Hey, good news for the bulls. Charlie Gasparino has reinitiated rumor coverage on [[ABK]] and [[MBI]] today, saying “the bond market says they need capital.”
Keep in mind, he is not relaying tips or reliable information. He’s simply rumor mongering.
Good news, indeed.
Regarding the market:
Technology is leading the way up, with gains in [[AAPL]], [[RIMM]], [[GME]], [[INTC]] and other Godly names.
On the other hand, most of the banks are behaving rather ungodly, as smart money runs from [[GS]], [[LEH]] and [[MS]].
At the end of the day, “The Fly” is perfectly willing to see ‘tards trade technical breakouts, while sharpening his knife for an early killing in May.
Fuck CNBC UPDATE: Immediately following a question asked of Bernanke regarding how today’s circumstances compares to the Great Depression, they cut to a commercial.
Assholes.
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Rope a Dope
Go long driving a dynamite loaded bus into an inferno of fun.
Why the fuck are people bitching about mark-to-market accounting? Isn’t the SEC already letting companies have billions in tier 3 assets?
Can we get just one tiny little “up 400” day this week for the love of god. Is that too much to ask?
Just bought some CLX …on the assumption that as China and India start to eat more protein they will naturally have more skid marks in their britches to clean.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a4I6IcYPqovA&refer=exclusive
China can also use that CLX to wash Tibetan blood off of their hands and out of their clothes.
India, on the other hand needs to open up a CLX factory and have its contents dump directly into the ganges
Can someone give me a nice commodities etf to trade options in? I don’t have the balls to buy SMN right now 🙁
USO has options, as does KOL.
GDX tracks gold fairly well.
Cramer declares: “Transports Suggest a Brief Recession”
because; “Notice that UPS didn’t stay down? Notice that the rails didn’t get hurt? Notice that retail is quick to shake off disappointment?”
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its official: Prepare for soup lines, bread rationing … in short, the worst depression since the GREAT Depression
The transport strength is a bit puzzling for a low IQ’er like myself.
ETF’s and options don’t mix. At least in my world.
In other news, how about a “late day selloff”?