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
20,993 Blog Posts

The Goal Here is to Completely Smoke Out the Bears

Bear caves: a place where angry people cavort with one another, plotting for the extermination of mankind and the Earth. They amuse themselves with tall tales of the apocalypse and would rather people die from starvation than pestilence. Whenever the stock market goes higher, they warn others that the end is near and “just because stocks are hitting new, all-time, highs, that doesn’t  mean the world isn’t coming to an end.” Anyone buying stocks, at any price north of 5,000 Dow, is merely an idle idiot, deserving of a verbal lashing and mockery. Like children, the bear only responds to proper scolding and will not keep quiet unless you teach them a lesson in civility. In this case, magnanimous stock market gains are necessary, especially during inflection points and historically significant periods in time.

For the better half of 9 weeks, “The Fly” has drunkardly stood by and watched his business burn up in flames, as the bears farctated themselves on his positions to the point of sheer lunacy. All of that is about to change. God willing, on Jupiter’s Stone, you are all deserving of my most caustic attacks upon your person– and a grande assault upon your purse. Even though I’ve dialed my positions down a bit, favoring profitable business over river boat gambling, I still have every intention of recapturing all of my lost coin. I haven’t forgotten and will never forget, for as long as I live.

To that end, I wish you good luck, bears. I will pray for a most gruesome and drawn out death for you.

 

https://www.youtube.com/watch?v=9EdxTiu9CwI

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35 comments

  1. bart smith

    Fuck the Bears. Losers.

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  2. juice

    farctate!? LOL 😀

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  3. flyaway17

    You have to remember that plebes who frequent here have no idea what your sophisticated words mean. Dummy it down a bit so you don’t lose readership and that .03 cents per post.

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  4. schizo168

    Just bought VXX , yeah !!! Doom is around the corner of your eye mrFLY !!

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  5. johnrotten

    You won’t drive me off, Fly. Being 50, I am too old to move on… Fucker

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    • controller

      Max age here is 47.5.

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    • jdf

      If you did move on, the dementia would cause you to wind up back here again anyway.

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    • sloop

      I am proud to be 51 and a bear. However that does not mean I will never go long for brief amounts of time

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  6. TJWP

    Me thinks 2% on margin a rally does not make.

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    • TJWP

      Then again, my grasp on English is poor at best, so what do I know.

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  7. og

    Lets see if this fades. I can’t trust anything these days.

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  8. bonobo smores

    Went JASO this morning, because even if you’re are just north of the target demographic, you have to occasionally peer over the edge and spit in the bear’s eye. Botanically speaking I’m more a decussate man than farcated.

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  9. bluestar

    I agree. We go higher in the short term. The dope hedgies that just got short tech cover. Then we begin to roll again and the plain vanilla MF’s start selling. Perfect set up.

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    • TJWP

      I’d be interested in hearing what you think of a realistic target for an upside move here Blue (~10% is the consensus im seeing for max upside).

      Looking into some put spreads on the indicies this morning between issues at work.

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      • bluestar

        TJWP,

        It would not surprise me but the risk as I see it is more to the downside. I am moderately short and getting killed today:)

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        • TJWP

          Trying to make money long here is like trying to grab nickles from in front of steamrollers – who cares if you can do it, its still a bad idea for your longrun health.

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  10. tough but fair
    tough but fair

    Not one post related to the market on “Market Ticker”

    http://market-ticker.org/

    Ranting and raving madmen apparently still have an audience.

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  11. forgetalpha

    Bluestar, you’re first post was titled “BEWARE WE ARE TOPPING” and now you say

    “I agree. We go higher in the short term. The dope hedgies that just got short tech cover. Then we begin to roll again and the plain vanilla MF’s start selling. Perfect set up.”

    I thought this was the top? How did you let this guy start blogging here Fly?

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    • Fractal

      If it turns out that this rough period of time was “the top,” then what may turn out to be a snapback rally is insignificant.

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    • bluestar

      I said we were topping. Not that it is the exact top. Its a process. The indexes have basically gone sideways while growth has been destroyed. patience.

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      • bensteinsmoney
        bensteinsmoney

        We haven’t even finished Wave3 yet … Bear Wave4 yet to come and then the final Wave5 … we’re only in the 6th inning!

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  12. it is showtime
    it is showtime

    I think the goal is to “get everyone long” “keep them there” “until they’re ready”

    Anyone checking volume today? Hello? Anyone?

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    • Bullish

      Please take your seat as it is showtime! The show is about to begin. Bears will be launched into the air riding firecrackers only to be blown to smithereens for all of us to enjoy.

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  13. Bullish

    I’m requesting we keep the market open for an extra hour today, we are all making so much money its only fair we get a little OT.

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  14. it is showtime
    it is showtime

    Time circuit’s on. Flux capacitor. Fluxing.
    I think part of the story ends where you are working for me? So that recalcitrant attitude may not get you promoted as the devastating depression job era looms ahead

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  15. bruce keller

    Gotta say, these inflection points are definitely the most entertaining times during the stock market. So much crap talking from both sides!

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