Stop with the chips already. The analyst from [[BAC]], who upgraded the chips today, is as competent as his firms risk supervisors.
Without the upgrade, the nasdaq would have been flat.
The real story is the current status of the banks. All day, sellers leaned on them, driving down shares of [[LEH]], [[FNM]], [[GS]], [[ABK]], [[DSL]], [[FED]], [[ETFC]], [[MS]] and [[MER]].
Quite frankly, the weather in NYC is too “delightful.” I have no motivation to talk down stocks right now, and act like some sort of asshattish bearshitter. Maybe tonight.
As you know, “The Fly” enjoyed a major personal victory today, which will lead to great celebration and consumption of 2 1/2 inch rib eyes and aged red grape.
I did lots of stuff today, nothing wourth [sic] bragging about or anything. In short, I am extremely comfortable with my market weightings, despite Woodcheddars nuevo bullish tone.
I’ll remind you, people are like goats, easily tricked, easily slaughtered. Right now, the trap is being set, under the disguise of eery complacency.
Finally, “The Fly’s” spring-summer schedule is quite busy, as the little ones get ready for outdoor sports. However, even if I am not around to tell you how fucking stupid you are, just know, every 10-15 days, “The Fly” is thinking about it.
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Clearly, you’re not very serious about blogging, if you’re going to let a little thing like children get in the way of some solid posting.
Listen, you let me know when you need a break and I’ll take the wheel. I have a whole store of gay shit ready to post here.
-DT
Fuck you. You had your chance. Now, you will stay at the shitbox and blog away, erroneously.
I’m still curious. Did your victory include getting your “illegals” to take an across the board pay cut?
Alpha:
Sorry. My victory is too big for any of you to understand.
Thanks.
I hope you don’t mind me spilling the beans, but we’re very proud of “The Fly” here at the clinic.
Today, “The Fly” bravely stepped out into the world with nothing between his posterior and his underpants but open space. Yes…. it was scary…. what if “The Fly” couldn’t hold it? What if he had an “accident” at his place of work? But none of that happened, did it “The Fly”? No of course not. In fact it was nice to leave the “special pants” at home for once. Congratulations, “The Fly”.
Next week, we start work on the “facial hair issues”. That’s gonna be tough, especially in light of recent Fed action. Luckily, “The Fly’s” pockets are as deep as his emotional scars.
Alpha–
Because of his patriotism and cooperation in buying bank stocks, whilst bashing them egregiously, The Fly will be rewarded with the helm of BSC, effectively de-banking Jamie Dimon. Press conference developing…
Today, Fly flew out to Kalifohrnya, and destroyed Danny’s iBC machine.
That was his personal victory…
For the record, the machine was still “bullish” when the assault began.
Don’t tell me: you “found God” or something like that.
As you know, “The Fly†enjoyed a major personal victory today, which will lead to great celebration and consumption of 2 1/2 inch rib eyes and aged red grape.
Uhhhh, yeah, and you oughtta mebbe havva nice steak and a glass a wine wit it, too, mebbe.
Dat red grape dessert sounds good, doh.
Woodshedder: what was your stance in January, prior to the meltdown in equities. were you bullish or bearish. i know what Fly’s stance was but curious what you were thinking back then. since you’ve been dead right with your tech analysis, i’m curious.
Quite frankly, the weather in NYC is too “delightful.â€
(Fancy!)
Shed was bearish a good month and a half before Le Fly.
Sorry. My victory is too big for any of you to understand.
I’ll say!
That last one took a whole package of 20-grain sandpaper!
Yes, I too remember when “The Fly” was kicking old men selling stocks short down elevator shafts, several times a day. Woodshedder was an “egregious bearshitter” back in those days, but now it has been shown that he was actually a “prophetic egregious bearshitter”.
Is Woodshedder a leading indicator? Is “The Fly” a lagging indicator? Is Jim Cramer a contrarian indicator? All these questions and more shall be revealed…
You bought back all your MVIS at 2.00 and sold at 3.50?
Da Bears, I went bearish in early November, long before the Fly. Much to my chagrin, he was still able to profit on the long side in November and December, though he could have been building short positions.
Prospectus, lol… its all about time horizons. Most of my posts deal with what the market will do over the coming days and weeks. Fly is looking at a much bigger picture. I agree with his big picture.
The difference is that I can liquidate and turn on a dime, and he really can’t.
Fancy Dan, you look right foppish today.
I say, Ned!
Well played, old toff.
To the victor go the spoils.
That’s The Way of The World
Can anyone explain to me what happened in WM today? Am I a pussy for covering my short? Did all you experienced guys see right through the pop today, knowing that in the last couple minutes the stock would plummet on high volume?
I don’t watch it that closely, figuring that its got the Homo hammer of Death hanging over its head for the duration and all.
Loose stops…
Microvision seems poised to make some major gains as we cycle around toward the end of the year. The media is finally starting to grasp the potential of this disruptive new technology.
Some have pointed to the idea of a gloomy marketplace, and how that may affect investors sentiment. However, Brian Belski, U.S. sector strategist for Merrill Lynch, aptly points out “when growth is scarce, growth is at a premium.†So conversely to the pessimists take, the economic downturn may be golden for Microvision because it will make the stock stand out. Is it really possible for a stock to shoot to the moon against the backdrop of a struggling economy? Consider this:
It was 2002. The market had blown apart in a tremendous crash as the Internet bubble burst. Trillions of dollars were vaporized. The entire sentiment across every market was downright nasty. Yet into these headwinds, NTES, began to rise. It was trading around 50 cents per share, when it caught fire. It didn’t go up in a perfect line, but it made huge strides, followed by occasional drops. Yet within a few months it had climbed by several dollars per share, and when the smoke cleared, it had topped the $80 per share hurdle. That’s right – right into the teeth of a tottering market. Yes, it is possible for a stock with some sizzle to climb the walls of fear to extraordinary heights.
Microvision has tremendous potential as well. Who knows which OEM will be first to sign on the dotted line – Nokkia? Apple? Palm? Or perhaps Google or Microsoft wants a tool to get their advertising into the growing medium of mobile advertising?
And that is not all. Microvision has other irons in the fire. The HUD. The eyeware. The potential for its technology to be used in notebooks and cameras. And then there are those patents with Epson – now grown to 31 in the patent family. What will that bring – a cutting edge laser printer? Or simply royalty from Epson? In any event, Microvision has huge potential for what the market wants most – growth.
Uh-oh. Uh-oh. MVIS sucks….Ow!…Ow!…Uh-oh, uh-oh..Aaahhhh!
querida mosqua,
depues de haber consumido grandes cantidades de chivas y haber consultado con el rey de los BABALU, he concluido que el dow va ha estar en 13,991 para junio 7 del 2008. ten cuidado con los repelentes, que de los buenos quedan pocos.
Chivasontherocks, estas un poquito borrachito?
Curiously enough, the word ‘chiva’ in Spanish means goat, no joke. It’s also slang for heroin. Not that we know anything about drugs, guns, or goats at iBC.
Boca,
just joking, i see you read the language, can you also speak it. are you latin?
Si puedo hablar Espanol, hace muchos anos, fui casado con un senor de Mexico y hablamos Espanol en la casa. Y Usted?
Thought some of you might be interested in these notes from James Grant’s conference in New York this week. (writer is Dan Ferris of Stansberry & Associates).
==========
Also in attendance at Grant’s was David Einhorn, CEO of hedge fund Greenlight Capital. Einhorn is a nimble investor. He used to own 6% of the now-defunct subprime lender New Century Financial. He sat on its board. The crisis hit, he dumped his position and went short the credit markets.
Einhorn described a meeting with a recently retired senior exec at a large ratings agency. These companies – Standard & Poor’s, Fitch, Moody’s – have access to non-public info and are responsible for the credit rankings of investment banks. Einhorn asked the retired exec how his company evaluated the credit risk. Merrill Lynch had already announced large losses, so he asked what the rating team found on Merrill’s books.
“He answered by asking me to refocus on what I meant by ‘team.’ He told me that the group covering the investment banks was only three or four people. They covered all of the banks. So they have no ‘team’ to send to Merrill for a thorough portfolio review. He explained that the agency doesn’t even try to look at the actual portfolio because it changes so frequently that there would be no way to keep up.”
Einhorn said the ratings agencies don’t have any special models to evaluate risk. They use mostly publicly available information and look at basic ratios (like pretax margin). An S&P managing director who sat in the room as Einhorn spoke, left the room as Einhorn described the meeting. I wonder whom the managing director called once he had exited.
Einhorn is long “high-quality companies with low valuations that have little, if any, financial leverage.” He mentioned Microsoft (MSFT) and Target (TGT).
Boca,
naci en cuba. pero llevo en este pais 46 anoz. por favor no me trate de usted. me hace sentir mas viejo que de lo que soy.
Chivas, no se preocupe, no esta viejo. De todos modos a mi me gustan los senores mayores. … and I like smart men and stocks even more. Gusto en conocerle, mi amigo, hasta manana.
Everybody needs to press “2” for Engrish.
How’d the Messcans get in here?
Boca,
hacido un placer. quizas un dia nos podemos conocer. hasta manana.
Homeland,
sorry for pressing wrong button. lmao.
Ya, dem furrnurrs can’t speak dang English crectly.
åªæœ‰ä¸æ–‡ç‰ˆï¼Œå°†å‘表在”新美国” 。
Boca,
I think what these guys are trying to say is that the only foreign language that would be tolerated around here is Romanian, for the sake of The Fly.
clever
Money is money, doesn’t matter the language.
However, you realize that I have double the swearing vocabulary seeing as I can swear in both languages, an extra skill so to speak.
Hold on, I almost done translating Chivas’s first post…
Hold on, a second, dot the “i” cross the “t’s”…. there!
Here it is:
One night, after consuming 18 shooters of Chivas Regal, Desi Arnez, the “King of the Coconuts,” predicted that the Dow Jones Industrial Average would reach 13,991. He then retired to a nice part of the Poconos.
I’ll work on Boca’s next… it’s easier because it’s got some Obama theme words in there.
山羊山羊!!!
å¿«ä¹å±±ç¾Š!!!
http://www.tiede.fi/images/news/02072006153824.jpg
“享嗔山羊!!!
Miami Cubans rock, btw.
Viva Cuba Libre!
Fly — who is it who’s doing your photoshop work with the “iBankCoin” logos?
Is that Jeremy?
That train car on tonight’s header is fantastic. I’d like to see a closeup of that one.
Jake,
lmao. thanks.
LMAO at the chi-com post with the link.
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That is one awesome goat. That thing’s gotta go “Front Page.”