Redemptions forcing selling. WFC‘s CEO comparing this market to the “Great Depression.” Doug Kass going bullish.
I could go on.
This trade is too fucking easy. Buy the close– sell the open– short the afternoon.
Repeat.
Look you, don’t do what I do. It’s past “funny sell off.” This is serious business. The last thing I want to do is contribute to the subprime housing crisis, via subprime internet stock picks.
With all the topping action in leadership sectors, it’s dangerous to buy here.
Me, I’m like that Astor guy in the Titanic movie, drinking rich man’s whiskey, as the fucking boat capsizes.
However, I will say, RBS looks like shit on a spindle. I hear some fucking “shoes may drop” on them.
Good. Braveheart cocksuckers.
In closing, the trend is broken. Don’t chase stocks down, while the floor keeps being lowered. In a serious recession, most of your stocks will be 20-50% lower, from today’s close.
Off to eat hot dog skins.
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“most of your stocks will be 20-50% lower”
Ouch, this would effectively bankrupt all retail longs on margin.
I’m buying more.
funny guy
they say the root of comedy is in tragedy
Sure you can move to cash and wait it out but even the money market funds aren’t safe right now, so what can you buy? Can’t buy US stocks, really can’t buy international stocks, won’t touch bonds, my cash fund might go to 95% tomorrow, real estate is a bust, commodities are too risky at these levels so what does that leave us?
Buy goats?
“what does that leave us?”
China stocks and Chinese food.
goat meat is very good my friend….
No Santa Clause rally?
Buy xfml, bottom bounce & pin action last two hours. The company is awaiting its due, what part did the bear shitters not understand?
SBUX getting HH of D
Ron Paul collecting fans, big money, fuckers …
Not to worry, traders! I’m going short everything so we can get back into bull, fuck the short, kick old men down open elevator shaft mode. QID, DXD, and SD fucking S
Ron Paul is a complete assclown who would love to see the Dow at 5,000.
Fly,
Wha’d I tell ya? I see that we now agree about a move down to 12,800. Fuck the charts. They don’t tell you shit in this market. Read the tape.
We are in trouble now. Er, I should say, you are in trouble. I’m 100% in cash, old-fucker style.
Paul Wurt, candy cane up yers.
Good night.
Andy – no politics allowed on this site
Fun investment facts:
Goat sales typically increase over the holiday period.
In 2006, the average price for a Billy goat was $200 / cwt. Nannys were $110 and Kids were $100.
However, current prices indicate an increase of about 22% in all three types, mainly due to demand for goat milk / cheese and religious practices.
In 2007 the Day of Sacrifice (Eid al Adha – Muslims) will be about 5 days earlier than in 2006 and may fall on December 26, 2007 depending on sighting of the moon.
More irrelevance.
The Federal Reserve injected more than $47 billion into the banking system on Thursday, its biggest temporary daily infusion into the U.S. banking system since just after the September 11, 2001 attacks.
Fly-Try the Hebrew National skins lightly grilled for four minutes on each side. Grill the bun, add mustard, onions, relish and sauerkraut if so desired.
SBUX is the Barry Bonds of the market-LOSER.
Actually, Q’s did okay and SMH did okay on a relative basis. Could’ve been the big boys screwing around again. I’ m going to watch for any strength here tomorrow.
Biotech time-bomb ABII was up 52% today, so the market is only 99.99989% in the shitter.
Notice how the Federal Reserve $47billion cash injection is nowhere near the top stories of the day (at least on Yahoo!), providing additional proof of my hypothesis that we are force fed the bad news (as I hypothesized in my comment over here ) to further stir up all this fear.
I’m not saying that everything is good, cause obviously this subprime bullshit is fucked, but with news/outlooks playing such a huge part in the market, it would be nice if there was some objectivity.
But as this post proves, it’s a lot easier to write negatively and to criticize. Fucking media!
stocks are for asshats . I want Howard Sterns job
Very true, DPeezy. Go to any of the mainstream financial sites like Marketwatch over the weekend and without fail it’s “LOOMING DISASTER” headlines. That site, and all other mega financial sites are a heap of fearmongering shit. And I am sick of watching Erin Burnett getting her undies all steamy everytime the damn DOW futures point to a huge drop at the open.
Watch what you say to people like me gramps. You might end up at the bottom of an empty mine shaft, Spartan style.
USD/JPY to 95.
Peezy, don’t blame the media that Helicopter Ben shot the dollar.
I finally figured out who “Juice” is.
Schit am I a retard.
BRUUUUUCE
about time Jakester
If the market keeps going down, this will be Flys dinner tomorrow night
Dammit, who is Juice? Fuck, that’s the 3rd time I’ve asked.
Dpeezy, those injections of liquidity get paid back typically within 24 hours, but usually no greater than 3 days. So, what you should be asking is what would be market have done without it, and what will be sold tomorrow to pay it back?
Seriously, most of it goes to banks.
For what its worth, Daniel Loeb of Third Point is buying XFML.
STV beats by 5c 20c v 15c consensus and down 14% in AH ? WTF …. Guidance in line 15.5-17.5 mil rev Q4 guidance v 16 mil consensus. You can be sure they earn 17.5 mil or more.
China Digiter TV plovide Chinee peeper access to digiter terevision via set top box. Chinee peeper rike watch digiter TV rike Amelican peeper .
If the market recover near term and we avoid a bear market I am going all into China. Buy every single China lotto stock and hedge with a little FXP. Screw it. China will double in the next 6-9 months. Tiny shit like XFML will trade at $50+ as mania sweeps China.
fly — why not focus on your awareness of a down market: short the 2nd-tier names; short financials on strength?
The downward trend is in place as much as the upwartd trend was in place in March ’03.
Howdy GUYS!
Very Nice New Diggs Comps to the Mrs’s MR. FLY
( I do like the couach )
I shooted RIMM AAPL DRYS and VMW ALL NEAR THE TOPS, and just to add to my gains I BROUGHT DEC PUTS all way out which ARE NOW AY WAY IN THE $$$…..
I COVER ALL THATS LEFT AND SELL ALL THATS REMAINING OF THE PUTS TOMMOROW….BEEN NICE BUT >>>ITS XMAS NOW 4 ME
Then I BUY MVIS!
FLY oh my…the cheerleaders skirts are over their heads…flaming the poor tape into a QQQQ 50 pin…girls are so silly.
Listen to muskatel because his name resembles, “muskrat”, a very shrewd and versatile water rodent.
Weak volume today… we may see weak bounces into Thanksgiving. The real blood-letting may not come until December.
But then, I got sucked into that “rally” just after 3, and I run a third-tier blog that is currently on hiatus, so what do I know?
Clearly though, worse stuff is down the road… whether it hits in December or early next year doesn’t really matter much.
-DT
The sell side will hold the tape up here….buy the dips, you know the drill. suck them in…the FLY is right we go lower as is the dino…like the latters timing much better…46 QQQQ is coming, hard to dispute that…shorting ops expo firday, we will see very soon…pin the 50 give some hope, suck some in on the turkey trade and mark the month with hope…bear markets are designing to hurt the most, not a few…turds sink to the bottom of the bowl, girls cry all the way home…baby bears are the first to hit the bench.
trader frosty–exactly.
Oh!
Well, then.
Fuck you very much, Uncle Frosty!
Jake, if you don’t tell me who Juice is, I will take your prickly balls and drift them over the top of a belt sander running 480 grit.
Shit, meant 80 grit. 480 would prolly just polish them, although Mrs. Gint might enjoy that…..
jake the investor…jake the rack….making copies.
Juice rhymes with his old screen name.
(And if you were observant, you’d see KC gave it away already)
Woody, do you think a kid from Lawn Guyand know what the flu you are tawkin’ about wit ya sandpapah references?
If you knew shit about woodworking, it was because you were in the “Dumbass track” in high school.
Like witless Frosty.
http://youtube.com/watch?v=rbxIWBITQ6A
On this or any other fucked day in the market…
God damnit Fly. You’re just gambling now. Usually the house has a very slight advantage, but the way you go bareback in the markets, the Vegas casinos are getting envious. At least in Vegas, you get free drinks.
The Fed is just replacing expiring repos with new ones.
Not gambling.
Everyone has their bias. I just have the balls to stay bullish, much to my chagrin.
That’s all.
5 stars for Ducati’s Countrywide piece. Angie ran the fucking company into the ground and he will pay the shareholder dividend in tanning lotion in the foreseeable future.
FLY! NO!
MAKE THE BEARS BEHOLD THE DEATH OF THEIR TYRANT, DUCATTI!
The Fly will win. Because he stands tall in the face of danger. Who cares if following The Fly may bankrupt you. His lessons are priceless.
I see mvis the shit bag finnally moved up. Mutual funds are moving into the sector……..Yippee
Saved by the Mutuals!