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
23,441 Blog Posts

MEGA-SUPER DEPRESSION IS UPON US

Be sure to just die now, in order to just get it over with already. No one will have a job, within minutes of this post being published. The State of California will break off from the mainland and drift to China, where the crazy bastards from Beijing will enslave the greenies, forcing them to work inside of Nike sweat shops. All farms will be rendered useless, since death will be the preferable breakfast of champions.

As for the stock market:

The revolutionary blogosphere will succeed in destroying the evil corn huskers from Goldman Sachs, thereby eliminating your pension fund in the process. ALL STOCKS WILL OPEN AT ZERO, almost immediately.

Your Grandparents will be drafted into the military, in order to conquer meaningless volcano’s and your children will be conscripted to fight wild animals in the Amazon.

The new world, one where America as we know it sucks cock and dies, will be better, since everyone will be dead, at war or in the Jungle’s of South America fighting rogue lizards.

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59 comments

  1. Goldie

    I’m going to San Francisco next week too. I knew I should have bought that air fare insurance.
    FAZ TO 1000!!!!!!!!!!!!!

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  2. Joe

    So you are saying buy GLW?

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  3. Goin'Fawr

    Embodiement of my strategy to ride out this shit sandwich…. I’m certainly not taking a bite:
    “I know it’s hard to swallow; it must sound too far fetched. But you can bet your bottom dollar I ain’t goin’ with the rest!”
    -Clutch

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  4. dave

    At least the Iranians and Chinese have the balls to protest. How bad will it have to get for Americans to get off the couch.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=ayiRd2bSfRkA

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  5. Hiro

    lol. I hope you’re right sir. Even though my state will drift to China, I’ll head over there with quite a bit of cash w/ my current shorts.

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  6. esoap

    yeah $GLW

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  7. 308

    hey, GLW could get a boost tomorrow based on 1H July Panel Prices Being Up Again;

    “Panel Prices — 1H July panel prices released (this weekend) over the holiday show 3% to 8%
    price increases from the prior two weeks (up 6-24% in 3 months but down 5-
    20% Y/Y) for notebooks, monitors, & TVs. Price increases were expected given
    the glass shortage currently in industry & bode well for Corning’s Q3 pricing. “

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  8. Braveflap's Brigade of Rogue Lizard Fighters
    Braveflap's Brigade of Rogue Lizard Fighters

    Come get some!!

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  9. The Fly

    You’re all idiots.

    Goodnight.

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  10. Goin'Fawr

    Righteous Dave. Agreed. LIke C. Walken says, “You people, you sit there….you’re in for one helluva surprise!”

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  11. Captain Anarchy
    Captain Anarchy

    Been reading Zero Hedge, have we Fly?

    Besides even if S&P goes to zero, SRS will still go down – somehow.

    I’m guessing stop sweep in premarket/first 20 minutes followed by mediocre gains or small decline from yesterday until close. Not that my guess is worth much, but CA rightly took people to task for freeloading – so I’ll show my own cards and then go shut up if I turn out wrong.

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  12. GozoTrader

    Still need that fucking flat screen to watch the riots in HI DEF…….. back in the vortex…..all of the green shoots are being stomped by brown turds.

    The FEDs plan still hinges on inflating away our debt……expect a check in the mail soon……should be a Fat one…..

    Whats the awh shit trade? short banks and long guns?

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  13. The Chart Addict

    Sounds like something that I read out of a magazine at the Safeway checkout line.

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  14. dave

    Everybody is stocked up on ammo now. Many online sites that were sold out for months on end now have ammo for sale..

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  15. Mr Denninger's raging bile duct
    Mr Denninger's raging bile duct

    sounds like The Fly’s YTD returns are going to be torn a new A-hole by Mr Clawhammer tomorrow

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  16. ZMoose12

    You sound like my Uncle.

    And the man on the streets of Madrid preaching the end of the world, later being shut up by the Spanish police.

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  17. JakeGint

    How many English as a first language do we have on tonight?

    _______

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  18. Damon

    San Francisco is as gay as gay can be.

    This is gonna get ugly, but if you’re gay, does it really matter?

    BUY! BUY! BI! if I dip, you dip, we dip…

    CNXT what?
    MOS uhm hmmm.

    Oops, this market is like a pubic hair between the teeth!

    Putooweee!

    C’mon, now……Goldman Sachs will surely save us all.

    Hey! Stop calling me Shirley!

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  19. j

    Ummm Fly
    The State of California will break off from the mainland and drift to China, where the crazy bastards from Beijing will enslave the greenies, forcing them to work inside of Nike sweat shops

    Honest… and this would be a bad thing?

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  20. dave

    How the stock market really works: It’s all about the monkeys.

    http://www.investmentpostcards.com/2009/07/06/how-the-stock-market-really-works-2/

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  21. StocksRider

    Sarcasm doesn’t suit you Fly

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  22. francesco

    shorting the market has been easy last sits , market behave short ( get to top level to sell slowly down / toilet down on open ).

    when the bulls reget in we will see it for now they’re out

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  23. StarscreamPowerPlay
    StarscreamPowerPlay

    Highs to be tested soon. Lets hope (and work) for another breakout.

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  24. TraderCaddy

    Once again Wall Street shows what a rigged game the deal is.
    On Thursday (and I commented intra-day) how the chip equipment makers were all positive and had strong money flows (with the DJIA down about 200 all today).
    Well lo and behold this AM we have upgrades to LRCX,KLAC,NVLS,FORM (which had + days Thurs.).
    You young people need to try to get a job on Wall Street.
    It’s too easy.

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  25. EN1GMA

    this is even more encouraging than DevilDog! booyah! ur wrong, it’s all about the “green shoots” sprouting up our arses everywhere!

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  26. Phanta

    Anecdotal evidence of more losses to come: Friday was literally *the first day* since March 6th with NO buying on weakness on the indices.

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  27. The V.King

    I WILL BE SELLING TCK @ The Open ….Why?? Because the V.KIng said so……20,000 shares bought 15.94 sale 16.50 +
    “You young people need to try to get a job on Wall Street.” TraderShitty said, Well….. good sir The Fly agrees with me that you add no value to this board. Your cutting and pasting others misspellings {sic} does nothing for nobody. Why don’t you do us all a favor {sic} and go to South Carolina and get murdered.

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  28. j

    V king why don’t you go and suck your gardener’s old fella , fella.

    Tradercaddy is a good value poster here whereas you’re flaming queer.

    And what’s more you’ve have been rabbiting on about this TCK shit for days now. Either sell the shit or stfu with the same stupid trade….. days on days on end, you boring gay fuck.

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  29. The V.King

    j says: well played ….now remove your tongue from Tradershittys ass. I’ve read his post and 90% of the time he is cutting and pasting others to show their spelling errors…that’s value?
    Since I was invited to post here by his highness the Fly, I will ask him to ban you. Or i’ll just tell your mom that your saying bad words on the computer again….which will get the same results.
    Now sunshine I will be booking a gain of $11,000 profit this morning on TCK to go with last weeks $5,500 profit on said trade….

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  30. Scum Bucket Bitchez
    Scum Bucket Bitchez

    Goldman lives, pensions die

    Goldman dies, pensions die

    Poor pensions

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  31. j

    Gee V king, you really got me there. Wow.

    That’s a fucking huge profit, dude, i never realized you were such a big time trader and all that. Now please go blow the gardener or whatever you do.

    Here’s a bet, I reckon Fly would ban you before he bans me and he possibly doesn’t like me very much either. Now please go suck dick. You’re obviously good at it.

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  32. TraderCaddy

    V.King
    Cut and paste?
    Maybe once in the last few years.
    Forget to let go of your firecracker the other day?

    Looking forward to Fly revealing your true identity.

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  33. TheArtist

    and with all the hype on UNG as a “buy” we see right now it has just hit its 52 week low in pre hours, currently at 12.35……hummmm

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  34. blues

    I like the sound of that. I hope entire human race gets wiped off the planet of earth. Every single human dies… Is better that way… 🙂

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  35. j

    Can someone explain the rationale to me.

    Why is energy leading the markets up or down as I would think in the bigger scheme of things energy ought to trade in reverse at least in terms of large moves.

    Higher energy prices hit the consumer and takes away buying power (or at least saving power these days 🙂 )

    I appreciate the fact that energy may be an indicator for where the US and the global economy is heading, however there are far better ways to figure that out, as stats can do that.

    Why is energy moving in tandem?

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  36. wilmer

    Energy is one of the few sectors with major supply/demand imbalances looking out over the next 5 years. You are looking at sector rotation, j-bop.

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  37. The V.King

    TCK SOLD @ 16.70

    $15,000 profit

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  38. The V.King

    Just bought 10,000 BSX @9.91

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  39. The V.King

    bought 15,000 Q @ 3.97

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  40. j

    Wilmer

    it’s not the sector rotation i’m talking about, it the price of energy hitting 65 bucks a barrel and people thinking this is a good thing for the rest of the market.

    It isn’t.

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  41. The V.King

    bought 3500 IOC @ 28.97

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  42. Mr. Cain Thaler
    Mr. Cain Thaler

    Well you are in luck j, as oil futures just lit on fire as if they were in Kuwait circa 1991.

    Generally speaking, if you haven’t yet maneuvered away from extreme long bias, now may be the last time to do so.

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  43. j

    stocks look okish. bought a tiny bit of euro/yen down here, to get a bit of a taste it,.

    Bought a decent amount dollar yen too, putting my stop close buy at 94.63.

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  44. j

    Cain:

    I’m never extreme biased in any position. I may run pretty large positions at times but never risk large capital drops. That would make me like Devildog and I ain’t DD.

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  45. ZenProfit

    Why would such an esteemed and high-rolling trader like V.King be wasting his/her time here with us peons?

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  46. wilmer

    I agree with you j in that the rising energy prices are not going to be a good thing. Which is why in time I think there is going to be a massive disconnect between the broad market and select sectors. Right now inflation is low so the market can shrug off rising energy prices but it will not always be this way.

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  47. The V.King

    Because I respect the Fly…who’s circles I run in….bought 1500 IOC @ 28.05

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  48. Mr. Cain Thaler
    Mr. Cain Thaler

    No you misunderstand me j. The second half of that statement was for those sitting at home buying FAS on margin.

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  49. Mr. Cain Thaler
    Mr. Cain Thaler

    Riddle me this:

    Why is COF ripping higher?

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  50. TheArtist

    SUN getting ready to hit 52 week low…….

    carry on.

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  51. nascrack

    the nascrack is back and better than ever. Nascrack.com, prepare to be typographically abused.

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    • DSB

      STFU, get that shit out of here

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      • nascrack

        I can only imagine that DSB stands for dick sucking bitch, which is rather distasteful in my opinion, but in any case, very nice use of web slang–clearly living in your parents’ basement has worked out for you. To each his own. Enjoy that Big Mac and 22 oz. Coke, I’ve heard obesity is quite a riot.

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  52. j

    Fair enough, Cain.

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  53. JakeGint

    I like that cover photo of Harry Potter getting chased by Tom Turkey.

    (Promo for the as-yet unreleased sequel — “Harry Potter and the Buzzards of Balthuzar”)

    __________

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  54. j

    Don’t tell Samsung Electronics executives that there’s no money to be made making TVs. Samsung, which is fast eclipsing Sony (SNE) as the top TV brand, announced on July 6 that it expects operating profit for the three months ended in June soared fivefold from the previous quarter, to as much as $2 billion. Samsung, which is also the world’s top memory chipmaker and the second-largest mobile-phone maker, gave no details in its earnings guidance, but industry watchers say the surprise came from its highly competitive TV business.

    The better-than-expected profit forecast also confirmed that the information technology sector is recovering from the global recession. “There’s no doubt the industry has turned the corner and is moving towards normalcy, albeit slowly,”

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  55. The Fly

    Who is this V.King guy?

    I have no idea.

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