Joined Nov 10, 2007
23,414 Blog Posts
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Damn right! There’s a lot of fiber in those bowls of oatmeal you’re egregiously consuming.
Sure. Just turn the time machine back to the first week in March, 2008.
*choke*
*gasp*
Remember – those of you in GE, that 13% hit you are taking today is not real.
It is a conspiracy.
THEY want you to think that your net worth went down, when in reality, everything is just fine.
Dennis-
i can take it further by saying “No no no, GE is fine. Dont take your money out of GE.” – i mean the GE account.
When I said “don’t take your money out of GE” I meant the LIGHT BULBS! ha ha
Looks like it’s Rocky Mountain Oysters for dinner tonight.
Finally a nice down day. Now if only the bears can hold on for just a few more minutes.
Hopefully we open down 500 on Monday.
Oil trading is rigged.
I win!
Whoever is trading my SPX iron condor: I gave you a fucking nickle on every leg! Fill the goddamn order!
Ain’t happening CAP, this here’s an election year!
If that’s all the bears can muster after GE’s debacle then it’s pretty damn lame don’t ya think?
See the ungodly way that LEH is just levitating there at 40? It’s unnatural if you ask me…
I’m glad you enjoyed the old “levitating stock price” gag. For my next trick, I’ll saw a woman in half!
Prospectus – We loaned LEH a shitload of money to buy their own shares
Fly:
I’m confused. If we are going into an inflationary period in this country, and commodities do well in an inflationary period, then why would a person want to put money into SMN(as I know you have)when the holdings are primarily commodity based?
I am a bit new at this game but it seems to me that looking a little further down the road(say 6-12 mos)inflation will continue to be a bigger problem. Where am I flawed in my thinking & why own this ETF?
Just laughing thinking that all the CNBC talking asshats, that can’t buy or sell, took it up the pooper today in their 401. Maybe when they see the account results they’ll sing a different song. Naa!
Newbie: First I get tired of hearing people say “this country” like the US is the only country going through housing pains and inflationary problems. These are world problems. Housing markets in many countries will go the way of the US. In many other countries they do not call it sub-prime, but the same concepts exist, however perhaps not securitized to the same level.
SMN is short a mix of commodites stocks, agriculture and mining stocks. SMN is actually not the perfect ETF, which is why I suspect The Fly buys DGP (double gold) to hedge the losses he will make on the Gold components of the ETF. Gold goes the opposite of the dollar as opposed to the commodities. The Fly is betting that commodites will be too overbought and due for a larger correction. and that the dollar will go down and Gold higher.
Personally I think Gold and USD will drift sideways until september, as Europe and UK start to falter. But eventually Gold will head higher and USD lower and the commodites stocks will falter, as the upside will will be overdone.
Of course The Fly is probably a little early on some of these, but it is best to be early sometimes than late to the party like i usually am.
I am sure he will correct me if i have any of this wrong.