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Joined Nov 10, 2007
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Jesus Christ, don’t you ever go to sleep?
He’s the Fly, not Christ.
Jesus is only up 11% year to date.
Yeah, if you’re just looking my Holdings in the Earth bourses. That’s like 1% of my Book. Really, what idiot trades his intergalactic credits on that shitball? Wait, do they even take intergalactic credits on Earth? I’ll ask Dad, he knows everything. I really need to visit you guys again sometime, perform some miracles, do some backflips, shit like that. Booyah!
And that didn’t scare Little Bull, did it?
– Bill Munny
No, no sir.
– Little Sue
I believe we have one more bloodbath left this week ..and hopefully the final one for the intermediate term. But at this moment I still don’t see a bottom. I did an informal but an interesting study on Google trends indicator that in combination with VIX analysis and levels of institutional participation kinda convinced me the bottom is not in. And if it is still not in, then there is a very good reason why this week we could finally see a final blood letting that I mentioned above. Why? Because the reasons of the Bear are becoming very well known and every single day more and more of that is getting discounted not to mention the egregious oversold levels. This may not be enough in and of themselves, but there are other things to consider too. The other key and not so objective driver is the still-stubborn complacency of market participants and especially individual investors. If you don’t believe it, just look at how consistent and steady the sell off has been. When was the last time you saw such an orderly retreat and the market recovering without a panic sell off??
Heads up:
Dow Futures currently down approximately 100 points.
Bernanke speaking at FDIC Mortgage meeting at 8 AM, remarks will be carried live on Bloomberg. Paulson at 3 pm.
It’s not just the Asian markets that are down, the European indexes are also down about 2.5 percent each.
fwiw, Fleck says he’ll be staying with his chunky short position in COF thru earnings this Thursday.
1240 held nicely yesterday and did the same this morning in futures. The Q’s hit some real strong support also.
Playing for a bounce in the Homies again today, I’m prob going to the well one too many times though.
why is it gonna be different this time, or is it? history repeats itself or does it? how we doin today as compared to past bears? any takes on how much more we going down and how we get there?
The End Is Near. Sinners Beware!!!
VIX 32 is coming today.
i apologize if this has already been posted
http://newyork.craigslist.org/fct/zip/745957971.html
Why does T-Bone always make me uncomfortable when he’s on CNBC..with all of his Gay charts and shit. What a hustler.
mrkcbill, you should feel lucky. I was stuck listening to Dick Bove talk about the banks on Bloomberg…
October is the month of crashes – just hold on till then. I am submitting comments too fast – I will try to slow down.
Fuck the market. Fuck the predictions. It is how the brain is wired that counts. You have to think outside the herd fuckers. It is not that easy!!! It takes 21 days to change ones ideas. You have to be able to do this in 10 minutes. I know the Fly can do this. That is why I enjoy this site.
VMW ODP – Good lord.
Perhaps a good time to declare victory on CLF short…