I want to go on the record to express my heartfelt wishes and prayers to magical, mystical beings to sap all of the coin from the the purses of my fellow bearshitters wrapped in burlap (DEVILDOG). They’ve certainly earned a place in my dark heart over the years, seeing them make one massively bad call after the next. All of the stuff that you read online, regarding doom and bloody gloom, is not original content. It’s simply the same story, regurgitated, topped with a new headline, and published anew. If my dog had a SEP IRA plan, I wouldn’t let the clam shuckers from Zeroedge, or any other perma bear sites, manage it for him.
NOTE: I do not have a dog.
Israeli and Saudi markets are down sharply. I don’t care about that. There are rumors floating that the ECB will begin massive buying of Spanish and Italian bonds. Should that come to fruition, this market is going to explode to the upside, skull-fucking every single short within a 50 mile radius of me, as well as worldwide, then lighting their craniums on fire. On the contrary, if nothing is done, so are we.
I am not being melodramatic by stating the obvious, am I? Naturally, the S&P downgrade is irrelevant, as it will not affect our borrowing costs. The main issue is Europe. Having said that, we all know how cheap stocks are and how oversold the markets are at this point in time. But we’re not trading on the fundies here. Let’s wait and see what comes out of Europe. And, don’t forget, THE BEARDED CLAM wishes to have a word or two this Tuesday, at the infamous JACKSON HOLE. All sorts of fabulously gay shit might happen this week.
Making money is “awesome and amazing”, as Mrs. Fly likes to say. But it’s not the game plan now. Right now we stay alive, tuck a few guns in our side pockets, and prepare to shoot people in the face.
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Fly,
It seems that Germany and France are expected to bail Spain and Italy, but they both seem reluctantly to do it.
So who else is left in the ECB, with cash, that help can do that?
zzz
France and Germany must get onboard or it’s elevator down for them. Both Germany and France have massive exposure. Should they fail to act, their banks will walk the plank too.
It’s a no brainer.
Additionally, failure on the part of Germany to step up to the plate would murder their export industry as all of Europe plunges into depression.
I agree, but unfortunately, this is the French and the Germans we’re talking about here. These don’t exactly strike me as people who are known for acting rationally.
QEinfinity hasn’t lived in Germany. Maybe DB wants UniCredit taken out, especially since they came over here and scraped HVB off the sidewalk–that was one the most ridiculous buys ever. DB calls the shots ’round here and if Frau Merkel says “Nein, du Wichser,” to to ECB, then no deal until DB says, “Okay.”
Buying time is really the only option and buying time can also be putting it off till everyone’s screaming for more paper. People are none too happy about writing checks to the Greeks, that’s for sure.
I most certainly have not lived in Germany. The way I see it, though, there are 2 rational ways forward for Germany:
1) Keep paying the bills of their shitty neighbors to prevent their currency from being worth as much as Zimbabwe’s
2) Withdraw from the EU and establish their own currency.
The problem is, Germans seem to think there’s an option 3 where they don’t have to foot the bills of the other nations that are on the brink of default, but can still use the Euro as a currency without dire consequences. Option 3 is have Euros (and Gyros) get forcibly shoved up their asses by large well endowed men covered in olive oil.
The Germans will let the Southern Mediterranean countries go belly up and then “repossess” their assets. They will then use the citizens of those countries as labor to compete with the Chinese labor force paying them $1.50 per hour and thereby accomplishing what Hitler failed to do.
Not really. But it’s an interesting concept…….
That would crash German exports. Their currency is held artificially low by PIIGS, Aside: I just saw a sparrow eat a wasp. Back to it: and if they had their own currency, in concert with their vast gold hoard, investment money would flow into Germany at a rate proportional to it leaving the US.
dazydee on my thread had a very excellent answer to your second point, which I hadn’t thought of.
If Germany establishes a new currency, it will instantly become a safe haven, driving them into recession.
Yes, but is easier for the German Fed to bail German banks that every bank in Europe.
I agree that they will participate, but I am not sure they want to share the burden.
My gut feeling is that WE will bail the entire fucking world. Didn’t we lend money to Europe during OUR TARP?
zzz
it’s a coin flip
the only no brainers are the politicians. ECB needs an agreement between 23 people (all with different agendas) to start buying that shit…
we r the shit period, we better start acting like it, nuf said,
I take more of Nigel Farage view of things: The austerity necessary to pay interest on ever-growing debts (largely to Germany) will cause a passionate bitterness which disintegrates the European Union (at some point). The European Union was a bad idea from the start (in terms of benefit to the nations involved). It was a great idea from the perspective of causing chaos and hardship in a gamble toward creation of a NWO (as led by Hulk Hogan ;).
as i remembered it,some of these countries didnt want a eu for fear of what is happening to them now. the eu needs to be broken up,and all these countries need to stand on their own. and haven forbid that they dont get rid of the euro. should be a nice day for pm’s tonight.
u r right thats why england didnt join.
Germany and France come up with at least a partial plan. Then the Clam says we’ll chip in a bit. Finally the Chinese clean up the leftovers on their way to owning the entire world.
I actually enjoy both you, Monsieur Fly, and who I assume you refer to with your DevilDog knickname. I’d never let anyone but you manage my money, though…
Random thought…should the bearded clam announce QE3 this Tues, know in advance that if anyone sees anything that appears to be another mystery missile that it’s just a plane. These things just happen around QE announcements…pure coincidence.
http://www.cbsnews.com/stories/2010/11/10/national/main7041217.shtml
It’s not like China or Russia or anyone with sub launched missiles like that have any problem with us debasing the world’s reserve currency…it’ll just be a plane…
carry on…
Hmmmm… be prepared, not paranoid.
lol, my dog is the plan administrator for my sep ira.and he does a great job,right after his morning poop
I just put my new bumper sticker on. It reads: I heart Central Bankers
can only be bought at bp gas stations
Bank of America also hands them out with each new checking account you open. I got a really nice balloon too.
in the obama healthcare bill,there is a stipulation, that after every doctors’ visit, by law they have to give all patients lollipops before they leave the office, or they dont get paid from uncle sugar. harry reid and nancy will have formed the watchdog group just for that
The Bernanke will start tossing around trills like Joran Dax before the next new moon.
Look to the 100 and 200 weekly SMA on the $SPX for support. This week may start ugly but I think downside is limited here.
Yah that made a lot of difference in 2008 too.
Fly- what’s your current allocation to equities. I know you sold and went to 70% cash, but then I recall reading you went back to 70% equities – which is it currently? Also, what is your current YTD percent gain/loss? Are you still up for the year? With the ECB and/or Fed action, which sector do you see explode upside the highest? CLF, FCX look cheap here. By the way, what do you think of BAC, it’s taken a real shellacking and apparently sells at substantial discount to book value – buy or not? Thanks as always!
Fly, I don’t know if you know, but the reason America was founded was very similar to what happening in Europe right now. After the War there was a lot of war debt floating around that most people thought was worthless (America was essentially bankrupt). Then Alexander Hamilton’s friends went around buying up the debt for pennies on the dollar. Then magically Hamilton started agitating for a centralized government that would assume all the war debts from the various states, and having taxing power to pay these debts down. Of course this made a lot of Ol’ Hamilton’s friends very very rich.
Now when you look at Europe you can be certain there are some very powerful interests loaded to the gills with shitty PIIGS debt. These frog fuckers are pushing as hard as they can to shove a European debt union on Germany because they know their lottery tickets (aka PIIGS debt) will hit jackpot if the Germans are forced to pay for the olive oil drinking faggots down south.
I don’t know whether it’ll happen or not and really I should only care about making money. But it also makes me sick watching productive Germans being asked to take it in the ass from their homo neighbours in Greece, who have a long history of fucking people in the ass (NO HOMO)
My favorite Hugh Hendry quote: “When bad things happen, I make lots of money”
Do the Hugh!
Germany reluctant to bail out x, y, z ?? Are you kidding? With the new EFSF – controlled by Germany – they will do that which they have sought for a couple of centuries, control Europe. Then the hard stuff comes to the soft Southern members (as it truly should). Who do you think should run Europe? Germany sans a Whermacht will be beneficial to the whole system.
On Friday, EU economic affairs commissioner Olli Rehn said officials at the EU Commission, the European Central Bank and the European Financial Stability Facility (EFSF) were “working night and day to put flesh on the bones” of an agreement struck at the July 21 summit.
The summit agreed to flesh out a crisis rescue pot — the 440 billion euro ($A596.21 billion) EFSF — so it could step in to help troubled banks and buy back government bonds on markets, a first step to building something akin to a European version of the International Monetary Fund.
http://news.smh.com.au/breaking-news-business/france-germany-want-euro-deal-implemented-20110808-1ihz0.html
the germans should revolt if their goverment ever bail out greece. shit mayn thats some sick shit taking it up the ass being skull fucked by greece.
imagine germany’s people as a whole will in their lifetime pay for greece’s homo shit.
fuck that..homey dont play… that i would revolt
then again im neither german no greece.
singapore asking for financial refugees….50k entrepreneurship resident entry fee
The German politicians agreed to be part of the euro. It’s like a marriage, for better or for worse. They made a mistake, and now they have to live with the consequences.
Europe will become the second non-continental state!
zzz
Fly, too bad all of your arguements are bull shit.
American economy soes not need a failure in Europe. Our economy has been a worthless, corrupt, POS with actual NEGATIVE GDP growth for the past 30 years.
Europe is a broke POS. The EURO, EU and ECB are a bunch of fucking clowns. Germany will NOT bailout Italy and Spain.
The stupid BULLS like you are the ones that tell same old ponzi story over and over.
All scumbag, parasites, cowards, thieves and traitors in America live in NYC and DC. They are doomed.
Just look at your current longs. EMN, WNR, DECK, CLF and GSVC. You’re going to loose your ass again this week. Really great earnings story call (same old bull shit bull story) on WNR…funny as bull shit.
Our clown duo…benny and timmy are so over. They both deserve to be executed as TRAITORS along with many others in NYC and DC.
My holdings since 7/22 are SMN, FAZ, SHORT CMG. I’ll be buying DZZ at the lows on Tuesday or Wednesday and will be totally 3X SHORT and holding for years.
See you at the REAL bottom. I’ll be rich and you’ll be a broke piece of shit like all you phony, ponzi scheme, bull shit, assholes from NYC deserve.
Do you realize that fluoridation is the most monstrously conceived and dangerous communist plot we have ever had to face?
dont forget the chromium and the dexhalvent
They are sapping and impurifying all of our precious bodily fluids.
aw come on man,dont be that way.
I’m sorry but is it just me that can never take a person seriously that can’t fucking spell LOSE?
I see this shit constantly on the internet and it drives me fucking crazy!
Please read the following you LOOSE fucktards:
loose [lOOs] adj not fastened or pre-packed; not tied up or confined; able to move freely; not tight, not firmly fixed; not close-fitting; careless, inaccurate, vague; dissolute, immoral; not closely woven; flabby; (of bowels) inclined to diarrhoea; l. box stable or van in which an animal can move about; at a l. end uncertain what to do next; unoccupied ~ loose adv in a loose way; play fast and l. behave rashly or unscupulously ~ loose n release; on the l. free from restraint; on a spree; ~ loose v/t untie, undo; release from confinement or constraint, set free; detatch; fire (gun); shoot (arrow); (eccles) absolve.
lose (p/t and p/part lost) [lOOz] v/t and i no longer have; be deprived of by accident or misfortune; mislay, fail to find; fail to get or win; be too late for; be bereaved of; waste; be defeated or beaten; suffer loss, become worse off; fail to hear, see or understand; cause or allow to perish; (of clock or watch) go too slowly; (refl) miss the right path; become absorbed in; l. one’s head become flustered, panic; l. one’s temper grow angry; l. one’s way fail to find the right path; l. out (US) be defeated after a struggle.
Note to devildog and others of his ilk
Failure to correctly spell the word “lose” will result in an immediate and emergency banning. When you post here, bring your A game, else drive home in your bullshit viper sucking your own cock all the way.
Thank you! That’s one of my strongest peeves as well! there/their/they’re is a close second.
it’s and its. Most commonly transposed words in the English language. Even shows up in Supreme Court decisions.
Love it.
Who the hell is DevilDog?
That’s the dog one meets in Hades.
I thought that was cerberus.
I can feel a”fuck you you are banned” coming soon
Welcome back, Devil Doggie.
The fun begins.
You are not the real devildog. Therefore I will not ban you just yet. You are simply an impostor.
On the one hand, that is the exact viper picture DD used to have.
On the other, the real DD would have had to commit suicide for all the 3x inverse bank exposure he had going into 2009.
Is this the real DevilDog? Or did I time-warp back to 2008?
Are you the real Devil Dog that everyone has been talking about for the last two years???? I have heard so much about you….btw I am holding SMN, FAZ, VXX and FXP…been doing that for awhile……………Fly, you said those words again…ahhhhgghhh..can’t wait until that Hole thing is done.
ur a stupid talking bear shitter, who only comes out during gay pride festivals and halloween. Twice a year u have a word, only to get shitted and peed on by the straight wearing society of egomaniacs with deep pockets and ignorance for ur gay pride lifestyle
Citi Battens Down The Hatches, Prepares For Global Risk Offness In A Few Short Hours
http://www.zerohedge.com/news/citi-which-battens-down-hatches-prepares-global-risk-offness
the most used comment from all zh’ers………silver bitchez
http://www.reuters.com/article/2011/08/07/us-crisis-germany-france-text-idUSTRE77621220110807
Joint statement from Germany and France make it sound like it is bond buying time.
Hope is not a trading strategy. Hoping that central banks will bail you out is a recipe for disaster. The days of stimulus and bailouts is long gone. We have retarded Hooveresque Tea Party Austerians in charge now and their goal is to send us back to the financial dark ages. So far the are succeeding.
Succeeding how? It’s not like they made any headway on spending cuts. They merely somewhat constrained the projected spending growth.
they got us downgraded from AAA
That statement is a big fat “stay the course” nothingburger.
That’s not going to satisfy the markets based on what happened last week.
The ECB better come out with a stronger statement.
BTW, the dollar is getting frickin hammered. So much for a non event.
where’s senator ch……we need his opine damn it. he’ll straighten all this poop out. and if he runs for office,i want to be his strategist. cause i can wrap a fish in newsprint……………..
He’s probably demanding physical delivery from the exchange.
Wild Theory:
The 8 guys that run the world along with *their* reptilian urinal shadows agreed to coordinate the debt ceiling “charade” and the S&P downgrade with this pivotal moment in the European debt crisis. The purpose would be to cast near term doubt on the strength of US debt in order to offset the tremendous increase in demand from people fleeing the Eurozone. The aristocrats.
fuckem, let all 8 eat shit cake, with chocolate shit icing. see how they like the taste.
That’s probably a delicacy for them. You know they be drinking that cat-shit coffee. http://articles.nydailynews.com/2010-07-27/local/27070920_1_kopi-luwak-civet-coffee-berries
dude you know that shit has gots to be nasty.
LMAO at “The Aristocrats!” Now I won’t be happy until someone at a major news service manages to insert that into the title of a piece on the EU / ECB.
The EURO is the land of 30 hour weeks and the entire month of August off. All the EURO pols are doing is delay which will make it worse in the end when it becomes too big to delay further. Hey, that’s the same game plan as Geithner and Bernanke and our pols. Watch for a EURO downgrade in the not too distant future.
then i must have been the biggest fool working in excess of 90 plus hrs. a week when the kids were growing up
That’s a scary comment. Euro land is duplicated by our Congress which makes every effort to work even less, think less, accomplish less. The only thing Congress really accomplishes is to make the U.S. look like a pack of raving assholes. Devildog for a Nobel prize in ‘fiction with fact’.
where’s alpha dawg? wondering if he will revisit his play on euo now? thats all i been thinking about for 3 weeks now.
Expect the largest PONZI scam ever known to mankind to be on display this week…..bring it!
Expect Germany to posture and then give in.
Dudes, am asking seriously whether you have considered the Aussie Gorgon Project Invest. Seems a cool place to park small amounts of cash and earn daily interest.
http://www.gorgonprojectinvest.com
WTF
What’s Lagy Guinevere say about all this? I think she’d make a good presidential candidate in 2012 if DD (devildog) accepts the VP nomination.
Run away! Run Away! RUN AWAY!!!!
Does the clown who gave me a thumbs down even know who Lady G. is? I rest my case.
prolly not,but the constant haters are constant
So time has passed and I do feel better. The Icy Hot on the balls have been washed away.
The carnage that went on last week was difficult.
Having a large amount of portfolio, time expiring front month options was stupidity at is finest.
Valuable lessons were learned.
B.W.W.
don’t feel bad bww, i got my cock shomped off on some calls in wnr. shit just happens man
I think it’s nice to have the Dog back. Maybe Timmay will stop by too.
Thanx bro!
So where do all those fuckers that HAVE to be invested in AAA go?
Companies: XOM, ADP, MSFT
Countries: Australia, Canada, France, Germany, Switzerland, Singapore
Maybe this is why France and Germany don’t want to jump head first into the shit?
Thing is, how much in bonds do the above have compared to the amount of US debt that all of a sudden needs to find a new home?
CAD and to a lesser extend XOM are dependent on solid oil prices. Oil prices might not remain robust here.
All of the above, with a special emphasis on Germany, Switzerland, and most importantly: PRECIOUS METALS.
Precious metals in your hand are AAAA.
The illuminati is setting up shop in Germany. Austalia (and Canada) are good spots too
“”The Euro system will intervene very significantly on markets and respond in a significant and cohesive way,”
http://www.reuters.com/article/2011/08/07/idUSL6E7J70ET20110807
STRESS MANAGEMENT TECHNIQUE WHILE THINGS SORT OUT TOMORROW
Picture yourself by a small gurgling stream.
Birds are chirping and singing in the crisp, cool mountain air.
Nothing can bother you here.
No one knows this secret place.
You are in total seclusion from that place called “the world”.
The soothing sound of a gentle waterfall fills the air around you with a cascade of serenity.
The water is crystal clear.
You can easily make out the face of the congress person whose head you are holding under the water.
fuck,i’d give a 100 thumbs up if i could
Nice one heater.
I feel as if thefly has been sucked into the brain of Jim Cramer and the market is never going down.
Thefly taught me Johnny come (pun intended) lately buys aggressively in August while the rich eat caviar on their yachts.
Real trading begins post Labor Day.
Being bullish based upon the assumption of Germany buying back idiot nations bankrupt bonds is weak. And insane. Come back to Planet Earth.
Dollar down and Euro up, rally time?
the day is coming (proceed accordingly) http://www.youtube.com/watch?v=fqEguVav79g&feature=related
ECB statement is the same.
A big fat nothingburger with zero details.
Where’s the beef??
Tomorrow will be interesting.
S&P futes down 30 handles.
Hold on tight!
Update:
The SP US Debt doesn’t matter as fly indicated. In fact:
1) my teeth seem whiter,
2) my stool is more regular
***My Munich, Germany neighbors called me today. They said in broken English (as German is their native language) that they hope the German Republic does bailout every country worldwide. The populace yearn for the days when they can carry 10-trillion marks to the grocery store for a loaf of bread. It is their culture…proper exercise and such.***
MArket not happy:
Dow Jones:
“2148 GMT [Dow Jones] The EUR/USD is at 1.4376, off its early morning highs, after markets were disappointed when the ECB said it will relaunch its government bond-buying program but stopped short of specifying the countries whose sovereign debt it was planning to buy. “It is very, very short on detail. There is nothing new in that package. They haven’t specified whether they are going to buy Italian and Spanish bonds and that what everybody wanted to see,” says Saxo Capital Markets head of FX trading Jeff Halley.”
looks like an event
Stepped in and bought some /ES.
1159 is a real important long support in the /es close by were keeping a eye one fwiw. good luck
Tight stop placed at 1170 to lock in small gains.
Another nail-biter /ES trade, surprise surprise…
Gold $1686. That’s all I need to know. All other information can be discarded….
Hi guys. Have fun on Friday? Just wait until tomorrow. I have a hundred new computers with Intel inside – the hottest latest CPU. It’s going to rock. See you tomorrow.
Trinket is not the bearded clam. Merkel has voters who never wanted the euro in the first place. Fuck the banks , they might as well go down with the middle class , since the middle class is going down one way or the other.
Look on the bright side.. Gas gonna be a lot cheaper after the implosion is over
DOW futures – 295
SPX -31
Naz -55
oh fuck!
all in metals.good luck
Yes.
The above is not the real Devil Dawg.
The real Devil Dawg spells his name “Dawg” and not “Dog.”
The real Devil Dawg knows the difference between “lose” and “loose” as he at least writes as one who has graduated with at least a college degree.
The real Devil Dawg knows how to properly imprecate the Bulls.
The Plaintiff rests Your Honor.
No, after his failed suicide attempt of drinking clorox and cyanide pills he went “full retard short” and robbed a bank to buy more FAZtarded inverse ETFs…
He lost his mind his shit and his shirt but he’s back!!!!
LOL!
Edit: correction he loost his mind
Ah its not him, darn….and heck, I have multi college degrees and still mess up on Lose and Loose…so word blind…
All things considered, down 26.50 on the S&P futures is not all that bad. We were lower than that on Friday at the bottom. I think we could make up some ground before the opening too. This is not as bad as I was expecting.
Wrong. The low from Friday was broken at the open today. You LOSE.
Must be a really stupid fly follower of bull shit to give a thumbs down to a FACT. I’ll be laughing my ass off as you LOSE your stupid herd following ass tomorrow. BUY WNR!
Dev
Two words. Dad’s money. Dude you lost your old man’s money playing faz. You fucking moron.
Totally different situation, but I remember November 2009 when the camel fuckers in Dubai said they might default on their debt. /ES was down something like -50 on the news.
Come on TraCad. Yer is say’n da DivilDawg be from Athens, Ga. You say’n dat dat Divilbulldawg goona chomp dem Gators? DD writes as though he has at least a college degree? WTF you call a college degree? DD writes like he done came from da Bronix or maybe UnivCentralFl. DD does not know the meaning of imprecate. Oops maybe he done been to Haiti.
Your Honor has none.
Good one.
But he could also be from Starkville, MS or New Haven, Ct. (on second thought probably not a Yalie), or Indianapolis (Butler U.).
UCF could be the one though (massive cheating goes on).
http://www.google.com/imgres?imgurl=http://www.bankonyourself.com/wp-content/uploads/Dow-10000-Hat-300×300.jpg&imgrefurl=http://www.bankonyourself.com/dust-off-your-dow-10000-cap-again.html&h=300&w=300&sz=18&tbnid=2C8tTcN1x5HwhM:&tbnh=91&tbnw=91&prev=/search%3Fq%3Ddow%2B10,000%2Bhat%26tbm%3Disch%26tbo%3Du&zoom=1&q=dow+10,000+hat&docid=IEld3Nn5EGm1BM&hl=en&sa=X&ei=zhY_TqXPK4LVgQfV2MT3Bw&ved=0CE0Q9QEwCQ
I got my hat on see u guys at 10,000
BWW
An ad for life insurance written a year ago?
I never sold out so I won’t have to buy back in too late when the market cranks back to the upside this week.
Net gain minimal, but more importantly net losses equally minimal. I stand to gain nothing this week. I’m quite content with that for the moment.
I’ve waiting to execute some pair trades, but it has been impossible this week with the amount of minute by minute ski slope action.
Please do remember that the EXACT SAME FUCKING NUMBER of people are still mindlessly driving their cars to work and consuming oil as they were two weeks ago when it cost them much more. The market has been trying to bake in questionable numbers into the future when the present has continued very much so on its present course.
S&P futures down 24 now. There will be a bounce in the morning. We are way under the lower bollinger band. That is way fucking oversold. I am hoping the bounce in the /ES takes place at 10:00am. I doubt we’ll go positive, but this thing won’t go straight down either.
http://www.kitco.com/charts/livesilver.html
G7 statement is a joke. It looks more and more likely EU will learn their lehman lesson now. All the retail investor will have net loss.
good read @ http://www.thereformedbroker.com/2011/08/07/and-then-all-of-a-sudden/
this is real nice………every morning when i get up the first thing i do is go to “le market centre”, i know how the day will end just by looking at germany. the same way i look at lumber my 2 best tells. and i must say the correlation with germany has been dead on for six months. as has a 3 day lead with lumber.
I think we will see a lot of disappointed people tomorrow. Interpret the previous sentence as you see fit.
Fly! Are you a buyer tomorrow if we get a greater than 2% drop at the open? If so, what will you contemplate adding?
Casteration. Night is long.
where is the moil. hope he cleaned his tools.lol
n u think the market is going up tomarrow? what the fuck r u smokin…
not potent enough.:)
u r right
if we would have put stimulus in the right place maybe, roads bridges, ect… but we didnt,, we r fucked , the world is broke, we need to get back on track…
do what governor dukemajian used to do, GIVE THE MONEY BACK TO THE PEOPLE
Bill Gross just said that, more or less,on Bloomberg…stimulus went to consumption and not making us more competitive. Gross also supported S&P downgrade as showing “spine.” Just reporting…
Anyone know what the limit down is on the S&P futures prior to open?
Is it 50 handles or a percentage?
10% i believe
just researched it- IT’S 5% prior to open then circuit breakers at 10%, 15%, 20%, and 30%
if charley wrangle and others paid there taxes,
you cant go there,or otherwise your a racist
tim gietner,,
fuck u w/ur thumbs down u dont think the tres sec should pay his taxes?
only down 19.50 now. Looking better and better as time goes on. Honestly, I would rather have it down 30 at the open so we can have a monster rally. But all things considered, 19.50 lower ain’t shit!
wait ull get it,
u know what, at leats one of your friends r idoits, if u dont have one its u,,
it will open slightly negative to flat and soon after shorts will get their faces ripped off.
i hope u r right,,i dont think so..
Wrong. Bullshitters are going to get their balls squeezed all week long. Probably drop 1200 to 1800 points on the DOW.
The smart folks will buy pre-market, watch the prices go up and then sell off…
r u 1 of those?
this is not a non event,,,
thinking of making an offer on a house tomorrow …what could possibly go wrong…I am sure housing is on the way back..I will take the antipated equity and buy stocks..let the good times roll.
offer 50% of ask
i bought 2 yrs ago at 50% LESS im still down,, just sayin..
I know taking advice off the Internet is like performing surgery on yourself…but this seems pretty solid http://thehousingbubbleblog.com/?p=6659
Five years from now people will be wishing they bought now.
ok, how do u know? what will the dollar b at?
You make no sense.
By the way, I accidentally hit the thumbs up (I wouldn’t want u to think someone meant it).
5 years ???
I may be dead in 5 years !!!
.
Don’t smoke, take you’re vitamins and say youre prayers… You’ll be fine. Go buy a new home.
funny i think buyin is a good idea, but play hard ball
my bad i sold gld, but im all cash,,,
what the fuck r u guys smokin?
i live to trade another day,
Please stop spamming this site. Thanks
There is now a nice gap in the gold chart. That gap will be filled soon. DZZ and XIV are the plays for tomorrow!
obama sucks
bullish, how about now?
dis
disreguard sorry
DEVILDOG didn’t in his wildest dreams believe the lengths our government would go to to keep the market aloft.
I sat out the rally over the past two years in shear disbelief of the fraud that has been permitted to continue.
You can kick the can down the road, but it gets heavier and heavier.
Fuck the establishment. As for the markets, they will always have their place.
good thought dave me too, but we missed a bunch
hey we have a way out, its natural gas,,,ive posted ive slamed the table, call ur congressmen, what the fuck r we waiting for?
GLNG, Gorgon, LNG, load up. Tomorrow is today.
me tooo
EURUSD has already gaped up.
where’s TMOE?
CLF WNR DECK FCX CVI EMN
What to buy tomorrow on the morning overdone dip!
u r an idiot
ive listened to ur bs, u cant see the move,stop posting
what u got 20c riding on this? i got thousands,,,dont make comments unless u got facts to back it up.
Calm down Captain! No need to insult!
sorry my bad
just tell me why u see it that way?
If you think that the market will never recover and will only continue to collapse than you should probably sell everything and maybe even go short but if you believe that we will improve even if only very slowly than you must add good stocks with good earnings potential when those stocks go on sale!
Tomorrow may not be the bottom but it’s certainly a haircut from a week ago! Does anyone really know when the bottom will be?
I’m not saying add whatever cash you have left, I’m just saying that I will probably add if I see any of the stocks I mentioned above down over another 5%.
I’m a lot like most others here and pretty nervous about how far down we can go but I’ve got to believe that companies with good earnings are a good buy when they are down over 30% in one week.
P.S. As a side note, I have more than 20 cents riding on this market!
ok if europe is chinas best trading partner,(europe is in trouble)) and china is lying, then the emerging mkts r bullshit, we r the deal, but we r weak so where does growth come from? so we cant fire anymore people to make numbers, its all bullshit. i cant see it, show me?
5% 30% ? HOW ABOUT WE WERE OVER BOUGHT FOR A LONG TIME?
BAC, C, what a fuckin deal.
Actually, who fucking cares what happens tomorrow, or this week for that matter? When has August been the golden month to take profits? We are just going back up to where we should be.
The collapse of America’s debt rating doesn’t concern me today. I am holding until September when I may see something more interesting happen.
we r in trouble,,period, there no on down till we get a clear picture,
up or down
Atilla is back! (So we’re likely to bottom tomorrow.)
Gold gone parabolic, over $1,700 an ounce now. What a juicy short that is going to be when it starts to crack.
Yeah, you jump on that shit, junior.
Post haste.
_________
heres my thinkin, if we would of spent thats 2 trillion on rebuilding america, roads bridges ect, we wouldnt have to bail out states, we would collect taxes, housing would satbilize or at least stoped its downward spin,its not a fix, but it would be a start, we cant spend more than we take in,,,if we contintue on this path we will fail, im lookin at my sons america, stop fuckin the future, lets start now,
Who supplies Govie Cheese blocks?
lol, kft?
my dumb ass move was to get out of gld, ahhhhhhhhhhhhhhhh
looks like it’s getting worse. Futs down 31 now. Time for me to go to bed. Tomorrow will be interesting. I say buy the carnage.
I’m a greedy sob still holding my gold like a fucking leprechaun.
Gold shooting randoms in the face… and awaaaaay we go!
___________
Yo Fly…
I read your site daily and have done so for three years. I have subscribed in the past. Now you have this Cronkite character running your news feed. He’s using hie control over your news feed to push his progressive democract communitarian philosophy here. It’s a bit obvious and it’s also offensive. This guy reminds me of the paid-for sock puppets that are proliferating the Intertubes lately, spreading disinformation.
Get rid of this asshole or I am gone from your site forever. Replace him. Not doing so means you agree with him, which is truly fucked.
Thanks,
Taco
Taco likes to wear his mother’s panties.
F— off then already!
going to bed fully expect futures to be green by the time I wake up…..
Well wake the fuck up already, because shit’s gettin’ fierce out here.
well ECB bond buying is getting priced into the market…so far the futures are still red.
I had a great night’s sleep as a PERMABEAR! I’ll bet you stupid flies, bulls and herd following cows did not. Don’t worry because you will all be put permanently to sleep in your slaughter this week. RIP.
Yo, bitch, bitch, bitch, bitch make me rich!
Dev
You lost your old pa’s life savings betting of FAZ . You should not be criticizing anyone here, you loon.
ur an idiot, and know nothing of market operations. Your a fool in costume that only comes out during halloween. Well guess wat, BOOOOOOOOOOOOO cuz the market is about rape u of all ur diginity. Get prepared to get Devil dogged right in ur A$$
Still waiting dumb ass.
You can suck your own small penis, Dev. You were fucking wrong again. there’s no 5% loss you fucking, uneducated moron.
The day is young, your losses are increasing…you’re an idiot. Welcome to the real world.
rick santelli, for prez….
thumbs down, at max? pls tell me how im wrong? the world is in trouble, how can this be fixed? u can put a thumbs down, but explain why
I thumbed down this one not the previous because you’re whining about your karma… plus… i felt like it!!!
p.s. I’m also a hater
i pray for obama every day, but the lack of leadership in congress and the white house, is making me worried.
doesn’t sound like you have much faith in your ability to pray… pray harder
The old “Buffet quote” didn’t work…wonder what’s next on tap.
which one “never lose money” or “be greedy when others are fearful” or “Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We’ll break out of it. It takes time.”
or perhaps
“I am a huge bull on this country. We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”
Wow, I’m sh*t faced happy. this market is giving discount prices for extended period of time. NICE WORK MANIPULATORS
“This morning the NYSE has invoked Rule 48, a rarely-used rule that allows the NYSE to suspend the requirement to disseminate price indications at the open. This makes it easier and faster to open stocks.
Rule 48 is intended to be invoked only in those situations where the potential for extreme market volatility would likely impair floor-wide operations at the exchange by impeding the fair and orderly opening of securities.”
XIV people, get it while it’s hot!
Good info. Thank you, Mr. President.
pickup XIV here. What a steal.
Idiot.
BOT XIV 10.83
Gimme cash, niggaz, I wanna scoop up this market at the open. So fucking unbelievably cheap!
Sleep with one eye open when you slumber
Every little sound just might be thunder
Thunder from the barrel of his gun
http://www.youtube.com/watch?v=I8_M8PjoAxs
How’s that morning dip buying working out for all you FLYSHITTERS and BULLSHITTERS? HAHAHA!!!
headlines will read at the end of the day “Rally skullfucked those in the way to end up 30points
I get a real kick out of all you morons that live in la la land. You’ll be in margin calls all week. You deserve it. HAHAHA!
Well you’d know about being margin called, Dev. Lets recall you stuck your old pa’s life savings in FAZ and got really and truly fucked in the rear end…. or at least he did.
listen to me young man with a fake viper, i been doing this longer than u been awake doing any 1 things repitively. This shit is easy, and you won’t be posting in 2 days once we rally the F8Ck higher. I told u, this shit is easy!
Love it . Kick ’em in the nuts while they are down. Take no prisoners. Take away their peas. Do your business on their front lawns.
Got out of the way at $16.65 on XIV! This is just getting worse and worse.
Idiot. Told ya so. Idiot.
When we said “don’t go chasing waterfalls, we were talking about XIV!
where is Le Fly when we need him
eating a sandwich
I bet he’s getting his very rare occasional once in a blue moon 10+ hours of sleep days
Licking his wounds and repositioning I’m sure.
We have all been there. This market is fucking brutal. The carnage this morning is horrific.
The “Buy the dippers” are repeatedly getting ass fucked. I think many are afraid to pull the trigger which means it’s gonna be hard to get a floor underneath this market.
Confidence is getting crushed.
why have you forsaken us in our hour of need?
what are you “keith Olberman” all of a sudden? what’s with the dramatic language? “forsaken us”. lol
10600,
all cash n holdin
http://original.antiwar.com/justin/2011/08/04/why-is-america-committing-suicide/
tks,
Wonder if we will test another low or whether we are done testing the lows…for today,,or are we just getting started.
lol, thats what i thought thursday,,,
all this talk about swiss franks, i prefer chicago franks w/all the fixins,,,yum
NO WAY! It’s Nathan’s Famous! Doncha got no couth?
do u know how to tell that u r at a gay BBQ? the hotdogs taste like shit!
Most stocks made their lows at about 10:30, and are now hovering about 1% above those lows.
You can’t buy more stock at the low of the day, even though indices are flirting with lows.
Mr. Devildog could put a low in with a few more posts – way oversold – Bernanke QE Infinity will put it in tomorrow if necessary.
maybe not that soon but there will have to be some kind of bounce.
then again, Rome collapsed overnight, so there are some “way oversold” failures to bounce.
“Freedom is never more than one generation away from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.”
Ronald Reagan
If we double dip and government debt explodes and bond holders week new markets (even though that’s impossible without a political structural re-alignment) (new reserve currency or reform or alternative reserve currencies) will they blame the S&P rather than crediting them with the foresight to “get things right” after screwing up?
S&P to be renamed “Poor is standard?
a friend just told me he cant get threw to his broker,,panic seems to be spreading.
THE IRONY HERE… if the S&P downgrades as a “warning” what if the US raises taxes via letting Bush Tax cuts expire. Taxes uo up, more jobs get cut, economy fails to recover, thus escalating the sovereign crisis… LOL
Shu i’ll join in on this long thread too…
I Thought these lyrics would be MOST appropriate at the moment.
BUSTED flat in Baton Rouge, waiting for a train
And I’s feeling nearly as faded as my jeans.
Bobby thumbed a diesel down just before it rained,
It rode us all the way to New Orleans.
I pulled my harpoon out of my dirty red bandanna,
I was playing soft while Bobby sang the blues.
Windshield wipers slapping time, I was holding Bobby’s hand in mine,
We sang every song that driver knew.
Freedom’s just another word for nothing left to lose,
Nothing don’t mean nothing honey if it ain’t free, now now.
And feeling good was easy, Lord, when he sang the blues,
You know feeling good was good enough for me,
Good enough for me and my Bobby McGee.