I will not besmirch our fine African President for mismanaging the economy. I shall not talk shit about the fucking Germans and their aversion to reason. I cannot fix what’s already broken and force policy makers to do what they were born to do: initiate POMO.
My position has been highlighted as being a game of chicken against the numbers. I’ve been telling the world deflation is a horrible reality and inflation is nothing but a mirage. Today the veil is being lifted off the ugly bitches face and she looks like a fucking German. As a result of my faith and recklessness, I will delve into negative territory today, likely to the tune of -3%, putting my peak to trough at -23% over the past two months. This is exactly what happened to me last year and I fucking hate my job more than anyone in the world right now.
I am going to make this very simple for you. If there is no policy response by Sunday night, we are going lower by 10%+ on Monday. The sense of urgency has never been greater. Berlusconi is the only one who seems to get it, making these eloquent comments regarding the fucking Germans this morning:
“Here’s my crazy idea; Let’s start printing euros ourselves,” Mr Berlusconi told an assembly of his center-right People of Liberty party’s parliamentary deputies.
“Germany should leave the euro if it doesn’t agree with the European Central Bank serving as a lender of last resort.”
Okay? Germany needs to either support the creation of new euros or leave the union. There should not be separate borrowing rates for Spain or Italy or Germany: fuck that. If they are all under the same currency, there should be just 1 central bank: the ECB. The EU should borrow money on behalf of all member states and all debt should be guaranteed by said central bank. There is no alternative. You either go all in or get the fuck out.
In closing: it’s gonna get ugly and this could be the best buying opportunity of the year. I am guessing The PPT will finally register an OS signal; but that remains to be seen. I will not be selling today because I’ve resigned myself to death by battle ax. Tighten up your belts and watch out for those fucking murderholes because they are everywhere this morning.
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time to bunker up.
No. We crash today. Why wait?
Based on prior posts/results, I will be buying later today.
Blue Blazer fully pressed…Check!
ha…great.
Don’t forget the blue top hat to go with the blazer
Fly, it souds like you slept well last night… Feeling a little stressed, no?
BANNED
But you are still going to stay long with 20% of your stack?
The top scroll bar lists the German 2 year at -350%
I’m going to go out on a limb and say that’s a little off.
Silver and gold stocks should perform well today.
Since when did the price of gold and silver have anything to do with the price of miners?
Today you will watch and learn.
So, this time is different? I think I’ve heard that somewhere before.
Anyone long today on anything is mentally ill, even if they’re just going for a scalp. We may see more buying opportunities on monday but right now the only thing keeping us out of 126 territory are institution robots.
Be a dip. Buy the dip.
ride the dip and buy it twice
no. no double dipping
gonna buy some vxx weekly puts
Fly is totally on the money here. If we close poorly today (the 1st day of the month offers up an 85% +/- win rate to the bulls over last 15 years) and no policy announcement over the weekend – this will be a perfect set up for a panic type monday open… Not good.
Sorry about the loss, fly, it’s ever easy. This is dirty game.
This feels like a Sunday night intervention…and a massive one.
Crash Monday? I’m already dead. Fuckkkk.
Fear is the enemy of logic.
12-12-12
A New Beginning
V.King, are you still Knighting (though I deserve at least Baronial status)?
The Blind Read Ant seeks an honourary [sic], Noble Title from the V.King?
Time to HeadBang: http://www.youtube.com/watch?v=z56O4QHhJB8
Forget that, BRA. This is more fitting: http://www.youtube.com/watch?v=AHb4gs1hwck
O Scheit. True that. The Lombardo family lives a few miles away from me.
Wall Street has fucked up the financial markets so bad people are willing to take 1% interest for their money. Companies cannot invest even at that cost, as some short selling raiders can ruin them. This is no way to run an economy.
It’s not Wall St. this time. It’s the Germans.
LOL!
Although I am agreement, Euro Bonds are more complicated than that. Not to mention the Germans jsut dont see an end to this unless the crappy nations pass fiscal control to them. Just an opinoin.
why would anyone think that the europeans will do anything sensible? they won’t, the krauts are too stubborn
Too stubborn to give their hard earned money away.
Sweet we get confirmation on monday welcome to hell, just so you know any intervention wont be enough on sunday every country will demand billionZ and threaren with the apocaly
It’s called a stop loss my friend.
Germans raised retirement to 67 while those lazy hairy animals retire at 50 while hardly working anyway. Fuck them and everyone hating on Germany.
I knew 2 days ago new lows were coming.
as Ray Dalio said last month, the problem in Europe is similar to the problem in the USA after the revolutionary war — a bunch of states had a treaty binding them (the Articles of Confederation), but no central bank and no central government. The result? In-fighting over war debts and loans.
This led to the creation of our Federal Government over a decade later when they finally adopted the Constitution.
Europe is no different. There is no central gov’t or banking authority which can bind all these “states” together. Just a lot of in-fighting about currency, debt, and lending.
The answer is simple (create a central bank with binding power over all the States in the Union), but not easy to achieve. It took our Founding Fathers 13 years to get there, and they actually liked one another!
Not going to happen, we fought a war together and had been established as sovereign states for a few years. Even then it took 100 years and a civil war to get the ball rolling. Europeans have not gotten along for centuries; the French are too French and so on.
I agree 100% — there’s no F-ing way the Europeans can get together and act the way our Founding Fathers did in 1789. There’s not enough incentive to bind them all together.
Even in the US, it was a long hard battle to convince enough people that this was the right thing to do.
Europe is fucked.
Every time someone brings up our “founding fathers” I have to take a shot and masturbate furiously. Let’s just say I’m drunk and raw as shit right now.
Bearded Clam’s gonna ride in on a money-machet unicorn tossing bags and bags of weed and coke soon enough. What are the powers that be going to do? Let the global economy collapse even worse than 2008? Get fucking real. We’re in a much better place now to deal with such bullshittery.
As far as PBR goes, could lower oil prices actually be better for PBR since they have the price control issue on gasoline in Brazil? Just a thought.
PBR is a bullshit company that doesn’t know their ass from the holes they drill in the ground.
TMF and DGP until election day bwahaha!
I’m only down 1.5% so far today! I was expecting worse!
My EXK, PAAS, BAA and FCX are all helping me out today!
Turn those machines back on!
Berlusconi… One man in a room full of idiots.
Some of the pictures of a haughty Gaddafi visiting Italia still give me chills.
It’s like, Bo$$ B. knew EU had made Gaddafi Dead to Rights, but he had no idea… .
Market is green on monday.
As I said in late summer of 2008, ALL BANK AND HEDGE FUND DERIVATIVES should be canceled, and all lawsuits challenging this should be barred.
This could be done by unified action of the USA, England, Germany, France, Japan, Brazil, Russia, the IMF, the World Bank, our Fed and the UN.
Ol jesus
We’ll only take away the bad people’s civil rights.
dow 11,700, ????
I agree, best buying opportunity of the year is close at hand!
Too many old men out there crying for the end of the world – time to clear the slates.
Just Random Thought..the hardest part of this game is not fear/greed..but Ego. I think it was Jesse Livermore’s Ego that caused him to blow his brains out..
More likely untreated depression.
I see no panic in this tape. Gap down then sideways. We could do this for weeks. This isn’t bloody war, this is more like stomach flu.
anyone know what happened to NotableCalls.blogspot?
used to really like that spot.