Geez, you midgets are besides yourselves, due to the Chinese stimulus package. Shut the fuck up already. How many times do you retards have to be proven wrong, in order to make you reserve your comments for other bullshit blogs?
I mean, seriously, you guys are fucking lame.
And another thing:
You faggots have no idea how Godly The PPT is; so refrain from commenting on something you have zero access to. At the end of the day, you’re all a bunch of haters, because you live in blue collar hell, hangin’ around a bunch of fucking losers, while I’m just bowling on you clowns.
In the most serious manner possible: fuck off.
At the end of the day, making money in the stock market is about having access to information and knowing how and when to execute trades. If you fuckers think that I offer no value, then just shut up and go play with your charts.
With regards to the markets:
Why not wait until trading begins, before making outlandish predictions? Frankly, I am sick to my stomach by you jackasses, calling for huge crashes or melt ups on a daily basis.
Get a grip or buzz off.
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Fly,
I agree. A buch of wanker rick-shaw drivers get some money. Stock market down 90% they wont spend any of it~!
http://english.gov.cn/index.htm
If you have time to burn check it out, with a grain of salt of course.
dont worry fly,
I am sure BEAV is going to get the order to put new fabric on a bunch of planes and order for new coffee makers and microwaves should pour in soon.
Are you going to enter the MVIS realm soon as there should be quite a runup to CES coming soon.
Dont miss that sinking boat.
Jim
BEAV is a whore.
I don’t feel like waiting for trading to open to make an outlandish prediction .. so here we go –
There will be a one day wonder rally (chicken ass caveat – or selloff; but a rally is more likely) this week. Most likely date would be turdsday the 13th .. the old thursday, the week before opt exp, drain-the-premium-out-of-options…. in this case, puts.
The more we sell off before hand, the better the rally. DevilDog is waiting for the 14th to cover, so naturally the rally will come on the 13th.
Don’t be caught 187% short, unless you fancy getting your eyebrows torn clean off and then having your balls tweezed, one by one by one, for good measure.
I will now, buzz off.
You could always turn Jake loose again and rant about Democrats… that’ll keep us away.
did Danny start posting for Fly?
DD will be buried
http://english.gov.cn/2008-11/09/content_1143586.htm
China to stabilize global financial markets by maintaining growth
GOV.cn Sunday, November 9, 2008
China will help stabilize international financial markets by maintaining its economic growth and expanding domestic demand, Zhou Xiaochuan, governor of China’s central bank, said in Sao Paulo Saturday.
The People’s Bank of China is closely following the situation in international financial markets to make its policies on further readjustment of interest rate, he said.
Zhou, who is here to attend an annual meeting of finance ministers and central bank governors from the Group of 20 (G20) major industrial and emerging-market countries.
He said China’s central bank will cooperate with the International Monetary Fund to stabilize financial markets.
Zhou predicted an 8-9 percent economic growth for China next year, noting that the steady growth of the Chinese economy will help global financial markets return to normal.
Finance ministers and central bank governors from the G20 nations began the two-day meeting in Sao Paulo Saturday.
Founded in 1999 as an informal arena to facilitate dialogue between major industrial and emerging-market countries, the G20 accounts for 85 percent of the world’s economy and about two-thirds of the world’s population.
Editor: Jiang Yuxia
Source: Xinhua
BWHAHAHAHAHAHAHA is this guy smoking rope?
Gap to 14,000 monday.
On the S&P!!
The BEAV is NOT a whore. Stupid maybe but not a whore.
You are grounded Mr. Fly.
http://en.wikipedia.org/wiki/G20_major_economies
G20 nations
G20 countries/unions
1 Argentina
2 Australia
3 Brazil
4 Canada
5 China
6 France
7 Germany
8 India
9 Indonesia
10 Italy
11Japan
12 Mexico
13 Russia
14 Saudi Arabia
15 South Africa
16 South Korea
17 Turkey
18 United Kingdom
19 United States
20 European Union
what’s interesting is the fact that 10 of 20 G20 nations depend on exports with the largest importer the US.
China ranks 2nd with 8.8% of world’s exports by 2007
GOV.cn Tuesday, October 28, 2008
China’s share in world’s exports reached 8.8 percent by 2007, making it the world’s 2nd largest exporter, only after Germany, said the National Statistics Bureau (NBS) on Tuesday.
According to a statement released on NBS website, China’s foreign trade has been growing at an average annual rate of 17.4 percent to 2,173.7 billion U.S. dollars from 20.6 billion dollars since 1978 when its reform and opening-up began.
With persistent government efforts to boost foreign trade and encourage investment, China’s exports rose from 9.8 billion dollars to 1,217.8 billion dollars during the period, and imports gained from 10.9 billion dollars to 956 billion dollars, said the statement.
China: Reports of tainted rice exports to Japan untrue
China exports less high energy consuming products in 1H
Growth of China exports to U.S. slows in H1
China exports fewer shoes in first five months
Every time I have bought a rally lately I have had my face ripped off, stomped on, fed to pitbulls, then nailgunned back onto my face either upside down or inside out. I believe we are in for more shyte despite a one or two day rally. As I recall, Nov. 15 is a big day for hedge funds (redemptions), then Nov. 30 for GS and MS; not to mention end of the year tax loss selling which should take the so-called bargain stocks even lower.
Major breakout this week. China is gonna fook FXP with a homo hammer.
Bush did not know what G20 was?
http://jonathanturley.org/2008/11/03/bush-whats-the-g20/
He should read IBC and become one of Fly’s servants.
Good God.
Gosh Darnit.
The preceding was approved by scum bucket.
Ward,
June Cleaver is the dirtiest little whore of em all!!
The Yahoo! message boards told me to go long BEAV. I am all in baybee! The whole $43 worth.
The China s.p. news is baked in. That’s why FXP was down 25 faggot percent Friday. The Fly, as always, will be correct. FXP will be green tomorrow and hit cien soon enough.
The Fly is God.
Tomorrow will be the day retail gets sold the China stocks the insiders bought last week.
I should add…I’m retail and I ain’t buyin’.
Fly, you need to impose a minimum IQ of 70 to post on this site. Unfortunately many of your readers will not pass.
Watch UBS as they got $300 m in “cheap” chinissssss stocks on Friday.
Or so I read on the truthy internets…
Stimulus packages don’t do anything but temporary short-term pops in the markets. That being said, if you’re 180-285% net short like someone we know, he might not be able to survive another big rally.
I however am happy to stay 100% cash in this retarded randomly up/down huge market.
The Fly wins again.
Anton
How’s your hedge fund doing?
Now to everyone out there, my hedge fund is down 70% (redemption request in – monies payable at end of month), what do you think my chances are of recovering my money if I stayed in.
I think for their sheer stupidity at not actually hedging deserves a sell, but I am in this for the money, so what thinketh you???
Take into consideration they were the best hedge fund (when markets were easy).
As I mentioned before, i am totally pissed at having done well in the market myself, I allowed idiots to manage for me.
Lesson learned.
Folks. Principal investors is in trouble.
http://www.principal.com/index.shtm
PFG (Common Stock)
Exchange NYSE (US Dollar)
Price $25.19
Change (%) 1.60 (6.78%)
Volume 2,315,609
Data as of 11/07/08 4:05 p.m. ET
Minimum 20 minute delay
Refresh quote
I was reading where a person with a 500k money market fund was denied transfer of said funds.
My guess the company is hoarding funds.
Short it, get out of the way, pull your cash out of that wreck.
BWHAHAHAHAHAHAHA is this guy smoking rope?
No he isn’t. Credit Suisse most recently updated their forecast a growth rate of around 7% for 09. They didn’t add in a stimulus package of this size.
So a 9% growth growth rate looks quite feasible. Add in a loose monetary policy that will kick in 18 months from now and you have the different game.
You fuckers preaching doom and gloom for the Chinese economy. This is the one. It’s the next big down turn that will truly fuck em.
Lie back and watch these idiots waste 600 billion.
Stimulus packages don’t do anything but temporary short-term pops in the markets.
Not you EB.
But how many fucking innumerates are there on this site? It’s pulverizing. 560 bill is a lot of fucking money for an economy that is 3 trillion in size you ignorant blue collar peasants. Its a flat 20% of GDP.
divide that over two years and you end up with 10% per year. Add in monetary policy stimulus and you’re over 10%.They don’t give a fuck if they build a multi storey building and it stays empty for a while. These guys a commies.
This is a big story and most of you a dismissive.
Fly ban the Dog. He has caused stupid to run on this blog a like a fucking virus.
Oops
You fuckers preaching doom and gloom for the Chinese economy. This ISN’T the one.
j Says:
j realize that chinese export shit.
Build more roads that no one will travel, build as many factories that are closing, salute that Olympic monument to Chinese ware with all. Toss dollars down a whole.
Remember where all this 586 billion is coming from, or where they think it’s coming from, either reserves or future dollars coming in or my guess a combination of both.
No body wants the Yuan
Bottom line, these makets ARE coupled. Tail dosent wag the dog.
THE PLANET IS CHP 11 GET USED TO IT!
Go long into the Chinese fuckery. These guys mean bidness. I like CAF and FXI. Also consider IFN and EMF.
“…Chinese ware with all…”
LOL, the IQ of the comments section is crashing hard.
yes Needle dick.
They’re trying as quickly as possible to turn around and stoke domestic demand and therefore internalize demand. It’s a shit policy long term but it will buy them growth in he short term…… 2 to 4 years or so. And then we get the explosion.
560 odd billion or so spent between now and 2010 will buy them 10% growth per year alone without adding in loose monetary policy.
Fly is right they are desperate but they aren’t in debt and this will buy them growth for a few years.
the Chinese crash is 5 odd years away. Not now, you fucktards.
I blame the dog for sending you guys to the deep end of the pool before you can swim.
And the trillions the Fed and U.S. Gov’t have spent sure really helped the U.S stock market this year. The more you try to manipulate the economy, the more pain you cause later. The only thing that will fix the economy is time and washing out the crap.
You have to let the bad companies go bankrupt, and let the good ones take over. If you keep helping the crap, you get 18 years of no growth like Japan.
LOL, the IQ of the comments section is crashing hard.
I know. Fly should impose a limit of at least 75 IQ points before anyone is allowed to approach this site.
I get teary eyed at some of the comments. Seriously, I break into tears.
I mean if what you’re saying is correct, why don’t we just do a 10 trillion stimulus program in the U.S.A.? Why not!!!!
Because it’s a dumb idea. Giving government bureaucrats ultimate power to fund projects is ridiculous inefficient way to allocate capital. Remember the world has tried that once.. it was called communism.
Good for you, J.
Luckily the Dog can take of himself, but maybe if you STFU for a few days, the blog will recover even more quickly.
Liberace is missing you.
j are you saying the world’s economy is all fixed now because China did a stimulus package? You gotta be kidding man.
You think the people that live in Arizona and California who just lost their jobs, can’t afford their mortgage payments, and can’t buy anything now… their house value down 30% and getting worse … do you think that consumer is going to start spending money now cuz China building some roads and helping low income housing? Geez.
EB
Stop being a fucking goose. The policy WILL NOT work long term. However it will work short term 2 to 4 years or so.
The stimulus would be the equivalent of the US spending $3 trillion. That’s how big it is. Add a looser monetary policy directed lending of the banking system and you end up with a huge unhealthy growth rate.
As I said out over 2 years will buy them 10% per year even if the unmolested growth rate were zero.
I do not like the IQ requirement. I aint no dummy. Can the IQ be lower if one is from the South?
j
you can buy all the Chinese equities you want. Its hard enough picking winners in the US>
I get teary eyed at some of the comments. Seriously, I break into tears.
try deodorant.
j are you saying the world’s economy is all fixed now because China did a stimulus package? You gotta be kidding man.
Not at all, but that side is for a while at least.
Karl Marx.
Fuck off you mass murdering loving clown. Anyone that takes the moniker of a mass murderer should be boiled alive.
You think the people that live in Arizona and California who just lost their jobs, can’t afford their mortgage payments, and can’t buy anything now… their house value down 30% and getting worse … do you think that consumer is going to start spending money now cuz China building some roads and helping low income housing?
NO, you doofus. They are trying to internalize their economy… as I said earlier. they are trying to quickly move away from offshore demand and think they can stimulate the economy over two years while they make the move from offshore to onshore demand.
Has anyone considered that j and DEVILDOG are one in the same?
j Says:
The stimulus would be the equivalent of the US spending $3 trillion. That’s how big it is. Add a looser monetary policy directed lending of the banking system and you end up with a huge unhealthy growth rate.
J maybe that IS the equivalent of the toxic shit wall street sold China.
When 95% of the humans in China are dirt scratching farmers you aint gettin shit.
yikes… Nikkei 5+%… let’s see what happens when Shanghai goes.. i think +8-9%.
I mean if what you’re saying is correct, why don’t we just do a 10 trillion stimulus program in the U.S.A.? Why not!!!!
Because the US is fucking broke. The chinese don’t have to borrow a cent. They are going to use 560 billion of their 3 trillion in reserves.
China runs a pretty healthy budget surplus too by the way. The US can’t do it because they have to borrow the money to pay for it. If borrowings become any bigger it will have a very hard time financing.
That’s it. now more economic lessons for the day.
NO, you doofus. They are trying to internalize their economy… as I said earlier. they are trying to quickly move away from offshore demand and think they can stimulate the economy over two years while they make the move from offshore to onshore demand.
November 9th, 2008 at 7:41 pm
J you are certainly a rookie…. three trillion, ten trillon who gives a shit. The end game is the common folk being more productive, thats not gonna take 3 yrs 6 yrs 20yrs in china.
belch
Just Thinkin Says:
Has anyone considered that j and DEVILDOG are one in the same?
That’s about the most offensive thing anyone has ever said to me. Fuck off.
who is china gonna sell bennie babies to? some rick shaw trotter. Some converted farmer.
No country turns faster then the US. No its “not different this time”
The end game is the common folk being more productive, thats not gonna take 3 yrs 6 yrs 20yrs in china.
It’s comments like this that leaves me gasping for air.
Doofus, this will create a growth over there. It’s a very unhealthy way of doing it, but it will create GDP growth.
j…sorry…I take it back. I agree that was the worst thing anyone can be compared to.
At least Dog has balls.
J?
A slimy (marsupial) pouch.
And Karl Marx never killed anyone, unlike your posts, which have caused hundreds to commit suicide from their sheer tedium.
Karl;
You take the moniker of a fat, ugly, bearded smelly shit head who wrote the how-to-manual as to why 200 million people were killed last century.
No grotesque form of torture is good enough to cause you pain.
STFU .
China is 5% of global GDP
Fuck China
tell me again, why did i buy fxp?
fuck.
of course when i say “buy”- i mean traded apples and pencils for this bullshit casino stock.
Someone knew about the stimulus on Friday, that is why FXP was trading all fucktarded. Personally I would not be surprised if the stock trades down another 10% before shooting higher. If Asia was not being affected then why did they need the stimulus? Remember that stimulus (forced loan to yourself) they gave a while back to us? Yeah me either.
Mish has a great read on China’s Hard landing.
I’m too lazy to link it, but it is typical stellar Mish economic prose.
Fly,
Couldn’t agree more. Fuck the idiots who read blogs.
-DT
If it weren’t for “the idiots who read blogs” then we wouldn’t have idiots like Dinosaur Trader writing shitty fourth-tier blogs that offer nothing. So yeah, I guess Fuck those idiots!
http://www.baltimoresun.com/news/world/bal-te.china09nov09,0,6912336.story
Some excerpts from the story:
Government statistics show that 67,000 factories were closed in China in the first half of the year, said Cao Jianhai, an industrial economics researcher at the Chinese Academy of Social Sciences. By year’s end, he said, more than 100,000 plants will have closed.
Lau’s trade group has estimated that 15 percent of the 70,000 mainland factories run from Hong Kong will close this year. He says many more are likely to close after Chinese New Year in February, when millions of migrant laborers will go home for several days.
My two cents:
Half of the Chinese toy factories have closed this year.
They can’t raise prices because Walmart and other big trade partners won’t let them.
You think the Chinese blue collar workers are going to buy their own products on $50 to $300 a month paycheck? I don’t think so.
China’s downslide is just getting started.
To quote The Fly..
“At the end of the day, making money in the stock market is about having access to information and knowing how and when to execute trades. If you fuckers think that I offer no value, then just shut up and go play with your charts”
Personally, I have seen so many people on the ‘net over the last decade plus, who have claimed to be able to predict market movement over and specific equity directional movement.
This is the ONLY place I have seen someone with a system (and a gift of gut feeling) to be accurate MOST of the time.
You down with PPT? Yeah baby, you know me!
Who is that man in the white coat? Fly, let’s allow political comments – better than the stuff above. FXP may gap up a little on the opening and thus spoil the China syndrome. Where will China import cheap energy in 10 years?
…cheap energy…from Canada’s Oil Sands after the politicos enact new legislation regarding “so called” dirty oil…
Hope you IBC’ers are having a good night.
I grounded Jake today. No internet until he gets back to being a good boy. No car either.
Can some one explain to me who Ducati is and why he was banned?
Think of Ducati as another DevilDog, but with a blog.
He is a registered sex offender. Please do not mention his name. He is blacklisted across the internet.
DFA,
If, after living in this country for the last 8 years you still don’t understand irony, then might I suggest (to borrow a phrase from “the Fly”) that you go fuck a Romanian goat?
-DT