Futures are pointing to a gay open. Do yourself a favor and grab a blanket, three bottles of wine, grapes and a wheel of cheese. Lay the blanket out in front of the teevee, like the stupid fucking moron that you are, and watch stocks slide on CNBC, while “noshing” on your opera fare.
I will not consider any trades until 10:30, period. Fuck all of the noise, from people like Chanos and his ilk. Be patient and understand that this is not an easy game. Things are getting better; but investors are acting like pussies.
Go paint your house or some shit, then come back later.
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fig
Sounds good, going to paint the house brb
Anybody watch that Chanos presentation on Youtube?
http://www.youtube.com/user/Mercury2234#p/a/f/0/99HNFCn5RP8
God damn it, I shorted NFLX on that huge gap up…up something crazy like 26% that day. Guidance on the stock, por favor?
Why the hell are people worried about Lithuania? Shouldn’t the Greece and Lithuana debt fears and the fact that the U.S. spends money like its monopoly money be fueling a spike in gold?
MWW just fell down the elevator shaft.
Fuck Europe and that faggot Trichet.
Gentlemen! Prepare to defend yourselves!
http://bit.ly/9BmAua
Painting my house with the red paint in SHW. Thank you fucking tools who bought my short over $65.
fly, how much money are u losing right now?
Who the fuck have been kidding here???
Let me speak clearly to dust the webs in your cranium
We all know what is going on … the motherfucking govt is manipulating our entire economy, including the equity markets! And no, things have NOT GOTTEN BETTER AT ALL! It’s just a matter time before the shit hits new lows.
Ben Bernanke can stick his printing press up his ass!
Amen, Donny! Donny is a truth oracle. Put your paint brushes down and return to your Donny Alter. I am serious. Not kidding. Donny is telling the truth. Things have not gotten better and they are going to get much worse. I read today that 37 million people are on food stamps and the rolls increase by 20k per day. Wow! Anyone who says we have recovered, simply wants to be in recovery. We are headed to shocking new lows. We have no money. WE ARE IN AN UNRECOVERABLE DEBT SPIRAL! Personally I think it is sad. I live in a neighborhood of homes in 3,000 to 4,000 square foot range. You know, the typical family home. Several are owned by retirees who (it is now abundantly clear to me) for some reason believed buying a home to flip in 24 months would be a great investment. It is painful to watch. I had one ask me (this is no bullshit) to sell my house to buy their’s… I saw another buy a tub of ice cream for some r and r. Rather than travel and see the world, these retirees are holed in a massive house, with the lights turned off, eating ice cream. sad.
I watched the Deliverance with John Voight this past weekend and, I just thought of something. You know the scene where Ned Beatty is laying on the ground, bent over the top of the rock after being ass hammered by the Hill Billy? That’s us! Yep, that is the United States of America today! Left laying on the ground, ass hammered!
Do what you think best folks, but I don’t recommend exterior painting when it is below 50 degrees out. Some people say you’re okay until it is below 40. Personally, I think if you paint when it is below 50 you will be re-painting in a year or two. Currently it is 32 so I guess it is a mute point.
SHW has a low temp paint that allows you to paint when it’s 35 degrees outside.
http://tinyurl.com/yg9bpkn
“Flat, Satin and Gloss can be applied at low air and surface temperatures — down to 35° F “
yeah, SHW also has a smart CEO.
The Sherwin-Williams Company (NYSE: SHW) announced that Christopher M. Connor, Chairman and Chief Executive Officer, has established a trading plan in accordance with Rule 10b5-1 of the Securities Exchange Act….Under the plan, Mr. Connor intends to exercise 246,067 employee stock options and sell a portion of the underlying shares of Sherwin-Williams common stock beginning in March and continuing from time to time during 2010, subject to the market price of our common stock.
Too bad he didn’t start selling on the day of this announcement. The stock is going under $60 over the next 2 weeks.
Pinic Time or Panic Time?
I think now is the time to be entering short positions. Get in on the bump up later today. The MACD recently crossed over on the weekly chart, and the monthly MACD looks to be setting up to do the same. This time, larger time frames are calling the shots.
1074 is the last line of defense…
http://bit.ly/do4bST
Fuggehddabout three bottles of wine, Fly, I got a much better alcoholic beverage for the occassion — Scotland’s “Hoose Juice” is 15% ABV, and carries the equivalent of eight cups of coffee in caffeine.
Swig!
and…
Get back in there and turn those machines on Mortimer!!
_____________
http://www.youtube.com/watch?v=S8H2FIf1oH4
From the article (which is one of the funnier New York Times pieces I’ve ever read):
“It’ll blow your head off,” said James Grimson, smoking a cigarette outside a pub near the center of Coatbridge recently, speaking of Buckfast.
“It’s why a lot of fights happen around here on Saturdays,” said Umair Ansar, who works at a newspaper store in town.
The drink is favored by young, rowdy men with a taste for making trouble — “neds,” they are called in Scotland. Hard-core aficionados drink two or three bottles in succession, right down. “They say it doesn’t taste the same out of a glass,” explained a passer-by, Martin Rooney, 48.
“It goes straight to your head,” he said, “but it’s not my cup of tea.” (Mr. Rooney noted that his cup of tea is half a bottle of vodka a night.)
Buckfast comes in an attractive bottle illustrated with a friendly looking bunch of grapes. It would seem to be an acquired taste. To the neophyte sampler, it evokes a thick, sweet wine — sherry, perhaps — fortified with cola and Vivarin. (!! Lol!! — ed.)
“Have you ever tried Benalyn cough syrup?” asked Sharon Macauley, a sales assistant at G & B’s Newsbox general store, which does a brisk business in Buckfast.
In walked 30-year-old John Miller, ready to procure his daily dose, a bottle and a half.
Mr. Miller was hard-pressed to articulate what he likes about Buckfast. “You get used to it,” he said.
ROFL!
Sounds like Drank would be big over there except it would mellow those bastards out too much. Them Scots do like fightin’.
I’d rather drink the $400 bottles of old-school artisan-style Pechuga Mezcal I purchase in Oaxaca City for $23 per bottle. Or some of the single-village Sotols made by the locals in the mountains of Chihuahua.
Now that shit will put hair on your chest.
“Things are getting better”
Maybe the pace of deterioration is slowing but getting better I think not.
TMoe adds to his SLV at 15.30 , GLD at 105
TMoe adds to LVS shorts at 16
Bought some PLCE—-holding up well……Anyone heard of this one?
CRI me a river …
Interesting action on the highly employment data leveraged GWW. Suggested in the past, present thoughts?
I have a theory that the ideological shorts- those committed to troofism only show up whenever the Dow hits 137 points loss. It’s scientifically tested with peer review.
It’s the equivalent of the PPT hybrid score.
That’s the buy side indicator
The sell side indicator is when they appear after a 7 day surge of 385 points explaining to the world how everyone is retarded for not having the same insight they do in understanding that the government lies about stats and only the bad stats ought to be believed thereby contradicting the first assertion.
————–
Greece is fucked, unions on strike. Best thing to do is let them go to hell and not lend those fuckers any money. However their “fuckering” more or less underwrites that the ECB won’t touch a thing this year as the PiGS are in the dog house.
I assume you are talking about me j
I show up on down days and up days. I’ve been absent the past few days since I was enjoying myself snowboarding in the back country of Utah.
I don’t expect everyone to have the same insight that I do about the government. I am a skeptic, not a cynic (well maybe a little cynical). I doubt all before I believe and prefer to think for myself.
Poor J suffers from being a perma-bull. Tell us J, how did it feel to be on the wrong side in September 2008.
You go ahead and believe everything will keep going up, I will trade the trend. The trend has changed, and it’s about to get really ugly.
I like to make money regardless of which way the market is going.
Fig Tree.
I take it you’re always able to get every position right 100% of the time, Fig Tree. If that’s the case what the fuck are you doing on a trading blog then? You wouldn’t need to be, as you’d be richer beyond imagination and would no longer have to trade for a living.
So go fuck yourself with a red hot iron.
Moe:
A skeptic in your case is someone that can demonstrate through evidence that the government is lying and how it is lying. You said recently that the GDP report was cooked without offering even the slightest evidence it was other than your assertion. You defended your assertion by saying they cook everything including bad numbers in order to give the appearance of authenticity yet without the slighest embarrassment you role out bad stats (from the government) to support your case.
You’re not not a skeptic but ideologically delusional.
Check out the SHADOWSTATS.COM web site.
It’s accurate as all hell. The GDP is definitely cooked beyond recognition.
Ignoring the data won’t make your trading any worse. It will just make you sound smarter.
your doing well TMOE are you on stocktwits?
on stock twits tmorris93
To the woman in the Sprint commercial who sits down in the lounge chair and gets all offended that her husband has to check email on vacation: Fuck you bitch! What do you think pays for this trip, huh? Now go fetch me a new Bush Wacker, you spilled mine.
lol–Much in the same way with the woman on the Chase Sapphire commercial who squanders their points on a dress instead of using them for something mutually beneficial like the vacation her husband proposed….
I thought the same exact thing. Selfish bitch. lol
She’s ticked, because he’s reading all the “Make Your Willie Grow Like Kudzu” spam instead of figuring out how to use what he’s got.
“Things are getting better” ? I run a mfg business that is tied into almost all industrial industry and the inventory rebuild is winding down.. In other words, fuck you, you’re dead!! off the daily 100sma!!!
http://www.youtube.com/watch?v=fqWtiAtSvg0&feature=player_embedded#
“Tied into almost all industrial industry…”
Are you really Dr. Evil, then?
__________
Or he works at GE.
He owns GE.
The levies are breaking…
Thank you for linking to the next “President” of the United States. He will run and win in 2012. Unfortunately, he is not what this world needs. History will look at his presidency and compare it to Hitler.
Europeans puking it up before they close…who knows what Socialist nation will implode there overnight?
ME NO RIKEY
Now, now, you people just calm down. I have everything under control here in DC. Remember, I have experience as a community organizer. I think I will take off for Hawaii.
According to Moe and FIG Tree, Chambers has been told to lie by the Obama Administration.
The US economy, led by a surge in corporate spending on equipment, has moved into the second phase of the recovery and will soon lead to job growth, a bullish John Chambers, CEO of Cisco, told CNBC Thursday.
The sharp increase in capital spending, Chambers said in a live interview, is a precursor to jobs growth for the entire US economy. His conversations with business and government leaders at last week’s economic forum in Davos, Switzerland, also convinced him that sentiment has improved across the globe, he said.
“There was not a single leader that I talked with that didn’t think either their business or their economy was in dramatically better shape than just two quarters ago,” he said.
Cisco [ CSCO 23.20 +0.13 (+0.56%) ], the leading maker of computer networking equipment, is often considered a bellwether for the technology industry, and sometimes for the entire economy.
The company posted better-than-expected quarterly sales and earnings after the bell on Wednesday, pushing its stock higher in an otherwise sharply lower market on Thursday.
Due to this increase in orders and the company’s movement into other markets, Cisco has committed to hiring a minimum of 2,000 to 3,000 workers in the next two to three quarters. That’s on top of the 2,000 it hired last year.
Chambers is a permabull. Not exactly the best example.
Oh okay so he’s committing to 5000 hires on the basis of delusional thinking and the board would let him hire that number without the slightest hesitation.
Chamber’s is basically saying they’re adding 13% more people to the payroll and he’s lying.
total number of employees 38413, new hires 5000 = 13% increase.
Not at all. However you can’t deny that he is constantly bullish on his outlook. Besides, CISCO is in a better position than most to profit from growth markets.
Did Chambers say that the number of Cisco employees would grow by 5000, or just that he would hire 5000??? 5000 Indian and Chinese engineers and call service staff at $2000/year salary, then fire 10,000 US employees in their 40s & 50s who were making $125,000/year…go USA!
Chambers is certainly not a perma-bull, as a decades long holder of his stock I can’t tell you how many times he’s stepped on my crotch saying things were “squishy” or “lumpy”. You are an idiot though….
If you’ve held his stock for decades then you’re the idiot. I bet you’re an avid follower of OEW too…
Agreed. Buy and Hold = disaster
Not the whole time ass-clown….
Enjoy wave3 down Mr Blue Sky …..roflmao!!!
Good thing you didn’t sell at 1100 like you initially planned, huh? How’s that OEW working out for you now dipshit?
http://market-ticker.denninger.net/archives/1932-Oh-No…-You-Heard-It-Here-First-Lucent-Gastric-Reflux.html
did he utter those words with a Cock in his mouth or, up his Arse?
This guy deserves a John Holmes-style creampie right in his eye socket.
Check out TEVA
Even a dead body thrown off of a building has a bounce but it is still a dead body.
yes, but because of the new FASB rule the relatives of the dead body will be allowed to list the body as “live” on the books until further notice.
hahahaha, thank god the humor never stops.
Both comments great.
I just painted my house. And i will do something else today instead of trading.
I’m done with mine too, how bout’ a samwitch and a beahhhhhhhh?
FAZmobile accelerator’s stuck…
Don’t put it in neutral!
Just hold the ignition button for three seconds until she disengages ….
This selloff is absolutely fucking ignorant. I am about to get filthy rich off of this situation.
The economic picture is MUCH better than it was last week when we dipped. Yes, job creation is lagging — but its just that – LAGGING
Within a couple of months job GAINS will pick up major steam.
This has reached an awesome level to buy at. Get in there with both hands people.
Yea.
Buying some NUE, CMI, MWW and sold Ford… taking some profit as I don’t think there’s much more leverage there.
More news on Greece, the EU directorate has accepted their plan to cut the deficit to 3% of GDP by 2012. The other PIGS are also doing the the same and getting back under the 3% line of death the EU has placed on budgets deficits.
I think the Greece strikes are a good indicator that the government plan is pretty draconian and that it may work short term.
Employment its a lagging indicator!
Business is booming!
$50 an hour jobs are everywhere!
Commercial Real Estate is Fine!
Construction Workers are kicking ass!
People are making more!
Shit cost less!
My house is worth way more than I thought!
Wow my IRA has done really well last 15 years. I’m ready to retire
College degrees are good $100,000 investments!
Chinese are good Drivers!
Hey is that a reply of what Cramer said last night
Gotta love the new Rip Torn avatar. Classic.
_______
i concur.
Employment its a lagging indicator! Yes it is
Business is booming! Not booming but coming back nicely as the GDP number shoed and if the restocking is a decent indicator of anticipated demand solid growth will continue.
$50 an hour jobs are everywhere! No, but they will come back with some time.
Commercial Real Estate is Fine! Some is and it’s not as bad as you think as there was a lot of stock issuance that re-equitized the sector making it less reliant on debt.
Construction Workers are kicking ass! No they’re not for a long time.
People are making more! Little by little as the patrol stats have been showing each month.
Shit cost less! Yes it does.
My house is worth way more than I thought! No it’s not.
Wow my IRA has done really well last 15 years. I’m ready to retire. No it hasn’t but why expect that to continue?
College degrees are good $100,000 investments! Some are
Chinese are good Drivers! Asians are woeful drivers as they don’t have the same spatial differentiation as Europeans and African Americans seeing they score low in spatial testing.. That’s a fact.
LOL ….AA’s also have that extra tendon to make them jump higher and run faster
Fly still long? Answer = yes. I’ll check back later. Toodles.
Off to Romania?
http://static.lonelyplanet.com/worldguide/images/BN2256_8.jpg
How the fuck could most of you not add any short positions yet?? Are you blind or just stupid? Sovereign debt is a major issue. US debt is a major issue. GDP was a freaking joke and will certainly be revised WAY down. Employment is a LEADING indicator after a credit collapse, it is a lagging indicator in a business cycle recession – get your recessions straight before you spew bullshit please.
This is not a long only market and the entire market is way overbought on zero volume, I don’t need a computer to show me that. Buy some MO so you can have something to smoke after the ass fucking you are going to get today.
Agreed. The sovereign debt issue is big. The Euro will cease to exist after all the unwinding is done.
Although it is thinly traded everyone should pick up some DRR and ride the short euro for a while
TMoe shorted EWZ at 64.50
This bitch will break as it is correlated to the dollar. Up dollar and EWZ gets raped.
get drunk,
buy stocks
the fly = super gay
where is your bull market theory now?
be a indepedant women,
take control of your own destiny.
http://www.youtube.com/watch?v=0lPQZni7I18
betchya when he’s done rebalancing his portfolio he no longer calls this a “long only” market!
Daytrade KRE etf is about it.
Free $$ to regionals.
I hear ya TC!
Sticking with my strategy of buying well cap’d community banks in anticipation of the cheese ..
come on GE break 16 and I will jump on you and add to my shorts. Fuck you Imelt [sic]
GE goes to 12.
“I-melt” sounds like the new short strategy from AAPL.
_________
Fly — how about a new thread, or are you too busy scratching your ass and licking your wounds
Fly is busy.
He is over here with me playing checkers and drinking beer.
All the women who are independent
Throw your hands up at me
All the honeys who makin’ money
Throw your hands up at me
All the mommas who profit dollas
Throw your hands up at me
All the ladies who truly feel me
Throw your hands up at me
the homo erotic opera continues
As of today we’re on trading session 12 of a selling stampede that began on January 20th with 3 consecutive days of shitty NYSE internals and a loss of 5.2% in the S&P over that 3 day span. The average stampede lasts 22 trading sessions before the selling ends. I think Monday and Tuesday (trading sessions 9 and 10 of the stampede) we got what Jeff Saut would refer to as the obligatory 2 to 3 day mid-stampede throwback rally.
For comp’s sake, the June/July 2009 stampede lasted 19 trading sessions before the selling ended and the S&P lost a total of 7.2% by trading sesssion 19. The mid-stampede throwback rally in June/July occurred on trading sessions 8 and 9 . From trading sessions 10 thru 19 the S&P lost an additional 4.5%.
This could very well be the beginning of the next downtrend. But even if we’re going back to the March lows or lower like some of you Sunday Nancy’s think, it certainly won’t be in a straight line. This selling stampede will end with two very strong consecutive up days like all other selling stampedes have ended in the past. Likely by late next week or early the following week.
fid
You are correct. I call these “20-day declines” and they come during a BULL market.
Probably right to sell Feb in-the-money calls here.
Random related shit —
Moody’s Sees US Rating Under Pressure After $3.8 Trillion Budget
http://www.zerohedge.com/article/moodys-sees-us-rating-under-pressure-after-38-trillion-budget
And to quote the article at — http://www.marketoracle.co.uk/Article16870.html (bottom of page)
“Replacing all national moneys with a go-anywhere single world money would massively aid the writing off, and hiding of past errors, debt and delusions, both Keynesian and neoliberal. Debt forgiveness would be truly democratized and vastly extended upward from a periodic gift to the world’s poorest countries. Using stealth in the run-up to introducing BTU Bancor, like any other process of forcing out old moneys (like the Euro’s introduction in 2002), the surprise effect could prevent gold bugs bidding up the yellow metal’s price to real extremes – and oil or other fossil fuel prices would likely stay reasonable due to the betting on sharp deflation following the arrival of BTU Bancor.”
You may recall that Michael Hudson was advocating debt forgiveness in this video –http://www.youtube.com/watch?v=3pwAFohWBL4
Hudson is well-associated with the banking elites who are pulling this off… his bio at – http://www.michael-hudson.com/biography.html
Picnic turned into an outing to watch Antetam.