I hope it’s obvious to you by now. The Gov’t is trying its best to walk this fucker (market) up. 125 bps in one week is nuts.
Essentially, Bernanke is making monetary policy, while smoking blunts. Should the payrolls data be better than expected, the shorts will be southern fried stupid.
Just in case, make sure to have some high quality longs in your portfolio to offset your shorts.
With my money, I will probably buy a little stock towards the end of the day, providing the market doesn’t give up all of its gains.
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I told you last week I was gonna cut another .50%
Are you going to eat your site now, Mr. Fly?
Waiting sitting with one finger on the sell inverse etf button.
P.S.:
Boom goes the dynamite.
Takes alot of Colt 45 to wash down the aftertaste of filet of undercooked, rare, blood-red (pun intended), website.
Wow, I really didn’t think it was that bad to warrant 125 basis point cut in a week. Watch out below.
Nice picture of Bernake at the fed meeting trying to work some of his rate cutting magic.
http://upload.wikimedia.org/wikipedia/en/f/fe/Dumbledore_and_Elder_Wand.JPG
If we close today in the 12,650 to 12,800 range DJIA, the bulls will definitely be in control for the near term. Through 12,800 and next stop will be 13,250.
“Fed-speak” indicates more cuts to come. Playing catch up.
You crackas heard my latest album, “Get Rich or Get Bailed Out Tryin'”?
Just sold an XLF put. Still holding on skf.
Welcome to the United States of Zimbabwe.
Hey Gunship Benny,
It seems the market wasn’t that impressed with you blowing your wad all over the place again. Funny thing about crack whores, they always want more.
Where is this foolish servant of mine Shorticus that admonished me against my large QLD position ? Oh false diety Shorticus may you forever be tormented in Hades. The Bearded One works to my benefit, not to the benefit of of a wormtongued conjurer of asshattery as yourself.
Fed must not be worried about the dollar. If European central banks will be cutting their rates in the near future, weak dollar is not as big an issue. Coordinated cuts makes sense if the rest of the worlds’ recession risk is growing.
How can you fight these government acts of collusion?
And REEEEEELING it back in…
Despite the market being up, it still looks pretty shitty, with the DOW struggling to be up 100 on the day. I don’t know what all the longs are getting all hot about.
Picking up UWM and ROM here.
Lest anyone be mistaken of whose whore I am:
First sentence, second paragraph:
“Financial markets remain under considerable stress, and credit has tightened further for some businesses and households.”
All of my bid/asks are messed up. Anyone else? Etrade, TDAmeritrade, and IB
Ah, what sport!
A sharp tongued, hubris filled mortal crowing over his meager hand of pheasant.
I am in hopes your hovel has a curing facility, for that shall be your scant meat this winter, I fear.
is HANS tanking because of PepsiAmericas announcement? what the fuck?
Sheeit, used to be nobody seen Fiddy coming. Fiddy show up and be a big surprise. Now y’all sittin around, lookin at yo fancy-ass white boy watches, saying “where Fiddy at? when Fiddy gonna get here? I gots to buy a new flat panel”
Stupid-ass bitches.
How can you fight these government acts of collusion?
By making sure all of your specie is denominated in either gold or silver denari.
Boomer…etrade ok here
Oh Gunship Benny as usual you misunderstood. I meant that the market was a whore and you is da crack pimp.
Adding to UWM and ROM position here.
Only retail is holding up. Tech, Financials and Homies are showing signs of fading the enthusiasm
Shorticus,
I agree. The reality is that interest rates will be going back up sometime. Inflation is the longer term issue once we get past the banking crisis.
MR, I heard you. I just thought my revelation in the latest statement was funny.
And I would not use the pimp/crack whore analogy. We are more into the heroin/dealer arena at this juncture.
Cramer will be happy today…but by next week he will be jones’n for another taste of that sweet sweet action….
PPT meets tomorrow.. as per the main cocksucker on the PPT, bald Hank.
As per me, the PPT is buying the fuck out of futures the last twenty minutes, since the indexes were about to give up the crack .
Get. Drunk. Buy. Stocks.
Bought a little FSLR at 188.65.
So fly … if you’re talking about going long stocks again … is MVIS on your list?
I know you don’t like talking about MVIS. But in hindsight you made a nice little play selling it all at $4.00-$4.50 obviously. But if you were indeed putting time into MVIS for the long run, as it appeared you were before … and were anticipating a strong end of ’08 and beyond … you would think stepping back in at $2.50 would be a “no brainer”. Seems like that would be a better play than waiting till 2H where if they are executing even near timelines given … unless the market is totally fucked it should be a lot higher than $2.50.
So … what’s up with that?
Yes GB it was funny, but making fun of you is funnier. By the was you should kick that bitch ass Richard Fisher’s ass for going against your divine will. Trying to disagree and shit so he can look important.
Juju –
Why? Just curious. Thx.
Cramer says buy banks
=buy SKF
Alvari
See my comments in the PG — “Breakout Stocks”
Juju,
Many thanks.
SSO is workin’ for me! Thanks Ben, I’ll put you on my Christmas Fruitcake list.
Burn shorties, burn.
time to start drinking and buying stocks … again
woo hoo!
party like its 1999 !!!!!
Yes. Recession finally over.
Buying SKF at $90
Gasparino says downgrades coming today for monolines
In and out of SKF, short POT, long SMH, and DXD so many times my head is spinning. Pass me a 2 liter of Colt 45.
heats up fly north, better head south my birds
Can one ex CEO of a shitty econ dept save the economy all by himself?
Opening at theaters near you today?
Equities going down, what the fuck.. Hank, can’t you call your people?
Bill Ackman using a rusty pocketknife to try to cut the bull’s balls off.
Kentucky considering legislation to outlaw energy drinks ain’t helping HANS any.
Bill Ackman.. putting a big fist up Hank’s ass tonite.
homo hammer!
can we just please go down to 10,500 and get it the fuck over with.
god damn.