SPECIAL MESSAGE FOR YOU BLOGGERS

iBankCoin is better than you.

Behold!

[youtube:http://www.youtube.com/watch?v=j444hTTXXlo 450 300]

I will not discuss today’s tape, for it is redundant.

We are going lower on Monday. Live with it and trade accordingly.

Looking at my email box, I can tell you there is a lot of scrambling for capital at [[MS]]. They are issuing loads of notes, with 10.5% coupons.

Egregious.

The worst I’ve seen is by [[AMD]]. They are offering 21.5% reverse converts. Ha!

Here, take a look at the document.

In short, “The Fly” wins all the time, even when he appears to be losing. Enjoy the recession and long live iBankCoin.

Off to celebrate GE’s demise (biggest one day drop since ’87 crash) over a cigar or two.

This can be a market mover.

I bought 1,000 [[FXP]] @ $80.45.

Disclaimer: If you buy FXP because of this post, termites will eat your house. And, you may lose money.

Developing…

I sold short 2,000 [[MS]] @ $43.75.

Disclaimer: If you sell short MS because of this post, small aliens will eat your vegetable crop. And, you may lose money.

Classic burn out in the ag space. [[MON]], [[MOS]], [[DE]], [[CF]], [[AG]], [[AGU]] and [[POT]] have been bid up without fear, much to the chagrin of those who short them.

However, today is a classic pile in/pile out trade, where all of the scared/dumb money finds a nice safe home in ag, only to see it blown the fuck up by a thermo nuclear device, as bigger money takes profits.

In short, I am not a bear on ag because of fundamentals, only price.

Best case scenario for the sellers, the above stocks spike then collapse, leading to further selling on Monday.

I believe it’s about to happen.

NOTE: Best way to play it: short [[MOO]] or long [[SMN]].

UPDATE: Lehman Brothers CFO Callan says ‘March was a very, very tough month’- Bloomberg

I must admit, being a Met fan, I enjoy seeing them lose. Those fuckers collapsed last year, stabbing me in the heart, as if I was a fucking vampire. So, this year, I pretty much root for any team that plays against them. On a really big loss, I then tune into 660am and listen to all the frantic fans calling for Willie Randolph’s head on a pike.

I must admit, yet again, Willie is the worst manager in the history of professional sports. He’d be better off managing Wamu’s mortgage pool, than the Mets.

Speaking of [[WM]]

Today, Goldman took down their numbers and recommended to sell it short. On that news, the stock is up.

Very nice.

So what do banks do these days?

They take my deposits and just buy a bunch of stuff that go to zero? What the fuck?

Now, very quietly, they are starting to bitch about marking to market. They want to commit fraud, via zero disclosure and just hide shit on their balance sheets forever.

Hey, I’ve got an idea.

Why don’t we just give the banks a printing press, so that they can just make new money—after they lose the cash they have now. This way, we can ride on the “Merry go round of Bliss” forever, uninterrupted.

By the way, has anyone taken a look at the yuan (Chinese currency) lately?

Here, take a peek:

Does this “MNCS” type trend alarm anyone? It appears the Chinese are no longer pegging to the dollar. Now, I’m not an economist, but it was my major in college.

I have a breaking news flash for you:

CHINA IS NOW EXPORTING INFLATION.

How’s that? Not only do we get their lead tainted toys. Now, partly thanks to our fucktarded politicians, we get to pay up for it.

Hence the term: “be careful for what you ask for.”

Sure, exports are good. But, what does that really mean? Foreign nations are dumping dollars on our shores, via buying our products?

Maybe.

Will Americans have to pay up for their own goods, thanks to the spike in exports?

Definitely.

In short, it’s great to be an American, living outside of America.

[youtube:http://www.youtube.com/watch?v=ZZVx4gmFESs 450 300]