No respite.
Here I am, like some sort of CNBC asshat, waiting for a rally. I even got all excited and shit when the market went green this morning, thinking “This is it! We’re gonna fucking rally.”
I was elated with thoughts of walking around in white robes and leather sandals, basking in large capital gains. I planned to make fun of short sellers, while smoking cigars and eating caviar. Instead, I get a steel tipped boot to the face.
Warren Buffett is a fucking loser. I hope his stock goes to zero, with no breaks along the way. Straight to zero, then prison.
This is bullshit. I’m losing money over here, waiting for these jackasses in D.C. to get their acts together. From what I see now, I’ll be waiting until 2012, before the market can mount a rally.
For the love of green pickles and purple bags of marijuana, we’re fucked in a very egregious way.
Truth be told, I’ve had enough. First thing tomorrow morning, I am selling out of my longs and going on siesta. I need to take naps and drink beer. I need to drive around the city, in search of adventure.
My long exposure is limited, so all of this doom and gloom shit has little effect on me. At this point, losing money in this tape hurts my ego. It’s getting in the way of me making fun of you and that, as you know, is unacceptable.
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The Zombie has one testicle
It’s not really unacceptable. You make fun of us anyway.
i feel ya, i was all “WE GONNA RALLY” at end-of-day, when I saw money moving out of long-bonds and precious metals. but no, apparently the market has decided to go zero without stopping or something.
The Fly isnt god, but his idea of taking a holiday from this pile of shit is very wise. I may drive to the beach in Phuket tomorrow and watch Thai girls with peach like butt cheeks frolick in the surf whilst sipping some cheap local fire water.
Die…Die…Die……I can’t…
This morning I should have posted the technical analysis I did this weekend. It clearly shows that we have not bottomed yet, before the next rally. We may have a few days to go before the rally kicks in. Hold tight b/c it’s going to happen.
Good call, Fly.
Take a drive, take Mexishrooms and see Jonas in 3D – we’ll still be here when you get back…
On the other hand, what’s the catalyst for this rally anyway?
Odds alone?
I ain’t buying it…
Sir, Dude Le Flea .. why don’t you have some shorts matched against your longs until rally day arrives? You can still make good cap gains all hedged up, and shit.
No offense, but we probably need guys like you to capitulate before we can get a bear rally. And I mean that in the most respectful way possible.
Yo Brit Trash…I love Thailand..and Phuket is heaven..used to be Bankok was the Valhalla for me, but they over developed it and now it’s just not the same.
I almost sold my longs out of frustration but I know the minute I do my ass will get raped by a rally monkey wearing a George Costanza mask. You know it’s coming. Out of nowhere GM declares B/K on the same day Berkshire Hathaway is revealed to be the mother of all Ponzi Schemes………………and the market will go up 300 points.
“I get a steel tipped boot to the face.”
Better than getting one to the rear.
You will get your rally as soon as you sell
take a bath in oil
Re-upped:
Just in case you were worried about poor Bernie Madoff going “stir-crazy” all cooped up in his apahtment (sic)… don’t.
I think Sing-Sing is smaller.
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Fly -You can take a vacation the next time the S&P 500 closes positive…in other words, GET back to work!
the fly capitulates .. so get long tomorrow !
Citigroup re-adds MDCO to it’s Top Picks Live list after the bell, after being removed last week.
says:
Recent Sell-Off – Last Monday, MDCO was removed from the Top Picks Live! list per Citi’s stop-loss rules. However, our view of the story has not changed. We believe that the stock now offers a more compelling opportunity.
Why Now- – We are incrementally positive on MDCO’s lead pipeline drug, Cangrelor, after hosting a conference call with an interventional cardiologist on this topic. This physician was positive regarding Cangrelor’s potential clinical success in the Phase III CHAMPION studies and the drug’s commercial utility. The first data point for CHAMPION is expected to be in Summer 2009, which will be a key driver for the stock. Target is $29
There will be no rally.
Longs want a rally because they’re kicking themselves for not selling over 900 in January.
Shorts are kicking themselves for not shorting over 900 in January.
Everybody wants to see 900 again, so we’re not going to get there for a quite a while.
New S&P range: 666 to 777. http://www.youtube.com/watch?v=xjg4A_5q2gI
“For the love of green pickles and purple bags of marijuana, we’re fucked in a very egregious way.”
too effing good.
short sell Whole foods(WFMI)
Thanks for capitulating Master Fly, Blue Monsters on me!
Fly, what the hell are you talking about? I’m watching that bonanza stock picking show Fast $ and I’m all ready to speculate on M&A and shit, especially in reit and financials.
Its a sure thing, Giddyup!
Really great article/discussion (read the comments) from The Earl Drum about the possible threat of Mexican state collapse due to earl problems.
Highly recommended. Make sure you click on the Niall Fergusson piece at the bottom of the comments as well.
________
The Fly capitulates and the Big Bamboo is kicking ass. Now we see who’s really in charge of iBC.
When the fly capitulates, then the market will rally.
Until then, I am staying short.
The fly has become a contrarian indicator.
Let me know when you have had enough.
Put this on the wrong blog at first…
Rare video capture of young Fly-ling at home!
_________
Surely, fix AIG and Citi, or at least allow them to deflate in an orderly fashion. There are secrets being kept, no? The market is sellers fighting amoungst themselves, like the Irish.
Ruh Roh, Raggie —
Look for “Pete” to be knocking at your door, soon, leaflets in hand.
_________
Buying 10 eminis here, will hold overnight. Lets see what happens.
Important read on the 100 year old roots of this crisis (Read “The Beast from Jekyll Island” for more background)
I promise, this has nothing to do with my March Madness pick!
__________
Jed, does league bowling 3 nights a week.
U S “mapping” Chinese U-boats as they are launched (monthly?)via sonar. Must be a bitch to keep track of all those new subs our $’s are building:
http://news.yahoo.com/s/ap/20090309/ap_on_go_ca_st_pe/us_china_incident
“Economic volatility, plus ethnic disintegration, plus an empire in decline: That combination is about the most lethal in geopolitics. We now have all three. The age of upheaval starts now.” – Niall Ferguson, from the link Jake suggested.
This is why I’m staying out of ERY from now on, no matter how low oil prices go…
Real Headlines-
WSJ: “CEO Says IBM ‘To Go On Offense'” – “we plan to stop building products, lay off tens of thousands, and pump all the cash into driving up CDS’ on HWP and Dell and push ’em 6′ under. It beats working for a living…”
WSJ: “Optimisim in Europe”: Trichet: “I was watching Pulp Fiction last night and realized that if we just lined up everyone in Europe and stabbed them in the heart with a needle full of adrenaline, then they might wake up and start spending again.”
“North Korea Army Put on Standby”: Says some guy named Kim: “We just realized we have the strongest economy left in the world…Whoa!… We will use our power to seize oil and white women to serve as translators…”
Oh Yah, the S&P futures just turned +0.10…… boooooyyyyyaaaaaah.
A lot of stocks are just sitting at support looking for an excuse to move higher. Too many people looking for capitulation for it to happen. Rally time..
Let’s push Obama aside in favor of Samuel L. Jackson who is a better actor and more knowledgeable on economics. If he is not available, then Morgan Freeman will also qualify and never needs a teleprompter.
Bwanie Fwank put his cock in my mouth so I had to take a break today but I will be back tomorrow. A note to CNBC, I may not be able to sit down tomorrow as I plan on getting monkey fucked in the ass tonight by Studly man Bwanie Fwank and his 30 pound above the cock gut flapper. After that we plan on visiting Dear Leader Kim Jung Il to watch some homo porn and drink some check scotch. S&P to zero soon.
I don’t mean to brag but…ah, what the heck!
Item 1: SU was my call not so long ago, yet long enough for the muskeg movers to gain almost 25%.
Item 2: For NG I wrote a song of its fall to the tune of ‘spiderman’, and look what’s happened (ok ok it surged a week later, but where is it now?) In fact, NG has sunk to such depths I might even revisit the buggerers, as long as POG holds above $900/oz. I’m no doomy-gloomy Bakerite (his accent is just too thick for me to take him seriously), but I’ll be jiggered if I’ll long any financials these days, and NG has cash plus monstrous assets.
Also, on behalf of a friend of mine (I was obstinate in my disparagement of the call) I would like to thank Fly for giving my compadre the GLW tip last week; I guess a lot of folks needed some new frying pans.
My pick (for pretty much the next generation; I don’t care about March) is still TBT. Japan now has a trade deficit? What planet did I land on?? Guess they won’t be buying another $1T of bonds anytime soon. May not even be rolling over all the notes, for that matter. You don’t even need a conspiracy theory to see it.
The fear trade can only last as long as there are unskinned buyers. Ben can’t buy it all…
The N. Korean says “we will mercilessly retaliate if the enemy advances one inch on our air, soil, or sea”. Hmmmmmm, that seems familiar…….sort of similar to the Fly’s rhetoric, no?
U S “mapping” Chinese U-boats as they are launched (monthly?)via sonar. Must be a bitch to keep track of all those new subs our $’s are building:
See link in E8 above