As I sit here, drinking copious amounts of vino, like a fucking catholic priest, an epiphany hit me like a bag of rocks under a busy overpass: buy China.
Just do it. There are so many laughable reasons to spit on their graves, stemming from their make believe shopping malls to their hilarious unemployment problems. Just know this: most riots will be met with tank shells being lobbed into small villages.
My bearishness is so ridiculous right now, I am my own contrary indicator. For fucks sake, the world isn’t ready to end yet. I haven’t even advertised iBankCoin on CNBC yet, talking shit about Mark Haines and his fat fucking stomach. And, I have yet to sky dive into a giant bowl of jello.
Plus, Howard is writing books and shit. I am a much better writer than he is, as everyone north of Atlantis knows.
So, where am I am going with this post? For all you know, I could be fucking with you, writing this shit as a joke, in order to sucker punch some of you with poisonous peanut butter sandwiches.
No, seriously speaking, I will commit X amount of dollars to “Chinese fuckery,” mainly because it makes me feel like a sophisticated “man of the orient.” I wear the garb and talk the language, when ordering food on the phone; I might as well “go all in” and buy up millions of dollars in equities too.
Here are some stocks in my shopping carton:
CHL, CSKI, YZC, COGO, LFC, NTE, CHA, STV, WX and EDU.
NOTE: There will be more “Chinese Burritos” worth perusing, many, many more.
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The Fly, gliding about his office in a fine woven silk robe, buying equites while throwing fortune cookies at his trader servant.
Yes, the Fly is God….
Hey! Get your own ideas!
http://www.amazon.com/Crash-Proof-Economic-Collapse-Sonberg/dp/0470043601
Yes, like Couching Tiger, Hidden Dragon.
I am wearing a cape.
I bought some $GU yesterday, something you used to play with, but haven’t mentioned in a while. Any reason for that?
’cause i fucking sold it a long time ago.
Let the record show that JakeGimp cheated in the SOTY contest!
Chinese Vino?
I wear the garb and talk the language, when ordering food on the phone;
Do you say: “An’dennn??? An’ dennnn???”
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Sawzall, STFU, fatfug greazie-dimshit, before I masticate and peristolize you a second time.
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so Fly how do you want to be positioned?
50% short via DUG SRS FAZ and 50% long chinese fuckery? interesting pairing.
Fly, bad move. You young guys have no patience. The instant gratification generation. Maybe you’ll learn after a few hard knocks. Good luck.
Jake,
Seriously, how old are you? There is an age limit around here. Get back to the seniors home, it’s shuffleboard night. Besides, maybe later you can get a gummer from the new granny across the hall.
that would be the biggest market fakeout in a long while if decoupling and buying commodities turned out to work this year, after the complete 55-gallon-drum wholesale assfucking of the aforementioned last year.
Seriously, how old are you? There is an age limit around here. Get back to the seniors home, it’s shuffleboard night. Besides, maybe later you can get a gummer from the new granny across the hall.
Shoebox, you don’t know how happy it makes me to see you attempt to legibly write the above.
I only wish I was old. Old people rock and have cool stories to tell.
Are you “young?” Who would know? You’re an uninteresting, rather dim douchebag, far as I can tell.
Pray that some level of sophistication comes with age.
Just don’t bank on it.
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Fly, bad move. You young guys have no patience. The instant gratification generation. Maybe you’ll learn after a few hard knocks. Good luck.
Dawgs, you’re a Boomer who drives a sportcar next to a wife with the factory air. Give me a break with that shit.
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Mudkips — it just depends on what the dollar decides to do here.
If it turns south, we’re on. If no, the drum is coming back, and it’s angry.
Not that complicated.
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Jake:
You almost caught yourself an instant ban with that “old people are cool” lie.
WTF were you thinking? Old people die because God gets sick of them. Everyone knows that.
After learning about MERs $10 bil 4th quarter loss, Ken Lewis describes what he’s going to do to John Thain’s testicles.
Naw, old people die so we can make their same mistakes over and over.
And God can continue laughing.
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China eh…I dunno.
http://online.wsj.com/article/SB123359977495740199.html?mod=googlenews_wsj#articleTabs%3Darticle
Jake, is that all you’ve got?? Please…it has ‘old person’ written all over it. Change your Depends and get to bed.
I’ve always wanted to jump into the “cash on the sidelines” that CNBC speaks of….like a young child dreaming of jumping into your first snowbank…does it really exist?
Nom Nom Nom
Ha Ha,
Anthony Brown takes a page from The Frog’s book. GU to 10!
Just watchingt Fast at midnight ,, is Adami a bull or what? I know Macke is a bear, but Admai always seems to pick the bull side … not that this a great observation or anything
Jake? You like?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCE.mDV6muUs&refer=home
Feb. 3 (Bloomberg) — President Barack Obama will announce tomorrow that he’s imposing a cap of $500,000 on the compensation of top executives at companies that receive federal rescue funds, an administration official said.
Any additional compensation will be in restricted stock that won’t vest until taxpayers have been paid back, said the official, who requested anonymity.
The unprecedented steps — which also include restrictions on corporate jets, office renovations and holiday parties — come amid an outcry over an $18.4 billion bonus payout in 2008 to executives. The protests have been building since October when Congress passed a $700 billion financial-rescue plan.
“People are still getting huge bonuses despite the fact that they’re getting taxpayer money, which I think infuriates the public,” Obama said in an interview tonight with CNN.
Jake,
Please behave yourself. Don’t embarass me. Respect older people.
crushcrushcrush
or you can just buy FXI instead of committing money into a single Chinese lottery company ……..
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaoMc7f4Knjg&refer=home
and here I thought the meme was “Asia is cratering”.
back to the Chi Square Tests.
Nice bunch of boys, Mama Gint. Does Papa Gint ever wonder about, the uh, the one that, um, well, you know what I mean.
and here I thought the big news was that China was cratering.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aaoMc7f4Knjg&refer=home
now it appears “Asia will recover faster than North America”
YES!!! the FORTUNE COOKIE!
JRJC up 30% YTD, has the words “china, finance, and online” in the name.
what more could you ask for? a six demon bag?
and here I thought the big news was that China was cratering.
[link to bloomberg removed]
now it appears “Asia will recover faster than North America”
I would have linked to the bloomberg article which laughingly refers to the idea that Asia will recover from the current malaise before anyone else has but, it seems that comment has been tagged as spam.
Bloomberg is reporting that Asia will recover before anyone else from this current malaise.
the future is the sensex.
same same but different
Bloomberg.com is reporting that Asia will recover before anyone else from the current financial crisis.
However, they don’t mention mainland China at all in the article.
OK, I guess I’m banned?
Four comments later and the commenting engine ate them.
One did appear briefly and then when I went to edit the comment, was told it was s*am
That’s what I saw in nepal. Same same but different. It is going off.
Buy PWRD too.
china is the master of fuckery. i wouldn’t doubt if everyone piles in there just for the fuck of it all.
on Chinese stocks…Don’t be afraid to take profits.
Use multiple stops to scale out in case of a decline.
Yeah. Chinese fuckery is the new gold standard. Thanks for charting that out for us.
Have had my own copious amounts tonight, so I’ll just say, “Have a good night.”
btw, God kills old people for the same reason he kills babies: Because He can.
I can see the future & my crystal ball says: “Nice call, da Flea, on all things, Chinese!”
I think we are on the CUSP of the long awaited “Obama saves the free and particularly Communist World, rally, into springtime”.
Perhaps one last ooh so scary selloff Thursday going into unemployment # Friday.
Also, take a gander at oil setting up with possible positive divergences for an upside move which will drag the market along for the ride. If oil can get going, it will save Putin’s ass and reflate the Ruski economy. In that case grab some RSX. RSX has positive divergences of its own.
DEVILDOG … I’d beware an upside 4×4 to the old noggin, come Friday or Monday.
http://www.ritholtz.com/blog/2009/02/blame-the-short-sellers/
Great post by Ritholtz on BSC CEO trying to get reknown short-seller Jim Chanos to lie about BSC on CNBC.
Juice, I think you will be trying to pull that 4X4 out of your ass.
He’s at least 46.
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Those used copies must be the gold-leafed autographed copies.
DDOG – re the 4×4, maybe … if so, I’ll adjust/readjust. Actually, I am leaning short at the moment.
Should be interesting.
An article on da Flea’s mentor and DEVILDOGS idol, John Paulson.
On Guam. Housing mkt yet to crash here; Korean investors still expecting return they will never get. investment flooding in from phills. got a few months till crash here, big crash coming. As GIO said, it may not come till summer. but oh what a crash it will be.
For once I agree with Art Cashin- 860 on the S&P looks like resistance to me. A close above this could signal a rally. Support looks to be around 820-819. If we breakdown through this then watch out below as we may test and perhaps breakthrough the lows.
My money is on the downside. I don’t see that any buyers in this market. I sense mostly short covering. The shorts are the only ones with enough courage to buy heel they have to take some profits eventually.
Fly-
CHA has a mean chart. The gaps close rather quickly, both up and down. However its does look like a nice risk/reward play.
What is your reasoning behind your bullishness on CHA?
3g rollout
mdawsz Says:
Jake, is that all you’ve got?? Please…it has ‘old person’ written all over it. Change your Depends and get to bed.
Sawzall, I don’t know how to help a fellow whose reading comprehension difficulties in the LSAT landed him in a Tijuana law school. I just told you, calling me “old” is a compliment to me, so I really don’t know where you are going with this.
I’ve been called “old” since I was about four. It’s one of those burdens people who are much smarter than you have to bear. But please don’t confuse intelligence with wisdom, the quality for which I truly admire the aged, and only hard experience can bring.
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Jake? You like?
Of course I don’t like. Is this a trick question? What is Commisar Barack going to require next, all underwear must be worn on the OUT-side?
This is a recipe for disaster. Now these schithole banks aren’t even going to be able to recruit decent talent on top of everything else they’ve got going for them.
FAIL.
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Nosy neighbor: LOL, that’s a friend, only five bros in my family.
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Jake is not old in body hes 38/39. However he is mature in wisdom which does not occur until you are at least in your 40s. Then in your 40s you begin to have “something worth saying”. Men are late to mature in general…hence the childish, testosterone driven, penis envy/obsession of most of the posters on this blog. Jake is wise beyond his years. Of course I include Sr. Fly as wise beyond his years. These are rare exceptions to the rule.
In other news:
MF’s Strauss Kahn: Global economy faces “major downturn”; Recovery forecasts are uncertain and depend on policy; IMF has long argued that the Yuan is undervalued
– Asia has been broadly impacted by crisis but is not its center; Sees 2.7% Asia and 5.5% Developing Asia GDP, with additional downside risks
– China has room for more steps on economy and banks.
– China should focus on increasing domestic demand.
– Rapid Asia recovery is possibe.
– Asian countries may need help due to outflows.
– Should concentrate on recovery and not Yuan value
– Loan from Japan is nearly finalized, encourages additional lending from China
– Warns against protectionism
– Says some Asian economies could lead the global recovery, but a regional rebound is impossible without the rest of the world; No single policy for all of Asian economies
– IMF Official says an 8% GDP target for China “will be very challenging but possible”, note: Chinese officals have noted recently that growth forecasts were a ‘tall order’, but were possible
– Sees considerable room for more rate cuts in some Asian economies due to rapidly declining inflation
– Expects S Korea GDP positive in Q4 of 2009 vs Q4 of 2008 as a result of active stimulus response
He’s at least 46.
Again, thanks for the props, but no.
Ask Fly, or my bro. They know.
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