I bet you drug addicts thought I meant cocaine. Fucking losers.
So, here we are, rallying into the final hour. God bless.
All of my commodity stocks are booking higher, while my bank shorts rally up. Once again, I do not care where [[SKF]] goes. Providing my commodity plays book higher, the pullback in SKF is acceptable.
To clarify: my hedges are for a specific time period, not price level. I will look to take some hedges off, early next week.
I need to run along, for I am busy doing things that make me money. However, while I am gone, just know, “The Fly” hates you and will work very hard to undermine your opinions, no matter what.
NOTE: Bullish or bearish, you fuckers got to love the price levels in the oils names, especially Chevron Corporation [[CVX]] . The oil men with cash will use this weakness to acquire assets on sale. I insist, National-Oilwell Varco, Inc. [[NOV]] is ghetto cheap.
NOTE II: Shame on CNBC for their disgraceful coverage today, tossing caution to the side and cheerleading the bull case, like fucking retarded imbeciles, despite the present dangers.
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When you say “get your coke ready”, are you talking to me?
America. Fuck yeah!
What if they had a crash and nobody came?
Forget that commodity crap, go long burritos and chips.
With 80% in cash, this tape is still giving me a heart-attack
I have some Diet Pepsi Max, but the caffeine makes me jumpy so I will stick with bottled water.
Circle your calendars. Monday October 27th. Yep thats it. Thats the day of the great crash of 2008.
fly we all need a hero-i’m all in HERO.have a godly weekend.
Fly- The alarm on your house is going off.
But not to worry. They were just some of the neighborhood kids doing trick or treat early.
The mere fact that you ass clowns are calling for a Monday crash makes it nearly impossible.
Hey CAP are you gonna double down on that bet hahahah
You know you’ve reached an inflection point when both the longs and shorts panic simultaneously.
Here’s the problem with today’s market…
#1 Paulson has permission to buy stocks
#2 Paulson knows if and when .gov will announce something silly like “no shorts on all stocks”,1/2 point interest rate cut,additional government stimulus, etc.
Easy trade… Pauslon buys stocks right before a weekend announcement knowing he will make a couple of billion in profit Monday morning. How can you trade in this market? That’s why insiders have to announce their trades. Paulson does not have to account for anything.
CNBC coverage pom-pom’s included.
I agree – what a bunch of idiots they have anchoring those shows.
exceptions for Dillan Ratigan and Jeff Macke. They have a bit of a clue… not much but the rest – screw them!
This guy with the pinstriped suit talking MLPs is a butt pirate. Watch those hand actions.
This is coming from a guy that sucked his own dick yesterday. Just kidding, CAP.
I like the mellow dude with the pony tail and the Devil’s beard.
He makes me laugh.
TraderRenn, paulson is not allowed to hold stocks..sure he can hint his “friends” but i doubt he’s that stupid. He had to sell out his GS position when he took over..actually benefited him, as he closed around 200 and even got a tax exemption from the sale
I think I hear the margin clerks coming. Took them long enough.
GM is starting to rally, I guess they’re not going out of business this weekend
I think we should review the bail out text… I believe he has the ability to invest in preferred shares with the taxpayers money now.
I think CAP’s OK for tonight, but I’d keep a can of diced pineapple handy, just in case. 48 hours without trading is ample time for Fed fuckery.
TraderRenn: And a snake with its head up its own ass is also a pretty good analogy for the Fed’s balance sheet/trading book these days. Why not just drop the pretense (and the ever-expanding list of “facilities”) and call the $750B what it is: a sovereign wealth fund.
Lunar cycle parallels between the 1929 and 1987 October stock market crashes led Chris Carolan, who discovered the Spiral Calendar, to notice a very important seasonal characteristic of mass mood. There is a very specific tendency for collective panics to peak into the 27th and 28th day of the 7th lunar month of the lunar year. In his award-winning article, Autumn Panics: A Calendar Phenomenon, Carolan points out how the 1929 and 1987 stock market crashes, along with the 1997 Hong Kong stock market crash, climaxed into the 27th and 28th day of the 7th lunar month, with the “black” crash days occurring on those specific lunar calendar days.
He notes in his article that this pattern was the same with most other major financial panics in the 19th century, although some occurred into the 28th day of the 6th lunar month (which would suggest a selling climax of some sort into Friday, 9/26 this year).
As for 2008, the 28th day of the 7th lunar month will occur on Saturday, October 25th. Thus, if a mass panic soon begins, one might look for a climax in late October (or late September if the panic is limited to the 6th lunar month). Obviously, if this panic is constrained to financial markets, then a selling climax would be expected into Friday, October 24th or Monday, October 27th.
Ouroborous “Why not just drop the pretense (and the ever-expanding list of “facilities”) and call the $750B what it is: a sovereign wealth fund.”
bUT UNLIKE other sovereign wealth funds, our Fed is using stolen tax payer money.
I am deploying 3% of my cash to long side trades in NOV and MOS.
I’m out.
Maybe this is as good as it gets
what’s your target on nov, fly?
CAP– whaddaya think “Sovereign wealth fund” means?
In all those other countries, it’s gummint “caysh” too.
_________
CAP – (stolen taxpayer dollars as the foundation of the US’s Sovereign Wealth Fund) I’m disgusted by it, too, but as Mel Brooks put it “It’s good to be the King”.
I believe the tradebots are trading amongst themselves (itselves?) at the moment.
Off to Greensboro, NC (Forest Oaks GC) for a golf tournament.
Happy Weekend.
Weekend rate cut possibility….spooking the shorts?
Still holding 10K of GCI from 8.81…shorts covering again into close.
I’m done, here’s my 2 week notice.
Fly…seriously…check out CF…it behaves better than MOS.
NOV technically stronger than MOS…..
Time for a drink
Nobody wins.
That was the gayest day ever!!!!!!!!!!!!!
Covered 1/2 S&P short from 1290 (9/19) @ 3:54. Looks like PPT bought the low…premarket.
Bought 100 shares SDP @ 91.72 and 100 @ 92.
CB’s can cut rates to zero. Doesn’t matter. Look what happened with Japan.
No, there’s no avoiding this. That’s what the asshats in charge don’t get.
DJIA down over 3% and some people are feeling relief. Now THAT is gay.
worst. crash. ever.
I’m somewhat shocked that we didn’t have an epic sell off. This just kicks the can down the street.
There will be blood on Monday
Down 4%…High 5’s for everyone. Whew I thought we were going to have shitty day for a second.
Can’t wait till Monday. Now 185% SHORT and all green. Have a great weekend! Viper & wife’s bouncy 34Ds time. I love the Viper’s firm suspension and a bumpy road. Have a great weekend! Remember: Go BIG or don’t go at all!
Ready. Set……
Danny – don’t worry. Monday will be fun. You want to see a crash. Watch Monday. We should have a crash party starting Sunday evening here on IBC. Lets start say 10pm ET. We can watch Asia getting nuked .
I dont bet on crashes, though I wouldn’t be surprised. I wish everyone good luck in their endeavors. Except Dennis Kneale. He can die slow.
That was a disgustingly ugly close. The DJIA dropped 200 points in the last 8 minutes.
The intraday chart of FXP looks like a comfortable recliner. A nice place to rest your head on the left, and a place for your feet on the right. A fitting metaphore for the action today.
I guess when the front page of CNN has a guy quoted saying “today is when everybody throws in the towel”, you know the bottom isn’t in yet.
Good to know i’m not the only one who’s placed bets for a negative monday…
Donny: Yep. Wish they would get this thing over with and capitulate. This is longest prick tease in the history of trading. Ending up pretty much where we were 20 minutes before the close yesterday. Covered 1/2 of 1290 S&P short b/c I fear Pigmen weekend bender.
Donny,
Weekend news works both ways. People are scared. It won’t take much to push them over the edge.
I just can’t think of any good news that will change things right now. People are skeptical. Markets are about confidence and trust. All of that has been undermined by the lack of transparency, underhandedness and greed on the part of the financial community. Things don’t go back to normal. Normal has now changed.
Stay in the cave.
Devildog, are you 185% short SDPs? Or 185% beta short (which means you long 92.5% SDP)?
This market is playing the 2nd movement of Beethoven’s 4th Piano Concerto. Markets, data, markets, data…
don’t WTF me, just go listen to it, you Monday crashers…
How much did the action in the last 30 mins of trading have to do with the Citadel conference call ?
Ok, get a hold of yourselves folks. The Dow was down 312 today, and maybe 75 points of that was bullshit at the end of the day. Big deal.
Other than the “panic” this morning (still can’t figure out why really..), this day has been no different than any other over the last few weeks.
Why is everyone calling for a crash? In fact, why is everyone ALWAYS calling for a crash? The market has crashed, that was on October 10. It doesn’t want to crash any more, that’s why the volume dries up every time fuckers try to knock it down. And it doesn’t go down because people are trying to get out the door, it goes down because buyers aren’t stepping in.
Who are these people that are supposed to panic to make the market crash? They already got the fuck out two weeks ago.
I don’t see why we would crash.
Random thoughts … let’s review a few key points.
The World Govt’s have unleashed un-Godly sums of coin in order to counter all the leverage being mopped up around the globe. A difficult task, considering it took 20 plus years to build up this debt infested ponzi scheme.
The Gov’t is losing, and it’s showing up:
Gold is down sharply
Crude has collapsed
The Dollar is rising
Real Estate is crashing
Commodities are dead
What’s next:
Death to the Consumer
Rising unemployment
Declining Wages
Further deterioration of Asset Prices
And down the road … “INFLATION”
The long term plan is for the Gov’t to make the Asians and Arabs the bag holders, and they’ll do it by inflating Americas debts away. Don’t kid yourself, America is a lot like The Fly, they always win.
I’m 185% SHORT as far as my account. 85% with margin. I’ve got 10.4K shares of SDP. I listed my other SHORTS a couple of days ago in addition to the AAPL SHORTS I did in the after market after their earnings announcement. I SHORTED several utilities today too…EXC, SO, WMB, FPL near their highs today. Gotta go.
BTW, I hope dickface paulson is reading this and tries to run up utilities on Monday. I’ve been keeping my Dad’s $1.5M which I manage in cash waiting for the real bottom to do some buying, however, if they run them up I’m going to grab him some SHORTS.
DT wins again!
-DT
Call me superstitious, but I couldn’t go long into Monday, October 27, considering the date’s historical meaning (The Great Depresion and the Crash of 1987.)
Give me a break…how many times is someone on this blog going to call for a ‘crash’. Crash yesterday, crash today, crash Monday. One thing is certain, at some point one on you may be right but let it happen if it’s going to happen instead of trying to be the master trader of the universe. I think being down 40%+ may not be a crash because it didn’t happen in one day but some of you guys are getting as bad as some of those on CNBC. It’s almost as if some of you want this to happen…WTF.
Son,
I told you before, that $1.5 million is not for stock market games. I already had to take away your Xbox, don’t make me take your name off the trust.
Dad
Dear Wall Street…
http://www.youtube.com/watch?v=YBus4gHF1FE
Bout Time
Roubini – what awards for this Iranian Chicken Little’s performance this week?
asshat?
fucktard?
chicken shit?
Devildog – why utility shorts?
Input costs are going through the floor. Prices of coal, natgas coming in hard. Those costs declines will outpace rate reductions by a long shot. Can only translate into increasing earnings.
So, what gives?
Eye you are a sore fuck
Here is an article which gives an example of the point I have been trying to make about these currency fluctuations causing severe losses for non financial companies.
http://online.wsj.com/article/SB122478586663363265.html?mod=rss_whats_news_asia
Wow – i just came up out of my bunker. WTF – no crash yet? I’ll get me some more beer and vodka and go back down into my hole. See you after the crash!
to put on your “someday” list: VIP is now down 80% from peak. I’m just not sure whether to put ’em on the “someday this stock will be a great buy” list or the “someday these guys will be gone” list.
Kudlow and multiple guests crying and whining this evening about an Obama Presidency. Oh, shut the fuck up! Would you rather us keep that stupid fucker George W. Bush for awhile longer? Yeah, let that little prick dance around in public some more and proclaim “we’re in the worst financial crisis since the depression” so every American hits the SELL button yet again and sends the markets down another 3,000 DOW points.
You Republican fuckers just need to SHUT THE HELL UP ! Your party FUCKED up our country. It’s simply time to give the other guys a shot to see if they can do better.
George W. Bush is a primary reason our markets got fucked. It’s Obama’s time. Accept it and stop your whining.
Even as a die hard fiscal conservative Republican, I am ashamed to admit I voted for Bush twice. I will vote for Obama. The first time ever voting for a Democrat.
we need a crash, so all these marginal, shitty funds get their asses blown through the fucking floor. there is a dying ebola patient that needs to crash and bleed out so we can free up the gurney and the nurses. all these motherfuckers think they’re going to hang on by a thread and get through this market. fuck them. they are not. all this trickling, cascading bullshit is only delaying the inevitable. the market only lives because it consumes the participants.
the trash needs to be taken out before we can put a new floor in the kitchen.
the economy sucks, but the game isn’t over. take the market below the 02 lows. really ruin these jokers that think they’re hedge fund managers, because they had one, good year at goldman.
It’s Nader time fools! The two party system doesn’t work! Rally your votes together and force a third-party consideration into the spotlight!
Vote Peace & Freedom Party!
Even as a die hard fiscal conservative Republican, I am ashamed to admit I voted for Bush twice. I will vote for Obama. The first time ever voting for a Democrat.
Before this post I had only the unresolved notion you were an imbecile.
Thanks for the confirmation.
___________
Does anyone have a list of the companies that have steel as the largest capital expenditure, or some names of companies that use commodities to growth?
With commodities down, I’m looking for any companies that bennefit from low commodity prices with good balance sheets.
I want a hedge against my longer term TX position that I’m starting to buy.
Jake, when you leaving for the Burgh?
Going to the Jayhawks V. T.Tech tomorrow..50 yd line 20th row.
11 Am kick like it should be!
KU QB Todd Reesing is the most exciting college player I’ve seen in awhile…not that he’ll play on Sunday’s or anything…just a perfect College QB. Should be a Doozy!
Breaking News:
BCS Schools will now recruit and play students!
http://www.nytimes.com/2008/10/21/sports/21boosters.html?em
KC —
Not leaving until tomorrow morning, game is Sunday at 4 pm.
Texas Tech is supposed to be good this year, aren’t they?
Can’t wait til hoop season this year. Cards may be pre-season top five.
_______
Go Red Raiders (class of ’84). You’re lucky to see the game in person. I’ll be watching from a few states to the west.
All you morons please keep screaming crash…we’ll climb the wall of worry as the specter of a crash keeps idiots on the sidelines. This is a huge deleveraging…hedge funds had liquidations at the end of September. This caused panic amongst individual investors (stupid money) who liquidated their mutual funds…mutual funds then have had to liquidate holdings. It is all forced selling. Get over it- the short side with all of these inverse etf’s has never been more crowded. We are in for a huge recession, but guess what the market has discounted a great depression. We will rally hard monday as everyone waits for a crash. Many non-financial companies with clean balance sheets are trading under cash and in several cases 40% tangible book value. Buy DIG, USAP, CIEN, etc and thank me later. The market does the opposite of what everyone expects- for all of those crash callers- it has already happened. We are down 28% (more than 87 crash) in October alone- even after already being in a bear market. With the ease of shorting expect a huge rally very, very soon.
Devildog,
You have done a great job on the short side and I commend you for that. But you should really keep the hubris in check. You’re short, good for you. I’ve been playing the market almost exclusively from the long side and I’m actually having by far my best month of the year. In fact. my only bad loss was today because like an idiot, I put on an SDS hedge and got my face ripped off this morning.
But honestly, I have to question your decision-making capacity by being 185% short at this point in the cycle.
Are you fucking nuts? You know the old saying about bulls and bears, and pigs being slaughtered? Don’t be a pig.
Just look at the charts of SRS, SKF, SMN, and Devildog’s illiquid SDP (that he is heavily advertising in order to get some volume so he can sell). The charts are parabolic. You guys may be right, but have you ever heard of reversion to the mean? Look at charts of MOS, POT, etc to see what happens with parabolic charts…why would anyone in their right mind want to buy these things at present levels? If nothing else, it appears the market has capitulataed and many of you are going to be caught gap down on an overcrowded trade. What is the upside…LOOK AT THE CHARTS. The world is not ending. We are in horrible times and the market will rise in spite of this. We will surely see many, many companies fail- but the market can climb this wall of panic. Get ready- fasten your seatbelts for the rise that has all you bearshitters crying next week. Once again- do not buy crap or leveraged companies- there are hundreds that are attractively valued in spite of weakening business going forward. When good quality products are on sale- it is time to buy. Just remember it is in every country in the world’s best interest to rehabilitate the markets as it is a major source of income…don’t discount this fact.
Good luck everyone…time will tell what happens.
After the 87 crash the market was expecting another crash every other day for years after.
^^^^^^^
You might try the new grammatical construct that’s all the rage these days, Fester.
It’s called the Paragraph?
_____
Crash. Squeeze. Com on – all you “see-ers” miss the point. The market is a mean-ass bitch with big, beautiful tities. She flashes her tits – talks dirty in your ear – then kicks you in the balls. Bulls, bears, they all lose in a bear market.
Keep your powder dry unill it looks like there is no hope. Then – leverage the FUCK up and go long. If your wrong, were all doomed anyway.
Could we possibly have the first Presidential Candidate ever to be indicted BEFORE the Election??
______
From another piece on the Obama fundraising fraud scandal:
The issue centers around the Address Verification Service (or AVS) that credit card processors use to sniff out phony transactions. I was able to contribute money using an address other than the one on file with my bank account (I used an address I control, just not the one on my account), showing that the Obama campaign deliberately disabled AVS for its online donors…
The end result? “Donors” like “Doodad Pro” can submit tons of donations totaling well above the $2,300 limit using different bogus addresses (this does clarify how donations from “Palestine”, or PA, got through). And the campaign has no way to reliably de-dupe these donations, besides looking at the last four digits of the credit card number, which with 3.1 million donors is an identifier that could be shared by literally hundreds of donors, and is not as easy to eyeball like a common name or address would be.
The ability to contribute with a false address, when the technology to prevent it not only exists but comes standard, is a green light for fraud.
________
WTF??
Regarding SDP: The crowded trade is those that keep buying utilities as a safe haven as the market goes down. The market is going lower and those that have profits in the utilities are going to dump them and the herd will scramble for the exits. Also, you may want to check the gap above the current price that needs to be filled. SDP was only up 3.04% today and the $UTIL was down 3.28%. Been that way all this week. Needless to say the SDP 2X SHORT ETF has some catching up to do. Most of the guys I got in SDP already booked 10 point scalps and are out. I’m simply holding for a bigger pay off. I don’t really care what anybody else does regarding SDP. The utilities will confirm their lows which they all well above as the market forces them down as the hedgies take profits and dump them last. I’m taking the risk of going against a sector with strong relative strength instead of picking off the weak ones. I like a challenge. So if I win I earned it the hard way and as far as I’m concerned I’ll have more than earned my spoils. I still do not believe the market bottom is in. As far as the majority believing that I don’t think that is the case based on the dip being bought right off the bat this morning after limit down on the futes and rallies into the close the 2 previous days. Far too bullish for a bottom. My DEVILDOG fangs are holding on to SDP until I squeeze the life out of the safety haven utilities that is crowded with the cow herd. I prefer to do it alone. However, I was able to help some guys make 10 points on this site in a couple of hours and some of you want to make that out as a bad thing. Well fuck you. After this play I’m keeping my ideas to myself. 80% of you on here are herd followers anyway and not worthy of taking advantage of MY hard work.
I think the corollary here is the 1929 crash. The market in 1929 went down 43% from a intermediate high, then rallied 21%, rolled over 15%, and then went on a multi-month rally of almost 30%.
The SP500 is down -33% from an intermediate high, rallied 24% off low, rolled over 16% here. That’s where we are today. I think we will get our 30% rally very soon.
Human emotions, greed & fear don’t change through time. We’re about to embark in the “screw the shorts” phase a la vicious bear market rally. This happened in 2000 too, when the telecom index almost rallied to its high in October-November after falling in March. The market loves to kill the “johnny come lately shorts”.
The market also likes to kill the “johnny come early knife catchers”.
Jake, step away from the koolaid.
You wrote: Could we possibly have the first Presidential Candidate ever to be indicted BEFORE the Election?? with a link to some frothing over the fact that Obama’s campaign site doesn’t attempt to match the donor name/address to credit card billing name/ddresses and doesn’t ask for the 3-digit security code on the back of the card.
Unfortunately, the frothers you have linked to fail to understand three important points:
1) The card processing procedures that Obama isn’t following are designed to discourage fraudulent theft, not to discourage violations of campaign finance laws. Because the risk of fraudulent theft is very low for campaign donations, it is reasonable to ease up on the security.
2) The campaign finance laws require only “best efforts” to collect the donor information needed for reporting. The laws also provide a specific definition of best efforts. In brief, best efforts entails 3 things: solicitation materials notify donors of the legal need to require and collect certain information; solicitation materials request such information; and a follow-up request for the information within 30-days if sufficient information is not provided at the time of donation.
3) Unless any of the frothers made individual or aggregate donations in excess of $200 and more than 30 days ago and provided valid contact information, they haven’t tested whether or not the Obama campaign is following campaign finance laws.
So far, all the frothers have done is verify that the Obama site uses a low level of theft-prevention security for transactions that have an extremely low likelihood of involving theft.
The frenzy over the credit card authorization procedures on the Obama site is only slightly less loony than the hubbub about the authenticity of his Hawaiian birth certificate. I don’t know why you’d want to spend your time wallowing around down at that level.
the lunar moons are aligned…down down down we go
ottnot: cut em some slack, as fivethirtyeight says mccain doesn’t have a chance in hell, this credit card garbage is all there is left. if this is the worst against obama, then fuck he’s already won.
THE FLY’s other personality is DEVILDOG
Dont be fooled.
FLY is DEVILDOG.
I think he is tying to add other abrasive personalities to muck it up a little.
BTW-
I have been trading for 8 to 9 years. I have a fulltime job that pays me well and allows me the flexability to trade. Over the years I have made anywhere from 5,000 up to 104,000 a year. Its always been a way to make a little extra, follow the economy and markets, and pay off bills sooner.
However, I am down 15,000 for the year. I was up and then got stuck in a few trades that fucked me. As of today, I will pull my money out and not trade again until this bullshit lets up (6 months+).
This is the WORST market ever. You are either afraid of the short squeeze (which is bullshit) or you are afraid of the market turning and kicking your face in.
Either way, its all bullshit. Up and down, crash then rally, etc.
Im out bitches. I will take my lossed and live to fight another day. A day that I can have an edge and not this back and forht bullshit.
FLY is DEVILDOG.
I think he is tying to add other abrasive personalities to muck it up a little.
Fly makes me feel that in my youth I just wasn’t abrasive enough.
Do not seek your well being from those that are false prophets and sect leaders and the like, and who smear stolen honey around your muzzles.
Rather, seek your well being from the truthful leaders and by the truthful prophets who say to you the truth with hard, pointed words, and who demand effort from you, and hard adherence to the laws and directives of Creation.
No, DevilD is simply influenced by “The Fly”. Obama is a cruel joke on America. He will make Pelosi-Reid-Frank look like competent people. He maybe could drive a taxi in Jakarta – that’s all. One of “The Fly”‘s favorites, Ken Fisher, is a roaring bull – says stocks are the best buy in last 50 years! I believe stocks will be higher a year from now so I am over 50% cash and I hold some crappy stuff like MOS and can wait out the bottoming process by playing the bear ETFs.
Granted, the republican candidate isn’t exactly the best choice but all of you re-treads who think Obama is going to make a positive change really need to smarten the fuck up. If you are one of the cellar-dwellars he is planning on spreading the wealth to, don’t be confused. The only thing he will do is make your jobs do a merlin (poof! your bullshit 9-5 is history!).
Check this out from ’95
http://www.youtube.com/watch?v=bF_RAe9HQi4
Get a Clue,
Let the sheep pay 20% more a year in taxes and watch as more and more Americans lose their jobs. It will take 4 years, but policies such as OBama’s have a way of flushing liberal ideas out to sea.
We’ll see who is right Devildog. To Jake and DD, I’m up on the year, are you?
Cheese – I agree and that’s the only silver lining in the Obama cloud. He’ll fuck it up so bad, we’ll get a nice flush similar to post Carter and then perhaps a new Reagan-like boom?
Southpark called the NWO bluff. Market rock Monday!
Get a CLUE, getaclue!
Obama will “fuck it up?” How can ANYTHING be
as fucked up as America is under ME?
I have the Reverse Midas Touch. All the gold I touch turns into SHIT. Nobody can outfuckup ME!
Nice try, Kool Aid Drinker:
The card processing procedures that Obama isn’t following are designed to discourage fraudulent theft, not to discourage violations of campaign finance laws. Because the risk of fraudulent theft is very low for campaign donations, it is reasonable to ease up on the security.
Why WOULD one “ease up on the security,” if one were not trying to circumvent the allowable limits, Ottnot? Surely the Messiah would want to know the TRUE IDENTITY of each of his “little donators” if he were trying to compile something as simple as a data base, for furhter solicitation and even data mining purposes? Sorry, this doesn’t wash and show malicious intent to get outside (and foreign) money into the campaign.
2) The campaign finance laws require only “best efforts” to collect the donor information needed for reporting. The laws also provide a specific definition of best efforts. In brief, best efforts entails 3 things: solicitation materials notify donors of the legal need to require and collect certain information; solicitation materials request such information; and a follow-up request for the information within 30-days if sufficient information is not provided at the time of donation.
Let’s see what “efforts” have gone into “following up” on the myriad obviously fraudulent names and foreign credit card accounts that have been registered as donators. My guess, about as much “following up” as OJ did on “the real killers.”
3) Unless any of the frothers made individual or aggregate donations in excess of $200 and more than 30 days ago and provided valid contact information, they haven’t tested whether or not the Obama campaign is following campaign finance laws.
It isn’t just “frothers” that have been making this allegation, and believe me, the RNC will be following up on this like a hound on a convicts tale.
So far, all the frothers have done is verify that the Obama site uses a low level of theft-prevention security for transactions that have an extremely low likelihood of involving theft.
So far, they have verified that the Obamanids have TURNED OFF the anti-fraud functions ON PURPOSE. This is not a “negative checkoff” type event, one must actively seek to turn the AVN switches OFF and one has to ask — for what reason would anyone do this? Only ONE reason, no pun intended.
The frenzy over the credit card authorization procedures on the Obama site is only slightly less loony than the hubbub about the authenticity of his Hawaiian birth certificate. I don’t know why you’d want to spend your time wallowing around down at that level.
Again, a hearty “nice try” to you, Ott Not. Have you ever seen me mention one word about the silly birth certificate issue? No, because even if it’s true I don’t believe it anything more than a technical matter and should not bar BO from the Presdiency. This, however, is ACTIVE FRAUD, a far more serious indictment.
Why can’t you guys EVER field an honest candidate? Is it because the Democrat party is so corrupted from the inside that there are actually no honest people left in it? This ought to be a fun four years if this Chicago Machine Man gets in ….
________
Why WOULD one “ease up on the security,” if one were not trying to circumvent the allowable limits, Ottnot? Surely the Messiah would want to know the TRUE IDENTITY of each of his “little donators”
Complete bullshit Gint. Why not just ask why everyone is not a complete liar/criminal? Ask it. The answer is is that people do not work like that. Latest game theory says cooperation works best. We need to excercsie the demon (try not to get religious).
Obama understands that there are a lot of very intelligent people in this country and that their voice is worth hearing. We now have a closed system and it has proven its flaws.
Market hates to learn it was wrong. Perpetual growth is not sustainable and its effects must be charged at and slammed. Deflation, bring it!
Look for similar corruption in our upcoming Dear Leader socialist administration.
“Claude Raines is Shocked! Shocked! That Billy Ayers’ Buddy Hugo Chavez’ Regime is Corrupt to the Core!
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How dare you rail on socialism when real wages (BLS, OES) have declined by 19% since 2000?
Complete bullshit Gint. Why not just ask why everyone is not a complete liar/criminal? Ask it. The answer is is that people do not work like that. Latest game theory says cooperation works best. We need to excercsie the demon (try not to get religious).
What the fuck does this even mean? Are you on acid? I’m not saying “everyone” who donates is a criminal, jackass, just that the CAMPAIGN has allowed fraudulent donation via their own actions in rigging their credit card donation site for non-compliance.
Obama understands that there are a lot of very intelligent people in this country and that their voice is worth hearing. We now have a closed system and it has proven its flaws.
Holy shit, he’s a political candidate, not L. Ron Hubbard. Put the fucking Kool-Aid down. Jeez!
Market hates to learn it was wrong. Perpetual growth is not sustainable and its effects must be charged at and slammed. Deflation, bring it!
Perpetual growth, with cyclical retracements, is what we’ve had for the last four hundred years,and arguably for most of civilized history. Take a history of economics class for further review.
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Divide OES average by National CPI-U
How dare you rail on socialism when real wages (BLS, OES) have declined by 19% since 2000?
That’s what happens in a deflationary environmment. The question you have to ask is have standards of living declined. Answer, no, they’ve increased.
And I “dare to rail about socialism” because it’s doomed entire countries to decades of misery and murdered millions upon millions of people in the process of trying to change human nature.
For starters…
_
[rant on]
All this bash Obama stuff is laughable … not that he’s so fucking great, but you had your chance with your man Bush for 2 terms .., so now take your self-inflicted, well-deserved, so called liberal medicine … you fucked up , take it like a man with some dignity & give the other side a chance to fuck it up, or not
With the Bush team at the helm, they focused all our energies fighting terrorists on their foreign soil so we wouldn’t have to do it at home … yet, bush & co was asleep at the wheel while planes were hijacked & used as bombs on the home turf .. they were asleep at the wheel as home grown all-american financial terrorists were blowing up this country, joe fucking pack, joe fucking plumber & the world with their financial acts of terror never equalled in history…. al queda is but a gnat compared to what has been reeked on humans the world over thru greedy home-grown all-american financial terrorists .
Do you really think the information wasn’t known to many that terrorists were planning 9-11 or that the outcome of our financial chicanery was unknown?
Get a clue … both events were well known & our appointed team failed abominably … they are fucking fired
let obama & his team run the place, for better or worse … you had your chance, get off the fucking field & sit on the sidelines, loosers
[rant off]
Been there dawg and this is not normal.
Everybody sing a song about economic parodox.
It’s actually Hawaiian (Puna) weed and beer.
That’s what happens in a deflationary environmment. The question you have to ask is have standards of living declined. Answer, no, they’ve increased.
I do not believe that the standard of living has improved since 2000. Now we are afraid of terrorists and have shit TV to watch, I must admit that my iPhone is pretty sweet. Maybe we can get more shit we don’t need but its getting to the point where we don’t need it. (A “I really need this new Trapper Keeper Mommy and Daddy” bubble)
We have not been in a deflationary environment. We have been in an inflationary environment (please check housing prices from 2000 to 2007).
We are entering a deflationary environment. It aint happened yet.
I expect real wages to increase in a deflationary environment as the CPI would turn negative and wages sure as fuck aint going down – total payroll may decline (as fewer total jobs receive wages).
You are delusional is you think this new socialism is going to be any fun. These fuckers are batshit crazy.
http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20081012/REG/310139971
The only enjoyment I am goign to ge tout of this is watching the democrats new world order fail utterly with noone else to blame. Maybe it will stick a fork in this party for good.
And I “dare to rail about socialism” because it’s doomed entire countries to decades of misery and murdered millions upon millions of people in the process of trying to change human nature.
The real concern is Communism….Treasury buys bank stock, banks own corporate stock…Government now has further incentive for corporate dominance over labor.
I’m seeing communism as further pursuit of corporate wealth and socialism as further pursuit on individual wealth.
Socialism, in this case, is a move against communism and thus relatively healthy.
You are delusional is you think this new socialism is going to be any fun. These fuckers are batshit crazy.
Fun’s over my friends
Weekend thought: We are really at the mercy of the Asian markets right now. Meaning, if we tune in Sunday evening and the Asian markets are bouncing off their downturn (which in the last several days has been way worse than ours), then my guess is we will move to the upside on Monday. But if Nikkei, Hang Seng, et. al. drop another 5-9% on Sunday, then our markets will tank and continue the downtrend we saw at the Friday close.
Asian markets. They will be the #1 indicator of how we move Monday. Sad, but true.
JakeGint is a fucking WingNut who probably steals Obama signs from front yards because he thinks it will help the McPain campaign.
Juice – well said! The world already has enough morons and I can’t believe the rednecks (synonym for Republicans) who still blindly support their party. It’s one thing for sports fans who still support losing teams… that is a different kind of loyalty. I have been a Boston Celtics fan for the last 35 years, through good times and bad.
But getting back to politics… I voted for Bush the first time… but I recognized my mistake and even though Kerry was a weak choice I tried my best (with my vote) to get W. out of office. Thanks to the rednecks and Republican machine that did not happen in 2004. Anyone who does not realize that George W. Bush is set to go down in history as our worst president ever is living in a state of delusion. And he and his cronies (Cheney, Rove, Rummy) are taking our great nation down with him.
As for the markets, just think “untradeable”. Cash is king.
Virgo, I didn’t know Bush was running again. I’m glad to see you’re voting against him as he runs for his 3rd term.
Your elitism, noted through your use of the term Redneck, erroenously allows you to believe that you are smarter than everyone else, and that therefore you have the right to choose our destinies. You do not. In fact, that you cannot recognize the inherent bias contained in your elitist views should be a major warning flag about the quality of your intellect.
TheGameisRigged, that article you posted is some scary fucking shit.
next bubble to burst, treasuries! No real rate there, I’d go with A rated muni’s to reach for yield.. How low is the fed going to lower the fed funds rate? Seriously there’s so much paper money infesting the system.
Don’t worry about OBAMA.
As long as he follows my blueprint here in MI.Everybody will be blown away in 5yrs.
Obama will win on the 4th, I’d go all in on it. The good news, things will not get as bad as if McCain had won. The bad news, things will still continue to worsen. We will still continue to live beyond our means.
In other news, MR.EB is a moron. Our GDP numbers come out next week dummy, and Dana already said they are “not good”. That is to say, factoring in the Bush administration’s habit of watering down/not releasing/covering up bad news, it’s going to be a shitstorm down the toilet next week. Of course, I’m already positioned to suck up all of YOUR MILKSHAKE.
Here is Obama’s dream – http://www.therealcuba.com Never say it can’t get worse.
Woodshedder, the term “redneck” is indeed provocative, isn’t it? Was that perhaps intentional? No, I don’t consider myself elitist or even an intelletual but I do like to think that I have an intellect. And I choose to use it occasionally, instead of outsourcing it to Fox News, for example. Yes, we all have biases, my friend. My bias is that I am fed up of what Bush has done to our country the last 8 years.
Of course you do not consider yourself an elitist. How can you be an elitist when your views are correct and just?
Woodshedder,
stick with picking stocks son. You have a point, virgo has a point. We heard you both. No need for name calling.
I voted for Bush twice and hindsight 20/20 I regretted the second vote. I will still vote for McCain (not happily, but I always vote with my wallet) but I can understand why obama could win by a landslide. If you don’t understand, then us republicans need to look at the mirror. And if you think that bush is not as much as an incompetent idiot as carter I got some parcels of land to show you in florida. After all, why McCain does not even want to be seen with such a “great” two term president?
Anyway, the obama presidency is a fact; let’s concentrate on stock picking.
http://perezhilton.com/2008-10-25-john-mccains-brother-major-fail
Go Phillies !!!! http://tinyurl.com/6bs2hd
Anonymous, son, I did not reference one time whether Obama or McCain would be elected. Also, I never said anything about whether Bush was a good or bad President. Instead, I noted that Virgo’s railing against Bush was inconsequential as he wasn’t running for the Presidency. Secondly, I noted his elitism, as evidenced by his belief that everyone who doesn’t believe the same as him is a Redneck (which is synonomous with being ignorant/dumb).
My point was simply to call attention to the elitism that seems inherent in the Democrat mindset. This elitism so governs their perceptions that they do not even see their own biases. Instead, they view themselves as inherently correct, smarter, and better suited to make decisions for society as a whole. Unfortunately, with a liberal media elite governing 75% of the news, this just reinforces the elitists, as all the news they hear just reinforces their own biases. How could they be wrong, when 75% of the journalists, 75% of the pundits, 75% of the nightly news stories reinforce their beliefs?
One can’t examine a bias when he believes there is none.
Oddly enough, the biased feedback loop dovetails perfectly with stockpicking.
http://www.boston.com/business/articles/2008/10/24/assigning_blame/
Woodshedder for president!
Virgo, do you know CAP?
Anonymous, son, you are dickehead (deliberate namecalling)
Woodshedder
fair; I still prefer you use gray matter for stock picking purposes. 🙂
NoBammy, I am mesmerized with your intellect.
I would tap that.
Anonymous, point taken.
I had dinner last night with a person who is high-up in the Obama Campaign here in Richmond. We had some great conversations. But everything is still fresh on my mind, and obviously there are still a few lingering points I would have like to have made last night!
Oh Shit, who am i kidding? I can’t even change Chicago.
“…As police Supt. Jody Weis returns to the hot seat during a City Council budget hearing today, Chicago is outpacing New York and Los Angeles in 2008 murders.
Chicago, whose population is dwarfed by those cities, posted 426 killings through Tuesday, compared with 417 in New York and 302 in L.A.”
I think it will be interesting to see whether the neo-cons in the MSM (as well as many of my neo-con friends) continue to argue for unquestioned support of the President out of patriotic duty (such as during unpopular wars fought without a congressional declaration of war) when Obama is elected, or if they contradict their prior arguments and criticize the new administration akin to how the liberals have criticized the Bush administration.
Jake, regarding the standard of living. It’s stagnating and if we continue on this route, things will get worse. Globally, the US is slipping in measurements of quality of life and human development index. A giant medley of socialist government programs won’t fix this, but galvanizing the citizenry and reigniting the American “Can Do” mentality while repairing American infrastructure and creating new opportunities for individual advancement will refresh the possibility of the American Dream. One decade of Obama’s liberal government will cost a trillion dollars. That’s less than 1/10th of 8 years of the Bush administration’s spending. Will the national debt continue to increase, yes. I’d take Obama’s -15 trillion over McCain’s -20 trillion anyday, but hey, that’s just because I prefer a fiscally conservative government. Rest assured however, if Obama’s liberal minions ever attempted to unconstitutionally violate me, they’d be met with the same wall of lead that Bush’s lackeys would if they tried to pull some Patriot Act bullshit over heah.
Also, shame on America for nominating a neo-con and a socialist. What the fuck!
A friend told me about a conspiracy theory making the rounds. I don’t believe it but it’s kinda fun to think about.
It starts by asking why America would choose to elect a young, relatively inexperienced, black man as our president during the worst financial crisis in a century for both our nation and the world?
The conspiracy theorists think it’s a setup. They believe the elite secret society types (Bilderberg Group, Trilateral Commission, etc.) know that the economy and financial system are destined to fail no matter who assumes office. So they use their influence and money to get the public excited about Obama and elect him president. As the economy/banking system collapse, they’ll then try to influence the public to become outraged and blame Obama for the failure. That sets the stage for them to usher in the New World Order.
Basically, some nutjobs think the elites control the electoral process and they want Obama to be the patsy and take the fall for the coming collapse.
Their real puppet will be whoever takes over in 2012.
Woodshedder
You might be disappointed to hear that I am an independent… and perhaps you weren’t listening when I said that I voted for Bush in 2002. I have no affiliation to either party. My comments about rednecks were deliberately provocative because I am pissed off at what Bush & Co. have done to the country over the last 8 years as they attempted to pull the wool over our eyes… diverting attention and resources from Al Qaeda and Afghanistan, dragging America into a ridiculous war… hence my applaud to Juice.
I firmly believe we need change. To me McCain represents more of the same. I would have much preferred McCain (over Bush) 8 years ago but he did not get the nomination and now his time has passed. You can continue to discuss politics if you want but don’t expect me to make any more posts. I already got it off my chest. I would prefer to stick to discussing the economy and markets, bro.
Virgo, I did not start the conversation on politics. You admit posting something that was deliberately provocative, and so you received a response to the provocation.
I love talking about the economy and markets. Maybe the next provocative statements you make will be about those topics.