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
23,445 Blog Posts

Same Game, Different Day

When you buy $350,000 worth of lotto tickets, from your local bodega, you don’t walk away from said establishment thinking “boy, I better win that fucking lottery drawing.” If you get disappointed when you don’t win lotto, quit at once. Playing lotto is equal to sucking down some pina colodas, oceanside, while watching celebrity deathmatch. You don’t get mad when Christopher Walken gets killed, following such funny lines. Sure, you’re a little disappointed, but not mad.

Having said that, I didn’t win with CSFG today, thanks to an earnings shortfall. I am sure you believe “after such a non win, he might reign it in a little.” Well, you’d be wrong about that, fuckface, for the game has not changed.

The futures were supposed to be down 4-6 this morning, yet we are up. Go figure. The market is very stretched to the upside. However, we are living in a land of fiction, so past correlations do not apply. When the carpet gets pulled, it will be ugly. However, I don’t think we are there yet. There are plenty of wins yet to be had.

More on this later.

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13 comments

  1. JuiceyFruit

    Take a stab a some CNAM, boss. It’s 4.30 down, 1000 up

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  2. Braveflaps

    Carpet pulled??

    No, sir – carpet munched…

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  3. go2mars

    Anything is possible. Including higher everything. http://www.observer.com/2010/daily-transom/future-alert-std-test-theres-app

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  4. Bo Beach

    May I still buy IBC swag? I want the R.W. tee for x-mas. Hopefully it’s still at the reduced price.

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  5. sniper6

    I forgot to stop at the ATM this morning. I’ll do the next best thing and pick up some UYG and DIG for a quick trade this morning.

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  6. FIG

    The rug will never be pulled. This is a rally based on hyperinflation. And with hyperinflation, it won’t end until the dollar is useless. Until then, keep buying and never sell, otherwise, you will miss a day of inflation.

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    • go2mars

      Or just buy some hard goods now (crate-loads of spam, guns&ammo, annonymously purchased gold coins) and go golfing.

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      • Colonel Von Ryan

        Guns go up in value about 15% / year depending on the make, (stick with the quality stuff). If someone goes out of business, such as Colt, you can get an immediate 100 % ROI. Same if a Democrat is elected President or someone in congress whispers “assault rifle ban” or “ammo restrictions”.

        These returns are constant and better still, decoupled from the market / economy.

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  7. sniper6

    and, picked up MEE at $46.90- ish

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  8. Rand

    Its hunting season for RW Pelican. Season opened for BPDrillers, you can bag the limit, but BP engineers are open this season, get as many as you can handle. RW says he needs a dump truck to bring in his catch. Just in time for the holidays!

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    • go2mars

      Even the Canadian BP employees got the shaft from that GOM well. BP sold all their Canadian assets to Apache (to raise offsetting blow-out related cash), and Apache is going to turf hundreds of the BP folks. ConocoPhillips in Canada is also gearing up to send several hundred out on the street in the next few months (again).

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  9. The_Real_Hmmm

    But what does this have to do with the establishment of a bioethical commission, GOP-stobber?

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