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
23,441 Blog Posts

Go Back to Your Desks; Everything is Back to Normal

By the way, avoid taking Allegra D. It causes heart attacks.

It looks like the market is going to bounce today. Like I said yesterday, it doesn’t matter, since I am looking for more. I want, at a minimum, a 4% spike from here. In true spoiled brat fashion, I will have my 4% or get nothing. Should I receive the latter, that’s perfectly acceptable too, since I am a firm believer in celestial beings inflicting black magic on people who they deem to be “bad” or a sinner. Truth be told, it’s a constant struggle, resisting the temptation of kicking people down stairs or people on wheel chairs into oncoming traffic. Some of you losers struggle with drug abuse; I struggle with random acts of barbaric violence.

I am not interested in changing my stocks, at least at the moment, since everything is oversold. I have a decent mix of names that will do nicely on a rebound.

In the event we reverse lower today and wallow in pig shit, I’ll be heading the fuck out from here to somewhere whimsical, in order to clean my mind of all of this madness.

NOTE: Blog reviews will be posted tonight.

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16 comments

  1. stinkystank

    word up, homie

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  2. sspiff

    You would be welcome to join me sheepherding in romania as my ytd gains evaporate.

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  3. drummerboy

    miniumum 4%. yea that would be nice , be nicer if it did it for the rest of the week.

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  4. Mick

    OPEN is closed

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  5. The Big Ragu

    Fly you still struggling with Catholic guilt?

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  6. almond

    Götterdämmerung. Flydämmerung.

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  7. xxxHuggieBearxxx
    xxxHuggieBearxxx

    fuck i need 4% just to get even

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  8. Mick

    You chose yogurt over my gift of SWKS…… up almost 7% today

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  9. j

    Here’s my humble impression. Yesterday’s cluster fuck, depending on which side of the market you were one was adversely impacted by the comments coming from the Fed official in a speech where he suggested the big banks would need to double their equity Basel 3 requirements from 3 to 14%. Double! Wham the banks get seriously hit. a large number of people didn’t know and when they saw the banks falling like that they thought it was 09 all over again.

    Today’s calming nerves story on Bloomberg put that too bed and the lead up was that the Fed was looking for an extra capital amount of 3% (10%) by 2019 and nixed the 14% requirement, so the banks are okay now in that they weren’t falling because they were bust but because of lingering regulatory risk. I think this change is quite important for people to understand. In other words if the bank stocks fall they are doing so for those reason rather than insolvency.

    This ought to cool the market;s heals a bit.

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    • drummerboy

      knee jerk reaction to misinformation on basel, and just how much “cooling”, % wise does that make for the rest of the market being crap for 5 weeks, complete diversion from china selling the lions share o f us dollars. so how much “wag the dog” cooling will that reality take.

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  10. Frog playing a colorful accordion in a small Italian village
    Frog playing a colorful accordion in a small Italian village

    “since I am a firm believer in celestial beings inflicting black magic on people who they deem to be “bad” or a sinner. ”

    yet another great phrase, Fly, LOL.

    Seriously, though, I wonder if deep down inside, most of us believe in that. Humans certainly act as though that’s true a lot of the time. But maybe we need to get past that belief– to transcend it and move on to the next level.

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  11. rookie

    thanks, fly for making me do a google search on “By the way, avoid taking Allegra D. It causes heart attacks.”…

    been taking it for ages. good lookin out ..

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  12. Fly's Doctor Sidney Ross, M.D.
    Fly's Doctor Sidney Ross, M.D.

    Allegra D? Wih your blood pressure? Good God Fly!!! Are you suicidal? I have cleared my entire schedule between 4:15 and 5:00 (after market hours-you are welcome) for you to get your sorry medical ass into my office for some tests. I have schedulled the following: Transthoracic echocardiogram, a electrophysiology study, an Intravascular ultrasound, and a Positron emission tomography test.
    No more of the following for you: Pizza, Bolognese, Tiramisù, Espresso, Gelato, Ravioli, Spaghetti, Gnocchi, Frittata, Tortellini, and Lasagne .
    If you keep cheering for the Mets you will need to see a brain surgeon, my Uncle Rothberg.
    And bring cash, a credit card, or at least 3 different insurance cards.

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    • drummerboy

      hey doc,sounds like your also gonna do a “slip a dictomy”, you need surgical nerves of steel for that procedure.

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    • go2mars

      Don’t forget to top up the oil in his cybernetic implants!

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  13. CyBoy

    While y’all celebrate, this crazy market is trying to yank my breeches down in broad daylight!

    I appreciate the Good Lord keeping a balance and all that, but why not pick on someone else? I’m way too small to register on any Godly weighing scales..

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