Is the “FLY” right?

Despite today’s monster melt up [[FWLT]] [[FLR]] [[MDR]] are trading down while [[ABB]] [[JEC]] [[EME]] [[CX]] and [[SI]] are doing mostly nothing….

You may be correct in time machine telling these companies futures. I just find it strange that there is no activity here.

Perhaps they are being “nekkid” shorted because somebody wants them.

Good call FLY!

Investment banks and brokerage arms of the banking industry have sat on stocks and shorted them to death “nekkid” or not.

Now the same people who kill stocks and investors dreams are going to be protected.

Criminals protecting criminals. Disgusting…

You people need to wake up. The public is not stupid.

May your strategies not work. May your house of cards fall and crumble to the ground.

STOP NAKED SHORTING FOR ALL COMPANIES PERIOD…AND NOT JUST THE CABAL CROWD.

F#@! YOU COX AND COMPANY!

Sorry for the rant…this is a blood boiling, blow a gasket issue for GW. My wife wants to know why I’m throwing stuff at the t.v.

All the longs can now take a deep breath for the markets are in a full fledge melt up. The close will determine our strength.

Considering, an oversold condition, the vix hitting 30 yesterday, and oil weak in the knees we may get a really nice rally short term.

The key to determining our strength is the S&P. We need a close above 1231. The next levels to break would be 1240-44, and then we could probably assume a close above 1244 would yield a rally up to 1280ish. With a few successive closes above 1275-1281 we could look for the 1310-1325 level.

Good luck to all longs,

by GW

Your oil bubble is bursting. A close below $134-$135 is a key let down for oil bulls. Now we need to break $130 which will happen soon.

Wibur Ross went short oil yesterday, and from what I have seen he does not muck around.

I think we are looking at a long term trend in oil going down.

Pain has been dealt, but will not be delt to the point where we have frozen seniors.

This is cause for the markets to trade much higher.

All we need now is talk of strategic oil reserves, new exploration, etc. and we can crush oil for a quarter or two.

Do not get all excited about refiners just yet. They are good long term bets, but could suffer some more short selling into the next quarterly reports. [[USO]] needs a break of $107 for full capitulation in oil. This is good news though for our messed up scenario.

Let us call a spade a spade. Inflation should be renamed currency debasement.

If the SEC bars “nekkid” shorting on brokerage stocks then the rules of the game are not the same for all investors. The brokerage firms can short any stock they like, but market players can not short brokerage companies. These brokerage firms have been “nekkid” shorting stocks for years. Some how if implemented this does not seem to be fair play.

At any rate currency debasement (CPI) has reached a 26 year high. Hurray for the actions of the FEDERAL RESERVE!!!

I thought this was an interesting quote before his career got started:

ALAN GREENSPAN: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”

GLT

by GW

This video is in no way meant to disrespect the men and women in our Armed Forces.

[youtube:http://www.youtube.com/watch?v=0GRR_n_yQGA 450 300]

GW bought SY in the mid 29’s

SNHY in the low 32’s

EME in the mid 25’s

Note~ Do not follow me into these trades as we are not sure if a bottom has been found. You may get deballed and lose serious coin.