Enough of being nice to you trailer park idiots. Enough of the white robe, with Greek refreshments and Roman incense. “The Fly” is back in his fucking fox hole, with a full beard, knifing people in the scrotum, who happen to come his way.
I have had my fill of this stupid market, with its never ending crashes, followed up with incessant government intervention.
The whole world is fucked sideways and I’m here trying to catch a dip. Fuck me with a hacksaw!
Fuck Argentina, Iceland, Hungary and whoever else is doomed.
All I know is, I bought [[SKF]] late in the day, and I’m still up 10 points. My commodity plays have been eliminated from existence, in one day. And, my other gay longs, like [[M]] are blowing goats at the local, recently foreclosed on, gas station.
The decadence of yesterday is over. All of the homos who surf the web for information, will get electrocuted by faulty wiring, by the soon to be bankrupt telecom or cable provider.
All of you asshole hedge fund managers deserve to be eaten by hungry jelly fish. If it were up to me, I’d take the whole lot of you and throw you, if I may be so bold, into a large bucket of jelly fish.
In closing, may the world blow up and disintegrate into atoms. There is nothing to like about this tape; you might as well short it all.
NOTE: If any of you assholes say “hey, the Fly capitulated, time to buy,” I will kill you.
If you enjoy the content at iBankCoin, please follow us on Twitter
Bennet Sedacca
02:26:42 PM
No positions in stocks mentioned.
Who says history doesn’t repeat?
I put together a chart that shows the parabolic rises and subsequent bubble bursting of 4 major assets over just the past 8 years:
The NDX (Nasdaq 100), Homies (S & P Homebuilder Composite), China (the Shenzen Index) and last but not least, crude oil.
Deflation is likely upon us.
http://admin.minyanville.com/assets/FCK_Aug2007/File/A1.%20T.woo/1g%20bub.jpg
Jelly Fish! Classic.
hey, the Fly capitulated, time to buy
IBNK – IBankcoin.com, Inc. (NASDAQ)
Google Finance Yahoo Finance MSN Money AOL Finance CNN Money Reuters
3.75 -0.07 (-1.83%) Oct 22 3:35pm ET
Open: 3.78
High: 3.91
Low: 3.75
Volume: 73,450
Avg Vol: 250,000
Mkt Cap: 114.31M
Disclaimer – Fly holds 20m shares.
You know what they say, Fly. It’s always darkest before the dawn, which is when you are escorted to the gallows. And every cloud has a silver lining, which causes catastrophic engine failure when your airplane encounters it.
UYG:
Clever.
This market is fucking clown crashing into the close.
This is one scary fucking movie.
SDP…CHOO…CHOO! Tried to tell ya. OK I’ll make all the money. I hear the train a comin i’ts comin down the track…I’m going make a ton of money as stupid utility stocks crack…CHOO…CHOO. Hey BOOMER you on board?
Oh yeah…AAPL…DIVE…DIVE…
I capitulated in my head… I’m too stupid to actually unload.
I am up 15 points on my SKF trade.
Absurd.
SKF is verical – anyone gonna sell it before the close?
There is 875. MOS looks like a value here.
that was some good old fashioned panic right there
We need a iBankCoin blog post sentiment & polarity index.
“iBankCoin good vibes up 15% as positive affirmation statements including ‘all yee suckaz, and blow to pwn..’..” then later as the market tumbles
“There was a mass finger pointing riot today as iBankCoin vibes fell 40% in overheard shouting, the FU sentiment index shot up 77% with imagery of pandas on fire, use of CAPS and quick hit slurs… rumor has it the White Robe is up for sale on eBay.. more at 11”
you are out of ALL of your commodities?
bitches pushing it to hell.
Yes, overnight redemptions overnight will provide nice entries tomorrow…
your out of all commodities?
I got a friend in the chemical biz … he’s telling me how oversold a few of his faves are with high barriers to entry …
tell me what isn’t oversold!?
I sold some ACI.
Going down , Titanic style, in NOV and MOS.
blew them out am.100% cash
my trailors bad ass,beer and cable….life is good
Fly,
You shouldn’t be trading. You are too emotionally involved with the movements of the market, and it’s cutting years off your life. It’s not worth it.
MOS oversold condition is fucking crazy at this point. Its either going to zero or 60. I just initiated my 2nd buy of 4 blocks. My cost basis is 34.0775 at this point.
Thanks, again, for SKF, Fly.
In at 143, put a stop in at 151, because I got stuff to do and, fuck, that was just way too easy.
bought some UYG here
idjit
Fly,
have u sold out NOV and MOS? that must be scary… Nothing seems to pull them out of the woods.
SnP tested 875 and bounced, according to the trendline that Ragin pointed out this could be a potential buy level. If that fails well back to the lows and typical fuckery.
Fuck you. This is my job.
Juice:
Look at DOW. They increased prices a number of times due to oil prices and now with oil going to $0 their imput cost is nil. Great dividend, great balance sheet and dirt cheap valuation. Trading at 13x free cash flow are you kidding?
NOV and MOS are too cheap to sell.
UYG @ 8.50
This is the Raptor speaking:
I think we’re close to a medium-term low, between 800-900 in SPX. I’ll start buying tomorrow and onwards. I can’t remember the last time I’ve had any real long equity exposure on but here goes. Needless to say my JPY and CHF positions are being closed soon.
Gentlemen, this bear market will go on for years and so anybody who hasn’t made money/a living by trading during the last 18 months should simply quit and let the professionals manage your money. By this, I don’t mean the “buy-and-hold” crowd, I hope that entire industry dies a painful death soon.
Have a pleasant evening.
It’s getting better… the DOW down ONLY 500 pts here….
effin redonkulous.
Hey bulltards, S&P 875 will not hold. If you buy here you better scalp and go SHORT. We are at least going to the 10/10 LOW and a high probability we go lower. It will be interesting to see if the mainstream media reports on the S&P emails tonight. If they do a lot of 401Ks are going to go to cash. Wonder if our corrupt government muzzles them as usual. Gonna be hell tomorrow if it’s on World News tonight. Write it down.
My SKF just turned back into money.
Thanks, honey, that was fun. I’ll call you.
I promise.
Devil,
That is the first thing you’ve posted of value. Just wanted to give you props.
haha, this isn’t even panic yet, assholes. there’s no “ohmygod we’re all going to die!!111”
I will print money and buy futures! MWU HA HA! Take that bitches!
Props to DevilDog.
Every Dog really does have his day.
Devil already has props, which I gave to him 1 minute before you. How many props does a man need?
Well Boys and girls, that was fucking ugly. But the sun will rise tomorrow.
Whaaa? What happened?
Sorry I was late, but the bullshit sell off did reverse with buyers into the close.
Hey, I wonder if any well-known stocks were green today? Anybody? Can anybody think of one? Come on, don’t be shy.
Steve, you only closed in the green b/c you’ve been guzzling ensures and above ground.
I was up 52% today!!
DSB,
Props overbought. Time to short props.
Mission accomplished for the bear market rally, to suck in all the gaily suckable, reallocate more of their portfolio to margin calls, and transfer the proceeds to those who can tell the difference between a bottom and a bear rally.
Off to pick a fight. I need the exercise.
Good to see THE RAPTOR back.
Now where is Calvino?
Later.
If you have a healthy pancreas and don’t use Windows, I need to see you in my office around lunchtime. Bring ketchup.
AMZN -15% AH…Bezos punts…how predictable
MERLIN: POOF! FLY’s BALL IS GONE…AKA… CAPITULATED…Time to buy!
I like how “The Raptor” writes “This is the Raptor speaking”, immediately below where it reads “Raptor Says”. That guy is really on the ball.
No worries, Steve.
Got a couple of kids working on a new “Pay-n-cre-a$$” app for the iPhone
out in my garage.
Balmer has already offered me all the Yahoo money if I don’t give it to you, BTW.
The rally monkey kicked me in the balls, took my wallet, transferred the tiny balance of my remaining positions to the WSPA, raped my wife, shot my dog, pissed all over my trading station, stole my car, and flipped me the bird while leaving the scene of the fuckery.
FUCK THE RALLY MONKEY. HIS ASS IS MINE.
Eye used to No.
Now why does the piece below remind me of Wall Street?
Damien Carrick: Tell me about some of these short cons that the Australian people that you’ve spoken to engage in.
Nicholas Johnson: Sure. My all-time favourite one only makes the con artist a few dollars every time he does it, but I absolutely love it. These guys used to go door-to-door in the 1970s selling lightbulbs and they would offer to replace every single lightbulb in your house, so all your old lightbulbs would be replaced with a brand new lightbulb, and it would cost you, say $5, so a fraction of the cost of what new lightbulbs would cost. So the man comes in, he replaces each lightbulb, every single one in the house, and does it, you can check, and they all work, and then he takes all the lightbulbs that he’s just taken from the person’s house, goes next door and then sells them the same lightbulbs again. So it’s really just moving lightbulbs from one house to another and charging people a fee to do it.
http://www.abc.net.au/rn/lawreport/stories/2008/2376933.htm
Somebody else’s light bulb just went on above my head.
Bought more at the close.
Here’s the secret: in my mind, my brokerage accounts are worth zero. I don’t care if we go down 99% from here, that 1% is found fucking money.
I’m going down with the ship.
Thanks ANTON & DSB. We haven’t seen capitulation yet. Going lower. Got the predictable 875 bounce so now we can gap open back down to 875 in the morning and BEAR trap the stupid cows that bought the bounce into the close. Down BIG tomorrow and Friday is my call. Today was day 1 of three black crows. Write it down. Off to count my mega dollars and drink some rich man’s whiskey. Can’t wait to see NBC NEWS tonight. There are going to be a lot of pissed off 401K formerly middle class Americans that are going to be SUPER DUPER DUPER pissed off when they see those S&P emails. FUCK! I can’t wait to see executed wall streeters laying dead on the streets. Wouldn’t it be cool to see that lying, cheating scumbag paulson impaled on the BULL at the NYSE. I dream happy dreams can’t I? Odd no?
Anyone else intrigued by the fact that the VIX can’t close above 70?
Art Cashen-out won’t be happy until the DOW re-tests it’s lows of near 7800.
I think I’m starting too grow MOS-S on my balls.
CNBC told me there are “too many unknown factors” out there for me to value equities right now.
Buy more MOS, it’s friggin’ cheap.
Fuck the market, and continue to buy this bitch. Economic fear is at a 5 year high right now – it’s time to get greedy.
Fly: what are your thoughts on the dollar. i know we are just printing money hand over fist but the chart is hard to not get bullish on.
Economic fear is at a 5 year high right now – it’s time to get greedy.
But Charlie, that’s not a good thing, considering the FACT that this is the worst economic crisis of our lifetime. If you’re bullish and looking for a bottom, you want “economic fear” to be at the highest level since The Great Depression.
Understand?
Hacksaws, going cheap, like MOS shares.
Futher proof today (is any more needed) that Mr Fly doesn’t quite grasp markets…you know, sellers outnumber buyers, prices fall. Simple really.
Odd no?
I was following you, then you turned around and kicked me in the cajones before I could act.
Steven P. Jobs Says:
Hey, I wonder if any well-known stocks were green today?
mr. jobs–
was it GILD you were thinking of?
drugs are good. in times like these.
1 Handle on Copper. It’s been a while since we’ve seen that.
Anyone who doesn’t yet accept a drastic China slowdown is not paying attention.
What are the chances of falling under a buck?
You’re bringin me down devildog – going over to Denninger’s website to cheer up.
Donny – so you don’t recommend getting long at this time?
I got blown up too.
Sucks. Tough day.
-DT
DEVILDOG, Nice work.
Charlie … I don’t know where the bottom is. DO NOT buy a large position with the intent to hold at these levels, believing this is capitulation or a bottom in the stock market.
My suggestion is this … if you want to get bullish, divide your cash into about 8 parts, then buy long ETFs every 6 to 8 weeks.
DevilDog, Bow WOW.
Look out below. Cows buying before the close is not capitulation. Too much bullishness out there. Gonna be a lot of fresh hamburger tomorrow and Friday. Write it down.
SDP to a min of $142. Coiled like a mother fucker and ready to explode to the upside. My BEST BUY of the day!
Anybody heard from JJ lately?
100% of his retirement in SWC. Ouch. So much for the platinum “supercycle”.
Guess he could always sell some of that tellurium he keeps in the closet.
Thanks yogi & canuck!
Got the predictable 875 bounce so now we can gap open back down to 875 in the morning and BEAR trap the stupid cows that bought the bounce into the close.
Should we be concerned that Deviled Eggs doesn’t know the definition of “bear trap” (or “bull trap” for that matter)?
Note to the homies, we still have lower highs building here, if we can hold them.
________
_______
Cheer up Ray Ray you can still go SHORT and bank some coin over the next 2 days. We may make an intermediate bottom on Friday and retest Tuesday. Then we get a slow climb up thru April – May based on the bullshit hyped again 2nd half this time ’09 recovery and the market looks forward…blah…blah…blah BS. Won’t happen because we are going to have a multi-year DEPRESSION not a pussy recession. Then we head down to new lows. I’m looking for minimum of DOW 4000 and possibly 1500 by 2015. Write it down. I’m tired of stating the obvious over and over. If you don’t wise up here you deserve what you get…MOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
I meant BEAR trap as in that is who set it. I express things from my strategic and tacticle perspective. Technically, you’re correct it was a BULL/COW herd trap.
Ducati,
Please review the following article in regards to your silver bullet CDS exchange that is death become us.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2pK9HrK58_Y&refer=home
You’re going to take advice from a guy who can’t spell tactical?
By the way we could see a nice rally out of this descending triangle. I would look to get long on a Wave 2 confirmation from morning lod.
When I go hunting, I set a HUNTER trap, because, afterall, I set the trap and I’m the hunter. Duh, Jake. Kapiche?
Before going into the abyss.
NOV – is screwed because offshore nat gas drilling is going to be un-attractive for some time. There is so much onshore nat gas in the U.S. and in Quatar… the demand for rigs is going to fall off.
NOV’s backlog is not audited.
Very shortly we’ll have an oversupply of rigs beacause of the existing rigs that are no longer needed and the new builds coming to market.
Customers could even go under because high cost nat gas producers like WTI and HLX are worthless right now.
As for MOS
With the exception of there potash exposure they have very little edge… everything they sell can have it’s margins pancaked by a fall in marginal demand.
If you’re open to new long ideas I think the domestic onshore nat gas plays are the way to play commodities… the supply and demand picture is completely transparent unlike OIL. Additionally these nat gas guys are pulling the plug on new production which will help them put a bottom in the price…. and these guys are serious about pulling the plug.
Sorry if I’ve been a bit of a ass – but I’m losing some money just like everyone else… I rarely have more shorts than longs… but I do keep some shorts at all times.
I think your blog is a great read. I’d prefer not to see a train wreck if it means the blogging would stop.
GE – dog meat too – nobody understands GE … not even the people that work there. It’s like owning the economy … wouldn’t touch it.
Dex — so you like my “CHK into cash” then?
\
_________
my my hey hey…bought UAUA and SRS yesterday and went golfing today…talk about making money the easy way..just like taking candy from babies..you so called pros on this board are all a bunch of babies…wahhhhhh
All of you asshole hedge fund managers deserve to be eaten by hungry jelly fish. If it were up to me, I’d take the whole lot of you and throw you, if I may be so bold, into a large bucket of jelly fish…
a large **scum** bucket of jellyfish perhaps?
Holy shit, has anyone been paying attention to the price of platinum recently?
It’s under $900… off of highs that were over $2000, if I recall correctly…
Shit, this sucker could undercut gold soon! Amazing!
_______
Old Beardy senses a major clusterfuck coming soon, but a McCain victory will lead to a 1400 point gain, so start campaigning if you want a pop.
Otherwise, read the DD above, for he may have seen the future regardless of who wins in November.
Very short term, trading URE could be good for the nimble…and brush up on my Manifesto. It could be useful for party chatter and
such
Ponder this:
The dollar is rising because America is still the safest place on the globe to protect your fucking money. This despite a national debt that is ballooning out of control, and the US Citizen that is taxed to the fucking grave.
Gold is declining because the world is NOT going to have another depression, and inflation is a joke.
Peter Schiff and the Bow Tie Man are WRONG about inflation. They are WRONG about emerging markets. And they are WRONG about the Chi-Coms. They are WRONG about the fucking US Dollar. Both of these Asshats have lost egregious sums of coin since this fuckery started.
What we are witnessing is massive amounts of liquidity being mopped up. It took 2 decades to create this fucking orgy of debt, and it’s being removed this year.
We are going to see a further retraction in real estate prices, which still exceed their fundamental values on both coast.
Lets be clear here … America is NOT dead, and in much better condition than the BRICs, the Fucking Frogs, Tea Bags, former NAZIs and any banana republic on the globe.
DevilDouche.
Shut up, youre so fuckin annoying. You sit around and post total bullshit all day long. Do you have any firends? Maybe a life? You should start your own blog.
Or kill yourself.
you’ll feel better upon further reflection
http://www.minneapolisfed.org/research/WP/WP666.pdf
we may be going lower, but markets are irrational by def
IM CALLING A BOTTOM! I figure if no one else is going to call it, I might as well.
“The dollar is rising because America is still the safest place on the globe to protect your fucking money…”
Donny’s post should be memorized by school children and said verbatim along with the Pledge every morning.
80/20:
I’d feel better if that piece wasn’t “Working Paper 666.”
I bet Fly’s going to go pick a fight with his clients/boss. The ones that forced him to trade this market even though he thought the wisest position was to be in all cash until it settled a bit, resting on his egregious 60% gains at the time. There was a similar scenario in one of the Market Wizards books. It’s an unfortunate scenario.
Good luck to ya’ Fly.
The Fast Money Dillon Ratigan fucker just made an excellent point.
Tomorrow testifying in front of the retards in Washington:
(A) Alan “Asshat” Greenspan ~ This is the fucker that gave us 1% after 9/11, and told everybody to re-fi their 30 mortgage into an ARM. The Queen Knighted this fuckface.
(B) Christopher “DumbFuck” Cox ~ This is the motherfucker that approved 40 to 1 leverage to the Wall Street Banks.
(C) Henry “CockSucker” Paulson ~ This is the cockroach who lobbied Christopher “DumbFuck” Cox to allow the Wall Street Banks to lever up 40 to 1.
What the fuck is going on here … give them a trail, then … (You know the rest)!
I feel better now. 🙂
Its the bottom for today.What about tomorrow?My thoughts are fuck trying to find the bottoms and just buy so cheap it will make a Jew blush.
This leg down, methinks, unfortunately, is when the market will really scare the crap out of people.
crude_oil – are you a racist?
Enough with the racist remarks about Jewsish people or anyone else for that matter.
Shalom.
or jsut fuck off
hey, the Fly capitulated, time to buy
I enjoy reading this blog; and occasionally taking a few trades should I choose so.
What is with the vicius attacks on The Fly today? If you do not agree with his ideas/trades go fuck an armadillo! People who appreciate his postings do not give a flying fuck what you think of his postings. If you have something of value to contribute say so; otherwise do not litter the blog and just STFU!
[Working Paper 666]
Wait’ll ya see WP 1618, Anton!
~ DWTWSBTWOTL ~
Hi Ho, Hi Ho its down to the lows we go!
Now is the time to get bullish. Yeah right kiss my ass. But Mr. T Moe didn’t you see that bounce at the end of the day?
Yes, that was all the pikers setting themselves up like a Vegas whore. Because come tomorrow they are going to get fucked
Armadillo,
here’s something useful
load up on SPY in the morning then get some KY and get ready because you will get fucked
Karl Marx – let me get this straight. Americans’ IRAs and 401Ks are down Trillions this past month in the stock market, and you think that they will be voting for McCain? Son, where the fuck were you when God passed out the brains? Obviously you weren’t in line at the time.
Obama, Democrats will kick some serious ass after Joe and Julie America open up their October retirement account statements.
FUCK FUCK FUCK THIS ASSHAT MARKET
hey MOE,
I am in cash, but here is the summary of my post translated for third class assholes like you: Go fuck an armadillo! Hope it helps.
To those I irritate…you can’t handle the truth…tuff shit. Go cry to your mommy. Fact is I made a ton of cash today and will tomorrow and Friday too. I’ll be taking your stupid cow money as your too stupid and, ergo, don’t deserve it.
A little past/future history for you:
Why hasn’t the greatest nation on Earth yet placed one slab of concrete to replace the Twin Towers after 7 years? That great symbol of free market capitalism. Answer: Because there really is no free market. Because it is a fake economy in the USA. Because the government and private sector have no REAL money to do it with. All of the above. Hint: Until you see them digging footers in that hole it will not be safe to buy stocks. When will that happen? Maybe in the next decade. Maybe never. You get the picture now?
Best Buy tip: SDP. Why? Utilities follow commodities lower. Utilities are thought by the herd to be safe due to dividends. They aren’t. Utilities are the greatest users of debt after the fucked up assholes in the financial sector. Guess what? No more credit available. Guess what? They will slash dividends to free up cash flow. Guess what? Power generation demand will decrease due to the Depression. Guess what earnings will be shit compared to their outstanding debt. Guess what? Their stocks will drop a lot further. Take a look at the SDP chart and tell me that is not SUPER BULLISH. Thank me when you make a ton of cash on SDP. I’m really a nice DEVILDOG. Semper Fi to true Americans…not the scumbag elitists 1%er parasites running the country.
I love youtube. No media fuckery
http://www.youtube.com/watch?v=pLjo7-J1qho
NTDOY
Anyone watching Nintendo?
Gold is declining because the world is NOT going to have another depression, and inflation is a joke.
Actually, deflationary activity (like gold dropping) are indicators of recession/depression.
__________
I pretty much agree with everything else you said, however. We are fucked, but on a relative basis, in better shape structurally, than most everyone else.
That could change with the coming Socialism, of course.
_______
“Bush is to the left of me now,” Chavez told an audience of international intellectuals debating the benefits of socialism.
“Comrade” Bush announced he will buy shares in private banks.”
Let me get this straight. Chavez, who knows ALL about socialism and being a leftist says Bush is “more leftist” than he… Jim Rogers called the US “more communist than china”. Price fixing was at an all time high during the great depression.
More government regulation than we’ve EVER had…
Now people want someone MORE liberal?
We have A) McCain: was “too liberal” for the nomination in 2000.
or B) The most liberal senator who wants to raise taxes in a severe recession.
WOW, what a great fucking country we live in!
BOHICA, Hugo, BOHICA!
__
Yes, DEVILDOG, the builders and politicians around the Twin Towers project are watching the stock market for their cue to start building.
But wait, what is this…could it be…it isn’t, is it? The core of the new building??
http://cityroom.blogs.nytimes.com/2008/10/20/phantom-freedom-tower-now-visible-to-all/
Way to step up another rung on the douche ladder, DD.
DEVILDOG is GOD.
Actually his name should be spelt backwards – GODLIVED or God Lives. Devildog is not human. He’s a deity. He’s called this market to perfection.
Low 7000s on the Dow by next week.
I got crucified in NOVember
Cap, you are a douche
i guess the bulltards didn’t get the 10/20 TNX telegraph. But what do I know, I’m just a third tier blogger.
Honestly wtf is wrong with all you assholes (Dog) saying everyone is too bullish. I don’t know if you’ve been paying attention to recent events but shit is getting smoked to the tune of 30% A DAY, day after fucking day. Not Webvan or Broadcast.com or that sock puppet fucking company but real cash generating businesses. The VIX is up fucking 80 fold off of the lows, newsletter bullishness is at 20% and the put call went fucking nuts today. This is liquidation pure and simple, the stage where fucking reality gets thrown out the window due to margin calls. At some point soon it will end. Any asshole betting on a crash may be right, but its the low percentage trade. And I guarantee that there will be a point where stocks cease going down on bad news and all you fucking bearshitters will cry your eyes out over how the market isnt fair how is this shit going up we are all going to die why arent we at dow 500. Enjoy it whilst it lasts, i love to short as much as the next guy but this is America fuckers and I dont bet the 2% trade. Pick your spots, buy quality co’s with solid cashflow and keep your powder dry.
Fuck you sevildog . Go eat shit. DevilDog has called this market to perfection. Investors have lost ALL confidence in the market. Hence we go lower. Its not a matter of sellers exhausting. Its a matter of buyers stepping up to the plate. There are no buyers. People are in cash ‘cos they have no confidence. There is too much uncertainty. Therefore we continue moving downwards with the occasional rally.
The best thing that could happen right now is if Paulson , Bernanke and Bush all resigned tomorrow. That would spark a 2000 point Dow rally. The market has no confidence in these 3 idiots. Instead of admitting that there could be trouble with the economy and the financial sector last year ( when all the evidence pointed to it), they continued lying to everyone with their usual ‘ The American economy is very strong’ ‘Subprime is contained’ ‘There is no risk of a recession’ and other bullshit.
Enough of the rants. Check AMZN out. I was short from the 60s from last spring, built my short up into the 70s and 80s and nearly puked when it hit $100. Watching it in the low $40s brings tear to my eyes ( though I covered half in the 60s). Its all about patience ‘cos ultimately all consumer discretionary companies are fuct.
Jake … for the last 12-24 months, I’ve been watching and reading asshats predictions about Gold and the US dollar. These are the same doomsayers that indicated we’re going to have a global depression. I’ve heard it all … the “dollar to pennies”, and “gold to $5,000”. Now that the shit is finally hitting the fan, the complete opposite is happening.
I want to throw some shit up against the wall to see if it sticks … Gold to $100, fucking crude to $500.
Devil Dipstick: here’s a whole damn website for you to “keep apprised” of the the construction of the Freedom Tower.
Wander the world in ignorance no longer, my son.
____
DPeezy, I stand corrected, however, it’s just a core that is 13 feet above ground level after 7 years. What a great accomplishment for the greatest nation on Earth. I say it goes no where over the next 10 years and may NEVER be completed.
Eye no,
I’m saying IF you want a pop then do all you can to get in McHanoi Hilton. There will likely be a relief rally with Comrade Obama, but it will quickly go to shit when the rich sell in advance of higher income and capital gains taxes.
Oh wait…
What income?
What gains?
Carry on!!
ONE BEARD TO RULE THEM
Donny, here’s the thing — in inflationary markets (like when the Fed is printing dollars to stave off the deflation we’re experiencing now), gold appreciates. In DE-flationary markets (you’re in one), gold gets wacked along with other commodities (though, not as much if you notice it up against say, copper and oil and platinum).
Here’s my thesis — the Fed (and the gummint) would MUCH rather see inflation than it’s horribly stunted, pigfaced sister, deflation, as deflation, like “Fear” is the mindkiller and the economy killer.
We get it from massive debt destruction like you are seeing right now.
Not… gonna … have it. They will print like madmen first, and turn the dollar into a Weimer Bux (TM — Jake Joliet) before they will allow killer deflation. Hence, the argument to — slowly — accumulate gold and maybe some silver here.
Also, as to this:
I want to throw some shit up against the wall to see if it sticks … Gold to $100, fucking crude to $500.
If Oil goes to $500, it’s because the inflation fire has been lit and is raging. Gold will be $3,000-5,000 an oz at that point.
Okay … you guys are fucking encouraging suicide.
Satan Hound, stop instigating them, we’re NOT going to have a fucking depression. The Smartest economist on earth, confirms it right here:
http://www.youtube.com/watch?v=5rNfHmcR2xI&eurl
Jake … we’re NOT going to become socialist.
BTW, now that I know it’s named the Freedom Tower I spit on it. There is no freedom in America. Until the elitist 1%er scumballs are dead in the streets the Freedom Tower will never rise. Write it down.
Even if ALL the construction in the whole wide USA stops (which would truly be armageddon), the ‘Freedom Tower’ will still go up.
Even in Dubai, shit takes about 5 years to build. Latest projections put the Freedom Tower at 2013, which would make it 7 years total build time.
Jake … I know this is a deflationary period, and I know it’s unhealthy for the economy.
BTW … “Gold to $100, fucking crude to $500.” JOKE, just a funny joke.
Donny, the smartest economists on Earth are the dumbest assholes of them all. They are the same ones that say we aren’t in a recession. They live in the classrooom and never had a real job in their lives. They are the worst at predicting the economic future. They are a bunch of ass clowns. They were the ones in college that couldn’t get laid if their life depended on it when pussy fell from the skies in the ’70s. I know I got hit by a lot. They are people like greenspan and bernanke. They are introverted idiots that don’t know shit about the real world. If you want to buy stocks based on their theorital bullshit go ahead.
Go Rays!!
Satan Hound … STOP ASSUMING. You equate Roubini to “the dumbest assholes of them all”. That’s funny.
There is a real Freedom Tower and it already exists. It is in Miami. Hundreds of thousands of Cubans escaped Castro and most of these people risked their lives and left family to escape. Many died. I grew up in Miami and still have a few Cuban friends in Miami and the first few waves of refugees have contributed greatly to Miami and the USA. Most love this country more than some of the natives.
http://en.wikipedia.org/wiki/Freedom_Tower_(Miami)
?????????
Fly your fucking blog can’t display Chinese characters, what kind of low end shit is this. This sir is unacceptable!
Here’s the problem i’m trying to grapple with.
The will have to borrow US$2 trillion over the next 12 months. How the fuck does that happen without major dislocation in the credit markets and crowding out the banks?
If they print it the market will repudiate that by sending long term rates to 10-15% and trash the dollar.
Still in DIG Donny?
T. Boone is fricked.
http://www.newsok.com/osu-projects-affected-by-donors-losses/article/3314351
“Margin call, gentlemen.”
“Why you can’t expect…”
“You know the rules: All accounts to be settled at the end of the day’s trading, without exception.”
“You know perfectly well we don’t have 300 million dollars in cash!”
“I’m sorry, boys. Put the T. Boone’s seats on the exchange up for sale at once. Seize all assets of Pickens Commodity Brokers, as well as all personal holdings of T Boone and Oklahoma State Athletics.”
“We’re ruined!”
“This is an outrage! I demand an investigation!”
“You can’t sell our seats! A Pickens has been on this exchange since it was founded!
“We founded this exchange! It’s ours! It belongs to us!” (collapses)
“We’d better call your brother an ambulance.”
“Frick him! I want trading reopened, right now! Get those brokers back in here! Turn those machines back on! Turn those machines back on!”
Can we all agree that Krudlow is Asshat of the Decade?
To the Fly;
The Time Patrol has been advised by Council of Eternals that the time machine which you illegally acquired in CY2007 should be returned to you in the interests of space-time comtinuum research. This will be done shortly.
Four adjacent continua are experiencing metldowns and will serve as project controls It is up to you to provide a suitable chrono-branchpoint.
Note: The Time Patrol is not allowed to trade in equities in this Reality but that is subject to retroactive change without notice.
JJCramer-Patrol Communicant
Charlie … yes at an average cost of 28.57.
ahahaha the devildog/donny commentary is the best
Devil Dog may be right in a macro sense (although debatable), but what he seems to fail to realize is that the market isn’t going to his projection in anything resembling a straight line. Buying the dips, even these craters, isn’t stupid – it’s how you make gains in an otherwise shitty environment.
This afternoon’s low was nearly 1,000 points off of Monday’s close. It might take a day or two, but we will bounce aggressively off that and if you miss it because you think the market just goes straight down, you’re an idiot.
Zen – Kudlow should be THE ASSHAT OF THE CENTURY.
DD raped and pillaged today Viking style, there is no doubt, and to the victor goes the spoils. Nice job.
no freedom in America eh? spit on that you say…. whiny little bitch aren’t cha…you are free to say what you want your free to trade your market view point your free to travel arond the country your free to eat whatever you like…most of all your free to be a self absorbed twat… now go on and whine me a river…sheesh
Small Fry, I agree and I will play the bounce, however, today’s close is not the starting point. New intraday lows will be made before a intermediate bottom is in to go long off of which I intend to take full advantage of by camouflaging myself amongst the stupid herd for the start of the next 100 year BULL market that will be hyped until April – May when we start the journey down to DOW 4000 minimum and possibly 1500 by 2015. You’re underestimating the FINAL bottom and the long term time frame and therefor your underestimating where the intermediate bottom is. It’s not the lows on 10/10.
Buy SDP and be happy.
DD was the victor in today’s +700/-700 point coin flip. Despite overwhelming 50/50 odds, he triumphed.
I’m in awe.
i can see gold going to $100 or lower maybe $35-$40 just because the govt declares it illegal to own and devalues it ..like they did before ..the year slips my mind …or maybe the world will want circulating gold & silver coins ..
but anyways PACK IT AND SHIP IT …it will be worthless
I agree that Kudcrap is the asshat of the know world of all time.
On another note, I am actually starting to have some respect for at least one CNBC person…Mark Haines. Is he pissed or what?
I find it interesting that the mainstream media made no mention of the House hearings on the ratings agencies and the S&P emails. Proof that they are controlled by the government and are nothing but milktoast paid off propaganda machines to keep the cows and sheepeoples clueless and under control. I haven’t seen a decent investigative report by the mainstream media since Watergate. Odd no?
anjing, I was free to volunteer for the Marines during Vietnam too. This bullshit America is not what I fought for. You want to have a bloody revolution and clean it up then I’m your huckleberry. Until then…shut your weak ass up.
DevilDog, it’s hard to take you seriously when you don’t even know the difference between minimum and maximum. I think what you want to be saying is that he dow will reach 4,000 MAXIMUM. Asshat.
Thanks Danny and mysterious stranger!
No I meant minimum asshat. It could go further down and that would be the maximum down. No wonder you lost your ass today. Try standing on your head and maybe you will get your verticle direction correct. Now fuck off.
Sorry, vertical. Fly, how about that edit function?
can you admins ban this god damned yahoo message board reject devilcock? fucking donkey
Thank you for your service to your country to volunteer for war is difficult for most folks to comprehend
Thanks anjing. Peace.
Fuck off for christ sake. The yahoo crack is getting so old school. Can’t your low IQ brain come up with something original? BTW, Rhetorical question.