Land of the 72 Dicks, Dubai
Fuck my 10,500 promise. We went to 10,496. That’s close enough. It’s my blog and I can do whatever the fuck I want, can’t I? If I want to “go rogue,” by ignoring some asshole egotistical promise, I can do it. There is nothing you can do about it, so fuck off mustached man.
The truth of the matter is, this whole Dubai going broke story is really inconveniencing me. As an American, I am entitled to eat turkey, on Thanksgiving, without having to worry about losing millions of dollars the next day. At a very minimum, I should not have to deal with the supposedly richest cocksuckers on the planet, who build islands for fun— in the fucking ocean— from scratch, all of a sudden running out of money, on Thanksgiving. At a fucking minimum.
These are the same people who throw gold bricks into smelters, just for shit and giggles, in between human sweet bread snacks. Now, they want me to believe, all of a sudden, OOOPS no more money? Fuck off and cop a walk, you little evil pricks. You stole Thanksgiving, cocksucker!!!
You know, all world governments should be overthrown for fucking with turkey day. As a small pebble in a very large ocean, I would like to enjoy a slither of turkey, without having to worry about men in Egyptian cotton turbans and bug-eyed style Gucci sunglasses fucking the world markets over. I’m not going to make any market projections yet; it’s just too late for that sort of thing. However, I will tell you, I have no patience for this sort of shit. You call it a buying opportunity. I call it a calamity.
At any rate, get ready for some “turban’d testicles” to your skull tomorrow, during a very nice and clean thinly traded “fuck you, you’re dead” half a day execution session.
[youtube:http://www.youtube.com/watch?v=0p215rO0B34&feature=related 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Awesome.
they must really hate us to wait til a holiday to attempt to steal our cookies from the cookie jar.
Thanksgiving is all about a bountiful harvest of capitalist cookies. I say it’s a lot of noise that will blow over very quickly – nice try guys but if that’s the best you can do, move along….
Word. The Fly is Back!!!
i dont hate the attitude
No one should have to deal with this sort of shit. I am fed up. I have lost it and have decided to go rogue.
do it and do it well …as an aside i would expect these fucks to sell off a gold supply …maybe..
and according to my chart , my pencil line shows dow 10501.00
Pailin Fly. First emotionally charged post in a long time. Glad you are back
Oh fuck yes.
Fuck them right in the mouth threveteen times. May all their camels contract syphillis. I hope their God damn man-made islands fucking sink into the ocean. I hope some loco Southern baptist hillbilly crashes a God damn 747 right into that fucking Burj Dubai during its grand opening. I hope the 1 million plus Indian “contract laborers” errrr slaves rise up in a bloody revolt. I hope the power of God’s own thunder turns the place into nothing more than the world’s largest kitty litter box. Fuck ’em and fuck ’em hard.
Pay your fucking bills you worthless, lazy, sacks of shit.
There I feel better now. At least until the market opens anyway.
yeah but last year those cocksuckers were bailing us out. I suppose we can bail them out now. One big game of hot potato. That’s all.
And I thought Dubai was too big to fail…
FIG!
Kind of hard to keep track of the Israel versus Arabia wars. All I know is that I’m paying for it.
Geez… quit the whining FGSake.
You were advocating increasing cash positions just the other day… if you’d followed your own advice instead of trying for a top, you’d be sitting pretty.
Have some more stuffing and gravy… and toss down a couple of prozacs, and get into some shorts/puts if it will better your mood in the AM.
You have to admit, the Turkey Gods smiled on Meredeth now, no?
Fuck off, you cocksucker. I have more than 25% cash. What do you expect me to have, 100%?
http://ibankcoin.com/flyblog/2009/11/25/still-cash-rich/
It’s your type that makes this country stupid.
Methinks the lady doth protest too…. WAY TOO much!
Chill out, man! And pick out some short candidates!
BTW, fuck you, AND the mangy horse you managed to ride in on!
I just made a mess, and I strangely want another
Obviously there is a market for it jay, sell your mess on ebay.
lol… how convenient to have this happen right at resistance on the spy? hey?
to think, if this cause the dow and spy to drop this much… what happens if America default?
hmm….
It has nothing to do with charts. You fuckers with your charts. Do you think those Dubai fuckers were like “oh shit Salaam, take a look at the SPY resistance, let’s default on $100 billion now.”
Supply hit the market last week.
Money moved into the inverses for month now.
Dubai was an excuse for this selloff.
Chart says it all. Time machine didn’t pick it up.
This selloff will continue until the pros come in or we go Amero.
yeah, of course they looked at resistance and before they decided to announce default on $100 billion, they shorted S&P futes & global markets so a 5% global drop would make them their $100 billion … you watch how the problem is magically solved over the weekend.
Then they will have covered and gone long.
Juicey’s got the right idea. Its not as if Dubai’s debt problems just showed up yesterday. ‘Orchestrated’ comes to mind… The USD gets a lift (however short-lived), POG gets pressured down with nobody on main street USA able to pick up any Eagles on the (short-lived) dip; in return, Dubai finds a way to make ends meet, natch!
Hocus Pocus!
http://www.youtube.com/watch?v=KRdaI3AXljw&feature=related
That’s how it will end for the U.S. One day you’ll wake up and see the news on CNBC. “SHOCK: U.S. Government declares default. President Obama urges calm, assures public the dollar will survive,orders all troops stationed abroad home.”
Nope, I’m going to singlehandedly save the US economy today with some good old fashioned black friday spending. Time to rally the family troops to march out to best buy and Walmart. Gotta get ready for christmas man.
Asia getting raped!!
Dubai just as idiot as USA
I agree Rubber !!!!
( But dont tell that to the fly !!!)
Classic. Welcome back Senor Rogue.
Fuck, motherfucker. Just releasing some pent up demand from the ‘no curse’ understanding. ROGUE! From gentlemen to scumbags.
Dr. Fly’s prognosis of ‘fuck you, you’re dead’ is why I avoid docters of any sort.
Fly:
I note pent up swearing frustration. LOl
—————-
Here’s where I come out. The towel heads will essentially cause mostly Euro trash banks to write down $10 billion of the $40 billion they’re owed.
Central banks will see this clusterfuck as another reason to keep liquidity in the system for longer than necessary. Once it blows over and other towel heads come in and anchor the shit sand pit with more equity there isn’t a problem…. as the liquidity period is seen to be lengthened stocks will go higher.
I bought Aussie, and Euro Aussie on the back of this right here as I think it will be a steal.
Priceless!!
Welcome Home.
Indeed!!
Looks like the Euros are coming to their senses. FTSE is down a whopping 0.1% and the DAX has crashed to the tune of -0.07%. The Frogs are actually in the green. OK, Europe had their sell off yesterday so they’re one day into this mess more than us. Asia took it up the shitter today (Japan, Korea, China); but the smaller Asian markets like Malaysia, Thailand, Vietnam were up today.
We’re going to have our sell off today, no doubt about it. Still, doesn’t look like this is going to be the end of the world that Slope of Hope was hoping for. They’ll make some coin today, but will probably be too busy covering their short positions throughout the day to truly enjoy it. Especially those with 200+ positions.
ES futures are down -26, but that’s a damn sight better than the -41 being printed a few hours ago. But the best sign this isn’t going to be too bad is today’s CNBC commentary. They got shit heads on there saying this will be like the Russian default. WTF are they thinking? One is a huge country that controls a great amount of the world’s natural resources (and a few thousand nukes as well). The other is a pipedream fabricated out of thin air with NOTHING of substance backing it up. Yep, the similarities are staggering.
The financial fuck-ups and rapes here at home have rendered Dubai’s little default quaint (you might say that Dubai has nothing over Dubya). Will it be a trigger to bigger defaults? More likely it will just extend the liquidity party and the consequent desire to own anything but money.
It is a fact, yet proven again, that towel heads are the dumbest of dumb money.
http://www.youtube.com/watch?v=fPJzhTi47LE&feature=related
Dubai- Need cash?
Call an autioneer and starting taking bids on your castles built on sand.
Added to my TSTC @ 12.65
Christmas came early. Deep discount day
There goes SOMX. lol
The all world knew this Dubai experiment was going to the shitter yet Mr. Market chose to ignore it. You can’t finance 100 billions of construction with short term debt and expect to roll it over every five years. And who the fuck wants to vacation in a 120 degrees weather, no gambling, and ugly hijab covered bitches…
They import quite a few Russian whores to Dubai. The eye candy is actually quite nice.
Voodoo’s right about the weather. I’m from Phoenix and did two military deployments to the arm pit of the world otherwise known as the Middle East. Plenty of port visits to the UAE. The weather there makes Phoenix in July seem like the Arctic. And as an obtw, it must have changed since I last visited (mid 90’s) ’cause the only talent (if you could call it that) was eurotrash vacationing there, most of it the crooked, yellow-toothed kind from Aingland.
fid
I’ve only been there a couple of times and both were within the last two years. I have no comparison to the mid 90’s, but things must have improved. The ugly ass Pome bitches are still there in droves but there is a nice mix of Eastern European “hostesses” to balance it out.
What really sucks is I had two stocks get within spitting distance of my sell point on Wednesday and I didn’t give in and lower my sell order price. Figured maybe get a little up pop on Friday with all the talk of morons in stores.
Oh well, easy come easier go.
Fly- anything worth buying today? Or do you think we’re going to have a repeat of today on Monday? Gold? Ag stocks? Anything?
I told this board to take half their long positions TODAY – early;
and the other half on Monday or Tuesday Dec 1 which should
mark the low point of the monthly cycle. I prefer Tuesday or Wed AM.
I personally think the Dow and SP are going down an additional 2% or 3%
from where they are now- a total drop of 4 to 5% from the Wednesday close.
I would avoid gold stocks here, as gold is still too high short-term.
ABAT looking … green
And so is DVAX of all things.
I bought 2k shares of RAX @ 17.66 and 1k shares of DRYS @ 6.10….
Asshole dip buyers today
Early shorts get the raping
Closed APWR and sold some puts on TSO, SGY here
after a run up to nearly 10,500, a little breather is always welcome.
This “bad news”, compared to some of the things we’ve heard over the last 6 months, is really a stupid reason to get your panties bunched up.
Finally, I want to know who sold in pre-market because I’ve got a left-over turkey drum stick to slap you with if I could control my laughter.
Bot:
100 Jan BGZ Jan 18 calls @ 2.20
2000 STM @ 8.16
300 GMCR @ 63.57
Already suffering from battered wife syndrome on the calls, but I don’t have any other short exposure.
Happy day after Thanksgiving you doofenshmertzes
Thanks Zoila – Same to you. BTW, I thought it was spelled doofenshmertza.
Not sure exactly.
Global Risk Aversion…
Is that the new description for fugg, my stocks are tanking?
Buy 3000 KNDI @ 4.91
What’s the scoop?
http://finance.yahoo.com/news/Food-banks-nationwide-report-apf-2178299002.html?x=0&sec=topStories&pos=3&asset=&ccode=
Its only getting worse.
People are saving money on food so they can go black friday shopping…
Cramer really starting to lose it ….
Jim, I apologize if I misunderstand or misstate your view about this is. I just can’t understand how a trading tax would accomplish any of the things that you want. We all want more jobs and to help the poor but I can’t figure out how taxing traders does anything to further that viewpoint. The tax seems totally indefensible to me and frankly it scares the hell out of me.
Position: None
Jim Cramer
Furious about the Rev’s view
11/27/2009 12:00 PM EST
I am furious about this.. It is NOT my view.. I said i didn’t want it. I said i could live with it as I live with the dividend tax, and i fought hard for that dividend tax cut. Rev you have NO RIGHT to say it is my view implying it is my tax and I adamant that you cease and desist. My comments have been misconstrued and misconstrued and you do it now on the site i created. I said I wanted the federal government to create jobs and accept taxes for that even as i want spending cuts,. How dare you do this. I have worked hard ALL My life to help people trade better and make money and i dont deserve this characterization. Apologize for the characterization …It is simply not fair .. i do not support this and i will not stand for it..
Position: none
Rev Shark
Tax on Trading
11/27/2009 11:52 AM EST
I can’t let comments defending a trading tax go unaddressed. I totally disagree with Jim Cramer’s view here and I am going to continue to be a very strong advocate for individual traders who will be destroyed if such a tax ever is enacted. It is very important than those of us with a forum have the guts to speak up.
No one seriously proposes that the government should supplement trading in any way. I’m sure the point of anyone who says such things is that short term speculation is a very valuable component of the efficient operation of any market.
The idea that there would be a net economic benefit and that the ‘poor’ would somehow benefit from a trading tax is completely without any support. I still have not seen anyone answer the question of how taking money from one economic sector and giving it to another with the wildly inefficient government as the middleman can be beneficial. See my post on Wednesday about the ‘Broken Window Fallacy’
Trying to paint traders as greedy SOBs who don’t want to help the poor fails to address the real economic issues here.
25 fuckin cents a trade? Destroyed? You gotta be shitting me. I make maybe
100 to 200 trades a week, so this would cost me $2000 a year.
Not even a pimple on an elephant’s ass. Now if I was some asshole ROBOT
trading 100 fuckin’ times a SECOND, the $ $1500 a minute would mean something.
But any asshole trading hundreds of times a second is not doing the
markets or America’s economy any good. Fuck the bastard.
Agreud (sic). Though I would offer that the tax should not apply to transactions inside of IRA’s.
fid
ROFL. Cramer pawned Rev.
I don’t like a tax of any kind, regardless.
From Rev Shark’s site
“As you can see the bill proposes a tax of 0.25% on all trades. One of the findings listed in the bill is that such a tax would have “a negligible impact on the average investor.” Clearly increasing the cost of a roundtrip trade of $10,000 by $50 is not negligible and will greatly impact trading and liquidity in the stock market. In their zeal to punish Wall Street for their wrongdoings lawmakers are overlooking the fact that many innocent, hard working individual investors will suffer tremendously from such a tax. Indeed, such a tax will be felt by any American who wants to save their money.”
This would be bad for everybody.
if you’re trading $50K+ as day trader, there is no way you could afford $250+ a day in extra trading taxes.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aANN.DJq5h1E&pos=12
The rate for companies ranked below investment-grade reached the highest since the Great Depression in October and will peak at 12.5 percent next month, Moody’s Investors Service said Nov. 5.
Credit-default swaps are “not a perfect product,” said J. Paul Forrester, a Mayer Brown partner and co-head of its derivatives and structured products practice. “These are difficult questions, and unfortunately as we continue to use this product and explore it we’re going to find that it has these sorts of issues,” he said.
WELL NO SHIT!!!!!!!!!!!!!!!!!!!
The shell game continues
Moe:
You see markets dealing with and trying to standardize practices as bearish. WTF? Get a grip.
Yes, I don’t get it… I thought I would have my head handed to me this morning when I saw the futures. It’s so much better than I feared, I think next week might be pretty good.
I see Timmay will stop posting position sizes and percentage gains. I guess the late to the party bears got whacked this AM.
I wonder if this might be the end of the lower dollar higher stock trade. It would be nice if we got a slightly stronger dollar (not too much) and could get stock prices up.
I guess you didn’t read the whole story. the markets are not in control of standardizing practices. The banks rule the market. The only regulation happening is self regulation by these crooks. Of course they are opposed to more transparency. They are making billions trading these false instruments.
The swaps had been the world’s fastest-growing market, with contracts protecting against defaults on as much as $62 trillion at the end of 2007, almost 10 times the amount of the U.S. government’s debt outstanding.
Open your eyes j. Stop believing all the propaganda machine. Its a shell game
And was congress supposed to make it a priority to make this market more transparent. Didn’t the puppet Obama keep preaching transparency??? What a bunch of shit. Keep eating it.
For me, once the curtains are pulled, I WILL DANCE AS THE PALACES BURN!!
Motley Fool on FTK: http://www.fool.com/investing/general/2009/11/27/flotek-industries-inc-warming-up-or-cooling-off.aspx
MF has a large following and sometimes they get a lot of eyes looking at an out of favor stock.