Fed forecasts indicate further easing, with rather tame inflation projections. They cite slowing growth and a weakening job market.
Ignore the minutes. The Fed will ease, mainly because tanner men than Bernanke say so.
Plus, with FRE and FNM in a never ending death spiral, Bernanke must get in his helicopter and save the day—I hope.
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Fry: Bilderfuck is taking his profits, does that mean the bears will go take a nap?
Post-Minutes December vote prediction:
Bernanke – YES
Geithner – ?
Hoenig – NO
Kohn – Yes
Kroszner – No
Minehan – YES
Mishkin – Yes
Moskow – No
Poole – NO
Warsh – ?
I’m more bearish now.
He better fire up the whirly bird. My reindeer will provide protection from errant RPGs.
Bison:
They must change their tune, post FRE/FNM.
Is there any doubt at this point? What will it be? .5 or a full 1?
No time for comments-market volitility is nutz.
I’m very close to putting some money in ITB ETF. If the fed cuts the homers will squeeze.
It doesn’t even matter… cutting rates won’t help too much now. You have to let psychology work itself out…
Meanwhile, oil almost at a new high… over $98.
-DT
FLY…we all eat big turkey…CDS ESLR FUQI a couple of side dishes….shopping for more fixens’…QID short, the turkey getting fat for the big day….need pie, whipped cream and the like.
A split decision in December is all but certain. And the reaction to a reluctant cut won’t be nice.
FLY…spot on…cut they will…paulson will reach for the dollar.
Meanwhile, if credit is such a concern, why is MA still up so much?
-DT
Agree with DT. The Fed historically is usually too late. A rate cut will simply serve to stop an imminent market crash.
The dollar maintains its status as the sacrificial goat.
The market is saying they won’t cut.
Grizzlies on attack !
roll over & play dead !
margin calls…give back the butta…oh my
I am losing all my gains, help. FUCK THIS MARKET FUCKERS.
You can count on Poole-Hoenig pulling a Scalia-Thomas. Poole will spill venom before he retires. (Any other JD/MBA here?)
neweq-
your gains are showing up on my doorstep.
I bought QLD and DDM after I upchucked-then sold it 1 minute later for a big gain. This is worse than Vegas.
Ducati,
This is a golden moment. We agree.
jog on fucker
DT – MA is a xaction processor, doesn’t underwrite credit risk. Less easy credit means more use of existing credit cards, hence higher xactions >>> more $$$ for MA.
9 holes was not the cure to this crazy day, obviously. Shouldda stayed for 18 I guess. Sorry about that.
Off to Romania, Fly?
(Sorry, couldn’t help myself).
This market has a long way to go (down)…
If Beard Ben can’t round up the votes, they better not cut.
Lots of blood. Lots of opportunity here.
You should be buying, asshats. The selling will not last. In two days, people will be stuffing themselves with turkey, fall asleep and wake up to a new day, forgetting why the market sold off in the first place.
Fucking flights to Romania are all booked—just checked.
Perhaps I will walk it, across America, up through Alaska, down through Russia—right into Romania.
Sounds like fun.
Any takers?
I’ll need retards to fetch me water and oxen.
I sold out of all my longs.
Went 100% Romanian currency,
moving south of the border with my sombrero tomorrow.
(…shit, I’m starting to sound like JJ.)
Broker: Any chance of FMCN buying XFML for 5 or 6 folds?
I think it would be accretive up to 8 folds.
viz
Fly,
I will offer you 15 euros for your website, enough to rent a yak through Upper Mongolia.
No.
However, there is also a chance, after retirement, Angelo Mozilo will be appointed new Treasury Secretary.
Alpha, don’t fool yourself. There is no blood or puking.
30 points down on the Comp and 70 on the Dow?
This will not resolve until the Comp is down 150 and the Dow 600.
Juju:
The site is for sale, starting bid is 15 million euro’s.
Wood is the new Kass.
How entertaining, yet fashionable.
I will kill all of you bearshitters, before I die.
Just sit there and wait.
Keep waiting.
The Fry values his site like the big banks value CDO’s….
Sorry Fly. It pains me to trade against you. Truly it does.
May you be comforted by the fact that I always lose when trading the opposite direction of you.
Watching GOOG (Gettysburg for the bulls) closely.
(….the fucktards anxiously await the Woodshedder bottom.)
Fat fucks feast on food from NTRI
(just had to say that)
If institutions are selling, where is their money going ?
Are they buying Treasuries ( with a 4% yield ) ?
Are they moving money into commodities ?
Are they holding USD ( which is in an extended decline ) ?
Are they moving it into foreign markets ?
Are they buying real estate ?
Money is always moving among the large asset classes – Equities, Commodities, Bonds and Real estate. So the question is if money is moving out of stocks, what is it moving into ?
Chindia, mostly. Been going on for years.
Good question Capital. What’s the answer?
Also, one thing to consider is some of the money was never their money to begin with. So that leveraged money goes no where because it never was.
The money is being deposited into unmarked safety deposit boxes.
They have Jimmy Rogers ice the cake before the close. Oil hits $100 at the same time right?
Fuck it I am all in on GS Jan 240’s here. Fuck it too cheap. Do or die nut cutting time boys.
Welcome to the bear. All you fucking bearshitters happy now?
Time for new lows in everything, I give up today guys.
jog alone
The FLY:
How is your short of SWC doing?
Told you early in the day to SHORT FSLR. You did not listen? I dropped a bomb shell and expect it to cllapse soon. Nothing is easier to short than that!!! You like my Seeking Alpha article?
oh hell yeah. About time, I was ready to jump out my basement window.
I just closed out all my shorts.
Will re-enter depending on the close.
This market has a bid coming from somewhere.
Thanks to those who answered my MA query.
JJ, keep writing here. You’re the perfect trader to fade. If this market gets a little bid, FSLR will be at $230 again in no time.
Meanwhile, that same bid wouldn’t even put your piece of shit SWC over $10.
-DT
Donosaur:
OK, then, you buy FSLR here if you think it is a better buy than SWC. Go ahead.
You still hurt from that massive loss of shorting FSLR and covering? I will ride it all the way down. Just watch me. You did not have a chance to watch me short NEWP from $80 to $200 and then ride it down. You now have a chance to see I cover everying thing around FSLR = $20. Just watch on.
JJ —
Did you cover your FSLR short near the days low?
Or did you add down there and get your balls blown off?
C’mon, tell us the truth before you go to engrish class tonite.
Thanks in advance,
spartacus
Goat:
I did neither. It is neither time to cover yet, nor time to add more short.
I will add more shorts at %150 level, and then add some more at $100, and add more at $75, and more at $50. I will cover everything at $20. It will take the time of roughly one to two harvests. So be patient if you want to watch.
My sources inform me you are short from $130.
So lets do a little math here. Lets say for grins you allocated $150K itowards shorting FSLR beginning at $130. If you added and didn’t use margin (unlikely) you have lost of 67% of your capital.
Good investing skills.
Goat:
How could any one short a stock without using margin. Of course you used margin. You can not short a stock using cash account. You don’t even know that basic knowledge?
The good news is as FSLR falls down my margin shrinks and I would be able to add more shorts. I plan to keep doing it until it reaches $20, and cover everything. Just watch. Mean while interested in buying so tellurium?
You dodged the question JJ. Probably because you are a waste of bandwith with your 100 shares.
yOU are a goat fucker.