Will The PPT come to the rescue?
Not the software version, mind you, the egregious assholes who jerk the chains of stock market lovers. However, should these men fail to succeed today, feel solace in knowing: all is lost. The country is coming to an end and you will have the pleasure and heart wrenched joy of telling the grandkids: “I remember when America shit the shower and when it ended.”
Our founding fathers had a clever idea, with this democracy shit. But, like all good things end, so will we, literally. Don’t cry for America. Just know, the local mall is still selling Coach bags for $459 and 3 inch wallets for $99.
There’s a diabolical plan in store for the citizenry of America. Through high taxes and inadequate services, it is clear, as well as evident, the foundations of capitalism have been betrayed for some sort of wild eyed thievery, all accepted and sponsored by our fucking elected politicians.
Back in the old days, men with hairy chests and knuckles would take up muskets to voice their opinions, against these clowns. Instead, today, we just bitch and moan on the internet, while downloading queer songs from fucking iTunes, and sipping on a homo cups of latte.
I’ve had it up to here with this pussfied country. Look at our auto CEO’s, begging for a bailout. If that was me, I’d tell the idiots from Congress: “look pal, we employ millions of people and we’ve been gang raped by your fuck ups too, via devaluing of the dollar, causing oil to spike and now the full blown collapse of the financial system, thanks to lack of regulation. If you want to go it alone, without an auto maker, so be it. Just know, you made things worse. Shame on you!”
Then I’d walk out, while sticking the middle finger at Shelby.
Into the close, I will do nothing. I don’t care if we rally 500 points. I am 45% long, 5% short and 50% cash. I am getting the stuffing kicked out of me, long idiocy. But, I can’t shake the feeling that we are due to bounce soon.
Nonetheless, I will not commit new capital, unless we knife through 7,800.
NOTE: Treasuries are in bubble mode again. [[TBT]] is looking attractive again.
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“If you set your sights low enough, you will never fail to succeed”
Not many players from the original 1987 PPT that is left or can afford to $$.
America
Thank you, and goodnight.
It’s not the auto makers going under that scares me. It’s all the residual manufacturing that would be hit and never come back. Not to mention the people out of work.
If we don’t make cars in this country, we’re going to look like Havana, driving shit that’s 40 years old with no available parts.
The Fly is God.
Bravo Mr. Fly. We are truly fucked.
Die already
Today is the first time I have been truly scared. I am more worried than ever and I think the VIX should be at 90+.
C just printed 6.66. Enough already.
BURN YOU BITCH
Back in the old days, men with hairy chests and knuckles would take up muskets to voice their opinions, against these clowns. Instead, today, we just bitch and moan on the internet, while downloading queer songs from fucking iTunes, and sipping on a homo cups of latte.
Speak for yourself, blue-stater. In places where there are still real men, the real men are buying guns and ammo like crazy.
Here we fucking go!
UYG sub $5, wow, shit.
Flux:
I own a howitzer.
Will the last one out please turn off the light?
The good news is, Molotav cocktails are cheap & easy to come by with gasoline sub $2
Here in the midwest we have many guns and shoot deer for shitz and giggles. Let’s do this!
Fly,
I said it before: your uncommon sense is desperately needed in DC.
Even more, you are needed in Hollywood – that Oscar winning douche Paul Haggis got $4 million to do the Bond movie and I KNOW he shouldn’t be trusted with your lunch order.
You, sir, are the funniest and most sensical profiteer in all of these united internets.
good poing sniper.
however, i saw Pumpkin Chuckers on the Discovery channel.
theres still some leftover pumpkins to use a projectiles
Goodbye DRYS. I hardly knew ye.
You don’t care if we rally 500 points? I would like to rally even 10 points. This is going to be an ugly close.
Thats it, we are done for. Close up shop. Take us to DOW 2000 and then take us to zero by Friday. All companies are worth nothing.
The Fly’s armory.
If the market’s a discounting mechanism six mths out, then some really bad shit must have happened in the future.
Dammmnnn!
I’m rooting for ugly with 95% cash.
Bring on the hogan bottom break!
The PPT wont help unless its short 500 point, then It might break even. Now pepople is the time to stock up cans and jump into murder holes
sniper6, you’d be surprised. I used to believe in that line of thinking, but I always found a way to do what was “normal”. f you’re used to falling short of expectations, and you set them much lower, you will still find a way to mess things up.
Optomists at least enjoy life, and even if they’re wrong, they still find something good and can always look farthr in the future and ask “what glorious opportunities I still have.
This rare breed of optomists that seem to be a dieing breed, will be thinking there about to be a pro football player and makee millions. Then, if for some reason they become cripled in a car crash and say “I”M ALIVE!” YES!!!” and then they’ll look forward in the future and say… Now I can spend more time learning about computers, and I can find a way to launch a million dollar internet business.
Because they were optomistic, they were able to find the opportunity and succeed and do much more than anyone else in their position would.
Where as if a pessimeist had that happen he’d say “I wish I would have died, and they’ll live life as nothing, being nothing but a burden on society.
You do not see a lot of pessimists running billion dollar and million dollar businesses. It’s unlikely they’ll have many women either…
They think everything is pointless so why try?
But by failing to try, or believe in posibilities, they prevent themselves from ever finding a way to improve their lives….
Who cares if you’re disapointed, shoot for the moon, even if you fail, you’ll still do more than those who aim for hell, and you’ll probably enjoy the journey much more too.
Looks like they will have to crash this after hours, too many shorts bidding it up.
Maybe if they can ban short selling again we can really crash.
maybe John Peirpont Morgan will start bidding for stocks
I’m listening to live audio of a meeting of the Regents of the Univ. of California.
They noted that the State is projecting annual 20% budget shorfalls (somewhere around $22 billion) for the full 5-year window they project.
You have to reuse a lot of paperclips to save $22 billion.
OTT- Arnie has had his hand out to the Feds for a while, will go down to his knees next.
No rescue. This is final post of the day.
The title is fitting.
Dow 1300 was a lot better than dow 2000
brilliant.
I think it is interesting that oil is only down .66….wouldn’t that be down a buck or 6 given the news blah blah blah?
Not that it matters since I can’t afford gas or shit like that since I got laid off oat the plant…
Oil to $10, eventually.
Arnie was going to balance the Calif budget by cutting waste and “blowing up boxes”. I don’t know if anyone ever figured out what he was talking about.
Back in, and massively short.
Sold most and sitting 80 % cash and waiting like a fucking tiger hunting menstruating antelope in the African safari.
Fly,
You bastard, I’m supposed to be getting prepped for an interview in 23 minutes and I haven’t stopped reading your site…I find blood in the water all to intoxicating…
NYC gets 31% of their revenue from finance and insurance.
Very fitting, I don’t know if CNBC had it, (Bloomberg is where i saw it) but Thaddeus G. McCotter had a great speech during the hearings today.
I was so very proud to be an American after hearing the three auto CEOs flew in private corporate jets to D.C. to ask for a handout.
Classy.
We can close the DJIA down 500 if we try really hard.
Fellows mutiny is not unheard of at this point… Buy weapons (fully auto) cage up the house and move to the country in a very large hybrid Escalade. Seriously, I think things are going to get very hairy if unemployment increases anymore.
C’mon 7 handle! I want a screen shot!
After committing for what may amount to hours to NSANY @ 6.83, I called my local Nissan Sales Manager and offered $21K cash for non-demo 2008 350Z 6MT.
Of course, he said ‘hahahaha no way…c’mon, pal’. I said fine have fun shuffling your business cards.
He said, ‘Wait, wait…hold on’…3 minutes pass…’How about $21,995 for a red one with 9 miles’…no joke…Nissan may be fucked….TOO.
I guess NOV is a super long bet
Death spiral of the day: National financial Partners NFP, market cap last year 1.75 billion. Market cap today w/ stock at 1.75 = 70 million. CEO Jessica Bibliowicz, Sandy Weil’s daughter…Independent Finacial Planners roll up model valid? All indications say no.
GS back at IPO price.
doh!
Pick on NOV?
Come on.
good night bitch. you earned it
Nissan’s north american headquarters are here in Franklin/Nashville. If they are slowing down, you’d never know it. Local economy (small town) is kickin thanks to Nissan influx.
Life is full of tough choices .. Do I want to buy a pack of gum or a share of GM, AIG, F, etc….
epic
Dow 7,500 here we come.
This is awesome to watch. Feel bad for folks losing money, but man it is good TV!
Can Citi paint a 5 handle before the close?
811 gone. Next stop is 777.
Here comes the retest.
Boom:
Didn’t you lose 2k 3x today?
Im not picking on NOV Flyness… Just saying its a long bet where I hold eeehhhh 750 shares tucked tight up my behind like a female Mexican drug mule : ) < — funny right ha
A retest with no bounce in between. Who’d a thunk it?
idiots will buy at 8k. Will it stick?
Made and lost THE SAME 2k. flat on the day
I think boomer gained and lost 2k 3x times today.
Boomer: That’s cool. But, see NSANY 9.99 year chart and Ghosn’s comments of ‘zero profits’ into 2nd half of 2009. The dealership in my not small town is obviously freaking out.
Maria and Bob watch the GE go!
Capitulate bitches
Deposits are fleeing Citi.
How will the gov’t deal with this?
BAC next?
Scully- I’m about to do an early lease turn-in on a Mitsubishi Galant, they are blowing my phone up for my business.
Don’t pick up the fish!!!
M making a comeback.
since when does anyone pay attention to what I do? I’m flattered by the attention, but don’t follow me. I suck supreme blue whale dad dong.
I kind of just talk to myself and eat biscuits ovah heah.
GS in reverse mode.
Anyone have any idea how large the uninsured deposits are at Citi?
The hogs have come home.
breaking of Thursdays low.
Citi is a fucking monster. It will bankrupt the world, 3 times over.
6% days are normal now.
What a fucking disaster
See you later 8k.
Dow 7 handle. We are all fucked.
Run down the rabbit hole.
BUY BUY BUY
Volume materialized at 811 and they tried to defend it, but were overwhelmed.
Gonna close below Thursday’s intraday low.
Basically, we are fucked.
Good Nov 19th call DEVILDOG!!
Pat Boone on CNBC hawking reverse mortgages to seniors. Convert that ‘equity in your home into cash’. At only 9%
wholly shiiiiiiiit C goes down I couldnt even imagine what will happen. they should just hit the reset button ! who though GS 55 dollars
Zen, no Goats with 442’s …. that was your daddy’s Oldsmobile!
“Back in the old days, men with hairy chests and knuckles would take up muskets to voice their opinions, against these clowns. Instead, today, we just bitch and moan on the internet, while downloading queer songs from fucking iTunes, and sipping on a homo cups of latte.”
Incredibly funny
“paint”, “print”, and “handle” are three wall street cliches that need to go down the shitter, along with Citibank’s stock.
Holy shit, the Dog was right!
Hey, I will buy more C shares @ 5 tomorrow.
Way to DevilDog
I am glad I held my shorts till your D Day.
Nice tape today GS. I told you fools to short this stinking bitch months ago
Yogi & Boo Boo Says:
Anyone have any idea how large the uninsured deposits are at Citi?
———————————–
There is no suchthing all accounts are insured and all loans are guaranteed!!! No risk all profit…HO HO welcome to the bizaro world of banking.
Ummm,Happy Thanksgiving everyone!!!!
What a call by DevilDog. How long ago was it when DD said the market would drop significantly on Nov 19th? Amazingly accurate!
I love being a bear.
Its raining blood on wall street
http://www.youtube.com/watch?v=Sb-DTrMG4vs
The dog is God!
I will never say “it can’t go lower”
I will banish the letters UYG from my vocab!
I am fucked ’cause nothing can get my UYG back to $10
unless we get a $6 move on xlf ; laughable!
FLY-
The Fly gang/corporation of omniscience and total domination of all others will be called ‘Bandiera Nera.’
Now get to it.
Well j, let’s see what we got on 11/19. NEW LOWS on a closing and intraday basis on every index except no new intraday low on the DOW. I guess I was wrong. You win.
BTW, great buy on C today and your BEAV made a new 52 week LOW today. Well done!
Don’t worry I’m sure fly’s PPT and your M1, 2 & 3 will save the rock solid American economy with it’s 72% GDP based on buying shit with debt. BOOYAH!!!
BTW, NEW LOWS again tomorrow!
BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!
Anybody seen art the fart hogan or his buddy GENERATIONAL Bottom(S&P 840)?
if oil loses 4/5ths and goes to 1/5th of it’s current value and hits $10, what does that mean for the market?
4/5th as well? 1600?!
lol, that guy was a “generational ass” alright.
DEVILDOG IS NOT GOD.
He is the Devil.
Hey T MOE, FU! I AM a bear and this sucks. This is beyond beardom. This has entered SUCKDOM.
Top ranked etf’s
No. Ticker Acc/Dist Price Perf. Rel. Strength Volatility Volume Final Score
1 SSG 5 5 5 5 3 4.5
2 DTO 5 5 5 5 3 4.5
3 SMN 5 5 4 5 4 4.45
4 SEF 5 5 5 3 4.37
5 SRS 5 4 5 5 2 4.05
6 DEE 5 5 5 4 1 4.05
7 SDK 5 5 4 5 2 4.05
8 RWM 5 4 5 3 2 3.95
9 PSQ 3 4 5 3 4 3.85
10 SKK 5 4 5 5 1 3.85
Well at least it’s cheap to double down…
Yogi…I am with you. T MOE…go fuck yourself…you piece of shit. You fuckers do not understand what is at stake here…even if you are short…you think your cash is safe? If things continue to worsen, nothing is safe…
Jimmy
I’m through supporting this market. Maria is harshing me with her screaming.
TRV BTFD …. feel free to short at will … Resume inflation vs deflation debate any time now.
Obama needs to exert some leadership here, since Bush is too busy playing Battleship.
Fly just copied and pasted this to my email buddies….I didn’t give you a link though..trust me…you don’t want these eyeballs! Instant Classic.
Does anyone besides me think Sheila Bair is kind of hot in a Librarian sort of way?
(Large white body flashes above the waves for a moment, flukes wide….)
(…. bloody harpoons jutting from dorsal and anterior…)
(one enormous, glaring murderous eye breaks above the surface, the blowhole blasts water and air contemptuously…)
(… just before the white mass sinks again beneath the waves, a body, strapped with harpoon cords to the massive hide, the face, stricken in death…)
glub, glub, glub….
__________
____________
Nice call DevilDog – you were right. What’s next on the agenda?
charlie what post of devildog are you talking about?
Atilla M. Demiray 18 minutes ago 2 points
We tested 805 not 795…
missed by 10 handles
we open well below 800 tomorrow
goodnite all
Nice how the DOW closed down like an old Chevy engine.
CAP, please stick your penis in Maria’s mouth … that bitch is giving me a headache … you deserve some payback, enjoy.
Off to walk the dog … maybe eat a sandwich …hmmm
Wow, I did not think that the forced liquidations of hedge funds because of redemptions (and anyone else being forced to liquidate whoever that is) would go like this. Some great babes are being thrown out with their bathwater. This is really coiling up the spring. You want to be long when this reacts explosively upwardsly.
If anyone has a good idea about how to precisely time being 500% long when it begins, please let us know.
Easy.
Get long a 300% etf on 2x margin.
Long 600%!!!
KC, I agree about the classic part. Not so much on the librarian though.
I cannot fucking believe these fucking dicks think curbing short selling is the answer to our problems!!! Fuckfags, erase Joe Schmuck’s credit card balances for starters.
Obama just has to say five words- Lower capital gains tax rate.
But then again he may be happy getting a bunch of FDR government styled programs going.
Hmmmm, it appears Devildog wins!
Nice call, Marine.
Now, call the fucking turn, wouldja?
_____________
Seriously, I put this Weimer Republic thing in my link as a joke, but now… I’m not so sure it’s a joke!
________
Another great call, Andy Swan. Perhaps you Kudlow and Beanie can go on a “Goldilocks Cruise” together when civil war breaks out.
maybe we could all become pirates
It seems to be a low risk/reward career
I will seize the ports of NYC.
Off to go do something stupid.
I always wanted to hijack a crude oil vessel.
to think I had srs at 114 and sold at 141 holy shit.
skf nad srs are the new JDSU = just dont sell us.
Bearded Pissed Off Dude with Fleece Vest scared the pasta out of Maria and her stupid questions:
Tons of bad assets
Not enough capital
And a terrible economy
No more rescue — Paulson bird-watching
Fly,
im drinking liters of beer. Short ban coming.
!!!!!!
So where is everyone going to drink GlennLivet tonight ?
Fly,
I think I saw you in the gym…stepped on a blind guy’s white cane and then laughed assuming he couldn’t see you…it was amusing in a gotta look at car accident carnage way…
Freakin’ huge day for old Beardy, up 8% and sold half my SRS.
The remainder is FREE you “capitalist” running Devildogs!!
Coming soon: interest rate and currency wars – toe-to-toe with 5-O arch-nemesis Wo Fat and his Chicom thugs.
Gatos Locos Forever.
Chevrolet – “Like a rock!”…Well the stock is anyway…Does Bob Seager know japanese?
Shit who can afford that double malt.
Turning Allman Brothers right now. Nothing goes down this fast with out a rebound.
or Fed interjection
If C and Detroit go under, there will be no need for the last one out to turn off the lights at NYSE. Con Ed will turn off the juice for lack of payment. We are all fucked.
That was nice!!
Implant chips on order…developing
S&P not even 50% off and da bulltards are crying in their malt liquor already. Funny.
SDP….when is it hitting the moon again?…..ma needs some new teeth son….
Sorry boys my next target is S&P 680 which we should see in December. We should get a bounce there based on an ’09 2ND half recovery goldilock’s story which of course is bullshit and will not happen(just like ’08). What can I say, the sheepeoples and cows are stupid(SSF 60). As you know I am an extreme BEAR. I’ve seen how bad the real world can be. I get the sense that most of you on this board have not seen the worst and therefor think it does not exist and can’t happen in America. WRONG. I do not expect a real bottom until 2015…possibly. This is necessary to purge America of people like paulson and his buddies. Until that is done the bottom will not be in. Prepare for really bad times ahead…the GREATER GREAT DEPRESSION and much more violence on an international scale. BTW, unemployment claims will be up again tomorrow and the market will go DOWN.
Watch Asia, Japan and Europe go down the crapper tonight.
Success to all smart(REALIST) BEARS!
Gotta go drink some rich man’s whiskey and clean my .45. Odd no?
Based on the comments here, I’d guess we’re gonna bounce hard soon.
-DT
… and after that, somme fucking Chinese communists will empower America, putting some socialist shit in the head of our children, and soiling our blood …. We got to do something to stop them !
Buy stocks !!! Save the country !
(except financial and auto, of course)
DD, amen.
… or bomb Beijing (prememptively). We still have some nuclear weapons left, right ?
so suspend trading. WHO gives a shit. Service industry BS, unless you pull something out of the ground pound it into something usefull its all smoke and mirrors.
Managing profits from products made overseas and sold to US consumer who is in way over his head in debt. Is a catch 22 business model. The very fact congress and bankers tinker with debt ever tweaking that little extra out of consumers.
BOOM YOU BLEW THE MOTOR.
shocking CITI Group is not getting an congress press.
CNBC = Wreckless [sic]
Short sellers = arc of a diver…effortlessly
http://www.youtube.com/watch?v=WT_HDXWsZeo
Berkshire Hathaway – $7,500 per share below previous 52-week low. Down 12% on the day.
Amazing to see the loss of faith in America.
Yeah I wonder just what Berkshire’s insurance portfolio is looking like. From what I understand, many insurance companies would be insolvent now if they had to mark to market. With commercial RE going in the crapper, they are really fucked.
Thx DD for all your insightful comments. I, for one, am interested in your background. Care to help out?
TIA
BRK a future $2 stock, they’re all $2 stocks.
I really hate to steal El Trueno del Perro Diablo but I called this way before he did.
http://www.ibankcoin.com/peanut_gallery/index.php/2008/10/13/dow-to-6500/
Wait, Devil…DOG and what is DOG spelled backwards?
Hmmmmmm, The Fly wins even when he appears to be losing badly.
Is DevilDog drinking Fly’s rich man whiskey?
http://www.youtube.com/watch?v=SDDCzb3dv_Y
30’s music is so in!
This is how I wouold like to sum up my trading day:
http://www.downside.com/bldgjump.gif
If you notice I got a decent bounce at the end 🙂
Almost 1500 point drop since Oct 13
And I was being optimistic at 6,500.
Consider that the last serious support level was in 94 at about 4k, I’m thinking about loading up on DXD.
After of course, the dead cat bounce rally that will fulfill Fly’s turkey rally request.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayIRzsMlT.6k&refer=worldwide
Devil:
I got out of all my BEAV at 7.45 and took a 20K hit.
I bought 2000 c in the low 7’s.
I sold some other shit out.
I’m not going to die.
But hey congrats on calling it.
Anyone have some good plays(inverse ETF’s/stocks) when consumer credit explodes?
Johnny, try the remedial boards, yahoo, etc..
Thanks Scumbucket!
You’re pretty funny. I’m sure you know that already though.
The Fly’s neighbour?
______________________
Hedge fund exec seeks additions to vast estate
By Colleen Flaherty
Staff Writer
Posted: 11/18/2008 02:40:32 AM EST
GREENWICH – Hedge fund manager Steven Cohen is no stranger to the Planning and Zoning Commission.
The panel has approved many additions to his Crown Lane estate since he bought it in 1998 for $14 million. The founder of SAC Capital in Stamford is back before the commission.
At its Dec. 16 meeting, the panel will likely review a preliminary site plan for two additions, totaling 1,145 square feet, to the 35,085-square-foot mansion on 14 acres Cohen and his wife Alexandra.
Already larger than the town’s recommended maximum volume of 150,000 cubic feet and boasting an ice rink and indoor pool, 30 Crown Lane would gain a breakfast room, a garden room and a “His” dressing room, as well as more storage, from the proposed construction.
Both additions would be built over existing impervious surfaces, avoiding increased runoff, and Cohen has received a green light from the town’s Engineering Division.
The commission was to review Cohen’s proposal is its meeting Nov. 13, but the applicant postponed the review. Cohen’s attorney, Barry Hawkins of Stamford, did not return a call seeking comment.
The postponement may be because of an incomplete application. In a September filing with the commission, the applicant failed to submit full floor plans.
Yep, johnny, I am teh funny, but I wasn’t kidding about yahoo.
http://finance.yahoo.com/etf/browser/mkt
Thanks for the link scumbag!
Yahoo boards? seriously? I’m not looking for ETF advice given by 13 year olds posing as traders. To be truthfully honest, I never followed ETFs. I always thought they were to conservative. I was being ignorant. Seems like the thing to trade these past months. Well at least the Ultra’s. Thanks again
I was razzing you because anyone who needs info on how to short the banks at this point probably shouldn’t be in this f@cked up market to begin with. B careful bra.
http://messages.finance.yahoo.com/mb/SKF