“The Fly” has decided to turn over a new leaf and usher in an era of positivity onto iBankCoin. Gone are the days when I’d drink black smoke and metal. “The Fly” is no longer interested in killing many of you and will not ban anyone either. From here on forth, iBankCoin will serve as a sanctuary of sorts (very zen-like) for the financial world.
Why the change of heart?
Answer: I’m not entirely sure. I just feel like representing something positive, as opposed to kicking old homeless men into idle sewer pipes.
Going with this new lifestyle of mine, I can tell you today’s jobs numbers were terrific, which should lend to a positive tone in the shares of MWW. The casinos are set to rip; watch LVS, WYNN and MGM. And, RARE EARTH plays are still the go to sector for momo traders. Instead of chasing MCP and REE, I’d rather throw some dice at CDII and CHGS.
It appears my AEM short has turned sour for me, partly thanks to earnings, partly thanks to Cramer and his delightful television show. Nevertheless, I will afford the position some leeway, as it serves a purpose. I have a variety of stocks on my buy list and will look to position into them something during today’s session.
UPDATE: Stop whining about VXX
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WIG
Wohh!
Ah. The Costanza Karma Trade. I get it.
Ahhhh man, now that I can’t be banned, all I want to do is be banned…quit playing with me fly
What a fantastic mood you’re in Fly.
Dos that mean by mid afternoon we’re going to be brow beaten to a pulp?
Personally… I prefer the other fly because at least you know where you stand.
Or crouch, as it were… you being in the sewer pipe and all.
___________
Thanks for the shoutout
I can see the baby deer playing by the rainbow lit stream already. Ah… the tranquility of day-traders.
btw. The movie Robot Jox just arrived for me from ebay on VHS. It was just as good as I remembered!
VHS??? Was ist das?
You are apparently over 47.5 yrs and need to gtfoh.
30.
I salute your excellent taste, sir.
I salute your excellent taste in excellent taste, sir.
Wow, that must have been a good bottle last night. Any recommends? I mist last Friday’s session 🙂
B+
For the longest time my daughter wore a button
that had B+ on it,
and I could not figure out what it meant.
LOL.
I’ll send it along to you Fly.
Do
For those of you interested in the rare earth roller coaster game, the ETF symbol REMX is launching today… It will be interesting if this will fuel another round of ridiculousness.
I have an unusual dog, and he barks thusly:
AVARF!
AVARF! AVARF! AVARF!
________
More strategic (copper/aluminum/titanium/etc) than rare from what I read … better off with a basket of real RE’s
Uncle Fly- I knew you could do it. My Dad said he thought you were changing you attitude when he saw you help old man Grabowski off the ground when he tripped over the unlit firecrackers in front of your house. My Dad said in the old days you would have kicked him and thrown hot coffee in his face.
By the way, in light of your new attitude will your candy be better this year for us trick or treaters? The soap in the tootsie rolls last year really wasn’t all that funny.
Off to physics class.
THE FLY IS STILL GOD, M-F-ERS!!!!
Are you going to Sunday school now?
Uncle Fly teaches at our Synagogue on Saturday and then the next day Sunday School at his Church.
All of the kids like him. Last we his talk was to be about The Parable of the Great Banquet and we thought it was going to be boring but it turned out he was talking about the Goldman Sachs annual meeting. Although, he does look a little funny wearing a yamaka.
I agree you can get more bees with honey. Were all all in this together (some better at it than others) as an army of eagles souring through the heavenly mountains, gandering at gods creation. We are one.
Good day sir.
In fact, a lot of them are dumb eagles that fly into trees, and pick through garbage. But I still like the analogy.
Did you see a double rainbow this morning bro?
Wow… It’s so amazing…. Bwaa haaa …. Whaaaah. What does it mean? It’s so vibrant and intense!
No, no, a thousand times no. A kinder gentler Fly is a negatory. Compromising one’s principles, strategies and lack of dignity is the new hope and change algorithm for distress. Fer Chrissakes doncha fergit the Sicilian mantra, “Potere è meglio di fottere”.
ur an idiot. why are you shortinng gold. no need to be a hero
musta gotten laid,and became gelato
Merlin is crying. The cartoons you made are soaring in value, and elevator riders no longer need umbrellas from hot coffee. Say it aint so..
u have stocks on your buylist. lol are you serious, u r the best contrarian indicator as of late. ur a bad bear turned bullish right near the top. this is too easy. shorting a boat load more of the SPY
Fly,
If you don’t have anything bad to say, don’t say it… indeeud
I don’t know if I can handle positivity from The Fly !
http://www.youtube.com/watch?v=_uhDttjKugE
I wonder how long this bullshit lasts. Fly is going to ban everyone next, via a fee to view his blog. This is a harbinger of things to come people, and look out!
http://www.youtube.com/watch?v=OQSNhk5ICTI&feature=related
There’s solid reason for 18 million views on this one!
That was awesome
Haha…I think that was The Fly.
Sounds like a Happy Ending ….
Okay.
I had to watch after I read “Happy Ending.”
Sounds like Bill Murray playing Carl the Groundskeeper in Caddyshack.
FIRST!!!!!!!!!!!!!!!!!!!!!!!!
CURSED!
_________
FEIST!
It’s 10:40am……….Calling Bubble Benny and Timmy G to the trading floor………..We need some POMO!
…..Bueller? Anyone?
Got a story from a realty agent friend who sells in San Diego. Now, this friend normally works in the mid price ranges 500K-1M. He’s had a short sale listing on a condo for a year. 2 offers in that year. Both at $250K. Seller total distress no money, divorce, is a special needs teacher making $1500/mo. Got into the condo at $340K at peak with zero down. True fair market value today around $250K-$265K. 1st offer was countered at $300K 6 weeks after submitted LOL. By that time Buyer bought something else LOLx2. Fast forward about 4 months later. Another offer $250K. 1st time Buyers FHA loan. This time Bank Counter’s at $322K and wants $40K cash from Seller LOLx3. Bank Of America deserves to trade at $2 though we know it won’t. Bank Of America quite frankly is the most hated institution since Bear/Lehman in my 3 legged afgani goated opinion. What a complete joke LOLx1,000,000,000. America is undoubtedly in severe decline. I’m going surfing LOL.
LOL!!!
Tell her to walk away and file bankruptcy. Scroo the banks.
WTF kind of a divorce lawyer did she have?
I am assuming the mortgage qualification came from the ex- husband’s income.
She should be getting $$ from the ex under the marital settlement agreement.
1500/Mth for a salary for special needs teacher in Calif?
Doesn’t add up.
long DGW ! Chinese, water, gamble!
Stop garroting that poor woman!
______
Great your going to stop kicking us off . Are you going to stop saying our mothers fuck goats
I would be buying WFC and BAC.
They tried to kill it this AM and couldn’t plus the mortgage “robo signing” deal is overblown.
It will cost some extra $$ but new affidavits and or Quiet Title suits will take care of this.
Mortgage buybacks fro investors is baked into the price IMO.
whoever wrote the last blog post:
what did you do to the Fly?
PS. AEM still long and still strong
I just bought some COCO. I think the worst is over for the school stocks now that they have come out with the new rules for them.
The FLY is getting worse by the day. I said last week that I was getting shorter than ever when FLY finally turned bullish. LOL joker
I bet your wife makes you sit down to pee.
+10 ^^^
You’ve already exposed yourself as a gold bug. That is kind of hypocritical. On what technical, volume, fundamental, or intermarket basis do you think gold is buyable , up here? Buying stocks up here is unsafe, but, so is chasing precious metals.
trading is “unsafe” by definition….
“up here” is realtive….
when i started buying gold at 350 level (per oz) .. everyone and their mama called it “up here” and “chasing”
🙂
PS: it’s a bull maket, you know.
Ok. So, you’re buying more gold up here based on what?
If you did ride it all the way up from the bottom, why would you not take profits here?
The only 2 reasons would be too much bias, or emotion.
Of course I did take profits on the way up, except for physical…
I also hedged it a few times… emotions caused it and I regret taking profits in golds..
Staying long in gold actually requires no emotions and some
support from experts, like Eric Sprott, who I follow for the past 9 years.
Hey asshole, I post under john a lot and you are making me look bad. From now on, I’m going to post under wolfdaddy and you can continue to be the toilet.
gonna be a lot of sad, empty elevator shafts
We interupt this new positive tone,with Bill Gross’ recent comments…
Still, while next Wednesday’s announcement will carry our qualified endorsement, I must admit it may be similar to a Turkey looking forward to a Thanksgiving Day celebration. Bondholders, while immediate beneficiaries, will likely eventually be delivered on a platter to more fortunate celebrants, be they financial asset classes more adaptable to inflation such as stocks or commodities, or perhaps the average American on Main Street who might benefit from a hoped-for rise in job growth or simply a boost in nominal wages, however deceptive the illusion. Check writing in the trillions is not a bondholder’s friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme. Public debt, actually, has always had a Ponzi-like characteristic. Granted, the U.S. has, at times, paid down its national debt, but there was always the assumption that as long as creditors could be found to roll over existing loans – and buy new ones – the game could keep going forever. Sovereign countries have always implicitly acknowledged that the existing debt would never be paid off because they would “grow” their way out of the apparent predicament, allowing future’s prosperity to continually pay for today’s finance.
Now, however, with growth in doubt, it seems that the Fed has taken Charles Ponzi one step further. Instead of simply paying for maturing debt with receipts from financial sector creditors – banks, insurance companies, surplus reserve nations and investment managers, to name the most significant – the Fed has joined the party itself. Rather than orchestrating the game from on high, it has jumped into the pond with the other swimmers. One and one-half trillion in checks were written in 2009, and trillions more lie ahead. The Fed, in effect, is telling the markets not to worry about our fiscal deficits, it will be the buyer of first and perhaps last resort. There is no need – as with Charles Ponzi – to find an increasing amount of future gullibles, they will just write the check themselves. I ask you: Has there ever been a Ponzi scheme so brazen? There has not. This one is so unique that it requires a new name. I call it a Sammy scheme, in honor of Uncle Sam and the politicians (as well as its citizens) who have brought us to this critical moment in time. It is not a Bernanke scheme, because this is his only alternative and he shares no responsibility for its origin. It is a Sammy scheme – you and I, and the politicians that we elect every two years – deserve all the blame.
No, say it is not so.
Mentally, I am long black smoke and twisted metal. It is your wit and sarcasm that grant me hope.
Treu. It is the wit (black smoke) and humor (twisted metal) that sparc the engine of hope on “these here internets”.
Why?
Because you speak truly.
Whether one agrees with you or not.
Whether one likes you or not.
The honesty cannot be denied.
Honesty is in short supply and thus in huge demand. Hence valuable.
Help us obi-wan-tropicanna.
You are our only hope.
Will a kindler, gentler, fly will compromise the true spirit of plutonium petey?
(disclaimer: this comment has nothing to do with making money in regards to positioning. Its intent is a plea for sarcasm and humor.)
Good day to all.
There’s always Slope of Dopes…. three doors down to the left.
It’s a veritable Perma-bear Support Group.
___________
Lol.
Frequenting a blog where money is continually lost would be idiotic.
I simply like the old fly humor.
(see disclaimer above)
It’s like what I said above.
New affidavits and in some limited cases quiet title suits will take care of this bogus mortgage “fraud” that Plaintiff’s attorneys would like one to believe.
At worse it would be up to the trial court in the State Courts to decide if their would be civil sanctions against the lender.
Nobody has said yet that the homeowner’s were not in default.
hey T.C, i’d like to know when the “witch hunt” for all those over zealous commission hound r.e.agents begins.after all, these defaulted homeowners had to be shown these homes that they couldnt afford by some body. no?
I imagine the Plaintiff’s Bar could make a legal case for going after the “Buyers Agents.”
This should be a lesson to all that when buying real estate ALWAYS get a Buyer’s title insurance policy.
The mortgage policy only protects the lender.
Plus a Buyers Title Policy is dirt cheap as it is known as a simultaneous issue (with that of the lender).
I used to write for several of the title companies in the lawyer days.
the times i have bought homes,there were title searches done to make sure it was clear,and had no liens, etc. and there during that process you knew if you had a good clean and clear title to the house. its been over 17 yrs since i have done a closing. how could anyone skip that part is unreal
I propose a revision of terms.
Fly can swear at any touch of 11,050 Dow.
This lack of proper outlet via the Kings language is proving to be too much for Fly to bear.
We are seeing a great mind disintegrate before our eyes.
Also, no one mention VXX period in Flys presence.
It’s hard enough to live with a position known to be gay… let alone hear the chortles of others
Treat others as you would want to be treated…not how Fly would treat you. [with full justification, of course]
will someone ask his “highness” what he’s gonna do with vxx,dump it before, or after the (cough) split.
Fly….You have to be true to yourself…riding around in the Spaceship and hitting people with laser beams is you….you are not, lets all hold hands with people that don’t do even .01% of the work that you do. Market is so out of balanced…everyone is betting on a GDP miss tomorrow for QEing next week….
“For one, the site represents a very small percentage of my income, yet takes up the majority of my time. Secondly, managing the website, with everyone’s egotistical personalities, is a drain, especially since everyone works to a different beat. My beat is stronger than others, which inherently causes friction in the form of masked jealousy. Sometimes I feel like just leaving the site to die, just to prove a point.”
Don’t you even think about it. Your writings help you more than you know by getting your thoughts out and serving as a soundboard for yourself and your performance. And second, since we are onto this Zen topic, it helps everyone reading this, criticism notwithstanding. I for one look forward to reading your most creative rant on the state of the markets and would feel deprived without it.
On a different note, I have neutralized my NFLX position and booked a ~$700k loss on this cocksucker. I lost sight of a very obvious lesson: the reason we call it a mania it is b/c it is a mania. Meaning we all know it will end but we have no clue WHEN it will end as it is a MANIA! I thought the RE was done by late 2004 but it ended up being DONE three years later…same with internet/telecom bubble or more specifically KKD or Taser, whatever the fuck their symbol was, I can’t recall now!
Cheerio
VXX still a good play even it is doesn’t pan out, isn’t that the purpose for the “hedge”?
Don’t be an ass!
_____
couldn’t help yourself, eh?
Too easy.
______
great ass, at that… you coke induced, strip club addicted, man-whore. (who was one of the best NFL players of all time).
You will make it back Joe
A professor at Auburn University is giving a seminar on the supernatural. Getting a feel for his students, he asks “How many of you believe in ghosts?” About 80 of his students raise their hands.
“That’s a good start I suppose. Those of you who believe in ghosts, how many have actually seen a ghost?” About 30 students raise their hands.
“That’s good. I’m really glad you’re taking this seriously. Ok, has anyone here ever talked to a ghost?” About a dozen students raise their hands.
“That’s a great response. Has anyone ever touched a ghost?” Two students raise their hands. “That’s fantastic. But let me ask you one last question… have any of you ever made love to a ghost?”
One student in the back raises his hand. The professor is astonished. He removes his glasses, takes a step back, and says, “Sir, in all the years I’ve been giving this lecture, no one has ever actually claimed to have slept with a ghost. Why don’t you come up here and tell us about it.”
The”OldTimer” replies with a nod and a grin, and begins to make his way up to the podium. The professor says, “Well, tell us what it’s like to have sex with a ghost.”
The “Senior” replies, “Ghost? Oh… I thought you said ‘goats’!”
Good one, Centurion!
_______
I have a true story to relay from this joke.
At some party many years ago they had hired a comedian. This comedian (cocksucker really) saw me with this most beautiful chick (this chick was a doctor) and I think he felt like what the fuck was this ‘foreign’ dude doing bringing this gorgeous chick to the party) so he approached us before the party begun and in a friendly way asked me where I was from. I told him this and thought nothing of it. When he started his shtick he actually tailored the joke to my nationality of birth (which i frankly don’t give a shit about any longer) But the point was that I was put on the spot. He tailored this entire joke to making me and my nationality the subject of his joke as goat fuckers. I endured the laughter of everyone involved with the help of few shots of finest patron tequilas. In the end he ‘apologized’ to the group and asked me to go to the front and get the ‘award’, I can’t even remember what the fuck it was…but as I approached him, he said: and the goat-fucker from ????is here to claim his prize as the best goat fucker in his ???…At this point I couldn’t take it any longer and just ‘gently’ nudged the guy in his face with my fist! This cocsucker fell down like a ton of bricks…his cheep costume and all!
No more than five minutes later the place was crawling with police…With the help of the restaurant owner and others, I didn’t get arrested and the cocksucker who called himself a comedian apologized for his mistake. I told him that in addition to fucking goats, we are known to throw a punch when appropriate. Guess what, he didn’t think my comment was funny. I sure did as I went on about my business and spend the night at the renaissance hotel in Seattle with this chick whose name, I shamefully, no longer remember!
a “comic” with an axe to grind….and teeth to replace…
not uncommon for ‘comics’ to get a beat down after show…..not very original to just humiliate someone in the crowd for a few chuckles.
It surprises me why people in the room won’t step up when horse shit like that goes on…
BREAKING NEWS YEAR 2012: China is foreclosing on Alaska. Obalabla pawned Alaska back in 2010 to pay for QE2 and could not pay back the loan.
President Palin declares WAR
Jeramy…Is the next post messed up?…only half of it appears and the comment section is not coming up…
They did that intentionally so that no one could post and ruin Fly’s good mood.
Fly, are you on happy pills? Not a bad look for you.
It’s not an Obama Nation, It’s an Abomination!