Do these people ever stop suckering the retail investor into stocks? I mean, all these assholes do is highlight the silver lining, which would be fine if it was a fucking baseball or soccer game. But, this is real life, assholes.
The fact of the matter is, things are NOT okay. It is irresponsible for these idiots to incessantly tout stocks, while the market does nothing but go lower.
I am sure, with the cast of morons featured on CNBC, they have cost the average or not so average investor billions of dollars in capital losses. If they would only set aside their fucking agendas and explain the risks and dangers of investing into the worst economy since the Great Depression, maybe people wouldn’t want to throw turkey sandwiches at them, while smoking aged Cuban cigars—banking egregious amounts of coin short what they recommend to buy.
NOTE: I made a mistake selling [[DIG]] and [[IEO]] this morning. However, with the proceeds, I did execute some good trades in Freeport-McMoRan Copper & Gold Inc. [[FCX]] , [[SKF]] and [[SRS]] .
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Fly, shh, we need them.
Short some more here or time to go long ( short term) ?
IEO is too thin to trade size anyway.
Perhaps you’d like the people to listen to The Mouth of Sauron, instead?
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Fly, don’t leave GG out of your shiny pile.
Nor RGLD.
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The CNBC credo is: never depress the viewer.
CNBC is NOT a financial news network. It is ENTERTAINMENT. Sponsors won’t pay to advertise bad news. That is why they are never allowed to say BAD things.
If GE goes bankrupt it will be worth it just to see Darren Rovell lose his useless job.
Hey all, there was a post here a few days ago that listed the commercial real estate firms that are in the midst of being punished by the likes of Lehman cleaning out their desks. I’ve looked all over for that post, but it’s proving to be an elusive bastard. Does anyone know what firm they were talking about?
Thanks,
Kramer just blamed “the shorts” for this horror. Listen to him. He’s an “expert”
George:
SLG and BXP
VNO suck too.
Buy Gold fuckers. http://www.youtube.com/watch?v=A1xUU4EASZ4 Arabs love it too!
He also told people to go buy MS Sept calls if they believe in the short selling rule. I cant wait to laugh when those idiots realize that they expire on friday once they see them poof away.
Fly, are you expecting a kill the short rally tommorow like the last time the SEC got happy?
DGP, Double gold long is kicking all kinds of ass.
invisible hand will try to rule the last hour
Cramer is a pox. At some point, people will understand that entertainment and finance should not be mixed. Sorry, electric guitars and loud bass combined with unqualified idiots screaming at each other do not make for smart financial decision making.
BIG MIKE BUYS Morgan Stanley…We will finish in the green today…Giddy-Up…
Evil Short Sellers…
BIG MIKE BUYS Morgan Stanley…We will finish in the green today…Giddy-Up…
Evil Short Sellers…
FYI: VIX spiked pretty high today and is coming down; in all seriousness, did today feel like capitulation day?
Stock Speculator- I would like to see some pie throwing ala Soupy Sales.
CNBC and Kramer helped make me interested in the market in terms of actively trading, versus long term investing, so I thank them for that.
I started losing money by listening to their endless shilling, fucking prostitutes that they are. That was okay, because my “long term” investments were losing me dough too.
Now, thanks to iBC, I’m cockslapping them hard. I wish I’d started years ago.
Another satisfied customer!
Big Mike – I would say WFC has the best shot of ending + and maybe STI.
I don’t like seeing this gold up 11% 🙁
This makes me wish I had *actual* money to short this shit.
I was just shaking my head in amazement at WB in the single digits, and noticed that just 13 months ago WB raised its dividend to an annual rate of $2.56/share.
We can mock the CNBC clowns, with much justification, but we should also remember that the overwhelming majority of the people running the financial companies were equally clueless about the House of Shite they had built and were living in.
I didn’t (and don’t) know jack about all the securitization and hedging and swaps and other wizardry that was supposed to be a marvel of risk management and risk pricing, but it was very easy to understand that any of those marvelous securities related to residential real estate depended on wildly overpriced assets to remain wildly overpriced.
The CNBC folks are just doing their jobs – keeping their advertisers in the financial services industry happy.
What excuse do the bankers, et al, have?
There’s a contra-trend move almost every opex week around Tue, Wed, or Thu, usually in the afternoon. Mark it on your calendar. I bet if it wasn’t opex, we would’ve crashed today as you expected.
FLY,
I second exactly what Danny said in the first post. After all, it is these stupid people we make our money from.
I’ve lost track of how many times the Fed has pulled some shit right before options expiration, just within the past year. That is why I don’t mess with front month contracts anymore. Almost got wiped out back when they went gay back in 1998.
I resent that!
Trader caddy – It’s all fun and games until dad blows the IRA on some dumb ass Cramer pick and lands up going on a 3 day drinking binge. Do you want to tell your friends that you had to retrieve your dad out of a dumpster behind Arby’s at 3AM Thrursday Morning?
I didn’t think so.
looks like 1165 is a major line in the sand. mark that one down.
last two hours have been the strongest tape in days.
pray for 1210
Big Mike:
May you choke to death on David Faber’s balls.
They did the same thing in 2000 during the tech bubble burst. Every contra rally during the decline was met by CNBC idiots saying, “If you bought the dips over the last 5 years, you made money!!” CNBC only has a couple of people with a brain.
Now, thanks to iBC, I’m cockslapping them hard. I wish I’d started years ago.
Another satisfied customer!
^^ First hire for the late night info-mercial. ^^
Do they still have the “J Channel” in NYC? It’s been a while…
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JGint, I actually had a little diamond-like sparkle glinting off my front tooth when I said it. It made a little noise like a chime sounding.
CNBC only has a couple of people with a brain.
I had thought it was all one big “Unibrain” ovah theah?
Danny, longer term 1165 is meaningless as is 1210. We have been making lower lows since october 2007. I believe we are carving out a 3rd leg down now. We may rally a day or two but the trend is down. The Fed has fired its bullets and they are blanks. Nothing major will happen until after the election. Playing intra-day counter trend rallys is one thing, fighting the trend is another…
Any thoughts on what would be a trigger to cover shorts?
Here we go: game time.
who said anything about fighting a trend? I’ve been riding this trend to victory. You analysis is a joke — the trend is down? Even ray charles could see that on his graph.
My Dad died about twenty years ago and he hated Arbys.
This is not good, they are going to push this down big tomorrow morning.
Dylan is ripping right now, I have to give him kudos
Don’t forget to short GGP … Reggie thinks they’re a zero .. the dude does his homework, unlike Cramer
What Dylan doesn’t seem to understand, the iBankers were tricking the low paying hacks at the credit agencies to give them high ratings.
Also, Dylan is not underscoring the simple fact that the economy has deteriorated materially, over the last 6 months.
Ruh roh, Cubs losing his bullishness… there’s your cover sign.
(heh.)
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goddamnit it never fails. glad I bout more sds at 1188 adn closed my eyes when it hit 1193
someone is fucking with my coal. Don’t fuck with my coal, I’m warning you!
SPG is doomed too, at under 4% yield.
Recockulous.
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Danny, thanks for the take on my analysis. Coming from the guy screaming out support lines in the sand during a panic, I’ll take it as a compliment. I was only trying to point out that new lows have been blown through for almost a year now. I don’t know you or your skill level. I wasn’t trying to be a dick only trying to add some perspective.
Trader – Your dad was missing something special. Arby’s rocks.
DYLAN! Finally, CNBC is entertaining and right? Maybe they read this thread
Bulls are getting their shit pushed in .
That AU CONTRAIR fucker is getting their shit pushed in.
BIG MIKE is getting his shit pushed in .
DUCATI is getting his shit pushed in .
Now you know what it feels like to be locked up in the penitentiary bitches !
Stock – Fuck you. Fuck your fat mother.
Fuck your comments re TC dad.
I hope you get struck by an airplane, after you get herpes.
I agree re: Arbys. I like the Horsey sauce and put it on my potato cakes while washing it down with a Mocha shake.
it goes better on ribeyes
looking around at volumes on some of the names I trade.
its stunning.
Way to hang tough with the Skiffles, Jake.
Danny, you are very angry. it’s not healthy. I feel for you. Does this stem from your inability to properly read or time markets? Or the fact that your mother didn’t love you and your dad used you as a cum sponge? You should consider doing something else. Maybe become a janitor.
Damn Danny- calm down. He didn’t say anything worthy of that response. Grow up.
Dylan can be a major league dick when he wants to be.
Did Cramer really just recommend GS and MS September calls? Reckless is one thing, options that expire the day after tomorrow is another. What an assbag.
One thing that could make stocks fly would be to bring back the uptick rule, so dont count that out.
Nothing wrong with being a janitor. A janitor probably has more ethics than your average Manhattan LEH broker.
CNBC = GE = Council on Foreign Relations = Jesuits = Rome
The black pope rules the white pope.
Welcome the North American Union soon.
Say your goodbye’s to the USD and welcome the Amero.
Am I still a conspiracy theorist?, you coincidence theorists.
Long and strong gold and guns.
Put money on a pre market FED announcement or some shit to push this market up tomorrow. Maybe they’ll make shorting illegal and order all short positions to be covered by end of trading day. Or they’ll confiscate all your cash if you don’t use it to buy stocks tomorrow. I can smell it.
Trader – The only issue w/that argument is the brokers don’t have any ethics. They may in fact have negative ethics.
just saw a bloomburg chart — MS cds 900 bps spread!
Oh my goodness.
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*berg
CAP, I bet you’re right, it’s like an everyday thing now.
This short selling stuff is really related to the gunslinging hedge funds which run wild on Wall Street. Reminds me of the bucket shops in the ’20s. A good flush of the hedge funds is required. Of course it won’t do much for the home prices in Greenwich, Ct.
Anyone remember when AIG paid a shit load of money to have their name on the jersey of ENGLISH soccer giants Manchester United a few years ago?
Next move will be to brand all shorts “enemies of the state” to be rounded up and sent to Abu Ghraib.
Stock – I made shit ass load of money this month. Almost comical. WTF are you talking about?
TC says his dad is deceased, you say he shoulda had an Arby’s sandwich — maybe I missed the context but that didn’t seem appropriate.
Finally, you say my support lines are retarded, but it was an observation I made in the comments. 1165 was a support level the last few days. Maybe check my blog for what I think. I’ve been right the whole way.
Sorry I wished herpes on you, but I don’t see where I screamed, or what your antagonizing comments were regarding.
wow. I thought today was done then I booked a quick 1100 in a late day SDS trade. Spring break.
but I left 200 open, so technically a partial.
The Feds will make them wear orange jumpsuits with $$$ signs pasted on them like the Riddler has ??? on his outfit.
Okay fuckers, I just sold (right before the close) all my ultra-short positions, and bought 4,000 UYG.
Dicata … I almost ALWAYS win!
Dudes – check out my robes!
YEEEEEEEEEHAAAAAAAAAAAWWWWWWWWW!!!!
Jesus must have been short the market.
Am I still a conspiracy theorist?, you coincidence theorists.
No, no… you’re not a conspiracy theorist anymore.
You’re “full blown crackers” now.
The medicine…. TAKE the medicine!
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Go into the light.
Donny-
I bought UYG at $16.30 near the close. I am either going to be a genius or one dumb SOB. Don’t answer that, Fly. I already know what you are going to say…
I did keep the LM short on though
JakeGint still an ad hominem guy I see – the lowest form.
Get your head out of your ass and shoot me a line when you are buying a caramel machiato with Ameros.
My QID and DXO plays are doing very well. Loking for DXO to $17 – 18 and QID $58. Note: paulson is a scumbag.