I will cease and desist from offering false hope of doom. As always, I expect the best and hope for the worst—only when I’m short stocks, of course.
Today’s tape is a fucking joke. The sellers are NOWHERE, and I mean NOWHERE to be found. It is almost as if the government found out who they were and locked them in a storage facility.
If you’re short this market, you are not pleased with today’s tepid action. For Pete’s sake, the oil inventory data was 8X’s worse than expected, yet XOM is down a stick.
Fuck me on a spindle.
Frankly, I’ve had enough of this bullshit. I may just leave my business to my underlings and take my show on the road. I can do stand up comedy, inside banks—wearing a ski mask. Or, I can go fishing, inside shopping malls, near water fountains.
Needless to say, I need the keys to Zion. I need to find you fuckers, who escaped the Matrix, and have my robots murder your heads off.
Listen up you fucking fagots, the dollar is not going down in 2009. How about that?
And, on top of that, your local lender over there, that little piece of shit WFC, is going to dilute the shenanigans out of their idiotic shareholder base.
May your inheritance be fully invested in shares of SAY.
As an aside, with my money, I am semi-retired. I am into eating sandwiches and celebrating birthdays, on a daily basis. I don’t have time for this January shit.
Top picks: Turkey and mustard.
NOTE: A fine chart to get long on, indeed.
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Goldman upgraded AKS after it doubled… How can you not luv that.
don’t despair, this is the apathy phase ala carter worth… soon to be followed by the holy of fucking pecker where’d my fucking portfolio go, I’m going to kick your %^$&&& ass Worth phase
I can go fishing, inside shopping malls, near water fountains: too good.
I ve yet to see one anylyst put a buy/strong buy on any stock at its low…Too busy contemplating their protruding navels
It is almost as if the government found out who they were and locked them in a storage facility…
almost?
wow, today’s action has just stalled to a dead calm…..and GM is up?
I see on CNBC just now Andrew Jackson, George Washington, Thomas Jefferson, James Monroe and one of their servants all shaking hands…….
lies are tools of the devile. and if think this is bad you aint seen nothing yet
down down donw is the call pack in your canned goods
Have faith Fly we will go lower. The big 4 have to be shitting themselves due to:
-Madoff lawsuits
-The Enron of India (PWC)
-The fact banks are still carrying shit at inflated prices on their balance sheets.
When they finish their audits and the fy08 earnings come out they are going to make the banks take some major writedowns (like they should have done last year) to cover their asses.
great post.
I like canned pears let get alot of those
” everybody lies ”
Dr. gregory House
plus a shitload of good beef, I want a alot of steak when I die
It seems to me that all the sellers are just waiting for the S&P to hit 1000 and the Dow 10K. Probably no one wants to be early to the party and have to sit through a painful short squeeze election rally.
don’t forget the government now owns most of the big banks and that means that the books will really be cooked. now that the gov is a shareholder, you can bet the numbers will be hidden from us for years……just assume the earth will flip on it’s axis soon and all of these asswipes will be under water when the oceans find new shores…..
You spelt [sik] ‘faggot’ wrong, gay boy. Not that there’s anything wrong with that.
if you can make good men fat on steak in your life its a good life
The sellers are NOWHERE, and I mean NOWHERE to be found. It is almost as if the government found out who they were and locked them in a storage facility.
Word is they were all reported to the magistrate by some stoolie a couple of days ago, and mysteriously hauled off.
_________
well the triple seel doese not seem to work
its time rally, america, but itw way to early
It time for the tough to get going, and shit
Fly-
Why give up hope of doom so early in the day and before the jobs number on Friday. Yes the volume is weak once again but the sell side will return as the this short up term gets broken, which will happen soon IMO. stay in the funnel
you are
a pack of weak ass losers so it wont happen
Bruce —
He was calling us French cigarettes.
_____
SWHC huge pistol order- South Australia Police Force (SAPOL)
About to tick green
your not man enough to save the USA
told you the result for the outcome
want to hear the whole long history thing
I’ve spotted some of the missing sellers.
They were in the local mall, wearing orange safety vests. State troopers were watching over them as they put in their 8 hours of forced spending for the day.
One foolish seller spotted someone fishing in the mall’s fountain and started laughing at him. The sadistic troopers forced the seller to do the rest of his day’s shopping at the kiosks. The other sellers had pained looks on their faces as they clutched their wallets in sympathy.
I wanted to find a map of 1930 that comped the USA to the world
I think the map would look the usa as an average country
So boring, I almost clicked on Woods blog ffs.
so war comes and we go to 1000 debt
This rally is not over. This rally is not over. What is not over? This fucking rally. Get your balls on to fade the jobs report. Market will go down on next good news. You might want to use close stops.
I’m inclined to believe that the decline will really start next week, but there is little harm going short now. I am lightening up on my longs.
so what happed in history is we killed tens of millions and destryed alot of property
do you want to repeat that?
RIMM Storm is an I-phone killer. Lazard says it’s sold out. Plus the stock is a cash flow machine and ridiculously cheap.
Does up 2.5% on a terrible tape mean anything?
I owned it much cheaper but it got called away with the December expiration. Reloaded this a.m.
Better getcha some a dat shit.
IT MAKES SENSE THE COMPETION WAS WIPED OUT
Cubs, don’t do yourself any favors!
Solar burritos for lunch today!
Monster M-80 spiked with Putin’s special blend.
Good times!
In the year of the castrated, limp dick bull, office buildings will be rife with cobwebs and rats. Big chains will die leaving ghost malls in their wake.The Flesh of the consumer is ripped off the bone. Towel heads are burned with oil from the desert in which they live to try to hold up prices. Free market capitalism will die. Americans will take to the streets seeking revenge for those who are responsible for their misery.
Eric “the oil barrel of monkeys” Bolling says oil should be $75.
Where is Jeff Macke when you need him?
the storm is garbage
I am on my way to your house with an oil tanker in tow filled with 3 legged gay romanian goats dressed in mini-hazmat suits.
Door #3 please.
The storm sucks.It’s hard to type. Verizon, the best carrier IMO, should have should have turned down the contract.
4fl3x,
You know that means go short AKS today…..GS always pulls that kinda crapola….
Approaching 912.80
What I own that’s green:
MON
DEO
TBT
(Oddly, these are probably my three favorite “long termers” )
__________
Decline has stalled. Tape is boring. volume is nonexistent. fuck it, back to doing lines of coke to make it more interesting.
I prefer scuba diving in mall fountains scooping up loose change.
As long as the SP500 stays above 900 the rally is still on. Don’t short. Hedge if you want it is safer.
MON is a MONster. Definately a long term keeper. I owned it in 2003 and sold it after it almost doubled.
Will always regret that sale.
check out CHTR? what the fuck is up with that useless stock?
TBT strong again today.
Nine talking heads on CNBC. What a joke the only one who has any sense is Santelli
CHTR is up because I sold it last week.
Another doubled missed because of my lack of patience.
we close green today 😉
T MOE…Your posts make Dennis Kneale look like a MENSA graduate.
I knew GS was overbought. I got short at 90 on Monday. I was a little nervous yesterday, but stuck with the trade. 70 dollars here we come. Fuck the Partnership
The storm is garbage…I was looking at buying one, and ended up swearing at everyone in the store after I finished testing it out. O and FYI, that new flip phone…ITS GARBAGE ALSO..RIMM was looking at expanding into other phone area’s and its just NOT going to happen.
I don’t want to turn this into SRS forum, but fuck it,…Is there any correlation other than a short squeeze between money moving into oil and Reits? Or am I trying to hard here. In other words, an inflation play???
Inflation ?
No help for SRS.
CRE will go and IYR will drop 15% — in about 2 days. There won’t be time to get short once it breaks. Dividends will not be paid this year.
Bravo: sorry but I can’t shut up about TLT, but IYR/SRS is heavily impacted by TLT/TBT. if investors are willing to dump more money into corporate bonds, then REITs and any other firm that relies on financial leverage is saved.
the lack of movement in SRS today is simply because it really is getting easier. however, if the economy really does shit hard this week or next week from earnings, and we also see a move back to treasuries, that’s when we’ll see SRS move, at least that’s my opinion on what i’m seeing.
You can go broke being right, but nobody ever went broke taking a profit…
Market down 215 yet no love for SRS DUG and FAZ
Here comes the funnel
SRS in my opinion has no real bearing on inflation.
The increase in costs of goods and increases in mortgage rates during inflationary times has nothing really to do with peoples decision to buy or sell a house.
See, during good times, when house prices are up, if you sell your house for the profit, then you either from that point on live on the street or in a unused room in a mall, or you have to buy another house. When you buy that house you have to pay the same high cost for another house…you have really done nothing but move your shit under another roof…..profit gone…
During shitty times or times when house prices fall and you sell your house to buy another one, you sell for less but you also are going to be buying the new house for less….in other words, if you bought your house 20 years ago for 100,000.00 and now it is worth 200,000.00 and you sell for the 100,000.00 profit but have to buy another house to live in then you will have to turn around, spend that 200,000.00 at current house levels to get back into another house of equal size……If you just bought a house for 200,000.00 and now it’s worth 100,000.00 and you have to sell it…then another house up the street is under them same economic conditions, and you can buy another like house for 100,000.00…….in the end for real estate, during good times or bad, it is all even at any particular time.
so i herd you liek mudkips Says:
…if investors are willing to dump more money into corporate bonds, then REITs and any other firm that relies on financial leverage is saved…
OK, then the logical question is exactly how much $ is being thrown at corporate bonds, eventuall winding up in CRE. I would think that somewhere in there is the answer to the CRE debate.
The jobs report in December was bad, what, 500k+ lost, and if I remember correctly the market got whacked midweek or thursday, and then recovered the next few days. Does anyone see that pattern here?
El Tib – you mean faking a profit… right?
Artiste – Why should house prices go up during “good times”? The house is older needs more maintenance, etc. By your reasoning my old car should go up in price also during good times. Right?
I’m now sitting in 95% cash. Going to just trade futures for a while; the way these etf’s trade is over my head.
This whole CRE deal reminds me of DRYS last December, which I got reamed on. It crashed from 84 to low 50’s, then spiked to 110. The point being is that it was one crowded trade.
Eventually we saw what happened to DRYS. Is not short CRE a crowded trade? If so, the squeeze or whatever the fuck is happening right now will last a lot longer than most peoples ability to remain solvent.
Bob Pisani needs to to some Coke. He is funny. Jump in the funnel jerk off!
Bravo: i definitely don’t disagree with those points, but do realize that the problem with CRE isn’t just fewer jobs and higher vacancies. REITs are more importantly facing immediate bankruptcy Real Soon Now because of a lack of funding. if bond rates are that high, the possibility of issuing new bonds to ensure continued operations are killed.
yes employment numbers are important, but not as important as companies like GGP having enough working capital to be around next month.
T MOe,
i stopped watching that garbage. bloomberg tv is much better IMO.
relax fly, wait till the bear flags break and then watch the market drop like a rock to new lows. The government is pumping stock buys through the discount window through the central banks to slow the decline, however, the break will happen probably after the payrolls report on Friday. I’m banking HUGE coin on this swing. SSF bull fucks are dead.
shitshitshit, i’ve got short SPY positions, should i cover? DEVILDOG is here.
(haha just giving you a hard time DEVILDOG).
Time to short MON and buy pot, I mean POT
Yogi & Boo Boo, over time the house is in my opinion is “used” and should sell for less than when it was “new” I mean lets face it it has been “shit” in for all these years….at least in one particular room in it…..but the land under it goes up in value as time goes on….but what is crazy (I am an architect) is most of the time it is only the land that has value.
If I may add my 2cents into the REIT/bond discussion I’d say money will flow from Treasuries to corporate bonds over the next few months (that’s why I own TBT and LQD) but I’d expect that money to flow to the best of the best corporate bonds, A+ and higher. I just ran a search and Simon Property, Boston Properties and Public Storage are A-.There are 9 REITs at BBB+ and a ton below that. I see the money flowing to P&G, VZ, T etc bonds and not to the REITs.
^^^^^^^^^
Delusional.
(DD)
_____
Good point mudkip…
To sum your point up is that even though rates are high for bonds in CRE, the risk is as well, and the ability to issue new debt is the 64k question.
As usual, the point now and always is managing one’s risk. That can’t be stressed enough.
Bravo: exactly! 🙂
DannyBoy: yeah, probably overwhelming majority will go to non-garbage, but i could see retard fundmanagers eyeing the 10% returns and buying REITs anyway. let’s not assume that they’ll do the smart thing haha
DEVILDOG…seriously…your credibility is slightly north of non-existent.
Good time to cover RIG short now that Cramer has pimped RIG 60 Puts.
DEVILDOG,
Not to be antagognistic, but you called for new lows before DEC. job report. Your credibility has thinned dramatically. Your not seeing something, that is the huge rally we have had in your Devildogmatic ways. Just saying….
Shemp, Please leave DD alone. Look what you did, we’re at new lows.
I’m falling asleep…….
DD reminds us of Eddie Haskell.
A very rascally fella.
Whatever, I have not changed my position every day like most of you. I’m holding all my SHORTS for new market lows if not by 1/19 then by mid February. I don’t care which it occurs on as I’ll still make HUGE coin on either date. The only thing throwing off my time lines is the government buying stocks at the inflection points to keep the market up artificially. Since I’m not a central banker I don’t know when this is being done. One of these days years from now we will finally learn that this market fraud was being done by the government. Don’t forget about my REVOLUTION and GREATER GREAT DEPRESSION call as it will happen. I’m still calling for S&P 150.
Signorelli Fibonacci SPY Update:
Near term pattern (11/04 high @ 100.86, and 11/21 low @ 74.34) gives us a 61.8% “strong line” retrace at $90.73.
Since we are already through this retrace, I expect it should act as support here, at least for the near term.
___________
CNBC is paranoid that they were duped and lied to (Ramalinga Raju). They are worried their ratings and viewers will abandon them since they are giving out false information and hosting liars and cheats.
Now they are relying on ‘ body language ‘ experts to tell them if someone is lying. A lot like O’Reilly Factor’s body language experts.
If that’s what you are going to now have to use to see if someone is telling the truth….sheesh sign me up, I will go on CNBC and tell them who is lying and who is telling the truth. OR they could go out and hire the ‘ dog psychic’ to do readings on each of their guests and hosts.
🙂
.
I am channelling now…doing a mind-meld…”think I’ll go over and sniff that other dog’s ass”…
…”I’ll just lick my own nutsack now”…
“I smell BACON!!!!”