Don’t get too excited, asshat. Fannie Mae is seeking another 8.4billion dollar bailout, citing long term “uncertainty.” With Europe partaking in their form of quantitative easing, the million dollar question is: who can print faster, us or them? Furthermore, when the shit really hits the fan and there is no more money left for bailouts, yes, I will be participating in violent demonstrations.
Long ago, European finance was the envy of the world. Now they are just a bunch of men, dressed in fancy pants.
Into the melt up, I will sell.
I expect my [[VXX]] position to trade down 10%+; but it could be worse. My long positions should offset most of my VXX losses. We will see.
With my cash, I might take a few trades. But, to be honest, I have a very hard time buying such a big gap up. Within my positions, [[MTA]] and ICICI Bank Limited (ADR) [[IBN]] should bounce the hardest, with POSCO (ADR) [[PKX]] and Goldman Sachs Group, Inc. [[GS]] not far behind. In hindsight, I should have known better than to leave a monster VXX position intact into the weekend. Nevertheless, I am sure the market will be so generous as to give a person, such as myself. another lofty exit point, over the next several weeks.
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Lets see that Monday melt up! Go AIG!
They should gave promised a gagillion dollars, same difference
But i digress
Is cheesnwine tabbed in yet? Or is his tab being designed?
Dylan on his game
http://www.fundmymutualfund.com/2010/05/video-dylan-ratigan-explains-thursdays.html
Outstanding. A real joke for CNBC to shuffle him over to the other channel which hardly anyone watches and leave financil reporting to the likes of Dennis Kneale et. al.
He doesn’t have a lot of problem getting into the whole commie zeitgeist over there, though. Maybe that’s Olbersturbenfuhrer’s orders?
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The V.King bought a freezer full of POWR on Friday….today is “arms” day…
Same boat. Still have half my index puts but also long stuff like DRYS. Days like this just piss me off. You make no real headway.
Still quite a bit up on the VXX position… a win is a win is a win.
Fly, you ever use the VXZ instead of the VXX? If I remember correctly the VXZ trades further out than the VXX. It seems to have a steadier upward bias of late than the bucking bull of the VXX. I sold VXX Friday and am looking to enter VXZ. My two cents…
Never use it.
Nothing like the smell of napalm (or burning shorts) in the morning! Today is going to be seriously volatile.
I think this keeps Ben on the sidelines through year end as a way to help the Euro. I agree with you that it is game on for inflation. Baby boomers’ on fixed income sacrificed for the current generation. Easier to put down a Sr. Citizen riot than some 20 somethings with Malotovs.
A trillion dollars is a lot of ammo to use against those trying to short Europe/Euro. It meets my definition of shock and awe
anyone else think the NYX ends up a winner out of this as an unintended consequence of them clamping down on Flash trading.
If I argue the most important Supreme Court case in decades (democratic republicanism v corporate plutocracy), and lose, can I too get nominated to the court?
Have you ever been an advisor to GS?
dang
Since when is competency an issue w. the One’s nominations? Only Republicans care about competency on the court… the bad guys only need “political correctness” and “empathy.”
That said, the poor bat had to argue against the First Amendment. Good to see you were on the wrong side of that one too.
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If Fly hadn’t banned politics, I’d ask someone from Nawlins to talk about Heckofajob Brownie for your edification.
I spoke of the Court, of course, not the countless statist bureaucracies you so cherish.
And who remain completely hopeless incompetent, no matter the charge d’affaires.
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Thanks Fly,
Covered my 100% short position Friday and went 100% cash based on your sage advice. Too bad I didn’t buy something.
Like 80 Jun 111 calls at $5.55?
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There’s a bunch of dirty dishes in my kitchen sink. Time to get to work.
Was able to get out 2/3rds of my swing longs with profits.
Still riding a little RSX and FXE. I don’t want to miss a Terranova style oil “super spike” to 100. It is an absolute apocalypse in the southern gulf.
http://www.youtube.com/watch?v=mcIdkvMv8P4
I guess the VIX said there would be a lot of volatility
you handled your vxx position like a rank amateur.
You know, the Europe thing reminds me of a Time Share Pitch….They took everyone and locked them into a room until they closed their sale. With no specific details, and the history of bitch slapping that goes on there, there is nothing that says this is the GREAT PLAN….maybe there is a reason why Gorden Brown agrees to step down in Sept…maybe he can see how the Can kicked down the Road is going to play out. BTW India/China spot Ore is down last night and Asia priced in the news about the bailout…and Eur/USD and OZ lower then when I went to sleep……………………………………………..I am not the pro traders that you guys are, but I don’t see anything great at all……….and has fade…….what am I missing?
A little baby’s arm hanging between your legs.
Um, yes, thank goodness.
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It’s her leg…powerpuff girls legs look just like their arms…she is kicking out her leg.
Ignore his crudeness. He mistook you for someone else, I think.
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No, i was just being randomly crude. She being a chick, is missing a ‘schvantze’.
With the promise of a Free Lunch and a room at the Greek Radison.
Now everybody lightens up…..last one out turn off the lights.
Greek Radison Time Share Plan….USA got suckered into the deal too.
Maybe it’s a Motel6 – “They’ll leave the lights on for you.”
Lemme guess – the PPT (a technical indicator) predicted this!
Fuckin Eh!
Actually, it did!
S’treuth!
And in fact, the degree of oversold-ness imputed this large snap-back (okay, maybe not THIS large, but…)
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Fading away…
Imagine if we finish in the red.
Yeah, GS fading is a little unsettling.