Poof. Your bullshit Santa Claus Rally is over.
-Merlin
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Joined Nov 10, 2007
23,441 Blog Posts
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Oh shit Merlin- IT’S ON NOW
🙁
Last year at least I got coal and ebayed it for egregious coin.
Now coal is worthless again.
Don’t mess with Santa. Not even Ron Paul will vote against a bailout for Santa.
Oil just plain got smoked. Mind you this is only temporary as we will soon be back to $100. Write that shit down.
But it will be back tomorrow.
“Soon” = > 18 months.
dicks, all of you.
WHY FLY WHY?!?! This selloff had NO volume. I will bet you 100$ that the market closes up this week from where it is today. Write that down.
LOve Kevin
So DUG is down today? What the hell is that all about? Buying more DXO tomorrow.
even when he appears to be losing or dead, the fucker comes back.
http://www.youtube.com/watch?v=Fsa08qJi2ok
The S&P index fills the Dec 8 gap at 880 (look at a 5-day chart like on Yahoo) and resumes its upward march to 950-980 as a Christmas present to us Generational Bottom Pickers.
volume doesn’t mean shit when there is a dark cloud of Armageddon approaching.
Get in the funnel.
Merlin is just pissed because his Fortress managed fund is down 60% this year.
Sour Grapes…
16:00 ERTS Electronic Arts announces that it expects net revenue and EPS for FY09 to be below the financial guidance previously provided (19.35 -2.52)
Co announces that it expects FY09 EPS and revs to be below the financial guidance previously provided (note co previously issued guidance that it sees FY09 $1.00-1.40 vs $1.16 First Call consensus; sees revs $5.0-5.3 bln vs $5.06 bln First Call consensus). The revised expectations are primarily the result of lower than expected sales across North America and Europe. The Company does not expect to provide updated financial guidance for fiscal 2009 prior to reporting its third quarter results in early February 2009. The Company is continuing to pursue cost saving initiatives including a reduction of its product portfolio for fiscal year 2010 with additional associated headcount reductions and facility consolidations.
ABOVE 5-DMA, Tomorrow will be up 500pts !
Buy buy buy!
Sell when above 9100
haha.. hilarious….so you’re into hiphop huh FLY? when do you expect the DOW to make new lows? (whether in 2008 or 2009)
aren’t video games recession proof merlin?
Fly, santa is real. You’re gonna be crying by the end of the week cause ur gettin coal lol
I am hedged, Mr. Kevin.
I made less than 2% today. It’s not about the money. It’s about proving a point.
Why are so many horse fuckers so belligerant about DUG?
banks and retail are fucked.
gas prices — inflation adjusted — are near historic lows and near marginal profits for oilsands… plus peak oil is real — Depressions notwithstanding…
shit like RIG trades at 3 times forward earnings and are not even close to having any kind of cash flow problems.
buy qid and skf and fxp but for fucksake, give DUG a rest. One day USO is going to open up 15% higher and DUG will be buried. Just not tomorrow or in the next 3 months.
why would you have to prove anything?
p.s. Santa is gay.
santa claws rally
Life is all about proving things, else we’d all be hermits watching CNBC all day.
Oh shit, I just described 70% of you.
I’m out.
Im not sure if today told us that much.
SKF looks interesting. But so does SMH.
More clues tomorrow. VIX poised higher?
Get in the funnel.
LOL. Did you see that funnel in Chivas’s vid? Too much hilarity.
Salty-eyed Fly!
________
Did ERTS just warn?
edit- okay, I see I’m late getting the news.
Oh Oh. I think that I may be a hermit. I sit in front of a computer all day in a 15X20 office built back in the woods (I live on 3 acres) and my car doesn’t leave the driveway for 3 or 4 days at a time. On Sat. I get so excited to see other humans when I go to the grocery store.
Is this how the Unabomber started?
Sisyphus boulder rolls over the bulls’ cheap presents from Circuit City.
If you invested $1,000 in three-month bills today at a negative discount rate of 0.01 percent, for a price of 100.002556. At maturity you would receive the par value for a loss of $25.56. — Anyone want to bid on some bills?
Funnel = murder hole.
I with you Trader. I have not started my car since last Thursday. I sit in my PJ’s till 1 then play with the dog the rest of the day until the wife comes home from work. I also sit in front of the computer all day looking for companies that are getting ready to shit the bed.
http://www.youtube.com/watch?v=FL0cK4gaEuM
Not about the money?
Blasphemy
the whole point of this Bill thing is that they are backed by the Govt so you are principle protected. Interest rates are at zero more or less, anyways, so investors forget about trying to pick up yield. So, you are in effect buying insurance for $25.
For all of you bulls this article indicates money is just itching to get back into the market…
http://www.bloomberg.com/apps/news?pid=20601087&sid=aOGXsWKEI6F4&refer=home
…not in the near future…
Love Stoned – http://www.youtube.com/watch?v=0D1GPbVoSWc
New lows this month.
There you are DevilDog I thought that you may be on Vaction with all the money that you made in November.
Stay short and be rewarded
gapping, your math sucks donkey ballz. Try again.
We still have two weeks. You don’t want Mrs. Claus hitting you with the brass knuckles again do you?
Think we are going to break out of this?
http://stockcharts.com/h-sc/ui?s=QQQQ&p=60&yr=0&mn=3&dy=0&id=p16846983907&a=155182841
ScumBucket: sorry I was too lazy to type the other 3 zeros.
How about this, 10,000 bills at 100.002556
OO Devildog, Charlie Jake ? You there… how do we all feel about these lows this week.
http://www.engadget.com/2008/12/09/black-friday-sales-decline-for-the-first-year-ever/
Santa is sick.
Nothing is shaking the fucking Q’s! ERTS the latest to warn. Down like a skank AH. Q’s are actually up a touch. Fuck my QID buy today. I thought for sure that gap would get filled. Instead, my fucking gap is getting filled!
The Fly is God. The Zombie is definitely not.
Sadly, the response to the federal government bailing out the auto industry while simultaneously fucking every would be shareholder back to the stone age will most likely be nothing short of jubilant; Santa Rally part 2
lol @ cramer trying to kill the leveraged etfs.
Malaka — as you may already know, while I respect and thank Devil Dog for his brave service under fire for me and my family, and wish him all the best in his new place up in Montana, I disagree considerably with his forecast, ovah heah.
He is likely ticked at that egregious loss to Pittsburgh on Sunday, as well.
_____________
The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance.
gapping wrote: If you invested $1,000 in three-month bills today at a negative discount rate of 0.01 percent, for a price of 100.002556. At maturity you would receive the par value for a loss of $25.56. — Anyone want to bid on some bills?
Roughly: -0.01% annually x 1000.00 = -$0.10 x 1/4 year = -2.5 cents. You would have lost a few pennies @ maturity. Most short paper is bought in funds, which are still yielding over 1% per year, albeit the yieid is dropping fast. Next stop, Bank of Sealy.
BTW, The fed and treasury don’t care if they lose money on their T-Bill purchases. 😉
I bought mustard seed futures based on a Kudlow Psychotic Rant about the mythical “bottom”. He needs to go change his Depends and read the fucking Journal once in a while.
86% is the percentage of time the S&P 500 was positive over the next month when 10-year Treasury Note yields dropped by more than 25% over the prior month, from 1950 through the present. With Tuesday’s 2.5% drop, Note Yields have declined nearly 30% over the past month.
I’ve decided that my money is only safe either shorting the market in the medium term or clenched in my butt cheeks.
Did I just hear correctly? Meredith Whitney on CNBC Squawk Box in the morning? Holy Shit! FAZ/SKF time. Let’s see if she can go 2 for 2.
Tony Says:
Tony wrote:
Think we are going to break out of this?
http://stockcharts.com/h-sc/ui?s=QQQQ&p=60&yr=0&mn=3&dy=0&id=p16846983907&a=155182841
Tony, whoever drew that fuckin’ top trend line had better get his damn glasses changed. He does NOT know what “paralell” is.
We have ALREADY broken out.
statistician:
Another way of looking at that is 14% of the time the S&P was negative for the month following that drop in treasury notes since 1950.
If I were the type to expose myself to mainly shorting the S&P, which I am not at this time, it would be when I think the december peak is reached, banking on a decline in the first quarter. The problem is that governments have thrown the kitchen and bathroom sinks at the market and aren’t even done yet.
The bears are growling in the cave, rabid, and starving. I just don’t know exactly when they are going to come out for the final assault, retesting our previous lows.
Oil bottom- What the hell are you talking about?
haha i actually bought some FAZ this afternoon, when i’d heard that meredith was going to be on cnbc pre-market.
also, these clowns are all over the kudlow show calling bottoms in everything.
i’m no longer bullish at all.
Aris – I think that was a GREAT idea. Meredith = I will bank a ton of coin everytime
Meredith = BBW
Gatorman
The sooner you look at Kudlow and kernan as cheerleaders in little skirts, pom poms, and red noses and orange wigs the better for your balance sheet. I’ve lost too much listening to these ass napkins.
There is no responsibility or accountability there. They are after ratings and say whatever to keep investors turning on the tube. Just walk away from the tv.
Tony I am saying the GREEN upper trend line is not drawn parallel. 30.8 is a BREAKOUT
KC – no. not a bbw. she is an exotic nymphomaniac who knows how to tackle an assignment. The assignment? Make me a shitload of money and give me a boner. No BBW could ever do both of those things simultaneously.
Dear Mr. Fly,
How come they always jack the futures up for CNBC’s evening program lineup?
Keep in mind that they repeat all those live east coast shows (Cramer, Fast Money, Kudlow and his white collars, etc.) here on the West Coast into the late evening….
…right up until the “Donny Dustcover” show comes on, and lately, all he has on as guests are the mafia-type Fast Money guys and Cramer, anyway.
You get the idea..CNBC: Rinse, lather, repeat.
Can you fix this futures b.s, Fly master?
Can the PPT machine be sent out to control and/or terminate these cretinoids?
Oil Bottom- Is the chart you are looking at a daily or 60 minute? I made it originally in 60 minute timeframe and you need a premium stockcharts.com subscription to view. It works if you draw trend line from Mid October highs to Pre Election highs to todays high on 60 minute chart.
Wait, does anyone know around when Meredith is on? Is it the first Squawk or the second one that starts at 9 EST? TIA
Here is some flavor for your ears… Sounds like things are getting much better out there. Watch for the rally coming up
http://www.forbes.com/2008/12/08/towns-ten-economy-forbeslife-cx_mw_1209dying.html?partner=yahoobuzz
all i heard was that meredith was going to be on squawk, and they kept saying ‘starts at 6am’. i wouldn’t be surprised if she’s on early, only because i think she was last time.
fuck cnbc, i bank coin should have its own channel.
i would watch it 19 hours a day.
Oil BOTTOM-Is this one better?
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=3&dy=0&id=p21598012536&a=156421036
sorry gapping, i didn’t realize you quoted that from bloomberg. They need a better editor.
AIG Faces $10 Billion in Losses on Trades
http://online.wsj.com/article/SB122887203792493481.html?mod=rss_Business
Just another bullshit $10 billion
Futures up folks, probably because of news the auto bailout deal worked out with Bush administration.
fREE MARKET CAPITALISM AND LINES OF BLOW FOR ALL TRADERS ON IBANKCOIN!
Who will not comprehend the truth with his understanding, but only with his belief,
can not harvest the fruit from it.
Futures are up again because they are trying to sucker everyone into getting long. It’s obvious that during trading hours there are no buyers.
Tony,
Try this chart…the Q’s did pierce through the resistance if not for a bit…also steep down channel was taken out for what it’s worth…
http://finviz.com/quote.ashx?t=QQQQ&ta=1&p=d
Hang Seng up +333 in early trading…
My FXP will probably open at $34
the futures are a joke. 8/10 times they’re just the reverse of whatever side of the line the market closed on any given day.
nevertheless, if these futures faggots screw up my meredith/FAZ trade, i’m going to be pissed.
Aris, historically, overnight futures are bullish, while daytime markets are bearish.
Aris,
It is not unusual for traders in Asia and Europe to fade major moves made in the futures during U.S. trading hours.
If futures rally, then it is common to see them sell off overnight, if they decline, then it is common to see them rise overnight.
Stay up all night sometime and watch Asia then Europe move the prices. It is fun to watch.
Also, volume is very low in overnight trading, so it is easy for U.S. traders to undo whatever move the Asians and Europeans make.
Aris, do you watch the e-minis, overnight? When I had a fricken laptop, it stayed beside me, on a table, next to the bed. Wake up for any reason, take a look. Its fun to watch, especially if you’re a chart/tape guy like myself.
Right now the S&P Eminis are in a very nice steady uptrend. When they broke above 893, some light volume came in. There’s a little better volume, but still light, coming in now as they challenge 900.
Aris,
Most of the government manipulation comes in the form of major announcements timed to coincide with the opening of Asian or European markets. Timed right, the Fed or White House can goose the futures in overseas trading with the hope that U.S. traders and investors will pile in and drive markets higher.
Of course, the downside is that any negative announcements in overnight trading can lead the masses to sell everything at the open.