My readers aren’t half bad. Most of you are simple folk, who enjoy lunch breaks and a nice ham sandwich, every once in awhile. It’s the other assholes on the internet and television that bother “The Fly.”
If you think about it, it’s sort of retarded, getting mad at other people who voice opinions. However, just know, “The Fly” is all about authoritarian rule and labor intensive boot camps for those who go against him.
Case in point: CNBC
This network will eventually kill me, via cardiac arrest or stroke. It makes no sense to watch them, since they offer zero value. However, since they are apt and keen on spreading market moving rumors (Gas Man, Faber, Cramer), I am forced to watch them. Forced, mind you.
At the end of the day, I wish none of these people fortune.
In other news, the market is teetering here. Mr. Mortgage nailed that [[AGO]] short. I complimented him for it and his reply was very “robot-esque,” as always. He wishes death to both [[HRB]] and [[NLY]]. I believe he wanted me to pass that message along, sort of like some twisted/demented chain letter.
I am taking the liberty to short more [[HDB]], UP AT THESE LEVELS. This stock is really starting to piss me off. At first, the sudden rise was humorous. I even called friends and family to take a gander at it; so we could laugh together as it climbed. But this is just ridiculous. It’s starting to cost me money.
I just sold out of my [[VLO]] trade. Fuck that noise. I’d rather buy more [[RIG]].
In short, expect this rally to die with a whimper soon. The fundamentals do not support higher equity prices. And, just because gasoline is at the bargain discount price of $4.30 per gallon, that doesn’t make poor people shop at [[M]].
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A summer rally isn’t any good without summer Santa to give things a boost.
http://www.youthworx.com/wp-content/uploads/2007/11/evil-corporate-santa-returns.jpg
I hear he has a dead rally monkey to give away.
VLY shorts getting smoked. Christ. What are you going to do with it? Its up 30 %
On second thought this may be a great time to short it as its reached the top of the channel now.
Renn —
Word is that Paulsen and Bernake are moving Christmas to September 15th this year in a “nod to retail.”
Not yet clear if they will keep the 12/25 date as a sop to the church.
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“I even called friends and family to take a gander at it; so we could laugh together as it climbed.”
omg lol, can’t stop laughing over here.
FLy,
HDB rising because India just averted a major political instability, markets gonna like it. Fundamentals make HDB an excellent short, right now – not.
AGO looks like a short AGain in about five minutes…
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sure HDB trading 3.5x book is a great value—not.
I just made an asshole out of myself for saying that—btw.
Feel free to short more here, it just hit the 50 day like a brick wall.
I learned a new word today. I think it may be a fitting term for some of our more complaining internet leeches:
A “mammoni” is an adult male who lives at home with his mother despite possessing all the resources to live on his own. This unique arrangement, common in Italy, was explored by Lesley Stahl in a “60 Minutes” piece several years ago.
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Fuck the cheerleader, fuck the world. At least you get to bang Hayden Panettiere.
@DSB: and what more could you ask for, yeah?
‘zactly
edit: Good to see little REW still hanging in there in the face of all this fuckery.
Hang in there Fly! I hope you’re starting to understand just what the fuck kinda situation we’re in here. There is NO decoupling between energy and a world economy going to hell. All of it is going straight down the shit hole. All of it!
Retard market will follow oil prices (inversely) no matter what kind of egregious bullshit Wackoffvia or LEH put up.
First of all demand for nat. gas is not even decreasing and it’s selling off so people can buy stupid shit stocks like Royal Caribbean Cruises. And why? Because the idea of paying for an overpirced vacation and contracting Legionnaire’s Disease is appealing to Retard America which is 90% of the population.
I have already begun buying UNG and will bide my fucking time because the Government is getting much better at getting into the game via stock buybacks (courtesy of taxpayer money) and completing stopping people from shorting various financial stocks or going long oil. This is the least free free market economy in the world. Expect 10 years of Japanese style market action…. the slow decay. Nothing to do but have about a 2 week timeframe at most. Nothing will go down for too long and very little will go up.
How long will these douchebags sell oil with China putting 25,000 cars on the road every day? 16% move in RCL today. Joketown, USA.
Sir Douch … the rotation out of energy, in to equities is not sustainable. Eventually this trade will erode.
The banks are fucked … we’re gonna see many more regional banks go belly up, and cheap(er) gas ain’t gonna help’em.
Sir D:
CNBS says if Natty closes below 10 today, expect big sell-off, as it is a “magic number” retracement.
fm MV –
Bennet Sedacca
12:54:19 PM
Position in SKF, SKF options
The capital raising window remains shut for most.
It’s hard not to notice that the write-down, write-off parade continues.
I suppose we got the ‘boy oh boy am I glad they didn’t all go bankrupt rally’, but if you haven’t noticed, there haven’t been any capital raises.
Why? Because they can’t.
In preferred and hybrid land, here are current rates and mind you, a new deal would have to come at a concession, or cheaper.
*
Lehman (LEH) 12%
*
Citigroup (C) 10%
*
Freddie Mac (FRE) 13%
*
National City (NCC) 20%
This keeps my firm negative towards financials and we’ve revisited the dark side via SKF.
I can’t believe what I am reading here. You phuckers are simply in denial. You’ve made so damn much money shorting financials and long commodities, it’s blinded you to the pop of this dumb-assed bubble. Either that, or you’re blinded by jerking off too much while watching Becky Quick on Squawk. Wake up assholes. It’s time to be long financials, short energy and piling into the new bull mkts … Aero, Transports, Biotech.
Fly, well put that you are forced to watch them because what they say could affect a position.
Did it, as G.Beck would say, make blood shoot out of your eyes when the Cow was complementing Kneale on his new good looks?
PharmPhucker, i think you have got it wrong.
The overall fundamental’s have not changed, so you can not argue for those “new bull” mkts. The only thing that have changed is that, if you read an earlier blog of mine in the peanut gallery, is that Financials and Oil commodities are inversely proportional vectors (=similar magnitude and opposite direction). I would explain why this happens, however, i would dare not say due to fear and schizophrenia.
After its over, i may post a blog in the peanut gallery the truth of this movement.
Update: i think you’ll see that Fly’s hammering will pay off after….if i told ya id be pig’s food. Until then, im mostly cash.
you all may as well buy the XLF or the UYG, because financials are going to be pumped by cnbc for the next 2 months.
i’m being a little facetious, but, frankly, i’m starting to wonder if that’s not too far off the mark.
as a matter of fact, i just finished a ham sandwich, thank you very much.
i turned off CNBC like 3 months ago; without a doubt, the best thing i ever did. its no different than “Access Hollywood” or “Entertainment Tonight”.
A hem send-which??
Feh! Vot is diss fakakta boolsheet?
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I’ve got 12 quarrels in you, you crazy pig.
Die already.
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What, with the meshugganah pigs already??!
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It’s not easy being green….
The color… of the screen….
Why not some other one I said,
Like blue, or black, or maybe red?
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Tom Brown dismantled in the comments section.
Feel free to pile on to this fund manager’s bullshit thesis:
http://seekingalpha.com/article/86180-financials-how-and-when-we-reached-the-bottom#comment-211677
http://farm3.static.flickr.com/2155/1715379219_32f5150037.jpg?v=0
Not everybody was jerking off.
I cast LEVEL 5 RALLY OF CLEANSING! Foop!
get drunk and buy aapl
pharma the charts don’t lie…. money has been rotating into biotech for a couple months now.
IWM…rusty wants to take the lead in dragging the 4 sisters north bound. Note that it is into ICE from the june 24 th breakdown on very strong volume.