As world government bodies try to paper over egregious and insurmountable losses, weird shit is happening.
Weird shit #1:Japanese Yen appreciation. What the fuck is going on in Tokyo? That fucker is booking higher as if the carry trade itself fucked itself into a murderhole.
Weird shit #2:
Euro appreciation. I thought the Euro was going to zero? Are we past that stage in our lives yet or no? I just need a little clarity so I know what to fear monger about.
Weird shit #3:
Oil is not going down. Go fish.
Weird shit #4:
The SEC settled with Goldman Sachs on the same day BP capped the fucking gusher. I am a big disbeliever in coincidences.Weird shit #5:
2010 is the hottest year on record, yet global warming is a farce. Blame the sun.
Weird shit #6:
NYC is fining people for stealing trash, as they deem it to be a “valuable commodity.”
Weird shit #7:
Someone cornered the cocoa market last week and not a peep about it. Some group of jackasses bought all of Europe’s cocoa supply. Can you say Willy Wonka?
Weird shit #8:
Treasuries are still strong as fuck and yields are absurdly low, pointing to a double dip recession. Low rates are not creating jobs, only offering safe haven for banks, via spread.
Weird shit #9:
China claims to be growing at 11%, yet steel mills are declining in capacity utilization.
I can continue: but why bother? You need to stay focused on all this “weird shit,” for eventually it will end up killing you. Mark my words. At any rate, I will be inserting all of this data into my “calculator brain” shortly and decide where I am willing to go with my assets, over the short term.
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Armajaro Holdings bought all the cocoa. They did it before in 2002.
GS settling with SEC + BP saying they capped the leak -> Opex day. just another way to make easy money for them.
BP lies all the time, with the blessing of the American government.
Josh:
If they say the plugged the leak, why the fuck would they be lying?
This deranged, conspiracy shit is hard to take at times. If you have any evidence that there is a conspiracy then present it, otherwise stfu.
Don’t know about conspiracies, but BP is certainly motivated to talk down the amount that has leaked and is leaking …as they are liable for damages based on every gallon spilled.
They’re not liable for damages with every gallon spilled. They are liable for damages caused to other people’s property.
But I ask again, where the fucking evidence they’re lying?
Fuck the fuck. There are several sources of liability INCLUDING federal civil fines of up to $4300 per barrel if they are shown to be negligent.
Federal liability was always capped at $75 million.
But hey, we’re digressing. You’re also saying they lied. Please present the evidence, especially with 100’s of federal officials around the area looking over their shoulder.
Did BP lie? …if you don’t know they lied, you haven’t been paying attention.
Diver:
We’re talking about if they’re lying? Are they lying now?
Do you have any evidence that they are lying?
Please read the thread. I never said they lied. But, now that you mention it …they have been consistently and grossly understating what they must have know to be the amount of oil spilled.
Also, BP said that they would not seek to hold to that liability cap …unless you’re saying that they were lying about that.
Purdy;
If BP has lied about the current plug please provide the evidence otherwise stop the straw-men.
J must work for BP
Here you go J:
http://www.youtube.com/watch?v=COQN2rpk31Q&feature=player_embedded#!
You should definitely buy the stock.
During June, ROV’s documented oil seeping through numerous fissures, It would be crazy to believe what I saw with my lying eyes as opposed to what BP is saying. Somehow, those fissures all got sealed.
The stock is down to a level LOWER than it was just before the “success” of the cap was announced. Stupid stock market eh? Blind faith in BP execs is a much better strategy than following the money.
..now those are straw men.
I banked over 100% on the July puts I bought near the close on Thursday (posted here) …this based on my skepticism of the BP announcement. So you keep the faith and I’ll continue what I’m doing
Purdy
I’m not buying this stock. You should. I know where the fucking stock is we’ve all watched since the leak and really good for you to be banking that mullah.
However that is the issue. What evidence do you have they are lying about the plug?
Leech I don’t work for BP and never have.
JF2
take the you tube and shove it.
So take it that none of you can provide any evidence that BP is lying about the current status of the well.
Thanks
Read this sometime… http://www.green-agenda.com
Then think about that oil spill.
satan;
You send me to a environazi misanthropic site?
Thanks
Yea:
That yes appreciation thing has me really fucking beat. Not because it’s doing what it’s doing, I can’t believe the Japanese are allowing it to go on.
I think the chances of intervention are now around 70% and climbing.
Dow 9k, AND BEYOND.
Been watching Toy Story 3?
i can respond to #5….the reason for the heat along with other stuff happening now is this…
the earthquake that occured in chile this year did cause the earth to shift 3 inches of its axis.. the change of angle is the reason…this is a fact
If I rotate a muffin by a wee bit in the oven, will it cook faster?
tilt it …. a wee bit towards the broiler…
and this is the last dumb question im answering
Weird shit #10: Fly Posting on a Sunday afternoon.
The times Fly posts on Sunday we have 38.5% chance of going down that Monday.
Now we have J hanging out on Sunday evening….this is a sure sign to get some VXX.
Doesn’t that mean we have a 61.5% chance of going up that Monday? Shouldn’t you buy some FAS instead?
i would send a probe bet into FAS @ 20 since i sold all of mine for a 12.45% gain…but thats me
Mcbeal:
It’s Monday morning my time, you dill.
Hey capital J always good to get your commentary. You still holding BA?
Now, when we fought, you had that eye of the tiger, man; the edge! And now you gotta get it back, and the way to get it back is to go back to the beginning. You know what I mean?
See that look in their eyes, Rock? You gotta get that look back, Rock. Eye of the tiger, man.
re #9, you talking about utilization in Chinese mills? Because the Chinese gov’t has removed subsidies from Chinese mills as a pollution reduction measure.
thx Fly
Weird shit # 10
As I continue to enjoy a long needed vacation in the Keys… There is one thing I have learned here over the last several days… People down here don’t give a hoot about what the japanese yen is doing nor the coco markets.
The only thing they do care about is consuming large quanties of alcohol… Dancing like wild animals and watching the sunset.
Hey Fly, Seems like the whole world is short again and boasting about it. You know what usually happens, when the majority all gets on the same side. Nothing surprises me in this market any more after watching BP the last several days.
Too bad. Asian markets down this evening.
Chinese Foltune kookee say: “White man Kung Fu like soft monkey nutsack.”
Arch, re: the earth’s 3 inch axis delta: any idea what means in degrees? i.e. If earth is curently tilted at what, 23.4 degrees or somthing, what would it be after the 3 inchs? Or is negligable?
Also, Arch, what do you think/know about the upcoming Cardinal Cross?
i dont have the time to find the info about the specific degree…but the collaspe of atmosphere is relevant here
http://www.space.com/scienceastronomy/puzzling-collapse-earth-atmosphere-100715.html
http://www.space.com/news/
the cross is this about the death cross ..or the cross where lower ma moves upwards thru higher ma..
if not clue me in please
Radius of earf ~ 6,357,000 m
Normal inclination of earf = 23.45 deg
tan(23.45) = x / 6,357,000
x = 2,757,508.4 m
3 inch = 0.0762 m
atan(y) = (2,757,508.4 + 0.0762) / 6,357,000
y = new angle = 23.4500004786 deg
I.e. fuck all difference.
QED
I ate all the chocolate. Sorry.
Euro appreciation will effectively nuclear explode export-dependent weak European nations. Hungary has been receiving bad news as of late.
Arch, its astrology crap. Some BS about the moon and stars lining up leading to some major event.
I got news for ya… The “seep” could cause a major event… I just dont think it had anything to do with the Cardinal Cross, more to do with drilling a mile underwater with no back up plan for when theres a problem.
what exactly are u talking about….there are 2 links…1 is for atmosphere collaspe…the other is the same site with scientific news the degree of the earth tilt can be found in there somewhere … i just dont have the time..
your definition of the cross please
Me thinks both the seep and the solar flare news items are more hype to scare the public into agreeing to higher taxes, more banker control, and fewer individual rights. All supposedly for the purpose of world peace. Sure, world peace is created by lying and cheating, and killing innocent civilians in other countries with fake wars. Hard to believe people trust anything the banker-owned media suggests is real.
The bankers are getting kicked in the nutsack by socialist-commie government types. That’s why everyone is hoarding their cash in T-Bills.
Sadly all of this is these items are going to make history.
So, TZA or TNA? We’ll see soon enough.
The weirdness is going to reach a fever pitch. But the awakening of the US from it’s slumber will come despite the distracting weirdness.
Let’s face it.
Jack’s behaviors led to his demise.
Agree with good chance of the japanese intervening to prevent the yen from going to the moon. As well they should, for all our sakes.
Some other weird divergences can be seen. Bearish sentiment rose last week as the market rose. Some stats are lined up like 1982 including corporate cash levels and record outflows from equity mutual funds. That was the end of that great bear market and the aftermath of a double dip. But we aren’t likely yet done with this secular bear as its just 10 years old and thats just mid-life-crisis time in secular bear market terms.
I got nothing. But the PPT is oversold and I am interested enough in and impressed enough with that thing to go with it a little bit.
It was right last week, after all. Even if it didn’t hit overbought, it got very close.
The truth about BP: they didn’t really cap the well. The camera shot is actually in a warehouse. The same one that they filmed the moon landing. If you squint, you can see the Rover in the background.
And OJ was framed because of his participation in Capricorn One.
Chocolate sushi is very popular in Europe these days, and it does create more methane. This is a fact.
Oil companies never lie
Holy moley robin! To the batcave!
And let us not forget it is Recovery Summer!
Someone cleaned house and de-blogged their blogroll. Going strictly to big shot info providers now I see.
I heard stanley kubrick shot the fake well capping for bp.
i agree, why bother. “weird shit” is always happening, depending on how far you choose to stretch your conscience. The status quo is resilient. Whenever geniuses try to predict shit they come up with pithy aphorisms or straight-up bovine scatology. Fly, at least you admit you’re in the dark, occasionally; unlike the rest of us fetid imbeciles.
More weird shit…….http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7897459/Markets-braced-for-turmoil-after-IMF-and-EU-withdraw-17bn-Hungary-financing-deal.html
Fly, I so agree..and there is even stranger shit….also, I know it is late…but here is my weekly article of my take for next week in the Peanut Gallery…http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/19/nymph%e2%80%99s-look-at-next-week%e2%80%a6hold-that-line-team-hold-that-line/
Special Drawing Rights. I hear the IMF is (Fall 2010?) going to begin renegotiating the currency allocations within the SDR. Could explain the currency moves we are seeing. All in preparation for a US dollar fall, though most of it will likely be in sssslllllllllllooooowww motion. Lest the locals break away from their reality TV shows and take a shit in the middle of Main Street USA.
I’m situated to gain off this. Are you?
Smoke ’em if you got ’em!
_________
Looky here, moodys just downgraded ireland. Now we know why cds was blowing out
BIS came in to buy eur./usd but they can’t do it all night…could be an interesting open.
What dune bugging thought me about dune bugging. Subtext – it reminded me of 1929-1940 too. Latest post in PG – http://www.ibankcoin.com/peanut_gallery/index.php/2010/07/19/dune-bugging-and-markets/
weird shit #9,the fucking chinks are not buying our steel,they stopped over a yr. ago. they decided to stick their pencil dicks up the aussie;s asses and buy everything they could possibly dig from their earf. fuck’em! RTP,fuck them too.there’s a stock that used to be over 5 hundo a crack.see what the Fucking chinks have done to them. brought them to their fucking knees,just like what they want to do to us………….or i should say,,,have already begun…..houston..we have a problem! would sure like to fix their rickshaw.
Wow, as anyone ever told you you look just like a racist bigot?
I agree. Asians are generally much mellower and peaceful than we white people. Get a grip, please.
I’ll see your Hitler and Stalin and raise you a Mao, Pol Pot, and the rape of Nan King.
nice..
BTW–RTP split 5:1. It’s about $235 split adjusted vs. it’s old $550 high, and there was a takeover offer on the table…
Kindly do not refer to chinese gentleman as “chinks”. You need to be banned. Like users of “N” word would be banned. Lets be civilized here.
japan has spent like crazy on nano technology. Maybe they secretly have been able to use it to control everyone’s wealth. That combined with a strong leader means Japan will finally recover.
As for global warming being a farce. It’s “man made” global warming that is a farce, the sun still has solar cycles. Global warming is occuring on all planets in the solar system because of the cycle. By this time 2012 they’ll be a huge ass solar flare that we will have to hope our ozone layer isn’t taking some break.
Dude;
Get it out of your head. japan is not going to recover. Japan is going to go bust and the Yen will eventually become worthless.
Solar flares. The next big UN con job coming to your home town. Hand-crafted by central bankers who have extended away from the artistry of banking, and have dipped their toes into a variety of arenas, including science and media ownership.
In 2012 the Mayans rise up and kill us all anyways, just before Christmas. Don’t buy Christmas presents that year.
“Dude;
Get it out of your head. The US is not going to recover. The US is going to go bust and the Charmin will eventually become worthless”.
Fixed 🙂
on a more serious note, has anyone noticed there are many stocks that are at the same price as they were before they reported earnings last quarter?
some of you smart people please tell me what this means.
thanks in advance!
Fly,
For #1 don’t you think the leverage limits (recently implement and future announced) on yen trading have something to do with it? I assume you either don’t think so, or are just being sarcastic.
For those who maybe haven’t heard yet and who would like to chime in with informed opinions:
http://www.marketwatch.com/story/japans-new-forex-margin-limits-loom-over-brokers
http://www.risk.net/asia-risk/news/1723009/rbc-japanese-limits-margin-trading-weigh-aussie-yen-cross-august
investors are caught like deers in the headlights this morning as stock indexs find resistance at their respective daily pivot points, losing premarket gains and making a clear statement about this mornings sentiment.
however being only a hour into the US trading session, there is potentially still lots of time to retest said resistance levels.
settling above the daily pivots would be a bullish statement for this week, imo .
shes quite volatile this morning
you might want to listen to Eric King’s interview with Matt Simmons and then short the hell out of bp
Bought a little UWM to hedge my TWM. Put a trailing stop loss on my TWM.
TSLA up another 5% today…I wouldn’t chase it here though, I think we’ll get a pullback to $19 soon.
Market cant crash because sentiment is too negative, and earnings are generally positive.
But, we cant rally until BP proves they can do those relief wells. That’s not for another few weeks. There’s no such thing as “minor seepage”, around a Texas sized bubble of an explosive chemical.
There was a negative omen at open–a 2% gap up in the SPY only boosted the market by half a percent.
But, we cant rally until BP proves they can do those relief wells.
Relief wells have been part of the industry for decades.
There’s a shitpot full of oil down there underground from the BP leak. We will eventually be able to safely get it out.
Wierd Shit #11: Everybody with a computer and an E-Trade account will be getting free Ritalin.
Wierd Shit #12: arch got shook out.
Wierd Shit #13: Devil Dog’s silence is deafening.
Weird shit #14….something’s awry, 12 noon and we haven’t heard from The Fly.
Still All-in fuckface???
Maybe you should learn how to read, son.
You’re banned.
For the next 4 weeks the market is just going to yank dollars out of people’s pockets that try to trade this market and waste their summer…as it goes nowhere from here…market will finally wake up during the last two weeks of August. Go to the beach, go play golf, spend time with the family…nothing to see here. Do some Sharkin…Here’s to swimmin with bow legged women!
whatever dude, people always say shit like that.
its just a excuse to do nothing and really nobody wants to hear it.
Then don’t listen…enjoy your summer.
Fuck you – you can’t ban me!
Deflationary fears have a vise grip on the market’s testicles.
It is concerning to some, not all, that the adjusted monetary base has been falling this year….
http://research.stlouisfed.org/fred2/graph/?chart_type=line&s%5B1%5D%5Bid%5D=BASE&s%5B1%5D%5Brange%5D=1yr
…factoring in that M1, cash in circulation + bank deposits, has been on the increase…
http://research.stlouisfed.org/fred2/graph/?chart_type=line&s%5B1%5D%5Bid%5D=M1&s%5B1%5D%5Brange%5D=1yr
…..were it not for the growth in M1, the adjusted monetary base would have seen even more of a decline this year, no?
An increase in M1, cash, if this trend continues, points to people have a “saving” and “hoarding” mentality. This is deflationary, as we now are progressively having fewer dollars chasing the same amount of goods, this coming on the heels of a build up in the inventory cycle
The bond market is telling us that deflation is here. We shouldn’t try to make it any more complicated than that.
Have a nice day.