What the fuck?
[[FNM]] just hit an iceberg, called California. Abandon ship and grab onto any floating doors and shit.My “Reverse Five Horsemen” of agony keep printing coin: [[FED]], [[PACW]], [[DSL]], [[CORS]] and [[FHN]].
Folks, we have a full fledged panic in the markets, with wheel chaired bank stocks leading the way. Sadly enough, I know some very good people who are heavily long banks now, trying to catch that allusive bounce.
There will be no bounce, only the “black flag.”
On this “Fairy Fannie” move, [[FTBK]], [[FMBI]], [[WFSL]], [[MI]], [[STI]], [[TCB]], [[WB]], [[ACF]], [[PJC]], [[BBT]], [[CYN]], [[RF]], [[PZN]] and all of the brokerage stocks, amongst many many others, are receiving the “Death Ax of Indecision.”
If you’re still long the market, please see your local shrink for a dose of psychotropics and sedatives.
NOTE: On this FNM move, other “GSE playas” are feeling the pain: [[NLY]], [[CMO]], [[MFA]] and [[ANH]] If you enjoy the content at iBankCoin, please follow us on Twitter
Not sure what is going on, but NLY started to sink the same time as FNM dove off a cliff.
Also, thank for mentioning CLF, much appreciated.
Do we HAVE to be long this market to sign up for the psychotropics and sedatives?
haha Anton, I have a stash I can share with you. Friend-o.
Double Bottom on XHB daily.
Fly,
you still holding onto your FTK and energy stocks? I’m holding some FTK, RIG, and APA, and they have been slaughtered the last week and aren’t doing so hot today. I bought some SKF and that’s really taken off thanks to the banks tanking.
PS – Can I borrow your Delorean?
Computer Power – program trading moves ’em down!
HRB up today.
LOL
The market never ceases to crack me up. Everyone was so sure it was set to bounce and then it pulls this shit. That up ~100 pts at open was a nice touch too.
By the way is this a slow motion crash? Because it sure feels like it.
elusive ? you sure your IQ more than 50 ?
No, fucktard. I meant “allusive.”
al·lu·sive Audio Help /??lus?v/ Pronunciation Key – Show Spelled Pronunciation[uh-loo-siv] Pronunciation Key – Show IPA Pronunciation
–adjective
1. having reference to something implied or inferred; containing, abounding in, or characterized by allusions.
2. Obsolete. metaphorical; symbolic; figurative.
Fannie’s bro FRE is getting taken behind the woodshed.
I thought he was punning on “illusive” in a particularly clever way, because the words can be used interchangeable.
“Elusive,” however, cannot.
Jakey, would you still sell ub here? Expatiate with any details that may be helpful, if you would.
Friends, I am changing my mind from earlier statement that the usd is a sound currency, that oil is going to 30 and that the nyse is a lifetime buy.
major update..
The chf pigquidity pump by the Swiss Bank is finito. If anyone entered the positions with me Thursday, cover the short, or stay, depending on your apocalyptic meter.
UB is a strong bank. CYN is much weaker.
Is this retarded or what?
“July 7 (Bloomberg) — Deutsche Bank AG, Lehman Brothers Holdings Inc. and UBS AG say the Standard & Poor’s 500 Index will gain the most in 26 years during this year’s second half. That isn’t going to happen, if history is any guide.
The S&P 500 will rise 18 percent by January, according to the consensus projection of 10 U.S. strategists surveyed by Bloomberg. The forecasts are based partly on estimates that profits will jump 50 percent in the fourth quarter after falling for the past year.”
They will jump fifty percent from what, from .01 percent to .02 percent? I don’t trust these analysts to hold my TP for me when I visit the bathroom.
sorry for being so gross, I get a little excited when trading.
And here comes oil.
UB is currently at five year lows (approximately $37.50’s), and looks like it’s got some support at $36-37. Given the recent trajectory, I don’t expect that support to hold. However, you may want to “wait & see” for a break through that area to hit it again.
I’ll maintain my short, as I’ve much jooz already built in. It may be a “stronger” bank on relative terms but the market currently says “All banks with Pasadena branches go to hell.”
I try not to argue.
____
This is not only retarded…
The S&P 500 will rise 18 percent by January, according to the consensus projection of 10 U.S. strategists surveyed by Bloomberg. The forecasts are based partly on estimates that profits will jump 50 percent in the fourth quarter after falling for the past year.”
It’s quite funny, in a “Look at the man talking to himself on the corner, Mommy” kind of way.
_
Today’s rise in shippers on the drop in oil is just a head fake on the way down.
“Don’t look, son. You don’t want to be like him OK! Trash..(spits).” says Mommy
Methinks you were just a few hours early when you covered your first set of shorts this AM.
Well done, nevertheless.
HRB only up becuase a no-name mutual out of Europe took down 2 mil shares. Kept it up all day. See the puts.
told you guys to get into cheap NLY puts. That was a 10 bagger.