Men with burlap shirts bought a variety of stocks today, mainly to “test the waters” and fish for a market bottom. Unfortunately, those same men will soon become victim to gruesome financial castration, as the deflationary vortex settles in.
Mind you, I’ve been buying “all things Chinese,” as of late. However, I do so, not necessarily to curry favour [sic] with a certain Chinese official, but instead to take advantage of wholesale, and rapid, Chinese fuckery.
Only a grande [sic] country like China can seemingly buck the current trends, with up equities in a down equity world. Having the great displeasure of being cursed with gifts of insane investment skills, “The Fly” is forced to hedge his short bets with longs.
Just to recap: the market tricked lots of people into egregious long positions today. Under the surface, STI, GE and BAC are in grave danger of credit downgrades, which in turn will cause sheer panic on Wall Street.
Life is like a game of scratch off lotto. Every once in awhile, it makes sense to buy a bottle of Snapple Iced-T instead. However, I’ll have you know, this is not one of those times.
NOTE: Ignore all “bitch of a whores” on CNBC.
NOTE II: Internet guru, investment genius, Howard Lindzon has a new book out: “The WallStrip Edge.” If any of you are interested in building a web venture, I strongly suggest buying this book. Despite Howard paying me to write this, the book is a good read.
If you enjoy the content at iBankCoin, please follow us on Twitter
Zombie is a pimp
Even Robster?
Light volume and lack of Financials taking part in this weak rally…
=
More downside to come…
Jake, what are you buying for the SPY bounce to 90 – 92? TIA.
I wanted to know how old you are so that I can understand where the optimism comes from. Obviously, I have mis-read the market and the future and I want to learn more from your group’s perspective. If ‘ya can’t beat ‘em join ‘em. Great call on TBT. Are you buying it here for a breakout? I’ve got a lot to learn.
Puny, what are you buying and how far do you see SPY going on this RALLY? TIA.
Good hedge going long China. First out of the recovery gate.
Off to RED ROBSTER.
From previous threads:
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Allright, who tasered the DevilDog and stole his id?
From last thread:
Jake, what are you buying for the SPY bounce to 90 – 92? TIA.
I wanted to know how old you are so that I can understand where the optimism comes from. Obviously, I have mis-read the market and the future and I want to learn more from your group’s perspective. If ‘ya can’t beat ‘em join ‘em. Great call on TBT. Are you buying it here for a breakout? I’ve got a lot to learn.
Even though I’m pretty sure this is not really DD, I will answer.
I’m buying TBT for the decade. WRITE THAT DOWN.
(And if you don’t believe me, check out my pick in Rage’s Contest.)
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Dat’s LED ROBSTAH!
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DDawg– no optimism, I just don’t think things go straight down forever, that’s all.
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Nice post Devil dog. Most truly successful people are humble and understated. Keep it up. You’ll get there yet.
It doesn’t sound like DevilDog.
I own UYG (from $2.95), RIMM (avg around $51), SYK (Feb 40 calls), KHD (from $10.60), TBT (from $41), and ACN (avg at $29). Thanks for checking. Feel free to let us know what you own.
Beautifully put, tho I still don’t get the long China stuff.
Fuckery, for sure, but even the ChiComs with their wacky Etch-A-Sketch ideogram writing and woks can’t cook the books forever. Their growth is not 6%-8%, but 0%.
Are you betting that they “recover first” or something? That just doesn’t sound like you.
But you’re the one with the time machine, so you must know something.
Ring — if that’s Devil Dog, I’ll kiss your ring.
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i agree with your shorts, but chairman mao will embark on a long, neurotically induced masturbation session to relieve his pain.
No way that’s DD.
Jake, how old are you?
Jake:
No need I am trying to locate my Bro-in-law, a former recon marine served in I corp ’66-’69 (Khe Sanh; Hue). Sadly, he stops taking his medicine & becomes unruly (read CRAZY). He’ll spend thousands on strange stuff and like to call between 2 & 3 AM. He says mean things and I prepare to defend myself.
Anyway I thought he might be one and the same with Devil Dog.
BTW his name is Al. If you see him tell him we miss him
Jake, I’ve always wanted to be handled by a man. Are you up to it?
DD — I’m almost a decade under the maximum for this site*. Six or seven years older than the proprietor.
*(Which you are over, btw).
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DevilDog was busy taking a shit today. That wasn’t him. It was gay as hell. No!
Ring,
If you are not screwing around, that’s a sad story, I’m sorry.
But DD told us he was in country in ’72, and he’s usually lucid, if angry.
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Boy, is there anything more hilarious than when someone steals someone else’s moniker and says funny things?
I mean, can we just call a humor “acme” on this practice?
And — oh! — the homosexual angle!
So funny!
Really, this guy should be in Vegas, not here.
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Jake: 100% accurate. But, I am amazed at some of the exchanges on IBC.
Moreover, I doubt if DD is Al. That part was just for fun.
Al is Crazy, but smart
Yeah, no way that was DD unless he’s turned gay and takes fudge packing from j…and I agree it was very funny…
Continue to piss and moan. The truth hurts. We have control.
Short squeeze on deck.
What is going on here. I see dead bulltards everywhere. New lows next week. Some fucker stole my name. I am the one and only, DEVILDOG.
Who seriously think we are going to have a corporate tax cut?
Please…
Devil Dog’s sudden change in position seems a bit odd. Jake seems like a nice guy tho so go figure.
When are all these fed cuts going to kick in?
At first I thought I was listening to Fly yell at his Trader Servant for messing up a trade but then I realized it was actor Christian Bale who sounds like a real sweet guy to work with on the set.
http://www.tmz.com/2009/02/02/bale-went-ballistic
Actually, the dog was trying to be sarcastic. But being a retard, his sarcasm came across as sincere and a gay in a serial killer kind of way.
Agree with the attempted sarcasm possibility. Mega awkward.
are you guys serial? of course that wasn’t DD.
jake – I don’t know if you got my email reply, but I agree re the $ and my newsletter. speaking of, dollar ratio looks like its going to take out the wedge which will put the sp at 600 if its a measured move. That + losers index is why I added short eod.
Obviously DEVIL here is an imposter as the real Devil is much stupider..erer…er…
If he asks whether you “work out” or what your routine consists of, you might want to back away.
pn wins. funny post.
Tradercaddy, just don’t miss the freakin electro remix of Mr. Bale’s new audio smash..
http://www.wwtdd.com/post.phtml?pk=18511
It’s not funny
“Despite Howard paying me to write this, the book is a good read.”
Fly–
It’s hard to get somebody my age to laugh. Having blurbed quite a few books myself, I laughed my ass off when I read this.
Lady G had inquired about Jake’s age a couple of times …. somehow she got her answer … slick, as in Willy!
308 –
ROFL.
That’s my new favorite song.
Fly,
Seems like all the registered sex offenders went to Myspace:
http://tech.yahoo.com/news/nm/20090203/tc_nm/us_myspace_offenders
All 90,000 of them. HOLY SHIT!
Vegas is in meltdown mode.
New MGM target price $ 2.50
Bonds getting downgraded.
Brutal beatdown for the west coast mafia meatheads.
Mr. Mortgage on CNBC
http://www.youtube.com/watch?v=YiArwiyggZk
.
Cheezy vid. What’s up Fly? Moving money based on CNBC “news breaks” and now doing the lazy ass hand held vid? Pick yourself up man! Walk away from the light.
Can we talk housing? Huh? Can we? The time is now. First the rates go, then the foreclosures go, then the new home inventory goes.
On a related note, the last few days of Fly posts have sounded so bitter, jaded, and contemptuous of any conceivable good news that I can only conclude he turned 47 1/2 and refused to tell anybody…
Alvari:
Naturally, you’re an idiot. Like I have time to record come bullshit off CNBC.
London:
Still 32. However, my hate is running at an all time high. I think it’s all the “stimuless” bullshit.
So, equity investors….do you want a one party system in America?
They’ve powers who want it, have almost got it now without amnesty. (Mr, Soros just loves this stuff)
Another really good reason to use E-Verify.(and I’m not even a Republican).
Mr. Fly:
Instead of picking stocks…or market direction, and other boring stuff like that….we should start a stiffer challenge to the folks here:
How many more tax cheats are they gonna drag up on senate row before the president fills out his cabinet??
I will personally send the winner $200.00 (in Mexican pesos)
Here is the CNBC video link for Mr. Mortgage
http://www.cnbc.com/id/15840232?video=1020399709&play=1
heaven .
can I suggest that anyone that doesn’t want to converse with the dog install a killfile program. After a bit of tinkering it now works beautifully however I still see there are people talking to him and about him. Try it. Life is so much better than having to read the same boring shit every 30 minutes.
More fractal work by Wood …
http://www.youtube.com/watch?v=sHzdsFiBbFc
I want a killfile for the one who calls himself “JakeGint”!!!
Mr Mortgage makes CNBC … berry interesting , thx Buckshot Bob
When will we see da Flea on CNBC?
http://www.house.gov/apps/blog/tx14_paul/
Ron Paul puts out some good stuff on cures for our economic disease & the stimuless program.
He needs to get Obama’s ear & in a hurry. He needs to get aggressive. The fucker is too passive make things happen.
I SEE DEAD BULLS.
NEW LOWS NEXT WEEK.
Fly,
Thx for the explanation.
Hey, get a few million ready to deploy – I saw this on CNBC…
http://www.cnbc.com/id/15840232?video=1020388644&play=1
I SEE DEAD BEARS.
NEW HIGHS NEXT WEEK. Write it down.
I smell burnt devildogs
Well, I guess the bear market is over. Everyone on CNBC after the bell has been bullish and saying things like:
“we have more clarity now”
“we should rally for the next few weeks”
“people are done selling”
“the money on the sidelines will come back to the market once the plan comes out”
Im gonna go throw up now.
BTW- Bob Pasani on Fast Money tonight looks like such a fuckin creep
DEVILDOG comes out of the closet next week. I see dead anal cherries. Write it down.
@A.N.Mike:
That should be a pretty good contrarian indicator, no? Maybe we are ready to go back down afterall, DEVILDOG-style…
The dude with the Nenner cycle makes it look like a little bit more bottom testing (into next week) followed by S&P 1000 rally ending in mid march. He also claims he is never wrong.
Obama Refuses to Answer Questions About Size of His Package
Thoughts about tomorrow:
When meeting obstruction upon obstruction to achieving your goals you can say it is all bad luck. In reality each setback is a test of character. Can you see the humor in Mother Market chiding and playing with her children?
.
http://worldnetdaily.com/index.php?fa=PAGE.view&pageId=87757
Damn. A cat in heat sounds better than Lady G.
Lady G,
Did you hit the wine bar tonight?
If I’m not mistaken, I called this last year. LYV was trading at $14, now $4.
http://www.reuters.com/article/marketsNews/idINN0353154220090204?rpc=44
Curious to see the price action tomorrow.
Where’s KC Bill?
From someone who remembers that pine tar incident, just barely.
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Jake,
Oh Lord, I’m crying tears….. #5 is gold.
MD Sawzall–
Go chase an ambulance down the block, clutching your gut with one hand and a cooling Oscar Meyer’s finest with ketchup in the other.
Rectal pomegranate smuggler.
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I am crying!
“Got up in the morning, took the most perfect double-tapered shit I’ve ever had in my life. True story. Who’s the pitchers in this game.”
No I was at my parents from 3:30 till 8:30. I dont hang out at the wine bar, I go to various restaurants that are within walking distance for lunch/dinner usually Thursday or Friday.
My thoughts about the market are my own, it takes a more mature mind to understand the message.
Besides anyone can say ” the market will be up or the bears will be out or I see dead bulls tomorrow ” and any dumb shit can understand that even you Charlie who is hardly old enough to wipe his own nose.
Tomorrow is a defensive day, with blocks and obstacles to achieving your goals….how hard is that to understand?
Sometimes I post for tomorrow a few bullish thoughts like (the sun will come out tomorrow and breakthrough days etc) most however have been bearish or ‘do nothing’ or less is more right now.
If you cant understand the message just skip over it, in a decade or two when you grow up you may if your lucky have developed deeper insight and can appreciate more abstract and poetic musings.
Good night Gentlemen.
Signing Off
I generally like to masturbate about 10 times per day, as it relieves me of the additional frustration that can occur when writing witty, pompous bullshit on other people’s trading blogs.
Poor sawzall, so much anger.
Get help son. Or stop representing those welfare cheat “accident victims.”
It’ll do your conscience good.
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I didn’t write that.
please donot provoke lady G, it is painful to read…
And fyi, it’s eleven times a day.
Gotta keep those pipes clean, and besides, it makes my wife less nervous.
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Sawz,
What a dilemma. That false accusation must make you doubly angry, then?
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