[[FED]] is a really bad company.
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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,376 Blog Posts
Like there’s a good one. ::rolls eyes::
Ukraine is next in Russia’s crosshairs.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayrpPV6nJ4Qk&refer=worldwide
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Who said the below in 2001?
” …, more or less serious setbacks are also expected in the freedom efforts of the now-dissolved Eastern Block countries. A great deal of what has already been accomplished will most likely be destroyed. With great probability, everywhere in those regions where the population is not yet mature enough to sustain their newly won freedom, the people will behave so irrationally that their governments will be left with no alternative but to tighten the reigns again and take unpopular actions. Joined with this are the completely unlawful interferences and covert influences by western nations and their secret services. Altogether, these can lead to bloody conflicts, causing a chain reaction, which finally brings on the outbreak of a global war. So the danger of World War III is, unfortunately, by no means prevented.”
Congrats to the neo-cons for restarting the cold war. Very shrewd move. You’ll make a bundle fly.
Juice my vote is Bush.
Wage inflation will sack the Heng Seng for another 30%.
A multitude of short sells forthcoming.
you can do better than that Chuck.
Its amazing how China continues to drain during their own Olympics. If they’re gonna be the next economic superpower, its got to be a buy somewhere btw here & zero.
Chinese economy is going downward, for the next three years.
real inflation, not that corn stuff, is mercing profits.
No upside until 2010.
I throw hand grenades at false spam charges and stand ready with rounds of 25-155mm projectiles provided by ADG.
Fly, lets fess up to the truth here, you my pal of mine are nothing flea, barbie wanna be , who crawls into train station restrooms with a ken doll, then crys I know Cramer is correct the bottom IS in!
Shanghai bounced almost respectively off of its lows. If the setup is right, I may try a long FXI or short FXP, for a trade.
Deutsche take PCZ fm Buy to Hold after a move fm 63 to 43. If she opens down this am, I’m in for a trade.
How useless are some analysts?
Any guesses as to what stunt the PPT will try to pull today? Down fifty points on the spy futures, time to get creative.
@Flea Powder: Sorry, I didn’t follow what you said. Something about Flea (you, I presume), a Ken Doll, and Cramer’s bottom?
@”The Fly”: How much longer will Chinese “Copulationally-Mentally Disabled” persons be willing to make me iPods for pennies a day? The third world is rising up, the first world is falling back, and we’ll all meet somewhere near two and a third.
China is done!!! Empty shoping malls. Unemployed stupid people. False earnings reports. You can see they are great at putting on fake shows at the olympics. So what makes the econony any different. All show and no quality. Fuck Them Big Time.
Cal, 50 pts or 5?
I don’t think the PPT will be active till the weekend for next week. They know they can get more bang for the buck if they let people get offsides first.
Oh I forgot: FLY premarket gainer today.
My gameplan today was to short SHLD and SMN. Fucking couldn’t get any shares to short.
Fly, whats your trade/investment m.o. for KBH, besides to make money? Is it the good house in a bad neighborhood trade?
Somebody get Chivas up.
This baby is about to take off to the races – should be a +20 handle S & P day
you’ll be swearing in no time FLY….smile
Bennet Sedacca
10:22:38 AM
No positions in stocks mentioned.
This ought to be interesting…
American International Group (AIG) is coming to market with a 144A (institutional investors only) 10-year deal.
I haven’t heard price talk, but most AIG debt has been trading in the +550-650 area.
This ought to be interesting and rather uneconomic.
Bennet Sedacca
10:12:15 AM
position in JPM/WFC preferreds
Sell when you can…
I’m hearing a new JPMorgan (JPM) preferred deal is being shopped around. No price talk yet, but I would gather in the 8 1/2% vicinity, given the warm reception to the Wells Fargo (WFC) 8 5/8% yesterday.
But I still see spreads widening every single day, a trend I expect to continue and then accelerate.
My firm remains cautious, very cautious, towards credit.
The window has shut on many regional banks and other financials like Washington Mutual (WM) and AIG (AIG), and I don’t think it will be long until it closes completely.
And then, the stock market may finally wake up to reality.
Brucey,
Did we get an answer on the quote yet? I’m guessing Mikhail Gorbachev.
Sounds like a freedom eater to me, whomever he is, unless I’m mistaking what strikes me as a sympathetic gummint tonality.
Without a blink I could see it being Kissinger, for instance.
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HAA HAHAAHAHAHAHAHAHAHAHAHAAHAHAHA!!
You no moah tly to bling fat Amelican gulls ovah heah, you heah?
We win gord medars and den froat out of gymnasium, you Amelican gulls eat cheesbuggah!
So what we ereven yeahs ord, and no see mama since we tlee?
We kick capatarist lunning dog ahhss! You soff!
Hee hee heheheheheheheheheheheheheee!
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no Jake .. its flying saucer, alien contactee, prophet of the new age, one of your favorite lunatics – Billy Meier
Teeny Tiny Rittle Chinese Gymnast fall off her barance beem like eleven year ohd. She should flap arms, float back up on apparatush like buttelfry.
You got dat light, Joe!
I terr you, foah a minute deah, I taught my kidneys “hahvested” foah shoah!
Tanks Mao fo dey fat Amelican chokahs (and dee genelous judges, tank you Orympic Committee!) who fall down on dey fat cheesebuggah ahhsses!
Maybe we get vacation day dis yeah now! Mebbe go pray “Recognize you palents” or somefing.
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Bruce — isn’t he from Germany or something?
Probably a big fan of the Staazi in his day. (g)
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You eet flied lice wiff cabbage deer rittle gull? I heel yu coach thletened to jump of blidge eif yu dun’t ween?
Jake – switzerland , no Stasi connections
although he was known as ‘The Phantom’, a hired gun to apprehend mass murderers & serial killers amoung others
http://www.theyfly.com/news2005/dec05/billy/phantom_meier.jpg
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unrelated – great article on gold & silver & why you should own some
http://www.minyanville.com/articles/gold-metals-silver-currency/index/a/18493
Someone rang a bell at 1:00 Monday.
The 3 day charts are fascinating. Starting at 1:00 on Monday, all the stuff that had been working since July 15 peaked (banks, brokers, homebuilders, retail). Those have been sold aggressively, starting around 1:00. All the charts look identical.
Also starting at 1:00 on Monday, they started buying alot of the stuff that had been sold aggressively since July 15. CHK, APA, POT, MOS, etc. These charts are in strong uptrends beginning at 1:00 on Monday and look essentially identical.
What happened at 1:00 on Monday to change the psychology of the guys with the firepower who set prices?
You eet flied lice wiff cabbage deer rittle gull? I heel yu coach thletened to jump of blidge eif yu dun’t ween.
Not exacry, Joe. Actuary, he thleatened by Pahty chiefs wif being trown off blidge heself, if we not win.
Aftah dey hahvest his usaraber o-gans for grolious aging Poritbulo membah use, uf caus.
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Bruce, good article. Likely because I concur. I wonder whether I should wait for $780 or not?
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no idea jake .. lots of opinions out there … its a hundred down & a thousand or four up, long term, if you believe the bullish case