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Joined Nov 10, 2007
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Gold up $40+ after hours. DGP ftw!
_________
Holy shit, did anybody catch FXP ovah heah today?
GULP
Bot 1k DGPthis a.m.. Waiting, ya know, for another shoe to drop. Dumb ass.
Those fuckers in Asia sure know how to crash shit.
Couldn’t ask for a better bunch to share a crash with!
Fly are you still around 30% invested?
The Art Cashin Plunge? I’d like him to plunge down the fucking stairs.
Anton,
I saw your post earlier about your mom. My dad died when I was a kid and my mom went through the same shit. If it wasn’t for the real estate my dad had acquired I think her ditzy broker would have broken us.
A wealthy widow came into the office today and it was the same story. First thing her “financial planner” did was stick 70% of her money in an annuity and the other 30% got tied up in commercial REITs.
What a way to fuck somebody and get some kickbacks! I am trying to unscrew this lady’s accounts before it is too late.
How’d you like your bullshit 4 year (2003-2007) bear market rally? For my next trick, I will now eat your children and grandchildren.
I like how the NIKKEI was around 17,000 within a year ago and now the fucker is lower than the DOW. Asia knows whats up.
So now I hear people screaming about the short sales ban being lifted as the cause of today’s selloff. Idiots. No shorts, and we still dropped 15%, and now all of a sudden the shorts are killing us? It’s this kind of idiotic moronic market manipulation that is destabilizing the markets to this point. Fools.
nikkei don’t lose that number…
Shorts get banned again tomorrow?
I think its distasteful for the WSJ to be advertising Cartier and Baume Mercier watches, Brioni suits, DeBeers diamonds, Tiffany bracelets, Armani shoes , when we are going through this shit. I mean I would venture a guess that not a single Cartier watch has sold today the world over. Seriously who is going to be buying this high prices shit with the debanking everyone has been receiving. And the truth is we are in this mess due to stupid people buying the aforementioned shit. I mean its only the middle class who need to impress people with Cartier watches or Tiffany bracelets. Truly wealthy people don’t care for this shit.
Shoot, my plasma is acting up. I need to scoot over to Best Buy and buy a few more.
While I am at it, I will pick up a few coach bags for the wife and a nice Rolex for myself.
Good times.
Champagne anyone?
Make mine Andre.
The truth is out there, can you handle it?
http://video.google.com/videoplay?docid=1070329053600562261
http://www.youtube.com/watch?v=mkv4chj47XY
Asia is getting killed as expected.
One bright spot for me is that I have a large business invoice to payable in Korean won. I am making a very good return by paying that invoice late.
So, what’s the post crash rebound list? QLD? Others?
Nikkei – back to back 10% losses .. I thought they got deballed last night … what did they lose tonight?
Niburu ain’t coming back .. its been pushed off course.
Jeff, this must be you posting this nonsensical conspiracy nonsense.
Look, I love this shit but its fantasy.
Post rebound crash list:
QLD
DGP
guns
butter
beans
rice
palladium
Nikkei wasn’t down much last night only a 100 points or so. The night before was the 900 point drop.
BOOMER – UYG is a 50-100% gainer from the lows when we get there. Toss in some UYM and DIG for fun.
Post-crash (as in tomorrow lunchtime), I am buying up every oil stock I can get my poor hands on. XOM, COP, and a little ATPG for spec. Also holding, and will buy more NCC. I figure, if the whole market goes busto, we are all fucked – even Fly’s 7 figure bank account is worth nothing, as the dollar evaporates.
Toss in some RSX for fun. Its the margin calls that are killing that market. All those Russkie billionaires getting their clock cleaned.
Tomorrow around noon I will clean out my bullshit 7 figure account and head to Vegas to blow it on hookers, coke and baccarat. If the USD is going to zero and the world is ending I might as well live it up for the last time.
http://tinyurl.com/5y4twu
Here’s all of the Proshares Ultra Long ETFs
Ozark,
The market’s not making it easy on widows or those who would help them, but I hope you can. I don’t even have the potential for pleasure in punching mom’s broker’s face in. She’s like this 5 foot tall lady.
But maybe her boss…
True story. We bought a plasma (really an LCD) TV from Best Buy about 4 years ago (when they were expensive). Because of the cost at that time we bought a 4 year service agreement. The plan was up last Friday and the TV went out last Weds. Best Buy is coming out tomorrow with a new panel for the TV.
Got lucky.
General Motors’ market cap plunges to 1929 level
http://www.finfacts.ie/irishfinancenews/article_1014946.shtml
Cap:
You’re still short?
Milo Minderbinder has replaced deadeye DICK Chaney so no worries guys we all have shares.
Milo Minderbinder as a write in Candidate
Milo is the mess officer at the U.S. Army Air Corps base and he becomes obsessed with expanding mess operations and trading goods for the profits of the syndicate (in which he and everyone else “has a share”). Milo is a satire of the modern businessman, and beyond that is the living representation of capitalism, as he has no allegiance to any country, person or principle unless it pays him.
Milo, unlike most characters in Catch-22, who are only the subject of one chapter, is the subject of three chapters (“Milo the Mayor,” “Milo,” and “Milo the Militant”). He is one of the main characters in the novel. His most interesting attributes are his complete but unknowing immorality, and his circular logicality in running his Syndicate.
Milo’s enterprise becomes known as “M & M Enterprises”, with the two M’s standing for his initials and the “&” added to dispel any idea that the enterprise is a one-man operation. Milo travels across the world, especially around the Mediterranean, trying to buy and sell goods at a profit, primarily through black market channels. Everyone in the squadron has a “share”, a fact which Milo uses to defend his actions, stating that what is good for the company is good for all. For example, he secretly replaces the CO2 cartridges in the emergency life vests with certificates for shares in M & M, on the assumption that the future person who may need that vest will be instantly compensated for its absence.
Milo even begins contracting missions for the Germans, fighting on both sides in the battle at Orvieto, and bombing the squadron at Pianosa. At one point Milo orders his fleet of aircraft to attack the American base where he lives, killing many American officers and enlisted men. He finally gets court-martialed for treason. However, as M&M Enterprises proves to be incredibly profitable, he hires an expensive lawyer who is able to convince the court that it was capitalism which made America great, and absolve Milo only by disclosing the enormous profit he made by dealing with the Germans. Ironically, his company’s phrase, “What’s good for M&M enterprises is good for the country” mirrors a phrase Mussolini often used; “What’s good for Fiat is good for Italy”, or the similar “What’s good for General Motors is good for America”. There are some historical parallels to Milo Minderbinder, most notably Ford Motors, which like Milo avoided getting its factories blown up by exploiting business connections.
Milo’s business is incredibly profitable, with the single exception of his decision to buy an entire year’s crop of Egyptian cotton, which he cannot afterward unload and tries to dispose of by coating it with chocolate and serving it in the mess hall. Later Yossarian gives Milo the idea of selling the cotton to the government, since “the business of government is ‘business’.”
Milo is a friend of the novel’s protagonist, Yossarian, tending to trust him more than he trusts anyone else. After learning that Yossarian can have all the dried fruit he wants, which he gives to friends in the squadron, Milo decides that he can be trusted because “anyone who would not steal from the country he loved would not steal from anyone.” However he continually ignores Yossarian’s pleas for help because of his preoccupation with running M & M Enterprises. He ultimately betrays Yossarian by striking a deal with Colonel Cathcart: Yossarian’s squadron must fly additional missions, and Milo gets the credit. When Nately’s Whore’s Kid Sister, a young girl for whom Yossarian comes to care deeply, goes missing, Milo agrees to help him find her, but abandons the attempt in order to smuggle illegal tobacco.