I fucking warned you about shorting this market. Now you’re gonna pay the price for your sins. Today we bounce and do so with great energy and purpose. You market timers need to shut the fuck up and quit giving advice. Look, I’ve been wrong before, mostly done on purpose in order to let you fucktards catch up. You need to know when you are barking up the wrong tree. When it comes to betting against The Bearded Clam, there is no struggle. There will be no back and forth volley between good and evil—just rout. You fuckers are no match for his printing presses.
Add on to that, the economy is getting better. The s&p 500 will earn $110 in 2012, putting the FPE under 12. That’s fucking ridiculous.
Barring some sort of Chinese real estate collapse, we’re going to 1,650 on the 500.
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The Tepper is strong in this one.
Say…shouldn’t the biggest clam in that picture be Bernanke? WTF??
Look at Bernanke’s tool = it is the biggest, about a size QE7.
Oh yah, that thing stickin’ out…I see what you mean!
That’s an old photo before his beard went gray.
I thought he was smoking a cigar.
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I feel sick
Thoughts on David Tepper’s (Robin to the Clam’s Batman) Interview
http://www.fundmymutualfund.com/2011/01/video-david-tepper-still-bullish-but.html
TMoe buys more TBT
We bounce, but I think it will be Monday what with OPEX and all its assorted bullshit today.
Everything is going up…how fucking weird.
I shorted BAC and IGT yesterday…both missed pretty badly. Both are up today like it don’t mean a damn thing.
WTF
Nice move AMZN. My Feb 180 puts are beautiful
AAPL is not a $200 stock.
Poor TMOE, the Rodney Dangerfield of the blogosphere…
Yep I was wrong on that one. Never traded AAPL, never wanted to touch it.
right on fly. the clam has spoken… if you didn’t know this was gonna happen u deserve to lose money .. lol.
I’m sure he’s relieved the Rookie has his back.
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For the record, I am in 100% cash and looking to short this meatball at the next golden opportunity. I was not caught offguard in a short position this morning.
Gracias amigos y buenos suerte!
LMAO@ “the economy is getting better”
>>The s&p 500 will earn $110 in 2012, putting the FPE under 12. That’s fucking ridiculous.<<
I agree that if the S&P were to earn $110 in 2012, the market should then be at 1700 (assuming that the 10-year stays below 5%). However, I don't see how we get there in the face of upcoming necessary fiscal austerity and higher input costs accompanied by minimal flow-through pricing power. In fact, I suspect that H2 2011 and 2012 earnings will take a step BACK from where they are right now. How are you suggesting that we will get from "here" to $110, in the face of those headwinds, and where do you think interest rates would be in such an environment?
That’s not even taking into account impending asset restructuring.
What? You think all that mortgage shit went away because the sub-morons who write the news articles got bored writing about it?
The Clamme will continue to poison the dollar by printing. Remember when nobody bought that theme?
Now that it’s common wisdom, I have another for you — it’s not going to work for very much longer.
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>>The Clamme will continue to poison the dollar by printing.<<
I suspect that the minute gasoline crosses $4/gallon, Congress will haul his ass in front of multiple committees, and force him to walk out of that building speaking German.
Upcoming austerity?
Higher input costs?
Logical thoughts indeed. However do not underestimate the power of
1.) The magics of accounting and the need to sell stock. (Fed mandate #4)
2.) Sell side investment bankers when they get all giddy. Pressuring sell side analysts to force multiple expansion through there maths. (Else get fired.)
3.)Earnings will not take a step back. Perhaps they shall improve as more mark to model becomes more aggresive.
Hell, it almost worked for me as CFO of ENRON.
bullcrap…. i mean… bull trap… see it spring on Tuesday
FYI: I’m on the sidelines w/two cheerleaders massaging my feet now that the water boy’s delivered my drink. Yep, PowerAde mixed with Kettle One after a week with too many players on the field, no fouls called and a cracked helmet in the repair shop. I’ve been expecting a correction for sometime now, reaping sniper profits in the mean time, but this week my Kevlar vest is being sewed up a little. 1600 S & P in the clam chowda eh? Awright, but there’s some hell to pay first. You watch!
Pure pesos en el banco….
Great post, Doc… pesos