With like 10 hurricanes set to smash into the U.S., it is expected that oil will drop another $100. Basically, for each hurricane that hits the U.S., deduct $10 from the price of crude. With Hannah and Ike on deck, just take off another $20 right here, take the money—then go to the mall.
Look at the mall, it’s booming today.
Wow, J. Crew Group, Inc. [[JCG]] , American Eagle Outfitters [[AEO]] , Borders Group, Inc. [[BGP]] , Coldwater Creek Inc. [[CWTR]] and Zumiez Inc. [[ZUMZ]] are smoking off of cheap oil. And, let’s not forget to stuff our faces, via Chipotle Mexican Grill, Inc. [[CMG]] , Einstein Noah Restaurant Group, Inc. [[BAGL]] , Jack in the Box Inc. [[JBX]] , Brinker International, Inc. [[EAT]] and Yum! Brands, Inc. [[YUM]] .
How delightful!
Oh, just in case you were unaware, the housing market has bottomed too. Just go ahead and get long [[LOW]] and The Home Depot, Inc. [[HD]] , while you’re rich.
With all of these commodity prices coming down, I feel like tracking down Jim “the bow tie” Rogers, so that I may punch his eyebrows off. What say you, pinhead?
Booyah, the homies are running. Can you hear the jack hammers going? Listen very closely, I bet you can hear the profanity coming out of your local construction site.
Wow, God bless President Obama and candidate McCain. We have ourselves one heck of a good economy.
By the way, since everyone is rich again, why not go eat a few rib eyes, at [[RUTH]] ?
Okay, I’m done. Back to throwing darts at pictures of Hurricane Gustav.
NOTE: In real life I am long Barnes & Noble, Inc. [[BKS]] , [[HD]], Wachovia Corporation [[WB]] , Starbucks Corporation [[SBUX]] and The Clorox Company [[CLX]] . Booyah times two!
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My girl Cris Valerio was on Bloomberg today reading a note from a Billion plus investor. He says todays drop in crude is like a tax cut or rebate checks going out. Buy Buy Buy!
Is Merlin still on vacation?
I like that so much, I will change the title of this post.
Merlin is sleeping. Should I wake him up?
“Basically, for each hurricane that hits the U.S., deduct $10 from the price of crude. With Hannah and Ike on deck, just take off another $20 right here, take the money—then go to the mall.”
hahaha You’re killin’ me today.
Merlin is starting to wake up already and he’s in a bad mood.
JMHO … Oil is gonna continue to decline, and the broader markets will crash before year end. No asset class is safe in an environment like this … after all, California is insolvent.
How about that S&P 500 … up 20, now down 5.
The entire economy is going into a very dark place, and this is happening as permaidiots think we’re just now coming out of a dark place.
With that said; who the fuck are we kidding here. This is no time for un-pragmatic, uncompromising, know-it-alls to be fucking around in the markets. Go buy a CD at the local bank … but not WaMu or Wachovia, and keep it under $100,000.
Holly fuck … what an awesome day this is becoming!
Bought my Skiffles.
I’ve heard tho much about Ike and Gustav and how they blow, they thound like thumbody I’d like to meat!!! I mean meet!
Ahh little Fly…It’s the KING DOLLAR Q3 RALLY because after all, we are the least ugly looking chick from a bunch of ugly chicks (Fast Money metaphor).
All kidding aside, anybody starting a short position on the airlines?
This market is sneaking up on sleeping fucktards. All market yo-yo’s will be homo hammered in 3-6 weeks. American economy sucks folks. Adios Amigos.
In the fwiw rumor dept, from my retail man in the business:
“Rumors that Dillards may be in play. someone high in management at a big vendor…probably a few weeks…prob for over $20”
The worm turns……again……….
so far the morning rally has been built on sand.
Mrs. Market is vicious and cruel…like my ex!
All my pretty green screen is turning red before my eyes.
Any ideas why the Dow is holding up?
How demoralizing…
When is this “PPT” will be released and how much is it going to cost?
Do you send a prospectus about it?
That fucking Chrome download page has an error. Nothing happens after clicking the “Accept and Install” button.
Is Vincenzo somewhere in Mountain View?
S&P range for short term….resistance at 1300 and support at 1200….if it were only that simple……
Short HPQ @ 46 … strong dollar will disrupt next qtrs earnings mo and tech rolling over here.
PS: HAYN is toast too
“The PPT” aka “The Fly’s brain” will launch on the 79th anniversary of Black Monday, October 28th.
I will price it so it is affordable for all, especially since I am in no need of your silly dollars.
Just wondering, why are you long WB? Wachovia is a bank with $122 billion in Pick-a-Payment mortgage loans. They are no longer offering such loans, but the ones remaining on their books have seen big losses. Furthermore, they have large exposure to construction loans and defaults in that area are climbing.
http://lcmarket.blogspot.com/2008/09/trading-idea-short-wb-wachovia-corp-new.html
I am long WB for NO GOOD REASON.
Essentially, it is an all or none trade. I will sell it at $30 or $10.
“The Fly’s Brain” has a much better “ring” to it….more marketable and memorable! Imagine the nice logo/graphics.
PPT?….sounds like a medical condition you get in the Red Light District.
PPT is a widely recognizable, non-copyrighted, acronym.
Do not bet against “The Fly.”
He is always right.