Things I don’t like:
Refiners are trading like shit again and oil is getting smashed over the past two days. However, the market has been going up on oil weakness, which is nonsensical. Basically, the indices go higher no matter what. Generally, stocks look tired. Solar stocks broke out today because of the China subsidy news. But if you were long solar over the past month, you got your fucking brains kicked in.
Auto stocks and banks are looking good, as well as retailers. But volatility is basing out, fuckface. It’s done going lower and a storm is brewing.
LTRO is the stupidest shit in modern finance. It is barbaric and it will end in absolute failure. You can bank on that.
58 Responses to Celebrate the Dow 13,000
Can I retire now since the Dow closed above 13,000?
LTRO is fucking dumb.
And as capital flows along a path of least resistance, Spanish and Italian governments and banks keep piling on the debt.
Governments issue debt.
The banks buy their own governments bonds. And then use them as collateral at the ECB.
Shit. The whole thing will end in war. IMHO.
Or we just keep tacking on zero’s to the end of balance sheets. (Just promises to pay. LOL.)
Pal vs Mother
Husband: What’s for dinner Mother? (Wife: Mother of your children)
Wife: What did you say?
H: What’s for dinner Mother?
W: Did you just call me Mother?
W: First of all I’m not your Mother!! Secondly, get your own fucking dinner!! Who the Hell do you think you are calling me Mother?! (door slam)
Looks like Marc David is going for the kill!
and it’s only Tuesday.
it’s a loooong week
The US is turning the dollar into the peso
Can always disavow current currency, and repeg. Not unlike peso.
Wait. That’s the goal!
SDR’s here we go. You’ll have to find the letters USD somewhere on the note.
People have been saying this since i was born.
Larry Silverstein is trying to make ANOTHER big profit off 911. I wonder if the Bushes and Cheney are still his partners.
For my part, I wonder if you’ve received your diploma from St. Francis University, yet?
This is going to end in tears
Guy Adami. What a piece of shit. Bearshitting all over the place YESTERDAY – and today he is bullish. Are these CNBC clowns for REAL?
Guy’s a dummy. Whaddaya want?
Spoiler alert: the old dude’s lasso goes limp and the cheerleader chick ends up pregnant.
Sensing your upset because unobankcoin at the moment.
Why would you sense that? It simply isn’t the case.
China isn’t gonna support non-Chinese auto makers even if they mfg in China … Protectionism works for socialized-capitalism.
No, it doesn’t.
Geez, Tea, did you even read the piece?
It’s talking about the Chinese government’s purchases of cars, not any governmental restriction on purchase of foreign cars in the country.
When was the last time the U.S. government bought outside the Big Three? That’s not protectionism, it’s politics.
I stopped reading The Economist when they started with this “Protectionist” labelese [sick to stomach].
Why punk you, yes!
If my tax money is going to a government that doesn’t “protect” me, family, friends, community and nation, why do I pay you!
Helping other nations MAY BE aspirational. Ensuring our 1) sovereignty and 2) advancement SHOULD be top priority.
TOP HEAVY, HEADS NEED TO ROLE.
They are trying to support a dying domestic auto industry just as we did with GM & Chrysler … that’s the point.
But domestic carmakers such as SAIC Motor, FAW Group, Great Wall Motor Co Ltd and Chery, which produce extended-wheelbase cars, could get a boost from the policy.
“It’s good that we’re getting some support from the government,” said Victor Yang, spokesman for Geely Automobile Holdings Ltd. “But we should be counting on ourselves, not the government, to improve our competitiveness.”
Thanks for clarification. I’m tired of trying to hit $F and $GM earnings tho.
Tea, That story is about 3 days old. Tonight its that China Govt is not going to remove Housing Curbs like so many thought they would.
But what about copper?!?!
Meanwhile, in a triumph of legislative will, the Mustached Tax Deduction Bill is referred to the Ways & Means Committee
Not a first. England used to tax beards.
The trend is your friend … getting a bit too difficult for most to stick with it IMO, and most retail investors just don’t have the balls. The IIs are still buying the minor dips. This will continue until it doesn’t.
I don’t need balls.
Since insensitivity is almost unknown on this blog, lemme axe youse’all:
How many NASCAR drivers does it take to start a fire?
Just Juan…. Pablo Montoya!!!
If it trades up tomorrow…
APPLE IS A FUCKING HALF A TRILLION DOLLAR COMPANY…
Although when I look at the national debt, the unfunded liabilities size, the derivatives market, etc I feel like it still has more of the world to take over.
Next step, 1 trillion… LOL!
Based on the mathematics of Le Fly I went to over 60 % cash today.
Almost every financial advisor parading in front of the TV screen today is Bullishly Long!
and so how do you feel sir fly.. knowing that 99% of all jackwagon dickwadds bullshit fuckhead pundits are saying the same thing as you are? TSK TSK you disappoint yet again.
Long some penny stock…Indeud!
With a pitiful amount of vxx you got no balls
I am required to make money. What are you good at, aside from loitering outside first class blogs, craving attention?
FID (fly is dead)
Fly is Immortal
fuck off cindy
I think I’ve finally had enough politics for the year. While watching Calista and Newt on TeeVee, Newt called himself “the Professer” [sic]. Oh so now we have Newt as “the Professer” [sic], Calista as Ginger, Ric [sic] Santorum as Gilligan, Ron Paul as “the Skipper”, and of course Mitt Romney as Thurston Howell III.
Stocks are going up because gold is at all time highs and real yield is negative, so there is no other option.
What will be the reason for the Crash? Just a reversion to the mean?
Reversion to the mean is all I am looking for.
They are literally creating/forcing a valuation bubble. It will not end well.
The world will end tomorrow. (Sooner or later I will be right).
ROMNEY WINS ARIZONA & MICHIGAN PRIMARY !!!
What’s the point of any news at this point? Mkt rallying on consumer confidence is the biggest fucking joke of all…wasn’t it consumer (over)confidence that got us into the 2008 mess in the first place? ANY news now and mkt screams..
CNBC: “Neighbors dog seen licking balls”…. mkt rips up 275 points. “I new he could do it”, says Buffett.
Hilarious! I knew old Warren would be partial to some ball-lickin’
Celebrate Romney’s win over the pinch-faced Santorum with your finest local boxed wine.
Especially if that shit was up 15% today!
Does anyone else have a problem with the new CNBC location or am I still in bizarro world?
“exclusive media provider”
You know EVERYONE is calling for a rally on the euro on any amount of LTRO, if they take a small amount then Banks better, if they take a lot then more global liquidity. FWIW, when everyone is in a Win/Win can’t loose position..it doesn’t come out well. I so hate this…and the Clam on the Hill too.
can’t lose…. A game!
U.S. dollat eating goat’s balls this morning!
t=”r” A fucking game!
GDP above expectations!
We rally higher!
I think you may have stumbled upon something…
When they devalue the crap out of the dollar, they’ll issue a new currency, “the Dollat.”
It’ll be all the rage, to hollah for yo dollah-T!