As I sit here, lamenting the fact that I am long anything, I find comfort in knowing the Depression is upon us.
No more will those old fuckers be able to say “back in my day, during the Depression, we ate wood chips for breakfast and rock soup for dinner.”
See, thanks to the heroin addicted hippie generation, driving our economy into the fucking sewer, my generation gets to “feel out” a 21st century version of The Great Depression.
Really, is it any surprise that the worst generation known to modern man, since apes started walking upright, effectively spent this nation into a fucking drunken mess? It’s sort of poetic in an odd sort of way.
The old timers, my grandpa and his ilk, would never stand for such fucktarded policies. He never applied for a credit card and refused to buy anything, unless he could afford it.
It’s the fucking hippie bastards and their drugged out demented brains that got us into this mess. All of the banking CEO’s are asshat baby boomers— every last one of them.
Back to reality:
I am enduring some pretty sizable losses today and may bulk up on FXP, into the close. However, I will refrain from doing a 180, going net short, until the market proves it has no interest in going up, which will be resolved sometime tomorrow.
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1st
Fly, do you strongly doubt that the auto bailout will pass? F looks good to me.
I would never buy an auto.
let’s just light this fucker up and get it over with. all stocks reset to “0”bama
I’ll bet all you bulltards love that stuttering, lying, bag of shit paulson. BAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!
this is pretty fucked up, no?
DEVILDOG…you are angry because Paulsen pulled out and jizzed on your face.
It’s amazing how the Turkey rally played out so perfectly.
A market without turkey is defenseless. I think you learned that now.
Fly,
Are you a Ron Paul supporter?
Paulson’s words are confident, but his demeanor, wobbly voice, and awkwardness says OMGWE’REFUCKED.
No.
Ron Paul is a fucking imbecile.
Course he’s a Ron Paul supporter. Fly does have an IQ above 130…
Ron Paul is a nutbag.
AAPL weathering this storm nicely.
Paul says good things, but has no pull, which makes him an imbecile.
Meredith coming up. I am sure she will be chockful of rainbows and butterflies.
There was a “Greenspan Put”…Now I guess we have a “Paulson Call”…Market tanked 130 points since he started speaking; Why can’t he do it after the market closes?
Here comes Meridith Whitney to rub her cat all over C. Prepare for the drop again.
Hank Paulson scored a nut shot on DEVILDOG last week so he is pissed now.
Guess no one wants to bid up FXP like they used to, fuckers. This should be up 10 points minimum and yet I see it up a measly 6 points. Blasphemy!
I am fucking killing it with FXP and and SKF right now… I grabbed my balls and went for and its finally paying off. Unfortunatly those are the picks I am banking on at this time. Any suggestions on picks to offset in case of a market stomach virus ?
Look who’s on CNBC now! The Bank Killing Witch … Whitney!
Fly – you are too much !
btw, it is not the Hippies that are responsible for this mess. Any real Hippie is either dead, in a looney bin or have turned into gentlemen farmers.
Malaka, nice job. i am making an obscene amount of money on SRS and SKF, with so little capital invested.
HAHA look at F climb despite the market tumbling. Look at it. It is surely an illogical fuckhouse, which is exactly why it will do well in the next few days, because insane mother market looks after her own.
i still love meredith, because she makes me so angry. ^.^
BIDU getting rocked today.
STP & LDK too (LDK catches a downgrade and $11 target.)
GS getting hammered in the right direction.
What is Merideth saying?
Wait for it…Wait for it…Okay, here it comes, in the closing comments, MY PROPS.
Hey, where’d Adam go?
What happen to your turkey god bullshit?
Did Meredith Whitney just said she thinks stocks are expensive at these levels and have another 25%-30% down to go?
I can just picture FLy…”THAT BITCH! CURSE HER!!!”
He, where’d Adam go?
-598 ???
Why am I not surprised….
Boomers will be forced to cash out whatever they have left for Viagra and statin drugs…
Nothing but forced selling for the next 20 years…
Whitney also said CitiBank stock has NOT seen the worst of this.
IT’S THE END!
F hasn’t slipped yet.
Buying a small amount of SSO at the close for an opening bell pop in the a.m.
I should have stayed in the fuggin’ cave. I know things are going to be bad, but can’t we just have one little rally before the end? But, no—I guess not.
The market is a flaming mountain of garbage, getting thrown into the sea of perdition.
I love Meredith Whitney.
Poof, your testicles are gone.
Ford climbs while market dives. Get in now!
I just sold SRS @ 168. What the hell just happened?
Donny Sells FXP for 59.32, for another big winner!
This after buying it Wednesday for 49.55.
Thanks Fuckers!
Have you driven a F lately?
Tune in tomorrow!
Gee, who knew? DEVILDOG that’s who. NEW LOWER LOWS THIS MONTH. You should have listened to me. S&P with a 6 handle by next week. Write it DOWN!
S&P below 650 = Fortune Cookie
I think someone pointed this out, on here way back when…
But Since we’re on the subject, I thought I would bring it up again.
Ron Paul=Timothy Leary
don’t believe me? look at his eyebrows, and when he talks with his hands flailing…
YOU GOT YOO LOVE IT…….YHEA!!!!!!!!!!!!
3 inch Porterhouse and bottles of Gaya on Joe tonight. Plethora’s of gain today. On the other note I will prob be crushed tomorrow after holding a 20 dollar gain on my SKF and 6 dollar gains on my FXP.
Give me a break. Yeah, blame it on the Hippies. More like the 70’s and 80’s “Me” generation that got us into this mess. Most of the CEO’s are in their 30’s. Like flyman, wake up and smell the stench of “OhhhhhhhI need designer, footwear, clothes, plasma TV’s.etc.
Us Hippys are still content with our RCA 25” TV in our wall units, smoking our weed. I knew we were in for trouble once pac man hit the scene
Fly,
I was surprised that you were not in favor of buying some sort of protection last week.
I know things did indeed look different than previous bear rallies, and that the PPT had issued a buy on the market.(subject to change, depending on the treasury market)
Can you give us some insight to your thought process? especially in regards to the treasury melt up.
thanks
Now presenting: America’s IT Department
It just dawned on me that The Treasury Department and Federal Reserve are, in a way, like the IT department for America, minus the I plus Bill, if you catch my drift. They’re the two backoffice jerkoffs that read about and slightly understand subjects very seemingly technically difficult and try to elucidate problems a “common user” may have in a very hand-in-cock-know-it-all manner but to those with any bit of technical and social intelligence realize they hold nothing but rubber cocksabers. These “men” roam the office slowly down cubicle corridors with tense trigger fingers on their blackberry holsters ready to spend more money and purchase updates to fix the latest bugs. These “men” have constant wandering eyes, cut out their pant’s pockets, and autohide their Start Menu to avoid porn raids. These “men” are in fact cockless and fucking servants to ignorant men who are afraid to assert power over something they chose to not understand.
cleared my shorts and went long at the close.
Fly:
Why didn’t you buy into the UltraShorts SKF and SRS @ the beginning of the day? Should have used your cash from that phenomenal Citi call… Even if the fuck-up flower kids are screwing shit up now, I don’t think you need to worry about anything long.
You are The Fly. You always win.
ZM
Whitney also said another 20% down to go in housing i believe.
Indeed Fly, revenge of microdot parties at Haight-Ashbury and mind expansion ludes consumed en masse at Greatful Dead lovefests 40 yrs ago by CEO power elites…Result, makes TARP plans and bailouts look logical.
FXP is the Devil’s instrument! Fuck those yellow skinned bastards with pointy heads!
I wish I had a rubber cocksaber!
FRAK!
Fly, you want to blame the hippies, but tell you what: began with JFK when he decided to deficit spend to avoid recessions, then his VP LBJ took over with an unfunded war and an unfunded “Great Society”. LBJ began borrowing from Social Security and other government trusts and it just mushroomed from there. Where did it start? With “The Greatest Generation”, a people who won in WWII and became entitled.
Fly,
I agree 1000% I call those assholes the Woodstock Generation. They have always fancied themselves to be smarter and more aware than everyone else. Unfortunately, even this financial collapse will not dull the hard edge of their self rightiousness. In fact, to the contrary. They now hold the worlds highest offices and are not going anywhere soon. Who else could possibly deal with such a mess than the same jerk offs who slid in the mud, smoked dope, dropped acid and left a mountain of trash on a hill in up state NY as if it took some kind of miraculous effort.
Fucking idiots.
This was all predicted long ago you know. In 1997 a book called ‘The Fourth Turning’ (Strauss & Howe) predicted an event (as well as the timing) just like 911 and provided evidence backing a theory of 80 year cycles called ‘saeculums’ – basically, all the oldsters that made it thru the last Great Depression as adults are mostly gone – and their wisdom and prudence along with them.
All carved in stone – I’ve watched it play out just like the book said for more than a decade now.
And it gets worse …
1780 Rev War
1860 Civ War
1940 WWII
Notice anything ?
Yes, yes, fucktards – that’s right, they are EIGHTY years apart. And it’s been a nice 79 years since we have seen an economic crash like this one. The Boomers are fulfilling their destiny, just like you numbnuts are going to fulfill yours – The Xers (born 1965-1985) will be the management in charge when we enter the next war (Patton was an Xer last saeculum around) and the Millenials (born roughly 1985-2005 Greatest Generation last time) will be the cannon fodder again this time around – assuming we even need troops this time around.
In the meantime, if you want the trading opportunity of a lifetime, go look at a 1929 chart and then look at this fall’s chart. The timing is a little different, but the percentage moves UP AND DOWN are almost IDENTICAL so far.
Like Cheese said earlier – we get a Great Black Mulatto Rally into Feb – maybe even Mar or April (happened in 1930 too) – 1070 is the top if 1929-1930 repeats – then in the fall we knife thru 739 like a prostitute with stainless steel teeth cuts thru your dick and we go from roughly 900 to 600 in a month or two.
Then down down down to 150 to 250 SPX in the summer of 2011 (June 1932). We never touch the 200 MA until we finally turn up, in the summer/fall of 2011.
Immense volatility all the way though – so there will be money to be made (for those who survive) for a long time to come.
Ignore it all if you want. I haven’t found 1 in a 1000 who gets it. More money for me I guess. 🙂
History repeats mofos – more than you ever dreamed it did.
Deal with it.
kochevnik
http://i38.tinypic.com/2s0048z.jpg
I didn’t like that part about the prostitute with stainless steel teeth. uuggh.
Marty Says:
Fly, you want to blame the hippies, but tell you what: began with JFK when he decided to deficit spend to avoid recessions, then his VP LBJ took over with an unfunded war and an unfunded “Great Society”. LBJ began borrowing from Social Security and other government trusts and it just mushroomed from there. Where did it start? With “The Greatest Generation”, a people who won in WWII and became entitled.
Marty, thank you for your words of truth. I thought I’ve heard just about everything, now it’s hippies causing a recession. How drull.