Capital losses aside, I am having a “field day” with this market sell off. It’s one thing for the bears to get all riled up when the market is lifting off. It’s an entirely different animal when this fucker is tanking, 1929 style. I must admit, I lost millions today, yet I was smiling the whole day. Perhaps I have crossed over the “rubicon line of sanity” and have become a full fledged psychopath. Or, I really love me some Karl Denninger, doom and gloom, jargon.
Tonight has the feel of an election night or a war. I can feel the anticipation in the air, as it crushes those with “low-bar” breaking points. I look forward to viewing all of the very best and bearish youtube  commentary tonight, while feasting on a 5 star home cooked meal, courtesy of the venerable Mrs. Fly.
In celebration of the great return of the most horrific bear market since the ancient days of Rome, “The Fly” will keep this thread updated, throughout the night, with all of the very finest, negative commentary available on the web.
Keep the bearshit coming. What we “honest types” need is a little truth and freedom, up in this bitch, not higher stock prices. LOL!! I cannot get enough of it. I fucking love it.
UPDATE: Oh shit I have clients in Harrisburg! And, courtesy of ZH, US CDS panic mode, yet again.
UPDATE II: Aww shit. “We’re screwed- they’re screwed worse” Does it really matter anymore? Let’s have a burlap party, ya’ll.
UPDATE III: Gold is for asshats only.
UPDATE IV: “Do you remember those party hats?”
[youtube:http://www.youtube.com/watch?v=Cbf-HvjUvMU&feature=sub 616 500]UPDATE V: Fear of “Lehman Style Tsunami.”
UPDATE VI: Minnesota housing fraud EXPOSED. LOL.
[youtube:http://www.youtube.com/watch?v=01sddqnMMjw&feature=sub 616 500]UPDATE VII: Tim-dog aka “The Pit of the internet” says “It is my contention that the reality has changed”
UPDATE VIII: I meekly interrupt this bear shindig for a little bull intervention, ever so humbly of course. 10,000 apologies.
Fig
Denningers small, probably uncircumsized penis is all excited now. We should be real close to a bottom. Whaf kind of a jerkoff thinks the world is coming to and end and gets excited?
HA!
Whaf kind of a jerkoff thinks the world is coming to and end and gets excited?
Tim Knight does. His tiny penis also gets excited.
It’s easy to get excited when taking easy money from bulltards!
Keep buying the dips please, I fancy a few extra weeks in the Caribbean this year.
Have a nice day.
Donny
I love your post, even if it was intended as a complete and total joke. Keep it coming
180k??lol
That was hypothetical, dipshit.
Do we buy stocks to go up on 2-5-10? or for stocks to go down on 2-5-10? I think down, on 2-5-10, and on 2-8-10, and 2-9-10, 2-10,10,2-11,10,2-12-10, and 2-15-10,2-16-10,2-17-10 and on 2-18-10, wait! a theme! Looks like down stocks market every day from now on! Peace out!
If denninger does a vid, decked out in the famous blue blazer, i will go to sleep a happy man tonight and he will be $100 richer
No blue sky?
Nice
Type “corpsman” and “obama” in google.
Fly is cod.
Battered…
We’re always open ….
We are programmed to receive.
You can checkout any time you like,
But you can never leave!
Don’t be a cry baby… suck it up!
Andy Swan says next stop 1117. It is your job to figure out to which index I am referring!
dow 1117!
My index finger? My pinky looks like a seven.
andy swan is a horses ass
Awesome Mr. Fly.
For my part I purchased a lovely bottle of Crown Royal on my way home from the sweatshop in anticipation of just such an event! I will refresh here regularly between glasses and reading twitlessposts by @dougkass….ohh look the Mrs just showed up in a loverly burlap shawl.
A fool and his money are soon parted.
Le Fly, is this the start to complete worldwide financial Armageddon?
I wonder what Peter Schiff has to say:
http://www.youtube.com/watch?v=ca5vWHc3fj8
He’s got some interesting stuff to say.
Screw the ZH articles. The comments section is where it’s at:
http://www.zerohedge.com/article/bye-bye-dow-10000-hello-dow-9999#comment-217841
Just another -55% and I’ll buy this beotch market with both fists. 😛
Duly noted for bravery and good humor in the face of what was a very weak close in the general market today.
That said, I don’t really like the notion of holding equities in size over the weekend. Something about high volume sell offs and closing at the lows of the day doesn’t sit well with me. There are a LOT of scared traders out there tonight. And justifiably so, imo.
Enjoy your site. Thanks for all that you and your contributors put forth. Good stuff !
Shit happens.
Life goes on.
Humor is good.
That being said, Gary over at Smart Money Gold Blog appears to be the captain of the Titanic.
I like him alot. He just about nailed the top in oil to the dollar a few years back and he’s got thick skin and a sense of humor.
I feel technology will correct down 25% this year…eventually…after a few good rallies and maybe by August it will be a buy once again. Commerical real estate and semiconductors is another place that might have a very good correction. Getting into the right leveraged etfs at the right time will give us some amazing opportunities.
http://bit.ly/9vQeoK
Let’s go for 250%
“Rubicon” LMFAO ……this word will be in IBC dictionary 2010.
I’m looking for some more bargains to buy tomorrow. I may sell some of my weak losers to raise cash so I can leverage into bigger losers.
My strategy eggsactly!
Nice shades …. hope they help
dont forget this one, Fly
http://sadguysontradingfloors.tumblr.com/
If I were your wife, I’d be slapping your face with several slices of fine Sicilian pizza.
hers some interesting bps news:
http://www.businessinsider.com/the-15-countries-at-the-greatest-risk-of-default-2010-2#bulgarias-cds-spread-2416-bps-1
DOW 10k 3.0 coming up
To the FAZmobile Robin….awaaay!
The pain in spain falls mainly in the gains.
hahahahaha
Excuse me … The Fly is punch drunk with his past success.
LoL Motherfuckers have been caught wanting.
Let’s be clear here … this market is about to take a royal shit. Separate yourself from 09 … yes this is gonna be a 1929 type collapse. You dip buying fuckers have lost all sense with basic arithmetic. New lows are coming.
The entire fucking scheme of 2009 was nothing more than a bait and switch ploy by the fucked up government to get the general public of idiots to believe everything is okay (“it’s over thank God”). Look at the charts fuckers … tell me that shit wasn’t manipulation?? Tell me fuckers! You ain’t never seen anything like it, because it’s NEVER HAPPENED BEFORE.
Long live the Tea Baggers … hell yes. Torches and Pitchforks!
How can something that has “NEVER HAPPENED BEFORE” gonna “be a 1929 type collapse”?
STFU you moron.
I was talking about the direct accent of the markets since March being manipulated. Wake up ass-wipe!
Donny, the only teabag is on your chin!
We need one more day like this at worst, at best it’s over.
That’s why I put it in quotes. I am very impressed you picked up on it. Karl can be full of shit and is 63.789643% of the time. His Tort Reform donk, for instance… Maybe the all time classic… In any event, I will endeavor to cheer you up. You have four things in your favor, Fly… These are as constant as the required double flush now necessary to shit on 1.6 gpf toliet. I. Americans will buy anything and will continue to buy anything and everything as long as JP Morgan authorizes it (in other words, they will never save); II The Chinese will prop us up. Who else will buy their lead painted posionous dog food sculptures of Brad Pitt; III Glenn Beck will caught in a Castro District Bath House wearing a tye died girl scout uniform; and IV The Fly always wins! Don’t be a pussy!
I almost forgot, with the end of civilization we need to run and buy shares in SWHC…this stuff goes great with ginger ale too
Oh dear Bernie……. no need to buy to shares……. just buy the guns…… I LOVE S&W…….
Hedge funds may have decided that stocks commods and junk bonds are over, but what is next for the hedgies? The dollar is up is probably a symptom, not a cause here. What a combo of bad news at once – Moodys warns US debt may be downgraded – Euro sovereign debt probs result in dollar up vs. Euro – Barack mentions Chinese currency (going public with that is really dumb).
Im buying tomorrow
Where’s devil doggie?
You only had 180K, how did you lose millions?
To offset my losses in the market I am selling Dow 10,000 hats. These are being sold at a considerable discount as we need to clear out stock to make way for the 3.0 inventory.
http://cgi.ebay.com/Dow-Jones-10-000-2-0-Baseball-Cap-Yankees-World-Series_W0QQitemZ180423486433QQcmdZViewItemQQptZLH_DefaultDomain_0?hash=item2a0213ebe1
Dow 9,000 hats will be available via our IBankCoin distributor after the the Chinese newyear celebrations come to an end
don harrold is a fucking joke. that guy WAS saying to short all the way up and got his face ripped off. go back to wearing overalls jerkoff
That was satirical fuckface
Joe “Fly” Blow
You must be new here, No One.
Learn this:
The Fly is God.
Show some respect.
this is a good one:
http://www.youtube.com/watch?v=jJt77Kd_FiY
I was strolling down Wall Street today, pulling my hot dog cart in the wind mind you, when I overheard a visibly distraught trader wearing a gay suit say this:
“Eyes closed, we imagined our pain as a ball of white healing light floating around our feet and rising to our knees, our waist, our chest. Our chakras opening. The heart chakra. The head chakra. We ventured into caves where we met our power animal. Mine was a penguin.”
Oh how the gods smirked upon the masters of the obvious today…
The penguin in question has been found marching away from the trading floor…
It’s been a while since I consulted my iPod for market direction.
For those that don’t know, I was in a wicked bad car accident. The only possession that survived the crash was my black iPod, which was bent severely but continued to play. From that day forward, my iPod exhibited prophetic powers with regards to the direction of the stock market.
I consulted this oracle on your behalf of all with ears to hear. These are the songs my iPod selected in shuffle mode, an extended mix:
Rocket Man – Elton John
The Long Day is Over – Norah Jones
Happy Everywhere – The Pinker Tones
Ride – The Vines
Rocket in This Pocket – Suzanne Vega
Setback – Fluke
Knock ’em Out – Lily Allen
7 Days to Change Your Life – Catching Tales
Let the Good Times Roll – The Cars
Yeah! – Usher
We are going higher. The iPod has spoken.
It was in the accident that your pupils were knocked off? Asia is red now, but US futures are green – I think it is another head fake.
I appreciate your keen sense of irony, especially for a theropod.
It is said that if you know your enemies and know yourself, you will not be imperiled in a hundred battles; if you do not know your enemies but do know yourself, you will win one and lose one; if you do not know your enemies nor yourself, you will be imperiled in every single battle.
To know your Enemy, you must become your Enemy.
gee fuck… you lost me there…
Sun Tzu you stupid C U Next Tuesday
Half way through a bottle of Cielo Anejo, I must admit things look beutter (sic)!
after opening my fancy bankers watch i see its almost time to enter my favorite ,but i wont discuss this with the likes of you ,as you will enter premature and become useless to me …but rest easy i will not leave you behind
I have been following this site for some time now and am astounded by the ass clowns that try to pile on to Fly every opportunity they get. You are all quite fortunate that Fly has the patience of Job, and realizes that it comes with the territory when youre speed chopping carrots with your dick out (paraphrased).
Where the fuck else are you going to get the reams of reaserch from the different houses in one spot along side all of the work Fly and his team put into PPT?!?!?
One thing you haters dont realize is that Fly does what he does so well because he doesnt fight the tape. I think the haters could really benefit from re-read of Jesse Livemore.
Fly, you ready for some speed chopping? I put a line in near the close based on your hybrid score that there could be a bounce tomorrow, with a stop in place fi it continues to roll over. To you haters, lick my waxed nuts, the line wont kill me and I too am laughing, not beceause of my returns in the equity markets, but those ralized in the FX arena in the last year.
Karl is the aqua version of DevilDog. Have you seen his personal website? He puts on his lipstick and scuba suit on one leg at a time and is building an underwater utopia where jellyfish purchase McRock Castles with 50% LTV and sharks are not allowed to swim and eat in the same water. Grab the flashlights and tridents, we’re riding seahorses for JUSTICE!!!!
fucking comedy channel in here, doesn’t get any better!!!! love it!
Again with the Don Harrold shit
‘I predicted this would happen…blah blah’
He completely fucked the bottom call in 2008(which he won’t admit) and now he’s out saying he predicted this. Doug Kass called the bottom and about 15 tops in the last 6 months
Just like a bunch of asshats here. They come out of the woodwork claiming they knew the market would drop and calling the Fly a fool.
Same bullshit everytime the market falls….’I was right’ they claim but forget to mention they’ve been wrong for a year. It’s almost laughable if it wasn’t so pathetic and predictable.
No one can predict where the market is going so if you want any ounce of credibility, just shut the fuck up and admit it.
WE WANT DEVILDOG!!! (oh shit I think I banned him.)
HA! I miss that soothsayer.
PLEASE, I insist, I want a KARL DENNINGER video tonight. I will pay Karl $100 for a vid tonight, providing he is kind enough to mention iBankCoin. I will sponsor it.
Get word back to him. I need me some DENNINGER.
This is his best
http://www.youtube.com/watch?v=kDA9NbPAK8o
I wonder how Kudlow got in the middle part.
AHAHAHA! Bear shitters are sooo retarded!… This dip is the last chance to buy undervalued stocks before the coming boom. I bet anything the Fed will reinstate QE instead of ending it in March because Ben Bernanke will NEVER allow the stock market to go into a bear market again. I am backing up the truck for longs here because I know the Ben Bernanke has my back.
Do it, man! Go long! Ben has your back. Your right! He does! You are going to make so much money. God, your so smart! And after you lose your smart ass, come the collapse and armageddon, I am going to die your hair blonde and put your punk ass on the back of motorcycle like that skinny bitch boy in The Road Warrrior. Drive your ass around and use your head to catch boomerangs.
It’s not the real bottom until Vince Farrell calls it (atleast 4 or 5 times)
Fly, you are my hero.
Fly – are you holding Bradley Hamlargular’s Grayson Tighe in your new gravitar?
Maybe I am 🙂
Or, it may be a scalpel.
You killed Peter Rotesque and stole the Grayson, didn’t you!!!
No. Mr. Rotesque is committing many “rotesqueries” as we speak.
So Peter Rotesque is Jim Chanos?
Ok, fucktards… All of the job predicts are swirling about. Up 75K, down 100k… 50k would be good for nonfarm goat herders… blah. blah. blah. Below is a paste from CNBC. Who can tell me what is wrong with this commentary? Anybody? Anyone? No, none of you can… You too fucking stupid (Not you Donny).
Steven Wieting, an economist with Citigroup, said the jobs number could be impacted by extra volatility because of the time of year. “The thing to keep in mind is that in a typical January, unadjusted employment in the United States tends to fall 2.5 million…Just in the real world, folks who were involved in things like wrapping the Christmas presents in their local retail store, they aren’t there do that work come January,” he said.
The answer?
Steve, like you stupid asses, thinks “wrapping…Christmas presents in their local retail store…” is a real job. No Steve. No IBC ass monkeys. Wrapping Xmas presents is not a real job. We need real jobs in this country. As long as you continue to believe we can run a nation with GDP based on 71% consumer spending, we will never recover. We need to bring the mid class back from the ashes. And yep, your fucking house keeper and lawn/pool people have to go home too (back to whatever central-south American country they came from) ! The short? We need to manufacture high quality goods the world wants. Not Pontiac Aztecs! No more stupid shit. We need quality goods flowing out of this bitch like booze in the parking lot after an AA meeting attended by the Kennedys.
Tomorrow the market is going through the roof. Monday same.
Here is a video of a Private Equity (I think) guy being interviewed on Aussie TV and if you look at the trader’s screen over his right shoulder in the background you can see he is looking at nude pictures between his charts.
http://www.youtube.com/watch?v=v1m8a4Jl4ZI&feature=player_embedded
I wonder if this is our Aussie friend J.
I’ll do my part to Save David Kiely. He seems like a nice enough bloke, the pics weren’t hardcore, he’s suffered enough, and there’s just too much political correctness in this world anyway.
Pretty funny.
The news must have circulated pretty fast.
She looks like a smasher (I hope I used the right word).
naaaaa TA Don’t him. But it’s been big news here and the poor fucker is probably going to get the boot. What a way to go, hey?
THE GOVERNMENT IS BUYING THE MARKET (well, duh!)
http://www.youtube.com/watch?v=hY3sUd16_iE
ah fuck, i guess the gubmunt is takin prophits.
“gubmunt” – classic.
Interesting comment about volume being light on the continued push up. Matter of fact, volume on the DOW during this sell off has been below average for the last 3 weeks. Volume on SP has been relatively light for the same period. You would think that we had late ’08 type distribution volume for all of the crying that is going on. Get a grip people – remember ’04. If you think the world is coming to an end, go fondle some gold bars…..oh, wait…..
That’s your comment, Al? Volume. Your entire analysis hinges on volume. Distilled down, its volume? The world is crashing and your thesis draws a comparison to a “light” mentrual cycle? You give us another buzz word… a platititude! You are kidding, right? What happened to: “There is so much money on the side lines. Once it comes in… we are going up, up and away”; or one of my all time favorites: “When velocity takes hold after the q ease cash infusion, we going to be making money hand over fist”. Or, here’s another: “We saved or created 2.5 million jobs”. And let’s not forget: “GDP up 5.7%”. Just more bull shit…. Volume. Cute. Al, go ahead and get fitted for your blue vest at Wal Mart now while they still may hire you without blowing the CM manager behind the dumpster. Volume. Phew…
Honey,
Relax – It was just a comment, not an analysis. Everything is gonna be alright. Grab your teddy, stroke a few gold bars (or fake gold bars in your case) and get under the covers. Welcome to tradding pal.
I think I may have overfondled today. My bars are taking on the aspect of a particularly comely leg.
___________
Don’t let Goldmember paint your yoohoos gold. It’s kind of his thing.
Maria looks uncomfortable in her burlap. Like a fucking scarecrow.
It’s a testament to the amount of alcohol I’ve consumed tonight that I first read that as “like fucking a burlap scarecrow”.
haha, I was thinking the same thing … a little large around the middle too!
The dick juice she swallowed at Davos is quite fattening.
Fly…I heard that interview yesterday….good stuff.
You well stocked with Monster and Keruig supplies?
Hang Seng getting Clown massage…I predict
Denninger Video with Blue Blazer by midnight!
Folks………
Fuck you guys. All I want to do is send Dennis Kneale a cat to fondle on the air.
I did a study on the S&P versus Obama’s disapproval rating. They seem to directly correlate. I also have a cool video of Obama’s contradictory statements from one state of the union address to the next. Check out the link:
http://bit.ly/cgrMvc
I bet S&P vs disapproval ratings is the same for all past presidents. Does seem this guy is doing everything possible to tank the market. His “Kill the Banks” does not seem to be well received. Shocking, no?
You dickhead RETARD. Obama has the stock market UP 25% since he took over;
has monthly job losses down to flat from 700,000 per month when he took over;
and economic growth at 5.7% up from negative 6% when he took over.
In ONE FUCKIN’ YEAR, you moronic asshat. You should be kissing his ass.
Minnesota real estate people should stick to open houses, sheriffs sale bad prints, and anti-trust scale “6% across the board” pricing. This guy doesn’t appear to understand how (the mistake called) called TARP works. They were/are loans, not gifts, bro.
Strange how that Minneapolis Real Estate scam video is all shot in the Palm Desert, California area.
With a gun barrel between your teeth, you speak only in vowels, but most, fingers still attached, type just fine.
remember this guy
http://www.youtube.com/watch?v=-NWFA6g2x-4&feature=related
He’s one of my all-time favorites. I think out of the dozen or so videos he only misses his target once or twice. The Astros should give this guy a tryout.
Hmmm. I hadn’t seen this one. I think I like it.
I think it was Donny and the Devildawg in a Fazmobile on the freeway today – almost clipped my fender – fazzoles! Market may rip tomorrow but whatta I know – I’m an alky.
I’m thinking if it get’s bad enough I can hire Karl to come over and fix my Internet. I wonder if I will be able to pay him with canned tuna and dried beans.
Le Fly … You have to love the market going to shit b/c this place is off the hook … Nothing better than coming home drunk (watching the Caps win there 12th in a row) and reading the histerical nonsense or not nonsense. Now all we need is JakeGint to wake up & get involved ……………….
Indulgent!
that minnesota real estate video is shocking, but I admire the ingenuity of American businessmen to find the money in the system. the use of credit default swaps, leveraged CDOs–I’m amazed. There are geniuses in America to be sure. They’re just smart enough not to go into politics.
To the moon, Fly
LOL Denninger tea party/comedy tour
http://www.youtube.com/user/kdenninger#p/u/4/xPabM94ygvc
That’s great Tea Party DENNINGER action. Love it.
He should go on a nationwide tour.
oh fuck. You’ll love this: http://www.youtube.com/watch?v=HpiMDmx5KXo&feature=player_embedded
Selling pitchforks to the devil.
Did they hand out pitchforks when he was done?
http://www.youtube.com/watch?v=-xqEiN73WGQ
Someone posted this on Danzatap…..funny as shit…..hang in there while he rips off Mick Jagger moves.
WTF — are those Mom Jeans??
___________
The prompt on his back pocket is consistent with the fact that he did a duet with Elton John on that song also.
OMG, that post of TIM’s is just hilarious
It’s the classic ‘it’s different this time’
And the loser post below it about the guy who hates SLV(his 3rd post in 3 months about shorting it) is equally hilarious.
Are we screwed?
http://www.youtube.com/watch?v=eZA0qNsf4m0
The end is nigh!!!
ARG just caught a bid. Monster premium.
Someday I hope to awake to the same news for BOOM.
Reinstate the Devil Dog….
Shit… if I didn’t know better, that last chart — UPDATE VIII — looks a lot like technical analysis. In fact, those numbers are based on market data, which is technical analyis, by definition. May as well be looking at an RSI or stochastic. So you sell TA by pretending you don’t follow TA? Fucking genius.
You don’t get out much do you?
We may have a short-term oversold bounce, but 2010 is going to be the year of “short the rallies”. Last year the money was made on the LONG side, this year all the big money will be made on the SHORT side. Watch and see.
nothing like a market ‘jostling’ to bring out the jerkoff prognosticators. always right, mind you, a day or two or 17 after the fact. you’re all brilliant arm fuzz qb’s. stfu, all of you. you know nothing. twelve days ago the s n p was @ 1150. any retarded monkey with a basic edu in ta could take a look at a chart and see 1150 is a MAJOR area of long term sup/res and twould be a wise play short. make a call there? nope, nada, but now you all have “confirmation” i presume. a weatherman tells me when it’s raining outside and that’s of no use to me. conversely, a rainmaker doesn’t appear after the storm. shaddup and go apply for the ‘storm chasing’ position @ action news 4.
We have front row seats for this theater of mass destruction. The demolition committee of Project Mayhem wrapped the foundation columns of a dozen buildings with blasting gelatin. In two minutes, primary charges will blow base charges and a few square blocks will be reduced to smoldering rubble. I know this… because Tyler knows this.
http://thearchdruidreport.blogspot.com/2010/02/endgame.html
“[…]From the early days of the industrial revolution into the early 1970s, the United States possessed the immense economic advantage of sizable reserves of whatever the cutting-edge energy source happened to be. During what Lewis Mumford called the eotechnic era, when waterwheels were the prime mover for industry and canals were the core transportation technology, the United States prospered because it had an abundance of mill sites and internal waterways. During Mumford’s paleotechnic era, when coal and railways replaced water and canal boats, the United States once again found itself blessed with huge coal reserves, and the arrival of the neotechnic era, when petroleum and highways became the new foundation of power, the United States found that nature had supplied it with so much oil that in 1950, it produced more petroleum than all other countries combined.That trajectory came to an abrupt end in the 1970s, when nuclear power – expected by nearly everyone to be the next step in the sequence – turned out to be hopelessly uneconomical, and renewables proved unable to take up the slack. The neotechnic age, in effect, turned out to have no successor […]””
Have to love 3x inverse ETFs… despite their ‘fuckery’
The paste I am about to post takes the proverbial cake. This is exactly why we will never recover.
CNBC 2/5/10
Though there’s no official pronouncement yet, based on private sector economists, the recession ended in either May, June, July or August. Since then, the economy has lost 350,000, at best; 1.3 million jobs, at the worst.
So, we have the recession ending in any of the above. You pick.
Every recovery that I can recall since the early ’80s has been more and more of a jobless recovery.
This one could take the cake.
Yes the recession is over in terms of two quarters of a positive GDP but much has been due to inventory restocking,cost cuts by corporations, etc (which leads to higher earnings), but good paying jobs have gone overseas the last 20 years and end consumer demand is not all that good. Throw in the mix of many small businesses not hiring for fear of higher taxes, government control (Healthcare Demands) and there is a major problem in the USA.
A recovery means nothing if you or your neighbor can’t find a decent job.
You post a CNBC statement that that is the entire basis for your opinion that “…we will never recover.” Easy pal – you are about to pop. Hey Honey – Donny Deutch (sic) said that he is worried about the economy. This must mean we will be in a recession for the next 10 years.
Trader C;
You’re old and wise enough to recall the “Jobless recovery” as Clinton was going for his second term? This is no different. Restocking is a good sign and I don’t k now why people seem to think it’s a negative. Firms are getting signals that their goods are in demand.
We won’t see any meaningful reduction in hires for at least another few months. There’s a lot of shit… a lot of statistical shit going on in the payroll survey at the moment and it would simply be better to ignore it for the next few months.
The jobless rate fell to 9.7% and that’s the telephone survey which is better indicator of the payroll number until they are able to deal with the stat issues .
Jeesh, anytime just a glimmer of good news comes out somebody has to go whining about Greece and the other shitpot deadbeat countries. Scramble a couple of B2’s loaded down with nukes and wipe those fuckers out to finally end this shit.
Pimp:
Don’t underestimate the sovereign debt issue in Europe as it’s fucking big. The problem is that they have a real problem with structural weakness there in terms of the central bank/ local budget issues and the impact on the the EU.
It doesn’t look good.
The real fucking problem is the shitty countries ought to be devaluing their currencies now but they can’t as a result of belonging to the Euro. Failing that they should be seeing wages drops particularly in the over-bloated public sector but the unions are powerful and may prevent a lot of the needed reforms.
This is a big fucking story and needs to be watched. The entire EU can end up blowing up as their central institutions aren’t as strong as the US in terms of handling lots of stress as they were never created that way.
Tell me again about that great European socialism we want more of over here?
________________
For the love of god, let’s have an oversold rally. If there was ever a time for one, now is it.
Maybe some of the shorts will take profits this morning since it doesn’t look like the world is coming to an immediate end.
Let’s dance on burlap.
But Fly, reality has changed, as Timmy says. Lets call it fantasy.
Anyone buy ALGN on this?
http://ibankcoin.com/henry_fool/2010/02/01/hot-trades-for-the-week/
your old play SFLY is up nice today.
Bleier is great.
we’re green…..nope, red again, hey we’re green again…..nope, now we’re red again, hey green again, nope red again.
The dollar is right at a serious inflection point, people — We’ll Know Today, for sure.
Donning wet suits…
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Just scanning it… this is a particularly angry thread, in fact it’s one of the angriest I’ve seen for months and months.
Keep it fellas and niceness kills threads. I wanna see lots more blood. On that score:
Donny,
this is not 1929. Stop imagining shit like that as it’s very ignorant.
Time to go out and purchase Burlap Art!
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