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

Bottom Fishing the Stimulus Plan

[youtube:http://www.youtube.com/watch?v=Z2Zvz1v7Hig 450 300]

Indeed.

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101 comments

  1. Anton Cigur

    Yep, don’t think I’ll be buying that CX or ADSK today.

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  2. DEVILDOG

    # DEVILDOG Says:

    Just a reminder:

    # DEVILDOG Says:

    Just in case you all forgot:

    DEVILDOG the only one making this call:

    # DEVILDOG Says:

    The market is going to take a major dump first thing Monday morning and close near the lows of the day. Weak BEARS will cover 30 mins – hour before the close. I won’t. Tuesday same thing. BTW, I updated my new low to 1/19 last week, however, we may just do a slow cascade down until mid February. I’m not covering my 9/19 or 12/6 positions until we get a 6 handle on the S&P.
    January 9th, 2009 at 5:46 pm

    WRITE IT DOWN.
    January 12th, 2009 at 2:06 pm
    Click to Edit (2 minutes and 43 seconds)
    January 12th, 2009 at 2:29 pm

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  3. Sir Douchebag

    Guy’s got a pair unlike most of the biotches around here making after the fact calls.

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  4. Lady Guenevere

    Devil Dog where do you live? Do you still live back east?
    Are you retired from those two different VP positions?
    Are you a part-time trader?
    Do you have your own website?
    Do you play golf? or fish? hunt? sit on couch after sitting in chair all day?
    Do you live in the woods in the country with a stock pile of food guns and supplies?
    Who are you? The link on your name is always broken…

    .

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  5. TheArtist

    Devildog, I think Lady is trying to ask you out on a date?

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  6. Proshares

    If S&P gets a 6 handle, nobody will make money. Not even Devil Dog. Write it down. Nobody gets paid. Game over.

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  7. Henry Fool

    FLY:

    VCLK under 6.40 is looking like a nice average down price. Oversold or about to break down????

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  8. pn

    One of these days Devil Douche, POW right in the vagina!

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  9. The Fly

    Henry:

    Not buying more VCLK. It’s just a down long for now.

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  10. Lady Guenevere

    Artist if these questions imply to you that I am looking for a date with Devil Dog….you must really have some serious dating issues.

    He’s way to scary a person to want someone with lace and champagne.

    I think his type would wear GI Joe Army boots and be able to skin a bear with her pocket knife.

    Just trying to figure out what makes him such a rascally rabbit

    .

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  11. mdawsz

    It’s all over except for the crying.

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  12. Q

    Fly – is your pic up anywhere? I would love to put a face to a name.

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  13. Darius

    “with her pocket knife”

    Awesome.

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  14. TheArtist

    I think I’ve gotten Lady blushing!!!!!!!!

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  15. Juice

    Tough times harken back worlds oldest profession.

    DevilDog … can ya spare a couple mil?

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  16. Nazrul

    Lady G = IQ 65

    Probably a good match for DEVILDOG

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  17. TheArtist

    C is holding below 5.75

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  18. Lady Guenevere

    Artist, I picture DD not having time for women. I picture him spending his free time not in a game of golf or dinner with a lady but instead buried in a mound of survival magazines and ordering survival stuff off the internet.

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  19. mdawsz

    C is a turd.

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  20. Rally Monkey

    It’s…

    oh. well then.

    Any chance I could pick a brain bout some EDZ? Cuz I’m typically more proficient at breaking open small nuts…

    And certainly, these nuts are huge. Bout to bust, in fact.

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  21. sniper6

    Anton, I’ve got 400 CX that I’ll give you a deal on, if you change your mind.

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  22. DEVILDOG

    Proshares, you’re wrong…I’m getting BIG time paid. The game won’t be at bottom until S&P 150. I will take all the money. I told you before I’m in it to WIN the WAR.

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  23. DannyBoy

    C down big? Must be the shorts………

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  24. Mushroomz

    I’ll take 100,000 HOGS, @ MKT

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  25. TheArtist

    I ment to use the word “falling” not holding…. sorry….on citi…

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  26. jig

    devildog reminds me of gary busey from black sheep.

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  27. Goldie

    Watch out. Obama talking..
    Edit..
    No biggie

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  28. Freddy Krueger

    Market may reverse from here…

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  29. Left Wing Loon

    The Messiah didn’t use the phrase “the worst financial crisis since the Great Depression” as he usually does when talking about the economy.

    That’s confidence inspiring. Buy stocks.

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  30. DEVILDOG

    Lady,
    I’m 55 years old. I’ve been married to my college(VA TECH) sweetheart for 28 years. My only son is a college sophmore. I now live in Montana, formerly in Dallas. I’ve been a full time trader for the past 5 years after retiring from the corporate world. My motivations right now are to use my money to help create a viable 3rd party in the USA to throw out the corrupt reps and dems and abolish the fed and establish a government for ALL the people and one that follows the Constitution. I guess I’m a “peaceful” revolutionary. However, I believe the current corrupt power brokers deserve a very harsh punishment and an ultimate residence in Hell. I also support Wounded Warriors since our government does not take care of them.
    My hobby is road racing.
    That’s it.

    How about you?

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  31. Freddy Krueger

    This crisis is manufactured, dont forget about that…

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  32. DEVILDOG

    Closing at day lows, the bounce is done.

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  33. TheArtist

    The Fed has already backstopped Citi with 300 billion over losses in mortgage bonds……..and they are still in bad shape…… I honestly see citi being the number DJIA component to help bring the index to its knees……I cannot see any blue skies anywhere ahead from here……”di did you see the frightened ones, di did you hear the falling bombs, the flames are all long gone but the pain lingers on…” goooood by blue skies, good by…..

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  34. Freddy Krueger

    You are not the market, DevilDog, wake up…you were wrong for 6 weeks straight.

    Mr Market does what he wants to do.

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  35. Lady Guenevere

    DD thanks for that bio.

    Ross Perot tried to get a third party going and that fizzled out without a ‘figure-head’ to keep the party alive. It takes more money than God to get a viable third party….they dont even let those guys debate.

    I got the Montana idea right as I felt like you lived out west Montana, Wyoming, Dakotas. Not really a ‘ city guy’.

    Good luck with the third party… do you have a website for this movement?

    As for me….no way in Hell I am putting anything on this blog about me…vultures just love to tear apart anything you post.

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  36. The Fly

    The crisis is NOT manufactured. No tin foil hats please.

    Economies peak and trough. We are in a downward spiral.

    Nothing new.

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  37. The Fly

    “The Fly show” will be coming soon to a youtube near you.

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  38. TheArtist

    come on Lady, Devil opened up time for you too also…..no excuses, we will all behave……

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  39. Donny

    Death to CitiBank!

    Death to China!

    Death to Exxon!

    Death to Dip Buyers!

    Death to Crude!

    That motherfucking Exxon, has got a day of reckoning coming. The fat bloated Oil Co’s can only defy gravity, and attract dumb money, for so long!

    Kill’em all!

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  40. ottnott

    Q Says:
    Fly – is your pic up anywhere? I would love to put a face to a name.

    There is no known photograph of The Fly. The best we have is a surveillance photo taken just minutes after The Fly left the site. The photographer did not survive: http://4.bp.blogspot.com/_k8aeamVo2JM/R6x9kLb9swI/AAAAAAAAAMY/ydZJHth5I48/s1600-h/pctoilet.jpg

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  41. TheArtist

    ottnott, that photo is great….

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  42. Lady Guenevere

    Someone IS BOUND TO HAVE a picture of Sr. Fly

    He has a bunch of servants working for him, just give them a few peso’s for a cellphone pic.

    Since hes the tender age of 32….I am sure his Momma has some photos.

    .

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  43. I Cry BullSHIT

    Bought FXP againn this morning, I hate this MFER, but I can’t stop myself. Somebody please validate my dumbass for doing it.
    DevilDog I don’t think ProSahres means you are not making money on paper, but S&P 150, who the hell is going to have any thing to fucking pay, unless it is in lead.

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  44. 4fl3x

    Nice sells this morning Master Fly!

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  45. Henry Fool

    VCLK volume

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  46. Proshares

    I Cry BullSHIT is smarter than most. Men with big guns and lots of ammo will get paid. Men with big paper gains will throw confetti hissy fits.

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  47. Rally Monkey

    I’m gonna put in an order for 1000 shares of DD.

    Let’s talk stocks maybe.

    Ur face

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  48. Henry Fool

    Fuck all this bearishness!
    Long term I love the bear case but this week resolves bullish.
    unless it doesn’t.

    long: AVAV AIPC LOPE VCLK

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  49. TheArtist

    you want to talk stocks?
    o.k.

    next stop for BAC is 8.50

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  50. gamingthemarket

    Crisis in the 21st century is the evolution of decades of refinement in psychological warfare–shock doctrine. Americans want to believe it can’t happen here. People in the United States will do well to understand Argentina’s banking failure in December 2001.

    Our Engineered Market Meltdown: Part 2
    http://www.gamingthemarket.com/2008/10/our-engineered-market-meltdown-part-2.html

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  51. Juice

    DevilDog has in own NWO in mind. He’s got my vote.

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  52. ottnott

    In the New World Order, everyone will have their own New World Order.

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  53. The Fly

    “The Fly” wins Again.

    Surprised?

    Amazing isn’t it?

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  54. Joey Bag O' Devil Dogs

    Continued weakness 30 minutes from the close. Who knew?

    Devil Dog!!!

    P.S. Never forget what dog spelled backwards is.

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  55. ottnott

    Working 4 part-time jobs = HANS goes to $140.

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  56. T MOE

    The Partnership is melting. Fuck GS

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  57. TheArtist

    Citi……selling their prime gem, Smith Barney…….it is the equivilent of having a car that you need to get to work, but need money so you sell the engine out of it…..yes, from the outside you still appear to have a car…..but you are no longer showing up to work…..and no longer receiving income…..

    Citi is on the way sliding down a steep hill into a pile of goat turds…….

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  58. Braveflaps

    I Cry, you are hereby validated. Next time ask for complimentary car wash.

    And from Marc Faber:

    I am far from certain that US equities, which have declined by about 50% from their highs, are such a a bargain. Valuations are far from where they werea at major market lows such as in 1932, 1974, and 1982. Moreover, economic conditions may turn out to be far worse than in previous recessions, including the Great Depression at the beginning of the 1930s. Everybody seems to think that, thanks to the government’s monetary and fiscal interventions, this recession will come nowhere near the 1930s slump. However, I think it might be far worse – and precisely because of the interventions.

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  59. Danny

    The DD Timing indicator:

    When people talk shit on DD, go short (circa 920-940). More comments = more short

    When people praise DD get long. circa around here – 850

    How many of you IDIOTS were long above 920? Talking shit to me, and TONS to DD?

    I was massively short at that level, covered too early 904! Stayed in though with new TWM, TZA, SKF, GS, (plus watch C for tell alert) Banked massiv coin!

    NOW all you fuckfaces are screaming get short.

    HAH!

    Fact is we may go lower, but since you guys are all gung ho we go higher. Funny how that works.

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  60. Rally Monkey

    Artist: I agree, except for a possible layover at the new WFC headquarters

    But yeah, all of the financials are 1st car…

    … maybe stocks are boring.

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  61. goldie

    ~Danny
    Exactly

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  62. Deviled Egg

    That was quit a closing rally no?

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  63. Freddy Krueger

    OOPS, no lows

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  64. mdawsz

    I was short all day and covered near the lows, fuckface!

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  65. Danny

    Goldie – def not complaining bout it, it makes my job easier!

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  66. Braveflaps

    I propose an IBC house band: THE FUCKERY.

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  67. The Contractor

    Danny is a master of psychology.

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  68. ottnott

    Dead cat has to land before it can bounce.

    From Brad Setser: http://blogs.cfr.org/setser/files/2009/01/korea-and-taiwan-11.png

    More charts and his commentary here: http://blogs.cfr.org/setser/2009/01/11/this-really-doesnt-look-good/

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  69. Mr Market

    “Closing at day lows, the bounce is done.”

    Once again…DEVILDOG is dead wrong. Write it down.

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  70. TheArtist

    would THE FUCKERY be a 3 man band or a quartet?

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  71. MOOBER

    I bought 1000 BGU at the close for the hell of it.

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  72. goldie

    You call that an EOD rally?
    I call it shorts taking monster profits.

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  73. Employee8

    down 125, low of day?

    So Danny made a few hundred …. meh

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  74. DEVILDOG

    Weak bears out stupid bulls in. Tomorrow will be the same thing except we will close at day lows. Mr Market I hope you’re one of the stupid bulls. I’m holding for a 6 on the S&P so I don’t care how much the PPT buys at daily inflection points on the way DOWN. I’m just watching my accounts go greener and greener. In the end my NEW LOWS will happen and I will bank BIG COIN. I will WIN the WAR.

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  75. Lady Guenevere

    Come on guys……

    http://www.youtube.com/watch?v=Yop62wQH498&feature=related

    .

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  76. T MOE

    Damn what a good day for T MOE.
    SRS, short GS, short XOM, short COF, Short SPY

    This is for GS and all the rest of you bulltards:
    http://www.youtube.com/watch?v=1ID0lqRTBWc

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  77. DEVILDOG

    Mr Market, I missed your calls recently. When did you last step up and make one? You didn’t. So what do you know…NOTHING. Fuck off chicken shit.

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  78. T MOE

    More blood this week. Even though we did not close at the lows things looked really weak today. Total Absence of buyers.

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  79. Freddy  Krueger

    Market didnt close at the lows, it bounced from lows

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  80. DEVILDOG

    mdawsz, perfect example of a WEAK bear. I hope you get left behind on the plunge DOWN tomorrow. I hate weaklings.

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  81. MOOBER

    The Fuckery would be a five piece, in the style of The Black Crows if you ask me:

    http://www.youtube.com/watch?v=C7gIRovO0pQ

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  82. DEVILDOG

    Freddy, keep buying and losing with mr market. BTW, I was right today. When do guys like you and mr market actually make a call? All you cowards do is comment after the fact. I’m not impressed or inspired by your lack of courage.

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  83. ottnott

    Would MOOBMOOBER be the double-inverse BOOMER?

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  84. TheArtist

    The chickenshits have frozen trading in AA…….

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  85. Freddy Krueger

    DevilDog;

    Look at the mirror, Mr I BEEN WRONG FOR 7 WEEKS STRAIGHT , SO I KEEP MOVING THE DATE FORWARD SO I CAN BE RIGHT

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  86. ALLPROz

    For those of us here who have been successfully using the DevilHog indicator…he’s back…place your bets…

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  87. goldie

    Freddy,
    Devildog has stated he is in for the big collapse, and has been short since mid-september. I know he talks his book everyday but don’t we all?

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  88. Braveflaps

    The Fuckery would be a massive marching band capable of crushing all parades on Wall Street and Pennsylvania Avenue.

    It would be led by the greatest parts of the greater than the sum of their parts bands like Zep, ACDC, PJ, Band of Horses, My Morning Jacket, Tenacious D and, yes, I will take the B Crowes plus early (very early REM).

    They will rock and destroy like Iggy.

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  89. Freddy Krueger

    DD,

    How many times i have to say the market NEEDS to go down?? Go in the archives or maybe you got Alzheimer’s Disease…

    Market needs to correct, its a cycle and the cycle is DOWN for the short term.

    Goldie
    I know, im a short term trader 3 days to weeks.

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  90. goldie

    AA loss 1 Billion. Is that bullish????

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  91. TheArtist

    Who will open for THE FUCKERY?

    we’ll have to suggest that iBC creat 2 house bands, one opening act, one main act……

    The opening band shall be:

    THE JALAPENIE WEENIE TRIO

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  92. Danny

    E8 – yeah, me and my 10 share buys of TWM, ya caught me.

    MORON.

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  93. ALLPROz

    I believe this link explains DevilHogs theory better than his words….

    http://clusterstock.alleyinsider.com/2008/11/likely-s-p-500-bottom-600-down-40-from-here

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  94. Freddy Krueger

    I shouldnt even argue…im down less than 1% today after being up 45% plus last week…

    I guess im getting greedy…time for my Prozac

    Im out

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  95. Joey Bag O' Devil Dogs

    The DevilDog lifts his leg and marks his territory on bulltards.

    Bulls are fire hydrants in the Dog’s world.

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  96. Jakegint

    Brad Setser plays some mean rockabilly guitar, too.

    __________

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  97. MOOBER

    The opening act is “Asshat.” They are based out of the Bay Area.

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  98. Jakegint

    Flaps!

    My Morning Jacket!

    Cards represent!

    ____

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  99. Braveflaps

    Opening acts should be from the Braveflaps’ Yukon-based label.

    Weiner Flavor.

    Or Shiverpiss.

    Take your pick.

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  100. Braveflaps

    Or else the third band on the label – I before E, except after C.

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  101. godlived

    long live fly

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