Short sellers are responsible for the following events:
The Bubonic Plague
Hiroshima & Nagasaki
The Kennedy’s
The General Slocum Steamship disaster of 1904.
The Influenza Epidemic of 1918.
The Ukraine Black Famine of 1932.
The Lisbon Earthquake of 1755.
The Collapse of the World Banking System of 2008.
The Bhola Cyclone of 1970.
The China Floods of 1931.
The Collapse of Lehman Brothers of 2008.
The 8th Century Hail Storm at Roopkund.
The Iranian Blizzard of 1972.
The Peshtigo Fire of 1871.
AIG
The Shaanxi Earthquake of 1556
Mount Tambora
The Bengal Famine of 1770.
The Dutch Famine of 1944.
Fannie Mae/ Freddie Mac
Holodomor
The Stalin Purge
General Motors
and many many more.
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I hate to be the first to comment on this post, but I am assuming you mean “Carolyn?”
Thanks to Allah.
_________
What, is that some Emo band name?
The CIA killed Kennedy.
Also,
Don’t forget to change your logo again tomorrow.
_______
you know one of the conspiracy theory ideas is that one of the motivators for the plotters was that Kennedy “allegedly” wanted to get rid of the Fed. I have no idea as to the veracity of this claim. But, events of the last year suggest that he may have been on to something!
Wood,
It’s the name of his new garage band.
I think I read in the Voice that he’s got Neighbor Steve on the sticks.
Look for them to tour Richmond this summer with their new single: What the Fuck, Ovah Heah?
__________
No way Kennedy wanted to get rid of the Fed.
He was old money from the early 20th century, one full generation removed from the criminality.
That’s when you want the Fed.
_______
Addendum: Very enthusiastic book rec: James Ellroy’s American Tabloid trilogy, which I don’t believe is finished as of this date (but the first two are out, and fantastic).
_____________
Fly,
Where do you live….. When you are out of your time machine of course. From your recent shopping posts, I tend to believe you have a home in NJ. That surprises me, I figured you wouldn’t settle for anything less than a penthouse on the Upper East Side.
Jake year end rally is a fancy illusion, lest ye not forgets.
Danny —
An illusion, and perhaps an allusion.
But it shall not come to its conclusion for a while.
_________
No doubt he is referring to Cramers off the wall rant tonight that the shorts nearly caused Great Depression Part Deux.
Thor —
Don’t be ridiculous. He has children he wishes to grow up “near normal.”
Raising children in Manhattan is asking for years and years of heartache.
____________
Jakey, did you get a kick in the nuts, this weekend? I sent one, airmail.
Jakegint,
I can agree with that, the Fly does seem to show mercy towards his family, opposed to old men with canes.
Do the tabbed bloggers of IBC know The Fly personally?
Jake,
check this out… http://www.john-f-kennedy.net/executiveorder11110.htm
Jakey, did you get a kick in the nuts, this weekend? I sent one, airmail.
He mentioned that, but it’s his wife that I fear.
They just left, btw, and they are bringing the ice with them. Cheers.
__________
WooHoo how about a fucking bailout for the Madoff investors!!!! Fucking shit ass mother fuckers I hate you all and you bailout grave robbers. Shitfaces. I hope you freeze outside in the cold in downtown Chicago.
Ok rant over, where is that shit eater DEVILDOG today? I was hoping to ask his advice. Fly Alah is going to be fucking pissed that you are short oil, you better watch out.
By the way where are all of those global warming fucks today, my fucking cock’n’balls froze off today in this fucking -24 below windchill, you fuckers can go fuck an egg yoke with that fake shit.
Bailouts for all the people!
Thor,
I know “the Fly” personally. He’s a dick.
-DT
DT,
I have been lurking around IBC long enough to know “the fly” would not admit to knowing you.
The Fed is a great thing to have in a time of crisis. Unfortunately, we mainly use it to shoot ourselves in the foot and now it’s hamburger.
SEC – what a bunch of stupid fucking clowns. Did you know that those fuckers have an annual budget of $906 Million? We spend almost a Billion a year for a bunch of worthless, piece of shit CLOWNS.
I KILLED KENNEDY. Period.
DT,
Tho you may have had a “personal relationship” with many dicks,
it is doubtful that The Fly is among them.
Happy Holidays!
Longs are fucked
Anton,
That was very good.
In truth, we’re members of the same beach club. True story.
-DT
I know something you don’t know
DT-
The thought of cabana wear on turret-bound, fluorescent lighting-tanned traders shall stain my imagination for some time, Sir.
Thank the Gods it is “happy hour.”
I already admitted killing kennedy.
DT—what does Mr. Fly look like?
When I come here and read his posts I picture a beer-belly old bald man with a foul mouth who hates people and wears week old jeans and tee shirts.
Granted its not a pretty image in my head…especially from New Jersey. Real blue collar prolly type. Granted there aren’t any gentlemen on this thread anyway.
I hate the bulls.
Why, I do believe that’s Amherst College class of ’42’s Burgess Meridith on the cover of iBC this night.
___________
Dino Commie — are you talking about a beach club on the Isle Of Lawn?
(Cause that’s the only beaches in the NY Metro you wanna be tawkin aboud.)
________
It was me. Fidel helped.
P.S. Happy Birthday Mr. President.
Pretend like you never started this topic and we will forget all about it eh Fly Boy?
That would be Burgess Meredith’s fine performance as Lucifer himself in “The Devil’s Printer” Twilight Zone episode. My daughter is an addict…
As my good friend Bernard Made-Off always said:
“I reject your reality and substitute my own.”
Lady,
“the Fly” has a tight perm and he carries around a spoon collection. Those are his main field marks.
-DT
I think “Lady Guenevere” is a man. jmho
Shorts are fucked
Junkspread:
For getting the front page pic correct, you get a free trial of PPT BETA, whenever I make it available.
Email me.
There is anecdotal evidence, at best.
Evil shorts. Evil ETF’s. Evil guns.
Screw responsibility. That’s not capitalistic… anymore.
Shorts caused the Bird Flu to migrate to humans
Don’t forget about the Blizzard of ’78. Missed a week of school because of it.
Shorts were definitely responsible for that one, just look at a chart of the Dow from 1/1/78 to 4/1/78.
The Dow started the year at 830 and was down to 740 by the end of February, a drop of nearly 11 percent in two months. Pricks.
Thankfully, the snow started melting in March thanks to the dip buyers.
rifuckulous.
If you fucking beat this prick long enough, he’ll tell you he (who was short stocks) started the goddamn Chicago fire, now that don’t necessarily make it fucking so!
Do I get some free shit for noting that the Ukrainian famine and Holodomor are the same things?
(and calling Burgess, Class of ’42, sans Serling episode)
___
The Makoff Mudbath of 08
caused by FXP and Beav….
Fuck Cramer. Someone put that guy out his misery.
Fly,
You forget the big one… AIDS
Oh yeah Ebola too.
Also, the real reason we invaded Iraq was because Saddam was short 100 shares of HAL..
The shorts also caused Buckner to let that ground ball go between his legs in ’86 and Bartman to interfere with the foul ball at Wrigley.
Dammit Fly, you had Mount Tambora…nothing for me to add…except for maybe Oprah
Firebones.
That wasn’t the shorts with Buckner.
It was the gods of Justice and Light.
_________
The Chart Addict, I left you a comment, but the f-ing spam filter got it. Release it, when you get a second. Thanks. Also, according to akismet, if you click “not spam” it will eventually learn that I am not spam.
Poppy Harlow looking excellent in true Karen Tso fashion tonight with her nerd discussion on Goldman blah blah blah (whatever).
_______
What’s up with the capitalized “THIS IS THE…”?
How do I release the spam filter
this just in via drudge report:
petition to rename the grassy knoll the ‘grassy short’ floating through congress atm.
Fly
You sure that list is what the shorts have caused. IT looks awfully like a list the AGW crowd would use to prove global warming.
The Kennedy assassinations were definitely an AGW phenomena.
lmao at the comments modification Jeremy! That’s really cool!
The Fly Speaking:
Is Jeremy making a funny at “the Raptor’s” expense, or was this your idea?
_______
lol
December 16 is THE RAPTOR APPRECIATION DAY
That “this is the XXX speaking” is fucking cracking me up!!
Jeremy:
bravo.
________
Shorts killed my brother William Wallace.
This the Anton Cigur speaking
I am still speaking.
I am still speaking and the world is still freaking.
(Let’s see what happens with this post.)
…How may I help you?
Not the fun house mirror effect I had hoped for.
Still, no joy.
Nite-nite.
http://lh6.ggpht.com/_I5jxcQGv50M/R5OwcibMi5I/AAAAAAAAB0o/tX_ctFGd5KI/IMG_1075.JPG
Jeremy,
Your link, if that is your link, is like a James Joyce metaphor about vaginas interpreted by Bob Dylan and made into an album by the Indigo Girls:
It cannot be penetrated by man.
Very clever, Sir, your interweb fuckery, in an avant-garde-haircut, post-literate way.
Finally, I bid you, “Good night.”
Why is everyone fucking speaking? STFU all of you.
I was caused by short sellers
I was brutally slain by short sellers
I was beaten by short sellers
Short sellers sucked my brain out with a straw and made me fucking retarded
http://www.youtube.com/watch?v=RKc4XFK0iVY&eurl
Dec. 16 (Bloomberg) — Francisco Blanch, the Merrill Lynch & Co. analyst who called the $147.27 record crude-oil price nearly on the nose, sent markets into a tailspin with his forecast that the next move may be back to $25 a barrel in 2009. Such relief for consumers may be short-lived once the global recession ends, he said.
“If we reignite economic growth to a very fast level, we will have a shortage of energy again,” said the 35-year-old head of global commodity research at Merrill Lynch in London. Oil may rise to $150 in two or three years, said Blanch. World growth will reach 2.2 percent next year and rise to 4.8 percent by 2011, according to the International Monetary Fund.
Blanch changed his 2009 price forecast at least four times this year as the worst global slowdown since 2001 spreads. His most recent estimate that crude may fall to $25 came on Nov. 26. The Organization of Petroleum Exporting Countries’ 13 members meet in Oran, Algeria, tomorrow to try to stem crude’s decline.
“A shift of views from an analyst is a good thing,” said Pierre Andurand, chief investment officer at BlueGold Capital Management LLP, a London-based hedge fund that manages $1.1 billion. “It means he takes the change in economic conditions and the change in balances into account. We can’t say that for many of them.”
On August 7, with crude about $27 below the record set about a month earlier, Blanch said he expected oil demand to be supported by “very healthy” growth in emerging markets.
The following month, Lehman Brothers Holdings Inc. declared bankruptcy, credit markets froze and recessions in the U.S. and the Europe deepened.
Short sellers make it so that we can’t have economic growth without severe inflation.
Funny.
* Creation is the immeasurable mystery suspended in immeasurable expanse.
* Creation is identical to ‘Universal Consciousness’, which guides and prevails in the BEING of consciousness; it is a double-helix, egg-shaped configuration that simultaneously constitutes the Universe in its growing expansion. Its pulsating double-helix arms live as spiritual energy, while rotating against each other.
* The Universe is Creation’s internal and external body.
* Creation — through its entirety pulsate the Universal ‘Gemüt’ (a non-translatable German term for the spiritual counterpart to the psyche) and the Universal Consciousness, the power of life and existence in general.
* Creation pervades everything and everything pervades Creation, therefore forming oneness within itself. Within this oneness occur all life and all of the evolution allotted to it.
I know it’s all the shorts fault but:
The Pound has broken out against the Dollar:
http://i73.photobucket.com/albums/i213/dkiernan/Poundupandout.jpg
But not so much against the Yen:
http://i73.photobucket.com/albums/i213/dkiernan/Poundoutofluckjpg.jpg
You like Blade Runner? This could get interesting.
Ha Ha
i see what you did there
Fred!
Wow!
That was an awesome video on the economy.
Just reminded me to mention Tom Scholz, one of the smartest men to ever live. Merry X-Mas
Everybody knows Joe Dimaggio killed Kennedy. Old Mr Coffee was pissed the Kennedy boys were tagging his ex wife and one day he went behind the grassy knoll in Dallas and took care of things with his hunting rifle. The Yankee Clipper was a very good shot and could hit the shit out of a high fastball.
.
SHIT upgraded to buy, over at declining GS.
Never underestimate the power of poop. 😉
Thanks . I would agree with that.
Trade , DO NOT invest in me, THE SRS.
Good luck.
checkout latest Nova/Ursa stats :
http://www.schaeffersresearch.com/streetools/market_tools/rydex_nu.aspx
wtf is going on with the speaking shit?
GS Goldman Sachs prelim ($4.97) vs ($3.73) First Call consensus
Fly
hasn’t the estimated gone up since the first call? $2 bill is what I have seen and they came out with $2.1 bill loss.
GS huge loss – check
Shitty economic data – check
World coming to an end – check
Futures still green for no apparent reason – Check Bitches!
I don’t know about JFK but there was a second spitter on the grassy knoll who got to Keith Hernandez. It wasn’t Newman or Kramer.
What the hell is going on here?
The gas leak in Fly’s boiler…
BAC Bank of America: Additional details of FBR’s reinitiation of BAC with an Underperform & $9 tgt (14.11 )
As mentioned earlier, Friedman Billings reinitiated BAC with an Underperform and $9 tgt, equal to 0.6x pro forma tangible book value of $15.50. The firm’s chief concern is BAC’s thin tangible common equity. They calculate a tangible common equity ratio of just 3.15% (including its October capital raise, the acquisition of Merrill Lynch, and TARP warrants), which is just too low. While BAC’s capital will be rebuilt over time, they expect that it will have to raise a substantial amount of new common capital to jumpstart the process, which will dilute existing shareholders. They recommend that investors stay away from the stock until this initial raise is complete. Their 2009 operating EPS estimate of $2.00 is well below the consensus estimate of $2.61, which they attribute largely to continued, elevated provision expense.
GS Goldman Sachs: Moody’s downgrades Goldman Sachs to A1, negative outlook (66.46 ) -Update-
Moody’s Investors Service downgraded the long-term senior debt ratings of Goldman Sachs to A1 from Aa3, excluding FDIC-guaranteed debt. The Aa3 deposit ratings of Goldman Sachs’ banking subsidiaries and all of its Prime-1 short-term ratings were affirmed. The outlook remains negative. The downgrade of Goldman Sachs’ senior debt to A1 reflects (1) the increased vulnerabilities that the ongoing credit market crisis has exposed in the model of Goldman Sachs and other wholesale-funded investment, commercial, and universal banks; (2) the likelihood of increased structural subordination for Goldman Sachs creditors relative to its bank-level creditors; and (3) a persistent difficult operating environment that will continue to challenge the co. Tempering these issues, Moody’s is now incorporating one notch of benefit to the co’s ratings for potential systemic support. Finally, though Goldman Sachs’ 4Q2008 results announced today were consistent with Moody’s expectations, they were a factor in this rating action in that they reflect the business model issues the firm faces.
GS misses and the stock rises in pre-market? WTF. The number may not have been as bad as expected but they did lose money and their core business IB was down 48%. How are they going to make money going forward? They will never return to the glory years. If we see a huge jump in the shares I will add to my shorts. GS and MS are broken.
And they caught a credit downgrade to boot.
When will you get it?
There are assholes out there who would buy stocks, even if NYC was blown to pieces by a hydrogen bomb.
Asshole dip buyers are everywhere.
I believe the whisper number on GS was a loss in the area of 5.45 and it kept going up.
For the first time I agree with Moody’s. Goldman has some serious head winds along with the rest of the financials including JPM. JPM is having trouble unwinding Bear’s shit, wait till they get to the shit that they picked up from WAMU. Serious shit there!! Especially from the Long Beach MOrtgage wholesale part of WAMU. This was the worst of the sub-prime. BAC JPM, GS, MS hell all the financials still look weak IMO
Fly-
When do you expect the eventual downgrade of the oils? Do you expect the OPEC cut will have much of an effect or is already baked in?
More here’s a question for you.
If you knew their model was broken and that they weren’t going to make any money why are you talking about selling it now rather than a few weeks ago when the estimates came out?
In other words this is now old news and people are beginning to look into next year. That’s where the bet is.
FLY
The downgrades don’t mean squat any longer from a funding perspective. If they need cash they either go to the Fed window and deposit a pile of dog shit there, use the FDIC credit rating to issue bonds or simply rely on the guarantee to rake in deposits.
You guys just don’t realize the potential earning power of banks going forward and will only get it when they’re much higher. The large banks a protected species.
How big is this Kass-hole’s ego?
He writes an entire article about the Made Off Thievery that can be boiled down to — “I toldja so, nyah nyah nyah,” and Bernie Madoff should probably just kill himself.
Supposedly, he too lives in Palm Beach. After the above article, I bet he’d get shot by some crank before Bernie.
____________
would not suprise me if Mrs Market took advantage of expiry/xmas/obama type seasonality (and alot of bearish bets) to instigate SPX 1k type fuckery before tankage recommences.
T OM
If you read any of my post in the last year on this blog you would know that I have been shorting Goldman all year.
Read me and weep SKFers and FAZzers. For I am plus 3.6% in the pre and shall unleash much ramping and puffing in the absence of many participants.
American International Group Inc. said its U.S. life-insurance companies sold their interests in a pool of $39.3 billion of residential mortgage-backed securities and used the money to settle outstanding securities-lending transactions.
The residential mortgage-backed securities were sold to Maiden Lane II LLC, a newly formed firm owned by the Federal Reserve Bank of New York.
“The creation and launch of this financing entity will eliminate the liquidity issues associated with AIG’s U.S. securities-lending program,” which will help the insurance giant repay its loan from the federal government,
What a fucking shell game!!!!! The people are too stupid to figure out how big they are getting fucked
This is the T MOE —
That’s what the Fed has been doing for every hurtin’ bank in the country for the last year.
This is a surprise to you?
___________
Sorry Moe Tom was me… from an earlier joke.
Yes I do know that. good trading by the way. I’m talking about going forward.
I along with a few fund type buddies are trying to buy a small bank in Oz being sold by an overseas bank as the return potential is enormous.
Like there you can issue government guaranteed bonds, raise deposits with a government guarantee and buy paper that you don’t have to mark to market if duration risk is eliminated.
Govies around the world have created the biggest, “the hugest”, the most enormous moral hazard we have ever seen with banks. That’s where the real crash will come from in 7 odd years. Banks are now sovereign risk. And they are operating and will operate in an environment where the spreads the biggest we have ever seen.
They won’t be able to take most of these guarantees away in a few years as it will create an even bigger problem. It’s like an octopus that wrapped itself around the banking system and will never let go.
Maybe Mr. Fly some people just dont hang onto all the negative as much as you do. You consistently trade against the trend or ‘ wish for shorts and bears to dominate’ all the time. Well its fine to have your own opinion but the market doesn’t care about your opinion –at least that is what I am constantly told by traders….
So if people are buying the dips and if stocks are going up and if things are not crashing and burning for a while then I think you might try …going with the flow…trade the trend while hedging. I have seen you do this lately.
You always seem to bet every day that things will crash and burn—or SHOULD crash and burn because that is what you have decided.
There is a Universal Law which states: ALL is an Illusion…we create our own illusion or reality. So there are 6 billion illusions being created everyday. Some of these illusions gather momentum and join together and create larger illusions that others then decide…must be more valid than there own ‘ illusion/reality’.
The point is….you can keep your own illusion(beliefs) but at the same time ‘ move in and out’ of other people’s illusions. Mastering the Matrix is the point and the ultimate goal in life.
Really cool post, Lady. It’s going into the Epic comments section.
Don’t forget the Great Molasses Disaster of 1919…