We got ourselves a bunch of dead corpses bouncing around here, eating the brains of unprotected short sellers. Just this morning it looked like the market was about to rollover, then BAM,the zombie bank shuffle kicked in. Gains in the banks are being led by C, BCS and COF. Le Creme of the crop. The captains of industry.
Back in the real world, crude is down again. However, oil stocks are higher. At this stage, I have no confidence in equities, long or short. If I wanted to put my bear trade back on oil, I’d go the SCO rout, instead of betting against oil stocks. The commodity markets are less manipulated than the equity markets, if you can believe that.
I still like my TLT and yes I am still long both SRS and FAZ, however, in small quantity.
Gold stocks look good here, particularly GOLD and RGLD. Even though the dollar has been relatively strong, gold has been hanging in there. Should the dollar weaken, I am sure gold/silver will spike to new highs.
Finally, cre names are weak, led by losses in UDR, WRI and SPG. But, considering yesterday’s gorilla raping of the shorts, I’d hold off on any new cre shorts or SRS purchases. I’m at a weird place now, where I have loads of cash to invest, but lack the motivation to allocate it, since I am wary of government fuckery.
NOTE: It’s true what Chart Addict says: iBankCoin raised some money through a Vulture Venture Capital group. Funds will be used to heighten the level of fuckery that I am on and expand it to all parts of the globe.
Would you like my brains salted raw or stir fried? No matter, the gap filled and I am finished for the day.
Best wishes for your expansion Fly. Soon iBC will be part of the G20!
Dearest Fly- Start the fuck trading again fucker…
Congrats on the funding.
Sadly, it’s only a matter of time until your owner tells you to tone down your language/style. Fortunately, that should take awhile
Cash
Fuck off.
mrkcbill once participated in a threesome with Rosie O’Donnell and Rachel Maddow
Fly– same to you sideline boy.
I know this fucker didn’t just call me sideline boy.
Fly, what is the picture of on this thread?
is that a hobo and does he have a pistol in his right hand?
what is in his left hand?
just wondering, no way of expanding the pictures to see them any bigger than the thumbnail that they are.
but not that it matters.
Why trade if you can get a large and undeserved bonus?
Idea for iBC – Have a place where dedicated readers can ask questions and once a week or “whenever the FUCK you feel like it” you grant one lucky SOB a response that you feel is timely and of use to the rest. Could be a new category that gets updated whenever the fuck you feel like it. Therefor it’s basically sending hell mary but if it gets replied to the loyal reader will be one happy mother fucker and the rest of your readers will benefit as well…
Just a thought.
Fly but in the most affectionate way.
Dude, try PPT where the FLY generously replies to his fans.
I remember when 742k layoffs meant something. I wonder if 1M would mean anything.
Who the hell would invest their capital in this neutral blogg type of crap, the fly hasnt made a significant move in a month and now that he has his capability to invest he hasnt done shit… IBC BLOWS!!
It appears the market will go up, no matter what. Makes no sense in trying to short this fucker.
Then again, I hate stocks.
I read that Obama will be meeting with the Queen today.
Since Obama is a Southside Chicago political hack I am wondering if the Queen will be hiding the silverware.
http://www.europac.net/report/reports/report_faber.pdf
One bear (Schiff) to another (Faber)
Fly- My kid may be ready to wear an iBankCoin logo on his hat, shirt and or bag in a few years when he gets to a professional tour.
Sure to add more eyeballs to the site.
Sending you a link via E-mail to a press release from the SEC the other day as to his potential.
TraderC: Heh, maybe Obama will make another lame gift offering like he did to Brown. Either 400 Sham Wows, or a CD boxset of Slim Whitman’s. Or one of these: Le Willy Waller
Fly, you truly are clueless. Gold and silver to new highs…too funny. Holding SRS…too funny. I can’t believe how totally impotent you are with this market. Sitting in cash and making statements about the market is not very inspiring. Put your money where your mouth is by buying GLD and SLV or just STFU. Nobody needs to hear your supposed words of wisdom when your paralyzed with fear sitting in cash. Your opinion is worth chicken shit.
the Sham-Wow guy(caught in Miami hotel with hooker bleeding) has a new product- “Slap-Chop” it sounds like this mkt..! I ordered 3.
SRS seemsto have bottomed out for today. Any guess how low it can be had tomorrow?
Dog
Fuck off.
Fly,
Just skull fcuk dog so we can get back to regular scheduled programing.
Not to be confused with the other johnnie-come-lately two-word “Fly Swatter.”
With Fly’s self-admitted wussiness, how about using these nuggets underneath the iBankCoin banner?
iBankCoin:
–is afraid of its own shadow.
–is pissing its pants.
–wants its mama.
–has retreated to its happy place and is holding its blankie and sucking its thumb.
–needs a diaper change.
–wants to be coddled.
–is begging for mercy.
–is waving the white flag.
–can’t handle the truth.
–is all talk, no action.
–won’t put its new-found venture capital where its mouth is.
–is being forced to return all of its new-found venture capital.
–is a big fat crybaby.
–is being renamed “iBankSquat”.
–literally banks coins in its savings account which is its sole investment vehicle.
TLT is about to bust out. Look at the weekly chart technicals… time to load up some more, IMO.
Can’t figure out why people are buying stocks. Makes no sense. Our Prez is over there prancing around like a proud cock while the rest of the smart guys laugh at him behind his back. Spend, Spend, Spend we love debt. I went short at 11.39 central
Probably also some buying in anticipation of G-20 and/or mark-to-market announcements. This news, too, shall be sold.