FAZ and FAS are on the verge of swapping places. I’ve been warning you fuckers of such happenings for the better part of 2 whole days. To be honest, not having skin in the game sort of disconnects me from the reality of trading. I’m like some remote control General, 10,000 miles away from the battlefield.
Quit your fucking bellyaching. A. I don’t need the money. B. Whenever I choose to step back into the market, I will own it.
So, pretty much, I am here to throw meatloaf at you fuckers, who are long or short this market.
The declines in SKF, FAZ, SRS and EEV are absolutely hilariously horrid. Do yourself a favor, keep your exposure to those bastards minimal, especially when counter trend trading.
For the record, I think the Federal Reserve’s plan to buy $1trill + in treasuries is a ponzi scheme. It is the Godfather of all ponzi schemes, purposely crafted to manipulate the market, via setting rates. It is NOT the way capitalism works. As a result of their fuckery, I predict the corporate bond market will suffer mightily. And, I believe TLT will go to new highs.
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Make it stop, Senor Tropicana.
What a fucking incredible day for Don Juan! Thanks you stupid fucking PermaBears.
I’m gonna celebrate with an expensive bottle of fine wine, and dip in the spa with the missis.
And one more point, guess what FuckFaces, this rally ain’t over. We’re just getting started, so get your heads out of the gutter, and prepare for the next move UP.
Off to the wine store … ta-ta, Fuckers!
8)
BTW, I’m thinking about trading my 335i, for a new M3 convertible. Of course I’ll stay in the Bavarian class. It’ll be a cash deal, cause I don’t finance. Understand?
The run out of the dollar will stop and reverse the pop higher on TLT. TLT is a short!
lol @ the Donny-meister. Good stuff.
Good thing I bought JPM at 16. Too bad I sold most of it at 22.
TLT cannot be a short, since the Gov’t is buying.
Take a look at the BMW 650 convertible. I have one those. They aren’t bad.
They had a prestige car auction hereof all the repossessions of prestige cars.
New ferraris cost 750G here in aussi dollars. 6 months old ferraris gone for 420G.
If buying Treasuries is the “Godfather of all ponzi schemes” then the USA Social Security system is the DON of all ponzi schemes.
J-
I love the 650i convertible, but there’s no room in the back seat for my kids. Therefore it’s out.
Our gov’t is buying – but how will our creditors react to this insanity? “Don’t fight the FED” is less relevant than it used to be …now that we have mortgaged our sovereignty.
I disagree. If treasury rates go lower, then corporate yields become more attractive. What am I missing master?
Owned both FAS /FAZ until today. They (collectively) could quite possibly be the antichrist. Sold FAS at 6.40- just before it went over $7 an hour later. Made small coinage -just @ 1. The beating I’m taking on FAZ (@54) is like watching your own arm being chewed off slowly for days by hungover vampire leprechauns . I will hold until I’ve bled just enough to drink my own blood to go the distance back up to $54 -then I’m NEVER touching that shit again. Word
I would go with the 1999 Honda Accord myself.
Owned it for ten years and the biggest expense has been new tires.
I give the new cars to my wife and kids.
The Accord is mine for another ten years.
I’m like some remote control General, 10,000 miles away from the battlefield.
Or, sorta like my grandma, all in treasuries and macramaed doilies ‘n shit.
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The beating I’m taking on FAZ (@54) is like watching your own arm being chewed off slowly for days by hungover vampire leprechauns.
ROFL!
I see a movie deal in your future!
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If GM actually files bankruptcy soon (most likely without warning), this rally is OVER with instantly, do we all agree?
if not, comment.
The federal reserve system itself is the ultimate ponzi scheme. The entire process is designed to remove wealth from US citizens via government borrowing. The dollar only represents debt when you are 30 trillion in the hole. If we were to actually pay it off right now via those who actually have something to give, most of you would be living in carboard boxes under a viaduct with a bottle of Wild Irish Rose standing over a burn barrell bragging about how you USED to have money.
…And, I believe TLT will go to new highs.
Because, gosh knows, there’s nothing like getting paid near-zero interest in increasingly worthless dollars.
TLT went up today because chop shoppers are trying to get in front of the Fed’s massive purchase of worthless Fan&Fred paper. Soon that move will be overwhelmed by the flood out of US crap wiping specie.
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Razncane Says: jesus fucking HR and Block Christ dude…..word for the day: “stop loss”
Fly,
Should we be waiting on DUG or is it looking good now?
I think the theory is that corporates will be sold so people can use the proceeds to pile into the stuff that they know the FED is going to buy from them at higher prices.
Why take real credit risk with corporates when you can front run a $1 trillion buyer who just yelled through a megaphone and told the world exactly what he’s planning to buy.
Artist — for some reason I can’t copy your question. I think it’s because it’s got one of those bullshit pop up ads embedded in it.
My answer — “no.” If GM declares bankruptcy (which they’ve been telegraphing, if you’ve noticed) it will be in “pre-pack” form, and the market will either ignore it, or rally on the news.
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Listen to me very quietely all of you: Tomorrow, buy gold and silver and gold and silver miners.
Then buy some more.
Now, fan out.
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With the Fed buying up treasuries and our gov’t issuing record amounts of treasuries, we have ourselves a good ol’ fashioned ponzi scheme. And, it becomes the only game in town. Bond managers will front run the gov’t all the way to the bank, ignoring the corporate bond market.
Let it be known, the Fed is responding the the deflationary vortex. It is as bearish as bearish can get.
Just my opinion.
Satanic
EXACTLY!
If we were to actually pay it off right now via those who actually have something to give, most of you would be living in carboard boxes under a viaduct with a bottle of Wild Irish Rose standing over a burn barrell bragging about how you USED to have money.
And really now … would that be all that bad a life?
I’ve been meaning to check out a hobo’s existence ever since reading William Kennedy’s Albany Series.
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Thanks for the sympathetic words all. Yeah , stop loss… Brilliant! Just not down here at $28. I’ll take more chewing , please. True Dat!
you know that before the announcements 90% of the top level fed employees (as in federal reserve meaning not federal at all) went out and bought treasuries and TLT today before the announcements. What to they care about insider trading, didn’t you hear that they are the law?
I really don’t get what the fuck the fed is trying to do here.
It’s buying what, 300 billion of bonds and selling 1.3 trillion of bills, notes and bonds.
Why don’t they just trade it internally and cross the trade. Or perhaps let Goldman cross it for them… for a small fee of $1 billion dollars per trade. Hey, Goldy’s has earned money doing lesser things like ummm AIG.
LOL.. Freaking idiots.
Jake,
I don’t have an issue with the carboard box and burn barrel. My issue is the cheap wine. Then there’s the offspring. I really can’t stand the idea of them being so far in the hole before they even have a chance.
bot some legs and pussy today (TZA) – its the inverse of tits n ass (TNA)
The very excellent points Fly, Satan, and Mr. O’gint make are, among other reasons, why I didn’t cover.
I remain certain in my belief that the FOMC could have announced that non-dairy creamer will be used in the office breakroom instead of milk and the market would still have shot up.
and there is no debate that non-dairy creamer is fuckin stoops
Fly, I want to know how much gold and how much earl you will be purchasing tomorrow for storage off the end of your boat dock.
(Soon individual states will begin printing paper backed in gold and earl to replace increasingly worthless US Zimbabwaen currency)
And don’t think I don’t know about that Schwab account on the side, either.
__________
Fly:
The only thing is about that deflationary vortex that Bernake went on TV and told the American people that he’ll do “whatever it takes”… whatever it takes means he’ll plaster your bedroom ceiling with dollars if it means it will stop the stock market from falling. They’ve given up on the corp bond market.
“And don’t think I don’t know about that Schwab account on the side, either.”
Jake….LOL Fly not having action..funny…
Buy gold. Buy gold. Buy gold.
Do i have to repeat myself any more. We are through the looking glass now. Things are F U C K E D.
The other reason I’m very bullish banks is after the heat they got from AIG the last thing they would do is nationalize anything. They won’t nationalize a freaking public toilet let alone citi. Imagine if they lost $2 million on a loan to Malawi in butt fuck Africa. Main street has no problem losing 160 billion on AIG but lose 2 million on an African loan and Geithner will be pitchforked to death by Main street. nationalization is well and truly off the table Citi would be 100 times more complex than AIG.
What a beautiful rally day…This calls for some music!
http://www.youtube.com/watch?v=j-ryKQx4DdQ
lol:
Are you sure the Fed is a gov agency?
As they say omf…The Federal Reserve is as federal as Federal Express
The Fly is exactly right. Madoff was paying his investors off with their own IOU’s. That is exactly what the Fed is doing. If you think that every country is going to follow suit, then you’re the same ass who thought the world would follow us into Iraq to blow 3 trillion on a two bit dictator and the same ass that thinks the world will follow us into Afghanistan to drop another couple of trillion on a stone age population. I can assure you other countries are starting to make other plans, even if those plans take 20 years to work. Obama was a head fake. They believed in him for a short while. To watch Jim Cramer salivate had to be one of the most repulsive sights known to man other than taking a peek up Zach Karabell’s skirt.
Prof
The Euros and the Japanese are even more fucked than the US . Now they have to contend with a weak dollar? They’ll roll over and die.
The Japanese have already started monetizing and they’ll simply get bigger over the next 4 weeks. The UK and Switzerland started too. All we are waiting for is the dumb frog running the ECB. Watch them squirm with the dollar back at 1.45 to the Euro.
When push comes to shove politicians will do everything in their power to prevent losing their power. If you think that this isn’t the beginning of a huge global liquidity wave then you haven’t been paying attention AT ALL.
DGP all year long.
I’m suspicious that there might be a bigger head on this oil price rally than most people expect (thanks to the Saudi’s). Thus I’ll be waiting to get DUG under $20 for right or wrong.
Saudi Arabia is out-doing their promises in terms of production cuts. Venezueala is the only OPEC nation cheating like crazy, but Saudi is even out-cutting them. The Saudi’s have critical problems with many of their large fields (water coning primarily) and are taking advantage of this opportunity to shut in production so that oil water interfaces stabilize some in their huge-permeability reservoirs. If they keep production trimmed down over the next month or two, prices will continue up over $50/bbl. Then it’s time to short hard (for about 3-6 months), then buy into oil stocks like they’re 1950’s superman comics at a garage sale this October or so.
End of transmission from Mars.
J, don’t mind Prof. He’s caught in that hippy era “Amerika is evul” mindset that can’t contemplate that we’re only pikers (thus far) in the socialist game.
The rigged game in Europe and Japan makes our recent machinations look like pre-school. The commensurate demographic problems those states also face make their situation even more nightmarish.
“Follow us?” No, Prof, they will precede us, into the murder hole.
One hopes we can learn from their experience. In the mean time, get real assets while the wheel stil spins.
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Making a killing in FRE. I bet the Fed will come up with something to reverse that tomorrow.
todays moves in a few stocks.
JAVA +78%
ETFC +49.45%
AIG +60.42%
FRE +87.72%
FNM +87.72%
BAC +25.84%
C +27.49%
ABK +30.14%
HIG +25.81%
and this is just today, not counting that the rally has lasted now 6 days
all of this solely by government talk, I find this truely insane.
what other fuckery is around the corner?
Sometimes I think we are involved in the move up on the head portion of a reverse head and shoulders. If that’s true, we will continue up a little more, then progressively move downward, but not go as low as before, then start a steady move upward after the reverse head and shoulders is complete. Naturally, I can’t say for certain, but it has been on my mind for the last few weeks.
The other notion that this is a flash in the pan with a more severe downtrend coming just doesn’t seem reasonable.
J Says:
Take a look at the BMW 650 convertible. I have one those. They aren’t bad.
They had a prestige car auction hereof all the repossessions of prestige cars.
New ferraris cost 750G here in aussi dollars. 6 months old ferraris gone for 420G.
*******************************************
Why the fuck do you have the ARROGANCE to drive a half-million dollar car? What the fuck did you EVER DO TO EARN, and how the fuck were you RAISED to be such a conspicuous show-off?
You are a prime example of why there should be a 110% tax on all AGI above $250K.
Generational Oil Bottom:
Why haven’t your grandkids nailed your shutters and doors closed yet?
Mind your own bidness, you schlerotic old fook, this is America*, not Oceania.
(Yet)
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*(Technically, J is in Oz, but whutevah)
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Stfu, generational bottom.
I don’t drive a 500G car you nimrod. A Beamer 650 doesn’t cost that much.
If you bothered reading what I wrote I said there was an auction, which i didn’t attend that was reported in the press, you nimbus.
I was simply making light of the fact that a Ferrari dropped from 750K to 420K in 6 months as a result of the crisis.
Here’s the auction:
http://media.theaustralian.com.au/multimedia/2009/03/17-cars/index.html
And If I want to buy one of those fucking cars I will and it’s not arrogance, people sometimes like driving a great car like that for themselves.
Moreover what the fuck are you doing with your money… taking it with you?
There should be a 20,000% tax on adult diapers, GB.
Beamers are for Dannys … Get an Audi A4 or A6 for a classy, sporty yet roomy luxury car without going over the top. Anything too exotic may get you Maladoff [sic] cock-tailed or paintbald [sic] with the coming civil unrest. Something AIG should be witnessing soon enough with all their office buildings around the globe.
Re GM: No BW filing anticipated. The gov is prepared if necessary to do it behind closed doors if they can’t save themselves but … they turned down additional funding and the tell tale is their going forward with the introduction of the Camaro, something they wouldn’t be doing if they were in desperate shape.
Re Gold: Yeah, today’s fed action reaffirms the re-inflation methodology but come on, no way we inflate over night … still gunna take months and there are still rumors of the IMF selling gold to fund their ops as Uncle Sam is late with their deposit. Of course the U S congress would have to approve of their selling any of the 104 million ounces of gold the IMF owns.
My 1999 Honda Accord and I say drive whatever you want.
This is still the United States (at least for now).
Here is where you can read about cutting edge auto products. http://www.wired.com It is under sections – auto 2.0 There is the fastest production car now on sale on eBay. The most expensive car soon to arrive at several million dollars – an Aston Martin. I was watching FAS at around 2 pm and thinking about a small buy – I may be developing a smell for buys after watching the tape so much.
1967 Chevelle Super Sport
396
Muncie M22 “rock crusher” trannie
Wish I had my 64 Chevy Impala SS back.