GRAVEYARD PARTY CANCELED
Regrettably, this evenings GRAVEYARD PARTY, hosted by DEVIL DOG and “The Great Roubini,” has been canceled, due to government interference. Goldman Sachs, alongside the O’Bama administration, saved the day. Incidentally, earlier today, I informed the gentlemen of The PPT of a pending bottom, at the very lows of the day. During that time, DEVIL DOG and Co. were packing their napsacks with horse nose meat and the testicles of small cats, for a late night snack, of course.
As you know, “The Fly” bought more Corning Incorporated (GLW: 19.24 0.00%) today, while he was having a “fuck it” moment, reminiscent of the gentlemen drinking a few brandies, while the Titanic was sinking into freezing as fuck water.
In short, today’s reversal was impressive and will lead to a sharp bounce tomorrow. Write that down, fuckface.
NOTE: iBC’s own Chart Addict just launched a premium service. Despite not being a fan of charts, I am a huge fan of The Chart Addict. His market calls have been nothing short of stellar. For those of you who are interested in stepping up your game, I believe his service is worth your investment.
Denninger striking back at Woodshedder: http://market-ticker.org/archives/1191-Trading-For-The-Lazy-and-Ignorant.html
Denninger needs a facelift.
yea he does. He’s as ugly as blind cobbers thumb.
What a duck faced coward. Bans Woody from responding to his flabby logic and then attacks him.
No honour (sic) whatsoever.
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Denninger needs a facelift.
He might look good in drag, with enough makeup. Nope, not even.
What an asshole.
Wow:
Wooshedder cops a blast from the great and wonderful former IT support person and now Nobel Laurette (economics), Karl (doomsday) Denninger.
Denninger trying to give Woodshedder a beat down
This should be fun
Says the great karl.
This, my friends, is why those who worship at the unbridled altar of technical analysis without looking behind the patterns on the chart will often find themselves on the wrong side of the trade, and if they’re stubborn about it, ruinously so.
I says we get a UFC match going with no holds barred. However i reckon shed would be a gentleman and Den would be a eye scratcher.
rofl
I default to Woodshedder, only because he is a brother of iBC and because Karl spells Carl with a K.
Karl with a K eats too many soybeans. He needs to have a couple of salads, hold the soybeans… work those manboobs down a tetch.
Yeah, that GM soya is a killer. BTW, did you dump MON yet?
My basis is $17. Would you want to pay taxes on that?
And any soy has estrogen in it, Scum. Even the GM kind, although they could probably eradicate it pretty easily should they choose.
That’s why I won’t sell.
It’s fucking impossible getting into the Alcoa investors page. I reckon every fucker in the US owning stocks is trying to get into that site at the moment.
AA beat revs but missed consensus earnings… typical.
not true. It was a beat on all fronts.
Yah, they lost less in Q2. The road to prosperity is lined with smaller losses. WOOHOO!
Made Man is back. He called the correction in the face of Mr. Fly’s juvenile chest pounding fuckery.
There will now be a snap-back because there has been lots O’ damage. But don’t get complacent because you’ll get rolled like a Tijuana tourist.
Do me a favah, and go getchya shinebox.
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Lmao….As usual, our budding Dictator attempts to win an argument he has long ago lost, by pure obfuscation.
When you visit his palace of Fascism, you might ask him why he deleted the thread where we had our little debate, especially since he claims the upper hand in this debate.
Here is my original post: http://ibankcoin.com/woodshedderblog/2009/07/01/mr-denninger-is-incorrect/
Read it, note how simple his assertion is, note the testing I did, and note how he has now completely changed the entire argument.
When you visit his site, BEWARE THE ZOMBIES.
You mean sockpuppets? They’re pretty easy to identify.
They, too, waddle.
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At iBC you adorn yourself with the finest tuxedos and pristine white gloves while reading and navigating, at Denninger’s den of [k]ommunism you throw on a red shirt and type with sickles (think Edward Scissorhands).
burlap shirt too, over at karl’s
HUH? He never took on your argument. At all. Just a lot of words and insults, but zero meat. In fact, he didn’t even approach the argument, kinda like a nun in Reno. Just another blowhard.
So far this hasn’t been much of an argument/debate, you can’t argue with stupid. Game, set, match Woodshedder.
KD is the biggest fascist evah.
I will side with Woodshedder even though I do not generally like being on the same side as j on any issue.
chivas is god.
GA
WTF
Go fuck yourself with a pitchfork, you dimb bulb
woodshitter loves T&A, but isn’t the real deal to get to the pussy?
AA stock halted until Goldman Sachs has time to get all their buy orders in at the last price before they re-open it…… they’ll be done soon….be patient, you can always buy RTP in the meanwhile….while you wait for AA to resume.
it will rippppp
If by “rippppp” you mean “rest in peace”…then yes…it will ripppp.. Use any strength to unload longs and re-load shorts.
Chivas is enjoying a fine vigar as we speak.
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In other news - dykstra files for bankruptcy
http://blogs.suntimes.com/sportsprose/2009/07/lenny_dykstra_files_for_chapte.html
you must have just gotten up from a 6 hour nap?
Possibility: GS has gotten access to see order flow and then take action in the options market or front run the order:
http://www.dailykos.com/storyonly/2009/7/7/750786/-Incredibly-Shrinking-Liquidity-as-Goldman-Flushed-Quant-Trading
Goldman Sachs may just possibly have used security access codes and built a system to acquire trading information PRIOR to transaction_commit time points at NYSE.
crime of the century ?
Nothingburger, GS owns the NYSE.
Incredible shrinking credibility of Daily Kos leaves me scepticism-ish.
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looking through that more I think its bullshit conjecture, and badly written.
I’ve formed a brilliant fantasy about what GS really does have and if they DON’T have that I’m gonna have it coded up by the weekend myself and then you fuckers are all toast.
analyze the micro-volatility (stochastics on time/price/volume of incoming ticks), beam it back to the mothership and run the quant matrix on it. they have screens showing hotspots of converging stock-lust-fear. they sit in their lairs and pick off the clusters of low-hanging money
but seriously front-running is nothing: that depends on the other goon knowing what’s what. all you really know is where the goon wants to go. the only people worth watching are people shifting weight. and then what ? do options orders ? really front run them in the same market ? way too obvious.
but if, as I suspect, they are using their market making systems to analyze micro volatility, tick time/volume/price dispersion, running analytics on those and generating useful metrics, this is very useful for the mothership: to know what stocks are generating in-the-pit action and at what size.
I had the winning bid on a pair of Uggs for my girlfriend, 23 seconds left, thought they was mine, then some Goldman Sachs fucker pulls out his super “code” or whatever, and swipes the boots out from under me with 1 second to go !!!!!! 1 Second !!! How did he know?? It’s more than just stocks people, Goldman has their paws on EVERYTHING.
Uggs? In the middle of summer?
How about some Jimmy Choo’s?
I know it’s summer… but…um… ahh….dammit CA, you saw right through my pretend Goldman story….
: )
You will score mad points with your gf if u get those JC shoes right now. Guaranteed.
The Mercedes plant here is going back to 5 day work weeks. They had been on 4 day work weeks since March.
Dave’s in ‘Bama? I like Dave already.
__
Must be the plant I pass when I travel between Birmingham and Tuscaloosa on the way to Mississippi.
The original Dreamland BBQ in Tuscaloosa is pretty good.
Correct. on both counts
You should play at North River Golf Club sometime.
Not sure where North River GC is but I did caddy for my son in The Southern Am. a few years ago at the Country Club of Birningham. It was over 100 degrees in the PM and no rain.
I do know my son played last week at Ol’Colony in Tuscaloosa.
ebay sniping sucks…where do I get that software? I lost a couple of nice things to these thugs….why does ebay allow it anyway? there is no way to beat them with 20 seconds left - ebay turns off the bids around then…wahhhhh
Fly - Love your posts, but can’t help to notice your thesis is beyond fluid. I’m all about being nimble; but lately you seem directionless.
Point blank - What is your short & medium term outlook?
Fly is reduced to bubblevision cheerleader.
Come on Dodgers, I got an ESPN streak riding on you!!!
Dammit. The baseball gods were definitely smiling on the Mets tonight. Call it a pity-win, I suppose.
The Rangers and the Angels are battling out game 3 of a 1-1 series. Winner takes the lead in the AL west, go Rangers!
Fly wins again:
Get long GLW
July 9 (Bloomberg) — Sharp Corp., Japan’s largest maker of liquid-crystal displays, rose after the company said it will boost production capacity of LCD panels.
Sharp gained 1.1 percent to 916 yen as of 10 a.m. on the Tokyo Stock Exchange, the biggest advance since June 25 after reversing a drop of as much as 1.7 percent. That compared to a 2 percent decline by rival television maker Panasonic Corp. The benchmark Nikkei 225 Stock Average slid 0.7 percent.
The Osaka-based company said Yoshiaki Ibuchi, an executive vice president, will brief at 3 p.m. today at its headquarters on the plan to boost production of the No. 2 factory in Kameyama, central Japan, the company’s main plant for making LCD displays.
To contact the reporter on this story: Mariko Yasu in Tokyo at myasu@bloomberg.net.
Last Updated: July 8, 2009 21:14 EDT
Bloomberg
Goldman Sachs(GS) Loses Grip on Its Doomsday Machine.
This brings us to the strange tale of Goldman Sachs Group Inc. and Sergey Aleynikov. It wasn’t just Goldman that faced imminent harm if Aleynikov were to be released, Assistant U.S. Attorney Joseph Facciponti told a federal magistrate judge at his July 4 bail hearing in New York. The 34-year-old prosecutor also dropped this bombshell: “The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.” All this leaves us to wonder: Did Goldman really tell the government its high-speed, high-volume, algorithmic-trading program can be used to manipulate markets in unfair ways, as Facciponti said? And shouldn’t Goldman’s bosses be worried this revelation may cause lots of people to start hypothesizing aloud about whether Goldman itself might misuse this program? It would be nice to see someone at Goldman go on the record to explain what’s stopping the world’s most powerful investment bank from using its trading program in unfair ways.
I am hypothesizing aloud that GS might misuse this program. Do you remember the good old days when the Investment bank side, and research side weere said never to speak to one another within the same company due to conflicts of interest? They called it the silk wall. Such crap they feed the public.