Thanks to more rumor milling at CNBC, the market is going down again. Actually, as I write this, it is nosediving.
The volatility in SRS is nuts, going from down 70 cents to up $3, in a matter of minutes. Frankly, I have no idea where the market will end up today. Hence, I have both longs and shorts.
However, one this is reliable: Chinese Fuckery.
With the market down nearly 2%, Chinese stocks should not be up, but they are. As you know, aside from a little selling yesterday (25% of my position), FXI is a rather large position of mine.
For me, best case scenario, the market swims in blood, all the while FXI, resiliently, trades up. Also, at the same time, oil, commercial RE knife lower.
Thus far, everything is going according to plan. I am getting dinged on some “global growth plays,” namely TS, MT and BUCY. But, I anticipated weakness in those names, in a bad tape.
At the moment, both CHL and FXI are up, due to Chinese fuckery. Finally I get to profit from such egregious rice throwing activities.
NOTE: With regards to the “bad bank” idea: there is no fucking way Obama is going to pay a 100% premium for toxic assets. Listening to his rhetoric, he sounds more apt to zero out shareholder equity, before bailing out those banking gangsters. We shall see.
If you enjoy the content at iBankCoin, please follow us on Twitter
The fly is god
Short HOTT (at 8.68) with impunity
Because of sheer market fuckery, take this list TNA TZA FAZ FAS BGU BGZ FXI FXP SKF SRS and sell naked calls on ALL of them. You will make money somehow.
Obama will do what we tell him to do.
Write it down.
fucking fxp is a shit-show
careful with that short new poster.
The one known as Devil Dog has been known to buy up mass quantities of Black baggy pants with chains attached, black shorts with skulls and devil horns on them,, evil black socks with daggers silkscreened on them etc.. all readily available from hot topic..
Good thing I kept 40% of cash open for my longs initiated earlier. Digging deep on basic materials plays, averaging down. God willing we have a face ripping off rally, the kind that makes Custer look like a hero, they will outperform. When that day comes, I’ll get a haircut.
You bought BUCY in the 17’s. Are u going to add more?
Almost every double beta etf, long and short, has a strike price lower than it did 12 months ago. Good times, indeed.
Even the curse of Devil Dog can’t keep a teen retailer doing business in the mall at its 52 week high.
Lights out, starting with the report of January sales.
crude:
No
Very interesting the way the press is treating the WH spokesman compared to the Bush people.
Lightweight quiestions like is Obama working at night or who he is playing basketball with.
And I think Helen Thomas just had an Obamagasam when she heard his name.
Finally tuned into CNBC.
How often do they interview Alzheimer’s patients?
WOW…we cant break 8,000…
The FED must be buying stocks here…after all, they have a printing press…
To All:
According to CNBC communist advertisements we all need to buy “e-signal” and sit in our kitchens with our wives trading stocks on a shitty lenovo laptop from 2004. Furthermore, we should all buy trendtradingtowin.com since he made money in a market “similar to the one right now”. Fuck me. Execute them all fly
Some how Gaspirino is a dis information informant. I would not be surprised of renewed bad bank talk on Monday…seems like the S&P wants to hold the 831 level…although I said that yesterday about 846….but with all we have on the plate why are we not going down 30-40-50 points on the S&P ?
Mr. Braveflaps, Only when we can’t find a village idiot or aren’t helping out our friends on Wall Street. Can you tell the difference? haha.
shorts are trying but not too hard – everyone is affraid of over the weekend deals in my opinion
Obama poster for the post-election period?
This…is…. gold!
___________
Is there some ultra diETF to short Tranny’s?
https://admin.minyanville.com/assets/FCK_Aug2007/File/January09/sg2009013049702.gif
Fly,
Don’t mistake this for advice, but after losing a ton on FXP last year, I noticed that it often takes a day or two after a dive here to equal a rise in FXP.
I think the ChiComs look at bad days here and then buy up shares of their bigger companies right away to blunt selloffs in their markets.
Eventually last year, FXP just appeared to be broken, like a giant balsa wood banana in a retarded gorilla’s cage. Don’t know how FXI could be much more reliable over time.
Jake –
That was an awesome poster. Great find.
If the shorts press their advantage here, they could drop this market a 100 points in a heartbeat.
Uncle!