I must admit, being a Met fan, I enjoy seeing them lose. Those fuckers collapsed last year, stabbing me in the heart, as if I was a fucking vampire. So, this year, I pretty much root for any team that plays against them. On a really big loss, I then tune into 660am and listen to all the frantic fans calling for Willie Randolph’s head on a pike.
I must admit, yet again, Willie is the worst manager in the history of professional sports. He’d be better off managing Wamu’s mortgage pool, than the Mets.
Speaking of [[WM]]
Today, Goldman took down their numbers and recommended to sell it short. On that news, the stock is up.
Very nice.
So what do banks do these days?
They take my deposits and just buy a bunch of stuff that go to zero? What the fuck?
Now, very quietly, they are starting to bitch about marking to market. They want to commit fraud, via zero disclosure and just hide shit on their balance sheets forever.
Hey, I’ve got an idea.
Why don’t we just give the banks a printing press, so that they can just make new money—after they lose the cash they have now. This way, we can ride on the “Merry go round of Bliss” forever, uninterrupted.
By the way, has anyone taken a look at the yuan (Chinese currency) lately?
Here, take a peek:
Does this “MNCS” type trend alarm anyone? It appears the Chinese are no longer pegging to the dollar. Now, I’m not an economist, but it was my major in college.
I have a breaking news flash for you:
CHINA IS NOW EXPORTING INFLATION.
How’s that? Not only do we get their lead tainted toys. Now, partly thanks to our fucktarded politicians, we get to pay up for it.
Hence the term: “be careful for what you ask for.”
Sure, exports are good. But, what does that really mean? Foreign nations are dumping dollars on our shores, via buying our products?
Maybe.
Will Americans have to pay up for their own goods, thanks to the spike in exports?
Definitely.
In short, it’s great to be an American, living outside of America.
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They unpegged silently about 7-8 months ago.
Wow, you put up a chart! How long has it been since you’ve done that?
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You obviously have a love-hate relationship with the Mets. I understand. For years, I felt the same way about the Red Sox. However, what will you do when they start winning?
I believe banks (and now brokers) are borrowing cheap $$ via the FED window and investing it in higher yielding stuff to shore up balance sheets. They aren’t taking the $$ and lending it out IMO which means still tight credit conditions.
Thanks to Chuck Schumer.
Go ask Chuck.
here we go…a melt up until shorts upside capitulation at fed meeting
The price of Szechuan Beef has gone up. Just thought I’d mention that.
I got my drink and my two-step
my drink and my two-step
I got my drink and my two-step
my drink and my two-step
It’s on…
It’s on, it’s on, and I’m home
Get the patron, and tell em that it’s on.
Fucked up thing is that the Dred Sox have been around since Jimmy Madison was President and yet they have the same amount of World Series titles as the fucktarded, though incredibly young-by-comparison NY Mets.
In short, the Red Sox suck donkey ballz.
Now, very quietly, they are starting to bitch about marking to market.
Cracks me up how you use “very quietly.”
I have absolutely no idea why.
Fly – very good … very funny … hilarious … at least that mammoth good news didn’t dent your scents of humour
Hypothesis tossed out for testing:
Keeping in mind that it’s far easier to juice a market than dump it (given the market’s natural tendency to rise over time, and the long bulls we’ve experienced in our lifetime), does anyone get the feeling that the “powers that be” (and I’m talking the big commercials, not the PPT) are doing exactly what they used to do to the market on the bull side, except now on the bearish side?
In other words, does anyone feel like it’s the bears now who are climbing “the wall of worry?”
Jamie fucking Dimon just stole $5.00 from me because I cashed a check at Chase.
The Chinese are still pegging to the dollar, but have loosened the peg and raised reserve ratios in an attempt to combat inflation, and also (some say) to appease the U.S. congress so that they would stop bitching about American products becoming less competitive due to Chinas currency manipulation.
Though of course the same stupid fuckers in congress failed to realize that this would result in a weaker dollar and china exporting inflation. Also, lets not forget the effect on interest rates…..
Good times for American Manufactures, not so much for importers/American consumers
Jake,
according to cot reports, commercials have been net long for awhile.
love the LEH fortune cookie
This strength in C (and the banks) is very irritating – almost makes me want to go long
POT blast thru 180 like crazy man. Should be up another $4 today, minimum, just to catch up with MON. why not. it’s an ag play.
LEH won’t be allowed to go down a bunch until the SEC stops sniffing around the short sellers. The biggie shorts are hiding out now in their cabins in Tahoe,Jackson Hole and the Hamptons.
I bet we see another ninja downgrade after the close today.
“Very quietly” – Ahem, Sahib?
Jack’s back — I wasn’t going to say anything. (chuckle)
It was me. He tips his hand every now and again
I have noticed that Fly is consistent in his writing voice since iBC launched. I bet he had Jeremy or someone write for him occasionally on the old blog.
I still maintain there was more than one writer under Broker A’s name.
Not that I am a literature expert, it was just one of my majors in college.
Jake – I saw the post about someone passing the 7. What is involved in being licensed as a broker?
I know there is a 6, a 63, a 7, a 24… what is the critical path to licensing?
Seven is just your basic, “gettin’ into the securities bidness” license. 24 is (I believe) a “principal’s license” and the 63 is a state cert (again, I may be messing the numbers up… it’s been a while since I took all that shit).
I only had to take the 7 and 63, because I was in i-banking, as opposed to trading/brokering, etc, which have more dealings with public retards that need to be “protected” from big bad Mr. Market (allegedly).
Whenever we (the Dalai Lama fearing Olympians) feel the urge to desecrate our own currency in order to render aid to you poor, feeble-minded peanut farming Americans, and your trash currency – we Shall!
Whenever we feel the need to neuter Budda Bush and the rest of your peon population, we shall fly over your country and drop treasury bills from our nuclear powered helicopters (copied from American designs of course).
Long Live Mao