Chinese GDP came in at 11%. I do not get excited about Chinese GDP trickery, since it is a planned economy. Eventually, those fuckers are going to pay for their great many sins, by way of dust bowl affliction, sweeping across their lands. However, for now, the facade is intact. If people think china is dumb enough to plan under an 11% growth model, then we got lots of steel to sell them.
I am a huge believer in poetic justice and the stars aligning at certain points in time to fuck people when they least expect it. We are not due for a sell off yet. Trust me, for I speak to the stock Gods and own a fucking space rocket.
The market will get ape raped, just prior to the debut of Wall Street 2. The stock Gods, as well as the shadows near my favorite urinal, tell me that shit. Might I add, my IQ is higher than yours, by at least 30 points.
Should we trade down tomorrow, I will deploy all of my cash towards longs, if only for a short while. Nevertheless, I am that convinced we have more upside left in this bitch.
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fly is great
C’mon, Noodle. You gotta do better than that.
that was pretty weak
😛
China looks like a pig in heat here.
So says Mel Gibson.
Fly;
Relax, enjoy the summer and the upside.. It’s fun and it’s contagious.
NVDA FTW…
indeud.
whats so great about nvda?
Grays sports almanac says NVDA trades higher.
Lol
My fortune cookie said that China GDP was going to come in at 10.8%.
Of course, we can always find some petty differences to quibble about.
I believe it.
But seriously, your IQ is at least 212?
L O FUCKING L
rappers dont need grammar
“deploy all my cash towards longs”
did you say “all” and “long”?
Simply put, an extreme amount of balls.
Yes…which is what differentiates the Fly from the Fast Money ilk who are never held accountable for anything. He lays it on the line.
I notice extremes, especially since Mr. Le Fly has been a risk-taker but very, very cautious…
see, you had to mention the urinal shadows. i am a full-on believer now.
Get Your Fucking Space Helmets Ready
—
I just strap on a cup … and say BRING IT !!!
—
I’m SHORT this BS … BIG !!!
And I plan on makin’ a “veritable freakin’ buttload !!!”
As it were !!!
.
EX-SQUEEZE ME …
We goin’ DOWN !!! imo
.
genius calls lately….knuckle fucker
WFC called me today offering a so called loan….its not a loan but rather 60 day same as cash …they wont finance customers ….i didnt call them they called me, and that just places the burden on me,a burden im not willing to accept,,i would assume others will feel the same..so i sold my FAS based on this ..it looks like a back alley mugging thats going to happen.
thought you might like to know.
Arch…I don’t think I understand the message. You sold your FAS based on what theory?
Who’s doing the mugging?
At least you didn’t mention the voices in your head.
thing is their guidance might be based on their polling of contractors who probably arent looking for a card..
but might have said ok send me info..
i use amex since there is something in it for me..WFC has nothing but 60 days to pay it off in full..
their downgrading GS and who ever else they downgraded weighed in also
Fly, I will be researching coral reef and sea urchins (properly spelled) from my scuba gear in less than 48 hours
Please keep this rally moving for me while I’m gone… I’m staying very long
I’m staying very long
—
BAD idea ! imo
But … that’s just me !
.
China’s dust bowl will hit about the same time we banko our T-bills they own. That will be a fun deal for the world.
Digesting today’s events…
______________
Finally stumbling out of the Dominatrix room
come monday your fucked..my opinion
well there is that. so when do you short? today? friday? friday at 330p?
be specific or you risk being called a jackwagon.
senor Fly, have missed reading your comments a lot. i agree with most of what you have said, including china.
we go higher.
Everyone on this thread sucks moose cock.
Good night
Mousse Coq (n): A whipped chocolate chicken parfait.
Suck (v): To devour greedily.
___________
I leave the space helmets to Rick Moranis. I use Portfolio Armor to protect myself against market mayhem. Hath Dr. Le Fly demoed it yet? I e-mailed you demo access a while back. Could be a good complement to the PPT (i.e., using the PPT’s overbought indicators to opportunistically pick good times to hedge, and using Portfolio Armor to find the optimal hedge at those times).
I dont bave time to ride your tricycle
Strapped in and ready and shit.
Hey Fly,
I remembered your older posts and thought I would look into an idea.
SGG – Sugar ETF – looks like a steady recovery happening.
What are your thoughts?
We get a sustained rally only if our creditors don’t sink the FED’s attempt to launch the QEII.
…the Chinese rating agency’s downgrade of US debt yesterday was interesting.
Purdy
Who the fuck is this Chinese rating agency? 10 years ago they were making special fried rice, not that the western fuckers are that much better.
A better question, in light of what’s happened over the past decade, is ‘who the fuck is Moodys et al.
Anyway, the Chinese rating agency action is interesting because the Chinese tend to be more afraid of their gov’t than we are here …the firm’s action might be seen as a warning shot from Chinese officialdom.
Agreud completely. No way these tin horn fuggers are risking their kidneys by not running those ratings by the Red Army first.
__
DOW 9K.
Not that low, but the range is still in effect. 9750 is the lower bound for now. VXX and TWM are my only two positions.
Amazing result.
MS quick comment
Impact on our views: Our forward EPS is likely to move
up given faster than expected credit improvements in
card and better than forecast trading results. Stock
buyback of $500 mill starting 1 year ahead of est (no
change to share count but this says bb can happen,
countering bear views that banks will not be able to buy
back stock for years). Early stage delinquencies in card
are down more than expected, suggesting forward
losses need to come down. NPLs 5% below expected.
NCOs materially below est (card 8% lower, retail 32%
lower, wholesale 50% lower). Top line hit our forecast,
pre-provision pre-tax miss from expenses (UK bank tax,
litigation build). Expect strong expense management to
improve forward ppop. Asset shrinkage 2%, 1% pt
higher than our forecast, not enough to feed bear’s
deflationary focus. Mgmt guiding credit losses down.
What’s new: JPM reported 1Q10 EPS of $1.09, above
our est of $0.67 and consensus of $0.74. Operating
EPS was 85c ex reserve release benefit of 38c and UK
bank tax of 14c. Beat was driven by primarily by stronger
IB (higher FICC and debt u/w, equities) and stronger
RFS. NPLs declined 5% q/q (consumer up 3%, com’l
down 9%).
Credit: Managed NCO ratio was 3.28%, down 120bp
q/q and 125bp better than our forecast of 4.53%. NPLs
were down 5% q/q to $16.2B. JPM released $2.3B of
reserves of which $1.5B related to Card, $350M to the IB
and $400M to the CB. Card NCOs down q/q (11.75% to
10.20%) and came in better than our estimate by 100bp.
Capital: Tier 1 of 12.1% was above our forecast of
11.3%. Common tier 1 was 9.6%, above our 9.0%
forecast. RWA declined $16.5B sequentially.
I’m in fucking awe.
And all those that keep repeating the stuff that the banks are lying….. STFU and remain silent for at least an hour.
Not surprising seeing how your balls seem to tingle every time you read a report with a few percentage signs in it. Go brush up on some banking history and hit us back.
What’s really not surprising is that you’re a fucking moron.
Ha – so witty.
wow, wall street 2 was originally set to debut April 24th just before the market topped.
Now it will be released September 24th and shit just before black october 2
great picture with this header.
Arrrrgh! Am I the only one who wants to reach through my TV and beat the living hell out of Mark Haynes of CNBC? Damn, is he ever an insufferable condescending jerk.
Sorry for going off topic, but I had to get that off my chest. Feel slightly better now.
We don’t watch no teevee.
We like beating hell out of asshats.
Is that you Jamie?
if it “has” to bounce, that may be exactly why it wont.
Wow, Fly’s very quiet – must be some serious shit going on behind the scenes …
Gee, I like this action. Market gradually realizes there’s no basis for being bullish. Although certain players will, of course, surprise with earnings, the bearish scent pervades everywhere. But, have to admit, the tape is mixed.
-1% does not a burlap-fueled massacre make. While I agree that the US Economy is built upon the flatulence of giraffes of dubious sexuality, the markets are built on the heady daydreams of high school dropouts, laden with the emotional fortitude of a coven of twilight fangirls.
I.E. it’s gonna keep going up while the country slowly burns down. Until one day…
Indeud. I believe someone called them “Drama Queens”. I guess that’s why so many suck at this game. BTW Dolla down, yes Yen is up but rolling over. I wouldn’t be surprised if we close green.
Yogi…I’m turning japanese, yes I’m turning Japanes….I really think so. USD is down cuz “Citi Tech Fucked up short squeeze rally part 1” is pushing up eur/usd, remember it started on Tuesday when I was going “What?”…their goal is 1.3000 and will probably stop jamming it up once it hits. yeah others are joining in but it is their powerful spikes doing it. That is why imho it is important to watch USD/JPY as the truer tell right now…….I have been quiet cuz I have a different view then FLY on short term, yes we could rally higher but not until we complete this pull back to 1020ish ala Terry Laundry.
Can this rally sustain with the yen going full retard?
If you are a value investor and wear designer sunglasses, nobody should entrust you with their funds. Good LUX.