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
23,445 Blog Posts

Down the Rabbit Hole

The “Thanksgiving Rally” has been postponed. In its place, I offer you a General Motors Corporation [[GM]] bankruptcy and all of its trimmings.

See, it’s not just about General Motors Corporation [[GM]] and Ford Motor Company [[F]] going away. It’s about AutoNation, Inc. [[AN]] , Cummins Inc. [[CMI]] , Johnson Controls, Inc. [[JCI]] and a variety of steel manufacturers going with them.

My feelings, as always, is to kill them all.

MALICIOUS VIRUS UPDATE:

The code has been identified and removed. My guess, one of my enemies, like Tim, put it on the site. Seriously, when I find out who did it, I will be reporting your dumbass to one of my contacts at the FBI. Then, I will find out where you live and break your jaw.

As for the market:

We are going down. If you like money and all the cool things that come with having some, I suggest selling some longs and hedging up.

My favorites, as you know, are [[FXP]] , [[REW]] , [[EEV]] and [[DUG]] . Oh, I also think Petrohawk Energy Corporation [[HK]] is going to single digits too.

UPDATE:

A view of The iBC 1 Year Anniversay Party (the long deck):

[youtube:http://www.youtube.com/watch?v=MVFMLQ7dmro 450 300]

My party is a lot better than that.

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90 comments

  1. toptick114

    Single-Digit-Midget,,,,,,,,,? ummm

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  2. wb

    Hate to say it, but the virus is still there.

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  3. mrkcbill

    Lets have our first IBC rally in downtown Detroit. Its good enough for a Super Bowl!

    Devil and J both your acts are semi-homo! Odd No?

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  4. TSS

    First IBC B-Party. In NYC. Everywhere else is queer.

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  5. DEVILDOG

    Damn Fly, no T-DAY rally? Who knew? Odd no?

    BTW, anybody seen GENERATIONAL Bottom?

    Oh, don’t forget new lows by 11/19. BAHHHHHHHHHHHHHHHH!!!

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  6. Smug Mac User

    *smirk* *sip latte*

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  7. DEVILDOG

    dennis kneale has to be dumbest sheepeople on the planet. Maybe when the new lows hit by 11/19 he’ll shoot himself in the head on air. That would be SWEET!

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  8. The Fly

    Top 10 ranked ETF’s, via PPT

    1 AGA 5 5 5 3 5 4.9
    2 DTO 5 5 5 5 1 4.2
    3 DEE 5 5 5 5 1 4.2
    4 LSC 5 4 3 5 4 4.05
    5 SMN 5 5 2 5 3 3.85
    6 REW 5 4 3 5 3 3.85
    7 PSQ 5 4 4 3 2 3.8
    8 SHY 5 4 5 1 1 3.75
    9 IEF 5 4 5 1 1 3.75
    10 UUP 5 4 5 1 1 3.75

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  9. My herpies itch

    UYG just removed my herpe sore with a branding iron. WTF

    Better news the web site booted nicely….

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  10. 4fl3x

    I’ve been aprox 85% cash the last 2 weeks and this market is stressing the fuck out of me. gg

    If they had only bailed out CC…

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  11. DEVILDOG

    Yeah, got my jury duty postponed until 2/11. Don’t want to miss all the DOWN days between here and 11/19. Historic times and pain for all the wall street scumbags and hank.

    BTW, anyone see GENERATIONAL Bottom?

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  12. The Fly

    DOG

    STFU. You are a jinx. Go visit some of my advertisers or something. Keep yourself busy.

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  13. My herpies itch

    http://www.youtube.com/watch?v=uiBMFbAQRDM

    devil dog and his girl friend.

    Now thats bottom fishing.

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  14. DEVILDOG

    herpies, UYG is the bigest sheepeople/cow herd play out there. You’re an idiot cow. MOOOOOOOOOOOOOOOOOOO!!!

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  15. DEVILDOG

    Fly, if it wasn’t for my warning about BEAV @ $1.87 you’d be losing your ass. In addition, you’d still be in all your 840 BOTTOM longs. How about a thank you?

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  16. Michelle B

    Positive multiple divergences between price and advancers plus a strengthening TICK is giving a glimmer of a possibility of a reversal before the close.

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  17. DB

    Fly – the wheels are falling off the Cadillac Devilles as I speak! I’m seeing companies that had a worth of $2 billion last year now worth about 100 million!! Stop holding back on the news! Whats going on out there??!
    P.S. This site has more booby traps than a vietnam rice field, where the hell is Jeremy!!

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  18. My herpies itch

    Michelle B Says:

    I see the same thing,

    Devil btw I bought UYG in the 8’s so im not worried.

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  19. El Tiberon

    More news from the developing world (even if you hate the French don’t think it is happening everywhere)…Radioactive Beer Kegs Menace Public, Boost Costs for Recyclers

    http://www.bloomberg.com/apps/news?pid=20601109&sid=aKNgo0CVJg9s&refer=home

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  20. The Fly

    Dog:

    Do you think I listen to you?

    ROFL.

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  21. Jakegint

    TICK panic rating at 12:40, GOOG and CRAAPL strengthening.

    Might pick up some CRAAPL here, as well.

    _______

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  22. El Tiberon

    Age notwithstanding this one made me almost piss myself

    US May Lose Its ‘AAA’ Rating

    http://www.cnbc.com/id/27641538

    Like anyone believes the credit rating agencies…

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  23. mrkcbill

    I can’t help myself..I kind of like Charlie “what ya got” Meatballs Gasparino[sic]

    He busted those two house building fuckers pretty good last night.

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  24. El Tiberon

    …really miss the edit feature…meant don’t think it isn’t happening everywhere

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  25. jig

    somebody please shoot dennis kneale! how the F does he have a job! i feel sorry for the woman that he goes home to…

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  26. El Tiberon

    ???Gasparino??? House builders have been fucked for for years…no great call on that one.

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  27. DEVILDOG

    Damn, “The Guns of Navarone” on TCM and “The Bridge on the River Kwai” on AMC. Decisions…decisions.

    Thanks to the vets and especially the ones currently engaged in battle. God bless.

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  28. 4fl3x

    “Jakegint Says:
    TICK panic rating at 12:40”

    4fl3xsayswhat?

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  29. DEVILDOG

    “The Sand Pebbles” on at 1AM CST tonight/tomorrow AM on AMC. Love that river battle.

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  30. mrkcbill

    DD…Thanks for serving brother.

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  31. Big Mike

    Somebody put a virus on IBC? That’s fucked up…

    I just don’t understand why people go through the time and trouble to do that kind of shit, it pisses me off.

    There is no “turkey” or “christmas” rally…there is a big accumulation of the VIX 60 DEC calls. I doubt we can rally with the VIX that high.

    FXP to $160, then i will retire for the year…go vacation to somewhere like ICELAND where with my dollars I will be treated like king.

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  32. gappingandyapping

    SPECIAL NOTE: FMCN is getting the Barney Frank to the ass pounding.

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  33. Ed

    Fly, whats up with DRYS?

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  34. Tim the Enemy

    Trimming Shorts
    Moving into QLD and SSO. Sold OIH calls, DUG. Updating stops.

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  35. My herpies itch

    DEVILDOG Says:

    Damn, “The Guns of Navarone” on TCM and “The Bridge on the River Kwai” on AMC. Decisions…decisions.

    Thanks to the vets and especially the ones currently engaged in battle. God bless.

    Devil dog we agree there. God bless.

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  36. The Fly

    DRYS is queered up. What am I the spokesman for the co?

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  37. Gwar

    Hey Phil from Brazil

    How are those NOV/RIG/TBT/DBA nibbles working for ya?

    LMAO! Who needs to grow a brain?

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  38. My herpies itch

    jamming to screaming tree’s – sweet oblivion

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  39. gappingandyapping

    Who here thinks GM will pay you a 23% dividend?

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  40. The Fly

    Fuck the casinos. They are going out. Might as well buy some long shot puts here.

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  41. Donny

    Message to fucking idiot PermaBulls:

    http://www.youtube.com/watch?v=pD8ymBR2Ufo

    Scream Uncle … and pray I offer quarter! 8)

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  42. DEVILDOG

    Thanks mrkcbill.

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  43. The Fly

    So many brokers/investors are long GM paper. This is going to be ugly.

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  44. Jakegint

    Holy shit, Cheap Trick.

    That’s it, I’m calling the Cheap Trick Bottom.

    (1:32 pm EST)

    Off to another egregious meeting.

    _______

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  45. Needle dick the bug fucker

    any one have a web site that can calculate the total value of a sell off?

    ie the recent sell off started last friday and continues today. How can we “easily” calculate the total share holder losses.

    trying to get a handle on if and how much fund managers are selling.

    TY

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  46. Thunderpup

    Stacked dead actors

    http://www.youtube.com/watch?v=upWlI4VSHJw

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  47. The Fly

    Bug:

    I can probably do that with PPT. I’ll ask IT.

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  48. 4fl3x

    JakeGint, I follow the Tick and Tick/q but I have no idea where you got the panic reading from at 12:40? I thought there might be something else you were watching.

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  49. Fook

    Inverse ETF’s will implode as the derivatives market gets strung up by its entrails.

    EEV, SDS, SKF, SRS = timebomb.

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  50. DEVILDOG

    Hint for all smart BEARS. Keep an eye on $UTIL index and SDP. When the sheepeople/cow herd defensive $UTIL index cracks look out below…new market lows ahead by 11/19. Don’t forget to say thanks.

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  51. wtf?

    rock out
    and buy SMN

    http://www.youtube.com/watch?v=manxPVTLth8

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  52. DEVILDOG

    Hey fook, why don’t you SHORT them and clean up. Dare ya!

    BTW, they are going to EXPLODE to the UPSIDE. You are now included in my SSF 40.

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  53. Thunderpup

    Melissa Francis sure is prostituting her show.

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  54. T MOE

    Bought SMN yesterday at at 76.35. Looking mighty nice today. Loving every minute of this beat down market. Still lower to go.

    Hey Devil Dog why the 19th?

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  55. T MOE

    http://www.youtube.com/watch?v=FL0cK4gaEuM
    great with the title of this thread

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  56. DEVILDOG

    T MOE, HUGE BEARISH pennant break between 14th & 19th on $UTIL INDEX. SDP to new highs.

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  57. Fook

    DevilDog,

    In your eagerness to defend your beloved ETFs, you completely missed the point.

    If we are in for a total crash like you predict, that puts those ETFs at significant risk. They are tied to the derivatives, which by many accounts is the next shoe to drop in this fiasco. If the counterparties that ProShares uses for these ETF’s blows up, so do your holdings.

    Puff your chest all you want. I’m not doubting your projections for the market, only the instruments you chose to play it.

    Oh, and fuck you.

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  58. Henry Fool

    Small Cap alert!!

    COIN add 6.57

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  59. Henry Fool

    FLY:

    Are you looking for last hour rally again?

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  60. Juice

    Crude chart

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  61. T MOE

    Here comes a head fake attempt to help this shitty market.

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  62. DEVILDOG

    fook, if they don’t pay off the IETFs you might as well just close down wall street for good. Not that I’d mind that cesspool going away after the NYC scumballs drown in it. Don’t worry as hanky panky won’t let his free ride go away. He will TARP the IETFs. Get a clue.

    BTW, fook you.

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  63. Henry Fool

    COIN news:

    Converted Organics Inc. (NASDAQ:COIN) announced today that it has entered into a strategic agreement with Archer Daniels Midland Company (ADM), one of the largest agricultural processors in the world, to develop lysine-rich, green organic-based liquid and solid fertilizers for use in the professional turfgrass market

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  64. 4fl3x

    Thanks Juice

    Log scale 🙁

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  65. T MOE

    Goldman and the market will give you bull pikers another chance to short it. Take what they give you

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  66. Mr. Market's boner
    Mr. Market's boner

    Here shorty…you sure got a purty ass.

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  67. jig

    this world is fucked up…lets reward the people that fuck it up and give nothing to the people that are smart enough not to over leverage themselves..

    basically all the people that bought homes they couldn’t afford are going to be able to get their mortgages re-written. WTF??

    Fuck them and kick them to the curb.

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  68. Pete

    Uh I downloaded that dumb activeX yahoo webcam upload thing? Does that mean I just fucked myself over and downloaded a virus?

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  69. DEVILDOG

    Here endeth the stupid cow herd intra day rally and reversal attempt. Odd no?

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  70. Mr. Market's boner
    Mr. Market's boner

    I just shot my wad.

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  71. T MOE

    I want to modify my loan. Oh wait I make too much money and pay my bills. shit I don’t qualify

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  72. Tim the Enemy

    Buying DIG

    I realize my commentary stinks today because I am so busy, but at least my calls are good. I am buying DIG now with a stop of 29.99. Exiting shorts as swift as possible. Bought 19,000 shares of SSO at a good price earlier.

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  73. T MOE

    We have been seeing the oils try to reverse this market just about everyday at 10:45 to 11:00 pst
    same shit here

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  74. ALLPROz

    DevilDog,

    Do you annoy yourself at times? Perhaps reflect back on your past obnoxious postings.

    But don’t disappear because you are a great contrary indicator….

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  75. Employee8

    How bout a mid afternoon rally?

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  76. Eye No Stuff

    DevilEgg getting the homo hammer reversal to his bullshit, low volume SDP position. Funny, no?

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  77. ALLPROz

    Yes, quite funny…..

    Volume is key…..

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  78. mutt from hades Dad
    mutt from hades Dad

    LOL

    DOG

    STFU. You are a jinx. Go visit some of my advertisers or something. Keep yourself busy.

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  79. marlin Y

    Great call Michelle B. You deserve a tab for that….

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  80. potatomuncher

    does this mean we get stuffing this year?

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  81. Mr. Market's boner
    Mr. Market's boner

    Horny again, jiggety-jig.

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  82. Henry Fool

    FDO is BTFO
    looking for a thirty handle soon!

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  83. ALLPROz

    Nice timing on DIG Tim…..

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  84. Henry Fool

    FDO

    52wk closing high 28.50

    take a look>>
    http://www.finviz.com/quote.ashx?t=fdo

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  85. Donny

    DevilDog, yes you!

    You’re bad luck, and you bring bad karma to this venue. Fucking Idiot CockSucker!

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  86. ALLPROz

    Breathe deep…..and release……….

    Follow through to tomorrow.

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  87. Rodney Dangerfield
    Rodney Dangerfield

    I petition to shove $43,000 steel cactus shaped hot dogs up the ass of the loser who hacked the site, fucker!

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  88. T MOE

    It was the ChiComs since Fly keeps buying FXP

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