18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
“I think there is no future for this stock. This case for India is similar to what happened to Enron in the U.S.,” said Jigar Shah, senior vice-president at Kim Eng Securities.
“It will not stop at Satyam. Many more companies will come into scrutiny like that. There is a strong possibility investments in India will be affected.”
Alcoa cutting production and jobs. If people thought reflation had begun, then why is alcoa cutting, lyondell is bankrupt, Orange county starting massive county worker layoffs, the dollar is rallying, Gold is in a range, housing numbers continue to trend down (not even a break in the speed of the trend), oil sells for the same price as poo, and commercial real estate dun dun dun.
Everything is losing value and the banks are still levered into the whole mess.
I can’t believe you are long anything Fly. Maybe it’s just your more mature than me and can make dollars even on these cnbc head fakes.
These idiots can’t be serious. This business model ended with broadband internet video. If you can’t find free porn on the internet you are an idiot.
From TMZ:
‘Joe Francis and Larry Flynt claim the economy has made America’s sexual appetite go limp, so they’re going to the one place where sex is always rampant — Congress.
Flynt (the “Hustler” guy) and Francis (the “Girls Gone Wild” dude) are asking the government for a $5 billion bailout, claiming the adult entertainment industry has taken a huge shot to the face because of the downturn — citing the fact that XXX DVD sales are down 22% from a year ago.
“With all this economic misery and people losing all that money, sex is the farthest thing from their mind,” Flynt says. “It’s time for Congress to rejuvenate the sexual appetite of America.”
Francis sees his industry like the big 3 automakers, only BIGGER: “Congress seems willing to help shore up our nation’s most important businesses; we feel we deserve the same consideration.”‘
Silver stocks on the radar for daytrade opportunities.
NG has been on a tear since announcing an increase in financing- also raised to a buy by some Canadian group today.
So India’s only company of value was Satyam Computers? Well call me a bovine and feed me BSE.
can you say ‘saytam’?
I am certain there is a second adjective to add to the investors dictionary (other being ‘madoffed’ of course)
Fraud is global.
“I think there is no future for this stock. This case for India is similar to what happened to Enron in the U.S.,” said Jigar Shah, senior vice-president at Kim Eng Securities.
“It will not stop at Satyam. Many more companies will come into scrutiny like that. There is a strong possibility investments in India will be affected.”
Alcoa cutting production and jobs. If people thought reflation had begun, then why is alcoa cutting, lyondell is bankrupt, Orange county starting massive county worker layoffs, the dollar is rallying, Gold is in a range, housing numbers continue to trend down (not even a break in the speed of the trend), oil sells for the same price as poo, and commercial real estate dun dun dun.
Everything is losing value and the banks are still levered into the whole mess.
I can’t believe you are long anything Fly. Maybe it’s just your more mature than me and can make dollars even on these cnbc head fakes.
The india etfs PIN, EPI, IIF, IFN, INP intact for now
From the Cobra with unforked tongue: 13/34 ema on SPX:VIX
Oh no…are all the clownfuckers from earlier are about to get served?
Time to get elliot waved.
goddamn, look at the 5-day: http://tinyurl.com/9cu64j
Fuck!
I was going to write a giddy as hell/cocaine bullish fable.
Oh well.
Can you SAY MADOFF?
I crack myself up. I really do.
RIM SHOT!
Ah man.
Here’s some TA I’ve been fiddlin’ wit’ for the last week or two:
We broke out of 944 and 960 on the SPX to end the 2003 bear market.
What level did we reverse from today, exactly? 944.
What level will we never see again? 960.
Godspeed.
How much is the PPT going to cost. And is it ok if I purchase it using an 11 foot erection?
He’s already got a dot on his forehead. How convenient.
Smut Peddlers begging for a bailout:
These idiots can’t be serious. This business model ended with broadband internet video. If you can’t find free porn on the internet you are an idiot.
From TMZ:
‘Joe Francis and Larry Flynt claim the economy has made America’s sexual appetite go limp, so they’re going to the one place where sex is always rampant — Congress.
Flynt (the “Hustler” guy) and Francis (the “Girls Gone Wild” dude) are asking the government for a $5 billion bailout, claiming the adult entertainment industry has taken a huge shot to the face because of the downturn — citing the fact that XXX DVD sales are down 22% from a year ago.
“With all this economic misery and people losing all that money, sex is the farthest thing from their mind,” Flynt says. “It’s time for Congress to rejuvenate the sexual appetite of America.”
Francis sees his industry like the big 3 automakers, only BIGGER: “Congress seems willing to help shore up our nation’s most important businesses; we feel we deserve the same consideration.”‘
Small Ad
WANTED:
95 year old male. must have spare quarter of a billion dollars.
Photograph prefered.
Must be non smoker.
http://stockcharts.com/charts/gallery.html?$nyad
comments pls
Stuart, your link doesn’t work. Make sure you use a linkable stockcharts.
Whoops, thanks.
For some reason the dollar sign before NYAD keeps dropping out.
so please make sure link reads $NYAD.
“gets its curry eaten”
You call it that, too? Here I thought I was the only one.
Did I win the “fun-filled contest” yet? Where’s my prize?
SAY all the way to zero.
Good for them.
One foot into the Funnel.
Developing.
BTW, this is really bad:
ECONX December ADP Employment Change -693K vs -495K consensus, prior revised to -472K from -250K
Interesting, SPX futes down, but so is the dollar index.
Don’t throw away those commodity tickets yet, folks.
__________
Fly, I’ve got SAY bid at 92 cent, but I could probably get you a good deal if you’re willing to go long in size.
_________
Silver stocks on the radar for daytrade opportunities.
NG has been on a tear since announcing an increase in financing- also raised to a buy by some Canadian group today.
Now all we need is T MOE to say “get in the funnel” for this to reverse on a dime this AM.
Jana, love your blog. Trying to get the wife to read it too.
By the way, had a girlfriend named Currie.
The answer is yes.
INTC just announced bad news. Explains why it has lagged other chips the last couple of days. Inside info, as usual.
SAY now at 82 cent.
That’s not much curry.
_____