So we are running higher, based upon a stimulus program, that is being funded by more debt? The banks are running because the Gov’t will not allow C go out of business?
None of this makes any sense.
The economy is not going to recover in 6 months. Therefore, buying into this rally is equal to playing with a book of matches, in the middle of a pool filled with gasoline.
I could understand the run up in basic material/construction names. But, I cannot support the view that commercial real estate has bottomed, or that banks are cheap here.
Banks are not cheap. They might have been cheap last week, but not after a 50%+ run.
I should be buying SKF and SRS here, down at these levels. However, with Santa Claus around the corner, and men with small brains on the loose, it makes sense to be careful and make my next move in a very deliberate/careful sort of manner.
Sometime soon, I will sell FAS, BGU, UYM and other longs, while the market chokes on black dust and crushes the hopes of people snorting mustard seeds.
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Jake – CBL looked strong today. Congrats.
“…and men with small brains on the loose…”
Best fucking prose on the net. Tell Danny to take copious fucking notes.
Who in their right mind are buying these REITs with over leveraged balance sheets and ~30 multiples… mind boggling. I want back into SRS but IYR’s momentum has a lot of money behind it.
how many mistakes you just made these days?”None of this makes any sense” and so what? The truth is you are losing money…and another +298 points on DOW.
Meredith Whitney’s weakness is the sleeper-hold, because she’s only an analyst.
whats your target price for UYG?
Wrong. I lost money last week, not today. I have enough longs to balance out my shorts.
I was down less than 1% today.
It was said here not too long ago that UYG was “insanely cheap” at $9 or $10 now at $6 and change it’s too expensive.
I think “the Fly” is just pissed his nefarious turkeys decided to stay around and rally this bitch higher.
“Rip” before the “Grip”….!!
I continue to believe the market is being bought by bearded women and abnormally tall midgets.
I had a good day with my longs. However, my GMXR short fucked me. They cut their numbers today and lowered guidance, and the stock goes up??????
Fuck me.
All the nat gas fags (ie CHK, gmxr, bhi, etc)will be down tomorrow.
Fuck you longs.
Far from over boyz and galz far from over… Actually, LTV of First Fed’s $4.5 billion loan portfolio, and the current LTV using OFHEO House Price Index for price declines.
This shows that about 22.3% of First Fed loans (by dollar) are underwater. It would be a larger percentage using the Case-Shiller price index.
Approximately $1.0 billion in loans are underwater out of $4.5 billion in loans.As expected, the higher the current LTV, the larger the percentage of delinquent loans. Probably most of the loans listed as 90% to 100% LTV are also currently underwater too since First Fed uses OFHEO (and Case-Shiller is probably worse and I believe more representative of actual price changes).
This is important for the entire industry: the higher the LTV, the higher the delinquency rate. As house prices continue to fall, and more and more households have negative equity – Moody’s Economy.com estimates 12 million households currently are underwater, and this will probably increase to 20+ million by the time housing prices bottom – the delinquency rate (and foreclosures) will continue to increase.
I keep reiterating this shit because it proves shit is far from healed. This market is going to have a case of vagina lice for the next year.
Write that fucking down !
Folks this is very simple for those out there who use this site as a menu of ” O shit Im gonna go with some fxp or skf because fly, jay, peanut butter dog and jake say thats what their going to do”
People are jobless, therefore they have noooooo income to payyyyyyy their “MODIFIED LOANS” hahahahaha. So these loans are pointless if people cannot payyyy them stilll. Im not the smartest person in the world but this just makes fucking crazy sense is sooooo poetic that I might right haiku poem. Yes I spelled it right.
Do not sleep on this fire breathing beast…
Tons of haters on this blog right now…
Fly is still probably up 60% for the year.
NSM down 10% in AH on earnings- waiting for TXN,ALTR mid quarter updates. Chips could lead NAZ down in AM but also could shrug off any bad news and if so would be bullish for short term.
Patrick as the guys on here I am definitely not a hater just trying to edumacate some people who think they can trade without knowing the microeconomics of what this mess derived from. Peace
TXN was shit, according to cnbc. 2.3 to 2.5, instead of 2.8 (revenue)
FEDX was crap, too.
neither has moved much.
TXN and NSM aftermarket enough to keep tech. down tomorrow?…
If all the bullshit is priced into the market, why is FedEx taking a nose dive in after hours after reporting shitty numbers, and then giving shittier guidance.
Answer ~ It’s not priced in.
Time for a new round of complete fuckery.
Hilarious watching the bears get all red-faced and pissed.
Sure sign the market is going higher.
I planned to get retard level long pre-market, but couldn’t buy jack that wasn’t already up huge. So, I bought nada.
What everybody knows, or thinks they know, isn’t worth anything. This is a cruel bitch market and today just seemed too easy. How the bitch takes back these gains from the “me too” longs, I do not yet know, but she will.
I therefore remain 100% cash and ready for the holidaze.
Anyone who thinks $6 natural gas, $40 oil and $1.50 gas is here to stay is a complete moron.
I think they all go much lower. we are experiencing a demand shock the world has never seen
^^
You’re absolutely right Fly Jr. – Its obvious natty is going to $2 , oil to $10 and gas to 40 cents.
Love it.
Keep saying that. I’ll happily cover all under bets. None of you understand simple supply/demand/towel head economics.
Eight Bears sez:
Jake – CBL looked strong today. Congrats.
Thank you. I wish I had the balls to have doubled up on my position, but I chickened out and bot the preferreds in size instead. They were between 5.00 and $6.50 though, so that’s worked out okay.
Who wants the inconvenience of giants balls anyway?
________
Copper up 9%.
FCX will print $80 in 2-3 years
Malaka —
LOL. I almost fell off my chair with “Peanut Butter Dog.”
Someone’s gotta grab that moniker.
________
list of companies issuing warnings AH:
http://finance.yahoo.com/q/cq?d=v1&s=FDX%20CNY%20TXN%20NSM%20ALTR%20DHR
Fly Sr and his PPT analyst.
http://www.swiftcommunity.net/userfiles/monk_jpg.jpg
That’s it I had enough of this imbecile.
Vincenzo: Ban Fly Jr and send him to his room, indefinitely.
After Vinnie is done eating his afternoon canoli, you will be barred from the site.
Never fuck with “The Fly,” else face getting murdered and/or mustache punched off.
i thought that was pretty funny. maybe not.
I’m with chivas .. that was pretty damn funny !
Don’t ban Fly Jr.
Rut Roh, rumrhings ruck ron ra ruff ruv ry routh. Ran ry rav ra rowl ruv rater?
While your at it, ban this piker:
“The Chart Addict Says:
LOL!
I made +2% today, +9% last week. Up +272% for the year.
Suck that bitch.
P.S. I did post Saturday, fuckface.”
Who the fuck is “The Chart Addict”?
That is some funny, funny, shit.
Fly;
Just remember…the leader usually takes the arrows!
All those folks taking shots at you are mostly envious…if they really didn’t give a shit what you think they wouldn’t be on your blog. The truth always comes out!
Fly-
Please don’t ban Fly Jr. He provides comedy for this venue. Viva Free Speech!
Yes, you should offer amnesty to “sonny boy.”
_____
semicoductors warned today … keep in mind: those fuckers are the first ones to sky rocket after the meltdown (next year!), when they will start beating their over-lowered forecasts …
Who the fuck is “Donny”?
That is some funny, funny shit.
Important addition to this morning’s analytical conversation.
________
Peanut Butter Dog is making all the hot callz right now! Long live PBD!!
That Contessa Brewer is one hottie! I love that long slender face, light brown eyes. JMHO, She is the Top Info Babe.
Erin Burnett takes unflattering photos.
Question for the one who calls himself Jr., if he’s still around: which one is you sayin’ is The Fly?
Who the fuck is “Donny”?
supposedly an adult, who continues to refer to himself as what his mother called him at 4 years of age. Irritatingly he refers to himself in the third person also.
Referring to yourself in the 3rd should alone disqualify you from this site along with slaps and kicks to the backside, but fly has turned all soft again.
get your FAZ $55 logo buttons today!!!
*t-shirts and bumper stickers available upon request*
Fly Jr.s comments add no value.
“Fly Jr Says:
Copper up 9%.
FCX will print $80 in 2-3 years”
“Fly Jr Says:
Hilarious watching the bears get all red-faced and pissed.
Sure sign the market is going higher.”
gimme a break
Jr….way out of line! Your grounded fucker.
Jake…..”giants balls”? Is that like LT’s Balls or Plaxico’s Balls.
That photo spread just wasted 10 minutes of my day… I think I need to migrate over to Fox Biz.
j.
If you were camping in a tent with some friends and you woke up with your pants around your knees and a sore ass would you tell anyone?
I’m just saving my pennies for the opportunity bear to be presented next year. In the meantime, I paid attention to recommendations on retailers and I’ve noticed some of them recomended on this site are up quite a bit so far this month. M, JCG, TBL, GME, etc.
Kudos to fly for recommending some of them for the holidays. I was considering jumping in but lost my nerve when the Dec 1 slam hit.
i agree with ‘j’. ‘donny’ is a douche. although both ‘j’, ‘donny’ along with a coin purse full of other nitwits who post here far too often are nearly as offputting as anal mites.
Meredith “Ursa Major” Whitney doesn’t pick stocks, she chooses corners.
She no longer lives in a duplex either, she resides in a suplex.
“A Rally Mounted on Nothing”
That is worse than a dry hump.
Would that be an “air hump?”
So unsatisfying…
mrkcbill –
fucking great…..
j.
If you were camping in a tent with some friends and you woke up with your pants around your knees and a sore ass would you tell anyone?
Yeah, this rally is really justified. Add this to your daily dose of bad news:
Clark County foreclosures expected to top 30,000 this year
By HUBBLE SMITH
LAS VEGAS REVIEW-JOURNAL
Home foreclosures are expected to top 30,000 in Clark County this year, compared with 11,509 in 2007, a California-based foreclosure investment firm reported.
Foreclosures.com. counted 2,974 foreclosures in November, bringing the total for the year to 28,133. The monthly number is up from 2,653 in October and more than double the 1,407 Clark County foreclosures in November 2007.
J-
What the fuck is your fucking problem Bozo? Why do you continue to harp at me?
I think I know … you, like that other (self admitted) cock sucker, CAP, have been on the wrong side of my position in the past. And have lost major coin. And before you deny this motherfucker, start telling your exact positions, both in and out. Not 20 minutes later … 1 minute later motherfucker.
I know you will fucking deny this because you’re a cock sucking coward!
Fuck Off!
Karen Tso’s shirt is about to rip open. Too tight.
New Poster –
How many of those foreclosures were owner-occupied vs. investment properties?
I’m guessing lots. Every tom, dick and joey bag o’ numbnutz thought they could buy a house in NV and double their money because they saw a couple of episodes of Flip This House.
The same douche writer (Hubble? really?) penned this article in that same newspaper from Feb. 02, 2007:
“I don’t care what anyone says, prices in Las Vegas will continue to rise,” Bottfeld told 1,100 real estate professionals at Crystal Ball, which was held at Texas Station. “Here’s the challenge. This is Las Vegas. We can bet, right? I’ll make my maximum bet on the percentage over or under (price appreciation), I’ll take the over. So Bottfeld gets paid on the over. I’ll bet Moody’s, Fortune, I don’t care.”
http://www.reviewjournal.com/lvrj_home/2007/Feb-02-Fri-2007/business/12345960.html
So, i defintely do not think the worst is over (especially in real estate) but foreclosure rates in Clark County, Nevada don’t mean sheeeeyit.
$.02
my friends the sheep are bout to get sheered
To address “the fly’s” earlier comment… Wrong sir… I am an unregistered sex offender, if by sex offender you mean “liberator of women and nailer of bottoms.”
-DT
Heads up for T-pup, Karen Tso shirt is about to pop a button.
Yes, it provides some warmth amidst the snow here.
Donny is short and getting ass raped.
CAP is long and banking coin . Odd no ?
Donny, I was in your backyard this weekend. I can’t believe some asshat(s) called Candy bros paid $500 mil for a Robinsons May and 7 acres on Wilshire and Santa Monica in April 07. Gimme a call when its bank owned and selling for $50 mil.
I must have counted 2 dozen Bentleys and Rolls, a dozen Ferrari’s , half a dozen Lambo’s as well as countless Aston Martins and Maserati’s. Who’d think SoCal was in a recession ? People in BH are living larger than ever.
Irony Gap, the regapped gap. Let’s do it again, tonight even, or before expiration heh
Donny
man up. Supposedly you’re an adult and not a kid so start calling yourself Don. Donny is for kids and no 3rd person bullshit either as it really irritates the shit out of everyone.
And no “Donny” Don I haven’t been of the wrong side. Just start behaving like a freaking adult.
Butthead says:
If you were camping in a tent with some friends and you woke up with your pants around your knees and a sore ass would you tell anyone?
You, know butthead that sort of shit doesn’t happen to real men. That only happens to gay people who call themselves kids names and refer to themselves in the 3rd person thinking its cute.
Real men (unlike you and Donny) don’t get reamed up the butt by gays.
Take it to a private sandbox.
The Market Fool has been getting his ass handed to him lately attempting to fade the fuckery. The MF has gone from 175% gains YTD to 120% YTD gains. The MF’s bullshit account is more than 5 figures so it feels like I’ve been “cheese gratered”.
Donny is a fine name I’ve got client (my other career) that goes by the name of Donny. He is a fine gentleman and one savvy and generous cat as well.
I’ve noticed there are posters on here that cannot discern reality from a romanian fuckstick..
This market feels like a daily coin toss…
see
http://www.youtube.com/watch?v=TAVEXE6ADcs
I agree, Chart Addict thus far has not earned his tab in the great halls of IBC. All he’s been doing so far is selling his subscriptions with after the fact information. Fly, why are you helping this kid sell his own agenda. Only room for Fly and the PPT at IBC.
Nice …. Thain looking for a $10 million bonus while BAC stops funding to a Chicago Union shop suggesting they cut employee benefits: Message to the public … shut down blue collar jobs but give the white collar exec his bonus from the U S Taxpayer fund …. the corporate greed meter continues to rise …
http://www.dailykos.com/story/2008/12/8/121012/109/555/670675
Grandpa,
I support your decision to ban Dad from your site. It might make him spend more time with me.
Lately, all he does is talk shit about his CNBC Million Dollar Portfolio to various internet messageboards and send fan mail to Larry Kudlow. That and wank off to Mindy Cohn or every now and again, he’ll rub one out to Tootie.
See ya at Christmas,
Trey
Marlin — first of all, you don’t have to read my shit. Stop reading my blog if you think I’m not worth my salt.
2nd – I don’t tell people to sign up for anything. I timestamp my trading actions for motherfuckers like you who can’t make a dime. You might learn a thing or two. You think I give a fuck about you? lol.
3rd – You’re a short-sighted…you simple-minded fool. My market updates for the current day are to be used for the NEXT trading day. Move forward to the future, buddy. You’re supposed to learn the support/resistance lines, moving averages, candle specification, price/volume action, divergences, and other shit you have no clue about and use that info for the next trading session.
4th – change your fucking name. Don’t even get me started on that shit.