The rally is boring. I thought today’s rally would be so fantastic, so severe, that I’d be throwing guns at my trader/servant this morning. Instead, I find myself mocking this rally, while eating a very large bowl of oatmeal.
All of the usual suspects are up (commodities, Chinese fuckers). However, I decided to do nothing. If the rally holds, I might step in and buy some [[UYM]] or Potash Corp./Saskatchewan (USA) [[POT]] . Basically, I find myself conflicted between hating the stocks that are gapping higher and understanding the power of the Thanksgiving rally. Barring seasonality, I would not even be thinking about buying stocks, period.
Bottom line: there may be more upside in the inverse etf’s down here, than fucking around with the fucktarded upside ones.
UPDATE: I am selling BE Aerospace, Inc. [[BEAV]], over $11 and American Vanguard Corp. [[AVD]] over $12.
UPDATE II: I bought 10,000 [[FXP]] , under $70.
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This shit is just impossible to trade.
Uncle.
FXP may be good trading cause it runs like a horse on coke, but its performance sucks.
Chinese stimulus (bailout) is an act of fucking desperation. China is fucked … Period!
I just had to buy some FXP down at these levels…$66 bucks!!! What the fuck!? Wasnt this at $200 a few weeks ago?
Bow tie Jim has declared:
America is bankrupt. American government bonds are extremely overvalued. “The world’s last bubble.” America is in debt for over 13.000 billion (13 trillion) dollar and adds a 1.000 billion dollar debt each year. According to Rogers this can not continue for long. Therefore, he went short in long-term US government bonds. “These bonds have peaked.” By the way: Rogers owns Dutch government bonds. “They are safe.”
http://www.allthingsjimrogers.com/2008/11/05/jim-rogers-america-is-bankrupt-english-version/
Jimmy is The Man!
What’s the ticker to short some gov. bonds?
Agreed boring. Covered BBBY short.
Jimmy Buffett must be pissed off in his Goldman Sachs investment.
4fl3x —
How about TLT:
http://www.marketoracle.co.uk/Article6794.html
Thank oils again for holding this market up. The rallies we had lately have been led by the oils. The NASDAQ rally is a head fake.
tbt
“Not a Dumfuk” Long Term $300K Portfolio
Index Equity 20% $60K SPY 639 sh @ 93.86
Beaten-Down Long Equities $60K $10K each
ACI 555 sh 18.03 $10K
MOS 274 sh 36.49 $10K
TIE 1136 sh 8.80 $10K
TSO 1032 sh 9.69 $10K
VLO 519 sh 19.24 $10K
X 297 Sh 33.68 $10K
High Dividend Bargains $60K $20K each
AA 1787 sh 11.19 $20K
ED 475 sh 42.13 $20K
PFE 1186 sh 16.86 $20K
Precious Metals 10% $30K
AUY 2114 sh 4.73 $10K
HL 5952 sh 1.68 $10K
MIDSX 6024 sh 1.66 $10K
Cash to deploy if Dow drops below 7500
30% = $90,000
Print this out, Dumfuk short sellers
and foolish traders at a GENERATIONAL BOTTOM.
If you go with this portfolio you will DOUBLE YOUR MONEY within 2 years. I will update the
value of this portfolio here occasionally.
i bought some FXP Dec 80 calls @ 12.50. we’ll see.
Rogers is an idiot:
Oil
Rogers: “Whether oil costs 45 or 145 dollars, it doesn’t really matter. What does matter is that with oil, like with many other commodities, supply is decreasing while demand is increasing. In the long run this will result in a considerable increase in prices.”
“The question is not if the price of a barrel of oil will increase again, but how expensive a barrel of oil will be eventually?”
How can he get away with saying shit like that.
Thanks Master Fly and ZenProfit.
What’s the ticker to short some gov. bonds?
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TBT is your best bet. No need to short.
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Why is GS so fucked? Down another 9%? BS – they will find a way to not report a loss. Are you kidding, it’s Goldman! Ridiculous.
FXP may be good trading cause it runs like a horse on coke.
D’joo ever see the movie Lucky Number Slevin?.
Starts off with an FXP horse type deal. Fixed race, of course. Coked out horse dies before the finish, unfortunately.
Good movie, btw.
Lucy Lui is extremely hott.
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No volume today… it’s like a third-tier market or something.
-DT
Jake
is there Lehman risk in there?
Rogers is exactly correct on oil, you just have to have his timeframe. He’s also correct on bonds. BTW, when both Fly and Rogers (who I believe Fly describes as an elderly bow-tied fucktard, more or less) agree on any trade (i.e. long TBT), I assign it 100% probability of success.
Dumfuk, etc:
Are you sure you’re not Chivas? 😉
I like it all except your ugly silver pick. SLW and it’s sister GG are my preferred there.
Also, RGLD for serious Lotto action.
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How can he get away with saying shit like that?
I’m guessing he looked at a fib chart on $WTIC.
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hey hey , my my, me thinks flys BEAV pick stinks
Jake — is there Lehman risk in there?
No, it’s just the brand name of the index. Good as “Buggywhip Co. Index” these days, I guess.
Maybe they’ll change it to Barclays, eventually?
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j Says:
NOT one monetary aggregate has turned down. In fact the monetary base is at a 90 degree angle.
So how is there going to be deflation when M1, M2, M3 and the monetary base are all up with the monetary base big time.
Where’s the money going dog? How the fuck is there going to be deflation when the aggregates are all pointing up, you foolish foolish canine.
November 10th, 2008 at 9:17 am
j, you really are dumber than dirt. All the fake money is going into black holes called AIG, CDS & CDO never to be seen again along with current and future American sheepeople, taxpayers. BTW, S&P is going much, much lower. Hope you stay long like the ignorant aussie dumb fuck you are. Now go back to your kangaroo cock sucking.
Hey, Bottom, why don’t you join him you stupid old fuck.
this fade will be all the better for thursdays clown rapage of anything ursine, ie – the DevilDog .. even better if we sell off into wednesday
small fry: i heard from a friend on a desk that GS got butchered in the VW fiasco. regardless of the validity of the rumor, you know how it goes with rumors and selling. he told me they were looking at a loss of a few billion. seems absurd to me, since GS usually manages risk decently well, but i guess you can never really know.
I’m ready to throw in the towel on this dummas market and go back to snatching pickinic [sic] baskets from unsuspecting tourists.
juice, kangaroo cocks for you too.
aris, GS is a POS. The idiots there are dumber than dirt and are the “dumbest guys in the room” especially dirtbag paulson that created this fraud in the first place. Hopefully, paulson will be assassinated.
Dog:
Yes dog, we’re going to crash. I heard it already, Mr. 157.35 IQ.
Cleaning out of longs here.
Hopefully, paulson will be assassinated.
Charming. You know you could get 20 years for saying shit like about a government official, you fool.
Can you smell that smell
It’s the smell of GS and this rally burning
BTW, I bought 2000 FXP @ $65.
Rogers is 66 – what is he doing? His “timeframe” cannot be too long. All these old gurus are getting creamed here – Kerkorian just dropped out of Delta Petroleum – another bust for him. I beleive we can be oscillating here for many months with danger of another leg down – hey, this is unprecedented stuff. We just had 2 5% days down which has not happened since 1987 and GM – once the world’s largest corp. is falling apart along with Ford and Chrysler – yeah, it looks like a bull market just ahead.
Jake,
not me, but it mirrors a portion of my holdings and thinking.
j, why don;t you report me asshole. BTW, they can’t do shit unless I said I wanted to do it…which I don’t. I just want to read about it.
paulson and cox should be prosecuted
Everyones buying FXP and here I sit with FXI. It always seems to happen like this. You guys are mean.
SRS is the tell today.
http://www.youtube.com/watch?v=Cl-beMYQ-K0
Loading up on EEV here. This rally sucked and is now over.
for tells, in addition to SRS, you can add GS & GOOG
Oil prices fading but Nat gas up nicely. what’s up with that?
Cold weather forecasts?
Yep, Slevin is a great movie.
Paulson may be a dirtbag, but he is obviously not stupid. How else could you help pull off all this crap and still end up where he is. He has probably already TARPed himself a few billion. I’m sure in the end he will not get what he deserves, like almost everyone else involved.
I’m done giving a shit about that, all I want to know is how to profit…or at least recover some of my wasted tax dollars.
Oh and of course I bought a little more FXP this morning after having stepping out Friday afternoon and having my sack ripped off.
My last post if anyone gives a damn.
bill, you’re right that’s what I meant…prosecuted and then sentenced to death for treason against the People of the United States and for exercising illegal acts against the Constitutional Law. I’d be happy to go to court and start the ball rolling and get this out to the public for a ruling.
Don’t do it BeWater!!!
hey j and Bottom, how’s that market going much higher working out for you or are you both too busy sucking kangaroo cock to notice? Morons.
The “outIdiot” indicator indicates a high probability for a monster upside swing.
As you know, the indicator is triggered positive by high frequency posting by Devildog regarding the end of the world.
Dog:
In your kennel please now that you’re tying to promote the murder of government officials to help your position.
If there’s a knock on the door, dog, don’t be worried. It’s only the FBI coming around to talk to you.
Donny sells FXP for 71.80. That was a quick 7 1/2%.
Thank you Goldman. I going to call amex and book a trip to Hawaii for next week for me and the wife. It pays to be a bear.
j, sounds like your losing your ass. As far as helping my positions, it actually would have the opposite effect.
Interesting. Morning gaps filled on most of my screens. Let’s see what happend.
TSO looking “jaunty.”
WNR as well. Remember that one, Fly?
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You want to see a “tell?”
Take a look at the 10 year chart of the $TRAN (as in “Dow Transports” as in “Dow Theory”), and draw your fib chart from the March 10, 2003 low to the July 23, 2007 high (yes, there was a spike higher in May of ’08, but it was de minimus)…
Do you see something interesting that happened on October 28th of this year?
Transports lead.
Watch also UPS. That’s a personal “tell” I’ve spoken of before.
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