There is no sense to be made of this tape.
China’s stimulus package has to ding treasuries, but it didn’t.
Commodity stocks should have run hard, but they didn’t.
U.S. bank stocks diverged from foreign banks, in a big way.
Intra-day, the market collapsed from the highs, yet [[EEV]] and [[FXP]] closed near the lows. Stocks like Petrohawk Energy Corporation [[HK]] remain stubborn, bucking the trend higher.
All in all, this market is out to bankrupt people, in disorderly, rapid fashion.
[[SRS]] , [[REW]] and [[SKF]] shot higher, but Asian stocks were strong!?!
What the fuck am I missing here?
My guess: Asia gets the mud kicked out of it tonight, effectively enriching [[FXP]] shareholders tomorrow.
Also, either way you want to slice it, reversing so hard off the highs is dreadful. On one hand, banks are severely oversold. However, on the other, commodity related names are too high.
Something has to give. Either way, I am sure it will be painful and entirely idiotic.
Top picks: short Petrohawk Energy Corporation [[HK]] , [[REW]] , [[FXP]] , [[EEV]]
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So now we want to short REW and FXP?
You might be onto something there, my dear Holmes.
________
The sellers’ pimp hand is strong.
I’m glad you’re confused because I have no clue wtf is going on here.
Douchebag Bob Pisani…”ohhh, i usually get invited to 15-17 parties by now….”
Asshole…
Don’t even get me started on FXP…I went to take a piss, FXP was down only 3%, then all the sudden down 9%! WTF!?
Maybe you should do what I do when the trading day begins, I hook myself up to a catheter then I never need bathroom breaks.
Bull,
Please no more “word pictures.”
WTF happened to FXP? That POS ETF is closing in on all time lows. I am in it today, and expect a rally from here. But come on… Today was brutal and made absolutely no sense.
They are acting as though China is gonna decouple and basically go it alone. Producer and consumer all inside. I believe that is their end-game plan. Although I can’t believe that FXP got hammered so badly today.
Asian markets better get royally fucked tonight, or this FXP ETF is about to crumble.
China is queer.
Sorry Anton.
Just trying to help out a fellow trader.
To quote a not so famous internet philosopher, “My head asplode!”
Fly’s FXP call is starting to look a lot like SMN circa March-April 2008. He bought furiously in the $50s and then in the $40s and down into the $30s. ‘This is egregious’ he declared in boisterous fashion and continued to buy till he finally blew out of SMN in the $20s in May. Fast forward 6 months and SMN is $75 with a recent high north of $110.
Me thinks FXP will meet a similar fate to SMN in the short run perhaps a drop into the high $40s before we see $150+ 6 months from now.
Don’t worry bulltards I’m predicting a new bull market rally starting tomorrow inspired by a major infrastructure program in Zimbabwe funded by a new paulson TARP.. BOOYAH BABY!!!
In the spirit of NBC-Universal’s upcoming “Green Routine” push, my green routine is to piss in the water supply headed for California, so that the pharmaceuticals and/or vitamins I’m excreting get recycled into Californians, thus reducing our need to rape the earth for essential vitamins and minerals.
Go suck your own cock.
CHINESE FUN via FMCN!!!!
Bonzai!!!
Sorry, wrong language.
Why does a dog lick it’s cock?
Because it can.
Fly,
It is smoke in mirrors
China Stimuli Package = only USD$150B of new money the other ~USD$450 was already in the works and announced previously
$150B over the announced time period is only 6% of Chinese GDP
USD$600B also happens to be the amount of Treasuries purchased every year purchased by China
My concern…FXP’s correlation with the Shanghai index…something smells rotten
The Chinissssss can’t go it alone.
What are they going to use for energy?
Uigurs and Tibetans????
????
Oh wait-
………..
Ohhhhhhhhhhhhhhhhhhhhhhh….
Brits stealing more food:
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3417816/Shoplifiting-for-food-soars-as-recession-looms.html
You don’t need a time machine in fascist amerikkka, you need hank paulson’s phone #.
Thunderpup:
Don’t forget the Walmart Theft Index:
http://blogs.nashvillescene.com/pitw/2008/10/the_walmart_theft_index_how_to.php
That tape was gayer than DevilDog starring in a High School Musical 4.
Can I buy calls on the theft index??
The New York Yankees were supposed to win the AL title, but they didn’t.
I was supposed to be Tiger Woods caddy, but I didn’t.
Focus , daniel son!
FMCN
Last: 12.07 Change: -4.02 (-24.98%)
LONG FXP! EEV!
I was supposed to get rich over this collapse, but I didn’t.
I second the prior poster’s endorsement of Karen Tso.
Can we trade Becky and Erin for Karen? Even up.
Karen Tso looks stunning in black – was I right or what? She needs a theft index on her stimulus package.
Zen:
http://www.youtube.com/watch?v=Mfwth3MFuKY
Don’t worry I just read in the FTATPJ(FUCK THE AMERICAN TAX PAYER JOURNAL)that hanky panky said he was going to congress tomorrow at the request of bushy to support our Iraq allies by requesting a new TARP to fund leg of lamb for all Brits for a period of 5 years. The interest will be libor minus libor. Cheers mates! Recommendation: Buy lamb futures. Also, buy potatoes, celery, onions and carrot futures for a proper stew. BAHHHHHHHHHHHHHHH!!! Remember, there’s a bull(shit) market somewhere. BOOYAH!!!
What are you freaking kidding me?
_______
Grip Like A Vice – http://www.youtube.com/watch?v=JvIRY4vccts
lol, Jake. You do have a knack for finding all the weirdos out there. People in Topeka need to find better things to do with their time.
Wonder what flavor the Obama Cake will be. Chicken McNuggety?
Thunderpup, unfuckinbelievable. Only in America.
Yes, plans for world domination are being drawn up at a McDonalds in Kansas.
Please alert the 2 right-wing blogs that haven’t yet picked up on the article. When the real plans for world domination are drawn up in a KFC in Pennsylvania, we want everyone looking the other way.
My super secret interweb insider source says w/certainty the cake will be paid for with stolen U.N. orphan relief funds and the frosting will be Mr. Pibb-flavored.
More outrageous outrages to come!!!
Diet Mr Pibb is what I heard. I’m calling my Senator to protest.
You have got to be kidding me!!!
I am OUTraged, Sir!
Going long Obama Adulation Warrants. We’re nowhere close to Peak Obama yet.
Karen Tso says “Bear-ick Orbumma”
My Senator is a Dem!!! And JEWISH!!! And a widely known imbiber of so-called “die”-et softdrinks!!!
A phone call to her will only let the Fifth-Columnist “fellow traveller” (sic) Manchurian Candidate-supporters know that we’re on to them!!!
Best to only communicate by “squirrel messenger” now, (trained to seek out “Real Americans”) as Al Gore monitors all communication on his interwebs.
Stay outraged!!!
Americans),
Edit!!!
Cigur vs. Bourne, who wins?
justinscott.blogspot.com/2007/12/i-dont-ever-wanna-feel-like-i-did-that.html
WTF??
Ottnot thinks an article about a bunch of Obama cultists trying to make “Dear Leader’s” b-day a holiday is about a plan for world domination?
I knew reading comprehension was at the root of much of this.
Literacy Now!
____
That was funny, Tpup.
Anton, this had to hurt:
Chigurh makes the Unabomber look like a fashion-maven
Jake, in your own words: a bunch of Obama cultists trying to make “Dear Leader’s” b-day a holiday is about a plan for world domination
Don’t deny them.
This stock market thing is really bothering me. I propose we take all stocks to zewro and use the proceeds to fix global warming!
We’ll be sure to place a transaction tax on ourselves before we do so we can use the proceeds for solar powered electric chairs!
Change we need fuckfaces!
Easy. My buddy Bourne and me get Aquaman and the Hulk to off each other with air hammers and plastique, essentially faking our own deaths. Then we meet up with the Bond girls out on Branson’s Necker Island (the new Bond isn’t really “into” the ladies; not that there’s anything wrong with that) along with Ironman Downey, Jr. and some of his pre-rehab stash. Then lay low and wait for our sequels.
Good trick question, tho, Thunder.
Stay outtraged.
For Obama Day, I gave my girlfriend a sexy outfit from Vic’s. I told her to change into it because that’s “The Change We Need”. I’m still waiting for “Yes We Can”. 🙁
“Chigurh makes the Unabomber look like a fashion-maven”
Like I would be “caught dead” in a hoody, Ott.
Totally messes the coif.
Ooop, missed that. Anton had to jump in front of the taxi for Dear Leader as well.
But hey, this “anyone not joining in with the mandatory Obama hymnals must also be anti-Semitic as well as racist?”
Now that’s a creative twist.
“It’s a fair cop.”
__
Jakegint Says:
WTF??
Ottnot thinks an article about a bunch of Obama cultists trying to make “Dear Leader’s” b-day a holiday is about a plan for world domination?
I knew reading comprehension was at the root of much of this.
Literacy Now!
—-
hilarious
Bourne definitely wins.
Less cumbersome weapons, for one thing.
You gotta admire how Chigur didn’t seem to care about who saw him do what, though.
_____
“Ooop, missed that. Anton had to jump in front of the taxi for Dear Leader as well.But hey, this “anyone not joining in with the mandatory Obama hymnals must also be anti-Semitic as well as racist?”Now that’s a creative twist.
“It’s a fair cop.””
Taxi jumping allegations!!! Insane racism and anti-Semitism allegations!!! High hyperbole!!! Lack of reading comprehension!!! Your post has it all, Sir, right down to the crazy-pill frosting!!!
Way to stay outraged, Jake!!!
Less cumbersome weapons, for one thing.
That’s true. Karen Tso (naked, on the back of my horse, after financial apocalypse) could easily take out Anton’s air tank with my SR-25 from 800 yards while riding up the beach of Necker Island.
I’m off for Monday fun.
CUT OUT THE POLITICS!!!!!!!!!!!
Hey Anton, I found some !!!!!!!!!!!!!!!!!!!!!!!!!!!! on the ground. I thought they were yours, but now I’m wonering if they belong to The Fly.
Dog
I was asleep. stop waking me up by screaming if the market prints red by 70 points, you jerk.
You’re so needy of attention these days.
I’m also wonering when the edit function will return.
Thunder,
She’s got better weapons than that already.
Jake,
You know I’m just kidding, yes?
Going to see John Hodgman from the Daily Show and the Mac commercials tonight. I’ll ask about O’Day.
Wonering the same thing.
Thunder,
She’s got better weapons than that already.
Yes, but they’ll be compressed against my skin as she pulls the trigger between heartbeats like I taught her.
Bourne’s CIA training can’t possibly stand up against what Anton learned during his stint with The Monkees:
http://www.ndp-music.biz/midi/catalog/images/monkees.jpg
ant’s
You’re very animated this evening.
I see you spent quite some time fantasi… er, I mean, carefully planning for your “special date.”
Bravo, Sir.
She will be mine!
Monkees – that is some funny shit.
Oh, hi, j.
Quick question: When you leave the US and return “down under,” does your career swirl down the toilet COUNTER-clockwise?
Ott: Good times…
My Senator is a Dem!!! And JEWISH!!! And a widely known imbiber of so-called “die”-et softdrinks!!!
Quoting, here, Anton.
???
I guess if you exaggerate my response into “outraged” you can at least own up to how tiresome the “bigotry” knee jerking has become.
But who knows? Maybe it’ll serve as an effective shield for the full four years.
You guys can always hope.
___
______
That’s true. Karen Tso (naked, on the back of my horse, after financial apocalypse) could easily take out Anton’s air tank with my SR-25 from 800 yards while riding up the beach of Necker Island.
Yes! I can see it!
Roy Scheider style!
(“Die, you son of aaaaahhh Ka-boooom!!”)
_____
FED goes to zero……before Jan 1 09
Jesus, Jake. Feel better soon.
Give me four years…
____
And a bottle of crazy pills…
BTW — don’t take the Roy Scheider scene to heart. I wasn’t referencing YOU, the “iBC Anton” — but rather the character, as mentioned in our “match of the titans” thread.
Sorry for the misunderstanding.
___
What do I need crazy pills for?
I’m already crazy.
_____
http://www.alexross.com/82877-big.jpg
Quick question: When you leave the US and return “down under,” does your career swirl down the toilet COUNTER-clockwise?
Ants, who are you channeling these days?
Roy Scheider style!
Naw, definitely old-school Heston style:
http://www.ipadrblog.com/uploads/image/planet_of_the_apes_ending_2.jpg
Jake,
Not at all. Was referring to earlier stuff.
It is not possible to gauge how some of this stuff “goes over,” even when humorously intended. You obviously have real concerns. Trying to good-naturedly (sic) joke around with you isn’t having the intended effect. So I’m done.
I think you know I go airgun with anyone who hands me a petition for such a day anyway, yes?
Channeling the stingray that offed Steve Irwin, j.
Stop ducking the question.
FMCN: done
Ants:
I love NYC, I had leave as wifey wanted to come back home and was going without me.
And yes there is life after NYC. Look at my old friend and my one time trading assistant (true story) who’s now become the first elected conservative of the new crop. John Key the NZ PM.
Your wife had the right idea.
So glad things worked out for your former colleague.
Change of subject.
One man beats the Green Bay Packers:
http://www.youtube.com/watch?v=TxG3bMgshws
Nice, Donny. That’s the second time you’ve posted AP highlights. You from OK or MN or is AP on your Fantasy Team?
FMCN is trash but can’t be that huge a % of FXP or FXI
Fly doesn’t want us talking politics, so the only thing left is to rag on his Nash Vegas Titties, and list reasons why they will never be “the best team in football,” no matter what their record in a weak scheduled AFC may be.
Reason #1 we’ve already gone over. Their QB is a guy the Giants kicked to the curb some seven years ago. Drunky Collins, who will someday show you his “Curse” — that latent alchy’s tendency to throw off his back foot in a panic, and knife your liver with the worst possible INT at the worst possible time.
Bank on it, it’s coming.
_________
Reason #2 is pictured, following. Even though the Titties have Vince Young (despite his hurt feewings), they will never have a running back that looks like THIS.
I mean, are you fucking kidding me? That’s a defensive lineman, right?
_______
Zombie-
Part of my youth was in Oklahoma. Most of my family still lives there. Peterson is on my fantasy league. He’s a fuckin’ freak show, isn’t he? On a talent basis, there aren’t very many that have had more talent than him.
Donny, that was a great day but his knee was down.
Not sure what the Pack was whining about, though, as he only would’ve scored on the next carry.
____
look at the put volume on EEM today. Why the fuk is the stock flat.
Indeed he is, Donny. I hope he stays healthy and eventually catches Emmitt. Congrats on AP.
Don’t think FMCN is a FXI holding
Forgot to put the link in
http://us.ishares.com/product_info/fund/holdings/FXI.htm?periodCd=d
j & GENERATIONAL Bottom, please tell me how BIG the new bull market rally will be tomorrow. TIA.
Devildog is right. Sell everything you have tomorrow at the open if you are going to need the money in the next 400 years.
Devildog, at a GENERATIONAL BOTTOM you do not worry about one fuckin’ day’s up or down.
When a stock is going to move to 60 over the
next two years, it doesn’t make any fuckin’ difference if you pay 27 or 29.
You just GO LONG, STAY LONG AND FUCK TOMORROW!
When you get your double THEN you sell!
Get ready for inflation mother fuckers.
I would buy any weekness in Oil and Gold and related stocks right now. If there is another washout in this sector you should load the boat. That means being 50% net long Commodity stocks. These fuckers have enough beta for 2 portfoilios.
agree/disagree ?
Shroomz.
Agreeeeed.
XLE
OIH
XAU
(and the components within)
____
j & GENERATIONAL Bottom, please tell me how BIG the new bull market rally will be tomorrow. TIA.
Dunno, Dog. I’m not like you and try to predict a crash every day it prints red.
But here’s my prediction. the market will be higher on Nov 19 than it is today, which is the day you have picked for another new low.
Oh Dog,
how has the 20% rally worked out for you, tiger.
J — what was that?
Did you just send us a message from the future?
_____
GENERATIONAL Bottom, I guess you’ll be selling at around 13 – 14 then.