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
23,440 Blog Posts

31 comments

  1. Goin'Fawr

    So India’s only company of value was Satyam Computers? Well call me a bovine and feed me BSE.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. chicagobill

    can you say ‘saytam’?
    I am certain there is a second adjective to add to the investors dictionary (other being ‘madoffed’ of course)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. The Fly

    Fraud is global.

    “I think there is no future for this stock. This case for India is similar to what happened to Enron in the U.S.,” said Jigar Shah, senior vice-president at Kim Eng Securities.

    “It will not stop at Satyam. Many more companies will come into scrutiny like that. There is a strong possibility investments in India will be affected.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Ryan

    Alcoa cutting production and jobs. If people thought reflation had begun, then why is alcoa cutting, lyondell is bankrupt, Orange county starting massive county worker layoffs, the dollar is rallying, Gold is in a range, housing numbers continue to trend down (not even a break in the speed of the trend), oil sells for the same price as poo, and commercial real estate dun dun dun.

    Everything is losing value and the banks are still levered into the whole mess.

    I can’t believe you are long anything Fly. Maybe it’s just your more mature than me and can make dollars even on these cnbc head fakes.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. aumana

    The india etfs PIN, EPI, IIF, IFN, INP intact for now

    From the Cobra with unforked tongue: 13/34 ema on SPX:VIX

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. Danny

    Oh no…are all the clownfuckers from earlier are about to get served?

    Time to get elliot waved.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. The Chart Addict

    goddamn, look at the 5-day: http://tinyurl.com/9cu64j

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. The Fly

    Fuck!

    I was going to write a giddy as hell/cocaine bullish fable.

    Oh well.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. The Fly

    Can you SAY MADOFF?

    I crack myself up. I really do.

    RIM SHOT!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Danny

    Ah man.

    Here’s some TA I’ve been fiddlin’ wit’ for the last week or two:

    We broke out of 944 and 960 on the SPX to end the 2003 bear market.

    What level did we reverse from today, exactly? 944.

    What level will we never see again? 960.

    Godspeed.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Bob the Builder

    How much is the PPT going to cost. And is it ok if I purchase it using an 11 foot erection?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. dave

    He’s already got a dot on his forehead. How convenient.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Smut Peddlers begging for a bailout:

    These idiots can’t be serious. This business model ended with broadband internet video. If you can’t find free porn on the internet you are an idiot.

    From TMZ:

    ‘Joe Francis and Larry Flynt claim the economy has made America’s sexual appetite go limp, so they’re going to the one place where sex is always rampant — Congress.

    Flynt (the “Hustler” guy) and Francis (the “Girls Gone Wild” dude) are asking the government for a $5 billion bailout, claiming the adult entertainment industry has taken a huge shot to the face because of the downturn — citing the fact that XXX DVD sales are down 22% from a year ago.

    “With all this economic misery and people losing all that money, sex is the farthest thing from their mind,” Flynt says. “It’s time for Congress to rejuvenate the sexual appetite of America.”

    Francis sees his industry like the big 3 automakers, only BIGGER: “Congress seems willing to help shore up our nation’s most important businesses; we feel we deserve the same consideration.”‘

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. Made Off

    Small Ad

    WANTED:
    95 year old male. must have spare quarter of a billion dollars.

    Photograph prefered.
    Must be non smoker.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. Stuart06230

    http://stockcharts.com/charts/gallery.html?$nyad

    comments pls

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Woodshedder

    Stuart, your link doesn’t work. Make sure you use a linkable stockcharts.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Stuart06230

    Whoops, thanks.
    For some reason the dollar sign before NYAD keeps dropping out.

    so please make sure link reads $NYAD.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Jana

    “gets its curry eaten”

    You call it that, too? Here I thought I was the only one.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. sniper6

    Did I win the “fun-filled contest” yet? Where’s my prize?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. The Fly

    SAY all the way to zero.

    Good for them.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. TraderCaddy

    One foot into the Funnel.
    Developing.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. The Fly

    BTW, this is really bad:

    ECONX December ADP Employment Change -693K vs -495K consensus, prior revised to -472K from -250K

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Jakegint

    Interesting, SPX futes down, but so is the dollar index.

    Don’t throw away those commodity tickets yet, folks.

    __________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. Jakegint

    Fly, I’ve got SAY bid at 92 cent, but I could probably get you a good deal if you’re willing to go long in size.

    _________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. TraderCaddy

    Silver stocks on the radar for daytrade opportunities.
    NG has been on a tear since announcing an increase in financing- also raised to a buy by some Canadian group today.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. Sully

    Now all we need is T MOE to say “get in the funnel” for this to reverse on a dime this AM.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. Woodshedder

    Jana, love your blog. Trying to get the wife to read it too.

    By the way, had a girlfriend named Currie.

    The answer is yes.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. TraderCaddy

    INTC just announced bad news. Explains why it has lagged other chips the last couple of days. Inside info, as usual.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Jakegint

    SAY now at 82 cent.

    That’s not much curry.

    _____

    • 0
    • 0
    • 0 Deem this to be "Fake News"