Vagrancy. That’s the word best used to describe the west today. Forget about the lies of American “exceptionalism.” The old whigs in Europe have managed to denigrate their finances to the point of asking for handouts from the Chinese. All western nations are fat, bloated pigs, suffocated by corrupt bureaucracies.
Since when is everyone entitled to a nice comfortable life?
We all have opinions and derive said beliefs into market positions in order to profit. I take nothing away from those of you who want the charade to continue for the benefit of your portfolios. I am made from the same cloth. However, investments aside, this is devastatingly tragic, seeing once proud nations diminished to nothing more than 1st class subways beggars.
The Chinese will gladly keep the music playing, in order to further fleece the west. Our western leaders have presided over the greatest transfer of wealth, from west to east, in the history of mankind. The only somewhat responsible party, Germany, is being choked into submission, to further denigrate their populace for the benefit of degenerate oyster shuckers in Greece. After this EFSF business is complete, artificial, self induced inflation may return, further expediting the transfer of wealth, from us to the oil barrons in the middle east.
Our leaders say we need “green energy” in order to keep the charade going. If they were serious about helping Americans, they’d permit oil exploration on an unprecedented scale. Instead, they give tax breaks for fucking solar panels that no one can afford. What’s next, windmills on cars?
I’m past the stage of buying into schemes. Therefore, I am protesting this rally through inaction.
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I am putting on those triple inverse ETFs …
thank you Direxion …
Fly is a visionary.
http://prudencepaine.com/wp-content/uploads/2011/04/windmillcar.jpg
LOL – brilliant!
You sound like somebody who has missed huge rally past 2 weeks…the higher it goes the lamer it gets..
Very poignant. Thank you for the mega-theme perspective. Quite sickening, it is.
Fly,
I just saw a news story about government providing $1 billion loans to manufacture electric car companies such as Tesla. The company admits it continues to lose money yet the government is still loaning to the failing company.
Reference Link:
http://www.iwatchnews.org/2011/10/20/7152/energys-risky-1-billion-bet-two-politically-connected-electric-car-builders
That’s really not a problem except to electric car haters. Who have no useful purpose in life.
Electric cars are a farce.
Banned
Liberals are the problem
The reality is, I am somehow who is at all time highs, so fuck off.
Fly,
Can we assume you support Rick Perry for next Prez. of US since his main platform hinges on digging for natural resources in our on backyard instead of leaching off third world ingrates who require us to line up like suckling piglets?
I am from Texas so please be gentle partner.
Rick Perry is a clown in cowboy boots !!!
“Next prez” ?
Surely you jest !
—
Oh … I too am from Texas ! fwiw
.
Sure as shit if I am not warming up to Cain.
Gingrich makes sense and sharp as well but overexposed baggage give Dems too much ammo…perhaps he will be Cain’s VP?
Flat tax or some form looks to finally a possibility.
If they would shuck oysters rather than riot it would help immensly.
Except that at this point, continuing to pursue oil is just another way of keeping the charade going. You want to wait until you’re getting a negative energy return on investment before you switch to renewables? The energy charade underpins the financial charade. Sadly, there are FAR more people who understand the latter than the former.
Seems like somebody big wants this market up. And they or someone else is constantly inventing rumors to be the reasons why it’s up.
After positive rumors are found to be false though, it always stays up. So obviously the rumor was not the reason for it to go up in the first place, or else it would just go back down after the rumor was dismissed.
The question is: Do the Big Playas want the market to stay up? Or are they propping it while they are distributing?
Accumulation and Distribution days in the Nasdaq Composite have been equal in number the last 10 weeks. Accumulation being defined as the Nasdaq going up in price versus the previous day while the volume on the up price day is also greater than the previous day. Distribution the same parameters. So, there’s no way to tell by volume what the institutional money as a crowd is doing. As Todd Harrison would say, it seems to be just a bunch of hedge fund managers standing around in a circle shooting each other.
Just go back to college and get a bunch of degrees.
0bama just opened up our check book again for free student $$.
Looks like Italy wants to throw 5 billion at a 1 trillion dollar problem
http://www.zerohedge.com/news/italy-concedes-full-blown-austerity-raise-retirement-age-65-67-2026
how funny, move up the retirment age by 2 years in 15 years time, Ha HA!! That will certainly help. This shit is too funny
I’m not sure this is the time to bring this up but Fly when are you going to give me “tabbed” blog status?
V.King!
yes, let the brother eat!
“US Market trading independently from Europe”? WTF is Pisani smoking and where can I buy it?
Griffith, Bartiromo, Pisani = 3 Blind Mice !
.
Windmills on cars! Is it feasible!
If you paid attention in 6th grade science you would realize that it is not.
Damn! Sounds like you went onto grade 8!
Tomorrow is ex-div day.
I missed it, what exactly was the point of the “emergency EU summit”?
There is no emergency. just another dog and pony show to keep the masses fooled
When those who have little realize they can vote for politicians who are going to tax those that work so they can live off the workers, and the workers realize it does no good to work since someone else is going to get over half the fruits of their labor, that is the beginning of the end of any nation.
please sir, can I have some mooore?
You must fight to live, on the Planet of the Apes
http://www.youtube.com/watch?v=xyWK0qUfop4&feature=related
You keep saying poor hard working Germany and profligate Greeks, but you do understand that Germany benefits from the Euro more so than any other country via their exports? And who do you think funded the greeks with easy money? Germany and French bankers.
I think you should change “benefits” to “benefited.” Yes the Euro helped German exports as their currency is artificially low, but that doesn’t matter now that you have to pay for other countries retirement and the problem is bigger than what Germany can fund. If Italy or Spain actually start to crumble it wont matter how good German exports are.
if Sapin or Italy crumbles, German exports would tumble, and german’s economy would be in the shitter. another reason they need the Euro to survive.
1970 – US tells the Arabs to buy US debt in exchange for buying all their oil.
2009 – US tells China to buy US debt in exchange for buying Chinese solar power ..
2012 – the music stops ..
All I can say to the bears is, people started shorting NFLX on the way up, at 200.
They were right
200 – 304 was
bs bs bs bs
Agre. Germans would have been better off having to lower their export prices to be competitive, even though they had a higher currency.
I guess Germans got into this figuring they were going to have their cake and eat it too– like everyone else wants to. Have the benefit of the lower currency, without the huge disastrous drawbacks of being in the EU>
My last post was to Leftcoasttrader above.
Thinking about this, if a country is sound financially, they are punished by having their currency go through the roof and thus having their exports be non-competitive.
We are in a world financial system in which no good deed goes unpunished. No wonder the Germans wanted to find a way around that. But there just isn’t any.
Acerbic pro(es) Fly. Scathing! Outstanding.
Most Americans 60+ I speak with agree B. Clinton sold our birthright.
IOW (In Other Words), at least these subway vagrants, of the highest quality, could have had BS middle-man jobs somewhere, instead of non dischargeable student debt.
Detractors try to say it’s “the politicians.”
That’s crass imo. Call out and cull the weak links, especially turncoats.
Anybody seen Bob Rubin lately?
NFLX
AMZN
F
…who’s next?
The stage is being set.
CMG ?
Maybe !!!
.
Played CMG short today at 338 based on double top theory.
Who knows? Interesting market. The leaders are being taken out and shot, while the indexes are being pumped up.
The Euro pigs would rather sell themselves to the Chinese than print. What a bunch of fools.
Chinese still not buying their junk.
True, but only because the deal is not sweet enough yet. The fact that the EU pigs would even consider whoring themselves to the Chinese vs. printing baffles me.
US been whoring for years…rinse repeat for EU
We’ve been sending them fuck you dollars in return through QE.
I’m just say’n………….
Aldous / Avaldsnes may be the undisputed “king” of the North Sea. It can be at least twice as large as anticipated.
Analyst Trond Omdal think Aldous / Avaldsnes may be the undisputed “king” of the North Sea. It can be at least twice as large as anticipated.
Analyst Trond Omdal at Arctic Securities ( they have a very good record this year) says Aldous / Avaldsnes discovery can be over
seven billion barrels of recoverable reserves,that would mean that the discovery is the new “King” of the North Sea with a plateau production rate of 10 percent will be able to produce 1.6 -1.7 million barrels per
day. It is almost the same as Norway’s total oil production.
Aldous / Avaldsnes can be twice as large as the largest discovery on the Norwegian continental shelf: Statfjord.
How many times can they repeat the same damn phrase in one article?
Are they saying this Aldous / Avaldsness field can be a big one? It’s hard to figure out from the above.
Yet, The Fly and others here cheered every time a crappy stock got a 5% bump because the company outsourced another 5,000 jobs to China.
maybe my favorite post ever
A little late Fly, my company has patented
eyeglass mounted mini-windmills that power
an I-Phone wirelessly.
Betcha you stole the idea from the guy who made the original beanie caps with a propeller on top.
DAMN !!!
Tonight’s World Series game called off !
Postponed till Thursday !
I smell a controversy !
.
The only reason it is in St. Louis (home field advantage) is because the NL won an Exhibition Game (All Star) in July.
It ain’t right.
They probably cancelled because Selig knew they would be going up against Survivor and America’s Top Model.
50% chance of rain in St Louis tonight … not even raining there yet as I understand.
—
A guy on Jim Rhome’s ESPN show said he thinks FOX prolly called Selig and said …
“Look, Bud … we don’t want to broadcast a 3 hour rain delay ! Postpone this thing !”
DONE !!!
.
That’s also pretty much what Mike Francesa said on WFAN.
I do listen to Rome sometimes but like to switch between WFAN (NYC), WEEI (Boston), and some local sports stations.
http://radar.weather.gov/radar.php?rid=LSX&product=N0R&overlay=11101111&loop=yes
I don’t see any rain in Quincy, Ill.
Move it there.
I once saw a ball game in Quincy between the Quincy Gems and the Springfield Rifles so I know they have a stadium.
Mr. Fly, I’ve been enjoying fly style vacation in the bahamas. Don’t know how you managed to come back. My family does not want to leave! Probably gained ten pounds in a week. Lots of Europeans have escaped to here this week it looks like!
Government is going to report that the economy expanded 2.8-3+% in the 3Q. Media will def. hype this up!!! We go higher tomorrow.. Lol.. More.. BS
Have you been icing?
Its important to use ice to avoid swelling… Deballing can be a painful procedure.
The last time I said what I thought, the market actually acted as I thought it might. But I’m thinking again (if I should be so bold as to think out loud twice), that I (and I am sure others) see the finnies about to make a nice move as well. Of course, I could be wrong but what the heck, I’ll say what I think anyway.
Great Post Mr. Fly. Well said.
SUUUUUUUU-FREAKING-WHEEEEEEEEEEEEEEEEEEEEEE
Dr,
I assume part 2 coming : Shame on East,
may be next week when Cnina bails out Europe
Bernanke Saves Wall Street Again! :
http://whodoyoutrust.ytmnd.com/
“Our western leaders have presided over the greatest transfer of wealth, from west to east, in the history of mankind. The only somewhat responsible party, Germany, is being choked into submission, to ….. After this EFSF business is complete, artificial, self induced inflation may return, further expediting the transfer of wealth, from us to the oil barrons in the middle east.”
Well put.
Greek restaurants will be serving Moo Goo Gai Pan very soon.
The highest gains on my radar of stocks today was S-tsx, which I fucking sold out of fucking YESTERDAY for my measly 10% gain and put into fucking gold. Gold will have its time I think, but not today.
S doesn’t make it on the radar of the U.S. maybe b/c they deal with Cuba. FYI, they are extremely well run, and production will be massive in the next few years. I still hold some for those next few years should we exit this stinking outhouse.
Fu Surgeon. Lol
Problems going on here.
A Mama Bear and one of her cubs (I live on 3 acres of woods) just tipped over my grill (and 20 lb. propane tank) again (also did it several months ago).
The other bear cub is laying down right outside our bathroom.
They have been here for weeks now. I sent Jake a video of them last week.
It’s time to call the Fish and Wildlife Game people tomorrow.
A bear last year broke into a neighbor’s screen and took a dip in the spa.
Don’t worry about it. In a month they will be curled up under a deadfall somewhere doing what bears do during the winter. Sleep.
Bears have it made.
Bears have it made.
Tell that to the bears that were shorting at $SPX 1100.
Bears are beautiful, majestic and seemingly cuddly creatures …
… until they chase your ass down … rip your face off with a single swipe of their massively clawed paws … then eat you alive like you’re a 4 pound sockeye salmon !!!
Bears gotta eat … and EAT they will !!!
Just sayin’ …
.
Are you stoned Alf?? We are FUCKED..
^^^ what he said
… suck it up, Vegas !!!
Enough with the whining already !
You wanna be SHORT this “Market” … grow a pair !
—
“These Are The Times That Try Men’s Souls !!!”
.
When are they going to present the grand resolution for Europe?? We were promised a solution today.. Anybody??
Nevermind..”There has been no agreement on any Greek deal or a specific ‘haircut,'” said Charles Dallara, director of the Institute of International Finance, which represents banks and private sector investors. “We remain open to a dialogue in search of a voluntary agreement. There is no agreement on any element of a deal.”
Clever. If there’s no actual news to sell, that leaves more rumors, plans and promises to buy-buy-buy!
So I guess you could sum your position up as anti-fiat? I guess then you would be against our magical wealth transfer system known as “security trading”?
“Short term recapitalisation is needed in the current exceptional circumstances to create a temporary buffer allowing the banking system to withstand shocks in a reliable manner. Agreement has been reached that banks should be required, by 30 June 2012, to have 9 % of the highest quality capital. This figure should take into account a marking down for sovereign bond holdings against current market prices (as of 30 September 2011). Banks should raise capital in the first place from private sources, and only if that is not possible, seek support from national governments. If the latter support is not available without creating systemic risks for the Eurozone, the EFSF should provide the loans for recapitalisation.”
This has to be a joke or some attempt at comedy………..right? No one could say this/make these claims with a straight face…….right? This guy is actually a comedian posing as a high musky muck in Euroland….right?
Notice the tacit acknowledgement that “shocks” to the banking system are a foregone conclusion.
Notice he suggests that banks raise funds first from the private sector……..who in their right mind…………?
Notice that he makes the assumption that Euroland will still be here in June of “12”.
I think Fly is missing a major opportunity by rejecting V.King’s offers to be tabbed.
V.King Rules.
Going to be a hell of a rally into next year…
Nymph is awfully quiet today after posting like a methed-out banshee all yesterday.
Stupid bubble.
Fly,
Are you of the opinion that at present the US government is propping up the stock market?
“European leaders are set to ratify an agreement with banks on a 50 percent writedown of Greek debt, said a European official who requested anonymity because the deliberations remained private.”
Guess it’s time to take that major punch to my cock and raise the white flag on TZA I bought at $47..world is saved and we will rally huge now..
When they do a 1 for 5 reverse split… It might get back to 47