Pardon the corny title; I just had to write it.
This is what it’s all about. Buying stocks when no one else wants them is the reason why we have a stock exchange. It’s real easy to give up hope and just off yourself with a fucking howitzer. However, it’s hard to man up, watch losses accelerate and buy into this holocaust of confidence.
For the most part, I did nothing today, aside from a few small The Mosaic Company [[MOS]] and National-Oilwell Varco, Inc. [[NOV]] average downs. I have lots of cash and will allocate it, during the great unwinding of 2008.
I already missed the short trade, erroneously failing to buy [[FXP]] , [[SKF]] and [[SRS]] when it made sense. I’m of the belief that central banks will force LIBOR rates lower. After all, it’s their fucking money.
I feel like I’m hallucinating watching this fucking market melt away like an ice pop in Brazil. Someone needs to step up to instill confidence in these markets.
We need fucking Santa Claus to step up now and get long some banks, else we’re all doomed.
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Holy Fuck … that’s gotta hurt, and will almost certainly leave a mark!
I sold all my positions just before the close, for a disgusting 24% gain … not bad for a days work.
YTD is even more egregious, fucking perverted 91%. 8)
Nice work Donny, I made around 10%
That didn’t take long.
Umm, Fly, the banks are getting coal this year, remember? They’ve been especially naughty.
Cooper just put up a chart of LVS.
Apparently, Las Vegas is now a ghost town.
http://img368.imageshack.us/img368/6420/tradeinhellqk9.jpg
Remember when 700-point drops in the Dow were only large on an absolute point basis instead of on a percentage basis? (In the smoky pits of Gehenna, we call that “last month”…)
What a fucking trainwreck of a day. Only S&P support I see is last Friday’s low of 840.
Bought some QLD, DD, ACI and GTLS at the close. However, I just might be crazy.
Paradigm Shift;
This is Las Vegas. Make a bet and get lucky.
If this 750 down day happened in the 90’s, when we were at 9000 on the DOW, it would have been a “Crash”. But now it’s just another Wednesday in books.
Craziness.
Just don’t be caught leaning too long if & when they close the markets
a couple more days like today & I wouldn’t doubt it
Rothschilds are selling – that’s all that matters
If the banks are getting coal then WLT should be a screaming buy right? I mean, they should be getting piles of that dirty shit in the ratty stockings.
Bought Rig Mos and Auy today and added more Nov.
Everybody is expecting a retest of the low so I wouldn’t be surprised if we plummet right through it. Their will be massive carnage along the way.
There [sic]
AUY’s broken. SWC is the way to go in minerals.
We need fucking Santa Claus to step up now and get long some banks, else we’re all doomed.
We don’t need Santa Claus. We need the Grim Reaper and a Medieval wooden cart to haul away the corpses of the dead banks.
http://www.youtube.com/watch?v=grbSQ6O6kbs
Haul away the dead bodies, so those remaining feel like survivors instead of feeling like they are waiting for the plague to reach their village.
Here ya go Jeff
http://www.fourwinds10.com/siterun_data/government/new_world_order/news.php?q=1224096907
right off a site that makes yours look like conspiracy alley 101
its almost as if the PPT plans this shit out.
“ok guys, well let everybody get short and retest the lows on Thursday, then, we will come out with some anti-shorting initiative Friday morning of op-expiration to screw the shorts and viola! a successful restest.”
Bought EWZ 35.25
Sold all SDS 15:59
Hope and traders return tomorrow post ‘debate’.
LVS MGM WYNN BYD IGT
Apparently Gambling is going out of buisiness
Riddle me this:
When do ‘proper valuations’ become relative…?
We need fucking Santa Claus to step up now and get long some banks, else we’re all doomed.
The big bald Santa speaks tonight.
Working Man,
When Mark Haines isn’t pulling double shifts?
@Working Man
Every morning Mon-Fri starting at 9:30am ET
The casinos should start accepting stock certs as legal tender. They’d be back in business in no time.
Mark Haines will eat Erin Burnett tonight.
Juice:
That article is okay until the 2nd and 3rd to last paragraphs. I like what he says about the pyramid scheme but his solutions are downright retarded. Who would submit to such an idea. Anyway, thanks for sharing (even though it wasn’t for me)…
IMHO, Benjamin Fulford is mostly a moose knuckle, mostly.
Juice:
quote from that site:
“The situation is so dire that 90% of the world’s savings are going to feed a hungry Anglo-American Israeli military machine that is being used to suppress the people of the planet.”
Get back to the days of Panda picks and “Fuck You, You’re Dead” headlines so we can all bank some fucking coin and piss in Santa’s beer for Christmas.
Give Donny a tab. Let’s see if he has a time machine too.
Everything to this point has been the Govt.’s way of telling you to get your steel cup on.
One sign of a possible bottom…the morning DJ on the ghey rock station was explaining Dylan Rattigan style how “Alot Bankies were lending a lot of monies to a lot of peoples who lied about their incomes……………”
Who needs to go to Vegas to gamble when you have the fuckin stock market. Use double long or inverse ETFs and its 20% up or down each day. Hence the depressed stock prices of WYNN LVS MGM BYD.
Anyone notice Maria Bartiromo’s lips arent swollen as of late. Hubby must be working late.
LVS is trading at BK levels. Think I’ll go long some in the AM. Its worth a shot. $10.94 from a high of $148.76. I remember buying this in the $70s and rising it to $120 or so before selling. Good thing I sold .
Energy got skull fucked again.
Apparently, energy and commercial RE is no longer needed by society.
Apparently, eBay sellers are DONE paying fees when 99% of their crap goes unsold.
F or CROX – who files CH.11 first?
They should rename the New York Stock Exchange to “The Skull Fuck Exchange.”
Needle the Bug
That video is way funny!
HPQ pigman w/ sweaty upper lip is lying about something…just a hunch.
Meg Whitman for Treasury.
McCain is so done.
Hey, look on the bight side, it’s going to be so cool watching the over leveraged idiots scurry about when the market dives to 4,700, as Cramer so ineloquently said.
Mother Market needs to get herself a lithium prescription.
-cdi
Lithium is no longer prescribed. You must be old, 50 or older.
As you know, if you are over the age of 47.5, you are not welcome on this site.
So Sorry.
OK. Here is a bullish argument. The way the markets are across the world, if things continue in this downward spiral, governments across the world are going to be overthrown and the rich elite are going to be murdered. So the government along with the elite are going to do whatever is necessary to stabilize the markets.
What are your guy’s thoughts on Potash?
as a meal or a good tongue lashing.
Obama to answer only ‘yes’, ‘no’ and ‘maybe’ tonight…then get a big lift him up off the ground hug from Michelle. Should get a 2 pt. poll bump after….
The first fucker to get a bullet in his skull is Howard FUcking Schultz. If it were’nt for fucking Starbucks, Americans would have billions of dollars in their bank accounts. Starbucks has siphoned 10 trillion dollars for the accounts of people across the globe the last 20 years. All with that stupid liquid shit in a paper cup.
i wish somebody would take bartiromo’s blackberry and jam it through one of her eye sockets.
Agreed.
I’m off my bipolar meds.
bad santa ain’t gonna save this market. if they were going for max op-ex pain they would have started the rally today. it is going to be one long dark cold winter and bad santa won’t even bring coal this year. so solly.
The rich are all in treasuries.
Juice wouldn’t we gap down BIG too when it reopened?
Fly, you made me jealous of Mark Haines, old guys gotta eat too.
And after I eat me some Erin, going to have me some Becky. Tomorrow, I eat the market. The whole market. Everything goes to zero. I eat it.
I’ve been saying for a while now that Ebay is in the crapper.
I can tell you now, projecting from our sales over all sites, most people aren’t getting presents this year which means Ebay will probably have a bad holiday season (which is when we usually get the majority of our sales). The only things we’re selling anywhere are medical equipment and textbooks, i.e. essentials.
My only hope for a good finish to the year is if people panic about buying inexpensive Christmas presents and descend en masse on ebay to buy cheap junque and collectible crap by the cartload for presents. We’ll see.
eBay should IMMEDIATELY shut down their gay website, fire everybody except the second asst controller, take their debt free $4 billion in cash and plow it into in perpetual preferred Goldman shares @ 10%…fuck the warrants if above 100.
Lehman CDS settlement payments on Tuesday, Oct 21st. Can not buy the market ahead of this settlement. Sure, it nets to only $6 B, but $400 Billion to change hands. Who are the weak links in the chain that declare BK ahead of the settlement? No one knows. No one. Not even Ben and Hank. They are waiting by their phones. More BKs, more CDS settlements in the future, more BKs, more CDS settlements … domino. $54 Trillion call on debt insurance. Whole fricken world economy crashes. Liquidation happening now is to position ahead of Lehman settlement on Tuesday. Everyone holding their breath for Tuesday and praying.
Can not buy ahead of Tuesday. EYE NO.
LODM: Credit Crisis May Not Be Over
Last night around 6 p.m. Pacific time, the S&P futures dropped 1% on no news that I could see. That, in the wake of Intel winning at the game of beat the number. During the middle of the night, the futures managed to regain positive territory. But about an hour before the open, they were sinking to the tune of 2%. Again, the important point is: This was occurring on no news. Yes, retail sales were worse than expected, and that helped push the futures lower, but the Spoos were weak as kittens before that data was released.
In addition, most of last night’s/this morning’s earnings were deemed to be okay. Intel (as noted) and Coca-Cola won at beat-the-number, with JP Morgan and Wells Fargo labeled “in line.” Of course, the problems for corporate earnings will surface in future quarters, not this quarter — although Linear Tech (which is far less visible thboxscorean the aforementioned names) fessed up today to a 15-20% sequential falloff in its business, causing its stock price to be clubbed to the tune of 20% in the early going.
I bring all of that up as a preface to say that it was surprising to see the tape so weak in the absence of any real proximate cause, which is a break from the last few years (at least). Of course, what could be happening is that the market has begun to discount the upcoming recession/depression. In addition, the fact that interest rates continue to rise as the Treasury market backs up (and as banks themselves shrink their balance sheets) may finally be weighing on the stock market.
Street Scene in a Depression: Selling Apples, Not Buying Macs
Having said all that, with the major indices lower by about 3% an hour into the day, speculative darlings AAPL and RIMM were higher. Ditto certain financials, even as other financials were being pummeled. All in all, it was a helter-skelter morning.
After the early slide, the market weakened again. It tried to stabilize about midday, but when that didn’t stick, we saw another slide. With about two hours to go, the indices were down about 6%, with the Dow doing a tad better.
About that time, the Lord of the Dark Matter (LODM) checked in with me. While I haven’t spoken to him lately, we had been communicating by email. I thought we were pretty much on the same page regarding the credit crisis, but it turns out that I was wrong. He informed me that in his opinion, there is not enough high-quality collateral around in the system to do the securitized lending that’s part of the bailout facilities we’ve seen so far. He believes that the credit crisis is not even close to being solved, as I suggested yesterday. That’s because the deleveraging under way is about to accelerate.
What would be needed, he said, is something on the order of an epic Treasury issuance, say $1 trillion, which would be monetized by the Fed, thereby allowing it to flood the system with collateral. Said differently, rather than buying decent collateral, he feels that to solve this, the Fed will have to supply cash for unsecured “trash,” or high-quality liquid assets such as buildings.
A No-Can-Do Rescue?
This is a pretty radical thought that he shared with me — which, if true, means that the credit crisis still has fairly far to go. Of course, that would compound the economic crisis which is still in front of us. (However, his explanation may account for why the market continues to trade as poorly as it does.) It must be kept in mind that there are no guarantees he is right, even though he has been exactly right so far, every step of the way. (In the scenario that he describes, I can only imagine where the gold price might trade, but it could easily be multiples of the current price.)
In any case, as we headed into the last couple hours, a rally was attempted. It completely fell apart, and we plunged to new lows, down about 9%, which was where we closed (on the low tick).
Away from stocks, the truly big news was that Treasurys were sinking yet again. The problem Treasurys face is that there’s no reason to own them and get a lower yield than what’s offered by a government guarantee in another venue, i.e., various flavors of commercial paper, Fannie/Freddie paper, money market funds and bank deposits flavors. That, coupled with massive supply, is why I feel that Treasury yields have no place to go but up.
Meanwhile, the cumulative effect of the drop in Treasurys has been to push mortgage rates higher by about 50-60 basis points recently, such that “conforming” mortgages are now around 7.5% (not that many people will be able to qualify in this environment anyway). Today, to see the continued weakness in Treasurys (though they did firm up a bit once the Dow’s losses surpassed 500 points) — even as equities were hit, oil was lower, and the dollar was stronger — only bolsters my argument that interest rates have no place to go but up.
Turning to the dollar: Amid all the turmoil, it again managed to levitate as paper currencies continue to be a battle of wits amongst unarmed opponents. As for the world’s oldest currency, gold was higher overnight once again, then immediately sold in New York. Early in the session, gold saw a 2% spike in no time, before settling in, up about 1% on the day, even as silver was 5% lower (which is about where they closed). Lastly, oil was down 7%.
Everythings fine Fly…I’m on the mutha fucker…Feel better now?
Eye: So you’re saying buy right here, right now, right?
easy now Scully, selling junque on Ebay has a better profit margin as an asset class (for a seller not the venue) than equities. What they need is to roll back some of their fees and clean up their very cluttered website.
Ebay is learning a simple but very expensive lesson, never piss off the people who pay your fees, because they leave and go do something else.
Pick a currency any currency to survive the $.02/$1.00 exchange coming
http://shatteringdenial.com/amero.html
boca
POed power-sellers went to craigslist and amazon 2Qs ago…BEFORE consumer was totally in the clusterfuck to the poorhouse.
ebay should shut it and buy GS perpetually preffereds w/ the 4Bil
fleck
pls tell dylan ratigan that he has personalitous horses-asses.
Jeffbot —
Familiarize yourself with this site. Spend some time here.
This one may be of some help as well.
Remember to visit only after taking the meds.
__________
I know Scully… I just mildly disagree with the plan to put the money in GS. Closing the site is a bit extreme.
Jake sounds like he is as constipated with his own shit as I am!
Familiarize yourself with http://spp.gov/ douche.
http://teslawasright.blogspot.com/search?q=amero
Lemme warn you right now, Haines: you’ll me earning your red wings tonight.
And write in Pharmeffer for President.
He know u 2.
Haines: do you prefer Viagra or Cialis?
Does Erin like http://www.kyintrigue.com/kyintrigue/ ?
Holy shit it is like we are all tripping mushrooms. Exxon down $10 today! (Borat voice) WOW-E-WOW-EWW
Anyway here is my list of stuff I want to buy when the market actually does crash.
JPM
BAC
ATVI
GOOG
ACI
FCX
MCF
SWN
PFE
MOS
Enough with this gay Mark Hanines shit.
Enough.
Fuck off.
Yeah, I want Christopher Walken to play Borat in the sequel, too.
In fact, I want Christopher Walken to be our next president. He’s the only candidate that makes sense, if you think about it, and if you got kicked in the head all day like I did.
Chris Walken:
WOW-E-WOW-E-WOW! Right my name in for president. Go ahead. Do it. More cowbell.
Wonder how many Ameroes a ticket to the movies will cost when we’ve gone Mad Max?
Woo hoo!!! I’m coming!!!
Just passing by Puerto Rico!!! Lookie Lookie!!!
{grumble grumble}
Six weeks ago, all a Caribbean hurricane had to do was sneeze a Category 1 and everyone would fret about high oil prices…ahhh, the good ole’ days.
Chris says, “Right” my name in, you (sic) bastards.
The Donnymeister will be banned from the Casino. Two big tough guys will escort him out as soon as he enters.
Wow! This is huge! DJIA above 10k in AH. What a rally!
this market needs a good crash. i’m a buyer of MCD @ 5.
The MarketWatch site’s headline right now is “How now, beaten Dow” so I guess they’ve gotten a jump on the recession and fired all their writers.
Talk about third tier…
Huh. Happy meal or stock? Conundrum.
during depressions, Happy meals are called Melancholy Meals
Cramer says this time around we shouldn’t fear!! We’re crashing!!!
Poor Fly, he gets it wrong again. Imagine how much he’s lost going long, as he was so confidently telling us all earlier this very week.
He has such faith in dumb govt officials doesn’t he.
He should follow Tim Knight’s advice on Slope of Hope, he gets every bounce and every fall spot on, and he isn’t an ASSHAT.
Unlucky Fly, you make me laugh, but that’s all, you ignore the markets, and you clearly ain’t got a clue.
Slopers rule ok!!
sloppy slopers. sheesh.
Mercy is for the weak – http://www.youtube.com/watch?v=aTXlWYdodnc
“during depressions, Happy meals are called Melancholy Meals”
RAY RAY get my vote for quote of the day!
Lithium dependent Jeff:
From your own douchey link, bagge:
Myth: The SPP was an agreement signed by Presidents Bush and his Mexican and Canadian counterparts in Waco, TX, on March 23, 2005.
Fact: The SPP is a dialogue to increase security and enhance prosperity among the three countries. The SPP is not an agreement nor is it a treaty. In fact, no agreement was ever signed.
Myth: The SPP is a movement to merge the United States, Mexico, and Canada into a North American Union and establish a common currency.
Fact: The cooperative efforts under the SPP, which can be found in detail at http://www.spp.gov, seek to make the United States, Canada and Mexico open to legitimate trade and closed to terrorism and crime. It does not change our courts or legislative processes and respects the sovereignty of the United States, Mexico, and Canada. The SPP in no way, shape or form considers the creation of a European Union-like structure or a common currency. The SPP does not attempt to modify our sovereignty or currency or change the American system of government designed by our Founding Fathers.
Myth: The SPP is being undertaken without the knowledge of the U.S. Congress.
Fact: U.S. agencies involved with SPP regularly update and consult with members of Congress on our efforts and plans.
Myth: The SPP infringes on the sovereignty of the United States.
Fact: The SPP respects and leaves the unique cultural and legal framework of each of the three countries intact. Nothing in the SPP undermines the U.S. Constitution. In no way does the SPP infringe upon the sovereignty of the United States.
Myth: The SPP is illegal and violates the Constitution.
Fact: The SPP is legal and in no way violates the Constitution or affects the legal authorities of the participating executive agencies. Indeed, the SPP is an opportunity for the governments of the United States, Canada, and Mexico to discuss common goals and identify ways to enhance each nation’s security and prosperity. If an action is identified, U.S. federal agencies can only operate within U.S. law to address these issues. The Departments of Commerce and Homeland Security coordinate the efforts of the agencies responsible for the various initiatives under the prosperity and security pillars of the SPP. If an agency were to decide a regulatory change is desirable through the cooperative efforts of SPP, that agency is required to conform to all existing U.S. laws and administrative procedures, including an opportunity to comment.
Myth: The U.S section of the SPP is headed by the Department of Commerce.
Fact: The SPP is a White House-driven initiative. In the United States, the Department of Commerce coordinates the ‘Prosperity’ component, while the Department of Homeland Security coordinates the ‘Security’ component. The Department of State ensures the two components are coordinated and are consistent with U.S. foreign policy.
Myth: The U.S. Government, working though the SPP, has a secret plan to build a “NAFTA Super Highway.”
Fact: The U.S. government is not planning a NAFTA Super Highway. The U.S. government does not have the authority to designate any highway as a NAFTA Super Highway, nor has it sought such authority, nor is it planning to seek such authority. There are private and state level interests planning highway projects which they themselves describe as “NAFTA Corridors,” but these are not Federally-driven initiatives, and they are not a part of the SPP.
Myth: The U.S. Government, through the Department of Transportation, is funding secretive highway projects to become part of a “NAFTA Super Highway”.
Fact: Many States in the American Midwest are proposing or undertaking highway projects to improve or build roads as Federal-aid and State or private sector revenue becomes available. All projects involving Federal-aid funds or approvals are subject to normal Federal-aid requirements, such as review under the National Environmental Policy Act (NEPA), including public involvement. This public involvement, the common thread among all these activities, makes them anything but “secret.” In addition, Congress directs Department of Transportation funding for specific highway projects.
The Federal Highway Administration (FHWA) will continue to cooperate with the State transportation departments as they build and upgrade highways to meet the needs of the 21st century. Rather than evidence of a secret plan to create a NAFTA Super Highway that would undermine our national sovereignty, the FHWA’s efforts are a routine part of cooperation with all the State transportation departments to improve the Nation’s highways.
Myth: U.S. Government officials sponsored a secret SPP planning meeting in Banff, Alberta in September 2006.
Fact: The U.S. Government did not sponsor the meeting in Banff. The North American Forum, a private initiative that is separate from the U.S. Government, hosted the September 12-14, 2006 conference “Continental Prosperity in the New Security Environment.” Academics, businesspersons, private citizens, and government officials from the U.S., Mexican, and Canadian governments attended the conference. The North American Forum is not a product of the SPP.
Myth: The SPP will cost U.S. taxpayers money.
Fact: The SPP is being implemented with existing budget resources. Over the long-term, it will save U.S. taxpayers money by cutting through costly red tape and reducing redundant paperwork. This initiative will benefit the taxpayers through economic gain and increased security, thereby enhancing the competitiveness and quality of life in our countries.
Myth: The working groups and SPP documents are a secret and not available to the public.
Fact: The SPP’s initiatives and milestones with timelines can be found by clicking the Report to Leaders link at http://www.spp.gov. The Web site contains a section to enable interested persons to provide input directly to the various working groups.
Myth: The SPP seeks to lower U.S. standards through a regulatory cooperation framework.
Fact: The framework will support and enhance cooperation and encourage the compatibility of regulations among the three partners while maintaining high standards of health and safety. Any regulatory changes will require agencies to conform to all U.S. administrative procedures, including an opportunity to comment. Enhanced cooperation in this area will provide consumers with more affordable, safer, and more diversified and innovative products.
Myth: The SPP is meant to deal with immigration reform and trade disputes.
Fact: Immigration reform is a legislative matter currently being debated in Congress and is not being dealt with in the SPP. Likewise, trade disputes between the United States, Canada, and Mexico are resolved in the NAFTA and WTO mechanisms and not the SPP.
Myth: The SPP will result in the loss of American jobs.
Fact: The SPP seeks to create jobs by reducing transaction costs and unnecessary burdens for U.S. companies, which will bolster the competitiveness of our firms globally. These efforts will help U.S. manufacturers, spur job creation, and benefit consumers.
Myth: The SPP will harm our quality of life.
Fact: The SPP improves the safety and well-being of Americans. It builds on efforts to protect our environment, improves our ability to combat infectious diseases, such as avian influenza, and ensures our food supply is safe through the exchange of information and cooperation ? improving the quality of life for U.S. citizens. Americans enjoy world class living standards because we are engaged with the world.
Myth: The SPP creates a NAFTA-plus legal status between the three countries.
Fact: The SPP does not seek to rewrite or renegotiate NAFTA. It creates no NAFTA-plus legal status.
At this time, I would like to thank:
Shedder, for his brilliant “Big Bamboo” signal Monday evening. Though I had already started easing into SMN and DUG before the close on Monday, this call made a lot of sense, and encouraged me to double my positions and buy SDS yesterday. All this lead to my greatest percentage gain in one day.
Right Jake…The 10 lane expressway going up in south Texas is an access road,get your head outta the kool Aid son
Anton asked: Wonder how many Ameroes a ticket to the movies will cost when we’ve gone Mad Max?
If we go post-nuclear-apocalypse A Boy and His Dog, then it will cost you a can of food…and a second can for the dog.
8:35 in, if you really care: http://www.youtube.com/watch?v=gqbNd2GjT1c
Yes, that is Don Johnson, but the one with the curly hair isn’t Phillip Michael Thomas.
Tex — you gotta problem with free trade?
I don’t.
__________
Jake –
When you argue with a crazy person, it only winds them up a little tighter.
(Some would say this is why I don’t talk politics with you anymore, but I would certainly never say that. No, no, no. Enjoy the debate tonight, BTW.)
Donny – Shedder built himself a nice ATM with Big Bamboo as was nice enough to share it. Wish I’d acted on those buy signals. I hear Fly is going to give him a nice new redesign of his space as an “attaboy.”
Free trade with a 3rd world country? How does that work Jake?
Ott –
Harlan Ellison fucking rocks. “A Boy and His Dog” was a much better book than a movie, but point taken. And we have the added benefit of fewer “readers” than ever, so we’ll be able to trade cans of beets for the value of canned peaches to the imbeciles.
Sweet!
The Amero has already been replaced.
Immediately after exchanging your dollars for Ameros at the Dollar Exchange Station, you will need to proceed to the Amero Exchange Station to recieve 1 New Amero for each 10,000 Ameros you were issued at the DES. The AES will not issue any New Ameros unless presented with an original DES receipt matching the number of Ameros presented for exchange.
Thanks Donny! I keep waiting for the Big Bamboo to have a losing streak, so I can start trading it…but it doesn’t seem to want to do that right now!
Anyone who is surprised that a market retests a recent low needs to take some time off and do some serious work on trading skills.
Free trade with a 3rd world country? How does that work Jake?
The same way it works with any country, person or or free entity.
A mutually beneficial exchange of goods and/or services.
David Ricardo wrote books and books about it back in the 18th century. I highly recommend their study.
You’re a mean one, Mr. Grinch.
You really are a heel.
You’re as cuddly as a cactus,
You’re as charming as an eel.
Mr. Grinch.
You’re a bad banana
With a greasy black peel.
You’re a monster, Mr. Grinch.
Your heart’s an empty hole.
Your brain is full of spiders,
You’ve got garlic in your soul.
Mr. Grinch.
I wouldn’t touch you, with a
thirty-nine-and-a-half foot pole.
You’re a vile one, Mr. Grinch.
You have termites in your smile.
You have all the tender sweetness
Of a seasick crocodile.
Mr. Grinch.
Given the choice between the two of you
I’d take the seasick crockodile.
You’re a foul one, Mr. Grinch.
You’re a nasty, wasty skunk.
Your heart is full of unwashed socks
Your soul is full of gunk.
Mr. Grinch.
The three words that best describe you,
are, and I quote: “Stink. Stank. Stunk.”
You’re a rotter, Mr. Grinch.
You’re the king of sinful sots.
Your heart’s a dead tomato splot
With moldy purple spots,
Mr. Grinch.
Your soul is an apalling dump heap overflowing
with the most disgraceful assortment of deplorable
rubbish imaginable,
Mangled up in tangled up knots.
You nauseate me, Mr. Grinch.
With a nauseaus super-naus.
You’re a crooked jerky jockey
And you drive a crooked horse.
Mr. Grinch.
You’re a three decker saurkraut and toadstool
sandwich
With arsenic sauce.
Copyright © 1957, Dr. Seuss.
problem with that Jake is on one side of the fence a tire maker gets paid 3 dollars an hour and on the other side he gets paid 15…
Anton:
I’m just hoping my cat will be as useful as that dog.
Read plenty of Ellison, but never that story.
Saw the movie loooooong ago, but I still can’t hear John Philip Sousa music without getting a little creeped out.
Be gentle with Jake today. I’m sure I have far, far less QLD than he does, and I’m feeling some discomfort.
JakeGint, you might go down at the biggest douche on this site. Dude, why are you defending criminals, and getting your info on snopes like a dummy. Come on man. Put on the glasses.
Tex is right, check the trans-Texas corridor without Congressional approval. Why did Cintra (Spanish owned) buy up all of the newspapers along the way and why do they have the toll rights? Fuck – you are going to be happy in your FEMA camp huh.
Don’t wrestle with the pigs, even if they are wearing lipstick.
Or maybe especially don’t if they are wearing lipstick.
ott,
I spoke with Ellison a couple of times by phone in college to try to set up an appearance. Really nice guy. He ended up doing an appearance just after I graduated, so I never met him.
I think Jake’s got more hits than strikeouts lately, btw.
Really banking those Ameroes and canned “peaches.”
“…you might go down at the biggest douche on this site…”
Now you’re trying to hurt poor Sir Douchebag’s feelings?
Donny, congrats on your $900 gain. Piker.
problem with that Jake is on one side of the fence a tire maker gets paid 3 dollars an hour and on the other side he gets paid 15…
Sounds like the more expensive manufacturer needs to differentiate their product to the point where it adds more value than the added extra costs to the consumer.
Do you think it benefits an economy to have consumers pay more than the market price for their goods?
________
Jeff.
Are you saying snopes is now part of the VRWC?
And don’t worry, I intend to be a “FEMA camp lawyer” when the time comes, working my mischief from the inside.
Apply now to get the best rates.
_____
Off to pick up the kid from football practice.
Don’t take any wooden Ameros whilst I’m away.
__
Paulson looks like death warmed over
In order to facilitate tax cuts for the rich, I will be eliminating all non-essential school activities.
Such as high-school football….
What will it take for you people to see my whole economic theory was an utter sham?
Paulson is on Kudlow’s show right now. I can’t tell which one is the bigger of the two idiots. I am going to eat both of them for Breakfast. Swallow them whole, on the air. CNBC. Tomorrow morning.
You think Jake sends hid kids to public school???
McCain’s an idiot. He’s still stuck in the housing crises. Poor man wouldn’t know a credit default swap if it reached up and bit him in the ass. And he lost his “Phil Gramm economic brain”. I’m going to put whip cream on McCain’s white head and eat him. Whole. CNBC. Tomorrow. For lunch.
OMG – I just saw a couple of tanks rolling down the main road.
I went to the local grocery store and saw it was emptied out and looters were making away with food and water.
The local banks are all out of cash and a few have been burned down by angry mobs.
The local channels are off air.
I am hearing gun shots being fired. Dead bodies littering the sidewalks. This is really bad. I am not surprised the markets are down so much. With all this bloodshed and violence the market participants are very afraid. Shit … time to lock myself in the panic room. I hear a mob breaking into my front door.
CAP from Phoenix, AZ over and out.
Recommended zombie movies to help you through these trying times:
Dawn of the Dead (original 1979 version)
Night of the Living Dead (1990 remake)
Zombie (1979 Lucio Fulci’s)
Diary of the Dead
Resident Evil
Dead Rising (video game)
Start with these. Lemme know if you need more recs.
The Fly is God.
Zombie- don’t forget the UK imports- “28 Days” and the hilarious “Shawn of the Dead.”. Both awesome recent entries.
I’m really trying to help you, but I think you may be too far gone. You probably think 911 was orchestrated by terrorists in caves.
Ease up on Mark Haines, he’s pretty low key and he’s not annoying like Dennis Kneale.
All the CNBC anchors are looking exhausted, all those extra shows on the financial crises are taking their toll. Some of them look like they could use an extra pint of blood.
The 28 Days sequel is even better than the original.
Soooooo…I did in fact only barely enjoy half the gains I should have made yesterday due to the bullshit Thanksgiving holiday on Monday in Canada. Instead of selling my positions into a super strong market that was rising all day, I had to sell into a market that opened marginally strong and started selling off as soon as the US market reversed. But of course, I got to enjoy the entire pullback today.
Once again, I hope y’all enjoyed your fucking turkey.
The Canadian market should never be allowed to close when the US market is open, that’s so retarded.
boca:
Here here. Becky is not nearly as hot at 6am as in prior months.
Oh, and I don’t appreciate how CNBC conveniently hides Michelle Caruso’s cabreras behind flat screens or bullshit things on the bottom of the scrren on sweater days.
Steph,
The only thing I appreciate more than a woman’s body is a woman who appreciates a woman’s body.
Except for the Indigo Girls.
Tonight we dine at the “Y”.
Agreed, Jake. I loved both flicks. Fantastic Brit zombie films. If you haven’t already, check out the 1990 version of Night of the Living Dead. Great zombie death action and some of the best overacting in film history. Hilarious.
Excellent recs, Jake.
Anton…don’t want to burst your bubble, friend, but I’m not a woman.
Steph,
Okay, now discovering that a big chunk of my savings vaporized in the market is only the SECOND worst thing I found out today.
But better to find that out now than in the hot tub of the iBC limousine.
Waiter? Another bottle of scotch, please…
Make it a cheap one.
Damn, I thought Steph was a girl, too.
Boca’s the only chick!!
I would NEVER!… get into the hot tub of the iBC Lemo
Jake, “Susan” stopped by my blog yesterday.