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
23,444 Blog Posts

Get Your Rally Monkeys Ready

If I was a fucking plant, I’d love this NYC weather. Unfortunately, I am not water proof and do not appreciate “God urine” blessing me on a daily basis. What happened to global warming, Mr. Tree Fucker? My carbon footprint is so big, so egregious, one would think that “The Fly” just doesn’t give a fuck.

Hmmm.

You heard it here first, folks, the market correction is over, prepare for new highs. Today’s “market math” is as follows: oil up+dollar down+(banks up+tech up)= Fuck you shorts, you’re dead.

It’s that simple.

Despite my bullish leanings, I will not deploy the 10% cash on my sidelines, mainly because I am perfectly content NOT being a bullish lunatic. The way I figure, I need 20% cash in order to effectively hedge my positions, if need be. So, with that in mind, I will be a net seller, into any rallies.

There is one sour flavour [sic] to this market: potential capacity utilization slowdown at TSM. Without getting too detailed, just know, if the semiconductor foundries start to cut back production, I will be out of this market faster than chocolate cake on a fat mans desert tray.

Top picks: OVTI, GLW

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31 comments

  1. KidDisco

    I’m spanking my monkey right now.

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  2. jg

    fig

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  3. zephler

    option expiry week and the bulls couldn’t even rally it 1% – ominous sign …

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  4. gappingandyapping
    gappingandyapping

    Rally ho!

    By the way PETA will fucking protest this but they won’t say shit to these fucking muslims blowing up horses with explosives? Fuck egregious.

    http://hamptonroads.com/2009/06/peta-wishes-obama-hadnt-swatted-fly

    In investment news, we were setup yesterday for turnaround Thursday (We missed Tuesday) so if you missed it so sorry.

    I like AIB, UNG, WPRT and DXO here while shorting UGA for a hedge. Carry on.

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  5. bounty_hunter

    Need a new rally monkey pic with Geithner…

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  6. has a hat

    Why is gold so weak today?

    And what does it mean for market?

    Jake? J?

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  7. so i herd you liek mudkips
    so i herd you liek mudkips

    IYR is pulling a pretty clean “pizza-formation” on the 2-day

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  8. kidstock

    The Fly is Alive….I thought Obama took care of you the other day!

    Good to see the Rally Monkey — now go eat some oatmeal.

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  9. Jim Cramer

    Dear Fly,

    The only monkey you will see today is the one you will be spanking during the meltdown into the close today. The tell is always dependent on what happens between 2 and 2:30PM on each Wednesday of options expiration…traders get their orders in prep for Friday…expect more downdraft.

    Booooyahh Skee Daddy

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  10. Flats

    This rally will be short lived. S&P 923 – 925 is it. Perfect opportunity to dump longs and get short for the ride to 888.

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  11. TraderCaddy

    Senator “Bitch Your Holiness” Boxer.

    http://www.youtube.com/watch?v=iHFPsiPYDA8&feature=player_embedded

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  12. toptick114

    hah:

    Gold consolidating its Spring/April thrust; toss in a bit of Seasonality as well as lackluster/flat/benign $USD action.

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  13. JakeGint

    Has a hat —

    Price of Gold is sitting right on it’s 50 day MA, and continuing to consolidate, but doesn’t seem to be in any imminent trouble, price wise. Stochs turning up as well.

    The miners are taking a bit of an ass clabbering, but that’s what happens with volatile stocks on pullbacks.

    Accumulate… slowly.

    _______

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  14. JakeGint

    TC — what a shame. I almost go over to Devil Dawg’s side when I see imperious behaviour (sic) like that from our nation’s dumbest Senator.

    Nice job, California!

    ________

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  15. The New Rally Monkey
    The New Rally Monkey

    http://www.youtube.com/watch?v=e4D5U2kEksM

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  16. Im losing my hair
    Im losing my hair

    And am starting to look like FLY.

    I bet you guys didnt realize that The FLY is bald (horse shoe bald).

    Starting our freshman year in college, he wore a hat all the time and EVERYWHERE we went.

    I told him to lose the hat becasue he had a good face. And, the shape of his head was good too.

    Whatever though.

    Looks like Im joining the hair club for men with him. At least I got to experience college and grad school with rock start hair. Now Im married with kids and a hot wife, so it doesnt really matter.

    Being rich helps a lot too.

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  17. Mushroomz

    VIX getting smacked: http://tinyurl.com/mzam6s

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  18. The Fly

    You should wear an asshat now.

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  19. nation81

    Fuck the Monkey…..I vote for this … “The Fly Rally Dance”

    http://www.youtube.com/watch?v=B9WsMasBk_E

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  20. TraderCaddy

    Jake- I knew that you were in the middle but I always pictured Fly having a receding hairline.

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  21. TheArtist

    what goes up, must come down……

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  22. gimme some gas

    So, Fly, you said you would accumulate UNG, are you adding today or waiting.

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  23. Fly Guy

    I’ve got my monkey in my hand as I type….let’s go!!

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  24. TraderCaddy

    Can’t be a big NAZ rally without the chips. I show 13 out of the 14 chips I follow as being down (KLAC up .09).
    Pitiful.

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  25. Woodshedder

    Fly shows the paparazzi what he thinks of them..

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

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  26. TraderCaddy

    I thought for sure Fly would be at BethPage helping to squeegee the greens being the big golf fan he is.

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  27. Mr. Market's boner
    Mr. Market's boner

    Howz about some lickin my ballz formations ovah heah

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  28. anonym

    FLY,

    You are sounding like a confused schizophrenic unemployed Hooker.
    “one day the market is up and fuck the bears, another the market is down, i cannot believe i am down 4% on my investment, let me think what would my next move be”

    Well Mr. Hooker, make up your mind. are you letting in that paying john or you’re quitting your old profession?
    either way let us know so that we can do some trading.

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  29. Flats

    Rollover baby!!! LOL….

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  30. GA

    And cue the reversal…

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