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
23,473 Blog Posts

KOOLAID TIME NO MORE

And we are going up again. Despite all of the spastic “pin-action” in the economy at large, men with burlap tank tops and velcro shorts (short sellers) are getting the livers punched out of them. There are 10,000 reasons to not like this market, all stemming from the unalienable fact that it is literally impossible to sustain economic growth through 2011, without a second stimulus package. Nonetheless, for every burlap’d bearshitter, there are 10 bullshitters who believe anything, buying stocks with both hands. Mind you, these are the same people who believe Dick Cheney is a staunch environmentalist and that natural gas/coal exploration “enhances” the flavor of their local drinking water, instead of fucking life.

With my money, I endeavor to outmaneuver you. If you are buying, I will wait. When you are selling, I will look into buying your margin liquidations. See folks, this is a real time, albeit fucked up, reality show, where some asshole money manager is out to get you. Granted, I am here to help too. However, if given the chance, I’d throw you down a flight of stairs and punch your mustaches off—without hesitation or regard for personal space.

As I talk shit, the market declines, not so much different than the respectability index depicting the United Steaks as a world class power.

I like VXX, TZA and a little SD here, mainly because I support the poisoning of all drinking water, west of the Delaware River.

If you enjoy the content at iBankCoin, please follow us on Twitter

45 comments

  1. jg

    fig

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Anthony Brown

    I was a little disappointed in Gasland – too amateur in my opinion.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Long Dick Slap A Ho
    Long Dick Slap A Ho

    Put up a pitcutre of Ultimate Warrior next time instead of Paul Bearer.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Time to go long.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. JakeGint

    Whoop!

    They it izzzzz!

    Whoop!

    They it izzzzz!

    ________

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. drummerboy

    Mr. fly, i think you missed your true calling. fuckin A

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Spooky

    I think you were right about BP. Good call.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. panamaorange

    There’s the gap I was waiting for

    Long 1/8th position in homebuilder etf XHB at 15.41

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. TheArtist

    I like that…”west of” the Delaware…
    ha

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Rand

    We just had a town hall meeting with the president of our company, he says we are up 22% over last year and jave had a 22% profit margin. Thats good. Our generator business is looking good and our frac sales are way up! Let the good times roll!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Cascadian

    All water is contaminated by the Kalifornians as it travels with the jet stream over the Sierras. Those white tails behind the jets are CO2 carbon contamination for your water and air. Think about that as you in and ex-hale.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Mr. Cain Thaler

    Looks like Britain announced austerity measures. If Europe keeps dropping the heat is going to be put on big exporters like China and America.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • trapper

      In the long run, yes, the heat will be on exporters like China and America. However in the near term (through the summer or so), the eventual recession in Europe will be good for exporters. Foregin trade contracts are locked in for the near term. Contracts entered into while the dollar was getting bent over, will be honored in the near term. With the euro nearing parity with the dollar (and likely dropping further than that), US exports will look pretty damn attractive compared to imports. Of course, eventually these contracts will expire and new contracts will be entered into…and we are fucked.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  13. Cascadian

    What’s with the ‘austerity measures’? We need stimulus! Are we trying to be the Amish or something?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. panamaorange

    Placing break-even stop on XHB long entry,at 15.41.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • panamaorange

      out XHB long from 15.41 at 15.61

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • CosmoKramer

        I bought ITB @10:06 AM at 12.09 after I saw that the homies stopped going down on the bad news but I sold @ 10.11 AM at 12.17 when I saw some selling into the pop.
        Two kinds of traders- the quick and the dead.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • panamaorange

          FOMC has many reasons to make an anti-dollar statement tomorrow. There has been a Stream of negative employment/housing/europe data since last meeting. That should cause a Temporary housing short squeeze, for at least half a trading day. If XHB makes another breakdown, ill try it again. Perhaps around the 15.35 level. Same plan tomorrow. But, Ill probably avoid holding through actual meeting.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
  15. francesco

    market in the hands of futures is not that safe .. anyhow seems “t”hey want to save it big for another day ( week-s? )

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. mrkcbill

    GOOG for the $500 roll

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. francesco

    how to blame them ..

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Frank White

    Thats why my mustache is tatooed on . Un-punch-offable that way.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • TheArtist

      they will have no choice but to now go for punching off your eyebrows….

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Frank White

        Damn. Making an appointment to have them tattooed on also.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  19. drummerboy

    here here,was into pcl,lpx from aug.09 dumped em both before that flash crash trash.lumber is back down to crash status prices,if you want to “build” a long term position lpx looks good for an entry.pays no divy.on the other hand pcl pays a divy.they have more land than wy. wy has been seeking reit status for a coulpe yrs. now some one needs to kick it up a notch at wy though.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. arch

    TAKING A REAL SMALL NIBBLE ON FAS HERE @ 24.25 BACK TO WORK FOR ME

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. TraderCaddy

    President Shankapotomus even swings his golf club as a lefty. Leftist all of the way.

    http://www.youtube.com/watch?v=H9m3GyDh6M8

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Caffeinated

      TC, where you been? Really missed the tour highlights, SMH trade, and Beaver summary lately.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Yogi & Boo Boo

        Was thinking the same.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • Doc

          I just figured his son made the pro-tour and he was sipping ritas on the beach with all these 16-27 year olds playing in majors.

          • 0
          • 0
          • 0 Deem this to be "Fake News"
          • TraderCaddy

            Been working on an outside project since early April but still managed an occasional SMH trade. My son is still on the mini tours- cashing some checks and missing a few cuts He is planning on PGA Q-school this fall so I better get my aching back in shape, although I think he is trying to get into a Nationwide tournament in Tenn. in August which should loosen me up.
            I noticed a bunch of new people posting here and almost as many getting banned.

            • 0
            • 0
            • 0 Deem this to be "Fake News"
  22. Carsony

    This market reminds me of the song ted nugent did called stranglehold

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Below Me WIlly

    long /NG 4.70 thats the shit right there. its like fucking an umpalumpa with a dipcan

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. Yogi & Boo Boo

    Let’s see if this works:

    “Mo money!, Mo money!, Mo money!”

    Thank you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. alphadawgg

    The U.S. market mocks me.

    I may be going back to emerging plays and Chinese solar burritos…

    • 0
    • 0
    • 0 Deem this to be "Fake News"