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

The U.S is Leadership

As the media stoke the flames of revolution in the land of mummies and slaves, the Obama administration purposely disseminates false information with regards to the resignation of Mubarak. It’s fascinating to watch a country of 85 million people crumble because 1% of the population take to the streets. Considering the fact that Egyptian unemployment is near 40%, it’s no surprise to see those fucking tea drinkers camping out all night, as they have nothing better to do. What’s doubly interesting is the ideologues opining on this movement as if it was the American revolution redux. When I said “freedom must be forged with the blood of honorable citizens,” I meant it.

The Egyptian movement is the modern version of a coup, a lazy man’s approach to self governing. Who do you think will take over the Egyptian government and why are you wearing rose colored glasses? Call me callous: I don’t give a shit. The middle east, save Israel, isn’t ready for democracy. Their brains are stuck in the dark ages, around the year 1500, or some shit. The end result will lead to higher gold/oil prices.

Looking over my index’s in The PPT (GARP, Social Networking, Commodity, Raw Commodity, 4g, Risk Appetite and Foreign), they’re all trading at new highs, save Foreign and Risk Appetite. With my year to date gains a tad under 6%, there is NO REASON AT ALL to believe the market is top heavy here. It’s still going up, despite bad earnings misses and fierce corrections in high beta names. If you notice, the money shufflers don’t give a shit about “leadership,” because the entire nation of the United States is leadership. There is a reason why U.S. markets are outperforming: we got POMO juice motherfucker.

Ben Bernanke has a strong pimp hand and the swagger of 10,000 Mubaraks. Stocks like CSCO, AKAM, CRM or FFIV can correct and other stocks will take their place as leadership. This market doesn’t need leaders, just POMO.

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56 comments

  1. Clark

    Hell yea baby, all I need is CRUS!

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  2. mrkcbill

    Right on point Dr.Fly

    Thanks Blogdaddy….How bout some BROKER A– T-shirts?

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  3. ANGRY LESBIAN

    RAHHHHHHHH

    Egypt will soon fall to my control.

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  4. Frank White

    So what happens when POMO ends in 4 months? Do they just close the market for the rest of the year?

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  5. White Gloved Frog with Top Hat and Platinum Tipped Cane
    White Gloved Frog with Top Hat and Platinum Tipped Cane

    Sounds like a good idea. Give everyone a rest from it.

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  6. White Gloved Frog with Top Hat and Platinum Tipped Cane
    White Gloved Frog with Top Hat and Platinum Tipped Cane

    I don’t know how anyone here in the U.S. thinks they know what is going on in Egypt. I could not have predicted the events in Tunisia, nor can I predict the ones in Egypt. I have only met one person from Egypt, the clerk at the 7-11. Do any of you know anyone who speaks Egyptian Arabic? I know very few people who have even visited there. Not that visiting there as a tourist would give you any clue as to what’s going on. I have to go to wikipedia to find out some little bit of info about the place.

    http://en.wikipedia.org/wiki/Egypt

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    • Trading_Nymph

      Pick Me, Pick Me…you know what I use, Google translator, it is truly amazing what you can find out when you go right to the source and translate it to english………………Commodities are one ugly bubble that will pop…taking forever, but will pop.

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    • Geoduck

      There’s a bunch of news stuff available about what’s going on in Egypt. From many different sources. We probably know more than the average Egyptian.

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      • White Gloved Frog with Top Hat and Platinum Tipped Cane
        White Gloved Frog with Top Hat and Platinum Tipped Cane

        Not much from folks who speak Egyptian Arabic and who have spent much time over there. Lots of second hand info.

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    • Stocks&Golf

      My Grandad spent some time there, vacationing. He wore white gloves while he drove his camel alongside the pyramids.
      Truly the greatest fear is that this state becomes another Iran- wherein they still fly 1970s aircraft that the US provided, albeit with greater difficulty to maintain, even though the F-14 is to America what the AK-47 is to Russia.
      If you’ve bothered to notice – the Egyptians fly F-16s and F-15s and drive M-1s, although their transports are BDUs and not Bradleys- hence the M1s do the heavy lifting. \
      Anyone in a gunfight knows that its all about the caliber and the mag – when you’re dealing with this sort of revolution, no military can ever stay out – its ALWAYS about the military. If the military is calling for a coup, then it is saying that they back the revolution, and you better watch the fuck out.

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  7. barberosa

    Amusing as hell to hear the American Revolution mentioned in the same rant as the Clam, considering the paradox one creates sitting next to the other… For the over indoctrinated who just might fail to see the humor, Who owns the FED anyway? “Who cares, as long as we can ‘pomo it up’, what do I care who runs our country’s money supply” was the battle cry!… till the sky fell, and aliens claiming to be your Gods mercilessly pecker-slapped you as they plundered your gold and silver, and ‘made it rain’ with freshly minted $1,000,000,000 bills from their giant pink pig shaped spacecraft.

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  8. Fly

    Well done barberosa

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    • barberosa

      Thanks, but I didn’t even get to the part of the story where I was teleported inside the pig ship, and in a seedy lounge with 60’s decor Alan Greenspan, The Pope, and ‘Her Highness’ were making out in a fake leather booth and sharing an enormous banana split, and getting it all over each other, and sucking directly off a nitrous oxide tank.

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  9. retox

    “the Obama administration purposely disseminates false information with regards to the resignation of Mubarak”

    You give Obama way too much credit. The Saudis tried to tell him to step off but he didn’t listen.

    so… Obama was TOLD shit would go down all cool-like and he got fingers in the eyes 3 Stooges style.

    Mubarak worked that line in there about “foreigners should STFU – I got this” just for him – that shit was personal. No matter how much cash, guns and, porn we send those fuckers, we will always be outsiders.

    No worries, King Tut’s gold mask is being melted down as we speak and 30 years of “ooops, did we do that?” is being covered up so these fucks can get on with it.

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  10. flyaway18

    Here’s what I don’t get:
    We have high levels of gasoline distillates
    and yet the price of gas seems stuck at the $3.30 level
    in Upstate State New York no matter what the level of inventories,
    or price of oil, $92 or $86.
    I highly doubt gas will dip to the low 3s or below anytime soon.
    As for gold, higher is good for my port.

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  11. TraderCaddy

    Fly has hit it out of the park.
    Soros has been funding the opposition (read Muslim Brotherhood). The main street media is lying about this being a democratic movement. And now Obama has pissed off King Abdullah.
    Egypt will be lost. Democratic elections in Gaza brought us Hamas, The Cedar Revolution in Lebanon is bringing us Hezbollah, Iranian revolution brought us you know who, and I say it is only a matter of time before Iraq becomes a satellite of Iran.
    Muslim Brotherhood said they will tear up the treaty with Israel and confront them. Israel will retake the Sinai and they won’t stop outside Cairo this time.
    Our media has always been fruity.
    Check out this NY Times article from 1959 where they called Castro a “hero”, “a man of destiny”, etc.

    http://www.nytimes.com/packages/html/books/matthews/matthews011859.pdf

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    • alphadawgg

      ….and this should be about the time Obama will go on a golf trip to Hawaii again.

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    • White Gloved Frog with Top Hat and Platinum Tipped Cane
      White Gloved Frog with Top Hat and Platinum Tipped Cane

      Please provide a link documenting that Soros has been funding the Muslim Brotherhood, from a source that has a reputation for publishing factual information rather than made up “information.” Also a reputable source for your allegation that the opposition to Mubarak is the Muslim Brotherhood. In my reading about Egypt, I have seen nothing about either of these. But then I have been reading mostly news sources that stick to the facts, not listening to Glenn Beck’s point of view from whatever planet he lives on.

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      • JakeGint

        Ah, the lazy Glenn Beck reference, as if on cue.

        You lefties are nothing if not consistent in your rote recitations. Sr. Margeret Holy Picture would be so PROUD!

        ______________

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        • White Gloved Frog with Top Hat and Platinum Tipped Cane
          White Gloved Frog with Top Hat and Platinum Tipped Cane

          Apparently neither you nor Trader Caddy has a link to any factual info about Soros funding the Muslim Brotherhood then. So someone just made it up apparently, with no evidence.

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          • alphadawgg

            The MB can go eat a pork sausage.

            Soros is playing to the devil.

            Soros spelled backward is S-O-R-O-S. How wierd is that?

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          • go2mars

            Wow, dude, you just blew my mind! And if the letters are rearranged, it spells OSRSO. The famous and highly sinister acronym for the secret society “Order of Scary Rituals; Some Odd”.

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      • Geoduck

        I don’t know if there is a funding link. But he supports the revolutionary movement at least in spirit, and acknowledged the Muslim Brotherhood are likely to emerge as the strongest opposition movement.

        http://www.washingtonpost.com/wp-dyn/content/article/2011/02/02/AR2011020205041.html

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    • go2mars

      Kind of like what some sources say about Obama today.

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  12. Lead will fly

    Indeed, there will be no soft landing in Egypt, nor will there be one in the US of A.
    When this Clametaceous Period ends, it will not end with a whimper.
    There will be mass extinctions of fortunes and some of the to big to fail dinosaurs will be no more.
    song (metal western): http://www.youtube.com/watch?v=hmtzRo-Qro8&feature=related

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  13. Goldie

    Mubarak to the Egyptian people:

    “Eat a dick up and hiccup!”

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  14. Teapotdome

    Sounds like Mr. Fly tapped into the universal consciousness tonight.

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  15. Mustard Seeds

    Clam Juice trumps Egyptian Blood.

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    • alphadawgg

      Ironically, QE Clam Juice might indirectly contribute to Egyptian blood because of rising commodity prices.

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      • Mustard Seeds

        Yes, it did and will continue. He squarely blamed their problems on the system of subsidies and overseeing political process of supporting the popoulus there. It will not be the last, and thus make the US the best place for those overseas, who have money, to invest money in our equities. We can do many things, it doesn’t just take guns and bombs….destroy the world to save us..not only Clamesque, but Shermanesque!

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  16. alphadawgg

    I’m glad Obama got served the STFU memo by Mubarack.

    Everybody should stay the fuck out of Egypt, especially Obama. If the fuckers want to kill each other, so be it. If they are that stupid and calloused, they shouldn’t be passing their genes on to the next generation. Order needs to be restored and people need to calm the fuck down and think all this shit through.

    What a clusterfuck we have on our hands now.

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    • White Gloved Frog with Top Hat and Platinum Tipped Cane
      White Gloved Frog with Top Hat and Platinum Tipped Cane

      I agree. We should stay the fuck out. It’s their own place. Let them do whatever they want with it. It doesn’t need to be our thing– beyond insuring that the Suez Canal stays open.

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      • Contradictory Statement
        Contradictory Statement

        It doesn’t need to be our thing– beyond insuring that the Suez Canal stays open.

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  17. Mushroomz

    the world is ready for democracy because of Google

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  18. Mushroomz

    that fits into my $GOOG to $1000 thesis anyway

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  19. Alvari40

    Callous.

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  20. alphadawgg

    Capitalist.

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  21. theedge111

    POMO will turn into NOGO in June when the Fed is politically forced to end QE.

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  22. JakeGint

    Dollar death? Not so fast….

    Dollar life? Not that either…..

    _______________

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  23. TMoe

    Great post Fly

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  24. Juiceyfruit

    John F. Kennedy message to Hosni:

    “Those Who Make Peaceful Revolution Impossible, Make Violent Revolution Inevitable”

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  25. Quint

    Mubarak is great, he’s heading off to his resort on the Red Sea while everyone holds a big protest – last thing he said to the crowd, “save me some Falafel”.

    In 10 years, this is the first video of an angry crowd in the Middle East where not one person is holding an AK-47 or an RPG…Mubarak has complete control.

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    • Ken F Powers

      Just keep buying. Went long again in pre-market. Rinse, wash, repeat.

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      • Quint

        That strategy works…let the first hour of selling play out today, then start your buying around lunch time and be ready for the Monday jam session higher.

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  26. Erin Burnett's Booty Call
    Erin Burnett's Booty Call

    Israel isn’t ready for democracy yet either, because the Jews will soon be outnumbered by Arabs, and if it’s a true democracy it will no longer be able to call itself a “Jewish state” and it will also be called Palestine.

    Apartheid, democracy, potayto, potato.

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