Don’t look at the indices, my little internet friend. The Dow and the Nasdaq will throw you off. Today’s jump is misdirection at its finest, propping certain sectors up in order to get liquid on your dumb ass.
If you quietly look underneath the surface, you will be frightened. You will see all sorts of hideous things, monsters and goblins posing as equities, if I may be so bold.
“The Fly” has completed his latest research project and the results are maddening.
How could so many banks be doomed, at once?
Answer: because they were all drinking from the same tainted pool, fed to them by the asshats at BSC, [[LEH]], [[MS]], [[MER]], [[C]] and [[GS]].
One might urinate his pants, taking a gander at the regional banks, today.
My list of “Fucked Banks” include:
[[FITB]] hart tip Jake Gint, [[HBAN]], [[CATY]], [[ONB]], [[FTBK]], [[FED]], [[DSL]], [[CORS]], [[FHN]], [[TCB]], [[EWBC]], [[ZION]], [[PACW]], [[RF]], [[BBT]] and [[TRMK]], just to name a few.My short list includes: FED, DSL, FHN, CORS (The Reverse Four Horsemen), RF, CATY, RF, BBT, PACW and HBAN.
A few others to note are [[PZN]] and [[WB]].
If you’re wondering: “what shall I do now”? I will tell you:
Run far away. As far as your bullshit legs will carry you. Travel to the mountains of Romania, where you can live off the land and drink goats milk, instead of chocolate bars and disgusting oversized burritos aka food for gluttons.
As for me, I will remain here “saving the country” via betting against bullshit banks and using the proceeds to buy up distressed property, where I will build large underground parking lots, to hold the many cars that I intend on collecting in the coming years.
Top pick: short the banks
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So for a Nashville caveman, long SKF? Or is there a more regional-bank-focused dubs inverse ETF?
Jakey? Anyone? I need to keep it simple. I am a transplanted southerner.
That’s right, all those cars will be parked because oil supplies will vanish.
Alias: BPOE
The FED premetting. We can’t raise rates for real. Who was the fucktard that started this bullshit? Look we can’t start a war. We lost control of the money supply. What the fuck lets raise rates and cause a ression. That way we are back in control fuckers. Fuck the little guy. We changed the law eight months ago. No food lines ETC. We can now start work camps to fix the roads and bridges.
I bot a PCLN put while the good feelings roll.
Saudis are “talking down” oil today.
Also bot puts in AMSC — anyone a fan of CitronResearch: http://www.citronresearch.com/index.php
After you read that — go check the insider selling. Looks like Enron.
Regionals to fail shortly! This way the majors can gobble them up like chocolate and oversized burritos that have been trimmed down.
Thus concentrating the power of credit and the money system.
BTW new 52 week low on GE
This, I tell you, is another bullshit rally! It’s gonna rollover.
TRMK – I agree with that one and had the short on for about six weeks. Look into KFED = not kidding, it’s a bank ticker. Also HWFG.
Today Deutche bank brought down the Anvil upon the Calvino’s head with an upgrade of CRM to 100 from 85. This is like those Goog upgrades to 1000 before it went to 400. STill they stuck a knife in me. Those pieces of shit lost billions of dollars so far and trade at 4x multiples, yet here they are with the recs. All these fuckwads should be kneecapped and sent to drive cabs with handicapped controls.
Also, why not short the KBE, since you love the etf’s so much.
Looks like SPY might have support here. Sitting at 50% retracement March-May run.
There are many others like SNV, CYN, CSE, Mi worth shorting too.
Soon, I will have a detailed short list.
Alias:BPOE
Looks like program buys were sales again today.
Cm’on Fly put a picture of the Lizard up today.
A guy told me to buy RF because he liked the 11% Div.–
If we finish in the red today, I will buy some XLF long… I still dont think we will break the Bear Sterns lows…at least not yet;
What’s up with the Fly and milking goats? I sure hope to god that’s not a fucking metaphor.
Fly man’s point update: -8
mrkcbill, I can’t tell if you’re serious or not.
11% divs get cut in half and eventually in half again (ad infinitum), as they go the way of KEY, spiraling into the abyss.
There is no sane reason for 11% divs. None.
Run far away. As far as your bullshit legs will carry you. Travel to the mountains of Romania, where you can live off the land and drink goats milk, instead of chocolate bars and disgusting oversized burritos aka food for gluttons.
As for me, I will remain here “saving the country†via betting against bullshit banks and using the proceeds to buy up distressed property, where I will build large underground parking lots, to hold the many cars that I intend on collecting in the coming years.
Holy shit does banking coin put you on your game.
Or maybe its just the summer, or the booze, or whatever, as this may be the funniest shit since last summer…
Alpha- I wouldn’t touch it…. but that is the mindset of a lot of Joe Blows.. The ones that you and Fly like to De-Bank.
Boomer, don’t ask me, as I’m what Woody considers a “DIETF fucking moron,” as I’m always long SKF (while being short select calls from time to time, like now).
I’m short probably too many banks right now. Thus far, no hot blades, though.
_
Coin is my fuel.
That is great!
Actually not much need to look beneath the surgace. Just look at the DOW’s multiple of 82. If that does not tell you that the bottom is in, or at least an intermediate term bottom, or that the market is a forward lookin gmechanism, or that the economic sttimulation is on the way and that the profit picture in the second half is trmemendous. Fuck that pack of lies. Short the Diamonds, the whole batch of it.
In The Brooklyn Eagle, Tesla announced, on July 10th, 1931, that “I have harnessed the cosmic rays and caused them to operate a motive device.” Later on in the same article he said that “More than 25 years ago I began my efforts to harness the cosmic rays and I can now state that I have succeeded.” In 1933, he made the same assertion in an article for the New York American, November 1st, under the lead in “Device to Harness Cosmic Energy Claimed by Tesla.”
Here he said:
This new power for the driving of the world’s machinery will be derived from the energy which operates the universe, the cosmic energy, whose central source for the earth is the sun and which is everywhere present in unlimited quantities.
Fly, so what’s your favorite “older” car you plan on starting a collection with? 1964 GTO with 445 hemi, posi-traction and 4 on the floor? I have no doubt that once you start excavating for yr underground garage, you will hit oil and from the profits, will easily afford the $5-6 per gallon we will see soon.
The commuter vehicle of the future is a hybrid tantric-electric vehicle.
Buylo:
I hate old cars. I do not see the need to drive a car, minus power steering, windows, efficient brakes and a navigation system.
All you old fuckers with cars from the 60’s are fucktards.
I’d rather driver a T-Model Ford, with a backup camera.
well then, if I run into a model T pick-up, that you can retro-fit with power brakes, windows, and a camera, you can back-up the truck and load up the gold, you have vaulted away, in your basement.
FLY, nice list, I haven’t gone through all of them, but Thanks to Jake I took my money and ran on FITB already, and I’m looking to others. BBT looks great, I like the increasing volume as it approaches 52 week low. July 22.5 puts could dominate.
RF July $10 puts look great for HUGE potential.
Thanks for the serious coin you’ve helped me bank with LEH, the fortune cookie fucker.