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
23,446 Blog Posts

Shorts Slightly Castrated in Early Asian Trading

They pedal very fast on their stupid tricycles, while listening to podcasts of the meatball thrower: “The Great Roubini.”

They go to iBankCoin and leave disturbing messages, such as “STFU, NEW LOWS SOON!!!” And they even offer to suck their own cocks, in exchange for meaningless approbation.

They frequent gay bars and make friends with local coin collectors.

These people I speak of reside near the bottom of proverbial trash heaps; and they eat old mashed potatoes for breakfast. They are so fat and gluttonous, their burlap shirts rip through felled seams. When they log onto their bullshit trading accounts or browse the internets, they make clumsy typing errors because their fingers are too fat and stupid.

The monstrous creatures I speak of are being “slightly castrated in early asian trading,” as we speak.

Stay tuned.

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49 comments

  1. MasterDebater

    Asian longs are god.

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  2. JakeGint

    “Slightly castrated?” What, like Lance Armstrong?

    __________

    I don’t know if you get this “Reelz Channel” on your bullshit Cablevision System, but they are showing “The Flamingo Kid” right now, which is a classic of old Crooklyn.

    It was filmed in Breezy at the Silver Gull Club, if you are familiar… you were probably about eight years old at the time.

    _________

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  3. J

    These shorts seem like very unclean people, FLY. They are dirty and smell.

    I honestly don’t know why you even let them on your site.

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  4. yo yo yo

    let’s get a new Fly video out. your slackin’. Entertain me court jester.

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  5. Tim Knight

    HOGAN!!!

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  6. Letterman

    Best interview I’ve done in awhile!

    http://www.huffingtonpost.com/2009/02/11/joaquin-phoenixs-bizarre_n_166229.html

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  7. potatomuncher

    Gimme a hacksaw and a few rubber bands, I’ll gladly complete the job!

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  8. jg

    fig dammit. fugg everyone else.

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  9. Goldie

    Congratulations are in order!! I just made my last mortgage payment!! I still owe about 175K but fuck it, my favorite uncle got me covered!

    This country needs an enema.

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  10. MoneyBags

    It’s completely off the topic but let me say this…

    CronKite rocks!!

    And Fly sure knows how to build a website!!

    Having said that, ERX is way to go(for now) not ERY.

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  11. GW

    Bears are weaklings from the Planet GAY !!!
    Greetings earthlings we have no balls.
    The World is coming to an end and we covered shorts today because we are GAY ! Like your trusty Richard Simmons Chilling With Rue Paul…

    So what they buy some lousy mortgages. What about the alt a and option arms bitches.
    Is Obama going to buy every ones mortgage ? Maybe I’ll stop paying mine.

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  12. RC

    Ditto the Cronkite comment.

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  13. Donny

    The current PermaShorts are left fighting for the scraps, and will eventually be deBalled in a vicious way. The big money was made last year when the Dow dropped from 13,000.

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  14. J

    Donny’s eight. The big/easy mullah was made from 13,000 down to 8000.

    The current shorts are ugly dwarfs that are going to become even shorter.

    Hey Fly

    isn’t it about time you did one of those threads visually describing the ugliness and sheer monstrosity of the shorts. Do one by popular acclaim. The readers demand it of you.

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  15. Tampa Trader

    Cronkite a great add…..China is the invisible hand in the market…they are going to be buying gold to hedge exposure to the printing presses running 24-7……their purchases of gold will create pricing anamolies to the upside and likely a bubble. That is what will decouple….no matter what happens to stocks and credit, the Chinamen will be buying gold with their invisible hand. When gold moves up and there is no logical reason, remember Beijing. I am not a gold bug and think many who buy gold are deluded survivalists, but I do buy what China buys (oil pre olympics, gold now) and sell what China sells (oil post olympics) and am along for the ride with the Chinese as they take gold higher. Under almost every scenario, you can make a case for gold….deflation gets worse gold is a flight to safety…reflation/inflation gold as a hedge. My thought for the night. Good luck.

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  16. MOOBER

    Re: “slightly castrated”

    True story:

    In college I was on the mountain biking team. I was pretty good at that shit back then. I was riding above Ft. Collins, CO near Horsetooth Reservoir, when I made an unfortunate error. My bike and I departed the trail at a high rate of speed. Unfortunately, I departed the single track trail just as I was passing a 30 ft sheer drop. Oh oh.

    Fortunately, my bike and I were stopped about 8 ft down by a mature pine tree. Unfortunately, my bike was driven into my crotch where the stem tore open my scrotum and spilled my boys into my biking shorts.

    I hiked out, drove myself to the hospital, and had ’em sewn back in. Boom. Just like that.

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  17. PoorOkie

    Moob, that’s the most fucked up thing I’ve ever read!

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  18. manatrader

    JESUS! That was the lucky outcome?

    Hope it’s not too soon to make a joke about market “castration cyles”

    That is not funny..

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  19. MOOBER

    Apparently I made a phone call once I got to my car, of which I have no recollection. I called my best friend, K.

    “Hey! K! What are you doing?”

    “Blah blah…you ok? Why are you wheezing?”

    “Yeah. I’m just a little dizzy and nauseated. I think I’m bleeding. [insert nervous laughter] Gotta get a coke. I’m thirsty.”

    Click.

    I wore a padded diaper for 3 weeks.

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  20. sleepynaptime

    Moob,

    Your post makes me want to wear a cup just sitting and typing at the computer. Hell, I’m going to wear two.

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  21. Thunderpup

    Jesus H Effin Christ, Moob, that is one of the most bizarre stories I’ve ever heard. I’ve probably ridden my bike down the same Horsetooth trails you did, making it more bizarre. Didn’t know modern medicine could do that. Congratulations on having the wherewithal to collect your balls and get them back on.

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  22. Thunderpup

    When did everyone turn into raging bulls, anyway?

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  23. InternationalGroupie
    InternationalGroupie

    AGU and TRA are the best trades for a declining dollar (temporary reflation trade, candlesticks on TRA imply short’s frenzy to hold resistance)

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  24. Damon

    Last time I cruised through here, China was all the rage…get long China and the FXI?

    You commie-lovers don’t want those Chinese homo stocks anymore?

    How about that MOS? $31 to $36 to $31 to $49 to $39…that stock is a nice, predictable,
    turd-roller.

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  25. The Fly

    CRONKITE!

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  26. 308

    maybe it was all over CNBC, but i missed this story on MSFT opening retail stores…

    http://www.marketwatch.com/news/story/Microsoft-hires-Wal-Mart-veteran/story.aspx?guid={497267BA-7CE0-4E04-8640-781FF2FD7F56}

    MSFT should be taking over the world somehow, with all of that money to throw at seriously talented people etc. I just can’t see their game plan.. always seem a step behind aapl now..

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  27. Henry Fool

    Now, heads of state who ride and wrangle
    Who look at your face from more than one angle
    Can cut you from their bloated budgets
    Like sharpened knives through chicken mcnuggets

    (Shut the fuck) up
    Yo, shut the fuck up
    (Shut the fuck)
    Right, right, learn to buck up
    (Shut the fuck)
    Right, shut the fuck up, hey, ho
    (Shut the fuck)
    Now, now learn to buck u

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  28. Henry Fool

    Fly you were right on VCLK they’re doing okay. decent number.

    Moran said he sees strength in two of ValueClick’s segments, affiliated marketing and technology, which did relatively well in the quarter.

    “Affiliated marketing is very much a performance-based customer-generation type of format, and so advertisers are very interested in trying to bring in customers at reasonable price,” he said.

    Affiliated marketing accounted for about 21 percent of ValueClick’s fourth-quarter revenue.

    Shares of the company rose to $7.50 in trading after the bell. They closed up about 4 percent at $6.72 Thursday on Nasdaq.

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  29. 308

    VCLK for what it’s worth:
    Citi tonight reits hold and raised trgt to $8.50 (from $7.50)

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  30. mama

    I woke up from my nap down at the bottom of the rubbish heap and I am wondering why the brilliant talking heads at CNBC keep referring to Roubini as “Dr. Doom”. Seems to me that they should be calling him “Dr. Correct”, but what the fuck do I know down here at the bottom of the heap.

    During the last year all the heads mocked anyone who warned that the markets were in systemic trouble. Now that the market is down and we have a new and untested wiper snapper in the White House the heads are mocking still. Talk about serious shit heads. I say go ahead and buy. Personally, I will stand aside and take smaller positions. That is, not make as much in an up market but still have some wealth left in a down market. Need a loan? Fuck You, this is my money and you lost yours chasing a rally.

    Or you can shout it out, “Mama is wrong again”.

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  31. pfft

    CRONKITE!! 3.6 mil? is that breaking news? yea, i know. anyway, BUY IT ALL! NO FUCKING KIDDING, BUY IT ALL. unfortunately for you, you wont. so sorry.

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  32. omfgitsjd

    Rub wasabi paste in their nose and kick some bears down the stairs today.

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  33. J

    Yen is breaking higher. I added another unit to my position now. I’m looking for 93ish. I also raised my stop.

    If this pos works out I’m aiming to take 100G out of it unless of course the Dog says something to fuck with my head.

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  34. Ass Napkin Mike

    CRONKITE is GOD.

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  35. J

    Can I suggest something : For those that play currencies the Doll yen trade is potentially the best trade of the month and could make some decent money.

    If the G7 give the Japs the go ahead to intervene and even in unsterilized fashion this thing is heading to 100 without any trouble at all.

    The other thing I picked up is that the Japanese have actually become long of Yen to the rest of the world whereas previously they were very, very short of yen.

    There could be a lot of easy money on this trade.

    put the stop below 90.

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  36. InternationalGroupie
    InternationalGroupie

    The japnaping folks aren’t there to intervene, their new political pressures won’t allow such moves.

    Although yen is extremely overbought and would be sold once risk appetite (returns LOOK safe and attractive enough) resurfaces.

    I for one, know that this is a SLOW process, so hold your nerve in the rollercoaster. For now, we are heading towards more risk appetite, but if the Fed’s signal that they won’t be buying T bonds in the future, well that may renew yen and usd bids for the cash king safehaven (aka risk aversion). We all know that its futile for Feds to buy T bonds, but if they took it off the table, well they are saying that they would allow the supply shock of the t bonds to influence bonds, thereby fundamentally raising yields, and therefore raising the value of Dollar against Eur, Aus, Nzd, Gbp

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  37. J

    “The japnaping folks aren’t there to intervene, their new political pressures won’t allow such moves.”

    You mean the fact that corporate japan is in the ER. that pressure?

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  38. InternationalGroupie
    InternationalGroupie

    I have looked through their central bank balance sheet and have talked to good contacts, they only had one way of an indirect influence (foreign withholding of currencies with affiliates) which they already spent (by selling most foreign currencies in the open market) . Not to go into further detail, their export based industry would still suffer, however, they are all extremely well funded and can survive off cardboard paper for years. Their central banks can always introduce new lending programs that buy bonds for cash. So, if they wish to protect their exports, they have enough bullets. Another thing you have to consider is the population age factors, which is an aging population with low growth for decade. From what i can tell there is no pressure on the policymakers as it did in the 90s to act. Another factor to allowing the yen appreciation is that it reduces import costs, thereby reducing the cost of living for most consumers, whose high net saving (by comparison to the world) is more than enough for their safety net. Of course, the doom and gloom influences their spending patterns, therefore they won’t feel rich but by comparison to the world they are.

    And japanese central banks know that its futile to present mass speculative inflows into yen, therefore it better to intervene with programs that like the one they recently introduced that purchases paper, thereby putting pressure on the yen appreciation speculation. But they won’t do direct intervention, only indirect central bank’s schemes.

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  39. InternationalGroupie
    InternationalGroupie

    Anyways, i am agreeing with your yen depreciation however, yen will remain in a trading range for the few months. If your into short term trading then yes yen will drop a bit, but theres the likely hood of further equity pain in the summer which will appreciate yen again.

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  40. TraderCaddy

    Excellent use of imagery in this post Fly.
    I gave it to my wife to give to her 4th graders as an excellent writing sample as they prepare for their writing FCAT (Statewide writing test).

    Update. My wife said no due to the obscenities. But she did say she would give Fly a 5 on a scale of 1-5. So Fly would pass.

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  41. InternationalGroupie
    InternationalGroupie

    Is Cronkite a human slave? He’s up all the hours posting news. Maybe he’s a smart computer.

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  42. J

    IG

    I’m just looking for a trade. I don’t contemplate holding a short yen position until the summer.

    I’m not sure you’re reading the picture well over there. Even in the worst of the 90’s depression, japan still was able to rely on exports. This time they can’t because it’s the lack of exports bringing them down.

    So this reminds me of the 70’s when they weakened the yen with a short sharp shock.

    Currency intervention is also a cleaner way of performing quantitative easing.

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  43. sniper6

    The Snipette was watching C.S.I. last night, and one of the people on the show called someone else an “Asshat”.

    Indeud.

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  44. sniper6

    think I’ll pick up a handful of TEX long premarket, $9.60ish, looking for a quick scalp.

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  45. pine tree

    oh man, I got Moober’s ballsauce all over one of my branches, hope it rains soon

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  46. New Michael Lewis in Bloomberg…

    http://www.bloomberg.com/apps/news?pid=20601039&sid=aZruAW7s2eLI&refer=home

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  47. sniper6

    huh- glad I waited on TEX- that could’ve sucked.

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  48. Joe

    “New Michael Lewis in Bloomberg…”

    What a cocksucker this Michal Lewis is! Is he related to that hillbilly Ken Lewis?

    People don’t want YOUR money MOFO. They want their OWN money. If you can do it on your own and don’t have to come to PEOPLE every three months for more money than you can keep all that you make. What you suggest is CRIME not capitalism. This “we deserve to steel/rape everyone” attitude b/c we run these large institutions is what fucked you up in the first place. And before you so indignantly blame the little schmuck who got a loan that was above what they can pay, think about your 30:1 and 50:1 leverage you took on based on some fantasy models concocted in some prestigious universities by “brilliant” mathematicians who can’t tie their shoe laces.
    Fuck it, bring on STALIN for a year and ERADICATE these cocksuckers.

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