If I was President, I’d place the CEO of [[STT]] under house arrest, for pulling the shit he pulled today. I thought STT had not been affected by the subprime debacle? I thought STT was the cream of the crop?
Wrong.
They’re just like everyone else. The only difference: they have a CEO who is dishonest, who was trying to pull a fast one on Wall Street.
A regular huckster, if you will.
Aside from that, there is marginal strength in the banks/brokers today, with gains in [[MS]], [[RF]], [[NCC]] and [[CORS]].
I would wait a day or two, then short the banks with “impunity.” They’re probably due for a short term bounce here.
Finally, it’s Godly to see a small decline in ag related names. The Lord knows “The Fly” prays for their destruction on a nightly basis. The top losers include: [[GRO]], [[TNH]], [[CF]] and [[AG]].
NOTE: In case you were wondering, oil at $113 is not bad for the consumer—it’s HORRENDOUS.
NOTE II: [[FXP]] is a pain in the ass, because [[CHL]] is its biggest component. Two other alternatives include, short [[CAF]] and short [[LFC]]. CAF is an ETF. LFC makes sense because those fucktards invest their premiums in the Chinese stock market.
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Ditch FXP for something better? If there is anything?
$5.9 billion in subprime crap. Are you kidding, house arrest?? He’s going to be awarded a medal for hiding it so well for so long…
And the support in XLF at 24.40-24.60 is really pissing me off… not helping my expiring XLF puts..
Fly, my handicapped stock picking friend…
You still following DECK after Crox estimates and whats your price target for Wamu?
What are you talking about Fly? Strip out food and fuel costs and inflation is WELL contained for more useless rate cuts.
Strip out materials costs, too.
So, as long as you don’t eat and you don’t need to purchase anything that requires energy or materials to produce and distribute, you can live in the fantasyland of the official CPI.
Fly,
TMA was the cream of the crop too. Lowest percentage of defalts and only the biggest and best loans to high end borrowers.
WB had no idea they were going to run into a problem.
Can’t trust any of them, honest or dishonest.
FXP ain’t great here … There are better trades. China could bounce any time .. India is bouncing, can China be far behind?
MVIS’s wax wings have melted.
Not to worry, though. Pico P will be embedded in Norelco Razors by early 2009.
It doesn’t matter if China bounces.
All the matters is the price action of CHL and LFC.
FXP is a buy.
geeks-
RE: SIGM
http://blogs.barrons.com/techtraderdaily/2008/04/15/sigma-designs-baird-says-brcm-wins-mot-iptv-box-slot/?mod=BOLBlog
SIGM issued a joint PR with MSFT just yesterday
furthermore, from my research, SIGM has the only chip that complies with all MSFT’s crazy requirements
funny how BRCM isnt popping, heh?
I for one am enjoying seeing the premium erode from the out of the money XLF options, because I am short them.
From my anecdotal news files:
A good friend of 15 years, hard working honest man, just emailed me for prayer and advice. His home repair and renovation business is melting around him…personal and business bankruptcy looming. He has four homes, 500-700k, on the market in Nashville. He cannot sell them because there are few buyers who can qualify for loans based on the new lending standards banks are requiring.
Keep in mind Nashville did not experience the massive bubble appreciation of other areas. Solid, but not runaway, appreciation. His issue is that local lending standards are TIGHT. No funny biz. 15/30 fixed with 20% down. Period.
There are very few buyers WHO HAVE 20% to put down.
WTF?
DECK sitting right at it’s 38.2% fibonacci line ($105.48). Good place to watch for a bounce or a penetration.
Fly,
CAF is not an ETF, it is a closed-end fund trading at
approximately a 20% discount to NAV. Maybe you might want to think of a different short?
Pete.
You’re right. I misspoke. However, I still think it’s a good short, on a spike. Not here.
Now, go fuck yourself.
are you looking to short USO after a rally?
buy DUG after a Dig Rally?
obviously DCR is dead