Yes, everything is peachy this morning. European yields are sharply lower. Their equity markets are not down 3% and the Germans have only said once they weren’t interested in bailing out Europe. This is a big development, since the fucking Germans, generally, reject bailing out Europe at a minimum 5 times per day. So when the German central bank says “fuck you, you’re dead” just once, investors scale their towers and invade the castle.
Naturally, this sort of respite trading action pisses off perma-bears, like DAVID FABER and newly formed shit of bear, Le Cramer. They just can’t understand why stocks go up. It is foreign to them. HAHAHAHA: I just called Cramer a permabear, how absurd.
My stocks are up today, namely DECK, TNA and EXK. However, I’m not feeling overly confident and expect you fucking savages to try to attack me. So you know, “The Fly” sits atop a citadel with men throwing tar and grenades down below. Try to dodge my fucking grenades, cocksucker; the tar is sticky.
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Bears are out of powder, all the redemption sales have been concluded prior to the holiday….rally on.
Longs versus Shorts…
http://www.youtube.com/watch?v=wYm99s_hIFs&feature=related
lol I laughed out loud that this thread.
“I just called Cramer a permabear, how absurd”.
He’s totally lost his timing. He doesn’t have it anymore. I think he was a decent trader in the old days when he was on a desk, but no more.
I’m actually thinking a decent part of the crisis could be over by Feb.
Here’s why.
Italy and Spain are not bust, they are insolvent. They have liquidity probs.
January is a big month for them. If they get through January financing hump without a hitch… if Italy’s 10 year stays around 6.5%ish, I’m calling the panic part of the crisis over.
I also think the ECB is waiting for these fuckers to institute reforms and then they will be more amiable to QE which I think will happen in March… once reform packages pass through parliament.
I’m not saying it will be rosy, but I think that if they get through the January financing and the Euroweenies will pull out all stops to get through this for Spain and Italy the panic is over for a while.
(laughter) yeah, then the Italians just need to finance another…what was it…$200 billion to get them to 2013. Or something like $800 billion to push them through to 2014.
And since they’re barely able to finance 5 year debt at 6.5% interest, this problem is going to be back and looming by 2016.
Unless Germany just sets the house on fire and gets it over with, we’re in for years of small scares and hundreds of these retarded summits.
Cain
I think the panic will be over by Feb as they have a large chunk of brass to rollover in January. If they get through that and the reforms have a chance of seeing the light, it could put them in a better position.
There is a serious lack of conviction here as AUD looks to be rolling over here intraday against both USD and YEN.
Craaaazy $DXY daily – not really looking to budge with respect to correction and overbought conditions.
Maybe they are saving it for the end of day or gap Monday……..but….this is no rocket ship by any means…and lookin really really weak here.
oh fuck
This should read…
Italy and Spain are not bust, they are NOT insolvent. They have liquidity probs.
A game.
J – We knew what you meant. The same thought crossed my mind last week. They will only need to kick Greece out of the EZ for now. It sure would be nice if we don’t need to live through 10 more years of this crap.
Is Zynga really worth $7 to $9 billion?
No.
These social media IPOs are CRAP.
Yo Fly,
I think the side bar stats are broken – Silver up 9.94% today for instance-
Wishful thinking
From the Rothschild web site listed in your Blog Roll, to the right… a peek at the future. A long slow burn of the standard of living, apparently.
from http://www.edmond-de-rothschild.ch/news/viewpoint/debt-makes-the-world-go-round-111118.aspx
Imagine if debt were to freeze at some point in time.
Debt will continue to make the world go round and very much so. Imagine if debt were to freeze at some point in time. The bulk of economic activity would stop, trade would come to a standstill and debt securities would disappear from the financial markets. There would be total chaos. Throughout the history of Western societies, debt and credit have always been abundant. Actually that is what made capitalism succeed and allowed free economies to thrive and emerge as the leading system at the end of the 20th century.
Coming back to the question of what the right level of debt should be, I don’t think there is a “right” one. What is enough in periods of strong growth and wealth creation is clearly little in recessionary periods. The Maastricht rules proved this point beyond a doubt. Actually the level of debt per se has nothing to do with fiscal discipline. I am a strong believer in very tight fiscal management, but at the same time I cannot see modern society reducing its level of debt at a fast pace.
**Countries that currently have huge debt burdens will have to shrink them to a sustainable size or face bankruptcy. This will have to be done at a much slower pace than we currently expect, and the way will be long and full of hurdles.**
T. Gontikas, november 2011
no,thats the world the rothschilds’ created. better put this way.IF, everyone were to pay off all of their credit.commerce as you know it would come to a standstill. the real estate crisis was just a rouse that backfired badly, because the rothchilds suddenly decided that they were going to de-lever themselves from the U.S, while the american people decided to de-lever from their responsibilities to the point that they either filed chapter 12, or just walked away from the obligation,and that was the iceberg that dumb ass captains thought could steer clear of said iceberg.thats why they dont know how,or to whom they will unwind worthless derivatives to no one that wants them.
Italian parliament passed some measure that is supposed to help things out. Euro’s are going with the austerity program, US gonna try to spend out way out of things. A flip flop from the previous decade.
4 witches out today
Why not hot tar?
adding STEM
share offering
Oh and TLT rising. Oh and VXX rising
A fifty percent one-time net wealth tax
would do miracles for our budget and economy.
I see no downside to that.
NERO tried that, it didnt work.
ha,now congress is working on a trillion $ spending bill. i bet i can solve it with less than 300 mill
GSVC!!!! Nooooooooooooooooo……….
Whats going on! Getting worried a little bit here – wtf?