I am flush with cash. I am up around 70% year to date and in a 50% cash position; life could not be better. While you sit there, in despair, all worried about bills and employment and shit, “The Fly” is trying on new white robes and dressing up in authentic Chinese garb, mainly for fun. You know, in order to roam around the office and just karate kick the trader/servant in the neck.
I think it’s fair to say, we are in a code red, melt the fuck down scenario right now. In my trading history, times like this, right now, are when it is hardest to buy, but can be most rewarding. On a rally, Citigroup Inc. [[C]] can double. On a rally, Bank of America Corporation [[BAC]] , National-Oilwell Varco, Inc. [[NOV]] and MetLife, Inc. [[MET]] will clown rape short sellers.
We’re at a crossroads. Either we break or boom.
Place your bets.
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My bet is that if we made Howard follow everyone that is following him, he wouldn’t be twittering so damn much.
Every instinct says sell and run…time to buy I guess
Gotta love that “Mars Attacks” pic.
The Fly is God.
I keep thinking about how soup lines will look in 2009 and cannot come up with anything viable.
My bet, we boom.
I was buying puts in BAC and calls in FXP all day – that means we are nearly certain to rally hard tomorrow.
SIRI .17 all in!
My XM rocks!
What a fucking disconnect between great product and vaporized stock!
Topper – they will look long – very long, and the soup won’t even be very good – Food Club and College Inn – 45 min. lines for Food Club and College Inn Chicken Broth.
The only thing booming will be the government cheese program.
LOL, Woodshedder
I can’t shake myself from the notion that this time is “different.” I know, everyone says that word everytime…however, we’re ending a multi-generational pyramid scheme.
Everyone and their brother says is we go to 7800 we go to 6000. That tells me it’s a buy. Otherwise we’d be there right now, right? Citi may go to 5, but it will be at 10 before the month is over, so buy that bitch.
Leonard, The lines might be long, but remember Depression in the 30’s is different from the 2000’s. You can keep making money betting on a depression scenario, but at the end of the day you will find yourself in the very same soup line. Maybe at the end of it, but the fucking point is everyone gets in the line.
I love how you called today totally wrong yet you’re in great shape and ready to buy. Wrong again. While you’re frozen in cash I’ll be banking coin for days on my superior SHORTS. Sit and watch fly.
If I hestitate it will rally, if I continue to press it will crash. The market is out to screw me, everyone else is just collateral damage.
SIRI is desperate for business. A friend of mine called them up and got them to lower the fee to $3/month.
What a fucking disconnect between great product and vaporized stock!
The stock price is in line with the business model.
Bets placed – the break is coming. Met is doomed.
S&P 500 will live up to it’s name, making poor the standard, and it standard to be poor, as it crashes to 500 and brokers become broker, and buys become bi.
I say, let bygones be bye… gone!
death spiral, put your head between your legs, we’ll see Fly serving at the Soup lines. But at least porn roams free on the internet?
Flux, a good friend and neighbor works for Met. What are you hearing?
CAP-
You’re long and losing more money aren’t you? Do you own that piece of fucking shit, CitiBank? I bet you own it … you’re the kind a guy that would buy it at $9.92.
A depression might end up being good. Most of you dickheads will not be able to afford an internet connection to post bullshit comments on this site.
The Fly is God and will remain so.
Fly, while you’re sitting there gloating over your 70% YTD gains I am raking in a cool 0.09%. Who’s laughing now?
Oops! Who’s laughing now?
Im laughing,good sir.
I am sipping a fine bottle of wine this evening … it’s about 65F, and the stars are bright.
This Saturday Oklahoma is gonna beat up Texas Tech, gonna fuck them up, and shake up the BCS.
http://www.youtube.com/watch?v=AmFM8MepDjE
Well fucker 70% is good but I got you beat big time.
Now , my account isn’t as large as yours but it is greater than 5 figures so blow me.
okie uncle sez: BOOMER FRIGGING SOONER!!
Sooners win that game handily…T.Tech’s coach is a freak though.
BTW, Donny, if they don’t win at least we’ll have the satisfaction of screwing Texas over (again). BREHEEHEE!!
Come on… this shit has to be the bottom?
http://www.youtube.com/watch?v=19IVwYukkUk
bought 100 NOV @ $23.50 today …did anybody out idiot me ??? just wondering
Look at Shanghai it just doesn’t want to crumble like a car built in America…maybe the USD$600B per annum they normally spend on Treasuries are going into their own market…wouldn’t put it past ’em…
…and I Will Punch You In The Donkey before you or any of your other personalities have a chance to drink my blood.
i am balls deep in CEFs trading at 25% discounts, pfds at 25 centavos on the amero, and deep under water secondaries. God, please just one more bubble, I promise I’ll sell at the top.
Smith Barney, we make money the old fashioned way, we steal it.
China doesn’t need $ to prop up their own market doofus, they don’t need $ to give their own eCONoME a stimulus either. Schiffitis is contagious. ::sprays disinfectant::
fellow comrades,
we feel your pain we hear your voices change is comming …you just dont have the socialism thing worked out yet …erin burnett gave you insight of things to come ..relish in them
Shed: Mostly anecdotal – career Met guys jumping ship over the past few months, some still with the company stealthily moving clients (and $$$) away, new business is down (same with all the insurers).
Also, take a look at this “MetLife remains very well positioned to fulfill its obligations” press release. Lately those kinds of statements are followed by a KABOOM!
50% long, 50% cash…. Fly’s got it right…. I hope…
Although I never thought I’d say it, but I may never go for BEAV again.
UYG = Unwashed Yak Gonads
scum,
You cupid stunt you really shouldn’t be calling me the doofus. 75% of the Chinese stimulus package is not new therefore the net impact of the “Stimulus Package” is only USD$50B – USD$75B per year or about 2% of their GDP.
has the 20 pirated oil super tankers been baked into the market yet ???
OPEC hired me to hijack there own stuff. Now that the supply comes up high, OPEC will have the excuses to cut production, then us pirates will continue to steal there stuff, only this time transporting it to their secret warehouse, thus controlling supply, and getting the price up.
ARGHHHH Matey…
Yo ho, and a bottle of rum…
aye aye captain MORGAN!!! ARGGG!!!!
Perfect example of why straddles and strangles are good.
Make or break=perfect time for strangle.
IWM strangle is on!
lol,
Couldn’t agree with you more. The art form is to get reasonable premiums with some time value for unforeseen events.
We Boom.
The IBC Californicated shark:
Body strikingly tadpole-shaped, head expanded but trunk and tail slender and
cylindrical, tapering to caudal fin; body very soft, semigelatinous, and thin-skinned, with weakly calcified dermal
denticles; stomach not inflatable; tail short, length from vent to lower caudal origin less than half of snout-vent
length. Head enlarged and considerably depressed, narrowly rounded in lateral view and not wedge-shaped; head
very long, about 1/3 of total length in adults; snout very short, less than half of mouth width, thick, and
flattened, bluntly pointed in lateral view; snout not expanded laterally, broadly rounded in dorsoventral view;
ampullal pores not greatly enlarged on snout; nostrils of moderate size, with incurrent and excurrent apertures
Market won’t bottom until all the bottom callers are reamed. So say we all.
Speaking of blood, check asia for a little fest.
11/11/2008 S&P 11% higher
“The other “tip” is that OIL LEADS THE MARKET. Write it down 300 times until you know, for sure, that a lower oil price is NOT good for the market. When Dennis Kneale says
“slap a 50 handle on crude”
what he is really saying is
“I want to see the dow at 7000.””
-Danny
FXP at 59 was such a miracle, rivaling all from antiquity.
Another reason to see red relative to the bastards in France:
http://www.iht.com/articles/2008/11/20/europe/20global.php
no turtle, THE bottom wont come until then. there will be tradeable bottoms all along the way. there was no one calling THE bottom oct 9 2002, therefore twas. they were too busy wondering if they were going to be shot while gasing up in dc and awaiting the bombs to drop in iraq to worry about stupid stock market calls. the market had long since beat the shit out of dumbass bottom callers, no one cared. as it will be..
I guess we’re not at THE BOTTOM then cuz there are still plenty of bottom callers. Hell the fly is 50% long this craptastic market.
scum,
That is fucking awesome…brought a smile to my face!!!
Just watched my nightly DVR of Lost err I mean Fast Money.
Jeff Macke said that Yahoo is run by 3 clowns and a dog.
Fucking hilarious that Macke dude.
ahhh…Vancouver took it to the Rangers tonight..nice.. cue the backlash of ‘screw Canada’ comments..
and quit buying banks until Merideth says it’s ok people. UYG will take your house from you, no questions asked.
By the way NAZ hits 1100 by year end and lower into next year.
It will be kind of like getting your lips sheared off for good measure after losing your all of your limbs.
scum,
I read it again and my compliment is now raised to fucking stellar and well played
We break first – then we boom. It will scare the tits off of you whores, and then you will watch the mother of all squeezes – while your in what little cash you have left.
Fly,
I smell the blood…China’s just s drip.
😀
Every major decline has followed with a war. Generally the more serious the decline, the more serious the war.Global Declines means global war…
FUCK!
War? No way. Obama will just talk to the fuckers that want to kill us. He will tell them that it is bad to be mean and shit. Then we can all sing Kumbaya together.
START BUYING NOW!!!!
I’ve finally decided to stop sitting on my cash I’ve been sitting on!
Don’t go “ALL IN” but we are very near a low!
If we Gap down go 30% in. Then if we gap down the next day 30% more, and then go all in if it goes down any more!
money supply increasing 15% or more every year, even if creditdies, the money has to go somewhere. shit is priced way too low. Buffet has been buying he’s going to put all of his personal cash to work, that doesn’t happen before another leg down!
It’s a bottom!!!
I’m not a bottom caller, I haven’t been CNBCing calling a bottom, but NOW I say NEAR a bottom. Upside is huge!
this unbanned returning dd seems markedly different than the retarded lunatic that was posting pre-ban. more controlled. dare i say it’s not the same douche.. imposter. possibly, perhaps probably, manufactured. posts just as abrasive yet much less frequent, yet posts aren’t laced with blatant 3rd grade wording. it’s not the same nimrod. imo
Scum Bucket: fucking hilarious post with the Evil Dead scene. HA!
The Fly is God.
There’s a place in Oakland called Double D’s that was handing out soup and sandwiches today.
The Great Depression Part 2 has officially started.
We come in peace…ack ack ack..
Now it’s time for a bedtime story about Asia’s Mr. Wong:
http://www.youtube.com/watch?v=Mwz3Bzh72pc
Fly, it is time to heave lightning bolts through the portfolios of the ill prepared. Raise the black flag and let’s go light scarecrows on fire.
It is a doctrine of war not to assume the enemy will not come, but rather to rely on one’s readiness to meet him; not to presume that he will not attack, but rather to make one’s self invincible.
OEW Summation for today:
“Support for the SPX drops to 789 and then 768, with resistance at 848 and then 912. Short term momentum was oversold at the close.”
“We now have double positive divergences on the hourly charts, and divergences on every time frame in the major indices. The pivot at SPX 789 should provide the low for this downtrend, unless of course, these divergences fail.”
Repeat: 789 Pivot should provide the low for this wave down … unless ??? Trade accordingly … should you accept this mission, good luck traders …. this message will self destruct in 10 seconds …. Pooooooffff!!!
The bottom calling on this board is reinforcing my gut reaction to short, although it’s tough, with everyone’s finger on the trigger, just a little momentum and we rally hard.
Gosh Darnnnit.
Is something wrong with the economy?
I have studied up now, getting ready for 2012.
I know that Africa is a continent. I know wha a municipality is?
I am good. You betcha.
– The US Fed will probably cut interest rates to zero percent over the next two months to staunch deflation, according to JPMorgan Chase. The Fed will lower borrowing costs by 50 basis points at each of the next two policy meetings on Dec. 16 and Jan. 28, JPMorgan economist Michael Feroli wrote.
Watching worldwide exchange. There are ZERO bottom callers. Every frigging person interviewed is calling for a massive depression.
I say we break. Crash. Then really crash.
Innocent babies being punched.
Milan fashion shows featuring duct-tape-wrapped boots, to keep the tears from getting your socks wet.
Old Testament shit with people trying to hide in caves.
A generation who will never touch the markets.
___________
I’m remembering my roller coaster dream and feeling uneasy.
– Copper, the worst-performing metal since the commodities market crashed in July, may plunge to less than $1 a pound next year as global inventories swell, according to David Threlkeld, president of metals trader Resolved Inc. China is “sitting on a tremendous unsold inventory,” Threlkeld said today in a Bloomberg TV interview. The trader first got the world’s attention in 1996 when he showed that copper hoarding by Sumitomo Corp.’s Yasuo Hamanaka would lead to a collapse4, and he’s studied the market for 40 years. Copper production exceeded demand by 26,800 metric tons this year through September, the World Bureau of Metal Statistics said yesterday. Inventories monitored by the LME have more than doubled in the past six months and are at the highest since March 2004.
Sounds good BOOMER…why don’t you go and hide in a cave. We’ll call you when it’s safe to come out.
http://blogs.reuters.com/great-debate/2008/11/14/quantitative-easing-has-begun/
I just found this, five days old. Quantitative easing/printing press article.
I’m already in a cave. A pretty pretty pain cave.
Well this has put the final nail in Citi’s coffin, the towel head prince is upping his stake and going to end up doing a kamikaze version of Joe Lewis (bear Stearn).
NEW YORK (Reuters) – Shares of Citigroup Inc (NYSE:C – News) rose 6.3 percent to $6.80 before the bell on Thursday after CNBC reported that Saudi Prince Alwaleed plans to boost his take in the financial services company back to 5 percent.
Bought UYG 4.73…
I don’t manage OPM but in my own bullshit accounts I’m balls-to-the-wall long inside my retirement fund and short outside of it. I figger if stocks go up that’s good cuz I’m net long. And if they go down, I have more cash to flip into the plan to buy cheap stocks. So I’m good. Still fucking scary though.
Fly,
I agree.
-DT
Wow, crude just plummeted to 50. That can’t be good for stocks.
-DT
Sold FXP pre-market @ $86, took a small profit. IMO there will at least be an opening pop, possibly tradable, possibly lasting most of the day. Act fast if you are going in. My next trades, should the levels be reached, are sell DUG @ $44 and buy UYG @ $4.50. If there is any kind of up morning, there’ll probably be a selloff late.
But, what the fuck do I know.
Hey, look at that, I’m already wrong 8 minutes later. Fuck off.
The name of my next album, “Don’t get rich, and die trying”.
You didn’t believe me yesterday, you unwashed heathens:
Prince Al-Walid Says:
Hey, I will buy more C shares @ 5 tomorrow.
November 19th, 2008 at 4:02 pm
http://www.cnbc.com/id/27819043
Can you hear me now?