You can’t make this shit up, even if you tried. “The Fly” is just minting new money, on a daily basis—sort of like the U.S. Treasury minus the fucking homos.[[MXB]] announced a secondary; the stock is eating pavement. Oil is gapping lower, effectively pile driving commodity stocks, with exception to [[RIG]]. [[SMN]] and [[DUG]] are sprinting higher.
And, last but not least, [[CLF]] is being raped.
Thus far, I am up 2.5% for the fucking morning.
If the market can’t climb on oil being bled like this, there is no hope. My guess, there is some sort of bounce in the making. With my money, I want to be short the basic resource sector, long rig makers, while cash rich.[[AA]] is reporting after the bell. They will miss, mainly because they are loosers [sic].
Oh, by the way, now we know why [[VMW]] had such a big short position.
Finally, I want to short all the industrial and basic resource stocks. All that stupid shit that makes up the ‘global growth’ story. I want to sell [[CAT]], CLF, [[X]], [[PCX]], [[TEX]], [[VMC]] and the whole gambit, if I may be so bold.
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the SMN is like a 30mm ripping through an iraqi mud-walled building.
i own the DUG, and i am clearly in the wrong one.
Having once owned VMW at the 120 level for some days trades, I feel like a complete fool for ever thinking that stock was ever worth that much. Even as a day trade
Oh yes, this morning is a perfect time to be an owner of SMN & DUG.
Warning to everyone … it’s all going DOWN, including big oil. The bears are eventually going to rip the head off of all the commodities, and shit down the windpipes.
BTW, Larry Kudlow is guest hosting CNBC this morning … there’s a man that ain’t sleeping well. He’s as white as a ghost.
I am not changing my views on oil until the chart says so. I am kind of a closet chart chopping fuckface. Oil hasn’t even touched its 10 day moving average.
Watch yourself Donny, you will be fucked selling into this minor sell-off. Nothing fundamental or technical has changed, yet. It has had 2 down days on a 52 week bull run and people are getting out. Funny.
I bot 4k BOOM at 28 even. Let’s see if we get a bounce.
There goes RIG
Hey Crude Broker … I make a motherfuckin’ living, betting against guys like you. My portfolio is WAY UP YTD, and it will be increasing further due to all the late comers (and soon to be bag holders), in the commodities, especially oil.
Donny <---- Skull Fucks the trend followers for a living.
Crude Broker has been dead right on oil, while you’re just some faux Danny.
Donny, so you are short the commodities, may I ask you for a few shorts you like in particular? thanks or as Danny would say, danks! (also, thanks to Fly for SMN, it took a few days but there she goes – but what’s with DGP?)
Your portfolio must be way up this year, you typed it in CAPS.
you are dead-nuts-on….the fact that the market isnt ripping with oil down is scary scary scary
we saw the futes get the “invisible” helping hand this morning, and now that isnt working either
…and earnings season hasnt even started yet
Come’on FLY … I don’t need to be shot down by you!
Listen up … I don’t give a FLYing fuck that Crude Broker has been “dead right on oil” in the past. He’s wrong now … wrong big time.
Some motherfucker wants to tell me, in the face of a global economic recession, energy prices will continue to rise. LOL! WTF?
Please, please, please … let’s all stop the bullshit!
It really seems that the Asshole dip buyers are off enjoying a nice summer vacation with all the money they made off the bears. Cocksuckers.
This market went from a supernatural bid to no bid overnight.
I trust Crude Broker and Fly.
Fly said: Finally, I want to short all the industrial and basic resource stocks. All that stupid shit that makes up the ‘global growth’ story. I want to sell (CAT: 69.77 -1.47%), CLF, (X: 149.06 -5.51%), (PCX: 119.74 -7.11%), (TEX: 46.38 -2.56%), (VMC: 55.24 +1.08%) and the whole gambit, if I may be so bold.
^^That’s very good advice.^^
Oil has nothing to do with economic viability.
It’s all about the transfer of wealth from West to East.
Prepare to pony up, sonny.
This ole’ daytrading fool is buying KRE (regional bank etf) and some HCBK,STI for some runup and then dump action.
Carlos Mencia said
“DEE DEE DEE” so I did!
yep, JEC, good one.
There is no translation of “global economic recession” in Chinese.
3,000 new cars/day on the streets is not slowing down demand in China.
I thought you would be shorting the shippers after their egregious run up from summer of 06 to fall of 07, then breaking down in the Jan and Mar downturns but unable to make new highs on the May run.
Yesterday looked like a good setup for another leg down.
When oil goes back up it should put another shim in their backs.
Your thoughts my leader?
Crude Broker does this make sense in your oil world?
ACM will eat dirt
OEH piling up vacancies … wait till war breaks out – international hotels will play ketchup with da banks
Look, I’m not gonna get in a pissing match with you when you start typing in CAPS WTF and LOL, you will win. However, I am just giving advice. The chart looks healthy, it has had big dips in March, April, and May, just like this. And what did you hear? “This is it, this is the top, oil’s coming off.” Every fucking time just so you know. I am comfortable with my position. I’ll let you know when I go bearish on oil. I can change my mind just so you know. Right now, nothing tells me otherwise — weak dollar, Iran tensions, limited supply, and of course, “hurricanes of death.”
Keep in mind that China produces more steel than the U.S., Japan and Canada combined. If you do some checking, you’ll find that more and more steel workers in China are getting laid off. They usually get paid $10/day. Unemployment benefits are $0.70/day. Tough to buy rice and noodles on that kind of comp.
“There is no translation of “global economic recession” in Chinese.”
That kind of decoupling talk will certainly end up crushing your balls. Despite all the hype, the tail doesn’t wag the dog. The chi-coms are fucked too!
Whats your outlook on oil in the nearterm? I am covering my shorts on DUG today, and loading up on the USO via options.
DOY gets you short crude, BTW.
China is not going to be fucked. They already are fucked.
Only if the morons on CNBC would look at a YTD chart of the Shanghai, they’d know that too.
Instead of doing skits on India and China, regarding their greatness, Erin Burnett should talk about how fucked they are.
FXP to $120.
Right now I am in wait mode but long. I can’t sell the exact top and buy the exact bottom like Donny but I can patiently watch this sell off without getting nervous. Fundamentally, absolutely nothing has changed. Technically, it still looks healthy. The weekly chart has shown strong support on the 10 day moving average so if it breaks that, watch yourself.
I think Erin is sexy, in a coke whorish kind of way.
Well look at this … Crude down huge (-$6)! Stocks down! Commodities down! Asia down! No asset class is safe … all down, down, down.
There’s no escape, it’s all going down.
Ever heard of a geopolitical risk premium? Oil is being driven by U.S. foreign policy, with a decreasing influence from inventories numbers. Traders couldn’t give two goat fucks about the economy as long as the straits of Hormuz are at risk. If Bush and Akhmebuttfuckjihad (I don’t care to look it up) met today and announced they were both flying to CA to get married, oil would be back to $80, and your bullshit argument would make sense. Put down the Econ book, boy.
People are running out of ideas, so going to cash. Smells like capitulation. We are getting closer to a near term bottom and a potential “fuck you bears” rally.
if window dressing were a country, it would be china.
i also think erin is cute, but i’m more of a becky quick or trish regan guy.
Easing out of KRE,STI,HCBK and gonna buy some cheap gas before Iran changes it’s mind (and it will).
whoever is in the market buying shit right now, like XOM, MON, etc., can go to hell!
Alpha … I still think the general sentiment is not negative enough to see a full fledged “capitulation” sell-off. I want to see a complete flushing of the markets before I even think about buying any long positions, and despite all the “doom and gloom”, we haven’t seen that yet.
Though we may see another short term rally, I do not believe it will look anything like April. Dow will very likely drop below 10,000 before it eclipses 13,000 again. Can you imagine the fuck faces on CNBC when the Dow drops below 10,000.
i think oil’s just profit-taking
i m 100% cash n i m bored waiting for the “imminent” bounce.
i guess everyone indicators showing super oversold signals.
Question is what sector to look at during the bounce
Doug Kass has morphed into some sort of retarded perma-bull.
That man is an idiot. He should not be managing money.
He should be wiping my windshield at my local Exxon.
“if window dressing were a country, it would be china.”
Great post Aris, imo more true than you know.
It’s all about the transfer of wealth from West to East.
And back to West again, when the retards with camel rodeos “invest” in C in the mid-40’s much to their chagrin.
Erin Burnett is a Williams girl, which immediately ruins it for me. In that regard, nothing will ever come near Super-MILF Liz Klayman in her prime.
Although that Poppy Harlow on CNN is making a strong bid these days.
One wonders if Ted has wandered that way yet?
I met Trish Regan when I attended Cramer’s Anniversary Show in March. Saw Erin in person too.
She is incredibly beautiful in person. Neither Quickie nor Erin are even in the same universe. Check her bio on wikipedia.