I covered all of my shorts, with exception to [[CLF]], [[MXB]], [[PACW]] and double inverse longs: [[FXP]], [[DUG]], [[SMN]] and [[TWM]].
Here are some final parting thoughts:
Was it a good idea to raise Fannie Mae’s GSE portfolio caps to $730,000? Everyone with an IQ over 100 knew it was a horrid idea.
When will CNBC stop inviting fucktards who have been poleaxed in this tape, in exchange for stock Gods like “The Fly”?
Finally, beware of more “this is the bottom” calls.
Top pick: long [[RIG]], short MXB
NOTE: [[FED]] hit 5 and change today.
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Hey,
At least you can buy RIG fifteen bucks cheaper.
Warning to all motherfuckers attempting to get cute here. Make NO motherfucking mistake, it’s all going down … including energy, materials, and agriculture. All of it, DOWN!
The permaidiots, will form a new fist fucking queue. Giddy-Up Boys.
Seriously, how the hell can somebody from UBS come in today and call a 20%-25% rally on the SP500 by years end?
I missed this earlier:
DOW JONES NEWSWIRES
Platts has put Lehman Brothers Holdings Inc. (LEH) under review, barring the bank from trading benchmark-setting oil contracts at Platts’ price-setting window, Reuters reported Monday, citing sources close to the matter. The reasons for the temporary review were unclear, although one of the sources said “it’s because of credit issues,” without being more specific. Platts, an energy news and pricing service that is part of McGraw-Hill Cos. Inc. (MHP), didn’t confirm or deny the Lehman review.
maybe they heard oil is going to roll over???
OA:
Fuck you.
My feeling is a good trader can make money on almost any stock right now. The problem is the amount and the risk/reward suck. It’s like mother market is only doing hand jobs and charging for a fuck. Fuck you Mother Market I won’t play. I will jerk myself off like my hand owes me money!!!!
Now I picture Little Bill as the permabull here, and Bill Munny as the grizzly.
LITTLE SUE contd.
He said how you was really Three
Fingered Jack out of Missouri…
an’ Bill said “Same Three Fingered
Jack that dynamited the Rock
Island and Pacific in ’69 killin’
women and children an’ all?” An’
Ned says you done a lot worse than
that, said you was more cold
blooded than William Bonney or
Clay Alisson or the James Brothers
an’ how if he hurt Ned again you
was gonna come an’ kill him like
you killed a U.S. Marshall in ’73.
MUNNY
Didn’t scare Little Bill though,
did it?
LITTLE SUE
N-no, sir?
MUNNY
Lemmee see that Schofield, Kid.
I think you know what happens next to bulltards.
Mr. Senor “The Fly,”
Looks like you covered just in time.
An “expert” I’ve never heard of is telling splay-eyed Maria Baromotard that we’re heading up 25-30% in the second half. All this inflation foolishness will “blow over” and we’re off to the races.
This guy works for aptly named UBS, btw, which I believe is where perennial Connecticut country club reject Larry “Call me Larry” Kudlow spent his drinking days.
Is this even fucking within the realm of possibility?
I’ll take my answer off the air.
My metals watchlist just shifted down AH in lockstep. Wonder if AA is gonna release a bowser?
Update – my bad. I thought they announced tonight.
Mike,
This site is running slower for me today than a CNBC anchor does long division. Didn’t see your post re: the UBS a-hole.
UBS and about 10 others are calling for, on average, an 8% return in the SP500 for 2008. That’s why the market HAS TO make 25% the second half of this year.
It has to, mind you….or, they’ll kill themselves.
Anton —
Maria is something of a human fluke isn’t she?
Literally, I mean.
A fuggin’ Picasso woman, is ole Maria.
__
_______
deleted double
dawgg – Promise?
I just don’t see it.
But maybe I’m being a “gloomy Gus.”
FYI — RIG’s 38% retrace is $137.60.
Watch that fucking line.
___
Jake,
Many of those “on the teevee” have truly freakish features in “the real life.”
I have not met the ever-gushing, softball tossing, makes-Katie-Couric-look-like-Walter-Cronkite Baromotard, but when the camera catches her from the side her beak looks like it’s popping out of “Jaws 3-D.”
Even those collegen-inflated lips can’t diminish the Mt. Vesuvius that is her schnoz.
Picasso is kind. To me she always looked like that lame newspaper comic, “Dondi.” Only someone who thinks Bugs Bunny looked hot in a dress would call this Sicilian washer woman a “money honey.”
Fly, don’t you just want to coast now. 70% gold and 30% smn and sit on Jones beach or something?
SMN finally looks like it’s getting some traction.
gay monsanto needs to die anyway.
So FLY what is your YTD performance now?
Jones Beach is disgusting.
agriculture and oil are so crowded and last ones to get poleaxed. i was writing that I covered earlier today as well.
nice to see you book sweet gains and now stand aside.
the next easy trade or investment will be to the long side, just may be a while.
well done
h
Only someone who thinks Bugs Bunny looked hot in a dress…
I think Bugs is hot in a dress & wig but the Sea Hag gives me shrinkage.
i’m actually laughing out loud at the larry kudlow show right now.
there’s some spaz case in glasses and a black suit that is clearly insane and has no idea what the stock market actually is.
Sources say Fly was seen talking with George from Seinfield… I believe they will be joining forces in full out George S-whatever-his-last-name-is mode.
My IQ is 56 and I knew. Flynn Effect
I Do It
IMB is done. Good fucking riddance.
http://www.marketwatch.com/news/story/indymac-halts-new-loans-under/story.aspx?guid=%7B7FA3323C%2D60AC%2D4D72%2D9B4C%2D3E9538694C21%7D&siteid=yhoof
TC:
Good luck to your boy!
I will be out on Sat and Sun for the Am.
Try the Darling House if your in the Village, new Scottish pub. +3 on the front side this afternoon from the tips…(they cut the rough down this morning) not bad for a hack..
Is this blog 1st Tier or what! Great Job Fly. I still can’t believe how you can kick out these posts and trade like some sort of Space Alien Magician.
Respect!
RIG does look like its fucked here …….broke down major resistance levels………short that shit
Futures getting homo hammered. Tomorrow may be near term capitulation.