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
23,441 Blog Posts

The Correction is Back, Good Sirs

The heretics are out and about selling stocks again. Therefore, I roam my office, fully robed and sandaled, smoking from pipes.

And yes, technology is squirreling back into the little murderhole it found itself in this morning. I will be sure to update you all, as needed.

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32 comments

  1. Gravestone Doji

    FIG.

    This is so confusing

    Wax On, Wax Off

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  2. A Monkey with a Shitload of VXX
    A Monkey with a Shitload of VXX

    Got a target for VXX?

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  3. The Fly

    Hang on, I may need to correct the title again.

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  4. WTF

    Lady Correction behaves rather promiscuously, I should say.

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  5. wilmer

    Whoa…getting dizzy…I think I may throw up.

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  6. DipChit

    That’s what you said last month

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  7. Dayman

    Time to sandwich

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  8. Sam

    Nice fall in AEM. What’s your target, senor?

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  9. TheLord

    First let me say LIG. Okay now that we are done with the preliminaries Mr. Fly, I can help you. You are suffering from a mild form of Schizophrenia. Some of the symptons include auditory hallucinations, paranoid or bizarre delusions, or disorganized speech and thinking, and it is accompanied by significant social or occupational dysfunction. Put your faith in me.

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  10. Diamond Dave

    Look to the bigcaps for direction. Multi year breakouts in IBM and ORCL and continued strength in C and GE. You need to stop playing armchair economist and go back to individual stocks.

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  11. pistilstamen

    lol…post of the year

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  12. jimmie

    I am eating a big bearish engulfing bar for breakfast

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  13. Panda bear

    MU after the bell … thoughts Fly? Samsung wasn’t as bad as expected … I think MSFT and INTC might be cheap here compared to AMZN and AAPL. Short the cloud and long live the wintel …

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  14. Geoduck

    What are you smoking?

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  15. The_Real_Hmmm

    lol at today’s posts.

    I’m very irritated right now, like I just heard Kathy Griffin’s voice. My natty short plunged 2% this morning only to be asshole dip bought at 10AM to the tune of ~2.5%, making new highs for the day. What the FUCK. There was a build in inventories and natty is continuing to get killed. Fuck these people. I’m going to rename myself Peter and hunt them in their cube farms while listening to some Prokofiev.

    Other good news is that the teen to midlife crisis consumers are back in droves purchasing ANF and CROX crap. Sugar is up 7% too.

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  16. Asteroids

    Damn frustrating. I sense very subtle fuckrey by market makers trying to grind to dust everyone hold either long or short here. Remember gents, they know who you are and what you are holding. Your only hope is to outlast them until they get bored and look for other marks to fleece.

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  17. KeyLimePie

    If currencies are all going down, why not hedge the fall with stocks.

    After all, won’t stocks rise faster than what currencies will fall?

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    • jay the coffee guru
      jay the coffee guru

      dont assume that, the market can still crash with a gold and dollar commodity retreat.

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  18. WTF

    Finally, the answer! Not anyone, but by Mr. B. Sack (actual name, but pun intended), the head of the New York Fed’s markets group: “Nevertheless, balance sheet policy can still lower longer-term borrowing costs for many households and businesses, and it adds to household wealth by keeping asset prices higher than they otherwise would be.”

    So, since we’re witnessing The Great Ponzi Scheme sponsored by the Fed, I can relax. Regardless of time frames, all these schemes have the same ending, which is fairly enough for me to know.

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  19. Name

    Art Cashin: Markets Could See ‘a Real Reversal’

    “And if they try one more time and fail, we could get a real reversal,”

    “They” tried it one more time today!

    http://www.cnbc.com/id/39499589

    Art Cashin nailed the August top.

    http://www.cnbc.com/id/38575068

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  20. J

    Trichet’s comment about the disorderly nature of the FX market may be pretty important in the short terms here.

    The Dollar was falling because of the talk from US officials trying to scare off others from intervening. Trichet basically told the Obama administration to go fuck themselves. The Brazil bought doll today and the Chinese have told Timmy to go fuck himself. Tomorrow may be important to see what the Japanese do as they’re basically followers.

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    • WTF

      What happens when everybody’s busy fucking themselves?

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    • Po Pimp

      I had the same reaction to the Trichet headline that you have. You know a lot more about this stuff than I do. Maybe I got one right finally.

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  21. It's time for...

    http://www.rallymonkey.com/oldvideo.php

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