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
23,479 Blog Posts

On Guard!

Be on alert, the REITS are being obliterated today, sending DRV through the roof. You’re gonna want to watch this very carefully and shares of GS, MS and BAC. There is a bear raid taking place and they are trying to derail the unstoppable and inevitable 10,000 point rally.

I remain long, without reservation, other than my 30% cash load. I will be watching the insolvent banking sector very carefully, as I gingerly sip on a tall glass of bourbon.

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54 comments

  1. wilmer

    What kind of Bourbon? Tell me Pappy Van Winkle bro, tell me.

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  2. Niles

    10000 point rally with all the problems we have to day, you must of gotten your hands on my new harvest this year 😀

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  3. xxxHuggieBearxxx

    i feel like buying something

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    • Niles

      Lol I wouldn’t I just sold all my shorts on my bear ETF’s before Friday Job Report rape back down to 1000

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      • xxxHuggieBearxxx
        xxxHuggieBearxxx

        fuck

        i am just gonna sell everything then

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      • ottnott

        “just sold all my shorts on my bear ETF’s”

        It would be wrong not to think that isn’t a triple negative.

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  4. 1937 Again

    There is a WSJ story.

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  5. ruggyup

    Sans the ROFL, I smell head fake. This market wants to bite somebody. So what? If I were really a smart guy I’d be worth more than just a couple milly.

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  6. Tisker

    Worries about financing availability through banks due to environment…

    http://blogs.wsj.com/marketbeat/2011/10/05/reits-getting-quietly-slaughtered/

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  7. A_Dude

    I hope you got enough left in the bottle to refill your glass. Banks look like they want to give everybody a Brazilian and they might accidentally take off your WNR.

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  8. Trading_Nymph

    Me and my little partner, the US Dollar are putting on our WARRIOR GEAR again. TONIGHT we fight the ENGLAND CLAMS and the EUROPE SHRIMPS…I shall emerge with both their Spines in my HAND. NO QE for them, they shall do nothing like the cowards that they are. lol.

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    • Engrish Please

      can you please translate for the rest of us?

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      • Trading_Nymph

        Oh, its my Mortal Kombat Metaphore, One of the fighters rip the Spine out to kill another. I have used this when I argued that the Fed Reserve would no longer have the power for QE when we had a very good NFP (non farm payroll) number matched with a higher CPI Core number..which was also the bottom of the US Dollar (that is why he is my side kick). FWIW, I was sooo alone on that call here, but sooo right. Anyway, now I am saying that both the ECB (europe central bank) and BoE (Bank of England) won’t have the power to add QE tonight, or rather tomorrow morning, when they meet (they are their feds). BoE has inflation problems and a fear of Europe Mess, with a dropping GDP mixed with a beat on PMI service..just confuses the heck out of them. ECB may cut .25, but that is about it. TOO many, ahhhh Fly??, are expecting great Wheel Barrels of QE cash out of them tonight…but the Nymph will have their SPINES instead, lol.

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      • The Hammer

        The Nymph is long the US Dollar and short the major markets. Tomorrow there is a major meeting of European finance ministers (“the England Clams and the Europe Shrimps”). If they don’t institute some form of quantitative easing,(“like the cowards they are”), then Greece defaults, banks seize up worldwide, and the Nymph wins (with their spines in her hand, like in the video game Mortal Kombat). I’m pretty sure that’s the gist of it.

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        • Trading_Nymph

          Yep, that is it Hammer. You get an A in Nymph Speak.

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        • Yabollox

          Nymph wins if they world loses. It’s kind of a lose-lose situation.

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          • Trading_Nymph

            Yabollox, Its a Copper Bubble that the Global Govts created. They had sooo many chances in 2009 and 2010 to slow it down or stop it…but nope, they were either blind or greedy…its a mess that needs to be cleaned up. But, like all bubbles, they pop and the world survives to make a new bubble. I just have to learn the complete anatomy of bubbles to play the next one.

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    • Dr Funk

      Wouldn’t further EUROPE QE-ING only support or raise the USD? Smashing the hopes of weak dollar rallys.

      And of course igniting currency wars riots and uprisings across the globe. (cant forget about that)

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  9. Blind Read Ant

    I think this could be a RICO violation in the US.

    But a kindly segue on money “making(?)”:
    http://online.wsj.com/article/SB10001424053111904583204576542851688284590.html

    AKA: Capivaris

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  10. lol

    on guard is what I say before sword fighting a bear and chopping it’s head clean off

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  11. ALLPROz

    TLT below 120 would be nice.

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  12. Green Machine

    I like the SU bounce!

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  13. JakeGint

    Ever so quietly and stealthily, you should be hoovering the common equities of one Urstadt Biddle Properties.

    If any of you have ever been to the lovely suburb of Westchester, NY, not to mention it’s neighboring ‘burbs of Fairfield (CT) and Putnam Counties, then you know there is scant little retail space available for development, even as most of the country’s money resides on those sheltered acres.

    Urstadt Biddle owns large chunks of that increasingly rare retail property.

    Buy, hold, and DRIP.

    __________

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  14. child

    has anyone seen this bullcorn?
    http://www.youtube.com/watch?v=DSJUcNYwkYc

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  15. drummerboy

    the price is getting pushed down,rentals and occupancy’s are way way up. and tight market.

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  16. RRIskyBizness

    http://www.youtube.com/watch?v=OtIOHw80dFg

    song of the day

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  17. charlie

    I piss on 30% cash. Where is the speeding car full of dynamite?

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  18. SUBCOMANDANTE CHINCHILLLLLLLA!!!
    SUBCOMANDANTE CHINCHILLLLLLLA!!!

    Someone please tell buyers of China that their shares should not follow lock step with oil but rather should proceed along an inverse path.

    Indeud…

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  19. Morassofnegativity
    Morassofnegativity

    I’m thrilled I didn’t buy WNR at 11.88 early yesterday. Good decision on my part.

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    • SUBCOMANDANTE CHINCHILLLLLLLA!!!
      SUBCOMANDANTE CHINCHILLLLLLLA!!!

      I am sucked into your vortex – six kick ass round trips on ERY and gave back half my profits on the seventh.

      LIKE A BAWSSSSSSSSSSSSSSSSSSSSSSS.

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