Ireland bailed out their big stupid bank with monopoly money. That bailout, when scaled up to our size, is worth 4 trillion dollars. Had that news come out 2 months ago, the Irish would be throwing fire bombs in Dublin, trying to kill off their government. No, none of that would be had in the gentrified month of September, 2010. Instead, we get rallies upon rallies.
I just got back to the office, as I was out all day conducting business—if you must know. Looking at the market now, I see nothing was missed. Big rally. Failed rally. False breakdown. Get your popcorn ready.
NFLX, JCP, JWN, IVN, BIDU, CNH and LINTA all popped more than 30% in September. MCP and FNSR soared more than 50%. Folks, the market is as gay as a three legged statue of Liberace, with all of them diamonds and shit on it. Do not pretend to understand; just move on.
As for me, I managed to miss out on one of the coolest melt ups in the history of the stock market. I did take some bullets to the chest, through VXX/TZA positions. However, for the most part, damage was contained due to asset allocation weightings. Going into October, I carry the same bullshit that gave spastic strokes in September (full position sheet inside The PPT). Some of you call it madness. I consider my dedication to be religious. Don’t fuck with my religion, else I’ll go Ireland on your candy asses.
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September=The “wisdom” of crowds.
I too…
Wasn’t something to happen on 10-10-10? Please remind me.
Merlin showed briefly but Bernanke smothered him with Us dollars
According to CNBC the best since September 1939.
I guess Wall Street was pretty happy for some reason or other to see the Nazis invade Poland on 9/1/39.
Fly will be driving a cement truck.
fly is going to bury you in his cement
Middle of the day quick dollar pullback commentary, with apologies for my absence.
_____________
I figured out what Obama’s personal announcement will be tommorrow.
He will finally come clean.
He is a gay (not that there is anything wrong with that) Muslim who wants to be buried next to Lenin when he dies.
Lol.
No, his White Sox are not going to be in the post season, and for that, we can all be thankful that we don’t have to watch him throw a sissyfied first pitch to open a game.
He may be lamenting that fact,…or that he really didn’t intend to be socialist.
Shit happens.
Just as Clinton was known as the first “Black” president, O will be remembered as the first “Gay”.
Even I, probably the last Obama’s admirer on this site, find it funny. Please bear in mind i am canadian. not that there’s anything wrong with that…
From Canuckistan, eh?
How about those Canadian banks holding up through all this mess?
My dad owns BMO, TD and RY in our family trust. They will probably never be sold, as the income from them has increased over the years. Outstanding.
as a core holding RY is a a never sell thing. i also like to swing trade RY.
Canadian banks. urgh… like with THI. i like to own them but i hate them.
Indie…since you are the last Obama supporter here or almost anywhere gentleman congregate please do the honourable [sic] thing and stab your self in the face with exacto knife multiple times…thanks
You don’t like the Obama Bull Market??
Dipshitz.
I have been to Canada only once but did enjoy the short stay. I caddied for my kid in Windsor (glad to get out of the Detroit area alive) and I thought it was interesting that there was a curling rink on the lower floor of the clubhouse.
My first Tim Hortons was at that time also.
Tim Horton’s is everywhere in Canuckistan.
The only place I didn’t see one was at Meat Cove, Nova Scotia. Yeah, that’s right. Meat Cove.
you won’t see me at a tim unless i’m on a highway and i need to stop for a piss. i hate their coffee.
but i own THI.
I have faith in Mr. Le Fly. Patience is all that’s required.
I’m also hurting from TZA and VXX (why the hell did I buy that again despite health warning from The Fly?!?) but more than compensated by nice runs this month in GLD and SGG although SGG is down 6% today.
Fly,
I can somewhat empathize with your situation. As you recall, I left the market and the goodly folks at IBC in June 2009, up 49% on the year, and basically sat in cash and bonds for the remainder of the year, while I vacationed, played family man, and dined on fine wine and medium rare ribeyes (lightly peppered, heavily salted) .
I missed out on another 21% of upside on the S&P last year.
It will get better. You will come back, stronger and better poised to kick ass.
“else I’ll go Ireland on your candy asses”
You mean you’ll bail us out too?
IRA
Who would’ve thunk it, the IRA in league with the Sons of Anarchy.
The Irish never quit!!!
… printing money
Fly,
By going “Irish” I hope you mean hiding bombs in garbage pails and not…
Ireland’s central bank has put a 34 billion euro price on bailing out stricken Anglo Irish Bank under a worst case scenario and said Allied Irish Banks needs to raise an additional 3 billion euros by the end of the year.
The country’s budget deficit will balloon to 32 percent of gross domestic product this year, but Ireland aims to cut it to the European Union-agreed 3 percent by 2014, the Finance Ministry said.
“but Ireland aims to cut it to the European Union-agreed 3 percent by 2014, the Finance Ministry said.”
😀 😀
By going “Irish” I hope you mean hiding bombs
I thought he was talking about the Notre Dame football team.
The Fly is Rudy? …..I think not.
I aims to be a billionare by 2014
The Irish are lucky. Everything will be fine.
Maybe better but not fine until all the swishy poof Englishmen go back permanently to Piccyourdilly Circus. Ireland has enough of its own native born gaelics.
You’re forgetting that their pint is half full.
the irish will just get drunk,and forget that anything even happened
That’s it! Now you fuckers understand.
Amazing Stat
Over 12 year period through May 09 if you held just on day 1 of month, you made more than all other days of month combined!
http://www.fundmymutualfund.com/2010/09/amazing-stat-over-12-year-period-you.html
It’s a good thing we have a leprochaun here too (Bearded Clam) who can provide us with a magical pot of fiat currency if you press on his belly. Unfortunately it doesn’t turn to gold. But the first people who get it still benefit. The last ones to get it find that it has become a bearded clam shit-bubble.
If (or as) food cost increases are passed thru to Joey-bag-o-groceries @ 7/11, the genie will be out of the bottle.
How will the bearded one control or spin that?
That’s when Joey will start buying PM’s. No PM bubble until my shoe-shine boy suggests I buy gold.
He won’t. Everyone will be stuck with lots of worthless magic leprochaun shit. To borrow from the Irish example.
That is the bearded one can’t, and PM will still be worth more than an ever increasing pile of magic leprochaun shit.