Developing…
BREAKING NEWS: Developing….
UPDATED BREAKING NEWS: “The Fly” will teach you fuckers how to successfully blog, over the next week or so.
“Because a few complacent years
Have made your peril of your pride,
Think you that you are to go on
Forever pampered and untired”?
– Edwin Arlington Robinson
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Developing?
Developing?
Developing?
FUCK is just a 4-lettered word…Developing…
Now THAT’s comedy. Thank you Jake.
Developing?
De-enveloping?
Developing?
http://www.youtube.com/watch?v=elmX6BHoQYo
I’ll tell you whats NOT developing…The Dow futures data. Seems to be stuck…
RE– Developing in a cave (watch for the F-22 cameo towards the end!), a Fly-like “suit” —
.
Jakey, feed your hound some Neuro, they are a small company that uses real cuts instead of snouts and hoofs. They also have a large breed formula with glucosamine in it – good for the dog’s hips. And dogs love the stuff. If you want to add variety, they have good canned food as well. My favorite is Lamb Chunks, which I eat to celebrate great trading days.
Where ya been Cal?
Developing…
Dear Mama
Been stuffing myself with the Lamb Chunks and switched over into a daytrader, watching charts like they were good porn. I am silent with rage and watching the ticks too much to post anything lately. I am going to work through this Bernanke voodoo shitspell in workmanlike fashion, however I am here reading in the afterhours. Saw your call on the double dow.. still going in?
EK long. Extreme volume of late on the daily.
You’re Fired!
What’s up mah nerds?
Nice win up in Canada, Fly.
Nice late surge by Wall Street Fighter, too.
-DT
Cal, I’m in the Double Dow.
MBIA – $2.4B loss
HSBC – $3.2B increase to loan loss reserves
IndyMac – $184MM loss; lowering divvy
SOV – Raising $1.5B. The money quote from a SOV spokesman, “We’re not taking this action from a position of stress”. WTF? The stock going from $25 to $8 in a year implies everyone perceives stress except the SOV shill, I mean, spokesman.
This is all great news, because the worst was over several weeks ago .
Ofcourse oil is a giant buy this morning, that and steel. They will make record highs by the end of the day.
FXP whats up!!
courtesy of minyanville –
What would happen if…
…We called Mr. Thain over at Mother Merrill (MER) and said sell your level 3 assets now.
If someone told me to liquidate my fund and all client portfolios, including institutional portfolios, I’m pretty sure I could be done by Wednesday.
It’s funny. I just saw the following headlines:
* Merrill says it took another $5.2 billion in write downs.
*
Merrill says balance sheet write down happened since Q1.
*
Merrill balance sheet write down doesn’t hurt income, CFO says.
*
Merrill Level 3 Assets came on balance sheet.
*
Merrill CFO says Level 3 increase didn’t raise risk level.
*
Merrill CFO says 20% ROE is achievable.
OK, I’ll stop. Let me tell you why this is disturbing. Since last year, Merrill has now written down $37 billion in capital. It has raised $17.9 billion. This is otherwise known as balance sheet destruction, folks. And the last round cost ’em 8 5/8% on a huge preferred deal (that is still under water I might add). The company also sold 30 year paper at 320 to Treasuries that quickly went to 350.
So tell me, how do you make 20% ROE on that model? You don’t.
And what if someone said, sell your Level 3 stuff. By Wednesday. First of all, MER couldn’t. Second of all, it would force others to do the same.
This is the sort of stuff that bothers me about the next couple of years. More later.
RACKing up the coin are we?
Anyone shorting LEH?
Five stars to Fly quoting Edwin Arlington Robinson. His first editions can be quite valuable.
short LEH FITB
I’m even short myself – MER
Buy HMY … chart is setting up with break of 12.50
JADE is moving nicely today
Well whaddaya know?
Apparently (to the Dolans at least) communism has value!
Think you that you are to go on
Forever pampered and untired�
Exactly what I said to my two year old this morning…
I’m new here. My name is Soy Bomb. Nice to meet you.
MVIS is on the move. Anybody knows what’s up?
Quote of the year..
on MBI loss
“Anything less than catastrophic is deemed to be good in this market”
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9SMXitfY0vw&refer=home
Oil will soon make another high, quit doubting a daily fact, developing…..
love JUNE $102 USO calls. I’ll hold for about a week or so, depending on how crazy it gets. I’m thinking it could go as high as 114.
Alias: BPOE
Buy RCH It might double in one day. They make building panels for quick construction. You can figure out the rest!!!!
http://online.wsj.com/article/SB121037996524082277.html
Anyone here believe price controls are in place currently for gasoline? If not why would the refiners not pass on the fucking input costs?
Gap, USO has done much better…
Sounds like we should all be looking for poorly run ETFs and shorting both the long and short and taking the difference.
UCR short, DCR short…
UCR short $10,000 loss as it climbs 58% up loss of about $6000
DCR gain as it drops. $10,000 short makes you gain about $9000.
30% gain… pretty amazing neutral, completely hedged secure return.
If you shorted DIG and DUG, you’d have similar results (about 32%)…
Would be interesting to see what would be the most profitable hedged strategy with etfs and their inverses that trade options. Buying puts on both and selling calls on both?
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