Let’s put things into perspective, shall we?
This is a bad tape, but not so bad. For the love of broken blue radios, we’re not even down 10% from the highs. People on the teevee are busy, with their pancaked make up, making you nervous. They are, without a doubt, fucking clowns.
It never feels good being on the receiving end of a murderhole. But what is the probable outcome here? Will the Fed just watch the economy double dip into the oblivion?
I think not.
The Bernanke put is alive and well. We’re going into the Jackson Hole meetings and the economy is in the tank.
Now, if you are short this market, you must be aware of the fact that the government hates you. The stock market is all we have now. It is our #1 export. Despite what your emotions are telling you (OMG WE’RE GONNA CRASH), there is a face ripping rally coming. The world doesn’t end like this, seamlessly without a fight. I am not sticking my head in the sand, ignoring the great and real problems facing the market today. I am simply positioning where the higher probability trades lie.
Remember, just last week everyone was giddy, snorting coke off the asses of gorillas. Now the world is ending?
Fucking drama queens.
If you enjoy the content at iBankCoin, please follow us on Twitter
Indeud. The blue radio is back.
The world is ending, buy puts on civilization
lmao…truly.
Dr. Fly
What are the moves for today?
Sorry, I am too scared to talk.
what stops you from typing?
I’m an internet gangster.
Indeud
Gangster should not be scared, right? We need your brilliant insight. Is PPT working in this situation? I guess yesterday’s reversal stop 8-straight-day loss so we might face another down leg.
question is how much deos BB let the market flush out before he releases the hounds
Monetizing our way back to prosperity….
What, it was working just fine until the fucktards in DC stopped!
Now the doom and gloomers are calling for worst case scenarios. The rhetoric will get worse as we climb higher. Humans are so stupid they can’t even see the obviousness and patterns of past and future behaviors. It’s clear as day
Exactly!
Sold SLF for DAY.
I said we need more cowbell!
I agree with the Fly on a epic rally. The question is what event sparks the robot buying?
QE3
But first, a bad non-farm payroll tomorrow will spur the Fed to action.
In the meantime, insider info from the Clam carousing in Neb
NFP will be so astonishingly higher than expected…I expect random projectile vomiting …stay clear of crowds
This is fun!
… ahh yes … snorting coke off the asses of gorillas !
Those were the good ole days !!!
.
with tea party so keen on fed balance sheet, BB will have hard time for QE3. Let’s face it. QE doesn’t create much jobs and domestic inflation. Now low interest won’t work at all this time. I’m afraid we are looking at JAPAN path now.
Capitulation isn’t in my vocabulary.
It’s a bird, it’s plane, it’s a QE3 hammer reversal candle – hahaha!
Isn’t this the point where some brain dead chartist starts touting some Elliot Retard Wave Theory for the next move higher? We’re on the crest of the third of 6 minor waves and everyone should get long before the tide goes out!
Bring it forth oh charlatans.
-Happy
the ass of a gorilla is not clean enough for me….
rather a gorilla that endlessly grooms itself via other gorillas than a stripper that wakes up from her hungover post gangbang drunken mess late for work and sprays some perfume on her crotch to cover up the filthy, putrid stink of the staten island dump on a hot august day; rushing to the club and making it just in time for your first lap dance of the night. amidoinitrite?
Not too worry about WNR.
It may be flaccid now but I suspect an ED injection as my Broker (IB) just restricted short sales on same.
This sucker is going down.
this problem is cancerous. Even if the Fed does QE, the real fucking problem is that fucking shit-hole called Europe, which the US should have allowed the sovs to mow during the cold war.
The ECB is now the most highly leveraged financial institution in the world with basically less than junk assets. the trouble for the ECB is that no one should trust them because if the Germans pull out who is going to own the crap in the books?
The only solution is for the ECB to go in there and start monetizing in large licks because no matter how much the Fed does the tumor is in Europe for the moment.
Agreed, J. And that is going to create a hell of a problem back here at home, as the dollar stability from spending deals and a divided Fed make U.S. exports totally uncompetitive.
The white man regards the universe as a gigantic machine hurtling through time and space to its final destruction: individuals in it are but tiny organisms with private lives that lead to private deaths: personal power, success and fame are the absolute measures of values, the things to live for. This outlook on life divides the universe into a host of individual little entities which cannot help being in constant conflict thereby hastening the approach of the hour of their final destruction.
-This post grabs itself by the nuts.
yeah, we could all chill a little. Read some NFL free agency news it will take your mind off stuff.
Agreed! And lemme axe yew dis….how many of your elected representatives do you think could understand or explain any NFL team playbook. And do not break my nuts by saying all of them if they have the BUCS playbook. That would call for STFU
This comment is offsides
Such eloquence defining problems but, elementary school achievement test attention to solving problems. Like it, hate it, cast scorn upon it but at least read Doug Kass’ article today.
BTFD! uh…not this dip the next dip…uh…
FLY, the VIX is only at 25 after so many down days. Usually it should be way way up. Does that mean there are more down side? or QE3 is already priced in?
Broken blue radio rally, indeud.
didn’t we have rally yesterday?
yeah…double digit hike followed by….flat boom bang…cya
I am pretty much defeated. I’m not sure who actually won, but it wasn’t me.
Nice call on WNR.
Cheap
Wow, guess I should have added to my TZA positon after all!
Here’s the solution.
Repeal Obamacare and lower the corporate tax rate down to 15%.
Romney 2012
how does having a country that has a schizophrenic tax policy do anyone any good? Yes lower taxes are more favorable to non-government funded jobs, but the job creators will still be worried about taxes rising sometime in the future as in 4 years later. Business plans are usually about the long term. Stability needs to be there first, then low taxes.
Plus, Romney’s the one that basically voted for Obama Care and Rick Perry was Al Gore’s buddy
Romney has said his first act would be to repeal Obamascare on a state-by-state level.
And please look at Canada’s tax policy in the last 10 years. (actually started by a social left P.M.) They have led 9 of 10 years for growth of all the G8 countries.
Obama Doesn’t Work!
and the Conservative Right cut taxes back down….just figured you missed that part by accident
Testie
My point is both parties were smart enough to lower taxes. Even the socialist in saskatchewan.
I hear ya…didn’t want any of these Obamadiehards to get confused
corp like csco will hire ppl in Asian and hide tax from gov. Lower corp tax alone will NOT create new job HERE. We need to close the tax loophole and provide tax relief to small business.
Agreed. On closing tax loopholes.
But if you want jobs here then you have to get the liberal policy makers to stand aside, stop vilifying them and set up an environment for business to thrive in the U.S.
Some liberal hippie black liberation theologian shouldn’t be making policy.
Romney 2012
Don’t you mean Romneycare
Reagan was head of a union and a democrat at one point…Your point? Romney is a politician, not an ideologue. He was the leader of a VERY liberal state. His policies reflect the will of the people there.
Romney 2012
Obama Doesn’t Work!
Microsoft, Google, Apple… (and others) have $ Billions of cash locked up instead of creating jobs, or even using the $ in some way to circulate in the economy. How is lowering tax rates going to help create jobs? Repeal the expenses of maintaining a payroll and you may have more job creation.
Don’t worry bullocks, the inflation will dissolve those savings for them.
head and shoulders pattern means 50% chance we hit target which is 1130.
the expected time is the length of the pattern, which took about 7-8 months to form
^^^^^^ Oh look Mommy I found one! ^^^^^
The dandruff pattern has returned! Everyone quick get out before the stuff falls on the floor!
-Happy
Only I could be giddy on a day like this
$$$$$$$$$
Get your head outta the sand Fly. QE isn’t coming for awhile. It destroyed the economy last go around via devestating inflation and more debt.
Bernanke can’t do shit. If he QE’s then a S&P downgrade to AA is just about a lock and gas will go to $5 a gallon. He’s in a box and there is no way out.
This whole house of cards is coming down.
The devastating inflation is where exactly?
-Happy
No rally yet, if Fly is too scared to talk.
But let us know Dr. Fly when you are throwing up buckets.
Then it will be time to buy.
I have always found vomit to be the perfect indicator for a nice bounce.
Fix the economy:
Eliminate corp taxes.
Get rid of illegals.
Tariffs.
If you can get those 3, then might as well swing for fences and install Fairtax.
Eliminate all taxes, just ‘print’ money.
There is no confidence in government or our “leaders”, that they know what to do, how to do it, when to do it, what policies they want and what they can agree on. We seem to be led by a bunch of stumblebums who are more interested in sparring with each other than anything. That goes for the Euros too.
Just shorted some more 10 year bonds. This thing is gonna plunge 10 points. This is hysteria in bonds, and gold is a healthy bubble that will continue for years. Bonds are to be shorted on spikes