In Government we trust.
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Joined Nov 10, 2007
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Trust your mother but cut the cards.
As long as it’s of the people, by the people, and for the people… Yeah, not so much.
It’s no big deal, only $40,000 in US debt per person.
That’s only one Escalade.
It’s soon to be two Escalades my friend.
Housing Crisis Numero Dos is just around the corner.
ZM
We have a government? Why didn’t anyone say so, I feel so much better now……so what is it that this government does?
http://tinyurl.com/9tyjtp
http://www.marketoracle.co.uk/Article7939.html
Ryan
lol! not you lord fly, the other guy.
nothing says “fuck you and fuck the earth” like an Escalade EXT Truck, aka “Section 179 Depreciation Deduction cheating”
Don’t Worry About the Govt
nayr,
Deflation will stop when bloated inventory is widddled away. when the imbalance reaches equilibrium.
I see no such deals in the world of quality electronics. No such deals on high end TV’s and stereo equipment.
Fly your looking for a rally. I dont see one until the banks lead the charge. So far that has not happened.
I’m good enough, I’m smart enough, and doggone it, people like me!
Franken to be declared winner of recount
Lord of the Fly’s.
http://globaleconomicanalysis.blogspot.com/2009/01/44-states-face-huge-budget-shortfalls.html
Mish backing up Fly’s state bankruptcy prediction for 2009
WSJ reports that up to 40% of Obama’s stimulus package is going to come in the form of tax cuts. If that’s true the market is going much higher.
Juice:
Key quote from Mish: “I do not think housing prices bottom until 2012 given massive inventory and soaring unemployment. Furthermore, I expect any recovery will be exceptionally weak, assuming there even is a recovery.”
By then The Fly will own all the houses on his street.
I guess government DOESN’T work when incompetent republicans are in charge of “regulation.”
Sometimes I think that repukes do everything possible for government to be a big failure. I guess it makes sense. Why would someone spend millions of dollars to be elected to a government job when goverment doesn’t work?
They get elected, and then prove that government doesn’t work. Awesome!
The boy just went in for hand surgery, and I bought 1000 AAPL at 92.
(Anonymous Douche, on the other hand, has Cuba, North Korea, the Soviet Union and Nancy Pelotas and Harry Scary as his lodestars… awesome!)
____________
Geez, good luck to the boy, Boom.
bought AAPL @ 92.45
Thanks Jake. The boy is in great hands. Wifey and I are chillin’ in the room.
I think the only thing holding down AAPL is the Jobs health issue. I can tell you that our music sales through iTunes is up 40% year over year, and shows no slowing. I recently read Apple taking up to 10% of computer share, and growing. I think AAPL could run. Just a hunch.
Ben Bernanke sez: “Get long equities or I will plow you under.”
Boom – good luck on surgery
Long AAPL here commons and calls
Boom – good luck on surgery
Long AAPL here commons and calls
I hate to be a downer on Steve Jobs but every experience I have had with loved ones who died of cancer (and there have been too many) is that when they cannot keep the weight on to the point where treatment is required… well, the end is not that far away. I wish him the best but….
Ditto on Boomer’s sons surgery. Good luck. I hear biscuits and gravy will expedite the healing process (for the parents).
Daytrading thought. If market doesn’t tank the Russell 2000 index via IWM or the 2X UWM looks good.
He’s out of surgery. Bada boom. Full recovery expected.
Now, I just have to wake him up (they use moonshine as anetsthetic here in Nashville).
Maybe some hot hot coffee?
Minyanville Staff
09:15:00 AM
No positions in stocks mentioned.
Vibes from Minyan Tony “Snoop” Dwyer of FTN Midwest
From a tactical perspective, the great news is the equity market broke out of its very well defined downtrend channel, which suggests a move to S&P 500 (SPX) 1000-1050. The bad news is that the market is now moving into overbought territory and should have difficulty breaking through that level.
From a fundamental perspective, the great news is that total system failure appears off the table as reflected in various non-corporate credit areas such as LIBOR and Agency paper. The bad news is that until the two needed key perception changes take place, there should be a retest of the November low with the knowledge of a dramatically improved corporate credit environment and stabilization in the global growth outlook. If this plays out as I expect, I’ll look to become “all in” bullish at some point in the first half of 2009.
The two perception changes I’ve outlined remain key:
1. Imminent financial market system failure
2. Accelerated weakening of global growth
Most credit metrics have stopped worsening and some such as Inter-bank lending and U.S. Agency yields have dramatically improved. This suggests the first perception change has been largely accomplished.
But even after the improvement, the second needed perception change remains largely unaccomplished. Corporate credit and most global growth drivers remain historically stressed.
My firm plans on being very aggressive buyers at some point in the first half of 2009, but not without the second key needed perception change showing more REAL signs of being accomplished. Until then, we will remain tactical, which means taking a much more defensive stance toward the market and its sectors as the S&P 500 reaches above 1000 and significantly more aggressive on a move back toward 750-800. At this point, because we are nearer to the middle of the tactical range, we remain “out of the way” and as neutral to benchmarks as possible.
In my view, the many negative influences may be discounted when the SPX is near 750-800, but they are not being discounted with the SPX north of 1000 until corporate credit is flowing much more freely on a global basis.
Good news Boomer, wishing him a speedy recovery.
We need Dr. House to issue one of his blindingly brilliant diagnoses on what that letter from Steve Jobs is really saying.
On AAPL and Jobs
I’m pretty sure we all die one day. Even SJ….
Bottom line is Jobs will control his life not the press.
AAPL over 100 by end of day.
I’d like to see AAP clear the 96’s today. That would be suh-weet.
In God we trust; all others must provide collateral.
Boomer:
Our prayers are for your son’s full and swift recovery.
BOOMER…are you SHORT pocket knives ?
.
Short pocket knives
Long orthopedic surgeons
And, as always, 3x ultralong biscuits
Yes AAPL will BTFO over $95
Happy Fuckin New Year!
Steve, your cough seems to persist, no? And you keep making the disparaging joke about an apple per day.
Steve Jobs lost weight due to a hormonal imbalance. And all along I was thinking he was on Nutrisystem. Anyday now I expected to see SJ in a Nutrisystem commercial –
“Hi I’m Steve Jobs and I lost 150lbs using Nutrisystem”
What is the website for your t-shirts?
Good luck to Boom Jr. A valuable lesson was learned, I am sure.
I cut myself with my first real knife too, trying to push the blade open, along the sharp edge, with my thumb. Actually cleaved clear through the ball of my thumb and split the nail in half.
I breezed through the last few iBC threads this morning. All I can say is, wow, there are a lot of fucked up people out there in blogtard nation.
ERX prints 48.
LMAO at the oil bears
Steve Jobs is so stressed out that he gives himself an hormone imbalance. In reaction to the news AAPL soars. Sweet!
My grandpa had a funny joke about that. He said if I wanted the thumb to heal, I had to soak it in cider. Now, at my advanced age, I realize that was a play on words, and not genuine medical advice.
Maybe some hot hot coffee?
And a “pep talk” from Coach Cawfee?
“Son, y’all may wanna get outta the blade han’lin bidness…”
___________
My grandpa said I should soak my thumb in cider. It took me about ten years to realize that was a play on words, and not genuine medical advice.
Fly, what is the website for you t-shirts and other goodies.
ahhh, browser not refreshing, sorry to be redundant
Done for the day.
Thanks SMH.
Asshole Dip Buyers are fueling the Messiah rally!!! Allah Bless the Messiah!!!
wow, HK sweeeeeet!
Look at the refiners again.
TSO, WNR, VLO, heck — even old Ed HOC-kule, the misshapen muscle-bound referee stock.
VLO looks BTFO, and doesn’t even hit it’s downtrend line til $31+.
Just sayin’.
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M +13% so far for me, thanks to Mr. Fly.
Those gay salespeople at the perfume department must be working overtime.
Smoke! Smoke! Smoke!
Got some red-HOT ERX crack jus’ today fo’ you, Mestah Flah.
Ess schweeet, Dawg!
________
Fly,
I hereby advise you to change your banner again to “higher stock prices.”
(or you can credit me, your choice)
Buy stocks!! The Messiah and Nancy Pelosi love you.
They’re going to give you fuckers tax breaks so you can buy more cigs and sixpacks!! Fuck having a chicken in every pot. They’re going to put a sixpack in every fridge and a pack of smokes in every pocket!!
Little, come back when you have finished puberty. I have the domain name that you desire and you cannot have it for any price.
ERX prints 48
LMAO at oil bears
PS – I have internet sex encounters with immortals. Is that crazy or what? Look it up, its real. That’s just how I roll.
I am so lonely. I want to cry.
hey Jake G-
in case you need to set your watch…
http://obamaclock.org/
LWL — what more could a body ask for?
_______________
Wholly schit, VLO doesn’t want to give back anything here.
However, if we are lucky enough to see it fall back to $23.30-ish or so, we should all praise Jehova and then purchase with both hands and a slightly curled upper lip.
_____________
Sniper… lol, he hasn’t even entered office yet!
Do you think I could get a Biden Clock?
__________
NRP, another BTFO, from a low of $12.75. Still yielding almost 10% if you hurry, you awld, income-oriented geezer types.
Maybe Obama’s not so bad for coal after all?
_______
yeah, but it’d only be worth shit twice daily.
I’m liking coal, coming from a long line of “coal crackers” as I do, no matter who holds the Oval Office
Snipes — lol, thanks for the lay-up.
_____
Signorelli Fibonacci having a rasslin’ match with my dollar proxy — UUP — at her 38.2% retrace line (intermediate term fib chart using 3/17/08 low of $21.92, and 10/24/08 high of $27.19) of right around $25.22.
I count no less than 7 touches of $25.20, 21 and 22 on the five minute charts today, with some considerable volume.
A break above the 38.2% retrace would reflect that the dollar is seeing continuing strength here, and would indicate a negative direction for commodities and equities.
A failure here, however, could indicate a normal “head and shoulder” pattern forming in the intermediate time frame, and a further weakness for the dollar going forward, with concommitant strength for commodities and the stock markets.
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post up