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
20,336 Blog Posts

Two Bears and a Bull

[youtube:http://www.youtube.com/watch?v=czb4jn5y94g 450 300]

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No, the fate of the market will not be decided by the coked out morons at CNBC. They can replay the same ol’ homo-gay [[ABK]] rumor news, at 3:45, everyday, for the next 10,000 days, for all I care. It will not change a thing.

While it’s true, thanks to the friendly help of the imbeciles at CNBC, the market put in a “faux bottom” yesterday. It’s also true, we have yet to see the 10-k’s.

What is “The Fly” talking about, you gingerly ponder?

Well, I want to see the annual reports of all the usual suspects, including [[C]], [[BAC]], [[IMB]], [[WM]], [[WB]], [[LEH]], [[GS]], [[MER]], [[MS]] etc. The auditors WILL NOT sign off on half measured writedowns. They’ll want the entire kitchen, not just the sink, to be disclosed.

Until we see them, I would not be surprised if the market bounced here, led by ag and basic resources. With my money, I will not chase stocks. Instead, I will use the spikes to sell them.

The real question I have for you is this: How is CNBC permitted to disseminate market jarring news, almost everyday—20 minutes to the close, without an SEC investigation?

It is mind boggling to me, that Gasparino is allowed to get on his pulpit and spread rumors, without anyone raising an eyebrow.

With that being said, [[DECK]] looks good to buckle under $100—sometime soon.

NOTE: Very long [[SRS]]

FDIC ‘very concerned’ about commercial real estate, Chairman says – DJ
  DJ reports the FDIC is increasingly wary of potential bank losses from a downturn in the U.S. commercial real estate market, Chairman Sheila Bair said. “While I hope that the (commercial real estate) market has a soft-landing…we want our insured institutions to be ready and fully prepared to work through a sustained downturn,” Bair said in a speech at the Independent Community Bankers of America conference in Orlando, Fla. Bair said the FDIC is particularly concerned about the potential for the current housing crisis to lead to broader problems in banks’ loan portfolios. The worry is especially acute for community banks, which typically have highly concentrated commercial loan portfolios.

NOTE II: The refiners are in a miserable downturn, all near or at lows, including [[TSO]], [[VLO]], [[HOC]], [[WNR]], [[ALJ]]. I’m wondering, with the driving season right around the corner, are they screaming buys?

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I’m Back; Fuck You Gasparino

May your meatballs be filled with granite.

Keep in mind, tomorrow “The Fly” will gift you imbeciles with the best market commentary, ever seen, read or heard of, on the internet. I have outrageous things to discuss, such as: “Gasparino and the art of meatball tossing,” “[[ABK]] and a few girls out,” “Maria and the cocaine crew,” “Pisani and the NYSE piss off the FBI,” and much much more.

Special praise and thanks to the second rate bloggers at iBC, who tried to fill my extra large shoes. And, finally, I would like to thank all of you “chinese food fuckers” (I have no idea what that means) who were buying [[FXI]] at higher levels.

I will see your FXI will a heavy dose of [[FXP]].

Be well, or not.

NOTE: iBC is preparing for war.


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Great Job Loosers [sic]

I’m gone for one day and my fellow iBC “lamb fuckers” drove traffic down— a mere 40%.

Not bad for a day’s work.

At this rate, should my meetings extend for a few more days, there will be no traffic to speak of, upon my return.

Much obliged to Woodshedder and his 22 hour (and counting) blackout.

Fuckers. Heads will roll for this affront.

NOTE: For you “home gamers”: LEH is done for.


“When I type words into my computer, it makes my stocks go down.”

Dinosaur Trader, 2008

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My meeting has been pushed up for Monday-Tuesday.

If Jeremy is reading this, give the other lower tier tabbed bloggers “headline power” now.

While I’m gone, be sure to keep this fucking site clean. I don’t want to come back to a heap of goat shit.

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Weekend Wisdom

I just canceled my realmoney.com subscription. With the $35 per month savings, I will buy bagels and other meaningless finished foods.

NOTE: Be sure to glom over the new bracket match ups.

NOTE II: I will be away on business, Tues-Wed. In my place, all the other tabbed fuckers will have “headline power.” I’m sure this will upset most of you, since a very small percentage of you assholes bother to read their stuff. Exactly.

Deal with it.

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WuTang Clan-Triumph

[youtube:http://www.youtube.com/watch?v=qQfVte5nfg0 450 300]

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Do Not Read This

Holy cow tits I made a lot of money.

Right now, at this very moment, I have more exposure, betting on the downside, than at any point in my illustrious career.

I’m making so much coin, you are not worthy of reading this blog. Log off now and go visit some 2nd rate goat fucker. I’m too busy with my money counter, than to interact with fucktards on the internets.

Finally, everyone is betting on a 2nd half recovery. Why?

Lots of low IQ money mangers have positioned accordingly and are set up to have their heads cut off, when it doesn’t happen.

For the day, I was up a staggering “none of your fucking business,” right near an all-time high.

Off to eat 2 3/4 inch rib eyes.

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