This man is a fucking deal maker. Not only does he get to retain his Ag Edwards brokerage arm and Evergreen, he gets $2.1 billion in Citi stock to boot. Wow!
Pay no attention to Friday’s closing market cap of 21 billion. Bob “fucking” Steele is a patriot and a scholar, via slothing around his office and “power brokering” this merger of titans.
For his work at Wachovia Corporation [[WB]] , I am sure he will be graciously compensated to the tune of $150 million.
Why not?
Bob “fucking Steele, baby.
It’s a bank robbery, mind you. Since when does the FDIC actually make money on seizures? Does anyone else find that odd?
Hell, why should I complain? The United Steaks of America is all about creating tightly knitted clubs with secret handshakes. Bob Steele, mind you, does not know the secret handshake. I am sure he tries, whenever he bumps into the CEO’s from GS, MS, BAC or C at the urinal. But, word on the street, he always fucks it up.
People tend to laugh and spit on Bob Steele. I understand he shops at K-Mart for his Christmas trees and The Gap for puffy winter jackets.
What a jackass.
In other news, a colleague of mine thinks the market will close higher today. After all, hell, European markets are down nearly 4.5%. We are American. We do shit ass backwards.
The question I have for you is: why not?
Finally, I am so happy to see commodity stocks eating old fashioned fertilizer, despite being long some. Truly, I would cut off one pinky finger to see Potash Corp./Saskatchewan (USA) [[POT]] file for bankruptcy. I remember the good old days (3 months ago) when I was short POT in size, hoping for death to befall all of their upper management. Good times. Boat drinks.
You can’t win them all.
I always say: “if you can’t win them all, win at least one you stupid fucker.”
UPDATE: Anyone want to bet on whether State Street Corporation [[STT]] or [[FED]] will get an FDIC seizure notice by Friday?
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My bet is on FED getting the seizure notice. No way STT will fail. EVER. Period.
VSE up 31% I’m winning one!
STT fail? NEVER
Just say it over again and again, it sounds more real.
Hey, WB was AAA rated.
I’m also hoping that Morgan Stanley (the newly minted bank) and our French Fucker friends (here after known as “Freedom Fuckers”) at AXA will take the plongir grosse into la toilette.
I am short FED to zero, via egregious and almost forgotten puts.
_______
Fly:
That was a really incoherently gay rant about Steele. Who gives a fuck about the bitch. he’s gone like any other failed CEO.
State street fail no friggen way… Really?
Breaking news from Costanza World:
DSL (remember them? They live while WB dies! For now, at least)… up over 10%!!
__
Give the man a break. He needs the $$ for his fancy suits and grease on his hair.
Fly,
Are you a hedge fund manager or just managing your own money?
WARNING
you will be sued for using my picture without permission.
FUCKER
I’d like to know how its possible that banks can go down without evil shorts pressuring them to zero ?
Cox for asshat of the month.
How are all those calls working out for you this morning, Mr. Fly?
Asswipe
Juice
I know you’re kidding about that, but these fuckers haven’t realized how it is what they did with shorting.
Now bad news comes out and there isn’t a buyer around so it goes down harder and quicker. Previously there would buying cushion. No forget it.
Long QLD 52.50 for a trade
I hope we get a big capitulation day this week.
Shake and bake baby.
GOOG trading under 400… and C at 21. Who would have thought it?
Luckily for me, I NEVER trade options. Therefore no calls.
I will grant you assholes free reign today, in order to rub in my multiple losses.
However, NEVER FORGET how Godly my Citi call was.
On my tombstone, it will read:
“Here Lies Legendary Internet Blogger, who Nailed Citi Trade and did other stuff too.”
MASH:
I manage money for the Government of Romania aka GoatHouse Capital.
Fly, even though you don’t trade options, thanks to you I banked coin on C calls on Friday and today. I’m much obliged, never would have bought them if I didn’t read your blog.
Add a little vodka to your Monster soda and throw something at Bob Pisani on the TV, it will make you feel better.
FHN next to go.
“Here Lies Legendary Internet Blogger, who Nailed Citi Trade and did other stuff too….”
***********
…”before being hit by an asteroid the size of Central Park.”
___
GOOG trading under 400… and C at 21. Who would have thought it?
Citi is now one of the 5 teachers pets. JP GS, MS, C, Bofa. Those are the teachers pets and you can buy till the cows come home because they aren’t going broke.
Boca
make your own decisions as you’ll end up going broke. And for gods sake don’t listen to jake.
Fly just tells people what he buys/sells, he doesn’t expect you fuckers to die for him. try and be more creative yourself, pal.
Hey Fly You buying more ROM here?
mr. fly…
im deeply grateful to you.
being a newbie, you are the only one able to explain whats going on and what will happen.
after such a financial kick in the balls i have recieved lately..its always good to read your aproach.
im a fan!!
Boss! Boss! Boss!
Check out HDB!
Finally, Boss!
________
It still amazes me how Master Fly saw all of this coming and knew exactly how to play it. However, the market tricked and fucked him out his own ideas.
Just Incredible how the market can do that.
Okay, Beaver is over. I see I didn’t miss anything.
j
Please unleash a post in the PG…you seem like you have something to offer..if for nothing else you didn’t let Jake knock you out in the 1st round.
J… once again.
1. I’m a woman, pal.
2. Jake is my friend. I get a bit tired of your constant raggin on him, if you don’t like his choices or his politics, we get the point already, so think of the rest of us that are here to discuss stocks.
3. I’m long GLD and SLV it’s my hedge. I don’t care what you think about gold.
4. I make my own decisions, nver fear. Somewhere in a previous thread about ten days ago I posted that I was capitulating and putting most of my effort and dollars into my business, I’m trading with the remainder, which isn’t much dollarwise, and it’s merely a hedge against my business (doing good) and real estate (dead in the water right now). I’m here to learn how to trade better by communicating with other traders, and I have been learning, hence to remark to Fly, so please just leave me alone.
http://www.youtube.com/watch?v=Tlt4CJhbxwI
Days like today I like cranking up Crystal Method and trip on streaming quotes.
j
When things “didn’t work out” for you at BS and you returned to Australia to breed sheep, did you feel tricked when you got there and discovered your level of involvement in the process would be less than you had hoped?
RF is dead man walking.
However, the market tricked and fucked him out his own ideas.
I have an old “country” friend from one of those little towns outside Franklin, Virginia that (now Senator) Jim Webb talks about in his very interesting book “Born Fighting: How the Scots-Irish Shaped America.”
He is a cantankerous fuck and likely old before his time. Conservative as all get out, he’s been in cash for something like five years now.
Anyway, the reason I bring him up is that he brought with him– out of that little country town outside Franklin, Virginia– one of the best neologisms I’ve ever heard and one I use quite a bit these days… namely:
“Trick-fucked.”
If I had to describe mother market and her inhabitants in one locution… that would be it.
______
I love Crystal Method.
Boca,
well said, although Jake can handle that little pimple.
Boomer,
how far away are you from celina?
j
Thanks, again, for your unintentionally hilarious critiques of the US, Americans and the American companies that rejected you.
A question regarding your own home: How can a country founded as the cesspool into which Europe flushed its genetic toilet now adhere to an immigration policy that sends its navy out to push away drowning boat people, yet welcome back a retard like you?
Rhetorical question.
Thanks, again, for leaving our country.
Roll it Up! Crystal Method.
http://www.youtube.com/watch?v=lcmdjwlGsZw&feature=related
BK, the oldest bank in America, founded by Alexander Hamilton, is in a hole with its brother STT and the market is kicking dirt on them.
The other “processing bank”, NTRS, is still above ground. Prolly a good short.
Oh wait. That shorting shit is against the law. Never mind.
If Europe is any indication we’ll be down 500 + on the Dow today. There is no buying out there and funds are still liquidating. This is no time for bottom picking.
I found a clip of JakeGint runny away from the government.
http://www.youtube.com/watch?v=PSYxT9GM0fQ
Thanks Boca and Chivas, my Florida friends (nice to see those fookin’ Mainers get a blow for once, no?), but I want to apologize to everyone for getting to involved with the Great Barrier Reefer, in the first place.
My bad.
(Besides, Anton is here, and I think I just saw the ref declare a TKO.)
____
cigur:
things worked out for me fine.
Boca:
1. I’m a woman, pal.
Ummm so ah is that supposed to impress me.
2. Jake is my friend. I get a bit tired of your constant raggin on him, if you don’t like his choices or his politics, we get the point already, so think of the rest of us that are here to discuss stocks.
So what if he’s your friend. And Actually i like his politics. What the fuck do you take me for, a fucking Dem. That’s offensive, boca.
3. I’m long GLD and SLV it’s my hedge. I don’t care what you think about gold.
I never directed the comment to you.
Well Fly hasn’t got time to teach you. But I can. What you you like to know? Fly has made me his publicist.
Exactly Jake haha.
I have nothing more to say to you j, so here’s the second request, please leave me alone. Carry on.
Anton Shut up with the offensive comments.
I was born here, you idiot so that gives me a right to live here.
As for the boat people, well doofus we don’t have 11 million illegals running around do we?
Ask Jake what he thinks of illegals.
And finally no, i wasn’t never fired anywhere I worked, you doofus.
Cubs, I like it.
Especially the “omniscience” thing.
__
http://www.youtube.com/watch?v=XreAnHG8xu4
The Fly comes into view around :28…
Chivas – I’d never heard of it until you mentioned the town. I live nowhere near Celina. R U visiting?
Is this a stock board or MySpace?? Quit bitching like you’re in junior high. We’re in a monumental period of time and you’re all talking tough to each other on the internet.
All agree to meet up sometime and punch each other in the face and have a beer. Otherwise shut up and talk stocks.
is the vix high enough yet?
j
Obviously, things “have worked out” for you, as you whine against your betters.
You obviously have quite a bit of “time on your hands” now between firings, so good luck picking up that extra shift at the Outback Steakhouse.
recusancy, It’s pretty simple. Buy stocks for the long run.
Boomer,
i own some land there. just checked it. it’s around 90 miles ne of nashville, close to the kentucky border. on dale hollow lake. just bought the land.
Anton:
I have actually made money trading every single year since I left uni, which was 25 years ago.
Look you idiot, stop trying to channel me. You know nothing about me and never will, doodlechops.
now more importantly why would you take the name of a serial killer, even if it was a movie. That’s pretty sick shit, doodlechops.
FED will be taken over before the first week in October. Does it mean anything when the Feds are in there?
Agree with recusancy.
No one can figure out if this vote is a buy or sell in my office. Anyone have any clear feeling?
-DT
Aus-hole. Go back to telling it to your bartender. No one cares.
The first thing that cunt says when they put a camera on her yesterday was this crisis is a result of failed Bush policies. I hate Bush, but I felt like throwing a hot pizza in her fucking face for playing politics in a time of crisis.
I’m glad to know Bush is to blame for housing bubbles in almost every Anglo country in the world and the subsequent bank failures in the U.K., Iceland, Australia, Japan, Russia, Belgium, and Holland.
Politicians suck.
DS
The market thinks the deal gets done.
I actually think the market is worried that it is too small to work. Asia sold off right off the bat today. The real problem is the cost of money as no one is lending to each other. That’s the really worrying bit.
ANTON, SERIAL KILLER CIGUR
Aus-hole. Go back to telling it to your bartender. No one cares.
Well you do obviously As you’re continually commenting about me.
For once I actually agree with that asshat Dennis Kneale. Just give all of the damn money to paulson in one shot and pray he gets things working again. As the deal stands now it is not aggressive enough.
Hmmm what was Fly’s response to me on Friday? Smoke a totem pole? looks like thats what Bob Steele told WB shareholders today….
What deal? It’s against our ideology to intervene. Hoover had it right.
Forget them j. Just keep sucking me down.
House Republicans (Sic)
You must’ve been schooled in an NEA-approved public education facility.
Hoover was all about gummint intervention in the markets.
Study up, there will be a test.
_
# CAP Says:
Stick a fork in WB. They have no chance. They are beyond saving. By far the worst quality of loans are held by WB. No Bank comes close to WB in the shitty quality of assets held. Those Pay Option ARMs are exploding suitcase nukes sending a mushroom cloud over WB.
September 26th, 2008 at 3:49 pm
Not to tout my horn but above was a comment I made on Friday. To bad I covered my WB shorts the thursday before last at around $9. It sucks being right but not capitalizing on it.
Want to blow off a little steam?
This is pretty damn fascinating.
___
Jake
Stop wearing that silly disguise. The mustache is upsidedown, you ninny.
anyways I have decided to be nice to you. I’ve only been messing about. No more mr. bad guy from me.
You know it’s an interesting day when we get a 100 point pop in the Dow and it gets lost in the noise…
BTW this is with out a doubt the best place to learn from other traders.
chivas – it will be a great vaca location and perfect for riding out the “revolution” once it kicks in. great fishing, great hunting, plenty of meth labs, and racist neighbors.
na just kidding. you cant fish there. ha!
for real it will be a great place. I am looking south of williamson cnty (where I live) for my personal land grab.
lemme know when you are there. Hell. Jakes not too far away either. the iBC South compound? All the NE fags, while standing in soup lines served with flair by Mayor Bloomberg and Larry Kudlow will wish they had such bountiful land.
No offense Woodshedder.
Is It Time???
http://www.youtube.com/watch?v=VGlP6Vlnd9I
Shed lives in Richmond… he can escape to the mountains pretty easily too.
I was just thinking… “Chivas, buying land up by Dale Hollow Lake?….. Bunker scouting??”
_____
Jake,
lmao. nah, just a great deal, but you never know.
Boomer,
will let you know when i’m there.
elevator up… They Fly is awaiting at the top to kick it down
So what about a GE? Isnt a fifth of their fun wrapped in this mess?
E.
Boca, you make me sleepy.