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
23,417 Blog Posts

COVER NOW, ELSE DIE LATER

The Bearded Clam would like to have a word, or two.

More so, there are things the plebs are not aware of, all to do with the harmony of mathematical precision, as it pertains to pricing of equities. You know The PPT flagged OVERSOLD on Friday and again yesterday, yet you chose to ignore something that has been successful 89% of the time, in favor of your brainless gut. You were told SRTY, FAZ, TWM and other inverse ETF’s were flagged “Overbought”, yet you bought them with great vigor and tenacity. What you failed to commiserate in your daily diatribes is the duration in which these signals are effective.

I will not reveal the true nature of these statistics, for fear the unvarnished truth will shatter your souls and turn you into catatonic misfits. However, I am warning you now, the accuracy of these signals, sent from the heavens straight down to this idiot server into your brains, begins to increase with efficiency right now, lasting for another 7 business days.

Say all you want about correlations and how they pertain to investment management. Such words fall upon deaf ears, which are only capable of hearing the sound of money drop onto velvet rugs. Trying to debate mathematics is the equivalent to having an arm wrestle with a TSAR BOMBA.

BEHOLD:

[youtube:http://www.youtube.com/watch?v=C0jgZXVSq58&feature=youtu.be 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter

56 comments

  1. Trading Nymph

    Fly…Did you look at my website???? and all the others. What was your thoughts???

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. noodle

    not yet fly, still a bit lower

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. john

    Markets just oversold short term, that doesn’t mean we have an epic move higher, yet. Following the trend we go a little higher before we go even lower around this channel. That said, I’m still full boar long….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. Juiceyfruit

    Don’t know Monsieur Le Fly … I think a better rally starts … from lower down.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. theedge111

    Holding shorts with both hands: TWM, QID, SDS.

    Your rally sucks ass! Pathetic price action after 4 straight down days.

    Let’s see what the balded pussy has to say today. QE3 or not to QE3???

    This market will fall off a cliff without it. Good day sir. See you at DOW 8000 in a few months.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • A Monkey with a Set of 0% Interest Chop Sticks
      A Monkey with a Set of 0% Interest Chop Sticks

      QE3 or not, we’re fucked. Stagflation, Japan style. This market is more skitish than a house cat on meth. So when do yall think the housing market will rebound? Maybe 2050.

      • 0
      • 0
      • 0 Deem this to be "Fake News"
      • Frog playing a colorful accordion in a small Italian village
        Frog playing a colorful accordion in a small Italian village

        In the next year or 2. The Fed will pump QE3 into the economy– maybe they call it a more acceptable name but that will be what it is– and people will get rich in the market and go out and buy houses. It will only last for a few years though, maybe 2014 or 2015, before housing and everything else blows up again and we are into the future scenario where Fly starts blogging about how to grow carrots .

        • 0
        • 0
        • 0 Deem this to be "Fake News"
  6. Mick

    swks …. wowser

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. vava

    Fly, you’re not selling anything yet?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. Quint

    “Libyan leader Gadhafi vows to fight until death”…OK, I think we can handle that.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Russian Turkey

    Your old friend Lenny back in the news: http://www.bnd.com/2011/06/06/1738057/lenny-dykstra-charged-with-drug.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. rookie

    89% does not equal 100%? that said i think you’re a fool if you didn’t cover shorts yesterday because according to my models ( which have a 98% accuracy rate ) we will hit 1313 this week.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Fancy Sauce

    Crack spread is over $27, 3 weeks left in the quarter. Didn’t WNR estimate $16 for the average crack spread for the Q. If the average stays above $24, then that’s a 50% beat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Geoduck

    Herb Greenberg is a rumor monger and nothing more.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • drummerboy

      amen amen amen. remember the movie the cooler he’s playing jerry lundegards part right now to the fucking T. foools foools

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  13. Quint

    Tiger Woods to miss US Open…hooker prices are plummeting at Congressional Golf Club.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
    • razorsedge

      i heard hes’s lookin for a better deal, gonna hook up with wiener

      • 0
      • 0
      • 0 Deem this to be "Fake News"
  14. ruggyup winner
    ruggyup winner

    For intrepid souls enjoying a gaze into the future internationally >
    http://www.upstreamonline.com/live/article260306.ece
    Go Norge

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. drummerboy

    wnr. nice b/o on the 5 day 15 min, last 2 days either an inverted h/s , or a nice cup forming, considering today’s action,is loooookin gooood

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. razorsedge

    anybody lookin at CLF? i sold @ 101.ish (luck) but even with more shares being offered, its lookin good to me. they said the offering in part was to pay down debt.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. almond

    The orchestra is tuning up for the Fly Tod und Trauermarsch. Flydämmerung.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. Trading Nymph

    Nymph in Full Battle Gear waiting for the best hit the Clam can give me. Me and the US Dollar ready.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. Apocalypse Now
    Apocalypse Now

    Watching C-SPAN broadcast of Federal Deficit & Debt Reduction Panel coverage. One panelist suggested engineering a 700 point drop in the stock market for a few days to shake people up so that they get serious about the issues so that tough decisions can be made regarding the debt limit and spending cuts so that people act like adults. He added, I am not recommending this but he and another panelist laughed about it.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. The Clam

    I lose…even when it appears I’m losing

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. Apocalypse Now
    Apocalypse Now

    Fitting Song: The day the Music/QE Died:

    http://www.youtube.com/watch?v=uAsV5-Hv-7U

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. The Clam

    Looks like my zero percent interest rate and trillion dollar injection ain’t workin’….Are there any questions?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. A Monkey with My Weiner on Twitter
    A Monkey with My Weiner on Twitter

    What did the clam say? I need an interpreter.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. razorsedge

    just bought LDK, 7.09

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. Blind Read Ant

    “catatonic misfits” – it’s all about DSM mental-class-warfare.

    Just in case IBC is interested, the only English-first-language folks at DCK and Couture this week (in Las Vegas’ PM / Jewelry Vendor-Inventory show) were at registration booths and security. The whole city perimeter had massive “public works” where no one was working. All Casino parking was closed off at top (WYNN/Paris/Mandalay Bay).

    It was somewhere in that moment, that I wondered if their was a temporary, hostile takeover by the Oligarchs, here, and maybe dealing with the crazies isn’t worth quibbling over more platinum watches (even if not by Rolex this time).

    Never mind how I escaped evil robber/murderer (?) and required armed security guards. Stories for some other day, this Thursday, to the moon for the market. Time for it to head up.

    • 0
    • 0
    • 0 Deem this to be "Fake News"