I will never forgive myself for today’s trading miscues. The cost of rehedging is so sickening, I will not do it. I will ride this goat fucking market down to 5,000. I care more about the current state of goat liver transplants, than pending market crashes.
I’m ready for my poleax. Let it be swift and mighty, as if my office was rigged with several tons of c-4 explosives. As I sit here, with about 25% cash, up around 45% for the year, I am literally willing to give back all of my gains (personal accounts), in order to prove a point. Get back to me in a few hours and I’ll think up a good enough reason.
On that cocksuckers show, Cramer decided to throw gasoline on top of the already nuclear bombed out United States Steel Corporation [[X]] and Arch Coal, Inc. [[ACI]] . Let me tell you, my rage is becoming uncontrollable watching that man spit fire at idiots on the receiving end of the gogglebox. Thanks a lot fuckface. You did real good son, warning the common folk of X and ACI, after those shitbags knifed 80%.
In after hours trading, Cramer’s panic speech is driving shares lower. I ask: what the fuck is the point of that? He’s just interested in throwing shareholders down stairs, basically. Asshole, you missed the fucking call, 100 points ago. Don’t come on national television now and warn people it will drop another 50%. They don’t care.
To sum up this post:
I want to see Asia get drop kicked in the nuts tonight. I want to see Japanese traders take out the swords and off each other on the exchange floor. I want to see the Heng Seng go down 4,000 points tonight. And if you think I am worried about losing money; guess what: you’re fucking wrong.
“The Fly” thrives during tough times. It is my calling.
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I made this fucking call earlier today about X!!! Told you there were tons of faggots out there, Cramer being the main one. By the way Fly I want you to make bountiful gains this year so when ObamaDebo comes through to the house he can redistribute all of your shit to me. That’s my bike punk!
I don’t pay taxes.
You idiots think Obama’s tax hike will hit rich folk?
Ha!
That’s why God invented tax attorneys.
I love this market.
I hope things never return to any semblance of normalcy.
Fly but when your gains are taxed at 35% you will be paying, no way you can avoid all of them. By the way what will your investors do with their money on 35% tax? That’s what I would be worried about. Either way I am fucked I will say that but I plan on firing 10% of my workforce so fuckum, I’m winning anyway.
35% of nothing is nothing.
We are hitting the internet bubble SP500 lows, if we break that…look out; as bullish as I am, i have re-inserted hedges, just in case.
I bought a boat load of UYM at $18.00 last week; I will not sell it!
Cramer is mentally ill.
Before the Fly gets upset, let me clarify:
There will be no capital gains tax because there are no gains to tax.
Moreover, there will be no tax hike in 2009 because nobody raises taxes in a recession/depression except the Japanese.
Cramer pounding those stocks should be just what you would want. His recs have been great lately – look at NUE – kicking a$$, huh? Just to prove the point, I went ahead and bought 200 ACI @ 16.50 and 200 X @29. Let’s see where they are a month from now. Stops @ 10 & 20 on them. F!@# Cramer.
cramer panics with the absolute best of them
rabidly bullish on tech in late Feb 2000 and shit his pants at the bottom in 1998
fade him, ACI and X just their lows for this move in afterhours today
Dennis Neal is the biggest fucking retard on t.v.!! how the fuck does he still have a job..just goes to show you how stupid CNBC is for hiring such a fucktard!!
I’m looking for the most novel of “October Surprises”: a fucking rally.
Egregious as it may sound, Asia will rally big tonight. The Dow will continue to be dismembered tomorrow.
I just hate the fact Cramer is right. Just hate it. I mean how can that bald headed buffoon be right during these historic times. Boobs like him are supposed to be wrong. Life’s just not fair I guess. The guy fucks up with his market calls on a consistent basis the last 2 + yrs and gets it so fuckin correct this one critical time. It beyond amazes me…..
Fly
Wondering if you could PPT a list of stocks that stand to do well — exceptionally well in a little Bull rush type jazzercize routine.
I don’t know if the PPT is able to skew/pick/organize in such a way — but for some of your more working class fans it would be of great interest to see a list of top ten favorite stocks if we were to jazzercise our way into a little bull run.
As for goats, my uncle had goats — I can only say that this is perhaps the nastiest animal on the planet — it eats everything, I mean everything — tin cans, shoes, tires, etc — and all the while seems to pleasure itself at an alarming pace. My uncle’s comment upon viewing this disgusting animal as his ‘City slicker’ nephews looked on: ‘Boys, that’s one ungodly creature. No way to sugarcoat it.’
True story. In the meantime I’ve just now trying to locate those really thick and gay socks that women and gay men wear while jazzercizing to the likes of that Flashdance Fonda chick, etc.
On a side note — it’s gotta kill you seeing those Phillies take down the golden ring.
that was hilarious working man….. ungodly creatures indeed….
this is yhe best time since 87.anybody with money is
getting the buy smack down of the century.
china just bought 25 years from russia for a pitance.
god it’s great to have cash.
fucking buy buy buy!
Booyah:
What happened to my retirement fund all in MGM GE and SNDK and NEM/GG as a hedge???.
This is fucked! There is no such thing as investing in stocks or companies. This is just passline and prop betting…
Here’s more from the Boo-yah man:
Jim Cramer Blog
Falling Stocks No Longer Find Natural Buyers
By Jim Cramer
RealMoney.com Columnist
10/27/2008 6:17 PM EDT
URL: http://www.thestreet.com/p/rmoney/jimcramerblog/10444486.html
In many ways this was the most dispiriting session for the bulls of all of the horrendous October days. Today was the day when we said, “We were better than the rest of the world on Friday, and we rallied on Monday and shrugged off every other market’s blows.
Except we didn’t.
That sickening last half hour reminded us that all we have going on are futures buyers who disappear, not common-stock buyers who can’t be shaken out.
That was a disastrous set of programs and redemptions that will, I believe, carry over to tomorrow’s session, because I bet the hedge funds that need capital didn’t avail themselves of the rally because they are eternally hopeful.
In truth, what did happen good here today? Verizon (VZ) reported a good quarter.
That’s it.
I didn’t see anything else that I liked. I am still reeling from the decline in CNA Financial (CNA) and am stupefied by the amazing decline in the insurers away from the Loews (L) subsidiary, including Travelers (TRV) , which reported a darned good quarter.
This is, as I keep saying, an awful market, where the recession-resistant stocks are simply going down less than the others right now.
Nothing gets “taken to a bid,” meaning that nothing finds a level where there are natural buyers. Nothing.
So we bleed and bleed and we trade lower. So be it.
Random musings: Chatting with Helene at the great conference this weekend, I could not be encouraged that the charts match up with the fundamentals in some awful place. I just wish, for once, the futures weren’t in charge. I genuinely believe that it is impossible to even fathom a bottom as long as the futures, and not the valuations, are in charge.
At the time of publication, Cramer had no positions in stocks mentioned.
Booyah:
What happened to my retirement fund all in MGM GE and SNDK and NEM/GG as a hedge???.
This is fucked! There is no such thing as investing in stocks or companies. This is just passline and prop betting…The markets not down 40% this year. Take out Costco JNJ and Walmart ; I’ll bet it’s down 65%+…
P.S MY LVS is almost gone!
Can my UYG go negative?
Pssst… here’s the secret of when Jim Cramer is bullish or bearish… what happened in the last 10% move in the market. That’s all he does. If you think that is genius? Well go ahead, think that.
If we don’t close higher by the end of this week (off last Friday’s close), I’ll do Devildog’s laundry. Luckily I will win!
MR. EB, Do you want to take a bet with me to ? Preferably something that involves your wife/girlfriend.
Cramer couldn’t move the market 1% on a good day. Over-leveraged hedge hogs sell on any good news. Scapegoating assclown cramer only serves to put ointment on your bloody piles.
One bet at a time. What will Devildog do for me if I win? Hmmmm
Fucking SRS!!!! Dumbshit me, bought at 107, sold at 104 2 weeks ago because I got scared after it dropped 15 points from where I bought it in less than 24 hours. (of course, that was the last time it dropped any significant amount) Been trying to nibble at longs since, only to get my toes bitten off by the rabid chihuaha we call the Market. This game will turn a sane guy nucking futs!
Fly has done so much for us all. I say we all buy NOV and ACI at the open to help him out.
I’m still goin to short more MCO too just bc they are the worse company ever.
This is what our fucking companies should be doing… like ramming a hot iron up the short sellers ass.
FRANKFURT — Volkswagen shares nearly doubled in price on Monday as short sellers piled into the stock at any cost to sew up their positions following news that Porsche had bought up nearly all VW’s free float.
http://tinyurl.com/65mnqr
eb, you can detail my Viper my wife does my laundry. I won’t do anything for you because I will win. BTW, the market will cascade down again starting tomorrow for at least the next 8 to 13 days. Write it down bulltards. Fly, I can’t wait for your 45% gains to get totally wiped out as you hope for a rally. Hey don’t worry after zero gains comes losses. BTW, keep a compound eye on SDP as my gains compound. Odd no?
Alien vs. Predator on FX.
What has Fly done for me lately. Every three or four days he calls it different, all the while calling me and my canadian brothers faggots. His time machine is a rusty pile of machine turd. No one knows whats happening. People are eating their own body parts. Signs of the end times are all around. Wall street is a ghetto for imbeciles and Cramer bitches.
I have it on good authority that two escaped clowns from Cirque de Soleil are calling themselves Mr. Paulson and Mr. Bernanke and attempting to calm the markets. Ha Ha Ha.
Fuck a moose Canada boy.
“if we were to jazzercise our way into a little bull run”
Working Man..that is great! Very Flyesque..
Oh yeah Working Man-Here we go!!!!
http://www.youtube.com/watch?v=VGOO8ZhWFR4
Canuck:
You are just upset bc your energy dependent economy sux. Even your gay loonie or whatever you fucks call it is getting put in it’s place by our mighty dollar.
Do as Fly instructs, buy stocks and fuck a moose.
the Bull
God Dammit I’m tearing up!
were getting ready for a “Jazzercise Bull Market”
Wonder how those $40 billion in Buffett S&P put options are doing.
crookery.blogspot.com/2008/05/warren-buffetts-vega-games.html
God that video is classic….
Wait!
We can’t leave out the dancing goats!
http://www.youtube.com/watch?v=kX0WySO04pc&NR=1
Here is something sure to cheer you up. Not being the sophisticate you are, Fly, I had to look up the word poleax:
http://www.thefreedictionary.com/poleax
And right there at the top is an ad you’ll appreciate. Something that is sure to keep on selling through the Greater Depression:
“Stripper Poles – Removable & Portable
Professional dance pole for home, parties, or exercise.
http://www.poledancingusa.com”
Long $POLL
Tony Cornholer the Dennis Kneal of Monday Night Football.
another good day that i missed. >:\
can’t wait to see the cramer rerun.
market needs to go lower; the dipshits haven’t had their shitty funds jacked yet. it’s only a matter of time.
spx below dot com lows is what we need. show them we’re serious.
where is devildog? he must be loving this.
DevilDog extended his bearish call from ending tomorrow to ending in 13 days or so.
anybody like WMT here?
oy, the nikkei got the choke-slam and has started to recover pretty rapidly. impressively bizarre.
the size of the swings are truly amazing in these markets.
BA strike may be over:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVQ1bbuk1g1U&refer=home
Positive for:
EDAC
HON
PH
CR
HXL
ATI
GR
PCP
LDSH
SPR
CW
B
RTI
ESL
TDG
HEI
WGOV
CYT
BEAV
TGI
LMIA
DCO
Don’t underestimate the amount of economic weakness that has just recently resulted from the BA strike. Supplier shipments slowed beginning in early Sept. Layoffs at supplier companies started in late Sept. Ending this strike will cause a noticeable uptick in economic activity in this country.
mid-caps r 4 losers.
Cheer up Fly, the bigger the circle the bigger the waist
shake it sugar!
everybody’s got a little soul in their pants,
hot dog!
Any of you woman follow elliot wave? We’re in wave five of 1.
Elliot Wave Int. called this one early (2004) but it is playing out. The only thing for sure is that the buying opportunity of a lifetime is coming, if you have any cash left.
Keep your powder dry, bitches.
eye no stuff… who the hell is going to buy the plane?
The hits keep on coming.
Next week, the prices will be set on the CDS obligations for the 3 BK Icelandic banks.
Together, their net outstanding is substantially greater than Lehman’s.
Titans win again aka “The Fly” wins again.
Country in a recession yet football stadiums are still full despite tickets costing $100+. Odd no ?
Japan Says Yen Rise Not Due to Fundamentals
http://www.cnbc.com/id/27409233
The recent surge in the yen does not reflect Japan’s economic fundamentals, Economics Minister Kaoru Yosano said, adding that an interest rate cut by the Bank of Japan would affect neither the currency nor the economy.
Reflecting growing concern over the recent volatility in market moves, Finance Minister Shoichi Nakagawa said the government would ban from Tuesday naked stock short-selling, in which traders effectively sell stocks without first borrowing them to sell.
But Nakagawa would not comment on whether Japan will intervene in the currency market to tame further yen gains.
The yen has leapt about 20 percent on a trade-weighted basis this month as investors unwound carry trades, in which they borrowed the low-yielding yen and sold it to buy assets offering higher returns elsewhere.
On Tuesday it slipped against major currencies as some market players booked profits on the recent surge.
Government efforts to stabilize financial markets have provided little respite, with the Nikkei stock average sliding below 7,000 to hit a 26-year intraday low on Tuesday.
Yosano echoed the concern that the Group of Seven rich nations voiced on Monday that the yen’s wild swings threatened financial stability.
“The yen’s rise in the past week is astonishing, but it does not reflect Japan’s economic fundamentals. It was caused by unwinding of yen carry trades and selling by investment funds,” Yosano told a news conference after a cabinet meeting. “The G7 would take the same stance if any other currency showed such excessive moves,” he said.
On speculation about a possible rate cut by the Bank of Japan, which holds a rate-setting meeting on Friday, Yosano said any such move would not help the economy.
“It may be an important proof of international cooperation if Japan lowers rates when other central banks cut them,” Yosano said. “But when you think about the real economy, I don’t think a rate cut to 0.25 percent from 0.5 percent would suddenly reverse the flow of money or boost corporate appetite for capital spending,” he said.
The BOJ is widely expected to keep its key policy rate unchanged at 0.5 percent at Friday’s meeting and revise down its economic forecasts in a semi-annual economic and price outlook report.
Central banks around the world repeatedly pumped billions of dollars into money markets and earlier this month several of them cut interest rates in an unprecedented co-ordinated move to contain the damage from a credit rout set off by the U.S. subprime meltdown 15 months ago.
But the BOJ opted out of coordinated rate cuts by the world’s major central banks, saying that rates in Japan were already very low.
Forget that shit, Fly. Titans get cracked next week, when they play their first “real” team, the Pittsboig Steelahs.
Who will stomp Drunky Collins and Co, much to your chagrin.
Which will put the Giants back in their rightful place as “best in the league, w/out question, so fuck off Tennessee Teabaggers.”
IOW — Jake wins.
___________
Boom —
How do you say “No shit, Sherlock?” in Japanese?
_____
(Aside: That Hitler shit about “We will take Brentwood for their gas” was hilarity.)
_______
That Hitler vid has legs.
Listen to Jake. He speaks truth. The NY Giants are the best team in football right now.
One other thing about this weekend in Pittsboig, and then I’ll shut up.
Sunday morning, all hung over and shit (what can I say, half my brothers were in town?), we were stumbling around the little downtown square right off the PPG Building (looks like something out of the Emerald City, all plate glass turrets & shit?), and we found this little cafe advertising “bloody Mary breakfast.”
I knew that was for me.
The name of the place? I shit you not:
“Costanza’s
___
Nikkei up almost 300 off it’s lows tonight.
Intelesting.
______
What the fuck are you doing fly. Seriously. You’re up 45% on a shitty dangerous year and now your saying that you’re prepared to give it all away. That’s silly talk.
Fucking japs are causing this. Fucking japs say their interest rates are too low now. Fucking japs don’t realize that even zero interest rates may be too high in a deflationary environment that they’re about to experience. Fucking japs are truly stupid.
ACI is a buy here!! F**k Cramer!!
The problem is that I go to bed around 3 am my time see the market is up than wake up and the thing gets clocked 200 points.
This is redemption shit going on and the only problem is that it could continue on for a while now.
fuck the japs and their zero rates.
Buy some fucking coal stocks you fucking pikers!
I took the Titans -4.
coal is gonna get kicked inna nuts. how air you gonna gets a bailouts when ye is just a steenking mid-cap? Don’t give me that oh, they have great Q3 earnings crap either. They are the HK of coal. ::raspberry::
green is all over the place over here.
something maybe not right.
I only managed a 40% buy in on the market.
me thinks a little more distress is on the way.
every one in hk is in the market or property and
after yesterday joe average noodle eater is more than
a little paniced
viz. //roll
One nation, under the fly
Rally won’t get screwed up tomorrow. Yen is going down – carry trade unwind is over temporarily. Ms. “Fukio” Fukura is not getting margin calls anymore, so she is not unwinding, sending emerging market assets down by selling them, which cause Joe “Dickhead” Hedge Fund and Nigel “EuroDickhead” fund managers to liquidate everyday late in the day because they’re long what Fukio is selling.
Markets go up tomorrow – probably big. Selling is exhausted for now.
Fly, I apologize for my hurtful comments earlier, it looks like I am going to make a wad of cash tomorrow. Even better, the money I make will come from DEVILDOGs iETFs.
holy fuck I’m making a shit load of money.
thank you god. thank you balls and 87
Fly your next on open, enjoy the wealth.
October’s over… a few $trillion worth of cavalry are saddling up…the current amount of sidelined cash exceeds the market value of the planet…
Is the DAX up over 10% or is my screen price incorrect? Wow
Yahoo! The Fly wins again!! Devil Dog and canuck visionary are fucked! I feel a “Fuck you, Shorts. You’re dead!” message from The Fly is in order.
The Fly is God.
maybe this is to easy or its just I’m to old.
I love the money but this realy seams to cavalier.
Bring on the whipsaws – yen is falling as traders attempt to get out of “irresponsibly speculative” risk-aversion trades and get back into yen carry trades before it’s too late.. 😉
Dog
Sorry dude, but it looks like you have to cover today. No ifs no buts, you’re out for the count. It’s not a knockout per se. The market just won on points. Good show dude.
Now get that leveraged position off the table right now!
If I was up 45% I would take the rest of the year off. That’s a good year’s work. (But since I have never been up 45% I really don’t know if I would do that – but think I would.)
I smell Victory this morning.
I want to hear Fly say if he’s going to reestablish downside hedges on this pop, or just sit and gloat, possibly through year-end… I could put up with that…
ya j like nobodies right I
may be chinese but I”m not stupid
Someone call DEVILDOG on ship to shore radio and tell him his sailboat named “185% Short” is about to hit an iceberg.
A perfect time to remind everyone what FuckTard, DevilDog said 7 hours ago:
“the market will cascade down again starting tomorrow for at least the next 8 to 13 days. Write it down bulltards. Fly, I can’t wait for your 45% gains to get totally wiped out as you hope for a rally” ~ DevilDog
Good Traders (like me) will always make more coin than PermaIdiots, like the fuckface quoted above.
Final weighty prediction: Re: “I will never forgive myself for today’s trading miscues” – I predict Fly will forgive himself today, amdidst generalized declarations of omniscience etc. etc.
“Jazzercise Baby Jazzercise”
DevilDog – What’s the fundamental story to be short utilities here?
Change the umpire crew for the Series. Even Buck and McCarver are questioning the balls and strikes calling.
may be chinese but I”m not stupid
But your three wives thought you were, right?
Holy deutschmarx Batmonger, the DAX is up over 9%!
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