iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,010 Blog Posts

Fucked on a Spindle

All of a sudden, I find myself a bailout lover.

Congress is not into helping out during times of duress. Those players have a vacation to partake in. After all, the democrats already won; why should they stick around and work?

We’re fucked every which way but loose. In light of a market meltdown, auto industry failure, banking crisis and a plain ol’ vanilla gay employment market, those cocksuckers are going on vacation. Don’t worry, they’ll be back December 8th to ask more stupid questions.

I don’t know what to say. You can’t go from down 200+ to up 200 to back down triple digits. The market is not able to take that much stress. Eventually, we’re going to have a fucking epic washout, unless we get some real leadership.

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127 comments

  1. 4fl3x

    Wing man is now saying there is a chance for a 4-Sigma event. jfc

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  2. Neil Sedaka

    Bennet Sedacca

    01:35:00 PM

    No positions in stocks mentioned.

    Credit Market Update

    Spreads across the board continue to blow out.

    CMBS now trading near 20%.

    Corporates in every sector now widening, notably telecom, financials and retail.

    Munis are getting hammered.

    Junk? Pretty close to +2000.

    Mortgages? Rallying, but lagging.

    Until this improves, every equity rally is a mirage.

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  3. mrkcbill

    Odd No?

    Well Said

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  4. DEVILDOG

    The Zombie Says:

    Devil Puppy, why aren’t you posting? We need an indicator.
    You can come out of the shit house now.

    November 20th, 2008 at 2:29 pm

    Pay attention. Posted earlier:

    Stupid move fly. You’re too complacent. You stupid bulls will never learn.

    BTW, we’re going LOWER than whatever the LOW is today.

    Wants to know, basically my knowledge of how corrupt corporate America really is and also our government. I’ve been in the room with them. I know how false our economy is and I know where it is headed along with our country. Betting against the fly and the wizards behind the PPT is really pretty simple. All you need to do is be on the side of Mother Nature. She always wins in the end. We will see blood in the streets(literally) as a start to a bottom and the bottom will be much lower than that start. That should tell you how far we have to fall. I’m looking at S&P 150 as a possible bottom.

    November 20th, 2008 at 11:59 am

    November 20th, 2008 at 2:42 pm

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  5. charlie

    No mushroom cloud in sight, batten down the hatches of S.S. Long, greener pastures are close!

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  6. charlie

    Dog, we saw that the first time you posted it, although now it is twice as retarded.

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  7. 4fl3x

    This head and shoulders on the 5 min is picture perfect. Game is ovah, grab your gun.

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  8. MERLIN

    POOF!!! YOUR 70% YTD IS NO MORE!

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  9. jig

    fly, are you still holding onto your insane amount of C?

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  10. DEVILDOG

    DEVILDOG Says:

    DEVILDOG Says:

    Just raised my SSF to 70. Continue to be amazed by the stupidity of bulls. If you bought the dip this morning I hope you have sold by now. You guys just don’t get it. We have much lower to go and will undercut this morning’s lows today and head much lower. You’ve been warned.

    November 20th, 2008 at 11:23 am

    T MOE, glad you made some coin on AAPL. I’m still holding my AAPL SHORTS for a lower price. I’m not covering anything here and I don’t plan to until next week when the bulls get killed.

    November 20th, 2008 at 10:58 am

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  11. crude_oil

    Fly,have you heard if PBR delayed orders for new rigs?

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  12. Karl Marx

    Quick!

    Get under the Beard!

    We’ll ride SRS to $300 and in the meantime plan Fly’s uncommon sense assault on DC.

    Gatos Locos Forever…

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  13. ottnott

    charlie: DDOG has to double post when things are going his way to make up for his silence when the market rallied against him.

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  14. Mushroomz

    Devildog,

    S&P 150 would put us into a Mad Max Scenario. You should be investing in guns and supplies and shit.

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  15. Lucky Razorback

    Here come the Margin Clerks.

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  16. ZenProfit

    We break thru new lows by 3:15pm, then full steam ahead DOWN.

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  17. CAP

    Would it be unthinkable if we rally 600 into the close ?

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  18. charlie

    It would be illogical, which is exactly why I’m long. If you attempt to use technical and rationality in this market, you’ll get your balls chopped off.

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  19. charlie

    technical data

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  20. Greyhound Bus Station
    Greyhound Bus Station

    Last call to Romania…Anyone going to Romania,your bus is boarding now

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  21. Karl Marx

    DD can kill you 35 ways with a pen, a bottle cap, or toilet paper.

    Also, pretty sure he is really Chuck Norris.

    Watch out for the fist hidden inside his beard, if you can call it that…

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  22. Small Fry

    What hurts more, fly: the losses or having DevilDog say “I told you so”.

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  23. DEVILDOG

    ottnott Says:

    charlie: DDOG has to double post when things are going his way to make up for his silence when the market rallied against him.

    November 20th, 2008 at 2:53 pm

    WRONG asshole:

    I posted this during the rally. I will WIN the WAR. I’ve now raised my SSF to 97 due to really, really stupid people like you that tell lies about me disappearing when the market rallies as the posted fact below inticates that you are either too stupid to read or a liar like paulson. You got any other stupid comments today to make so my SSF can get into triple digits before the close?

    DEVILDOG Says:

    Just raised my SSF to 70. Continue to be amazed by the stupidity of bulls. If you bought the dip this morning I hope you have sold by now. You guys just don’t get it. We have much lower to go and will undercut this morning’s lows today and head much lower. You’ve been warned.

    November 20th, 2008 at 11:23 am

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  24. DEVILDOG

    Correction: SSF raised to 97.

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  25. ottnott

    This is a beard.

    It’s Pa, from Little House on The Prairie.

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  26. boca

    *jumps on the bus to Romania* A vacation in the romanian mountains sounds good right about now.

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  27. hmmmm

    Credit markets don’t bode well.

    People with chainsaws and laser beams are taking our heads and making swift cuts, like white people in line for an iphone.

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  28. Big Mike

    Fly losing money is indeed signs of the end of everything…

    LONG stockpiles of canned goods, sandbags, stakes, garlic;

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  29. DannyBoy

    Just saw something on Bloomberg that Citi is asking the SEC to once again ban shorting financials.

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  30. TraderCaddy

    Boca- My daughter spent two years in the Peace Corps in the Western Romanian Mountains (near Transylvania). Believe me, you don’t want to go there.

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  31. gatorman

    loving my 600 DUG, but taking it the hard way on NOV and MOS, f’n bastards!

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  32. DEVILDOG

    Yeah! SSF now at 107 thanks to charlie…one of the top clown idiots right up there with paulson.

    charlie Says:

    No mushroom cloud in sight, batten down the hatches of S.S. Long, greener pastures are close!

    November 20th, 2008 at 2:45 pm charlie Says:

    Dog, we saw that the first time you posted it, although now it is twice as retarded.

    November 20th, 2008 at 2:45 pm

    Hey charlie, say something else really stupid as I’d like to close my SSF at 117 today. TIA.

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  33. Reverend Cleophus

    The lunatic headcount on this site is off the charts.

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  34. mrkcbill

    I’m going sell clowns on Ebay…all kinds of clowns and shit.

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  35. The Contractor

    Hold that bus!

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  36. Rodney Dangerfield
    Rodney Dangerfield

    What the fuck is a 4 sigma event?

    Is that the same thing as getting my face ripped off?

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  37. Juice

    D-Dog, whats SSF ?

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  38. Big Mike

    DevilDog how did you get unbanned?

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  39. Ass Napkin Mike

    Citi is fucked

    Major deposits fleeing the bank today. My friend works for them and said people and investors are pulling cash out like mad today. He said it strated first thing in the am and has not let up

    Be careful

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  40. Eye No Stuff

    I’m a lifelong Republican, but voted for Obama. Right now though, that appears to have been a huge mistake. The economy is going into the shitter and that man goes into hiding. The economy goes into the shitter and Obama appoints a Secretary of Health and Human Services? WHERE THE FUCK IS OBAMA ? More importantly, where’s our new Treasury Secretary? Who’s on the economic team? That fucker better get his sorry ass to work or he’ll be thrown out of office by the market before we get to XMas.

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  41. Joe Stalin

    “What the horse??”

    __

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  42. TraderCaddy

    I believe SSF has something to do with the Ultraviolet ray protection from the sun.

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  43. canuck visionary

    All you bulls whistling in the dark, shaddup already. Your bleating and hand-wringing isn’t helping. At least Fly and DD put their money up with their ideas. All you will see for a while is gay sisyphus rallies then back down. Act accordingly.

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  44. Joe Stalin

    You know what my friend Vladimer Ilyich said about “useful idiots,” don’t you?

    _______

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  45. jeff

    Congress has little power, and it is not their job to manage the economy. And the market and the economy don’t correlate.

    FUCK

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  46. wtf?

    Eye,

    I hear you.

    He doesnt want his name associated with this mess.

    Pure politics unfortunately

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  47. TP

    Hey, be sure and “average down” into those stocks Mr. Fly, aka Bill Miller Jr.

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  48. Joe Stalin

    BOHICA, my comrades!

    ____

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  49. boca

    TC, after this year it seems fitting that I embrace my inner goatherder and learn Romanian.

    I have much respect for your daughter btw.

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  50. DEVILDOG

    Gee, who knew? I present to you the one, the only….

    DEVILDOG!!!

    DEVILDOG Says:

    Just raised my SSF to 70. Continue to be amazed by the stupidity of bulls. If you bought the dip this morning I hope you have sold by now. You guys just don’t get it. We have much lower to go and will undercut this morning’s lows today and head much lower. You’ve been warned.

    November 20th, 2008 at 11:23 am

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  51. gappingandyapping

    Seriously tomorrow morning when you wake up we are going to see some shit like you have never seen before. If we do not close up or flat today we are truly in some major trouble.

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  52. Johnny Rawcus

    Don’t ban the dog!!
    If it wasn’t for his comments, I’d be long C!!
    Thanks for the reality check!

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  53. BOOMER

    I just shit my boss’ shower!

    Poverty is making me craaaaaazy!

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  54. DEVILDOG

    BTW, did I mention that I’m taking ALL your stupid bulltard money? TIA to the really stupid bulltards. You know who you are. BOOHOO!!!

    BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!

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  55. BOOMER

    I just punched a baby!

    Oh, the humanity!

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  56. charlie

    Mind the giant BEAR trap Dog, it’s so tightly wound it’ll sever your hind legs right off.

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  57. mrkcbill

    Boomer is this a sign of Panic…a buying signal…funny you crack me up…IBC OTB Man of The Year! Awesome…

    Did you clean it up?

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  58. BOOMER

    I’m long 2k BGU and 2k QLD here for the “fuck armageddon” gamble! Huzzah!

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  59. charlie

    Stick to your guns Boomer.

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  60. ottnott

    It will all reverse when they turn the machines back on.

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  61. Joe Stalin

    Hmmmm… UUP not cooperating… (not dropping either, but….)

    _____

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  62. Scully

    Douchebags like this live all around me…sometimes I pee off their foreclosed balconies into the ocean.

    http://www.forbes.com/free_forbes/2008/1208/050.html?partner=yahoomag

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  63. BOOMER

    Swiper no siping!

    http://www.youtube.com/watch?v=AarHxXD_vKY

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  64. Uncle Sam

    This lack of leadership even makes me cry.

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  65. Ozark Hillbilly

    My God there are going to be some margin calls tomorrow, unless something bullish happens. C under $5? Fuck me …

    By the way, I am leveraged on the short side.

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  66. Baron de Rothschild
    Baron de Rothschild

    The Illuminati is ALL POWERFUL !

    YOU…are powerless !

    —————

    There will be a New World Order…accept it !

    The “credit crisis” is all part of my plan to reduce the developed world to permanent third world status !

    Everything is orchestrated !

    Wars…Media…Politics…Banking…Finance…everything is contrived and controlled !

    Bwa-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha-ha !!!

    .

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  67. DEVILDOG

    Het fly, you still holding all that stupid bull trap shit you bought this morning? Keep charging that red cape. I still have not used the sword. Maybe I’ll kill you next week if you’re lucky. Will probably wait at least 5 days to let the margin clerks really eliminate the complacent, stupid idiots.

    BTW, anyone seen charlie, ottnott, j, GENERATIONAL Bottom, art hogan, or jimmy chin?

    BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!

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  68. DEVILDOG

    Fogot to add eye know stuff. Sorry

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  69. mrkcbill

    Hey Dog…tell us how naughty we’ve been!

    Wall Street…them some very naughty boys and girls.

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  70. Yogi & Boo Boo

    Can UYG go to ZERO! =:0

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  71. Bob the Slob

    Man this is bullshit. Short sellers should not have it this easy.

    Sell-and-Hold should not work.

    The government needs to step in and start buying… force the market higher. Socialism be damned. The financial system is broken.

    I’ve lost a lot of money. I know I suck, but now I’m starting to get angry.

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  72. DEVILDOG

    Juice Says:

    D-Dog, whats SSF ?

    November 20th, 2008 at 3:14 pm

    DEVILDOG Says:

    BTW, for those of you that follow my macro approach to the Market and America, I’ve now increased my SSF(SUPER STUPID FACTOR) to 80 after today’s bull trap. Basically, my SSF is derived by taking a baseline belief as to how stupid the sheepeoples and cows are in America and then multiply it as they prove to be even more stupid than I though humanely possible. My SSF is like the VIX except it obviously measure stupidity instead of fear. BTW, 80 is an all time high to date. As the SSF goes up the market will go down. The SSF is in a very bullish log term pattern and I expect it to be in triple digits soon.

    November 20th, 2008 at 1:27 pm

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  73. Scully

    Sold WFMI from 8.25 @ 8.5…no BO sighting no arugula…Ms.Scully’s next recommendation JWN says Ch.11 an ‘impossibility’. Piano plays on. No position waiting for 7 handle.

    Long 10K shares of the Blue Oval @ 1.09

    Still short HIT from the September and short RJF from 16.63

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  74. T MOE

    WHOOOO WHOOOO

    What a ass beating. GS set up nice for another short just like I said earlier

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  75. Jimmy Chin

    Im still here DEVILSHOG.

    Answer me this…do you promise to show up in this blog when the clown raping of the shorts begins? You were noticeably absent during the last few rallies.

    Face it…you are a pussy. The DEVILSHOG PUSSY FACTOR (aka the DPF) was just raised to 85.

    Jimmy

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  76. DEVILDOG

    Sorry, forget to add “the game is rigged” to my honorable mention list of stupid bulltards. He alove was responsible fo a 10 point increase in my SSF today.

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  77. charlie

    Fuck it, time to change direction. +1 Dog.

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  78. Long bond now up 5 3/4 points…5 yr below 2%!

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  79. mrkcbill

    Scully,

    Good work…you just got an upgrade!

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  80. bravo

    Don’t ban the DEVILDOG! However Dog, you might want to be less antagonistic.

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  81. 4fl3x

    Etrade has SMN shares available to short!

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  82. come on people

    once again..stay away from banks until Merideth says its ok.

    How come arrogant shorts always end their posts with ” BAHHHHHHH” or “BAH HA HA HA HA” or ” BWAAAAAAAAAAAAAA” ?

    ALL of them.

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  83. T MOE

    Sell Sell Sell Sell

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  84. Market Fool

    Holy fuckface batman SRS just hit 250.

    My call was 250 by next summer.

    Am I in a time warp?

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  85. Donny

    Looks like my fortune cookie (DUG = $60) is working well today.

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  86. DEVILDOG

    jimmy chin, go suck art hogan’s dick and leave me alone. I refuse to use your stupidity to my SSF again. You can only be counted once.

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  87. Yogi & Boo Boo

    7,000 here we come. This sucks. Props to the dog…

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  88. mrkcbill

    Woosh

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  89. Reverend Cleophus

    The Government now encourages naked shorting

    Please, feel free to short anything you want, no restrictions

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  90. Jimmy Chin

    I did not think you would make that promise…you will not show up when the short clown raping begins…because you are a coward.

    DEVILDOG PUSSY FACTOR (DPF) just raised to 90.

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  91. me2

    DEVILDOG …U IDIOT IT IS CALLED A BEAR TRAP…FRUIT LOOP..STOP ACTING LIKE A GENIUS..U DUMBWIT…U TALKIN SHIT WITHOUT TRADING JACK SHIT..SO STFU

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  92. BIG MIKE

    DEVILDOG! SHUT THE FUCK UP!

    There’s one thing to make a crack or a joke every now and then, but this is straight up distasteful and it is pissing me off…

    Full Disclosure: I am 100% in just one position HK…and I am not being bitter

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  93. 4fl3x

    My wing man Atilla Closed all shorts. Good luck all.

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  94. Contrary Indicator
    Contrary Indicator

    my WMT and TJX are up.
    like sprinkles on dog shit.

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  95. Juice

    DDawg – I am gonna try and get your SSF over a hundo buy byeing TRA & UYM

    I’ll take a shot … TRA has a shitload of cashola $6.00, 1/2 that in debt … loose stop … same for UYM

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  96. lllll

    Smells a lot like a casino in here.
    Are we trading or gambling?

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  97. Grandpa

    Congrats Donny

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  98. renegade

    Why is everyone trying to slow down the effects of deflation. It’s happening whether people like it or not.
    Make all businesses start over, liquidate everything, crash everything, force everyone to sell their bonds and treasuries. This liquidation would allow the government to offer some serious government grants, and all the competant and responsible and those prepared to do so can buy up all of the companies assets for pennies on the dollar, so we’d have massive deflation, then massive inflation and we could rebuild again…
    isn’t that a million times better then having this long drawn out crash?

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  99. Scully

    Sold 10K letter F @ 1.26 from 1.09…going to continue to hit singles/doubles on the long side.

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  100. DEVILDOG

    bravo Says:

    Don’t ban the DEVILDOG! However Dog, you might want to be less antagonistic.

    November 20th, 2008 at 3:42 pm

    Just returning what the idiots dish out. If they can’t take it tuff. That’s what is wrong with a bullshit paulson America. Just a lot of fake tuff guys posing and making speeches to cover their ass. I can’t wait until paulson is out of office and the new Attorney General goes after him and his buddies. That will be a start to the bottom. However, it will be years away. However, you bulltards can use that as a sign to nibble on some longs. Until then keep charging my red cape.

    Gotta go now and count all my money. It will take several hours while sipping rich man’s whiskey. Odd no?

    BTW, today’s low is not the intermediate bottom.

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  101. charlie

    My 180 turn with 3x speed has started recouping gay losses. But seriously, fuck this motherfucking market whore. And the rally monkey has been fired. See below:

    http://www.youtube.com/watch?v=bga4vLTOJ4U&NR=1

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  102. Yogi & Boo Boo

    And to think, I sold my SRS at 104…

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  103. boca

    Dang, this is an ugly close.

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  104. mrkcbill

    I say 620 when it ends

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  105. The Game is Rigged
    The Game is Rigged

    Hey Dog, go fuck yourself.

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  106. Money Maker

    I’ve got AKs… I’m all in

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  107. KATS

    ALL YOUR BASE ARE BELONG TO US

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  108. Republicans ruined the country

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  109. T MOE

    Covered a few more shorts. I’ll be busy all night counting my coin!!

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  110. Dems

    Anonymous…believe what you will…but we democrats fucked this country too.

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  111. charlie

    The country fucked itself when it gave Ron Paul the boot.

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  112. Itchy & Scratchy

    Charlie,

    Ron Paul raised too many inconvenient questions.

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  113. wildraptor

    At this rate, the market will be over in 16 more trading days.

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  114. ZenProfit

    “ZenProfit Says:
    We break thru new lows by 3:15pm, then full steam ahead DOWN.
    November 20th, 2008 at 2:55 pm”

    My first prediction. Won with SDS @ 122!!! Boooyahhh!

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  115. charlie

    New plan: stay short till early December, then by truckloads of F for 300% gains in 48 hours, then get short again.

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  116. S&P 500

    Hell, if we’re going to go back to 1987 levels, might as well have 1987 music…
    http://www.youtube.com/watch?v=ULI5kolBpAk

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  117. me2

    FLY…CHEERUP…JUST ONE BAD DAY…U STILL GOT UR SILK ROBES AND SANDALS…RIGHT?

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  118. Juancho

    Pretty soon, we’re going to be dropping 5% a day…of 0.
    Bounce tomorrow?

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  119. mst333

    Fast Money – Peter Schiff today

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  120. Jakegint

    One more night of Frank, at least!

    Hey get this… now I gotta go to the dentist!

    This is like a bad Jerry Lewis movie.

    ________

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  121. DEVILDOG

    Friendly QUIZ:

    BULLS eat grass that they piss and shit on and then sleep on it.

    BEARS eat fresh salmon and sleep in safe, comfortable caves.

    Who WINS?

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  122. Flux Capacitor

    Eye No Stuff – everybody’s getting what they deserve. Want communists running the country? Good. Watch as she burns to the ground.

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  123. Long bond now up 8 points…WE NEED LEADERSHIP RIGHT NOW!…Washington, Kennedy, Reagan…anyone left?

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  124. Jimmy Chin

    DEVILDOG

    Bulls make money
    Bears make money
    DEVILDOGS suck dick

    Who wins? Bulls and Bears win…cock suckers like you never win.

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  125. theman

    the dog rules, whooping morons with a scepter made of petrified dogshit

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  126. Wants to know

    i’m blocked hahahaha

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  127. Wants to know

    well the first message didn’t go through, i guess i’m not blocked

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