Chinese H-shares are getting a-bombed in Asian trading. God willing, we shall have a 15% [[FXP]] bonanza tomorrow. That’s right, I said “bonanza,” and I have lots of testosterone running through my veins.
Click here to see the FXP components get nailed, LIVE, in Asia XXX
UPDATE: “Every four years we have a steel cage match in this country.”
[youtube:http://www.youtube.com/watch?v=A32Wq7IVUXY 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
and sugar in your tank.
Androgel?
Everybody Yang chunks tonight. Yahoo!
should i be going long fxp in the morning
Go long the hong kong shlong.
FXP shall rise again!!!
$100 before Thanksgiving is looking good.
Love the cookie monster shirt.
Yes, FXP will go higher because the world will realize that no one can beat the fly.
Wow that guy on the video is an idiot. He deserves to lose money.
Ha ha ha ha ha ha ha! Remember Mr Yang, I like extra starch in those collars! Chop chop!!! HA HA HA HA.
This is fucking sweet. I swear if I wasn’t cynically giddy over the money I was making off of dumb fuckers, I would quit my job, just so I good stay at home and laugh maniacally at my quotes.
As an aside, let me assure everyone that the retail investor is still in the market. Every time I think we have picked at the bottom of the barrel, another functionally illiterate “I don’t comprehend reading too well” squirrel comes through the door wanting to bottom pick some GM, or better yet some FNM, FRE, AIG, etc.
My boss is cool, but he won’t let me beat these people with a stick, even if it is for their own good. I have to restrain him too, however, from mercilessly berating our native penny stock geniuses.
I am now equipped with a suicide prevention number at my desk, in case one of our big losers threatens to off himself. No I am not making this up! But if one of these stupid assholes (whom I have tried to warn) pulls that shit on me, I am giving him the number to the crematorium. But I will take suggestions if you have better ideas.
This Bob guy is pure gold.
Ozark, that’s some business model.
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http://finance.yahoo.com/q?s=^GDOW
Have y’all heard of the Dow Jones Global Industrial Ave? New to me.
http://www.djindexes.com/globaldow/
I love hot asian triple x
Thats alot of video rant. I think maybe I will try to take it in pieces
Ozark must operate some sort of 21st century bucket shop, where the poor and unwashed plunk down their last remaining nickle to purchase all sorts of highly speculative, failing businesses on shoestring margins.
look at the guy’s t-shirt…lol
http://www.youtube.com/watch?v=JK2hKzZss5Y;
We pay this man for this shir
This bloomberg article highlights last weeks hedge fund regulatory filings – some pretty amazing figures in regards to decline in value of US equities held by hedge funds during the 3Q – decline in mkt values of equities due to (1) mkt falls (2) redemptions (3) forced deleveraging (4) reducing equity exposures – whichever way you look at it it is an unbelievable amount of selling – relates purely to US equities but would clearly be similar for international equities – quick stats and full article below.
Appaloosa – started 3Q with $3.1b worth of US stocks – finished with $648m
Atticus – $8.1b to $510m
Tudor – $5.7b to $453m
SAC – $14.4b to $7.7b
Moore Capital – $4.5b to $1.4b
Jana – $5.9b to $2.1b
Vinik – $11.8b to $1.8b
Nov. 17 (Bloomberg) — Hedge-fund manager David Tepper entered the third quarter with $3.1 billion of U.S. stocks and exited with $648 million, selling most holdings to reduce risk and raise cash as carnage pread across the financial markets.
“We moved a lot out early because we didn’t want to lose money,” said Tepper, 51, president of Appaloosa Management LP in Chatham, New Jersey. The firm, which switched some money to bonds, has between 30 percent and 40 percent of assets in cash.
The story at Appaloosa, whose returns have dropped more than 20 percent this year, was repeated across the hedge-fund
world in the quarter as managers were hit by client withdrawals, tumbling financial markets and tighter credit. Regulatory filings last week by 38 hedge funds with more than $1 billion in assets each show that selling and market declines cut the value of their reported holdings by about 30 percent to $273 billion.
The $1.7 trillion industry, which accounts for about a third of U.S. equity trading, continued to retrench in the past two months, contributing to the 25 percent decline by the Standard & Poor’s 500 Index since Sept. 30. At least 75 funds have liquidated or halted redemptions this year. With the Nov. 15 deadline for year-end withdrawal requests now past, fund managers may be forced to unload more stocks to pay off clients.
“Hedge funds generally are the tip of the spear in good times and they are also the canary in the cage in tough times,” said Andrew Lo, a finance professor at the MIT Sloan School of Management who also helps run a fund for AlphaSimplex Group LLC in Cambridge, Massachusetts. “They are the first to get hit up with losses and the first to get out.”
Atticus, Tudor
Money managers who oversee more than $100 million of equities more must file, within 45 days of the end of each quarter, a Form 13F with the Securities and Exchange Commission that lists their U.S. exchange-traded stocks, options and convertible bonds. The filings don’t show non-U.S. securities or how much cash the firms are sitting on.
Almost all the major hedge funds submit their reports within a few hours of the deadline, which was Nov. 14 for the third quarter. Managers of the private, largely unregulated pools of capital can buy or sell any assets, bet on falling as well as rising asset prices, and participate substantially in profits from money invested.
Atticus Capital LP, based in New York, disclosed that its holdings declined to $510 million from $8.1 billion. The firm, run by Timothy Barakett, 43, sold out of 39 stocks while adding no new holdings. ConocoPhillips, MasterCard Inc. and Burlington Northern Santa Fe Corp. were the three largest positions he exited, with a combined market value of $2.68 billion as of Sept. 30.
In an Oct. 1 letter to investors, David Slager, 36, who manages the Atticus European Fund, told investors that more than 50 percent of his fund was in cash or U.S. Treasuries after he lost 43.5 percent year-to-date.
`Tipping Point’
At Tudor Investment Corp., the Greenwich, Connecticut, hedge-fund group founded by Paul Tudor Jones, 13F holdings fell to $453 million from $5.7 billion. Jones said markets face more selling from managers “Our concern now is less over year-end fund redemptions, as record cash balances have already been raised in anticipation, but with prospective fund closures,” Jones, 54, said in an Oct. 31 report to his clients. “This latter event represents a tipping point at which a fund’s call on the market for liquidity goes non-linear.”
Moore, Vinik
SAC Capital Advisors LLC of Stamford, Connecticut, said its holdings were $7.7 billion as of Sept. 30, down from $14.4 billion at June 30. Founder Steven Cohen, 52, had about half the firm’s assets in cash in mid-October, after his main fund fell 5 percent through September.
Louis Bacon’s Moore Capital Management LLC said the value of its 13F securities fell 69 percent to $1.4 billion, while at Jana Partners LLC, a firm overseen by Barry Rosenstein that makes activist investments, they fell to $2.1 billion from $5.9 billion. Both firms are based in New York.
Jeffrey Vinik, who once ran the Fidelity Magellan Fund, disclosed that his Boston-based Vinik Asset Management LP held $1.8 billion at Sept. 30, down from $11.8 billion at June 30.
“Movements in financial markets were so volatile, so unpredictable and so seemingly detached from fundamentals” that many hedge-fund managers “didn’t feel they had an edge,” said Doug Peta, an independent market strategist in New York. “The best thing they could do for their investors was to pull back entirely until markets returned to more of a sense of normalcy.”
Smaller Declines
The largest funds, including those run by David Shaw, Kenneth Griffin and James Simons, reported smaller declines in their holdings. At Griffin’s Chicago-based Citadel Investment Group LLC, holdings listed on Citadel LP’s 13F fell 11 percent to $50.4 billion. Simons’s Renaissance Technologies LLC of East Setauket, New York, reported a 17 percent decline to $37.8 billion. At New York-based D.E. Shaw & Co., the filing showed a 20 percent decrease to $45.4 billion.
Officials at the hedge funds declined to comment on the 13F filings or couldn’t immediately be reached.
This year has been the worst on record for hedge funds, with the average partnership losing 15.5 percent through October, according to data compiled by Hedge Fund Research Inc.
Huw Van Steenis, a Morgan Stanley analyst in London, told clients last month that client withdrawals and market losses may cut industry assets some 25 percent to $1.3 trillion during the current quarter.
Borrowing Squeezed
Some managers sold stocks to build cash that they can use to meet client withdrawals triggered by subpar returns. Even managers who are outperforming have gotten redemptions because their clients need cash and their other funds are frozen.
Funds have also been forced to pare their holdings as prime-brokerage units of investment banks cut back on lending and raise the price of the loans they are willing to make. And many funds may have sold stocks as the quickest and easiest way to raise cash to pay down loans on bets on other assets that had dropped in value, such as energy futures, said Leon Metzger, a former hedge fund executive.
“If you bought oil at $140, you had some margin calls,” said Metzger, who now teaches courses on hedge-fund management at several colleges including Yale University. “What you have to do is sell your liquid securities so you can post more collateral.”
I love Bob’s “No More Bailouts!!” clip.
What the fuck, I need this dissertation to tell me hedge funds lose money like water over a fucking damn. see post #1 loser
Im still in favor of a small Bond James Bond rally. but just a little one
Are there any bulls left on the Internet?
It seems these message boards are full of people salivating over the returns on their double-short ETFs.
But that’s OK, because everyone knows people who post on message boards are the “smart money”.
Just caught the end of “The Daily Show”moment of zen. Did circus clowns really ring the opening bell to the market today? Really?!?! wtf are we thinking?!?!
Nice find.
Fucking clowns opened the market!!!!
http://www.youtube.com/watch?v=H5JPS74sgqQ
There you go.
Jake,
Just wait until I take it public.
I used to avoid making the margin calls. Now I love ’em.
“Stocks going back up tomorrow you say? Fuck you, pay me.”
“You didn’t realize the margin requirement was 100% on a penny stock? Fuck you, pay me.”
“You didn’t realize that the Q on the end of the symbol meant it was going bankrupt? Fuck you, pay me.”
“You didn’t realize that clowns ran this gay ass market? It’s not a secret anymore, so fuck you, pay me!”
“Fed wire funds, please.”
Oh Lord:
http://ace.mu.nu/archives/278289.php
I’ll have you know, it’s people like her keeping this market from tanking.
Whoa Pandas are getting raped overnight.
Don’t know whether to laugh, cry, or just despair over that woman & her (poor/dumb) husband. Fucking seriously, how fucking retarded can you be?!
Is that Bob guy Alpha? I don’t like the way he invoked my name and made innuendos. I’ll have my people look into this.
So ya think this sucker is gonna blow out the lows finanlly
Any one wants to buy BankCoin.com. Email me edomainz at gmail.com with an offer. First come first serve. FLY I will give to you for some chump chnage. Let me know.
Who thinks pro athletes salaries will shortly get the homo hammer? (not that there’s anything wrong with that)
Bowtie Jim: “US Dollar is a flawed and failed currency”.
Enough said.
http://www.ft.com/cms/893ac9c8-757e-11dc-b7cb-0000779fd2ac.html?_i_referralObject=929363526&fromSearch=n
Bob is fucking hilarious, but he may not make it through this bear market. I suggest he do some kind of Zen meditation after he tees off like that. That’s the fastest three minutes right there. Fantastic. Great find, Fly.
The Fly is God.
I’m watching bloomberg this am … Carol Masser was caught with the mic on … “Oh SHIT, what?”
pretty funny .. this hot piece, Linzie Janis, gets the handoff & is smiling
This was destined to happen just a few days after I got fed up and swapped my FXP for SKK.
You have me to thank.
You’re all welcome.
Jimmy is the man!
whats up with HPQ???
oh…guiding higher
HPQ
Guides Q4 $1.03 v $1.00e , R $5.3B, Q108 $0.93 to $0.95 v $0.93e , R$32B – $32.5B v $33.7Be
Wake up BOOMER. You’re AAPL trade for the “fun of it” is up in the pre-market.
Hurd just pissed all over the bear party.
I demand a 25% bonanza in FXP; 15% simply is not enough to satisfy a rapacious individual such as myself.
Haha FLY that FXP holding of yours was eating you up inside. Every other damn inverse was going higher except for the FXP. I was annoyed as well.
Watch the dollah.
“Yah follah?”
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My intention is to decorate my entire lair with panda skin rugs, and ride about in a rickshaw.
Haha FLY that FXP holding of yours was eating you up inside. Every other damn inverse was going higher except for the FXP. I was annoyed as well.
Was?
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Hmmm… why is BUD up over the acquisition price?
Should we be watching the Brewers here, my fellow Milwaukeens?
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I keep FXE Euro/Dollar) on my screen and it goes up stocks go up, FXE goes down stocks go down.
Fuck this, I want to know whats going on in Lennigrad USSR…where’s Erin??
Bought BTU @ pre market $26.15
Kevin Depew
08:47:00 AM
Position in QQQQ
777?
Ok, the bad news is at this rate the S&P 500 will be at 0 by Derby Day. The good news is that there are beginning to appear some positive divergences on the moves lower.
But the good news is that signs of downside exhaustion on multiple time frames are continuing to accumulate.
On a weekly basis the S&P 500 (SPX) finally perfected the buy setup from three weeks ago by making a new low last week. On the daily chart the TD Sequential buy signal from last week has not been confirmed with a bullish price flip (a close that is higher than the close four sessions ago), but a new buy setup registered yesterday and will be perfected once we get a new low below 817.50.
Make no mistake, I still expect 777 for the S&P 500 to be a level that is met, (the equivalent level for the Nasdaq-100 (NDX) is 1098.) But that is not a target that makes me particularly bearish from these levels. It’s a less than 9% move from yesterday’s close for SP, less than 5% for NDX. After a five-month 40% decline, I don’t want to be bearish for what may be the last few percent. I want to begin being bullish… for a trade.
The mistake many have made this year is in not being bearish enough. I have heard several people say that since last Friday, all wary of a continuation much lower. Am I making that mistake now? Perhaps. But the DeMark price exhaustion techniques will help me reach that conclusion if necessary. What would make me change my mind? It would not be a simple move below 777 or 1098, but a qualified break of those levels; that is, a breakdown requires the previous session to have been a higher close. That is not possible… for today at least.
That was an intense video… Classic moment at the end when he stops talking, leans back and is trying to calm down. Raw emotion.
ozark,
i think we work at the same place mate. tool boxes walk in the door wanting to open accounts in a hurry to buy crappy stocks and then i proceed to call them the next day for margin calls! lovin it. no bottom yet.
Saw that Derby Day comment and got curious…
From Kevin Depew bio: After graduating from the University of Kentucky with a B.A. in Philosophy, Kevin joined the Daily Racing Form as an editor / handicapper / writer where he spent five years covering, and occasionally wagering on, thoroughbred horse racing.
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Now the Wal-Mart CEO is pissing in the beverage bowl at the bear party:
“Wal-Mart’s US CEO says customers are shopping its stores more frequently now that gas prices have fallen, that the company is not seeing a significant change in size of ticket and expects that this change in behavior will favor the company.”
…. rapid 50% decline in gas prices just now starting to roll through the economy. Hang on, next thing you know, retail sales for Christmas will surprise to the upside. Watch and learn.
Whew, I closed my NQ short around 5 am this morning. You have to be quick and lock in gains in this market, amazing how this turns.
Skybox — that’s his schtick. He does that on all his vids (there are a bunch on youtube)… he’s a professional comedian from Queens, Noo Yawk.
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I think I may have gone a little f’ing crazy Im an now 10% cash and loaded up on FXP, QQQQ and EEV.
Guys how do you feel about that ? I said F it we are going down into the deep red. I hope as much as I am expecting. China get kicked in the nuts inexports because no one is buying shit and retail numbers are shit. Irelevent of banks establishing platforms there within the next few years, means 00000.
Skybox:
Read about “Bob” here:
http://drinkingwithbob.com/about.html
QQQQ package…
http://www.nasdaq.com/quote.dll?page=nasdaq100
Just talking about this with my buddy listen how crazy these fucking Democrats are about unions
The combined market cap of GM and Ford is $1.84 Billion + $4.30 Billion or a grand total of $6.14 Billion. Spending $50 billion on companies worth $6.14 billion makes no sense.
Furthermore, GM alone has a negative net worth (Stockholder’s Deficit) of $60 Billion according to GM’s 10Q for the period ended September 30, 2008.
If Congress gave GM $50 billion, GM would be worth -$10 billion!
Check out fords assembly plant
http://info.detnews.com/video/index.cfm?id=1189
GqfhPS