Fuck this market and everything it represents. May the shareholders of XOM suffer from dysentery and lose all of their money, while getting their heads chewed off by alligators.
Although I timed the release of some of my upside ETF’s today with perfection, I can’t get too excited.The market is a fucking meat grinder and investors are the meat.
The one thing worth betting on, with the family inheritance, is that oil stocks are fucked on a spindle. As a point in fact, I like ERY and DUG here, with the confidence and fervor of 10 mountain lions inside of a locked room full of U.S. congressmen.
Going into tomorrow’s numbers, I want to be net short, despite the fact that the market may buy on the bad news. There comes a point when buying bad news is utterly fucktarded. I heard people say it before: “bad news is not hurting the tape. Therefore the market is a buy.”
Bullshit.
How many times has that worked for you, really?
Eventually, the overwhelming tide of bad news rips your face off and sends your portfolio to zero, where it belongs, if I may be so bold as to say so.
In summary:
Aside from my small short position in GVA, I am long FAZ, ERY, DUG, REW, EEV and FXP, with upside hedges in a variety of equities and TNA, BGU.
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Alligators are known for their head-chewing skills. XOM shareholders, however, are not known for their heads. Alas.
Where is your windfall profit god now?! At the bottom of a hucklebuck swamp, with his head digesting in reptilian fluids.
Sounds good to me. $25 oil baby!
Some ‘tard came on the CNBC’er today and said “gas at a buck a gallon again.”
Solution: Turn off CNBC, Fly.
___________
i have some fucktards on my blog comment section
And then there’s DevilDog. Hey DD, did you accept the contract? You gonna write MadLib posts for this blog all day long, full time? I take it you enjoyed yourself today eating your peanut butter and meth sandwich driving around the local supermarket parking lot hanging a chainsaw out the window of your egregious, presumably black, big one of three four wheeled Extenze pill.
Something stinks about XOM. The miracle pop after the drop a few weeks ago reeks. I wonder sometimes what they did with all that cash. I wonder how much $147 / bbl imported oil they’re sitting on. I wonder if they’re getting ass pounded on refining margins. I wonder what the Q4 ’08 feb 10-Q will say about profitability. In short, XOM is a ticking time bomb IMO, when it goes it is going to drag the entire SnP with it.
I have an ungodly ability to go long just as the market reverses lower and short at the bottoms. Therefore to push this piece of shit market down, I lightened up on my shorts and added a few longs today, just before the market dived down. Anyone fading my trades could be godly rich like the Fly in less than a year.
FRAK! Dont tell me gas at a 1.00. My oil trusts this week are down another 2000 dollars. How much more crushing of oil and gas do we have to go through?
Sweet Jesus, I need a break.
I also bought at the end of the day BGU and TNA. I have been so screwed since summer, I work like a dog to make 1000 for the day only to lose 2000. I cant keep up. I need a favor from the tooth fairy, Santa Claus, Peter Rabbit, Jack-in-the-Bean Stalk, The Grinch, Fairy Godmother, Obewan Kenobe, and anyone else out there. Maybe I will have a dream of the perfect stock to buy tomorrow.
I bought some more ERX at 29 and sold at 31.
Thanks Pop.
DUG is a busted levered ETF… it is not a good buy if I may be so bold to say so.
Compare DUG’s performance to oil and it makes no sense… DUG is down on the year even though it’s SUPPOSED TO BE A 2X ULTRA SHORT OF OIL.
Oil is down on the year – down 75%! and this ultra short is ALSO down…. wtf!
You are better off shorting oil services stocks or nat gas stocks.
WTI = zero
HLX = zero
BRY = zero
you may even short stocks such as Petrohawk (HK) with better probability of making crazy coin – if you are right about oil / gas for the midterm.
Aristotle for tabbed blogger.
the truth is that these levered ETF’s are the current fad product that will go bust at somepoint in the next year.
the options volatility premiums eat you up
The inverse ETF’s work, but they focus on daily results, not the long term.
I once dated this girl that could alternately…
… look GREAT… then FRIGHTENING … depending on the lighting !
—————–
Kinda reminds me of this Market !
.
After the big drop at the end of the day, I wonder why XLF was only down a percent? SKF was only up 2.6%?
Seems odd.
JPM was up over 80 cents
MS was up over $1
Does anyone think that the GOV. could pull some BS in the morning if the jobs # is really dire? Rate cut? I dont see anything good happening tomorrow, and I think we could very well break the lows. So, why are the financials hanging in there? They should be down more.
Odd fact: WTIC and XOM are both at roughly the same prices they were in Jan 07.
JPM is God’s bank. It’s unconfirmed whether God puts a tiger in his tank.
Jerry, in the Midwest we say “Good from far, but far from good.”
XOM is trying to break out in the face of one buck gazolene. LMAO!! (break out, face, pimple, get it?)
AN Mike:
I was watching the same stuff today and all the fins had suprising strength, especially in the last 30 mins …I thought we might have a good old fashion rotation of the remaining energy money into the fins … that trade worked a couple of times in the last yr … I was waiting for Pisanni to say it, but he never did
GS said oil to 25.00.
Please I will have a heart attack.
Maybe I should also buy TZA and BGZ first thing tomorrow
GS said oil to $200, not that long ago.
GS says a lot of things, and sometimes they are right.
I heard people say it before: “bad news is not hurting the tape. Therefore the market is a buy.”
They were saying this bullshit when the Dow was well over 12,000. The exact words from Dennis “FuckFace” Kneale, was “so what”. As in, the market doesn’t care.
This market still has NOT priced 20+ years of deBalling leverage and debt. Everyone needs to understand, almost all the economic prosperity & growth this country has garnished this decade, was a result of people moving paper around. Once you understand this, it’s easy to form Armageddon. I hope we don’t have a depression, but it’s on the table. And anyone that denies this, has their head in the sand.
I don’t care how forward looking the stock market is, it doesn’t have this shit priced in.
And going to $25 isn’t the same as staying there.
$25 oil can’t last any longer than $200 oil can (in the short term).
In this “Go eat a bowl of chicken noodle soup” market, I will get small, like a nimble mountain leopard happy to be full from the thanksgiving bounty, and wait for that perfect setup to get short, or god forbid, long, deploying cash onto hapless mountain goats.
Donny is correct…and it may be that conclusion that leads DD and others to call for s&p150.
How low will we go? And will Obama save the market before the dive begins? Or after?
Unfortunately, I believe Donny is correct. Further, I think all of this gov’t-sponsored “Get out there and spend, spend, spend, America” bullshit will end up making things worse, long term.
Scum Bucket –
How/Why did you come to the conclusion that ‘Fly Jr’ was that guy you referred to in your link?
S&P 150 is like, say $500 oil 5 months ago – it’s a total disconnect from reality.
In an S&P 150 scenario, gains from shorts would be meaningless, and your best investment is literally assault weapons, ammo, food, gold coins and a fallout shelter…maybe a handgun to blow yourself away in style when it was clear there’s no escape from nuclear winter.
Now DD, as I understand it, already has all this….but if you’re gonna go full Dog, you’d best move to the wild west and get these things in order pronto, because some of that stuff is becoming hard to get already.
George wrote: How/Why did you come to the conclusion that ‘Fly Jr’ was that guy you referred to in your link?
Because he was pumping that bullshit ETF. It was a joke, get it?
My chart shows we have to break through 4 trend lines just to make it up to 875. 1 trend line to break through on the downside and that’s the one we are sitting on right now. Free falling after that.
Thunderpup, you’re finally getting the picture. I’m already full time at my retreat. I sold my suburban no mortgage home 2 months ago. Real world: Major herd thinning coming up on a global scale. Sorry, that’s nature. My favorite prediction: GS, C, BAC, JPM, WFC to zero along with the scumballs that work there in addition to paulson and all central bankers being tried for treason and sentenced to death. Write it DOWN.
Last I heard not one XOM shareholder had dysentery, but every one was suffering from ED.
On another note, after today I am hereby FAZ’s naughty beyotch and I will worship him.
Did someone say Thunder? THUNDER!!!
http://www.screencast.com/t/5MYodmRNm
Write it DOWN.
Lol.
Etch it on tin foil, maybe?
__________
Dog, we can all admit we have Fight Club fantasies. I mean what red-blooded male doesn’t want to ride around, with gun, trusty horse, and Karen Tso (possibly with Chloe Cho walking behind) naked on the back, pillaging the remnants of society and repopulating the Earth, as well as playing Darwin – old school style.
Yet, what I would write down about S&P150, would be that shorting to that level would be simply for sport, once you have the trappings necessary for post-society. Perhaps it would give one the necessary mental preparation for shooting the starving throngs attempting to get into your bunker, and still having the calm certitude to reload your magazines for the next assault.
For when the Devil himself takes God’s bank, JPM, down, it is truly the end of this world and money, electronic or paper is no good. Aside: Note that Devil could not get JPM below $20 a few days ago, and it is up egregious amounts since then.
I called this shit assholes:
# Dr. Incognito Says:
Art Vandaley top because everyone is becoming too bullish.
December 4th, 2008 at 2:44 pm
Le Nozze di Figaro – http://www.youtube.com/watch?v=3NYMqxVyoFE
Thunderpup, unfortunately, you have it wrong. All banks are the Devil’s. GOD will eliminate all parasitic bankers.
Devil Puppy: No friggen way SPX 150. Let me guess, you’ll stay 300% short until then, correct? But let’s say your Mad Max scenario plays out. What do you do when a Modern Infantry Unit knocks on your door and kindly “asks” for your gold and silver? They may like your “retreat” so much they keep it for themselves and keep you tied to a post out in the cold as their guard puppy. See your plan has holes, no?
There is a new double-short Oil ETF (not ETN). It’s $SCO, and I bought it today. Should be more reliable than the ETN version ($DUG). See complete (editable) ETF list here: http://tinyurl.com/ETFlist
Oh yeah, almost forgot– The Fly is God.
Me @ 8:30 tomorrow morning,before the rally:
http://www.youtube.com/watch?v=irYInw9B9BQ
Re: the conversation from last night (?) regarding the staties going nuts with the traffic tickets to “make up for lost revenoo…”
This is egregious!
__________
Devil:
You must be an Andrew Jackson fan:
“You are a den of vipers and thieves. I intend to rout you out, and the grace of Eternal God, I will rout you out.”
Words to a delegation of bankers, 1832.
Fly … thanks for the BV listing from the PPT … one question, who was #1?
http://www.ibankcoin.com/flyblog/index.php/2008/12/03/your-account-will-go-to-zero-soon/
Thunder, you’re correct. Too bad we don’t have an American like Andrew Jackson around today. All our leaders today are lying, corrupt losers propped up by marketing campaigns and paid off by parasitic central bankers. Death to all bankers.
This is awesome. Watch it.
http://creativity-online.com/work/view?seed=5e32d548
fyi:
i’ve been adding epic quotes from these here comments section:
http://www.ibankcoin.com/flyblog/index.php/epic-quotes-from-the-comments-section/
Oh say it ain’t so! Bulls are alive and well… perhaps a little more downside/retest but new lows will not be ‘a happenin’
New lows and more!!
We need to trade down to 10x eps. And, there is no way the market rebounds and just parks a 1 year loss, amidst the biggest crisis ever.
2009 will be a loser.
Bank on it. Or, I will take your bank.
Listen to THE FLY biotches
I have seen the future and it has LOWER prices in it
Anyone watching CNBC? Unfucking real! You should hire more employees when your sales are down so you can take market share when the economy turns
http://www.youtube.com/watch?v=4tGPjc49xGM
I’m with DevilDOg
Arrest Hank and his minnons. This is the biggest robbery of the Treasury of any nation in history. The banks deserve to die along with all of the liars that are running them. The biggest shell game of all time is taking place right in front of the sheepeoples eyes.
“Everyone needs to understand, almost all the economic prosperity & growth this country has garnished this decade, was a result of people moving paper around”
Love this quote! Why? because it is true
I can’t wait to see the faces of everyone on CNBC when this bitch goes lock limit down.
Some ‘tard came on the CNBC’er today and said “gas at a buck a gallon again.”
Gas is $1.44 in my area. We may not get to a buck, but I think we will get very close, perhaps as low as $1.10 to $1.20.
Markets tend to go too high, then correct and go too low, so $30 oil and $1 gas won’t surprise me.
Enjoy them while they last and don’t forget to add some long crude positions to the IRA if prices hit or go below $30.
I am old enough to know when the market traded at NEGATIVE earnings for the S&P, and that was AFTER the bottom had been reached.
An INFINITE PE ratio that came AFTER the market bottomed.
Thunderpup,
I love how every day you find SOME way to fit Karen Tso into the dialogue….
classic fight club story above.
I love how every day you find SOME way to fit Karen Tso into the dialogue….
What can one say…she’s of sturdy Australasian stock, yet stunningly attractive, able to ask her guests probing questions in a charming, slightly urgently breathless, yet polite manner (and without interruption) and understand the implications of their answers, exceedingly able to do it herself, without co-hosts…and best of all, always smiling brightly with a twinkle in her eye while the world is disintegrating around her.
What other woman would one want in Armageddon? I will be faithful to no other.
drop the karen tso and the margaret brennan nonsense and take a look at courtney regan: stunning smile, delicate features, dazzling eyes. The kind of innocent girl next door that makes one want to get violently romantic.
I like me some Liz Claman. She’s a GILF.
Donny,
New double short oil -> SCO. What say you? Is this a good replacement for DUG? Thanks snoopyjc @ 7:21 am
http://tinyurl.com/ETFlist
Citibank didn’t need a multi-billion dollar bailout – they just needed me to invest a few hundred of my dollars on some put options. Heck that should fix the whole market. I haven’t traded for years, and after doing my homework and thinking I’ve got a good plan in place with just a little money in the market… BAM – the market decides its going to start being Bullish on me… What a bunch of bull…