You stupid bastards have it all wrong— always have, always will. We have a 3-5% correction coming and there is nothing you or your stupid friends can do about it. I warned you yesterday to raise cash; but you chose to margin out your accounts like a crackhead on ritalin. While it’s true, I am bullish on stocks due to the resurgence of “global growth.”It’s also true that we are due for a dip, in order to wash out the excesses aka “fuck the retail investor with a large cactus.”
Relax. The market will not swan dive; it will only dive a little. Do yourself a favor and raise some cash, then go eat a large sandwich with lots of olive oil on it. And, while you’re at it, put some sun dried tomatoes on it.
With my money, I’m into buying stuff cheap. I’ll make it a point to buy more Corinthian Colleges, Inc. [[COCO]] , SandRidge Energy Inc. [[SD]] , Cummins Inc. [[CMI]] and Green Mountain Coffee Roasters Inc. [[GMCR]] , whenever the fuck I feel like it, or when the shadows near my favorite urinal tell me to buy with both hands.
In short, enjoy the brick umbrella, without the luxury of a helmet. Markets were not designed to let stupid fuckers like you get rich. It’s time for you to give some coin back, as a sacrifice to the stock Gods.
NOTE: You might want to avoid going short too, as the market has a tendency to rape bearshitters with great ferocity and frequency.
If you enjoy the content at iBankCoin, please follow us on Twitter
Yeah!
just like your bRother … hahaha
ASSHOLE DIP BUYERS LIVE
HAVE A HAPPY MLK DAY ….MY BROTHER
We are down less than 1%, is that all the bears Have?
>>I am bullish on stocks due to the resurgence of “global growth.”<<
Which “globe” would that be? Surely not the one that contains Germany, the UK or the US (which barely grew Q3 GDP over 2% despite almost a trillion dollars worth of various government handouts and subsidies– or haven’t you looked at the rail freight data or employment stats lately?). (And yes, I see the inventory build… what you won’t see is the sell-through.) So, unless you’re buying into that bubble (it’s a “bubble” for the near-term– in the long run they’ll do fine) in China, you must instead be using your Space Magic Rocket Ship to invest on a “globe” other than Earth.
It’s a matter of what the projections for global growth were/are and what is priced in to equities. Remember that GG was estimated to be +1.9% in 2010 – this has now changed to 3%+. In addition, China is fighting to slow their growth from a projected rip-yur-face-off 16% to tickle-yur-tummy 9%. The 9% was what as originally projected for 2010. Summary: It’s all a matter of what is factored into prices vs. what the new numbers are, rather than whether or not a number is good or bad.
I can tell you that even if the 3% is correct, I doubt you’ll see S&P earnings hit anywhere near the $75 “bottoms up” consensus. That’s why the “top down” number is very low $60s.
Isn’t it really a matter of playing the illusion short term thereby taking advantage of the momentum in stocks? The China bubble? The real bubble is THE STOCK MARKET – funny, we are looking all around for “the bubble” and it is right under our nose. That discussion aside, Q4 GDP will come in hot as will Q1 thereby convincing sidelined money that now is the time to slosh into the market – based on the illusion that we are out of the woods. I hate to be someone that argues that “this time it will be different” because I did that in the late 90’s; however, the reason that the market has not corrected for the past 6 months isn’t so much because a sht load of new money on the sidelines continues to come in, it is because people just ain’t selling as is typically the case. Many a “smart” fund managers are just holding and holding and holding. So, a typical scenario of a market sell off when under performing bottoms up or top down numbers is not going to happen this time because….aheem….this time it’s different – at least short term. The longer term time to sell is once real sideline money starts to pour in to the markets when Q4 and Q1 GDP estimates start hitting and when banks lossen up and start lending again. You will then see inflation take off like a bat-outta-hell and THEN real talk from the Fed about removing liquidity. It’s an election year – do not under estimate the government’s ability to get banks to loosen during an election year.
The “sideline money’ that may be out there ain’t coming back in. (and whether or not it’s really out there is debatable, due to how many people are upside down in their houses.) This generation of investors has been burned too many times now to buy the perma-bullishness that comes from the asset managers on Wall Street, and instead is looking around for itself and seeing how sluggish things are in “the real world.” But even if you don’t believe that, the latest sentiment data is ALREADY overwhelmingly bullish; the latest poll of AAII investors shows that they’ve raised their equity allocations back up to what they were at the peak of 2007! So, if you’re sitting there waiting for “the dumb money” to buy your stock at higher prices, well you know the old story about the guy at the poker game looking around for “the sucker”, right?
On the other hand (and I honestly don’t mean this facetiously), if you have a strong fundamental case for why 2010 and 2011 will be great economically, then go ahead and buy stocks, but that’s the only reason I’d do it, unless you own some things that you think can grow despite the macroeconomic headwinds (and I have one or two of those myself).
Mark
Since you’ve been pestering me with emails, you’ve never made an accurate call. As a result, you are NOT qualified to offer financial advice, regardless of said claims.
Thanks
I have the statements to back up what I’ve told you. Nevertheless, all I’ve done here (above) is to state some fundamental macroeconomic data. I suppose if you can’t refute the data (and you can’t), you can always fall back on impugning my stock-picking credibility. Okay, as of this exact moment, here’s how I’m currently positioned (using a bit of leverage):
83% SDS (scaled in since just under 1100, and maxed out at last Friday’s close at 1145)
34% DUSA (with a basis in the $1.40s)
5% YCS (short the yen, with a basis in the $20.70s)
shut up, at once
lol… You are friggin’ funny… I’ve never denied that!
Nevermind……
i was talking to Mark. you can ramble on and on. Have at it.
If the umberella is made of bricks why would one need a helmet—perhaps just a very strong arm?
Thank you for sharing your thoughts on the markets and chicken sandwiches do taste better with a bit of olive oil and sun dried tomatoes.
Is there an early eighties limo club in NYC?
Watching someone try to evade you in a wheelchair must have a huge element of twisted humour to it.
IT spending as a % of GDP is at a historical low on its regression. That will change for the better in the coming year. Also, the US may have cut back too much on employees according to some data. The US dropped the hammer the hardest on the working class, globally speaking.
Sorry I critisized your writing the other day. I’m usually not just down right unkind.
Don’t forget today is OPEX day…. Therefore, all of your favorite symbols are being played like a fiddle by the likes of Goldman Sachs. This day will end, and no one will think any different of the market. I am refilling my tank with SD in 25% chunks. The bottom for the day is in for SD, and we will hover around $9.80 like a boring soap opera. Not that I mind, since I already have 50% of my position back after selling 100% over 5% higher than we are now….
Sliced turkey breast, fontina cheese, artichoke hearts, and sun-dried tomatoes. Toasted.
Win.
Or “ghey” depending on your locale.
__________
Very
FUCK YOU, FONTINA!!!!
I was thinking about your avatar the other day when I saw a trailer for Mel’s new movie. I think he had that exact expression on his face the entire trailer.
Could it be he’s become a 100% parody of himself?
__________
I think it may be true. So sad to think this was the guy who could rescue us from the Toecutter just by talking to him…
NOW GIVE ME BACK MY SON!!
Today, I may in fact go and have multiple pastrami sandwiches, with spicy mustard. I then may fly to Arizona and have someone hoist me in a crane above a 30 ft Soccoro cactus, and gingerly lower me down upon it, spread-eagled. Or I could just sell some puts.
A brick umbrella is perfectly fine, if you are strong enough to hold it.
Mr. Limm told me that, only he said “blick umblerra” so I didn’t catch it all at first.
____________
(pssst! Silver underpants, aisle three!)
____
China’s going to run higher, soon.
Just brought some Sprint Nextell [sic] is this a great Country or what!
Jake, I brought one of your lotto’s EXK….I can’t ever remember the symbol …is that a bad sign?
LMAO….Check the newsbot…..L.Dykstra not living at “The Gretzky House” anymore……Fly do you own a Jet or just a space ship?
Nah, EXK has a “glamour” placed upon it by voodoo priestesses to keep Pat Robertson from investing in it.
Do not be alarmed.
_______
Strangers On My Flight
http://www.animatronics.org/strangers/strangers.htm
Pretty awesome Frank imitation. Almost perfect…. (but you can tell in the timbre).
___
New gold mines are good. Get some tgb
Olive oil? What kind? Virgin? I’m making a comeback despite the Fly refusing to give me credit on an iBC sub.
Readjusted my portfolio. Sold two names I’ve held for a very long time (sniff, sniff). Gonna miss them.
Look at the time of FLys post – 11:30AM.
You posted this shit AFTER the market had already fallen to days lows. What a fucknut you are. I’m sure you scrambled to sell off all your longs AFTER you realized the market was down – by then it was too late. So don’t go telling the peons on this website what to do when you didn’t sell out before futures started to get weak BEFORE morning session.
So full of it.
DumbFuck,
He told everyone he was starting to raise cash Jan. 14 at 10:56 am and was consistent with that theme in each of his following post. Go back through each earlier post and you’ll see.
Also, his last post was at 11:03 although that’s really of no consequence.