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
23,439 Blog Posts

Jubilation Through Insanity

Well, it appears the Greek government is collapsing, paving the way for a brand new set of assholes. No one really knows what the new government will say, with regards to austerity and the bailout package. For all we know, the new guy will be a fucking lunatic. I’d be careful chasing stocks here if I was you.

ANF is getting crushed and ANR is soaring. It’s a tale of two cities in the retail and coal space, at least for today.

The ECB cut rates today, but so what. The ECB is way behind the curve.

Short and succinct: I don’t think we should be up so much today. I am hesitant to chase, but reticent to sell longs. In other words, I am in a holding pattern, with a bias towards “something BIG is gonna happen soon.”

In the interim, I will be looking for short term trades.

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22 comments

  1. The V.King

    Nice pic Fly

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    • J

      V king… nothing harmful meant, but weren’t you banned some time ago.

      Did you apologize again?

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  2. The V.King

    V.K.I.G.

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  3. Yogi & Boo Boo

    LOL. Meet the new boss, same as the old boss. Euro-tards on parade.

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  4. J

    nicely put Flymeister.

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  5. alexzander the greek
    alexzander the greek

    Fly , Draghi put ??

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  6. Maximus

    fantastic pic

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  7. riggedgame

    As I have stated in the past, Greece should say “Fuck you, Eurozone! And we ain’t payin’ our bonds off!”. We want to use DRACHMAS!

    And let those fuckin’ big international banks EAT those derivatives they created- and go busted if need be.

    Occupy Wall Street folks have it right.
    We need small local banks and credit unions, leveraged at less than 4 to 1, that do not fuck around selling off their mortgages and trading equities.

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    • Yabollox

      No Visa card for you.

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      • riggedgame

        Cash is king and barter is better.

        We don’t need no steenkin’ credit cards.

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    • Dr Funk

      That creates a precident for other PIGS to threaten exit as well

      Fine with me. Eur/Usd is a nice place to short either way

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  8. vortex

    Stopped out from $RENN @6.06

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  9. BigMike

    I think we are going down because of JEF.

    WATCH MS, see how stock responds.

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  10. BigMike

    Wow…I going to short JEF as a crap shoot.

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  11. TraderCaddy

    Looking for Olivia Newton John and John Travolta to rule Greece since they were a pretty decent team in Grease.

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  12. kidstock

    Break out the fortune cookie….JEF -12.26

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  13. TraderCaddy

    Just think the market pretty soon will turn it’s attention to the Deficit Committee.
    Will they cut or fail?
    What will the M2 (money supply) show this Thurs AM?- Oops, wrong decade of Wall Street neurosis.

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  14. ALLPROz

    Still short CMG burritos…long US banks…short Eurotrash banks…

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  15. riggedgame

    RENN looks like total dogshit today.

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  16. TeahouseOnTheTracks
    TeahouseOnTheTracks

    Vegas … Vegas … Anyone?

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