I just finished my 5th round of Christmas shopping, this time at Macy’s.
Everything was marked down 50%, with an extra 20% off, providing shoppers use their stupid credit cards. In the past, I was accustomed to long lines and stupid people at the registers. However, tonight, the lines were short, the cash slaves were smart (probably former Goldman Sachs traders) and the mood was grim.
But nothing beats the depressed nature of TJ Maxx. I went there a few weeks ago and was fucking astonished at what the cash slave said to me, and I quote: “sign up for a TJ Maxx credit card and get a free 2 liter bottle of Coke.”
I couldn’t resist the opportunity to zing her; I shot back: “Are you kidding me?” I continued: “You have no idea how bad it is out there. People are losing their jobs and you’re nuts for offering me 2 liter sodas.”
Shortly thereafter, I was escorted out of the store by Mrs. Fly, who was somewhat embarrassed by my outburst, to say the least.
How does this pertain to the stock market?
Fuck you. How about that?
Dude, it’s like 12:30 am and we have like 2 weeks left in the trading year. Do you think I want to spend my time giving stock picks, in a stupid tape? Please.
Everything is stupid anyway, with moronic red nosed clowns manning the trading turrets, at major shithole banks.. Here a bottom, there a bottom, everywhere a bottom—bottom.
Anyway, I am a huge believer in starting the new year with new ideas, which will lead to quick success. If you start the new year with a bad streak, it can become an albatross around your neck all year. Over the next two weeks, I will unveil my strategy for 2009, along with useless predictions, which is always fun. Furthermore, I will award the “Asshat of the Year Award.” If you recall, last years winner was Angelo Mozillo, deservedly so. Just so you know, I already have a winner in mind. None of you will ever guess who he is.
As for tomorrow:
It’s options expiration, so anything goes. Keep in mind, the bears are weak and old. They do not like to hold shorts over the weekend, since the God damned government likes to cut deals on Sunday night. Into any morning strength, I may slap on a few upside trades, possibly in TNA or FAS.
Or, maybe I’ll just do nothing and eat sandwiches all day long. You’ll just have to tune in to find out what “The Fly” is up to.
[youtube:http://www.youtube.com/watch?v=cM9Axgwx6Gs&feature=channel_page 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Just so you know, I already have a winner in mind. None of you will ever guess who he is.
can you say if it isn’t Cramer and if it isn’t why not (as it could a case of stealing the prize from his deserving hands).
Luuuuuuke, I sense an oddness in the Force.
Who goes Christmas shopping five times … with their wife, no less?
___________
Hmmmm….
I sense a tortfeasible fender bender in the Force!
_______
rich people like Fly
Did you see more employees than actual shoppers in the boutique shops?
Not Cramer. That’s too easy.
Most of you will agree with my pick. Some of you will try to get all high and mighty,and diss it.
We shall see.
CA:
My wife does not believe we are in a recession. She thinks everyone is rich, which is partly true where i live.
However, I saw one of KIM mall centers, and 5 stores were in liquidation.
KIM is a future fortune cookie.
I would like to post a video…http://www.youtube.com/watch?v=rZB7Zrk9BB0
I know…It makes no sense..Nothing does these dayssss
Fly, is Cramer your asshat of the year? You should create a blog titled Name All Of Cramer’s Asshat Calls just for shits and giggles. It would be fun to reminisce over all the stuipid things he said.
rich people like Fly
If this is an answer to my query above, it is a “fail.”
____
A man who actually goes shopping with his wife…hey I’m impressed.
I look forward to your strategy for 2009.
I just hope it isnt that the S&P will be at 450
🙂
Fly
never ever tell wives how much you earn. It’s a magnet.
A man who actually goes shopping with his wife…hey I’m impressed.
LG
Xmas shopping is allowed in manland. However food, shopping everday shit… that’s gay.
Fly I’m sure has never been inside of a supermarket otherwise has he gay and he isn’t.
Are you nuts?
I trust my wife with everything.
Triple Witching…one of my favourite (4) days of the year…
Perhaps your lucky, you married someone that can count. Mine can’t be trsuted with money.
I go food shopping too.
You must misunderstand who “The Fly” really is. I hate everyone but my family. I do everything with them. And, much to your chagrin, I know how to cook too.
Call me gay and I’ll track you down a punch a fucking potato through your head.
You cook too? What do you cook, Fly? I’m not talking about a barbecue, dude, that’s man’s stuff.
j – why would you marry someone that can’t be trusted with money?
That’ll fuck you up.
Funny, I went shopping today as well and noticed the same thing. Everything, and I mean everything, was marked down 40%.
Interesting;
The BOJ lowered rates to .1% about an hour ago with little immediate effect on the markets. Japan economy is actually fucked as the conditions are much worse than the 90’s. At least the 90’s had a growing Asia and the US that was able to buttress some of the domestic weakness.
This time:
The US trade deficit is supposed to fall from $750 billion to $282 billion which is a massive readjustment that the rest of the world is going to experience. So Japan will ahve to either find other markets or really stoke its economy to generate internal demand.
The US external deficit will be easily funded if it falls to $280 bill.
The Japanese just don’t realize h=ow massive they will have to monetize. same with the Chinese, although i actually think they get it.
“the cash slaves were smart (probably former Goldman Sachs traders)”
HA! Fantastic stuff.
The Fly is God.
J:
I cook everything.
Japan is especially fucked with Yen strength.
Plz say Dennis Kneale or Larry Kudlow. They deserve this award.
Chart addict:
i do trust her actually, I’m just bullshiting around with that kinda stuff. She is a little spend thrift though i must say although i don’t blame that sickness on her. She was made ill living in NYC:-)
NYC is a spending trap for any gal. There’s all this shit going on under the undergrowth such as sample sales that are 75% off (i used to be told). But the 75% off would be off a zillion, billion dollars and it was friggen expensive anyway.:-)
Wifey used to count that as a saving 🙂 Like well it wasn’t full retail so i saved money, right?
I love her dearly though. it’s just NYC sickness.
Timmy Vs The Fly..Guess who wins!
http://little2rich4u.blogspot.com/
yea fly…
Japan is totally fucked… They have to start doing some serious unsterilized intervention on a massive scale, but they’re scared deer in front of headlights.
I really don’t think they get it. Japan’s only way to get out of this is to monetize through unsterilized intervention.
For those that don’t understand it what unsterilized means..
Normally when central banks intervene in the FX market they go and buy or sell their currency against the US dollar and then sweep the excess funds or the add the missing pile of intervention money through domestic (permanent) repos or reverse repos.
In an unsterilized intervention The BOJ would simply go out sell Yen against US dollars and leave the excess funds in the money market without sweeping it out. The net effect is an add to the money supply- monetization through currency intervention.
——–
Read a really good report by the head of strategy at CS yesterday.
He says that in order for the central banks around the world to have any effect they need to get 3 month libor or its equivalent down to zero before the market begins to take note and accumulate assets.
J:
I cook everything.
—
Get some balls.
It’s quite shocking Sarah but I wouldn’t even know where to start in a kitchen. that place is pretty freaking scary especailly with all the mod cons etc.
I was yelled at the other day for not knwoing how to turn on an oven. These wretched things are really complex.
Discounts discounts everywhere…
Last night I saw a TV commercial advertising diamonds at 50% off – and in little letters across the bottom of the screen this disclaimer:
Original price may not have resulted in actual sales.
Cook that!
I want to be President and go to Iraq. Please send me there before Barack the Builder ends the war.
I need free shoes. Darnnnnnnnit.
Yea went with the old lady to throw cash in melrose, 60% off at helmut lang, it was sad to see how much the employees kiss your ass now a days.
Devil dog is wrong about the so-called depression of 1873 to 1896. There wasn’t any depression. There were panics as there always were in that period but there was no great depression. In fact the opposite was true.
There was never ANY depression from 1873 to 1896. That is just bullshit. There was a period of adjustment from the time of the Civil war when the US moved off specie and used the greenback and in 1879 went back to the gold standard.
However there was never a time of depression. There were panics but NO long term depression.
excerpt
Nonetheless, The Australian Financial Review seriously argued (14 September 1998, p. 38) that the period 1870-90 was a deflationary one in the US and that it was ?excess capacity? that drove prices down while ?production boomed? [!]
It evidently did not occur to the author that booming output is incompatible with ?excess capacity?. Moreover, he then admitted that the fall in prices was caused not by a monetary contraction, i.e., genuine deflation, but by increasing investment ? thus demonstrating how rife confusion is on this subject. As Friedman and Schwartz discovered
Finally the price level fell to half its initial level in the course of less than fifteen years and, at the same time, economic growth proceeded at a rapid rate. The phenomenon was the seeded of controversy about the monetary arrangements that was destined to plague the following decades; the other was a vigorous stage in the continued economic expansion that was destined to raise the United States to the first among the nations of the world. And their coincidence casts serious doubts on the validity of the now widely held view that secular price deflation and rapid economic growth are incompatible. (Milton Friedman and Anna J. Schwartz, A Monetary History of the United States 1867?1960, Princeton, N.J.: Princeton University Press, 1971, p.15).
What is obviously not understood is that falling prices due to increased productivity benefits everyone by spreading the fruits of increased investment. Attempts to stabilise purchasing power of the monetary unit blocks this process, denying to many rises in real income they would have otherwise enjoyed.
The US went through and amazing period of falling prices rising productivity and higher living standards through the time the Dog says the US went through a great depression. It is utter nonsense.
Never get involved with a woman who has money issues. It will split you apart.
GBP fails vs. Yen. Big decline coming (new lows).
USD won’t break out vs. Yen. (technical difficulties).
AUD Consolidating. (Gold in them hills, yeah?)
Just so you know, I already have a winner in mind. None of you will ever guess who he is…
A hank paulson-ben bernanke sammich?
j – Yeah, the kitchen is a very scary place. Especially scary when the man chefs start throwing their 12″ knives at each other. It gets better though when they run out of knives and start chucking cleavers.
Times must be tough. You turned off full RSS feeds so that we have to click through to your site so you can get page views.
Put it back the way it was. Real BSDs don’t need to resort to cheap tricks for page views.
Man, I love this site…just wish I could understand half of it.
Hey Fly-
We’re on the same page, my wife and kids are the best thing that’s ever happened to me and I too can’t stand the masses.
Got to be Kneale huh?
P
yea went with the old lady to throw cash in melrose, 60% off at helmut lang, it was sad to see how much the employees kiss your ass now a days.
Helmet is a homo, hence the name helmet. Steer her away from gay designers, P.
You know why you guys can’t stand the masses. I was like that too in the US. There are just too many freaking people there that wanna do the same thing you’re doing.
Here in oz, there’s the opposite problem. there aren’t enough people. Place is as empty as a brothel with 70 year old gals as the main feature.
There’s gotta be a happy medium. I used to think Canada but Canadians are generationally inbred walking around with 3 legs or two heads or 5 breasts trying to appear normal. It’s also far too cold. Freaking place is the freaking Tundra.
Madonna loving liberal-
GWB
Crude = $34.90
8)
Down another $1.50.
How about that!
I could care less about page views. I have no idea what happened to RSS feed. I’ll have my IT guy fix it.
There’s no turning back on the auto bailout now.
Fly;
Real men…….cook
Funniest line of the AM on CNBC- Harwood guy says “Bush as a free market conservative was pained….”
Dumb bailout move and dumber terms. Will do nothing to help.
The best chefs in the world are men, the best clothing designers are men. My son does both as well as tear up his yard and redesign it every year.
I dont cook, that’s a task I can hire someone to do, I dont do housekeeping either.
I love a man that can cook…I think that’s sexy.
Come on guys…some of you are very blue collar unsophisticated and have never left the auto shop.
God another depressing day for oil….
Go back to full feeds, I hate having to read a snippet and then follow a link to the website.
Feb oil trading around 42ish.
correction my son doesn’t design clothes. He use to design the blueprints for home builders now hes a paramedic. He loves to cook when he has time and is very artistic.
Shopping of all kinds is perfectly acceptable for men…in women’s eyes.
Who are the guys trying to please? Men or their women?
The only guys I hear talk that ‘ machismo’ stuff are Spanish guys who rough up their wives on a daily basis or perhaps Middle Eastern
http://www.wife-beaters.com/shirts.html
This is the Vincenzo speaking – this is no site for “ladies” – just for your information – carry on.
j
I love when you talk about monetary policy…thems sure are purdy words you use. I sure hope you can learn me how the money moves around the world.
How did it feel being picked last for dodgeball your whole life?
Lady G…. why don’t you just subscribe to the Gartman Letter for comfort.
http://www.youtube.com/watch?v=rqtr_RvR3sY
BREAKING NEWS: Paulson says Congress needs to release second $350 billion from bailout fund
Odd no?
Of course they would announce the need of the second tranche and the auto bailout on the options expiration friday
Mr Bill
Heat up a metal rod and go fuck yourself you ignorant twat.
Congress has to come back in sessions early? to approve the second tranche?
Boy! did they burn through that first $350 billion fast or what? And what effect has it had? do you feel any better about the health of the economy?
T MOE, don’t forget that of that $350B, the US taxpayers have lost 40% of their deposit already.
My guess for the award of Hank Paulson.
Oil to 30 then a bounce and XOM to follow to $70
Get in the funnel!
The Prez can’t move the second tranche without the congress approving it. So I guess they have come to an agreement about the auto bailout.
The next $350 will be gone soon too. AIG needs more money so will Fannie and freddie
The revolution is in sight
My guess is that they will have to help MBI and ABK as they are both or the verge of failure
For J-
http://www.youtube.com/watch?v=99Dzdc1H0wM
Moe
The fed is financing AIG , I believe. That’s not part of the bailout money (TARP)
Don
I’ll only take you seriously when you man up and avoid that gay sounding name.
forgive me for the ass whoopn i applied with my SKF posistion this morning sold rest @108 banked some coin
Hmmmmm … Asshat of the Year
So many deserving candidates.
Hank Paulson ?
Richard Fuld ?
Bernie Madoff ?
Of course you could go outside the business and financial world and find deserving recipients as well…
Plaxico Burress ?
In fact, Plaxico gets my vote !
I mean…the idiot shot his own damn self !
.