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
23,436 Blog Posts

iBC Wishes You a Very Bad Christmas

In the event that you may want to track Santa Claus, the kids will love this site.

As for me, well, I’ll be busy throwing egg nog on the balsam and dreaming of kicking people down moving escalators. The holidays are always fun for Plutonium Petey. The kids get spoiled, while the adults inebriate themselves, in a very jolly sort of way.

Traditionally, we eat seafood, which consists of crab, mussels, scallops, shrimp and lobster, in a fra diavolo sauce. It’s an Italian mafia tradition, which dates back to the fun filled days when Great Grandpa Fly had a strangle hold over NYC’s “street lenders,” up in old Harlem.

As far as I’m concerned, the market can go hump a horse. I have my gains (64%). But, incidentally, I am not too happy about them. I define myself by failures. I am never content and always mad as fuck over my miscues.

For example: I am still pissed off over my series of SMN debacles, from early ’08. And, let’s not forget, covering my POT short, in the high 100’s. I am 100% positive that taking a negative view of my success helps me, if you get my drift.

iBankcoin had a terrific year. We added some new bloggers. Traffic has been expanding exponentially, on a monthly basis. And, for the love of dog shit and skateboards, I think we did a pretty good job helping our reader base dodge some pretty serious potholes, unlike Howard.

If you are one of the many who had a bad year, don’t let it ruin your holiday. Remember, when it’s all said and done, we’re all going to be plumbers anyway, once Barack the Builder begins remodeling America.

Chill out. Go drink some spiked egg nog, kiss the kids and be thankful that Godly folks, like the bloggers of iBankcoin, are still around speaking the truth for all of the internet to see and hear.

UPDATE: Pleasant holiday read. Short TM and HMC, with impunity.

UPDATE II: Epic Don Harrold vid.

[youtube:http://www.youtube.com/watch?v=JfP8ad5ZI0g 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter

105 comments

  1. cheesefries

    Merry Christmas Fly!

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  2. scum bucket

    I had a great year, I savor other people’s misery.

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  3. fly is god

    i heart you, fly

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  4. Dude

    Fly, iBankcoin is frigging awesome. Fun read, and I learn

    alot of interesting shit!! Keep it up.

    Merry Christmas to all!!!

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  5. Elaine Garzarelli

    The fly has godlike powers. I spend more time on this site than with my husband. Which is a good thing!a nice outlet to my grey life!

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  6. Mr. Garzarelli

    I want some meat…NOW

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  7. j-daddy

    I booked obscene gains this year, but like “the Fly”, I remember my losses and foregone gains more. Learned a lot from you guys. Merry fucking Christmas.

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  8. arch

    thanks for the help fly..and the other bloggers thanking you also .. merry christmas and wishing you a better fuckn new year

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  9. & an Unhappy New Year!
    & an Unhappy New Year!

    iBC has indeed been an oasis in the storm or you might say a safe port in the desert this year.

    A bad year in certain respects but a good one in others.

    Thanks Senor Fly

    All the best to the Fly Family & iBCers

    The iBC charter clearly forbids The Fly from posting songs of this sort (only Sinatra or rap are permissible) however, internet leaches may under certain circumstances “holidays” do so w/o retribution.
    Enjoy yourselves while Rome is set afire.
    http://www.youtube.com/watch?v=1rhKJcTgmgI&feature=related

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  10. BOOMER

    We eat the same meal on Christmas Eve.

    Merry Christmas to all and to all a good night!

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  11. Bob Brill

    Happy holidays, including The Fly, his fellow ibc bloggers, and valued commentators on ibc. Looking forward to checking in for upcoming trading days.

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  12. Bob Brill

    Happy holidays, including The Fly and Mrs. Fly, the fellow ibc bloggers, and valued commentators on ibc. Looking forward to checking in for upcoming trading days.

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  13. jeffpaz

    Happy Holidays.. Looking forward to the third year of following your daily shenanigans…

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  14. dailyreader

    what’s up w/ KIM…still feeling the short side?

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  15. theman

    merry xmas Fly. Howard is ok.

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  16. Tom

    Fly –

    Though all that Fly is God bullshit is bullshit, you are a charming writer, an insightful, open trader and one of my daily addictions. And what’s up with KIM?

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  17. The Fly

    Still short KIM. They’re doomed.

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  18. mike

    My Dear Fly,
    I wish you, Mrs Fly and your family and everyone else a wonderful holiday season and a New Year filled with new awareness, new inspiration and peace.
    zhù n? h?oyùn to all

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  19. Jason Liske

    when will bonds fold.

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  20. Darius

    I hate to say it…But Ive learned alot from you fuckers…Merry Christmas

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  21. IBankLoin

    You should consider topping this place off with a forum.

    Whenever something happens to the market among my first instincts is to come here and check the latest comments on your latest post.

    I suspect your user-base would expand further if users had a suitable place to commune off-topic.

    I would be willing to help.

    Good site and a Merry fucking Christmas to you all.

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  22. BOOMER

    http://finance.yahoo.com/q/cq?d=v1&s=SMN+SZK+SCC+SKF+RXD+SIJ+DUG+SRS+SSG+REW+SDP+QID

    What did I miss on these ETFs? Why the massive declines?

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  23. IBankLoin

    ProFunds decided to depants everyone by distributing capital gains on their ETFs with short notice.

    http://biz.yahoo.com/bw/081222/20081222005859.html?.v=1

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  24. The Architect

    You fuckers are all addicted to TV and the internet, and afraid of everything. You’ll be under control for the next 10 years.

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  25. j

    I bank loin
    You comment cracked me up.

    merry fucking Xmas to you too

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  26. boca

    Merry Christmas to Fly, all the ibc bloggers, and all my favorite fellow readers (you know who you are, there’s too many to mention). Happy Chanukah too.

    I can’t wait to open my xmas stocking full of coal. I’ve been bad, very bad.

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  27. Dinosaur Trader

    Merry Christmas to “the Fly” and some of the tabbed bloggers.

    I still think you should axe about half your tabs, especially tomorrow… a Christmas firing would be great and very much with the times.

    Meanwhile, I’m still cleaning clams ovah heah. Who the hell came up with this 7 fishes idea anyway?

    -DT

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  28. Yogi & Boo Boo

    Merry Christmas Fly, and to everyone else.

    Boca, At least you’re getting coal. I’m sure Santa will give me some crude oil and make a mess all about the tree!

    Merry Christmas to all! Here’s to a happy, healthy, and prosperous 2009.

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  29. Mac

    Merry Xmas Fly and thanks for all your guidance to the “great unwashed”

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  30. r

    Mainer version: lobster mac and cheese.

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  31. yo adrian

    May a reindeer drop a fat terd on ProShares and cause SRS to die a horribly and tortuous death (after it goes back to 150). It performs like a thief in the night robbing the innocent real estate haters, and filing the ProShares stockings with gobs of holiday cheer.

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  32. boca

    Yogi & Boo-boo, I heard Sham-WOW could help clean up that messy oil problem. I hope you get a pic-i-nic basket full of goodies from Santa instead.

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  33. mrkcbill

    How cool would it be if we crashed today? And CNBC fuckers had to work all week… Faber,Kudlow and Cramer would have to work it around the clock.

    As for me I will hit the Blockbuster extremely hard today and will be enjoying Chinese food and shawarma ham on the 25th!

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  34. TraderCaddy

    Yes, Merry Christmas to all and your families. And Happy Hanukkah, also. And Happy Festivas to all of the others.
    Off to play golf with the boy in 80 degrees and sunny.

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  35. No golf in Chicago
    No golf in Chicago

    TC,
    Go fuck an empty sleeve of balls

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  36. ZenProfit

    Ho!! Ho!! Ho!!

    Best to all of The Fly family.

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  37. Donny

    Well, Well, Well, would you look at that, Crude down another $1.52.

    Merry Christmas!

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  38. El Scorcho

    Happy Christmas and Merry New Year!!! (slapping tassle over my shoulder)

    On a cereal note, I want to wish everyone here a safe and happy holidays.

    iBC is without a doubt, best of breed on these here interwebz.

    Thank you Fly, Danny, RC, tCA and all the rest, even including yes, DevilDog for the entertaining/educational posts/banter.

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  39. SatanicChihuahua

    Congrats on a great year, Fly. You have a rare gift with stocks that would make Madoff green with envy.

    I appreciate how much time you put into sharing your ideas with us, the unwashed masses.

    Happy Holidays to all.

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  40. 4fl3x

    Ah wonderful, the bid and ask are $0.00 on my SRS options.

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  41. Mr. Claus

    Boca, I actually like bad, very bad women. Downright naughty is even better.

    Since coal prices have collapsed, I’ll be sure to give you an extra lump.

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  42. sniper6

    Old Harlem was a preodominantly Jewish neighborhood, no? Just sayin’.

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  43. Stockbroker

    Happy Christmachanukah,

    thanks for helping me with the proper wording to descride this market to my clients.

    “This market is fucked!” “And you may be too”

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  44. Obama the Savior

    Merry Kwanzaa Mothefuckers!

    Whitey is gonna pay in a big way.

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  45. 4fl3x

    SDP is takin the day of eyh? I <3 Proshares

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  46. New Poster

    Opened my first gift here in China…its a SHAMWOW!

    Fucking awesome

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  47. Oil_Bottom

    I’m in. Get ready to have your salad tossed by XOM.

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  48. Bo Dog

    I guess we had better be prepared for 2009:

    “Sen. James Inhofe of Oklahoma and Rep. Brad Sherman of California disclosed that Treasury Secretary Henry Paulson discussed a worst-case scenario as he pushed the Wall Street bailout in September, and said that scenario might even require a declaration of martial law. ”

    http://www.newsmax.com/headlines/military_domestic_use/2008/12/23/164765.html?s=al&promo_code=763E-1

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  49. The Fly

    Cramer is fucking nuts. Check vid above.

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  50. The Fly

    Old Harlem was Italian.

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  51. The Fly

    martial law?

    Oh boy, now you just opened up a can of worms.

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  52. The Fly

    xom=stubborn

    rig=dead

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  53. Whitey

    Stick it to the man!

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  54. James Cramer

    Don Harrold is a homo

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  55. Jakegint

    Signorelli Fibonacci alert:

    TSO just broke it’s (very strong) 38.2% retrace off the 9/25 highs ($19.93) to 11/20 lows ($6.63) at $11.75.

    As you know, I think the breaks of 38.2% line in a bear market make it very likely you will see a retrace to at least the 61.8% line in a bear cycle. In TSO’s case, that would be around $14.95 or so.

    Volume is not great, but refiners may be a shelter in the storm, sector wise.

    _________

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  56. Barney Frank, Gay Politician
    Barney Frank, Gay Politician

    Yeth, thtick it to the man!! Me firtht!!!

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  57. Jakegint

    East 116th Street was, and likely still is, one of the most Italian streets in Manhattan.

    Can’t remember which Don had a “social club” up there… not the Greenwich Village guy who made like he was nuts… Colombo family maybe?

    _________

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  58. sniper6

    Ta-ta, boys n girls, off for some holiday sniping now. Putting the X back in Xmas. When is a bomb in a shoebox not suspicious? When it’s gift wrapped, of course. And the whole “family” in one room? Priceless.

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  59. The Fly

    Sorry to interrupt Jake’s bad advice parlor. The refiners are being held up by morons who believe oil is on the verge of spiking. Last I checked: no spike.

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  60. New Poster

    KIM= cant short at Wellstrade

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  61. Jakegint

    I thought the refiners did better with cheap oil, which increased the demand for more “bathtub gasoline?”

    I am only listening to the messages from Signorelli Fibonacci. Bring a seance to his grave if you want to complain.

    __________

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  62. ZenProfit

    Jake:

    That would have been the 116 St Morello Mob:

    http://www.onewal.com/maf-b-ny.html

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  63. Santa Claus

    Who cares what you’re buying, just buy something. Can’t you see we are rallying.

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  64. chivasontherocks

    refiners are being held up in anticipation of imminent improvement in crack spreads. also, because of historical cheap, cheap valuations.

    btw, merry Christmas to you too buddy.

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  65. T MOE

    Dumb asses buying into this close. They well be clown raped in the coming weeks

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  66. T MOE

    Fucking XOM being stubborn is right. Oil to 30 in the coming weeks and XOM to 70

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  67. brushbuck

    Merry Christmas to the Fly, the bloggers, and everyone else who makes this such a great site.

    After a horrific ’08 the brushbuckette and I will, nonetheless, be counting our blessings and will be hopeful for the future.

    Wait ’til the sun shines, Nellie…

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  68. T MOE

    Have a great Christmas.

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  69. Jakegint

    Zen —

    Thanks for the site, I love reading about that history. Looks like Vincent “Chin” Gigante actually was the heir to 116th Street after all, even though his HQ was down in the West Village somewhere…

    Kind of makes you wonder if the Fly’s Great Grandpa was Morello or Masseria?

    ________

    ____________

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  70. Jakegint

    Smart guy from Miami I know told me this about the difference between earl today and back in 2002-03 period we were discussing yesterday:

    … in 02-03 crude averaged around 32 and the dxy (dollar index) for same period around 105.

    DXY today = $81.14

    … Excess production capacity was around 7 mill a day vs under 2 mill today.

    __________

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  71. Not the Zombie

    Gawd, Jim Cramer is a king sized asshole!

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  72. Big Brother Blows

    Hey Fly, how about an early Christmas present with your top 10 holdings (cash #1?) going into 2009.

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  73. SatanicChihuahua

    When I was getting my MBA at NYU, I once saw Vincent “the Chin” Gigante. He walked into a barber shop where I was getting my haircut. It was cold outside and he was wearing only a bathrobe and slippers, no coat. I’d seen news clips of him walking around the Village mumbling to himself wearing only pajamas so I knew instantly it was him. He started talking to the barbers in Italian, and I got really nervous and scared. If I wasn’t already in the chair getting snipped, I would have bolted. But after a couple of minutes, he left. I always wondered what was said.

    Years later he admitted his “mental instability” was a fraud and that he ruled the Genovese family.

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  74. SatanicChihuahua

    BTW, I found a new barber, after that.

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  75. 4fl3x

    Crude getting hammered AH. Down over 9% today.

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  76. j-daddy

    Wtf just happened to make oil plummet in the AH?

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  77. Donny

    Just got back from the Mall … and look at that, Crude = $35.36. LoL! What a fucking whore that dino shit is! Kinda reminds me of “CAP” who likes to suck his own dick, or “J” who thinks this is just another recession.

    The entire economy is going right into the fuckin’ shit hole, and NO we ain’t there yet, an NO the gawd damn stock market hasn’t priced it yet.

    Everyone better get ready for a new re-calibrated America in 1999 … one were the “buy now, pay later” model is no more. Motherfuckers better get ready to live within their means.

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  78. Jakegint

    Satan’sSmallPooch:

    You wouldn’t want to accidentally receive the same fate as the head of Murder, Inc. Albert Anastasia, in 1957 (note the inclusion of a young Gigante in the story):

    The Mad Hatter (Anastasia) had been rebuffed and was now plotting against his former ally, Costello, claimed Genovese…

    Then on the night of May 14, 1957, Costello was entering his swank Manhattan apartment building when a lumbering, fat young hoodlum , later identified as Vincent “The Chin” Gigante, stood outside the building and shouted at the gang chief from some thirty yards distant, “This is for you, Frank!”

    With that he fired a single shot and then fled.
    The bullet grazed Costello’s head but he survived.
    Gigante was identified by the doorman of the apartment building but was later tried and acquitted
    when Costello refused to identify him as his would-be killer.

    The word through syndicate enclaves had it that this had been the work of Anastasia; that he had hired Gigante, a Greenwich Village thug , paying him $500 to murder Costello, but that Gigante had botched the job.

    Costello himself believed this tale and agreed with Genovese and other syndicate dons that the Mad Hatter had to be eliminated. It was Genovese, of course, who had hired Gigante, instructing him to purposely miss Costello so that the gang chief could legitimately seek and get his vengeance against Anastasia. (to be cont.)

    _______

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  79. Jakegint

    (The Barberous Death Of Albert Anastasia, cont.)

    That vengeance was reaped shortly after 10:15 a.m. on Oct. 25, 1957, when Anastasia walked into the barbershop of New York’s Park Sheraton Hotel.

    He waved at the shop owner Arthur Grasso as he sat down in the deep leather of chair four. Joe Bocchino, who had been cropping Anastasia’s short, curly hair for years,
    covered him with the candy striped barber’s cloth and began to clip at the gang boss ‘s hair while a manicurist sat next to the chair and worked on the Mad Hatter’s fingernails. Jimmy, the shoeshine boy, began to slap brown polish on the gangster ‘s wing tipped shoes.

    (“Get ya shinebox!” -ed.)

    Two short, squat men wearing fedoras and sunglasses then entered the shop and pulled .38 caliber revolvers,
    waving the shop people away from chair four.

    As they scattered in fright, both men began to blast at the seated figure. Anastasia had been dozing in the chair, his eyes closed. They popped open just before the first shot was fired.

    The gang boss raised his left hand as if to shield his head from the bullet which tore through the palm.
    Two more bullets smashed his left wrist and entered his hip. Anastasia let out a roar and struggled to get out of the chair, reaching, some reports later said, for a gun that he no longer wore. Bullets crashed into the barber’s shelf in front of the chair, shattering bottles of hair tonic. Another bullet struck Anastasia in the back
    as he stood upright for a moment, the barber’s cloth still clinging to him.

    He sank to the floor, and one of the gunmen calmly walked up to the prone figure and fired a bullet into the back of his head, a coup de grace identical to the shot Anastasia had fired into the head of Joe “The Boss” Masseria in 1931…

    (Revenge for Great Grandpa Fly?? – ed.)

    _________

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  80. GenerationOilBottom
    GenerationOilBottom

    Donny wrote:

    “and look at that, Crude = $35.36. LoL! What a fucking whore that dino shit is! Kinda reminds me of “CAP” who likes to suck his own dick, or “J” who thinks this is just another recession.”

    LOL my ASS
    March crude is $40.90 and April $43.86.

    They are playing the same games with Feb as they did last week with expiring January crude.

    http://futures.tradingcharts.com/marketquotes/index.php3?market=CL

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  81. Jakegint

    Oy vey, this poor fucker, not having a “wonderful Christmas time…”

    The picture says it all…

    (Doh!)
    ___________

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  82. chivasontherocks

    generationoilbottom,

    i think this is yr-end games due to end sooner rather than later. i’m in already 100 contracts at 38.58 and looking to buy another 100 next week. all cash, no margin.

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  83. SatanicChihuahua

    Jake, wow…the creepy part is that happened in a barber shop.

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  84. 4fl3x

    Chivas, what contract are you trading? Feb?

    I hope crude can rebound before DXO goes to zero :/

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  85. chivasontherocks

    yes, the feb.

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  86. Bravo

    Fly,

    We’re all faced throughout our lives with agonizing decisions, moral choices. Some are on a grand scale, most of these choices are on lesser points. But we define ourselves by the choices we have made. We are, in fact, the sum total of our choices. Events unfold so unpredictably, so unfairly, human happiness does not seem to be included in the design of creation. It is only we, with our capacity to love that give meaning to the indifferent universe. And yet, most human beings seem to have the ability to keep trying and even try to find joy from simple things, like their family, their work, and from the hope that future generations might understand more.

    Merry Christmas

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  87. Fly

    Bravo

    Well said

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  88. DEVILDOG

    generationoilbottom, oil DOWN another 50% since your bottom call. What a fucking idiot. NEW market LOWS by 1/12/09 along with oil. GREATER GREAT DEPRESSION ’09.

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  89. chivasontherocks

    Bravo

    i second what Fly said.

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  90. JakeGint

    Breaking:

    Live feed from the balcony of St. Francis where son #1 is debuting as diminutive “Joseph” in tonight’s Christmas Pageant, opposite a head taller “Mary.”. Early notices have critics raving about his nuanced staff work, and partriarchal air, even despite his stature deficiencies. I am on the second cell to IMG right now negotiating the movie rights and a three picture biblically themed summer release package.

    Developing…
    ____

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  91. BOOMER

    Jake – I am putting my boy in parochial school next year. His “holiday” play featured equal parts Hanukkah, Kwanzaa, Ramadan, Los Posades, Feliz Navidad, Santa, and a ‘shephard boy.’ No mention of Christ.

    He did bring the house down as a Rabbi, however. Here’s his picture.

    http://1.bp.blogspot.com/__mW08QQ4M3Q/SUsjVqSBjpI/AAAAAAAABvg/564iDDJElac/s1600-h/Rabbi.jpg

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  92. Laaquafamale

    “Millions were disenchanted with capitalism and hoping for a new era. Meanwhile the currency devalued.” “The government printed money to deal with the crisis; this allowed Germany to pay war loans and reparations with worthless marks and helped formerly great industrialists to pay back their own loans. This also led to pay raises for workers and for businessmen who wanted to profit from it. Circulation of money rocketed, and soon the Germans discovered their money was worthless.” That’s wikipedia on Weimer Republic. But if you can’t be bothered, ask your wine dealer to source some chateau quinault l’enclos, saint-emilion grand cru.

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  93. crude_oil

    Meli Kalikimaka to all !!!!

    Please don’t forget to prey for RIG this Holiday Season.

    LOL

    Crude_oil

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  94. JakeGint

    Boomer, that’s hilarious– is that really your boy?

    Where’d those red curls come from- izza you family Neopolitano?

    _____

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  95. WallStreetHunter

    Have a good Holiday Fly.

    We do a similar dinner that’s fucking awesome, and this year we add 40 cases of whiskey to improve everyones mood.

    WSH

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  96. T MOE

    Santa Sighting at Dick Fuld’s house. It looked like he he was bringing in some coal. I was told he then headed to Madoff’s to bring him some more batteries for his ankle bracelet. I am waiting for him to stop at my house after he visits DevilDog. He is bringing him the same thing he is bringing me and all the good bears this year. A cash counting machine

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  97. Caffeinated

    In honor of The Fly’s heritage, and to toast his great year, I opened a fine Palazzo Brunello di Montalcino Riserva 2001.

    Merry Christmas

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  98. GenerationOilBottom
    GenerationOilBottom

    Devildog wrote

    “generationoilbottom, oil DOWN another 50% since your bottom call. What a fucking idiot. NEW market LOWS by 1/12/09 along with oil. GREATER GREAT DEPRESSION ‘09.”

    What the fuck you talkin’ about? Oil was $40 when I called the bottom and based on the MEANINGFUL March and April contracts it is still above that!
    D

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  99. Tony

    generationoilbottom, Oil can’t bottom until all speculators are wiped out. Oil speculators only have two choices at contract expiration, take delivery or sell. Delivery can’t be taken because asshole dip buyers who are long at $100,90,80,70,60,50…etc are waiting for a bounce and keeping storage facilities at capacity. So all these asshole dip buyers have to be flushed out before more asshole dip buyers can rally oil.

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  100. BOOMER

    Jake – that’s my boy. I’m Irish/Italian, mom is a mutt. His hair is spectacular. Merry Christmas

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  101. Q4

    Blue Christmas – http://www.youtube.com/watch?v=lUyuGFoiWJ0

    Happy Holidays to IBC!

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  102. Aris

    i hope santa claus tells china to go fuck themselves.

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  103. Damon

    Hello Friends,

    Happy Holiday’s, Mr. Fly and trading friends.

    Been happy to be out-of-the-loop…..haven’t traded in two weeks!

    Was in Southern California, and even Tijuana, too.

    By the way, Cali really sucks hind tit these days. Even Mexico seems better off!

    Cheers, Mosel Tov, and Happy Holidays!

    -Damon

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  104. Juice


    Blessed are the cheesemakers!

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  105. Alvari40

    Bravo,

    Well said…..by Woody Allen.

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