So the market is going straight up in 2012, led by bank stocks and miscreant solar energy plays. Everything that destroyed capital in 2011 is now replenishing the vaults with new coin in 2012. With the proceeds, Wall Street will be buying vintage wines and exotic animals to be cooked and served at private dining gatherings. Men of industry will buy their wives and mistresses earrings adorned with FL to IF rated diamonds, as the pedestrian VVS1 variety are cast aside for the help to pawn off for petty cash.
A new Gilded Era of decadence and oversupply approaches– only for the people in a position to profit. All others, namely government and non-executive class, will be used for cheap labor to further enhance the EPS of fortune 500 companies.
As you sit there, in sheer amazement, wondering how you will spend all of the money you are going to make–remember to hire private security because the savages on the outside looking in will be tempted to hog tie you and hold your limbs for ransom. Aside from that, enjoy the splendor that is Obamanomics and get ready for the biggest stock market rally the world has ever seen.
[youtube:http://www.youtube.com/watch?v=EvEePDXL1AE 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
FIG
Hogtie is a staple with the Mrs.
From “Rick Ross” to this; only from Le ‘Fly’…
Personally, I was deeply distressed to see the last several posts featuring tuneless, aggro claptrap from hip-hop degenerates. You simply can’t listen to such garbage whilst properly attired in top hat and tails, consorting with gentlemen of refined tastes and means. Symphonic and chamber music is the only appropriate accompaniment for Le Fly’s musings. Rick Ross is better suited to gutter-dwelling city rats, gunning each other down for sport in garbage-filled, graffiti-encrusted alleyways.
I agree. But you must understand that when I play Rick Ross, I am doing it for the favor of the working class and the low level execs at IBM.
When I play this sort of music, it is for the executive class here on iBC.
Word.
Indeud
Ricky Roset has his own banner on ibc. No small feat. Rick Ross is for hood rats and scoundrels; myspace and black planet users. He is the voice of a generation and his deliberate message penetrates even the highest of social orders.
I love his shit. Who else am I going to listen to when I roll up on the block in a drop top chicken box.
Fly, can we get some Nas in the near future or maybe some ODB to really piss off these old readers?
I got instant cred with the step-daughter one day when she caught me playing Jay-Z off the Fly’s blog. She was amazed i had such range.
I’ll take Wiz Khalifa instead of Rick Ross anyday.
Is $FAZ going to $0.05?
FAZ is a broken ETF…
SOL is another one of those Chinese burritos that I own. Although it was up a whopping 30.81%, I’ll have to hold this one a lot longer and hope for a lot more gains just to break even on this one. Considering the Markets were close to flat today, I still managed a respectable 1.89% gain today! PWER, SOL, CVI and GLW were my biggest winners.
hedge fundies not at their desk until next week. no care about this market, will continue drinking obscure Loire Valley vino and loading up on TZA
I have to agree that there is nothing rational about this market or world economics at this point. That being the case, the market will in treuth, go up, until such a point that the insolvency of all of Euroland can no longer be denied.
Carnage will probably be the mildest word which could be used to describe what comes after that. Nothing will be left standing when the bond boys decide to pull in their horns and buy no more debt.
Or perhaps, Europe will survive.
Oh….and another prediktion for 2012. 0bama will indeed retain the Oval Office at the end of this year but not through normal elections. Those will be suspended when he decrees martial law after Europe collapses this summer.
On another note; some governmental entity of no identity recently fenced off about 2000 acres just north of my humble adobe for use as a new sniper training course/range. Rather disconcerting….
that is so 2 years ago
You joking HM???
Have not a understanding today. My likeness is akin to a Scottish puppy roaming the countryside… but then again I stay away from the disco. I though I heard them all, until I heard one more. Freelancing is hard work if you know how to find it… But c’mon, lessall-go-to-damovies-an’-wachastory! Right? lol. LOL. Respectfully yours
There are a few John Birchers here who’d rather be long GOP and short stocks … You know who they are.
a bircher, in the meaning as, take your taxes and go piss up a rope.
No, as in austerity driven conservatives intent on stopping all spending save for defense and more tax cuts for “job creators” which just adds to debt anyway.
Well… .
I guess the Republicans, you know, like Lincoln, for example, could’ve just left people on the plantations.
Or, as Justice Tawney (D.) so eloquently handled the Slaughterhouse cases, the slave was a property right.
Funny how in last few decades the Democrats now turn to lecture Republicans on “inclusive” think.
You’re FU man …
You can’t claim Lincoln as a Republican since the party changed with the inclusion of racist southern democrats after LBJ pushed through civil rights. The Republican party of today is not Lincoln’s Republican party. Are you really this stupid or is it just ignorance of basic American history?
Al, sorry to gore ya, but if you were to open any book, even at your 8th grade reading level, you would recognize A. Lincoln was a Republican.
Now. Before you try to read again. Be sure to cease and desist from your narcotics consumption.
Also, how does telling me an unelected Democrat (federal level) telling Democrats (state level) to stop lecturing Americans add an inch of reason that Republicans are to blame?
I almost forgot a place in time like the one you describe actually exist Le Fly. When the time comes, the number of stock market geniuses will multiply by 100. The market must fund it’s next crash you know?
EOW Daily Recap:
“The early pullback today registered the fourth pullback for the current rally from the SPX 1202 low in mid-December. The next rally, above SPX 1296, would create 9 waves up from that low and a potential conclusion to Minor wave 3. Minor wave 1 was also 9 waves up. Should Minor 3 equal Minor 1 the SPX could hit around 1310 before any sizeable (larger than 20 points) pullback.
Should Minor 3 conclude around that level a 38.2% retracement could create a Minor 4 low around SPX 1269.
Then Minor wave 5, to higher highs, should end this uptrend from the November SPX 1159 low. Lots of coulds and shoulds, but just trying to etch a potential roadmap for the next several weeks.”
Where have you been? Are you harvesting cranberry bogs down the Cape or just mercilessly stuck in traffic on Rt. 3?
ODing on tryptophan since Thanksgiving I think …
Actually been doing some chatting on my other interest … The Celtics. But since their fate is out of my hands now (I tried to tell Danny what to do) I’m back to my usual haunt.
How goes it PAL? You knocking the cover off the ball or puck into the crowd should I say? Guess that would be your son though. Any good stocks?
or as Scott says:
http://ibankcoin.com/scott_bleier/2012/01/09/put-your-brain-back-in-holidays-over/
I’ve been posting over on Mr. Partridge’s blogs, nothing really any different than the usual suspects I’ve mentioned here in the past. I bought gold on the FIRST dip that Scotty nailed when it fell to 1565 I think and I’ve just been holding DGP, GLD, GDX, GDXJ, AUQ, JAG and KGC. No one likes RIG but I do long term. I like the ETFs mostly as you can see. Nice moves lately in JNK, PFF, KBE. When I didn’t see JNK REALLY tank as it has in the past I thought we might have a chance at a pretty nice rally.
Raising my haaaand Flyaway? Are you looking for me? I am in the weinah cellah!
Perfect timing as no one is home you scoundrel; everyone is at hockey practice lol.
What the puck, what about the twins?
Wave trading works…till it doesn’t…which is often.
then you haven’t been paying attention to Tony … one of the best in the country and written up by some top fin’l mags. Hasn’t been wrong since I started following him when he called the turn from bear to bull … and back to bear again … Pay attention as he says we’re at inflection point and could turn bullish again though the odds are still very low save for an outlier as in QE.
That’s what the fuck I’m talking about. It makes me want to rub one off thinking about it. The Mother of All Rallies!
Just make sure they use Hugo Boss ties to hogtie me.
Just buy a near bankrupt company like Kodak.
100% profit in a couple of days.
My friend put $60K in Health South at $.08 back in the day.
He sold out at $4.00 and put it in to real estate which floundered.
Easy come … easy go!
Maybe your friend would like to buy my ex-partners acupuncture practice now in Chapter 11.
dmnd if you got the nuts.
Not sure if I would call it Exuberance for overall market – after all volatility is down substantially, we have reasonable pops and consolidation… I would almost say: this market looks normal… don’t remember when it was last time 🙂
You are right though about some sectors and some names – absolutely crazy, like solar, banks, biotechs and crap like BORN…
This might become some record breaking January
Fly, any wise guys trying to part me from my $ will have to deal with my personal security team … Smith & Wesson.
I haven’t followed that stock (SWC)in a while Tea but what a crash it took earlier. The BBs are looking pretty tight here now and it looks like some decent upside might be in the cards still.
http://img139.imageshack.us/img139/3728/gunzsadamsgoldak47pistocv8.jpg
prefer this baby, obviously
Wow, what would a gold gun like that cost?
it’s not gold, just gold plated 🙂
No idea about the cost as people who have them don’t buy them lol
SWHC must have had a nice Xmass … A gun in every stocking based on the chart action since early December.
Now if you are talking Stillwater (SWC) I do own some for their domestic platinum. Hear there are supply problems out of Africa … Labor and/or energy trouble again just as the auto industry is starting to fire on all cylinders … GM.WS.B anyone?
Easy does it Le Fly. The market is about to punish bulls. Another 10-20 points higher in the S&P and we may have a major top for the first few months of 2012.
I am long 40% equities and 20% UUP as of today. I will be selling all of my equity positions by week end.
What the puck? How about about the twins? :)~~
There is going to be a tsunami-like demand for seismic and deep water drilling rigs. Archive that and tell me when you think I exaggerate.
there is going to be demand for everything one day 🙂 the question is when,
you do not exaggerate, but without timeframe it’s useless
PS. one day Chinese burritos will be in grate demand
Tomorrow will say it all, when ECB and BoE do nothing, will the market go OMG they will act in Feb so we better buy, buy, buy or say screw you and sell down hard? We are at the neckline of the H and S pattern from 2011 and at the downtrendline from 2007 high, in a sense, tomorrow could be D day.
How’s that FIBO thingy or whatever you mentioned about AAPL @ $404?
Or the one at $278?
Why do I have the feeling we will be having this same conversation @ $600 too?
Bullish…278 was the first level, and 404ish was the second level I mentioned in May 2010. Once the Vegas party is over I expect that we will again see a wash out of all those that bought at the top. IMHO, the only reason why AAPL did hit this stupid level was Fed Clam Action and the Clams around the world. Once that is done, we will collapse to the levels we should be at.
You mention the word ‘stupid’ quite often.
I do.
The notion of irrational exuberance is why I dumped BAC near the close today. Might have been too soon and might miss a little more upside, but would rather leave some on table than see gains go away. Especially in a bank with serious and various problems still to sort out.
B A C is C R A P
BAC may be crap as you say, but it just gave me a nice 16% increase in about a month or so. At $5.15 the potential value outweighed the risk.
Reflections of VegasTraderII still doubling down on his shorts … since Thanksgiving and more … and more … and more!
Makes one realize that the time is near to reel in some longs and raise cash just at the thought of how much $ he could have lost by now in TZA.
FU
Deck and jefferies. Fuck all the haters. This stock is about to explode even higher. I am not in as I was long years ago before the split at 20 and got out at 40 thinking I was a genius. But I wish for a major ass raping for the fly bashers in that name
Carson Block of Muddy Waters is now looking to buy Chinese burritos!
http://mobile.bloomberg.com/news/2012-01-11/sino-forest-short-seller-block-may-go-long-on-u-s-listed-chinese-stocks?category=%2Fnews%2Fmostread%2F
Well it looked like we were going to get a good bounce for stocks until retail sales were announced and disappointed the Market!
Can we ignore the data and trudge higher today?
Early indications are that we will choose to ignore the data and trudge higher
European Markets have given up 1% off of their highs this morning.
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