With the market throwing refrigerators on the heads of those who are long Obama stimulus plays, I thought it would be “nice” of me to pile on here and offer up some “loose toothed” short sales.
As China slowly but surely slips into recession, basic resource names will get crushed, under a heap of “clown debt.” As I’ve said before, only assholes buy infrastructure plays, in the midst of a global recession.
China is one giant GM, making a bunch of shit that no one wants or can afford. They are forced to keep expensive subsidies in place, while making sure crazy eyed factory workers keep their jobs. It is an economic structure made from a mixture of seaweed and shit. It will fail.
The following stocks can be shorted, in between snacks:
RTP, MT, DOW, SNP, CHK, RIG, CNQ, APC, FCX and EP.
All of the above names have mountains of debt and negative cash per share ratios. In a tight credit environment and depreciating commodity prices, all of the above names, as a point in fact, will get bowled on by “space alien magicians” in plutonium powered time machines, during 2009.
Trade accordingly.
NOTE: CNBC is a fucking joke with their Madoff controversy reporting.
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Dennis Kneale is a moron…..
Shorting Rice.
This Madoff thing proves why we all in ibc wants to be rich ehh?
Yeh CNBC has turned into 24 hours of Nancy Grace….and Nancy Grace is a cunt whore retardette…..what a joke, I just got so pissed off that I wanted to hear some “stock market reporting on STOCKS”? and turned to Bloomberg….and THEY are doing a minute by minute on this fucking useless Madoff shit……….
I like how Madoff is pronouced Made-off, as in, Made off with yo money. I think he should be set free to show how fucking stupid the government is in overlooking a ponzi scheme and make it a lesson to know who you are fucking investing with. Free Madoff!
it’s all about the ratings
I love how CNBC is a clown car sideshow and yet you people still watch it for 10+ hours per day.
China in recession ? Any data shithole ?
Most “China” (plate settings, like the 545,000.00 new plate setting Laura Bush just bought) are made in Japan…….go figure……..
Been trading full time for about ten years and part time for another fifteen or so and this so far is the slowest January market I can remember. No idea what the volume is but the price movements are slower than usual.
Mushroomz, get back to shinning those mens shoes………..
The government is the biggest ponzi scheme. paulson is still free. madoff is small shit compared to what paulson did at gs to start this mess and the TARP he did to provide even more of our money to his sham buddies which he will get a piece of after the 20th. Madoff is a diverson to keep the spot light of the real scumballs like paulson and the central bankers. Wise up sheeples. Time for GREATER GREAT DEPRESSION and then the REVOLUTION that eliminates paulson and bernanke.
EDU is the Yugo of China stocks.
All of the data, from steel production to energy consumption points to Chinese recession. However, never expect the funny numbers coming out of China to confirm it with recessionary GDP data.
After all, China has been growing at the exact rate of 9.7% for 27 straight years, Madoff style.
Gotta love the smell of taxing savings, Krugman running the economy and bigger government:
http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html
Fly,
Would you lump big construction guys (cbi, fwlt) in with the infrastructure plays?
Artist, I rarely watch any bubble teevee, but when I do want to get a quick futures quote whilst giving the baby his morning peanut butter and bananas (don’t ask), I turn to B’berg. When I did this morning there was a strikingly attractive young woman speaking with a strikingly UGLY money manager who seemed to be pushing TIPs. Did you catch that, by chance?
I’ve noted in the past that B’berg seems to have the corner (save for the elusive Karen Tso) on good looking Asian and Eurasian anchors.
Funniest thing about this one this morning is that she seemed to have that Becky Quick-like drugged haze interview style going on — it must be the early hour for these poor things.
_________
fly,
thoughts on cck or ptv for a short? Mountains of debt, soon-to-be crap earnings, etc. They both seem ripe for an old-fashioned ball-kicking to me.
yes
(Howard Cosell voice)
And DOWN goes tha dollah!
DOWN goes the dollah!
(/Howard Cosell voice)
__________
stfu jake.
I think he should be set free to show how fucking stupid the government is in overlooking a ponzi scheme and make it a lesson to know who you are fucking investing with.
Holy crap, you may have just stumbled on a brilliant defense strategy for the bastid!
Think about it — “Your honor, I would submit to the court that my long term security plan for my investors is NO DIFFERENT than the one currently being carried out by the Social Security Adminstration!”
Can you imagine? They’d OJ his ass right into the White Bronco with that one.
_______
Market is correcting finally pulling the breadth overbought indicators down. For being greedy Friday, im out of my stocks with a slight loss…nothing major…
Volume is like 4 to 1 to the downside…
Sheez, just an observation.
Ain’t no way to save the market but through the downfall of the dollar.
So it all makes sense, if you know the PPT…
__________
yep jake, Bloomberg has hands down a horndog like me for a recruitment officer…..and he is hiring some phyne-ass hot asians here lately…….even in the afterhours shows on “asia-bloomberg” are some hotties……
Look at that little monkey go.
what is the movie going to be titled?
“Weekend at Bernies 4”?
Gee gold DOWN big today…who knew? $600 next stop. My DZZ is green and mean! CHACHING!
The ironic part of this whole shenanagins is the Fed & Treasury are a ponzi scheme.
Do the math.
Jake, get a clue the dollar is going up to a new high on this swing.
LMAO, SAY up about 70% from the open.
The headline says it all, “China is GM”. The fucking puppy eaters are gonna be forced into civil unrest, kinda like CAP being forced to suck his own dick.
I’m BAAAAAACK.
Seriously, C, next stop back to 3.00……
and remember people…..it’s investor, not inwestor……..
China is so fucked…what happens when the natives are restless…they overthrow the government…not a pretty picture…nickel continues to be off its high of ~USD$51.8M per tonne by <80%…one of the primary indicators of Chinois health
Long live FXP that evil piece of schizer (sic)
MTW just raised to buy by Wall Street Access, never heard of ’em, some third-tier bucket shop I guess? Scaling in.
TheArtist: haha yeah anyone notice the ads on CNBC are like the same 5 ads all day? guess they’re facing a full blown recession as well. *crosses fingers that the fuckfaces kudlow and kneale get the axe*
Dawg —
You may very well be correct, and I thought you were more correct this morning.
But the dollar’s weakened quite a bit since then, and UUP is now back below it’s 38.2% retrace from it’s big move.
Could be the right shoulder forming, as well.
_________
In a flight to safety things perceived safe go up including the USD…
Jake,
Commodities are valued in USD…
Dennis Kneale sounds today like he still has a little bit of Kudlows load still stuck in his throat?………
about 3 hours left to hit those “NEW LOWS” that Mr devilfog was so sure we would hit
The dollar will not drop. You heard it here first.
John Thain is the worst CEO in America.
Fuck off new lows. You need to keep up. Not baited…figure out the new lows yourself or go back and read. I updated the 12th call a while back.
Fly, I believe I was the first to say the dollar will not drop, however, gold will.
I forgot about the lows by DD, i really doubt it, but Market looks like its going to drop a little more…
Odd, Leading Stocks are up 5%…
Don’t forget the mastermind (who was paid, according to filed senate documents, $498,000,000.00 fiscal years 2000-2007 in salary, + bonuses) to run Leaman to bankruptcy…..Dick Fuld tha magnificunt
All of you talking civil unrest in China are correct, however, you need to expand your thinking to the USA. It will happen.
Jake:
Saw that same TIPS segment this AM. Cannot stand Quick-y, especially when she forgets to get her hair poofed.
“Join Betty Liu to get an early edge on the trading day.”
DD updated the date to the 19th, so hes partially correct.
I’ve updated that to mid-Feb., however, the 1/19 is still possible.
I predict that DEVILDOG and a broken clock will both be right at some point in time. Write it down.
“I am the Greatest. Great is never looking down on those that look up to you”.
Hey nazrul, can’t you come up with something more original and entertaining other that the broken clock crap. You must be one of the dumb cows. What is your prediction oh smart one?
The broken clock will win……..
Hey, broken clocks are right more than Dennis Kneale.
DEVILDOG Says:
All of you talking civil unrest in China are correct, however, you need to expand your thinking to the USA. It will happen.
January 12th, 2009 at 1:24 pm
DD,
You’re right. Look at the media lock on the Oakland riots.
SRS come to papa!
Jake,
Commodities are valued in USD…
(Smacks head)
Thanks!
😉
_________________
LOL @ DDawg and Fly vying for “biggest bearshitter.”
Ah, me.
_________
_______
Broken digital clocks are never right, unlike the devil dog, who is god.
The Fly Says:
Hey, broken clocks are right more than Dennis Kneale.
Or kudcrap and crammer. crammer’s call that oil would NOT go below 40 was sure a great macro call. I’m just waiting for some blue collar average joe that has followed their golidilocks, mustard seeds, permabull all is well the market only goes higher advice, and has lost all their money, shows up and blows one or both of their heads off. That would be entertainment.
Zen,
Oh, I dunno, there’s something mesmerizing about the Quickster’s ability to pull off that “hey, you, don’t you see I just smoked a toilet paper roll-sized jibber, over here?” look every morning.
With aplomb, no less.
__________
We, have alot to think about here in the USA, including China overbuilding their country (kinda like Dubai, which has completely overbuilt beyond sustainability) and aside form financial situations where bonds and treasury notes and debt are concerned, we have to think about the other worries now, which are conflicts caused by economic problems. Russia is near collapse, China has overbuilt, Iran is up in debate as to where the fuck the world stands with them, Israel and Palistine is still at it, we are morfing back into Afganistan and away from Iraq, Pakistan is not cooperating with us, India still hates Pakistan, Pakistan still hates India. Israel, Pakistan, India, China, Russia and possibly Iran all have nuclear capabilities. Hezbollah is sitting on the sidelines due to upcoming elections, but as soon as they are over can join the fight with Hamas againt Israel, Iran is Hezbollah’s main sugar daddy, and Russia supplies Iran……and lastly…..No one on the planet earth has yet to see Erin Burnett naked……so you can clearly see trouble at the hen house
Hmmmm… consternating.
UPS, one of my main “economy tell” stocks….
is GREEN.
WTF??
___________
I know a couple of Williams guys who seen that l’Artist.
__________
I predict that DEVILDOG will continue to suffer at the hands of Mr Market…because:
DEVILDOG is not nimble.
DEVILDOG is stuck in his ways.
DEVILDOG is very angry.
DEVILDOG is too emotional.
DEVILDOG is mentally unstable.
I assume Cramer will be even happier now that HOG is an accidentally highER yielder. What an asshat.
No shit re $ up and gold down with all the global currency devaluations going on … thanks for the old news DD
LOL @ DDawg and Fly vying for “biggest bearshitter.”
Ah, me.
I think that is an easy WIN for me.
employee8, I don’t remember you saying anything about gold last week when it was hitting swing highs. How about coming up with your post?
Jake:
In case you’ve been looking at your fucking charts upside down, the dollar has been trending UP for weeks, if not months.
nazrul, I submit that you were and are long and are and will lose you ass. Tuff shit.
If Devil Dog is the extreme Bear on this blog who is the extreme bull? Ya know ‘ fair and balanced’ Do we have an exact opposite of DD that comes to this blog?
Doubtful
You know, there is NO difference between housing bottom pickers from oil bottom pickers. In both circumstances, you are trying to catch a falling knife.
Why not wait for the trend to firm up? I do not get the obsession with crude. Oil was last years story.
I and many others don’t want to see Erin naked. Factor that in.
That HIG short looking good today. Thanks Juice !
That hooker KIM is also bringing me my money.
Pendulum:
I nominate Chivas and Jake as “extreme bulls.” Those two have been giddy over their longs.
FLY – the problem with waiting for the trend to turn up is you miss the first 20% of the move which is often the fastest part of the move and the nicest. You want to buy into that falling knife in increments and when things turn they turn so fast that you’re up a big amount in a matter of days.
When people miss the bottom, they wait for a pullback which often never comes and then you end up buying 30-40% off the bottom.
Jake:
Rutgers University graduates specialize in “toilet paper roll-sized jibbers”.
http://www.cnbc.com/id/15837996/
Joey Bag O’ Devil Dogs Says:
Broken digital clocks are never right, unlike the devil dog, who is god.
Joey, great point about digital.
GEneratinal Bottom is the extreme bull and an asshat
Dennis Kneale is still trying to clear Kudlows latest load out from the back of his throat……made when Dennis goes down on Barney Frank (the gay meatball) later today Barney can blow thru Larry latest load and clear it out for Dennis? lets hope so, for Dennis’ sake…..
I’d like to see Rebecca Darst nekkid. Something about her just screams, multi-O capability.
DEVILDOG…I submit you are like Hannibal Lectur’s cell mate in the movie Silence of the Lambs…you know the one…he whacked off all the time…I think Hannibal referred to him as “Minks” Anyway…that probably matches your profile to a T.
There is no way someone of your character could ever trade successfully. You are too much of a tard.
jake is a bull but he makes money both ways from what i see, i think he just posts his bullish bias more often to bug others…
holy shit, WTF, I’m getting a severe spanking today
CAP:
You said …”…the problem with waiting for the trend to turn up is you miss the first 20% of the move which is often the fastest part of the move and the nicest.”
Qustion: How is the first 20% move the nicest, other than being a 20% move? I mean, geez, woudn’t one rather wait for edification on the safe side, assuming any move is safe?
Just thinking of a Fly Reality TV Show. Staring of course the Fly and all his minion followers. But to make any reality TV show good you have to have extreme opposite opinions fighting each other, you have to have people in the middle who are sucking-up to either side (can I be your friend?) and you have to have the show’s ass-kicker main star everyone loves to hate (Fly) yet at the same time mesmerized by his unworldy almost spellbinding charm. We have to have a little paranormal thrown in too so a few psychics who are there for the telling of futures and everyone’s love life.
Only small glitch is how you film a weekly show with everyone scattered across the globe….still working on this idea….developing……
Just in case you all forgot:
DEVILDOG the only one making this call:
# DEVILDOG Says:
The market is going to take a major dump first thing Monday morning and close near the lows of the day. Weak BEARS will cover 30 mins – hour before the close. I won’t. Tuesday same thing. BTW, I updated my new low to 1/19 last week, however, we may just do a slow cascade down until mid February. I’m not covering my 9/19 or 12/6 positions until we get a 6 handle on the S&P.
January 9th, 2009 at 5:46 pm
WRITE IT DOWN.
DD, been anti-gold for a long time and will remain that way as long as deflation persists or I see a panic selloff/buying opportunity for the long haul. $ action speaks for itself …
Uh-oh, bulls can’t hold the wedge uptrend line. Commence gonad removal.
Dog,
I expect you will be the one leading the unrest…I grew up in a home with that kind of talk. Therefore, I don’t believe it…fucking precious metals hidden throughout the house and guns buried in the yard…Mad Max was only a character in movie!!! What else will politicians use to rally votes other than unification against the evil unknown
China already built a country from selling shitty plastic useless things.
The transition out of that may crush them.
still a bear market rally correction unless 848 spx gets breached then the rally is aborted and I join the ranks of the bearshitters.
El, you’re right I will. The evil ones are in nyc and dc. Stay tuned.
I don’t know DD…..monday and tuesday are going to be the ball lickers Obama rally days……of course total bullshit as we know but none-the-less….so I plan to be either on the sidelines monday and tuesday or already in the rally if friday is up, if friday is up most likely the Obama rally will happen monday and tuesday…..wednesday will start the downfall…….
Idiot, China is not GM.
China is Dollar Mart
.
I need a 10X inverse China ETF pronto!!!
First, wrong about the dollar. ($USD) peaked out in mid-November and plunged through it’s uptrend line to bounce at it’s 61.8% retrace. It’s now coming on it’s 50 day MA at about $84, and to the underside of it’s old uptrend line.
If it breaks through there, I’ll get bullish on the dollar again, but not until.
As for this:
I nominate Chivas and Jake as “extreme bulls.”
ROFL.
_________
Excuse me but have you looked in your house lately to see what all is made in my country? Everything from car parts, furniture, appliances, electronics, computers, cashmere sweaters, shoes, sports equipment, hair products, make up, dog food, people food, bibles, books, clothes, Walmart the entire store, jewelry, condoms, birth control pills, china/crystal ,farm equipment, etc….
Just keep betting against me and see where it gets ya…..
I have a serious question…
The government already put like $40 bil on Citigroup plus honored their debt…
Stock is at $5.80 and sliding…what happens if the stock starts to crash again? Government is going to double down like a degenerate gambler?
Have some of you ever wonder that it does not matter what the government does? If people lose confidence in a financial entity, that is it? I mean, why risk doing business with Citi, when you can easily COST-FREE do it on BAC or JPM?
Jake, get ready for the break.
SRS is making higher highs and higher lows.
Artist, my call was this past Friday. BTW, the obamarama rally was the last week of December. Since the market looks ahead 6 months I think it already figured out that the great one will be our next corrupt, lying president. The 20th may be up slightly from SSF 528 cows, however, it will not break the downtrend to NEW LOWS that started on 1/6.
Just a reminder:
# DEVILDOG Says:
Just in case you all forgot:
DEVILDOG the only one making this call:
# DEVILDOG Says:
The market is going to take a major dump first thing Monday morning and close near the lows of the day. Weak BEARS will cover 30 mins – hour before the close. I won’t. Tuesday same thing. BTW, I updated my new low to 1/19 last week, however, we may just do a slow cascade down until mid February. I’m not covering my 9/19 or 12/6 positions until we get a 6 handle on the S&P.
January 9th, 2009 at 5:46 pm
WRITE IT DOWN.
January 12th, 2009 at 2:06 pm
my comdoms were made in East Germany?
Devil Dog where do you live? Do you still live back east?
Are you retired from those two different VP positions?
Are you a part-time trader?
Do you have your own website?
Do you play golf? or fish? hunt? sit on couch after sitting in chair all day?
Do you live in the woods in the country with a stock pile of food guns and supplies?
Who are you? The link on your name is always broken…
.
Thanks for the heads up earlier on the Hugh Hendry video. For those not familiar with the guy, it’d be a good idea to search CNBC archive for his previous ones; they are six or seven for ’08, all great stuff.
C is hardly a viable institution; with the forced sale of SmithBarney, the Treasury has already started dismantling it. Their substantial EM exposure is not helping either.
short SVU