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

Rolling Disaster

So let me get this straight, Prezident O’bama is refusing dredging ships from Belgium based upon an olde protectionist law called The Jones Act, which prohibits foreign ships from operating inside U.S. waters. In other words, the Big O doesn’t want to offend the union bosses. Now, the government has scrapped plans to build barrier islands, that would serve as a buffer between the fucking oil and where people live. As a result, shares of GLDD are trading lower.

People from the internets, we have a failure of government taking place right in front of our eyes. Not only are they inept, but corrupted dick suckers to boot. The stock market embodies the essence of America, good and bad. Based upon the shit taking place in the gulf alone, this market is due for a ridiculously absurd correction. Add on -32% home sales and you have yourself a recipe for sheer fuckery.

Go ahead and buy stocks like the coach bag wearing homo that you are. With my money, I’ll be positioning for a pullback.

Fuck you very much.

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

66 comments

  1. jg

    fig

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. Steve Place

    it’s not a purse, it’s a carryall

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

    Hey, there are skittles in there!

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

      lol. “You’re language is offensive”

      One of my all time favorite movies.

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

    Fly, would you ever run for President? I would vote for you.

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

    Long 1 $BGU at 46.39. Going into FOMC 3/8ths long. Hoping uncle ben’s chopper can reverse this bond/dollar rally.

    Only near term item that could sabotage a bounce here, would be a bearish oil inventory report.

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

      Panama – Please change the channel. Oxygen channel does not do markets.

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

        Ive seen you make alot of bearish critiques.However, you never seem to say exactly why you constantly lean bearish.

        Elliot waves? PTSD? astrology?

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

    Why is it a surprise that new home sales dropped like a rock? That’s what happened for car sales after cash for clunkers

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

      Aren’t we talking YoY? i.e. there was no homebuyer credit program last May and yet we are down 33% from then.

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

        @ doc, there was an incentive last May that spanned until Nov 2009

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

        Keep an eye on the national and regional Case Shiller data. Another dip is coming. Foreclosures are hitting again.

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

    >>…we have a failure of government taking place right in front of our eyes. Not only are they inept, but corrupted dick suckers to boot.<<

    Are you saying that Barney Frank is now involved with offshore drilling? I thought his specialties were finance and getting drilled ON-shore.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Mr. President

    For the record, that black smoke you see is from Le Fly’s mug. The white smoke is from the back tires of my FAZmobile, as I do donuts in the middle of running bulls while high-fiving Michael VXX.

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

    Go ahead and buy stocks like the coach bag wearing homo that you are. With my money, I’ll be positioning for a pullback.

    Just to understand, the rest of your comment was negative but you will be pushing for a pullback as in the market going up.. Is that right? just to understand.

    I think I know why, but don’t want to say as it isn’t my place to do so.

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

      NO. DAMN IT.

      Positioning for a pullback means we go lower.

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

        oh Okay. Sorry.

        It’s just that I’ve been trading the PPT like crazy for the past coupla months using the SPXU and DDM depending on which extreme of the PPT is being played out.

        I sold out of my SPXU this morn and bought a smidgen of DDM

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

          How profitable has it been so far? Percentage wise…?

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

      sense when does a “pullback” mean going UP?

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

        artist.

        We fell yesterday and a pullback in currency trader lingo would mean a reversal of what we last did, which is why I thought Fly was suggesting we’d go up.. as well as for another reason.

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  10. Mr. President

    If I was prone to cursing, I would use any number of expletives to describe this market. This is a disaster. Look around, people. For heaven’s sake, just look around.

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

    Hear, hear.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. txchick57

    Seriously funny shit. Thanks.

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

    Gotta love it when “The Fly” gets Discourteous on Obama. Can’t wait for November!!!

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

    The Fuckery will be playing a lunch time gig at a “secret deli” in Manhattan today, opening act will be The Burlappers. admission is free, draft beer 1.00, cheeseburgers .3 cents.

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

    I refuse to buy anything if I don’t get a gov’t rebate.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. Fly Leech

    Obviously, we need more Community Organizers! If one is not enough, just add more.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. Subcomandante Braveflaps

    No number of community organizers, plane crashes or domestic gardening accidents can kill the Fuckery.

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

    Some homies (Costanza alert) heading to HOD- RYL,KBH,LEN.
    Yes, to be a good day trader one has to have some sort of a mental illness.
    Will sell SMH @27.85 for .90% gain.

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

    I miss the good old days where eating a massive bowl of oatmeal earned a man +200 Dow points.

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

      And here I thought it’s because I found a chunk of earwax on my pillow in the morning.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  20. Elevator, Down

    Bearshitter.

    “we have a failure of government taking place right in front of our eyes. Not only are they inept, but corrupted dick suckers to boot. ”

    Indeud, how could anyone disagree.

    Home prices are still nowhere near the lows.
    I’ll be walking the streets optioning houses for $50, no kidding.

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

    government is inept, corrupted, and ruled by a minority of corporations….indued
    Somebody resurrect our fore fathers to show homo gorilla coach bag toting sheeple what America is really all about….

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

      The bankers who own the government seem to be doing exactly what they intended. Even artfully so, as evidenced by your post.

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

    Dont blame me I did not vote for any of these cock suckers. All fucking politicans are the same they are owned by banks, big oil, insurance,Pharma and globalist. very sad situation.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Donnie

    The bigger the disaster the easier to get “cap and trade” passed…all while having BP to blame. Industrial Capitalists can apply more pressure than tree huggers so you rile up the general public to get your legislation passed.

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

      Come on and join the sustainable development bandwagon. You don’t want to be left out in the cold, do you? Neighbors will start to gossip.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  24. double fuckery

    the fed will reduced interest rates to negative .25 today.

    Therefore when you take a draw on your home equity line you will be paid interest rather than be paying interest.

    good times!

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

    What is going on with GLDD? Started the morning down 5%+ and now has come all the way back….I know the drop was due to what Le Fly stated above, but does anyone know about the comeback here?

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

    Maximizing the oil mess will promote passage of the carbon tax.

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

      But of course. Last I checked, Lucifer/Satan was quite comfortable performing the same trick. Over and over and over again.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  27. Harry Taco

    Doing some serious buying to captilize on the expected short covering for this afternoon. The mood is dark here, but you have to realize the recovery is under way. http://www.buyeverydipandberich.com

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Joe

    UnStoppAble…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. Scavenger

    I like what I see in my rear view mirrors today. Bought some more UWM.

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

    Out SMH @ $27.80 for about .75% gain.
    I can’t wait around all day.
    I want to go swimming.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  31. Weezy

    I love it when you experts put in your comments. why are you going bearish now. Dont you see this same chart pattern on November 2 2009. we are going higher from here.

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

      I see. And it’s okay for you to put in your comments….because you’re clearly a non-expert?

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

      Robots run the machine. And I am a robot. But remember, I am a dumas robot.

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

    Anyone who shorted XHB this morning is receiving a constanza smackdown

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  33. yousearenuts

    Confused, clueless idiots. All of you. Put you money in CD’s.

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

      And then watch the US dollar collapse overnight, rendering your CDs worthless. Diversification is nice.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  34. Frog

    It’s interesting how everyone votes for politicians according to their ideology, which a lot of the politicians only say they believe in because they think it will get them votes. And even if they do believe in what they say, it doesn’t matter anyway. Because the results we get politically depend almost entirely on how corrupt the elected politicians are– not on what their ideologies are. Results depend on the degree to which the politicians let their campaign financiers (including Wall Street, oil companies, big unions etc.) feed at the public trough in various ways, thus allowing them to rob and r*pe the public.

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

      The moment I saw that software engineer testify that he was paid to rig voting machines, I no longer vote. It’s a waste of my time.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  35. Mr. President

    In waiting for something which is inevitable, patience is less important than logic.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  36. Satanfeller Luciforgan
    Satanfeller Luciforgan

    Corrupt? No — why would you say such a thing? Don’t be un-American like that, as Janet would be upset with you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  37. vixer

    what do I need to know in terms of whether VXX or VXZ is right for me?

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

      If you need to ask, neither is appropriate. So sorry sir.

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