About a year ago, “The Fly” started shorting stocks, with high hopes of a banking meltdown. It was fun back then because we weren’t really melting down. I made truckloads of coin shorting a variety of banks, including BSC, Lehman Brothers Holdings Inc. [[LEH]], Washington Mutual, Inc. [[WM]] , and being long [[SKF]] . It was the beginning stages of crisis and there were so many bullish fucktards to destroy: I thought it made sense to bet against popular wisdom. As a result, I was not only right, but exactly right. However, assholes, as everything falls apart in real time, it’s not that funny anymore.
Now, don’t kid yourself for one second. The stooges you read or see on the internet are talking their books, as I am. Believe me, if I were still short, I’d be calling for the blockage of the “bailout” too. I switched my position from perma bear to retardo bull because I felt it was time to fucking shred the losers who relish in the destruction of America.
I love this cesspool and would manslaughter a few hundred thousand people to prove it.
These “skull fuckers” I speak of are not interested in rebuilding America. They want the whole fucking system to come down, in order to make a few bullshit dollars in the market. Regular Macabres, they are.
Some people are afraid of depression and anarchy. Well, let me just say, without massive government intervention, you will get your depression and more. The bill HAS TO PASS— not because it’s good, but necessary. The market is expecting action. Without it, everything collapses.
Put aside your market bias: do you really want that to happen? If so, I have a few Brooklyn “fuck yoos” for you.
Once the government has control of the housing market, via buying the notes, they will be able to renegotiate terms and keep people in their bullshit homes. When able to reduce market supply, economics 101 dictates that demand will catch up— and prices will begin to rise again.
Look, I am no economist. I only play one on the internet. However, I know the market better than any of you morons out there. I am sure there is plenty of money to make on the downside, specifically in industrial and stupid ‘global growth’ plays. But, for now, it’s time for the government cheese makers to step up large and take down a trillion dollars of dicey assets.
Once they do that, confidence will return to the market place and Armageddon will be taken off the table. After all, with all the egregiously armed criminals in this country, you don’t really want chaos, do you?
Be careful for what you ask for.
NOTE: All of you internet lovers, who are appalled by the bailout and are pleading with Congress to toss the idea into the toilet, are stark raving mad. Absolutely mentally ill, certifiable.
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Well said.
In a real failure making money shorting is worthless if the denomination becomes worthless.
I’m scared, so my plan is to start drinking.
Muhuhuhuuhahahahh….
Bwaaaahahhhahhahhahahhahahhahhahahahahahahahahhahahahahahahahahahahahahahahahahahahhahahahahahahahahahahahahahahahah…
The American Dollar is still hella strong against the Indonesian Rupiah 🙂
There are many good ideas out there, of what should be included in any bill. However, our cheese-making, skull-fucker, peoples-representatives have none of them. That includes the two nimrods running for Chancellorhood. If they only lived on the internets, like real Americans, they’d be able to come up with viable solutions.
Heros of the internets – Mr. Mortgage, Nouriel Roubini, Ron Paul, Karl Marx Cesar Chavez Denninger, all have clues that are begging for our skull fuck representatives to heed. But they continue playing their beyond gay, political posturing games right into the abyss.
People have NO IDEA how bad things may get. NO FUCKING IDEA!!
Agreed, good post. It must pass in some form, the alternative is pure financial chaos. If we’re lucky it won’t be an egregiously screwed up piece of legislation that passes.
Juice:
I disagree.
All of the people you mention are just interested in a little Armageddon light. Those are not solutions, they’re ambushes.
This plan is a start.
You listed off the a-list of the tin-foil bear crowd.
OK Fly, but I think those people really do care; they were way out front of the issue and their solutions make more sense to me than whats currently on the table.
I agree. The bear game was fun before it got deadly serious.
But most people who blog on the interwebs are just talking their book, like right now.
Hey, Citi is a fortress bank. They will swallow the world and become Zeus.
And the Fortis news, if true, is big.
http://www.weeklystandard.com/weblogs/TWSFP/2008/09/kristolw_a_genuine_and_immedia.asp
Bottom line:
Most of us here are just looking to bank a little coin, no?
It doesn’t really matter which way the market goes. I am just reading the tea leaves as I see it.
Shit will still hit the fan, irregardless of this bill passing. Watch and learn, foes, watch and learn…
I can’t believe all this support for this BANK ONLY bailout proposal. It’s fucking bogus that you all think this is going to fix everything! We do nothing, we’re screwed. We do something, we are screwed. The only difference is we spend what’s going to be more than a TRILLION dollars which will not prevent the inevitable collapse of the markets. Fuck anyone who borrowed money beyond their means. Bail out no one and let us as a country mature and grow up. Obviously, we as a nation need to. Let us learn from our mistakes.
Fuck recession, we will have a depression with the way the Fed and this government let this happen and now wants to BAND-AID the situation. It’s too late…
I agree Fly.
It’ll happen this weekend. Im sure you are a tad nervous with your WB, C, and UYG, but there’s really no need to be.
DT’s sister sleeps with this guy who’s as a janitor on Capital Hill. He was in the mens room today plunging a toilet and over heard Paulson tell Barney Frank that if he could promise that the bill would get passed by Sunday afternoon, he’d give Barney a hand job right then and there. Next thing you know, he made DT’s sisters boyfriend lock the door to the bathroom on his way out and the two went at it.
done deal
my Sarah Palin lookin’ wife says,
… “Bailout + Election = Market goes higher!”
I have until now been a lurker but your post tonight got me off my xray ass…Fly you are so cool to say what you did ..I am no subdivison flag waving lunatic either..but I have looked on incredulouly to the systematic and calculated almost sadistically gleeful destruction of our market at the hands of our own domestically farmed financial terrorists, as Buffet call them. No way to justify it . None. Some say it’s a financial 9-11. And yet no one talks about forcing the hedges to start reporting transactions just like anyone else. Time for more visibility. Equal the playing field. The system will be destoyed otherwise. As you say,
” They want the whole fucking system to come down, in order to make a few bullshit dollars in the market. Regular Macabres, they are.” And they must be held accountable. Something others here don’t want to hear because you’re hitting them in their wallet. But you are so right , and so cool to voice it like you did. Kudos to you..I enjoy your anger and vitriolic schtick – it works – it’s also admirable when you let a little of you slip in every now and then sans the sauce. cool. very. over and out.
Of course they’re talking their book. These are people putting money where their mouth is. Maybe you’re heart is screwing with your perspective.
Citi is crippled. They’ve fallen from grace. They’ll get dragged up in any bank rally but BAC, GS, WFC, JPM are the four horsemen of any recovery. I guess you can toss USB in there. More previously dragged along banks are gonna start pulling a FED. That is the next stage and the poor internet traders won’t make money shorting them to zero; only market makers, specialists and the brokerage houses they work for. Even commie countries China & Russia are allowing shorts on everything. What a world!
Once again: FUCK MAIN STREET.
The average blue collar idiot is half way retarded anyway.
It’s sort of like going to the only Doctor in town and he gives you a wrong diagnosis. Are you going to try to treat yourself or give the only Doctor in town another try to make it right?
Wall Street bankers, love them or hate them, are the only Doctors in town that can fix this.
BTW: If Fortis fails, it comes as no surprise. Check the share price.
http://finance.yahoo.com/q?s=FORA.AS
Juice:
Long C from 15’s.
So far, so good.
By the way: “irregardless” is not a word.
Idiot.
Step up your grammar game son, when you come to “The Fly”.
I only own 15,000 WB. No sweat there. If I lose 50%, it will not hurt.
My Citi position is quite large. But I am already up more than 30%.
Little risk there too.
Betty Crocker, go bake a cake.
I just wanted to say that. It don’t mean nothing.
I just want to hear from Steve, the neighbor, apparently a man of average intellect but trims his hedges and wears sunblock at water parks.
Go MVIS!
Fly, may I suggest you possibly change your motto ‘The Fly has seen the future…’
Also, both house and today the Senate have let the 23 year old moratorium on offshore oil drilling to expire and allow development of shale oil out northwest. Do you think crude is going to tank soon or at least go to like 75? I realize they are not going to drill and pump oil starting monday but this is an important step toward the long road of oil self sufficiency.
Fly:
I agree with Fly, Main street fuckers don’t understand what the fuck is going on because like Jake and Anton most are cognitively impaired. Deep down the brainless fuckers would love to see Wall Street go down (or up) in flames because they hate reading about all these smart dudes making so much money they can barely dream about or win in a stupid fucking lottery with odds of 3 billion :1.
This is really fucking serious and it’s even more serious if they didn’t push the deal through. It would mean the Fed would have to take all that shit on their books. The Fed would eventually have to get bailed by Treasury. When that happens it’s game over. The Dollar and every single asset class in US dollars would drop like a stone.
Fly, what’s you objective on Citigroup.
If I lose my 401k and my house the Fly family said we can set up a tent in the back of his house. A very kind man, but tends to leave his lawn a little weedy and swears a bit too much for Mrs. Steve.
Citi goose steps to $25.
Steve:
Fly lives in a doorman building. It’s to keep riff raff like you outta there.
I never get my diagnosis wrong, stop going to 3rd rate physician assistants and come to me.
Note: I will probably be doped up on Vicodin, just disregard that.
Truth is the biggest Patriots this last week were the bond traders, there were no bids and bond traders could of taken that market out and made some bank. Sure they would have set America back 100 years and all, but if they were true greedy bastards they could have made money. I for one would like to salute a group of people that put Americas interest in front of their own, thank you bond traders!
I reckon he funniest stories in this whole thing was the top brass at Bear and Lehman. The stupid fuckers kept believing their own shit.
Dick Fuld was a totall idiot. he could have got some capital but my bet is he didn’t wanna dilute his own stock value. Fucking idiot.
Jimmy Cayne at was Bear was actually on a bridge tournament when the ship went down. How good is that? Cayne was a first class prick too. I worked there for a time and recall that Cayne had to be allowed first in the elevator if he was at the back.
Ladies first.
Dr. House is very Fly-like, with regards to his office manners, minus the drugs.
Switch the drugs for caffeine and you have an exact match.
Hey Fly
Don’t know if this is bullshit or not. I got some citi stock too by the way.
My broker who works there was telling me that the chick in charge of wealth management was fired because the firm may have a lot of liability as a result of client accounts getting stuffed with CDOs.
Dunno if it’s true, but firing a chick on Wall Street at that level raises eyebrows. Even if she was useless they would still keep her on and hire good underlings to do her job as you don’t fire top line chicks without good reason as it makes the diversity crowd furious.
and throw in a little Ramsey, right? .. .. Kitchen Nightmares is back!
A friend runs yee olde retail shoppe in Greenwich, CT. He said Fuld was in there just before X-mas last year picking up gifts. Fuld told him that shit was gonna hit the fan in 08 and that my friends wife, who trades, should be careful. He certainly knew, but he must have thought he could manage his way out of the mess.
Fuck the banks. Why play those? Much better companies to go long on that have good earnings and balance sheets that have come down due to the rotten banks. Fuck the banks. I wouldn’t buy a fucking bank even just for a trade. Fuck the banks and the fucking bankers.
Booyah Fly!!!! I was always right. Glad we’re on the same page now. How about some tequila over dinner tomorrow?
Protrader, you fuckin’ DIMWIT:
“I realize they are not going to drill and pump oil starting monday but this is an important step down the long road to oil self sufficiency.
This won’t do JACK SHIT for USA self-sufficiency in oil, It is a fuckin’ STUPID idea, because the meager amount of oil offshore and in Alaska is best used by SAVING IT for
future American use in petrochemicals.
If you want to send fewer oil dollars to the
Mideast, just slap a $5 per gallon tax on gas.
Or RATION the fuckin stuf – 10 gallons a week per passenger car.
Fly – i teared up when i read your post. I love this country too, to bad it is all flucked up. But you know, as sad as it is, that bailout thing when passed will only buy us some time. Then what? You are a smart man, and i really don’t think you believe that all will be well, do you?
Talking your book is one thing, but don’t be deceived. Life and lifestlyes will not be the same for a long time, if ever. Sorry for the gloom, but if you think otherwise, please tell us WTF will ever put confidence back into play? Our current system depends on confidence in the Fed and the Gov’t – I think that is gone for good. That is why the masses oppose the bailout – they see no hope for themselves. So they want it all to come down,. Fuck it all! they say.
This is way too heavy. Here’s Sarah Palin in a bathing suit during a beauty pageant.
-DT
Jimmy Cayne at was Bear was actually on a bridge tournament when the ship went down. How good is that? Cayne was a first class prick too. I worked there for a time and recall that Cayne had to be allowed first in the elevator if he was at the back.
I must say the above admission explains a lot. Only “chip-on-their-shoulder” second rate state schoolers went to work for Bear Stearns.
And those poor fucks, with their hilarious “dollar sign” suspenders and slicked back hair, never realized everyone else on the Street was laughing at them. Especially the non-Tribesman, who were second class citizens even within the walls of that bucket shoppe.
Kind of ironic that I’m here laughing at you all over again, even after you’ve fled the country and moved on to the lucrative field of dingo insemination.
___
A bill will pass. But think about it using the Dr. analogy, if you were in a hospital and your life depended “the operation” our governmet will finally pass, would you be planning a vacation for next year or getting your affairs in order for your family just in case?
So there’s your answer. They will pass something, but the patient is going to be very sick for years to come.
see
U.S. May Find Painful Parallels in Nordic Bailout
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atydz8zY7Psw
It will do nothing more than postpone the agony for a very short time but increase the severity and duration tremendously.
PS
http://www.merriam-webster.com/dictionary/irregardless
I recommend the “envelope system” solution.
Dingo Facilitator–
Screw that, if they fired Ernesto’s wife at Morgan, when she was bucking for President, they’ll fire anybody, PC be damned.
_______
Dino–
I know such fare may be offensive to homosexuals, but let me try to explain why it might be detrimental for you lefties to be hooting over that vid…. (eye roll)…
Ask yourself — how did the Governor of Michigan (a Canuck by birth!) get her job?
Think of what US men’s Olympic Team in full Speedo does for your loin surge, and then apply that to the heterosexual majority here in the States.
__
STFU Jake:
They paid decent money and I didn’t hang around long.
Tell us, how long were doing the garbage round before you found day trading?
Screw that, if they fired Ernesto’s wife at Morgan, when she was bucking for President, they’ll fire anybody, PC be damned.
You proved my point because zoe was also pretty useless.
Jimmy R —
Thanks for your comment, I tend to agree.
That said — “irregardless” is not a word, but rather a sure sign of linguistic deficiency.
Like the posts of “j” — it flashes “dumbass!” with every appearance.
__
Interesting article on the towns that will likely be hard hit by what is happening:
http://finance.yahoo.com/real-estate/article/105861/Towns-That-Could-Be-Hit-Hardest-by-the-Financial-Crisis
Ooh, I see I struck a nerve.
So you knew you were being laughed at?
That puts you half a step ahead of the bulk of your shipmates who thought Michael Douglas’s “Gordon Gekko” look was de rigeur for a drinks turn at the Red Hand.
__
This is a great big shit pie, and everyone gets a slice.Rat fucked!
http://finance.yahoo.com/real-estate/article/105861/Towns-That-Could-Be-Hit-Hardest-by-the-Financial-Crisis
Jake,
C’mon… if you had footage of Biden in a swimsuit, you’d post it too.
Listen, why don’t you step away from the computer for a little while and catch some air? I imagine you have very high blood pressure and I worry.
-DT
Oh Ma Gaud!
Being long now has really affected Fly’s judgement. Talkin’ ‘is book ‘e is!
$700 billion is a joke, even $5 trillion will not work. Drop in the bucket. No way now to avoid paying the Piper. He is piping his tune and all our children are following him into the mountain.
No TD
He’s backing up his thesis with a position and seeing he runs a blog about what he does in the market he’s telling us what he’s doing.
That’s a logical sequence of logic, TD.
Are you and Jake related perhaps and found day trading during the garbage round?
This is sad, a private equity guy in London killed himself…
http://www.dailymail.co.uk/news/article-1063356/Credit-crunch-banker-leaps-death-express-train.html
I don’t see why that guy killed himself. Over a 20pct equity loss over UBS? I doubt. Maybe there are homeless people targeting any banker type of guy (ie push them onto the train tracks), all the omega fatty acids in the free kitchen soup have made them upholders of justice. I am sorry, not to joke, but why is the article title “credit crunch banker, why not just a banker?”
Seems like he knew more than the story lets on.
When bailout passes disaster will be averted. But a bailout rally is a way too popular concept. We already had most of it.Sideways trading at best before another test of the lows in a few months.
Remember in the good ol’ days when bankers jumped out windows because of the guilt and shame of losing all their money and bankrupting their company.
That takes guts. Remember folks, never take suicide off the table.
Nowadays, these jerkoff traders fuck a company and what do they do about? Write books, go on talk shows, and speak at seminars. What’s Brian Hunter doing these days? Starting a new hedge fund? Hey, he only fucked a $4 billion dollar company and put everybody on the street, right?
And if you didn’t do the “right thing”, you got pushed out of a helicopter.
I’m not sure we will see anything until Monday.
“It would be my hope that this could be resolved today, that we’d have a day for the American people and members of Congress to review the legislation on the Internet.”
House Speaker Nancy Pelosi, Sept 27, 2008.
Listen, why don’t you step away from the computer for a little while and catch some air? I imagine you have very high blood pressure and I worry.
Thanks for your concern. I guess I’m just lucky I’ve yet to transfer my neuroses into a full time “third-tier” blogging gig.
__
Sigh, it looks like I have two jackasses to “show the hand” tonight.
At least with Dino, I’ve got legible script to work with. Does anyone know wtf this means?
… and found day trading during the garbage round?
????
___
Vincent V — Great movie, and I’m in full agreement.
Ozark — keep in mind, the High Holy Day is Tuesday.
They have to get this shit done by Monday sunset.
___
Congress leaders, Bush administration reach tentative deal on financial bailout deal
Pass the $700 billion BUT also put interest rates back down to 1%.
Everyone benefits from that, while getting the housing industry/homeowners going again.
Gives some hope to the little guy, not just to what is perceived as a banking bailout.
If Dino’s Dems pass it with a trading tax in the mix, there will be no “pop” from Wall Street.
__
“Fiona…”
That’s a lovely name. I lobbied for Fiona for my only daughter.
Vetoed by the non-Irish wife.
Damn Prods.
_____________
If the bailout doesn’t succeed we’ll have class warfare or a revolution ….
Three different news source and varying words:
Yahoo (12:41): Congress, White House reach financial bailout deal.
Reuters (12:54): Congress reaches outline of bailout bill deal.
Bloomberg (12:54): Lawmakers Say They Have Tentative Accord on Rescue Proposal.
I feel that yahoo, reuters like to use words like reach,deal which are very refreshing, smoke after sex good.
Bloomberg however reminds that (it will not have the big initial $500B at first but) rather $250B immediately. Words like tentative,accord are too boring.
Other news:
Automakers gained $25 billion in taxpayer-subsidized loans and oil companies won elimination of a long-standing ban on drilling off the Atlantic and Pacific coasts as the Senate passed a sprawling spending bill Saturday.
If the bailout doesn’t succeed we’ll have class warfare or a revolution ….
http://www.youtube.com/watch?v=2pGht71KFkY
Fiona
They can’t lower rates to 1% without cracking the dollar and commodities. If the plan “works” they are more likely to be raising rates and they should otherwise the C/A will have to correct domestically to balance. Getting the C/A to do that would mean a horrifying crack in consumer demand.
Once again… FUCK WALL STREET!
The average white collar asshole can’t count… What’s an extra 9 zeros anyway.
It’s sort of like going to the richest Doctor in town because he owns the town. There are no other options. So, we must trust him, right? He can do as he pleases even it isn’t the correct diagnosis. You could die because of malpractice, but, who the fuck cares because “He’s the best!”
No one can fix this mess we’re in, no matter the amount of the bailout. It’s only toilet paper anyhow.
I guess McPain will have to call another phony suspension to his campaign and fly to DC to blow the thing up again.
1847….
And initially, yes, I had put the traveler’s visitation down to some kind of feverish hallucination. He stood there in the dim anthracitic glow, worrying over some sort of chalice. There was blood at the corners of his mouth – the obvious leavings of a massive rib eye, perhaps two and one half inches thick.
“Fucktarded!,” he cried. “Egregious!!”
Spittle flew from his mouth and I pulled up my bed covers in terror,
“What do you want!?,” I cried.
And he was silent – just the sound of his breathing. With my head spinning like the chromium rims on his otherworldly carriage, he nailed me with a look and said, “I bank coin – and I have seen the motherfucking future…”.
—
I cared not whether it had been fever or dream, for I knew my life’s work was now valid: all was now crystallized in this dire and marvelous moment, the pieces of my Manifesto falling into the coherence it had lacked until that night.
“Friedrich!,” I shouted. “My pencil!”
And thus, I began.
—-
“And here it becomes evident, that the bourgeoisie is unfit any longer to be the ruling class in society, and to impose its conditions of existence upon society as an over-riding law. It is unfit to rule because it is incompetent to assure an existence to its slave within his slavery, because it cannot help letting him sink into such a state, that it has to feed him, instead of being fed by him. Society can no longer live under this bourgeoisie, in other words, its existence is no longer compatible with society.”
The fun has yet to begin.
Before I go to bed, I just want to say one thing:
Fuck Main Street
i’m feeling used.
If Dino’s Dems pass it with a trading tax in the mix, there will be no “pop” from Wall Street.
Actually it would just be an envy tax.
yea, fly fuck main street. While on the subject of main street and the burbs…. Jake what exit off the LIE do you live? You have to be mid Island, right?
http://philsbackupsite.wordpress.com/2008/09/25/home-10-step-plan/
Here’s Roubini’s 10 step plan.
I agree with Karl http://market-ticker.denninger.net/archives/594-MAKE-THIS-VIRAL-STOP-THE-BAILOUT!-SAVE-AMERICA!.html
We’ve thrown too many wasted dollars at this problem. It needs to be done right. A few more dollars on the bonfire of missed opportunities will NOT solve the problem beyond a 5 minute rally benefiting The Fly, his investors and other hedge funds/mutual funds, all with their itchy trigger fingers on the sell/sell short button.
Look, yous, I get the sentiment put forth by The Fly above; we ALL do, aside from a few malcontents whose failures breed ‘the misery loves company’ syndrome. We ALL are tired of the whole thing and want it done NOW if not sooner, which has bred the incompetent solutions that have led us to this urgent moment. One more incompetent solution will seal our fate. It will take the pressure off for about 5 minutes before we are back here one more time.
Sorry, that link didn’t work. Try this one
Denninger
Naomi Klein argues that this is the first step towards:
to privatize social security,
lower corporate taxes
and cut spending on the poor.
http://www.naomiklein.org/articles/2008/09/now-time-resist-wall-streets-shock-doctrine
http://www.amazon.com/Shock-Doctrine-Rise-Disaster-Capitalism/dp/0805079831
Jake,
I actually agree with you about something… that tax would be disastrous. Perhaps I’ll link it on my third-tier blog (right under the Palin SNL vid).
Meanwhile, while you haven’t exactly transfered your neuroses to a third-tier blog as I have, you have managed to transfer them onto a first-tier blog. Indeed, do a word count and I’m sure the sum of your commentary around here would be enough for a book. An angry book.
Perhaps you could sarcastically title it, “DT Wins Again!”
-DT
Text of the “summary of draft proposal” to rescue financial markets issued early this morning from Pelosi’s office:
http://www.foxnews.com/story/0,2933,429343,00.html
WSJ has an article also supposedly with the text, but I don’t know if it’s any more detailed, as I’m not a subscriber and can’t log in to see it.
Viewed through the lens of the book The Fourth Turning …things are proceeding much as the authors have chronicled. Societies experience genrational cycles and the cycle that the USA is in right now is winter.
The releif rally that will most likely come post the bailout package will be an oppurtunity to sell.
————————————————–
(sic) investment bankers are the ones to get us out of this mess….. rotflmao….regulation/legislation and a new transparency to the OTC derivative market with a clearing house in the middle…. those things will begin to right the wrongs…
Senor Fly. I know you just want to play your games but its all over, things are going to change and it is not main streets fault, this shit is on wall streets watch, so fuck them and fuck u if you want to bail their asses out. Sorry the fucktarded bankers don’t get a free ride this time. Fly, their all rich, its the mainstreeters who are going to pay and all you say is ante up, morons. Shame on you.
boca, Use Firefox with the refspoof addon to get free access to WSJ’s subscriber content.
Tender spot hurting a lot? Other side too? bruises on your face and body throbbing? Is that blood running out your nose, skirt above your head in the wind, panties torn and soiled, titties swelling and turning blue by the minute, lost on the roadside, hoping not to die? Did you recognize the tail lights of the limo that threw you off? Was it the same limo that picked you up at election time, promising a good decent clean ride? Will you ever learn? Last time these guys did this to you, your babies were killed in Iraq and your retirement fund spent to do it, your taxes went up, you did not get destroyed by the weapons of mass destruction, they were never found. Poor little America. Our heart-felt prayers from Canada go out to you!
Fly,
Why waste your breath explaining why you’re long C? You’re one with The Man’s flypaper now. He’s already said everything you’re struggling to say.
Hope your new hive-mind doesn’t lead you into too many ‘obvious’ trades though. Think the hedgies are just waiting on the sidelines with tons of cash ready to pour into those same old commodity trades?
Uncle B +1 (minus the sentimental and opiatic religious crutch, of course)
This third-tier blogger is in cash and I don’t care if it goes higher. This is one of the most telegraphed moves we’ve ever seen. Telegraphed moves have often been met with “sell the news” trading. Just saying.
Thanks Topper.
Uncle B, you’re a sick person.
Uncle B is obviously a canadian. By definition a Canadian is a sick skull fucker that deserves scorn and ridicule. Uncle b, fuck off.
FIDEL CASTRO SAYS – NATIONALIZE EVERYTHING – I DID IT AND NO MORE PANICS. http://www.therealcuba.com
Sell the news indeed.
I agree with Boca. Uncle B needs some help.
j / JakeGint (cause I know it’s coming): Given the mess the United States government has created, on so many fronts, over the last six years, nationalistic lectures from you chapeaux de derrière are just retarded insults added to injury. Go forth and procreate.
While on the subject of main street and the burbs…. Jake what exit off the LIE do you live? You have to be mid Island, right?
Pay attention, dingo milker. I’m from Long Island.
There’s much downside to that history. For one thing, it means I have to go back and visit my mother two or three times a year. On the positive end, look at how good growing up in that overachievers’ traffic hell has made me at eviscerating dopesome tools like yourself.
One more thing… the “L.I.E.” thing is a cliche. Not everyone in Lawn Guyland lives off one of its exits.
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To contact your representatives, your senators and the senate committee to say:
I am requesting that you change the mark-to-market accounting law and to extend insurance but extend no loans. If you do extend loans – if you vote to borrow the money on the national debt in order for us to all go into the mortgage business a trillion dollars – i will fire your ass and send you home.
I don’t live in the US, dodo head. However other then selling a coupla barrels of oil and sending your retied down the Florida because the place is a miserable freezer there’s not not much you boring fucks north of the border can teach Americans.
Now get in line to see the doctor for the next 6 months and STFU while telling everyone how great your shitty health system is.
Not everyone in Lawn Guyland lives off one of its exits.
that was the good bit.
Meanwhile, while you haven’t exactly transfered your neuroses to a third-tier blog as I have, you have managed to transfer them onto a first-tier blog. Indeed, do a word count and I’m sure the sum of your commentary around here would be enough for a book. An angry book.
Sigh. Dino Commie, we’ve been down this path before. You seem to have a problem with my form of expression here, and I fear it’s a “personal” problem, as my dear Mother used to say.
Of course I’m no “angrier” than any of the New Yorkers who post here, including our dear author. Your weaseltry is appreciated nonetheless, if only for it’s cogent example. Take the lesson thusly, and perhaps learn from it:
If we New Yorkers and to some extent, urban New Englanders, are more honest in our expression, and don’t hide our opinions in catty, passive-aggressive asides like you and your lib cohort are wont to do, I’d posit we’ve the better of the comparison in the long run.
Perhaps you should give honesty a try, for once and eschew this saccharine false front that gives even the most passing of readers the creeps?
Think of this also — It might even save your well-ground back molars from a date with the implant specialist.
It’s always funny until someone loses an iBank
This is gold… what a metaphor for Hard Times a’ comin:
Hef to sack hotties in order to keep the Mansion afloat.
I blame Danny Bonaducci.
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Oh, that’s just fucking hilarious, Mom.
Always with the jokes, this woman. Oy gevelt!
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Concern about spending money on the bailout after decades of financial profligacy is silly. It’s like charging a night of drunken debauchery on a overspent credit card then quibbling over paying for the cab ride home and opting to walk home through a very, very bad neighborhood.
America, you are still screwed in the morning and you have some real problems to deal with, but, for now, at least get your ass home safely.
MSNBC reporting no senate vote on bill until Wednesday.
Well, it’s interesting to see those that are willing to throw away things like Freedom, Free markets, The Consitution and sanctity of contracts. Not to mention also throwing future generations under along with your personal future. Fly, your a total dikwad for wanting this socialist bailout. As if the bailout is going to solve anything. Take the immediate death blow and at least maybe there will be someting called a recovery. With this bailout the agony just gets dragged out with no recovery and you lose something called the free market. Way to go doorknob you just helped to weaken america, it’s currency and it’s foundation.
Where did this rain come from? Here I am in my speedo all lathered up in sunblock and was going to go to the beach with Fly but the rain hasn’t stopped.
joe blow has no idea how symbiotic the wall st/main st relationship is. everybody at the fucking cannery would be laid off so fast their heads would spin, if this deal somehow fell apart. shit doesn’t go through congress and the senate in a week or so, unless the apocalypse is looming.
A GENIUS posted this on Usenet Oct 2006:
“I’m a hard core Dem, but I see no advantage to winning either or both Congressional houses this year. Bush has fucked up EVERYTHING
beyond repair and in fact beyond belief.
The economy and markets are headed for collapse, Iraq is a MESS, the deficit is out of control, the military is decimated, health care
costs are out of control, and there are TEN percent unemployed, not 4.6%
It would take a minimum of TEN YEARS to rectify this mess, and the Dems if they win in 2006 would play the role of scapegoats.
Let Bush & Co. reap the harvest that Frist and Hastert have sown.
Stay home, folks – or vote REPUBLICAN. They deserve their own mess.”
********************************************
And the same holds true in 2008.
Vote Palin-McCain and vote GOP for Congress.
“Look, I am no economist.”
Exactly – you’re a flip-flopping piker suffering from delusions of grandeur. You also suck as a trader – so just shut the fuck up.
“Wall Street bankers, love them or hate them, are the only Doctors in town that can fix this.”
Yeah, just keep making deals with the fucktards who caused this mess – you’re a genius. Ever read Faust? I didn’t think so – seems like you were probably raised on Marvel comics.
Wanker
The bailout is just the beginning. Emergency rate cut is next.
Eat me:
Blow me.
You fuckers are just mad that you were all too stupid to get caught short. Fucking morons.
I suggest working at a tinfoil hat factory, instead of playing with money in the markets.
BTW: Thanks for selling C to me at $15.50.
Remember: None of you idiots have control over these matters, no matter how loud you scream. The faster you realize that,the happier you will be. With that being said, your job as an investor is to read the tea leaves, not create them in your image.
Back to the Mets game.
i agree, judd. rate cut odds are going up every day. if that happens, fly’s thesis about commodities will work well, and i’d expect oil/gas/commodity stocks to have a nice bounce.
also, re: the usenet anecdote: voting for anyone as a punitive action or to force accountability is irresponsible. i understand the idea of gaming a current administration to further a long-term goal, but that never works with politics, because the chess pieces change constantly.
Fly, you are so full of shit your eyes are turning brown.
U.S. history is filled with failed companies, banks, panics and crashes and yet somehow the country keeps on trucking. We have had the S+L crisis, 87 Crash, 911, Watergate, the 70’s, the 94 Mexican devaluation, the 97 Asian crisis and even the awful fucktard bush and his GS cronies won’t keep this country down for long after raping the taxpayers.
This bailout will not help at all. It only enriches the banking elite who are the ones who got us into this mess. Fuck Buffett, Bill Gross, and you, you un-american pinko who has to resort to fleecing taxpayers to make your investments work out. Go back to Russia you commie bastard!
I don’t understand why people get so angry when they lose money. The market is what the market is. You can’t define it.
The only thing I know is that the government always does the right thing WAY too late. You fucking shorts should remember that.
Does this mean you no longer like The Cubs?
You wall street phuckers are so funny – trying to cut in line for gubbermint handouts. To hell with you. We pharmers control this phucking line. Get your sorry asses in the back of the line and shut the hell up.
What’s wrong with ‘enriching wall street?’
Are you fuckers investors or just spectators?
Just asking.
Last I checked, what’s good for wall street is good for me. However, in an odd twist of lunacy, very bad for the NY Mets.
That’s the way we do it in the Midwest!!!
Payback for 1969.
Everything is wrong with it. Give more fuel to this economic fire disaster. Great idea…NOT! We need to fix this economy not fix the (banking) system. Get it? So, basically if wall street fails YOU fail. Not everyone, just YOU and your banker friends.
FUCK WALL STREET!
Two things…
1. The Mets suck.
2. Jake is insane.
-DT
Two things…
1. The Mets suck.
2. Jake is insane.
There you go Dino commie. Clarity is always the better route.
______________
All you fuckers who come here and carp: Whether the Fly is correct or not, he’s just playing the percentages.
If y’all have a better idea with regard to tomorrow’s market action, the Peanut Gallery is available for you to deposit your thinking for everyone’s review and comment.
If you haven’t the courage for that, click on Dino Trader’s name and take your low class whining to the third tier, where it belongs, and where– appropriately enough — no one will read it.
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Whoops!
Forgot to take Dick off the clock. That last was me, of course.
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I’ve got one question only:
Is anybody stupid enough to take Mr. Mortgage seriously?
Seriously?
I would submit the above referenced 99th tier blogger for Asshat of the Universe Award.
Now back to your regulary scheduled fuckery.
Another example of the “better comment” category for Dino Commie:
(from Dealbreaker, today)
if I was Dickie Fuld I’d get myself a good lawyer, and start investigating countries without an extradition treaty… maybe Venezuela?
Then Chavez can put him in a cage pulled by a donkey, and parade Fuld through the streets of Caracas…. the people can throw rotten plantains at the greasy capitalist… but Dickie, you can keep some money, and it’s better than 3-5 up in Ogdensburg, NY!!!!
Lol.
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as long as people keep spitting out offspring at a nice clip, the economy will keep on moving forward and upward. however, if we start dialing back the baby making machine, ala europe, we’re in for a severe ass-fucking.
so, basically what i’m saying is: you dudes on this blog need to get pregnant and do your fucking part.
Latest from Charlie “Last” Gasperino on Schittybank-WalkAllOvahYah merger discussions:
Warning! Last Gasparino Reporting Enclosed! Take with a Volkswagon-sized block of salt!
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Aris. I got four, all exceptionally large brained humanoids.
No public schooling.
I’ve done my part.
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Hmm, I was expecting a youtube video JakeGint. Are you feeling ok? Can I interest you in buying some equities?
the economy thanks you, jake.
What’s up with the futures? This reaction is as muted as it can get.
DOW -22
Oh well, it’s too early for any calls.
The futures know what we know. That is, Congress is made up of asshats. If the futures don’t pop up in the AM opening it’s sell the news mode.
Denninger finally made the front page of Digg, Rally time! We can crash later when things look good and we get a nice surprise bank failure.
Hmm, I was expecting a youtube video JakeGint.
Apologies, I certainly didn’t mean to tax you with the written word like that.
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Anyone watching this Crackboy-Deadskin game?
It’s quite entertaining from a “gee a low yield nuke sure would be nice about now” Giant fan’s perspective.
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How about a Cubs-Rays World Series?
Who would’ve thunk?
I’m watching.
I’m watching.
How bout ‘dem Saints. We should be 4-0.
Aints will collapse again, as usual.
Playing better without whiner Shockey. The Giants discovered that formula last season…
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ha ha.. I thought Beanieville was a crazy man last week when he was spitting at the bears for cluelessly trying to bring down the system. Now, both of you are crazies.
Love it. lol
“This isn’t about a bailout of Wall Street, it’s a buy-in so we can turn our economy around,” said House Speaker Nancy Pelosi in a press conference announcing the agreement. “It comes down to one word: Jobs. So we can create jobs.” I think you mean SAVE JOBS MS. Pelosi
The Mets are a piece of shit team. They deserve a fucking bailout!
Fly I won’t make fun of you if you want to change your team to the Cubs, at least we are always a lock for the playoffs.
Jake, two more things:
1. Why not start your own blog? Then we can compare readership numbers. I don’t think you’d get close.
2. 4 kids? Best get off the Internet for a little while. Oh wait… you’re on the Internet and watching football at the same time. Now everything is clear.
Enjoy the rest of your evening.
-DT
Stop fighting you two. Can’t you see we are in the worst financial crisis EVER. This recession will last 6 years!! I just walked out in the street and there was blood everywhere.
Dino — you’re sounding a little angry, pup. Attacking my family now? Niiice.
But hey, this is progress!
Why not tell the viewers how you really feel about me!
(chortle)
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Cubs, word to the wise:
Remonstrating dimwitted puppies who’ve peed the rug is not “fighting.”
PS — don’t get your hopes up on your Cubbies. Looks like CC’s on a mission.
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Rahm Emmanuel doing the “cognitive dissonance” thing with the best of ’em on Fox right now.
Blah blah blah “cop on the beat,” etc.
Where the flue was he when his boy Barney and Chris were stepping on any attempts to reel in the corruption (and the leverage) at Fan and Fred? Writing a Clinton Year Memoir?
Sheesh.
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USA! USA! USA!
Jake gint you dimwitt. you and senor fly can dance on the flames of your wall street. Americanos suck. I thank you.
Jake – I have to agree, Dino is quite the odd fellow. Certainly, I have to grimace at some of his gayish rants… It’s like I have to squint if I ever click a link he throws up in The Fly’s comment section. Certainly, on occasion I am rewarded with a nice laugh… I suspect he’ll be featured on Dr Phil (if still running) in 10-15 years explaining why his husband is much better than his wife ever was to his kids.
Dino does try hard to pull The Fly readership his way… can’t blame him for that. In fact, I salute you Dino in your link-whoring strategies with as much admiration you have for a meaty foot-long hot dog.
FUCK YOU FLY…you are right and you are wrong…
in the short run you will look like a genius in the long run I will eat your children! I am too powerful especially when I have Greenspan, Paulsen, Bush, Clinton,
Buffet, Welsh, Murdoch, etc., etc. I have many in my legion…ha! Proof and your bullshit rally’s…I will divide an conquer using MY media, go eat a Big Mac. I can do this because no one is paying attention and until you spineless Obamaites and McCainiacs feel the pain I will be who I am! Sincerely yours truly, THE DEVIL
Just came back from the Met game, what a fucking disgrace. Great post game show too! Just proves that these lowlifes can’t hold a candle to the Yanks.
I’ve got Cubbies/Sox in the series, Sox will probably chew up their little paws but it should be a good one.
BTW, that canadian fuck up top is one twisted bitch.
Also, Jakey, you are one fascinating guy to read here despite what your naysayers say.
From one Lawn Guylander not right off the LIE.
Jake is the glue to this site.
DT should also be tabbed here!
I’ll be glad when the election is over. Viz
Sorry for the rant..the devil made me do it.
Jake,
A big clarification, I didn’t “attack your family.”
Definitely not the first time you’ve muddied the waters while trying to score a point with your vomments.
I leave the thread to you now, and your 6 or 7 alter-egos.
-DT
HEY FLY FYI,
Okay $700 billion will knock 1 GDP point off per year. If we spend the total $700 billion then we will be at 50% debt to GDP ratio which is still less than Europe and much more less than emerging markets….so in other words no Amageddon hopefully….Now if we spend $1.2 trillion then that is another story.
Where did I ever attack your family, jake, you delusional irishman? I’ve never ever mentioned them, although to be sure I’m surprised anyone wants to associate with you now you mentioned it.
Sorry jake. Thought that comment was to me instead og the skull fucker.
The new york bankers are fucktarded losers. I would rather see the system burn to the ground than give them one more nickel. F@ck them and the horse they rode in on. I hope the dollar dies a grisly death.
what you say nigga?
I’m not crazy, but I am!! No I’m not, Yes I am!
The congress passes bill to get control of houses now, our mind later, and then of course… our soul!
You think the power hungry crap of the world wont?
I’d rather have a huge fucking depression and put us back into the 60s technology and economic wise, then have to give up our freedoms and democracy
give me liberty or death fuckers!
Basically either way, we’re screwed and they’re trying to poof my shit, Merlin Style!
it looks like the government always wins, even when a revolution has appeared to succeed.
Brooklyn fuck you’s? Typical New Yorker.
Personally, I have cash, land and can grow my own food.
What you’re saying is that we the sheeple should be willing and able to bend over and take it in the ass for Goldman Sachs and all the other Wall Street cronies.
Well you just go right ahead and do that Mr. I know the markets better than anyone.
We’re f’d no matter what they do. Higher interest rates and price inflation are here to stay.
While you step up to the plate and pay your due share, I’ll step on the lawn of the White House with a pitchfork saying fuck you Paulson.
end of rant.
FWvOBq