Market psychology is very fragile right now.
On one hand, my “intelligent” bearish friends are scared shitless of a “technical breakout,” which can send the Dow up another 200-300 points. On the other, my bullish friends are booking profits here, afraid to ride long into earnings season.
One reasonable explanation for the recent rally is end of quarter window dressing. Fund managers are drinking the bottom kool-aid, putting cash to work at a frantic pace, in order to polish up their marketing material.
Expect the winners to keep winning, while the losers do nothing.
Additionally, it seems everyone has anointed the demise of [[BSC]] as the seminal moment which will mark the bottom for all eternity, similar to the Long Term Capital collapse.
This, as you know, is absurd. The problems we face today are far more systemic and will be spearheaded by a recession.
My bets are on Joey Bag-o-Donuts’ inability to buy a 3rd plasma tv, not a total collapse of the banking system—resulting in a market crash. That’s stupid.
I accept the fact that the government will backstop the banks and keep them afloat. However, they cannot make people shop at [[BBY]] or buy houses from [[HOV]].
To hedge against my short selling stupidity, I’ve been buying [[DGP]] and [[EWH]].
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I already have 6 plasma TV’s
Oh, yeah, well I have plasma TVs in every room of my house and two in the bathroom (to watch CNBC and ESPN at the same time from the shitter). My mortgage broker just called about the re-fi on my house in Stockton, CA, and I’m shopping on Ebay for another Beemer (I’ll replenish my Paypal account with advances from my “portfolio” of credit cards).
Good times!
Best scenario for the bulls, sell this sucker off modestly into the close. Come back tomorrow with more firepower.
I’ve bought QID and DXD to sell into the close, expecting weakness.
Hey guys, I’ve still got my untapped 401k!
Prosperity is just around the corner!
You guys reminded my that I need to hit the pawn shop for more cash with my stuff.
I also plan on winning the lottery.
Recession? We don’t need no stinkin’ recession!
This is Joey. All of youse can go fuck off!
Fly,
I miss the market info on your home page…what’s up?
market data will be back.
El–
We sent you an invoice. That info is now billable to all internet asshats.
Have a good day.
Thanks sweetcheeks (in accounting) I think my Asshat is on Baacckkwaaaardsss toodaaay.
I see stocks and I want to sell them.
Fly tries out some window dressing whilst simultaneously working on new “Bilderbergisms.”
Wells Fargo is saying they are “opened to a Fed-brokered deal” to acquire a “fixer-upper”.
I would like to take this moment to announce that I too am open to a Fed-brokered deal, to acquire a new car, such as an Audi S5. It can be new or used… as long as the Fed backstops any risk of me getting a “lemon”.
“market data will be back”
Strike Over.
Fuck, If it wasn’t for that damn bounce off 1340 to give the bulls confidence. Oh well, I’m patient.
Will LNN look for support at 80ish area or will it skip the gap filling and go to 120?
Hillary wants to backstop all the people who are subject to foreclosure. Hey, if the Fed can bailout Bear, why the hell not Joey-bag of donuts, Joey-bag of credit cards, Joey bag-o-debt, Joey-bag-of stuff, Joey bag-o-consumerism. and just plain ‘ol Joey?
Why not? I mean, don’t they create money out of thin air? There’s plenty to go around, right?
You sure EWT isn’t the one you want?
That’s the one Jimmah Rogahs lahks.
No, really.
I’m a kangaroo.
I have lots of equity in my modest home, I pay all my bills on time, and I have little debt. What do I get?
You fuckers are stealing my schtick.
Watch out next time you go outside as I’m on my 16th Monster soda and I’ll be there to punch off your bowtie shaped mustache with my windmill knockout punch bitches
Bring it on, magic.
Joey is a very common name on this blog. Odd, no?
Hey Responsible…in answer to your question…
A toaster and a set of steak knives. Borrow $100k at 12% and we’ll throw in a set of collectible National Park spoons.
“I have lots of equity in my modest home, I pay all my bills on time, and I have little debt. What do I get?”
You get a donut.
.
Sorry, I don’t eat donuts. I eat clean and exercise regularly.
Now that I think about it, being responsible is actually pretty unrewarding.
Joey Responsible –
Thank you for being responsible, however, we have determined that since you are responsible, you do not qualify for the $600 tax giveaway rebate check.
No worries, Joey, we’re going to make sure everyone gets the same goods and services no matter if they expend any effort at all.
We’ll show that Soviet Union how to really make socialism work, won’t we?
Yes we can!
Bring it, Tricksy.
“Joey Responsible Says:
I have lots of equity in my modest home, I pay all my bills on time, and I have little debt. What do I get?”
You get inflation fucker.
real estate can only go up from here!!!!
Isn’t there an ultra version of EWH?
I know thre’s
UOPIX, UAPIX, UMPIX, UDPIX, UJPIX, UNPIX, UUPIX, ULPIX and probably more “__PIX”
I’ve been stuck in more slots and crannies than Ron Jeremy’S TONGUE
http://www.decisionpoint.com/TAC/ProFunds.html
UJPIX: find it yourself