In 2008, as the stock market cratered and the housing market collapsed, more young members of the Army, Air Force and Navy decided to re-up. While several factors might explain the rise in re-enlistments, including a decline in violence in Iraq, Pentagon officials acknowledge that bad news for the economy is usually good news for the military.
In fact, the Pentagon just completed its strongest recruiting year in four years.
Now we can get ready for the big one.
UPDATE: iBC’s own, Woodshedder, is revealed here. And, he was interviewed by The Wall Street Transcript here. Two things: Wood is not nearly as ugly as I envisioned him to be. And, secondly, he is becoming a media whore. What’s next, CNBC?
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Fly is God
(Beat you Zombie)
Not First!
Actually thinking of heading to the recruiting office and re-upping at this rate. Do they take retirees back???
Problem is Bush fucked up our military so bad it is worthless even with 400,000 more recruits
Am I long or short?
Are my pants still on or do I need a diaper?
Conundrums, passing as a seasoned trading approach.
Thats great news private Fly.
http://www.youtube.com/watch?v=IayHnA0cGuc
“We hope the US side will take the necessary measures to stabilise the economy and financial markets as well as guarantee the safety of China’s assets and investments in the US,” he said.
The dialogue was dominated by the global crisis. Zhou Xiaochuan, governor of the Chinese central bank, urged the US to rebalance its economy. “Over-consumption and a high reliance on credit is the cause of the US financial crisis,” he said. “As the largest and most important economy in the world, the US should take the initiative to adjust its policies, raise its savings ratio appropriately and reduce its trade and fiscal deficits.”
http://www.ft.com/cms/s/0/48ac15fc-c1bc-11dd-831e-000077b07658.html
china is as full of crap as an xmas turkey.
good idea genius…
http://www.newsmax.com/insidecover/obama_windfall_tax/2008/12/04/158281.html
Fly,
How many hours do you work a day? Seriously… I am very impressed by your work ethic.
start backing up the Hummers again.
http://www.patriotledger.com/business/x1881115149/Gulf-Oil-CEO-says-lower-gas-prices-ahead
HOT
http://www.reportercaps.proboards99.com/index.cgi?board=cnbc&action=print&thread=18606
Thunderpup,
I love how you manage to fit a Karen Tso refrence into the dialogue every day… great stuff
If you did not get a chance to check out Thunderpup’s ode to DD in the last blog its classic…made the epic quotes section!
http://www.ibankcoin.com/flyblog/index.php/epic-quotes-from-the-comments-section/
if you guys don’t think this clip is funny, then the market will be up 500 tomorrow.
http://www.youtube.com/watch?v=N0gb9v4LI4o&fmt=18
I would like to enlist, but I am afraid they still have the records from the Vietnam days when I showed up at the Draft Board wearing a sun dress with a halter bra. Very ’60s.
From Bill Simmons:
7. The Tamarick Vanover Game: A Monday night game from ’95 that … well, allow my friend Brad to explain. Here’s his unedited memory of the Vanover Game:
“Chargers up four, getting between 3.5 and 5.5 points, inside K.C.’s 10, less than two minutes left. The Chargers have three bad plays, kick a short field goal. Up seven, we’ll say up 12 with spread. [Steve] Bono drives the Chiefs down the field (1:12 remaining) with maybe one timeout (they used them on defense), throws an 18-yard touchdown pass with 15 seconds to go. Overtime, still up five with spread.
“[Stan] Humphries knocked out, in comes [Gale] Gilbert. Chargers punt after having a big play negated by a penalty, Vanover (with multiple guys around him) doesn’t call for a fair catch. AVOIDS 3 GUYS AND THE CHARGER PUNTER WHO LOOKED LIKE HE HAD THE ANGLE AND GOES 86 YARDS. CHIEFS WIN BY 6.
“I lost a ton of money. Called my bookie (who had paid me seven weeks in a row) and told him that I would pay him on Thursday. Wednesday, Oct, 11, I am on a plane to boot camp.
“I had signed up for the Navy in May of that year, things were way out of control gambling, credit card fraud, casino, credit card fraud, drugs, credit card fraud and I knew at some point I would need to disappear. Then the O.J. trial started and I sat home everyday and watched it. I had avoided the Navy recruiter for months. Minutes before the verdict was read there was a knock on my door and it was him. He told me he came by then because it was the one time he knew exactly where I would be. Since I was winning at gambling, I told him to screw off. Not long after I was knocking on his door explaining that I had a sudden burst of patriotism and got on a plane.”
God bless America.
Hello, Iran? USA calling.
Your oil, please.
No?
Please hold, I have a call waiting beeping.
Hello, Boeing? Yes, we’d like a double order of JDAMs. You’ll have them by March? Excellent. :click:
Iran, still on the line? Great, we’ll send someone right over.
Aris,
That video is priceless!
Jones’ Big Ass Truck Rental & Storage! hahahhaa
INSTANT CLASSIC!
Bernanke & Paulson are betting everything we’ve got that they can outlast the approaching storm.
The market can stay irrational longer than we can stay solvent.
OT
http://www.youtube.com/watch?v=N9kQ5yBYBWg&feature=related
You guys need to give up trading and instead mail cashiers checks to Pete Najarian.
Oh, and eat a big mac while watching a video of the worst road trip ever (auto execs going to DC)
-OUT!
I work 15 hour days, just about.
Chart Addict – HOTTER
http://www.reportercaps.proboards99.com/index.cgi?board=international&action=display&thread=5748
Apropros of both Fly’s post and his China link, from Setser:
The slump in global trade — Korea’s exports were way down in November, and given US auto sales, Japan’s exports likely will be too — is sure to increase trade tensions. And as China starts to realize the costs of its export subsidies — and the fact that avoiding incurring financial losses on its existing investment requires making an ever bigger financial bet on the US and the US dollar — it sure seems that China wants a bit more say over US policy. That too is a potential source of tension.
China effectively chose loose money lending to the US when it scaled up its purchases of dollars to resist pressure for the RMB to appreciate and in the process subsidize its export sector. But I doubt China sees it that way.
I work 17 hours per day.
I work 3 to 4 hours per day
Devil,
I’m sure its alot of work digging out that bunker….
DD,
Sessions with your shrink don’t count as work.
WRITE IT DOWN
norcal – bullshit.
What an interesting field experiment this is. Will it truly demonstrate the principle of conversation of Reality, (which says that even if you use a Time Machine, the universe will find a way to nullify its effect)?
And What other cosmos has invented 3x ETFs?
Don’t always read Gio’s blog but this shit is clazzic
http://ibankcoin.com/gioblog/?p=2435#comments
What do you think Addict??
ok, now what?, we’ll see who’s going to need a shrink in addition to food and a safe place to live when what I’ve said is going to happen in America happens. Keep dreaming the American dream.
DD – do you believe in the stuff about the Amero, FEMA prison camps, martial law/civil unrest, new world order, and other stuff like that?
I told Gio in the afternoon to copyright the THUNDER
I believe in a GREATER GREAT DEPRESSION for sure. I also believe in a socioeconomic revolution in America. As far as the exact results of that, use your own imagination.
No Dog:
Don’t ask us to use our imagination; enlighten us on exactly what you’re expecting as a social revolution.
Keep in mind that the Unabomber had similar instincts. I presume you read his manifesto as you both espouse similar opinions albeit with the bomb making left out, but the hoped for arrests etc. well within that ‘fine document’s” dogma.
Proof that Dave Grohl is a genius:
http://www.youtube.com/watch?v=WG294M_kYWM&feature=related
Note the auto/housing collapse at the end. He anticipated all this way back in 2002.
Fly
Don’t forget, besides the military being way up….community college enrollment is up about 20% per quarter.
No jobs, so go to college and get money via Pell grants, State Grants, student Loans, etc.
They can jack the market only so far…then it gets as ugly as Hank Paulson!
Woodshedder doesn’t look like the toothless hillbilly which I had envisioned, however, he looks like he might be a homo.
John:
YOu’re in good company, lots of homos on here!
IBC=Sashay and Style!
IBOC=Goes between $19-27 like a heartbeat (but no options)
Schwing!
HK +2.5%
it seems FXP is not a good place to be…
Damon, I can tell you that you’re so very wrong about the guys at ibc.
BTW, I’m up working now. Focus is essential, so get up and work dammit.
Fly:
“We hope the US side will take the necessary measures to stabilise the economy and financial markets as well as guarantee the safety of China’s assets and investments in the US,”
Looks like China is getting ready to say “Fuck you – Pay me”
Thus I spoke, “Nowhere is a prophet valued less than in his own country and in his own house. This will prove true for all time, as long as humanity has little knowledge and is enslaved by the delusionary teachings of the scribes and distorters of scripture.
“So it will come true in two times a thousand years, when humans have become knowledgeable and thinking, and when my actual unfalsified teachings will be revealed anew.
“The new prophet of that distant future will not possess as much strength and power over evil and sickness.
“But his knowledge will surpass mine, and his revelations about my real teachings will shake the foundations of the entire Earth, for in his time the world will be inundated by my teachings, as falsified by the distorters of the scriptures, and it will be living in false religious cults that bring death.
“It will be a time when wars from space begin to threaten, and many new gods will seek to rule over the Earth.
“Truly, truly, I say to you, the new prophet will be persecuted not only by a wrong-minded people, as will happen to me, but also by the whole world and by many deluded religious cults, which will bring forth many false prophets.
“Yet, before the end of two times a thousand years the new prophet will reveal my unfalsified teachings to small groups, just as I teach the wisdom, the knowledge and the laws of the spirit and of Creation to small groups of trusted friends and disciples.
“Nevertheless, his path will be very difficult and full of obstacles, because he will begin his mission in a peace-loving country in the North which will be dominated, however, by a strict and false religious cult based upon scriptural distortions of my teachings…”
The jobs number will be a disaster (580K)
Market will sell-off, then close higher, when the Plunge Protection Team steps in.
Karen is hot, yup.
reporting for duty.
If QQQQs $26.80~ or higher sticks, the bulls still have a chance. If not, kaboom. Either way, im there and will leave no man behind, sir yes sir.
this market looks like crap. Europe looks absolutely awful. The market is heading lower again and the jobs numbers will be the catalyst.
j, thanks for heads up way ahead of time. I never would of thought that reality would catch up with the market. Oh yeah, have to factor in the SSF stupid bulltards have to get stuck in the head with a sword before they comprehend. Have a nice LONG day.
Damon, keep dreaming.
DDog
That is revised from a million.
lol
Hey
Dog I was reading that real estate in Texas has hardly shifted much compared to the rest of the country. That true?
crazy, huh?
The headline jobs number was about expectations but the revisions were awful.
Things pretty much suck, lets get real…
Next months numbers will be worse.
AND they will revise this months number down.
Up here in my part of the country, we already have 9%+ unemployment.
I figure we will see those early 70’s numbers again…maybe 12-14%
We have to take the pain for a few years.
Or let these government retards extend it out for a decade.
And the Euro/yen heads down to 116. this is really ugly.
Fly,
I thought Woodshedder was black and lived in the ghetto? Who’s the white guy?
China can eat my sheorts, they already got their agency bonds covered by the treasury. Let them take their lumps like everyone else.
Texans are pretty realistic and conservative for the most part. Home values here only went up 17% on average over the past 10 years not 100% like the idiots in ca, fl, nv, etc.. We are down 1.6% in the last year. I just sold my house for $425K and paid $269K in 1998.
Dog
Prices didn’t move up much because zoning laws are virtually non existent in Texas compared to Cal and other places. Cal homes are expensive because there are too many NIMBIES there. People aren’t idiots. They are forced to pay what they are forced to pay by bad zoning laws and government taxes.
Must have been a palace.
props to Damon
“Damon Says:
The jobs number will be a disaster (580K)
December 5th, 2008 at 7:35 am”
Oil prices could slump to just $25 a barrel next year, as much of the world sinks into recession and demand falls, according to the latest predictions from Merrill Lynch.
The US investment bank thinks prices will decline until well into next year before recovering in the second half of 2009.
The news came as the International Energy Agency cut its forecast for world oil demand in the next five years. Oil demand is expected to grow by just 220,000 barrels a day next year, the agency, which advises 28 industrialised countries, said today. The Paris-based agency had previously predicted 350,000 barrels a day.
The IEA also expects new investment in oil refineries to boost crude distillation capacity in the next five years at a faster pace than growth in demand.
Any further falls in the price of crude oil would spell good news for motorists. After soaring earlier in the year along with crude oil, petrol prices are now coming down. The supermarket chain Morrisons recently started a new forecourt price war when it cut the price of unleaded petrol to 89.9p a litre and diesel to 105.9p.
“With demand vanishing across all key oil consuming regions, benchmark crude oil prices continue to plummet,” said Merrill Lynch. “In the short-run, market participants will focus on both Opec and perhaps even non-Opec producer responses to balance the market.”
The bank added: “A temporary drop below $25 is possible if the global recession extends to China.”
Oil prices hit a peak above $147 a barrel in July but have fallen more than $100 since then.
Merrill Lynch cut its forecast for the average price of US crude oil futures and North Sea Brent crude oil to $50 a barrel next year, from a previous estimate for both of $90. The new estimate is based on a global GDP growth forecast of 1.3% for next year, compared with 3% expected by Merrill Lynch economists in October – a scenario consistent with a global recession, they said.
The bank believes oil prices could trough in March or April with the seasonal slowdown in demand. “Then, as economic activity starts to strengthen, we see oil prices posting a modest recovery in the second half of 2009.”
It said the main downside risk to its estimates is the Chinese economy. Its economists currently forecast 8.6% growth for the world’s second-largest economy next year.
“In the short run, global oil demand growth will likely take a further beating as banks continue to cut credit to consumers and corporations,” Merrill Lynch said. “We now expect an outright contraction in global oil demand in 2009.”
Why do I get the feeling that they are going to rally this market hard, regardless of the numbers?
My car cost $425k.
Bentley Arnage paid for by Market Carnage.
You could be right, the PPT may have been holding their firepower in anticipation of these numbers.
J, stupid is as stupid does. I’ve refused more than one company promotion and relocation to the state of fruits and nuts. People want to live there and participate in that culture of spend, spend, spend with huge state deficits then go ahead. Now you can suffer. Guess it’s true that America follows Kalifornification when it comes to culture considering the national deficit we have which will end up in default and bankruptcy. Factor that into your global economic and geopolitical outlook. Going to be a BLAST!
j – I can see you’ve never lived in a place where sprawl has destroyed the character of a community. If you’re ever in the Northeast lemme no, and I’ll show you great examples of good and proper zoning and bad ugly zoning. BTW the prices in the badly zoned area are quite a bit higher than in the properly zoned area.
Fuck the PPT and the stupid economists and politicians that think they control the laws of nature. Nature WINS no matter what they do. S&P 150.
Damon
I think rally is unlikely since the data is so bad.
But the market is so manipulated, so maybe some shorters will get trapped if they are too excited about this.
You’re an interesting bread of Dog, devildog. It’s hard not to like you, and admire the fact that you’re living your opinion by selling your home etc.
took 1/2 my profits in Citigroup yesterday and see what happens.
By the way where are you living now? Not underground I hope.
Picture me rolling, big deal my 4 cars cost $675K. Bentley’s are for pussy elite. Pass the Grey Poop.
Yogi —
Difference in zoning can be seen by comparing Dallas to Houston.
Texas is cheap because they’ve got a lot of space, that’s all.
People are a lot nicer down there too, with some glaring exceptions…
__________
j, are you saying they weren’t able to build enough houses in cali because of the zoning laws? I gotta stop reading your stuff.
Yogi
I lived in NYC for 16 years. i know the northeast okish although i never ventured much out of the city or off the LIE on the way to the weekender.
Cal is a NIMBI disaster.
Whenever I see someone talk about community and stuff like that i always reach for my gun. fuck the community as property rights trump all.
SPY now up a buck + off it’s initial lows ($82.74).
_______
Scum
Zoning laws raised the price… the cost of housing compared to Texas. Land costs in Texas are a fraction of the cost of land in Cal.
The current surplus is about other issues.
Zoning laws do two things… They fuck with people’s wealth as they have to stick more money into a house and the fall shows it’s so much worse in Cal than it is in Texas.
Median price of a home in cal is around 400k. In Texas it’s around 160k. Therefore a 20% drop in cal has an 80K effect while it’s only 32 k in Texas if it had moved as much, which it hasn’t.
Nimbi zoning really fucks people.
Watching TLT- down slightly (sell the news?) and TBT- up slightly
and EEM (overnight emerging markets not too bad, at least compared to yesterdays USA market).
the Bull, 3,600 sq. ft., gated community, heated pool and spa was good enough for my family of 3 and a french poodle. I’m not into wasting money on an extra 5,000 sq. ft. I don’t need. I’m a driver not a couch potato.
Woody looks like a bit of a dandy with those well-sculpted sideburns.
Really taking the “machismo” level of this site down a few notches.
But anyway, congrats Wood on your media success.
-DT
Montana.
If Woody went all “Saturday Morning” on us.
_________
-533,000 = WTF
When the fuck are we gonna learn. You can’t deport your production base overseas, and then depend on people buying houses, insurance, LCDs, fucking iPhone’s, fucking SUVs and all the other shit associated … and then call it a real legit economy. It doesn’t work that way … fuck, I learned this shit when I was a freshmen in college taking the second half of Economics 101 (B) … fucking Macro Economics people!!!!
It’s time for America to have a moment of truth … right in front of the fucking mirror. There ain’t no gawd-damn new economic paradigm. There fucking never was … it was just a short term illusion.
Job numbers isn’t key to today’s selloff. It was going to selloff today even if it was 300,000.
There is nothing sustaining this relief rally, we’ve been ignoring the news since before Thanksgiving.
j, I would think that high utilities, strict zoning, and property tax pressures would have a depressing effect on real estate prices in CA, as they do in Texas. I thought the recent higher prices in Cali were due to loose lending, speculation, and “no-recourse” type state regs which encourage speculation, silly me.
I don’t trust the levitation in the futes. Looks like a pimp job.
Leading econ indicators are accelerating to the downside, so this month isn’t the worst. The Messiah’s stimulus plan hasn’t even been approved yet, so it will take several months to begin to have an effect.
I’m more inclined to sell into strength.
I will be selling short into this weakness. More pain to come. Jobs number is awful but not unexpected and its a lagging indicator. Next month (DEC) will be worse. We are going lower lower lower. All of you bulls who get all giddy during these bear market rallies will get you ass handed to you. Be smart and get short
Donny stfu up. You learned nothing in economics and still don’t know.
You do two things.
1. Make sure you run an appropriate monetary policy which if you don’t want to use gold then you apply a inflation target of ZERO% on a year on year basis so the fucking Fed doesn’t keep jiggling around with rates and monetary policy stays stable. We don’t have 2 to 3% inflation target as being acceptable. It has to be zero.
2. You let things move around in terms of having total free trade and don’t touch it. Open it up as a free port.
3. YOU MAKE SURE MONETARY POLICY IS STABlE.
This would ensure two things.
1. The dog doesn’t have to sell his home every time there’s a crisis.
2. It allows the market to ensure there is far fewer distortions created through inflation that causes everyone to misprice asset values.
2.b YOU KEEP MONETARY POLICY STABLE (repeat)
Mismanaged monetary policy has been the main instigator of wars and should never be underestimated in terms of its relative importance. It caused Hitler to rise to power and deepened the depression. It caused the current crisis we have now.
Finally it would stop the dog from wanting to see every government official executed in the US.
“Bridge on the River Kwai” on AMC. Better than watching the CNBC idiots.
The market is a discounting tool of about 6 months. Wasn’t it Nov. or Dec. of ’75 the bottom of the market and Aug. ’82 and yet the economy and the unemployment got worse for six or so months after that?
Scum
Not saying zoning is be all and end all, but raising the cost of housing through restrictive zoning doesn’t help anyone.
But yes, ease money did most of the damage.
DD – Agreed
TraderC
New stuff keeps hitting the wires. China today threw and huge grenade in the US camp by demanding an economic adjustment.
New shit keeps hitting the tapes. However bear market rallies are better to trade than downswings. They’re faster and you have the government on your side trying to fix a leaky boat.
Oh listen to Frank the Fag, one of the people that is to blame for all of this shit
j —
(standing, applause)
_____
Where have you gone Uncle Miltie?
_____
Let’s do it bears, grab that money!
http://www.youtube.com/watch?v=VYucDoboruQ&fmt=18
How the fuck do you go green most of the week when fuckers are jobless.
In simple words…
People lose jobs inturn cant pay bills ie. car, mortgage, credit card, student loan. If they arent paying their mortgage than RE taxes arent getting paid. No paycheck no state, federal local taxes no paycheck no RE estate tax paid. what we are seeing is nothing. The US as we know will default on itself within the next year. Keep printing baby keep printing. SKF, SRS plays will certainly prevail write that fucking down. Im sitting tight twiddling my thumbs downloading porn and picking out my next Rolex yachtmaster II.
Let all be smart here Obama stepped into quicksand and losses will continue. A’men
J-
Please don’t start shit! You fucker.
Got my gap down open now we sell off all day and close at the lows. Next week will be DOWN and close at the week LOW. S&P 6 handle before options expiration. Then phony baloney manipulated rally. I’ll be covering and going long with the stupid herd for a while then.
Devildog said:
“the Bull, 3,600 sq. ft., gated community, heated pool and spa was good enough for my family of 3 and a french poodle. I’m not into wasting money on an extra 5,000 sq. ft. I don’t need. I’m a driver not a couch potato.”
How the fuck you gonna make the payments since you have lost your fuckin’ ASS on your shorting at a market BOTTOM?
DDOG, Bridge on the River Kwai! Best advice yet on this board. You definately have my peon respect. Have a good day.
Donny
I won’t start a thing as long as you don’t talk crap economics.
It annoys me to no end that you refer to yourself in the 3rd person, but I have never said a thing about that.
But start talking shitty economics and it upsets me to no end. So just don’t do it. Please.
Holy crap, you all watching this action on the SPX?
It’s like Ali-Frazier out there.
_________
j Says:
Donny stfu up. You learned nothing in economics and still don’t know.
You do two things.
1. Make sure you run an appropriate monetary policy which if you don’t want to use gold then you apply a inflation target of ZERO% on a year on year basis so the fucking Fed doesn’t keep jiggling around with rates and monetary policy stays stable. We don’t have 2 to 3% inflation target as being acceptable. It has to be zero.
2. You let things move around in terms of having total free trade and don’t touch it. Open it up as a free port.
3. YOU MAKE SURE MONETARY POLICY IS STABlE.
This would ensure two things.
1. The dog doesn’t have to sell his home every time there’s a crisis.
2. It allows the market to ensure there is far fewer distortions created through inflation that causes everyone to misprice asset values.
2.b YOU KEEP MONETARY POLICY STABLE (repeat)
Mismanaged monetary policy has been the main instigator of wars and should never be underestimated in terms of its relative importance. It caused Hitler to rise to power and deepened the depression. It caused the current crisis we have now.
Finally it would stop the dog from wanting to see every government official executed in the US.
December 5th, 2008 at 9:28 am
j, do any bullshit you want to. It won’t change the facts and Mother Nature will WIN. As far as your final point you need to add parasitic central bankers and it won’t change my mind about that.
Done daytardaing for awhile. Thanx XLF,XHB,EEM. See you for the 2:45 PM action. Off to pick oranges.
DevilDog-
You must be readin from the same play book as I am. I am set up to do just what you said. New lows before options exp. and then buy into strength with the head fake rally. Then change again and short into weakness as the market realizes we are headed for a complete meltdown. Get your ammo ready
Wow Devildog, that was some scary HUGE gap down today.
Dog
mother nature is a Nazi bitch. She doesn’t mind getting felt up at times but don’t play around with her economic rules in any big way or she skull fucks you like she’s doing now.
Mother nature are economic laws.
Generational retard, 80% of my SHORTS were done on 9/19. I don’t day trade I play multi week swings. I’m very, very green and will be extremely green over the next 10 trading days. BTW, I have no debt…zero. Now fuck off.
FXP is done for me. This is a pure scam.
Fly I am pretty sure FXP is long China and not short.
scullers
Why is MS looking like a gal that fought off a rapist? It’s up to 15 and change? Huh!
george bush, stupid asshole. The gap did not need to be big idiot. Yesterday’s close was below the all the buying over the past week and the bulltard trap was sprung. Obviously, you’re a dummy and long. Fuck off.
J-
Donny doesn’t care to get into a brew-ha debate with you on fucking economics. Donny doesn’t have to prove anything to you, because Donny is very comfortable in his own skin. Donny, thinks the discussion of MONETARY POLICY is about as gay, and boring as anything in the world. Donny would rather scoop dog shit out of DevilDog’s massive backyard, than discuss that BS with you.
Donny thinks you should get back to enjoying your Summer Down Under, and stop picking fights.
Best-
Donny
dog,
what is your view on today and Monday? it seems the market does not want to go down as it should be. It is manipulated….
As far as your final point you need to add parasitic central bankers and it won’t change my mind about that.
S…s…s…sooo, I won’t be eh-eh-eh…eh-xpecting a “visit” from y-y-y you anytime soon, then??
(mops brow with pillowcase)
_______
Down goes Frazier! Down goes Frazier! Down goes Frazier!
Why do you even ask DD questions like that? You know his answer is going to be “new lows on monday WRITE IT DOWN”
^- sorry that was me
Donny:
You started this crap by saying this:
When the fuck are we gonna learn. You can’t deport your production base overseas, and then depend on people buying houses, insurance, LCDs, fucking iPhone’s, fucking SUVs and all the other shit associated … and then call it a real legit economy. It doesn’t work that way … fuck, I learned this shit when I was a freshmen in college taking the second half of Economics 101 (B) … fucking Macro Economics people!!!!
It’s time for America to have a moment of truth … right in front of the fucking mirror. There ain’t no gawd-damn new economic paradigm. There fucking never was … it was just a short term illusion.
that’s just crap. It’s pure unadulterated crap that needs to be corrected which is why I felt compelled to correct it… call it a duty in fact.
Please stop referring to yourself in the 3rd person as it’s the mental equivalent of hearing chalk screeching across a blackboard. It “angrifies” everyone and sets a bad tone to the new people on the site. it also lowers the value of the site to fly if he ever sells it.
FXP is an effective hedge against your inverse ETF’s.
Chuan, as stated above going DOWN until options expiration minimum. Possibly until end of December or first week of January. I’ll be studying and extrapolating my signals up to options expiration to determine when I will cover. I have a suspicion that options expiration may be DOWN also. Bottom line is I’m not covering until my S&P 580 – 650 target is hit. I don’t care what the PPT or politicians do between now and then. I’m SHORT from 9/19 levels and I’m going to drain the bulls of their blood until my S&P swing target is hit. I’ll be able to pin DOWN my S&P 580 – 650 target as time unfolds. That’s my .02. Good luck.
J-
You know what …
never mind.
j–
While I agree that you were compelled by duty and honor to refute Donny’s economics argument, I can’t go with you on his third person thing.
I love that schtick.
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DEVILDOG…nice post…for a change…keep up the good work.
Jimmy
Jimmy, thanks. Peace.
Ddog, theres nothing wrong with some debt. Esp when governments the world over are handing it out for free. Look at the latest round of central bank rate cuts. Say no to free money?