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
23,445 Blog Posts

Let the Market Talk

My game plan, which was concocted inside of the iBC Eastern Asian headquarters in a small western Mongolian province, has been in place and prepared for more than 3 weeks. To some of you, 3 weeks seems like an eternity, thanks to the undersized brain inside of your monkey skulls. However, for a professional, such as myself, 3 weeks is like driving a camel through a desert without the luxuries of water. I give you that, it has been fucking torture, but entirely necessary.

My brains are not addled with ADHD like yours and I do not suffer from severe personality disorder. All I ask for, from this humble market, is for it to take a few gravity hammers to the head, so that I may buy your margin liquidation.

Will I buy this dip?

Absolutely not.

If the market rebounds on Monday, will I buy then?

Yes.

I am not betting on the apocalypse, nor am I betting on a fucking retard victory lap for the bulls. Today’s move “can” be the beginning of something material or simply another opportunity to buy in lower. The only way to find out is to wait and see.

In the meantime, I will wait it out, as I have been for awhile now, with more than 70% of my assets “defensive” or in cash.

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24 comments

  1. The Zombie

    THE FLY IS GOD!!!!!!!!!!

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  2. jimmie

    Cramer pop will take us to 1525 by the close.

    Goldman new highs.

    KIG

    Krull is God

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  3. jimmie

    kid, I kid 🙂

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  4. Smirker

    Fly, if the top 50 stocks on the NYSE over the past year were listed, how many would have been picked by the PPT?…………….or is the PPT only for shorter time periods?

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  5. Fly Leech

    What if we turn green today?

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  6. Muir

    I agree with Mr. Fly 100%

    (except that I am short FTK)

    “I am not betting on the apocalypse, nor am I betting on a fucking retard victory lap for the bulls…” is correct.

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  7. xxxhuggiebearxxx
    xxxhuggiebearxxx

    This is a little mini-vindication, indeud.

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  8. Aristotle

    Let it be known, whenever it appears that the Fly is losing, he is actually positioning for major winship!!!!!

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  9. StratG

    I don’t know why the market isn’t up 2 % on the great Goldman news. I thought frog marching bank criminals to jail was a good thing for our kind.

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    • Muir

      This is so sacrilegious, I do not even know how to reply.
      To think nothing of pure anti-American rhetoric.

      I believe something really egregious must happen to you as a result of said comment above.

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      • StratG

        SEC flunkies should be locked up also for being accomplices. You don’t agree?

        IG Report: SEC Was Aware in ’97 Stanford Likely Running Ponzi Scheme; SEC Missed Many Chances to Probe Stanford (story developing)

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  10. Purdy

    The uncertainty bred by this coup attempt may result in more than a little dip …if fraud purveyors are no longer running the country, the market will, at the very least, need to spaz around while new leadership (e.g., makers of things of value) is established.

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  11. BRK15

    who cares GS is sued for a mere $1 billion investors loss! thats a very small amount in this day and age. lol!
    remains a buyers market.

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    • Purdy

      But the audacity ….they’re suing Goldman Sachs, a firm “doing God’s work.”

      and btw, the mkt is worried about what financial regs the dems will be able to get done now that they have shown that they’re willing to blaspheme.

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      • Muir

        My thoughts exactly!

        Still, has the potential to be nothing more than a Kabuki dance, if I knew otherwise I’d short everything in sight.

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      • joe

        “But the audacity ….they’re suing Goldman Sachs, a firm “doing God’s work.” ”

        Who the fuck are these folks kidding…suing GS???…Is like suing JESUS himself. The need to get of the horse and continue the lies of how; ‘the hedge funds shorting the market’ are the real culprits. Leave the head of the crime organization alone. The dude bringing these charges is probably some novice that hasn’t learned yet that you don’t actually go after the head of the snake (gs), you beat around the bush…oh well, he will learn his lesson and get fired like the whistleblower for the Swiss accounts fraud did.

        All kidding aside, I’d love nothing more than force this absolute EVIL enterprise, gs, perish! Ok, that’s too much to hope for…at least force them to go public where they will lose the implicit gov guarantee and hopefully the next time they mess up, they PAY!

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  12. Teahouse On The Tracks
    Teahouse On The Tracks

    I want my 40!

    BWWWWWWWWWWAAAAAAAAAAAAAAA!!!!!!!!!!

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  13. Muir

    Fly’s zenoport holding up very good and his gamestop up 2%

    But the dry powder … that’s his best asset.

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  14. T MOE

    Is this the pulling of the curtain on the CDS market and its makers

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  15. YaBollox

    FIG (Fabrice is God)

    “‘Today’s move “can” be the beginning of something material or simply another opportunity to buy in lower. The only way to find out is to wait and see.””

    Nice. By the time we know, won’t it be too late?

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  16. Danified

    A happy pole dancing bear….

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

    Have a good weekend everyone 🙂

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  17. Mr. Cain Thaler

    Uh, while I’m happy the stock market has finally corrected hard in my favor, if I see one more damn conspiracy theorist, I’m going to lose my cool.

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