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
15,629 Blog Posts

THIS RALLY WILL BE BUILT UPON THE SKULLS OF MAN

That microbe, Rickard Santelli, has been running around the television cameras screaming fire in a crowded movie theatre for the past 8 weeks. With every downtick, this barbarian in a suit gets sexually aroused and he starts to yell at people, pointing towards this and that, that and this.

SILENCE for a moment.

It’s all noise.

For the better part of 5 years now, the stock market has been rising, fueled by Federal Reserve asset purchases AND corporate profits. Our largest corporations have performed coups abroad, taken over whole cities, established governments, without firing a single shot. From my vantage point, from any vantage point, I’d say there is money to be made from all of this modern day colonialism.

This rally will be built upon the skulls of men like Rick Santelli, men 1/3rd as smart as your average jungle bonobo ape. Rest assured, there will be trading lulls and periods of moribund starvation, but the rally will continue until men like Rickard are extinct.

This is America, land of the surveilled free, home of the chemically induced brave. We do not have many things to export, aside from war and dollars. However, we are the greatest financial engineers the world has ever known. Municipal budgets rely, mind you, on the profits had by pensions funds in the stock market. The bid you are looking for is everywhere. If you are keen enough to survive the valleys, you will soon enjoy the peaks too.

NOTE: It appears my thesis trades for both EZPW and BALT are materializing. Stay tuned for my next conviction trade.

NOTE II: I was up 1.48% for the day.

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31 comments

  1. clegger_2000

    The skull of san-telli?

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  2. the pirate

    “The bonobo is popularly known for its high levels of sexual behavior. Sex functions in conflict appeasement, affection, social status, excitement, and stress reduction. It occurs in virtually all partner combinations and in a variety of positions. This is a factor in the lower levels of aggression seen in the bonobo when compared to the common chimpanzee and other apes”

    https://en.wikipedia.org/wiki/Bonobo

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    • clegger_2000

      ARRRRRRRRRRRRRRRRRRR

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    • frog

      Well, Fly told you they are smart. What do you expect? They make love, not war– so they conserve their resources rather than wasting them all making bombs, drones, aircraft carriers etc.

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  3. it is showtime
    it is showtime

    And now it’s being fueled by share buybacks propping up earnings

    …Running…out..of.fuel

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  4. ironbird

    It is all about the “weather” and a guy named “Tepper”.

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  5. ironbird

    The real CNBC news today was the new money bimbo quipping “People are going to Disneyland instead of buying clothes!”. Naked Disney for the win.

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  6. bonobo smores

    And we all know Wikipedia is always right

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  7. sloop

    I’ve always had in mind that we hit 20K on the DOW and then we tank

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  8. sloop

    The market loves round numbers. This is a strange place to stop the rally.

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  9. sloop

    This rally should continue until that missing passenger plane attacks us with nukes.

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  10. frog

    The Bonobo Ape Defamation Society is going to be very upset with you for defamation of bonobo apes, by saying that they are only 3 X as smart a Rick Santelli. They agree with you about him going extinct soon though.

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  11. UncleBuccs

    The Santelli talk conjured up this 2009 classic by Jon Stewart.. makes CNBS look so horrible.. http://thedailyshow.cc.com/videos/uc9y5b/cnbc-financial-advice

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  12. bluestar

    You Mentioned Pension Funds. I personally know of two that have been selling their equity exposure and reallocating to bonds.

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    • Dr. Fly

      Blue

      For every two there are 20 buying stocks

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      • bluestar

        Dr. Fly

        Both of them are in the top of their peer groups on a three and five year basis. I would consider them lead steers. However, in the short term your rally scenario may unfold especially since Gartman says we are going lower.

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  13. ironbird

    The boomers must be close to total allocation to ‘freakin” stocks for yield. XLU flashing yellow.

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  14. xxxhuggiebearxxx
    xxxhuggiebearxxx

    Ok …. HERE IT IS. I’m calling a top.

    See you at 1680 on the SPY.

    Meet me there, one way or another.

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    • jon v

      I’m still trying to figure out how we topped 100 points ago according to Nymph.

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  15. fifty2weekhi

    Fly, I wish you didn’t mention EZPW. It’s painful to see it pop after selling it.

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  16. xxxhuggiebearxxx
    xxxhuggiebearxxx

    come on Nymph’s been calling tops since the 1200’s

    Now all fun and games aside….i’m saying we don’t break 1900 and sustain it. Its over….we’re going down. I’m calling prices, not times. It could be later this summer, but we aren’t going up.

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  17. jules

    This is a badass track. I would have never guessed the fly was versed in this type of music.

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  18. bushwacker2

    The Nasdaq is the decider. When it breaks out of the symmetrical triangle pattern, it will signal the next leg higher or lower.

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  19. ironbird

    In honor of a US Holiday Week the Nikkei has decided to go ape shit up. The tape needs a theme song and a laugh track. Old school like Threes Company.

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  20. it is showtime
    it is showtime

    The Nikkei tonight doesn’t scare me. JPNS one of my few etfs GREEN

    Yen/dollar is able to pop less and less in 101-102 range

    Shanghai drifting off the rally. Generally unable to move out of low 2000s now

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