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
23,455 Blog Posts

Blame it All on the Boomers

The baby boomer generation aka “the worst generation in human history” is responsible for the mess we are in now. Those hippy bastards were too focused on fornicating to realize they done fucked up the country something awful, with all of their “stupidness” (thanks for the BOE teu!). Those motherfuckers invented drug abuse and subsequently, later on, invented credit default swaps—as well as number of other weapons of mass destruction that can precipitate Armageddon.

Fuck you and your tortoise rally, pal. Prices are coming lower, in the near term; and I, Senor Tropicana, will be able to buy your margin calls for 70 cents on the dollar.

Good day.

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91 comments

  1. manuelstop

    naw, DOD, the ergot fungus, and Harvard.

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    • mrsbuttons

      it was a GEN X asstard did the CDO thingy..and if it wasn’t for us bee-youmerz you’d be speaking Russian. Cheers!

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  2. Haight Ashbury Hippy
    Haight Ashbury Hippy

    Why the negative energy Fly?
    LSD + CDS = LOVE

    Peace

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  3. Mike

    yea u wanna bet we go higher.. sorry man indicators don’t work not even ur mathematical computation of another formula PPT

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  4. Itchy & Scratchy
    Itchy & Scratchy

    The Fly is kind of like General Patton. He makes outrageous statements but you never quite know when he’s only kidding.

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    • DownTick

      ‘Cause when you reach over and stick your hand into a pile of CMO goo that used to be your best friend’s mortgage, you’ll know what to do!

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  5. AL

    But don’t ask them to take a 20% cut on their retirement benefits so the nation doesn’t drown in debt, God forbid! And don’t even think about rationing healthcare, aka telling some d-bag that insurance will not cover his 25th testicular cancer exam in a year (they look weird because ur overdoing the Viagra, a sweet recreational drug that is also covered by insurance because you made up a disease called ED!).

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    • mrsbuttons

      Al said…But don’t ask them to take a 20% cut on their retirement benefits so the nation doesn’t drown in debt, God forbid! And don’t even think about rationing healthcare, aka telling some d-bag that insurance will not cover his 25th testicular cancer exam in a year (they look weird because ur overdoing the Viagra, a sweet recreational drug that is also covered by insurance because you made up a disease called ED!).

      ..yes yes and not only all that, we also made the worst parents on the planet – too self absorbed ya know and we spawned subsequent generations of really rotten kids..gen x, y, and z that are ten times worse than their parents…Cheers!

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  6. rd

    I couldn’t agree more. The Boomers are unbelievably lucky and they totally don’t know it. And with the current financial maladies going on, you can tell there is a sense on their part of “please don’t call us out on this, just let us go out on a high note.” A boomer might tell you that if you go to college, then work hard and invest in index funds, you WILL become a millionaire. They may be too busy congratulating themselves via high-fives and towel slaps to the buttocks, but theirs was a reality that had a MASSIVE tailwind built into it which made “success” so easy.

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    • omfgitsjd

      Obviously, sweeping generalizations about an age class is academically unsound.

      I will say however, if you were an Enron or Worldcom exec you’d be having brazillian beach girls bringing you martini’s about now too. Unfortunately the viagra still won’t be enough to impress them. It’s the multimillion dollar accounts that get em going.

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  7. TraderCaddy

    LOL re: Boomers. At least they know how to protest everything.
    And don’t forget to blame the the Boomers for giving birth to the lazy Gen. X crowd who gave birth to the Gen Y crowd who feel like they are entitled.
    Save us from the Gen Z crowd (otherwise will be known as the Gen-Me crowd).
    A little Jefferson Airplane to get the groove on. Far out man.
    http://www.youtube.com/watch?v=JUbMWtUyIIE

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Are we talking Boomers as in The Greatest Generation or their offspring The Baby Boomers?

      I blame the Boomers for all this shit … they created inflation, social security and medicare. Blame them for establishing deficit spending, buying on credit, high interest rates and the cost of energy in the 70’s with no energy policy to follow after that first scare when oil went to $50/barrel … their high standard of living forced the Boomers to create the Two-Income family to maintain that standard and when that failed more deficit spending via HELOC’s to be able to vacation, afford two kids, two cars and wall to wall not to mention the boat and snow mobiles.

      Baby Boomers had to deal with The Cuban Missile Crisis, The Kennedy Assassination, Nixon’s Price Freeze, Watergate, Lawrence Welk, Gas Lines, Vietnam, Kent State, Nayru Jackets, 18% Interest Rates (Thnx Volcker), Jimy Carter, Liberace, Arthur Laffer & Supply Side Economics, Forced Busing, Gloria Steinem, the Pill & IUD, Abortion Rights, Watts, The Banking Crises, The Market Crash, The Tech Bubble, The Internet Bubble, Tiny Tim and Drunk Driver Roadblocks …. and you think it was easy making money through all that turmoil???

      Good thing we had Sex, Drugs and Rock n’ Roll to keep us going or you guys wouldn’t even be here!

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  8. MOOBER

    Man, am I ever glad I changed my name to MOOBER.

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    • TraderCaddy

      Funny.
      When did you get the corneal transplant?

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    • Caffeinated

      HA ! TC & Moobs provisioned virtual karma credits for the wit ^^^

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    • Danified

      Moob: Nice change of the Avatar inside. Cracked me up today. Cheers 🙂 …. now only if I could nail: Boom, like you do….. 🙂

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  9. Yossarian

    So, go fuck yourself, you dippy diplomat…. I’m sipping on a splendid Bordeaux whilst gazing at vintage Jane Fonda and Gloria Steinem pinup pictures; very scarce, btw.

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  10. chessNwine

    This post officially makes Tom Brokaw a Simple Jack.

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  11. TraderCaddy

    Oops.
    Here is a better Jefferson Airplane video showing hippies doing dope and dancing in the streets.
    Groovy, flower power, and all of the hippie crap.

    http://www.youtube.com/watch?v=JfV33HwWkVQ

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  12. Ranger

    Any of you have thoughts on RIMM going into earnings next week? I was at a Verizon store this weekend and the reps there claim droids have been outselling blackberries 10 to 1. RIMM gets 83% of revenue from device sales… makes me want to short the name personally

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    • TA

      1) Most Blackberrys are not sold through stores but directly via the carrier. Only very small businesses and consumers go the the store.
      2) Carrier store employees are one step up from McDonalds workers

      Investing via the anecdotal is beyond stupid

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      • JakeGint

        Defend that Canuckistanian territory!

        No scheiss, I was gonna get a Droid, and then realized I needed a device that would continue to use the Bberry Enterprise Server for mah bidness.

        And since I am NOT the Fly, I refuse to get two phones just so I can be “juggling device man*”

        So, so sorry, Droid.

        Now, when is Crackberry going to come up w. a Droid like device??

        _________________

        * No schitting, I have seen it.

        _______

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        • mrsbuttons

          wow – who knew you needed a bberry enterprise server to mix metaphors and dangle pariticples!

          btw – are you still long JAG? GDXJ?

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        • TA

          The Storm2 is decent, not quite as smooth as the iPhone but a great choice for a someone who needs a BB but wants a touch device. My CEO really likes it and he’s picky.

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          • JakeGint

            Interesting… I heard bad things about the original Storm… they got it all worked out w. #2?

            This is why I am not an early adapter of anything btw.

            We just got flush terlets in the house last month, s’mattah of fack.

            _____

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  13. chessNwine

    Ragin Cajun loves it, but he will probably take some off into further strength. He has made some good coin on it and has detailed it inside the PPT.

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  14. The_Real_Hmmm

    And positiontrader and I sweep further ahead in the 2010 Stock of the Year contest. Can’t say I’m not surprised about the news.

    http://www.marketwatch.com/story/b-of-a-will-try-principal-forgiveness-first-on-some-mortgages-2010-03-24

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  15. mrkcbill

    “Those motherfuckers invented drug abuse and subsequently, later on, invented credit default swaps—as well as number of other weapons of mass destruction that can precipitate Armageddon.” Classic The Fly

    Designer Jeans
    Organic Food
    SUV
    Cul-de-Sacs
    Granite Counter tops
    Hot Tubs
    Infomericals
    Vegas
    V.King

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  16. FIG

    They also created the Keurig. hmmmm

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  17. DownTick

    I’m inclined to Blame it on the Boogie, instead.

    http://www.youtube.com/watch?v=vjW1iq4IO2k

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  18. Joe

    I’ve told you that the administrations new focus will be the banks.

    “Wolin’s remarks — and a White House meeting between President Barack Obama and leading administration and congressional authors of the regulatory overhaul — signaled a new determination to make reining in Wall Street the next presidential priority.”

    http://finance.yahoo.com/news/Feisty-administration-pushes-apf-855560161.html?x=0&sec=topStories&pos=1&asset=&ccode=

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  19. Teahouse On The Tracks
    Teahouse On The Tracks

    Don’t say I didn’t warn you about QE by the Japanese ….

    Multiple currency devaluations will provide the Fed with a stronger $ and the ability to raise rates ever so gently thus preserving the rally for the time being as foreign $ continue to come to our shores for safety … the great undoing won’t come until long bond yields reach 5-51/2 % due to commodity inflation that begins to get so costly that the Fed’s hand is forced to raise rates with purpose … like night follows day, capital will once again flee the stock & bond markets for the safety of CD’s and that consolidation will lead to the best leg up of this new bull cycle ….

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  20. Purdy

    Funny, even while the “greatest generation” gets done enjoying their god-given right to a second home in Florida and twice-weekly trips to the casino on the backs of the boomers, we’ll start hearing more attacks on boomers as their great mass clamors onto the gov’t tit and the Ponzi scheme unravels. Easy to attack them too, because the boomer war (Vietnam), unlike WWII, was unpopular. Help us Tom Bwokwa.

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  21. needle dick the bug fucker
    needle dick the bug fucker

    http://www.thenewamerican.com/index.php/economy/commentary-mainmenu-43/2715-stock-rally-due-to-ppt-conspiracy

    Here’s a tidbit about the governmebt PPT… Dated material Jan 7th 2010

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  22. dave

    Those motherfuckers won’t die fast enough to suit me. Retire at 62; live to be 85. Why the fuck am I paying for Social Security when I’ll never see a dime? Ponzi, Ponzi, Ponzi!!!!

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Drop dead (don’t collect a dime) and help prolong the ponzi till I get mine, will ya? Thanks, every little bit helps!

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  23. Le Fly

    Your ceo is an asshat

    Nite

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  24. YaBollox

    The guys who won WW2 truely were a fantastic generation. I don’t see any following group measuring up.

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  25. omfgitsjd

    This could make a good blog video.
    http://www.youtube.com/watch?v=2UN6vuPjn48

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  26. Wondering

    Le fly is a master at hook, line and sinker to all you fish

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    • Danified

      He is not at all. I don’t kiss ass to anyone but I do give respect where respect should be given. We all have the right to trade how we want to. Fly is not trying to sell his pics. Shit, we are blessed to be able to get them…. especially the free trolls that come around. Fly is an honest man. That is all I have to say.

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    • GFY

      Hey Wandering Ways! Ever gone fishin with your pants pulled down? GFY!!

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  27. Ichabod

    I am anxious for the return of HORATIO CLAWHAMMER. That fucker is bad-ass. My bet is the first VXX +5% day and he quits eatin’ beans and gets back to business.

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  28. Obama

    PPT is broken. This market is UNSTOPPABLE! MELT-UP BABY!

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  29. Obama

    If the Dollar goes down stocks rally on the “risk on” trade. If the Dollar goes up stock rally on US economic improvement and foreign capital inflows. If bond yields go down stocks rally on stimulus of lower interest rates. If bond yields go up stocks rally on asset allocation money going from bonds to stocks. If commodities and oil rally stocks rally on global reflation and increased demand. If commodities and oil go down stocks rally on stimulus of lower oil prices. If Sovereign debt problems arise stocks rally on expected bail outs. If Sovereign debt problems abate stocks rally on relief that all is well.

    So, you see there is no possible environment where stock prices can go down…

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  30. The Fly

    PPT subs:

    http://ppt.ibankcoin.com/?p=3013

    Nite.

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  31. Boom~ Boom..yeah
    Boom~ Boom..yeah

    To H#LL with all you boomer’s….to H#LL!!
    Boom~Boom…Yeah!!

    grin withheld…
    from a ‘ Boomer Perspective’!!
    Go ahead….and kiss BOOMER AZZZZZzzzzzz!!

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  32. Sub-Piker7777

    Fly –

    Great parody of Danny!:

    I think it’s utter fucking horse that the baby boomers got to spend the bulk of their working years stockpiling assets on leverage and artificially low rates and I get to “enjoy” the bulk of my working years “shoveling worthless dollars into a chinese incinerator.”

    http://ibankcoin.com/dannyblog/2010/03/14/or-how-i-learned-to-stop-worrying-and-love-the-bomb/

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  33. Bow Tie Fucker

    Buy every 10-15 pt pullback in the markets till 1200 SPX. Its really that simple.

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  34. j

    Le Fly:

    I’m personally offended that you’re taking such a negative view on us baby boomers. 🙂

    In other news… Dollar yen is heading above 100 , I think.

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  35. j

    FIG:
    Why has USU gone vertical in the past few days? Any news as i can’t find any?

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  36. Firenancy

    If you want new leadership…if you are fed up, then go to the following website…

    http://www.firenancypelosi.com

    Please feel free to spread this around to your friends through email, place widgets on your blog and share it on facebook. Spread the word now!

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  37. Mike

    and the market gaps right up once again. and the PPT fails u just when u supposedly believe in it most. the fly is getting smashed on VXX and TLT… while he supposedly is making up for it on his other longs. O wait I doubt it!

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  38. Juiceyfruit

    IYR down, SRS down, DRV down

    what’s wrong with these instruments?

    born to lose ETF’s 😛

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  39. TheArtist

    great show this morning with Scott.

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  40. Wondering

    Hey Danified and GFY…geez I’m not sure you could have done a better job at missing the point…note the subject of the original post. It was a compliment to Le Fly…not to you fishes

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  41. The situation

    As for the vix, its trying to crawl out of the quicksand and the more it fights the lower it goes.For the shorts there are few positives,but there are a couple : the vix hit its low for the time being on 3/19 @ 16.17 and got close to being tested 3/23 @ 16.21,so minor floor being built…As of now its doing all it can to hold on to 17.00…and any substained momentum over 17 should see declines in the market…otherwise more upside on the way

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  42. Bow Tie Fucker

    Never, ever mess with Goldman bots. Now the servers are back up, the bears have to bend over. 1200/12k, here we come. Like Le Fly says, 1200/0 roll play on the cards now. Pick your lotto tickets.

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  43. TraderCaddy

    Okay.
    I am in @ 21.36 VXX for a daytrade with a mental stop @ 21.20.
    By the way gold stocks and SMH and XLV (health care etf) look like good shorts for the day.

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  44. notadumfuk

    Blame it on OBoooma! Dow 11,000 that is. The Obama Market Boom.
    Passing Health Care contributed.

    Get with the program, you right wing Naysayers. Turn off Glenn Beck!.

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    • Fly Leech

      Boy, this one is going to come back to haunt you big time! Now drink up, you cool-aid is calling you.

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  45. xxxHuggieBearxxx
    xxxHuggieBearxxx

    These cocksuckers are going to put me in the poor house.

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