Yes I know, we are 1 month behind. It’s rather fashionable to be delinquent you know.
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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
23,433 Blog Posts
The Fly is God.
academy award nomination for short film extraordinaire
Gold.
This “Fly” has a more masculine vibe, aka brassier balls… could it really be??
Fly can you throw the transcript up on IBC or PPT. I can’t stand Lewis teflon motherfucker
Ken Lewis and Nancy Pelosi should get together and have little Botox babies.
Baffo film.
Three thumbs up.
So which is your real voice, this video, or the others?! Sounds completely different! Thanks Fly, good job as always…
You know, this monthly asshat series may have the potential to become a cult classic over time, but only if it stays right at the level and doesn’t become over produced. It has that underground flavor. Too bad someone bleeped out the correct english terms.
Asshat of the month: Obama
On more important less homofied things, Fly what ever happened to that gang we were gonna form? I live in the city of gangs and think its time to fucking start one up. We need to take up arms now and start living ghetto fabulous…..
All this and we haven’t hit trading curbs yet.
Yes. I would like to join a gang.
Oldman and I can be in charge of recruiting at The Villages.
The gang can drive around in Hoverounds and raise hell on the shuffleboard courts, refuse to attend the early bird specials until at least 5 PM, and set up a Mexican Viagra distribution ring in the community center.
Is this place da-shit or what.
Fucking outstanding. Hideous grotesque faces carved into a mountain composed of shit and beef fat.
True Dat!
The PPT is causing a rift in space-time. Enrollment must be closed immediately, or the Celestial Asshat will be loosed from its lair of dark stars at the edge of the universe. The sky will turn red, the ground will tremble, and a voice will roar “WHO is giving all these LITTLE TINY FUCKERS an EDGE in my market!!”
Nice Robe Hef
Funniest one yet
Will “The Fly” succeed?
Yes he will indeed!
98 and 3/4 percent guaranteed.
Yes! A new and amazing episode of The Fly Show!
Incredible my friend, incredible.
We need custom Louis Vuitton tops on our whips and some gold Dayton’s while rocking some dirty beats. Hittin switches and slappin bitches is our motto! Grab yo heaters and mount up, we’s about to move some weight. We riddahs homie.
Now that’s classy stuff.
Check out the difference in the Marines response to two different Presidents.
No comment other than I find it interesting.
http://www.youtube.com/watch?v=xIHz5tevLAw&eurl=http://therealrevo.com/blog/?p=5019&feature=player_embedded
HOLY SHITTTT!!! ROFL!!! PIXAR CGI-LASER-EFFECTS MEETS AL PACINO OSCAR PERFORMANCE.
GOLDEN-GLOBE-WINNING SCREENPLAY WRITTEN BY THE FLY-STER, I IMAGINE.
BRAVO, GENTLEMEN, BRAVOOOOO.
I vote for Edward Liddy for the Feb asshat of the month award. How the fuck do you lose “62 beeellionnnnn dollars?” — dr. evil style
Great video Fly. That actor just keeps getting bolder and bolder….
.
Marines are smart people. You think they don’t know he is against everything they stand for…
Marines are also smart enough to understand the different context in which the two different events are held.
Classic shit Fly.
TraderCaddy – WOW! Thanks for posting that – it gives me hope.
DevilDog’s new lows prediction finally became correct but his timing always sucked. Now the “Bank Plan” is being partially revealed again. Stuff like give hedge funds low interest loans to buy some of the crappy packaged loans. In other words, bribe private investment to do what it would not otherwise likely do and if there is no downside, why can’t I have one of those low interest government loans?
The Fly Show has definitely improved.
FUCKING nice video. Bravo.
I like the change up from the old Fly. That being said, the tradition should continue and the Fly’s stand-in should change every episode. Next time, hire an Indian cabbie.
New kid on the block II, even the CNN anchor takes note of the “tepid” response.
Pretty sure that’s the same guy. Some voice modulation going on.
Still not the Fly.
Sigh.
______________
As far as the video with the Marines, it’s two entirely different settings. Informal in the field in one, and standing at attention on base in another.
By the way, I’m not trying to take up for Barack, just pointing out the apples to oranges comparison.
Always good to be aware of what might happen should we get sucked into an alternate universe where Marines with time machines select our President.
call me old fashioned but I like your written posts much better… it just sinks in much better and leaves more to the imagination.
T
I can post them too if you like.
OEW Weekend Update:
With new bear market lows achieved this week, Intermediate wave 5 has reached the minimum required to end this last wave before the Primary wave B rally. When examining the internal wave structure of Int. wave 5, we can count 5 waves down from the early Jan 2009 high. And the end of waves we often look at several technical indicators for guidance. First there is always an OEW pivot at the turning point. The market closed right at one on friday, SPX 734. This is the same pivot that provided support for the Nov 2008 low. Just below SPX 734 are 717 and 696. Second we look at Fibonacci relationships. As posted last weekend support appears between SPX 680 to 725. Next we observe momentum on all timeframes to look for divergences. In this case positive divergences since it is a downtrend. Currently positive divergences are appearing on all timeframes, and the monthly timeframe is the most oversold it has been for the entire bear market, extremely oversold. In summary, much of the technical evidence supports an upcoming significant turn in this bear market.
Monday’s OEW Update:
Heading into the close traders pushed the SPX under 700 momentarily, and the index closed just above 700. From these extreme oversold levels we should see some sort of rally soon. Then it will be up to the market if it holds this 696 pivot. The next pivots are at SPX 644 and 604, a long way down from current levels. The count remains the same as posted over the weekend. When this downtrend ends we should witness a very good rally.
In OEW terms, Minor wave 5 of Intermediate wave 5 of Major wave C of Primary wave A is now in the process of completing. When Primary wave A does complete we’re expecting a substantial bear market rally, possibly retracing 50% of the entire decline. This is exactly what occurred during the 1929-1932, 1937-1942 and 1973-1974 Cyclical bear markets: a 50% market decline followed by a 50% retracement of that decline.
Interesting non-action by the Reserve Bank of Australia.
they left interest rates alone at 3.25%.
The commentary was very interesting also. they said that recent fiscal initiatives by the Federal government has basically provided enough stimulus to the economy going forward. Our stimulus weighed on population is about the same as the US.
Recent stats here have been on the slowish side but pretty good.
I bought Aussie against the Yen and Euro looking for a decent rally.
However it’s not a play to stick with long term and if the stock market falls again today abandon ship.
Mount Asshat? Isn’t that what Wall Street is called nowadays??
FLY –
once again, thank you for your trust. I have started to post in The Peanut Gallery…maybe one day I wont be nut anymore…thanks
I also vote for the written word. Video is funny, but reading it is better. Much more sophisticaited (sic)
@DPeezy: “Mount Asshat” is what Mr. Market is doing to the Buy-and-Hold asshats
sweet.
What’s up with that dude’s voice? It sounds like he is speaking through jelly.
The only way this market gets a rally is from short covering. We are the only ones with the balls to buy on declines like we have seen in order to take profits.
Good Morning Vietnam………..
Soon might be, Good Morning North Korea, (part 2)
Here we go with more asshats on CNBC calling the bottom. Will they ever learn?
John “American Psycho” Thain
+
This rally is already looking sick.
I am recommending a short of DTO .. it could go to 300 but I think it will also go the way of SRS, from 300 to 50, eventually. All double etf’s go to zero, eventually. Short’em while they’re hot!
Freaking Fed is in the consumer lending business now.
Hey, I’m applying for a credit card from the NY Fed..
WASHINGTON, March 3 (Reuters) – The Federal Reserve and Treasury Department on Tuesday announced the launch of a lending facility for consumer-backed debt that they said potentially will generate up to $1 trillion in lending.
They said the New York Federal Reserve Bank will lend up to $200 billion to owners of triple-A rated asset-backed securities supported by new and recently originated auto loans, credit card loans, student loans and government-guaranteed small business loans.
In an announcement, they said that consideration was being given to allowing a broader range of assets to to be considered as backing for asset-backed securities that would be supported under the program at a later date.
Still holding strong on my GS shorts. It looks mighty weak in this up tape
Bought 10,000 JSDA 1.20
VNO getting fucking hammered over the last few weeks. Down again today. Commercial RE is fucked
Bernanke: Part 427 = blah blah blah blah blah blah blah blah (repeat)
TNA should go to at least 15.30 by trying to fill the gap. The same thing for the SP500 at 725/735. Will move my stop up on WNR if it holds today. The SPY had some large blocks bought at the end of yesterday. Watch for large volume on the SPY if it goes up with the 5day moving average. This might be the start of a four week rally. If it goes up on low volume don’t play for a rally yet. TNA could take a few days.
Fly – Did you see that recent video with the MVIS picoprojector? Was pretty spectacular.
20,000 more @ 1.15
total 30,000 JSDA under 1.20
Talk about fucking early. SHIT!!
Anyway the JSDA move off the bottom and closing through $1 should hold $1 closing and trade toward $2 earnings are next week.
The Airlines will be asking for bailout money next.
Another 100 billion.
This will never end until the USA is broke, then to fix the problem, tax hikes, tax hikes, tax hikes.
Hey for those who are interested, The Fuckery will be playing a gig at The Bashed Ball Sack Grill around noon, the first 50 get in free and will receive 1 free government issue pound of cheese.
Cheddar or Swiss?
My food stamps this month are late.
Blow UP:
Thanks for your post it answered some questions I had.
.
Henry,
Out of curiosity. You’re buying JSDA on what?
Isn’t the GABA drink done?
be cool if Bernanke stood up Goodfella’s style and machine gunned these flaming shitface congress idiots…our country has degenerated into nothing more than a pisshole.
Disgusted….
doubled down on JSDA now 50,000 shares @ avg 1.12
balzy move fa me ova heah.
Not playing out at all!!!
AMR DAL UAUA sliding off the cliff face.
I bet our congress is an accurate reflection of what the Roman Senate was like around AD 300. Bunch of idiots.
The 6th Grader’s are at it on Capitol Hill again.
Short 450,000 shares of Congressmen with no business acumen.
s&p is very very angry right now.
These banks look dirty, time for a wash.
THE FLY WINS AGAIN….
He did say one of these time SRS would BFTO and go to 100… or did he say through 100? hmmm….
Looking to buy SWIR if things get ripe.
Who knew we should take care of the shim sham called climate change and let all those unemployed fuckers die on the street. At least those homeless bastards had free health care.
Pure fucking genius.
Best Video so far. By the way, I called 911, they should be on their way. Have Mrs. Fly give you an aspirin and do your own CPR, by coughing as hard as you can and as often. This really does work.
Damn do I wish I wasn’t already all in.
I’m down on the year and getting pissed.
Wall St & London – in decline
http://www.youtube.com/watch?v=zxRdULeBlsE&eurl=
Everyone knows we’re going to hell in a handbasket of debt & egregiosities … even my fucktarded acquaintances. I’m thinking one more shoe to drop & then you get long for rally.
Depression is front page news now … perhaps there is one magazine cover yet to print some sort of bottom.
fwiw … or not
I am CNBC!!! The real “I am CNBC” commercials:
We come from diverse backgrounds though we all share a commom thread.
(Mom and Dad had money so we never had to want for anything, anyway)
We have diverse hobbies that range from singing, painting, rock climbing, etc
(Most of you don’t have hobbies anymore because you are working 24/7 just to survive)
We are world travelers, and have been all over the world, and enjoyed vacations in glamourous locations around the globe.
(Most of you will never be able to afford to travel outside your own state)
We write books, articles, columns and have been published worldwide
(We have connections and know people in the elite inner circles that 99% of you white trash americans can only dream of having)
We live a life only 5% of americans can ever enjoy and get paid seven figures a year for doing our job
(What we earn bi-weekly from our paychecks it takes the other 95% of pathetic Americans earn in an entire year)
We get to comment and make predictions about the direction of the stock market
(You dumbass mom and pop investors listen to us and loss all your money while we sit here with no accountability- you stupid people indeed)
We cant believe that we get paid this much money for being completely dead wrong about everything
(You mom and pop investors just deserve to be taken advantage of and none of you have the courage to file a lawsuit against us)
We are American business
(Yes, American business has tranformed itself into nothing more than a series of payoffs, lobbyists, and tax evaders and you mom and pop investors and citizens will be forced to make up the difference if what we dont pay)
We are CNBC
(And you are not. As a matter of fact, you people are worthless and you know it. Not because you think you are, but because we tell you you are and you believe us)
You can buy C $2.5 Leaps for under 40 cents, who knew!
*** OH MY GOD! WE ARE 100% ROYALLY FUCKED ON A SPINDLE! ***
What can snap this market into a bull run *real* quick?
Well, Gordon Brown has been making his rounds at the US News outlets, talking about this NWO type “comprehensive global banking” solution. He said, on my way to work, that they are going to announce the largest stimulus package in the world that will affect everybody.
Let’s see it…
They finally figured out what everybody else has known for awhile: Lloyd Blankfein was the only CEO of a Wall Street firm who was present at the NY Fed meeting when the AIG bailout was discussed.
So, their retarded and repeated questions (or drunken ramblings by the ex-MLB player) about AIG are their pathetic attempt to call Bernanke on his ‘systemic risk’ excuse.
Just ask:
‘Mr Chairman, isn’t the $190 billion bailout of AIG really a shady bailout of the AIG counterparties: Goldman Sachs, Morgan Stanley, ex-Merrill Lynch and a few others?’
‘And, despite all that backdoor fuckery, isn’t the US financial system effectively insolvent anyway?’
Uh…well, yes. So…having cleared that up, can I go to the tittie bar now?
Brown’s shuffling around trying to get a global banking solution because his baking system is fucked and the UK government can’t afford it. so the prick is looking for the rest of the world to bail him out. Add the eastern European risk that still has to hit the UK banks and their absolutely fucked.
that’s why he’s strutting around like a chicken without his head.
GE getting gang raped by circus clowns
“doubled down on JSDA now 50,000 shares @ avg 1.12”
Throwing good money after bad is always a winning strategy.
Is 6666 a pivot point???
j,
It might also have to do with the whole “US Banks will systemically collapse if UK banks collapse” thing. Just sayin
I know its as important as a gay goat but the 12 year SnP has made an inverted head and shoulders. LOL My guess is its trying to act like an ostrich to avoid seeing the destruction that will follow.
Big banks exposure to each other isn’t that huge as they all operate with large set off agreements and watch their risk among themselves very carefully.
Nope, he’s after his own bailout.
That Jones Soda is definitely THE stock to trade. Along with OPBL, TASR, and The Beaniville system’s old fave – STV
Do let us know how it works out.
mrkcbill, 6666 in the DOW and 666 at the same time in the S&P would be the pivot point. And lots of green pea soup served at NYC soup kitchens on that day.
Zombies will rule that day.
Priceless!
STC starting to act well. 😉
This market is so fucked.
The median price of a home sold in Detroit in December was $7500.
The city is a sewer and shows what happens when the government wants to have trickle up poverty economics.
http://www.chicagotribune.com/news/nationworld/chi-detroit-housingjan29,0,5435392.story
Sexy, Is that your Clown Suit.
Covering 1,500 BBBY right here @ $20 (target 1 met) from origininal 25.50. Holding the other half for a move to $18 (target 2).
I continue to hold:
AMZN (short)
AAPL (short)
GS (short)
CPKI (short)
XOM (short)
STC (short)
YHOO (short)
BBY (short)
BBBY (short)
HOTT (short)
V (short)
NTRS (short)
Phil,
Can you share your targets for HOTT and STC.
Shorted another 500 AZO at 155 and will sell everything at the end of the day
Geithner just said they are proposing a 10 year plan?
The president only has a 4 year term, are you guys reading into this what I am? They have no clue what the fuck to do and will push the mess onto the next guy.
Meaning, they know this shit will fester and linger in a pool of piss for years.
Hey New Poster,
Saw that AZO had numbers today. Decided not to touch it in the end (I’ve got too much exposure as it is, anyhow).
About STC, theyre like the LOOP of REIT’s. LOOP, as you might know, serves the commercial real estate market with paid-for information about properties.
STC basically provides information/title look-up services for REIT’s (they do other stuff, but that’s the core). Though its cash to market cap is about 40%, STC continues to lose money. They’ve also got a 1.3:1.0 debt to market cap ratio. Not sure how that’s going to get serviced but it looks like an onerous burden given their free cash flow situation. You see, in down markets, there’s less demand for their services.
HOTT is your run-of-the-mill teenage specialty retailer trading at an eggregious 21x EPS. Yeah, it’s that clownish. The stock has admittedly defied gravity for some time, but I continue to hang on strong, with an average price of $9.20.
HOTT and CPKI, on valuation, are perhaps my favorite shorts.
New Poster,
FUCK, I thought you had said THOUGHTS…. now I see you said TARGETS. ALL THAT BABBLE FOR NOTHING. FUCK.
New Poster,
I’m looking to cover 1,500, or half, of my HOTT at 7.00.
The other half I’m looking to cover at $5.50. The valuations are simply astronomical on these guys.
As for STC. I’m looking for 10.50 to cover half and 7.50 to cover the rest.
For some reason, it reminds me of Patton’s movie monologue
Nice idea tadacip info