For today’s market session, I hired three violinists to play the shit that was playing in the Titanic movie, in order to set the mood. I am drinking brandy, ignoring EVERYTHING Mrs. Fly says to me. It’s as if she isn’t there, a ghost of sorts.
Early going, my losses stand at just 4% intra-day. I said “only” because I expect a great deal to come. However, the problem with selling anything right now is it goes against what my urinal shadows are telling me. So you know, the urinal shadow in the butlers uniform is a NET BUYER of stocks here.
Let’s put something on the table, shall we? Ben Bernanke is a fucktard. As such, I removed his iBC cocaine theme. He does not deserve it.
Hey, as the price of crude collapses, fucking hedge fund managers with vigor, jet fuel prices will drop. With that, airlines make money money. As logic dictates, profits will rise and the stocks will soar. HOWEVER, I am assuming people will still fly inside of airplanes. That’s the rub!
The market is singing beautiful tunes today. It is the songs of horror and desperation, designed by the devil himself. “The Fly” welcomes the end of the global banking system, so that he may begin his life of crime.
Oooooh, as my violinists go into diminuendo, the market is rallying. I need some fucking opera singers in here.
Developing…
[youtube:http://www.youtube.com/watch?v=-lwAc5UDdL8 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
May I suggest you add some rolling tympani?
May I suggest this song and video for today http://www.youtube.com/watch?v=TWfph3iNC-k&feature=related
Do the Hugh!
Indeud
The bernanek needs this to main line the coke later.
The bottom line is “deflation” with crude where it was, equities at 1200ish it wasnt going to happen.
now hes setting the stage to unleash the hounds.
Its a matter of time.
Who dares trade BAC? Support held this morning at Aug. low of 6.01
FKIN FIRST babe-uh. The ‘FLY’ will RULE the underworld like a master arch criminal in Batman!
No more tickets for inside of the plane for coach. They will be given leather belts to strap themselves to the wings and fuselage ala “Flight of the Phoenix”. The excess airplane inventory will be rolled into reynolds wrap and sold at inflated prices to homeless men to wrap their charity potatoes, so they can cook them next to fires of flaming barrels of garbage.
Berrrrilliant Yogi!
Damn! NOT first 🙁
I hope all the bearshitters skin melt off from the 3rd degree burns I inflict on them from my $25 dominican cigar. Fuck the banks, play the name.
Adding to LCC today?
I am simply listening to the violins. No buying or selling.
Finality.
They will fill the opening gap and then the ship will break in two and we’ll close at the spring 2009 lows all in a days work
Rick Ross ain’t got nothing on Wagner. This is a Ride of the Valkyries day. I might put on my Sgt. Kilgore hat and surf the Rockaways whilst teenagers throw m-80’s at me in the ocean.
I still can’t believe they would let everything crap out so bad right before end of the month statements go out.
OHHHHHHH, only down 2.7% now
I too feel solace as well with market only down 290 instead of 350…
Nevermind…distress overtaking solace.
This is the bottom. Buying everything with 2 hands Long TNA FAS AGQ DGP.
Are you sucking your own cock too?
indeed he is, his is longer than hos buddy Johnny Holmes …
after yesterday and this morning, my good tuxedo was a mess and needs to go to the dry cleaner, so i took it off.
now, i can’t decide if i should sit here in my whities, wear shorts, or put on my mardi gras outfit.
Easy choice, put on your Jos A Bank After6 suit with a pink cummerbund and black and white spectators.
still sitting in my whities. i did put on a shirt from rue21 though.
“The Fed is putting the entire financial system at risk because by swapping long-term debt to short-term, they are increasing the volatility destabilizing the economy further.”
>>“The Fly” welcomes the end of the global banking system, so that he may begin his life of crime.<<
Lol!
Retest has held…watch the Transports and turn off the panicked voices you hear.
Wonder how much of GS’s Global Alpha has been liquidating this week
FLASHBACK:
Samsonite on European bailout
http://youtu.be/RqQ4DO8b3CY
lol
{sigh}
We really need more cartoons.
Buy god damn it!!!
Fly you sound so spooked out that you would have to use a pick to comb your hair.
Best tweet of the day so far, from Jon Najarian, “Clif Bars will turn your ass into a Keurig machine.”
Or….Cliff bars will make you wish you had two assholes…
Runnerup?
Maybe I’ll tweet how pissed off I am about this market because I had planned for my almost 1 milly book to be used for my gigundo Irish wake and funeral organized to last 3 days and 4 nights.
How about some Homosexual (not that there is anything wrong with that)opera singers?
You know-sashaying in and out of the market.
Just pawned my ivory tipped cane (holding onto tuxedo). Preparing for world’s end ‘Gangs of New York’ style by picking up some sweet medieval weapons.
Can I be in charge of ridding the subways of vermin (both animal and human types)?
The market is in serious panic mode. Key indicators are showing a buy here.
What happened from yesterday to this morn to change?
TYH = easy $
RUT is only down 1.5% vs 2.8 for the Dow and 2.3 for SPX
That could change quickly, don’t cha know.
Bring on the singing fat ladies.
My cataracts just proved useful.
I have GDX (gold miners etf) and VGK (Europe etf) symbols right next to each other.
I just saw .31 and pushed key for VGK (so I thought).
I discovered two minutes later (when I checked my confirmation) that I actually bought GDX @60.31.
Just sold it for 60.60.
It pays to be blind.
so it’s good to be old?
Yes.
It’s the new young.
I hear UBS has an opening, and you sound like their cup of tea.
(laughter)
dude,i can lose that kinda money,no sweat.ubs,pfft
HA!
Thumbs up!
Thumbs up meant for TC:
“It’s the new young”
” I would recommend you panic”
Jump into the deflationary vortex. Only two men will come out unscathed and tap dancing on the face of their enemies:
HUGH HENDRY
HORATIO CLAWHAMMER
Leading indicators came out at up .3.
Can I say something here..
The stats that have come out this month have actually not been that bad and some of them pretty reasonable.
Of course the market is forward looking and all that, but back in June it was forward looking too, but I bet it wasn’t expecting okish numbers in September.
Once again, I agree.
Existing home sales were actually good yesterday because price discovery is currently happening. Prices dropped and purchasing volume picked up rapidly. Supply was drawn down too in spite of the effects of Irene, which affected housing starts (note permits which are not affected by weather picked up too). Fed manufacturing surveys (Philly) bounced off of its lows thanks to rebounds in new orders (leading), Empire survey didn’t get alot worse, exports bounced too for GDP deceleration respite, consumer spending is not horrible (driven by autos), ISM manuf and non-manuf are hovering above 50 signaling growth, and jobless claims are not spiraling lower. So basically it’s slower growth but not complete twisted-Earth dystopia.
I think the basic materials stocks will be the financial stocks of ’08-09. Peak to trough in 2011 they are down 70% (coal) while the banks are down 50-60%. I’m keeping them on my radar and think a catalyst could be the passing of the new Obama Jobs Bill, just like in 2009.
American is going down. Obama is the captain and Congress is the crew.
Won’t irritate you with ERY .
Take notice that SDRL and GLNG shareholder
meeting tomorrow in Bermuda . Look for JF
to make some noise .
AAPL traded to precisely $400/sh … and bounced “somewhat” !
Can AAPL hold above that $400/sh level ? (he asked rhetorically)
.
Still holding your TYP?
Where is “BanAlf” ?
Will anyone applaud your courage and conviction now that your call played out? Not holding my breath.
I came into this week 70% short and 30% long (not counting cash). Making money but not in the glorious fashion you would think with a 9% slide in the market. My longs lose 2% for every 1% of the market – ughh. Too high Beta. Frustrating to underperform… oh well.
…still holding ALL shares but very close to taking some off ! fwiw
—
YEP !!!
My lil “groupie” has gone silent for the last 2 days !
Too funny !
.
Alf, I know you don’t read me, but AAPL has major fibo resistance at 404ish, you could see that for the last year or so. Nothing new.
NFLX held up like a king..Ragin’s excellent pick amidst of storm
Endeud.
relentless dry fucking by the market …
Earth to dip buyers, WHERE are you???
China is pissed about tariff increases by Brazil. Poor Jim Rogers sounds like he’s about to stroke out in his asian paradise.
Dave, He sounded like when he is on his exercise bike. That is his exercising voice. Not sure if he is at home, if he was, I bet he probably was still on his bike doing the interview.
Have you asked him about what I said?
He was in a hurry to shut off his TV and PC, which was causing audio interference with the interview.
The Dow daily chart is in a giant sideways channel since start of august.
If we bounce at august support here, next resistance, serious resistance, is not for about 900 dow points above. So, the bears are either about to have a great victory, or get completely steamrolled.
I completely agree !
.
I’m not even joking – 2 months ago I took a decent lump of cash out of the bank and stashed it.
Always good to have cash stashed along with a few firearms and a couple thousand rounds of ammo. They go together like peanut butter and jelly.
Pleeeeezbaleeevit!!
What’s Whitman going to do? Put HP up for sale on eBay? HP, classic model of a broken Board.
FRFHF is holding up. Prem has a large deflationary bet on.
He made a killing in ’08 and seems primed to do it again.
NLY is also green. They will just leverage up a bit and be fine.
If there’s thing that the Egyptian “crisis” taught me, have bricks of cash Dictator-Pharoah style.
Never trust the banks.
They forget to know in ________ we ________.
Ben Franklin’s motto was right: “Mind your (own) biz.”