iBankCoin

BBQ and Beer

Fuck the market. It’s time to unwind and welcome the summer weather this weekend, by way of big cookout and large supplies of beer. Live like a hedonist, especially because the apocalypse is coming.

It was a rather textbook late day sell off, ahead of the extended weekend. However, I am still surprised, nonetheless.

Going into the weekend, I am long a variety of names, which will be discussed in detail on The PPT by Sunday.

Enjoy the holiday and don’t forget to kick a few old men into rocky, deep ravines, when given the chance.

I’m out.

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56 comments

  1. wilmer

    Sleep well. LOL

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  2. Quiet Storm

    Drive safe everyone.

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  3. Yogi & Boo Boo
    Yogi & Boo Boo

    Off to crank up the BBQ.

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  4. Mushroomz

    Off to golf.

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  5. chivasontherocks
    chivasontherocks

    http://www.youtube.com/watch?v=Z3ZAGBL6UBA

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  6. MOOBER

    Happy Memorial Day to all, especially those who have served our country. The MOOBER Family thanks you for you and your family’s sacrifice.

    If you are running the Bolder Boulder this weekend, look for me. I’m the guy chomping the stogie (seriously, just to piss health nuts off).

    I’ll know its you if you say something like “the weather is eggregious. Odd, no?” I will reply with “Indued. Look out for that open manhole, bearshitter.” Or something like that. Maybe just flick my cigar at you.

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  7. Woodshedder

    MOOBER- send me an email. I have lost yours. I have a CD to mail to you.

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  8. RpD

    Fly,

    Based on the price action I have been watching the last two weeks…how is it that you’re still bullish?

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  9. MOOBER

    Just did w/ contact info. Looking forward to dropping your friends in advance of hearing the music! Ha!

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  10. ass

    bull market my ass

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  11. CAP

    Going into the weekend, I am long a variety of names, which will be discussed in detail

    FLY- What happens if we open Tuesday down 10% across the board with your positions down 30% on average. Will you

    A) Jump out the window

    B) Reach for the keyboard and frantically double down on all your longs

    C) Sit back with an ice cold Bud and chug it acting like nothing happened

    D) Walk over to CNBC HQ, strip down to your birthday suit and run around on set screaming about time machines and crazy car people

    E)Send off nasty emails to Woodshedder and DevilDog accusing them of some how being accomplice to your Coup De Grace

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  12. zoro

    It was a rather textbook late day sell off, ahead of the extended weekend. However, I am still surprised, nonetheless.
    ———————-
    wait till you see next week’s sell off

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  13. alphadawgg

    I think today we figured out where the top of the trading range is.

    Y’all have a good and safe weekend. Do not forget those who’ve paid the price and made the ultimate sacrifice so you can grill burgers and drink beer in peace and safety.

    Off to watch the Sawx square up against the Mets.

    Be well, everyone.

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  14. djg

    saw a young marine yesterday and he asks that we “remember the fallen”

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  15. ottnott

    saw a young marine yesterday and he asks that we “remember the fallen”

    We should all do our part to protect what they fell to protect, even if we don’t all agree about the best way of going about it.

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  16. carson

    God bless you all, and have a great weekend.

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  17. DEVILDOG

    Can’t wait for your list so I know what to SHORT. TIA.

    SEMPER FI.

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  18. TheArtist

    point pointy end of stick toward enemy.

    see you cats in june.

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  19. T MOE

    A message to the politicians and bankers who have been fucking the public for way too long

    Purified

    Can the pestilence within you be bled out
    May I have the honor of this amputation?
    Know that you have made an enemy
    To show you the meaning of indignity
    I live no solely for the pleasure of your slow decay.
    Feel the pain of vengeance burn you,
    Soon you shall know silence.
    With trembling hands you’ll beg for mercy.
    I’ll show you none.
    Purified by my hand
    In this my world
    It is salvation.
    Your futile existence draws to a close
    A cloak of lies drops.
    The lies drop.

    http://www.youtube.com/watch?v=UyXZGAH6ylc

    Enjoy

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  20. mustard seeds

    Everyone, have a safe and enjoyable long weekend, you really do deserve it. Be gentle with yourself, nobody else will.

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  21. JakeQint

    So much for protecting anything hundreds of thousands of Americans have died to protect… it all amounts to NOTHING.

    read the details… free elections have been long dead…

    http://www.americanfreepress.net/html/bilderberg_2009_179.html

    http://www.prweb.com/releases/Bilderberg_Group_Meeting/Daniel_Estulin/prweb2453144.htm

    According to Estulin’s reading of the report, it looks as if there are serious disagreements within the group. The hardliners are for dramatic decline and a severe, short-term depression, but there are those who think that things have gone too far and that the fallout from the global economic cataclysm cannot be accurately calculated if Henry Kissinger’s model is chosen. Among them is Richard Holbrooke. What is unknown at this point: if Holbrooke’s point of view is, in fact, Obama’s.

    Estulin says that someone from the IMF pointed out that its own study on historical recessions suggests that the US is only a third of the way through this current one; therefore economies expecting to recover with resurgence in demand from the US will have a long wait. As another individual pointed out, “Equity losses in 2008 were worse than those of 1929.” This individual then added, “The next phase of the economic decline will also be worse than the ’30s, mostly because the US economy carries about $20 trillion of excess debt. Until that debt is eliminated, the idea of a healthy boom is a mirage.”

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  22. Gary Owen

    Well, here’s one vet who’s toasting those servicemembers who never made it home … Godspeed.

    I think the market tanking Monday morning is too easy. Everyone who initiated shorts at the wrong time today have to get fried first.

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  23. The Fly

    Devil Dog

    You cannot short anything, since you lost all of your money.

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  24. gappingandyapping
    gappingandyapping

    Just an update before I get too drunk, I FUCKING CALLED THE SELL OFF early today. I posted that atleast 1 index would be red if not more. I too though am surprised at the extent of the sell off at the end of the day. Bottom line we are trading based on bonds, bills and dollar dolla bills yall. They are the tell now. Wish everyone a happy holiday and go enjoy yourself with your family!

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  25. Starving Artist
    Starving Artist

    The Fly, Cheers and thanks!

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  26. chivasontherocks
    chivasontherocks

    yes you did Gap. don’t get too drunk my man. get home safely and have a great weekend.

    still short

    150k QQQQ at 34.98

    100k DIA at 85.42

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  27. chivas up 471 and counting

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  28. Until that debt is eliminated? Hahahahahaha. What a sense of dark humor. That debt is going to be here to stay as an albatross around the neck of the economy. In fact, unless the budget is balanced soon, there will be even more debt. Look at California – it is acting as a laboratory for the fed debt. There must be a slashing of fed spending or else. Fat chance of that, huh?

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  29. carsony

    None of us are without sin. There are times when many regret the profession we find ourselves in..But that is life, so we go on and do the best we can. There is evil that does exist- But praise be to God..Greater he who is in christ, than he who is in the world. By faith we shall overcome. God bless and have a great but safe weekend to all.

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  30. TraderCaddy

    Glad no deep rocky ravines exist here. Just sandy sinkholes.

    Go Magic.

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  31. gappingandyapping
    gappingandyapping

    Wow, that’s all I can say about that game. Just wow. TC I was pulling for the Magic but what can you do when that happens.

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  32. upsetgrandpa

    Me and my fellow AARP’ers would kindly request that you quit exhorting everyone to kick us down elevator shafts, open manhole covers, and steep ravines.
    We are on medicare and injuries suffered so far is costing your generation $millions.
    Besides, it is not fun experience crawling out of such places.
    Some day, more than anything else, I hope you aquire a magnificant quality that has gone woefully out of style in this country.
    Class.
    That said Mr. Fly,
    I continue to wish you the very best, even when it appears…
    I do not.
    A raised Bush in a bottle to you and your family this weekend.

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  33. kush

    Fly, first off thank you, and I was going to ask if you would be so nice as to humble us with another story from your life for some light reading this weekend?

    Anyways enjoy the weekend.

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  34. Whitney Tilson

    Sir Fly,

    You may see it rational that the market go up from here, being the dollar value’s rape, oil, etc. and YOU VERY WELL MAY BE RIGHT! 95% traders lose $. However, do not doubt the market’s ability to stay irrational longer than, even someone with god-sized funds, can stay solvent. The US government is a new LTCM, on steroids. They can’t stay solvent through the tsunami of ARMS that will be resetting between mid 2009-2011, even if they print $. The following is rhetorical: Did the markets already take this into consideration?

    Best Regards
    Whit

    http://www.youtube.com/watch?v=tpNVzrt4vOw&feature=PlayList&p=49339C224983FC05&index=5

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  35. GARR

    LeBron is God.

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  36. The Zombie

    Sweet shot by King James.

    The Fly is God.

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  37. j

    Fly’s right. Too many of you fuckers are too bearish for stocks to go down.

    When every stock jockey is talking about the weak dollar and large debt, the problem has already been baked into the price.

    I covered my longs on Friday morn and I now think that was mistake.

    Yes, the buck is weak however that is manageable and the EU and Japs will have to do something otherwise they’re dead. Whereas the private debt and equity markets are looking fine and in fact there is recap demand.

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  38. Generational Market Bottom
    Generational Market Bottom

    Why is this blog fucking around with penny stocks?

    What’s next, Toronto Junior Silvers?

    Why don’t we have a REAL discussion about REAL
    stocks that are part of the world economy?

    If we want to gamble, we can call our bookie.

    BTW: My call “Oil will go above $60 before it drops below $40” was right on. Oil will NEVER trade below $40 a barrel again. EVER.

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  39. ZenProfit

    Jake:

    From http://www.americanfreepress.net/html/about.html:

    “The so-called “mainstream” media is very much a “closed shop” and only those willing to do the bidding of the global power elite need apply. Tom Brokaw, Dan Rather and Peter Jennings and other puppets are just the public faces that the American people see.”

    Brokaw raises cattle, Rather is on mini-cable (?) and Jennings is 6 feet under. These are the top three Power Elite?

    Ooooh, I’m soooo scared. AFP really has its finger on the pulse of . . . . nothing!

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  40. Oculus Dexter

    LeBron = ridiculous.

    http://www.youtube.com/watch?v=oMs2LUzQWJo

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  41. Jed

    mrkcbill invites you to his BBQ this weekend featuring BBQ squirrel and his favorite cocktail, prune juice on the rocks.

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  42. mrkcbill

    Jed, went crazy when his broker told him he couldn’t get any shares of OPEN TABLE’S IPO.

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  43. JakeGint

    Zen — are you trying to pick a fight with me?

    Take your bullshit strawmen arguments elsewhere.

    _________________

    In another case of Art Imitating Fly I present for your review, Mr. Rat.

    Also, Worst taxed states… Gio in more trouble than Fly.

    _____________

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  44. JakeGint

    Another case of Art imitating Fly.

    ___________

    Zen are you trying to pick a fight with me using bullshit strawmen arguments?

    Don’t make me come over there.

    _____________

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  45. chivasontherocks
    chivasontherocks

    Jake,

    are you saying that Fly is really a tiny mouse?

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  46. JakeGint

    C- I believe that character’s name is “Rat.”

    Other performances here.

    __________

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  47. DEVILDOG

    New lows in July. S&P 150 in 2015.

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  48. FAZ

    FLY, market closed on Monday, I see you become a total retardoooooo.

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  49. Barack Hussein Obama
    Barack Hussein Obama

    You people just go about your business and my people and I will take care of everything here in Washington. This crisis is not bothering me and mine. You need to sacrifice for your country. Remember, I follow the principles of the Great Lenin and Saul Alinsky. One nation, under Socialism, for Socialism, Forever……and ever.

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  50. omfgitsjd

    1/2 pinneaple juice, 1/4 coconut milk, 1/4 coconut rum, on ice please.
    Make that two, I’m off to the Dominatrix room.

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  51. dave

    Hurricane season is just around the corner.

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  52. JakeGint

    I guess I should be relatively serene this week, as the Jacksonian Core Portfolio drubbed its comparative indexes by a score of 778 basis points to 39, but sometimes I can’t help but feel as if I’m in the Presence of Tree Goats.

    ________________

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  53. Awake

    Obama on CSPAN – “We’re out of money”

    Dollar is going to get brutalized in int’l tomorrow night.

    Shit’s gonna get interesting

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  54. carson

    whats up with crox-are they going out of buz or busting into a new direction. I like the shoes but when I went around asking the shoes stores about the company, 1 out 5 gave a thumbs up.I know they have an off shoot business they are developing for people with foot issues–any one get this one?

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  55. Dubz

    I am drunk off bullish gains, all you bearshitters can go fuck a goat. It’s the weekend, ENJOY IT unless you were short, in that case go buy some rope.

    carson – if you like CROX shoes then you are damned to a life of being a fucking loser. Check yourself before you wreck yourself.

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