Bank stocks are dropping again, as the ghosts of Jimmy Cayne and Dick Fuld haunt the minds of perverted speculators. Just a short while ago, banks were deemed to be “uninvestable.” Now they are all the rage at metrosexual NYC house parties.
When it comes to the banks, all you need to monitor are the shares of MS. They are at the epicenter of all that is wrong with society. When it comes to white shoe firms on Wall Street, no one holds a candle to Goldman. In the event something BIG occurs on Wall Street, you will see it first in the retarded second fiddle shares of MS.
Ahead of the GRPN ipo, shares of GSVC are holding firm. Look at the volume of GSVC and ask yourself, “do the unwashed know about this company?” Without a doubt, the answer is no.
With the dollar and treasuries spiking and commodities getting plugged, I am holding off on any new buys, aside from degenerate Chinese accounting dice-rolls.
Additionally, I still have about 10% downside exposure via VXX and short EXH. I will close out these positions if The PPT flags OVERSOLD.
Parting advice: stay the fuck out of those zombie banks. They’ll eat your brains out and send you packing to Zucotti park.
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Lol Gint.
with the media noting the birth of the 7 human that makes 7 billion (I trust govy stats – I’m sure they can’t be off by another billion or so), you’d think the ferts would be celebrating … nope
Tidbit here purloined from a widely distributed email by an unfamiliar source:
General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year. but paid no taxes-the same company that employs more people overseas than it does in the united States.
So let me get this straight. President Obama appointed GE Chairman Jeff Immelt
to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs.
If this doesn’t show you the total lack of leadership of this President, I don’t know what does. Please pass this information to others and think about it
before you buy a GE product.
This has been verified on Snopes.
Certainly. I will insist on only Rolls Royce engines for my private fleet of Lears.
Wow. Don’t know what else to say but, “Wow.” Plain sad what’s happening to the US from the top to the bottom.
GE is actually creating more jobs in the US by moving their x-ray HQ to China. Believe it! MF Global owes $ to CNBC too.
Yeah, banks are going down ’cause OWSers are withdrawing their funds on 5 Nov. That’s a haunt, what? Could be if they turned into this guy: http://tinyurl.com/6ke6opw. I prefer watching BAC but that’s an entirely different discussion.
Still pissed at myself for dipping my toes into AEM @ $46+.
How much money do you think the OWS lot have in banks to begin with?
Can’t resist the temptation of buying BAC at 6.66…
AAPL being drawn to $400 …
…like a moth to a flame !
.
This is exactly the reason your name is on a tombstone.
Keep betting against AAPL and lose your house and your iPad.
… I’m actually betting against “Tech” in general via a LONG position in TYP !
AAPL is just something I watch as a sort of “harbinger” ! (as it were)
.
I know about GSVC. Ergo: I am washed.
I just saw the headline that Dreamworks is down because of a movie Puss In Boots that drew less than expected at the movies this weekend.
I didn’t know porno went mainstream now in regular theaters.
… it’s an animated Shrek spinoff ! fwiw
.
starring Fritz the Cat …
Why is TZA lagging??
… can the DOW 30 hold 12K ?
.
nope
Merlin, is that you?
With all respect Fly I have a different opinion. I think GRPN missed the boat when it could have sold to GOOG.
Now GOOG and AMZN have competitive products as part of their portfolio. That just leaves GRPN as a one trick pony without the same leverage as GOOG and AMZN.
I think GRPN is finished in a couple years. For my money I think GOOG is a better diversified Internet play than GSVC, even with valuations / potential. People just don’t get how much of a headstart GOOG has and how they are rolling over competitors.
I agree. Groupon doesnt do anythin incredibly innovative. Lots of competitors are coming at them and they are bringing innovation.
With all inventions you want to be about 4th or 5th, but innovate the hell out of the original: Model-T, Google, Ipod, etc. None of those were first, but they were the first ‘best’.
did you bathe this week?
Ay Ay Ay…
EUR/USD down 300 pips today alone. Sick move.
grpn will soar on open. watch