Earlier this morning, a Goldman Sachs analyst predicted U.S. recession is an absolute certainty in 2008, giving it a “10 out of 10” chance. She feels the Fed will lower rates to 2.5% and the unemployment rate will soar to 6.5%, by 2009.
Should this occur, bet your bag of “homo-hammers” oil stocks will get knee-capped, as investors look for a “source of funds.”
There are so many ways the oil companies can lose here.
Should oil gap above $100, I am 100% confident the democrats will ring the “bells of communism,” calling for a windfall tax on big oil. And, as the market gets hairy, fund managers will blow-the-fuck-out of [[XOM]], [[COP]], [[CVX]], amongst others, in order to raise cash.
As you know, the best way to play XOM getting its hair piece pushed back is via [[DUG]].
By the way, I’m no currency guru (just stocks), but converting bullshit dollars to renminbe (China’s currency) seems like a dunk shot. Currently, the dollar is at an all-time low, versus the Chinese currency, as pressures build for China to revalue its currency.
There is an indirect way to play this, via an online bank named “EverBank.”
Apparently, it allows you to open up a checking account tied to the renminbe.
Finally, look for all stocks, except Chinese ones, to come under pressure today, at least in the morning. Aside from the Goldman recession call, [[BBY]] said business blows.
NOTE: If [[FXP]] has the balls to open up under $76, I’m buying it with both hands.
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Shit is going from bad to worse.
Welcome to what may be the mother of all bear markets shaping up in front of our eyes.
“Woo hoo”
I sez, paraphrasing the famous REM lyric.
Capitulate, you fucking wannabe bears! Sell it all, damn you!
Awwwwww…..
Isn’t that cute how old man RIMM is struggling to climb back up the down escalator, his three day-stubbled chin bump, bump, bumping bloodily on the sharp metal treads, his one good eye rolling in animal panic?
Please come back to $98.
Please.
how much more selling do you expect in mvis?
I’ll grab some FXP @ ~ 71, not sold on DUG yet though.
you like cmo still?
like cmo
Pray to me, and leave eleven pounds of blue black grapes (the kind that makes a nice Madeira) at my altar, and I shall allow you to smite MOS at “the perfect price” of $92.30.
As a bonus, I shall send a lighting bolt to smoke Alpha’s upper colon.
For giggles.
im going to start buying
BOOM has a 49 in front of it. Unreal! 44 here we come.
Btw Fly, I think you hit a new record with 10 contentlink links in your post. Good thing I like the color blue 😛
If you are short up the wazoo, beware the counter trend rally mañana , or not .
Your choice.
You have displeased me, (someone has been using inferior olive oil in my smudge pots) now I am thinking that you will have to bow and scrape for smuts…
Entry prices of $96 for RIMM and 90.50 for MOS.
Where is my last lightning bolt recipient, Frosty?
Sold into chattel slavery as was my bidding?
Jake you’re gonna get paid shorting RIMM, 95 interesting.
Jan Hatzius, Goldman’s economic frontman, is not a female, he’s just British.
Jake, that was funny. Go suck a lightning bolt.
Sawzall,
Those are just my suggested entry prices for today.
I have strikes at $120 and 103.50 as well.
Boomer needs to start pumping his BOOM again. Don’t let all those gains turn into losses.
I sold after the last pop but I hadn’t the fuzzy nuggets to fade it back down.
Fly dumping MVIS.
Yes, get your prostate removed by shorting PBR.
new – i’m not holding BOOM, sold in Dec, did some trading in the last few days for a slight loss.
Fly,
Why the fuck don’t you get into currencies? You could have made a killing shorting GBP/JPY @ 240 and again at 228 before the New Year. It’s headed below 200 eventually.
Newequity: Wachovia pissed on ISRG yesterday saying the credit crunch might cause hospitals to cut back on purchasing high priced equipment.
Just passing it along with regard to ARAY.
Also, if anyone else is interested, ARAY has a nice Powerpoint investor presentation on their website.
Seems like with earnings a week or two out skf (ultrashort financials) seems like a slam dunk.