18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
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If consumers are splurging, it’s probably based on credit. My great-grandfather owned many grocery stores up until the great depression. He extended credit to his customers and went bankrupt after they couldn’t pay. Credit card offerings have hit a level not seen since boom times recently.
FCX is going to fill the gap down here around $38.50-40.50, and then run up to $46+ by the end of the year (due to sleazy hedge fund managers and various industrial stock chasers)
Gold vs. Gold Miners in an unsustainable divergence.
They (FTK) had a tremendously bullish operations update last week. FTK’s turnaround is still on track. Just a gut feeling (might be gas) but FTK could be a possible take out candidate. I have no real evidence to back this up other than expect consolidation in the industry to continue, until it doesn’t.
Here’s what’s really incredible. John Carpenter not only made that movie on a shoe string ($350,000 total, and he paid Donald Pleasance $20k), but check this… he actually wrote that score himself!
So, give him the two-fer… not only the scariest movie ever made (IMHO), but also the scariest horror movie music ever composed.
And that’s John Carpenter… from Bowling Green, Kentucky.
Tom Cruise Mapother III and his wife (Tom’s Mom and Dad) were both from L’ville Kaintuck’, which means their son has L’ville blood in him, despite being born in ‘Cuse*.
He also went to St. Xavier High School in Louisville (rival of Trinity, currently ranked #2 in the country in football).
________________
* BTW — Louisville butt-smacked ‘Cuse this past weekend.
OK opening my Bag of Candy, what did I get tonight, KitKat, Tootsie Roll (lame) and what..My first SPINE of the Week, Australia lowered interest rates. And the Final China PMI HSBC came in lower then flash…
It took one day later than I expected, but I still effectively egged Mr. Market’s house on Halloween. Popandreuo then put a flaming bag of shit on his front stoop.
as I was saying Friday… best shorting opportunity EVER….to get long after the most ridiculous rally ever in overbought conditions is beyond me… enjoy the massacre today
Yesterday my prediction was we would have a shitty two days then reverse hard. Giving up the 200d MA was the first part and now today’s action will suck in the rest of the bears.
Let’s see what happens after all the death and carnage today.
Flushing a months worth of gains in a couple of sessions… Priceless.
Then we’ll have more rumors of QE and a bona-fide save the Euro Plan rumor and we go right back up again. There is no way to trade this except getting lucky on timing.
Since everybody’s making predictions, here’s mine: pappa-g will be forced out in the next week and the euro markets will head down another 20%, Sarkozy will lose his shit, berlusconi will blame the Jews for what happens to Italy after Greece defaults, and US bulls will finally realize markets are correlated even with QE3, which will lead to OWS with ultraviolence, real horosho-like.
No idea what happens in China, but if FXI drops 50% this Chinch will be rich.
Wow, fantastic blog format! How lengthy have you been blogging for? you make running a blog look easy. The total glance of your website is great, let alone the content material!
fig dammit
NO … FIGC !
.
“Fox Is George Clooney” !
.
FIAFPBGC.
FLY IS A FOX PLAYED BY GEORGE CLOONEY.
____
… at least he’s not being played by …
Rosemary Clooney !
—
Whatta voice though !!!
Rosemary had tha “chops” !!!
Greatness !!!
.
Rosemary Clooney?
Rosemary Clooney from Maysville Kentucky, you mean?
Alf, you are truly older than the dirt around your tombstone up there.
😉
________________
…older than YOU but,
definitely not as old as you might think !
—
Why the obvious obsession with age, Gint ?
You constantly bring it up as though you are suffering from some sort of “Dorian Gray” complex !
Give it a rest !!!
—
I AM YOUNG !!!
MAYBE EVEN … YOUNGER THAN YOU !!!
.
i like his prose
Because you are constantly bringing up stuff my Mom loves.
You are probably an old fan of WNEW AM in NY.
Oh, and it’s illegal to be here over 47.5 years of age.
__________
LOL
If consumers are splurging, it’s probably based on credit. My great-grandfather owned many grocery stores up until the great depression. He extended credit to his customers and went bankrupt after they couldn’t pay. Credit card offerings have hit a level not seen since boom times recently.
There is a battle of the stock futures going on tonight.
We don’t need a huge gap down tomorrow.
The last hour today kind of revealed who was “swimming naked” (to quote Warren Buffet)
Volatility is the word of the week.
Happy Halloweenie everybody!
come to California and live in a POTENTIAL hole in the ground!
WTF with them passing a state based cap & trade the other day?
Are they just genetically suicidal or are they really that dumb.
________________
and to think “MF was promoted to me by one of the Elite names just a short time ago..”
(no…no one here)
and “no”..I passed due to customer service issues….figured if I couldn’t even get a simple question answered…why bother
Forecast:
FCX is going to fill the gap down here around $38.50-40.50, and then run up to $46+ by the end of the year (due to sleazy hedge fund managers and various industrial stock chasers)
Gold vs. Gold Miners in an unsustainable divergence.
I hope FCX files bankruptcy, MF Global style.
I would be skeptical of the run, but XLB materials is one of my hedges/long
Probably outperforms, especially given world climate and natural disaster trends
Not to digress, but FTK has been holding up pretty well on this downturn.
Feel free to share any thoughts.
p.s.: GDX a good alternative to FCX, but to watch the bot buying/selling with serious volume of FCX is interesting.
They (FTK) had a tremendously bullish operations update last week. FTK’s turnaround is still on track. Just a gut feeling (might be gas) but FTK could be a possible take out candidate. I have no real evidence to back this up other than expect consolidation in the industry to continue, until it doesn’t.
China manufacturing index drops to lowest in nearly 3 yrs, we should rally hard tomorrow..
Help me out here. What’s the connection?
BTW: WE HAD A VXX HALLOWEEN!
http://www.youtube.com/watch?v=8wLfzmvr7Ls&feature=channel_video_title
Is that the junior Fly wearing the VXX tee?
Ragin made the vid last year
That soundtrack is just feakin’ classic !!!
… the ONLY soundtrack music that comes close to this for me … in so far as evoking a feeling that is unmistakable … is the “Jaws” theme !
Eagerly awaiting a vid implementing the “Jaws” theme !
Make it happen !!!
.
… too many Halloween Snickers bars apparently !
Uhhh … feakin’ = “freakin”
—
Sorry !
A-game !
😕
.
Here’s what’s really incredible. John Carpenter not only made that movie on a shoe string ($350,000 total, and he paid Donald Pleasance $20k), but check this… he actually wrote that score himself!
So, give him the two-fer… not only the scariest movie ever made (IMHO), but also the scariest horror movie music ever composed.
And that’s John Carpenter… from Bowling Green, Kentucky.
(Oh, yeah, George Clooney is from Kentucky too).
(And Johnny Depp)
(And Tom Cruise)
(and Ashley Judd)
(and Buddy Ryan, lol)
__________
______________
… completely agree !
But … you forgot ONE GLARING DETAIL (my absent minded Senator)… in your reconstruction of the “John Carpenter Saga” !!!
He ALSO married Adrienne Barbeau !
Who had possibly the sweetest breasts I have ever seen !!!
THERE !
I said it … and I am sticking to that claim !!!
Fly !!!
Ban Me If You Must !!!
.
… at least I’ll die with a grin on my face !
😀
.
Tom Cruise is from Syracuse NY
I say…ahem
-ALF VOICE-
I say, where ya get your facts boy, damn China?
Tom Cruise Mapother III and his wife (Tom’s Mom and Dad) were both from L’ville Kaintuck’, which means their son has L’ville blood in him, despite being born in ‘Cuse*.
He also went to St. Xavier High School in Louisville (rival of Trinity, currently ranked #2 in the country in football).
________________
* BTW — Louisville butt-smacked ‘Cuse this past weekend.
________
Ok, Just give me a Jack, Jake
You gonna tell me thats from Kentucky now too…..
Jack Daniels is made by Brown Forman… which is based in….
Louisville Kentucky.
Granted, that particular distillery is in Tennessee.
Their good stuff is made in Kaintuck — Woodford Reserve.
______
Add Muhammad Ali to your list and you named about every single famous person ever from the state.
Oh and Col. Sanders. Can’t forget him.
The last Medal of Honor winner (just about a month ago) too.
There are tonnes more… Howabout Hunter S. Thompson?
_________
I was being facetious Bravo. China’s home prices fell for a second month in Oct.. We’re def. going to rally hard tomorrow now..Soft landing for sure..
MF may have commingled $600 – $700 million in client funds: http://dealbook.nytimes.com/2011/10/31/regulators-investigating-mf-global/?hp
Let’s hope they take that scumbag Corzine away in bracelets.
And Schumer next.
_____________
Looks like the field will get slightly more leveled:
http://www.wired.com/wiredenterprise/2011/10/nyse-open-mama/
Sometimes, when you get a Pumpkinhead Market, you just gotta hunker down and get small.
And get some Skiffles for the ride as well.
____________
Gym Ghost For Halloween:
(made it to CNN)
http://youtu.be/hCgEG8WhpgY
futures have a dead body look to them.
and… flush.
Folks we will have a sticky rally if the eurotards create currency. Not before
OK opening my Bag of Candy, what did I get tonight, KitKat, Tootsie Roll (lame) and what..My first SPINE of the Week, Australia lowered interest rates. And the Final China PMI HSBC came in lower then flash…
I’ve given you a ton of shit over the last year, but I will say good call on the China PMI thingey.
But you’re still going to lose.
lol, Po I actually love to be challenged..so bring it on, lol. thank you.
We are going to break key technical levels here.
I’m going 80% short/ 25% long.
Will press Financial shorts. Just Friday 100% of Financial stocks were above their respective 50EMA. Haven’t seen that in a while.
1220 Key level here boys…last line for bulls. EUR/USD still crashing.
80/25? ooooh. so cool. margin!
It took one day later than I expected, but I still effectively egged Mr. Market’s house on Halloween. Popandreuo then put a flaming bag of shit on his front stoop.
as I was saying Friday… best shorting opportunity EVER….to get long after the most ridiculous rally ever in overbought conditions is beyond me… enjoy the massacre today
Yesterday my prediction was we would have a shitty two days then reverse hard. Giving up the 200d MA was the first part and now today’s action will suck in the rest of the bears.
Let’s see what happens after all the death and carnage today.
Flushing a months worth of gains in a couple of sessions… Priceless.
Then we’ll have more rumors of QE and a bona-fide save the Euro Plan rumor and we go right back up again. There is no way to trade this except getting lucky on timing.
Love how Nymph capitalizes ‘Bag of Candy’. Best poster on iBC (no ROMO)
love Candy.
Since everybody’s making predictions, here’s mine: pappa-g will be forced out in the next week and the euro markets will head down another 20%, Sarkozy will lose his shit, berlusconi will blame the Jews for what happens to Italy after Greece defaults, and US bulls will finally realize markets are correlated even with QE3, which will lead to OWS with ultraviolence, real horosho-like.
No idea what happens in China, but if FXI drops 50% this Chinch will be rich.
another wonderful day in da hood. just blow greece up already. geez. news flash: gyros stand owner takes down the globe….wtf
Wow, fantastic blog format! How lengthy have you been blogging for? you make running a blog look easy. The total glance of your website is great, let alone the content material!