Here is the short list. Progressively, I will narrow the list down to “Four Horseman of Certain Death,” for 2009. NOTE: this list does not include “non-financials.” Sometime soon, I will reveal a “top fucked” list for the oil/gas sector.
SLG, MAC, COF, LYG, WF, SHG, SLM, MET, CMA, Mi, ZiON, ESS, TCO, FHN, PACW, LM and WFC.
Reminder: “The Fly’s Four Horseman of Certain Death,” 2008–
DSL—all the way to zero.
FED
FHN
Developing…
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obama is god
Pick a bank, any bank.
KB Homes, Centrex Homes, Pulte, D.R. Horton, etc. Haven’t you heard, all of their sub contractors’ illegal labor went back to Brazil/Mex/Cent. America. Now they will have to sub the framing to “the crackers” who demand a 30% premium.
not sure why my last comment was deleted. just wanted to know the magic secret of those “30% winners” to offset your “theoretical” FAZ trade in the earlier post.
I Run – http://www.youtube.com/watch?v=HnRc46xWSfI
AZZ just seems like a silly ticker symbol, so maybe it will go to zero.
Gun Slinger,
Is that such a bad thing?
I used to be a subcontractor for Pulte Homes at Sun City, Palm Desert, between 2000-2004, and everything was fine. We didn’t have any illegals working for us.
We were happy, Pulte was happy. Then things changed.
If American workers ever get a decent wage again, we just might be alright.
LEGAL immigration is just fine with me.
Anyone interested in saving their country might want to check out:
(www.numbersusa.com)
Before the new administration gives blanket amnesty.
God Bless what is left of America.
HBC……..that was easy.
FLY- can you post this video…its classic.
http://www.youtube.com/watch?v=DcKSwRzG0pg
U.S. is screwed. U.S. companies do anything and everything to get cheap ass labor. Illegals do all the manual cheap ass labor for no pay, while asians with worker visas do a majority of science jobs these days. I wonder if people realize that a Ph.D. in molecular biology gets $35,000 starting salary. Why? Because asians take that pay and are happy. YOu could make $35,000 outa high school and not waste 10 years more in college/grad school.
At least scumbag bankers don’t have jobs now either.
EQIX — Data centers are cap intensive with diminishing returns as storage becomes more and more commoditized. Eventually EQIX goes lower.
re:cybtropic –
PhDs in biochemistry make considerably more than $35,000 a year. Basic lab techs make that much. You might make that little if you’re still in school working under a prof.
Inever made 30 percent on winners. I had unrealized gains of 30 percent on UYM and FAS. By the time I sold my longs, I gave back half of the gains, locking in 15 percent.
Now fuck off
CYb
that’s the way it ought to be.
PhD’s aren’t worth shit if you can’t make money.
Yea basically doing any sort of bio research work pays crap. AFter doing a Ph.D., you gotta work as a post-doc, which pays $35K. Industry jobs pay more but require post-doc experience. SO anyway you put it, starting salary is around $35K.
I’m not arguing whether research work is worth or not, I am just saying that it pays crap because imported workers do it for cheap, just like illegals do everything else cheap.
At least shuffling money from place to place pays millions, and tens of millions when you are fired.
Oil. Oil is gay. It goes to zero…
DSL’s already at five cents.
You can’t even get a good psychologist for that price anymore…
ho mommy is gay.
Euro and pound look like crap.
I added to my pos earlier as I think the Euro could test below 1.3 and the pound test 1.40
.
My vote gets added for RF. Common stock is meaningless in this environment.
http://concisetrading.blogspot.com/
So what exactly happens if you short a stock and its price DOES drop to $0.
cybtropic: right on.
potatomuncher: Not sure where you are, but I don’t think your experience reflects how that work is in most of the country.
I left hard science when I saw how three companies handled the h1b boom – one that hired Americans went bankrupt, one packed up EVERYTHING and moved to India.
The third happened to be owned and operated by a fellow who was also a high-ranking faculty member at the local university. He had a beautiful racket going – bring over foreign PhD’s as “grad students”. They would, of course, work for his company, for minimum wage, and were on the “permanent student” plan.
If the company goes banckrupt I guess you don’t even have to bother covering – you’ve already made your money and its done!
But if you short a stock at $5, then it hits $0, what is the percent change? Does the fed send you a printing press and let you have it at?
MET ? Most of those I understand, but why MET ?
MET is loaded to the gills with debt. It is my long shot.
I have no positions in any of the above names, by the way.
Who has the most counter party risk to the RBS blowup?
COF is dead man walking..earnings this week will likely be a shit show…great pix fly
how the hell is COF in trouble, when they charge poor assholes 20%+ to carry their pathetic balance? are they involved in all of this leverage bullshit, or are we expecting retail credit to get so bad that they can’t write off the small percentage of outstanding debts owed by losers?
Best bets for retailers dead pool?
COF is in trouble the same way all for-profit organizations are in trouble – did you see that fucking commie fest in DC yesterday? It’s gonna get ugly, ugly, ugly. There will be blips of hope but in the long run, we’re fucked.
The theme song of the Obama generation:
http://www.youtube.com/watch?v=rLQJ4toj-JY
okie, you retard, this isn’t about the political affiliation of the president. obviously the last one was a complete retard, so hopefully a brain will overcome the liberal tendencies of the new one. keep acting like this new “commie fest” has anything to do with it.
ps – feel free to move to civilization. no one cares about oklahoma.
punyandy, I agree, it’s not about the president. It’s the congress and the rest of the criminals that are in charge of our treasury. But the mood of the population has shifted dramatically left, providing more than enough support for whatever centralized controlled market ideas they come up with. I am thankful we now have a president who can speak without embarassing the country but I fear the policies to come…
Fly,
True, they’re loaded with debt – but all the insurers are; it’s part of the business model. If MET goes down, they’re all coming down.
Looks like OML, MFC, LNC might be softer targets.
@Damon,
North America is going to see a brain drain. I posted about the idea already.
As for your mishmash of cryptofascist quasi-libertarian ideology posing as “politics”, I suggest you get thee to a real history book so you can learn that anyone who isn’t a descendant of a First Nation person, is in fact an immigrant.
If all the immigrants left, you would have a hard time making ends met in the squalor that would be left.
While I’m speaking on it, consider this:
The Indigenous Peoples of the Americas are significantly more the rightful heirs of this hemisphere than anyone else, from the Inuit in Nunavut to the Argentinians in Patagonia – they are the original settlers of these lands.
So get creative with your ignorant ideology because it’s painfully obvious that you can’t generate an original thought on your own.
COF is screwed because debtors will wake up one day without a job that keeps up with the reason they borrowed in the first place, and say to themselves, screw paying 20%+. FICO? Screw that too. Cash will be king, and paying anything above a local loanshark will be regarded as obscene. COF is on thin, thin ice, as 75% of its earnings come from card operations. That is one fucked company.
I will wager that it will be a fortune cookie per FLY soon enough……
good post, okie. i am the asshole. we are probably very similar in our beliefs. hopefully things work out.
I hope COF doesn’t go to zero. They bought out my bank from near bankruptcy a few months ago.
and here I thought the theme song was:
http://ca.youtube.com/watch?v=oqeSUAlI5uI
(more great Canadian rock)
i just don’t see this scenario where people en masse wake up one day and say “fuck it i am not paying for my credit card.” these assholes have made minimum payments for years, and will continue to do so. COF may be a piece of shit company, but human nature says they will continue to extend credit, and retards will continue to pay it off in 30 years. everybody wins.
Fly, do you also write for this blog?
http://fuckyoupenguin.blogspot.com/
just curious.
Great one Cuervo but I think this song by the same Canadian band is a better fit:
http://www.youtube.com/watch?v=hUokMbJC3P8
This resonances with my zeitgeist
http://ca.youtube.com/watch?v=NKsQe31ApMs
“i just don’t see this scenario where people en masse wake up one day and say “fuck it i am not paying for my credit card.” these assholes have made minimum payments for years, and will continue to do so. COF may be a piece of shit company, but human nature says they will continue to extend credit, and retards will continue to pay it off in 30 years. everybody wins.”
They made minimum payments because that’s all they could afford. That was “with” a job. Miss a few payments, rates skyrocket, and suddenly the debtor realizes that it’s a rabbit hole, especially when it’s not just with COF, but with C, BAC, Discover, etc….
Massive amounts of credit was extended, and now, “POOF”, it’s gone. Lines are drawn down, rates and fees accelerate, and the “retards” who once met the minimums, are still retarded, yet now their are more of them with no jobs who could give a gay fiddle about a stupid minimum payment when gas and beer are more important. Credit was extended like no ones business. Now, like the real estate collapse, it will be everyone’s business.
Conclusion: Short COF with impunity
Damn Cuervo, I didn’t figure you for the Sum41 type. Rock on!
Add STT to the list of companies that are going to get boot stomped.
I guess you didn’t pay attention when I had residence in the Castle of PeeG in December?
Cuz http://ca.youtube.com/watch?v=dR6mEu5-egA
Probably not my favorite artist or even type of music but I’ve always felt the raw emotion and energy come through in that song from the first time i heard it. And in my opinion, that’s what great music is all about.
Fly: Just out of curiosity, how do you figure shorting Zion?
Top Long Picks for 09?
Would you buy stock with ticker POS ? Traded in toronto
MAC is my bitch.
As you probably are aware today is very significant day in this local reality cluster, which we monitor Because your alternate was partially created by stealing time machines it is likely to form a time loop. Sure enough, there are warnings. the European markets are collapsing again on MLK day and the Fly is recycling his material.
If a loop forms you will experience the last year again and again usually as a downward spiral, which is not pleasant. Your reality, in your quaint terms, will then qualify for a Time Patrol bailout.
Time Patrol:
You’re an idiot.
banks: no growth; no dividend; no buybacks
awesome.
fly=legend. if you want to continue to get ruthlessly harassed and talked down to, check nascrack.com
Time Patrol>
Let me second what the Flyswatter just said and add that you’re a bigger idiot than what he thinks you are.
A great vid on the Barrons cover indicator.
http://etfstocks.typepad.com/markets/2009/01/barrons-covers-.html
Fly – you should give this guy a link … he’s link worthy.
The pound has collapsed through 1.40… But the fucking Euro should be lower and it isn’t yet.
Th UK economy is basically broke.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a746r_1q9OOY&refer=home
Roubini says US Banking system, insolvent.
Reggie M. says JPM is insolvent.
Get out the Rally Monkey!
I thought stocks were goods long term investments…
My top short of the year is BBBY. The stock is near resistance because the big boys played the opex game on Friday. Others, also believe that the Linens & Things’ bankrupcy somehow is good for BBBY in terms of market share. You gotta love the stupid reasoning. Anyway, with America becoming a 3rd world country and the average Joe filing for unemployment, I don’t see anyone buying electric can openers, $10 cow magnets, or expensive towel racks. America is going down boys…. and so is BBBY.
Speaking of zero:
State Street Corporation, organized in 1970, is a financial holding company organized under the laws of the Commonwealth of Massachusetts. The Company, through its subsidiaries, provides a full range of products and services for institutional investors worldwide…
Breeheehee!!
Another zero: The pound dropped to a record low against the yen and breached $1.40 for the first time since 2001 as the U.K.’s second bank-bailout plan in three months raised concern the financial crisis is deepening…
STT getting mauled