I once knew an Egyptian stock broker. His favorite line, with regards to his clients, “I simply transfer the money from my clients account into my checking. Very nice. Very clean.” In general, Egyptians are reprehensible people. I wish Ra would smite them already, or Poseidon drown them with fists filled with oceans.
Oh, by the way, all of you fuckers calling for a decline, this shit doesn’t count. Exogenous events take people by surprise and cannot be predicted, unless of course your name is George Bush. That fucker knows about everything, well in advance. Truth be told, I folded in the face of crazy pyramid builders today. As a nation of slaves go bananas on the teevee, I fear it could spread to other slave nations. As a result, there is a distinct possibility that this event can be the tipping point or excuse to trade lower. Hence, I am 40% cash and loaded to the gills in EXK and several other oil/gas plays.
Do I still think we go to 14,000?
Um, fuck yes. I never said it would happen this week.
How do I intend to protect assets?
Via gold, oil and cash.
All in all, I did well today, with monster gains in AGQ, EXK and decent shit in BORN, GTE and KEG. I sold out of a lot of good stocks; but I couldn’t care less. They are nothing more, or less, than numbers represented by letters. As my investment career progresses, I am fully aware of my strengths and weaknesses. New readers may think “The Fly” is some crazy eyed bull. You would be absolutely false, if you chose to believe that. I am a knife twister and an opportunist. I thrive when cities are aflame. I enjoy to see markets fall 10% inside a few minutes.
On iBC, there is no real bias, just opportunity. Bank coin or go home crying.
[youtube:http://www.youtube.com/watch?v=SGW-tWaUXXs 616 500]NOTE: Watch more Egyptian bullshit here (live news feed).
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What do you think about shorting oil here?
Never mind!
I asked my question before reading your post.
Bad idea
Another pleb with ADD.
I can’t find ADD anywhere! What is it trading for?
Anything it can find.
You should ADD DIC SUC KER to your portfolio!
They are all up!!!
pbr – if we are in a recovery demand for oil down the road will be greater…get long and stay long..,.regardless of the selloffs…they come and go.. long term were going much higher.
Rock out with yer cock out.
Jam out with yer clam out… for the ladies
I’m dedicating tonight’s rendition of Bombtrack to Cairo.
A curfew in Egypt?
US citizens advised not to travel to Egypt?
Not good. The Steve family was planning on a trip to Egypt and we were going to throw matzoh down from the top of he pyramids.
Forget the Matzoh, just get the Malach HaMoves to visit all the houses without blood on the doorposts…
Going back to the roots to watch The Ten Plagues of Egypt live?
Egypt is used to plagues. this too shall pass. Today is just a convenient excuse for traders to take profits, which I also did today.
Only 14% in cash, but 17% hedged to help protect my profits this month.
Let’s see how the dust settles.
Ever since the Times New Romans replaced the ridiculous WingDings, the place has been never been the same.
Clever.
(??????????????????)
______
Sorry the question marks were supposed to be wingdings, but they didn’t translate.
___
haha, awesome.
Egyptian protestors demand more coffee. Coffee on the rise!
Disclosure: Long coffee
Tonight’s evening attire will be a toga of fine Egyptian cotton. Back to work slaves!
Jake and Scott made excellent market calls, GDP is also less than forecast so Egypt might be a distraction.
Everything’s a distraction. We were stretched and set to fall. All that was needed was the excuse.
No one would give a shamburger if this happened three and a half weeks back.
______
“Might Be” is a diplomatic way of not outshining the master – “48 Laws of Power”
Once you reach the summit of the mountain, how long can you say there with low oxygen and few rations? Back to base camp for support.
I dance as the palaces burn!!!!
LOG
Nice AMZN call, fellow bear T-Moe!
Beers at the Olde Grizzly on me tonight!
___
Much thanks
my record cash position (for me) is making me happy. making me even happier is the discovery of my long lost copy of the “Empire Records” soundtrack.
and these last two posts are making me happy as I envision Ra smiting lowly slaves building pyramids as part of a desert-dune-style stimulus.
And its all reminding me of this girlfriend I had a few years ago who spent all her money on traveling. on trip she made whilst we were hanging was to Greece and Egypt. The Greece part is funnay, I’ll get to it.
She says “checklist do you want to come with me this time? I’m going to Egyp…”
“absolutely not”
lol
She comes back from her trip, and gives me a big speech about how evil Americans are, what with their worrying about money all the time and working all the time. Greece had a much better system, said she. They quit work early and go have dinner as a family at some restaurant for hours, drink some wine, relax, smoke some cigarettes. Their culture emphasizes, she spreached, relaxing, not all this evil American work.
I did not fail to call her up and ask her what she thought of Greek culture last year when they were imploding. And my, oh my, did that call make me laugh, to myself, while speaking like a preachy know it all. hehe
The big question is: did she put out?
Check.
Still, it’s hard to tolerate an ideologue of a bitch. Women are to be gracious, sweet, hospitable, witty, compliant and silent, especially when their mouth is full. Humming or moaning to express great pleasure is allowed, though.
Is that too much for a man to ask?
Check.
There is nothing quite so hilarious as a fool’s good luck, bought FRO on Monday. Now I want to know what happened to all the flame-throwers we used in WW II, Korea and Vietnam. Seem to me they’d be ideal for crowd control and M Brotherhood management. I’m just say’n.
My effing Blackberry doesn’t work on the beach here in Alexandria
Wrong! GDP was perfect. Jake and Scott lost, even though they won.
And I do believe mr gint took the other side of my agq trading, catching an ax to the face in the process.
Wrong, again.
(And you said you sold AGQ this morning)
_______
i did. But I caught lots of points, son.
What I meant is that you still own ZSL.
Yes, but it’s minor pleb money. My major hedges are in my miner stocks, and they are just that, hedges.
DXD, SDS, QID, TWM, etc, are the money makers today.
______
Lot of points, like “19 to 154” lot of points? AGQ was down yesterday, no?
____
Exogenous events take people by surprise and cannot be predicted, unless of course your name is George Bush.
C’mon, exogenous events, pffff! If this happened in the middle of the cycel it would have been ignored.
There’s ALWAYS an excuse to sell. As there’s always one to buy, too.
And I thought you said you sold out all your AGQ this morning?
_______
agreed. Egypt isn’t that big of a deal, the market just needed to flush itself a bit after eating many racks of ribs and no fiber.
Eggsactly.
The hordes in Aegypt are merely Colon Blow for the market.
______
What middle cycle? All made up on your part.
Not middle cycle… middle OF the cycle. It happened at the end, so we are selling off.
Aegypt is just an excuse. We needed a respite, we got one. Riot on.
_________
Somebody tell the rioting attack mummies to stop in time for merger Monday.
nothing about CNBC is more annoying than the token “hot chicks” with crappy accents.
why do they have to have the crappy accents?
Quit yer complaining. Be thankful that they’re hot and not Pelosi/Clinton/Obama dolls.
At least it gives us something nice to look at while all the useless noise is emanating from the flat screen.
Egyptians have clearly planned this whole thing out with extreme amounts of thought and consideration.
tourist economy + vicious riots = absolute victory
Greece, too.
Hopefully the Italians and Spaniards will take note.
____
You must be mad. Egypt is not exactly an excuse. The markets were doing fine until it escalated this morning.
Egypt is the flame to the oiled tenderbox
It’s all predetermined by the cycles … haven’t you been reading my OEW posts Horatio Clawback?
Oh please.
I have been. Spot on so far
eggsactly!
Tony even pegged $1313 as the target for gold and so far the low is $1311 … not bad at all.
I’ll let you know when it’s safe to go all in again … just watch for my Grizzly Adams gravatar to morph into something more refined …
I suggest myself.
Wang dang sweet poontang!
Thnx but aren’t you hanging with The Devil Dog in some cave out in Montana these days waiting for Armageddon?
Devil Dog had a prophesy and headed up to the Bob Marshall wilderness and we haven’t heard from him since. Left me his moderately busty wife and a junked Dodge Viper. I make her pussy burn with the stroke of mah hand. She knows she’s gettin it from me!
PS – look for my new show – Real Housewives of Montana
You got the Viper …. and I thought KCBill did, sporting his new gravatar. So DD overinflated the size of his wife’s bust? Figures … that SOB embellished everything!
She must really be enjoying your bottleneck slide technique as opposed to the caveman like crude and crusty hand of old DD himself …. no doubt.
Party on Ted … nothing like guns and butter!
Top was in thursday. The buying at 3:40 looked like a final orgasim to me on the tape, or more likely a final towel throw by a large short. It always looks fine at the top.
EGYPT was an excuse. I sold my last longs thursday and bought puts BGZ and a few others. This is coming form the guy who was buying longs and spy calls during your VIX crusade.
Gap down monday then maybe a retrace but sell into it.
Time to reinvest in a new govt for Egypt $GOP
Iran vs US
LETS GET READY TO RUMMBLLEE!
Is that Clinton on the mic?
___
Hillary. On a more serious note, its the suez canal at play here. No way we let an unfriendly govt gain that.
Hopefully everything transitions smoothly, aside from people burning Lebrons jersey inside the local magistrates office.
my coke dealer was from egypt! dumped my oil today because over the weekend everyone will come to their senses again and realize the fundamentals are god awful…. i am not going short though.
Speaking of hot chicks on CNBC, who’s jet will be taking Maria home from Davos?
Mine
Hoping you are not using Maria Frogaromo and “hot” in the same declension.
____
My heart can’t take much – I’m in orderly decline.
Yes, she is quite frog-like. Her lips look moist and soft, though….like a frog’s underbelly.
My inverse ETF’s along with OEW doing a nice job of capital preservation ovah heah …. I am down a mere $23 today … $23!
Thnx OEW and QID/SDS/TZA/VXX
TMoe buys FXP
FXI puts for the win.
Anyone have a view on PRXL? – looks like a weekly breakout…
I still believe that gold and silver need to test their 200 day EMA. (been 2 years for gold)
I am using an alternating long/short strategy. For silver I am swapping 10% of my capital between EXK on bullish days and ZSL on bearish. (DUST and GG for gold)
When the 200 day EMA is near I will prepare myself to go all-in favoring EXK, AGQ, and a basket of my preferred gold junior miners.
Rock the Cashbah.
So Egypt shut down the internet… desktops, laptops, cell phones… it all went dark.
Except satellite phones. Is this a reason to look at investing in such providers? Ask yourself.
Makes one wonder what Obama wants an internet “kill switch” for doesn’t it.
link that one please
Bill Would Give President “Emergency Control” of the Internet
Ominous, no?
______
My thanks to you, Senator.
One of the reasons I like having a little extra food, guns, and gold/silver kicking around. And I’m not even in the States. Hard to access your funds if they are all online. Tinfoil hat comments may now commence.
My gut tells me this is not a tinfoil hat event.
I’m paid for by the central bankers, I’m proud of it, and I make love to communism like there’s no tomorrow.
You sir, are a tinfoil eating lunatic.
Speaking with a business acquaintance who is a small aircraft and helicopter pilot last week;
We were talking about world events and the status of the economy here in Michigan as well as on a more macro scale and he dropped this tidbit of info. Homeland security has been in direct contact with him regarding the possible need for surveillance flights this summer. He was told they are expecting the possibility of unrest right here in the good ole USA.
Color me cocked, locked and ready to rock.
I’m down for that action. Bring it, dirtbags.
Learn to stick your dick in the Luciferian commi cornhole, or be prepared to be burned at the stake by your neighborhood communitarian eco-Nazis.
lol net neutrality.
Here’s what it will look like just so you recognize it when it happens to you.
http://news.cnet.com/8301-31921_3-20029862-281.html?tag=mncol;txt
Added a hedge via some CRU just is case the Suez does shut down ….
There goes CRU now!
Anyone hear the Al Jazeera report the tear/smoke gas has MADE IN USA printed on it?
perhaps there is some publicly traded companies one would be able to buy as to profit from these unfortunate events
riot gear ect
ALS corporation makes those canisters
That’s the same place where I buy my flashbangs
By the way, before the ATF freaks out
Those flashbangs are only used for legitimate hunting applications. Just like my anti-tank Rifle (which is only used for Deer Hunting)
http://www.anzioironworks.com/MAG-FED-20MM-RIFLE.htm
The range allows you to hunt Deer in Indiana, while sitting in Illinois.
Flashbangs, frags, puff some smoke, get the AUG with the reticle scope, and don’t forget to call in the napalm strike if all else fails.
And when it does, all you’ll need is some pepper and salt – until the English outlaw that, too.
BRAAAAAAAAAAAAAAAAAAAAAAAAAAAAAGHI’MTAKINGYORKAGAINONSATURDAYAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA!!!!!!!!!
Real men don’t play call of duty
They play “Hello Kitty Island Adventure”
http://games.multimedia.cx/hello-kitty-island-adventure/
I wonder if those are for sale in Canada too. I kinda doubt it but will definately have a look! I was thinking of getting a 50 cal for deer hunting. But now that I’ve seen those 20mm tools… I’ve got some homework to do.
Or, Idaho, maybe.
______
You mean buy one states-side, shoot a deer in Alberta from Idaho, then go drive through customs to gut it and get it, leaving the cannon in the US?
Eggsactly.
_____
that thing is absolutely awesome. I want one
6 points, as you took 6 in the opposite direction
bread on the water.
_____
Oh, you two crazy kids.
Reminds me of Warren and me
Egyptian government to step down… Crisis resolved.
Not entirely.
Israel must be freaking out now. This is far from over.
Water on the dog
Say what?
What about the cat in the kettle?
Like getting a dog wet, the reprocussions last longer than you think. (Wet dawgg smell).
Get ready for a militant Egypt. Obama is an idiot
8pm? You out for a ride in the time machine over Greenland headed for the Suez loaded with WMD’s to enhance the value of your silver position?
hmm that’s not a bad idea.
http://www.telegraph.co.uk/news/worldnews/africaandindianocean/egypt/8289686/Egypt-protests-Americas-secret-backing-for-rebel-leaders-behind-uprising.html
What a load of horse shit. I can gaurantee you we did not initiate an event which could lead to the MB establishing itself in Egypt.
Reprimanding someone for taking political prisoners and directly backing a rebellion are two very different thing.
The Bernanke caused a militant egypt via food price inflation.
By letting GS and JPM bid up the price of food futures to levels that no one can afford, outside of Manhattan
Bush threw a grenade into the middle east when he started a war by mistake. Only a complete fucking moron would do what he did, and now this is just the next stage of the instability.
Thank you, Keith Olbermann.
___
(laughter) the man hasn’t been in power for three years, and they still can’t get over it.
Is it remotely possible that maybe the instability of the region is more from a collection of extreme ideologies cultivated by psychotic despots and not anything we did? Bush invading Iraq did not lead to cultural poverty and disgruntled youth in Egypt.
just got caught up to date on today’s events and why my fucking TNA holding went from +$6K to -4K while I was videotaping whales. Fuck Egypt and its idiots! I’m soo sick and tired of these bullshit countries spreading their internal problems around – I mean, SERIOUSLY! Who gives a fuck what happens in Egypt, outside of Egypt?? Geeze…
Average down????
Men-um-un-um!
What chew talkin about mudder fucker!!!
So it is written, so it shall be done!
WTF!!!!!
That’s Pharoah’s line. “So let it be written, so let it be done”. -Yule Brenner.
Fly! What chew doing boy!
Lettin all deese fuckin rif raf fuckin bullshit mudder fuckin cock suckin A holes on your fuckin blogs man!!!
Going short.
The soviet chinese will invade soon. We can’t hope to stop them ,as “iceman” will be leading the air assault.
http://www.telegraph.co.uk/news/worldnews/asia/china/8289768/Chinese-used-Top-Gun-footage-in-broadcast-on-real-air-force-exercise.html
It will be a quite comfortable 76 for the afternoon riots tomorrow. http://www.timeanddate.com/worldclock/city.html?n=53
Full Disclosure: I don’t know shit about Egypt; just a little about human nature and I heard that official unemployment there (Cairo or Egypt? don’t know) is 33% and average pay for the other 77 is $4/day.
These dictators always become a little too greedy. 18 million people in Cairo.
I speculate that the military will stop shooting the rock throwers tomorrow. Then Jordan? Saudi Arabia?
(It’s) Goin Down – (song) http://www.youtube.com/watch?v=qEZXIf_IoEE&feature=related
http://www.youtube.com/watch?v=URb8h4dLKps
Goin Down (original version)
Curious to see how far this all spreads. Supposedly uprisings starting all the wonderful Mid East tourist spots like Syria and Yemen, heard Jordan but no confirmation.
Hopefully ir will spread here and a few thousand CEO’s and millionaires will get bumped off.
What’s up, Rigged? Feeling overly oppressed these days?
Like an Aegyptian peasant who can’t afford to feed his family?
Embarrassing.
___
I bought several 100’s of dollars in stocks on the pullback today!
My balls are long and bullish!
I can walk and talk and fly!
Do anything I try!!!!
That’s the spirit.
Is that a 47.5+ self-disclosure? Long ball sac heh?
Somebody here watches CNBC with the sound on, LOL. Why would anyone do that?
Baahaahaahaahaaa hahaahaaaha ha
I must admit that my primary reasons for watching cnbc are the off chance that Peter Schiff comes on and makes them look even more stupid and my deep seeded urge to make Bartiromo squeal, I don’t know why but I just must know how it sounds.
To all those who say–and I think this is a direct quote–“Who gives a fuck what happens in Egypt”, I suspect the same thing was said in Sarajevo in 1914 when Archduke Ferdinand was assassinated. I mean, who the fuck cares about Serbia? Not like anything that happens there would start a world war or something….
Can we please get an egyptian tabbed blogger up in here!?
I would be more than happy to be the Egyptian blogger. I haven’t had a good job since I was in The Jerk.
The egyptian blogger can’t post because his internet is cutoff. But he wanted me to pass this on for him:
“Wow, I think Ra just burned down the whole country! Would you like to buy some pyramid trinkets? Go long vials of egyptian sand before it’s all radioactive glass! Unrest index through the roof. Camel prices up. Speculative play on camel cooling technology incorporated CCT. Something about Allah. Bullish on Hathor. Something about Astarte and Isis mudwrestling in cow shit.”
Fly shrugs a lot of bullshit off and has been rewarded in one of the most amazing tapes in history. So why the fuck would Egypt be a problem?
The US sends $1.5b per year to Egypt. $1.3b of that is military aid. Money being sent to a piece of shit dictator who keeps his people firmly under his boot. A full 40% of the population lives on less that $2 per day. Torture, twisted law, and poverty are the way of life in this filthy hole.
We have built them a modern military – perhaps the best in the region – complete with US fighter jets, copters, tanks, warships, anti-aircraft batteries, & spy satellites. Further, our military conducts massive exercises with them on a regular basis.
So WHY do we send the money? WHY did we build their military? The CIA says: “The United States and Egypt enjoy a strong and friendly relationship based on shared mutual interest in Middle East peace and stability, revitalizing the Egyptian economy and strengthening trade relations, and promoting regional security. ”
READ between the lines. We are buying something and it is not “a better life for their people” We could give a fuck about sewer rats in the desert.
>We are buying influence & stability in a volatile region. Mubarak is (was) our bitch. Biden didn’t get the memo that the guy is out so he keeps talking like Mubarak is fucking wonderboy. Obama – he has said fucking nothing; tongue-tied and confused? You could say this shows our gov’t was caught clueless and without a plan or even a coherent statement for this problem that they say they “saw 2 years ago”. But, sadly, that is a whole other issue. Those fuckers are so lost they should be on a milk carton.
>We are also buying open passage through the Suez. Fuck the “will it close” question. How about – “who gets it now”??? About 8% of world sea-transit and almost all of the oil to Europe end up passing through the Suez. Does a new regime add massive fees to move through? Do they allow only transit to/from certain countries? Does it fall into chaos and become too dangerous? The alternative is a dangerous 6000 mile longer South African transit. Add that to the cost of oil and iPads. A secondary problem – but a problem nonetheless.
So who DOES get it now…
The 2 names that come up are sure to make for a wild ride on the crude tape.
The Muslim Brotherhood and Mohamed ElBaradei, a Nobel Peace Prize laureate. Peace prize – that sounds GREAT. Errr, not so much. He is Iran’s dream date.
He says shit like, “We must abandon the unworkable notion that it is morally reprehensible for some countries to pursue weapons of mass destruction, yet morally acceptable for others to rely on them for security – and indeed to continue to refine their capacities and postulate plans for their use.” Just one example btw – there is more…
ElBaradei
http://www.newyorker.com/reporting/2010/04/05/100405fa_fact_hammer
Muslim Brotherhood
http://www.cnn.com/2011/WORLD/africa/01/28/egypt.muslim.brotherhood/index.html
Sure, this could just all go away on Monday but shit like this usually does not get put back into a box and stuffed in the closet like that. I’m no fucking bear but this looks like it could sit on the tape like Donna Simpson http://img2.allvoices.com/thumbs/event/609/480/57152345-donna-simpson.jpg.
And now Al Jazeera says the people of Egypt are protesting the US for backing Mubarak. I’m sure that’ll work out swell for us later.
Nice post. We shall see.
Thanks Retox. Especially for “Those fuckers are so lost they should be on a milk carton.”
I think it is disturbing that you even found a picture of that Simpson lady. Excellent post, though.
So, the credit crash made us all become economic policy experts and now Egypt will make us all foreign policy experts. great…
I get your point.
I should qualify that I have been an oil trader for over 3 years now (a futures trader for 6, equities trader for 20) with an obvious intense interest in this region. I also hold a degree in political science with Soviet & Mid-East focus…
Trust me when I say that problems like our warships not being able to transit the Suez freely like they do now and the Muslim Brotherhood turning the Egyptian relationships with Israel & Iran upside down – those things will be heavy problems and will get priced into oil.
The Economist in its article “Let the scent of jasmine spread (Jan. 20th)” made smart (and timely) observations about events in Tunisia and their consequences for the Middle East:
“Leaders in the rest of the Arab world are nervous—and so they should be. The mobile telephone, satellite television and the internet all have the potential to weaken their capacity for keeping their people in the dark and under their control. The cannier despots know that whispers of dissent among the few can turn into howls of anger among the many—in a Tunisian trice. Across the Maghreb—in Morocco and Algeria to the west and Libya and Egypt to the east—the din of Tunisian protests is reverberating. With its 84m mostly poor and frustrated people, Egypt is the pivot. It is the main ally of the West and a force for moderation in the search for peace between Israel and the Palestinians. If it should implode, the geopolitics of the entire Middle East would be turned upside down.”
Caucasian brokers have put me in worse stuff than some Egyptian’s checking account.
Where is Sahib Bilderbergs Personal Attendant when we need him most?
When you elected Obama, you get this shit. He wants to stay in power longer than the leader of Egypt. And he is willing to change the government in order to do this!
May god help us all.
Well, now that you’ve cleansed Saidin, we should at least be a little better off for the last battle at Shayol Ghul.
I liked those Robert Jordan books. Did the last one ever get finished?
13 is out now. 12-14+ are by another author owing to Jordan’s untimely demise. I read 12 and liked it also. 13 is waiting on my shelf. I must admit that I don’t particularly love the series since about book 4. But curiousity keeps me buying the next one.
Crap…….Just when i thought the series was coming to a conclusion. Wasn;t his daughter going to pen the rest of them?
Brian Sanderson.
http://pragcap.com/kass-golds-decline-is-not-over-yet
Kass makes some sense at link above.
So if people believe oil will rip higher, we should see China drop like a rock which would bring down other commodities…drivng up bond prices, and driving lower stock prices.
As long as the oil companies have the money, oil will always go up…
Give enough money to the right people, you can pretty much get what you want.
We have a corupt government, and they want your money.
Fly, are you sure that it isn’t brokers rather than Egyptians who are overall reprehensible people? Cascadian’s experience is mine also with brokers. The only Egyptian I have known was a guy who was a clerk at the 7-11 store. Seemed like a pleasant enough person to me.
how many lotto tickets have they thrown away for you because after they checked them and said were no good but really were winners you’ll never know about………and with a smile no doubt.
I don’t play the lottery. Chances of winning are so low, it seems to me that the lottery is for people who like to lose money.
I have no reason to think badly of that Egyptian dude, so I’m not going to.
There are plenty of times in life where there is reason to be upset or scared or suspicious of someone. I will rest peacefully until one of those situations comes along. No point in going around paranoid 24/7.
One of my best friends in college was Egyptian… he seemed very principled and noble.
The head of Compass Equity (COMP, I think) is an AEgyptian and a GREAT guy. Smart as a whip and a great party. Most of the ruling class dudes are strong Anglophiles (many schooled in Britain and the US), save for those select few who have gone the nutjob way of the Al Quads.
I liken that small sub-segment to the equivalent of the Bill Ayers and
Patty Hearst types here. Too rich to have a freaking clue outside their own narcissistic, romantic imaginations.
Unfortch, those are the fools with whom we will have to deal if AEgypt falls.
___
Wankers, I will be buying KEYP Keyuan Petrochemicals, Inc at the open on Monday.
http://ir.stockpr.com/keyuanpetrochemicals/company-news/detail/163/keyuan-petrochemicals-starts-construction-on-new-70000-ton-sbs-production-facility-expect-to-generate-110-million-of-sales-in-2012
Snooze or loose
that’s old news … lottery over for now, keep your chino-powder dry
My company has a clique of higher-level managers known as the “Egyptian Mafia”. You won’t find a more corrupt group than these fuckers. Why they are still gainfully employed I have no idea.
AP reports:
The leader of Jordan’s powerful Muslim Brotherhood warned Saturday that unrest in Egypt will spread across the Mideast and Arabs will topple leaders allied with the United States.
Hammam Saeed’s comments were made at a protest outside the Egyptian Embassy in Amman, inspired by massive rallies in neighboring Egypt demanding the downfall of the country’s longtime president, Hosni Mubarak.
About 100 members of the fundamentalist group and activists from other leftist organizations and trade unions chanted “Mubarak, step down” and “the decision is made, the people’s revolt will remain.”
Elsewhere, a separate group of 300 protesters gathered in front of the office of Jordanian Prime Minister Samir Rifai, demanding his ouster. “Rifai, it’s time for you to go,” chanted the group.
Jordan’s protests have been relatively small in size, but they underline a rising tension with Jordan’s King Abdullah II, a key U.S. ally who has been making promises of reform in recent days in an apparent attempt to quell domestic discontent over economic degradation and lack of political freedoms…
Further, from Al Jazeera:
Tunisia remains unstable, Egypt is on the brink, and pro-Western Arab countries such as Jordan and Yemen are now vulnerable to escalating anti-government protests over high unemployment, rising prices and political repression…
In short, perception that this will be systemic and ongoing is getting worse.
Plays: Long RBOB Gasoline, Brent Crude, Light Sweet Crude, Canadian oil producers, & oil tanker stocks
Long CHF (Swissy) against EUR with perhaps a small long USD (DX futures) & short cable (GBP via 6B).
Short heating oil as a hedge against RBOB & CL
Short APA (http://247wallst.com/2011/01/28/how-apache-is-scalped-by-egypts-turmoil-apa/)
Get ready for $5.00 gas this summer. Or more.
N get ready to say DOUBLE DIP if that happens…….I’m just sayin.
Shit. It’s been rather obvious from the start of his presidency that Obama is in way over his head. Shit. Fuck. Shit, fucking dammit!
Banks are going to get smoked next week.
or not
Where is Hank Paulson when you need him?
The Egyptian military now entered Sinai – strictly prohibited by the Sinai Accord with Israel. The move was to “keep order” after local police abandoned the region but this will not be ignored. Police & military personnel only earn about $2-$3 per day – how long will they fight their own?
Many women and hundreds of judges are now joining the movement – bold moves – this is intensifying rather than getting cleaned up.
About the only thing Bush & Obama would agree on is that they want “Democracy in the Middle East”. Why are we caught off guard when the people actually try to usher it in? We’re now ready to cut their funding because the dictator is gone? It would appear that Bush & Obama agreed not on the goal, but to lie about the goal. We just want our bitch back!
So now, Obama watches Al Jazeera to try to find the answer (really!). Great job CIA? Good thing Americans don’t have a fucking clue what any of this means.
Chappelle Show “Black Bush” comes to mind: http://www.comedycentral.com/videos/index.jhtml?videoId=11923&title=black-bush
The problem with expecting doom in the US is that banks and most US companies have little pure exposure at this point.
USD, US treasuries, & gold could be the safe haven plays.
BUT, the case could be made that US equities could experience that effect as well. I’d rather be a buyer of the currency that always lifts on war (oil) than just short the US.
How come the most hilarious Daily News headlines always come out of S.I.?
____
Well, it could have been worse…
http://www.nj.com/news/index.ssf/2011/01/edison_woman_accidentally_runs.html
Oy vey! That IS worse.
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From the guys who brought us “Quantitative Easing Explained” comes the new video – The Bank Bailouts Explained
6 minute vid
http://www.fundmymutualfund.com/2011/01/video-bank-bailouts-explained-by.html
John Boehner challenged Obama to a game of golf. He hasn’t been taken up on the offer. I think he’ll challenge Obama to a tanning contest next.
LOL, no way anyone could win that contest with Boehner.
what a futures tape – get in the fucking funnel!
You are obviously praying for a massive crash. I love your types! I pray for a hundo down on the tape at open and I will buy with furious anger. This is non-event rookie.
Ken, pause the rex-kwon-do DVD and screw your fucking head on straight. This may very well blow over next week, but it is by no means a non-event. As retox said earlier, we have armed the shit out of Egypt. Furthermore, if the new gov’t is even slightly less “business friendly” in terms of tax/trade through Suez, oil is going up.
So your praying for a hundred down? ES?
Seriously, fuckfaces like you may the market work. Short away. I am going to buy and report back to you on Wednesday. You were probably the same dipshits on this site saying it would rain oil on Louisiana. I bought BP’s stock immediately.
Wrong guy bro. I’ve been hella bullish & still own QQQQ’s from 2 years ago – neutralized them with NQ at the open so I can cut those fuckers into your lap tomorrow.
The only thing I’ve been short is nat gas. Hell, I even thought that had a damn shot when I saw it basing and breaking out before it got dumped last Monday.
I dumped my EUR/USD long on Friday & went short, got long in oil again when it didn’t die, and got long RB into the open tonight.
So yeah – buy this shit 100 down – I’ll be laughing my ass off when you pump your fucking money into my account at the Chevron station next week.
Don’t worry – just drive slower, roll your windows up, and turn the heater off – you’ll get more miles and hey, if you wear mittens, you’ll hardly feel the bitter chill.
Fuck it, looks like we are going green now. Oh well, back to the grind to 13000.
Never said a fucking word about SPX/DJX other than this morning at 10:51am:
“USD, US treasuries, & gold could be the safe haven plays.
BUT, the case could be made that US equities could experience that effect as well. I’d rather be a buyer of the currency that always lifts on war (oil) than just short the US.”
So, keep running your bucket…
You have to love the scary music on CNBC… I’m shaking!
Still don’t see how a protest in Egypt will bring down the world. The Egyptian army is trained and equiped by the US and is under our direct control so there is no security threat to the Suez canal. Besides, we already have boots on the ground. DOW will resume it’s march toward 12500….
You are kidding right? Either that or you are a fucking idiot.
You’re weird.