In order for this country to get “back on good footing,” we need rampant homelessness. People should just leave their homes now and live out in the wilderness, directly adjacent to popular city centers. Panhandling will give you “freedom” and the opportunity to take what is rightfully yours from “the rich”- who are still working for the “corrupt” central government.
All of this bailout shit is getting in the way of true American independence: living off the fat of the land. As discussed by the homeless porn scholars across the blogosphere, there is only one way out of this mess: down.
While some of you remain disillusioned to the world around you, going on decadent vacations in the Caribbean, noshing on beluga caviar, drinking high end wine, and having obnoxious annual dinners at Rouge Tomate, there are grave dangers almost everywhere I look. For example, just yesterday I saw some woman attempting to pay for her Wholefoods groceries with food stamps. Luckily, the cashiers did the “right thing” and had her arrested and deported to a nearby FEMA concentration camp.
In this day and age, there is no future in enterprising or starting businesses, just homelessness. If you bother working, the government is just gonna swipe your checking accounts and spend that shit on elaborate vacations for Michelle Obama anyway. Plus, Greece has so much debt, compounded since the days of Agamemnon, there is really no point in trying to get out of this fucking mess. Let’s just let the Persians and the Chinese conduct land-grabs, while we cry naked in bathtubs filled with powdered milk.
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I think the “powdered milk” is actualy melamine from our sinomasters.
good post. no one wiling to take on entrepreneurial risk with government as your “silent partner”.
God help us all.
I will be far from homeless by buying 100% TZA on Friday at the amazing low price of 40.40
it’s on sale! Therefore, it must be cheap.
Top 10 Post. Fly. Classique-level-Pros!
Top 3 Homeless Locations: Ibiza; Corsica & and Greek island.
No Romania-hating.
IBC Club might find this worth a read: http://bit.ly/q4C2mJ
This little comic interlude marries well with your post, I think.
___________
Poor people need to eat over priced organic, sustainable,no taste, unadulterated by artificial additives, sweeteners, colorings, and preservative,legumes and beans too.
its not only cheap and on sale….he’s saving money….
Fly scribes:
“…living off the fat of the land. As discussed by the homeless porn scholars across the blogosphere,…”
I’m borrowing that as I’m arguing with one such couch squatter at present…..I won’t be able to use it right away as he only has internet time during the wee hours of the night (literally) while on break from his bed-pan changing job…he calls himself a massage therapist…wriggling those pans from under folds of wrinkled ass i guess…..while touting Obama 2012
“homeless porn scholars” – epic Fly phraseology
For the love of God, please eat only coon, squirrel and skunk while homeless in the wilderness.
SAVE THE FURRY CHINCH!!
The Chinch is in my “safe zone,” my brotha!
+++++++++++++++
Forget everything you know about finance and economics. The book is going to be burned and re-written this week.
Europe is staring at the edge of an abyss that makes Lehman look like a drop in a bucket and there are only two ways to address that situation. One, as Dr Fly described can be summed succinctly as DOWN. The only other alternative is to throw away the existing book and invent a new paradigm.
The huge question is, how badly does anyone or any company with a parachute of less than 9 figures survive the free fall?
Heaterman…And I will just play my Lady Gaga and smile. This is a stupid bubble that the global economy made and like all bubbles it is popping. World will survive to make another bubble..it just needs to play out.
BTW..Hello Clam, Yep its me Nymph, Me and the US Dollar still have your Backbone in our hands ala Mortal Kombat. Jackson Hole confirmed you are weak, this week will remove all doubt from these bulls and Dollar Bears.
sorry wrong name above..not sure why it defaulted to that?
Funny, my sign in name has never reverted to a porn site ….
http://youtu.be/v8TD7SaQ5z8
(the crowd squirmed out a snicker)
Marcia, Marcia, Marcia
It defaulted to that because your internet skills suck same as your analysis skills.
Haven’t you been strumming this violin for 3 years now? Granted I’m new to the site, but I gather that you’ve been carrying on that the market should crash ever since you got short, but it hasn’t listened to you. What convinces you that now is different?
Mad Scientist, My bubble thesis of the “Shanghai Copper Bubble” and the” USA following what happens in China” has been an interesting one. Shanghai Comp is at 52 week lows and the LME topped in Feb at 10,000. The Shanghai Copper 3 month is about to break a key support leading into its October holiday. IMHO, what screwed me up so much is Govt Financial Actions, everytime they intervene it just delays the pop. At some point Govts give up. Funny, USA and ROW need a strong China, but China’s Stock Market has been tanking. Also, you don’t strum a violin..maybe a little pizzicato…:-) What makes Fly so great is that he has a good internal feeling for when the Ruling Class will step in to “rescue”, he is amazing at his Accordian playing.
What makes you think the govt would ever just give up?
It’s not so much that government(s) will give up, but rather that the citizens realize that all of governments actions are not making a difference. Confidence in fiat currency expires and everything starts over. Usually after some type of violent global upheaval.
If they know it will crash…then they will stop it temporarly thru more debt.
We don’t have homes up here anymore. Just cardboard boxes. Albany grabbed the rest to pay for public union pensions in NY state. We eat by dumpster diving in the back of the Clinton’s estates. Sometimes the Cuomo compound but they shoot us in the azz with rock salt sometimes. I’m way Bullish cardboard futures. Worst case is I have to take delivery and I’m an instant R/E mogul here.
Signed,
Dumbfukr in Flyover Country
Where’d Dr. S go Gravestone???
Treu that on upstate, but Skidmore College was as polo-idealistic as Cali plastic when I was there August. It’s warmer here, plastic over paper (cardboard) out here.
When it comes to welfare rights, the Supreme Court is well inked in California cities.
I’m sure Franklin and the Albany-Founders (pre-1776) are downing lots of apple cider in Heaven whilst Cuomo kicks it with Humbug-Bloomburg, Rep. Rangle, “the Harlom Clintons” and AG Sprtizers of New York. Haha.
Love and Hate the Empire State (RESPECT, ALWAYZ tho).
Holy fuck! It’s like you invented the English language and then made the stock market move in your favour, just so you had something interesting to write about.
Your comedy is quite amusing but (and I think you know this) the truth in it is frightening.
a few examples:
House in carlsbad, ca that sold for $1,320,000 in 2006 (brand new) just closed on a short sale for $810,000 (wells fargo). This is an extreme example but won’t be come this time next year.
Condo in carsbad, ca that sold for $310,000 in 2003 just closed for $225,000.
House in rancho santa fe california that sold for $8,000,000 in 2004 just went under short sale contract for less than $4M.
By this time next year real estate prices will be 10-35% lower.
Sorry to be such a debbie downer but I pound the streets every day after I fling a few emini futures.
Armageddon is coming.
Why the fuck do you think the FED is bailing out Euro Banks as fucktarded Euro traders lose billions with their overlords calling it rogue?
A rogue of shit if you ask me.
Europe is Lehman x10.
I’ll have another cadillac margarita please.
thumbs up.time to buy the hell out of euo,calls to
^ gets it.
fucking moderators 🙂
Guys I next week is going to be blood bath where my TZA drinks your blood get ready to get drained by stock geniuses
And I just closed on house #2 yesterday. What was I thinking?
2 bad not in cash (like most of the “Civilized Property Transactions” the Chinese do [yes that’s verbatim the bags the Chinese investors who sold me lots of Yuan/Renmibi in Atlanta’s airport has tranlated on their “US Land Grab ‘biz'”].
Partial truth, partial insult, I begin to respect the Chinese every day, a little more that we have the politicians of present in Washington.
Go to China and see how the masses live.
We are trying to emulate that here.
Hands of me, mine, and our fetuses…
Try making fun of the Chinese leader’s wife, like the Michelle Obama crack above. See where that gets you.
Form without substance, you must be “from” the west coast, right?
My toothless Jack drinking buddy next to me in his cardboard box told me, over our nightly delicacy of BBQ rat, as he is perusing the internets on his MacBook Pro, while stealing Wifi from the nearby Starbucks, that he’ll be able to retire next week on his naked TZA calls.
“Wha??!?!?”, said my 15 y/o daughter when I read that to her. “That’s stupid” she finished. I ‘splained that it’s sarcasm. Wife said nothing. She loves Michelle O.
“…while we cry naked in bathtubs filled with
powdered milk…”
—
I’m jottin’ that down !!!
THAT IS GOLD !!!
.
Gold INDEUED…The visual is hilarious…
I come for the finance, but stay for the prose.
.
… that is “Lenny Bruce” !!!
… that is “Mort Sahl” !!!
… that is “Bill Hicks” !!!
… that is “thafly” !!!
… That is …
CLASSIC !!!
.
http://caldaro.wordpress.com/2011/09/17/weekend-update-310/
“The first decline was an ABC which took three months and we labeled it Primary wave A. The current probable uptrend should last until October, two months, and retrace between 50% and 62%, in the general markets, of the first decline: Primary wave A. We will label this uptrend Primary B. Next, we should have three Major waves down to complete Primary wave C and end the bear market. This is likely to take either three or six months, which puts us into January or April. Should the decline be a simple one, three months, we’re looking at a low around SPX 1011, the previous Primary wave II. Should it take six months then the likely target will be the SPX 869 area, the previous Major 2 low of Primary I.”
“Thus far we have witnessed a fairly good rally from SPX 1136 to 1220 this Friday. This should be the ‘a’ portion of the abC. When it concludes the ‘b’ portion should drop fairly quickly and sharply. The first one, in this structure, dropped 55 points in only one day. Once the ‘b’ portion concludes we should get another good rally to complete the ‘c’ portion, and it will likely coincide with a belated uptrend confirmation.”
“The daily chart suggests the RSI should get quite overbought before this uptrend ends. Thus far it has only touched overbought a couple of times. This suggests the SPX could make it up to the original targets of the 1261 and/or the 1291 pivots. The OEW 1261 pivot fits right in line with our simple bear market scenario ending in January. An uptrend into the 1261 area would also overlap the Jun11 low of SPX 1258. This activity would certainly confirm the current bear market wave count. This market just needs to continue to chop its way higher for about three more weeks for all this to unfold. With two WROC buy signals, since the SPX 1121 low, this scenario appears quite probable.”
Expect the ‘b’ wave down to commence with another round of disappointment from the Fed on Wed but be prepared for it to be quick but brief (50 spx pts) then transition into the ‘C’ wave up to 1245, 1260 or possibly even 1290. Of course, taking out 1370 would reconfirm the bull market but there’s only a 25% chance of that happening unless …. The Clam ….
KFine gave me NNA on Thursday. Interesting stock. They should just stop paying the dividend, let it fall and then start buying back all the stock and take it private.
EVERYONE STFU
Excuse me, Sir !!!
Could you pass me tha “powdered milk” ???
.
TIA !!!
.
heard you can use it in ramen noodles to
is the milk just powder or water added
Great as always. Keep doing what you do.
Niles hubris guarantees we go up until either he is busted, or reverses long to $TNA.
Mark this post tomorrow, I will be up a quarter million $ by close while you guys are floundering around in a sea of red going while didn’t I buy 100% @ 40.40 on Friday to bank on Mondays bloodbath.
Also am shorting copper now that piece of crap metal is hitting the fan while I run laps around the traders banking on commo bubbles
We don’t need more Homeless. We need Lesshomes.
Homes are for pussies…nothing like a good homeless tune. Enjoy http://www.youtube.com/watch?v=RFz2S8o8_OU&feature=youtube_gdata_player
I’m not looking forward to October. October is traditionally a “fan” month.
And a pile of shit for the ages.
For Socialist, every month is: “a pile of shit for the ages.”
fly please BAN everyone three times .. go watch some football ..its frickin sunday
Or the Rays beat the BoSox again.
180 million payroll vs 40 mill.
Futures getting fd in the a
Nice
Did I just see the DJIA futures open down 125 and the SPX 15 pts?
Maybe they did it on purpose so they don’t have to go to Wall Street on Mon. where the smelly people are camping out.
Well, Fly, looks like you have convinced the John Birchers on your site that you are going to vote for Rick Perry, because he has promised to make all current Social Security recipients, and those who would have become Social Security recipients, homeless.
And to send them dumpster diving for food, since I can’t imagine he would leave the Food Stamp program up and running either.
Perry would just kill a few million off a little quicker than the current plans by this administration.
watch.
If last week is any indication; futures down 3 digits and we open up. Whatever. Just waiting for the Eagles game and Vick spanking his ol’ Falcons.
Chinese & Persian land-grab – how true.
Just saw a hugh commercial building at historic town Manassas VA (where first civil war was fought in 1861)last week with a new Middle-Eastern name.
I relish, cause I found just what I used to be taking a look for. You’ve ended my four day long hunt! God Bless you man. Have a nice day. Bye