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
23,471 Blog Posts

God Save US All: A Down Day

It appears the moon, earth and all of the galaxies in the universe are working against the defined interests of a certain bearded clam— to bring the markets lower. Today’s tape has a certain nagging feel to it, not so much different than your wife pestering you to complete a chore while the game is on.

I am down slightly on the day and loathe the fact that I may close out the day a loser, despite my AGU sprinting higher. However, I’ve been a bit spoiled with regards to this market, so I really don’t mind donating some of my coin to those of you (bearshitters) that need it most.

Do not spazz out, fucktards of the internet. Every once in awhile the market trades down. Into the final hour of trade, I intend to add to a few positions.

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21 comments

  1. Moses

    “Every once in awhile the market trades down.”

    How dare ye cast such dispersions…

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  2. Yabollox

    Deere John,

    I want a shiny new tractor.

    signed,

    Milk Farmer

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    • John Deere

      It’ll cost your daughter, the good-looking one.

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    • WTF

      “Deere John, we sees very big synergy in us acquiring your great Amerikan kompany. Think much about it. We have many, many clambax. Our future belong together.

      Truly yours,
      CCME”

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  3. Colonel von Ryan

    After Ryan gets through with Bernanke then it’s Paul’s turn. They will tag team his ass, banging folding steel chairs over his head until he collapses in a heap. Then it’s Geithner, Holder and Napolitano. They all may as well rent a room at the Omni, it has a tube out front so they can shuttle to the capital every day… This is just the beginning….

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    • Yabollox

      It’s not going to be all that. The repubs only have the house. If they get too carried away with themselves they will only make themselves look bad. I’m hoping for a measured, cautious approach.

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      • Mr. Cain Thaler

        (laughter) to some degree here, the fact that Republicans only have the house is more grounds for them to go extreme with this. Not only can they effectively get the cuts they want over the entire government by bringing just the one chamber to a standstill, but they prbably wouldn’t get blamed for it. And, they would make the Democratic Party, holding two thirds of the system, look pathetic and weak.

        I wouldn’t be surprised if in bringing the entire government to a standstill, blame for that action were laid squarely at Obama’s feet. In fact, the last time Republicans did such a thing, during the Clinton years, they were rewarded with control of Congress for over a decade.

        And if Obama fails to gain retribution, like Clinton did, (and provided Republicans can even find a strong candidate, which doesn’t look promising) they may take the presidency.

        Although, between you and I, the thought of Republicans holding the country undisputed again scares even me. I’m conservative, but I’m not stupid…

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  4. Rubber Glove Wrapped Finger
    Rubber Glove Wrapped Finger

    Bend over, elbows on the table, this will just take a minute…

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  5. WTF

    Haha, these hearings are like a conversation of a blind man with a deaf one. Very funny, indeud.

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  6. Busho

    Are you listening to what the market is saying or not?

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  7. Apple Fan

    If Apple goes red on the day, I’m going to puke.

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  8. Manfred Zimmel

    the moon, earth and all of the galaxies in the universe are working against the defined interests of a certain bearded clam…

    …according to the Bradley Siderograph forecast we are very close to the Feb 17th major turn date

    http://www.amanita.at/Interessantes/Artikel/detail.php?id=15903

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  9. Quint

    Remember the strategy – buy the Thursday morning selloff, followed by the Friday morning selloff, and then sell the Monday morning pop.

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  10. Kinz

    fly what about MOTR this is bs 25% down

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  11. Tx Slave Trader

    “Do not spazz out, fucktards of the internet.” – Muahahahahahah

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  12. retox

    Bank guy I’m talking to says 6 of 10 retail positions (their clients) in EUR/USD are shorts and 80% plus are below market price (negative p&l) – 90% of short positions are about evenly distributed from 3500 to 3700.

    Heavy stops are building not too far above from 3740 through 3755 with more at 3765.

    Smells like potential upside…

    They can all thank Bernanke, a New Jersey downgrade at 12pm, and a perfect 1pm POMO for smacking USD today.

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  13. retox

    anybody have a take on indirects being 71% on the 10 yr today (an all time high)??

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