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
23,443 Blog Posts

Do You Hugh Hendry?

Why yes, as I matter of fact I do.

skip to 1:00

[youtube:http://www.youtube.com/watch?v=U2EXbr9472w 616 500]

He was just off by a year and change.

Carry on.

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88 comments

  1. Le Fly

    That’s right , i made that fucker a verb.

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  2. jg

    fig

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    • mrsbuttons

      .

      Hugh reminds me of that skinny little effer in Trainspotting…

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      • JakeGint

        Yes, thought the same as I watched. Also known as Obi Wan Kenobi — not as skinny in that one, though, roight?

        Ewan McGregor.

        _____

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  3. chessNwine

    CNBC Europe is better than US imo. I’ll take Geoff and Steve Sedgwick over the fuckers in America.

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    • The Fly

      100% correct.

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    • BernieCornfeld

      I am rather fond of the Australian hotty…Mandy or some other?

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    • cebu sun

      The cnbc producers somehow came to believe we prefer “personaliites” like Senator Kudlow and interuptus Kernan. They keep the drive by car wreck gawker- infrequent viewer, but lose their core audience. Congrats cnbc- similar to GMC you were handed a top franchise with but one small competitor and you managed to run it into the ground.

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      • mrsbuttons

        Kernan ..been phoning in his squawksnore for the past 11 years maybe? – alas, he’s too anonymous and boring ot get an asshat I guess?

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        • cebu sun

          MrsButtons
          I don;t see kernan as phoning it in, but the opposite. He will not allow divergent information from a guest. if he doesn’t agree he does not act like a reporter and bring forth reasons. Instead he cuts off the guest (clult of personality)and inserts his own insipid opinion we could care less about. If Kudlow and Kernan and Cramer were held accountable for the Millions of dollars they have lost their viewers over the years. Vicious clowns all.

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  4. Jesse

    So; what he’s saying is we should invest in Big macs and the uk; hot damn; i’ll go buy a couple hundred of those and be a gut busting billionaire. Question, Big macs on currency how many calories does it take to produce a dollar?

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  5. lindsay

    thx Fly and Jeremy– PPT sign on issue was fixed literally within 5 minutes of my post followed w a phone call
    to ensure it was working. very nice

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  6. V.King

    You should only invest in C.D.’s….maybe a case of Air Supply and Chicago’s greatest hits

    10 10 10

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  7. Alvari40

    Fly,

    I have been a fan of Ibankcoin from the old days (5+ years) and have never seen you prognosticate future market direction as much as you have the past 2 weeks. I have always seen you as a trend trader that neither catches the top or bottom of extended moves. In fact, you tend to give back a chunk of your profits after riding in one direction for some time, switch, and then go the other way for an extended period of time. It’s different here. Did you dust of the Time Machine and take ‘er for a spin? The most troubling part is that you are making friends out there with FAZgots. Your fortelling the future and being in 50%+ cash and not shorting is a head scratcher – a new side of the Fly if you will. I truely find this entertaining.

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    • The Fly

      The Fly 2.0, with extra plutonium.

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    • scott

      IMHO, The Fly is forecasting a change and adapting to the changing conditons as he sees them…It is the spine of all “good” money managers”. Even ones that travel in space…

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    • Heaterman

      Five years ago the government wasn’t twirling its index finger in the brain of the market to the extent it is now. And screwing it all up I might add. No one knows what to plan on these days because of that amped up wild card. Sure, government actions or the lack thereof have always influenced the market but probably not with the purposeful intent of the current crop of lawmakers.

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  8. Flatman

    Something ain’t right.
    Who are you, and what have you done with The Fly?

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  9. Phil_from_Brazil

    Hugh isn’t always spot on with timing, but he’s brilliant when it comes to big picture trends.
    Here’s an awesome panel with Hugh Hendry, Marc Faber, Nassib Taleb (of black swan fame) and others, at the Russia Forum, held on Feb 4, 2010. Faber introduces the panel, asking each of the speakers to give specific trades for the next 12 months. It’s pretty good stuff.
    http://2010.therussiaforum.com/news/session-video3/

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    • Anon

      Bingo. Le Fly makes a big deal about Hugh Hendry being “wrong” for so long, but that fact merely reflects upon the magnitude of the pricing distortions that have yet to correct. It is easy for Le Fly to serve roast crow, but his risk profile was likely far higher than what he imagined it to be during this nearly toasted bear market rally.

      However, if Le Fly gets on the BBC to debate Stiglitz, I’ll be sure to tune in.

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    • wow

      Thanks Phil, that was an amazing panel.

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  10. PTVA

    What does “Fig” stand for? is that equivalent to someone saying “i posted first”? If so that is pretty idiotic. That is all.

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    • Alvari40

      FIG = “Fondle Ingots of Gold”

      It’s actually a message sent every post to Jake who is just wacky about the metal.

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Fluck it …. Fluck It Good

      Of course the challenge is to beat The Zombie to the post as he is responsible for starting the whole thing and doing so “ruins” his day of the dead if you will.

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  11. Le Fly

    Anon

    Touche

    But i am long treasuries now, with mr hendry. Remember, it is my job to defeat others in my profession. Pardon my candor.

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  12. Le Fly

    Futs get poleaxed

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  13. MadMax

    Not to speak of another topic. But this whole “Toyota” things is funny. Government owns GM, so go on a witch hunt for their compettitors and dive their stock

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  14. bWana

    in much more important news. Canada SPANKS Russia 7-3!

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  15. dave

    Man vs Wild – survival enema. That’s right; the most important survival tool is an enema bag and tube.

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  16. Slaying Dragons

    I was looking over the PPT market hybrids tonight and noticed something interesting. On similar days (ones which shared the same market hybrid score) in 2009, specifically 2/5, the market proceeded to head lower soon afterwards.

    After 2/5, 2/6, it headed sharply lower.

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  17. The_Real_Hmmm

    Thanks for the Russian Forum link PFB, there was some good dialogue in there.

    I bet Nassim Taleb only eats at tapas restaurants.

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  18. Flatman

    Yeah, Canada was playing ANGRY last night. Plus the puck movement was incredible. If that’s the team that shows up to the gold medal game, the USA is pucked.

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    • JakeGint

      Yeah, but that’s the way they were playing against the US.

      They at least doubled our shot count in that game… it was all Ryan Miller that won that game for us — so that’s the real test if we play them again… can Miller stay superhuman and can Brodeur continue to show his age.

      ________

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  19. Sam

    The TLT call may turn out to be inspired. I think we haven’t had two consecutive down years in long bonds ever. And with everyone so bearish on them, a treu (sic) contrarian play.

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  20. TraderCaddy

    Done for the AM.
    Thanks NEM long.
    Unless existing homes sales at 10:00 surprise and they could because the negativity and low expectations are so bad (especially after the starts info yesterday) that it could be baked into the homies.
    XHB or ITB could be a good Spitzer or Woods in and out.

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  21. FIG

    Buying ES right here. What a fucking deal on a nuclear services company. Energy Services is about to take off people.

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  22. monaybot

    reinvented fly is missing out on monster shorts

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  23. FIG

    LOAD the hell up on ES people. I cannot believe these fucking assholes sold that shit off. That company opened an office in Piketon, Ohio last week, by the way…. This shit is happening, and ES is about to explode higher.

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    • Fleeced

      Why shouldn’t they sell a piece of shit that was 20
      and now is below 7 – and looking shitty?

      Quit talking your book.

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  24. FIG

    I promise you people right now that Fly will follow me on this trade if he sees this. Fly, take a very serious look at ES.

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    • TheArtist

      anyone already in USU should jump on it…..they’d have the making and the ending of radioactive materials.

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  25. Purdy

    …being disabused of the notion that senators are any brighter than congressmen.

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  26. TraderCaddy

    Oops.
    Existing home sales tomorrow at 10:00.
    Off to practice my putting for an hour or so.
    Good trading.
    PS Watch KRE etf for a possible long scalp.

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  27. rd

    No one making mention of the Fly removing his banneur (sic)? No more “i see the future, with higher prices”…bring out the burlap!

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    • TheArtist

      not this year but next year it could read “I see the future, and it has soup lines in it.”

      ha ha.

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  28. henryfool

    Gas them Bears!

    http://ibankcoin.com/henry_fool/2010/02/25/buy-end-gpre/

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  29. Gbest

    @Flatman
    Olympic Hockey is a Joke. They have to win 6 games for a gold medal, 4 teams are the only contenders at that. Also I believe the coutries don’t even have to qualify for the olympics, if your sweden, canada, etc your in the olympics.
    Mens downhill as about 30 racers in it for example, with bottom to top 1.5 seconds apart, top ten about .3 of a second apart
    I think hockey must be the least represented sport at the whole games.
    6 games, you win them all and Olympic gold is yours, what a joke…Canadians get so exticted about this, the competition is a joke, what competition.
    Beating Russia by so much just shows what a lack of competition it is.

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    • FIG

      yeah, and think of Eric Heiden in 1980. The man won 5 gold medals, dominated every event he competed in. The US won a total of 6 golds that entire Olympics, and all people remember is “the Miracle” What a sad situation.

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      • Doc

        Not to mention you can see all the Hockey players during your regular NHL season 3 times a week!

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  30. JakeGint

    Hugh Hendry can fondle my gold ingots, because a funny thing happened to me on the way to the Meltdown…

    Is the Castroite Demagogue-a-thon over yet?

    _______

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  31. TMoe

    Lufk short that I put on a few days ago working like a charm

    TMoe shorts GS at open at $156 GS looking to squeeze a few bucks out of the beast as she heads down to $148

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  32. Gbest

    world cup takes 2 years to qualify for, just getting to the event is an accomplishment, you have to be very good. The finals in South Africa this year is just that, THE FINALS, it’s the middle of the competition.

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    • JakeGint

      Huh?

      _______

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    • guns and weeeeeee(d)
      guns and weeeeeee(d)

      I live in Durban (East Coast of South Africa), frothing for the world cup, cheap beer and gorgeous women, bring your guns though cos shit gets fucking crazy! PS our president has 4 wives and cheats on the side…BOOM! we have no morals, awesome.

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      • MOOBER

        I enjoyed my visit to S. Africa a few years back. Got to visit your fair city, Cape Town, and Jberg. I’d live there, especially Cape Town.

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        • guns and weeeeeee(d)
          guns and weeeeeee(d)

          Cape Town is an amazing place, I think the whole of SA wishes they lived there!

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  33. Gbest

    @jake,
    Just talking about how Olympic hockey is a non event, check at posts above

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    • FIG

      Olympic hockey is hardly a “non-event” from a political and economic perspective. From a sports perspective, I agree, it’s a joke. However, take a look at the impact from the 1980 team on the psyche of America and the Soviet Union. This was in the face of the single best performance by a winter Olympian of all-time. Americans were so enthralled by the politics of the day, that we ignored the astronomical achievements of Eric Heiden. The man’s achievements were on par with Michael Phelps, yet no one remembers it.

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      • JakeGint

        Of course people remember it. He was on the cover of Time w. five medals on his chest.

        It’ just that speed skating is not a popular as hockey in America.

        Not like the Netherlands, where it’s the opposite, and that coach’s house is prolly firebombed right now.
        __________

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  34. Yes Man

    Oil is crashing

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  35. Asteroids

    I love Hugh. He’s is a self admitted Turrets. I’d love to see this guy with a few drinks in him. Canada to win gold on Sunday!

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  36. Gbest

    you mean Canada will win 5 games out of 6, to take home the gold, big deal.

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  37. Mushroomz

    Olympic hockey has been fucking awesome, so many competitive games. Switzerland took Canada to a shootout, USA beat Canada in one of the best games ever. There have only been a couple of blowouts such as Canada-GER and Canada-RUS.

    I agree that it is not anywhere on the same level as the World Cup of soccer but that is fairly obvious. These are the best players in the World and they are playing their heart out, not to mention that Olympic rules make for a much more fluid and exciting game than NHL rules, and no commercial breaks helps the players stay in rhythm. I hope the medal round is as good as the previous games.

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  38. Gbest

    yes world cup is an extream example, but name me any other event in the olympics were you compete in 6 games or agaisnt 6 persons and win a gold medal.
    Any other world team competition were you win 6 games and your world champ

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