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
23,599 Blog Posts

73 comments

  1. Mr. President

    My humble input: CBST to $35, FUQI to $30.

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    • Mr. President

      Also, refiners will rally.
      That’s right, bitches!
      WNR to $10, in 2G10.
      You heard it here first.

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  2. mustard seeds

    IBC will continue to draw more and more readers, Fly will bore of the internet blogging as the PPT continues to grow, I will work extremely more than I wish at two jobs, Kaiser the Dog will be loyal all year.

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  3. Largebill

    No predictions here. Just wish you all a fun and prosperous new year.

    Okay, couple minor predictions.
    DUK will climb to 23
    FTK to 3.50 by March
    Sometime between June and end of year FED will begin raising rates. This will actually (and surprisingly to some) spur the housing market as folks realize the chance to lock in low mortgage rates won’t last forever.
    If early in the year you see a major dip in housing related stocks take advantage of the opportunity

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  4. BernieCornfeld

    If I knew the future I wouldn’t need to hang out here and could spend more time with my alpa farm 😉

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  5. Tony

    I predict the lows of 2009 will be taken out in an unprecedented fashion.

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    • sailorboy

      go get ’em, tiger! be sure to let us know how your “extreme out of the money” put works out for you. better yet, man up and sell naked jul10 spy 70 calls and report back in april. don’t worry – you can keep your trading statement to yourself.

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  6. MOOBER

    I love these predictions! Here are mine:

    An national economic renaissance will be born in the Southern US, lead by cities like Atlanta, Charlotte, Raleigh, Louisville and Nashville. Look for massive job creation and economic vitality, leaving smarty-pants think tankers scratching their heads with discarded fried chicken bones.

    The Sham Wow guy will begin rep-ing some new product and it will become the gift of choice for those in the know

    iBC will host video blogs by that Krull guy, but he will not be permitted “tabbed” status

    Kings of Leon and Muse will become household names

    One very famous rock star will die

    Obama will move to the center after cleaning out his staff. His popularity will skyrocket.

    Al Gore will disappear from the public stage, retreating to his Tennessee home where he will be scorned.

    The market will be flat/choppy the entire year, frustrating everyone, setting up a 2011 rally of epic proportions.

    BOOM will hit $30

    YHOO will be acquired by BIDU

    SBUX will be acquired by McDonalds or Yum Brands

    ETFC will be acquired by BAC

    That’s all I have.

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    • TA

      The prediction of Vince(Sham Wow guy) is the best one.
      Anyone who can tell the public that they’ll love his nuts is destined for greatness.

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    • Prophet Joe

      For what it’s worth..

      I am a Nashville native and a lot of people here are thinking “recession? What recession?”

      Tennessee housing market, taking out a bit of speculation in Memphis, is very strong. New home sales here up 59% YoY for November.

      Spoke with a real estate broker last week who informs me that first time homebuyers doing very well – local bankers beat the crunch and are now lending freely. A lot of community banks, Renasant in particular, lending out local cash as opposed to bumming from BAC, JPM, etc. Broker says 1-3 bedroom houses with modest square footage selling very well.

      Music industry getting creative here – realizing live promotion and internet the way to go. Also seeing some activity in financial services for entertainment industry and health care.

      People have cash to spend and lot of intelligent young people dedicated to the city. One business announced it would be closing its doors due to financial troubles, locals just poured in to keep them afloat. Many small businesses opening doors and thriving here.

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      • JakeGint

        NO STATE INCOME TAX.

        Huge bennie.

        ___________________

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      • KreppaNu

        What kind of cult are you running there in Hash-ville? It sounds creepy…

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      • MOOBER

        I live in Nashville area, Williamson Cnty.

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        • mrs buttons

          I live in Nashville area too -shut up already – don’t need no more californicators, or brooklynesians or guidos comin here-we wanna keep it nice and friendly y’all. you left out the Titans too…please people – don’t move here..the Baptist belt ya know…and lousy pizza. …and no place to service vintage Bentlys…..(There. that should discourage them.)

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    • SPBoC

      I like that ETFC call.

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    • Yogi & Boo Boo

      KoL is not a household name???

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  7. Scarface

    Bvx will be taken out over $30
    SHH a bullshit small cap on the venture will go from .07 to over .50
    Gold will go below $750 at some point
    IBC will become the #1 web spot for people serious about banking coin
    The ppt 2.0 will be the greatest piece of money making software ever invented

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  8. punyandy

    Great stuff.

    Shed – I love how S&P 800-1200 qualifies as “rangebound.” Crazy times.

    PS – First 3 times I tried to submit this, the spam protection said the answer to 3+7 was not 10. What the fuck?

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  9. MOOBER

    I also had a spam protection math issue.

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    • punyandy

      You must be a moron, BOOM.

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      • MOOBER

        Yes, I am a moron. However, I was doing the math correctly. The system was not functioning properly. Was just letting Jeremy know.

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  10. SPBoC

    Way better than expected holiday sales will propel the S&P 500 +7.5% in Q1, promptly followed by a european debt default situation that will take the already top-heavy S&P down 15% by May 4th. The next few months will consist of several successful debt refinancings, making a very bad situation look good. This will keep the S&P bound in a shallow upward sloping channel from the middle of May through late July, after which a combination of bad earnings, sovereign default/currency panics, and a flood of bankruptcies send the market down another 10%. A reluctance to bail out companies/institutions will add to this. When we are at S&P 692, around August 19th, a second stimulus will be announced. The market will drag along between S&P 702 – 762, During which time Obama will announce the Larry Summers/harvard plan. Corporate taxes will be eliminated, replaced by a VAT style additional sales tax. International businesses will be enticed to operate in the USA, and work visas will be printed like mad as immigration restrictions are lifted. The pitch will be that the influx of foreigners will stimulate consumption, since we’re all broke ass bitches. This will piss off a lot of Americans, and the stock market will wallow in the mud into 2011 – after which there will be a furious recovery in US equities.

    Gold will fall to 630, and remain there for a long time.

    MSFT will pay a software company with a current market cap of 118M an egregious amount of money over a patent dispute.

    UBS will get a new CEO after Oswald Grübel opens an old wooden chest in a basement vault in Zurich & his face melts off.

    Citigroup will sell the rest of Smith Barney. They will be a $12.00 stock by 1/1/11.

    The Euro will break

    Sarah Michelle Gellar will get in a really bad car accident but she won’t die. She will have a scar.

    Tiger woods will get right back into golf and people will shut the fuck up.

    There will be a massive extraterrestrial event. It will look very real, but will in fact be staged.

    Israel won’t attack Iran. Nobody will until 2011.

    Edward James Olmos will have surgery on his face

    Someone on CNBC will fart loudly on air

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  11. Chuck Bennett

    you girls are no joke.

    nice job, lets do 2010 like we did in 2009.

    I think this site is totaly under valued and will be worth much more in 2010.

    regards

    chuck

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  12. j

    I think the Dollar will strengthen to make a little money on that side. I think the buck will rise very smartly against the Euro and the Yen will be as weak as shit due to the Japs finally turning on the monetary spigot.

    On that score I’m buying a couple of Japanese bank names.

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  13. Hammy

    Given the option, I would repeat this decade. 2010, welcome! 2000, what incredible beginnings you beheld.

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    • Bobby Boucher

      Agreud (sic)! There were some great trending moves in this past decade. I absolutely luv (sic) one-way markets that stay that way for a good, long while. It’s like having your own printing press if you’re a trend-follower. Look forward to the possibility of more of the same this decade.

      fid

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      • JakeGint

        You need to have a conversation with all the gold disparagers above. Was there a better trend to follow?

        ________

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        • Bobby Boucher

          Agreud (sic) that gold has been a great trend, JG. And for the time being the trend still says up in gold after what looks so far to be a normal pullback. Feel the need to add the caveat here that this is for the metal itself, not the minors (sic).

          fid

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  14. thedori

    Economic recovery will prove much stronger than anyone thought and the Fed will have to sharply raise interest rates by Q2 2010.

    USD will go higher, probably coming back to 0.89-0.91 against the euro.

    The market will finally see some top line growth and will drift higher but in a much more normal fashion than the past two years.

    Inflation should make a sure comeback in peoples’ minds which will push treasury rates higher and the bond market will go down after a phenomenal year.

    Natural gas will go much higher in 2010.

    Tech and consumer stocks will go even higher with consumption and IT spending recovering from very depressed levels.

    Google will kick ass in the mobile handset markets.

    Infrastructure and renewable energy related stocks will go much higher. Look for Echelon, Itron, ABB, Veolia Environnement, American Superconductor to go much higher.

    The real-estate and fixed investment markets in China are clearly in a red-hot bubble, but in 2010 everyone will be too busy trying to forget 2007/08 and won’t bother about that. This in turn will set the seeds for a real-estate and banking crisis later on, say by 2011/12.

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    • Mr. Cain Thaler

      I’m not surprised. So Miller made some boneheaded moves? The man’s not an idiot, which he’d have to be to fail to regain his standing over this past year, especially with his general propensity to go long during the first part of this recession.

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  15. Damon

    MOS about to screw the pooch (earnings on 1/5/10 a.t.b.)

    POT not good for anything but smoking right now.

    Twenty-Ten is moving on in, and the great OZ…er, the market, is about to have it’s curtain pulled back, exposing it’s lily white arse.

    As for the PPT….

    Oh baby, when you touch me there!

    Rock on.

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    • Damon

      Oops…2010…

      “The Fly” will have a book published (yes, I know I called it wrong last year!)

      I have faith the $$ advance will be too damn enticing for him to pass up.

      If this does not happen, then the Fly (or Mrs. Fly) obviously don’t want it to happen, which can only be good, right?

      Finally, god bless all of you iBC long and loyal, year over year bastards (many of you, which have become tabbed bloggers, thanks to the Flymasters Godfather-like blessings)

      And….oh yeah, and keep the good stuff-a-comin’, baby!

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  16. Gunners

    everyone seems to think the market is going to get it’s teeth kicked in during january…

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  17. iSpankLoin

    My prediction….

    iBankCoin will go public under the ticker symbol IBCB (I Bank Coin Bitches) and will start the next dot com bubble. Rocketing from a $5 ipo price to just under $400 per share (after 2 splits) by Dec 31 2010.

    TK will short IBCB at $9 saying the chart looks prime for a correction, and will hold out until just 2 days prior to the bubble popping.

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  18. Fook

    From 1 year ago:
    ————————————-
    The Fly says:
    December 29, 2008 at 3:12 pm

    By the way: there is no tax loss selling to be had. Moreover, early 2009, everything bad will morph into good. People can’t wait to get their hands on stocks.

    Can’t fucking wait.
    ————————————

    Nice call, sir. Some of the rest of the comments on that post are hilarious.
    http://ibankcoin.com/flyblog/2008/12/29/early-09-set-ups/

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  19. TraderCaddy

    In 2010 Tiger Woods will give up golf and become a priest.

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  20. TheArtist

    I see none of the bloggers mentioned the prediction for 2010 that Glass-Steagall could be reintroduced.

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  21. SteveTheNeighbor

    Sometime in 2010 Fly will take the Obama Hope and Change bumper sticker off of his PT Cruiser and will allow the illegals who mow his lawn to move into his tool shed so they can be on call 24/7.

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  22. TMoe

    GMAC to get $3.5 billion more in government aid
    What happened to the 12.5 billion they have already received? We hear that there was actually money made from the TARP. Where did that money go??

    What a crock of shit!!! Is GMAC too big to fail??????? More payoffs from the BHO admin.

    Who’s next? we know that Fannie and Freddie have a blank check, another crock of shit to payoff friends of the admin and congress

    What about GE capital??????? They have some nasty shit they are holding?
    Will he bailout his friends again? My guess is yes. The taxpayers get fucked again.

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  23. Mr. Cain Thaler

    I already listed mine at the start of November, but I’ll re-bullet them:

    -Healthcare gets passed. No public option. More than $1T in hindsight. (already off to a good start)
    -No cap and trade.
    -Rate hike in late March or early April.
    -Real estate depresses from hike towards second half of year.
    -Bankruptcy filings increase unexpected into first of 2010.
    -Credit card companies and banks get hit by rate hike and bankruptcies.
    -Social Security and Medicare/Medicaid will see their funding issues addressed, although it will be another quick fix.
    -New standard for purchasing oil created; a basket of currencies and commodities.
    -Democrats lose the House. I’m not touching the Senate.
    -Fiscal Conservatives (or unFiscal Republicans just pretending) sweep local elections.
    -We will officially announce to have made a recovery and exit the Recession. Unemployment will be forced below 10%, if only through dishonest reporting and data manipulation.

    Going forward, Obamacare will not be rescinded, even though Republicans will be in a position, over the next decade, to do just that.

    I’m also adding one more prediction.

    -The emergence of a new, large competitor in the banking sector. I’ll disclose my thoughts in the PG later this evening.

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  24. buster hyman

    Fly,
    could you post your predictions from 2009? Would like to see what you got right.

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  25. Dr Fly

    Check the sidebar for 2009, 2009 predictions.

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  26. TMoe

    I’ll play the game and list a few:

    Food shortages will begin to start, especially in Europe. This will cause imports to rise and
    Income will remain depressed and hunger will climb which will lead to unrest.

    Terror attacks will increase, There are many radical muslims that are ready to act alone. There will be more attacks tried like the one on Christmas Day
    There may be a major strike that will badly hurt the economy. If this happens Oil will sky rocket, the markets will crash.

    Greece will continue to fall and a huge panic there will come.

    TV/Media Networks will continue their fall and weaken further.

    Protectionism will rise and perhaps some trade wars will surface.

    Municipalities and states will go bust and look for a bailout

    The bursting of the housing bubble (which I believe is just half way) is going to continue and will get worse. Other loan categories may outstrip subprime loans in terms of aggregate losses ( the Alt-A category is hot on subprime’s heels). Construction and CRE will follow up the rear with unsecured consumer (ex. credit cards) and commercial loans fighting to get into the race.

    Home builders will take a beating

    Banks will need more capital. There are huge looses that have most likely NOT been claimed by the banks, and they are significant. The credit deterioration trend is climbing, not falling. The Case Shiller Index is flawed, prices will soon start dropping again creating another rise in losses.

    Goldman will go private. Hell the insiders may even crash the stock to get in at basement prices.

    FDIC will have to tap the Treasury in a very big way. Bank failures will escalate.

    Gold and Silver will continue to rise.

    LVS will get hammered when their payments come due.

    MGM speculators who are buying calls betting the stock doubles will get fucked

    BAC loses big, again
    C loses big again
    GE Capital creates sell off in GE

    Bailout bubble burst creating a market collapse.
    S&P goes back to its lows late 2010

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    • mrs buttons

      geeze, who peed in your cheerios? There’s a woman you should hook up with – – you can find her on the beach in Venice – she walks up and down all day holding a sign in one hand that says The End in nigh – and hangs onto her rhinestone tiara from blowing away on the toxic santa annas with the other hand.

      Happy New Year!

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  27. john r

    first off, i predict that we will see the fly on the next season of the Jeresy Shore

    but i do think the dollar will climb in Q1, and that in the short term oil will come down from its high. the middle east needs cash and so will flood the market

    i would like to buy into drys at around 5.5 and get to 10 some time within the year
    also BX is still cheap at 13 and it is something that i have owned since 10.

    ntaps will either buy or get bought this year. i am thini

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  28. Joe

    Here are my predictions since you asked:)

    The only thing I am certain of is that the dollar will catch offguard everyone and rally higher than most expect, mu guess, at least to .85.

    The rest are so unpredictable is not even worth trying. If $ rallies above .84-85, the markets will tank. My guess is that the market ends unchanged YE with 20% drop in the first quarter and later rebound. The states, banks and CRE will need more bailouts and will get it and not kill the market. We will never see the 09 lows again. action of the FED and Treasury has convinced us that they will fo anything in their power to not allow this. They will prevail. TNX will stay between 3 and 4% regardless of new QE and new bailouts, or because of that. No inflation showing in ’10. Deflationary undertones will still prevail. Taxes will increase very little if any at all in ’10.
    Gold at 930 is a dream buy longer term, although it could dip as low as $750.
    Black swan event very likely via one of the large euro region defaults, think PIGS or even larger in a way of austria or even england if the fire from pigs catches on.

    Happy New Year to all

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    • mrs buttons

      how can gold go down to 750 with the Chinese hoarding the stuff and everybody else buying it like no tomorrow?

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  29. The Fly

    Gold is the enemy of the federal reserve. As a result, it is subject to manipulation

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    • go2mars

      The Federal reserve is also subject to manipulation. And the same people who own the London gold reserve (and control vast amounts of it) also own the Federal Reserve. my guess of course. But in the end, it is much better to have gold than fiat over the next few years.

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