Forget about the silly european debt crisis and downgrades of US banks by Moody’s. Do you want to know where the real dangers lie? In case you didn’t know, China.
Look at WLT’s earnings warning today. That is unassailable proof that China is slowing down, drastically. As a matter of fact, do not be surprised to hear about a full fledged collapse in their cardboard economy, and soon. Make no mistake, the materials, led by copper, have been warning you of this reality for months now. Admittedly, I was a bit skeptical. However, after today’s evidence through WLT, I am convinced: we are heading for a most heinous economic downturn.
Clam this, clam that.
The Fed can create inflate. Before QE, monthly CPI was at the lowest in recorded history, at 0.6%. One year later, it was north of 2% But if the buyer of last resort (China), goes offline, we’re fucked.
My minimum cash level is 30%, which is exceedingly high. I intend to bank a little coin in my longs, believe it or not, just prior to selling them for mounds of cash.
Gentlemen, I hope you are dressed to the nines, as instructed (tux, white gloves, cane with ivory tip and top hat). The fate of your country, as well as your bullshit portfolios lies in the balance.
Top picks: AG, LCC, VMW
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why are we not down 300 pts ?? with all the downgrade?? Big ben coming with a bomb!!! $load up on $tna
Dead on, as per usual. I’ve been asking anyone who will listen: What’s the best way to play the coming China Man’s collapse?
short LFC
I would think FXP too, no?
Because of my religious beliefs I am not allowed ivory, my cane is topped with a bald eagle skull, don’t judge.
Fuck your bullshit religion.
right on
HPQ Board getting ready to boot Leo Apothekher for not pronouncing his first name correctly …. will continue on with the female CEO fetish.
The slowdown in China and all of the potential inintended consequences will make recent statements by Chinese officials a tad ironic.
so whatever happened to your beloved WNR? haven’t been around for a bit.
sold most of it last week
Don’t have a tux or an ivory tipped cane but I am wearing a ’60s style Nehru jacket (in honor of the twist) and am holding a Ping 4 iron (handy for throwing at the computer).
I look mighty fine if I say so myself.
lol.
Here is Chanos on China if you have not allready seen.
http://www.youtube.com/watch?v=I9k4b77yDMA
Fly, I don’t get your childish statements. Are you telling me the beard will lose?
has anyone noticed that food prices are dropping like a rock……
I don’t look at prices.
A game.
lies, everybody looks at em
OMG we don’t need a stupid Conf Call to tell us about China. I have been SCREAMING that China Shanghai Comp is at 14 month low, THEY had a Black Monday this week. Copper is a Doctor, and after I read thru last months PMI, Copper says we are beyond fucked…but go ahead and go buy AAPL market..just drive me crazy.
Copper may have gotten its Degree in the Canary Islands Degree Mills..but still a Doctor…lol.
Stick a dick in your mouth and shut the fuck up.
Long may my bullshit portfolio prosper.
China, exactly. Now THAT will be deflationary for commodities and everything else in turn.
I’m just a pimp so I had to go with pearl and not ivory .. sorry
Time to do the Hugh!!!
Hugh has been all over China slow down
Get in the funnel!!!
Fuck yes I’ve been all over that shit, like Oprah on a ham. Did you see my video in China?
The is the era of “doing the Hugh”. Kids are even doing it in clubs now.
These fucking white gloves are getting in the way of snaking out the drain.
If China heads into the abyss why would the seriously impact the US. US exports may fall a little, however the US internal market is really what counts the most.
China isn’t the swing economy, the US is. Commods get cheaper too.
The Chinese have no option other than to buy US bonds as they are on a fixed exchange rate.
They can of course sell their dollars they accumulate, but someone ends up as a buyer of us Dollars.
The rates for one year notes in China are unbelievable at >6% and India at >9%. The credit conditions are particularly heinous towards the borrowers too. Further, the US govt wants to increase the value of the yuan.
Nobody take this too seriously. The Fly will be bullish again in two days.
He may be, but so what as that’s how traders think.. They need to be flexible at all times. What do you do when circumstances change?
You don’t make a bold statement like “The greater recession is upon you” and then switch to being bullish a few days after. Your post makes no point. There is nothing wrong with trading and being flexible. It’s just comical when you get an overreaction on here which pretty much happens every day with all the amateurs.
Everyday?
Dude have you been watching this fucking market? Every day is a new decade.
Long $GE DOW $NOV $RIG $SLB $WFT $WLT $CWEI $SU and lottery pick $CIE.. Dressed in Levis, Wife Beater and topped off with a tightly cropped mullet. Bud in one hand, 12 gauge cane in the other…
and Madonna-style cone-shaped bra, right?
Just strapped in on during this delay…
Lol!
Has the GOP lost its fucking mind.
“Republicans tell Fed to avoid stimulus”
So they want to cut spending and they don’t want to Fed to stimulate. Great work fellas. That will get us back to the depths in 1932 in no time.
Who the Hell is buying up the eur/usd into the FOMC??????? AND WHY??????
What you should be asking is why is Euro Swiss at 1.2250
Thats easy, Swiss gossip about repegging to 1.2500 yesterday…duh
Not me. 🙂
RICK ROSS ON ANTHONY WEINER: ROFL
http://www.gq.com/entertainment/music/201109/rick-ross-interview-gq-october-2011
This delay just proves Bernanke gets enjoyment screwing with everyone.
every fed day there is a delay.
its because he has to talk first, to give the news.
So Chubby Checka is doing the twist.
Fed announces $400 billion “Operation Twist” — more importantly will reinvest proceeds from maturing mortgage portfolio into new mortgage-backed securities.
So its the Active Twist.. the Clam had the balls to continue to mess things up..but no QE3. Looks like it was priced in. Eur/USD now under 1.3700
Drop in the bucket.. We ARE going DOWN……
500 POINTS DOWN TOMORROW
rally tomorrow.
Do the HUGH!!!!
Get in the funnel BITCHES!!!
Short 10 sp 500 emini right be fore the fed announce yeah baby!!
Teach me how to douggie— i mean HENDRY, Teach me how to HENDRY
Too much gayness in the air.
the band on the titanic, will still play while we panic…lol
WLT’s earnings warning was driven by lower production guidance caused by geological and mining issues so not sure how this relates to China.