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
23,431 Blog Posts

Balls of Titanium

You need to have titanium balls to make accurate market calls, in a time of flummox. After seeing the market decline by 1,000 points, then rally 400 off the lows, most people are sick and tired of guessing and find themselves in the back of the proverbial “jam sandwich”—if there is such a thing.

“Not I” said the cat, as well Mr “The Fly”.

I do not fear retarded markets, for I am the inventor of retard. Take a look at the Peanut Gallery for easy reference.

I like GLDD and do so with trenchant elation. By the way, they have started work on making barrier islands in the Gulf of Mexico. And, to boot, they are HQ’d in the corrupt state of Illinois–a win win.

You cannot understand my words because you dwell on lower levels of consciousness than Le Fly. While you watch the World Cup, I drink from one encrusted with diamonds and ancient rubies—if there is such a thing.

In short, I still think we go lower, but have made arrangements to secure my balls, in the event a “ball chopping” short squeeze ensues.

Top picks: VXX, GLDD, SD

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74 comments

  1. robert (rob_pvb)
    robert (rob_pvb)

    that xerox ad is so gay

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  2. The Zombie

    The Fly is God!

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  3. Po Pimp

    I’m drinking out of this from now on:

    http://www.blingsupply.com/catalog/images/Chalice.jpg

    No rubies, but straight up pimp otherwise.

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  4. pHukDovr

    Selloff 100+pts into the close

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  5. checklist

    your navigation of this stuff over the last 2 months has been impressive to say the least. top of the cap

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  6. xochi

    “Report :consequences of oil spill” will not load on Premium site. Can you fix?

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  7. Le Fly

    Xochi

    It must be on your end. It works fine try firefox browser

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  8. Bman

    Precious metals are ripping higher… someone is preparing for a market dump?

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  9. Rand

    Very poetic, sir.

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  10. Steak

    Anyone in the Fazmobile!

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    • Mr. President

      I have been cruising in the FAZmobile for some time, now. I just had it detailed and me and Michael VXX are about to go bend some corners, firing at coked-up bulls.

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  11. The Zombie

    Watching the carnage from Skinflints.
    Let’s try this again:
    Burger: Bacon cheese well done
    Coke: Big ass
    Fries: French
    God: The Fly is

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  12. Kreizi

    I’ll say it again: this is gay market. Neither intellectual satisfaction nor emotional stimulus.

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    • Yogi & Boo Boo

      You expect that? I only want dolla’s and maybe a hamburger.

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  13. slim

    Consolidation before the next move up

    For the love of god and the PPT, just look at a chart people. The worse the news, the bigger the fist pump. Make sure your shorts and ass are covered.

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    • The Fly

      What sort of chrystal ball are you using?

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      • Asteroids

        I was short from Mar-May. Mucho pain in the balls but there was a great payoff. The market is behaving the same way it did then. I’ll take a half-assed guess and suggest that we won’t get a good selloff until the next earnings reports.

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    • Mr. President

      Sorry Slim, but “win” is nowhere in your future.

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  14. tradingnymph

    ” I do not fear retarded markets, for I am the inventor of retard. Take a look at the Peanut Gallery for easy reference.”lol. Ok. Actually, I really like reading Green Writers PPT updates of the Hybrid Score…and all the other bloggers there.

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  15. tradingnymph

    Wait….I don’t have any balls…….lol. Actually the Bulls could play whipsaw…but w/Shanghai Comp closing down it’s just a matter of time that the stupid market realizes China is so not 2009. I know, I know…I can hear Fly going…You need to hedge retardard markets…which I will add a little bit more long on the next freefall….which could be about 3 pm today or tomorrow?

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    • flyaway18

      End of the month Susanne, before I head to San Fransicko.

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      • tradingnymph

        flyaway18….Val, Shawn, Baron??? Who are you masked person…lol.

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        • flyaway18

          lol, Susanne, it’s Val again.
          I’m trying to remain incognito for crying out loud.
          It’s more fun this way.
          Been thinking about C again,
          what do you think?

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  16. Bullish

    Anyone else notice the buying interest on every decline lately? Buying on bad news? Smells like a bull market.

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  17. panamaorange

    Back in some VXX long at 25.59. 25% allocation

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  18. pHukDovr

    Now that the tossers and sheep-shaggers have had their noonday gayfest, it’s time to get on with the selling. DOW 10000, here we come…

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  19. Lokapujya

    it’s bunker hill day.

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    • verbotenstylen

      Don’t shoot until you see the whites of their eyes, AND MORE!

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  20. Apocalypse Now

    Someone needs to explain WTF VXX is doing.

    The market is down significantly and so is VXX (-1.3%)?

    This makes no sense, we need a vehicle that works.

    Is there counter-party risk on this ETN where it could blow up?

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    • Yogi & Boo Boo

      Does it roll today/tonight/tomorrow?

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      • tradingnymph

        Nope, I believe it was yesterday….but I think it is a great example of why the Fly correctly points out the Markets are RETARDED. Way too many people are giddy bullish even when everything is telling them that we are screwed. I really have to get it thru my retarded head that is how the game is played and stop going so heavy short until I start to see others seeing it the same way.

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    • The Fly

      shut up

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      • Apocalypse Now

        EDZ and FAZ are both up on a down market. That makes sense, what doesn’t make sense is a volatility product that is not responding to volatility. When facts present themselves contrary to my opinion, I reassess and re-position.

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    • shaz

      VXX is down because the VIX is down, quite simple really.

      I remain short VXX. I couldn’t have asked for a better trading vehicle.

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  21. alphadawgg

    3X witching on the morrow

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  22. Lokapujya

    Let’s go FAZ, Let”s go FAZ!

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  23. Purdy

    Fly is brilliant!

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  24. Apocalypse Now

    Ball chopping short squeeze indeud

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  25. Steak

    “if its going to be this kind of party I’m going to stick my dick in the mashed potatoes!”

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  26. Le Fly

    Shaz

    Good luck with your vxx short

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  27. noodle

    balls of diamond, bitches.
    mkt going higher.

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