I bet you (bearshitters) thought the DOW was going to tank, didn’t you?
Much to your chagrin, the market finished up more than 60 points, closing out the week in big dicked fashion.
Check this out:
We’re going higher bitches, despite what Carter Worth and other asshats say.
With my money, I’m buying bullshit garbage stocks, trying to help cause a domino short squeeze effect.
Basically, “The Fly’s” time machine is operational again, with wins in his shorts (TIF, DCR inverse) and bigger wins in his longs (JCG, FTK, VMW, LFT, etc).
As you know, VMI grates my soul, unable to bust loose. Patiently, I will keep buying the stock, until I get my way.
Finally, do not misconstrue my over-hyper bullishness for recklessness. Again, my portfolio’s are conservatively diversified amongst the 10 principal sectors in the S & P 500. And, no position of mine constitutes more than 7% of my holdings.
Never bet the house, just the car, wardrobe and watch.
If you enjoy the content at iBankCoin, please follow us on Twitter
Love the closing comments. You da man.
With all the musicology going on – we get this tune. Love it.
Is Jake feeding you these tunes?
Assuming a down day is equally likely as an up day, probability of closing up 5 days in a row = 3.1%
Fuck you.
Fly, what happens when we die?
The market can’t look strong leading into the Fed meeting, so I bet we see weakness in the week ahead.
Fly,
You’re playing this “bear market rally” like a champ.
Keep it up.
-DT
It’s 4 o’clock, do you know where you botox is at?
wtf is up with Maria’s lips.
Well, we are there boys and girls. The retracement to overhead resistence is a few ticks above; however, the oversold condition still exists. No more than 200 dow points upside prior to Fed. If we do, expect volatilitity whipsawing us up and down until the meeting. Downside…..well, fuck that – bears are peeing themselves until Fed day. No way do they mount a serious (-300) charge before the 11th unless we find out that Microsoft or Intel have CDOs that they can’t value. Regardless of who has been naughty or nice, get that list together and be prepared to pull back on the throttle hard.
Disclaimer: I have no more than 95% of my investment capital, my dad’s investment capital, my wife’s investment capital, and my whore’s investment capital in Large Cap Technology and Internal stocks.
That fucker Poole jawboning this shit. I’d like to smack him up side the head with my putz.
DJ Fed’s Poole: US Econ Shouldn’t Suffer To Punish Speculators
By Emily Barrett
Of DOW JONES NEWSWIRES
The economy shouldn’t be held to ransom to punish speculators, St. Louis Federal Reserve President William Poole said Friday, insisting that the recent interest-rate cuts were necessary to prevent a “financial calamity” from hitting growth.
“An active financial market is central to the process of economic growth,” Poole said in prepared remarks to the Cato Institute in Washington. “And it is that growth, not prices in financial markets per se, that the Fed cares about,” he added.
Poole’s speech focused on moral hazard – a particularly contentious issue of late given the Fed’s reluctance to be seen cutting rates to placate financial markets.
His comments are particularly timely as conditions in the money markets appear to be worsening, with a sharp spike upwards in one-month lending rates. This has prompted louder calls for a further cut to the 4.5% target federal-funds rate.
The central bank has already lopped three-quarters of a percentage point off its target rate since the liquidity crisis hit in the summer. It is widely expected to cut again at its Dec. 11 meeting – many say by as much as 50 basis points.
This speech from Poole, who is a voting member of the Fed’s rate-setting committee, does nothing to dampen that expectation.
He did, however, point out that any such action from the Fed is unlikely to help investors facing losses on assets linked to the failing subprime mortgage market.
“In the present situation, many investors in subprime paper will take heavy losses, and there is no monetary policy that could avoid those losses,” he said.
Poole also defended the central bank against the charge that easy monetary policy – in particular the easy availability of credit – had encouraged unsound investment strategies, and brought about the current market woes.
“Since the end of the Great Inflation, most bouts of financial instability have been associated with innovation and not with excesses created by economic stability,” he said.
He likened the structured finance and derivatives technology that flourished in the past few years of low interest rates to the new initiatives of the dotcom boom.
And similarly, he said, some of these innovations will prove to have failed.
“Some financial strategies will go the way of the steam automobile; others will be refined and become as common and routinely successful as the personal computer,” the central banker said.
-By Emily Barrett, Dow Jones Newswires; 201-938-2248; [email protected]
(END) Dow Jones Newswires
November 30, 2007 16:11 ET (21:11 GMT)
Cubs, she blew the Bull to make him run.
Ah, back from my meeting and what do you know?
Jake wins.
Coincidentary, I too, am back flom meeting wit opium and laundry concessionallies.
And LIMM ruses!
Off topic –
Wood, you won’t believe this, but when you said that you listen to Bluegrass and gave the “has New in the name” hint, I thought “New Grass Revival”
I saw them a couple times, eons ago, at the Strawberry Bluegrass Festival outside of Yosemite.When the announcer introduced Sam Bush, he described him as being able to arc-weld with his tonsils.
Also got to see Bela Fleck in his first, tiny tour with the Flecktones. He was totally new to having to be out front and talk to the audience.
I saw the Flecktones again years later in the Boston area. Sam Bush made a guest appearance.
Second the bluegrass. One day, I will play the banjo like Hobart Smith.
Also second Guns ‘n Roses, the real rock ‘n roll band.
Guns n’ Roses?
Didn’t they have action figures?
Here’s a sample of one of my favorite bluegrass tunes – hell, one of my favorite pieces of music, period. I’m not saying that it is an undeniable masterpiece – just that this is one of a handful of tunes that gets inside my body and takes over.
“Crossing the Cumberlands”, performed by Laurie Lewis and the Grant Street String Band.
It’s just a simple instrumental, but I love Bluegrass mostly for the sounds of the instruments.
A sample can’t do it justice – it’s like a still from a video.
Those of you who are fond of the music Fly usually posts will probably snort Monster out your noses and claw at your ears, so you might want to skip the link.
http://www.amazon.com/gp/music/wma-pop-up/B000003OL0001012/ref=mu_sam_wma_001_012
Sheesh. Half you boys are southern, blue grass country hicks! It’s no wonder you don’t make any “Yankee money”.
Almost sounded sitar-like… interesting.
My wife is from the Bluegrass, so I am osmosissed onto a lot of this stuff.
I tend to like the old stuff better, though.
I’m a Yankee who prefers the South and it’s Confederate specie.
(As a practical matter, the chicks are about ten thousand percent better as well)
Coincidentally, guns ‘n roses is what I gave my wife for her birthday.
banjo picking hillbillies sucking corn based rocket fuel sitting on soft fruniture on the front proch looking out on the unmowed lawn where the z-28 sits on blocks waiting for the goverment check to buy a new water pump.
WOOD, name that tume.
http://www.gruhn.com/features/cowan/BF2718.html
Thought you New Grass guys would like this
There’s nothing that can match a fine piece of good ‘ol Texas cowgirl. Hooo-weee.
What’s a grit?
I only lived in the South for 2 years of my life, when young. The South won’t claim me, and vice versa.
Our neighbors drank Coke at breakfast and raised rabbits for food, so, naturally, I assume everyone in the South does that.
I thought you were about making money? This blog has now morphed into Rolling Stone magazine. Fly needs to initiate a “no music” policy.
I’m going to go tune my sitar / guitar/ harp now.
“Our neighbors drank Coke at breakfast and raised rabbits for food, so, naturally, I assume everyone in the South does that.”
….they also co-habit with first cousins and sit around playing “Deliverance” tunes.
Jake what did you win?
If you guys want to short something short Honda Motors. Anyone who has a commercial with faggot cum guzzling hippies thinking a van is “cool” should be taken out to the fucking cow pasture and shot the fuck up Rambo style with a .50 cal. This is the shit that breeds pussies. I am sorry but if you think living in a van down by the river is cool then you sir are a fucked up cookie monster fucker with no balls and most likely long hear. This is why the 47.5 and up crowd has such an inferior IQ. http://automobiles.honda.com/odyssey/videos.aspx
Lighten up juju bee. The market’s closed and even the Fly has (admittedly warped) musical interests.
__________
Frosty, I don’t know where you hail from, but I grew up on Long Island and if I never see another Z-28 (or similar schitty Pontiac Firebird, etc), it’ll be too soon.
Since I’ve moved South, I’ve discovered there’s not much difference between a dirtbag Long Island guido and a redneck, save maybe accents.
And the Lawn Guylander’s is worse.
By far.
Hey fuck face I drink coke (diet, fat fuckers) for breakfast and snort it for dinner so fuck off and I am from the south (originally). I don’t eat rabbit though but I do eat most other animals since I am not a pussy and I prefer being respectful to plants.
By the way I am taking a little hop over to Dubai in a couple weeks to see if there is shit worth doing there business wise or if there are just camels, neck saws and ski slopes. Anyone here been before?
Gaps– isn’t it a Mini-van?
And you are correct in your interpretation of the commercial.
Commie hippy baby boomers do need to be taken out in a colorful Logan’s Run-esque formal ceremony.
The lot of them.
Gap,
Been to Dubai a couple of times. Quite an amazing place. Prepare to be shocked – in a good way. I’d live there if it wasn’t so hot and humid in the summer. Weather is great this time of the year though. Lots of business opportunity there. Get to know a few people before you undertake anything. Its all about who you know there, even more so than here.
Cap—I agree. Was in that part of the world in the oil bidness. It’s a great place, but too hot for me, as well.
The women miss the mark—badly,…but I’m used to good lookin’ sweet-talkin’ southern belles.
gap…short HMC…you must be kidding.
What a week. I just got my domestic helper to clean up all the blood from yesterdays rampage. I personally shot the kneecaps of 78 bears with my Chinese copy 12 gauge!
Good call Boomer.
I once saw the members of New Grass Revival over 10 years ago near Campobello S.C., in a small music park/campground. They were the only band there, everyone camped out, and they played entirely electric as Duckbutter.
Of course Sam played the electric guitar. They had a huge sign up that said No Mandolins Allowed.
They play 4 hours of 60s, 70s, and 80s rock and roll. With John Cowan’s vocals and Sam on the electric guitar, it was a phenomenol show.
Of course the fact that my tent and booze was only 150 yards away from the stage was icing on the cake.
Juju-
I gave your wife something better for her birthday.
Fly,
are there any deals being worked on at MVIS. Any info, its been way too quiet. Hopefully AT will keep the end of year promise.
thanks.
kd
From the stuff you just don’t want to hear dept.:
Moody’s Says Citigroup SIV Debt Ratings Under Threat (Update3)
By Shannon D. Harrington
Nov. 30 (Bloomberg) — Moody’s Investors Service said $64.9 billion of debt sold by Citigroup Inc.’s structured investment vehicles was cut or placed on review for a downgrade as part of a review of $130 billion of SIV debt.
The ratings company surveyed 20 SIVs since Nov. 7 and expanded its review after noticing “significant additional deterioration” in asset values, according to a statement today. Links Finance Corp., a SIV sponsored by Bank of Montreal with $19.1 billion of debt, may have its ratings cut, Moody’s said.
http://www.bloomberg.com/apps/news?pid=
20601087&sid=aTL58fPwqcXY&refer=home
VA TECH HOKIES BEAT BC 30 TO 16 AND ARE ACC CHAMPIONS AND GO TO THE ORANGE BOWL…YEAH BABY!!!
Ga will beat the fucking stew outta VT.
Threehorsemen, those corn fed Ga fuckers are still dizzy and under-hydrated from the recent drought.
As such, they will be pummeled.
Cha cha cha cha……
chagrin
Ok which one of you is this?
Or is this the fly’s other site?
Maybe woodshedder since they both like shed in there names.
Fly you got a damn cult and it needs to be stopped before you take over the world.
http://shedtheweightby08.blogspot.com/
t has to be someone here – with all the Behold, Update I, II, chuckle, not laugh…. but it isnt funny, which makes me think its not fly.
Mr. Fly…
I had no idea you could sing.
Can’t deny it. Spitting image of you, caught on tape!
lol!