This rally is going out to all you margin call lovers.
If you think the market will sell off today, you are gravely mistaken. See, the market is going to take the entrails out of bearshitters, tie them to the ground, then proceed to peel off on their fucking faces with monstrous 16 wheelers.
In my opinion, this is not the time to cower. This is when you take advantage of the idiot who sold at the bottom on Friday, who is dying to get back in now.
The buy list is as follows:
Citigroup Inc. [[C]] , Deutsche Bank AG (USA) [[DB]] , The Mosaic Company [[MOS]] , The Procter & Gamble Company [[PG]] , [[M]] , Abercrombie & Fitch Co. Abercrombie & Fitch Co. [[ANF]] , Target Corporation [[TGT]] , National-Oilwell Varco, Inc. [[NOV]] , Smith International, Inc. [[SII]] , Verizon Communications Inc. [[VZ]] , NTT DoCoMo, Inc. (ADR) [[DCM]] , Apple Inc. [[AAPL]] , Hewlett-Packard Company [[HPQ]] , Research In Motion Limited (USA) [[RIMM]] , United States Steel Corporation [[X]], Freeport-McMoRan Copper & Gold Inc. [[FCX]] , Pfizer Inc. [[PFE]] , [[TBT]] and Gilead Sciences, Inc. [[GILD]] .
Now, sometime soon (maybe tomorrow), you’re going to want to raise cash again, since the crisis is not over. However, if you’re into playing momentum, this is as good as it gets.
If you insist on being a pussy, get short treasuries, via [[TBT]] . Should “safe money” continue to exit treasuries, TBT will spike.
Personally, I am going to Wall Street today, in order to smack a few brokers in the face with hot slices of pizza. Those assholes were all panicky and shit last week, which led to the unprecedented collapse of our fine markets.
Top picks: MOS, NOV
UPDATE: I bought 10,000 [[NOV]] @ $26.05.
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I had forgotten how good green numbers look.
Bah…Volume is weak, financials are weakening, this is just a combo of short covering and stupid heads trying to milk the momentum. Nothing to see here….
I had forgotten how nice green numbers look.
Action Alerts Plus Special Report:
I did not say “sell,” I said “smell.”
Now buy back everything you sold at the lows last week!
Up 350 points is hardly tearing the entrails out of bearshitters. Double that number and I’m with you.
PS: I know NOTHING!
Lotsa green…so far. “Developing”…
Like the mix of tech and retail…intrigued by PFE. It to be a hot stock back in the 90’s.
18 Wheeler.
Still no word on the US guaranteeing our country’s interbank lending. Could it be that because many banks are closed today, they will announce it tomorrow to try and milk a second bounce from this awful market?
Thanks for selling Donny!
As always, we couldn’t rally till Donny sold this morning.
20 wheeler!
This will go down as the biggest one day rally, in the history of Wall Street.
Developing…
Fly,
Why is JPM still negative?
http://www.youtube.com/watch?v=bhE4bdoWAAE
GE is down 2% in this rally? Bwahahahaa
JPM and GE were up huge on Friday.
Best and easiest thing to do if we have a big one – just buy SSO, QLD, DDM; sit back and have a hot cuppa.
The fireworks in option expiration week are becoming standard fare.
I would guess the PPT will have a daily flow of “Breaking News” this week to lean against the negative sentiment that has built up.
JPM sucks. fucking dicks. one day for a rally, and they’re fucking up the program.
Anyone know where DevilDog went?
I just found his entrails. For the love of God, I fear a 20 wheeler just peeled off on his face!
I think DevilDog went over to PudFuckers shed to sniff some gas.
I’d start buying SRS as a hedge or as a trade, even around 110 … comm re has a ways to drain … 150 will come again
Fly,
Has the Ag thesis changed in response to the 50% haircut in corn?
OpEx juice will start to come in around Wed-Thu, so I’m expecting the monster moves later in the week. This is just a preview.
Kid:
Of course. I am buying MOS on pure valuation. And, I will trade out of it when I am bored of it.
Rookie shorts will be holding out for a push down to cover.
They will get flame broiled.
I have a repo order for a dodge Viper here.
Has anyone seen Devildog?
Oh GOOD
Pres. Bush will be speaking soon….
Time to sell
Call me crazy but I think we could see Dow 10000 by Friday.
SRS people … SRS
get your SRS … as Todd H likes to say – its a Red Bean in a Green Sea
yea where is Devildog? Dude could you please refrain from polluting this blog with your raw sewerage on weekends. This blog has high standards and Fly wishes to maintain them. It the blog equivalent of the paper of record.
Juice:
I do not think it’s time for SRS,yet. The internals are bananas. We will follow through tomorrow.
I like that J.
JPM will turn today. Look for UYG to press ahead.
Well Bruce, it’s not like banks are going to be “nice” to RE firms now that they’ve been bailed out.
No, they will be vindictive little bitches, more angry than grateful at being yanked back from the oncoming bus at the last minute.
SRS is the only short position I did not cover last week.
_____
Oh Shit Here is W… the new Merlin
Fly is God.
Listen, Follow and Bow to him.
We are prepared whether he says IT-LY or IT-A-LY.
I second the request for thoughts on SRS. Even if equities in general have oversold – medium term the fundamentals that drove the substantial decline in the value of the financial sector do not seemed to be priced into Commercial REITs yet. There may be a better entry point than the price being shown today if the market continues to rally, but it seems that if Commercial real estate lags general equities then the REITS are going to have to pay the piper eventually. Anyone agree that there is still lots of opportunity on SRS over the next 6-12 months? Or do most people believe the credit crunch is already priced in?
Options are like crack cocaine in this market.
For example, I picked up a load of CHK Oct. 17.50’s on Friday.
At $1.20.
Anyone want to gamble on whether it gets frog marched to at least $25 by Friday?
Don’t worry, I just covered half. No BPOE’s in this market.
“There will be bacon.”
________
I hear ya Fly & Jake … I sold 80% of my SRS & am now back up to a decent position. In the face of 5-6% rally, SRS showing something. If for whatever reason this rally falls out of bed (not likely) it will rocket. I think its worth a token position even in the face of a rally, particularly if you are cash heavy.
I like MVIS down here…nice hammer on Friday.
Always the worrier I see crappy action in TXN,BAC,JPM,STI,BBT,USB,HCBK and other mid regional banks.
Perhaps a mid day retreat and test before a move up again?
Where is Leave It to Beaver?
another bank is failing today in Europe, the first in this nation, I’m trying to get my money out now, I’ll let you know when I do. Its this countries first failure, and a big one.
WTF is wrong with UYG? I’m heavy long it at a good entry, and it is doing NOTHING.
I bought back into SRS this morning around 107 after selling early Friday. Agreed Juice, its hovering around even when the market is up 5%… I’m hoping for an SRS rocket late this week/early next week.
Quit looking at SRS; look at IYR and wait for retracement. Discipline is what usually pays.
Those 2X etfs are piles of CRAP. DIA is up 6.5% and DDM (2X DJIA) is up less (5.6%). Loser etfs.
News release from the Bank of Ben and Hank – guarantee inter-bank transfers:
“When the economy crashes, for every $250,000 you lose, we will give you a free toaster.”
Wood, JPM is the biggest position in UYG and it’s down…
http://www.proshares.com/funds/uyg.html?Daily%20Holdings=y
Thanks Rastro. I had just figured that out. JPM looks to be coming off its lows.
Guvmint is in the process of picking winners and losers in the financial sector but it amounts to a zero sum game or worse…
So XLF and UYG will probably not catch fire for a good long while.
And by then-
One Beard Will Rule Them
JPM was up 5 bucks on Friday you greedy bastages. At least it’s holding on to most of that.
GM up 33% – which puts look attractive?
Jake, just for you.
http://www.youtube.com/watch?v=8xTTWHMCXdg
Fucking JPM. Quit screwing my UYG over with your cantakerous old-world banking ways.
Fly,
What’s your target for UYG?
TC – am I Leave It To Beaver you keep referring to?
If so, I prefer the more dignified Leave It In Beaver. Thank you very much.
If not, disregard this message, and I bot aapl w you this am.
That was me.
Chivas,
You gotta have a lot of respect for Ginger Rogers… she did everything Fred Astaire could do… and she did it backwards.
_____
So if ya like Harry Truman, ya gotta respect me, too.
Sorry Fly, I accidentally clicked on one of your ads below, because I thought I could stop the jiggling that way.
_
I’m guessing this will go down as the first trillion-dollar day; the world-wide increase in market cap should be around there somewhere.
and we’ve got it coming, after losing $8+ T in the last year.
hey hey …my my…UYG was left off “the list” by the fly
Nice call on UYG, Fly. And on C too. Your timing was downright…Uncanny.
I seen the Viper and the damage done…
A little Camaro is in ev’ry-one.
D-dawg’s portfolio’s like a settting suuuuuuunnnn.
Lord, Lord, anal damage doooooone….