While I’m busy destroying myself in the monetary sense, I might as well go physical too. I’m gonna go swing over to the local deli and demand that Chef fucker prepare some fried bacon for me, cooked in lard. I don’t think standard run of the mill bacon has enough cholesterol.
Whatever price he wants to charge me is perfectly acceptable. Inflation does not concern me.
Speaking of inflation, my gardener has jacked up prices on me, citing “high fertilizer costs and gas.” That fucker is hitting me with surcharges, which I have no problem with.
I know people that make 45k per annum and love inflation. This one guy said “it makes me feel rich.” What he meant was, he feels rich buying such expensive items. Normally, he might spend $200 on groceries. But now, with rampant inflation, he spends like $500. He says “it makes me feel high end.”
This is true.
People like buying expensive stuff. It gives them a sense of entitlement. Think about it.
If you were buying new a bottle of wine for a very nice occasion, would you go with the $10 Fetzer or an expensive bottle of Haikko?
Exactly.
We’re all rich, one way or another.
With regards to the market:
I’ve yet to do anything. I’m sort of just wandering around, throwing darts at my monitors. Anyway, I’ll be sure to update you as the day progresses.
Off to eat some bacon.
UPDATE: Funny as a homo-hammer. Take your money out of [[WM]] now. Whoo-hoo!
Hat tip: Crude Broker
If you enjoy the content at iBankCoin, please follow us on Twitter
C’mon Dow 13000 lets do this today, rally on 500 pts. WIth this market anything is possible. Haven’t you heard, all the companies are beating earning because of overseas demand, the American consumer be damned we never need them anyway. Spoiled bastards who always ask for too much. I bet that 1 dollar a week paycheck that China man is getting is starting to look good now you lazy unemployed bastard. Alrighty then back to whatever it I was doing.
Nothing encourages spending quite like seeing your savings evaporate right before your eyes.
True.
And, China’s stock market had its worst week in its history this week.
Obviously, the poor farmers have stopped buying stocks and started buying INTC chips.
Today will be the same big up pattern – after we get thru the next half hour as Europe goes home and the west coast mom and popers get in we’ll drift down til 2:30 then rock hard into the close and hit the high at 3:48 – because news will leak that C just did another preferred deal for another 12 B in capital (just so they can make more in the monster recovery we’re having)
Fly, I know you don’t want advice from a leech, made worse by me being in your employ, but I’ll give it anyway.
You are demonstrating your greatest strength today as a trader. Do not waiver. You and I both know this too shall pass.
However, you are a damn sight funnier when you are being de-banked.
China kinda trades in an isolated market. Sometimes they don’t even correlate with Hong Kong, even though many mega caps are listed on both. I would not be surprised to see this divergence continue.
and de-balled!
Doubled down on FMCN (am totally disregarding its poor technicals here).
No, not de-balled– just de-banked.
I still have plenty of balls.
Hey, I’m long FMCN too!
What a winner.
Also, HANS might be in action again, as m&a is bound to rebound in this bull market.
Fly,
Love the post, but I’m taking the day off from the market and leaving whatever positions I have in place. It’s too much of a clusterfuck right now.
To Fly and the rest of you wankers…have a great weekend!
Left in my comments section…
10:42 AM 04/18/08
Popular internet blogger Woodshedder launches new inverse ETF – FLY (FLY: 1.49 -18.34%). For a complete prospectus, visit http://www.ibankcoin.com/flyblog/
(All in good fun of course)
I was less troubled by the increase in my landscaping fees than by the replacement of the usual gang of Mex illegals by a group of preppy tortoise shell glasses wearing ex-Goldman I-bankers.
Those fuckers gotta work somewhere I guess.
Now I know why FMCN can’t get anything going (when SINA SOHU AMCN are going through the roof). It’s one of my biggest positions, and Fry jinxed it.
This is a bullish orgy of epic proportions I feel I have been witnessing the past few days. The bulls are like rabid animals fighting for their piece of the carcass. This euphoria strikes me eerily similar to the extreme gloom and doom of the bears before they got their balls served to them.
Homebuilder stocks will all go to $1000 next month.
Angelo Mozillo will be McCain’s Treasury Secretary.
To anyone shorting FMCN:
You are so fucked, and will need to cover next week at $35.
http://consumerist.com/380959/wamu-sorry-we-dont-have-your-4200-in-cash-want-a-check
This is a bear market rally. WTF? Everyone gone back to bull? Gay, I say.
People can’t afford housing, food and gas. Is that the kindling for the next bull market. Fuck no. Come on.
Shorting small quantities of
OSTK
FMD
BOOM (I hate those fuckers now)
Buying a bit of FXP, GLD
Dennis Kneale is such a little bitch.
FRY!!!! SKF UNDER 100
Isoroku has declared war on the West, again. 2% down against le euro at 164.5 and 104.5 green to the green pesos. 2% currency moves are like basketball scores in football games. Tricky Jean says he will not cut, however the BOJ is cutting his industry to shit.
Fly,
Lindsey made Wallstrip work for me.
isn’t the only resistance the 200 dma that sucks
Le euro and the green peso are rolling over on the Isoroku, rally done.
I have come to the conclusion that there is no such thing as a bear market, it is a fairy tale with the likes of gnomes, easter bunnies, and Santa Claus. This fairy tale is told to young naive traders by more seasoned traders so that they can take their money.
see:
http://www.oldrabbit.org/gpages/wtnwpage/fairybear.gif
or
http://www.notjustballoons.co.uk/acatalog/logan_9.5.jpg
pick your fucking bear fairy.
Take the all time high of the DOW (Jan 00) and currently we are only 30% away from that. So the best time ever in our economy, compared to now is only a 30% difference.
Amazing considering the empty houses, weak dollar, closed stores, vacant office buildings, food stamps, Walmart going bonkers, influx of poor immigrants, etc.
someone needs to grab mr market by the shoulders, shake him, and point out that the LIBOR is moving up to obscure the fact that it has been manipulated for the past 2 weeks.
please kill me wtf are u talking about the all time high of the dow was jan 00
http://www.ft.com/cms/s/f21969fe-0ca5-11dd-86df-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Ff21969fe-0ca5-11dd-86df-0000779fd2ac.html%3Fnclick_check%3D1&_i_referer=http%3A%2F%2Fdrudgereport.com%2F&nclick_check=1
I am jumping into deep out of the money calls on every index and commodity. Everyone is just gushing money and laughing and playing in it. Wonder how I can make this miracle money.
Nullpointer:
It does appear that LIBOR has not been accurate – but who really gains – many rates are tied to LIBOR and keeping the rates down decreases revenue to many different fin institutions – so what big money wins by keeping rates down? Still working on that one
kurt, real not nominal.
Stock Tips
I just received this information from my broker and I normally don’t pass stock tips on, but I thought this
exception would be OK. If you hold any of the following stocks, you may want to review your portfolio:
American Can Co.
Interstate Water Co.
National Gas Co.
Northern Tissue Co.
Due to the uncertain market conditions at this present time, I advise you to sit tight on your American Can, hold your Water and let go of your Gas. You may be interested to know that Northern Tissue touched a new bottom today, and millions were wiped clean.
Beware of Electric companies or you could be in for a shock!
Gnomes are not imaginary. Jim Goldman is proof.
buckeye-
IMO, which is worth fuck-all it seems, is that its a credibility/faith issue.
allegedly, the LIBOR is the foundation on which the financial debt system is based. any hanky-panky with it should call into question the integrity of the “system”.
Foreclosures are now illegal.
The gov’t has mandated that people with no money can just live in the house for free.
Also the minimum wage has been increased to $100K.
Alias: BPOE
Fuck this I’m Taking my corvette for a ride down the shore. I bet the boys in Long Branch know how to play this market.
I am planning to buy some Uggs today since its cold out. Anyone have any they recommend? I have been infused with cash.
SNM bought today at 30.2 with a tight stop, Fuck it with this weeks rallying and this p.o.s stock doing an ugly swan dive I figure it has to be good for a few point pop next week. The last bastion of a desperate gambler. I cant believe I have come to this. Woe is me.
damn… oil sure spiked the fuck back up intraday. $116 oil is my favorite
Crude at 116 is fantastic for the markets. Imagaine how good crude at 125 will be . And at 150. Was it on ly a year and a half ago that everytime crude rallied above $70 the market would get smoked because it was soooooo inflationary.
We are using real money in the markets, The douchebags turned in shitted up toilet paper and got market credit from the Bearded Clam. It’s not even odds with the cummguzzler writing credit notes and the bonsai samurai fucks writing free loans to cover the up the cesspool.
check this article… luckily we have honest bums in my town…
http://www.nypost.com/seven/04182008/news/regionalnews/trashy_wtc_security_106987.htm
Sadly I am long FMCN too…waiting for some momo to start up fist before adding.
As a BIG BULL….China sucks ass.