No, I am not going to pop off on a tangent, complaining about how stupid everyone is for buying stocks, into horrendous earnings. Instead, I will point to the catastrophic declines in a multitude of names and predict pain for those of you who are sentimental about “summer rallies.”
[[AGO]], [[SFI]], [[RF]], [[CATY]], [[WM]], [[AXP]], [[NCC]], [[FTBK]], [[FED]], [[COF]] and [[MBI]] are being flame broiled, then tossed in the trash can. I can’t look at [[CAT]] and feel all warm and fuzzy about ‘global growth’ when this shit is happening.So sorry.
Seriously, one would have to be mentally ill and fitted for a sleeveless dinner jacket, in order to get bullish now. The only thing the bulls “have going for them” is the lack of a giant hurricane to knock over those fucking rigs in the gulf. Other than that, it’s pure agony.
In short, there are many money managers out there who are into the ‘goldilocks economy.’ After all, if you were the architect for a new economy in a vibrant civilization, America’s hodge podge of banking fuckery would be the ideal choice for the perfect monetary system, no? This shit is like a well oiled muffler with a bullshit engine inside, constantly needing some asshole to push it down to the next repair center.
Short [[GM]].
In other news, I still like [[RIG]], despite the sudden lack of ‘killer ‘canes’ in the gulf. In addition, the rally in [[HDB]] is borderline absurd. Sell it twice.
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lol @ front page pic.
This tape is fuckin unreal
Get me a jacket…go large with the financials…Ducati thinks it’s over.
Market neutral is the line of sanity. Short/Long 50% cash
Goldi’ has AIDS
Hahaha, best pic yet!
Nice work Jeremy.
That was fucking hilarity.
Jeremy deserves a wage increase.
Two hot meals a day, only ONE of which will be a bowl of steam!
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the story has changed ladies
What is up with WU ?
Who the hell uses that company. All the stupid people of the world with not enough money to own a bank account or online bank account must be lining up to use their services. Dumb.
There must be at least a gazillion other ways to transfer money cheaper. That company really irritates me.
Greg — lots of illegals use it to send money home. Legals too.
the kudlow/merlin pic made me lol.
i don’t even know where to begin with this tape. none of it makes any sense.
WU has 12 million (illegal immigrant) customers in the US sending $$$ back home.
Come on Fly, get drunk and buy stocks!
I have a feeling there’s a trader servant with many welts on his head wandering Central Park right now… unsure of his name or address.
___
Foop! Your bullshit selloff is gone!
“Nilrem.”
That’s good.
___
Funny how when the Arab appears on CNBS with Maria he isn’t wearing his white robes.
http://money.cnn.com/magazines/fortune/fortune_archive/2007/03/19/8402357/index.htm
Actual picture of Nilrem:
http://www.htrae.com/images/LG-Nilrem300.jpg
this market is filled with fools. all the banks could go out of business, but if crude breaks 120, the s&p will go to 2001 and we’ll all be staring into the abyss with a bone in our hand, while cursing at HAL.
Sold aug xfl 23 puts at 3.05 (+.74) And USO goes to 99 as I predicted on Thursday
How come everything you say is Opposite to what happens. I’m going to call you Bizzaro Fly, maybe Costanza Fly…
Fuck off.
The market disobeys me for brief stints before succumbing to its senses. If your time horizon is less than 2 weeks, go play with Dice in Macau and quit the market.
Fuckface.
We got an old man with a wizard’s hat in the bathroom puking up oatmeal, can someone get him a cab
It feels like a ping pong, but now my sense is that it is on the oil bears that a lack of hurricane damage did not do more damage to the oil price. That opinion and 2 cents, however, gets you 2 cents. I am buying some RIG here, as the Costanza Fly comment may be the signal that the counter-trend rally is over. Fly usually does win, eventually. Plus, the valuation here looks pretty compelling.
BAC up nearly 50% in a week, and there are still assholes buying the stock up (shit, even Dougie Kass unload his BAC long)…unbelievable
I am greatly diminishing my financials shorts (it’s that time of the year again) and pressing my coal/steel shorts via JRCC/BTU/ACI/AKS/X; also throwing a fork at BIG/PCLN.
Rev Shark calling out Kass on his fuckery.
Rev Shark
Calling turns
7/22/2008 12:07 PM EDT
Calling market turns is easy if you do it enough. What is really important is correct timing. I propose that anyone calling a major sector or market turn must also disclose the number of times they have made similar calls and at what prices.
Doug Kass
Another Ludicrous Forecast
7/22/2008 11:32 AM EDT
This morning, I conveyed one ludicrous forecast, so now I have another one. As I also recently mentioned on The Edge, I suspect there is a growing chance that we have seen the year’s lows in the major averages.
Position: None
what the fuck is pushing the casinos?
Short zqueeze Topper