I am back, in a big way, long WNR, just in time for their earnings party. In addition, I bought CVI, FLS, TEX and more VXX puts.
UPDATE: I bought SWK.
Current cash position: 40%.
If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Nov 10, 2007
23,433 Blog Posts
First do I win any schwaag
Vix Puts .. implied volatility kills em..must be otm
more VXX puts?! HAHAHAHA they will go down another 80% , I told u to not buy in august. No matter the deal, the market goes lower. Did u see our GDP numbers. The markets next leg up is wen bernanke announces QE3 or hints at it again, like he is reaching for gun
BANNED for offering financial advice.
if eveybody agrees with ya, u’d have know one to buy from,,just sayin,,lol
I do not require conformity, just respect.
Godfather Quote:
Tom Hagen: Mike, why am I out?
Michael Corleone: You’re not a wartime Consiglieri, Tom. Things may get rough with the moves we’re trying.
Don Corleone: Tom [motion for Tom to sit next to him], I advised Michael. I never thought you were a bad Consiglieri. I thought Santino was a bad Don, rest in peace. Michael has all my confidence as..as do you. But there are reasons why you must have no part nothing in what’s going to happen.
Tom Hagen: Maybe I could help.
Michael Corleone: You’re out, Tom.
YOU’RE OUT, RON…
Hint? Are you crazy, we got that hint this morning in the GDP report…QE3 is now a given.
“we have a debt problem and your solution is more debt?”
I’ve heard that thrown around now and it means shit and is downright misleading/ dangerous.
The difference is between an orderly liquidation or a disorderly one. Making the country retrench 10% of it’s GDP in one year would destroy the US.
The fucking right these days is becoming really fucking incoherent and I reckon the big problem is that we lost Milton Friedman.
Part of the right says to raise interest rates while another part says to liquidate the deficit. Some same do both things at once.
That combination would destroy the US.
If Milt were around, god bless his soul, he would be telling the Fed to do exactly what they are doing , would suggest a methodical fall in the deficit to almost leaving it alone, freezing it here , removing obstacles for business and grow out of it over the next 10 years.
That’s what milt would be saying.
The problem is that no one is around to take his place.
God we miss him.
Get em J. These readers are blue collared meat loaf throwers. They try to tell Senor Tropicana how to make juice. The nerve.
lol
j – Uncle Miltie would not be allowed in today’s GOP. Neither would Ronald Reagan.
Yea, you may be right, Yogi.
But I really think it was Milt that held it all together as each faction listened to him. They may not have agreed but they certainly bowed to him and remained quieter than now.
his stuff is fucking crazy. Ron fucking Paul talking down to Uncle Ben about economics. Fuck me. Wanting close the Fed. Impose a gold standard.
Someone should tell the fucker to get back to tendering cows in Texas or whatever he did down there in between patient visits. he’s a fucking doctor, not an economist.
The deficit is a big problem in the long term, as the debt at 65% is high obviously but certainly manageable. Even Ryan’s plan would be very gentle with the front years while hammering the stuff in the forward years.
It’s been so long since anybody listened to anybody else in government that I can hardly remember it. All Congress does is throw hot slices of pizza at each other all day long.
I like this.
I am a conservatard but Ron Paul is a full on extremist and should stick to raking leaves.
He’s fairly centrist compared to me. And I don’t consider myself an endpoint.
Fiscally speaking. I’m socially liberal.
Milt’s advice in South America was “stop overspending yesterday”. He would say the same here and now.
well played Fly.
Was that you buying “cockblocks?” 100K WNR shares being snagged like a Southern man in overalls taking down shrimp and grits.
Fucking A, shrimp and grits! My fav.
For those of you in precious metals. Time to bail on your swing trades. Next week is going to be explosive!
Blah blah blah I told you to buy AAPL and watch it go to a #1000. In the meantime I will go shomping.
World markets have barely moved this week, while we have been panicking?
So why do we worry about Greece/Spain/Italy/Hang Seng???
The economy of Greece is roughly equal to the economy of Washington (state that is). If Washington state defaulted would it affect the world? This is the reason I never bought in to the whole Greece crisis from the beginning. I agree. Why have we been panicking?
Yeah but how many international banks own Washington St. paper? All connected. Haircuts
Bot XIV, prepared for said winship. The VIX is going to get demolished next week. Fly is gonna make out like a bandit.
Nicely done, sir. I missed my chance to short into yesterday’s close in order to capture this morning’s washout.
I think you might be right that we go higher, but I’m not willing to put my chips down just yet. Another day of sitting on my hands, it appears.
Watch for the Friday afternoon rally…last day of month…fund managers are going to want to jam this market.
Or there could be massive selling as folks don’t want to hold thru a weekend when so much stupidity could occur. Who the hell knows? Might be some of each as the afternoon unfolds.
Most of u on this comment board have way to much time on your hands quoting movies and S*t. seriously go get a job and produce for society.
And you DON”T have too much time on your hands, LOL?
I’m 26 and just got finished golfing with my 25 year old woman. How does that make you feel Ron Paul?
back to your cubicle.
Fly’s posts and the collective’s comments are what gets me through my day at the office… without sticking a pencil through my eye.
i hate when i do that,
Your nuts Fly but you make money so it may work.
I think this could be a “sell the news” event because whatever they pass wont solve the problem.
Europe is also on the brink. Treasury rally is all money flocking in from overseas.
That robot of yours is pretty accurate so I can’t say much. However, I will take the other side of the trade on this one.
Credit downgrade is immenent once this piece of crap passes.
The debt ceiling is such an antiquated mechanism. Raising the debt ceiling does not mean you increase debt. You increase debt by spending more than revenue. Not raising the debt ceiling is literally setting your house on fire and saying nothing will happen. If you don’t think people are already scared, take a look at the withdraw rate in the money market over the past week. The real debate should be how to decrease spending and get the economy going rather than arguing about something so meaningless as whether to raise the debt ceiling.
Debt is a problem, but it isn’t as drastic as what is going on in Japan, Greece, and some other nations. Entitlements should be reformed as well. Current US GDP is around 15 trillion and debt is around 14. US owes around 1.1 of the 14 to China and about .8 to Japan. Neither of them will suddenly liquidate their debt holding, however, that is the argument being made in the news. They will not stop buying US debt either. We owe more to ourselves than anyone else. It is over 50%. The Fed. reserve easily holds twice the debt that China does.
True gamblers are forgetting about the stock market and trading on the outcome of the debt ceiling debate.
http://intrade.com/v4/home/
Whats in store for shorts monday: http://www.youtube.com/watch?v=gdcTXAGD_0k
Not that I am questioning your stance on the market, as I am long XIV myself, but after reading your blog post entitled “There Will Be More Than Blood. There Will Be Recession” you seem to have reversed completely in a short span of time. Would you be so kind as to elaborate on your thinking, good sir?
Buy Polar.
I believe his claim that there will be a recession is still valid. He is positioning himself for a short term swing trade and will exit these positions quite quickly.
I figured as much… was just looking to see what is going on inside our Oracle’s juicy melon
it is not first time FLY has 180 degree U-turn, not the last time. Myself is wondering.
so if congress gets a deal together, you would still think the same as u do now? i change my mind by the min, and sometimes my underware too..
no doubt, sometimes swamp-ass will do that to you
as I said earlier, raise debt ceiling has nothing to do default. US will not default. Nor it will cut spending that much. It’s merely 200B a year. Given the annual deficit, it’s nothing. Nevertheless it’s back loaded.
can anyone imagine there is a compromise before the deadline? It seems the deadlock is the time to have this very same fight again: before or after election.
buy polar, whats the tickr..lol
I support the Tea Party. Went to D.C. for the big protest. Supported the local protests and was involved during the Nov 2010 elections. But dammit, *some* amount of compromise has to be met. I have no illusion that Boehner’s plan is worth a shit. But man, you gotta take a victory where you can. I actually feel like Boehner, Pence, Issa, Ryan, etc., are doing the best they can in a fucked up political cesspool. Take the victory today and work to get another one down the road.
BTW- If it wasn’t for the Tea Party we wouldn’t be having this conversation. They would have raised the debt limit with no strings and just kept on spending, probably adding taxes and driving us down the socialist road. But some of these reps have got to not be so rigid. It’s a long fight. We don’t have to win it today.
And the BBA? Possibly a bad idea. Want mandatory tax increases? There you go.
You’re an idiot