If we are heading into recession, as sure as I’m sitting here, the major indices will be 10-15% lower by mid-year. Take notice of the abysmal start to 2008 as a warning shot.
If your approach to the market is to go long stocks, all the time, regardless of reason—you are in for a rough lesson.
See, unlike you low-end fuckers, “The Fly” learned a thing or two, playing down markets in 2000-2002.
Right now, [[FXP]] is my largest position. Look you, all bubbles come to an end, no matter how sophisticated the puppet masters are. Remember MNCS?
Also, with President Bush talking down oil in the middle east, I want to buy more [[DCR]] and [[DUG]].
Finally, my [[DECK]] and [[LEH]] shorts are working here. And, on the back of that homo [[C]] number, I am bulking up on my [[SKF]] position.
Basically, “The Fly” is a big ol’ bear & shit.
UPDATE: Citigroup- Credit rating cut to AA- by S&P following loss- Bloomberg (28.13 -0.93)
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Your not a true bear til you short GME 😛
DECK feeling a bit weezie this morning.. Just dont look down my friend.
Why is MA up now???? Please short it someone.
crm is living in the land that funds forgot with 100,000 traded. When they wake up, shave another buck or two, or three or four.
Fly, good hunting on DECK. Those Barbarella chics always pissed me off.
Fly,
Any idea what these guys do these days?
Stanley Druckenmiller and Nicholas Roditi
Cubs —
He needs to short RIMM too.
Not only is FXP making my day, but as an added bonus, Rajin’s EDU is giving me a schadenfreude shiver.
__________
Also, w/ regard to:
If your approach to the market entails stocks trade up, all the time, no matter what, you are in for a rough lesson.
I’m not sure what’s wrong with that sentence, but it sounds messed up.
Anon:
Fuck off.
Jake:
I agree with that sentence. Funny, its been bugging me.
Off to fix it.
does the “all stocks in the 80s go to the 120s” rule apply to short china ETFs??
I’m pretty sure Druckenmiller’s still running hedge money. Mostly his own.
He had a pretty shitty break-up with his old love Soros in October or so of 2000, right as the market was melting down.
Cost me a deal on the private equity side, the bastage.
Gunners:
Definitely!
sounds good. so tempting to sell right now… but i think i’ll wait
For those of you who were participating in the discussion the other day (I know, the PG spins by too quickly for me too), EWZ is now officially a short.
Sorry for all you “Brahma Bulls.”
Wow, I added to my DECK short this morning and it filled 2 pennies short of the high! Yes!!!
Right you are, Fly (that’s my best Yoda impression for the morning) !
Recession on the way. The emerging markets are confirming it: EWZ, EWH, EWS, FXI, EWY, ad nauseum.
Only EWT and EWM have any resemblence of a Costanza-like rally.
CRM , if you are buying these hsares today and you are young.. prepare for your next career hustling blowjobs behind the Gravesvoort Meat Market. If you are not young, keep going a couple of blocks west til it gets wet and chilly. Put lots of pebbles in your pockets.
Holy crap, DECK going to zero, eventually!
In a variation of what one of my more trusted servants –Marie Antoinette — used to say:
Let them eat CROX!
add EEM
Obviously she lost her head over that statement.