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
23,433 Blog Posts

Done for the Day

The market is too boring to keep “The Fly’s” interest. As a result, I will be leaving the desk, in order to do something fun.

Keep looking at your charts and shit. I’m sure they will help you get rich.

As for the market:

It is a ticking time bomb. While many of you find it “fun” to trade in and out of stocks, like fucking degenerate OTB guys, “The Fly” builds his positions over time and waits for bigger moves. If you want quick picks, check out Ragin, Wood or Danny for some hot breakouts. They’re all very good.

Once upon a time, “The Fly” would trade like that. You know, quick, fast, bang zoom. However, with time and numerous blow ups, I decided it was not for me. Instead, I rather stick to a theme and beat it to death, until I win.

Will the market close up for the week?

Who gives a fuck? Really.

Wait until commercial loans start blowing up. Just-fucking-wait.

Frankly, I do not expect any large moves, until September. All of you “corn-can fucking misfits” can call bottoms and exclaim: “the economy will rebound in the 2nd half.” I, on the other hand, will take the other side of that trade and predict we will not rebound, until the 2nd half of 2009.

In the meantime, get ready to endure a myriad of earnings misses and “CROX-like” declines on those misses.

Top pick: short [[MS]] If you enjoy the content at iBankCoin, please follow us on Twitter

29 comments

  1. CubsRock

    You know what boredom and disinterest in stocks means… Hah, j/k, enjoy your afternoon 🙂

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. TraderCaddy

    Stop mess’n around already. Crash this pig, test the low, and then kick ass to a new high.
    CubsRock- I pulled out an old autographed baseball the other day. I had Ron Santo and Lou Boudreau on it although I can barely make out Ernie Banks signature. As Jack Brickhouse used to say “Hey Hey it’s a home run.”

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. Juice

    tomorrow may be up HUGE .. I would place a few wagers on that scenario & of course I have … but if that plays out, I’ll be selling & getting very short … there will be some major downside action come monday

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. The Fly

    Comparing my gains on shorts in FED, DSL and WM to SKF it is not even close.

    Sometimes it pays to be crafty.

    Juice:

    Fuck you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. Dinosaur Trader

    Bitch, SMN will never go up. Admit it.

    When do you scream “uncle” on this one?

    -DT

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. CubsRock

    Hey hey holy mackerel! Lou is before my time but Ron is a hero in my mind.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. Juice

    Fly:

    Thanks

    But really, you should kiss my ass for the time machine calls I’ve been good enough to give you like some fucking space alien prophet. I’ll leave the magician shit to you.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  8. TraderCaddy

    I didn’t see Lou play, but saw him sitting at Wrigley when I was about 10 years old and asked him to sign the ball. I saw some good games at Wrigley when I was a kid. I was at a game when Billy Martin (then playing for Cincinnati) punched out the Cubs pitcher, Jim Brewer. Also saw some good White Sox games at Comiskey Park with Nellie Fox, Luis Aparicio,Early Wynn, etc.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  9. Gregory

    we can now go ultra on the ag stocks. Yipppeee …
    Leverage … just what we need more of … groan.

    These ETNs are designed to track the Short and Leveraged Performance of the Deutsche Bank Optimum Yield Agriculture (TM) Index. The following Deutsche Bank ETNs listed and traded on NYSE Arca under the following ticker symbols:

    DB Agriculture Double Short ETN (NYSE Arca: AGA)
    DB Agriculture Double Long ETN (NYSE Arca:DAG)
    DB Agriculture Short ETN (NYSE Arca: ADZ)
    DB Agriculture Long ETN (NYSE Arca: AGF)

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  10. Crude Broker

    Hey, I have an idea. I am going to buy some DCR tomorrow.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  11. Yes, take a well deserved rest, Fly. Do not visit here – http://www.detroitiscrap.com

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  12. Big Mike

    Ahh…good deal, Intel beat just as I was told…

    Watch IBM is going to beat big earnings big time, then raise guidance because of world demand in China; then oil will rip to $115, because of china.

    What else? Oh, financials will rally because of China, since the people who are consuming a more rich diet are getting richer and they undoubtebly need tax accountants, financial advisers, banks…derivatives traders…the whole ten yards…

    Off to Chinese food…Im very bullish right now

    Watch that farm bill on Friday, boys…

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  13. Q4

    INTC reported INLINE because AMD sucks. Financials will rally because WM had a $1.0 billion loss, doubled their loan loss provisions and are in the process of raising $7.0 billion?

    Hyper Inflation & US dollar destruction, but hey at least our banking system didn’t meltdown. BSC has several Trillion in counterparty risk.

    Not everything is what it seems, just like a

    Family Portrait

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  14. big Mike

    Ahh Q4…so simple minded, like our friend the “Fly”…well maybe not as much.

    Indeed, not everything is what it seems…but just not the way you think.

    Who else thinks Intel is full of shit? Those fuckin liars….

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  15. BOTD

    WaMu Director Resigns Under Pressure from the FLY.

    nice work.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  16. CubsRock

    Heh, the dude on Fast Money just quoted Rob Base. Back in the day, I used to cruise main blasting this song.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  17. JakeGint

    You did that shit in your ‘ute, Cubs?

    Man, you’re lucky you dinna get capped by a passing band of ‘Sipos.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  18. gappingandyapping
    gappingandyapping

    Cubs rock how far do you live from wrigley?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  19. nullpointer

    mike-
    i think INTC is full of shit

    …and this is coming from a guy that would LOVE to get long INTC (if the price came down another $4)

    i predict they revise guidance midway thru the Q, just like they did this time. people cant afford to buy fucking bread – i cant see INTC pushing a fuckload of CPU’s out the door

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  20. gappingandyapping
    gappingandyapping

    Maybe the government will start subsidizing chip makers instead of farmers now?

    So I am curious here, in all honesty how the hell does the consumer survive when their houses are being foreclosed on, oil and gas prices are at record levels, food prices are soaring like mad and they cannot get a loan?

    I really would like to know what else could be worse for the consumer? To me this looks like a perfect storm? Where am I wrong?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  21. TraderRenn

    Look at the bottom of the list…

    https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  22. cuervoslaugh

    @Juice

    It may be HUGE as in the elevator headed for the basement.
    71% probability of downward motion.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  23. Harry the Horse

    Hey Fuckers,

    It’s been awhile since I posted, beeotches, but I’ve been parting my ass off in Europe with several hot women (yep, flame away, assholes, while I get laid) and now back to make some money. Wanna see a stock about to implode? Why should I tell you fuckers? Because I’m short it and about to watch it get bitchslapped. It’s CSGP, and it’s a raging piece of shit. What does it do, fuckkers (sic)? Let’s just say it’s the Zillow of commercial real estate, and it’s a fucking ticking time bomb. Wathc (sic) and learn, assholes, while the financial sector gets obliterated. This bulls horns just turned, motherfuckers.

    Namaste, fuckers.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  24. TraderCaddy

    Hello Harry. Long time no see. Have any favorites in the Kentucky Derby this year?

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  25. So Solly

    Hally,

    Sit down, you rockin’ de boat.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  26. So Solly

    Bleaking news!

    Actual “twoo-rife” pict-cha of Hally consorting wif “babe” duling he Eulopeen toah.

    See fo’ you sehf!

    So Solly

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  27. jeff

    you weren’t kidding

    is it too much to ask for a late nite thought?

    we’re fucked folks – the Cassini probe is going to fuck us all

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  28. Willie Randolph

    We won! We fuckin’ won!

    Fuck you Fly, and your blue radio, for not believing in us!

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  29. The Donger

    I gib yu rate night tought: Mahkt go up tomollow rike high scoo dicks in pawn stahs maoff.

    • 0
    • 0
    • 0 Deem this to be "Fake News"