The [[ABK]] news was entirely irrelevant. So, with all the facts on the table, it is clear that the banks were using and manipulating CNBC, via Gasparino, in order to prop up shares of ABK, in order to price an offering. As you know, “The Fly” predicted this, long ago.
Now that the news is out, investors/trading fools are selling the banks with great vigor. However, as sure as I’m sitting here, the “cup fuckers” who run our banks will leak more potential “good news” to CNBC, in an effort to get their share prices up, prior to the release of their 10-k’s. Maybe a potential [[MBI]] news? Why the heck not?
What’s amazing to me is the ridiculous stupidity and naivety of big dog money mangers, buying into this hype. To put things plainly: going long now, without hedges, is nothing more than riverboat gambling. Do not be surprised, at quarter’s end, to read headlines of hedge funds closing up shop.
For the most part, they all suck.
With my money, right now, I’m going short [[MON]]. Fuck those seeds.
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worst “bailout” ever.
Your analysis of this Gasparino thing, I hate to say, is dead on. Our media is a big fucking joke in every… single… regard.
Can you elaborate somewhat on your hatred of seeds? I mean, CNBC and Gasparino suck so you suddenly hate things that grow from the earth?
-DT
Fly:
News of monoline bailout fell on deaf ears as predicted. You thought it might melt markets up, not. MBIA hype? They just eliminated their dividend.
I doubled up on my net short position.
Did I just fucking short ABX with gold nearing $1k? Fuck yeah! Stop at $53.
so everyone buying things at lows are stupid but your shorting MON in the hot sector at the highs is smart?
Yeah Charlie …. news is immedent … how immedent? …. put your powder on and spread your legs …. you’ve just lost your credibility cherry!
GS pin action says we rally into the close IMO.
“For the most part, they all suck.”
That pretty much sums up the hedge fund and mutual fund world, with the exception of some friends at WASAX.
42.08% trailing 12 mos thru yesterday.
11.51% since mkt peak 10/09/07.
Excited for MBI’s victory in the iBC Final Four, and my celebratory post, filled with market musings & ingenious insights.
A sample, for now:
You’ll want to consider DUF here.
I’m going to coin a new term: “rainbow swan”
It’s like a black swan, but “fruitier”.
While a Black Swan shocks the market with its statistical improbability, a Rainbow Swan dazzles the market with its flamboyant gayness … causing stocks to trade sideways when clearly they should be moving.
don’t believe the hype…. don’t believe dont dont dont believe.. don’t believe the hype
Heads will roll. This thing ain’t over until the fat lady vaults herself onto ABK, belly flop style.
Looks like Lulu went to a Toy and Click party with her brand new upgrade. Undoubtedly, expensive yoga clothes made from pine cones will be all the rage this year and the accelerated options extracted by the CEO in these days of plenty is a good sign. Go Lulu.
McFly, what you expect these cornholes to do -give up the 2 and twenty and wear hot shorts and a wig behind Gravesvoort Meat market late at night to bankroll the coke habit. You know they will bankrupt every widow child and pensioneer’s retirement before they go squealingly into that shitty night.
Calvino:
I hear you. LULU shorts took it with no vaseline today. Me being one of them. Don’t worry, fear not. LULU setting up for the fall.
Nice website!!