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

Let it Marinate

There is no reason for me to blog today; yesterday’s final post is sufficient. However, being the charitable guy that I am, I’ve decided to blog again, even though you do not deserve it.

Just yesterday, I warned you of a pending correction. I told you to leap into the Treasury boat, as if it was filled with great whores and delicious mutton. Needless to say, you chose to not get involved.

Is that still the case?

I knew the market was heading lower, based upon a sublime harmony in mathematical precision aka The PPT. We have spent countless hours trying to get inside of the circuits of those dastardly trading robots. Let today’s move in [[TLT]] serve as proof that Senor Tropicana aka HORATIO CLAWHAMMER knows what the robots are thinking.

As an aside, I will be buying Brocade Communications Systems, Inc. [[BRCD]] on this dip. But, I will not buy any stocks, until the shadows near my favorite urinal quit using profanity. It really gets annoying. Trust me.

Here is the trade: long [[TLT]] , [[UUP]] , short euros, via [[DRR]] . Or, if you want to be aggressive, take a looksy at the 3x Treasury ETF, [[TMF]] .

Bottom line: This will be a mild correction. If you see it coming, try to avoid going down in lockstep with the broader indices, via utilizing some of the hedges or alternative investments mentioned above.

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37 comments

  1. Cash Is King

    Any opinions on the market close with short-sale rules on tomorrows radar. Think bears will cover or a non event.

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  2. Barney Frank

    Can someone help me get this gerbil out of my ass?

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  3. Barney Frank

    Can someone help me get this gerbil out of my ass?

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  4. Mercier

    Pretty cool app, but how come only one out of twenty comments has anything to do with the post? Have i missed the boat?

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  5. Booby Flay

    Now you’re talkin my language

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  6. snapshot

    http://finviz.com/futures.ashx

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  7. Frank White

    Darren the goat agrees.

    http://weeklyworldnews.com/mutants/15034/darren-the-waving-goat/

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  8. Heaterman

    Think TM is getting into buy range here? Or do they have more room to fall?

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    • TA

      I like it around 69ish if that holds for a few days otherwise the low 60s.
      For a long term hold only(6months+)

      Right now it’s just a falling knife

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  9. NB

    Note to cliff divers:
    I just dipped my toes in the pool; the magma is very hot today

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  10. Jimmie

    I just bought 43,000 bushels of cotton anyone got a warehouse?

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    • Rally Monkey

      Just put it next to the 100 truck loads of burlap Jimmie

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      • Jimmie

        I just had my stochastics checked and I was supposed to buy pleather instead of cotton. Fuck.

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  11. The_Real_Hmmm

    I got a new one for you Fly.

    Grill zucchini strips (3/8” thick) with some olive oil and salt and pepper until a little blackened. Mix the following ingredients in a bowl and lightly whisk together: 1 segmented orange/clementine, 2-3 tablespoons of honey, 3 tablespoons of chopped mint, and a quarter cup of red wine vinegar. Pour the contents of the bowl over the zucchini and enjoy with wine. Discard charcoal briquettes into neighbor’s paper recycling bin. It’s fucking awesome. Indeud.

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  12. scum bucket bitchez
    scum bucket bitchez

    Fly & TLT = Ballz of Steel:

    http://www.youtube.com/watch?v=IE3KdcTgrno

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  13. Henry Fool

    play the MSO bounce if you think the market goes green.

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  14. Yes Man

    I think you are right about Oil Fly.

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  15. BigMike

    Ahh Mortal Kombat, one of the greatest game in my youth growing up…

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  16. TA

    I like 1085 at the bottom of the consolidation range if we get there.

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  17. Dirk Diggler

    Bot more VHC around $5.25 – $5.30.

    http://www.wallstreetcorner.com/daily.html <– Just found this page; great assessment of the VHC vs. MSFT trial.

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  18. Aristotle

    Fly, your winship is truly impressive!

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  19. StocksRider

    Word, Monsieur Fly! If more and more of world currencies are looked at suspiciously, the more dollar has a reason to keep going upward. Remember when the huge crash happened the dollar went upward because the entire world tried to hide their heads in sacks of dollars? Now in a weeks time, Germany and France could come forward with some gay announcement of how they will help Greece and that may turn out to be a short term pullback for dollar again. Possible, eh?

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    • The Fly

      It is a great help to the EU to have its currency devalued. I’m trading conspiracy theories at the moment. So far so good.

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  20. V.King

    I’ve said it 3 times …NOW 4
    LMLP

    The next one to go is ACLS

    ALSO in the next 3 weeks the V.King will give you a BUY rec on 1 of his Penny Stocks

    V.King 10 10 10

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  21. V.King

    Of course after the news comes out officially….

    on another note http://pajamasmedia.com/blog/climategate-and-the-law-senator-inhofe-to-ask-for-congressional-criminal-investigation-pajamas-mediapjtv-exclusive/

    Long Live the PPT, Jake Gint & The V.King

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  22. scum bucket bitchez
    scum bucket bitchez

    Let the TLT nut squeezin’ begin!

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  23. The Fly

    Mercier

    The app is just an extension of the site. Come to ibankcoin.com for the whole “experience.”

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  24. Mercier

    Lol, thats mr. Eggplant to you ass hole! Ill go and check it out, is that where you downloaded the ppt i hear mentioned?

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