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
23,446 Blog Posts

Everything You Know to be True is a Lie

All of your theories about the economy, government, and life in general, are abhorrent lies. You believe said lies, for the same reasons why you believe communists are going to hell, while big hatted oil men will be going to heaven. For the most part, people are wildly delusional about their hopes, dreams and expectations.

For example: the Constitution of the United States of America has been shit upon by every political party for decades now, yet some of you still hold it up as a badge of honor. That’s like me telling my kids to watch Scooby Doo, instead of their new age cartoons, because Scooby is a “dog of honor.” My kids couldn’t care less about Scooby’s honor, for he is no longer relevant—just like the Constitution. So sorry for the news that is breaking here.

Whether you want to acknowledge it or not, we are living in a world without morals, rules or decency. I imagine the world has always been like this, just not as brazen sans the medieval era.

All of you piker hedge fund managers, keen on raising money, but fucked as hell managing it, will be flushed the fuck out this time around, due to your religious beliefs that the market can go up, perversely and indefinitely, without boundaries.

For my birthday tomorrow, I intend to receive the gift of gifts that I have been clamoring for since February: your margin liquidations. With more than 50% in cash and year to date gains of 26%, I stand to outlast you, AND MORE. I will buy the blood, when it becomes appetizing. Then, when you least expect it, I will sell everything, do a 180, and bet for Dow 8,000, based upon the concept of a “double dip recession” permeating the small brains of some of our largest money managers.

You will watch and bear witness to all of these things, during the remainder of 2010.

[youtube:http://www.youtube.com/watch?v=_E645AXLgnI 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

86 comments

  1. MOOBER

    Preemptive happy birthday.

    Hope you have a great day, AND MORE

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  2. finclyde

    I think you are my brother Luke, I mean Duke, I mean wtf

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  3. The Fly

    First one who knows where I got that “AND MORE” shit from wins a free mug or t-shirt.

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  4. Birthday Fairy

    What type of cake?

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  5. Hawaii Five0

    Happy birthday!

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  6. The Zombie

    I left dinner and refused to pay the tab because my ex-fiancée is a total commie.
    The Fly is God.

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  7. Treepart

    margin liquidations………what kind of birthday present is that?

    Heck I was going to get you a new blue radio which would, like clockwork, broadcast the Mets losing just like your old blue radio…..only with greater clarity.

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  8. mrt

    From Britney Spears?

    ‘N Sync & Britney Spears: Your #1 Video Requests… AND MORE! (2000). This was sold in mcdonalds everywhere in 2000.
    Britney Spears Live AND MORE! (2001).

    Please don’t ban me.

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  9. jg

    vixANDMORE.com

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  10. The Dark Knight
    The Dark Knight

    Happy Birthday!
    I still don’t have a clue what your market approach is, but it has been working. You are truly one of the greatest money managers ever walked on Earth. Long Live The Fly.

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  11. MarshalN

    Happy birthday. Have more tea.

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  12. Le Fly

    Wrong

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  13. Tomoko

    “o tan jo bi omedetou, Mr. Fly !!” BTW, tomorrow is my husband’ B.D, too 🙂 Have gooood sushi and sake?!!

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    • DMG

      Meester Fry, nan sai desuka? San-ju roku?…nanna?…hachii???

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  14. dave

    My gift to you would be 10 acres to farm on my land in exchange for half of your crop yield. Once your fiat currency is devalued to worthlessness, you can fight your way out of the big city and head south.

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  15. The Zombie

    Happy Birthday, God !

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  16. Itchy & Scratchy
    Itchy & Scratchy

    Sounds like the Fly is about to put on his Romanian burlap. Ah, just like old times.

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  17. finclyde

    how hard would it be to overthrow Kim Jong Il?

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    • Dayman

      Like drunkenly stomping on a crying child’s nearly finished sandcastle only to find that he added glass shards to the interior for support. I think we’ve all been there.

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  18. Dayman

    http://twitter.com/BPGlobalPR

    Consider it a big oily hug America!

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  19. finclyde

    Happy Victoria Day, yeah i know, who the f is victoria, my kids won’t know, maybe we should call it La Journee De Mouche to be politically correct!

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  20. Asteroids

    Dear Le Fly:
    As you complete another orbit around the Sun thank you for your website.

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  21. Le Fly

    And
    More guesses: wrong

    Hint: famous movie

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  22. RaginCajun

    Happy Crash Birthday! it will be epic, filled with black smoke.

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  23. MOOBER

    Caddyshack?

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  24. Walter

    The Dead Boys?

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  25. Steve

    Princess Bride….

    Happy B-Day!!

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  26. Kwt

    movie…

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  27. Le Fly

    Wrong

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  28. Hammy

    be sure to tell all the people who ever served in the military in your family that you think their oath to defend an irrelevant constitution is just like defending scooby doo to a new generation.

    happy birthday. one more year toward your own irrelevancy.

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  29. The_Real_Hmmm

    Zeitgeist: Addendum

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  30. Le Fly

    Hammy

    Everyone in my family serve for money, sad but true.

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    • Hammy

      i just said the oath again today in a promotion ceremony. are we being too idealistic if we take it seriously?

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  31. Le Fly

    For the record, i think it is a great document. I didnt kill it.

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  32. Fly Leech

    Wall Street

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  33. Carsony

    Fly your right, at times all a person wants is the truth. When you put your trust in people you will be let down.
    Even in the church there is politics. I think when it comes down to it..you got to have a personal relationship with god. Even jesus was rejected by his family, and betrayed by his close friends, yet he never said..trick this..
    He went on to fullfill his purpose.

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  34. Carsony

    If your birthday is tomorrow hope you have a good one!

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  35. Pete

    Sir, tomorrow the market could crash.

    It matters not. What matters tomorrow is that its your Birthday.!!!
    HAPPY BIRTHDAY FLY!!!

    Hope you have a great party.

    I bet you have something grand happening. Whatever it is. We look forward to you telling us about it, or probably not telling us about it and just cursing us out in some posts which we will be equally grateful for.

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  36. TraderBot5000

    I will put an order in for pre-market Happy Birthday.

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  37. Teahouse On The Tracks
    Teahouse On The Tracks

    Happy B-Day AND MORE:

    http://www.youtube.com/watch?v=kgoDi16t1YE&feature=related

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  38. Le Fly

    Roar ee wins!!!!!

    Well done.

    The young prince said that before getting the shit smacked out of him by the king. Email rc for mug

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  39. wilmer

    Air Bud 2: Rise of the Machines

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  40. Le Fly

    Hey good news everyone: the dickfaced obama people lifted the ban of homos in the military. As u know, this was a pressing issue.

    We r fucking doomed

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  41. Lolo

    Happy Birthday fine sir.

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  42. chanci

    Yeah, Happy B-day Fly! Pretty soon you will have to lift your own ban, hey? You have got to be nearing the cut off age.

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  43. Dr Fly

    Thanks. Not even close. I will be 34.

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  44. Le Fly

    With the gay ban lift, we can give n korea the “homo hammer” literally

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  45. T MOE

    Asia getting stomped

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  46. chanci

    You’ve got to be one tough, mofo homo to be openly gay in the military, that’s all I have to say.

    But, yeah, I wonder how pressing it really was. Hammy would know if it really is that much of an issue. Maybe the young people (unlike my stupid ass generation before them) see it as entirely irrelevant, just like race.

    Ageism, now, that’s another story. LOL

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    • Hammy

      i cannot speak for any service, only my own personal opinion. That said; What a person does in their off-time is not my professional concern. If someone’s sexuality is so much a part of their life that they cannot hold it in during working hours, they probably don’t belong in the military–hetero or homo.

      Finally, I echo General Conway, who said he looks at the issue strictly from the point of view of whether changing the law would “enhance the war-fighting capabilities of the United States Marine Corps by allowing homosexuals to openly.” If it proves to make a better war-fighting force for our nation, then we ought to make some changes. If not, but we’re pushing it anyways, then I think there are a different set questions to ask.

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      • chanci

        Anyone who has the guts and the sense of honor/duty to serve in the military is above the general critique of non military personnel in my opinion.

        I wondered how a military person would see it, though. Thank you for sharing your views on it, Hammy.

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  47. jay the coffee guru
    jay the coffee guru

    I dont care one bit about your trading strategy, however your intricate cartoons are the nature of pure genius and I would like to offer you a development deal

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  48. JakeGint

    Oh and regarding the above cynical, Jeez-its-really-time-to-get-the-hell-outta- Noo-Yawk-post:

    WRONG!

    Good day to you, sir!

    _________

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  49. The_Real_Hmmm

    An inquiry has been sent via electronic diction, and your birthday present may arrive at any hour of the remaining day. Tonight I will rest in hallowed mythical fabrics to bring hope for the summoning.

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  50. Teahouse On The Tracks
    Teahouse On The Tracks

    Still waiting on the 4-year presidential cycle are you?

    http://caldaroew.spaces.live.com/blog/cns!D2CB8C5EBA2ADE86!78985.entry

    ” Notice the 4-year cycle low occurs at the end of bear markets and in the middle of bull markets. Not at the beginning or continuation of bear markets. If it is going to put in a bottom to the elusive wave C it only has until the end of the year to do so. We expect, however, when the bottom does come in either June or July it will have ended Primary wave II possibly, after a 50% retracement, at the OEW 944 pivot. Then the bull market will resume.”

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  51. Hawaii Five0

    Tea,

    I have no idea what you’re saying.

    I guess it’s Elliot wave stuff, but my trend stuff is very bearish if the market goes below 1044.

    In other word, it’s time to short below 1044.

    Who knows, let’s see what happens.

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    • Teahouse On The Tracks
      Teahouse On The Tracks

      Agreud, a dip to 1045 is assured and quite possibly 944 but when this wave down (C of Primary Wave2) ends, we will begin Primary Wave3 up to new highs.

      ” Primary wave one advanced from SPX 667 Mar 09 to 1220 Apr 10, or 553 points. Primary wave two, therefore, will usually retrace anywhere from 23.6% to 61.8% of the advance. These fibonacci percentages relate to the following levels: 23.6% SPX 1089 (1090 pivot), 38.2% SPX 1009 (1007 pivot), 50.0% SPX 944 (944 pivot), and 61.8% SPX 878 (876 pivot). ”

      “With the SPX trading as low as 1056 this week (last week) the 23.6% (SPX 1089) retracement level has already been exceeded, and can be disregarded. The next two levels, 38.2% SPX 1009 and 50.0% SPX 944, are the typical retracement levels for most bull market corrections after five wave advances.”

      “Another area that usually provides support is the previous 4th wave. Major wave 4 occurred in Feb 10 at SPX 1045 (1041 pivot).”

      So … ” In descending order we have potential Primary wave two support at SPX 1045, SPX 1009 and SPX 944, with a worse case SPX 878. With the market closing at SPX 1088 on friday the risk to the downside is high while this correction is underway. After it concludes, however, OEW suggests another five wave advance to higher bull market highs. ”

      Bear in mind that we could actually bottom at 1045 which is a support line though OEW suggests 944 as the most likely bottom for waveC which may prove to be the beginning of the 4 Year Presidential Cycle. Therefore, caution is advised regarding getting short AT 1045 … should be short already or waiting to see if 1045 is breached. If you short aggressively at 1045 breach just know that a reversal could be at hand at the 944 level and be prepared to reverse course as that last 100 pts down could happen quickly.

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  52. dave

    Index futures breaking down hard across the board > 2%

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  53. cebu sun

    Happy BDay Fly

    1. Irrelevant and shit dead Constitution. That’s what we get when we let the Dodd et al group get bought and paid for by a lobbying elite. Great post sir. Surprising.

    2.. You called someone narcissistic? Fig Fig Fig with IQ of 155. ROFL

    #3. You there Fly: hands on your head. We are from the Marriage and Family Accredtng Board. You sir are under arrest for dispensing psychological advise to Joe. Go give your name and address to the lady-of-color at the door.

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  54. mrkcbill

    A Mr. Devil Dog would like to wish you a Happy Birthday…..

    Only Fly could experience “The Flash Crash” with an anal exam……
    I’m afraid to see what kind of encore we get for your Birthday!

    GETCHA POPCORN….BEWARE OF FUCKERY…..BOG STANDARD!!!

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  55. madrid

    Feliz Cumpleaños, Señor Tropicana. My daughter shares a birthday with you… and probably membership in the 151 (IQ) club.

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  56. Purdy

    I know what you say is true.

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  57. Yogi & Boo Boo
    Yogi & Boo Boo

    Happy Birthday sir.

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  58. Mr. President

    Happy birthday, good sir. I hope you took the morning off at the gym and treated yourself to a snip of Bailey’s in your coffee.

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  59. J

    Yea happy birthday, Fly.

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  60. Carsony

    When looking at how the housing market could really recover, I thought if we could get the job market going off of the stimulas bill, that would lower the number of homes for sale, stablizing prices, and the next leg up in the housing market to sustain it would come from relocation. Relocation business is the piece of the puzzle that has never happen, because we have had very little job creation. When relocation picks up that will be one of the signs that show real job creation is happening, and the economy is improving.

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  61. bubo

    Is it time to buy back VXX or is it late?

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