The entire bull thesis is dependent on oil trading lower. I know many bears who hate crude, due to its nonsensical rise, ignoring econ 101 “rules of reason.”
Listen up fucker.
Crude is your friend, especially if you are short the market. Crude is not running on supply/demand or because of dastardly bastardly hedge funds. It is running because it is.
In a world of fuckery, that’s all you need to know.
So, the bulls are pinning their hopes on weak crude and improving credit markets.
It’s a repeat fucktards. I already saw this movie and it ends like this:
[youtube:http://www.youtube.com/watch?v=yMwmqp3GLMc 450 300]In other news, [[SGP]] needs to go down, because their fucking drugs do not work. I am not a big fan of western medicine, with exception to antibiotics. When I am old, I will die in my house, not in some stupid hospital full of nosocomial infections— just in case you were wondering.
As an aside, the refiners are ripping higher. Right here, I like [[VLO]], [[TSO]] and [[SUN]].
Additionally, I like [[FTK]], [[ARD]], [[UPL]], [[SU]] and of course [[RIG]] and [[NOV]].
In short, it’s time to get short asshole banks again, like [[CATY]], [[EWBC]], [[VLY]], [[PACW]] and [[LEH]], while getting long crude in the most egregious way possible.
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How about Nat Gas for 6 month hold? CHK and APA have pulled back nicely.
Five stars all the way through, including using the word nosocomial, and especially the shark video.
Long USO via the calls, and short the credit cards.
Anton,
Whether the dow is down a little or a lot, they say “it’s not so bad”. When it’s up a little or a lot they dance gleefully. The financial news objectivity of the Financial News Leader of television leaves a lot to be desired. Those cocksuckers should just be like umpires and call it the way it is.
Isn’t that way we come here? The Fly doesn’t fuckin bullshit. That is what I respect, that is what I like.
Why isn’t it called a Black “Shark” Moment? Better than swan.
Dick Bove getting sued for defamation; Whuhahahah, can banks even do that about analysts?
I predict Dick Bove is the next to go under.
Fly…check out also WNR on the refiner front. Huge short interest there.
Need some opinions please…
I know a guy who got himself $150K deep into a preferred bank stock paying 8%, which holds subordinated debt of the bank, and is now worth around 100K. The value was recently as low as 70K.
Choices (as I see them):
1) Cut bait, ouch
2) Hold on, risk bank death (Key bank)
3) Buy Jan 2010 $5.00 puts @ $1.05 ea, enough to cover $150K worth of shares right now (Around $13.6K by my calculations)
4) ?? Thoughts?
Thx. Trying to help with damage control.
Granpa,
Absolutely no dispute with your assessment of the state of teevee financial “journalism.” Int’l version of cnbc marginally better, but only because they haven’t figured out how to pander for ratings among a target demo (Europeans & Asians) who still read.
Bloomberg is better, but much of the soporific programming seems geared at putting their audience into a coma.
Faux Financial News is like everything else Murdoch touches: Lowest common denominator, talk radio style, thought-free shit that demeans the audience and denigrates the culture.
Saying only that a “Granpa” handle plus fellatio references too easily conjure images of the unhappy childhoods of Dennis Kneale and Faux News “All Stars.”
Like I am one to fucking talk about fucking “inappropriate” fucking language.
The above comments are intended to be “satirical” and “humorous” and in no way suggest these teevee meatpuppets were victims of actual child abuse or that such abuse is even funny. It’s not. On on totally unrelated note, Murdoch should rot in hell listening to an endless loop of Bill O’Raly and Neil Cavuto.
I’d hold it.
4 platforms, 1 rig evacuated in the golf…
Thx, and the puts?
Smart man.
Why the hell is PACW so strong today?
I’m calling a bottom on corn and a timely death on VSE; can’t even short the stock… Whoever bets against corn is an asshole.
Bloomberg is better, but much of the soporific programming seems geared at putting their audience into a coma.
This is true, but what better way to be lulled into a stupor than by one of their internationale “hotettes” in the late a.m. hour?
___
Grampy, I’ve never seen the Fox News Financial bs (although I’ve seen Neil Cavuto, is that the same?), but I have to weigh in that nothing is worse than Bubble TV (CNBC), if only because they’ve acquired something of a mantle of faux respectibility over the years, due to the fact that they were “first mover” (after the dear Lou Ruhkeyser, may he RIP) in the space.
Keep in mind that Anton’s perspective is going to be colored a bit by his preference for the “wise analysis” of Keith Olbermann and other pinko retards from CNBC’s sister station. Forgive him, he’s a California resident.
That said, Bill O’Reilly (who is a graduate of my high school, I ruefully admit) is almost as big an asstard as Olbermann.
And that’s saying a lot.
__
Market has not fully confused the shorts yet….more upside due.
Violent upside.
Do you see the light?
APA may be a call, Cubs.
___
Update: I just checked the fibs, and APA is very close to touching it’s 38.2% retrace from underneath ($115.45). If it can bust through here on volume, this should be a nice trade all the way to $128.50 or so. If it gets repelled, it could be a short here, as well.
IOW, watch that line.
___
Lou’s wit, charm and sarcasm always worked for me. Only place to be on a Friday night. Miss him.
Anton and Jake, both posts were informative and humorous. Thanks guys.
One of my most cherished pictures is one with Lou 2 years before he died. I met him and Mike Holland at an investor’s show in NYC.
He put the class in Class Act.
And as a bonus, he favored George Washington.
Except with better teeth.
_____
“Why isn’t it called a Black “Shark” Moment? Better than swan.”
Because there are such things are black tip sharks so there are ‘black’ colored sharks.
There are no Black Swans so if you see one — you’re fucked.
I.e.: there’s no fucking way a terrorist could ever fly a major airplane into a building…
there’s no way FNM would ever go insolvent…
Jakey,
No one is more disappointed in Olberman’s decline into self-important asshattedness than his mother and me. Really tired of the long-form Obama commercial the show’s become. His showtime is now another hour of working on my whiteman jumpshot… to egregiously deadly effect, I might and do add.
Olberman-Patrick was “Must-See-TeeVee” back in the day. They long ago strip mined and land filled ESPN, tho. But I digress.
But as to my perspective being colored (do they still say “colored” where you live, Jake?) by where I live, I’ll have you know that I not only live in “hater-bait” California, I am in the latter day Sodom ‘n Gomorra of San Francisco, and “pink-o” has shades of meaning unto itself.
Ascribing my “preferences” and “perspective” to my location, however, undercuts your “argument,” such as it is, Sir, and is as weak a device as me suggesting that the fact that you happened to have fallen in love with and married your first cousin has anything to do with the fact that you happen to live in Appalachia.
It doesn’t and I wouldn’t.
Right about the “internationale hottettes,” tho.
Granpa, you are so right re: Lou. RIP. And with him, perhaps the last decent thoughtful financial news and analysis on teevee. As I’ve said before, there is room for the next generation, not just in print, but as webcast. “Flycast News” throughout the day would put the “homo hammer” (sorry, neighbors) down on the Bozo the Cramer site and send the CNBC crew back to selling Hyundais where they belong.
BTW, Jake, I’m not the one who “karma fragged” you, as I’m sure you probably know. I get an error message when I hit the karma keys today. Maybe it’s that “Culture Club” guy/girl’s birthday or something. (Sorry, neighbors)