The fucking horror of it all is so frightening it’s actually funny, as a point in fact.
If you enjoy the content at iBankCoin, please follow us on TwitterUBS this month advised bankers to travel economy class for flights of up to five hours, two officials at the biggest Swiss bank said, asking not to be identified because it’s an internal policy. Merrill employees have been asked to travel economy for flights of as much as three hours since mid-September, two executives at the firm said.
It just goes to show what princesses I-Bankers are…I’ve flow with SVPs of banks and they fly coach…
There’s been a tremendous amount of asshatery going on Wall Street since this fucking ponzi scheme started. These Wall Street traders have been so egregiously compensated, its sickening. These asstards have taken their bonuses and bid up Manhattan real estate to perverted levels.
My good sense of reading the future, tells me that more than half of these quasi-MBAs will be in divorce and bankruptcy court in the coming years.
Our SVP flys coach too. boohoo to usb and merrill
Half of American men divorce anyway.
For the Wall Streeters, I’d go with 3/4ths will divorce.
Agree … 3/4ths it is.
Poor fucking babies, they have to fly coach!
I want to see perp walks!
Where is our Putin, who believes in Borders, Language, Culture, and will stop the rape of our national wealth by the oligarchs?
I would order these fuckers travel by Greyhound. Assholes !
Any word on the expense accounts for hookers and blow?
Anyone have Devildog’s phone number? His cell phone keeps getting shut off, and I am trying to contact him about a margin call. His bullshit account has fallen below $25k, and is no longer eligible to short stocks.
Roger,
It’s okay.
Devildog cant come to the phone right now — he’s hiding under his bed, hands cupped over is ears, mumbling children’s hyms. I think he might have lost it.
Go ahead, I authorize you to cover his 5 shares of AAPL.
-Phil
http://www.youtube.com/watch?v=65I0HNvTDH4
You’ve been Barak Rolled
The Horror!
Boomer,
That’s some funny shit (Barak Roll). Obviously, I’m out of the loop these days — already 3.6M views on youtube and I’d never seen it before.
Larry sed USB, that’s uber-funny, because they r on my chit list of bank stocks yet to get their comeuppance.
But they will…
Devildog shorted 5 shares of crAAPL? Impressive.
Maybe the UBS and Merrill homos will choke on coach peanuts, poor bastards now need to sit with the rest of us. The Merrill bitches still get to fly 1st class for cross country trips though, and I bet it’s total travel time so they just put a stop inbetween and fly 1st.
Wall St has no concept of reality. What happens on the island, stays on the island.
Fly
You ever traveled coach?
The Fly tried to purchase headphones on a flight today (standby, of course) and his credit card was decline. So sorry.
my old firm used to force everyone to fly cattle class, unless it was an international ex-canada flight. it was asshattery of the highest order.
Arthur: Do you know what I’m going to do? I’m going to take a bath.
Hobson: I’ll alert the media.
Arthur: Do you want to run my bath for me?
Hobson: It’s what I live for.
[Arthur exits]
Hobson: Perhaps you would like me to wash your dick for you… you little shit.
My blow guy tells me the economy is not hurting him at all. As a matter of fact he said since the vix has moved above 50 business has been off the charts.
Listen. The Fly travels business jet usually G550 or Falcon 900. The Fly is not poor like you. Capisce ?
Fucking commercial bankers are lazy and dissolute drunkards, and do not compare to investment bankers in IQ, compensation, or hours worked.
Fuck them, they belong in coach.
________
Exactly jake. As two former CSFB employees which was a firm that knew how to treat their employees right with the little things I agree commercial bankers were/are just Joe the plumber in a suit. They fucking belong in coach, perhaps even Grey hound.
This is too much to take.
Fuck the New Depression. Our grandchildren will hear about it… but ultimately, it will make us all a lot stronger.
-DT
Ditto the opinion on commercial bankers. Most are retards.
My hole famly iz bankers.
argentina: done
Argentina Default Looms as Pension Funds Seizure Roils Markets
Oct. 22 (Bloomberg) — Argentina’s planned seizure of $29 billion of private pension funds stoked concern the nation is headed for its second default in a decade.
Investors say President Cristina Fernandez de Kirchner’s decision may further hurt markets already reeling from slumping commodity prices and slower growth. The retirement system, set up in 1994 to help bolster capital markets, owns about 5 percent of companies listed on the Buenos Aires stock exchange and 27 percent of shares available for public trading, data compiled by pension funds show.
Argentine bond yields soared above 24 percent before the announcement late yesterday, and the Merval tumbled 11 percent. The last time the government sought to tap workers’ savings to help finance debt payments was in 2001, just before it stopped servicing $95 billion of obligations.
“It’s the final of many nails in the coffin from an institutional investor perspective,” Bill Rudman, who helps manage $3 billion of emerging-market equity at WestLB Mellon Asset Management in London. Argentina is “disappearing into irrelevance.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aDuA9V2SI6GY&refer=home
^N225 didnt get the Apple memo. Down 5.2%.
We live in the end times and Jobs is the beast.
hari kari motherfuckers.
is it just you and me tonight fly?
Didn’t get the AAPL memo…funny shit!
apparently so.
All the other assholes must have passed out from exhaustion.
and DD.
man i have been trading like a maniac. what do you think of bill cara saying a new bull is emerging? full of shite?
The dollar is about to meet its maker.
Yippie tai yi yo, mothahfluckas.
________
Nah.
I think the market goose steps higher until Thanksgiving. Then it’s all downhill.
We have a small window here to trade on the long side. It’s been so long since I have done so; I am enjoying it.
When the going gets tuff the tuff keep going. Sorry about giving you a hard time today fly. I’m just as opinionated as you except on the other side of the trade. You do keep me thinking and I appreciate that. Don’t hold those longs much longer. My .02.
Dollar up tonight, Jake.
Oil is getting punched in the liver.
I am out.
Later, losers.
Don’t sweat too much Devil Dog, you will only lose 10% tomorrow.
No biggie.
jake – learn me some macro econ. dollar down because of foreign dumping? moving to?
Just covered my short Euro and short gold pos. Bought some more Oz to add to that loser of a position with a stop at 6540ish.
Sold out BHP
Euro yen down here is worrying for the stock markets as that’s a risk/liquidity marker.
Boomer — I think it’s technical. It was up too much on this panic. No reason to be at this altitude in the first place, the way they’ve been abusing it.
Time to “readjust.”
_____
My bad, INO has the dollar up. Fucking CNN has it down vs. the Yen and Euro. Whom to believe?
______
Not worried at all. I’ll be up another 50% very soon. Hope you have tight stop losses.
Fly
Why are you saying oil is getting hit as it tried below 70 a few times. What are you thinking?
jake is this what you are looking at?
http://quotes.ino.com/chart/?s=NYBOT_DX&t=f
is this a live 24 hour quote? i know nothing about it
Dollar is down versus the yen due to the carry trade unwinding in preparation for the next drop in the S&P to 720.
Jake
dollar is up across the board and has been flying in the last 4 hours or so and there’s been no holding it back. Worse, banking buddies don’t know where it’s coming from which means it’s stop loss city all over again below 1.30 as it may have triggered exotic options knockouts both in the Euro/$ and the cross Euro/Yen.
May also be further hedgie liquidation although that’s less of a proposition as they have been carried out in body bags with the carry trades.
Dog:
do you know how boring you’re sounding? How long of fucking dollar were you if you’re so bearish? Oh that’s right you’re only interested in stocks and have just become a currency analyst.
j – mind showing me where you find this info?
Which info… about the currencies?… I’m a currency trader. Violent movements like these are always liquidations. Going through major big numbers lie 1.3 Euro and 130 Euro/yen is where a lot lot of exotic options strikes would have been. Next Euro level for those is 1.25
Hey, all. Here’s a link to a live EURO/USD chart for anyone that’s interested. Hope this helps,
http://www.dailyfx.com/charts/Chart.html?symbol=EUR/USD
Europe is sucking wind. Market knows Europe needs to cut rates. Sarkhozy is rumored to be talking protectionism. Dollars getting repatriated.
j, I don’t trade currencies, however, I’m smart enough to watch everything that affects the equity market. I suggest you check your info as the yen is up versus the dollar and it does mean that risk is back and the carry trade is backing off. What’s your problem anyway? I’m working watching Asia and shortly Europe trade I’m not in bed sucking on my wife’s big tits which I’d rather be doing. You want to think that you’re smarter than the average BEAR then wake some lazy ass up and have at it.
yes the currencies. i think greek punk linked it.
but slow down for the full retards amongst us.
learn me what the hell you are talking about.
Dog
I know the yes is up against the dollar. Doll yes is side play to what else is going on.
UMMMM
Doll YEN is side play to what else is going on.
One last thing, for what it’s worth, here is The PPT ranking for the entire market, covering 4,516 stocks:
PPT Overall Market Analyzer
PPT Technicals: 1.87: Strong Sell
PPT Fundamentals: 2.92: Sell
PPT Hybrid: 2.39: Sell
We are still tweaking the formulas, by the way. The way I interpret the data: awful technicals, with deteriorating fundamentals, nearing buy levels (3.00). Now, many sectors are already buys. However, overall, this indicator is bearish.
I’m out.
Japan(-7%) and Korea(-8%) are crashing due to the Eurodollar moves.
Sarkhozy is rumored to be talking protectionism
Where did you see that?
Tell me if I am on the right track, forgive my n00b ness:
Yen Carry Trade – yen is borrowed at low interest and reinvested in equities. Japan starts raising interest rates in order to attract investment in the Yen, to strengthen it. Traders who borrowed must sell equities to repay Yen denominated loans. Equities fall.
Is that right?
I don’t understand the Dollar Euro relationship. The Euro falling aganst the Dollar indicates the Dollar is the preferred safe haven? That Europe economy is worse that ours?
Sorry for so many questions. A little dumb ovah heah.
“Sarkhozy is rumored to be talking protectionism
Where did you see that?”
CNBC Europe..didn’t catch the guy’s name.
I don’t give a fuck about euro/dollar except in regard to commodity equities and the fact that the rising dollar will knock off the last leg of the US economy…exports. When the yen goes up the US market goes down. That is what I’m banking on.
Yen Carry Trade – yen is borrowed at low interest and reinvested in equities.
Or safe investment like US agency paper, Aussie dollars etc or in that shit hole we call Europe. Japanese banks actively convert suckers yen for high yielding crap. Large numbers of Asian were being sold exotic option strategies by I-banks and private banks with big yield plays where they’ve come a cropper Hedge funds were using yen as a yield play. There all that sort of shit playing out. Tension in the Japanese asset markets causes these fuckers to take money home.
Japan starts raising interest rates in order to attract investment in the Yen, to strengthen it. Traders who borrowed must sell equities to repay Yen denominated loans. Equities fall.
Is that right?
No absolutely not. Japan hasn’t and will not raise rates anytime soon.
I don’t understand the Dollar Euro relationship. The Euro falling aganst the Dollar indicates the Dollar is the preferred safe haven?
Possibly or it’s also tension causing US firms etc to take dollars home.
That Europe economy is worse that ours?
It’s a shit hole looking for a rat to live in.
hey all:
anyone have thoughts on OPEC’s emergency meeting scheduled this Friday???
Any trade ideas to make some coin off it?? I can’t imagaine those bastards not cutting production.
It’s a shit hole looking for a rat to live in.
You’re a Europhile.
gotta sleep. got CDs to dust tomorrow.
Doesn’t matter what OPEC does. Oil is going down to 55 -60 in the near term.
Dog
So er you’re expressing a bearish view on oil with a short position in Apple. Are you Texan as that sounds like a Texas hedge to me.
Dallas Texas here. I’ve been SHORT DXO from $19.
…
BOOMER Says:
gotta sleep. got CDs to dust tomorrow
I have some eight tracks that need dusting.
Fly what are your thoughts on the VMWare numbers?
http://www.marketwatch.com/news/story/vmware-earnings-jump-strong-growth/story.aspx?guid=%7BAABF5505%2D3665%2D4DB0%2DB426%2DE982AA276C02%7D
up 20% in AH, hope you werent on the short still
This is an observation, not a political post.
It seems that whenever Obama’s lead in the polls gets larger, the market sells off???
Of course the Market sells off when the Obama’s numbers get larger. You think the market wants socialism, higher taxes on dividends and cap gains, and wealth re-distribution?
Im surprpised UBS did not take its medicing earlier. Credit Suisse had this 5 hr economy policy over 2 yrs ago.
recusancy Says:
Mr. Market. You are going to break 9500 before you break 9000. Book it.
What say you now?
If we go below 9000 and close there, Its down to 8700 from there. The way the futures look this morning, it looks mighty gloomy for MR Market
The market says; WTF I forgot my diaper while I was on vacation.
Pro Trader
You must have an ass napkin near at all times
OHHHHH SHIIZZZLEEE X just got the DG SON!!
Where is everybody? bulltards must be trying to sell their stupid longs in the pre-market. I’m shorting some more AAPL.
Morning all,
Hat Tip to Donny the DIG/DUG Master.
Oh…have a great day!
POOF!
Your window of opportunity to trade on the long side disappeared overnight!
Dog
You obviously got little sleep, you were so excited.
Your window of opportunity to trade on the long side disappeared overnight!
There’ll be plenty of opportunity to “trade on the long side” today.
For those with a cast iron nutsack.
_______
D DOG-
I am with you. I’m adding to my AAPL shorts. Who the fuck is going to buy iPhones and iPods when they can’t even pay for a dinner at Outback
G’day Mate!
These morning sell off have been reversing lately about mid to late day. Let’s see if the bulls can come back from their beat down yesterday and this morning. Who thinks we will follow the pattern?
T MOE –
i’ll tell you who….people that buy apple shit just because its fucking apple
This is like shooting apples in a barrel.
The prophet tells me that AAPL will test 85 before NOV options expiration
I agree with T MOE. I think we follow the LONG TERM TREND and go down BIG today, tomorrow and Friday.
Morning Boys … Trader Donny wants to see a complete blood bath this morning at the open. Opportunity!
This Donny thrives in volatile markets like this, and enjoys banking coin while betting against human nature.
We trade higher today. Stop wigging out freaks.
the fly needs to make some sort of chat feature…this “post and refresh” shit is so 1986
buy QCOR biotech with earnings and sales.
Do we know who are the biggest losers from Lehmans CDO shit game?
Rob I’m with you. Come on FLy get with the program
I am going to wait a minute or two and then probably scalp SMH on the long side and then may be done for the AM by 9:50.
Ass Napkin Mike;
I do my trades on a Port O Potty. Its ceaper.
Buying NOV
wow aapl
DevilDog wins again.
DD are you going to take the Viper for a celebratory spin at lunch?
Buying FCX, Holding MOS
Buy this dip bitches.
I love it when Dog is like this. He’s so excited it like the great feeling after scratching a itchy back and getting the exact point.
hookers and blow, good stuff!
Pretty sure I just saw The Fly drive a truck full of cash into the East River. Oh my…
Sweet sassy, the SDS I purchased 3 days ago is swimming in the green! Patience truly is a virtue, and it swings between my legs in a hairy sack.
Scaling into more ABX
Mister Contractor … that is a disgusting analogy … though very true.
Glad I bought SPY puts.
Oh, when? Oh When? will the oils stop falling?
When the do you will see a huge move upward lookinf to scale in CVX and small caps like GIFI
haha…Sorry Donny.
Where’s Boomer?
Man, fuck Craapl, you should be putting your boy’s college fund into CBL. Trading at 0.7 x book, 24% (!!) dividend yield, Pride of Tennessee, and what’s more, you can drive down to Chatanooga, and meet the management.
Finer folk you will not find in the business.
____________
what Fly you retired with the hits in your Godly (sic) portfolio ?
Done five minutes early scalping long. Thanks SMH. Good job.
May get back in later.
anyone have a view on Amex down here?
Chit – weeeeee, here we go.
steve jobs just ate a 3 egg omlette and bacon baby
AAPL setting up nicely. Come on everyone! chase this fucker get long all day.
I’ll be waiting
J
Screw AMEX do you think people will continue to pay the high annual fees on their cards for a decreasing offering of benefits and rewards. I don’t even if it is at a 10 year low. I say it goes lower
[this “post and refresh” shit is so 1986]
Agreed. And while we’re on it, websites built of PHP suck too. Unstable and oh so p0wnable. Please FLY. I know good help is hard to find and all, but c’mon.
http://www.theparisreview.org/viewmedia.php/prmMID/5686
Amex
Yes
But even with losses last quarter it still had a decent roe.
GOOG and AAPL enabling NASDAQ to hold on
AMEX goes to 23.20
Good thing Fly got out of WB with the rest of the short bus riders. LOL