The republican party in the United States supports the bold and decisive inactions of the fucking Germans in Europe. Spanning over thousands of years, the German people have never contributed to society. Instead, they’ve deducted from it. They take what they want, when they want it, no matter the “feelings” of their neighbors. If you are wondering if Germany will come to their senses and finally agree to finance European debt, remember these are the same cocksuckers who used to gas kids.
They are kamikazes, ideologues, the idols of our ignoramuses in the the GOP–addled with serious mental issues stemming from the very depths of their fucking DNA.
Nevertheless, I sold out of my TZA position today, booking an 8.5% gain on the OVERBOUGHT flag, provided by timely algorithms inside of The PPT last week. I left the account in 100% cash.
For managed accounts, I shed less than 0.5%, thanks to my 40% cash position. I am still long LULU, GSVC, GMXR, WNR and RBCN.
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Treu story; in the 9th floor we were able to report the 3:30 IMF rumor at 12:14.
Maybe next time Germany can respond to our report of the rumor, dismissing it before the actual rumor?
cain beat everyone to that punch.
and even had the behind the scenes story
That really was pretty good, Mr. Thaler.
Were you sharing a schott uf de SCHNAPPS wit de Madam Merkel?
Hmmmmmm?
Someone please take the alias “Anonymous German Official”……
Imagine the Germans not caring about your investment returns
Chortle.
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Sell the rumor, Sell the news….
I’m confused by your use of the “managed account” term. I thought you only advise not run a fund. Doesn’t matter to me either way.
I manage money, but it’s not in a fund.
I have to agree on everything, except that inaction now is a bad thing.
the action everyone wants Germany to take would not solve the crisis, just cloak it for a short time.
Germany has no responsibility to save Italy, Spain, Greece or all the other freeloaders
Let’s hear you say that when the world is a smoldering mess in 6 months.
you’re implying that saving these countries would make them change their ways?
they’d just destroy more and more wealth until nothing is left.
if Germany could save everyone, I’d be upset about their inaction.
the point is, Germany can’t do shit. any new bailout or whatever name you’d give it would only delay and worsen the inevitable.
It’s like getting a divorce yesman. Sometimes it’s “cheaper to keep her.” In this case, I can say with 100% certainty, it is cheaper to print money than have ALL OF EUROPE default, sucking ALL OF THE BANKS down with it.
that’s the same logic the Fed used to “bail out” banks. now you’re trillions in dept and half the country belongs to China…
Nah.
Keeping with marriage allegory.
That’s when “…serious mental issues stemming from the very depths of their fucking DNA” (i.e. GOP / Germans) go cerebral, pull out the prenuptial and explain them their rights.
This DOES NOT equate to ownership of government.
It’s more like, you have the right to be an out house opium addled concubine.
Thanks for putting out. Once your done with her speedometer, pass her on to the next guy.
Perhaps Russia will be interested in economically keeping China’s engine going? Or Japan or Malaysia (lol, yeah right, talk about ancient hate).
the money is already gone. the wealth is already destroyed.
this bailout is only about revealing this fact or hiding it and causing more damage.
The money is NOT gone. The money is gone when the banks are forced to realize losses and deposits vanish. This can be prevented by replenishing the money supply.
Think, damn it!
you are absolutely right.
what I meant was the situation in the long run.
the price we all have to pay to keep that illusionary money will climb and climb and eat up more and more real assets that are still real and not in a state of quantum flux like Schrödinger’s cat (it depends on if you look at it or not. the observation itself decides the state of the cat – in this case the money)
to save this money now, we have to get a loan from our own future.
it’s a death spiral.
“to save this money now, we have to get a loan from our own future…”
People say this like it’s a bad thing…
The money’s not gone, but the value is
that is the point
This may sound crazy since I’m betting on the outcome, but how much value does your money have when factory utilization plummets by 50%?
Most wealth is short term and transitory in nature. It really would be better to print.
Fly,
If we treat the symptom by printing money, is there any more incentive to treat the true cause of the problem (socialistic governmental overspending, no?).
What can be done to prevent the return of the problem once the temporary effects of the money printing wear off?
Just asking for answers as I have none to ease my fears.
Print and pray? I can’t see how that solves the problem. Poor imvestment decisions were made and now they have been compounded with all this QE garbage. How much malinvestment has occured by debasing the dollar and pushing gold 1800?
I’m not a fan of the cocksucker banks, but Yesman HAS a point. The fucking unions in the US AND Europe combined with the socialistic attitude of ‘the govt will just pay for everything'(which really means the PEOPLE will pay for everything) has pushed us to the brink and there is no stopping it, just delaying it. The question now is, better to have a crisis now or later? I’m not sure which is worse, but as the almighty Fly says the German attitude will trump any type of logical reasoning -maybe even self-preservation.
I just go back and read that Hayman letter you posted on the PPT.
I think that they will find some way to “persuade” the ECB to do QE.
I don’t think it will happen anytime soon, though.
Germany did the right thing Fly.
THe money ISN’T there and massive defaults cannot be stopped.
If Germany tried to print then S&P would immediately remove their AAA rating because they don’t have the money!!!!
Your crazy if you thinking printing it is a cheaper alternative because the currency will eventually be destroyed.
The printing game is no longer able to kick the can down the road. We did it for 30 years but it’s over.
Checkmate. Bankers lose.
Germany is not capable of making sound decisions. I disagree
Germany thinks they are the only adults in the room but guess what they get hauled off to jail with the rest of the drunks if they dont print.
Not that I would buy a Eurobond with your money.
What a pickle.
Cute pooch, Damon!
____
Thanks, that is Rocky, my new German Shepard pup.
See, I like Germans 🙂
He is a sable plush coat, beautiful and really smart, although he chased a bunch of deer out front today and wouldn’t come back to my call.
Got to work on that!
Wait a damn minute here — did M. Le Fly just use a line from a “yippee kye ya” country song??? I must be in some kind of parallel interweb universe. This shit ain’t right.
US is financing profligate spending. 40% of current federal spending is deficit and hence borrowed money.
The illusion of solvency must continue at any cost.
Honeybadger don’t give a fuck. It takes what it wants.
http://www.youtube.com/watch?v=4r7wHMg5Yjg
Agreed why should Germany foot the bill..just to make everyone happy for a few months…Every country for themselves..
They bought the rumor the last 8 trading days, then this afternoon, they sold the news.
So, the GOP and Germans are all Nazi’s?
Nein! Nein! Nein!
you said that, not me
You got me there. I guess I just thought that’s what you meant.
Pay him no mind. He’s got internal conflicts.
______
Jake-
So do I!
That’s why we do this insane trading gig, isn’t it?
Interesting post, although I’m not certain if you are comparing Germany to the US or just attacking Germany. Your language got pretty ornery in there.
My response was directed at Fly, not you Damon.
CONCUR.
You make Germans sound like they have the moral code of a…. daytrader
I wouldn’t mind gassing a market maker now and then. (but only with mass amounts of nitrous oxide)
Why should THEY be happy?
Or perhaps the moral code of a short seller
Guys….seriously…..the “stock market”…or “crock market” is just one of many markets….and…if you don;t already see/understand – the biggest sham/scam/wham bam thank you maam markets on our planet.
Currencies show the way….and again in case you didnt notice the dollar making a massive 3 year low some months ago – the direction is more than clear.
fuk stocks…..its gay and small – best of luck ..to you all!
(whait a minute – that has a ring to it)
ya…..lets check a particular companies balance sheet when the entire index continues in said direction….man.
dollar prints low/cycle reversal – so look forward to further downside……WAY FURTHER
Unless you had AAPL or a few choice picks. Even PCLN was being propped all day by a monster, methodical buyer. (right up to the close)
so is bac,it’s a joke. while all the preferred shares are jumping ship silently,the front window, (common shares) are putting on the dog and pony, as if it were gonna come back.hypothetical thesis, if euro explodes it will be the greatest excuse and cover for bac going down.i can hear the bs now,bac was tied to this that and the other. all of this shit is orchestrated to a certain degree so both sides of the pond will profit from it,and use the excuse because of it. the germans are masters of manipulation, ive had 30 yrs experience first hand with that culture.fuck them to fucking hell, now all my ex has to do is drop fucking dead like her pos parents and i’ll die a happy man.
drummerboy, where do you think all your trading losses go ???
TXN and ALTR (along with SMH) are getting kicked in AH from their lowering of guidance re: earnings and revenue.
Bring back the DM (Deutsche Mark) just like the good old days.
Good timing! Maybe some other companies will join in?
Need a link to Brünnhilde’s Immolation Scene ?
Flight of the Valkyries, at least.
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TXN just warned !!!
yeah, blame the Germans, the Tea Party and Santa Claus for your bad investments – I admit you’re better than me, though
My investments are just fine, fucker.
Merkel just realize the mess that she has to clean up and she is looking around looking for the maid …
…and the second maid, and the nanny, and the chef, and the driver, and the gardener, and the pool boy, and her socialized pension check (for 30 hour days, 8 weeks off a year, retired at 50 pension)….
Hogans heroes think they have everything under control. But me and Klink run the show..
Politically Incorrect Statement of the Day:
Fast Money CNBC ….. Melissa says that when she was in Italy all she saw was Asians shopping in all the retail stores …. Guy says, “then you must have felt right at home!”
Oops!
Rather than politically incorrect I would put the remark in the Culturally Cognizant column.
The Ruination of Twitter http://bit.ly/vBPJFN
Will I still be able to get streaming BAC quotes from Master Fly and Zerohedge?
BLAME BUSH!! BLAME CANADA!! WE NEED MORE OF THE SAME PLEASE!! OH BIG BEN, COME RESCUE ME FROM MYSELF!! THANK YOU GOVERNMENT!!
So what problem can’t be solved by printing money? Just so we have a list of when it is o.k. not too.
make sure the printing press don’t overheat …
On Thursday, U.S. president Barack Obama said he’s “very concerned” about America’s largest trading partner. But he sounded optimistic about Europe’s ability to find a fix on its own.
“We’re going to do everything we can to push them in a good direction on this,” said Obama.
what the fuck, you mean Obama knows the difference between a good direction and a bad direction, fark, if he does, we will be out of this economic nightmare ,,,
Hitler hears about the Eurozone downgrade:
http://youtu.be/yKaBSp18u2c
🙂
FUCK GERMANY
Die deutschen Leute lieben Dich mit von ganzem Herzen.
lol
let Germany burn, I’ve been eyeing that new Porsche anyhow. Now is as good’a time as any to get it 85% off sticker…haha
I hate to say it Fly, but this does sound a tad racist. I thought you were against that!