The markets are ripping into the close, as investors view a big GOP win as a net positive for stocks. In particular, oil and retail stocks should do well, if the Bush tax cuts are extended. Plus, as you all know, the GOP is a BIG fan of fossil fuels, to hell with you and your wind turbines.
I’m looking at the shares of BORN and find myself dumbfounded for not buying it this morning (it was on my list). Chuck Bennett is iBankCoin’s foremost expert on all things Chinese and liquor. Needless to say, he is a big fan of BORN‘s products.
If the election disappoints, the bottom will drop out tomorrow. A disappointment would equate to a large democratic win, by way of modest GOP victory. Get it? If the market shocks to the downside, there is no better ETF than VXX. As you know, I own it from a much higher price point; but remain long if only to quench my romantic sentimental values.
Into the bell, I am 75% long, 10% cash and 15% VXX (on the decline). My top holdings are not really serious, more like rentals. Longer term, I like FTK, FORM, CHNG (shout out to RC) and TEVA. Over the short run, I think HEAT, FUQI, SNIC, PWAV and other garbagio stocks can run. To be clear, I want nothing more than to see the auto-buyers get punished under a gripping and bone shattering decline. However, I cannot fight the bad fight alone. There needs to be a tipping point in the news flow that will stymie this rally. All we get is POMO this QE2 that, with little substance in between. I am without doubt that many momentum stocks are now in fatalistic bubbles and will hurt many, many unsuspecting investors. My long bias will remain as long as the irrational behavior persists.
NOTE: If you notice on the upper right hand side of the site, we have a live streaming CNBC stream. If available, I will stream a live FOX NEWS feed later, as FOX is the only NEWZ worth watching. God bless tea and parties too.
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FIG!
Great site today Fly, Jeremy et al. Thanks.
Do you know what it’s like without a Chess blog? I have no damn clue what to do. I’m in Cash just looking at this boring ass market…
I love what is being done with the site today without a doubt but I need my daily dose of the chessNwine to keep me in check.
RC is probably out buying baby stuff. I think the best video of 2011 will be him… changing a diaper!
His poor wife. I think that is gonna be one BIG kid!
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lol.
Indeud.
Between Cheney’s grin, the campaign to free our fine feathered friend, and the FTK to $3 reference, this is pure unadulterated win.
West Virginia’s polls close at 7:30 pm EST…..That is our Best Indicator of how the Senate will roll….got my popcorn ready
A Republican win has been baked in. They won’t have the majorities to overturn any of the new healthcare legislation though. I just can’t see us rallying in a sustained way because the GOP wins yet have no power to push legislation.
gridlock is good
Not disagreeing. I’d like it if Congress did nothing. But, I wish they could do nothing in a more 1990 kind of way.
YRCW!!!!
To be clear, I want nothing more than to see the auto-buyers get punished under a gripping and bone shattering decline.
Ok, how many of you thought he was talking about car purchasers?
Truth, now!
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Fly, unmoderate that last, would you?
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ha ha ha unmoderate,the “new” word for censor. come on fly ,its election day,give it up,unmoderate jake.
Naw, you can see the post now, it’s right above my request post. Nothing “immoderate” about it.
Sometimes the system just has a phantom glitch on html coding or something.
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Folks, here’s a fork in the road and you need to make a choice:
Are you going to vote for Jake Cunt’s party of fascist criminals?
-These are the people that care none about the common folk and fight a very strong fight, ala fox news, (impressive really) to preserve the fascist order they have created in the last 10 years and are able to find enough voting imbeciles who actually believe their lies. You see they repealed glass-steagall, lobbied and got free reign on leveraging as much as 50:1 so their constituents can run our country to the ground for the benefit of few oligarchs. They talk about FRE and FNM when they pushed for the same in a bitchy way, pretending they are against it! Most people believe this but IT AIN’T TRUE! Here’s proof: http://www.youtube.com/watch?v=kNqQx7sjoS8
Or are you going to vote for an inept party that means well?
I don’t know about you but I’d take inept over utter criminal any day of the week. You might have couple of hours to choose wisely…please do so!
Please do not let your conscience be burdened by being swayed by a criminal rep ala JCunt!
Watch this too:
http://www.youtube.com/watch?v=ugeqexHzVNQ&feature=related
FRE and FNM would never have been a problem had they not been allowed to leverage 50:1. Do yuo know what this means/ It means that these sick institutions along with “our” largest banks had 2 cents of reserves for every $ of exposure!!!!!!!!
What’s most sickening to me is that these nazis who created this situation actually are efficient enough to convince the abundance of imbeciles in our country that it was dodd or frank or pelosi who created this…You know what, all these names do not amount to a pimple on a rat’s ass relative to the enormity of the crime committed by these fascists that call themselves republicans.
Are you going to let them swindle you again? When is it enough?
Have you been sent by Barney Frank, dumb Joe?
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(Speaking of unindicted criminals)
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Aside: Only dumb Joe would show up after the polls closed begging for Dumbocrat votes.
I promise, I am not making this character up. Ask Fly.
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Here’s a perfect example of these cocksucker fascist strategies!
Neither you not Fly know anything about me, nor ever will!
Cunt is a cunt and will always stay a CUNT. Can’t really argue with the points I make so he resorts to his Nazi party strategies…Deceive!!!!!!!!!!!!!!!!!!!
Die you miserable speed bump in the course of humanity! You are a hemorrhoid in a fagot’s ass!
Nope, still not me.
Ask Jeremy.
(OK, it might be Jeremy)
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Looks like you pushed the wrong button … Cramer style.
Yes YOU, Cocksucker! Jake CUNT…YOU!
Isn’t he the same douche (from Mexico) who’s such a fucking tool, his wife divorced HIM?
(i see no problems with a guy divorcing his wife but the other way around? MUST be a seeeeerious hatchet)
Dats dah dude.
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I like cunts. The wellsprings of life. That’s like calling him a pizza. I like pizza too. Might as well slander with a properly nasty thing to compare too. Unless you don’t like vaginas.
I hate fossil fuels. I use only clean, fossil-free natural gas
natural gas is a fossil fuel.
LOL. He is referring to Ms. Nancy Pelois referring to natural gas as an alternative to fossil fuels (see my post from last night with her youtube interview w. Charlie Rose on it).
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oh thanks. brilliant!
Paging Mr. Gint.. Paging Mr. Gint. Your WordPress blog wants to speak with you.
Stop commenting you Regan-lover and post! I desire to be educated as promised by Le Fly.
You have your post, you mendicant!
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I’m voting Democrat because I believe the government will do a better job of spending the money I earn than I would.
I’m voting Democrat because freedom of speech is fine as long as nobody is offended by it.
I’m voting Democrat because when we pull out of Iraq I trust that the bad guys will stop what they’re doing because they now think we’re good people.
I’m voting Democrat because I believe that people who can’t tell us if it will rain on Friday CAN tell us that the polar ice caps will melt away in ten years if I don’t start driving a Prius.
I’m voting Democrat because I’m not concerned about the slaughter of millions of babies so long as we keep all death row inmates alive.
I’m voting Democrat because I believe that business’s should not be allowed to make profits for themselves. They need to break even and give the rest away to the government for redistribution as THEY see fit.
I’m voting Democrat because I believe three or four pointy headed
elitist liberals need to rewrite the Constitution every few days to suit some fringe kooks who would NEVER get their agendas past the voters.
I’m voting Democrat because I believe that when the terrorists don’t have to hide from us over there, when they come over here I don’t want to have any guns in the house to fight them off with.
I’m voting Democrat because I love the fact that I can now marry
whatever I want. I’ve decided to marry my horse.
I’m voting Democrat because I believe oil companies’ profits of 4% on a gallon of gas are obscene, but the government taxing the same gallon of gas at 15% isnt.
I am voting that you’re an imbecile…if you actually believe this nonsense!
I’m voting this hilarious.
Joe’s response or the original material? I’ve voting (Joe-speak) “bofe!”
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Spot the fuck on!
I’m voting Democrat because I believe the president of the united states can only be effective if he is 50% black, 50% white, 50% full of wet shit, and 50% bad at basic fucking mathematics.
ROFLMAO!! Quote of the night!
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About to enter the voting booth… Hmm I just can’t decide…
I’ll have to wing it.
right huh?
N’asty P
B’awnee Fudd
and
H’areed
Must be taken down…beyond that I’m completely tolerant
Breaking! Rand Paul (R-KY) and Dan Coates (R-IN) have been declared winners by Fox News already. Details at my blog….
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Really Dumb Joe — is that kind of language really necessary? Surely your rapier wit can construct sufficient arguments without so much scatological input?
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It’s time to watch Swamp People and the Gator Voodoo episode!
Now on to local news:
AP: Nov 2; The Democrats are getting seriously assraped in Texas, losing by %20 – %50. From dogcatcher to Governor, all going Republican… It’s unbelievable…