A good friend of mine has confirmed, via psychic messages, that the devil himself, Lucifer, is actively short selling the market to zero. This makes sense, since “The Turkey Gods” have been found dead, near an orange dumpster, with all of their feathers plucked out.
There’s no need for me to give you financial advice, at the present. We’re in Armageddon trading; every man for himself—son.
However, I am willing to “opine” on a few matters, to borrow a phrase from a great man on Fox news. I would like to talk about treasuries and gold.
It is my belief, the pending failure of Citigroup Inc. [[C]] is causing large corporations to wire funds out of the bank, into alternative investments, safe havens if I may be so bold as to say so.
Hence, it is no surprise to see treasuries and gold boot stomp higher, while Citigroup Inc. [[C]] blows goat cocks.
Just know, after Citi folds, Bank of America Corporation [[BAC]] is next, with a side dish of Morgan Stanley [[MS]] . Then, all of a sudden, Chesapeake Energy Corporation [[CHK]] and National-Oilwell Varco, Inc. [[NOV]] will go under, due to their lines of credit and counter parties being cut off, alongside many companies, like [[M]] , who rely upon credit.
In short, I have a sharp blade near my desk and war paint on my face. Also, it’s worth mentioning, I might grow a beard again. This way, whenever my neighbors say: “Hey Fly, how’s the market ?”, I can snarl at them and show them my rambo knife, as if to say “I will kill you soon.”
I know, I know, “The Fly” is acting all crazy again, with bazaar late night posts and erratic postings. Just have faith in knowing that America, as we know it, will never be the same. And, the dairy lovers from Russia are fucked “communist style, circa 1997.”
In closing, I’ve cut loose a variety of longs, demonstrating a little bit of discipline. And, I’ve been adding to General Electric Company [[GE]] , whenever I get an itch. To hedge, I’ve been buying [[FXP]] in the low 80’s.
Life is good. Off to BBQ a few hotdogs over a flaming barrel of trash.
NOTE: I am 90% long equities. Back to that hotdog.
If you enjoy the content at iBankCoin, please follow us on Twitter
I just bought WBD … is it going to zero?
Eh, NOV has enough cash to make it through. BAC will not be allowed to fail, unless a Saudi prince buys in, in which case the fed will throw them overboard.
We close up 200 today.
hmm..i wonder if this is the BUY signal ive been waiting for..the FLY has capitulated 😉
I just came back to post the same thing — the last time I read capitulation in Fly’s tone, we shot up. Let’s hold this late-day rally, baby. I said ‘up 200’ 2 mins ago and now we are there. Let’s make it up 350, baby.
The Geitner Rally of 2008.
This is what happens to those caught short during this ‘rally’.
http://www.youtube.com/watch?v=G_6AyjDIqZA
p.s. that’s me @ 1:54
Emotionally: YES.
But, I am 90% long. I am TITANIC TRADING.
You can grow bears?
man, my UYG trade a few minutes ago was the fastest 8% i’ve ever made. that trade was literally on for 20min. thank you tim geithner, i guess.
PPT manipulating it so that S&P closes above 777, so the tech analysis guys of the world will get excited that it held above “support” on a weekly chart….
Yeah, the ol’ 3pm rip….sure, saw that comin’.
For the record, I’m pretty sure Sarah Pallin killed The Turkey Gods..
We are now in the “Cock Suck Zone,” led by head cockgoblin, CAP.
The 3pm rip: Textbook.
holy shit. just unwound 10k QLD that I bought seconds before the run. sweetness. i’m back baby.
The fucker, CitiBank, cannot get a bid, and is still down about 20% in the face of a 200 point rally.
C has traded 900,000,000 shares thus far. What is its float?
Gonna bust that little VIXen’s triangle.
We close 300+ today!
queueing up for another run?
Sell into this rally if you have any gains
A close at or very near 777 will be still further evidence that the market is manipulated and that stocks are for asshats.
I want to thank you fah letin me be mice elf again:
http://www.youtube.com/watch?v=md7oUJFY_6Y&feature=related
by Fly and the family Stone.
Sold 5K WEN from 2.83 @ 3.08…
Sold 500 of SBUX @ 7.75 from 7.25
GE @ HOD on Geithner announcement…Maria looks like has a major Mylan/Vodka hangover. I may buy GE.
The Geitner Nursery Rhyme:
Haven’t you heard of Terrible Tim!
Well, don’t you get in the way of him.
He eats lions for breakfast
And leopards for lunch,
And gobbles them down
With one terrible crunch.
He could mix a whole city
All up in a mess,
He could drink up a sea
Or an ocean, I guess.
You’d better be watching for Terrible Tim,
And run when you first get your peepers on him.
WTF….C can’t get past $4
My withering body, torn to shreds, as I crawl from my cob infested burrow to peek out momentarily into the distance and absorb a glimpse of light, ever so foreign, being cast upon my frail fleshy arms with shades of…green
“Sell into this rally if you have any gains”
“Sell into this rally if you have any gains”
STFU T MOE
Imagine if financials partake in this little rally?
Bought 2K of BAC 10.65…let’s see of the shorts cash out.
young newbie with 15k cash in saving account. Thinking of going long all in with C (for a year) at around $2.50-$3. Would you recommend?
BAC going to close green…
Broker A pegged it good…I’d post the chart but it is proprietary…
“Look at the chart of the 10 yr note above; it reflects the largest decline in the yield on the 10 yr in the shortest time frame I have seen in 45 years. It is panic. The yield fell from 3.87% to 3.03% in six sessions culminating with a 31 basis point decline yesterday alone; the 2 yr note yield yesterday fell to 0.98%, the 3 mo Bill at 0.01%. Those kinds of moves can only be described as panic buying as the equity markets fall and the economic outlook worsening by the day. Safe haven moves to treasuries also reflects massive liquidation of everything and securing cash. “
If financials partake in this rally, I’m fucked!
It’s never good having a boner siting at your desk at work
Insanity in the market again. On the upside now.
Bought 1K DELL (again)@ 9.36
Everybody sing!
“Sweet Caroline…bumm bumm bumm…good times never felt so good!”
I’m liking the Geithner news. Long live the Geithner Rally.
Financials to pick up the last 10 mins
Selling 2K of BAC @ limit 11.25 from 10.65…come and get it shorts. That’s the best I’m going to offer. You have 15 minutes starting…NOW!
Market Fool, where did you get that quote from?
I can’t wait until Obama announces a Transportation Secretary. That should be a good for 300 point bounce, too!
Let’s pray it continues 200 – 300 SP no, no, no 300 – 400 AW shoot 500 S&P points.
A collapse here means a crash on Monday…
BAC not part of this rally.
500 for the S&P 500 would get us back to September 26 give or take…
Hey master… no bad karma here OK?
Added another 1K BAC 10.63…now, 3.5K limit sell 11.25.
Can’t seem to push this last mule into the barn for a big $4K day.
“Market Fool, where did you get that quote from?”
Oops, I thought I included this.
A wizard Bond Trader named Shirmeyer.
Small FRy:
Poppycock: I’m up on this trade — and will not hold it OTW.
Kind of eerie. I seem to recall that the last time gold stocks rallied like this was the week before Thanksgiving in Nov. 1987.
“ALLPROz Says:
My withering body, torn to shreds, as I crawl from my cob infested burrow to peek out momentarily into the distance and absorb a glimpse of light, ever so foreign, being cast upon my frail fleshy arms with shades of…green”
I like that. Horror fan?
www.
flatrockfinancial.com
/report
.php
Market Fool:
good stuff. Smart guy. Where do you access his stuff from? Your firm?
Tx man.
I was positioned with 1000 shares of MA from 114 before the rally.
Sold all.
Off to drink some middle class man’s tequila.
-OUT!
Hey Zombie…true story…horror market…but not today…:)
I’m fucking amazed and fucking shocked! Citi is collapsing as the DOW is roaring higher!
Smallfry (this is what I DO..as in for a living):
SOLD!: All 3.5K shares of BAC @ 11.25 from 10.645…close enough, F that last mule.
Holding 1K DELL OTW from 9.36
sold everything but 1k qld and 1k bgu
Pinning the SPY at 800 how sweet.
Volume is very very heavy here.
This rally cant just be from the new Secty of Treasury can it?!
http://www.rallymonkey.com/video/kenindex.swf
$4K+ profit day and saw Quantum of Solace.
Fuck Moodys…off to the gym.
WOW!!
I was getting horny well before Geithner, babies.
Fuck yeah +11% on the day.
thanks Fly..u shud capitulate emotionaly more often
Wow, what a close! And I ain’t ashamed to say it… “I called this.”
http://ibankcoin.com/gioblog/?p=2357
… shorted FXP and EEV all day on twitter to prove it. 😉
Vix at 80 punishes the shorts yet again.
-GiO-
I think this “Rally” will fizzle out by monday, Bought FXP at $64.25, But we’ll see what happens
anyone know why GOOG/AAPL underperformed so much?
Donny thinks it’s better to be net long right here. This rally could easily go another 1000 points, just before the final firework show in January.
Market WILL go up Monday
Write it down
BAAHHHHHHHH
If the Citi situation gets taken care of I think we can start moving up without the autos.
Volume was really heavy today for a Friday and the rally coming late in the day is a good sign. I hopped into FXP at the end of the day at 67 just to make sure like Fly. Its small but I can’t be completely naked.
DEVILDOG are you in hiding again? Please come back out and play we need this rally to continue.
Dague: Why do you think it will fizzle? What leads you to believe that? Many unknowns are now coming out like the Treasury Secretary and Hillary Cunton. Knowns the street can deal with but its the waiting they can’t.
This action proves once again that the market is totally healthy. Cough, healthy I tells ya.
It rallied because Paulson isn’t going to be Traesury Sect’y?
FLY,
Can you please tell me why you BUY FXP not SKF as Hedge. Fuckin FXP is no longer moving and CHINESE seem to be becoming stable. Again i am rookie in trading.
Old Beardy’s expectations more than surpassed: three killer days in a row and swapped in the last hour today from net short to net long. Had I followed the Fly’s space alien magic call from two hours earlier, a few more grand would have been banked for the revolution, but what the hey – bunch of guys who really know Marxism are coming to town, kicking out those hacks who’ve only read the Coles notes version of my various Manifesti.
My only regret is that SRS didn’t hit $300 – just $5 short of the target – but amen again to the Fly.
BTW: DD last seen driving his viper very fast toward the Grand Canyon with a 34DD blow-up doll in the passenger seat, a masking tape “Hello my name is” badge reading “Louise”…
i managed to bottom-pick the UYG and caught a quick 8%. reloaded and caught another 8%.
after not making a single trade since the oct rally, i’m pretty happy with today.
“Horror as teenager commits suicide live online”
DD down 15+ pts on his SDP holdings …. more to come on Monday.
Barack Obama goes for Tim Geithner for Treasury.
SSF DOWN 40+ TODAY
BBAAAAHHHHHH
Uh, a day late and a $ short there rrrrrrrrrr
napping. srry.
Keep pushing. The rock is almost over the top. Harder, go pussies go!! We got her beat. DUH, I don,t think so. Losers.
Hey Canuck,
Where abouts in Canada are you from?
I don’t know why it picked up user “aris”….
Saskatchewan.
C one of the only losers today. Good call, cough.
anonyaris, for whatever reason, this site is leaving funky cookies on user comps, thus prepopulating the username field with the wrong info.
This just in…
Devildog long 10,000 shares of SRS and walked away without a stop in place and came back at the close.
Can you say Italian Margin Clerk showing up at his place of residence this weekend?
DEVILDOG left at 3pm to celebrate his winnings. Rumor has it he was over at Baby Dolls getting lap dances from multiple strippers while running up a 6 figure tab.
C is good for a 100% gain at $5 or under. Too big to fail. Plus they have a brand name that’s much bigger than Bear or Lehman. The Arabs will buy them out. No way is Alwaleed losing his money. He will arrange something with his Arab buddies.
CAP,
These guys are the original greens; they invented recycling. So…
With his buddies, the Prince will arrange a much higher oil price in order to cover his losses on US equities, C included…
He gets it back both ways…but he may end up getting more back via oil than C share value.
FLY:
Excellent observation on GLD. Kept getting pissed today that I missed DGP today and couldn’t figure out what I missed. Silent runs…. That’s why the board was meeting
Here is a link for Wal Mart’s Black Friday shopping specials so you can plan your attack if so desired.
http://bfads.net/WalMart/Name/Page1
PLEASE LET THIS BE TRUE!!!
http://www.bloomberg.com/apps/news?pid=20601087&sid=a3ArjWNoRSKw&refer=worldwide0
CAP: 100% agree with you. My only position in C is in an IRA account but I would be buying it here.
Friday night lights and the FDIC playbook is closing number 20 tonight.
I’m looking for a DevilDog. Please have him give me a call. Pronto.
Nice pic of Burgess Meredith (Lord Jeffs ’42) on the cover.
Ya got no guts, Rock!
_______
gappingandyapping
I have that’s true too. Currently the only position I have. Deal going down this weekend.
* I hope
Hook’d on phonics werk’d fer me!
Fly wants to know what happened to the turkey gods?
Sarah knows.
________
Also, it’s worth mentioning, I might grow a bear again.
Hmmmmm…. sic?
__________
I may have to go vegetarian again.
Everyone should grow a bear.
man, my UYG trade a few minutes ago was the fastest 8% i’ve ever made. that trade was literally on for 20min. thank you tim geithner, i guess.
That 3.25 buy (10k shs) today came in like the 5th at Acqueduct.
I suppose I should learn a lesson from the fact that my best trades come when I’m not at my desk weeping blood and throwing shit off my balcony office.
_________
…”I might grow a bear again”…
—————-
Yo !!!
I gotcha bear right heah !!!
.
i hear that, jake.
T Moe is right on….If you are long anything right now. Sell this rally on Monday. We are going lower!