Take that bulls bears!
For fear of closing in the red, I couldn’t wait, until 3:45, to re-release this news.
You’re welcome.
UPDATE: The investment banks only took in 86 billion in free money from the Fed. Hell, that’s fucking great news. That means they only have 86 billion in write downs left, no? Even more good news.
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alias: BPOE
I’m glad the market didn’t rally past 15:00. It was starting to form a FLY ASS CRACK Pattern.
Where’s BAC’s backstop from the Fed? Next leg down?
APOL another -5.0% after the bell.
Notice how I gave you bears a good entry on ABK at 8 with my pumpage you up. Today, that POS sits near 6.
You’re welcome.
For my next act, I will suggest giving Dennis Kneale a raise, a promotion & an on-air (bear)hug.
What should we take away from the banks only taking $86 Billion?
They only needed 86 billion today.
FUUUCCKKK! The large scale implosion will only be larger. Drinking cool-aid is fucked…
Isn’t it ironic that Gasparino and Kneale hate each other? I mean, that makes no sense. I guess there are many types of idiot and they’re not all compatible.
Anyone else think LEH dies into the close?
-DT
Does one sell LEH when it closes the gap at $35 and short again on a bounce or does one wait ’til it goes to 0?
I’m going to start throwing a dart at Maria’s or Erin’s face everytime they say the word “bottom”.
Even other assholes can’t stand assholes.
DIE LEH DIE, HAHAHAHAHAHAHA
Disclosure: Long LEH Puts
Bearish Fly would never cover LEH here.
Gabelli just said the Dow will be at 2.3 million in 90 years.
Good news everyone.
I’m buying some DIA now and will jump into my time machine, fast forward 90 years, to sell it.
Be right back.
HAHAHA my great-grandchildren will be rich, I will not, because I have no time machine.
Fly,
Couldn’t this also be interpreted as an arbitrage opportunity for Goldman and such? Hell, with the yield of .330 (no typo), it’s a joke not to jump all over this. I guess that’s what the market is discounting, kind of like the yield curve for banks.
I piss .330% yields…
Ok, I’m back. I just made 3 trillion dollars.
Hey, didn’t you fuckers see my “Re-Breaking News”?
The market should be RUNNING on such newz.
My apologies to my boys over at LEH, and any other LEH employees on this board.
Nothing personal.
Bearish Fly is back.
Developing…
Welcome Back Fly!
The Fly for President.
Boca,
Maybe Maria can be the Bottom and Erin the Top and then they can rotate to be fair ….
Where’s Covino?
CRM finally getting wacked …. Cov must be breaking open some monster drink or else he’s napping.
I would like to commend you Fly on your self restraint for the day although the effort required is clearly palpable from your pseudo-bull postings.
Your only blemish is your slip at the end of the day that sent LEH on the road to redemption after almost falling into the abyss. No matter tomorrow is a new day.
With the coin I banked I owe you a 2 1/2 rib-eye or a pile of poop, whatever makes you happier. Of course you get no side orders because of your little screw-up.
Fly you didn’t account for inflation. That 3 trillion dollars you made in the future, is only worth a paltry $30,000 in today’s dollars.
You can thank Bernanke’s great grandson for that one.
^Disclosure: “Paltry”, as it relates to “I only work with large numbers, e.g. seven figures and up”.