With the 20% cash I have left, it is reserved for “buying the blood” only. Although I believe there are absurd values out there right now, like WLT, WNR, FLS, I need reserves for the “holy shit, dude, did you see that”? moment. Having 80% long is enough to participate in today’s reflex, better than expected, jobs report rally.
I am sure the numbers were fudged; but who gives a fuck? We need a little respite, in order to give the incompetents in Europe time to fix their mess over the weekend.
I do not believe we will sell off into strength today. However, I’ve seen crazier shit happen.
One thing is for certain: I am addicted to bailouts. Some of you fuckers were correct in chastising me yesterday for asking for government help. But I hope you understand I am not looking for private sector bailouts. I want those idiots to fix their own sovereign issues. In other words, I want government to bail out government, plus throw in a little QE3 on the side for us for the novelty.
Why do I want QE3?
Because it makes the market go up.
Are you surprised? Don’t be.
I’m not gonna judge this tape until 11am.
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Apocalypses never happen. Wen every1 is talking 1000 point down days for tomorrow (Even the smart guys) that means u buy! I bought a shit load yesterday, u think i really care about ur 500 point down day. That is called buy LOW u idiotic fools!
I’m convinced that men have no idea wat Buy Low , Sell high. It really is simple but most of u are constantly making mental decisions (becuz ur mentally retarded) that are back and forth in nature and forget the big picture. This is the buy of a mutual/ hedge fund for the year. U wont get better prices unless something surprises us today that is completely chaotic, like a disease, or some type alternative energy discovery that wipes out the whole oil industry over night.
r u sellin here?
lol
Nothing is guaranteed. You are taking an irrational point of view. If you are already long, you will participate in this leg up. But to spend all of your cash because “this is it” makes no sense to me.
My cash is reserved for lower prices, because it’s all I have left.
I’m not talking about guarantees or sure things. I’m talking about keeping ur head on straight and knowing the difference of times in the marets. This is a moment of panic but nothing to perpetuate it, unless u think some type of foreseeable bankruptcy is imminent. If not, then buy
if not a revelation ever heard…….come on you can do better than that……..and you do care, pfft, who is bullshitin who here
Maybe if we tried doing what’s right for the country, instead of what’s right for hedge fund managers that need to get a bonus at year-end, we’d be better off???
Just Sayin
we lost r way, but i hope we find it soon
Do what’s right for ALL the monied. 110% tax on income (including munies) above $250K.
And no deductions for ANYTHING
You’re kidding? 110%, really?
The mild post-opening selloff is the result of margin calls. Should be UP 200+ today.
i hope u r right, but…w/ europe its highly unlikely
germany was down big before we opened,if they stay flat,will end up the same.
That she blows! Dow -1000 today!
Do you eat the stuffing of your Christmas Turkey?
No, stuffing fucking sucks!
i like the stuffing.w/gravy
I eat the gizzards. Stuffing is for cake eaters.
Ha. Stop inciting panic. This is horrible.
There is still time to rally.
on what,employment #’s ha.head fake at best today
LNG, more debt, more stock…wtf, dont have a pos
Banks are getting clocked because BAC announced they had 16 billion exposure to Greece Italy and Spain. I presume and the I guess the others will soon too.
ben is gonna tuck all the bad and toxic assets into bac,then bac will be the next lehman.
funny at they said they wanted risk to be spread around so leman doesnt happen again, but look what happened
There is nothing unusual about having risk in Europe, as that is what banks do. They take risk. In fact from what I recall BAC said they had no exposure to Greece as they were covered with CDOs.
My guess is that Citi may have a slightly bigger problem as they are more international. Lets see what they come up with.
The real issue for the US banks is their entire exposure to Europe because they have , I would imagine, large exposure with the prime name banks in there. French banks have something like $200 billion in italy alone.
the hits just keep on comming..
I hear all of u screaming like little girls running for the door on this morning panic. It’s a sad thing to listen to especially wen its followed by ur stop losses getting smacked and ur bank account looking like a crack addict gambling
ur compassion is unmatched, never kick a man when hes down.
R Paul
Normally I am callous as fuck and tease people about their trading. This is not the time to do that. People work hard for their money and they don’t want to lose it inside of 1 short trading week.
Sometimes it’s better to avoid picking bottoms and capture the fatty middle. Most people here have longs and I’d rather see them keep cash on the side, instead of jumping in here ahead of the weekend.
unerstandable, but cash is never safe. Buy GOLD then if u think world governments are coming to an end. Either way u hav eto be something. Cash is the worst asset in history.
Come on. The dollar is strong.
NLY,,,
In any other market I would insult you for saying that; but in this market that may just be the most brilliant suggestion anyone has ever had.
buying hand over fist this morning
this morning? or now, or when/
need to watch cbo put call, that is always, always on my screen–you will see a monster rally sometime in the near future. bought heavily on the dip this morning.
High prof good to see you back here.
You seem to only show up during the momentary big crisis.
Let’s see if this time sticks…
In regards to GSVC, last one out close the door behind you.
ok, I’ve had enough of you.
BANNED
eh, I was waiting to see if he’d put up some sort of guarantee for his -1000 pt belief, such as perhaps sucking his own dick or eating his own ass if it didn’t happen. Banned seems an acceptable alternative.
come on,,,,,,,,,,,
Sentiment is too bearish. Shorts are going to get fucked up
WORDS OF WISDOM _ Individual stock speculation is gambling… hence why many of you are afraid to get long. Big winners always start before the market or way after. Thats why stocks still look scary.
Most people are long. I don’t know if you are talking to us or yourself. Ha!
I’m talking to yesterday’s bears? But o wait, they dissapeared i guess. All posts from here on out are cheers, and handshakes congratulating each other of our wins.
My God, he’s like the part of devildawg’s subconscious that was repressed…
An entity that can know only long…
Ron Paul, feel free to let us know what you are buying and the prints you are getting, mkay?
fly, with this choppy action i can safely say we r going up,,,,,or down,,,
MIB getting crushed again, $/JYP weaker. Tough to rally without those turning around
You know that Chinese food dish called Buddha’s delight?
Well today’s market action should be called Trader’s Delight.
Sell the rips and buy the dips.
more like buysumcocky
may have sold gld too soon, but i expect the dollar to gain, on europe,
ATPG has completely clown raped me this week – from $15 to $9, and I am sitting here like a frozen shit log.
DCA your way in, unless you think their ER will miss next week.