Seriously, I am a bit confused by today’s tape. I never get nervous or jumpy; but I am today.
With Goldman Sachs Group, Inc. [[GS]] and Morgan Stanley [[MS]] knifing lower, what the fuck is everybody celebrating?
I even got sucked into a quick [[UYG]] trade (for a profit might I add); but this is bullshit.
I am shorting AXA (ADR) [[AXA]] and getting tortured for doing so. Idiots are buying reits, sending [[SRS]] lower. And, assholes on tv are suggesting the recent flurry in the banks is being done by “financial terrorists,” an Al Qaeda cell trying to take down the country.
Are you fucking kidding me?
They cannot be serious right?
So, it was Al Qaeda who made all those assholish loans and packaged them into cdo’s? I see.
With my money, I am as nervous as a cat on a hot tin roof. Nonetheless, I am buying [[SKF]] and [[SRS]] on this dip. And, I will continue to short those fucking French faggots (AXA) until the dollar becomes cool again.
NOTE: Apparently it’s unpatriotic to short GS. Just thought you should know that.
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Indeed…it is unpatriotic AND its financial terrorism, according to Crammer.
This Is More Than Ordinary Short-Selling
By Jim Cramer
RealMoney.com Columnist
9/18/2008 2:08 PM EDT
It almost feels like financial terrorism. It feels like we are in a moment where there are institutions that are willing the destruction of our banks, institutions that want the nation’s financial system to fail. I have no evidence of any of this, honestly, and I have canvassed enough short-sellers today to be able to say that I do not know one of them at this point who wants our financial system to be destroyed for his or her own profit.
Fuck this Fly. CASH!
Did someone say “terrorism”? Finally, something I can understand! LET’S GET ‘EM.
I hope you took some SKF profits. Not talking shit, but I really hope you did.
Fly..you seem to be stuck on some flypaper today..and its really sticky
This article by Macke is spot on
http://www.minyanville.com/articles/GS-MCO-LEH-Credit-aig-Moody/index/a/19056
This is the cause of the meltdown.
Three words:
Resolution Trust Corp.
Markets are looking for a bit of organization and less uncertainty.
Bush and McCain got together and decided to clownfuck the shorts.
So far it’s working.
Donny is right – cash is king. This is too crazy.
Donny: CASH indeed … 100% Follow the Cagin.
Thats it sound the horn! Problem solved time for new highs! And its that easy thanks to CNBC!!!!
Can someone please explain to me why these moronic funds lend their stocks to short sellers whose intention is to see the stock price fall as low as possible. This is not equivalent to shooting yourself in the foot but shooting yourself in the head. What aM I missing here because it seems like demented behaviour?
Just a few minutes ago Marketwatch reported NY reteriment Fund will stop leading shares to brokers of 19 bank stocks it holds , including GS and MS , the fund say it wants to stop the sepctulive behaivor which has hurt compaines…
I just got fucked by a fucking apple and a skiffle. Who would have thought ?
We’re de-banking the short sellers, young buck. Watch and learn.
Anonymous @3:14: Because you are holding the stocks because you think they are going to go up, and they pay you to borrow them. Don’t be an idiot.
Dow up nearly 400 points in 15 minutes because of this bullshit on cnbc, I want to throw up, or throw something.
Push the button Fly. Cash out and go get a milkshake.
“U.S. Treasury and Federal Reserve
officials are considering a “permanent” plan to address the
financial crisis”
ShortBus Says:
I just got fucked by a fucking apple and a skiffle. Who would have thought ?
That would be me.
this could be the revenge of the woodshedder. :O
I win!
We win. You short-sellers lose. Fuck off and die!
Fly-
I haven’t read this anywhere, but after Britain announced the ban on short-selling, perhaps the market is assuming the same will happen in the US?
I made big changes.
Fuck cash.
On a side note…
With Stevie Wynn owning 24,000,000 shares of WYNN Resorts he just made $312,000,000.
Good trade! 🙂
Changes?
Do you think SKF will go below 100? If not…
Sell SKF Oct 105/95 Put vertical 4.40 credit, 5.60 risk. Breakeven at 100.
That KRE etf is an animal.
Market Fool: You may be on to something. The only consistent picture the talking heads were giving to main street was that everyone was using the word “ad-hoc” to describe the Fed’s actions, and that this ad-hocness was Bad Thing about which Something Must Be Done.
Now, it *is* a bad thing in that Comrades Paulson and Bernanke have been flailing about, picking winners and losers as a function of political pull, market capitalization, and the phase of the moon, ut this is the first time I’d seen every talking head *complaining* about the arbitrariness of the actions.
Lo and behold, the very next day, Something(tm) Gets Done. $180B out the helicopter door, the Brits ban short-selling, pension funds stop lending to short-sellers, and now the RTC resurrection, everything needed to fund (and then ignite) a massive short squeeze.
The rally won’t last, and by any rights it shouldn’t last. But I’m not gonna fight this tape. Someone knows something, and it damn sure ain’t me. Markets can remain irrational longer than I can remain solvent, even when the Government *isn’t* manipulating them.
This is the mother of all short squeezes. MS moved up 100% in 2 hours
Maybe we get 2-3 day of this and it sets us up for some really nice shorts?
This squeeze is insane – I have never seen anything like this. wow.
Financial terrorism sounds a little strong, but on the other hand how many dollars are owned by regies not exactly friendly to Uncle Sam?
Beware shorting AXA – no idea if you chaps speak French or not, but it is clear from the French media that – faggots or no – AXA will not be “allowed” to fail.