You fuckers are always wrong. Never question Senor Tropicana and his time machining ways. While you jumped into the waters, covered in tuna chum, “The Fly” muscled up (he’s been know to do that) and bought more [[EEV]] , [[FXP]] and shorted some Transocean Inc. [[RIG]] .
On the other hand, I also bought some more National-Oilwell Varco, Inc. [[NOV]] , out of sheer reflex to the market rally, which was false.
At the end of the day, my brain is “mountains bigger” than yours. My trading skills are unparalleled. My market calls are made from pure gold.
Which reminds me: gold is a piece of shit. Sell it whenever you get the chance. And, stop buying gold coins you fucking idiots. You’re better off buying baseball cards or other useless collectibles.
During today’s tape, I started to lever up. I used the “M” word. I know what you goat fuckers are thinking: “Oh, God, please do not say MARGIN. Run for dear life. On the eyes on my first born, not MARGIN. Anything but MARGIN.”
Yes, young plebs. Margin can be very effective when used to hedge. It’s not like I am using it to bulk up on [[UYG]] . That would just be stupid.
At the close, I will be 65% long, 50% short with -15% in cash. My inverses far outstripped my longs, giving me an +2.8% day. Go figure.
Off to drink some rich mans whiskey.
UPDATE: Closed the day +2.12%
Well played fucker.
This shit was more fun buying DIVX, and Playing Chinese lotto.
Fly keep bowling on these fuckers..have a great weekend and thanks for what you do.
Zombie is God!
today fly wins. atilla loses. other’s chicken. any predictions for next week?
Never fuck with “The Fly”
Great short call at the highs of the day.
I’ve got a mint Marv Thornberry, I’ll trade it for an American Eagle, anyone?
Fly,
Thanks for the Pic!!!
Well done, sir…IQ face-off?
So, my buddy got a 79, does that mean hes literally a retard?
Never fuck with “The Fly”
(Eric Idle Monty Python voice)
‘Ats not so much of a prediction as i’ is ah epigram, is it?
________
Thanks, Fly
I read your earlier “hedge post”, thought we were going to rally into the close today.
Deep down inside, the sage words of The Fly caused me to hedge at the highs of the afternoon rally.
Now I hope we gap down on Monday.
I still see a rally between now and Thankgiving…..glub glub glub….bah-GoCK
Arv Hovnanian is a douchebag.
I just felt like saying that.
Nice shark. i hate sharks.
Medium term market prediction:
By applying fractal theory and expanding the fractal patterns of the past 2 days to a 2-quarter period, I’ve determined that the Dow will trade in a range from -16,000 to +34,000 over the next 2 quarters.
I’m going long at -13,333 to make sure I catch the upswing.
Before I go, I’d like an update on my enemy, TIM.
Thanks.
jeff immelt is an asshole-yes jeff you have opportunity to take ge under.
Tim the Enchanter? He looks bullish to me.
http://www.virginmedia.com/microsites/movies/slideshow/top-ten-movie-wizards/img_2.jpg
jeff immelt is an asshole-yes jeff you have opportunity to take ge under.now get the job done.
SOME call meeeee…..
Tim?
Fly. is PPT available on a lay-a-way plan?
Fly,
You nailed that close. How doth youeth knoweth sucheth things?
http://www.youtube.com/watch?v=6UeCRY1wciA
I think Fly called it because the market is psycho and Fly thinks in those terms.
Nobody in their right mind would ever make a good trader.
TIM update
http://www.youtube.com/watch?v=BBQh8Glcr80
The second act of the Greek (now US) Tragedy is about to begin. Wars, plagues, global cooling, violent women and of course FLY schizoing around dust busting all the nickels he can find. I am getting some popcorn and a hard hat.
That was one horny bear.
Im long 1970 Black Sabbath and some puke Bush beer. That will teach me to trade UYG
I am currently deep underwater with my UYG @ $8.75, so what’s a good Captain to do.
YA stick the bow in the wind, batten down the hatches and hold on for dear life. The swells are tall, currents uncharted, white caps 360 deg’s around me. Im not worried my ship she is strong my courage undaunted my crew battle tested. I dare mother market to deny my voyage.
FUCK FUCK FUCK
BBBBBAAAAAAAAAHHHHHHHHHHHHH!!!!!!!!!!!!!!!!
UYG = U nless Y our G ay
DONT BUY THIS DEATH TRAP.
MOOOOOOOOOOOOOOOO!
Thats OK because G-007 meeting members aka G- witless clowns that know nothing about economics will set up some, world wide encompassing, IMF oversited, Shit silo to dump troubled assets.
Barry Suarto will change contract law, rewrite bankruptcy script, hand me a 50k jerk-off check.
Blaaaaaaaaaa
Tim Knight says
75 longs 75 shorts DBA long OIH long since yesterday, looking at Gold/silver long.
Gold is for morons.
Top ranked ETF’s, via PPT:
No. Ticker Acc/Dist Price Perf. Rel. Strength Volatility Volume Final Score
1 DTO 5 5 5 5 3 4.6
2 RWM 5 4 4 3 4 4.2
3 SHM 5 4 4 1 3 3.9
4 PLW 3 4 4 1 5 3.8
5 IEF 5 4 5 1 1 3.75
6 IEI 5 4 5 1 1 3.75
7 SSG 5 5 3 5 1 3.7
8 REW 5 4 4 5 1 3.7
9 DEE 3 5 5 4 1 3.65
10 PSQ 3 4 4 3 3 3.5
I’m out.
strike out OIH, long term SDL long
The G-20 has just announced that they are buying $400T and Y1,500T of CDS, which will be used to insure the entire world against default. Sleep tight booger bulls.
Jake,
This BS market calls for a trip to Huntsville state park saturday. I can fish bass and regroup and smell gods good air.
http://www.stateparks.com/huntsville.html
Raining Blood – http://www.youtube.com/watch?v=CUDWLp1yIWw
The LEH treasury indexes survived the downfall of LEH? Everyone was wondering what they were going to use as a reference when they went under. Even the stupidest banks have decent aspects I guess.
At just before 3, I decided to call it a day and take the resident canine to the canine park. On the way back, I turned on Bloomberg Radio, heard we closed on the lows & thought of Señor Tropicana’s prescient EOD prediction .. nice call & nice hedging, Mr. The Fly!
I also received an email from my emotional contrarian friend. I am not sure its the buy signal I have been looking for from him, but it may be.
He forwarded this armageddon link. http://www.infowars.com/?p=5938
Since when does he read this shit?
We must be very close to a decent rally.
Fucking Cramer is dangerous. Calling for DOW 6000 and shit. They should not let this clown on TV here.
Anybody got a spare human leg to sell?
Barry Suarto will change contract law, rewrite bankruptcy script, hand me a 50k jerk-off check.
Didn’t he make the final 9 in the WSOP this year?
_____
Needle —
Are you a Texan as well? Did you use to have a different name?
Shitload of Texans on this site…
Huntsville’s where they snuff the bad guys, no?
Been in Huntsville, Alabammy (NASA is there), but not Tejas.
_______
Bruce —
Someone posted that guy’s interview on Fox Bidness the other day.
His appearance on the teevee (smiling like a fucking ghoul, I might add) along with your friend’s panic, has got to be the sign of a near term bottom.
BTW — I did the same thing as you. I left for a 3 pm meetting with the market goose stepping, and came back standing in goose schit.
_________
okie uncle sez only queers and steers come from texas. LOL
Scum, what’s your excuse, then?
Pay attention, dimwit, the “Gints” do not play in Dallas.
__________
Speaking of which the Ravens-Giants game this weekend should be a watcher for Olde School football connaisseurs.
The number one run defense vs. the number one run offense.
May the team with the Biggest Jake win.
_____
Some advice for the weekend from a wise man:
The market is oversold on a historic basis right now. Does it make more sense to short into something like that and hope to catch a little more downside? If you do manage to score a winning trade when does one exit?
We’ve already seen one 900 point rally. When the bottom does occur the shorts will likely get destroyed quickly unless they timed the bottom exactly.
I know it seems that from time to time a particular anaylst has got the market figured out. Trust me they don’t. There will come a time when Mr. Hewiston’s TA will lead to one losing trade after another. No doubt about it.
That’s just how the markets work. There is no holy grail of investing. Never forget that when you start to believe that someone “has the market wired.”
Be careful out there!
+_______
Jake: Maybe all we need now are the “The Great Depression II” headlines on newspapers or magazines to set off a decent rally.
I do think we get going next week after a Monday drop.
Have a good weekend. Off to the local pub.
Hey Jakey, we can kiss and make up after you apologize for being wrong yesterday. ;*)
Man, who predicted Nokia, Citigroup, and Circuit City would implode? Oh right. I did: http://www.earningsbreakout.com/2008/10/31/watch-list/
At the end of the day, my brain is “mountains bigger” than yours. My trading skills are unparalleled. My market calls are made from pure gold.
begs the question then….WTF bother with this blog then? altruism? love of your fellow man? Money?
New to this site. You are a bad-ass, Fly. Love the way you write. Would love to have the balls to follow your trades. Keep typing.
If there is any justice in this world, the HHoCBFIBCC (homo-hammer of certain banning from ibc commentary) will visit Mr. EB tonight and impregnate him with it’s filthy spawn, causing him to give simultaneous birth to 85 stillborn clones of Dennis Kneale.
Just saw a real nice shuttle launch from my house a few minutes ago. The night launches are the best.
Nice, TC. I would have enjoyed that.
NASA doesn’t have video and images on their site yet, except a few small stills, but NASA TV is streaming some mission video. You get whatever they are serving at the time:
http://www.nasa.gov/multimedia/nasatv/index.html
Fly, All the books and stock tutorials consistently warn against buying into losses; don’t average down; don’t catch the falling knife. Yet Senor Tropicana does so often, with success. Is this a prescient “I am sure and have more experience” thing?
Conventional wisdom equals death.
phd
Yes what you’re saying is true, but you can also have buy and sell ranges while maintaining a stop loss for the entire amount.
Now this is some real money…
AUSTIN – Because the Teacher Retirement System of Texas had a market value drop of about $25 billion since Sept. 1, actuaries on Friday warned against the system giving retirees any additional benefits next year unless the Legislature pays for them from tax dollars.
However, system managers said the losses will cause no cuts in current benefits for retired teachers because the fund’s investments are made to cover costs over the long term.
The 275,000 retired teachers and beneficiaries covered by the retirement system, TRS, do not regularly get cost of living increases. But the Legislature sometimes authorizes a 13th check for the year whenever the system has investment gains.
TRS’ market value grew from $100 billion in the 2006 state fiscal year to $112 billion in 2007. TRS ended its 2008 fiscal year on Aug. 31 with a market value of $104.9 billion, and that was before the wild downturn on Wall Street.
By then end of September, the pension fund’s value was $96 billion. Chief Investment Officer Britt Harris said the fund likely will end October with a value of between $80 billion and $85 billion once audited returns are complete.
TRS Executive Director Ronnie Jung told fund governing board members that gains and losses for the fund were fluctuating by as much as $1 billion a day in the volatile market.
Jake,are you from Huntsville?
Short sellers are getting bolder, from 24/7 Wall St…
Short sellers are still betting that financial shares will fall but they have boldly moved into shares of companies which are considered healthy, those with both good balance sheets and relatively strong earnings prospects.Data is as of the end of October.
The short interest in AIG (AIG) rose 44% to 135.7 million shares. Short interest in Citigroup (C) rose 18% to 138 million. Shares short in Morgan Stanley (MS) were up 85% to 44 million. Shares short in Well Fargo (WFC) jumped 14% to 151.4 million. The short interest in American Express (AXP) rose 37% to 30.3 million.
“Safe” companies were also attacked by short sellers. Shares short in P&G (PG) rose 39% to 46.3 million. The short interest in GE (GE) rose 18% to 79.8 million. Shares short in AT&T (T) rose 30% to 41 million. The short interest n Caterpillar (CAT) was up 31% to 26.7 million.Short interest in Exxon (XOM) rose 18% to 39.5 million. Shares short in Microsoft (MSFT) rose 20% to 82.8 million. Shares short in Oracle (ORCL) were up 37% to 43.6 million. Short interest in Cisco CSCO) rose 9% to 61.4 million. Shares short in Apple (AAPL) moved up 16% to 28.1 million
Short sellers were willing to make huge bets against companies in deep financial trouble. Shares short in Qwest (Q) rose 24% to 70.7 million. The short position in Ford (F) was up 4% to 305.2 million. Shares sold short in GM (GM) rose 10% to 102.6 million. The short interest in Motorola (MOT) was up 29% to 40 million. Shares short in Nortel (NT) were up 28% to 40.7 million. Short interest in Sirius (SIRI) moved up 23% to 285.2 million.
Can anyone explain what the fuck happened in the last hour of trading today?
just wondering.
A whole lotta selling.
Eye…
… it’s called “volatility” !
And … “it ain’t goin’ away” !!!
(anytime SOON … that is)
.
As a long term perspective,today becomes the 20th day the S&P has closed up or down by 4% or more from the prior session, now eclipsing the record from 1938. Only 1933 and 1932 now offer any comparisons in terms of volatility.
“perspective” indeed !
————-
Thanks for posting that, DB !
.
Jake,are you from Huntsville?
No sir. I’m from Lawn Guyland, Noo Yawk.
Closest thing to “Huntsville” from where I grew up was “Huntington,” home of Sean Hannity.
Odd, no?
___________
Is the Fed creating a war machine out of Russia?:
General Motors Corp., the world’s biggest carmaker, opened a $300 million factory in Russia as it looks to compensate for slumping sales in western Europe and North America.
and
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahdVHk_Ccoeg&refer=home
and
http://globaleconomicanalysis.blogspot.com/2008/11/alarm-bells-ring-in-russia-over-ruble.html
just, like, wondering…
To Senor Tropicana.
Fly, every once in awhile you let it slip that you are afraid for the system, an important tell. The fact that you are right so often with your market predictions must only add to your jadedness, because you are not a pessimist (but rather a realist).
I’ll cut to the chase. I’ll ask the question that everyone’s been afraid to ask: Do you still believe in America?
I know you do, and it would be invaluable to hear your thoughts on how to get out of this mess.
Memo to Hank
The rally that began here in America ricocheted around the world overnight, but U.S. stock-index futures sank on the news overnight, which was dreadful: World-class Seattle retailer Nordstrom reported ugly results and announced the suspension of its stock-repurchase program, now that the shares have plummeted by about two-thirds in two months. The retail sales data was also horrendous, though the Michigan confidence survey was slightly better than expected. Lastly, this morning saw a big preannouncement from Nokia. I suspect that extremely disappointing news on the earnings front will be a regular feature.
Minding One’s Own Business, Not Stock Price
As for the suspension of Nordstrom’s buyback program (and Applied Materials the night before), they and far too many other corporations have wasted billions of dollars trying to support their shares at ridiculous prices, in an effort to offset the dilution created by stock options. In the “old” days, before Greenspan monkeyed with the business cycle so badly, companies used to keep cash and worry about their balance sheet, so they’d have some margin of safety or shock absorber for the bad times. Now, with much of that cash blown, they continue to buy their own stock when it gets cheap. And worse, we will see more layoffs rather than fewer — just another example of the law of unintended consequences when government knuckleheads interfere with capitalism.
Capitalism, free enterprise, and free markets have all been given a bad name. Not because they are inherently the problem, but because of the people who meddle in them. Equally flawed is the call for more regulation. What helped get us into this mess was the failure to enforce the laws already in place. Had the Fed, the SEC, the OCC, and the Office of Thrift Supervision done their job, there’s no way that all the financial institutions could have become so badly impaired and consumers would never have been allowed to borrow so much money. Again, we are where we are due to government intervention and a slew of folks not doing their job, rather than any inherent flaw in capitalism.
As for the action, NOK had tech under pressure, such that the Nasdaq was down 3% an hour into the session, with the other major indices lower by 1%. Once again the indices slid until about midday. On the lows we were lower by about 3.5%, plus or minus. We then spent the afternoon grinding higher and were slightly positive on the day, with about an hour to go. But then the rally completely disintegrated and we closed back on the day’s lows. As has been the case recently, the volatility today was just extraordinary.
Away from stocks, the dollar was a bit weaker, as was oil. Treasurys regained a huge chunk of yesterday’s losses. Precious metals were higher, with silver closing around $9.50 and gold around $745. There was quite a bit of confusion as to where these markets actually closed yesterday. My Bloomberg showed gold up about $40 on the day, when in fact it was only higher by about $15.
Support Intelligent Solutions, Not House Prices
Now for some thoughts on the bailout plans and why they won’t work. Hank Paulson (despite his truly heroic efforts) and the government have not understood the root cause of so much of the financial turmoil, that being the size and scope of the housing bubble. They have the misguided notion that they need to prop up house prices in order to solve the underlying problem.
However, that is dead-wrong. As I have noted a few times lately, the problem is: House prices are still too high relative to folks’ average income, and incomes generically. The price of housing needs to go down to where it can be supported by incomes, especially given the tightening of lending standards.
Thus, a more intelligent approach towards ameliorating the mess would be for the financial institutions and the government to try to figure out just where that level of house prices might be, and what the size of the losses would be. Then it could be decided how the losses might be shared between the government, the public, and the financial institutions. I’ve seen variations on some creative approaches, not least of which is trying to find a way to allow folks to stay in their homes, if possible.
Salute the Unsung Savers
In addition, something must be done for the people who behaved prudently. They should get some sort of reward, just as those who behaved imprudently for whatever reason are going to receive aid. Folks who’ve lived within their means should receive some amount of tax-free saving, which would help instill the right kind of attitude in consumers at large. That way, no one will feel like they’re being taken advantage of. As it now stands, the government expects the prudent to bail out the reckless, which is completely unjust. I don’t have any detailed thoughts yet about the framework of the idea I just shared. But it seems to me a far more sensible game plan than trying to prop up asset markets, which won’t work and will lead to more problems.
edoss,
I am certainly not The Fly, I eat shit food and own 0 cars. I’ve never traded stock as anything but a hobby. However this is a topic I feel strongly about and would like to address. And, similar to The Fly, I am never wrong.
Essentially, your premise is flawed; America and ‘The System’ are not the same – ‘The System’, I suggest, is harmful to America.
America is tight. America is a titan rich with resources – earthen and human. America is a fucking miracle.
The recurrent problem with the greatness of America is that the greatness invites the covet of international bankers. They want us bad.
But, throughout most of American history there had been a healthy distrust for central banking and the debt financed fractional reserve system – Cromag-American wondered why there need be more money than that equal to the value of production, especially when that extra money has unrelenting interest attached to it.
The current problem for the central bankers (embodied by the FED) is that they have long defeated all American resistance to their existence and, be careful, they got what they asked for. Debt owed to the FED is so massive that diminishing returns have set in. A nation can only be dominated so much. We are now completely dominated by the FED’s (increasingly valuable) imaginary money. America’s debt is so large that default has become a viability.
In theory, Bad-ass America would not sit and cry in its soup upon default. We would change the rules, create a national currency, and tell the FED to go fuck itself.
The FED is very smart and controls the game and they would do anything to stop a default.
For their interests, they must receive debt payment. And then they must ensure that America’s debt level is later rebuilt.
To accomplish their goals they will bring on economic depression and then war.
Depression is being wrought by the elimination of available credit, a higher proportion of tax revenues going to pay off the debt and (when things seem to be at their worst or look to be improving in the slightest) the inevitible jacking up of the FED funds target rate. Under central banking, economic depression is the time period while debt is being repaid.
During depression the funds from repayment flow to their allies (including multi-national corporations who like to blow shit up). See Textron getting FED support: http://www.bloomberg.com/apps/news?pid=20601109&sid=a3ooOacTbl48&refer=home.
When public debt is sufficiently paid, the FED will want to increase debt levels to maintain prominence. The best way to quickly inflate public debt is through financing a massive war.
My post above was alluding to how the banking cartel is destroying the Russian economy (Oil may hit $20 folks) and will then recreate it as an industrial/manufacturing marvel (while US industrial capacity is steadily ripped away). See Textron in Russia: http://investor.textron.com/phoenix.zhtml?c=110047&p=irol-newsArticle&ID=1018546&highlight=
Russia will, over the next few years, be identified in the media (along with Iran, Cuba, Venezuela and possibly others) as American enemies who are working against the interests of the citizenry – they will be deemed very Very VERY evil. Upon some ghastly event, America will be thrust into war. America will rebuild massive debt levels to fight a war that its valiant citizenry thought was moral and unquestionably justified. We will fight (and possibly lose to) the guys we think are bad to enrich the real bad guys.
Our government is so bought and paid for that this clockwork bullshit will happen like clockwork.
You know, fuck that. We need to put this recurring nightmare to bed for good.
Begin the end of the FED by informing people that the FED is not a part of government, that it is a for profit corporation which we pay interest to for every dollar.
The Cartel will not go quietly so we must crush them with knowledge and peace. And short their chums (very fucking carefully).
Well I’m sorry but I’m not interested in Goldmines, Oil Wells, Shipping or Real Estate – Jack White
http://www.youtube.com/watch?v=psGDCMnDnCM
Sell (kill, destroy):
TXT
BA
HAL
LLL
LMT
NOC
RTN
GD
GM
C and the like
reposting bad Textron in Russia link: http://investor.textron.com/phoenix.zhtml?c=110047&p=irol-newsArticle&ID=1018546&highlight=
A truther, that’s all the site needs with the dog allowed out of its kennel.
“you want the truth!? You can’t handle the truth!”
good rant Jack White
“Son, we live in a world that has walls and those walls have to be guarded by men with guns…”
http://www.youtube.com/watch?v=5j2F4VcBmeo
LOL!
Fly,
You are is such an immature little punk. I called you out on your false claims of being up 80% and you blocked my building’s access to your little site. You only blocked our wired network – you forgot the wireless network at the pools.
Being a millionaire many times over and having a hubby that plays your favorite nationally televised sport I can tell you we wouldn’t let you manage a dime. This site is 100% entertainment at best. A friend of mine at the club house mentioned your site as a joke earlier this year and we’ve been laughing ever since.
Enjoy!
PS- it is irresponsible to claim investing smarts to the public unless you can back it up. FYI:Some innocent people could be harmed by this information by taking it seriously.
yours,
Beth
PSS – don’t forget to block our wireless network now and while you’re at it, why don’t you block all of South FL where the real millionaires are this time of year. That way we can’t bother you.
http://www.zillow.com/homes/map/
101 S Fort Lauderdale Beach Blvd Fort Lauderdale, FL 33316
Calling you out:
Are you a hot looking chick?
if you are all the swill about how rich your hubby is ( not you) will be forgiven. Please show us a pic in a two piece so we can all judge.
If you are a hot chick, preferably with a large cup (plastic is ok) I will intervene and demand the FLY lifts the ban.
Nobody here wants to buy your house Beth
This is hilarious. The condo she linked to where she supposedly lives has 1 beds selling for $800k. That would a shack in the town I live in.
Beth, what were you before you became a wife? A cheerleader? Just curious.
Only Rednecks live in S. Fla, with the exception of Boca and Chivas, and TC.
The worst thing about the Rednecks in south fla. is that they have no culture. They are the worst of the nouveau riche combined with a Walmart sensibility.
I think the chick is trying to impress us or something. It’s a frigging apartment building in Lauderdale
But hey if she’s a looker who gives a shit, right?
As the chair of the banning committee for this site I vote we lift the ban… but only if we can first judge Beth in a two piece suit. Skimpy please.
Ok this is me.
Chew on this and lift the ban, buster.
http://i271.photobucket.com/albums/jj140/GateToWire/beth-ostrosky-pics-001.jpg
Ummmm
I vote FLY lifts the ban. Immediately.
Shed:
Palm Beach and the environs is redneck free. Don’t be so restrictive.
My only complaint with Florida is that there’s far too many Canadians , especially on the gulf side.
So your husband is Howard Stern?
You’re a tool Beth.
Bull
Stop abusing Beth, ok. who cares who she’s married to if she looks like that.
Beth can abuse fly any friggen time she likes as far as I’m concerned (now) and of course I’ll agree with her.
Treasury and FDIC at war with each other:
http://www.npr.org/templates/story/story.php?storyId=97021559
You know what … I think Hank Paulson is one hell of a fucking MORON. He has to be an alien from another planet, sent here to fuck up our world before an alien invasion. Right? How in the living hell did that fucking bald headed stuttering idiot ever rise to the #1 position at Goldman?
His speaking skills suck.
His communications skills suck.
His sales skills suck.
His people skills suck.
That fucker can’t play in a sandbox without pissing everybody off and going to war over the toys. Someone needs to walk in his fucking office and take him out. The sooner, the better.
Jesus Beth, do they not serve cheeseburgers in Lauderdale? I recommend you have a few, everyday, for the next two weeks.
Ironic that Nazi Death Camp thin would come into vogue 70 years later in America.
Beth, you’re funny. You think you will get respect for being rich because you married into it? The only respect I give are to people who are self-made, not marrying into or inheriting money.
Oh btw, if you husband really is a football player, it reminds me once I stayed at the Crescent hotel in Dallas. The night was really rowdy on my floor because an NBA team was staying there. Tons of noises from girls. The next morning I overheard the NBA players in the hall-way bragging about all the girls they’ve been with last night. I wouldn’t be surprised if your husband doesn’t do the same when he’s on the road.
BTW to the idiots who believe that’s the real Beth. It’s not. That picture is Howard Stern’s wife.
Jeremy!!!! Vincenzo!!!!! Fly!!!!! This site is deteriorating fast! Do something!
My post above was alluding to how the banking cartel is destroying the Russian economy (Oil may hit $20 folks) and will then recreate it as an industrial/manufacturing marvel (while US industrial capacity is steadily ripped away).
Sounds thrilling. Why pick Russia as the bogeyman? By the time “they” get “their” eeevul plan ready to run, there won’t be any people left there. Demographically speaking, only Japan is in worse shape.
Rewrite!
______
How in the living hell did that fucking bald headed stuttering idiot ever rise to the #1 position at Goldman?
I often used to ask myself that same question about then Senator, now Governor (of Jersey) Corzine, who has to be the dumbest motherfucker ever to have run any business, never mind the world’s largest investment bank.
I’m completely at a loss as to how succession works in that firm, but I would not put it past one of Jeff/Star Scream’s theories of Crypto-Royal Illuminati Succession or some shit.
Seems competency does not explain it.
_______
Beth, this is my proof of my performance: http://tinyurl.com/57z67w
Is that good enough for you?
EB–
Are you as big a douchebag in real life as you are on the internet? Just wondering.
These Colors Don’t Run, how’s your performance lately?
So that’s a yes.
I am the same person on and offline.
From an interview with Julian Robertson few days ago. He’s short the market quite a bit:
“America is a like a family who over-spent for years.. has to de-lever itself.. take a long, long time for that to be completed.. I look for a long tough period for the American people”
“I am not positioned long… I am short personally quite a bit”
“So far I don’t think we had the blow to the economy that will eventually obviously come from the wealth devastation that’s occured the last several months”
“General de-leveraging will be a strain on the economy for a long time”
On Google: “(Market) throwing the high multiple stocks out with the bath water. I look to take further advantage of that.”
On Baidu: “Baidu is a fantastic company that has great potential in China. Their market cap is a tiny fraction of Googles. Their potential is probably equal or greater. A case of a stock that will have terrfic growth and will be recognized in the years ahead”
He’s also long Visa and Mastercard.
Julian Robertson had to close his fund in the late nineties because he had his ballz cut off.
He is another “wise old head” creakily wheeled out on CNBC as a “market guru” despite his very public debanking.
Fuck him.
____
His long-term track record is un-paralleled. 25% CAGR for like 20-30 years. Even the legends have off years. Buffett was down 40-50% in his personal account from peak in the early 1970s.
I also know for a fact Julian has totally killed it in the last 8 years since he closed his fund in 2000.
Michael Lewis (“Liar’s Poker”)has written an amazing article, a part of which focusses on Steve Eisman, an analyst at Oppenheimer, someone who has frequented this site (I’m assuming he has based on his egregious use of the word “egregious”).
It’s very long, so I suggest reading it while on the toilet. The good news is that, if you are constipated, the anxiety this piece will instill in you by the time you have finished will keep you regular for eternity.
Those with borderline insomnia will never sleep again. Anyone searching for an uptrend will become a chronic shoegazer. The bi-curious will finally choose a team, and it will be the wrong one. Cats will get it on with dogs, and Rover will at last become Mitten’s bitch. The G-20 will have a deal by tea time tomorrow. Canadians will rule the galaxy. And so on…
Here’s the link:
http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
Best to all of you on Monday, and in the fucked up years ahead.
Some day people will speak of me in the same way that I respect the investing legend elders like Julian and Buffett.
EB,
When you publish an op ed piece in the NYT on the morning of op-ex day telling America to buy, we’ll know you’re in that desperate league.
Tell me you just didn’t diss the greatest investor in the history of the world?
The greatest investor in the world will be pants-down and wondering aimlessly around Omaha within months, but hopefully you will replace him (nice account by the way, I saw your twitter).
“Wandering” dagnubbit.
This place is turning into crazy town.
PS Beth – have a sandwich.
Blow me Beth.
If it weren’t for your “hubby that plays your favorite nationally televised sport,” you’d be living in the Harlem River Towers, sucking pipe for a hit of smack.
http://www.zillow.com/homes/map/Harlem.-ny_rb/#/homes/for_sale/map/Harlem.-ny_rb/40.800234,-73.946646,40.799117,-73.950339_rect/18_zm/
Leech on
Jeez “Beth” this is kind of strange … but what they hey, give me a call, we’ll meet for coffee at Starbucks in Mizner Plaza.
BTW I’m not a redneck, but I’m married to a proud redneck.
Don’t forget stocks can be for asshats. I don’t particularly like them very much right now myself.
Fly, can we install a minimum IQ requirement to post here? just asking.
California fires, you reading about this? 10,000 homes burned down overnight. Another 30,000 expected to burn down today.
It’s the new and latest Paulson Plan.
Burn down the homes of rich fuckers. Forced them into the foreclosure market to buy up all the empty homes.
Got to hand it to Hank. He may be a bald stuttering MORON, but you can’t accuse the guy of not thinking out of the box.
I know I’m not an investor or a trader, but I can SMELL THE MONEY – how do you think I ended up here? I don’t need a time machine – just a cash machine.
I’m proud of it!! It’s my one many talents 😉
I’m always looking for an upgrade if someone is willing to up my allowance.
PS FLY – you forgot to ban the cafe on the first floor of my building 😉
Just kidding on the upgrades – wanted to see you guys get all excited. I’m pretty well set as long as the US and Swiss $ survive.
Boca – I’m sun bathing today – finally after a week of wind.
You and wifey are welcome to join us for drinks by the pool – everyone knows who I am in the building – PH1 just in case
God, Beth even admits it that she is talented in marrying for money and willing to upgrade. Geez.
Beth show us a picture, with your face blocked out if you wish. I want to know if you’re really full of it.
You’d do well in Boca, honey. Drive your Hummer up to Boca and prowl around for a rich man, you can always run him down “accidentally” in the Publix parking lot with that Hummer. /sarcasm
I always thought allowances were for kids or people who sponge off of others. Odd, no?
FYI Beth I’m a woman and have a hubby, not a wifey.
Mr. EB, it’s probably safe to assume that everything except the attitude is a prank.
Re: Buffett. I believe that Buffett is in some serious trouble if the Dow Jones gets below 7500. Check BRK’s last 10Q.
His long-term track record is un-paralleled. 25% CAGR for like 20-30 years.
Provide evidence. I know people who worked for him in Tiger Fund, when he was doing well.
It’s been a while.
___
“StarscreamPowerPlay” …
Don’t stop now…you’re on a role !
How bout posting your views on the…
Council on Foreign Relations
…and the…
Trilateral Commision
———————
Seriously, let it rip !
I’d be interested to hear what you think.
.
CFR publishes here: http://www.foreignaffairs.org/
Usually, a fair analysis of socio-political-economic pressure points is presented. The analysis is used to guide policy.
I did a little followup and tried to subscribe to the CFR Podcast. If you live in America you may not listen to it.
http://i73.photobucket.com/albums/i213/dkiernan/Picture1.png
Give it a try to confirm.
Ooops, I think I just hit the wrong button, seems to work now. I’m a gimp.