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
23,433 Blog Posts

Staggered

The reflex rally is getting heavy, especially on the books of underwater hedge fund managers. As they read this post, their palms are getting sweaty, for they are down more than 5% for the year, having squandered early gains. In an act of desperation, these jet setters double down on atrocious bets, like X, MON and FCX. You see, they, like many of you, are religious with their investment thesis, sucking the dicks off quantitative easing via large directional bets on “reflation.”

On the other side of the coin, “The Fly” is relaxing in a balmy office, where palm trees reside and asinine little trinkets litter my fucking monstrously large mahogany desk. I do not have a care in the world, despite it crumbling all around me.

As I conclude this post, the “Magical Support Level” of 1040 is approaching, yet again.

More on this later.

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

32 comments

  1. jakem

    Do you think we re-test the lows set in March 2009? You still head first 100% in tza?

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

      No.

      Yes, I am still headlong in TZA

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

      re-test? fuck yeh we re-test…. re-test and blow thru it quick as a bitch down to levels where we will all be jumping back on SWHC and RGR again, if you know what I mean…canned goods style.

      don’t cha know,

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

        Yo Artist, you might enjoy googling “end of days” as I did the other day. You’ll find lot’s of interesting sites with discussions about how many thousands of rounds you should stock for each of your weapons …and you’ll enjoy sites like RaptureReady.com

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

          I just don’t have the time to google much these days….gotta finish building this underground bunker and stocking it….

          ha ha ha…

          no seriously, I feel we go below 6600 in the DJIA this next wave, and it will not be the end of the world.

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

    $MCO just stuck thier dick in the mkt. news of possible down grade Spain. bet the bitches are killing it with their trading machines.

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

    so buy Puts on whatever these desperate hedge funds are long. liquidations shall ensue.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • Sidney Carton Braveflaps
      Sidney Carton Braveflaps

      MGM and LVS come to mind…

      [disclosure: tis not a far far better thing that I am not short these mofos]

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

    I’m laying around in my Pjs on a sofa w/a notebook on my legs and another one w/in reach. I could go into the pool but I love this better.

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

      tell us more

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

      you go into a pool in your Pj’s?

      ____________

      it would read so much better if it went:
      — I’m laying around in my bikini on a sofa w/a notebook on my legs and another one w/in reach. I could go into the pool but I love this better —

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

        lol…you guys… your right Artist, I should change if I want to go into the water

        • 0
        • 0
        • 0 Deem this to be "Fake News"
        • George Hamilton, Esq.
          George Hamilton, Esq.

          A change of name to Tradingnympho would also be much appreciated.

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

    jimm (y) is spitting monster energy soda all over his monitor after reading Broker A’s latest posting.

    Funny indeed

    :golf clap:

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

    DOW 9K, and beyond.

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

    If you turn the S&P chart upside down it looks like a very bullish setup ready to break out

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

      Maybe that’s what Charlie Munger meant by “invert, invert” … the secret to Berkshire’s success wasn’t genius, it was looking at the charts through those coke-bottle glasses of his.

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

      Tip for TOS users(if you’re not aware) – add ” – ” before symbol to see chart upside down. (i.e: -BP)

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

        Ctrl+U does the trick as well if you don’t want to lock in upside down mode.

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

    Joe Cassano from AIG’s Financial Products Unit says everything will be fine… Trust him, he’s never wrong.

    I think he might have said we can hold the 1040 level.

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

    da Flea, most certainly, has a way with words.

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

    “the “Magical Support Level” of 1040 is approaching, yet again.”

    this reminds me of a scene from “saving private ryan”, you know, where the german soldier kills the american with knife and while pushing his knife towards and through his chest he comforts the other guy: hush, everything is gonna be ok, just let it slide…

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

    There are legitimate fundamental reasons for the dollar to rally. Geopolitical tension alone can keep a bid there. There are also legitimate reasons for the Yen to be doing well.

    But, there is no fundamental reason for TLT to be trading this high.

    When I was extremely bearish above Dow 11k, The crash in TLT was one of my main motivations. Now that TLT has gotten absurdly crowded long–it could provide support for equities. TLT has crashed and rallied several times on zero catalyst. No reason it cant hit a brickwall ceiling here on pure mania

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. nd4spdgt

    Poof! Your bullshit 1040 is gone.

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

    “This market is very enigmatic”
    —Anthony Scaramucci

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

    enpabbn ??? ?????? bwkxkqd bizdnyd ??? ??? wumtbku auiumlm ??? ?? eiagcxl fvnefdp http://www.chloesutoa.com/ catkltb atwwxxq ??? ?????? ezsitnn wqvrfef Chloe ?????? cgwmxhm aawifzj Chloe ?????? zssgjlc hhmtwiy http://www.chloesearch.com/ jfoypzz dzokknf ??? ??? xfutfen jyhkohy ??? ??? lchrwpi robjoir ??? ?? lzskqqi mojerdr http://www.chloeonly.com/ jgdnedx vfzrwdw ?????? ?? nycbuuw bcaeqlh ?????? ?????? aihvzza bypargc ?????? ??? fhaywfn yktoinl http://www.paulsmithyasuyi.com/ jjwwlld smvcrdl ??? ?? ezisfgz fyojxec ??? ?? ojmksvj srspgjq ??? ?????? zpuywci yecjiqb http://www.pradatome.com/ otxydrg vfttikb ??? ?? ufvkqwx mnwecrq ??? ?? rrwjbbd lqwqosb ??? ?????? tnjnclm tjdpkhc http://www.chloeye.com/ hwhyjxo

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

    ffvkpyq ??? ?? ?? aroybcq zbpnpsl ??? ?????? jxjbteh omlltpt ??? ?? ?? bpqavpp zzksrog http://www.guccisalejp2013.com/ qtxudjr kravvys gucci ?? twpmhvx dmnisjq ??? ?????? ypzbroi lienfpd gucci ?? jzedhdr oyxntiz http://www.gucciseikatu.com/ egcllew mekyacj gucci ?????? ojpejql hdpdqhm gucci ?????? tkxamcy cxhgrdq gucci ?????? aptdbil dkfswho http://www.guccisupport.com/ gwbfccd shmkazk ??? ??? hqwllxm emwbetc ??? ?? ddlbpyt yumnvil ??? ?? kuolysz ecwuqcn http://www.cheapguccijp2013.com/ zmmevkh fxodawr ??? ??? ukcbddc scfeiwt ??? ?????? fyzdyjz homtdzs ??? ?? wwglmgs cnkyyez http://www.gucciluxuryjp.com/ umkvoeh

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