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
23,433 Blog Posts

Get Drunk. Buy Stocks

Despite not taking advantage of this melt up, being in a 100% cash position, I am livid with joy, seeing the bears get tossed into dirty canals. Let the bulls have their fun, particularly on the most holiest of days: St. Patrick’s Day aka “Beer Day.”

Truth be told, “The Fly” is decked out in green, ready for a healthy serving of beer, with a side order of corned beef and cabbage. Remember, I am 100% cash and you are nothing. You are out there, like a homo in a Texas gun club meeting, trying to game the market, using stupid charts and shit.

I, on the other hand, am in possession of vast quantities of cash, laughing at you bozos, while drinking beer and other egregious beverages of men and brawn.

Truth be told, I needed this hiatus from the fucking market, after dealing with the emotional roller coaster for 18 months straight. When I roll back into my positions, write it down, I will fucking nail whatever trade I endeavor to partake in.

Time to get drunk.

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51 comments

  1. schizo1688

    when you gonna come back TARD ?

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  2. Pete

    Haha Fly. Have a good time at the bars!

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  3. Controller

    You’re going to nail a trader?

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  4. McDMG

    Song of the day –

    http://www.youtube.com/watch?v=4pHO7GW0MKE

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  5. jg

    cheers to all.

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  6. chivasontherocks
    chivasontherocks

    “I am livid with joy”.

    no you’re not.

    YOU KNOW you’re not.

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  7. Out of here

    You are provoking, and I was about to call you a moron, but you did a very very smart thing….. We can fool each other, but the truth is nobody knows shiet right now, market is being propped with BS served by Obama and Ben, and people are so hungry for money and tired of they are taking this shiet and calling it caviar. Cant wait for it to end short it to the ground.

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  8. TPC

    McDMG,

    Your song sucks. Try this instead: http://www.youtube.com/watch?v=fvRXAEJM1wI

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  9. JakeGint

    I will fucking nail whatever trader I endeavor to partake in.

    Personally, I hope it’s Michele Cabrera Caruso.

    Or this nice Irish looking lass whose moved on to better ‘tings.

    ____________

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  10. JakeGint

    “I am livid with joy”.

    no you’re not.

    YOU KNOW you’re not.

    ROFL @ Chivas.

    I dunno what’s better, the coyne* bankage, or the schadenfreude?

    _____________

    *(On St. Paddy’s at least, we bank “coyne” ya see)

    _________

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  11. Woodshedder

    Lady G, perhaps, will be the beneficiary of “the nailing?”

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  12. DMG

    TPC – You’re right, that song is much better…maybe i’ll tell the guys in my frat to sing it at this weekend’s partay. That would be soooo rad!

    [sarcasm off]

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  13. EmployeeO'8

    OEW Daily Recap:

    “After negative divergences appeared at yesterday’s highs, it appeared the market was ready for a pullback. A decline from SPX 775 to 750 followed, but that was it as the market turned right around this morning and made a new high for the rally at 778 and closed there. Looks like we’re not done with this first wave up yet, and the SPX is up 16.7% from the lows. The fact that the market rallied over the 768 pivot makes the 734 pivot likely support on any pullbacks from current levels.”

    Wonder if Danny has aborted his shorts yet … Enjoy WaveB Danny! … Happy St Patty’s Day to you and all!

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  14. Jake O'Gint

    Oye dinna click onna tha secon’ wan yet, but hair’s me contribution to tha bes’ Oirish Sahng fer tha Sint Paddy’s doan cha know:

    Drop Kick Murphy’s do “Black Velvet Band”.

    Oye, iffn’ that doan get me Oirish blood a bile, and me without even a point, or a lass!

    ____________

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  15. Jake O'Gint

    Wood sez:

    Lady G, perhaps, will be the beneficiary of “the nailing?”

    (After getting up, putting spilled “laughed out” guts back in torso)…

    Just.. so… wrong… in SO many ways….

    _______

    I look forward to the graffiti that will soon adorn your blog!

    ___________

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  16. The Fly

    Today’s official song has been attached to this post.

    Enjoy the day, fellow Irishmen or whoever makes believe they are Irish on this day.

    Drive safe.

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  17. EmployeeO'8

    My contribution in case you missed this bastian of liberalism posted on an earlier thread:

    http://wbztv.com/services/popoff.aspx?categoryId=64&[email protected]&videoPlayStatus=true&[email protected],[email protected],[email protected]&videoTime=17.893&

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  18. chivasontherocks
    chivasontherocks

    Woody,

    will Cajun be in charge of the video taking?

    ___________________________________________________

    Jake,

    in your honor, today, i am having some Irish Whisky.

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  19. Woodshedder

    Chivas, I do not believe that we want a record of such events, lest we burn our eyes with pokers.

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  20. JakeGint

    For E8 and the Obamanid Hordes: Looks like your evil plan is coming together nicely!

    _______

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  21. Jake O'Gint

    Ah Chivas, there’s a find laddy.

    Meself? Et’s a bit of an oodity, but oye prefer the Kaintecky whiskey meself.

    ____________

    Wood: I believe the Bard put it best in that crucial scene from King Lear:

    “Out! Out! Vile Jelly!

    _______

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  22. O'TraderCaddy

    Okay. Here is my Irish song contribution to this thread. This one is a good one to trade by IMO.

    http://www.youtube.com/watch?v=x-64CaD8GXw&feature=player_embedded

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  23. DPeezy

    “Or this nice Irish looking lass whose moved on to better ‘tings.”

    “WHOSE”!?

    A JakeGint misspelling!??! Say it ain’t so!!! My whole world is CRUMBLING DOWN!!

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  24. O'Dpeezy

    Y’all wrong, by the way. This song beats all:
    http://www.youtube.com/watch?v=Gc25RG_MZkM

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  25. Goldie

    Told you this BS rally ain’t over!!

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  26. The Chart Addict

    I’m 2 hrs away from getting FUCKED UP!

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  27. Jake O'Gint

    This is gold.

    _________

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  28. Jake O'Gint

    Ah O’Dpeezy, doan be sahd, ladddie. I’m on me eleventeenth ale over heah, and I canna be expected to be onna me game at thes poin’.

    Check the namelink for assurances, lad.

    ______________

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  29. O'TraderCaddy

    ^^^

    Is that Obama looking like The Kaiser?

    Working on my second Shamrock Shake.

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  30. DEVILDOG

    Told ya we would rally BIG today. Cash sucks. My MON, UPW and DZZ win again.

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  31. Jake O'Gint

    Thaht’s ‘is AYE-COORN cahp, Trader Lahddie!

    Ets jayneyus et ezz!

    ))))))))))))))))

    O’DPeezah — aye lahd, thet’s a goood wan as well!

    Off now tah get shet-hummered!

    _________

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  32. omfgitsjd

    I sold out 80% of my positions today as well. Only 20% long at the close for me. I just don’t expect things to go straight up right now, but I’ve been fooled in the past. I did significantly recoup some losses bringing me to the break even point for the year.

    It’s amazing how victorious breaking even can feel to someone who was almost angelo’d.

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  33. go2mars

    Mike: http://www.creb.com/public/seller-resources/housing-statistics-archives.php Go to the bottom of the link to see some recent charts. Although some areas vary. For example, 2 years ago I bought my house for $670k. My next door neighbor just bought the same one, ~same floor plan, for $425k. It stood empty until the builder went under. So some areas of YYC real estate are harder hit than others.

    Mars.

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  34. so i herd you liek mudkips
    so i herd you liek mudkips

    let me repeat myself: consolidations are going to be smaller than you expect

    bonus points: understand that this week is a different market with different reasons than last week. SEE: 5-day chart on FNM/AIG/C

    lolwut?

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  35. hammy

    well! my cock got chopped off in the market today.

    off to do p90x and then get drunk.

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  36. Jim Kramer

    Fly – If I still ran my hedge fund I’d be 100% cash too…BOOYAY!

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  37. Damon

    This rally is starting to get embarrassing.

    I wonder if Bernake will warn of “irrational exuberance” like Greenspan used to during the dotcom mania.

    Up, Up, and a-fucking way, in my beautiful balloon….full of nitrous oxide.

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  38. Damon

    We need something to happen that our government has no control, or gagging capability on, to happen…

    like maybe China and Russia get together to Help North Korea….

    Anything to get these drug-induced fund managers to STOP and take a friggin’ rest.

    Maybe they will get drunk tonight, and be so damn hungover they miss the moves tomorrow.

    85% Cash/15% Short since 3/16 AM

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  39. Anton Cigur

    RIP Bennet Sedacca. He was a good writer.

    Raise a glass and watch your drunk ass on the stairs tonight.

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  40. GenerationOilBottom
    GenerationOilBottom

    This Tim Geithner is the stupidest piece of shit ever to occupy the Treasury seat.

    Dumber than Fuckface Paulson, the crook.

    Geithner has gotta be FIRED tomorrow; and AIG
    must be put into receivership.

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  41. ZMoose12

    DevilDog, shut the fuck up and go drink large amounts of Guinness. Enjoy yourself dude, it’s St. Patty’s Day!!

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  42. O'TraderCaddy

    Geithner is even dumber than Ogden Mills (Herbert Hoover’s Sect’y).
    Paulson was smart. A little too slick, but smart.

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  43. j

    Bennet’s dead? Really? That’s sad.

    I always liked to read what he had to to say. I must say, he had big views but never carried a position. He was always square, so it couldn’t have been his risk taking that caused him health problems.

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  44. J

    Dog,

    Shut the fuck up, fuckhead. Gold has done nothing to talk about for the past week of so. In any event you aren’t making any money as you shorted that crap at 875 and have been sucking wind ever since. So don’t give me that swill that gold is making you money because it isn’t. You’re just losing less. Lying fuckhead.

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  45. Juice

    Some really smart cookie that I would often post his words of wisdom on the markets/credit markets, under the name ‘Neil Sedaka’, is no more.

    http://www.minyanville.com/articles/index/a/21689

    I’ll miss the dude. Very sharp man.

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  46. O'TraderCaddy

    Sesame Street does Bernie Madoff (with Cookie Monster as Madoff).

    http://www.youtube.com/watch?v=XJ8OjAB_e3g&eurl=http://www.haaretz.com/hasen/spages/1071169.html&feature=player_embedded

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  47. The Fly

    Coming soon, tomorrow morning

    The Best Thing that Ever Happened to me, part II

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  48. alf44

    “Coming soon, tomorrow morning

    The Best Thing that Ever Happened to me, part II”

    —————–

    I just hope an Irish Catholic Priest wasn’t involved !!!

    YIKES !!!

    .

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  49. You know the difference between acne and a Catholic Priest? Acne waits until a boy is a teenager before coming on his face.

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  50. Woodshedder

    Would someone with a minyanville account please send my condolences to the family of Mr. Sedaka? It seems I have to be registered to leave a message. I will miss his work.

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  51. tenjedd

    meltup….you said it baby.

    straight from montego bay here

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