The world is waiting for the greedy fuckers from [[GS]] to show their books. Should they post blow out numbers, “The Fly’s” bank plays will prove to be Godly and quite profitable. If they disappoint, it’s back to the drawing board.
During today’s trade, I greatly reduced my short exposure, almost to nil. I am still short [[FED]], due to its gayness. And, I have minor positions in [[REW]], [[TWM]] and [[DUG]].
[[HANS]] shot up today, on BUD for HANS rumors. Most people who know HANS believe [[BUD]] will bid for them, in order to fuck with Imbev’s bid. BUD insiders do not want to sell to those Euro-trash loosers [sic].I bought a basket of bank stocks today, namely [[UB]], [[CMA]] and [[ZION]]. The difference in the fundamentals are great. I consider UB low risk, CMA moderate and ZION high.
Keep in mind, I do not like the brokers here. I’m just fucking around with some regionals.
Amuse me with gains, mind you.
I nibbled at [[FTK]]. It’s sort of a recent hobby of mine. Actually, the stock is now my largest position.
Finally, anyone buying banana stocks, [[CQB]], deserves to lose money. And, “The Bank of Cocaine” aka [[BAP]] looks like its shareholders are doing a few lines, prior to buying the stock. Today’s gains may be a prelude of more to come, considering their shareholders are fucking stoned.
NOTE: Corn is a motherfucker.
If you enjoy the content at iBankCoin, please follow us on Twitter
Korn will be $11 a bushel before its said and done, write it down.
This market feels like it has an ‘unnatural’ bid to it .. I think oil rich Saudis, Kuwaitis, Dubaians, are tossing their oil winnings at US lotto stocks and futures. Best casino in the world, and they know it.
No body is waiting for GS. They are all watching Torrey Pines & listening to GWAR on their zunes
Did you reduce your SRS hedge as well?
Cheap tequila and bumps for everybody!
Gorman hatfuckahs find ways to freece da pubric awe da tine. Tomollow no difflent.
So solly showt sellas.
“The Bank of Cocaine†aka (BAP: 86.19 +2.86%) looks like its shareholders are doing a few lines, prior to buying the stock. Today’s gains may be a prelude of more to come, considering their shareholders are fucking stoned.”
one of the best strategies to bet on. fuck breakouts.
Juice, I can’t tell you how right on our comment is and how lately I’m thinking the same thing. Maybe the USA.gov somehow set a situation to spike the price of oil with the understanding that the proceeds would be used to prop up the market. Yes the bid is absolutely unnatural.
The bid has been unnatural since Feb.
Forget about fantasy land thoughts. If the U.S. Gov’t wanted to keep markets up, it could. It doesn’t need the help of the Saudi’s.
The primary trend is lower. But, there is always room for a little bouncy time.
Don’t be a
Hero
I am enlaged dat someone is stearing my mateliah on dis brog.
Have you no shame, suh?
Stirr, imitation is dah finest folm of frattely, I guess.
_
I no steah your mateeleah on dis brog. I “amazing”. You not. My name in capitah rettahs. You not. So solly Limm wit onry one capitah L.
Pletty patetic, but I no solly you honah Mistah Limm dis way!
Velly preasing!
I am smiring… leary!
_
MarketRaider … good point about oil for stocks; oil for food is so yesterday. I think there is a global PPT at work.
When they ultimately fail, it is gonna be something to truly behold.
Naturally The Fly is right about the primary trend & bouncy time.
Limm brothers I love that stuff… truly an artform….Jake, you have met your match. Amazing is Amazing.
“Forget about fantasy land thoughts. If the U.S. Gov’t wanted to keep markets up, it could. It doesn’t need the help of the Saudi’s.”
I wouldn’t be so sure about that Fly. In another time and place what you are saying might be correct but after 8 years of spending into a mega deficit like there’s no tomorrow on things such as wars that were only supposed to last a couple weeks tops the .gov might need a bit of assistance. The U.S. avoids a market crash, the “Saudis” get someone to bully Iran and pay back a favor for the U.S. taking down Mr. Hussein (which they very much didn’t like) and the people pay for it via oil that is up so disproportionately from real demand its embarrassing to state the numbers. Hey the people are a captive audience which have to drive to work and heat their homes don’t they? I know it’s a bit tinfoily but not altogether unbelievable if you think about it, in the end its always the common people who carry the burden for the powers that be. Most people know something is amiss but just can’t quite put a finger on it.
Marketraider – I think people can put a “finger” on it alright…
The White House just flat fucked it up.
Gentle folks. What you are missing is that Japanese savers have amassed 7 trillion usd equivalent in their demand accounts. The Arab money is in London and trades euro futures. Should the Imperial War College decide to sell the yen and bid the buck, the market moves here, upwards. They can also do it by bidding le euro, since the bearded rat at the Fed has offered the Euros unlimited swap facilities starting in December, for any crap they feel like feeding the rat. Including mortgage paper, that has been collateralized. The shit eating rat is moving the market with the shitty bid since February.
additionally.. I have not seen the tape break the inverse relationship with the yen since last summer.
All is well. I’m feasting on ribeyes tonight, fuckers.
You ain’t no Skinny Stevi(e); the real Skinny Stevi(e) is on a macrobiotic diet. iow, ribeye free.
Check this out:
Robert Plant is in Nashville’s Green Hills Mall. We made eye contact. I nodded, as if to say “Well played, Sir.” He smirked, as if to say “Fuck off fatty.”
And that was my brush with greatness.
I always liked Pink Floyd better than Zep.
Jakey, if you are around, I promise you will like this one.
http://greatdepression2006.blogspot.com/2008/06/fed-has-deal-for-you.html
Calvin sez:
additionally.. I have not seen the tape break the inverse relationship with the yen since last summer.
IOW — Watch the yen, every day, and especially in the morning!
_
Boomer, it was your haircut. Seriously. He’s had his fat period too, and can overlook that. But not the hair.