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
20,420 Blog Posts

You Were Warned

Instead of listening to the guy with the time machine (Fly), you listened to the coked out bald guy on TV.

Go ahead, try to scalp a short term bottom. “The Fly” could give two fucks and a gay goat about 2-3 day moves. I’m into making big money, off of huge moves.

Finally, before I go vote for Donald Duck in today’s election charade, just know and understand, “The Fly” is genetically superior to you and he sits in a vastly more expensive chair.

Be well or not. Either scenario is acceptable with me.

Top pick: [[SKF]]

NOTE: A shout out to Rev Shark for calling Cramer out on his asshattery today, on RealMoney aka waste of 35 bucks per month.

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Fly Buy: DUG

I bought 2,000 [[DUG]] @ $46.23.

Disclaimer: If you buy DUG because of this post, your only son will grow up to be like Dennis Kneale. And, you may lose money.

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The Recession is Back

As per Cramer, foreign bankers are “fighting” and outbidding one another for the worthless assets of [[BSC]]. In addition, as per Cramer, during recessions the market goes straight up, with hardly any pullbacks. So, consider today’s 300 point drubbing an optical illusion. We’re really up a “couple hunge.”

Oh, don’t forget to buy another house, as per Cramer.

In all seriousness, something must be said about how irresponsible that fucker is, telling the unwashed to “buy it all,” because the recession is coming and “The Fed is our friend.”

I mean, who makes this shit up? Does he really believe what he says? Finally, since when is it “smart” or “prudent” to drive dynamite filled cars into the sun?

Look you, I’m not here to gloat. I’m here to tell you fuckers “The Fly’s” IQ is much greater than yours. Plus anyway, while you’re sleeping like little bitches, he is out in his time machine acquiring valuable information.

If you’re short [[DECK]] from the high 130’s, like me, you may want to take a little off the table here and redouble the [[SMN]] position. I anticipate [[MON]] will soon die an “unglorious” death.

Finally, it’s worth noting, “The Fly” has already consumed 3 Monster Energy Soda’s. Get in his way, he may rip the sleeves off your bullshit jacket.

Developing…

Cramer UPDATE: He is now short term bearish. Geez.

“My take, we can rally a bit down 300, but until we get oversold — and we are nowhere near it — you sell the rally. There’s no way the Fed can cut this week, so I suspect more pressure ahead, particularly on the commodity and financial names.”

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“I Say it’s Worth a Try”

By far, the funniest thing I’ve watched, year to date. It reminds me of Grandpa Fly. May God rest his soul.

[youtube:http://www.youtube.com/watch?v=SxyAW2z4TTY 450 300]

Hat tip: Mdawsz

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Fly Buy: SMN

I bought 3,000 [[SMN]] @ $43.23.

Disclaimer: If you buy SMN because of this post, erroneously, the old KGB will target you as an enemy of the state. And, you may lose money.

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Tonight, Vote for “The Fly”

If he could make unearthly, even Godly, market calls, imagine what he could do in war. Hell, “The Fly” would conquer The Great Wall of China in three days, then spend the rest of the week throwing Monster Energy Soda’s at the rice farmers.

I’m sure by now, many of you naive true believers have come around to my way of thinking: the market is fucked in a sandbox.

The banks are a mockery. I spit on them.

It’s time to start selling my longs again. Today, I feel like selling tech. Perhaps I’ll get rid of that silly [[RIMM]] or [[AAPL]] I was foolishly buying. No need to worry, since my double inverse etf’s has me up 2.4% intra-day—spearheaded by the morons at [[LEH]].

Right away, with my money, I will be buying more [[SMN]].

Fuck the Banks NOTE: 10:32 Bond Insurer downgrades may have significant impact on banks, “a few” banks could be downgraded, according to S&P – Reuters

NOTE II: The early leaked ISM data was “God awful,” by the way.

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