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
23,432 Blog Posts

WORST.XMAS.EVER

You can’t say you weren’t warned. Oil drops makes oil stocks go lower which makes debt to equity balloon which makes high yield gets hit which hurts the market. There is a workflow, a pecking order here, that is easily decipherable. Just like bearing witness to IYR and VNQ being the only major assets yet to death-cross lower and me positioning, KEENLY, into DRV with a double sized position.

See pal, this is who I am — and you’re nothing.

Good Father? Fuck you, go home and play with your kids. You want to read here, CLOSE.

I’d like to sit here and write an eloquent blog about how everything is going to be all right and how your stocks splendid — but it would be a lie. On this Xmas 2018, Le Fly offers you the gift of truth and that truth is, inexorably, you’re fucked. Markets are reeling lower because there is a ball in motion, a ball that will be revealed, in a great reveal, later on down the road. In the meantime, you wallow in your misery — because you’re a slave to the bull — getting poked by it with indescribable fury.

You’ve worked hard for your money and it doesn’t deserve to be treated in such an indecorous manner. The decade long bull market has made you weak, flabby, greasy, and fat. It’s time to take matters into your own hands and regain the initiative god damn it. Hope isn’t an investment option, but an opiate for the masses to dream away as they’re murdered.

I wish you all a Merry Xmas and hope that you can forgive yourselves for genuflecting to the bull. Find solace in knowing during periods like this that there are men out there, like The Fly, with the eternal fortitude and zeal to see this market through, ravish and forage from it, like an army of locusts sweeping through the lands plagued by drought and famine.

“The Fly” is, after all, a man of the people. I wish you and yours a good day.

(tips hat).

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37 comments

  1. Lyndon Keltner

    THANK YOU JESUS for this big beautiful Trump bear market.

    And THANK YOU to all y’all who voted for Trump. This is the most wonderful Christmas.

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    • juice

      Hitler blamed the Jews and you blame Trump which makes you like Hitler.

      Merry Christmas!

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      • s.k.

        Hitler blamed the Jews and Trump blamed Obama which makes Trump like Hitler.

        Merry Christmas!

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        • chuck bennett

          So SK and Ketler are saying Hitler did nothing wrong?

          Shame on both of you deranged racists.

          Where is the YouTube sensors up in this piece ?

          Regards

          Chuck Bennett

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          • s.k.

            You aren’t really that stupid, right?

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          • Lyndon Keltner

            Pro tip: Save your chuck bennett alt for the zingers.

            Also, “Hitler did nothing wrong” sounds like something unintentionally ironic that a right-wing Jew like Mnuchin would twit.

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          • chuck bennett

            Lol.

            Alt right Jew. Funny

            Same group of Jew’s that help put the H man in power?

            SK- shut up you homo, I was just blitzing you.

            Regards

            Chuck Bennett

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      • Lyndon Keltner

        Blame Trump? No way. I’m profiting *bigly* off his presidency and those who voted for him.

        Required reading: Michael Moore’s 2002 bestseller Stupid White Men, of whom quite a few in this channel are prime examples.

        Merry Christmas to you as well!

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        • bronze28

          making reference to Michael Moore makes one question your judgement. The man (BLOB??) IS A real piece of work. NOT SAID COMPLIMENTARY.

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        • numbersgame

          Everytime he tries to help the market, he just makes things worse. Almost too funny, but it’s getting old now that I switched to the dark side (HODL)

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  2. acehood

    The blind fury of destiny…

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  3. Lyndon Keltner

    I’m staying short and *praying* for Globex to go limit down within the next 48 hours.

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  4. it is showtime

    Game fucking Over

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  5. chumpdaddy

    The game is never over. It just changes.

    The questions are,

    1) when will the bounce be ? (answer 2250)
    2) Is this going to be a short and nasty bear or long and miserable ?

    I think question number 2 is the big one and I’m guessing it lasts as long as Trump does (and I voted for the mf).

    Politics are so divisive I wouldn’t be surprised if this plunge is being driven in part by anti Trump big money interests. This could include other countries that begin with “C”

    Whatever, it is clear the middle class is going to be wiped out again, just when they were gaining a little ground. They just don’t know it yet.

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  6. pb

    A man of the people, you are not. And that’s the way it ought to be.

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  7. chuck bennett

    Computers !!

    I fucking hate computers and all electronic bull shit.

    There is no doomsday, I’m telling you all this on Christmas Day.

    You will see.

    Merry Christmas you filthy animals

    Regards

    Chuck Bennett

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  8. mx2101

    Chuck, I always appreciate your comments. Seriously, no sarcasm. Best holiday wishes to you and also everyone else here.

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  9. alienz

    chuck bennet must be true, Rules of SBI ATM

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  10. numbersgame

    Rand Paul’s epic Festivus “Airing of Grievances”:

    https://www.dailywire.com/news/39661/rand-paul-sets-twitter-fire-trolling-everyone-ryan-saavedra

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  11. trumpmeister

    Time to go buy stocks now with Dr Fly capitulating. Fly has allowed me to make a ton of money, so I salute him. It’s very easy to make money in the stock market. You just have to do the opposite of Fly.

    I expect Fly to give his seasonal spiel about his Time Machine in order to raise cash after being destroyed so far in the past 6 months.

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    • georgiebest

      Fly is a brilliant writer. Makes a lot of calls, some right some wrong like anyone. It’s Xmas day which shows what a wanker you are!

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  12. numbersgame

    “You can’t say you weren’t warned.”

    I guess that some people were thinking we’re too early in the cycle to collapse and looking for a bounce.

    This dude even blogged about that on Sunday:
    https://ibankcoin.com/flyblog/2018/12/23/early-cycle-collapse-look-bounce/

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  13. bronze28

    fear/greed reading= 2; have never seen it that low.

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  14. Black Swan

    Fly voted for Trump.

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  15. frog

    Merry Christmas or Whatever You Celebrate, to everyone here, including the Devil, who usually doesn’t get wished Merry Christmas I would think.

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  16. Lyndon Keltner

    Christmas night massacre.

    Karma is real, especially for the Trump-loving “Christians” who deserve to die broke and in destitution.

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  17. Lyndon Keltner

    LET’S GO

    BRING ON THE EBOLA TRANNY HOES TO RAPE THEIR SHITHOLES

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  18. Lyndon Keltner

    Looping my favorite Deep State v. Dixieland scene all fucking night.

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