The “celebration” is really the off-putting part of their whole schtick over there.
I mean, I’m quite short this market, too (via a multitude of puts) and will be happy to book any/all profit on those, but it’s purely for a trade. I do not wish for the destruction of economies to validate any macro view on the worldwide markets.
It’s one thing to play the shorts (when your system/opinion/etc calls for them), it’s another thing to actively & constantly wish for market-wide doom & destruction.
Agreud.
However, from what I have read, TK is calling for a slow and steady grind lower – somewhat his words – in the months to come. Perhaps it is other SOHers who are more emphatically negative about the future. They may be the same traders hurt the most from the market’s unrelenting upside.
I agree with this philosophy 100%. I will make money shorting if that’s the direction of the maket but I don’t actually wish for it to go down. If it does, it does.
Do you think that people are seriously going to commit to the idea of exchanging a large portion of their wealth into gold or other currencies at these levels, en masse? (I’ll give you a hint: FUCK NO)
I call that getting your nuts pushed in, but not a crash. 5% or more = crash to me. When the Dow fell 679 points, or 7.75% on December 1st last year, it felt like a crash. 3.5% doesn’t even get you in the top 20 percentage drops in history.
It appears Fly that your literary license to use colorful language will remain locked away for an excessivly long period of time.
I was expecting a market pullback between Friday-Monday into mid Dec. Dubai only provides the catalys/exccuse for what was to happen anway.
You are causing a lot of suffering to innocent victims who day after day have not been able to hear you in full literary flower.
Since 10,500 looks to be deferred for an indefinite period of time, I propose this:
You are familiar with the “gimmie put” in gulf. So close to the cup that other players say it’s a gimmie and you don’t even put it out.
The market was so close to 10,500, that I think I/We would be fully justified in calling it a gimmie.
If it was just you, that would be one thing but you are depriving humanity of your God* given talents.
Do I hear a second?
Significant bond holders include QVT Financial LP, a New York-based hedge fund which manages about $8 billion in total assets, according to people familiar with the matter.
Other recent holders of Nakheel bonds include money managers BlackRock Inc., of New York, and London’s Ashmore Group PLC, according to holdings disclosed on Bloomberg. BlackRock and Ashmore declined to comment.
are fund managers itching to lock in 09 gains…? Last one out is a rotten egg…..
Here is a repeat video from way back for those who can’t live without Fly’s cuss word or two.
It also show great leadership .
Just don’t let Obama see this the guy or he will be disciplined.
That is what guys, who do not know what they are doing, do. It’s embarrassing to watch. It’s the type of guy who thinks he is tough, knows it all, and everyone ows him. Like the swear words translate properly. No wonder there are issues.
It seems like a lot of countries are worse off than we are such as U.K.,Dubai etc… That being the case, is the Dollar the safest currency to be in? If currencies are being abandoned for precious metals and oil, isn’t that only temporary, as there is no real demand for either from a raw material/production standpoint?
Is there any kind of ‘out of the box’ action the fed/government could take?
who says currencies are being abandoned??? try taking a barrel of oil to the supermarket and buy a few things with it…wonder if the change comes in quarts
Physical delivery is one thing I thought about. How far would you get trying to sell/barter gold to your neighbor/business? For that matter, how much do you have to pay the middleman to get cash back for the Krugerand when you want to sell it? What’s to say gold stocks/etfs don’t go bust even though the metal itself is valuable? Do these guys have reserves backing the stock or is it simply paper?
Better yet arch, try taking a silver oz to your saavy locally owned grocer and see if you can get around 20 bux worth of groceries for it. I’d lay some multiples on bets on that one… And PM’s don’t leave that nasty stain on the front of your pants hydrocarbons (or other unpocketable stores of value of a similair consistency) do.
Note: Don’t try this at the “Food Flood” at the “Power Centre”, chances are the clerk there is a domeless wonderboy who wouldn’t know “specie” from the hocus pocus of a paper promise.
argument ??? no..stating a fact..but you can sell your 1 oz silver dollars for a little more than spot price then buy something..as for selling precious metals there will always be a market and after market..when the united states govt. starts to by gold and silver so will i untill then i will just aquire what is needed to fill out my silver dollar collection..
i couldnt care less about the price of gold and silver,or where it goes as it will have little impact on the coins i need..
arch, I am truly sorry for you and yours that all this is so confusing, but I am afraid I can’t make it any simpler. Perhaps someone else has the time to explain it all to you, but not me.
your entering into “legal tender ” territory..a silver dollar is only worth 1 dollar legal tender..a 20 dollar gold piece is only worth 20 dollars legal tender..and ithink the melting down of U.S.legal tender coins is illegal..now bars and such are different..i think
“your entering into “legal tender ” territory..a silver dollar is only worth 1 dollar legal tender..a 20 dollar gold piece is only worth 20 dollars legal tender..and ithink the melting down of U.S.legal tender coins is illegal..now bars and such are different..i think”
-scoff-
arch, the argument isn’t whether or not such actions are legal; for that matter I doubt your ‘barrel of oil’ exchange is acceptable either (making it doubly idiotic). The question is whether or not it is plausible that 1 oz of silver, in any discernible form, will get you about 2O USD (FIAT) worth of groceries from a saavy store owner. I say ‘probably’, good luck with your ‘Ton of Cardboard’ analogies.
now i see the problem..im not saying start hauling around oil ..was just making a joke …but a 1 oz american silver eagle right now will bring about 20 bucks ..now if you bought 500 of them in 1987 for around 6.50-7.00 each and are holding them well…good for me..would i buy 500 today??? no
a correction …it will come ..just a guess here >>>june 2010..the spike you see in 87 was from a demand for american silver eagles along with can. maples then the demand droped ..hence the correction..govt started minting them in 86
It wouldn’t surprise me if Dubai is taking one on the chin for the USD. Or is this just old news, regurgitated for all you baby birds born yesterday?
eg.
“Economic Farce: Dubai Feeling Hurt Too
22 Feb 2009 … The cost to protect Dubai debt against default jumped to 976 basis points, the highest this year, on Feb. 17, according to traders of …”
From economicfarce.com (archives)
I wouldn’t bet against it either. However, I wouldn’t waste the opportunity to grab some more at a marginally cheaper price. And I can, becasue I am in Canada. OUR mint is still producing Maple Leafs (despite the gold that went missing, then didn’t, but no one is allowed to talk about what happened to it). Go try and pick up those Eagles, EhMurika.
Speaking of timing, how is that for some Gold-Leaf hair-splitting on the stopwatch? Even if POG DOES actually drop substantially (anything is possible, no?), mainstreet wouldn’t even be able to pick it up on the dip! Not Eagles anyway. Heh, reeks to high heaven, that. You might be on to something here No One.
Somebody post some occupancy stats of these new hotel/condos then I’ll give my assessment of Dubai. Does a new Chuck E. Cheese mean all pedophiles are poor?
“A computer crash at the London Stock Exchange, which by coincidence is 21 per cent owned by the Dubai Government, left dealers unable to trade for three and a half hours”
This market was in dire need of a massive dose of deep colonic hydrotherapy anyway…
Thank you, Dubai!
The Turkey Gods do indeed move in mysterious ways! Navigate through this double dip and prepare for the next fundamentally sound up leg! The trip down will be brutal but thankfully short-lived.
fig
Oil getting crushed too.
Double whammy.
Black Friday, Indeud.
Thank the Turkey Gods for taking their vengeance on on all those who do not properly honor Thanksgiving.
Canadians breathing a sigh of relief, ovah heah.
_______
Turkey Day Massacre indeud!
Friday should be fun!
Let’s add this to the soup.
http://money.cnn.com/POLLSERVER/results/49270.html
Happy jive turkey day everybody!
It’s actually really quiet on the TSX.
Typical gap down and then sideways.
I agree that Friday should be more interesting but in reality Dubai is a small thing.
That doesn’t stop TIM and his fools from celebrating though…
The “celebration” is really the off-putting part of their whole schtick over there.
I mean, I’m quite short this market, too (via a multitude of puts) and will be happy to book any/all profit on those, but it’s purely for a trade. I do not wish for the destruction of economies to validate any macro view on the worldwide markets.
It’s one thing to play the shorts (when your system/opinion/etc calls for them), it’s another thing to actively & constantly wish for market-wide doom & destruction.
Agreud.
However, from what I have read, TK is calling for a slow and steady grind lower – somewhat his words – in the months to come. Perhaps it is other SOHers who are more emphatically negative about the future. They may be the same traders hurt the most from the market’s unrelenting upside.
You may be right.
Whenever I do visit said site, I only skim comments. I do not read for comprehension.
I agree with this philosophy 100%. I will make money shorting if that’s the direction of the maket but I don’t actually wish for it to go down. If it does, it does.
Yes, because I am sure those fuckers saw Dubai in the charts. What a bunch of retards, with all due respect to retards.
Here’s how I see it.
I don’t give a crap about the bull or bear side.
I just want to be on the “right” side.
Amen Brother!
World markets crashing.
Wow. Who knew?
Perhaps we will finally start to see a REAL flight into gold next week?
Happy Thanksgiving!
Incorrreuct (sic).
__
You lost me at “world markets crashing.”
3.5% isn’t crashing cleatus, but it does mean Fly isn’t going to be swearing anytime soon – as Jake mentioned in his post.
Maybe we wil see a REAL flight into treasuries, once again pushing the dollar up, and gold down.
(great hedge in October ’08?)
http://tinyurl.com/ybjzsye
Do you think that people are seriously going to commit to the idea of exchanging a large portion of their wealth into gold or other currencies at these levels, en masse? (I’ll give you a hint: FUCK NO)
Na I think when the EU losses 3.5% of its market net worth, that’s a crash of sorts.
I call that getting your nuts pushed in, but not a crash. 5% or more = crash to me. When the Dow fell 679 points, or 7.75% on December 1st last year, it felt like a crash. 3.5% doesn’t even get you in the top 20 percentage drops in history.
http://online.wsj.com/mdc/public/page/2_3047-djia_alltime.html
It appears Fly that your literary license to use colorful language will remain locked away for an excessivly long period of time.
I was expecting a market pullback between Friday-Monday into mid Dec. Dubai only provides the catalys/exccuse for what was to happen anway.
You are causing a lot of suffering to innocent victims who day after day have not been able to hear you in full literary flower.
Since 10,500 looks to be deferred for an indefinite period of time, I propose this:
You are familiar with the “gimmie put” in gulf. So close to the cup that other players say it’s a gimmie and you don’t even put it out.
The market was so close to 10,500, that I think I/We would be fully justified in calling it a gimmie.
If it was just you, that would be one thing but you are depriving humanity of your God* given talents.
Do I hear a second?
Mike
* if there was a God which… there isn’t.
The Fly is God.
second.
Dubi ….. good bye!
http://online.wsj.com/article/SB125926385003265397.html
Significant bond holders include QVT Financial LP, a New York-based hedge fund which manages about $8 billion in total assets, according to people familiar with the matter.
Other recent holders of Nakheel bonds include money managers BlackRock Inc., of New York, and London’s Ashmore Group PLC, according to holdings disclosed on Bloomberg. BlackRock and Ashmore declined to comment.
are fund managers itching to lock in 09 gains…? Last one out is a rotten egg…..
QVT is also invested in several of George Economou’s shippers, I think.
Allah Akbar
Devildog should be on the blog tomarrow
Here is a repeat video from way back for those who can’t live without Fly’s cuss word or two.
It also show great leadership .
Just don’t let Obama see this the guy or he will be disciplined.
http://www.liveleak.com/view?i=0a3_1233765334&p=1
The guy is a better motivational speaker than Bush and Obama combined.
That is what guys, who do not know what they are doing, do. It’s embarrassing to watch. It’s the type of guy who thinks he is tough, knows it all, and everyone ows him. Like the swear words translate properly. No wonder there are issues.
Dubai I Love You!
The jew controlled federal reserve has destroyed the usa.
Stay classy, San Diego.
Beware the Jew Claw!!!
Dubai eye-candy: http://ibankcoin.com/chart_addict/2009/11/26/dubai-the-city-on-crack/
Hey look, Devildog posts as vipervenom on marketwatch.
http://tinyurl.com/y93mjhl
Even better, his pick accuracy is around 8%.
http://community.marketwatch.com/VIPERVENOM
don’t forget to tell all to buy the dip.
It seems like a lot of countries are worse off than we are such as U.K.,Dubai etc… That being the case, is the Dollar the safest currency to be in? If currencies are being abandoned for precious metals and oil, isn’t that only temporary, as there is no real demand for either from a raw material/production standpoint?
Is there any kind of ‘out of the box’ action the fed/government could take?
they could sell Alaska
who says currencies are being abandoned??? try taking a barrel of oil to the supermarket and buy a few things with it…wonder if the change comes in quarts
Physical delivery is one thing I thought about. How far would you get trying to sell/barter gold to your neighbor/business? For that matter, how much do you have to pay the middleman to get cash back for the Krugerand when you want to sell it? What’s to say gold stocks/etfs don’t go bust even though the metal itself is valuable? Do these guys have reserves backing the stock or is it simply paper?
Better yet arch, try taking a silver oz to your saavy locally owned grocer and see if you can get around 20 bux worth of groceries for it. I’d lay some multiples on bets on that one… And PM’s don’t leave that nasty stain on the front of your pants hydrocarbons (or other unpocketable stores of value of a similair consistency) do.
Note: Don’t try this at the “Food Flood” at the “Power Centre”, chances are the clerk there is a domeless wonderboy who wouldn’t know “specie” from the hocus pocus of a paper promise.
arch: yours is the stupidest argument going.
argument ??? no..stating a fact..but you can sell your 1 oz silver dollars for a little more than spot price then buy something..as for selling precious metals there will always be a market and after market..when the united states govt. starts to by gold and silver so will i untill then i will just aquire what is needed to fill out my silver dollar collection..
i couldnt care less about the price of gold and silver,or where it goes as it will have little impact on the coins i need..
and you make no sense
arch, I am truly sorry for you and yours that all this is so confusing, but I am afraid I can’t make it any simpler. Perhaps someone else has the time to explain it all to you, but not me.
your entering into “legal tender ” territory..a silver dollar is only worth 1 dollar legal tender..a 20 dollar gold piece is only worth 20 dollars legal tender..and ithink the melting down of U.S.legal tender coins is illegal..now bars and such are different..i think
“your entering into “legal tender ” territory..a silver dollar is only worth 1 dollar legal tender..a 20 dollar gold piece is only worth 20 dollars legal tender..and ithink the melting down of U.S.legal tender coins is illegal..now bars and such are different..i think”
-scoff-
arch, the argument isn’t whether or not such actions are legal; for that matter I doubt your ‘barrel of oil’ exchange is acceptable either (making it doubly idiotic). The question is whether or not it is plausible that 1 oz of silver, in any discernible form, will get you about 2O USD (FIAT) worth of groceries from a saavy store owner. I say ‘probably’, good luck with your ‘Ton of Cardboard’ analogies.
now i see the problem..im not saying start hauling around oil ..was just making a joke …but a 1 oz american silver eagle right now will bring about 20 bucks ..now if you bought 500 of them in 1987 for around 6.50-7.00 each and are holding them well…good for me..would i buy 500 today??? no
No? More the fool you, I’d say. You’d think you’d have learned by more than doubling your investment in 1987, no? Indeed, in spite of the fact that silver suffered a correction after your purchase in 87
Any questions?
a correction …it will come ..just a guess here >>>june 2010..the spike you see in 87 was from a demand for american silver eagles along with can. maples then the demand droped ..hence the correction..govt started minting them in 86
arch, you are so right. Supply and Demand dictate price, and availability. Although, in the US’s case, it may be availability that is the problem.
It wouldn’t surprise me if Dubai is taking one on the chin for the USD. Or is this just old news, regurgitated for all you baby birds born yesterday?
eg.
“Economic Farce: Dubai Feeling Hurt Too
22 Feb 2009 … The cost to protect Dubai debt against default jumped to 976 basis points, the highest this year, on Feb. 17, according to traders of …”
From economicfarce.com (archives)
Whoa. Futes just buckled.
FWIW: so far the UK gold miners seem to be holding ok, some of the better ones are gaining.
If we open like this tomorrow I can’t even imagine the stops that will be triggered. It will catch too many people off guard during these holidays.
If orchestrated, I believe that would be the idea, no? This Dubai thing is really Old News, after all…
The whole stock market is orchestrated. Ever notice how perfect everything is timed?
Should be fun trying to sell tomorrow! Ouch.
Oil to $40, Gold to $2000.
I wouldn’t bet on gold if I were you.
I’m not (anymore).
I wouldn’t bet against it either. However, I wouldn’t waste the opportunity to grab some more at a marginally cheaper price. And I can, becasue I am in Canada. OUR mint is still producing Maple Leafs (despite the gold that went missing, then didn’t, but no one is allowed to talk about what happened to it). Go try and pick up those Eagles, EhMurika.
Speaking of timing, how is that for some Gold-Leaf hair-splitting on the stopwatch? Even if POG DOES actually drop substantially (anything is possible, no?), mainstreet wouldn’t even be able to pick it up on the dip! Not Eagles anyway. Heh, reeks to high heaven, that. You might be on to something here No One.
Somebody post some occupancy stats of these new hotel/condos then I’ll give my assessment of Dubai. Does a new Chuck E. Cheese mean all pedophiles are poor?
I loved this little tidbit:
“A computer crash at the London Stock Exchange, which by coincidence is 21 per cent owned by the Dubai Government, left dealers unable to trade for three and a half hours”
(article: http://business.timesonline.co.uk/tol/business/markets/the_gulf/article6934261.ece)
Me thinks this is the first in a series of downside dominoes coming down the pike.
FUCK YOU!!!! YOU’RE DEAD!!!!!!!!!!!!!!!!
David T.
Happy Thanksgiving!
http://www.youtube.com/watch?v=hbW41Ewcm4o
!! Nice. Fits perfectly.
This market was in dire need of a massive dose of deep colonic hydrotherapy anyway…
Thank you, Dubai!
The Turkey Gods do indeed move in mysterious ways! Navigate through this double dip and prepare for the next fundamentally sound up leg! The trip down will be brutal but thankfully short-lived.