I hope you all realize, I wish none of you ill will, despite my incessant taunting and bluster. The thing is, I win a lot. I am not talking about every once in awhile winship. Specifically, I speak of winning streaks that go beyond human comprehension, with regards to stock market wins.
Truth be told, I endure many losses in real life, especially while doing menial tasks. All sorts of bizarre shit plague Senor Tropicana. However, life has a way of balancing out.
While I might fall victim to a random bicycle accident, catapulting me into an egregious bush of roses. I make up for all of that, and more, via stock market mastery.
The market may pullback, over the next day or two, mainly because we can’t go vertical forever. However, the dips shall be purchased, with great vigor, until evidence of an economic uptick are debunked.
In short, I am long equities because it is the easiest path to winning, at this moment in time. You are long FAZ because you are a slave to your malignant ego.
If you enjoy the content at iBankCoin, please follow us on Twitter
Well said and very true. Just ride the wave but be prepared for the coming coral reef filled with man eating sharks.
That was one crazy ass XLF finish (and WFC,GS,MS,JPM,etc.).
Rumor has it LVLT is in talks to sell itself
TC:
I have never been to the Frederica Club, I bet it’s quite a place. We went down to Sea Island for a couple weeks last year, it is a beautiful place. Heading to Charlotte this weekend for the Wachovia/Quail Hollow, hope we get to see good golf out of the Worlds #1 and #2.
Take Care.
Moral:
Time machine good,
bicycle BAD.
TC I would say its a sign of indecision given we were not able to hold above 875. People are keying off the number so much that they don’t know which side to trade. I don’t think there is that much conviction over 875 but I believe people are buying dips and selling rips.
Just to be clear, if you use the word green shoots or mustard seeds you are 47.5 and older and also a bathroom trawler.
Greg Oden: That’s about as real as DEVILDOG making money in this market.
Fly,
What are your current positions in FAZ/SRS. You state they’re small positions, but i’m sure they’re hurting your portfolio. Will you be adding to them ?
SRS/FAZ are less than 2%. My biggest shorts were in FXP, which I sold yesterday. I am going to leave them and buy cheaper, whenever I think there will be an inflection point.
Obama will announce himself that Chrysler will be Bankrupt tomorrow. Shame to the nations people for him being forced into such an act.
poof goes the rally.
CAVM enjoying a good old-fashioned keel-hauling in the AH after a wee miss.
Heard a good one today.
Ignoranus: A person who’s both stupid and an asshole.
buying some FAZ just as a hedge when its a $3handle.might wait till it hits $2.50…no ego here
Fly,
Just curious. If you know SRS/FAZ are going lower, then why not sell , take the loss, and buy at lower price? Why would you hold something you know is going down.
How long will this mkt euphoria last?
I don’t see any reason to buy my company based on these numbers or projections. We are issuing too much stock to internal employees. Blah.
Bull
Because my win rate is not 100%.
Sad state of affair is that Chrysler is a piece of shit brand. They’re not even attempting to live. They’re only attempting to satisfy Obama’s demand to get a handout. Didnt’ those same fuckos same “…we didn’t need the money anyway” ?
Hhaha..CNBC has finally posted it…. DOW 10,000 by year’s end.
Who posted that the Dow will be pushed up to 10k by the obamanator’s crew?
Fly,
Glad to hear that you’re only human. What i’m asking is that isn’t it cheaper to sell it now, and buy the same # of shrs at the lower price. Instead of, price averaging lower which will still be a higher price.
“mushroomz, WTF are you talking about? Bears did win, and shut up with this trickery shit. There’s no trickery you marked ass trick” -bull rida on April 28
I made 5 digit personal gains the last 2 days, 80’s Lenny Dykstra style.
It ain’t trickin if you got it.
Mushroomz,
Fuck off…5 digits of what?
You’re taking it out of context. That was in regards to yesterday you stupid fuck. Bears did win yesterday, did they not?
As in over $10,000 USD
I was flat tuesday, and up big today.
I wouldn’t have come back at you like this, except you called me a marked ass trick.
Bull Rida: The answer is he is using the products as a hedge against his long exposure should we experience a shit the bed down day. While he does expect over the long term we will end down he is playing this run up with full vigor in order to debank you of coin. Once the inflection begins he will cull his longs and begin averaging into FAZ once again.
ahaha..fuck off. Such a bitch if you can’t handle that. And BTW that’s some nice coins you banked there!
Drunk off my ass!!!
Think I might put in another order for FAZ at 8.00. Still holding the shit FAZ I bought at almost $17. Feel free to call me a retard.
Good luck to all you good investors!
Getting stressed about job situation, and fricking pissed about the wife’s miscarriage!
Regardless, the show must go on.
End of tranmission from Mars.
Ok thanks bully good luck to you man
Re: Previous comments on semis as related to TV demand.
http://www.twice.com/article/CA6654681.html?nid=2402
It ain’t TV’s…
Mars – sorry to hear that sad news. I hope your wife’s health is ok, and that you are well. Life deals us terrible blows sometimes. Hang in there, bud.
Mars,
Very sorry to hear, my friend. Hang in there, bud.
_______
AMKR going batshit in after hours.
Thanks PPT.
_____
Short FSLR at 175 after hours…
Lazy, maybe I’m the lazy one here but I got the impression that link was speaking specifically of “plasma” TVs. LCD TVs are all the rage these days..
Its hard to believe than JPM is only down 30% from it peak price,GS is only down 47% and WFC down 50%. Compare this to BAC down 80% C down 95%, MS down 70%. Looking at JPMs derivative exposure, GS being a little more than a hedge fund and WFC being over exposed to Pay option ARM crap via Wachovia, you have to believe these 3 will both fall a lot further before this crisis is over.
Total mortgage debt in the US is $11 trillion. Home prices in places like Arizona, California, Florida and Nevada are down between 30-50%. Very conservatively I would think 25% of that total mortgage debt will have to be written off. That’s 2.75 Trillion Dollars. Last I checked, banks had written of close to a trillion dollars. There is still 2 trillion to go. Banks are hoping for a market recovery and house price appreciation in order to avoid the write offs. One way or the other they will have to take those losses. Home owners are getting smart and those under water are contacting their bank and demanding they reduce their mortgage balance. You owe $300k on a house that’s only worth $200k it makes no sense to continue paying your mortgage unless the bank reduces the balance down to the house value. Banks don’t reduce the balance and the home owners stops making payments and lives in the house free for 8 months or however long it takes for banks to foreclose. In some cases home owners haven’t made payments in a yr. and banks have still not foreclosed because of sheer volume of foreclosures. Its a mess out there. Funny thing is in the case of 20% of mortgages, the bank cannot prove they own the mortgage and thus cannot foreclose on the home. Stop making mortgage payments and you have a 1 in 5 chance of living free in the house the rest of your life. Just make sure you pay your property taxes.
This market is done, stop shitting your pants everytime there is a 1.125784% move. If SP closes about 880 two days in the row, I will change my mind for a short time. Intermediate term; LOWER.
In the meantime, all those who calim they are making these insane amount of money in this rangebound market for the last couple of weeks are…well you know…
Here’s debunking of some fascist propaganda:
http://globaleconomicanalysis.blogspot.com/
Dr. Incognito,
To an extent, yes – and that IS the problem.
In my past life I spent several years managing a large consumer electronics retail store. We lived and died by our TV business. I am still very much involved as I am a 49% investor and state license holder in a specialty electrical contractor (Commercial Audio / Video / Fire & Security). Explains why I get TWICE. We sell Pioneer Elite, Panasonic Premiere & Pro, Sony, Samsung, et al.
Plasma is currently still the indicator of TV business health as it represents the top range (larger sets).
Without large TV sales, retailers & mfr’s do NOT make money. Sadly, Pioneer had to drop out for just this reason and Panasonic has not faired much better – they are deep in plasma. Make NO mistake – there is VERY little money in smaller sets (for anybody). The money ONLY comes from sales of warranties, cables, mounts, labor, etc.
LCD & Plasma each represent about 50% of unit sales so, while LCD was up (from memory) 14% Y/Y, plasma was down 36%. Net negative.
Growth came from much smaller, lower tech (read less 1080p in the article), CHEAPER sets. China was responsible for a good deal of this growth.
So, we have net negative unit sales with a very strong trend toward low tech.
And there is the bearish chip sentiment. Lower unit sales along with price pressure and add in the aversion to higher-tech (better profit) TV’s – this does not bode well for chip mfr’s. They are selling less units and the sales they are making are commodity low margin chips. With TV mfr’s beaten down, they will surely put even more pressure on chip mfr’s to further commoditize these chips.
BTW – totally unrelated but plasma is a better technology in practically every way – if you believe otherwise, you are falling victim to a bad rumor that the industry can not shake. When plasma came out, salesmen were tired of hearing – “that looks great, I’ll be back in a couple years when prices drop”. Wanting to make a sale today, they talked up the negatives… short life, burn-in, etc. and it stuck.
And LED kicks the ass of both.
CAP,
Yes, yes. I am working on a post to the PeeG: “Should Sarah & Joe Walk From Their House?”
I have several close friends who are debating out loud the idea of walking away (after living free for ?? months). One of them is taking votes!! No shit – they are talking to all friends and advisors to see what they should do. Foreclosure is not longer taboo (big problem).
The mortgage mess is not over. To me, the reality that value will not come back is finally setting in for homeowners (at least here in Florida). As traders we ALL know how hard it is to cut loose a bad trade. Homeowners are starting to capitulate. Where capitulation usually marks a bottom, housing is far more complicated than that. No?
Face the fact–The housing market is getting better and the whole economy is improving, most people know this.
The thing that bothers me the most, is that I sold a few days ago and left money on the table. If I could only stick with my theis, and not let the day to day nut cases mess with my mine.
PS..I’M BEGINNING TO WRITE LIKE THE FLY.
Fly tell me you don t wear a teal and yellow spandex outfit and matching helmet, knee and elbow pads.. I had a shit day(daughter had prob.) and now the bicycle outfit vision
Carson,
I’m going to say something stupid?
This market has little to do with reality right now. Banks are moving higher as the gov’t decided it would be so. If the banking sector is “fixed”, there is little else to worry about.
You simply can not go against that until/if it stops working.
Some believe that it will all fail spectacularly. Others that the banks are in on the whole thing (via investments in the market) and will pull out of it.
I should not speak for the Fly but he is simply smart enough to realize ‘tis better to let the money of others increase yours.
You can not fight a determined printing press lest you end up all inky and shit.
This is fucking scary right here. http://www.bloomberg.com/apps/news?pid=20601087&sid=a97rZxZqE4S8&refer=worldwide
Anyone here find this troubling? If not you need your head examined. Imagine the headline: Obama set to unveil his newest model of GM car. Obama is said to have desiged the car with input from his first comrade shortly after making 18 hole in ones.
Dear crazy peeps… That’s what crazy about the market. Bulls can make money. Bears can make money. And even on the same day. But even the godly FLY doesn’t think that tomorrow won’t include a little of both. He’s just playing the range game right now like the good players are. 830-850-870-850-870-850-830. I promise you though, if the market starts going down, the FLY will be out of longs before you are even aware of the downturn, and call anyone long an ignorant asshat.
The housing market is getting better?
Only in the sense that it is getting closer to the bottom.
In areas with really high rates of foreclosure, prices are stabilizing, because banks are finally trying to get rid of the inventory and prices dropped to where investors can buy them as rental units.
Meanwhile, the foreclosures and price reductions continue to climb up the ladder to more expensive homes and neighborhoods.
Why would homeowners capitulate? You have to live somewhere.
Lenders own a lot of homes. Lenders capitulate.
Real families capitulate when they either can’t keep up payments or “capitulate” when they have negative equity and a non-recourse mortgage.
Right, we need a new bowl of kool-aid.
“Real families capitulate when they either can’t keep up payments or “capitulate” when they have negative equity and a non-recourse mortgage.”
Exactly!
Where many thought prices would magically come back – there is now a sense of lost hope and walking appears to be the best option.
Example: http://www.youwalkaway.com/output24/InterectiveFlashCalculator.html
The couple I am referring to came up with 50 years to recover lost equity…
Treasury to buy Automaker Bonds with Tarp Funds … this new?
http://www.cnbc.com/id/30485436
Geithner said that “debt obligations issued by companies engaged in the manufacturing of automotive vehicles” can be purchased by the TARP program “to promote financial market stability.”
You are a slave to your malignant ego. Still laughing.Shouldn’t though as I am a slave to the flys stock picks.
The housing market is improving in the lower end market $250k and under. If you go above $500k its virtually stagnant. And if you go over $1 million then sales are non existent. Here in the Greater Phoenix area, we have something like a 8 yr supply of $1 mil + homes. Those homes will eventually sell once they are marked down 50% – 75%. Banks will take the bulk of the hit. You had a bunch of people building all these million dollar spec custom homes on 1+ acres in Scottsdale. They are like 1500 + on the market. Beautiful homes but no buyers. The builders will walk away and banks will be left holding them. Its already happening and getting worse.
http://www.youtube.com/watch?v=U-TgFX-UkeM&feature=related
This seems to be a major project. The company must be successful because it’s happening all over the country and various nations around the world.
Slap chop remixed
http://www.youtube.com/watch?v=UWRyj5cHIQA
Stop having a boring Tuna, Stop having a boring life! Classic Vince
omfgitsjd, are you an Infowarrior?
Nikkei up 4%, putting it back to where it was two days ago… depression over, go on about your lives
I just read Gappins bloomberg Chrysler Fiat bankruptcy article above. Obama to announce tomorrow… Sheila doesn’t like her participation, as FDIC is under funded.
It is all shit and the s&p will go up to 880-900 probably.
Very scary bits of info in there.
This seems to be a major project. The company must be successful because it’s happening all over the country and various nations around the world.
Paranoid much?
That slap chop vid is fucking funny!!!!!!!!!
Is that Turbo and Ozone???
ROFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!
isay,
No. Just a normal and average PhD in Chemical Physics interested in trading stocks, but easily distracted by important shit.
By the way, I hang at some of the Miami beach clubs. If I see Vince out and about I’ll let him know he’s worshipped here.
This aren’t the droids you’re looking for. This isn’t the bad economy you think it is. The banks aren’t having any problems like you think they are. You can go about your business and buy more longs. Buy more longs.
Dpeezy,
No, I don’t work at the world trade center.
It was just a question.
Do you have empirical evidence of it being used. That was just video of airplanes and bags of unknown contents. What would be the point of it again?
I am a Geoscientist, so I have a grasp of Chemical Physics albeit at a BS level. (Make joke here)
The Infowars.com program is produced in my neighborhood and they tackle these kinds of stories. 9/11 inside job being very popular there.
Milan’s financial police seized 476 million euros ($620 million) of assets belonging to UBS AG, Deutsche Bank AG, JPMorgan Chase & Co. and Depfa Bank Plc amid a probe into alleged fraud linked to the sale of derivatives.
Interesting. If other cities, counties and municipalities start responding like above, this could spell deep deep shit for banks. Like I said a short of JPM makes sense given their massive derivative exposure and the fact they are only down 30% from peak price. Maybe the US Govt. can save JPM here stateside. but overseas its another story. Imagine if their assets get seized in places like China, India,Russia and so on and so forth. The game is getting interesting at this juncture.
CAP:
The Italians will get the necessary smack across the ears for doing that and pretty soon people will forget.
I’ve been an artist all my life, much of which included the skies as part of my paintings. I’ve witnessed it all first hand.
I remember doing a little research on global maps of nations that were deep in debt. Italy was bloody red while russia and china were green. The US was somewhat orange, until now.
O
What are smoking these days?
j,
nothin. What ya got?
omfgitsjd,
ask and receive…
http://www.cnbc.com/id/30308959/
debtor nation by gdp comparison – might actually make you feel better?
Listen you fucks, Taiwan is ripping – buy EWT. The Fly will probably play this Taiwan thing too. Just remember, I own the greatest house in the world and you do not.
‘scuse the long post but…………
I find this a bit unsettling and wonder what you mavens of high finance think of it. The financial meltdown and now the upgrading of the flu thing (which is nearly the equivalent of martial law, check out what the various levels mean) has me cogitating deeply. Too many things are happening at once to be a coincidence.
Lest you think it was written by some right-wing kook, David Kaiser is a historian whose published works have covered a broad range of topics, from European Warfare to American League Baseball. Born in 1947, the son of a diplomat, Kaiser spent his childhood in three capital cities: Washington D.C., Albany, New York, and Dakar, Senegal. He attended Harvard University, graduating there in 1969 with a B.A. in history. He then spent several years more at Harvard, gaining a PhD in history, which he obtained in 1976. He served in the Army Reserve from 1970 to 1976.
He is a professor in the Strategy and Policy Department of the United States Naval War College and has previously taught at Carnegie Mellon, Williams College and Harvard University. Kaiser’s latest book, The Road to Dallas, about the Kennedy assassination, was just published by Harvard University Press.
Dr. David Kaiser
“My friends, we live in the greatest nation in the history of the world. I hope you’ll join with me as we try to change it.”
– Barack Obama
History Unfolding
I am a student of history. Professionally, I have written 15 books on history that have been published in six languages, and I have studied history all my life. I have come to think there is something monumentally large afoot, and I do not believe it is simply a banking crisis, or a mortgage crisis, or a credit crisis. Yes these exist, but they are merely single facets on a very large gemstone that is only now coming into a sharper focus.
Something of historic proportions is happening. I can sense it because I know how it feels, smells, what it looks like, and how people react to it.. Yes, a perfect storm may be brewing, but there is something happening within our country that has been evolving for about ten to fifteen years. The pace has dramatically quickened in the past two.
We demand and then codify into law the requirement that our banks make massive loans to people we know they can never pay back? Why?
We learned just days ago that the Federal Reserve, which has little or no real oversight by anyone, has “loaned” two trillion dollars (that is $2,000,000,000,000) over the past few months, but will not tell us to whom or why or disclose the terms. That is our money. Yours and mine. And that is three times the $700 billion we all argued about so strenuously just this past September. Who has this money? Why do they have it? Why are the terms unavailable to us? Who asked for it? Who authorized it? I thought this was a government of “we the people,” who loaned our powers to our elected leaders. Apparently not.
We have spent two or more decades intentionally de-industrializing our economy. Why?
We have intentionally dumbed down our schools, ignored our history, and no longer teach our founding documents, why we are exceptional, and why we are worth preserving. Students by and large cannot write, think critically, read, or articulate. Parents are not revolting, teachers are not picketing, school boards continue to back mediocrity. Why?
We have now established the precedent of protesting every close election (violently in California over a proposition that is so controversial that it simply wants marriage to remain defined as between one man and one woman. Did you ever think such a thing possible just a decade ago?) We have corrupted our sacred political process by allowing unelected judges to write laws that radically change our way of life, and then mainstream Marxist groups like ACORN and others to turn our voting system into a banana republic. To what purpose?
Now our mortgage industry is collapsing, housing prices are in free fall, major industries are failing, our banking system is on the verge of collapse, social security is nearly bankrupt, as is medicare and our entire government. Our education system is worse than a joke (I teach college and I know precisely what I am talking about) – the list is staggering in its length, breadth, and depth.. It is potentially 1929 x ten… And we are at war with an enemy we cannot even name for fear of offending people of the same religion, who, in turn, cannot wait to slit the throats of your children if they have the opportunity to do so.
And finally, we have elected a man that no one really knows anything about, who has never run so much as a Dairy Queen, let alone a town as big as Wasilla, Alaska . All of his associations and alliances are with real radicals in their chosen fields of employment, and everything we learn about him, drip by drip, is unsettling if not downright scary (Surely you have heard him speak about his idea to create and fund a mandatory civilian defense force stronger than our military for use inside our borders? No? Oh, of course. The media would never play that for you over and over and then demand he answer it. Sarah Palin’s pregnant daughter and $150,000 wardrobe are more important.)
Mr. Obama’s winning platform can be boiled down to one word: Change. Why?
I have never been so afraid for my country and for my children as I am now.
This man campaigned on bringing people together, something he has never, ever done in his professional life. In my assessment, Obama will divide us along philosophical lines, push us apart, and then try to realign the pieces into a new and different power structure. Change is indeed coming. And when it comes, you will never see the same nation again.
And that is only the beginning..
As a serious student of history, I thought I would never come to experience what the ordinary, moral German must have felt in the mid-1930s. In those times, the “savior” was a former smooth-talking rabble-rouser from the streets, about whom the average German knew next to nothing. What they should have known was that he was associated with groups that shouted, shoved, and pushed around people with whom they disagreed; he edged his way onto the political stage through great oratory. Conservative “losers” read it right now.
And there were the promises. Economic times were tough, people were losing jobs, and he was a great speaker. And he smiled and frowned and waved a lot. And people, even newspapers, were afraid to speak out for fear that his “brown shirts” would bully and beat them into submission. Which they did – regularly. And then, he was duly elected to office, while a full-throttled economic crisis bloomed at hand – the Great Depression Slowly, but surely he seized the controls of government power, person by person, department by department, bureaucracy by bureaucracy. The children of German citizens were at first, encouraged to join a Youth Movement in his name where they were taught exactly what to think. Later, they were required to do so. No Jews of course,
How did he get people on his side? He did it by promising jobs to the jobless, money to the money-less, and rewards for the military-industrial complex. He did it by indoctrinating the children, advocating gun control, health care for all, better wages, better jobs, and promising to re-instill pride once again in the country, across Europe , and across the world. He did it with a compliant media – did you know that? And he did this all in the name of justice and …. . .. change. And the people surely got what they voted for.
If you think I am exaggerating, look it up. It’s all there in the history books.
So read your history books. Many people of conscience objected in 1933 and were shouted down, called names, laughed at, and ridiculed. When Winston Churchill pointed out the obvious in the late 1930s while seated in the House of Lords in England (he was not yet Prime Minister), he was booed into his seat and called a crazy troublemaker He was right, though. And the world came to regret that he was not listened to.
Do not forget that Germany was the most educated, the most cultured country in Europe . It was full of music, art, museums, hospitals, laboratories, and universities. And yet, in less than six years (a shorter time span than just two terms of the U. S. presidency) it was rounding up its own citizens, killing others, abrogating its laws, turning children against parents, and neighbors against neighbors.. All with the best of intentions, of course. The road to Hell is paved with them.
As a practical thinker, one not overly prone to emotional decisions, I have a choice: I can either believe what the objective pieces of evidence tell me (even if they make me cringe with disgust); I can believe what history is shouting to me from across the chasm of seven decades; or I can hope I am wrong by closing my eyes, having another latte, and ignoring what is transpiring around me..
I choose to believe the evidence. No doubt some people will scoff at me, others laugh, or think I am foolish, naive, or both To some degree, perhaps I am. But I have never been afraid to look people in the eye and tell them exactly what I believe-and why I believe it.
I pray I am wrong. I do not think I am. Perhaps the only hope is our vote in the next elections.
David Kaiser
Jamestown , Rhode Island
lazy,
The debtor nation article seems to have left out italy for some reason. Probably a CNBC error. My perception was they were FUBAR. Thank you though. It was interesting. Those were all nations where the banks call the shots.
Italy is buried in debt but I think the article was just counting foreign debt.
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
Just glad we aren’t Ireland (yet).
Lazy — I was just saying that (as an almost 100% Irish American, I can) to myself:
Who TF gave all those drunken micks that much money??
I think the culprit was the Eurotards at the EU, though, and it was a bribe to keep them from leaving the EU back when everyone was rattling to do that, and Ireland was the “Celtic Tiger.”
________
Talks fail, BK tomorrow
Mars,
Best to your wife. Understand where you’re at. It’s important to be with her now. The booze will fuck that up, if you know what I mean.
End of transmission to Mars.
Mars,
Damn.
What Anton said.
Big Dollar really taking it up the backside. I sold some US D against Canada and will run with it for a while I think Stop is at 1.2030 where I got in.
RE:”Debtor nation by GDP comparison” Percentages aside, you all noticed the only nation that had the word ‘Trillions’ attached to its debt…
Here Jake, just to show that I still respect you this morning, Swine Flue gets Fiscal:Food for ‘Jakethought’ Finally, something I’d bet we can agree on…
The stupiest comment of the year.
BOJ: Japan economy to start recovering in Oct-March
in 2048.
2009 market forecasts from 45 economists, BusinessWeek —
http://www.iterasi.net/openviewer.aspx?sqrlitid=fpdy-jsz9u2rrpivwov4na
Bears are TOAST! Lakshman Achuthan calling the end of the recession.
The reason why Taiwan went bonkers.
http://247wallst.com/2009/04/29/etf-watch-what-happened-in-ishares-msci-taiwan-index-ewt-twn-tfc-fxi/#more-32662
Hey Yogi, do you or Boo Boo have a link?
TC
The Shanghai Comp was up 9.4% just quietly.
I bought BHP today. But I’m going to sell that and see if I can get myself set in FXI over the next few days as that shit is heading to 45 bucks. China’s moving.
Yogi and Boo Boo – http://www.businesscycle.com
*Poof* there goes your rally:
http://www.theglobeandmail.com/servlet/story/RTGAM.20090430.wpreciousmetals0430/BNStory/energy/home
The U.S. dollar recovered some losses against the euro on Thursday after earlier falling to a three-week low against a basket of currencies as speculation the global economic downturn was slowing raised demand for assets seen as riskier.
Anon – I saw “Quicky” interview him on CNBC. He’s always seemed pretty reasonable. He said the bottom of the economic cycle was probably in November 2008. If he’s right it would make this an interesting bear market (no real rallies to the 200 day, etc.). I think the “tell” will be how we react when/if we get to the 200-day MA. Remember, in 2002 off of the October 10th bottom we tested 200-day MA, then went back down again before blasting off.
Econ Smack-Down:
Lakshman Achuthan vs Nouriel Roubini
What’s the early line?
Nothing like a Chrysler Bk and Pig Flu to make the market go apeshit. Biden tells the folks in NY to stay off the Subway?
http://www.nbcnewyork.com/news/us_world/Swine-Flu-0428.html
Something smells fishy.
the fly wins again with CDNS. up 12% in the pre
The new American way of capitalism: bankrupt your competition:
“Bank-debt holders, many of them hedge funds or distressed debt funds, voted against the latest deal for various reasons, ranging from financial interests to philosophical ones. Some said their funds had bigger positions in Ford Motor Co. or General Motors Corp. and could benefit by a Chrysler bankruptcy and the production capacity that may eliminate. Some funds may also have credit-default swaps on Chrysler bank debt that pay out in the event of a bankruptcy.
Three of the bank-debt holders on the bank-steering committee, Oppenheimer Funds, Perella Weinberg Partners’ Xerion Capital Fund and Stairway Cap Management, told J.P. Morgan and the other large lenders on a bank call Tuesday that they wouldn’t support the deal and would advise other lenders not to support it. It is unclear whether the later counteroffer changed their position.”
http://online.wsj.com/article/SB124102375931669205.html
MSO earnings are out. Any thoughts?
PCX
mrkcbill Says:
Nothing like a Chrysler Bk and Pig Flu to make the market go apeshit. Biden tells the folks in NY to stay off the Subway?
http://www.nbcnewyork.com/news/us_world/Swine-Flu-0428.html
Something smells fishy.
Yea, M….
I have the utmost disrespect for the UN or nearly all supranational entities, however the WHO is actually not a bad operation perhaps because it hires sick fucks who (no pun) really revel in misery.
They actually do a good job in this shit. Now The WHO they’ve put the risk arrow on 5 outta 6 which is really concerning.
People looking at the death toll in isolation ( again no pun) aren’t really looking at the problem here and what it could look like.
The death toll over the contagion rate is actually quite high and it looks like the freaking thing has spread everywhere. SAS was actually quite hard to contract whereas this thing comes at you like the normal flu.
Now the race is on to get a vaccine out before it really gets ugly.
The northern hemisphere is quite lucky as flu contagion seems to slow down in the summer, however we’re coming to winter in the southern hem which is where the real trouble could start.
Worst case scenario is that it goes through the population in the southern hem, mutates into an ugly version here and then gets transported to the norther hem as a toughened up mutation ready for the winter of 2010 in the north.
The worst case scenario really does have an irritatingly high probability.
Watch out people.
Soon, the devices they planted inside my head will activate and through psychic energy penetrate all… we’re all gonna be slaves to egos…
lego my ego!!
I love this shit.
with the government, all you have to do is run your huge company into the ground and they will come and save you.
the theme of the year is “good section, bad section”
now even with Chrylser, now they are talking about spliting into a good company and a bad company?
what the fuck is this shit going to do?
on other news, LVS has gone from 1.38 to 9.00 in 2 months. I here they are getting financing to finish some shit up. Might be a play even from here, could run up to the 20.00’s buy fall?
carry on.
Are ya still on the LVS train with me or did ya just pass up my earlier posts? Woot-Woot!!
pretty unique day when the only shit printing red on my screen is FAZ.
FAZ! FAZ? That reminds me, you around Dog? “How’s that working for ya”, you hound for hell. Mooooooooooooooooooooooooooooooooooooooooooooooooooooooooo
crazy WYNN, back from the dead, from 14.50 to 43.08
SFLY told ya.
To paraphrase TC: done for the morning – thank you DOW, you miserable piece of crap. A $2.60+ move on a 97% drop in profit – so highly sustainable.
Gonna go buy a new Chrysler minivan and customize the shit out of it.
Henry, you are nailing the calls here lately..
good show.
That’s what you get for being a bitch.
MSO earnings:
http://online.wsj.com/article/BT-CO-20090430-711898.html
While you’re getting cigar ashes in your face, why not shoot for some phat dividend paying coal ash in your portfolio?
_______
Braveflaps says:
Gonna go buy a new Chrysler minivan and customize the shit out of it.
Always aim high Braveflaps.
sfly is Henrys version of Elsey the cow. Green in one end,cream out the other.
Well here we are pushing 890. WTF-upper end of the channel is 900. Is this going back to the inauguration euphoria of 920/930.
Ride the tape?
Devil Dog is going to be right soon, no?
Done for the AM.
Missed SMH but my JPM short did me good.
Wanted to do a GS short but 130 is gonna be like a magnet.
Watching ABX for a long.
Braveflaps-Go get that Chrysler, maybe a 2 for 1 sale.
TC
SMH does look like a good swing trade pick.
I’m done with 16% STLD deal, Its a regular of mine lately.
I could take crox off now. Not sure what it will do from here.
Fuck it, it is at the low end of the channel but it makes me nervous and if I sell it, it will shoot up for you guys still holding it. Done. Get ready for crox 2.50+
UNG heavy here. But don’t be a fucking pussy if it continues a little lower. Just know as soon as factories come back online the demand will skyrocket. But do as you will, I said the same in DXO back at 1.82. I am sure most of you know better than myself.
DVAX next runner. You can actually buy here around 1.10 -1.15 and stop out @ 1.05
upside is unlimited downside inraday .05 -.10
Anyone who wants some notated charts of DVAX email me @ [email protected]
and I’ll shoot you a email
Gold stocks-GG,ABX.
Daytrade only.
The new American way of capitalism: bankrupt your competition:
Not so new, Zen. Investors are always cutting losers and letting winners run.
Why allow a terminal patient mess up your possible survivor?
PS — Chrysler should’ve been “let go” in the early eighties when they were bailed out the first time.
_______
Gappin
I like UNG here. I’m down for [email protected]
Not a big shot like Fly and etc.
isay
13,000 ger nothing but cigar ashes
CROX looks like it could squeeze up about $1.00 in a NY minute.
I have a chart of that w/ price target if anyone wants it.
I bought 1500 UNG at $12.75. My buys have been 25 cents down from 13. My initial position of 350 shares was at 13.18. I have 2 more bids at 12.50 and 12.25 out.
mrkcbill
I’m cheap.
Gappin
ETE (nat. gas-energy transfer equity) is on my low p/s-p/e screen and has been kickin ass. Disclosure: never owned it
So UNG is draggin Good tip I think, Thanks.
Quiet everybody, Barrack is buying here lets see what he buys us in for!!!
The teleprompter speaks.
Next US government takeover.
Education and Healthcare.