Ever since the market crashed and shit, all of you asshats think you are Warren Buffett or Peter Lynch, extending world saving ideas.
Do me a favor and shut the fuck up. No one gives a fuck (or a fiddle) about your unseemly ideas, for they are filled with rank shit and tumultuous pig snot.
Some of you enjoy bailouts, while some of you are very much opposed. Who cares?
It’s sort of like jibber jabbering over romaine versus iceberg lettuce: they both suck.
If any of you have any money losing ideas, feel free to talk amongst yourselves. Personally, I have vendettas to commit to and large scale wars to undertake. There will be no rest for Senior Tropicana, until the balance of the Earth’s coin spills into his highly polished antique ashtray.
Some of you might ponder: “Dear Sir, what shall we buy now?”
My answer, unfortunately, is for you to go fuck yourself. I know it’s a really bad blogging stratagem. But then again, I really don’t care.
In closing, I am worried over Bob Steele. I understand he only has 7 homes. How much can one man endure? The pain must be insufferable.
Give that man a platinum parachute and God Bless America.
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I just hate CNBC on how they try to ‘seem’ in knowing everything.
if there is only an alternative to CNBC rather than the messy bloomberg.
Also, did anybody notice when the bailout votes is happening CNBC decided to show advertisements in the middle of that? Really? That desperate?
What the cock is this shit?
Cubs or Dodgers?
Fly,
I love the way you so caringly don’t care for all of your internet leeches.
The Fly is Lord.
The Fly is God.
Remember, Jeff Goldblum died in “The Fly”, The Fly.
Top Pick:
Short Charlie Gasbag
Well, I almost got Jake… and his owner too!
http://www.miamiherald.com/news/5min/story/707023.html
as you know, revenge is a dish best served cold.
Fly
Are are you thinking straight. You tell us not to talk politics and now no stock talk because you don’t wanna hear it.
Dude what else are we going to talk about? perhaps Jenna Jamison’s latest stick flick. What exactly?
I don’t have TIME for all this iceberg/romaine jibber-jabber!
Jenna has a new flick? Hot she is.
Dunno if she has, dude… just made it up.
WB just rocking today. Good scalper…
What is your opinion on GOLD and Silver…
GLD SLV AUY SLW
Jenna’s latest: http://shopclubjenna.com/details.link/tid/887989
BTW: Is this an acceptable subject to discuss here?
Donny sells SSO for 48.25, and pockets ANOTHER 2 1/2% overnight gain!
Thanks … LoL … thanks a lot. 🙂
We’re BACK! All is well! WEEEEEEEEEEEEEEEEEEEE!
hhhhh
I have a friend in real estate who serves the wealthy to the very wealthy.
He says the market is completely dead in almost every price range. Only one house has sold in the last couple of weeks, and that one for $35 mil.
-DT
Merlin- paging Merlin- please report to the front desk…
sell off at close? end o month hedgie and mutual fund redemptions? Donny looks like you are positioning for it. yea?
Crash? What crash? Come on, down <10% is not a crash, quit being a pussy.
I thought Fly was Jewish? If so, what the phuck is he doing posting today?
Greenlight Capital 1 – Allied CApital 0
Game Over for ALD, David Einhorn wins. After only 5 years.
Here’s what I’ve learned. Stocks are for asswipes. I’m an asswipe because I thought stocks were good vehicles for saving for our retirement, surprize.
Real estate is teh suck, and will be for quite some time.
Window dressing on Sept. 30th = more surprizes next month.
Hope I have the discipline now to stay in cash.
Aren’t Jewish Flys supposed to be home feasting on pig’s knuckles, pig’s balls, and pig’s intestines (chitlins for you city phuckers) on such a holy day?
7 homes and 3 CONDOS, asshole! And my condo in Aspen is bigger than your fucking house. So, eat it.
-Steele
Now you guys are just spreading rumors.
“The Fly” is jewish in spirit only. In real life, he’s in the mafia.
DT
I know several Realtor’s that cater to the so-called “rich” down here in Orange County. I also deal with these knuckle draggers on a regular basis. And what have I learned about the so-called “rich” in Newport Beach & Laguna Beach … a lot of them are living way beyond their means.
I suspect this bullshit has been going on all over the country … fucking Manhattan is going to get crushed. Bank on it.
01:33:49 PM
No positions in stocks mentioned.
Vibes from Minyan Tony “Snoop” Dwyer of FTN Midwest
From 2003 to early this year, my firm was considered one of the most bullish on the street, and for good reason – credit was still flowing openly. This year on Jan 6th we “pulled in our horns” because despite all the actions the Fed took to slow the credit crisis, the credit markets were worsening dramatically. I have always, and will always base my fundamental equity market view on credit because it has been the driver of growth for decades. Since January, we have moved back and forth tactically based on my trusty 14-week stochastic indicator or in one case, the dramatic improvement in credit following the Bear Stearns bailout. Since May, the credit markets are in total distress to a degree the financial world has never seen. I am NOT overstating that and make no mistake, it has led to a run on the banks. As a result, any attempt at the long side move should be brief and be associated with a very tight stop until credit improves and that should take a very long time.
Again, there is a solid history of what happens the day or two after an S&P 500 (SPX) decline like the one yesterday and that suggests a very brief upside trade. The following stat provided by my pal Jason Goepfert of http://www.sentimentrader.com highlights that there have only been two times the SPX has dropped 5% to a new 52-week low – 05/28/62 and 10/19/87. Each was followed by at least a 7% rally over the next few sessions. In both cases there was a sharp rally followed by at least a retest suggesting traders remain very trigger happy. Even if yesterday produced a long-term panic low, we will get another chance to buy near that level.
This is treacherous and the 3 things I wanted to be (even tactically) bullish were/are:
* An oversold condition using my trusty weekly stochastic indicator. Believe it or not, it is not even close to oversold. Remember, prior to yesterday’s crack, the SPX was multiple percent above the recent low.
* The establishment of an RTC like entity that would take the pressure off the banks. The recent attempt by the Treasury Dept. was a solid effort until they opened it up to the public for debate. Even if something is passed now, it will be so watered down by the various regulatory bodies that it will be ineffective.
A massive coordinated global rate cut. Apparently, Trichet and the ECB have missed what is happening here.
* In order to fix this mess in a sustainable way, there needs to be two perception changes. The first is that the global banking system is going to zero. The second is that the global economy is going into a deep and prolonged recession. To accomplish these two perception changes the credit markets need real legislative direction and the ECB needs to massively lower rates. Despite what has been taking place, the ECB has yet to cut rates. Dishing money out to banks in exchange for troubled assets is great in that it hopefully prevents them from going to zero, but you need to stimulate lending and consumption by lowering rates.
The problem is that none of the above three factors we have outlined in the past are working. We adopted a positive tactical position the second the Government announced the $700billion package. That has been moved off the table and even ineffective if put back on the table. My current stance is based on the history of snapback rallies following equity market cracks. On this bounce over the coming couple days, I am going to back off being positive unless some combination of the above three factors come into play.
Bennet Sedacca
12:52:40 PM
No positions in stocks mentioned.
The credit market is still……
Closed and not functioning.
The equity market is rather emotional compared to credit and are on their merry way up today.
Preferred stocks and corporates however, continue to get annihilated.
The window remains shut, except for these pre-arranged equity deals for those like Bank of America (BAC) and JP Morgan Chase (JPM).
The rest of the world? Squat.
And when Mom and Pop retail open their brokerage statements next week to see all their preferreds, equity funds, bond funds, closed end funds, hedge funds, corporate bonds and munis having gotten killed simultaneously, get ready for redemption central.
And fund managers cash balances remain low.
Risks remain high.
I’d be pissed off too if I had sold all my bank stocks yesterday………
Yeah but I sold my Citi in premarket, between 19-20.
i read this blog for a laugh i dont suppose any asshats take this as the real deal.
the fly always wins maybe i don’t know but he sure makes tonnes of bad trades
Sure. How convenient. Beat up on the guy with the broken time machine.
How quickly you fuckers forget.
After a pullback, we rally into the close on BS talk of the bailout getting back on track …
Tomorrow, with the “holiday” over and a full contingent of financial peeps back at their desks wondering what accounted for such an unwarranted rally, the selling ensues and back down we go until Thursday or Friday when the bailout is finally passed.
Plan accordingly …
Not buying into the gold rush yet … fools gold
“The Don” is the man. Steele solved Wachovia’s problem, no?
The dollar iz toast. Got tp?