Asshat of the Week Award: Tim Seymour
Tim Seymour, Asshat
Watching a replay of tonight’s Fast Money, I discovered a man well deserving of the Asshat Trophy. The “King of Russian Equities,” proclaimer of all cheap things in Asia, Tim Seymour, disclosed he was long my enemy, [[FXI]] , in a most egregious fashion, if I might be so bold as to say so.
First of all, the name “Tim” gets no points with “The Fly.” In the 32 Godly years being alive, I have yet to meet a man/woman named “Tim” that was not deserving of an “apple pie sandwich” to the face.
Anyway, Tim, from Seygem Asset Management, was rambling on about how much those Chinese bastards are liars (I am paraphrasing), while acting in a very “cocaine-ish” type of manner, if you know what I mean. Tim said many great things about how gay the Chinese market/economy is and was, much to my delight. I’ll have you know, “The Fly” was warming up to this Tim guy, while wolfing down junk food.
However, in an odd twist of Chinese fuckery, something that cannot be explained using the laws of modern science and/or reason, he (Tim) then proceeded to disclose (in a very deliberate slow motion sort of way) it might be “worth a shot” (again paraphrasing) getting long China in huge gay ways (paraphrasing, yet again), down at these ‘tard levels. Then some little breaking news flash thingy raced under his name, disclosing he was, in fact, long [[FXI]] .
(Gasp for air)
I stopped eating my potato chips. Suddenly, I became enraged with the joy of knowing that sometime soon, I would relish in the opportunity of destroying this man named “Tim,” with all of my frantic/over caffeinated might and superior intelligence quotient, without ever having to meet him—which is mildly “chagrinful.”
See, young lads, I shall buy [[FXP]] (the opposite of FXI) until the “white flag of certain surrender “is perched upon his ass backwards Russian automobile. I shall rub it in, mind you, until Mr. Tim shaves his full head of hair off, due to extreme shame.
There shall be no quarter given to this man, even if he happens to legally change his forename to something other than “Tim;” he shall receive the ever ominous, yet risible, black flag.
So Sorry.
Oh, and he also gets an Asshat of the Week Award.
Congrats.
I feel the same way about people who are long GS.
Booyah? fuckno , I didn’t win… I tried so hard, reccomending steel right before it rocketed higher.
DAMN IT!
Another Fly “classic” post!! Didn’t that dude also say go long FMCN at the very end of the show? Very gay, indeed.
A classicly awesome way to kick off iBC Year #2.
Mr. Seymour sounds like he will be a fast riser in the League of Asshats.
He looks like Timothy McVeigh
You make me cry inside, Fly.
Okay, classic Fly.
But, Tiny Tim is a P/T asshat. The KING is Guy Adami and the Chairwoman running her husband’s monies CROX HF. Adami has been wrong 98% of the time — PUBLICALLY – since October 2007. One is a coke-head one is a lush they are both hucksters. But, Cramer is worse.
OBTW, bought 27.3K shares of GNW @ 1.12. The considerable proceeds from which will be donated to a 4% FDIC-insured MM in my name.
Thank you, I hate that guy. Whenever there’s a real interesting discussion and I’m trying to figure out if I should, say, start buying back into Arch Coal, he chimes in with the merits of going long the Hungarian stock ETF vs shorting Uruguayan bonds. STFU.
I prefer when they trot out cakeface Joe Terranova as a replacement instead of him.
The Agassis lived once a quarter in Tiburon (my WC town) when this was filmed. They’ve since sold and took a bath on neither GNW (I suspect) nor NCal R.E. (I know).
http://www.youtube.com/watch?v=j2DfTU9bCh0
We should begin the quest for true energy independence by drilling for oil in Tim Seymour’s hair.
I watched the segments, fly. He’s an idiot but hardly qualifies for the asshat award. In fact he’s pretty ineffectual.
Ant should win this weeks award.
Still winning friends, hey, j? Just checked in and see you’ve made an ass of yourself again. Kind of built into that worm farm that is your DNA. Please keep posting. You are hilarious, tho unintentionally so.
Thanks, again, for leaving our country.
“China Retail Sales Rise 22%, Help to Counter Slowdown” 11/12/08 12:15AM
-Bloomberg
http://www.bloomberg.com/apps/news?pid=20601068&sid=abM29KiepBow&refer=home
Post of the year. LOL
Come on Ant, lighten up. I’m just kidding. You’re a very nice internet person and I’m sorry if I ever upset you.
I can really get behind this Asshat award. He’s had some of the worst picks over the last year: VIP, TTM or any of the EWZ components anyone?
Then if anyone asks a question about what happened (for some reason he’s rarely questioned about these godawful suggestions) he falls back on the old explanation of “well, there’s still a secular growth story here” meaning if you wait ten to fifteen years you might see some growth. He hardly ever recommends a sell of any of his prior picks.
Macke and Santelli are the ones who really know what is happening in the economy.
Boca
these guys are idiots. they’re not traders or money managers so they know shit. Get real Santelli plays the part of Mr. Big time trader by standing in the floor of the exchange. He knows shit.
Most people on this site would probably disagree with you, J, Macke and Santelli are highly regarded by many.
Have a good day.
Yea Boca and most people at this site are idiots like Fly continues to remind them, so I’m not surprised you would think that.
WOW.
This whole seemingly sudden and desperate AMEX deal sure unfolded rather fast.
So..it was like: “er, we just realized we need cash like really, really bad…..um, like yesterday even”
Honestly, I got an e-mail yesterday from AMEX saying that my card’s interest is going up a few points, and my credit line is being lowered.
This is even though I rarely EVER use the cards, run less than a 20% account balance (versus my limit) and ALWAYS pay well above any minimums, way ahead of the due date.
I always thought AMEX ran a f-cking tight ship. I guess not, since they are acting like GM, only being more “proactive”.
Godspeed, American Express. Your Platinum business card got me laid more times over the years than I really care to recall!
j- STFU… I nominate j for the asshat of 2008 award.
I agree with Tim asshat Seymour. FXI is a good play here.
FXP is at the same levels it was at in June while the Chinese markets are 50% lower. FXP is no longer a hold. If you’re nimble, like The Fly, you can trade it to the long side but The Chinese implosion Part I, has already happened. Part 2 will not happen till spring. Their markets have bottomed. Shanghai has broken its downtrend & will lead Hong Kong, kicking and screaming, to the upside.
FXP is now a short on any move to 100.
Footage of The Fly handling the 2008 market.
Actually, FXP is TWICE the opposite of FXI. Appropriate due to the level of Tim’s asshattishness.
Tim is an Asshat because he should have shorted FXP instead of going long FXI.
j shut up aleady and you are the biggest retard of the many retards on this site.
No Canuck, you are. In fact your retardation is oppressive.
I second Yogi and Boo Boo’s nomination of j as 2008 Asshat of the year award, but I am forced to co-nominate Donny and DEVILDOG as well.
admit it guys (3 of you so far), you’re all just a little upset that I reaffirmed fly’s impression that the site is soaked with idiocy at times. I know it’s hard to accept, but the truth always hurts.
Now instead of just demanding i get an asshat here’s what you need to do. It’s no good asking that i get one. You also have to do the hard yards like fly and explain why.
has my economics been wrong? No. Has my trading been bad ideas? No not really.
So explain, you 3 dolts.
It’s not this site that is soaked with idiocy, but the world.
Juice:
You are wrong about FXP, as it is a proxy to be short LFC, CHL and PTR—all going significantly lower. Time will prove you wrong.
NOTE: No one insults Boca on this site, else they’ll get their mustache punched off.
BIG BBY Warning:
The co reports that falling consumer spending, driven by the recent turmoil in the financial mkts and other macro economic factors, has resulted in lower-than-expected revenue for the consumer electronics retailer. The uncertainty regarding future consumer spending has limited the co’s ability to project revenue for the critical holiday shopping season and the balance of the fiscal year. Given both the change in economic environment and the significance of the holiday shopping season to the co’s annual earnings, Best Buy is lowering its guidance for the fiscal year and widening its range for potential revenue and earnings. BBY sees FY09 EPS of $2.30-2.90 vs $3.02 First Call consensus; sees revs of $43.7-45.5 bln vs $46.23 bln First Call consensus… Based on data the co sees for the consumer electronics industry, Best Buy believes it gained mkt share in most of its product categories during Sept and Oct… The co’s total comparable store sales declined by ~7.6% for fiscal Oct, following a modest comparable store sales decline for fiscal Sept. As significant changes in the consumer environment and competitive landscape make it very difficult to project revenue trends, the co is providing a wider range of guidance. Specifically, the co anticipates that comparable store sales for the four months remaining in fiscal 2009 (Nov ‘08 through Feb ‘09) could decline by 5-15%, resulting in an annual comparable store sales decline of 1-8%. The stronger U.S. dollar also is expected to result in lower revenue and profits from the co’s intl segment than previously expected… In reaction to changes in the marketplace, the co is proactively working with its vendors to adjust both its inventory levels and its near-term working capital position. “In light of the downturn in consumer spending, we have made several adjustments to our working capital position, most notably an increase to our U.S. borrowing capacity. We now plan to finish the fiscal third quarter with inventory levels, short-term borrowings and accounts payable higher than previously projected. These increases are the result of the rapid downturn in consumer spending. However, we expect year-over-year domestic inventory to be flat by fiscal year end.” The co’s new, $150 mln committed U.S. credit facility provides additional working capital flexibility to address both mkt conditions and potential opportunities. This new credit facility, which expires on Dec 17, was undertaken partly in response to the bankruptcy of one of the participants in Best Buy’s existing $2.5 bln revolving line of credit.
Was just looking over the new 52 week low for the nasdaq yesterday:
GOOG
YHOO
EBAY
STX
AMAT
DRYS
etc.
Some big names in there, I just started building a position in STX and it’s already hurting
why does she get a free pass, Fly. She’s been rude to me and started the cat fights.
That’s because you’re an idiot. STX. Come on.
J:
Maybe you deserve it. Ever consider that?
Boca is as sweet as key lime pie. I’m hungry now.
Off for breakfast. Hot hot coffee pending.
Master Fly, please go back to bed and get up on the other side.
Fly,
I just wanted to know how you FUCK yourself in the near future… Fuck YOU!!!
Yes, leave Boca alone. She reminds us of Mary Ellen Rogers.
Closed all shorts yesterday – very little meat left on that bone.
I am buying on weakness starting today with the opening dive.
Fuck the Fast Money Team – they have no edge – they just talk about whatever the flavor of the day happens to be, which adds absolutely no value.
hey fly:
I deserve it:
Fly,
I just wanted to know how you FUCK yourself in the near future… Fuck YOU!!!
You’re serious, right?
FXP for next 120days. To 105 to 81 to 188 after that go to Best Buy and buy a bargin.
I just heard that GM spends about 20 Mil. a year on viagra for its workers under the union contract.
Clue: What’s the first thing that needs to go if there is a bailout?
Macke? In a nutshell, this is Macke:
blarghblurgh…(unfunny joke)…blaaalrghbllurgh…(inappropriate comment while trying to be “funnee”, due to the pain suffered by investors that day)…blarrghblurgggh…buy Walmart…buy McDonald’s.
ZzzzZzzz…I’ll pass.
i love the smell of napalm in the morning
http://www.youtube.com/watch?v=bPXVGQnJm0w
Wow, thanks guys, and especially thank you to Fly. Yes, I have a very dark sarcastic sense of humor (which I’m sorry if you’ve misinterpreted), but I’m like a marshmallow inside.
J, I barely speak to you and had asked you twice before to leave me alone. Your sense of perspective is probably skewed in your own favor, I understand that. I’ve watched you try to pick fights with many people here, including me and my friends, including telling people that boca “makes things worse here”. I never even protested that one because it’s so obviously false.
However, I get the sense you might want to look in your own mirror. There used to often be a sense of camaraderie here that you seem to enjoy dampening.
I’m sorry if my account isn’t very big, but I’ve made no bones about my desire to be here solely to learn and have freely shared any knowledge I have from my business, especially about publicly traded online sales sites. Well, I’m tying this whole thing up with a big red shiny bow, dropping it down a deep hole, and tamping the dirt down over it with one of Alpha’s shovels.
Cheers J.
Steph at first I didn’t like Macke, but after a while I realized he was the only one with enough guts to tell the audience when NOT to buy something. That’s a rare commodity amongst all the investment guys paraded day after day on CNBC.
At least he has a nice haircut. What the FUCK happened to Pete Najarian’s head?
FLY:
Love the graphic!
Maybe Tim is more deserving of the dagger to the femoral artery than “ass hat”
Macke is a great trader.
Yes Macke is no slouch. He got short Best Buy on the circuit city news!
He’s lovin this morning!
I like the guy with the Hop Sing pony tail and the beard that looks like the Devil.
Nothing that Edward Scissorhands couldn’t take care of.
I shall attack everything GS as I have in the past few months. With the same vigor as the FLY buys FXP.
Henry
Macke covered his BBY short yesterday
Are the oil services done or are they setting up for a good buy soon
From RIGZONE
“Drillers plan to erect 180 new offshore rigs over the next three years — adding to the current total of 640 — spanning the globe from the Vietnamese coast and the Caspian Sea to the Gulf of Mexico and Brazil. Every new offshore drilling operation requires an average of 200 workers, some offshore and some onshore.
It will take more than the recent drop in oil prices to $65 or $75 a barrel to derail these rig projects, companies say, even if the price downturn since the summer has led to postponements elsewhere, such as in oil sands and refineries. Oil development projects “take an average of 10 years to complete and operate for more than 30 years,” said Susan Houghton, a human-resources official at Chevron Corp. “In 2008, we hired approximately 6,000 new employees and will continue that rate in 2009,” she said.
CRUDE = $57.48
DUG is gonna break out soon. The fucking oil complex can’t deal with OIL dropping like this.
What about our BEAV?
Knock it off Boca.
i stir around, don’t mean anything rude in terms of what I say. Possibly comes off a little rough at times. People are good. so let the socks down a little.
The only dude i have had an issue with is the Dog when the lights are red and he’s not firmly locked in his kennel.
I can’t ever recall ever saying you make things worse.
Craig:
I think he said he covered some of it. But who really cares anyway.
moe
is morgan stan better than GS in your book? Why?
Henry
He told me he covered it all at the same time he sold his SDS long position
Tim = 1
Fly = 0
On the open early in the game.
Fly great call HK! Note: I am now long egregious amounts of FXP as well.
there will be a fierce one day (only) rally by tomorrow
you buy today … imo
FXP down off this carnage … if it ain’t working in this open ….
GE is testing low of 17.27 hit on Oct 24th.
True, J: I tend to agree with you on all things economic, and with your trading theses.
But you are too harsh with Boca. Save your powder for more the more deserving.
_________
GOOG well above morning lows…. odd, no?
Also looking at CRAAPL here… “they two, they hold the key.”
_______
I agree w/ Juice
I think we’re do for a short & powerful rally.
I hedged with a few thousand shares of UYM this morning.
http://www.metacafe.com/watch/376540/timmy/
J
Not sure if Morgan is actually better than GS. They have to deal with the same things that GS has to deal with in becoming a bank holding company. No more big leverage for prop trading. Again if you look at the earings of GS a lot of it comes from prop trading using leverage. Not so much for Morgan. Also, Morgan has a big brokerage force that had been doing quite well bringing in top brokers from other places like Merrill and UBS. The brokerage force was one of the only divisions that actually earned money ( a good bit at that) for Morgan the past few quarters. Last year or so they finally fully integrated the DEan Witter and Morgan systems which had been a real clusterfuck. all this being said I know a few traders on the Morgan desk and they have been very nervous lately. Mack and his team are really, really ready for the TARP to start buying the toxic shit on their books and until that is done you will probably see people trying to knock it down
Looking at 868-ish on the SPX to complete the “Bat Wing Outta (This) Hell” formation.
Bruce?
_______
SDP is such a shitty iETF. Mine are already double its gains for the day.
Not for nothin’, and maybe it’s just Fly’s screen shot of that guy Tim (who I know from nothing, as I rarely watch Bubblevision), but when I first saw that pic my NYC honed “gaydar” went:
BWAAAWK!! BWAAAWK!! BWAAAK!! (yellow alert)
______
jake, you’re the fib guy … sounds good to me
I’m looking for a fierce one day wonder off these lows, prob today .. if not a reversal tomorrow morn
wtf do i know .. but i’m loading up .. if i get me head blown off from these levels, thats part of the game
Funny, jake. Mine is set for vibrate.
BZZZZT. BZZZZT. BZZZZZT.
I know it is early, but this tape looks very much like yesterday’s. Will we she another mid-day head fake rally to get the dumb ass herd in before the slaughter
Kevin Depew
09:45:00 AM
No positions in stocks mentioned.
Potential Buy Signals?
Looking at daily SPZ8 and NDZ8 through DeMark indicator lens, we are on TD-Sequential countdown 12 of 13 for both, with 13 buy signals potentially registering as early as tomorrow.
Unlike setup, countdown does not require consecutive bars. To register 13s tomorrow we will need tomorrow’s low to be below the low of countdown bar 8 (11/6 = 897 for SP; 11/5 = 1297 for ND) and the close to be below the close two bars earlier, so tomorrow close would need to be below 1223 NDZ and 893 SPZ. If we do not, then we will have to wait and compare Monday’s bar to Thursday’s, and so on until the 13 registers. This is basis pit session.
Of course, these are only the daily charts. 13s typically accompany price exhaustion and result in reactions within the next 12 subsequent bars. On weekly, monthly and quarterly the situation remains far more dire.
There is an unperfected 9 buy setup on the weekly chart for SPX cash, but not a 13 buy signal.
The monthly is only on bar 6 of a potential 9 that would eventually require exceeding the low that is established this month and/or next month for perfection next year.
And the quarterly is only on bar 4 of a potential 9.
It is understandable to wonder how on earth quarterly charts could reliably reveal anything about supply and demand, so check out the quarterly INDU chart from 1929 to 1945.
https://admin.minyanville.com/assets/FCK_Aug2007/File/djiaquarterly.jpg
Fil Zucchi
09:40:00 AM
Position in SRS
More pains in the REITs
On the heels of the implosion of General Growth Properties (GGP), this morning Prologis (PLD) slashed its dividend in half, canned its CEO and halted all new development. No great shocker I suppose given that NONE can get financing for ANYTHING in the real estate space.
As far our rollercoaster ride on the UltraShort Real Estate (SRS) gyrator, the November 220 calls above $6 look like a decent covered sale against any unencumbered longer dated calls. While keeping a long bias in the underlying SRS, not taking advantage of 200% volatilities would be simply foolish.
Bennet Sedacca
09:21:39 AM
No positions in stocks mentioned.
I keep hearing that ugly word…
Hope.
There is a lot of hoping going on that we will ‘test the lows and bounce’.
As I mentioned in my piece on Monday, ‘hope is a poor road map to success.’
Risks are high.
Thanks Jake…. okay
———
thanks Moe.
I’ve been thinking of pulling the trigger on MS but see it down every day so not too keen as yet. Strange how a little bit of time moves things around like this. Freaking GS was the ants pants a few weeks ago and now look at it.
Don’t think it can survive as it just a huge wholesale operation with little retail and will bleed people over time as they head off to other jobs etc.
MS is interesting if only because it has a retail operation and it could turn itself into a successful bank over time, perhaps into something really different.
I’m not sure if leverage is that important for MS in terms of making money as their are fewer players these days with the consolidation and spreads could move out a little.
Everybody ready for scumbag paulson at 10:30am est.? I love watching that stu..stut…stutt…stutte…stutter…stutteri…stutterin…stuttering…stuttering asshole try to spit out a complete sentence. Let’s see what lying bullshit he comes up with to save his buddies. Notice I didn’t say save America. Still want him prosecuted and executed. I pray for this every night.
BTW, anybody seen GENERATIONAL Bottom?
Unemployment claims over 500K tomorrow as long as they don’t lie. Should be fun.
BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!
Behold my longs
FDO
AVAV
CHK
COIN
I am going a little long into the bad news:
1000 AAPL @ 92
3000 BOOM @ 17.75
100 GOOG @ 308
I call bullshit on Armageddon.
I’m glad I went short the financials when Fly said he had been buying UYG. I went short GS ( few months now), MBI, MCO, AXP, COF ( all last week) just to name a few. I will cover a few soon and will be busy counting my serious coin next week with the wife on the big island in Hawaii while you dumbfuck bulls HOPE for a rally.
And big ups to Devildog for his call on going short AAPL after the run up after their earnings
Fuck it bought some morgan stanley down here…. for a really long term account.
Al you dudes shorting china need your brains checked. the fucking thing is down 70 odd%.
fly, why has it taken you this long to figure out that Tim is always trying to get people to buy stocks he is selling? I have shorted many of his stocks after the 3 day stupid cow herd routine and made a lot of money. BTW, still long 2000 FXP @ $65 and holding for $197.
Top Ten Reason why j is an Asshat:
10. His handle, “j”, is a very gay, lower cased curved letter of the alphabet.
9. The market has gone straight down for several days after he authoritatively posted several times in a single day about an imminent meltup.
8. He posts more frequently than Mr. EB.
7. His tongue is green.
6. He makes his boyfriend pull his finger before passing gas.
5. He lashes out at the one called “boca”, who is always respectful and congenial, even to asshats like the one called “j”.
4. He calls all market professionals “idiots”.
3. He is a charter member of “Hair Club for Men”.
2. He thinks because he once had a “back office” job doing accounting or fixing trade breaks, he’s a market savant.
And the number one reason why the one called “j” is an asshat:
1. It was genetically predetermined!!
seymour grease ball also plays in a b teamer NYC venue rock band…just like 2coolfortheroomratigan…sounds like mr eurotrash wannabe spent the first half of his life in Mom’s basement and the bathtub.Not only has be batted a thousand with the biggest losers, he also managed to miss the only good ones like “brooding slavs drink a lot” CEDC?..naz-drov-ya y’all. Macke imo is a media whore – “shows up” on NBC today show with plastic barbie wife for photo op -his daddy set him up in biz…btw Russia looks downright unfriendy toward us these days -
“Al you dudes shorting china need your brains checked. the fucking thing is down 70 odd%.”
down 70% from a point that was 65% too high
FXP will be in the 50’s tomorrow
DevilDog
I looked at you November 19th d day and it looks really good. Maybe even before then. If SPY breaks 870 today then it is over. We will break through the bullshit Art Hogan lows and will donkey punch Erin Burrnet since she keeps calling it the Art Hogan bottom
Nice call on HK, Fly.
You win again…
Bennet Sedacca
09:55:00 AM
No positions in stocks mentioned.
2 year alert
While the ‘on the run 2 year note’ trades at 1.20% or so, many ‘off the runs’ now are trading with a zero handle.
This is not good in my opinion.
It is the market’s way of telling us that risks are as high as ever.
As far as the credit market goes, all I can say is ‘what credit market’? Not much is trading, and judging by what I expect for hedge fund liquidations, bonds will begin to trade, but not at pretty levels.
Don’t forget to grab a lil JNPR
i love the smell of napalm in the morning.
One of my favorite scenes in that movie (that and the beginning Doors themed slow mo explosions)…
There are times when I’m pretty certain that Robert Duval is our greatest living actor (RIP, P. Newman) and this is one of them…
_________
OH Oh Oh HaHaHa
GS getting fucking raped
With that being said…
Marlon Brando? Vastly overrated.
Same with DeNiro, Pacino, and all the other guys who play the same character in every movie.
_____
Juice will still be gay tomorrow. Write it down.
3. He is a charter member of “Hair Club for Men”
Now that’s offensive.
Boca actually attacks me when given the chance, go up-thread and take a look.
————
Yes, I thought the Chinese package was a big deal and I’ve been wrong for a few days because of new info coming out of the US.
1. AIG’s need more money.
2 Car makers basically broke
etc.
However when I’m wrong I’m wrong. No biggie in terms of admiting it.
————
But I’m not shorting stocks down here.
Credit Suisse global strategy summary.
Fed’s balance sheet is 15% of US annual GDP equal to Japan’s in 2001.
Both US and UK are now running a very loose monetary policy, EU still not so.
consumer excess debt about 17% of GDP that needs to be worked off. Will take 3 to 4 years.
US real estate market not really that much more to go.
US economic conditions worst since the war but will not go to depression levels as the Fed has and will act quickly to stem the tide.
I buy VMC and CNB
wtf is with FXP being down today?
and fuck etrade for suddenly not being able to trade FXP or TBT because they moved to the Pacific exchange.
T MOE, I’m with you buddy. Funny you mentioned art hogan. I hate that stretched faced lying sack of bullshit. I think he will be the next Vince Ferrell BOTTOM victims along with GENERATIONAL Bottom and then he will hopefully disappear from CNBC.
BTW, anybody notice that goldilocks krudlow lost his show?
BTW, still holding my AAPL SHORTS for $80 minimum.
Congrats to the Fly for staying short. Kudos. What’s your gross and net exposure like now?
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3442376/Russia-lifts-rates-to-12pc-to-save-rouble-as-crisis-deepens.html
Russia’s central bank has raised interest rates a full percentage point to 12pc to prevent a collapse of the rouble following a day of mayhem on the Moscow markets, prompting concerns that the financial crisis may be spiralling out of control.
FXP trading range 64/188. FXP going down is a gift.
j, you’re so wrong. Go away for a while and try to educate yourself in spite of your degenerate low IQ genes.
BTW, seen your equally stupid GENERATIONAL Bottom today?
juice, I suggest you get rid of your happy face view of the USA.
Beautiful tape this morning.
Is anyone else getting fucked up quotes on the inverse ETF’s.
I keep getting conflicting quotes from a variety of sources
There are no Tim’s on the planet that have ever done anything original.
That being said have you seen SRS powering thru the roof?
SRS to 250 by next summer if you can stomach the 100 point intra day swings
Dog:
how can i be wrong when you were short a 20% rally.
Fuck off
That’s the trouble with a down market, you get so excited that it puts everyone off.
What is dis boor sheet?
FXP aaaand FXI, boat’ gleen??
_________
JPM broke thru 35…next stop 32
GENERATIONAL BOTTOM is busy watching you DUMFUKS shorting and day trading at a time you should be going IN LONG for the long haul.
The market has handed you a ONCE IN A LIFETIME
BOTTOM. And DUMFUKS like Devildog and the traders can’t figure it out. Pathetic.
Market Fool,
SRS responding to the GGP imminent bankruptcy. That’s gonna happen.
Don’t stay too long, pun intended.
_______
40% of debt securitized is credit cards consumer loans etc. Holy Shit!
I like Boca because she stays on task. She’s totally investment focused.
And she buys funky little hippie pottery and sells it to obsessed arthors at a 600% markup.
BTW, congrats on the one year aniversary blog owner and various tabbers! I have yet to actually make any money from reading here for almost the whole year….
But I will!
That’s “authors”, not arthers. (although she may sell to obsessed arthers, too)
Jake – your 868 held … so far … 830’s next I assume
D-Dog .. what do you mean I have a ‘happy face view of usa’?
Bruce — he’s gone ideologically insane. It’s a vengeance thing, and I think it’s going to get him into some trouble.
He needs to spend some time with his Christian son, I think.
(No offense to the Tribe, of course)
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LOL @ Paulson guzzling his water like he’s in Mojave Desert…
Guuuuuuulp!
Bottom
Why are you so stupid? Why do you think that traders are dumber than you? It’s dumb asses like you who have been trying to catch a falling knife. In this market you have to be nimble.
I am a perma bear, but I do pick a few longs here and there when I see opportunity, and now is not the time. Keep buying and I’ll keep shorting. I don’t mind selling to you at higher prices and taking your money.
Take your old ass to another board, a buy hold board, along with all the other dumbfucks who watch CNBC and believe everything the so called “experts” say
Merrill chief sees severe global slowdown
By Greg Farrell in New York
Published: November 11 2008 14:42 | Last updated: November 11 2008 20:06
The global economy is entering a slowdown of epic propÂortions comparable with the period after the 1929 crash, John Thain, chairman and chief executive of Merrill Lynch, warned on Tuesday.
Speaking at the company’s annual banking and financial services conference, Mr Thain said while he was cautiously optimistic about the future of the financial services industry, he lacked optimism about the near-term prospects of the US economy and global markets.
I’m telling you guys, Obama’s body language last week and now Paulson’s foreshadow new market lows.
BIDU is the new GOOG
Odd, no.
“I have seen the future and it has lower stock prices in it” – When was the change? I have a limit sell on this FXP crookery – shoulda stayed 100% SDS.
Jake, someone has to lead against people like that scumshit paulson. America will not be America until people like paulson are prosecuted for their crimes and executed. Wait and see. I honestly believe it will happen in the years ahead.
I get all my best teddy bears from Boca!
Damn you, J, leave her alone!
Or at least capitalize your letter!
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In other news, my BGZ atm is spewing boatloads of cash out today
One last chance to save this effinn thing.
Jake, check out HEAT if you haven’t. May change your views of DeNiro and esp. Pacino.
‘Gimme all you got! Gimme all you got!!’
Devildog;
If you check my posts you may think different. Not checking it will keep my IBC indicator alive. So leave me the fuck alone. Educated people can’t trade stocks. Only people born with the skills are good.
TMoe you DUMFUK: The knife has already fallen.
Stocks like X FCX MOS are at asymptotic lows
80% to 90% off their highs OF THIS YEAR.
By early December the GENERATIONAL train will have left the station, and you will have given
up a third of your potential gain IF you get in.
BUT YOU WILL BE AFRAID TO GO IN FOR THE LONG TERM BECAUSE YOU WILL THINK YOU HAVE ANOTHER CHANCE. That’s why you are a Dumfuk.
At the current pace of losing 300 points a day, the DOW will be at zero in 27.9 trading days.
What happens to the inverse etf’s then?
The global economy is entering a slowdown of epic propÂortions comparable with the period after the 1929 crash, John Thain, chairman and chief executive of Merrill Lynch, warned on Tuesday.
Speaking at the company’s annual banking and financial services conference, Mr Thain said while he was cautiously optimistic about the future of the financial services industry, he lacked optimism about the near-term prospects of the US economy and global markets.
LOL. I guess we’d better just pack up the old kit bag and sell, sell, sell, then?
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Dog — you should not make it personal like that. It’s not good for your health. Seriously.
Paulson may be an asshat, but he’s not Hitler or Stalin, for goodness sakes.
________
small cap build
VASC
It is quite funny how Paulson and GW both have problems speaking and putting together full sentences. These guys like the other so called smart guys are supposed to be the smartest, all with MBA’s from Harvard and Yale. What a joke, the smart guys from the so called best programs created all of this shit and they don’t know how to fix it. Fuckem all. Everyone at the top seats is from Goldman. They all deserve to eat shit while they watch their def. comp go down
Back up to 885.
Dooes this TARP thingy include free pancakes for losing inwestors?
paulson is actually worse than hitler and stalin. His actions will result in many innocent American deaths due to the DEPRESSION that he and his wall street scum buddies created. At least hitler and stalin were up front about their actions and not cowards like stuttering hanky panky.
Bottom has point.
Look at the stock fly was touting the other week.
52 week high 54 bucks now trading at 8.8 bucks.
That’s 85% drop in a stock that looks like it has a decent business, has a decent order book for next next and will make okish money.
it’s down 84%.
How do you short that stuff?
I just bought some.
T MOE I agree. Well said genius. On top of all that Bush and Co. came over to my house the other day and killed my dog.
Yep, you’re right Dog. paulson is worse than hitler. He’s firing up the gas chamber right now.
You offensive sack of shit. Paulson is not like Hitler and could never be seen that way by anyone with with an ounce of sense.
You offend the 6 million innocents who died you crass fool.
Bottom
You just don’t get it. Arguing with you is like talking to a dumb fucking donkey.
It really looks like the knife is done falling
all I can say is – scoreboard
The smart money is going to cash, because they know that this thing has a way to go. The economy is shit. Estimates continue to be lowered. Banks continue to lose money. And above all
NO ONE IN POWER KNOWS WHAT THE FUCK TO DO
moe
He does get it. stocks that are down 84% like BEAV shows the sell off may have gone too far.
Can we put out an APB on the Fly. WTF???
Heat is a great movie, anyone who says otherwise can go fuck a cactus.
http://www.youtube.com/watch?v=48BSKPKYLdI&feature=related
J
For having such a high IQ
and decent handle of things..your personality on this site is grating like fingernails on a chalkboard.
You have to be of the hippie generation…I’m guessing late 50’s
I think Fly made the comment once…you ain’t shit unless you’ve made a blog post!
Fly help us lean on HK to keep this bitch below 16.
Thank you Rick Santelli
This is a fucking bait and switch.
At this rate there won’t be any stock market by year end. Come Jan 1st, what are we going to be discussing on IBC ?
j, I stand that paulson is worse than hitler. hank will burn in HELL.
BTW, your and GENERATIONAL Bottom’s position that things have fallen too far is genetically stupid. WE are going to fall more than double the percentage drop in the markets to date. Hopefully, you and GENERATIONAL Bottom will be penniless in the process and commit suicide. We don’t need stupid cows like you 2 idiots. Thin the herd! MOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
So j and bottom do you feel more confident now that the Prick Paulson and company have spoken. They Know Nothing.
And now we hear that Barney Frank is coming to the rescue. Maybe bottom is Barney Frank. We know that both of them like to suck cock
dog:
i wouldn’t expect less from you not to stand by your comment.
deadshit. BEAV has fallen 85% from it’s highs and is $8.50 from going broke and it’s not going broke, you oaf. So which way is the risk skewed on a stock such as that.
Devil Shit, nothing personal but I hope you meet Jesse Livermore’s fate you piece of shit.
MOe:
Dunno if the broad indices have further to go?…. possibly they do, but stocks like BEAV don’t.
Ha Ha Ha Ha
Just finished reading a transcript from that bullshit speech.
Ha Ha Ha Ha
What a fucking joke this thing is. Trust me the $700 billion is not enough. They will com back for more, congress will add more bullshit pork to get it to pass. BHO will sign it and lower his income on his tax proposal to pay for it. And the sheepoeple will obey
BEAV is almost trading now at 50% of cash and short term receivables. this is a firm with 35% operating margins.
j
Tried to tell you yesterday that GS was giving you a chance to jump on it short again when it popped. MS and the other banks are going ape shit, now that the game has changed and the toxic shit will remain on their books. Hey JP Morgan how is that WAMU book looking to yahhh
Quick question:
Is PLD going out of business? Or is it just trying to put me out of business?
-DT
yea moe
think that was a big mistake not taking in the shit. Dunno why they changed their minds on that one.
Wells fargo bought wachie on the back of that deal going through so it looks like the Citi deal was better and citi dodged a bullet train.
j, you’re still dumber that dirt. Please post your BEAV buy. How many shares at what price? Put up or STFU!
BTW, BEAV is going to $1.87 minimum.
Fly and his followers
UYG must be giving y’all the sore ass
Ouch
UYG must be giving y’all the sore ass
fuck fuck fuck fuck fuck fuck
Jake, check out HEAT if you haven’t. May change your views of DeNiro and esp. Pacino.
While I’m a big fan of that movie (as I am of many of those two’s movies), I don’t see them going that far out of character.
Prolly the “most” out of typical character I’ve ever seen “modern” Pacino was as the short order cook with hotness Ellen Barken in Sea of Love.
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