First, they (Moody’s) neglected to identify the systemic risks to the system, keeping [[ABK]] and [[MBI]] with AAA ratings. Now, they found religion and are threatening to downgrade them.
Fucking shocker.
The real question we should be asking ourselves is: Why do we need these ratings agencies, anyway? They all have conflicts of interest. They all are corrupt.
I’d rather own a bag of asshats, than shares of [[MCO]].
My guess, the market will die a terrible death.
With my money, I sold short some [[FED]], north of $16. I couldn’t resist. And, I’ve been nibbling at [[RIG]], which has greatly underperformed [[NOV]].
Still, I must admit, my top pick has to be [[FXP]]. I predict its largest component, [[CHL]], will soon be in more danger than a flamboyantly gay Jewish man, with a “Vote Bush” bumper sticker on his car, driving slowly in the mountainous regions of Pakistan, while blasting gangster rap music.
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Note:
oil down,
Natural gas up…
they’re just switching commodities is all… Market doesn’t quite get it but that’s what happens when 9 million douchebags all short the same signal. LEH turns into a buy.
Kind of sad.
“I’d rather own a bag of asshats, than shares of (MCO: 39.81 3.54%).”
“I predict its largest component, (CHL: 73.19 0.30%), will soon be in more danger than a flamboyantly gay Jewish man, with a “Vote Bush†bumper sticker on his car, driving slowly in the mountainous regions of Pakistan, while blasting gangster rap music.”
Fly,
Fucking hilarious!!!
In the investment/comedy universe, you have no equal.
i agree, that last paragraph made me laugh so loud i drew stares
….”oh, its nothing, somebody sent me a joke”
Classic Fly
A flamboyantly gay man would never have a bumper sticker that say Vote Bush. I call shenanigans on your tale…
You guys can’t see it because you do not possess special powers, but The Fly just put up the picture of the Golden Bull.
NOT true Woody. Recall the Log Cabin Repubes.
Sir Douchebag, you are a thoughtful and considerate speaker. I enjoy your presence.
the thing that I don’t / will never get is how the rating agencies have been chugging along for so long when apparently it was known in THE 19fucking80s how conflicting and inept they were.