We had a great start to the holiday shopping season. Santa Claus is on the way. Stocks are cheap.
No one cares.
Instead, like jackasses, everyone is mesmerized with the subprime movie, starring C, WM, CFC and a host of others, while eating popcorn—wearing bullshit 3-d glasses.
I must be in some sort investor purgatory, where everything seems rather lukewarm—but gay.
Why not give in already and go short?
Answer: because everyone else is already doing that.
For the most part, I’ve made my living, rather successfully, betting against people like you. Quite honestly, as opposed to not-so-quite lying, I do not like being on the receiving end of the shit stick.
As for today’s trading:
VMW is getting the “homo-hammer of death.” Fuck the news: the stock is a complete waste of alphabet. To hell with EMC and the retards who invented VMW.
Utilities look great. Wow, big deal.
Let me run through some of my positions here:
XFML: Mercy bounce.
GRMN: I got one right!
FMCN: 15 more points would be nice.
GME: Not too bad.
HANS: Bucket shop cheap here.
AAPL, & RIMM: Separated at birth, now are the only stocks people buy.
BBY: Very good, considering.
LZ: 5 more points please.
KTEC: Sleeper stock.
GLF: 6 more points please.
GMXR: Worst energy stock “on the globe.”
FXI: Go ahead, bet against China, see where it gets you.
FXP: I bet against China, look where it got me.
LFT: I knew “Longtop Financial” was an ominous name. Fuckers.
JCG: The best of the worst.
RS: Shitsickle.
GD: Rock solid.
BWLD: Nightmare on fat fuck street.
CN: Insane trading stock, traded by mental patients.
GILD: I should have just kept buying this one.
MVIS: Queersickle.
VMI: The farmer is milking me.
AEO: Nonsensical.
CORS: My worst investment, ever.
In short, I’d rather play with fine silverware, in a random NYC subway track, than watch my screen.
Off I go.
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When’s the CES bounce on MVIS start? The natives are getting restless.
Doug Kass is saying this market is way the fuck oversold.
Consider the following gauges of sentiment:
* Net long hedge fund exposure has plummeted. Like bank trust departments in the early to mid-1970s and mutual funds in the mid- to late 1990, hedge funds are today’s most dominant investors. According to Ed Hyman’s ISI Survey, hedge funds’ net exposure has dramatically dropped from a near record high of 61% to only 42.7%, the lowest level in over four years.
* Individual investors, too, have turned to the exits. According to the AAII survey, individual sentiment is now as bearish as at the intermediate low of summer 2006 and at the primary low of March 2003. Small investors put-buying and short-selling has risen parabolically over the last month.
* Consumer confidence makes new lows. In fact, confidence is now at the lowest level seen since the other real-estate-induced recession in 1992.
* Market oscillators are now indicating a dramatic oversold. I rely on Helene Meisler’s data in reaching this conclusion. Check out the article here — just look at the overbought/oversold readings in her latest missive for NYSE and Nasdaq issues.
In summary, I am in the negativity bubble camp now (what strange bedfellows!) because I see it statistically.
And the sentiment extreme, now in place, may sow the seeds for a tradeable year-end stock market rally and a temporary reversal of some too-accepted trends in energy prices, currency and interest rates.
That was beautiful, Fly.
The Fly is God.
“Period. Fuck you.”
-from GGR
CES bounce should be imminent.
Sit there and wait.
…..
Keep waiting.
I am holding my breath…is that bad?
kass is too early being bearish …. and ALWAYS too early being bullish.. fade that fucksicle!
fuck you bulls , youre dead!
lol.
Citigroup downgrades home-builder sector.
Oh yeah now sure seems like a good time to downgrade them, jfc.
C is just mad GS downgraded them. Its like kicking the dog after a bad day at work.
Thanks for the update.
I like AEO.
They report earnings tomorrow before the open.
Within the next few months, expect them to announce details about their fourth concept and an aggressive share repurchase program.
The only good thing about the market not punching the eyebrows off the bears is reading the FLY’s rant on how stupid this nonsense is.
For the life of me I can’t figure out if this is bullish or bearish for tellerium.
Kass is now gappings best friend
The tan man getting a chemical peel
VMI approaching 200 dma … worth the risk using the 200 minus one point as a stop
TRGL is out of gas.
The funny thing will be if we get the “crash” that Kass had been calling for AFTER the bastard turns bullish.
That will take the cake.
mvis fucking blows
MVIS is sacred around here ( as well as gay ) – no cursing the sacred cow aloud or allowed
Fleck thinks Kass is trying to be too cute , playing for a rally
you may not realize this, but tellerium is one of the key ingredients for tin foil.
……hats.
NTRI on fire
in addition to what gapping said, there is a ton of insider buying and the fed model shows stocks 45% undervalued. bernanke, paulson and company will bailout anything that needs bailing out. the last hulbert survey showed sentiment in minus.
treasuries rates going to zero, japan style
For all those who have missed JJ ; I’ve been informed that he will not be allowed to play today. It seems he is being detained.
there will be no CES bounce – it will jack off when/if there is something to see at CES
then you stocktards will sell into the jack and it will be queer again
Praise the Fly. LOL.
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