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
23,443 Blog Posts

Santa Claus Hates You

The trend is broken. However, who knows what the Obama lovers will do come JANUARY 1st—also known as the magical day when everything changes.

You assholes are so quick to give the economy the benefit of the doubt, it’s sickening. I want to spit on you, from a 100 yard distance.

At the bell, the following bear positions are somewhat prominent in “The Fly’s” portfolio:

FAZ, SMN, SRS, ERY, DUG,
short XOM, short LFC, short VNO and short RIG.

Here are some longs:

ABX, C, GE, UNH and PFE

Without being too long winded and wasting more of my valuable time, I think having a bearish bias into the end of 2008 is the way to go. Too many cocksuckers are out and about trying to “take on more risk,” due to the Fed’s actions. They will be wrong, as always.

Unlike 2000-2003, there is not the vast amount of retail chains, in nascent/high growth stages, to fill vacancies. Back then, there was SBUX, BWLD, GME, PNRA, CMG, and many others, gobbling up available space, effectively bailing out commercial Re. Also, there were banks opening up branches on every corner, like fucking crack spots.

Ask yourself a question: Who will fill the vacancies at the strip malls and tall office buildings, after liquidations are completed and corporations slash their head count and/or close up shop?

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26 comments

  1. jig

    i feel bad for the mom and pops who sold out of their apartments 5 years ago to buy a single tenant starbucks in but fuck texas at a 5% cap!! they are fucked!

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  2. Prince Al Waleed Bin Talal
    Prince Al Waleed Bin Talal

    Me and my merry band of horse fuckers that’s who!

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  3. Dave Baris

    I am Santa Claus motherfuckers. Do you want one of my eight new cars I bought with all the gross I did on my SRS options.

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  4. Twitterpated by Obama
    Twitterpated by Obama

    Get ready to get poleaxed by your bearishness.

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  5. Jakegint

    FAZ, SMN, SRS, ERY, DUG, short XOM, short LFC, short VNO and short RIG.

    I’m on the phone to your fucking D/T-ETF’s Anonymous sponsor right now. Expect a severe tongue-lashing.

    __________

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  6. Chuck Bennet

    Hey Baris,

    I think Mrs. Baris gave me a hand job in one of those cars. Watch out for my man juice.

    Merry Xmas old man.

    regards

    chuck

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  7. Dave Baris

    How do you think I paid for the options? I was pimpin the old lady for a nice little profit. She’s open for more appointments if you are interested. I’ll lease her for an hour for one january 200 SRS call options.

    Merry Christmas to yot too.

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  8. charlie

    “Back then, there was SBUX, BWLD, GME, PNRA, CMG, and many others, gobbling up available space, effectively bailing out commercial Re.”

    Indeed, however I remember your CMG long play a few months back. Quite entertaining.

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  9. Gwar

    He does hate me. Nothing new though. I’ve known it for years.

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  10. BOTD

    3rd quarter 09 , commercial real estate dies!

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  11. ottnott

    Ask yourself a question: Who will fill the vacancies at the strip malls and tall office buildings, after liquidations are completed and corporations slash their head count and/or close up shop?

    Most of those spaces will be used to store the excess goods we will all be purchasing as part of the forced consumption stimulus program. The rest of the space will be filled with the processing equipment for Soylent Green production.

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  12. ottnott

    3rd quarter 09 , commercial real estate dies!

    SRS will finally pay off big time, rising from $0.08 in Spetember to $6.56 by mid December, almost enough of a rise to cover the taxes on the $26.41 of capital gains SRS will declare in late December.

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  13. Bernie Madoff is responsible for no Santa Rally this year and Hank and Ben let Lehman crash to set up a market crash. Ho Ho Ho.

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  14. Dinosaur Trader

    I’m expecting iBankCoin chains to start popping up everywhere…

    You can sell Monster energy drinks, Romanian goats and rainbow flags.

    -DT

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  15. Danny

    Fly has expressed no interest on impinging on your homo flag business or the burgeoning homo flag market. I wish you luck though DT — you could sell em by the bundle to tim knight, lil2rich, many others.

    But, I imagine it’s hard enough to tell someone you trade stocks for a living, let alone explaining the numerous looms around your house weaving homo flags 24-7, so if its a no go, I guess that’s life.

    I do see a Donny Deutsch guest appearance though. If you namedrop Howard on the shot, he will fax you a $1000 bill and give you a year of lifelock, free.

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  16. New world Order

    Fly, you’ve obviously never shopped at Bilderberg-R-Us…of course we only accept ameros.

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  17. Q4

    View To A Kill – http://www.youtube.com/watch?v=fsiBhQ60rJE

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  18. scum bucket

    Satan Claws back illusory interest gains in ’09.

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  19. Donny

    I want to say something off topic. I know it’s gonna piss off a few, but I really don’t care. So Fuck You in advance.

    The New York Yankees are the complete circus act of MLB. They are a disgrace and destroyer of their own resources, and they’re run by a couple of circle jerks, who never worked a fucking day in their life. This year more than any other year, I will enjoy watching the New York Yankees fuck things up, and miss the big game again. Chemistry more than makes a big winner in The MLB.

    The Yankees most recent fuckery in baseball:

    Mark Teixeira, eight-years worth $180 million. This coming after $161 million going to CC Sabathia over seven-years, and $82.5 million to A.J. Burnett five-years!

    Fuck You New York Yankees … Fuck You! I will be sipping red wine next Fall, watching other teams play in the World Series.

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  20. don

    Hey DT, at the great ibankcoin chains don’t forget the sandwiches.

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  21. TraderCaddy

    I am not sure if the Teixeira salary would have even covered the ’08 Tampa Bay Rays entire payroll.
    It seems the Yankees never learn.

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  22. '09 Prediction

    Sadly, base-jumping sans ‘chutes will become the rage in financial centers around the gloge in 2009

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  23. Juice

    I spent the afternoon in Greenwich CT, gathering data points from contacts on the ‘front lines’ there. Greenwich be hurting. They’ve tried to raise rents, once too many times. Store vacancies, not to be rented any time soon. Depressed fund managers moping around town with guns & ropes at the ready. Stories of Madoff & Dick Fuld bankrupting the citizenry. Retail off 20% at best, averaging off 40%.

    Good times.

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  24. another fuckn idiot
    another fuckn idiot

    there is only 1 way to fix the markets …and thats by exploring the use of the Bose – Einstein condensate in the worlds economy …for you dumb asses ,that means taking the markets to a few points above absolute zero which would cause massive liquidity

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  25. GW

    http://www.321gold.com/editorials/wiegand/wiegand122208.html

    Possibly harsh commentary, but realistic……the great unwind of ’09

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  26. Donny

    Juice-

    Same story, different coast.

    Things are so fucked up down here in The O.C., I don’t know WTF to expect. I know leasing agents that peddle office space all over Southern California, and it’s the same shit. We have way too much capacity in an economy that has been enhanced by too much gawd damn debt.

    I just think we are witnessing some unprecedented shit going on. Everything changes next year … be prepared for recalibration!

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