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
23,477 Blog Posts

NASDAQ FUTS BOOSTED HIGHER AGAIN — NOTHING ELSE TO SEE HERE

I read somewhere there is a giant DDOS attack crippling websites spanning the country. In other news, Nasdaq futs are +42.

See pal, there are two types of people on this planet, those who adhere to the laws of momentum and those who do not. For all of you dick-grabbers out there who do not adhere to it, I wish for a most heinous occasion during your homelessness.

“The Fly”, aside from fixating on a country to reside in, escaping the hell-hole of America, was out all day running various task. I can tell you now, without a question in my mind, there is going to be a remarkable COLLAPSE in this market at some point this year. The magnitude of the shock will make you nauseous, dizzy, and you will most likely faint. There isn’t any doubt in my mind that before that happens, things will get so perverse, so ridiculous, even people from CHAZ will be trading stocks from their Robinhood apps.

Today the Fed announced a massive $750b corporate bond buying program. Nothing matters any more — you’d have to be a fool not to cheat on your taxes. Hell, if you want you can set up your own army inside of America — providing you’re angry enough about a cause the media agrees with. Life as you know it is clownish, run by clowns, in a clown-world.

To think the market would be any different is native.

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59 comments

  1. slowmo

    “To think the market would be any different is native.” I first thought you meant to write “naive” but, given the tenor of the post, “native appears to be the intended word.

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  2. Mr. Cain Thaler
    Mr. Cain Thaler

    You know Fly, some years ago when we all met up in NYC, that was my first time visiting Manhattan. And I was struck by just how clean and lawful the city was. The closest thing to sketchy was by the bus station on the way to central park. And there was never a point on that visit – and I walked extensively before our dinner – when I was in any way afraid.

    I know you don’t live there any more, but it has to be simply surreal watching NYC choosing to become Detroit.

    There’s a reason Detroit and Flint aren’t joining in these fucking national shenanigans. No sane person would choose this after having lived it once.

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    • peaches

      Remember when republicans poisoned the public water in Flint?

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        No because that never happened.

        Flint’s city council arranged that transfer and then Flint’s water department ignored their own operating plan, forgot to soften the water per their own plan, and poisoned themselves.

        The only part the EMC even played was rubber stamping it after making sure they weren’t stealing money. The only bad actors by our state were the environmental testers who tested until they got a clear test rather than proper random sampling. They’re in prison.

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        • numbersgame

          You’re **White** washing history again.

          People lie you believe lies so that you can sleep at a night and to afvance your agenda. The decison to swithc to the Flint River was made by the emergency maanger appointed by the Republican govornor, not by the city council. If you look at the decsisos, you’ll see the council voted *after* the ermengency amnager decsision

          I know that you prefer to beleive your own bullshit, such as the fake fact that the city council has the power and not the ermegency manager, but here is the ***actaul law** that spits in your face:

          “(1) The governor may appoint an emergency manager to address a financial emergency within that local government as provided for in this act.
          (2) Upon appointment, an emergency manager shall act for and in the place and stead of the governing body and the office of chief administrative officer of the local government. ”

          http://www.legislature.mi.gov/%28S%280p53s5tyv330to4s0n1gpdqb%29%29/mileg.aspx?page=getObject&objectName=mcl-141-1549

          ****SHALL ACT FOR AND IN THE PLACE OF****

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          • Mr. Cain Thaler
            Mr. Cain Thaler

            That’s lovely but seriously the flinct city council was obviously on board with this. They had already set up the deal before the EFM and they also clearly were on board afterwards. Detroit hiked their pricing, nobody was going to pay that.

            Also, the operating plan submitted to the state called for additing the chemicals that would have avoided this problem. It’s not like anyone signed off on anything that was materially unsafe.

            Both the EFM and the Flint City Council approved the transfer. After it blew up, a bunch of opportunists decided to white wash Flint’s own role in the disaster for political expediency. I have no reason to think anything would have gone differently without a state appointed EFM…with the possible exception that Flint’s entire water department would have already been shut down because the city was defunct.

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    • peaches

      New York makes money placing your trades.

      Detroit made money making terrible overpriced cars… A result of protectionism and anti-free market, “America first” policies.

      (mustangs got fully independent rear suspensions like 10 years ago. Volkswagen Golf had it in the first model year in the 70s)

      Chinese billionaire kids trying to go shopping in NYC with $100,000. Chinese billionaire kids living in $10,000 a month luxury rentals in tribeca.

      There are zero Chinese billionaires heading for detroit, or Ohio, or wherever.

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        I can’t decide which is worse…your bad historical takes or your die hard confidence that I need an overpriced broker hanging out by that dumb bull statue when I can just replace them with a loose collection of web servers.

        NYC is Detroit.

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        • peaches

          I’ve lived here all my life.

          The only difference between now and then years ago is the army of white homeless millenials addicted to heroin hanging out in front of every subway stop shooting dope with their pitbulls.

          That and rent for a one bedroom is more than most of your mortgages….

          Because, unlike Detroit… there is money to be made here!

          I’ll let you know when our sub par automobile factories close down OR when the Croton reservoir in high tax Westchester gets contaminated…

          Now regarding the water…

          From Wikipedia…

          Richard Dale Snyder (born August 19, 1958) is an American politician, business executive, venture capitalist, lawyer and accountant who served as the 48th governor of Michigan from 2011 to 2019. He is a member of the Republican Party.***His decision to switch water supplies kickstarted the Flint water crisis.***

          He gained national attention during the Flint water crisis, in which he was accused of mishandling the situation that exposed 6,000 to 12,000 Flint children to lead. ***A report by the University of Michigan School of Public Health concluded Snyder “bears significant legal responsibility” for the Flint water crisis.***

          (University of Michigan… Good school. Or are they all lying commies working for Hilary/Soros?)

          In April 2014, Flint changed its water source from treated Detroit Water and Sewerage Department water (sourced from Lake Huron and the Detroit River) to the Flint River. Officials failed to apply corrosion inhibitors to the water. As a result, lead from aging pipes leached into the water supply, leading to extremely elevated levels of the heavy metal neurotoxin and exposing over 100,000 residents to elevated lead levels.

          Then in 2018. They stopped providing residents with bottled water.

          Nestle pays the state of Michigan $200 bucks a year for access to clean water.

          Gotta love the GOP.

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          • Mr. Cain Thaler
            Mr. Cain Thaler

            Oh hey yeah but you’re still fucking wrong.

            There’s no evidence either Snyder or Dillon told Flint to move to the river. They appear to have just done so on their own.

            https://www.freep.com/story/news/politics/2015/11/21/snyders-top-aide-talked-flint-water-supply-alternatives/76037130/

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          • peaches

            I don’t know enough about this.

            I do know what I found on Wikipedia.

            This dude was the governor.

            Let’s say it wasn’t the Republicans fault the water is trash…

            It’s still a city with a dead industry that is dead because of protectionism which stifled innovation…

            And not NYC where every billionaire in the world sends their kids to play and spend money.

            NYC is not Detroit

            America overall… Becoming more like Detroit

            Sure.

            Wages just happened to decouple from productivity after the gold window closed. Under Nixon.

            Then this accelerated when Nixon replaced volxker with Greenspan because Reagan was an actor who sold this country to JP Morgan and Citigroup.

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    • narcist

      Are you seriously trying to draw parallels between “Detroit and Flint” and “Manhattan and… Hoboken/Staten Island?”

      That’s such an asinine comparison.

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        Heavily reliant on a dying industry (autos vs finance) – check

        Race riots – check

        Incompetent and corrupt leadership – check

        Upper class being harassed- check

        Yeah both are definitely worth drawing parallels between. Detroit was once renowned as the new Paris, it’s not like these calamities just pass you by because you’re entitled.

        Actually the GOP already struck an opening blow with tax reform because they pissed us off. Now they’re firing their own police forces to let people behave like animals and burn their own streets.

        Next progressives will do something monumentally stupid like attack private school funding or trying to reverse the Rehnquist majority opinion. Christ, a candidate tried to defend busing this year.

        Then White Flight V2 will commence and 30 years of gains will be pissed away.

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        • narcist

          Dude, Detroit and Flint are RUST Belt towns that never managed to transition out of the car-making business.

          Also, FYI, they don’t make cars in NYC.

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          • Mr. Cain Thaler

            I must have missed the part where God sent an angel to herald that only cities centered on the auto trade can implode spectacularly frkm race riots and foreign competition.

            You guys realize that Detroit isn’t that small right? By population it’s the 14th largest metropolitan area and there’s more here than just General Motors.

            Besides look at NYCs industries. Finance is number one and a bunch of crap that services finance follows up from there. You’re vastly more concentrated than you’d like to believe.

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        • peaches

          Finance is a dead industry?

          Blackstone owns more real estate than any private entity in the world besides the Catholic Church…

          Blackrock is… Well… Blackrock. They basically own 20% of everything that exists.

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  3. purdy

    I have no idea what they may yet get away with. But in case sanity rears its head, and in light of the dollar remaining in a daily downward trend, I re-shorted the dollar and bought silver as there was a tight stop at today’s low. /SI goes to $21.50, or out just above 17.

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  4. peaches

    “Life as you know it is clownish, run by clowns, in a clown-world.”

    Congratulations. You figured it out.

    Iraqis, black people, Vietnamese, Jews…. Just about everyone but the old american white brosef has known this for all of time.

    You guys elected a classic third world dictator and I told you you would live in Mexico soon. I was the lone voice in 2015 when Fly was a Trumptard. And that zero dark thirty moron with Alex Jones type conspiracy theories.

    So sure it wouldn’t happen to you. Only stupid Latin-Americans elect dumb dictators that spend all their time making rich people richer at the expense of the overall quality of life for the average citizen.

    Can’t ever happen here!

    Ta da!

    Ok now blame the Jews.

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    • purdy

      Militant Israeli expansionists (not all Jews) are quite happy with Trump …as they likely would be with Biden. You know this. So that was a lame attempt to exempt our (my 8%) tribe from blame. I hate the victim industrial complex as it kills a lot of people and wins us ever more enemies. https://www.theguardian.com/us-news/2020/feb/10/sheldon-adelson-trump-donation-republicans-congress

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      • peaches

        Barking up the wrong tree dawg.

        I’m 100% with you on this one.

        Right wing Israelis will support whoever promises them more US taxpayer dollars, then conveniently ignore the trump supporters kicking over Jewish tombstones and shooting up synogogues.

        I’m american bro. I’d be 100% down to stop all funding for Israel.

        America has no business giving financial aid to countries that have public healthcare while Americans are going bankrupt with medical bills.

        But then again… That money gets spent on American weapons.

        It’s a clown world.

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      • peaches

        My entire street is full of Trump Jews. They’re morons.

        Some trust in chariots. Some trust in horses. We trust in the Lord our God

        A Jew who needs a godless idolater to confirm that Jerusalem is officially the Jewish capital, needs to dust off the Tanach ASAP and start reading.

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      • peaches

        Jews are not the reason Trump got elected. Most Jews vote Democrat. Jews didn’t invent the electoral college.

        Jews are the most successful minority group of all time.

        Rather than champion this and point to them as an example for other minorities…. Blaming Jews for every problem on earth simply because they’re better at staying in school and working hard and saving money is the name of the game.

        God forbid the black community figures out how to win at this game.

        Better they listen to NOI like the rednecks listen to the KKK and the alt-right both blaming Jews for all America’s problems.

        There are lots of Jewish bankers, but even more WASP bankers.

        Lehman Brothers did not build the railroad to auchwitz nor did they sell high octane fuel to the Nazis.

        Brown Brothers Harriman and Union Bank (pappy Bush) and Henry Ford did.

        WASPS sold the Nazis fuel to put planes in the air to kill American pilots on bombing raids.

        Look up Smedley Butler and how he uncovered a fascist coup to take out Roosevelt.

        Roosevelt didn’t have the balls to bother standard oil, and let standard oil continue to sell fuel additives necessary to put the Fw190 fighters in the sky.

        Without that fuel additive the Luftwaffe would have been grounded as the P51 mustangs and British spitfires already had decimated the Messerschmitt planes.

        Rich White Americans have been responsible for more dead Americans than any other group of Americans.

        This is to be expected because majorities do the majority of stuff.

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        • purdy

          “Jews are the most successful minority group of all time.
          Rather than champion this and point to them as an example for other minoritiesā€¦. simply because theyā€™re better at staying in school and working hard and saving money is the name of the game.”

          Precisely. But don’t you see that you, and so many other possibly well-intentioned people, have consistently failed to highlight how this shit-on minority actually succeeded.

          Also, pendulums swing. And now our tribe is not just working hard and saving. We have the levers and are pushing things too far and are not thinking longer term.

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          • peaches

            What levers?

            What are we pushing?

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          • peaches

            Oh I see

            Like I said before.

            The drug war.

            I have said before.

            Biggie Smalls is a terrible role model.

            Black people have terrible role models.

            So do white people.

            This is a monopoly game where the black piece didn’t get to own anything or make any money from 1619 to 1865. From 1865 to 1964 they had to do everything with one hand behind their back.

            So sorry.

            I’m not buying this idea that Jews are keeping black people dumb.

            White people, from my perspective… Are just as dumb. And have just as stupid role models.

            I’m not convinced that there are more black people in jail white people simply because black people listen to too much gangster rap and don’t work hard.

            The statistics don’t add up.

            It’s a fucking game dude.

            this country was built on slavery and the institution of slavery could only survive with systemic racism.

            Black people being gorillas that can’t govern themselves is an illusion.

            Look how quickly blacks came up immediately after the civil war during reconstruction?

            It was after the Republican compromise that ended reconstruction that the stomach racism turned black people into circus freaks.

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          • peaches

            And LBJs welfare state.

            We shouldn’t give people money who don’t work.

            Free shelter and good sure. But not money.

            However, white people simply fucked up too many times to be the ones to end our shitty welfare victim state…

            In my humble opinion. Only a Latino president can take welfare away from black people though.

            Mexican immigrant parents, no public benefits, no food stamps, dealt with racism
            but came out on top anyways and now he’s the president.

            That’s the guy who can tell black America that they need to step their game up.

            Not white dudes who have never feared for their life during a traffic stop.

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          • purdy

            Give me a break. You want to get SK and Pirate calling me names again?

            Anyway …What percent of funding to Dems and Repubs come from our 2%? Who has the most feared lobbies? Gets the most foreign aid for their back-up country? Protective legislation – even last week in the midst of this crisis? Waaay disproportionate influence in banking, media, college admissions??? These levers are used by a minority of our minority to great impact on our politics and culture.

            Anyway, a shrinking 2% minority can quietly get along by being scientists, engineers, doctors and lawyers. But the majority will eventually lash out when hard times come if that minority is seen to be skimming from atop a high perch.

            People generalize. Will the mob ask which of your grandkids was one of the “good ones”.

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          • peaches

            Look man. You said THEIR.

            Back up country.

            You and me don’t have a back up country.
            That’s why you said “their” right?

            Israel tries to take Israeli citizenship away from Jews who point out atrocities in Palestine.

            Right wing nuts act as if this means they are no longer Jews.

            There are left wing nuts who are Jewish on the opposite side of the spectrum who think a man who says he is a girl is suddenly a woman.

            There are Republican Jews who put on tehil in the morning and militant IDF right wing kids who eat pork and haven’t read Torah since bar mitzvah.

            There are left wing religious types like Rabbi Lerner and there are left wing atheists like Soros.

            Israel is a secular state like Canada.

            They have no authority over me or you or any literate Jews.

            Never will.

            I have no interests in defending the pro Israel lobby.

            The tribe has more influence than any other minority group.

            That freaks the fucking wasps out.

            It freaked king Richard I out.

            It freaked the Romans out.

            It freaked out Pharoah also.

            And here we are.

            Vayahavta-ing

            If the west thinks Jews as a monolith are tearing society apart… That doesn’t add up.

            Now if the west wants to complain that Jews don’t care about the survival of western civ as much as say… The Queen of England…

            They should have considered that over the past 2000 years.

            Why we’re all the Bolsheviks Jews????

            Because of the fucking pogroms lol.

            Why did so many German Jewish bankers fund the Bolsheviks?

            Because of the fucking pogroms.

            Why did the Jews help the Muslims take Jerusalem back from the Christians?

            Because the Christians killed every Muslim and Jewish man woman or child they could get their hands on when they took Jerusalem from the Arabs during the crusades.

            Jews were the niggers of Europe until Napoleon let us out of the ghetto.

            Then the playing field was made level and since then Jews have been playing OWNING the game.

            It’s simple.

            “Follow the mitsvahs so that it may go well with you the land that I am giving you to inhabit”

            Everyone is free to go fuck themselves and enjoy bacon and adultery and putting words in Jesus mouth because they never even read Bibles.

            Not our fault if the civilization collapses.

            It’s not our civilization.

            It’s not my job to save the west.

            It’s my job to pay taxes.

            And pray

            And help poor people.

            That’s it.

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          • peaches

            God will do with the west whatever he feels like doing with the west.

            It’s not up to Jews.

            Martin Luther King was not a Jewish communist agent.

            He was legit mad at this country cuz this country treated his people like shit.

            America does not need Jews help to self destruct.

            Y’all did this shit to yourselvss.

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        • numbersgame

          When you consider the success of Jews, don’t forget to factor in the US subsidy.
          In the ’70s, there were 2.5m Jews in Israel and less than 10m outside Isreael. In 1974, the US gave Isreal $2.2B in aid, or $11.4B in today’s dollars, tha’s $4500 per citizen, debt free.. That was the peak year, but it has been non-stop.

          The closest comparison you can have to that is other Middle East countries that get virtually free money through massive oil reserves.

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  5. The Next New Cat Thing
    The Next New Cat Thing

    BLM
    BULL LIVES MATTER!

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  6. numbersgame

    In other monumental news, Trump supporters must be thrilled. They cheered as mcconnel stole Obama’s SC pick and put gursuch in. So now they have the tradstional Pro-Corporatocracy conservateiv Justice (check the votes on “Citizen United” and every other big buisness case) – but still votes again ultra-conservateive Evangeliecals anyway!

    “Why Trump’s Supreme Court appointee Neil Gorsuch just protected LGBTQ rights”
    https://www.cnn.com/2020/06/15/politics/neil-gorsuch-supreme-court-lgbtq-rights/index.html

    He’s not going to overturn Roe vs Wade, (and I don’t think Kavanuagh will either).

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    • peaches

      Kavanaugh can’t just rape drunk bitches if there’s no abortions.

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    • Mr. Cain Thaler
      Mr. Cain Thaler

      Didn’t expect him to overturn Roe vs Wade. Although the Supreme Court wading in and de facto deciding you can just pick your sex is unexpected and ludicrous.

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      • numbersgame

        Maybe you don’t expect it, but take a poll at a MAGA rally…

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  7. gihax91453

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  8. narcist

    This was the sideshow of the day in my town:

    https://www.ajc.com/blog/radiotvtalk/wsb-radio-lets-weekend-host-monica-matthews-citing-her-twitter-feud-with-jovita-moore/VgQxaJ3FiFQmg05p3CjTwJ/

    These “conservatives” better open their eyes and see the white millennials (of different shades of wokeness and all are welcomed) march with us:

    https://sports.yahoo.com/in-atlanta-protests-have-come-to-the-suburbs-030329213.html

    What I’ve been predicting in the last few years is materializing at a rapid pace: The smarter young whites are more than ready to form a new coalition/alliance with the minorities–an echo of the New Deal coalition. They dislike (some out loud) their (mildly) racist parents and grandparents and the generational disagreement on the issues will only get worse at every future Thanksgiving dinner.

    Things done changed. Some permanently, and for the better.

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    • peaches

      Everyone under 40 on Trump’s side is braindead, lives at home in their parents basement watching the Jets lose and blaming their predicament on Pedros who can’t speak English or read or write in any language.

      31 years old no job, got fired from every pizzeria in town for being too high and eating the garlic knots you were supposed to deliver… living in your parents house… keeping your dad from retiring… complaining about black people who live off of welfare!

      This is the millenial Trump supporter. White kids who can’t survive in a world where they don’t get a head start, without popping pills or shooting people.

      Granted this is all anecdotal….

      Wait… No it isn’t.

      https://youtu.be/X-ZFoco_1gQ

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      • peaches

        Overwhelming majority of the kids I went to high school with are white.

        the dive bar uneducated crowd love Trump but they were all in the slow math class.

        Neurologists, electrical engineers, computer engineers, financial advisors, analysts, IT and programming…

        Those of us who can do and accumulate…

        Are 100% down with Derek Chauvin getting the chair.

        Nobody on this website or anywhere has managed to explain to us overeducated assholes what exactly we are missing that the trailer park crowd figured out.

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        • narcist

          This is the poster child of the Young Republicans in 2020:

          https://www.wsls.com/news/local/2020/06/09/kkk-leader-attacked-richmond-protest-hate-charge-weighed/

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          • narcist

            He’s a year younger than me and reminds me of the “College Republicans” that I used to troll IRL.

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        • Mr. Cain Thaler

          (Laughter) okay but really I’m better at math than you.

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          • peaches

            You’re definitely the least dumb Republican leaning guy on this site.

            Your ability to respond consistently without referring to penis is proof of that

            I don’t take you for the MAGA hat type though.

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          • Mr. Cain Thaler

            Fair enough. I am not that MAGA.

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          • numbersgame

            No, you are the Other piece of the Republican party: people who are doing well under the status quo and prefer Denial over Equality. Bilionaires in the cabinet was no coincidence.

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          • numbersgame

            This actaully exactly WHY the *two* conservateive jsutices voted in favor of LGBTQ rights: it doesn’t negatively affect the power strcuture. In fact it’s the opposite: inefficeient coprorations fire peopel over *who they are* rather than the quality/quantiy of their work

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          • Mr. Cain Thaler
            Mr. Cain Thaler

            Correct. I’m not dumb enough to support a power vacuum that’s sole purpose is to enable every jackass woth an axe to grind in the hopes they eat me last.

            Our country is fine, our police departments have some mild problems but aren’t that bad, and you dumb fucks could be doing so much worse but appear hell bent to live through that discovery process.

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      • omeizer

        Sounds more like a democratic household to me.

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  9. tjnyt

    FED with its pedal to the metal is raising the voltage to push enough juice through the system to prevent the stall. But you lazy fucks, virus scared, douters keep dragging your feet.
    Treasury & FED both competing to hand you the moola.

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  10. ericbakerbruce

    peaches girlfriend was a whore and was called out on it. peaches slapped the girly man who called her out. so brave.

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  11. wawoke3670

    My last monthā€™s onlihttpine job to earn extra dollars every month just by doing work for maximum 2 to 3 hrs a day. I have joined this job about 3 months ago and in my first month i have made $12k+ easily without any special online experience. Everybody on this earth can get this job today and start making cash online by just follow details on this websiteā€¦ā€¦ā€¦ā€¦ā€¦ā€¦.HERE????????Ā . Read More Ā 

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  12. edge

    Wild couple of weeks ahead.

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  13. narcist

    https://www.bbc.com/news/health-53061281

    That bit of good news will keep the bulls going for at least a few more hours.

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    • edge

      Saw that. It’s a common drug and is pretty much used for lung inflammation. What took so long? Must be a communist plot.

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  14. edge

    Americans most unhappy in 50 years.
    Things are good on my end but not for most. Time for change.
    If folks want to hate, and it has become stylish, I just wish that they would do it without thinking that God is on their side.
    Maybe voters should hate themselves a little more. After all, they’re the ones who allowed the billionaires to buy the government.

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  15. edge

    As you probably guessed, again I’m doing straddles. I will not try to call this market but I’m sure it is going to move.

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