“The Fly” has multiple events to partake in, within minutes of this post ending. Therefore, I’ll be brief.
People are panicked over a potential BAC bankruptcy, while bidding up commodity/Chinese stocks. It’s rather insane out there.
All of the economic data is rock bottom abysmal, yet many of you big booted clowns are bullish.
Why, fucktard, why?
Into the bell, I will be long FAZ, SRS, DUG, ERY, TZA, EEV, CHL, FXI, MT, JRJC and BUCY.
I do not expect to make a killing with such a convoluted composition of financial instruments. However, it is not my intent to do so. Indeed.
In a period of outright trickery, I have no interest in taking on a lot of risk. As you notice, the lion share of my long positions are chicoms, mainly because they are masters of “the art of fuckery.”
Best case scenario: the market dives and my chicoms go up anyway. Shit like that can only occur in the great walled country of the angry panda.
I assert, with a stiff backbone and chest full of hairs, this market is about to get “RiverTwiced” in a very hideous Zach Karabell sort of way.
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The Fly is God
BAC will get saved by the taxpayers…I thought we already figured this out.
Go figure it out again.
I’m out.
FLY-
When are we going to see some UK banks (and EU) go under? When do we get to see some Bear Sterns, Lehman, Merill, and BAC type of shit go down.
Im surprised we havent seen that pain yet ovah thah.
From todays Cashin comments:
—————————————————
Of Gurus, Pundits And Predictions – Charles Nenner, the cycle guru, as expected showed up on CNBC at 9:40 Tuesday
morning. We reviewed the “closed caption” of the interview to compare it to what we thought we heard.
Nenner projected that a rally could begin “in the next week”. He said it could take the S&P to 1000 by March 9th.
Nenner’s thesis seems to mesh with Arch Crawford, who if I hear correctly, is looking for a rally to start perhaps next
Monday, February 9th. Our sources indicate there could be a Monday selloff that could provide a good entry point.
Interestingly, several NYSE floor types have been looking for a potentially sharp, sharp rally to begin around the same time.
Let’s see what happens.
BAC will be saved!!
How low will it go though?
Define saved.
exactly…
Me
and you
Ass Wiper Mike, Brit banks wont go under. They simply get nationalised and then public bends over and the government rams the bill up the populace poopchute….as per usual. Think coal,steel,cars etc etc I think us Brits invented nationalisation but if theres any of them dirty French soap-dodgers on here they may disagree.
There goes BAC slicing through the lows like a warm knife through butter. Sucks that I covered my short. But than I don’t want to wake up tomorrow and see BAC up 25% because of some market fuckery.
Anyone looking @ SRS Calls?
A little short covering taking place in BAC.
Nevermind. That lasted 30 seconds.
…didn’t you hear? The bottom is in. Now is the time to buy, buy buy! Trust us, why would we lie to you?
Tomorrow, there will be blood … rivers of blood … dripping red, DEVILDOG style.
Mining Jrs were ripping today … good % moves. Pay attention.
I love big TITTAAAAAYS!
In other news, we’re still fucked and CNBC still sucks.
Fan out.
Fly bags an early day and SRS runs into the close, quite odd.
the RIFT channel…
BAC save by tax payer?! WTF? IF BAC go under and everyone get scare and run on BAC, (by the way I believe BAC has the biggest depositer base) you think government has the money to back it up?! Ya, they can say they back it up, who the FUCK WOULD BELIEVE THEM? Anybody who BELIEVE government has the money to back all the depositor up is THE DUMBEST FUCK in the whole world. Tax payer? WE ARE TAX PAYER, WE HAVE MONEY IN BAC and now BAC go under, government can not give us the money back, where we going to get money?! Sell more treasury? I don’t think other country will feel safe to buy our IOU IF BAC GO UNDER! So what FED buy treasury? That will nuke USD and the only good thing USD will do is wiping our ass with. FUCK, don’t you guys get the idea if BAC do really go under, that would collapse the whole modern financial system as we know it. You guys, start buying GUNS and start farm in your back yard… shit… Personally, even with shitload of money I made with shorting this fucking market, I’m starting to think WTF I’m going to do with it… no institution is safe… any ideas you guys?
lol @ dave ‘TITTAAAAYS!’
too right!
Brit
I assume the common will be crushed when (if) they are nationalized? I want to short a bunch of them but am waiting til this little run they are on fizzles out. Hopefully soon
Dieeeeeeeeeeeeeeeee EU banks, Dieeeeeeeeeeeeeeeeeeee
I will be shorting RBS and riding it to $1.00. I will also look to buy puts on UBS, Barclays, and death to HSBC (HBC).
LOL @ Blues.
I think that fugger might be the real Mr. Limm.
this guy is nutter
this is china’s chance to make america look even more like shit. they’ll shift back into high gear and start building all kinds of shit just to tear down later, so they look stalwart, while america withers like BAC.
china is all about ‘face’. it’s part of the culture.
we will be building their ipods someday.
fuck i hate china so much.
“In ordinary situations where the taxpayers’ money is not involved, we shouldn’t set executive pay,” said Sen. Richard Shelby of Alabama, the top Republican on the Senate Banking Committee.
“But where you’ve got federal money involved, taxpayers’ money involved, TARP money involved, and the way they have spent it, with no accountability, is getting close to being criminal.”
With Obama announcement about banks taking TARP needing to cap pay and list all expenses will banks now massively dilute shares to pay back the Govt? I’m pretty sure banks do not want to expose all the skeletons in their closet. Am I wrong in my thinking?
BAC and C are already trashed. All thats left is the clean-up team. Shadow banking system is g.o.n.e. Next decade will look totally different.
For stimulus how bout sending us “Spend Cards” maybe $1,000 per Tax Payer. You can’t save it but have to spend it in the market place. Let MC V AXP bid on the delivery. Expire the shit like April 1st.
This Stimulus Plan and BHO & Team will make Dick Cheney look like a Cub Scout.
That testimony today on Madoff was hard core.. 2nd half recovery my ass.
SRS to $500
Does anybody know anybody that bought SRS when it was over $250?
I know someone who bought srs at 222. He is still long.
sweet fuck, 222! curse of the triples
my internet buddy’s internet buddy knows a guy in Long Island whose nieghbor bought SRS at $250.
this is your market:
http://www.youtube.com/watch?v=83k5nY12OFI
Anyone else sick of Cramer complaining about the inverse ETFs? He keeps complaining about how these instruments are destroying the market.
What he ignores is that anyone trading in non-margin accounts will have absolutely no way of making money if they get rid of these ETF’s. What I want to know is why almost all of the inverse ETF’s are Ultra Shorts. There are only 2 non-ultra Short ETFs under Proshares. I can’t make any money in my IRA without those things.
I SEE DEAD BULLS.
Fuck Cramer!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I love SKF! Especially since I bought a few days ago at 120. I will continue to use it as a trading vehicle and piss on Cramer’s head.
Cramer gets paid to be bullish. He constantly attacks the shorts. What he does not seem to get through his fucking head is that this market needs the shorts. We are the only ones who have the courage to buy in this declining market in order to cover and take profits. We provide the only liquidity that is in the market right now. So keep on whining about the shorts and the ietfs Cramer, while I ride SRS and SKF and bank some coin.
Cramer is an actor, a B rated actor who was hired by the RIFT to portray an investor. He needs to be removed from the B-rated actors guild and sent to Algeria to work as a crossing guard.
Cramer and the rest of the CNBC entertainment crowd have entered the “pleading” stage. “Please buy something, anything, it’s time, make the market go up, pleeeaasse…”.
I can’t watch them…I’ve come to understand why Elvis took a gun to his TV set.
Apparently Madoff’s secret weapon was his “reach-around.”
“The Fly Says:
I know someone who bought SRS at 222. He is still long.”
Lemme guess. Is it Jed?
Fly you now make more than the CEO of BAC, C and many others if the Messiah’s plan is approved.
What’s up with the regional banks? They are overly distressed. Every regional bank in the country can’t go down. It just doesn’t make any sense.
I SEE DEAD BULLS.
NEW LOWS NO LATER THAN NEXT WEEK.
YOU HAVE BEEN WARNED.
I WILL WIN THE WAR.
http://news.yahoo.com/s/ap/20090204/ap_on_re_us/highway_signs_zombies
HA! Look the shit out!
suht the fuck up fly so i will make money on the down side for now
My average in on SRS is 62 and I’m sweating bullets 😉
BAC Registered 105 million shares.
http://www.sec.gov/Archives/edgar/data/70858/000119312509017634/ds8.htm
DEVILDOG where were you yesterday?
the anti-iETF cramer tirade is bullshit, since they’re obviously a trading vehicle, and there’s a fucking ultraETF on the other side of the fucking trade.
fucking guy irritates me sometimes.