Do not be fooled. The market will not rally with Morgan Stanley [[MS]] and Goldman Sachs Group, Inc. [[GS]] in the shit box. As long as people have doubts about them, the market will drill itself lower—putting holes in asshole dip buyers in its path.
Again, I made a mistake selling out of my energy stocks yesterday. However, if it makes some of you feel better, I did load up on Freeport-McMoRan Copper & Gold Inc. [[FCX]] , which should charge higher soon.
At the present, my total energy exposure consists of National-Oilwell Varco, Inc. [[NOV]] , Western Refining, Inc. [[WNR]] and Clean Energy Fuels Corp. [[CLNE]] .
On the long side, I like the action in ag stocks. Lindsay Corporation [[LNN]] , Valmont Industries, Inc. [[VMI]] and Potash Corp./Saskatchewan (USA) [[POT]] look less than gay.
Finally, I sold out of all of my [[FXP]] today, due to China Mobile Ltd. (ADR) [[CHL]] fuckery. And, I am really digging the move in Hansen Natural Corporation [[HANS]] today, despite not owning a single share. I just like their products.
NOTE: Bill Miller still sucks.
NOTE II: [[SKF]] and [[SRS]] still look pretty neat.
NOTE III: The death drop by State Street Corporation [[STT]] will sound some alarms. Elevator down.
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Thoughts on gold and silver on this intraday pullback?
state street
I’m holding many small/mid-cap Tech names, they are all holding up nicely in this sell off. Tech is going to be the place to go.
Any thoughts on that Master Fly?
Sooo…Dougie Kass is bullish on MS, and so am I. This cannot be a good sign.
Obama is a manchurian candidate
I am an elitest who wishes to destroy russia through a facist american attack.
While The Fly was up Egregious %’s yesterday, Bill has been Miller was not so busy losing 5.87%.
Fly, what do you think of shorting RKH here?????
RKH is a good short, as is IAI.
MS + WB = a merger of loosers. Thats like the Mariners merging with the Padres.
Sell that combo short, to zero.
I’m pretty much still all in on the short side, except for some bottom picks in energy. My account balance was not pretty this morning ….. but looks OK now thanks largely to AAPL.
I’d love to go long on some beaten up bank preferreds in my IRA’s but I think it gets worse yet before it gets better. Also stil looking to short some industrial stocks that haven’t been hit yet.
GGP just shit in its dinner plate. So sad. 🙁
Ugly Ugly tape
GGP seems to have come down with dysentery. Such a shame. 🙁
MS + WB
Its like tying together two birds that each have a broken wing and trying to get them to fly again.
i used to have a few friends that worked at state street – some probably still do – and i’m worried about this action today. something must be up.
KEY & FHN just cracked. I’m thinking RF may go next.
SKF over $144, The Fly wins.
Fly,
What price are you covering your Goldman Short? Book value? or Tangible Book value? We are hitting it now.
FITB getting ready to join the shower shitting party.
I am short GS until the cows come home.
FITB too.
STT dropping on AIG exposure. Again, this is the list of AIG bagholders.
AXA (ADR) (AXA: 29.00 +4.35%) : 161 million shares
State Street Corporation (STT: 53.78 -16.94%) : 96 million shares
Barclays PLC (ADR) (BCS: 21.62 -4.34%) : 94 million shares
The Bank of New York Mellon Corporation (BK: 31.29 -5.47%) : 31 million shares
Legg Mason, Inc. (LM: 35.83 +0.96%) : 29 million shares
Northern Trust Corporation (NTRS: 66.32 -6.22%) : 29 million shares
T. Rowe Price Group, Inc. (TROW: 51.96 -2.82%) : 23 million shares
Janus Capital Group Inc. (JNS: 21.68 +1.26%) : 19 million shares
Goldman Sachs Group, Inc. (GS: 105.44 -7.91%) : 17 million shares
Morgan Stanley (MS: 18.51 -14.90%) : 16 million shares
Bank of America Corporation (BAC: 28.14 +3.46%) : 16 million shares.
WB a good short on this spike up?
STT also has large MS exposure.
Fly- where do you get your holdings numbers?
From yahoo…reported 6/30/08 AXA has ~132.6M shares or 4.93% of % outstanding.
http://finance.yahoo.com/q/mh?s=AIG
is the kraft move into down priced in? or will that happen on/around the day it actaully is in (9/23?) or end of month when fund managers rebalance index funds?