Taking into consideration how tenuous markets have been thanks to the European crisis, it is even more unbelievable that our elected officials could not come to a consensus to cut spending over a decade. None of them deserve to be re-elected. I am making it a stated goal of mine to vote against all incumbents–republican and democrat. These bastards aren’t responsible stewards of this country. They are nothing more than whores, begging people for money to fund their re-elections.
With regards to this mornings tape: I cannot believe GILD paid so much for VRUS. They are out of their fucking minds. Everything else is getting the broken elevator treatment. However, let me be emphatic about something right now: you bears are well deserving of a giant cock-smack to the face. I’ve perused the comments section of iBankCoin this morning and nearly vomited on my $4,000 laptop. Shame on you people for not learning from history. You should know by now, when the DEVILDOGS of the world are out and about declaring winship, mobile de-cocking guillotines aren’t too far behind. How many times does Ben Bernanke have to circumcise you to get a little humility out of you?
Back to reality. TLT is north of $120. The deflation trade is back in vogue, as people “Do the Hugh” into Thanksgiving. This is not what I expected to happen. Then again, betting on inflation versus deflation is pretty much a coin toss these days. People don’t know what the fuck is going on. But I can tell you one damned thing for sure: governments don’t give a fuck about your paper currencies. The whole flight out of gold and silver, as harrowing as it is, will be a temporary phenomenon.
Botton line: your luck is soon to expire. Go drink a hot cup of Early Grey, come back to iBankCoin, and apologize for your behavior. Failure to do so will result in the removal of your mustaches, via my mustache removing drones.
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too right…..considering we’ll be flashing OS when we open…I’ll be loading up on $ES_F for the bounce
fucking whores is an understatement.
Competence was the bullshit SuperCommitee’s Kryptonite.
And every one of these ass clowns will return to DC as slimy lobbyists just as fast as they get thrown out of office.
when the DEVILDOGS of the world are out and about declaring winship, mobile de-cocking guillotines aren’t too far behind. How many times does Ben Bernanke have to circumcise you to get a little humility out of you?
———
WTF ever, A 220 rocket shot in 3 weeks made since to you too I guess.
wat?
Speak english.
i think the “gal” meant to say sense,and not since. @ robo gal.honey,this is not ZH.this is IBC…..must bring A game
As a young man I watched Wall Street Week on PBS and burned into my brain was a line from Marty Zweig. He said, “Don’t fight the FED, ever!” I re-learned that in 2009. Fly is correct on this.
and of all days,dndn is up…….(shakes head in disbelief)
Thanks for the reality check!
Thats why maybe having technocrats clean the mess up is a pretty decent idea. We need a Winston Wolf.
http://www.youtube.com/watch?v=wWmRTjLRMfU&feature=related
Guess I better buy all my Thanksgiving Silverware today…
Does breaching 1208 bode well for the bulls Teahouse??
not short term but it’s not gonna be a hay maker for bears from this o/s level (1187 pivot) either …. “potential downtrend low on November 30th. If we assume a 9% correction we’re looking at a potential low on November 30th around SPX 1177.”
OEW: “We’re obviously leaning toward a more bullish outcome but are remaining long term neutral until we are certain this potential downtrend is corrective. Should the market drop more than 10% from the SPX 1293 high, or below SPX 1164, we believe there could be trouble ahead for the market and the bullish scenario. As long as the market remains above this 10% cutoff, and completes a corrective pattern, we see the possibility of the US bull market extending in the months ahead.”
We are due for a bounce … looks like wave3 has extended and wave 4 is coming since the bounce to 1215 was clearly a head fake. Wave4 could see 1244 or more …
OEW: “Within wave C we have identified a wave 1 at SPX 1227 and a wave 2 at SPX 1267. Wave 3 should now be underway. This wave 3 appears to subdividing into a smaller wave 1 at SPX 1244, a wave 2 at SPX 1265, a wave 3 possibily ending at SPX 1209 …”
Keep dreaming sport..lmao
stay short with your fading TZA trade and add to your losses and more … You have’t learned when to take profits if you have any … LOL
I apologize.
But I do wonder what Kerry’s price target for TZA is….
60
crackspread bouncing….WNR today???
To reiterate a position I have made on here many times. Im voting every one of those fuckers out. Im a massive liberal and I dont care if I vote some sabre rattling, pro-life, redneck, ghost of Strom Thurmond. I want some new blood. The dicks that are up there now are going to destroy this country.
I wonder how many congressmen and senators bought S&P puts in the last few days, knowing there would be no deal.
It’s perfectly legal.
The electorate (myself included) has been asleep at the switch and the bills are now coming due.
Quit blaming congress, they are minor players in this debacle. It starts at the top. A weak leader sows discontent among it’s populace and encourages debate in congress. A true leader goes straight to the American people and outlines a vision, this is not happening.
i’ll second that colonel. but i must say, leaders are born,and not made. there are no natural born leaders in this country anymore.and the ones that are,dont want the gig
I caught the bounce last Friday, only to take my profits and run when I saw it had no volume. That sealed it — we needed another leg down before the turnaround. This may be it. This time I will wait for confirmation since this is also a rebound on the weekly breadth charts… no need to take any risk here. Waiting for the daily confirmation to get in on the weekly swing trade.
http://fullcomment.nationalpost.com/2011/11/21/kelly-mcparland-supercommittee-failure-leaves-u-s-to-fend-for-itself/
Here is the thing the sell off should be of 1000 pts by now and it is not. The market being down 200 pts shows there is still hope. Hope the FED, ECB somebody will do something. Hope that santa will come, that the turkey gods will come…Somebody must come right?. What if that does not come?. This is what Scott has been warning about. If the market finally comes to realize that it is all smokes and mirrors the exit will be to narrow. So take protection while you can. Help can come and we can rally back to the 12000’s again. In a risk management environment that is a 5%-10% upside. Downside is in excess of 30% at this point if “Help” does not show up.
got out of my all in bet in TVIX at $64 for a $1 loss. What a roller coaster that was
hooray
Short US Government…
pressing…
as grandma used to say, and she didnt mince words.
They (politicians) are all whores, just different coour dresses.
you almost need a new party to rise up.
as messed up as Canadian politics are. When they kick your ass out your party can be decimated, Conservatives lost huge under Kim Campbell 1 or 2 seats if I recall which gave rise to Reform party which are now the Conservatives (new brand) once more. LIberals just got theie heads handed to them recently on a federal level.
maybe pitch fork time !!! LOL
the ibc store needs to sell those black arm bands, when going to a funeral. the word “economy” should be embroidered on it…….along with the ibc logo of course. good gag stocking stuffer this year
a must wear while attending ows…….
My father always votes again incumbents. He said it will take the new guys time to figure out how to steal.
Sorry Fly and I had some business to attend to. He will be back soon…
Supercommitee doing nothing forever is one of the better outcomes
Total deficit reduction from utter Congressional failure? $7.1 trillion dollars over the next decade.
http://www.ritholtz.com/blog/2011/11/is-it-really-the-debt/