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
23,433 Blog Posts

Betting Against Dr. Fly is SHEER MADNESS

Very soon, large goats will consume your beaks, as you meddle around the business of superior men. There is a distinct smell of roasted coffee beans in the air and I do believe, if I might say so, they are the brains of none other JAKOB GINT aka Uncle Fucker. In no time at all, I shall saute his brains in my golden frying pan (oh, the irony, it’s too much), drenched in a nice chardonnay, by way of [[TLT]] melt-up.

Let me be clear, I still own Gammon Gold, Inc. [[GRS]] and U.S. Global Investors, Inc. [[GROW]] and I am not incredibly bearish on gold, despite my dire proclamations. However, it is written; therefore, it shall be so.

Most people are expecting yields to keep climbing, due to the important matter of fiat currency. After all, the banks are enjoying record spreads and life is generally good for those with money to lend and/or make egregious acquisitions. However, you forgot the answers, fuckface. The Federal Reserve has a buyer for their stupid treasuries and his name is “you.” By way of a market panic, or “flight to quality,” you will be buying treasuries soon enough, via 401k’s or through one of you money managers.

You’ll see. Soon enough you fuckers will be crammed into the funnel, trying to get the fuck out of stocks.

If you wanted to go balls to the wall, you would short oil, euros and go long dollars, treasuries. The old Fly would be in the FAZmobile right now, taking uppercuts to the scrotum. But, the new “reinvented Fly” is opting to play it safe instead, via low beta contrarian investments.

Always remember, I do not lose.

[youtube:http://www.youtube.com/watch?v=5c1LNaQKqqY 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

71 comments

  1. Josk

    So from what it looks like. If your flat broke. You dont have much to worry about.

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  2. jg

    fig

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  3. franky

    okay you scared me. buying DPK now.

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  4. Purdy

    gina mcginstein

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    • JakeGint

      Holy crap, try to reserve the angry anti-Jew feelings. They’re not welcome on this site like they are at Prison Planet.

      BTw — Sorry to disappoint. I’m Irish Catholic.

      _______

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      • Purdy

        Give me a fucking break you culturally- illiterate PC policeman. It is a quote from “Harold and Kumar go to White Castle” – I’m calling Fly a pussy.

        Are you aware of the harm that people like you do the the very ones that you like to pretend you’re defending – – or don’t you care?

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        • JakeGint

          Okay, let me take a bite into your as usual, turgid and insipid strawman sammich —

          Who am I — in your considered solipsistic opinion — “pretending to defend,” exactly?

          And I do apologize for mistaking your intent.

          I would note, in my defense, however, that you have attacked my name in similar fashion in the past.

          ______________

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  5. chessNwine

    go eat a burger instead

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  6. johnnyretail

    tza escape pod.

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  7. TraderCaddy

    Don’t mean to interrupt this exciting market action but in honor of the USA beating the Canadians in hockey here is the last few minutes of the USA beating Russia for the gold in hockey.
    It was 30 years ago today. Check out the reaction at about the 8:00 mark.

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

    The USA team were all amateurs (many college) players and spent the nights at Lake Placid sleeping on prison cots in a converted prison because they were broke.

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  8. JakeGint

    C’mon out of your hidey hole, Fly…. weather’s fine out here.

    ________

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  9. TA

    So to get this straight –
    Fly says the government will scare us out of our stocks and into treasuries forcing TLT up short term
    Jake says TBT is the long term play and treasuries are doomed

    Can’t these both be correct?

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  10. Dayman

    After a long and hard day working as a Sandwich Artisan at the world renowned Subway Delicatessen, I like to come home to my 9th floor walk-up on 167th street and try to relax a little. I start out by hand copying charts to poster board, pinning them to the wall, and then hurling handfuls of cooked linguine at them (I make a big batch on Sunday nights and keep it in the fridge to save time.) I make most of my investment decisions this way and it has been accurate about 50% of the time give or take, so I am pretty happy with it and will continue to develop my system.

    I tried to start a blog with my trading and investment advice but couldn’t figure out how to do it, so I just started writing on the walls next to the charts. That being said, if anyone would like to come over and read my walls and maybe write some comments on them you are more than welcome to. Also, you may help yourself to as much pasta as you’d like.

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  11. chessNwine

    Carter Wourth (sic) would say you’re both wrong in the short term and the action will be quite fallow instead. Indeud.

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  12. Jg

    I love you buddy, but what are your indicators? Market overbought? Check. Sovereign debt crisis? Check. US flooding, and I mean effing FLOODING the market with treasuries right now? YUP. double check. But so far it hasn’t amounted to much. The DOW falling 10, 15 points. Maybe 40. Whoop-dee-do. The computers will erase that shit like pure thoughts on Sunday morning in another week and a half. The IMF will extend Greece its first 10 born children and the bulls will go back to humping each other. Right? What do you know that we don’t? And don’t tell me a feeling. Only women have feelings.

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    • TheArtist

      Internal Sentiment Indicator.

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    • scott

      as the uber-brilliant media pundit folks tell us, the “Wall of Worry” is very high. Wanna see the market tank? wait for some GOOD news…

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  13. JakeGint

    For review and entertainment purposes only (do not attempt this at home):

    TLT – 0.37%

    GMXR – 2.10%

    ___________________

    TBT + 0.26%

    CREE + 1.22%

    ____________

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    • sailorboy

      i looked at tlt and ief last aug when i was convinced the market was done. ief intrigued me more than tlt simply because so many people were short the 10yr vs the 30yr. the stories about 10yr shorts were amazing and thus it was surely an easy buy for the contrarian.

      thus, the lure of tlt or ief is a parking spot that might possibly, if we are lucky, increase if the market decreases as people “rush to safety.” i could never convince myself of this and stayed away.

      was this more an instance of an ever-ascending market? maybe. will it be different this time? possibly. we are not below the 200day so you can’t short. a rush to safety is the same as “we believe in deflation” so i actually prefer the surety of cash vs a presumed bond etf.

      so i stay away from yet another flawed etf and stick with cash. just like last year’s fly taught me.

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  14. scum bucket bitchez
    scum bucket bitchez

    Time machine stuff here.

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  15. Paul

    http://www.tudou.com/programs/view/XH5W4vffBbY/

    Watch me work my magic.

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  16. Purdy

    More great Matt Tiabbi writing in the current Rolling Stone …article begins:

    “On January 21st, Lloyd Blankfein left a peculiar voicemail message on the work phones of his employees at Goldman Sachs. Fast becoming America’s pre-eminent Marvel Comics supervillain, the CEO used the call to deploy his secret weapon: a pair of giant, nuclear-powered testicles. In his message, Blankfein addressed his plan to pay out gigantic year-end bonuses amid widespread controversy over Goldman’s role in precipitating the global financial crisis.”

    http://www.rollingstone.com/politics/story/32255149/wall_streets_bailout_hustle/1

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    • sailorboy

      oh please. blah blah blah. how did those conspiracy theories work for you while catching those falling knives last year?

      if you don’t like gs, go buy a different stock. be a man, will ya?

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      • Purdy

        Boy,

        How GS gets its money is not theory. Anyway, the article is not about investing, it is about financial rape. You see, there are things that are more important than stock performance.

        BTW, the knives were soaring last year …maybe it’s time for you to get off the pipe.

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        • Po Pimp

          You see, there are things that are more important than stock performance.

          Blasphemy.

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        • sailorboy

          the only financial rape happening here is me taking money from you. go post your withering cowardice somewhere else – how gs makes its “illegal” money is of no real concern here unless they get shutdown for it AND someone here is holding the stock.

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  17. monaybot

    good night sweet prince

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  18. Fortyniner

    Canada will meet the US again in this tourney, and we will see who eats a bag of dicks then…your boys got lucky

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    • Po Pimp

      Just remember Canada, you are and always will be nothing more than “America’s Hat”.

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    • JakeGint

      Please, without that “gift” power play from the refs that led to a last second goal, it would’ve been 5-2.

      Hey, but don’t get sad… there’s always that ice dancing gold.

      _______

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      • CommonGardenSlug

        It’s a “sport” for pansies, but we’ll take the gold. I take pride in our superior pansies.

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  19. tgarfield

    Fly will be buying stocks higher by the end of the week.

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  20. Cash Is King

    Get out now. The fly is spot on. Look at that consumer confidence. Wow. Perfected sell set ups everywhere.

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  21. Cash Is King

    Just stepped on the gas in the FAZmobile, and blew past a road sign the read “Impeach Obama”.

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  22. J

    Call for a weaker Euro get louder in Europe and Greece is a worthless goat raping country.

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  23. sniper6

    This is an interesting thread. Almost thought provoking, and rather entertaining.

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  24. DMG

    Looking good for TLT :
    Instrument Direction 32nds Price
    Ginnie Mae 4.5% – 30 year Up 5 at 100.968
    Fannie Mae 4.5% – 30 year Up 4 at 100.468
    Fannie Mae 4.0% – 15 year Up 2 at 101.468
    Fannie Mae 4.0% – 7 year Up 4 at 101.25
    Ten Year Treasury Note Up 6 at 98.781
    30-year Treasury Bond Up 10 at 98.656

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  25. WeAreNeoconSlaves

    The Web Site with the Rolling Stone Blankfein article has been
    shut down, and most links have been sabotaged by the CIA Globalists and the Neocon World Bankers. However, they are not quick enough to control the ENTIRE internet.

    Try this link: (About the second or third article down)

    http://www.actionwars.com/

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  26. nd4spdgt

    Try UBT to get more out of your Treasury play.
    (Ultra 20+ yr Treasury)

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  27. OldA

    Fly, nice call on the TLT trade – the double-dip bear crowd is back!

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  28. Milktrader

    Gentlemen do not run in airports, rushing to catch their connections.

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    • Milktrader

      invisible observer: nice embedded haiku that captures the essence of the discussion

      milktrader: thanks, I was worried nobody would catch it

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      • Milktrader

        Having a conversation with oneself is a good illustration of solipsism, or the Cartesian epistemological view sprung from Cogito Ergo Sum. We can all thank Wittgenstein for conclusively putting this false premise to rest.

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  29. bigmovingstock

    Jump into the FAZmobile, small position – just for fun – the turbo is winding up

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  30. arch

    the new “reinvented Fly” is opting to play it safe instead, via low beta contrarian investments.

    i think a congressional hearing will be demanded because of this “reinvention “

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  31. Dirk Diggler

    Buying back some VHC

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  32. monaybot

    The TANG, mang.

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  33. Henry Fool

    BUY 14,000 MSO @ 5.36

    http://ibankcoin.com/henry_fool/2010/02/23/buy-14000-mso-536/

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  34. T MOE

    To name a few of my positions
    25% cash

    Short LVS, MAR, LUFK, APOL, BAC, GE, EWZ

    Long GLD, SLV, ISLN, DRR

    Buying SRS, SLV, DUG

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  35. T MOE

    also short TOL

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  36. snapshot

    http://finviz.com/futures.ashx

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