I thought the name “WeeklyTA” was nonsensical, especially since he does technical analysis daily. Plus anyway, since I’ve decided to give him a tab, that fucker needs to be reborn, in an odd/internet sort of way.
I give you “The Chart Addict,” not to be confused with other addicts that surf the interwebs.
In my opinion, technical analysis is equal to burning incense, while playing with a Ouija board, then calling it “magic.”
However, The Chart Addict is quite entertaining, young, and seems to be on his game, unlike Howard. I think he can help stop some of you morons, from feeding the recession demon large stockpiles of cash and coin.
In other news, people are getting bearish again. Watch for those people to dive headfirst into the recession pool, at the first sign of weakness. Much to their chagrin, “Santa Fly” has populated the deep end with hungry alligators, in a very egregious/demonic sort of way.
I hope it’s Weekly TA.
The Fly says buy C on Friday at $4 and sell on Wednesday at $8 – that’s all it is to this stock market stuff – case closed.
It is Wave C—–Deal with it…
Nov. 29 (Bloomberg) — U.S. consumers spent $10.6 billion on holiday purchases yesterday as shoppers anxious for bargains flocked to stores.
Sales rose 3 percent from the same day last year, Chicago- based research firm ShopperTrak RCT Corp. said today in a statement. The increase was highest in the South, with a gain of 3.4 percent over 2007 and smallest in the Northeast where sales jumped 2.6 percent.
“So far, so good,” said Craig Johnson, president of Customer Growth Partners LLC, a retail consulting firm based in New Canaan, Connecticut. “But a decent Black Friday figure doesn’t predict the whole season. The question is, how much momentum we can keep” in this “challenging” economic environment, Johnson said.
Sounds like good news for CBL, no?
Developing…
(reminder to chickens — the preferred is still very cheap as well)
__________
Hey, scooter, good to see you. Strike ’em out for me!
http://tinyurl.com/FDIC11
Thank you all, it’s really great to be here. I’m very excited to have my own tab on iBankCoin. More updates later. BOO YAH!
You wish!
Gotta be Tim
Eye No, Don’t bet the farm on that article alone, I’ve read three others that are bearish as hell.
4 example
After Christmas, the retailers will pay you to visit their stores and carry stuff off – for free!
They haven’t ::even:: begun to factor in the 12/26 returns.
Wave C …. You’re fucked if it’s WAVE B …. you sure?
Has to be Eddie Haskell.
Is Breakfast Taco making his return as a TB?
That would be cool as shark shit.
Remember that guy?
LOL @ Jim Cramer
The Fly is God.
Behind the scenes video here.
Breaking news: the turkey rally will continue on Monday.
M to 10!
http://www.bloomberg.com/apps/news?pid=20601087&sid=aBvgyrY3aNPg&refer=home
That’s bearish news depending on how you read it:
http://www.cnbc.com/id/27968805
Hopefully the turkey rally continues long enough for me to buy more shorts in the morning.
Forget last year’s number – it beat the expectation that was baked into the cake. We rally.
Also, since we’ve averaged about 4.1% inflation this year, a 3% increase in raw dollar sales is an effective decrease in sales. This doesn’t count the fact that the margins on those sales are probably lower than last year as well.
But, I have a feeling it beat expectations for a small pop in the morning, followed by a glorious return of the bears.
Congratulations in advance to John, aka WeeklyTA.
That’s my prophecy, bitches.
And continued happy holidays.
Congrats John!He really deserves it.
Shopper Trak = Full of crap.
Dear Mr. Fly,
No wonder I had to re-install Windows from scratch….your website is like a viral, stinky, cooze-dripping venereal disease these days.
Get some seh-cure-ah-tay on the firewall, bro!
Black Friday retail sales surprise +3%!
Thanks again,
Jack Mehoff
nO VIRUSES HERE, FUCKFZACE.
You misspelled “fuckface,” scooter…
http://tinyurl.com/more-about-fucking
Those ShopperTRAK numbers smell bogus to me. I went to their website and looked at previous press releases saying sales were up in September and October. It looks like they calculate their numbers based on foot traffic from video cameras (no joke) and other “proprietary” indicators. What a joke.
Meanwhile the last Mastercard SpendingPulse numbers which is from actual credit card spending data (real data not estimates) continues to be horrendously negative for retail.
PPC chokes the chicken again.
Right, +3%. Not. Whatever.
Mastercard SpendingPulse released their numbers for the first half of November:
-Apparel sales -19%. Women’s apparel -19.7%. Men’s apparel -20.5%. Footwear -11%
-Electronics and appliances -22.1%
-Luxury high-end sales -21.1%
-E-commerce -7.5%
October 2008
-Apparel sales -12.2%. Women’s apparel -18.2%. Men’s apparel -8.3%. Footwear -9.7%
-Electronics and appliances -19.9% vs. -13.8% in September
-Furniture -15.1%, home furnishings and decor -20.6%
-Luxury high-end sales -20.1% vs. -4.8% in September
-E-commerce -3.9%
-Restaurants +0.3%, fast-food +1%
is it me?
bilderberg?
thurston Howell?
DAMON
Stop watching GAY MOVIES in the internet and your computer wont get viruses…
Freddy-
Is that WHAT caused it??
Damn GAY HOMO FLY WEBSITE…I forgive you…
To make up for it, how about predicting the future, Fly Master.
…a “NEW tabbed blogger” indeed !!!
——————
99.99% of the eyeballs come here for ONE REASON and ONE REASON only…to see the DAILY “trainwreck” that IS…
The Fly !!!
Actually, you should be eliminating “tabbed bloggers” !
Start with “woodie”…what a waste of bandwidth !!! LOL
.
Your Mother is a prostitute.
Tabbed bloggers are old hat. I want to see tagged bloggers.
http://allenmossherefords.com/Yearlings/ET291.jpg
http://alaska.usgs.gov/science/biology/polar_bears/images/rfid_tag.jpg
There seems a lot of scared people at this blog: scared of the dreaded recession. Fellas, don’t be scared. It’s only a recession and the country will come out of it.
Fly: Who’s your Polish friend posting in the PG who doesn’t allow comments?
I was hoping to practice my Polish.
Wall Street fundamentally misread the consumer – consumers decided to wait for christmas deals; they didn’t decide not to spend at all. Compare +3% black friday with GS view of -5% GDP in 4Q. GS was just plain dead wrong.
It should be upsidetrader, but I suspect it is either ME 🙂 or weekly TA.
Fly, get upsidetrader on here. Pronto.
I’m baaaaaaaccccccccckkkkkkk
jk
Breaking Signs of the Apocalpyse:
First week of Advent hymn today:
Lo! He Comes with Clouds Descending
First two lines, second verse:
Every eye shall now behold Him
Robed in dreadful majesty;
__________
(My wife is wondering why I was “lol’ing” in church…)
____
Full song, written in the 18th Century, I’m pretty sure by the Fly on a day his time machine broke down. Odd no?
Lo! He comes with clouds descending,
Once for favored sinners slain;
Thousand thousand saints attending,
Swell the triumph of His train:
Hallelujah! Hallelujah! Hallelujah!
God appears on earth to reign.
Every eye shall now behold Him
Robed in dreadful majesty;
Those who set at naught and sold Him,
Pierced and nailed Him to the tree,
Deeply wailing, deeply wailing, deeply wailing,
Shall the true Messiah see.
Every island, sea, and mountain,
Heav’n and earth, shall flee away;
All who hate Him must, confounded,
Hear the trump proclaim the day:
Come to judgment! Come to judgment! Come to judgment!
Come to judgment! Come away!
Now redemption, long expected,
See in solemn pomp appear;
All His saints, by man rejected,
Now shall meet Him in the air:
Hallelujah! Hallelujah! Hallelujah!
See the day of God appear!
Answer Thine own bride and Spirit,
Hasten, Lord, the general doom!
The new Heav’n and earth t’inherit,
Take Thy pining exiles home:
All creation, all creation, all creation,
Travails! groans! and bids Thee come!
The dear tokens of His passion
Still His dazzling body bears;
Cause of endless exultation
To His ransomed worshippers;
With what rapture, with what rapture, with what rapture
Gaze we on those glorious scars!
Yea, Amen! let all adore Thee,
High on Thine eternal throne;
Savior, take the power and glory,
Claim the kingdom for Thine own;
O come quickly! O come quickly! O come quickly!
Everlasting God, come down!
________
OT – Anyone have a recommendation for a software package that would help me better track my piker portfolio? I have a stupid Vanguard account and their interface is total doo doo. Just want something that tracks performance, can maybe spit out a schedule D at the end of the year, and can maybe interface with Vanguard so I don’t have to input all my buys/sells. I used to only make a few trades a week and my excel spreadsheet was manageable – now that I make a few trades an hour, it’s a lot more difficult.
I second ShortBus’ cries for upsidetrader.
punyandy- Take a look at this software package that I have linked. There are others such as Gainskeeper but can get expensive depending on the number of trades. Also talk to your CPA or accountant about filing for trader status so you can do mark to market and won’t have to be concerned with wash sales.
http://www.armencomp.com/tradelog/
Thanks for the link, Caddy. Two takeaways for me – first, Vanguard doesn’t work with that software, so I need to get rid of Vanguard (not just because of this package, but because it does not work for active traders). second, i need to talk to a tax guy rather than always doing this shit myself. i don’t know the difference between a wash sale and a washing machine.
+1 for Tradelog. I love it. It would be insane to try and handle the 600+ trades I’ve made this year manually.
Well Wood, you had a good run. Time to pass the torch to someone green and flexible… 😀
I think it’s DevilDouche
Holiday shopping off to higher start
Online sales reported up 2% over first two days of weekend, while modest gain seen in stores.
NEW YORK (CNNMoney.com) — Early indications pointed to slightly higher sales, both online and at stores, as the crucial holiday shopping season kicked off this weekend in the midst of a major economic downturn.
Online, initial returns showed a 2% gain in combined Thanksgiving Day-Black Friday sales from last year, according to figures from research firm comScore released Sunday.
The firm said sales were up 6% on Thanksgiving, to $288 million, while sales rose 1% on Friday to $534 million.
Thanksgiving Sales Robust
NEW YORK (Reuters) – Reports as of mid-Sunday from retail scan indicates that Thanksgiving weekend sales are significantly more robust that even the most optimistic economists predicted. Sales at major department stores are reported to be up 5% over 2007, major electronic stores showing increases of 6%, and discount retailers performing better by an astonishing 7%. Most economists had predicted flat to declining sales given the dour outlook for economic activity. Shoppers appear to be ignoring headlines of a poor economy and opening their wallets as a surprisingly strong holiday shopping season unfolds. One noted retail analyst, The Fly, commented “Fuck ya, I’m long the market, making coin, and holding up retail sales with all my godly and egregious buys of various shit from China.”
Did you fall for it?
Jake, no wonder you were laughing, robed in dreadful majesty, yep, that’s our Fly.
punyandy, try TDAmeritrade I think you can do everything within your account, it doesn’t print in a spreadsheet format, but it does summarize short and long term gains/losses nicely and will give you the info you need for the Schedule D. You also might be able to download the info into an spreadsheet if you prefer to work that way. All in all, for a small trader TD Ameritrade has worked well for me.
Up to 19,000 employees of Washington Mutual face being laid off this weekend as JPMorgan Chase turns up the synergy on its recent acquisition.
On Friday, JPMorgan Chase (JPM) said it expects to retain the 22,000 employees who work at Washington Mutual branches and 2,000 workers in the mortgage and wealth management divisions in California, spokesman Tom Kelly told Forbes.com. The company has not yet determined the total numbers to be cut in other states, but it planning to inform all former WaMu employees of their job status by Monday.
Eye No, you bulltard, buy Zales if you believe that crap.
It doesn’t even matter what the news says about retail, everyone is thinking the same thing: pullback this week.
punyandy – try Fidelity Investments, they have an Active Trader Pro software that lets you do all types of things incl. live streaming charts, quotes, watchlists you can set-up, etc etc.
Juice – czemu ty chzesz po polsku rozmiawiacz? lepi pierf nalucz sie po Angielsku!
This is rediculous. You’re running out of space…
Hell, why not just give everyone a subtab or some bullshit.
Or make a sister site “Iwankloin” where everyone gets a tab.
Buylo … Dzien dobry! Bardzo mi mi?o . Czy lubisz lody? Czy mowisz po polsku?
I had a Polish girlfriend for many years. Was there several times. I am waaay tf out of practice. I was first there in the early 80’s while it was still Communist. Arrived on May Day (May 1). They were displaying their military hardware, commie style. Very trippy but fun/interesting for me.
Give scum bucket top billing beotches!
from reuters:
“I don’t believe that up 3 percent on Black Friday means we
can look forward to up 3 percent for the rest of the season. I think we’ll see a lot of aggressive discounting in the last two weeks.” – Michael Unger, principal in the retail practice at Archstone Consulting.
“Consumers are being very cautious about how much money they are spending. I have very little confidence that the sales number will be up year-over-year” for the season. – Stacey Widlitz, retail analyst with Pali Capital.
andy “black” swan?
juice – tak, ja muwim po polsku, lubie lody alle lod mushi bicz na cicku. Wniemczech Munich sie urodzilem ale wdomu po polsku rozmiawalyszmi. Teras mieszkam wChicago. Yeah, the commies were a trip but the folks laughed at them, despite fearing them for good reason. One of the last times that polish guy appeared here I think he was talking about yorkshire terriers but I might be wrong. Powiec collegiem “Mucha” zieby sie poprawil bo 80% dogury wjednym roku to jest zamalu.
Thanks for the tab, Mr. Fly. This forum will be a great place to hawk my rags.
Remember, they make great Christmas gifts. Buy 4 rags for $19.95 and if you act immediately, I’ll throw in 4 additional rags absolutely free.
Don’t be fooled by imitators. ShamWoW!!
Don’t listen to Vince. I am the new tabbed blogger.
Remember. Just set it and forget it.
All of this Polish talk is making me hungry for gwumpkies and pierogies. I like the potato and kraut ones myself.
Saturday, November 29, 2008
China’s National Pension Fund To Buy More Local Shares
HONG KONG (Dow Jones)–The national pension fund has pledged to invest in the mainland’s moribund stock markets, a move that reflects Beijing’s determination to help shore up investor confidence and lift the falling indices, the South China Morning Post reported Saturday citing state news agency Xinhua.
stealth Santa Claws bear market rally continues…
off topic… TC, I make the full traditional 7 course Polish Christmas Eve dinner for my husband, including fresh sauerkraut soup with Polish mushrooms, pierogies with sour cream, smelts, herring, rice with prunes, etc. Of course we’re heathens and also add fresh kielbasa (it’s supposed to be meatless). We get our full year’s worth of cholesterol in one delicious meal… and then go back to our healthy diet. He loves those galumpkies too but they take a lot of work to make. Sadly I know not a word of Polish, props to juice and buylo for their language skills.
oh, and we share an oplatek before before the meal with a blessing. Good stuff. Thanks, this just reminded me to order some oplatek on Ebay.
I missed this. maybe you did too:
http://biz.yahoo.com/ap/081128/eu_britain_rbs.html
RBS to be taken over by British government
Friday November 28, 12:51 pm ET
By Emily Flynn Vencat, AP Business Writer
Royal Bank of Scotland says British government will buy majority stake in bank
LONDON (AP) — The British government will take over Royal Bank of Scotland Group PLC with a majority stake of almost 60 percent after the shareholders of the nation’s second-largest bank shunned an emergency share issue.
ADVERTISEMENT
The 20 billion pound ($31 billion) rescue takeover, the result of a plan announced last month, means that dividends on common shares will be scrapped and top executives’ bonuses will be canceled. Chief Executive Fred Goodwin has resigned and Chairman Tom McKillop, who last week personally apologized to shareholders for the 85 percent fall in the bank’s share value, has said he will retire next year.
RBS’s 1.8 trillion pounds in assets are topped among U.K. banks only by those of HSBC. Its operations around the world include Citizens Financial Group, a commercial bank holding company headquartered in Providence, R.I., and Greenwich Capital Markets, based in Greenwich, Conn.
Fears about the solvency of RBS intensified this year as the global credit crisis contributed to it writing off 5.9 billion pounds ($9.2 billion) in bad loans. A third of that was due to last year’s ill-timed euro14 billion acquisition of part of Dutch bank ABN Amro.
The government’s shares will be held by a company called UK Financial Investments LTD. Its charge is to maximize value for taxpayers and prevent politicians from making business decisions about the bank.
MUMBAI (Reuters)
New Delhi said it was raising security to a “war level” and had no doubt of a Pakistani link to the attacks, which unleashed anger at home over the intelligence failure and the delayed response to the violence that paralyzed India’s financial capital.
Officials in Islamabad have warned any escalation would force it to divert troops to the Indian border and away from a U.S.-led anti-militant campaign on the Afghan frontier.
That India thing is so not 9/11. It’s more like a high school prank.
“China’s National Pension Fund To Buy More Local Shares”
I can smell the desperation, time to buy more FXP.
Boca , smakuje ! (regarding your dinner menu) that just means ‘tasty’.
Buylo, I am soo out of practice, but I think I get the gist of what you’re saying regarding your family, where you now live, etc.
I loved learning, listening to & trying to speak Polish. Very interesting sounding language. Always had a great time there.
Is that you writing in the PG?
Magic 8 Ball sez Nikkei & futes point lower.
Boca- My In-Laws are Polish so I get some good Polish food when we visit (Cleveland area). My wife does alot of the Polish food also on Christmas Eve. I know some Polish but my daughter is pretty good at it having lived near some Poles while working in the Peace Corps in Romania.
Always wondered if a Polish type restaurant would succeed in Florida. Kind of like a Too Jays (from your area) of Polish food. Probably wouldn’t have a chance, I guess.
The Polish restaurants don’t make it, but there are a lot of people of Polish descent that moved here from CT, Michigan, Buffalo, Ohio and of course directly from Poland. So I guess they are all cooking at home, because there are several excellent delis and food stores where you can get pretty much anything Polish you want. Good food but nearly impossible to stay slim on Polish food.
Somebody told me to check in here because I need to bank some serious coin ASAP before I go bankrupt again.
I’ve got 1000 shares of CROX to my name please advise.
Panda’s dying more quickly:
http://www.bloomberg.com/apps/news?pid=20601087&sid=abvqNBGbjbYA&refer=home
Talked to a guy who owns garment factories over there, primarily running stuff into Oz. He is having the worst time in his life – but takes some comfort in the fact that his competition is suffering even more…
All hail FXP buys under $51.
boca, Polish food will not make you fat if you stick to the low-fat, low cal variety, ha!
juice, that’s not me on the PG, that guy writes Polish at the university level which I can’t touch. Ya, the Poles are very nice and friendly, hard working and hard-drinking folk (if you had to live under communism you would drink a lot too) with a very interesting history, what with kings, queens, Teutonic knights, castles, etc, and then there is Chopin, etc., unfortunately no – Mucha.
way to go Chart Addict.
Did Fly fire Adam?
Merideth Whitney tonight:
First, I am more bearish today than I have been in the past 18 months. In so far as the market has impacted on the economy, capital destruction has been so intense that multi-trillions in capital raised by institutions through both private and public capital has gone to plug holes and not stabilise the effects of shrinking liquidity to corporations and consumers. More than $3,000bn (€2,365bn, £1,955bn) of available credit has been expunged from the markets and therefore corporate and consumer borrowers so far this year.
I estimate that the mortgage market will shrink for the first time in US history and that the credit card market will be 18 months behind it.
read the whole thing at
http://www.ft.com/cms/s/0/11344d06-befb-11dd-ae63-0000779fd18c.html?nclick_check=1
Fine choice, Fly. Love the new name. It’s like Al Pacino in “Two for the Money” changing Brandon Lang’s name to John Anthony. HA!
Has anyone heard from Breakfast Taco?
The Fly is God.
I will miss being KOPG.
Japanese REITs in trouble…
http://www.bloomberg.com/apps/news?pid=2…
Will someone give Merideth Whitney a mercy fuck so she can snap out of the doom & gloom she’s in.
I get the feeling you turkey lovers are holding some retail stocks in bullshit names like M, and are alittle Nerv-I this evening..
Oh Look, the Chinese economy appear to be having a colossal bowel movement…still
http://www.cnbc.com/id/27988403
Wonder how much FXP will be down tomorrow as nobody seems to care when the Shanghai composite index goes down. That said Shanghai was up last I looked.
FXP trades off Hang Seng prices…
for all you copper heads, Citi cutting PCU estimates tonight:
**
Cutting EPS — We are cutting PCU estimates based on recent declines in molybdenum and silver prices. The net result is a 57% cut to 2009 EPS to $0.46 from $1.06. 2009E metals price forecasts are: $2/lb copper, $10/lb moly (from $35), $0.70/lb zinc, $10/oz silver (from $17.50)
**
Rate: Buy/High Risk 1H
Price (28 Nov 08) US$13.76
Target price US$20.00
Expected share price return 45.3%
**
test
FLY: “In other news, people are getting bearish again. Watch for those people to dive headfirst into the recession pool, at the first sign of weakness.”
If by “first sign of weakness” you mean Monday at the open, then hells yeah.
Fly
He’s telling people to learn candlestick charting. That’s what the japs use and their miserable traders. odd no?
You should learn it. Your trading results may improve dramatically.
Dude;
My trading results are unblemished for over two decades. Why would I give up my trading style now for a system that the japs have used which has brought them rack and ruin?
I never took a poverty oath
oops they’re miserable traders…..
It doesn’t matter what type of charting you use. The charting can be incorporated into any system. And, it did not bring Japan down.
I never said it brought japan down. i said jap traders are horrendous. It could quite be so because they use candle sticks. After all they were the ones who invented that stuff.
“Chart Addict?”
I guess that’s better’n “Choad Addict…”
________
LOL
I’m just joshing around Coke addict. I use charts too, quite a bit. But i don’t use them to the nth degree like some people do such as those idiots like Prector(al) and other Dow chartists who see so called wave patterns. They’re just snake oilers.
Hey Help out here.
I’m looking at the 10 year daily for the Aussie Yen which shows an enormous divergence from the 200 ma.
Don’t you think it could be wroth buying Aussie yen here. trouble is that the recent bottom is 7-8 Aussie yen away.
I use charts to help see the trend, that’s all.
oh, I don’t do that wave shit either. That’s kinda borderline lunacy.
Show me a chart
Marx,
Maybe in theory, but in reality (last 6 months) Hang Seng is off what 50% and FXP is off 25%. Look at the S&P 500 off 35%, SSE Composite down 45% (approximate numbers). No fucking correlation to anything. FXP should be through the roof, unless it is being actively managed…then who knows. Certainly couldn’t program trade or arb it (I’m not taking into account time zone differences either).
why the hell was it still posting as WeeklyTA
“Jap” is racist term in Hawaii.
For the record, Japanese girls are beautiful!
So what should we be calling you for short? CA, TC, TCA? Chaddict? I think I’ll just call you JC.
-gio-
BTW… GREAT choice Fly!
(I only pretend like i know how to read charts)
Gio
Japs is not racist as far as I’m concerned. It’s not meant to offend anyone.
So there is a new tab for someone to post what Wood is suppose to be posting??
/me walks around kicking sticks
4fl3x, there is a lot of demand and competition for my time and talents. So sorry that my job description has not met your expectations.
Cubs: some bad blood btw u & the woodshedder?
Na Juice, Wood was my favorite on this site. This was before he started building his shed out of bamboo.
4fl3x, you mean the big bamboo, that has returned better than 13% since Sept. 29th, fully transparent, with actionable signals posted the night before they are to be acted upon?
You do realize that the system is based on TA?
what’s great about having multiple technical analysts is the multifaceted ideas and opinions that each one has. Wood, Danny, and I can look at the same chart, but we may all see different things. We all have our own style to complement each other.
Courtney Reagan is hot.
Addict, agreed.
My main issue is/has been how many ways do you say and chart that we are in a bear market? After awhile, and especially when indicators/oscillators have lost some effectiveness due to the volatility and dislocation, it seems like a waste of time. So, my time has been spent finding ways to use TA to build systems to trade during this bear. I’d say I’ve been successful.
When the markets calm down a bit, and things get back to “normal” there will be plenty of time for standard TA fare, such as analysis of chart patterns, breakouts, breakdowns, etc.
Congrads Chart Man…
FXP will prevail today and dump a plethora of smelly lower east side Labia juice on those who doubt it ?
Who is in ? What about that JPM 22k layoffs ouch this is far from over. I can only imagine after the new year the waves of layoffs following the mergers her in Q4 and Q3.
Hey dudes, but I thought charts were self explanatory… ie you all see the same things. So fly is right, hey. It’s all tea leaves crap.
J, odd that you and racist came up, in yet another comments section.
Coincidence?
Malaka
Please tell us something we don’t know. That’s old news.
shed
Correct…. apparently it’s racist to refer to Japanese as Japs in … Hawaii… My bad. Caught red handed with that one.
Use the politically correct term “Nips”.
“Chaddict” has a certain ring to it.
For more formal occasions, Mr. Chart Jones.
Theme for the day: F the market. All eyes continue to be on retail sales, to me they are a proxy for the average American’s confidence and feeling free to spend for the next six months to year. I’m very busy selling and shipping, as it should be. This is good, means I will survive to fight another year and it’s not time to close up shop. Armageddon has been temporarily postponed.
J, It’s not just in Hawaii. Referring to the Japanese people as “Japs” is a racist term period.
Reports out that Chinese authorities are in a state of near panic as the economy slow causing civil unrest; Thailand protestors won’t allow the airports to function stranding thousands of travelers; India being terrorized….
and yet gold can’t catch a bid. Down almost $35.
Looks more like deflationary depression than inflation to me.
Anyone still long C??
J,
Easy Easy there Einstein…My Tufts Uni Education might not be much but I am not one to say I am a professional. Thank you have a great day ha
THIS is why I buy SRS and SKF calls . THIS is why
Did everyone buy into FXP and SKF on Wednesday and Friday ?
No Malaka, I got stuck with buying EEV and SRS 😛
Anyone have an opinion on CHTR, trading at 0.18 and I don’t see them going away.
Covered my BOOM short from Friday, but feeling like I should have pressed it harder.
I believe The Fly is still long C 200K shs.
malaka
i wouldn’t be advertising tufts.Isn’t entry contingent on scoring 38 on the SAT?
Good god TZA is fucking wild, I picked up this beast at the end of the day on Friday and its one volatile fucker.
looks like the pros are back.
Wow I guess you got me there J fucking bone head… what are you rolling with this week ?
Is anyone going long here?
I just went long BGU and QLD, for a trade.
Selling my UYG(BOT @ 4.40) today.
This week is gonna be bad…
Fly clearly stated he sold half his C late last week at a monstrous profit.
The Fly is God.
has anyone been following the VIX over the last week? I think it has been very telling although I would like to hear from someone with more expertise on the matter.
no one loves the Fly more than me, except Zombie…
but the FLy was ripping some of us for buying SRS and SKF protection.
All im saying is, spend a small portion of the gains from the last 6 trading days to hedge.
Im actually UP a decent amount today, for a tiny investment in calls on the double inverses
bought RIMM on Friday anticipating a continuing rally. Nice to see it holding up this morning despite the market carnage.
Malaka
C
BHP
MS
short gold, short euro. Tight stops.
…a bit of trivia…
Speaking of Meredith Whitney…
…she’s married to “Bradshaw”…as in John Bradshaw (the wrestler) !
You know…the loudmouth wrestler who’s on the Saturday morning FOX Biz Shows all the time !
Un-freaken-believable !!!
.
Yea, she’s married to a professional wrestler. Ain’t that funny.
But she worked under a very good analyst who now runs a hedge fund and was taught to be very cynical. She’s very good.
still long C here
…actually, it’s…
John “Bradshaw” Layfield !!! fwiw
.
Stepped out of those long scalps. Fearing elevator down.
Shorted RIMM at 44 for a quick day trade
Anyone buying TBT here?
new lows…
evelrator dwon…
TBT can suck my ass.
Minyanville Staff
09:33:54 AM
No positions in stocks mentioned.
Vibes from Minyan Tony “Snoop” Dwyer of FTN Midwest
* From a fundamental perspective, the points that have plagued investors have deteriorated further over the past week.
* More money is seeking safety by investing in Treasury only money market funds. As a result, 90-day U.S. T-bill yields are 0.04%.
* Corporate bond spreads continue to hit new records every day relative to the historically low 10-yr U.S. Treasury yield.
* The Baltic Dry Index of shipping rates has fallen to a new low since the earlier year peak and remains down over 90%.
* From a tactical perspective, the rally off the 11/20 low moved the market back toward downtrend resistance and near overbought levels.
DevilDog was saying that December would be brutal and we could see new lows. Say what you want about him, but he has had some good calls. I am wondering if he will be right this time.
A lot of bad news out there, but has the market priced this in?
This just in:
The New Deal is the same as the Old Deal, except with more caffeine.
PS:
Trolls fuck off
If you have been long TBT over the past few weeks I’m sure it sucks ass but how much lower can yeilds really go?
http://www.bloomberg.com/apps/news?pid=20601213&sid=aIKuL6Qk19bU&refer=home
The Fly must have over slept. New Thread please
DD has had some good calls(Nov 18th or 19th)
Moe
could be priced in but any “new” bad unexpected news sends things packing further. November’s theme was the possible demise of Citi.
If anything bad happens this month it will be in Europe I reckon and that could cascade elsewhere. if nothing comes out in the next 1 1/2 weeks the market will trade higher.
Dogs calls are not based on anything though. He wasn’t exactly loudly predicting the potential collapse of C, was he?
He never predicted the rally.
C, BHP have rallied 50% from their fucking lows. that’s where the real money is.
I bought C at 5ish average and loaded up on BHP at 22 1/2 Aussie.
Trading the short side is now too hard.
DD
His latest call is for big pain on the 12th. There is a lot of news due out on the 12th. Like CPI, retail sales etc
j
For me trading the long side seems even harder.
yea Moe depends where one’s head is at.
look prefer to wait and see some opportunities on the long side develop as they have pretty big corrections.
i liked the short side from around 12,000 to 9500 ish. I lost interest on that side from here on in.
prepare for a big ass move this week and/or next.
Dec 4th – Factory Orders
Dec 5th – Unemployment rate, Chg in nonfarm payrolls
20%
Hat – upside or downside?
It’s possible it goes either way, but right now, from the looks of things I lean towards lower
People have adjusted to this volitility, and one thing you can expect is the unexpected. Volitility spikes have been pretty even and consistant, which is inconsistant from how it tends to behave.
Used to be vix above 15 was peak. then 20, then any daily spike above 30, which usually ended up around 35.
Now spikes above 80 is the vix peak, but the Vix could set up for something big here.
It looks like Vix may spike above 80, maybe even taking out the highs, and then maybe drop below 60 again. most likely in a short amoung of time.
for stocks, potential 20% move down, then maybe 20% up.
expect the unexpected
Good evening!
I am interested in Online D&G Dolce & Gabbana long sleeve shirt. Searching the internet I found some websites.
Here is one of the testimonials
?»?I bought this shirt for my husband to wear to our daughter’s summer wedding. Because it was for a wedding, I replaced the buttons with some that had a dressier finish, but the original buttons were acceptable for everyday wear.
He said the shirt was comfortable, and he looked handsome while he kept cool in the summer heat.
It has kept its finish, with light pressing, through the washings it has had so far. A good shirt for the price.
I think ?»?Casual wedding shirt
What do you think?
P.S. By the way, here is one more website Online D&G Dolce & Gabbana long sleeve shirt