These fuckers (the banks) will not stop going down. They’re getting “clown stomped” on a daily basis, and no one seems to give a fiddle. Everyone is too busy bidding up coal and steel stocks to worry about the financial integrity of the fucking world.
Who cares, right?
Much to my chagrin, I have zero [[SKF]]. In addition, I have zero bank shorts, aside from [[FED]].
See, this is a perfect example, at my expense, of what happens when an investor tries to get “cute” and attempt to “milk Mother Market.” I hate the banks, yet I wanted to sell them at higher prices. Isn’t that nice?
Pure asshattery on my behalf.
To rectify the situation, I will be forced to sell short some small stupid regional bank, worth killing.
Coal stocks are up, yet again. My small position in [[BTU]] is responding nicely. However, other stocks like [[PCX]] and [[MEE]] are “homo hammering” the competition.
The general breadth of the market is weak. Taking a step back, I believe the market is 10-15% overvalued. Quite frankly, stocks have no fucking idea how badly they’re about to get beaten. Wait until municipalities try to balance their budgets. Just wait.
All municipalities peg their construction expenses to the CPI index, like the fucktards that they are. The only problem: raw material expenses, for concrete, steel and copper are through the roof—at least 3x what the CPI reading has been. As a result, construction projects will either grind to a halt or municipalities will have to make up the short fall—somehow.
In other news, [[CHL]] cannot hold up. It’s weak/stupid and wants to trade down.
On the other hand, the refiners were upgraded today. From the group, I like [[VLO]], [[TSO]] and [[HOC]].
NOTE: With natty [[UNG]] gapping higher today, look for the consumer to get claw hammered by their local utility, sometime soon.
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Time to short the FSLR and give it the homo hammer…
Fly,
What are the real odds of LEH actually going down or having BSC type of bail out? I mean look fed is hell bent on not letting another one of these assholes to fail. The Fed opened up it’s wallet to the tune of $800 billion dollars. Fed is letting these guys make up their own earnings numbers so they don’t default. So by shorting LEH (I know not at this moment) aren’t you actually playing against the fed. Those are not the types of odds I would want to play with.
Would you bet moving to Romanian mountains or revealing you identity on a LEH short?
thanks.
I don’t know.
No one really knows.
UPGRADED T-1000 TIME MACHINE:
“Market will finish in the red today and Fly will eat his arm out due to his egregious losses”
Long coal/steel/natty/materials while shorting financials seems to be working nicely for me lately. However, I will have no hesitation of disbanding that trade altogether.
Note: I will shoot however designed SMN, then FXP.
Only the Shadow knows…
Thats what happens when I/you try to get too cute.
Banks may have to reverse $160 billion into writedowns due to crooked accounting law that allows them to book profit on falling debt portfolios.
Wall Street says -2 + -2 = 4 @ bloomberg.com or posted in PG under collage
Fuck the Banks
Big Mike, trade FXP based on the RSI(2). So far, it works like a charm.
I still say – support your country, BUY BANKS !
fuck POT and MOS. hmm, stock market is down today, better bid up POT and MOS
40 Billion barrels of oil in Montana?
http://www.nypost.com/seven/05292008/business/montana_governor_is_sitting_on_an_oil_mi_113005.htm
Breadth? The ags are carrying a lot of water for today. The tards are playing momentum there and steel and coal. Whoppee. Who the hell is going to pay these twenty percent hikes. Congress already had hearings on potash price gouging. The momo fucks are trying to bring price controls?
Kimbo Slice is a fraud. Pity.
Right Billy Bull, LEH will be acquired at $3 per share.
Hope you have a huge position
Thanks Wood, but I tend to hold my positions a bit longer than most people. Does the RSI(2) work still?
BTW, whatever happened to you headline power? Demand a RECOUNT!
Big Mike, time frames are different for everyone. Unfortunately for you, the shorter time frames have been working for FXP. Yes, RSI(2) still works. In fact, it works very well.
Fly doesn’t like to lose, even when he is losing. I took a screen shot of the original deal, before he went back and erased and deleted. Too much trouble to post it, when afterall, we’re just trying to have some fun.
Why is DBA shooting up? I’m short the name, and sort of out of the loop as I’m at work.
i don’t think kimbo is a fraud. he’s just a big dude that fought clowns in miami. for people to expect him to be a professional-level grappler overnight isn’t realistic.
they just need to get the guy some stamina and teach him how to escape on the ground, and his fights will continue to be fun.
wood, are you referring to the DBA trust?
if so, oil, nat gas, coal, etc., are all up. oil swung from 125 and change to 128 and change in less than an hour.
Aris, you are missing the big “oops” that came out of the fight…his lack of punching power. Kimbo was fighting a guy with a glass jaw, who has a history of getting KO’d…and he absorbed all of Kimbo’s punches. And punching is all Kimbo has…he has no ground game, no submission moves, nothing but brawling.
The fight should not have been stopped, either. If I were a betting man, I’d say the fight was fixed.
Long coal and short KEY has been working great.
KEY to $0.01
Thanks Aris, however I believe DBC is heavy on oil and gas while DBA is heavy on grains and ag.
Awww…so the Fly is a sore loser, ehh? My god, I don’t think I ever would have pictured that.
I’m going to buy financials here for a quick bounce in the near term…way oversold.
“Sore loser”
What the fuck? I won. Check the tape.
I guess you are not aware the Mr. Woodshedder is a pathological liar. He does this all the time.
He even lies about what he had for dinner.
lol
i can post the original comment if you want?
I had oven-fried pork chops for dinner, with broccoli and baked new potatoes.
Liar. You had baked old potatoes.
Chivas:
I challenge you to post the comment. Just know, anything other than the truth is a lie.
lol
this reminds me of the book animal farm.
Orwell would’ve had a trip on this forum.
Speaking of real life Animal Farm, what’s the latest on Cuba Libre?
So far, I’ve had no “Cubans” to deport back to their Mother Country.
Jake,
lol. same old thing. it’s going to take another 3-5 yrs i think.
Animal Pharm. That’s where I buy my T-bone steaks. SATC (nasdaq) hopefully ready for a breakthru of the all-time variety. buybuybuybuybuybuy
i hear what you’re saying, obvious.
i thought that kimbo had him on the verge of a knockout but was missing with quite a few punches and giving him a chance to recover. maybe you’re right, though.
i’d like to see a couple of more fights, because i think he’ll improve, and i think the power is there without the accuracy right now.
very nice spike in the $VIX
its about damned time
Where the fuck is JJ?
I thought SWC and PAL were both supposed to be at $100 by now.
What happened to the 400 folds?
I am happy yo inform you that JJ can no longer afford the internet and had to pawn off his computer to be able to feed himself, because all he has to his name now is some fucking rocks
I suck goat balls
I committed financial suicide by covering my LEH short, FUCK!
Gaps —
Assuage your guilt by shorting JEF, next.
Its shorted pretty good so far. I an heavily short at the moment via inverses and short oil ala refiners. I went long HRS and CME at 400 today.
LUK upped it’s stake in JEF to 30%. Betting against those two old fuckers usually doesn’t have a happy ending.
I just realized that the “SatanicChihuahuah” is equivalent to this guy.
I’m a little “slow” on the uptake on Mondays.
_____________________
This JEF — Leucadia link is extremely interesting. I’ve had dealings with the LUK guys in the past, and they are the cheapest, meanest,last dime mofos I’ve ever done bidness with.
They make GE Capital look like somebody’s “Dutch Uncle.”
My heart goes out to the poor bastards at JEF.
_