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
23,446 Blog Posts

I’ve Retired From Investing

This morning, while driving my kids to school, annoyed by the insulting and moronic music that played in the car in front of me, I decided to retire from the field of investing. There is nothing worthwhile about being a musical monkey, watching dicksuckers on CNBC discuss the trials and tribulations of middle class America or the fate of Greece. None of this means anything to me, as I have my eyes set on much bigger things.

Does this have anything to do with being shaken out at the exact low of the market, last week, and throwing some untimely shorts on the barby yesterday just prior to an epic melt up?

Answer: no

The market is simply a side effect of greater issues at hand at The House of Fly. While some of you risk your entire life’s worth on the whimsical nature of silver, “The Fly” has been contemplating throwing himself into a lit fireplace, due to the recent market events. Mind you, I am not mad anymore about my mis-positioning, as I am onto the next stage of emotional crisis.

Missing out on the biggest rallies of 2011, entirely, is something that cannot be forgiven. Nevertheless, I am now past the vagrancies of the stock market and leave it to many of you, unshaven, low kept, alcoholic, cocaine addicts to figure out. You can watch CNBC and decipher Cramer jargon and etch your findings onto your own Rosetta Stone, so that future generations can understand what the word “boo-ya” really meant.

Don’t get me wrong, I’d offer you some advice and opinion, regarding the market, if I still cared about that sort of shit. But I’m onto new things, totally separate from the market. That’s just the way life works out. One minute you’re tossing millions into flaming barrels of pungent garbage, the next you are in obscene traffic, threatening to murder everyone who cuts you off.

Greece has been saved and Germany now owns all of Europe. The rumor of recession in America is a fucking lie, as we are banking more coin than ever. Poor people don’t count. Never forget that. Stocks will likely go to new all time highs, as well as silver, gold, copper, oil and cotton. Jobs will be created at such a frantic pace, the Federal Reserve will be forced to hike interest rates up to 10% to stem wage inflation. We will also invade Canada and fuck those loggers up something awful. America’s brightest days are ahead of her, starting with another 4 years for our visionary, 0bama.

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81 comments

  1. Bullish

    The Gilded Age has Returned!

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  2. genghis khan

    BANNED!

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  3. chivo

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  4. el chiquito mamut

    Time to become a master sword maker?

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  5. ecchymosis

    Investing is for lesser beings, like Bob Doll.

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  6. wilmer

    RIP Fly

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  7. big snacks

    fly… you said we would probably sprit higher first.. giving you a chance to average in on your shorts…

    what do you have for us?

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  8. big snacks

    im going to short a little amzn and aapl up 5 bucks each

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  9. 4fl3x

    Time for Master Fly to “Occupy Wall Street.”

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  10. Raule

    fuck

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  11. bottom_feeder

    Is it April 1 already?

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  12. Yogi & Boo Boo

    Oh my…

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  13. Royal Fleming

    take a couple valium, go piss on your neibors plants, and calm down. youre right about the markets..just wrong about the time..long silver/short Cramer

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  14. TraderCaddy

    I have a good job for you.
    When we were coming from JFK we connected to the Long Island RR and took it to Manhattan (airtrain).
    Anyway there was some conductor (in the funny uniform) guy who looked like Babe Ruth who actually walked up and down the aisles punching tickets.
    I said to my wife what a mindless cake job.
    Union wages doing a lightweight unnecessary union protected job.
    Fly. you should do this. No stress.

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    • SUBCOMANDANTE CHINCHINILLA!!!!!
      SUBCOMANDANTE CHINCHINILLA!!!!!

      That job would turn into a Steven Seagal movie in Fly’s first ten minutes on the job.

      Suggest something more botanical.

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      • TraderCaddy

        He could cook up cheeseburgers at the Shake Shack in Madison Square Park. Very scenic (sometimes).
        Or perhaps sell peanuts and beer at Citi Field.

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  15. flyaway18

    Man up, for crying out loud.
    Practice what you preach to us and you’ll be fine. Remember, The Fly always wins and you will be fine.

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  16. mutabaruka

    I can’t and will not laugh at Dr. Fly, been there before. All of you laughing at the Doc, Karma is a bitch.

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  17. big snacks

    wow just covered my amzn for 4 bucks

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  18. ruggyup

    My son is a master DJ in major clubs and venues around the country. When he spins he literally controls the mood, action, reaction, interaction of thousands of people at one time. Lemme me tell ya little ones, FLY is a master spin doctor of your minds. He says, you do. And that’s ok. All is good.

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    • drummerboy

      back in the day,that was a musicians job. dj’s suck,fucking musician wannabes’

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      • wilmer

        I had a douchebag tell me he “spins records for a living”. I wanted to punch that idiot in the face.

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  19. The Fly

    70% cash into a fucking 600 point melt up

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    • xxxHuggieBearxxx

      5% net short.

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    • J

      Fly:

      Dude, these markets are moving 300 points a day.

      And to all intents and purposes you’re P&L square. That’s a win in today’s market.

      Get a grip.

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  20. drummerboy

    feeling like shit and saying fuck it seems to be in vogue.i swear to christ, since friday, i just wanted to just shut it all down.i cant take this shit anymore. good luck monsiuer

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  21. xxxHuggieBearxxx

    This post is an instant classic! I nearly coughed up my coffee several times, but luckily i wasn’t drinking any!

    Listen, Sir Fly, you had a good run. You did. But you flew too near the sun, and fancied yourself a descendant of Zeus. There was only one way this could end.

    Like all the great ones, eventually the world changes and it’s time for a new generation to step up and claim whats theirs.

    This world is meant for those who horde shiny metals, for those suffering mental retardation who revel in the collapse of currencies and cling mightily to silver wares of many kinds. And for those who feast at the teat of The Bearded One, and his european brethren.

    The olde ways are done, i’m afraid…but this here website will always and forever be available in cache at the waybackmachine for all to see what did pass during these last many years.

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    • The Fly

      ALFF44 will take my place

      .
      .
      .

      8===================>
      .
      .
      .

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    • drummerboy

      oh no huggie,the demise of well known sites as this here one may be coming to and end if the bernanke has his way…… the bernanke has started his own “attack watch. the MIB will be knocking shortly at your door if words of criticisims are spoken about the bearded one. consider this a warning to my brethern. the internet SS is upon us

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  22. Anton

    Wow. That car ahead of you must have been playing something really awful.

    Rick Ross? Weezy? Chris Brown beat boxing Rihanna’s horrorshow mellon?

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  23. ?

    Predicting the market on a daily basis is a job for those who don’t mind being repeatedly struck in the head.

    Most fighters take too many shots and end up talking gibberish.

    To mix metaphors……..I just hit what’s pitched.

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  24. ok y not

    Senor Fly,
    That was me in front of you at school, blasting marchiachi music at 10,000 decibels. Your post touched me, quiting my
    lawn cutting job and going home to start
    a new career in the Mexican space program.

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  25. lol

    I hope this is a bad dream

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  26. freefall

    Had to short GOOG right here… see ya on the other side fly…

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  27. JTU

    I hope that you’re are kidding about leaving! I for one will miss you greatly! You are way more often right than you are wrong. Even with your most recent miss steps, you are probably way ahead of 99% of all of us that follow you!
    I find you most informative and hilariously entertaining!
    I hope you shake this off and continue doing what you do best!

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  28. Don Park

    Being reliably wrong is a profitable talent. So cheer up and work on being wrong more consistently.

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  29. JDS

    waking up to mariachi, disco, bagpipes, or “who let the dogs out” will make any person crazy. Never make big decisions at that time.

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  30. xxxHuggieBearxxx

    Wow shit just got real…epic move up from the lows yesterday.

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  31. jimmy_two_times

    Fly dishes ou the best sarcasiam (sic).

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  32. Matt Davidson

    You better not quit. I enjoy reading your shit daily. Bad runs happen. Get small. Try again. Regroup. You know you will. Plus, I don’t believe this shit anyways lol

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  33. drummerboy

    you fucking better not. your the only alien we got

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  34. mutabaruka

    Alf is a fraud. He will only reveal his position after the fact.

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  35. The Plumbers Crack
    The Plumbers Crack

    ” Jobs will be created at such a frantic pace, the Federal Reserve will be forced to hike interest rates up to 10% to stem wage inflation.”

    Laughing the fuck out loud!

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  36. tdstrike

    At least you have your family. What the fuck else would you do, blog about urban farming? Go borrow the neighbors dog and kick it.

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  37. Bullish

    ALF IS DEAD

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  38. The Fly

    AIDS

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  39. noodle

    all good things must come to a end. will the PPT still be functional?

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  40. The Fly

    PPT lives forever.

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  41. The Fly

    Eagerly awaiting general contractor.

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  42. Niles

    Now with Fly out of the way, the Niles can become IBC’s top dog

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  43. AE

    Stop being a pussy. Its your resiliency that is really judged when you invest.

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  44. futures

    Don’t worry this rally will fizzle the dizzle. In two weeks when we are at SP 1050 this will look funny

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  45. J Livermore

    Fly,
    Allow me to carry your boxes from the office to your car. I am in a similar situation, so when you drive away, I will lay down on the pavement. Please run over my head, twice.
    Thank you in advance.
    JL

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  46. jose the fucking mann
    jose the fucking mann

    Sir Fly, you will be like the phoenix rising from the ash one more fucking time …

    if you can take 100K to 1 million in a couple of months, you can and shall do it again !!!

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  47. Milwaukee

    IS THIS REAL LIFE?!

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  48. dk

    What the fuck? What’s a few hundred grand in losses compared to the joy you bring to a bunch of losers who… in no particular order.. can’t find a real job, can’t spell, and have unspeakable addictions. I’m heartbroken. In a show of solidarity I pledge not cover any of my shorts as the market begins it’s inevitable climb and then inevitable fall, fucking as many retail investors as possible. Only in America baby.

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  49. John Welsh

    Fly – I am sure you will be back. One of the fews guys on the street that should be respected. Hat to tip you, g/l in whatever you do.

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  50. theedge111

    Epic post.

    I think you got an infusion of tiger blood last night while you were sleeping.

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  51. HFT Robot

    You just missed the asset allocation trade, that is all.

    The few big money boys left have to reallocate out of bonds and into stocks given that bonds had a great quarter and stocks had a shitty quarter.

    It will end by Rusha Homa.

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    • dk

      dude..flag for piling on. like telling a shooting victim that he was hit by a ricochet.
      still fuckin hurts.

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  52. JTU

    We just might get 4% today!

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