Who exactly do you think you are? You and your friends, clad in burlap, were going to take down the world banking system from the un-luxury of your bullshit pleather chairs from staples? Did you really think they would not throw the kitchen sink in, giving it one last go, prior to melting down?
Right.
Seriously, that was some amateur shit right there. Hold onto my coattails, I will teach you what you need to be told.
The cromagnon on CNBC (Cramer) is no longer fear mongering via threats of “DEFCON 3,” following the unprecedented coordinated efforts by the world’s central banks to inject liquidity. Shame on Cramer for being so naive as to believe they would not inflate. SHAME!
Once again, the power elite has demonstrated their insanity and fetish for free money. I want you to remember this moment as you absorb LARGE capital losses. I do not mean that in an ill-spirited way either–quite the contrary. The market is the ultimate humbling mechanism–doling out beat downs for more than 100 years. It’s important to learn from mistakes in order to avoid them in the future. Like I said several days ago, major central bank intervention was all but guaranteed. Europe had days left before panic set in, ripping apart century old institutions. I refused to capitulate, after incurring large capital losses, because I felt my errors would start compounding on one another.
It’s one thing to buy high. It’s entirely unacceptable to sell too low.
Today’s rally is going to be intense. There might be some early give back. However, rest assured, the bears are going to panic out and cover shorts, lending tinder to the fire that is already raging. Naturally, this is all inflationary and will help the prospects of gold and silver–longer term.
With year to date gains of +6%, I intend to take what’s rightfully mines today. With Santa Ben’s assistance and The PPT (flagged OVERSOLD on 11/23), I shall retake my annual highs of +16%, AND MORE.
Gentlemen, I give you salsa.
http://www.youtube.com/watch?v=gAlATS5ioAg
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FIG
Cocaine for all gorillas!
you need to post salsa dancing videos.. just music!? come on, MAN
You are free to provide said videos. But Lavoe is the Godfather of Salsa.
A game.
i don’t disagree.
but salsa is just as much about the dance! as it is about the music
The great Tito Puente hated that term.
“Salsa” is a food, he insisted, not a style of music. “Anybody who mentions anything to me about ‘salsa,’ they don’t know what the hell they’re talking about!”
http://www.yale.edu/opa/arc-ybc/v28.n28/story9.html
As a wise man once said… FURRY BOOTS PEOPLE… Time to load up as chikas love them and we love their spending ways…
SHIT JUST GOT REAL, SON.
Today is going to be a good day!
DR,
Merry Christmas…
The printing has began early…
salsa lol
Mrs. Fly’s magic crystals worked wonders!
Oh shit. Good point
Roll Bearded Clam!!!
As suspected, I shall roast Vegas’s balls over my fireplace.
TZA to the single digits.
http://www.youtube.com/watch?v=P9yAL1UNS6g&feature=related
wnr
Sold my XLF in the pre-market after buying @ 11.98 AH yesterday after downgrades.
As I said yesterday it was expected and no big deal.
In the meantime I will be busy replacing 5 screens and part of the aluminum cage (he broke it) around my pool as another bear came by last night and tried to break in for a swim.
Cops came out but not allowed to tranq.
One more attack and Fish and Wildlife people say they will come out and relocate the bastard.
Nice call @TC. I saw that and thought we still had more chit to clean out. Careful with the damn bear. Too bad it’s not a cartoon bear like me. You could just use an eraser on it. We just have GD deer. Just like giant rats eating all of the plantings.
“One more attack?”
That’s an excuse for inaction.
I have one word for you and that’s ‘POISON’
“Once again, the power elite has demonstrated their insanity and fetish for free money”
It’s not free money. Money it tight in Europe at the moment and V is collapsing.
I strongly recommend reading Prof Scott Sumner’s blog on the importance of keeping nominal GDP from falling over the cliff.
Uncle Ben will go down as a freaking hero when people write the history books and understand what he’s trying to do.
He’s doing what Milt would have strongly suggested.
Indeud. Uncle Ben’s got the bazooka. Who knows if EZ can get their act together, but crisis over for the time being. Time to bank coin.
Ben is the last saving grace of America. Love me some Ben.
another Rough Rider … INDEUD!
I’m looking forward to paying more for my everyday needs. Why don’t these fucking assholes just print 100 trillion and get it over with.
Mobb Deep dropped the Black Cocaine EP just in time yesterday. Guess this was leaked to them too.
Commence the ADS hundred dollar dollar roll.
Soooo, who’s printing then, nobody?
Solves nothing.
More can kicking. When you see unprecedented action by the worlds CB’s you need to ask yourself is how fucking bad was the banking situation in Europe?
BTW, this is not inflationary Fly which is why the metals hardly reacted. All this does is allow the banks to take shittier collateral to the CB’s for cash.
I give this 2 weeks before we are right back in the soup. We might make it through X-MAS.
TELL THAT TO THE PRICE OF GOLD AND MY MINERS.
Gold up a mere $28? Saw a bigger move earlier this week. Silver up .50 on this news? HA.
If the market believed believed this BS gold and silver would be up triple that.
Fly’s encounter with a Bearshitter today:
http://www.youtube.com/watch?v=9LzZ1ORjSjk&feature=related
Market rarely moves more that 4% in one day…don’t buy anything.
I love how Cramer now has people buying the market after tell them not to on Monday morning…I need a TV show to make calls like that.
Amen !
Cramer is pathological !
.
The Euro’s are having their 2008. They’ll get through it.
AS I posted in the previous thread I do not see gold and silver going higher here. Actually metals are not performing as they should…
Give me a C
Give me an L
Give me an A
Give me an M
What’s the spell? Santa Ralllllly ho
Your daily gap up/down is over. You may now position yourself for tomorrow’s.
I’ve never seen a more somber group of talking heads in my life on a 3% up morning…..Cramer acts completely befuddled and somber….You would think the market is down 5%…
he is a cromagnon
Buy buy buy! It’s not just short covering. You can bet on the Euros not letting you down, can’t you? No way will the Euros let you down. Put your faith and hope in the Euros.
NEW YORK (Reuters) – Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting economists to raise their forecasts for Friday’s more comprehensive U.S. labor report.
The ADP National Employment Report on Wednesday showed private employers added 206,000 jobs this month, surpassing economists’ expectations for a gain of 130,000 jobs. It was the biggest gain since December 2010.
“The ADP news is very good news. The private sector is adding jobs,” said Wayne Kaufman, chief market analyst at John Thomas Financial in New York.
Pixie Dust !
.
ADDING (ie. avg down)… to my TYP (SHORT) position here !
.
That is gutsy
… or, stupid !
Remains to be seen I guess !
🙄
.
Really had no choice !
When a position makes an adverse move against you like this … you have to be willing to step in and adjust your avg. share price !
May actually have to do it again !
This is why you always keep some CASH !
We shall see !
.
I’m just be concerned that this intervention is going to trigger a multi-month rally. I’m looking for an opportunity to get out of a BAC short. You regularly add to underwater positions? I thought that was like the #1 no-no.
*”I’d” not “I’m”
Oh my! Look at that BZH fly! Does the fly still hold that position? Sorry, I saw the buy post previously, but don’t recall seeing a sell posted. Hope you do.
Time for Obama to drop the bomb on Iran .. Blame it on the Mayans..
Not sure if anyone is into this or not. But last night I found 2 stocks Symbol: GAME and RVR. Both company are issuing a one time special dividend.
😉
When ETF’s settle at EOD, do we go higher? One of the worst mistakes is to sell too soon. What to do…..
Bought ddm yesterday on the rebound confirmation from the day before. Will exit ddm tomorrow or the day after, when the 200 day MA on SPY is hit. Market will pullback and I will buy DDM again. DDM is double levered DJ30 ETF.
Hector Lavoe! While I am impressed by the ripper call you made the other day it’s the Hector Lavoe that’s killing it. Now I got somethin’ to talk to the baricuas about tomorrow.