Today’s winners on the Dow include:
[[GM]], [[JPM]], [[WMT]] and [[HD]], while [[AXP]], [[MRK]] and [[VZ]] lag.In the Nasdaq, the lion share of the gains can be attributed to strength in the following:
[[SBUX]], [[LAMR]], [[PCAR]], [[GRMN]] and [[EBAY]], while [[AAPL]], [[QCOM]], [[YHOO]], [[BIDU]] and [[ADBE]] lag.In addition, financial related names are catapulting higher, as amateur shorts get squeezed and coked out money managers average down. My guess, the market will remain range bound, with wild swings between 10,750-11,650, until September.
If you are going to keep skin in the game, remember to be hedged.
Top pick: long [[FXP]]
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This bank rally looks weird with C not playing. Was waiting for C to pop $20.50 and it hasn’t happened.
THEY KICKED ME OUT OF THE DOW..
Anybody going to gamble and buy a few calls on WAMU? I mean, unless they are going to announce bankruptcy, that stock could rally like WB.
fucking unbelivable.
DAL will be a looser. But it is kicking ass for me now
I like QCOM going into their earnings tomorrow. They have been beaten up pretty bad and with the whole 3G buildout they should report solid numbers. I just picked up a few calls and also bought AAPL at 158.40 just to make the rest of the day interesting.
I am guessing the fly is NOT a buyer of SKF down here at $127.19 ?
Longs will rule this market for short term future ?
I just sold short some FHN, fuck them and their pet goats.
IS the fly a buyer down here at $125.67 ?
🙂
Told yas ta buy da banks …. Now buy some Ugg’s to go with your Banks 🙂 on credit, of course.
Long live trillions of dollars of debt at the tax payers expense. Sure you’re getting double whammied at the gas pump & supporting our failed banking system. Whaddya expect, a government by the people, for the people? Naive fuckers. ROTFLOL !!
Covered my remaining SKF shorts and sold my UYG longs. Went long some SKF at sub $126
I would hate to have been an SKF long from that $211 trip down to here. Fuck that must have been painful. I was shorting SKF at $150 all the way to $200. That close above $200 was the worst day of my life. Couldn’t sleep all night. I felt violated.
How about FXP now at $123.58 ? Are you a buyer yet ?
I’m laughing my ass off. Making so much money short oil, long financials, long Bio that I’m going to feed $100 bills to my pigs this evening. Too many of you fucktards are in denial. We’re in a BULL mkt now. Phuck all this talk about fundamentals. Fundies follow the price action. Oil crashing to the $60-$70 range will propel this mkt to 17 K in the blink of a pigs eye. You short phuckers will be shitting your drawers trying to cover.
I just entered a HUGE short on BAC hoping for 5%-10% move retracement… Bank of America up 75% in a week? Get the fuck out the here…very very tight stop loss.
Oh well, I bought some FXP at $123.51 … maybe I will look stupid tomorrow.
i found this about 6 months ago somewhere on the tubes. i have it printed on 3 foot by 4 foot paper in 144 point font, posted just behind my monitor. it helps to reinforce what we all know deep down to be true.
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The debt bubble took many years to manifest and the other side of the credit expansion will be profound. As the powers that be pull the strings (desperate times call for desperate measures) we must allow for relative upticks in the context of a more pervasive deterioration.
Greg —
You mean SKF, yes?
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Null,
It’s hard not to be discouraged when you know a market is built on bullshit.
But then, that glimmer of reality is also some assistance as well.
__
Whose chair izzat?
Not MY chair.
NO way!
Bull-shiddt.
___
jake-
we both know its only a matter of time before the chickens come home to roost….the longer this drags on, the more painful it will ultimately be.
Null,
True, I just hope I’m not living in the chicken coop by the time this bullshit phase is over.
_