At the present, I am content being both long and short, with an egregious bias toward short banks/commercial retail. My longs include: ERX, TNA, BDK, JPM and ROM. My shorts include ERY, FAZ, SRS, SKF, DUG and REW.
However, the overall exposure is net short. Granted, should the market crap out today, I won’t make a fortune. But, at this point in the year, I’m more interested in being right, than making money.
I rather see people lose limbs, on Wall Street, falling victim to psychotic margin clerks, than make enough money to buy another set of diamond encrusted rims.
The way I figure, if there is another 40% downside in the market, which is my belief, then missing out on a 2-5% day is acceptable. There will be plenty of time to take off the upside hedges and embrace the bear. I plan on doing so, when most of you bulltards are crammed together, in the fucking selling funnel, stomping on each other, dying to get out.
If you enjoy the content at iBankCoin, please follow us on Twitter
Nibbled on some SKF. 140 here we come
Fuck Jim Cramer!!
Magic Jack Stimulus Plan anyone?
I’m petitioning Direxion Funds for a double short of the FAZ index. (6x short financials).
A “FAZKIFFLE” if you will.
As in “those freaking Fazkiffles will kill your ass daid!”
___________
SKF to $300!!!!
YEAHHHH BABY!!!!!!!!!!
Hey T MOE your mother is a homo.
The pic and title is awesome, as usual. I blew a snot rocket laughing at it.
I will launch my own family of ETF’s:
The “Fuck You, You’re Dead ETF’s”
10x short, maginable too
Here come the buyers.
http://www.youtube.com/watch?v=38HazGQ5UAY
musique of gods continues.
There went the buyers.
Saying a stock can’t go down further because it’s already at a low is like saying you can’t shoot out a midget’s kneecaps.
J-daddy…
roflmbo
“”I’m more interested in being right, than making money.
Theres plenty of bust ‘right’ people.
The funnel is atop my haid, 4 i r the tin man. SKF 300! VIX 100!
STFU!!!!
GET IN THE FUNNEL!!!
junglegirl:
“His alaap is poor but he only slightly comes out of his shell during bandish.”
‘nuf said.
Def:
Scientifically, that is an impossibility.
Can I gits a 10X margin account? I wants to get long AIG baybee!
The market is taking the news…right up the ass. But it’s enjoying it fine. Hence the market is gay.
The Fly is God.
They’re gonna make them close green. Watch.
This just in:
ALL OF THE TARP FUNDS WERE USED FOR YEAR END BONUSES!!
Enjoy.
Elmer Fudd sez:
XOM is a wascawy wabbit, heh heh.
Funnel….too….small.
Keyser Soze Says:
They’re gonna make them close green. Watch.
oooooooh…”they”,…”them”…. scary…
Get this bitch off of TV. She telling everyone our secret. we only want people that call the bottom on TV
We must find out when Meredith Whitney will be on CNBC again. Then make sure you are short the world before she speaks.
j-daddy — that was laugh out loud funny — in part because I was arrested in Detroit last year for doing that very thing — the wonders never cease…
ALL OF THE TARP FUNDS WERE USED FOR YEAR END BONUSES!!
now that IS funny
I should have stayed in The Funnel.
buying more SKF. Do the same and you will be rewarded
I should have stayed in The Funnel.
FAZ now my largest position.
I was in The Funnel.
hahahha
nice one zen profit.
All of you Short Tards will be crushed by the iron hooves of the stampeding bulls, only to be shit upon with fresh drippings. Repent at once! For the end of the bear market is near.
as i wrote last fri that all this “530k jobs lost – market reacted positively – we are clear to go high” nonsense will disappear once people have time to think over the weekend… i sold a lot of longs into this rally and will be looking to reload once we get to 875-850 on SP500…
and by the way “they” are running out of time to get back in green – then you know what happens – momentum works on downside as well as on the upside…
Melissa FranASSis is a twit. “Faidel – HOW LOW is LOW!” SHe gets my nomination for annoying CNBC asshat.
Sticking feathers up your butt does not make you a chicken.
The Funnel is “bleepin golden” and worth more than Obama’s Senate seat.
GET IN THE FUCKING FUNNEL!!!!
NOW!!!
relative volume is insane in shipping
Never mind.
C went down because of the absence of the uptick rule?
Right?
Laugh of the day.
I love these 3X ETF’s Brilliant!
Fly,
I would like to put my life savings into your new ETF’s please.
Sure is windy inside The Funnel but the beverages are nice.
I need some lube for dis funnel ovah heah.
I probably wouldn’t even place in the special olympics of stock picking….Where do I find this Funnel you speak of?
So does everything fall or rise when they announce the Auto Bailout is Official and The Auto Czar is Oprah Winfrey?
Oprah will eat the Auto Czar on pay-per-view. The revenue will cover about 40% of the bailout.
Going short here is like going LONG at the market top last November like buying GOOG at 720 FSLR at 250, or GS at 250.
It makes ABSOLUTELY NO SENSE to short ANYTHING at this BOTTOM of an upward-trending market, especially with interest rates at an all-time low, governments the world around throwing money into the system, and almost all stocks off their lows of Oct 10 and Nov 20 2008.
Shorting is something one does at market TOPS, or at least in the middle os a long term move up or down.
The shorting area of this market will be above DJI 1100 and SP above 130. NOT NOW!
So get into the funnel and shut up.
To the lows.
Zombie banks and Golden Jackasses…ROFLMAO!!!
http://news.goldseek.com/GoldenJackass/1228442400.php
SKF to $300!!
Damn Rick Santelli is just not the same if hes not screaming at the top of his lungs inside the pit.
A S&P close below 900 is key for us bears
Bite into the funnel cake
http://web.mit.edu/smaurer/www/blog/050714%20ihop/funnel.jpg
Fly, what do you think about LVS for a trade, long.
That shit is the definition of crack.
_______
One of my rags is clogging the funnel.
Sham-WOW!!
The banks are used to -40% months, that shit is old. Watch out for +40%.
The Fly is copulating with DevilDog on the dark side of the force? Wonder what their offspring will look like?
I think the fly hits on a central thesis that I embrace. The fed has really done nothing more than make this “crash” into a “slow motion” Crash. In ’29 things went down 86% with greater speed because there was no fed to ease the let down. Really I have come to believe that the overall direction is still down (maybe not 40%). The fed has only proved it is capable of “slowing” the process; it cannot prevent it. I think Q1 we will reach bottom (and the fly is right as rain). IMHO
that said… i think SRS is gonna rock. commercial real estate is going to go belly up big time.
In ‘29 things went down 86% with greater speed because there was no fed to ease the let down.
Whoops, there goes that “initial credibility.”
_____________
Jakegint,
I only meant that this fed has only slowed the inevitable. Policy is adhoc, reactive and not coordinated enough to prevent a total decline of 60% or more from high..
FLY FLY FLY
What’s up with FXP? You still HOlding? What percent of total?