Let’s give the auto-morons 50 billion, the plane-imbeciles 100 billion and the banking-fools another 500 billion. Seriously, following years of being ripped off by contractors overseas (300% markups on hammers, food and supplies), this administration isn’t trying to hide the brazen criminality of it all, sort of like a mid-afternoon bank robbery, no mask.
Don’t misconstrue me. This is not a political statement, since the democrats are gleefully aiding and abetting. This is a matter of losers being elected into office, then fleecing the U.S. Treasury of all of its savings and IOU’s. Why isn’t this a major issue in this years roaming carnivale (elections)?
Either the candidates are too stupid, or they are complicit. Nonetheless, I still believe Bill Miller should resign from Legg Mason, Inc. [[LM]] and run for President. I’d vote for him.
I’d rather have a man, who understands the horror of the banking sector, like Mr. Miller, than some jackass who thinks the economy is on fire. Any reported GDP slowdowns are merely “mental recessions,” no?
I digress.
Steve Jobs still looks sick. Therefore, the “Sick Steve Trade” is still on. Short Apple Inc. [[AAPL]] down to $125.
The global infrastructure boom is toasty, as evidenced by engineering firms Foster Wheeler Ltd. [[FWLT]] , Fluor Corporation (NEW) [[FLR]] , Jacobs Engineering Group Inc. [[JEC]] , URS Corporation [[URS]] and ABB Ltd (ADR) [[ABB]] . In addition, I dislike, with every ounce of adrenaline in my body, shares of Caterpillar Inc. [[CAT]] , Terex Corporation [[TEX]] , Texas Industries, Inc. [[TXI]] , Eagle Materials, Inc. [[EXP]] , Martin Marietta Materials, Inc. [[MLM]] and Vulcan Materials Company [[VMC]] .
I covered my Lehman Brothers Holdings Inc. [[LEH]] short, all of it—sub $10. They may go out of business, or not. Either way, the easy money has been made.
With the proceeds, I doubled my [[SKF]] position, added to [[DIG]] , [[IEO]] and [[FXP]] .
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Jobs looks emaciated.
2012
Gawd Dammit Fly … Today is just like the end of the rainbow. My gains are so fucking egregious today, even you, The Fly, would be proud!
LEH has TWO written all over it.
Fly, any interest in the ferts for a trade?
update: TWO, as in, cents. ok Donald? Any relation to The Donald?
update II: bot MOS , TRA for a flip.
Juice … Lehman has a decimal point handle written all over it.
Donny:
Good for you. Take it from me, it never lasts.
Change your thesis or get rolled on.
By change, I could only suggest covering oil shorts. I sold my last piece of DUG today.
7 down days is a record.
I like all commodities here, for a trade.
Buy the blood.
Screw Bill Miller, The Fly for President!
Ahem… aren’t we overlooking the motht obviouth candidate for Prethident???
Good to see you back, oh scissor-torsoed one.
___
Ahem… aren’t we overlooking the motht obviouth candidate for Prethident???
THAT was funny. Jake???
i wonder how many dopes went long LEH after watching dick bove with erin.
i pray the UYG closes below 21.86. they bounced it off 21.87 a couple of minutes ago, but it’s a feeble effort.
Velcome to USSA – United Socialist States of America .
I went long LEH, took a quick 20%+ profit, then reverses it.
Then again, I am a “space alien magician,” minus one appendix.
Fly … I partially agree with you. In fact I will likely sell my position in DUG soon, but not until crude trades below 100. That could happen this week.
That is great: USSA!
I love it.
Donny:
Sometimes the stocks bottom, before the commodity. Keep that in mind.
Donald, Brent is under par. Take some DUG, WW3 is a hair trigger away.
My favorite rumour of the day: GMAC to file for bankruptcy soon. Thank you, God. From here on out, but mainly later this month and into October, I expect we will be hammered by bad news. Or good news, for us twisted few.
Okay fellas … I did it … I sold my DUG just 5 min’s ago … 44.08 – 44.10. Reason being, Risk v. Reward. My rewards are good … very fuckin’ good.
I still hold several ultra-short ETFs.
Fly, you’re a good man.
load the SKF truck.
It’s $40 cheap.
paging merlin
Jobs will outlive all of us. He has evolved beyond the need for flesh.
This song makes me want to cry.
$20 next downward target for UYG.
yeah, i remember aapl was “too tough” to short from 180, but now it is a no brainer. whatever.
This is so fucked up.
People always sell their winners to raise cash right? WMT at 52 week highs and RTH is going to free fall soon.
Keep the markets open. I’m off to a college golf tournament in Dalton, GA (The Farm GC).
Dick Fuld about to begin the long journey to the Gulag.
and selling losers too. disgusting, insipid, and utterly loathsome activity.
From Bloomberg: Senator Bunning Says Paulson Acts Like Socialist, Should Resign
http://www.bloomberg.com/apps/news?pid=20601087&sid=alpUsTv3.upI&refer=home
I’m an Idiot … why you ask? Because I continually say the bottom is in and then I have the nerve to write:
BLACK HOLES
Jim Cramer
9/9/08 3:14 PM EDT
Before we get a bottom EVERY BLACK HOLE MUST BE FIXED OR SHOT: AIG, LEH, F, GM, WM, C–everyone and until we will not be out of th woods..
Commodity stocks, across the board feeling the wrath of an angry clown.
Down open tomorrow & rally outta the hole?
==================================
Bennet Sedacca
03:02:16 PM
No positions in stocks mentioned.
The next problem child is…
After Lehman (LEH) and Washington Mutual (WM)… it’ll be Wachovia (WB), no wait, AIG (AIG).
How ’bout both?
They both have the same problem. They are too big to bail out. They cannot finance themselves.
They are too large to completely fail.
The list grows and grows.
it’s all about time-frames. those clowns are going to have to dump their garbage for pennies on the dollar onto funds that are willing to sit on trash for 15yrs, while it decomposes and turns into dandelions.
Great link, Cramer’s an Idiot!
“When I picked up my newspaper yesterday, I thought I woke up in France.”
That’s gotta be the quote of the week. Jim Bunning for fucking President!
Current Stock Market Psychology
Life’s a bitch when we all have to de-lever at the same time.
Then we die. R.I.P Atticus Capital, LEH, FNM, FRE, AIG, WM
Ron Paul – President
Ron Paul Girl – Veep
Jesse Ventura – Sec of Defense
Jim Bunning – Sec of Treas
Jake Gint – Sec of Debates