Our Government will never allow capitalism to flourish again, willingly.
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Joined Nov 10, 2007
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capital-what? it’s the emergence of a global economy. bleh.
Oh Republicans, where art thou?
Obama is now our president….Newly appointed Mr. Timothy Geithner is now our Treasury Secretary, so why the pessimism? So what if Mr. Geithner didn’t understand the tax laws. It was an honest mistake, right(wink)?
Throw em both in the funnel!
No, this is called a democracy, where the weak and the poor (the masses) are allowed to dictate how those that have should spend their money in order to increase their quality of life.
On a side note Ayn Rand and I are starting a small retreat in Colorado for those we feel are worthy…we are currently taking applications.
True.
The skynet system has now taken over and we have no reason for you dirty humans with your stupid capitalist funnels to exist.
In other news, the bulls are going samurai on the bears in Japan.
And according to CNBC Geithner uses Turbo Tax, just saying…
Come Fly with me!
Well Christina, we had our chance and we pissed it away.
Lesson learned.
Its a coin flip… gap up, or gap down?
This market has forced me to become a daytrader, holding large cash + hedged equities overnight.
My A.D.D. is in overdrive.
My thoughts about tomorrow: Some surprises…. Unexpected gains are not unlikely-
.
The skynet system has now taken over and we have no reason for you dirty humans with your stupid capitalist funnels to exist.
Funny.
Don’t forget to capitalize the “s.”
I, for one, welcome my new “coppertop” existance.
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In other news, the bulls are going samurai on the bears in Japan.
You saw the dollar at the close, so I’m expecting you were not surprised by the Kobe Ursine Massacre.
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The total amount of gold held by the world’s gold ETFs last week rose for the first time above the 40m ounce level. Together, such investment vehicles are now the largest holders of physical gold after the official reserves of the US, Germany, the International Monetary Fund, France and Italy.
Hold on to your lunch!
Obama Does First Formal TV Interview as President with Al-Arabiya…
http://blogs.abcnews.com/politicalpunch/2009/01/president-ob-10.html
“The noise level is building from the ‘experts’ on TV. By the end of the week, I expect that most of the S&P 500 earnings will be in and probably 20% of these companies are likely to disappoint. Then there will be a new round of stories, mostly negative. But, as long as the Banks can manage their capital issues, which is likely, and we see more instances of insider buying from bank officers and directors, like JP Morgan CEO Jamie Dimon for instance, the market will also likely be net buyers, and prices should generally lift.”
If by “capitalism” you mean rampant unchecked, over leveraged, foaming at the mouth greed.
You may be right.
I’ll hold judgement until Glass-Steagall is repealed.
Welcome, ladies and gentlemen to Bay Street.
On a lighter note, REIT earnings start pouring in on Wednesday AH.
SRS will definitely be in play.
btw – REIT Managements are notorious for optimisim on their outlooks.
I am not sure what the left nut is talking about.
Whew, Cuervo, it’s a good thing the voracious maw of the gov’t (last budget $3 trillion) isn’t greedy or anything, huh?
I mean, thank goodness we have those right thinking stalwarts in Congress to save us from our collective “unchecked greed” with Recession-extending bailouts to the appropriate political cronies.
In fact, right here and now I’m going to nominate Chris Dodd and Charlie Rangel to be our new “Unchecked Greed Co-Czars” — you know, sorta “Geithner-style?”
I’m feeling very patriotic right now. Can we still join the European Union?
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JAPANESE RECESSION IS OVER. INDEX CLIMBS BY MORE THAN 5%, BASED UPON A STRONG US ECONOMY.
ROFL.
Who makes this shit up?
any thoughts on TM? speaking of nippon.
Get WRONG or be LONG, Amelican bastages!!
Har! Har! Har! Haaaaarrrr!!! (cough! cough!)
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pat: banzai.
Once in a while you get shown the light in the strangest of places if you look at it right.
Goodnight Fly.
http://www.myvideo.de/watch/3801836/Butthole_Surfers_22_Going_On_23
I think I found the solution to all our troubles.
More good news for stock lovers:
http://biz.yahoo.com/ap/090127/dividend_cuts.html
Good night.
more futures nonsense. buy the market at 0930; sell it at 1000.
Fly, you’re so melodramatic. Are you sure you’re not a chick?
Our Government will never allow capitalism to flourish again, willingly.
i disagree, fly. If you lived in the 30’s and witnessed FDR’s attack on the market you would have felt the same and it was much more serious. the 70’s was a lost decade and the economy was buffeted by silly policies. The 60’s great society movement was a disaster paid for in the 70’s.
Obama’s experiment will fail if he goes too far left and then the pendulum moves back.
Capitalism got it’s head shot off in 1964.
@Jake – Canada’s already moving that way.
Deeper trade intergration, etc.
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20081017/Harper_Sarkozy_081017/20081017?hub=CTVNewsAt11
“Obama’s experiment will fail…”
Who are you people and where have you been the last 8 years? How about the last 28? The dude is in office for all of a week and you’re talking like this.
Learn your history. The problem isn’t that we’re going to move too far to the left, it’s that we’ve already moved too far to the right already. We need more balance. It’s what our government is based on… balance.
Okay, I’m out before Dogwood comes in here and ruins me…
-DT
I wanna bank egregious amounts of coin like the Fly!
DT
What the fuck are you talking about. What is this balance thing? Spending $825 Billion when you don’t have it and the place ends up going bust.
Take a look at the UK. It’s basically broken because of socialist dung heap economics.
That reminds me:
Anyone seen the devil’s dog?
X wtf? How is that number even possible. And they cried their way through the press release “blah blah blah things suck or we would have beat by $5 a share and 800mm so sorry. What am i missing..
Snow up the ass, ovah heah. And ice tomorrow. I think I shall move to Key west to rescue escaping Cubans or something.
DT, I’ve always liked you and enjoy your comments but balance is bullshit. Our government is based on protecting the rights of individuals and allowing people to govern themselves.
And as far as history goes, I wasn’t very old but I remember the news headlines from the late 70’s and early 80’s and they weren’t pretty. It took a dramatic shift to the right to pull us out of that and we have been slowly drifting left since.
any man, in this day, who wears a Bow-tie is a total dweebe.
Jake – snow day with the kids? I haven’t had a good snow day in 16 yrs. Love me some blizzard.
Know this.
When the government gets desperate enough, they will take your shit through taxation/confiscation and you will have no say in the matter.
Fly, what’s this I hear about GE still being levered 140-1 in the finance arm. Any findings on that?
If that is in fact right GE to me seems destine to go to 3 dollars along side Citi.
Seems like rebublicans and other social conservatives in this thread are concerned the 8 year market uptrend, social harmony and general happiness will be reversed now that general obama is in power.
I am mostly concerned the market will change it’s upward slope of the last eight bush years. No more happiness. Back to 1992 dark years.
Jake – You can always move back up here, where it’s cold as hell and we’ve got snow and ice. At least yours will melt in a short while. It looks like I won’t see bare ground until April.
Yogi, you can blame Al Gore for that….
Oh, fuck. Relax. This is just savings-and-loan scandal 2.0. Nothing will change.
Good old days thinks he’s making a funny, but what he doesn’t realize is the last eight years was only the AMATUER socialist hour. Hued your loins for the Nanny Nancy Pro Tour, coming to a shtetl near you.
And let’s not hear any dissent, Rush Limbaugh- you’ve been warned.
___
I woke up late and just read the news about the purchase of an executive jet by Citi. Ha HA Ha1 NOw the government is getting involved and telling them not to purchase the plane. What’s next? The government telling them they have to take taxis and they can’t have any drivers. This is getting good
Elevator down
Yea moe
It came out of Obama’s office that he was displeased with the purchase of a new plane. Ok.
So now the O’man is the chief purchasing manager.
” mr. President, Citi’s Mr. Pandit wants you to sign off on the purchase of a new stapler and pencils”
Just TAX everybody 110% on all AGI above $250K. It stops all this bullshit.
NOBODY earns or is worth more than $250K a year and I don’t give a fuck WHAT you do or how many successful brain surgeries you do.
Vlad, 250k won’t buy shit nowadays. Fuck off plebe.
Consumer confidence is down again. Go figure. Confidence is swinging from the private sector and to the government as people wait for the government to come to the rescue with bailouts. This is very bad indeed. The market will fall as confidence swings to the government and away from the private sector. If people trust the state, the flight to quality will run to bonds fleeing the private sector.
VladimirRocks, what about Bruce Springsteen?
True, moe.
This is starting to look awful again as we begin to figure than the bailout is crap and it won’t fix things.
ALL financial companies that take taxpayer money including C should be made to sell off their corporate jets. Besides their executives don’t need to fly anywhere. They should be in their offices working instead of wasting taxpayer money jetting around. If they need to attend a meeting, they can use GoToMeeting. Idiots !
The problem with our fucking financial companies is they can’t handle their fucking finances. The irony of it. We are bleeding billions of dollars but hey lets spend $50 mil on a new jet. Assholes !
WWDDD?
(new lows by the end of the month)
Jake,
Nancy, Harry and the other dem caricatures make me loose sleep. You missed the point in my joke:
– It all happened under the watch of a moron we voted twice and we still have not taken responsibility. Our only defense is to make “smart ass”/”know it all” remarks and blame the obama guy for the destruction of the country during the last 8 days in teh office.
– Also, although I have never voted for a dem, I do not believe the end of the world is coming. Lot of super conservatives were claiming that in 1992. I do not belong in the McCarthy camp. Let time take its course.
Geeeez, you could not decipher that from my punch line above?
The banks especially C and BAC will never go up because the option strikes are too low and people won’t buy them even if they, by some miracle, turned the corner. They will probably have to be taken over.
*they will never go up to a level where they can issue private equity.
@Aris
nice call.
http://www.marketwatch.com/news/story/Bad-news-job-front-doesnt/story.aspx?guid=%7B5D3F2682%2D3190%2D4536%2D9EF0%2D3DBA0578BF14%7D
charlie Says:
Vlad, 250k won’t buy shit nowadays. Fuck off plebe.
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Then go clean toilets and get your shitmeals free, while you earn $7.65 an hour as gravy.
If you can’t live like a KING on $250K you are a fuckin’ shit-eating MORON.
Anonymous Says:
VladimirRocks, what about Bruce Springsteen?
*******************************************
Has-been Springsteen can get along just fine on $250K.
I agree j
on C and BAC
This is definitely a nimble and quick trader’s market. The movement of the SPY is great. 84.85 to 83.50 in the first hour.
I hope this Vladimir asshat is an eleaborate joke, otherwise Jeremy is going to have to update the anti-retard commie spyware for the site.
Come to think of it, I did see a Dino post earlier, didn’t I?
lol
I wonder how many dems will oppose the stimulus bill as it is written now. And for that matter how many republicans? This bullshit of spending $600 million for the conversion of TV to digital? WTF and hundreds of millions to renovate the National Mall? WTF. Hopefully they will read this POS and vote it down. I doubt it though as they think that BHO is the messiah.
This continued deficit spending is part of the problem. Why don’t people see this? Increasing the spending to offset the the decline works in theory if money is created. But, what we are doing now is borrowing, basically taking money out of the system and merely redistributing
Well, I’m positioned for a dip. Rest assured, 100% of my net gains today will go towards hiring gargantuan, leper carnies to ravage Vladmir’s anus.
LOL
you gotta love ol’ Mark Haines…… the only no bullshit host on CNBC
Does anybody have a list of the TOP TEN DOW 30 stocks by market cap? TIA.
T MOE Says:
This continued deficit spending is part of the problem. Why don’t people see this? Increasing the spending to offset the the decline works in theory if money is created. But, what we are doing now is borrowing, basically taking money out of the system and merely redistributing
**********************************************
We are PRINTING money, Dipshitz. Which is as it should be in these deflationary times.
http://www.youtube.com/watch?v=0k92fTDReHg&eurl=http://www.dailypaul.com/
Ron Paul this am on MSNBC
http://www.youtube.com/watch?v=0k92fTDReHg&eurl=http://www.dailypaul.com/
Dog
Welcome back
Look up that freaking shit yourself, you lazy fuck. It’s on the web so do a Google search dick for brains.
j, go INFLATE yourself. BTW, DEFLATION RULES.
That’s hard to get DD as it changes by the minute……
IN ORDER:
XOM WMT PG JNJ MSFT T GE IBM PFE KO
Vladimir-
Obviously you are a Marxist and believe in the Keynesian Model.
Yes the Government is printing money, that is the only thing they can control. The physical money supply. Today we live in an a far more complex reality of an electronic money supply, that is created by capital inflows and banks.
Money is created by the private sector(1) through leverage and (2) by the very nature of the floating rate exchange system
Wft ?
DJ Islamic Market Index
DJ Islamic Market US Index
DJ Islamic Market Technology Index
DJ Islamic Market Extra Liquid Index
DJ Islamic Market Canadian Index
DJ Islamic Market UK Index
DJ Islamic Market Europe Index
DJ Islamic Market Asia/Pacific Index
When did the fucking Dow start producing an Islamic index? How about a Jewish and Baptist one too then?
Dog,
as of 10-10-2008
http://www.cnbc.com/id/27118839
Dog
If I ever need an economics lesson I won’t be asking you seeing. the only thing you know is that there’s a revolution coming… Ted Kaczinski like. If i ever see a manifesto published in the press I’ll be definitely getting some else to open the mail.
But welcome back.
Dog
One other thing
Before you left you told us the crash was going to happen on January 26th. What happened? Are we revising the schedule… again?
Anyone buying C here? JPM? Any financials?
Once again XOM turns and leads the market jump. As Fly says buying XOM is treasonous. Fuck XOM it is the devil
I sold 2k DRYS, made pennies. Meh.
T MOE Says:
Vladimir-
Obviously you are a Marxist and believe in the Keynesian Model.
Yes the Government is printing money, that is the only thing they can control. The physical money supply. Today we live in an a far more complex reality of an electronic money supply, that is created by capital inflows and banks.
Money is created by the private sector(1) through leverage and (2) by the very nature of the floating rate exchange system
****************************************
Yeah. And that same fuckin’ LEVERAGE (by banks and brokers OVERLEVERAGING due to their greed) ended up DESTROYING money, with their fuckin’ commodity speculation, bundling, and derivatives.
POOF! The Black Hole of Asset Destruction.
A 110% tax on all AGI above $250K would have DISCOURAGED that overleveraging bullshit.
Moober, I might jump in a little C just for drill……
I knew the hound would return, hence news lows incoming.
all you stock guys:
there’s a decent trade in the Dollar Yen. On face value the odds look shitty however he’s my thesis.
You buy Dollar yen from around 87.50 to 88.50 (place a stop at 86.50 ONLY TOKYO time).
You sell at between 89.50 to 90
Keep doing this and repeat.
there is almost a 95% chance the BOJ would intervene and take the thing right back .
So taking into account the likelihood of the BOJ makes the trade a better risk reward.
It’s a good trade that doesn’t make pays the utilities for the next 12 months if repeated and of course it’s always best to have governments make you money rather relying on wits and try to outsmart the fly.
Is Jim Cramer really provoking The Fly on his twitter page? Funny for a few reasons, namely 1) Cramer’s Charitable Trust is only a charity for those who sold him the shares and 2) isn’t Cramer supposed to be above fighting with Fly over his XOM picks?
http://twitter.com/The_Real_Fly
Pun:
No, I was asking Cramer a question, not the other way around.
Even better. Love it. Hopefully he defers to one of the resident “experts” at his site.