It’s too late. Insurance and other low end lenders are toasty. I will not be participating in the mindless bullish thesis, following the cheap ass Congressional endorsement of the bailout. They are not really behind it. They will be battle axing the treasury forever, regarding the details of the plan and actions.
“The Fly” is in full recovery mode here, making up for earlier transgressions, making you dumbass fund mangers envious of my stock market Godliness.
Remember to nail a few bad auto players to the “wall of death.” CarMax, Inc [[KMX]] and AutoNation, Inc. [[AN]] look especially doomed right here.
By the way, I do not want my tax dollars going to the California Fat Cats. I understand the Governator needs $7 billion from the U.S. government, or else face potential default. Keep in mind, the whole country is in a mess because of the assholes who speculated in California. I say, let California burn to the ground. Let them secede from the Union and figure out a way to stop homeless men from getting foreclosed on their 750k dollar homes.
Immediately, I implore you, call up your local Congressman and demand they “say no” to the California fat cats. Us Main Streeters should not have to bear the burden of those ricockulous assholes.
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Jealous…
Dumfuks in Congress just gave away $800 billion.
Why would less than 1% of that bother them?
I think you are going to get you SRS 100 much sooner than Halloween. Well done Jefe!
So I assume that…”it’s funny again???”
“Ricockulous”- The Fly is quite a wordsmith!
Each bounce is getting smaller 😀
Fuck you. California is my second home!
How about you make a Youtube vid, imploring people to phone their Congressman? I bet it’d get more play.
-DT
Good to see ricoulous back in the vernacular.
NY “ain’t” far away is it? What about the ridiculous housing speculation there? Why not just watch the state governments collapse in reverse order of the introduction of new “Flip this House” and “Real Housewives of …” tv markets. CA, NY, TX????
Looks like I picked the wrong week to stop sniffing glue.
“Us” Main Streeters? Who’s this “Us”???
California is in trouble because of it’s high tax rates and nutty PC rules and regulations that cost the State a ridiculous amount of money. Business has been fleeing for years and as a result the tax base has been shrinking and yet they love those high taxes. Screw them (except Danny).
SRS has more room to go up because when the ban on short sales is over REITs will be shorted a ton, there is a lot of down side left for the REIT stocks.
TC,
Ahem… NorCal here…
Merlin, pah. I’ll show you how one poof can change your life!
Lol, enjoy
http://www.careerbuilder.com/monk-e-mail/Default.aspx?mid=28182390&cbRecursionCnt=4&cbsid=45e9b61993d24e51b71e45406fb6d98f-276361059-R4-4
LOL, enjoy
http://www.careerbuilder.com/monk-e-mail/Default.aspx?mid=28182390&cbRecursionCnt=4&cbsid=45e9b61993d24e51b71e45406fb6d98f-276361059-R4-4
Fly, you’re fucked.
There’s a time to be short and a time to be long. This is not a time to be short.
I am an embarrassed Californian. What a sorry excuse for a state. Now if you will excuse me I have a CA tax return to fill out before 2PM. (true story) I pay so much fucking tax to those a-holes and our schools and roads look like shit.
Mr. DeMille, I’m ready for my afternoon rate cut.
“Screw them (except Danny and Anton Cigur).”
We did it! We fixed all the problems. Feel free to go “all in”. I will be back later after I finish rubbing Nancy Pelosi’s feet.
Barney “the Maestro”
… and nncoco and any and all other IBCrs.
yes, I am sorry to say I disagree with this post.
The governator should be our pres, and if anything we should do away with the whole detroit/ohio region, not CA. We basically run the country, it just can’t happen.
Nice picture. so, are we bailing out Google?
thanks tc for the concern.
Fly’s struttin ’round his office…just don’t subject us to that Greg Solomon crap, I am not gonna be able to take that
Thank you, TC. If you make more than minimum wage or own real estate, the state gov’t does a great job of screwing us already. Nncoco speaks the truth.
Frank go fuck a goat you homosexual piece of shit.
IT IS ALL YOUR FUCKING FAULT! EVERYTHING! FUCK OFF!
NOV is a tell right here. Watch it close.
“Divesting ourselves” of Detroit sounds like a fine idea. Maybe it’s not too late to redraw the map and make it Canada’s problem. Or “do the right thing” and give it back to the Indians. That should save $7 billion a year, easy.
Unfortunately, NOV speaks in Portuguese.
How come everybody ith picking on me? Becauth I’m gay? Thath not fair.
Sitting on the 6th tee at Torrey Pines as we speak, the 3 guys in my group have spent the front nine talking about how the implosion of this great land will start here. I’ve never been more concerned for the country, reckless spending at the tax payers expense. I will take 18 on #2 over this goat track any day. Nice views though..
Citigroup put its balance sheet at risk providing liquidity to WB without a signed merger agreement.
Bye Bye Vikram. You’re done.
Cigur, what are you talking about getting screwed if you “own real estate”?
You should qualify that. You are getting screwed if you bought your real estate in the recent past. Thanks to Prop 13, real estate taxes are a pittance for a long-time property holder.
Prop 13 made sense for about 5 years. Since then, it is a distortion of the real estate and state finances that has been growing for several decades. Among the problems it causes:
–it puts new businesses at a disadvantage versus established businesses
–it encourages local governments to zone for commercial use rather than for residential use (contributing to sprawl and the need for massive investment in roads)
–it means that neighbors with identical homes can have tax bills that differ by 500+%
–it made local funding for schools impossible, so that school funding is now highly dependent on the state (part of the reason for the high income tax rates) and gets caught up in all the crazy state budget rules and politics.
C looking very weak into the close…not good IMO
Cheesefries,
Maybe our great country would be in better shape if you and your three slacker friends put in a full day’s work on Friday.
Joking. Torrey Pines is the best. And it’s a municipal (or is it state park?) course!
Movin’ on down!
Anton,
Apologies, I’ve been busy “doin’ deals” all afternoon (and thank the gods, this is a good one), so I missed your query about Skiffles.
I sold 2/3rds of my Skiffles at the close yesterday, along with 1/4 of my QID and 1/2 of my EEV and FXP’s respectively.
Holding the rest for now, perhaps to add…
___
” Let them secede from the Union and figure out a way to stop homeless men from getting foreclosed on their 750k dollar homes.”
🙂
So are we about to unleash the “Bears from Hell”?
I couldn’t agree more about annexing Detroit to Canada.
Relax, ott. The income and RE taxes in this state are fucked. We pay a premium for inferior roads, services, public schools and a deteriorating university system. The schools and universities were a big selling point for staying here and the engine behind the tech boom here. Now you’d be crazy to enroll a kid in most of the schools unless you’re trying to teach him how to shoot.
There is a complete liquidation of CHK going on. This move is so overdone its crazy. If you are looking for an energy play in the NatGas space look for 28ish level to get long CHK. Its come down from 70+ to 29 in 3 months, thats more overdone than I have seen in awhile in this name.
Everybody I know – both shorts and longs – has their finger on the trigger and does not have a clue which way this thing is gonna blow.
For a Fucknutz Fisherman, you’re having a great week. Many of them held since $60 as I recall.
No thanks, we have two Detroits already.
Canada,
What if we throw in Reno and a Donald Trump ultra classy condo/hotel/resort to be named later? And Warren Sapp.
Yes, that was me with the Sean Penn boat.
I am contemplating adding some here… getting crushed on WNR/TSO/RIG/GG yipes.
—
Here comes the selloff, watch out you bailout bitches!
Commies are bad, n’K?
Nice coin with those Skiffles, Jake. I dumped almost everything but my short etfs at the turn today. Set too tight a stop under fxp, tho, and it’s since bounced $5.
The charts for the last couple weeks look Crispin Glover’s EEG.
Off to hit a couple buckets of balls off the roof into traffic.
Have a great weekend to all.
Donny buys TRV @ 40.36
SRS Long and Strong! Gunna to print 3 digits soon.
Thanks for calling the turn, Fly.
Let us know when the PPT is up and ready.
Two words – FLY WINS!
The market is almost a buy, in my guestimation for a bullshit bear rally of 10-25%
I’ll be all over shit if we hit SPX 1050ish
I’m buying small right now against short comm re stocks & other assorted shorts … TWM
Finally got short SMN!
Good idea Cubs .. however, I can’t get a borrow 🙁
Whats the inverse etf of SMN?
Four words – The Fly is God.
So what did NOV tell you into the close Senor Fly?
Robert Kiyosaki is to blame! Him and his “Rich Dad…” books started this whole “flip-it” trend!
It told me Bob Steel is a legend and the market sucks.
You needed NOV to tell you that????!
Loving the deserved carnage in Comm Re stocks
MAC
DDR
ELS
SPG
VNO
ARE
TCO
SRS should be at 150 … that vehicle sucks ballz, even though it was up nicely today
Bull:
Yes.
NOV was controlling the entire market today. Everyday a new stock controls the market.
Sorry, you’re not part of the club.
I can’t wait for the PPT so I won’t get bitch slapped when I ask how do I become a club member?
UYM is inverse of SMN
what a crazy fucking week. i wish i’d been able to participate.
there’s clearly a lot of distressed selling going on, and i bet there’s a great technical bounce in the not too distant future. stuff like NOV or FCX could catch 10pts in a session or two. tough to get the timing right.
Personally, I can’t wait for the asshole New Yorkers that created this mess to get what they deserve. Short SMN today. Long MON.
You are such a hypocrite, Fly. You’re reminding me more and more like Cramer. First, you said many time (and I quote) “fuck main street”, are for the bailout bill and want to save the wall street fat thieves. Now you are against the bailout and the “fat cats” and for main street. You’re more emo than mother market herself. I laughed when you went bullish… that was comical.
Wall street is going down. This bill did nothing for the situation we are in. It made things worse and the market will be punished.
Long commodities, short almost everything else.
it’s called sarcasm idiot.
Sarcasm is one element of humor and wit that requires a modicum of intelligence to understand.
Everything is a joke, then, eh? ahaha That was great! You just always think you are right, that’s all. Narcissistic. Cocky. Hypocritical. Adamant. But, never wrong. That’s the fly…
Anton, Danny et al,
If I am going to do poverty, I would prefer sunny warm California.
Soothing like ‘I’m back in baby’s arms”.
Just a thought.
Careful, LoserFly!
“Narcissistic. Cocky. Hypocritical. Adamant. But never wrong.”
The Fly might just put that in his next banner!