Today’s closing comments are brought to by, none other, The Great Greg Solomon.
[youtube:http://www.youtube.com/watch?v=xj9_I2Yr3L8&feature=channel_page 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Joined Nov 10, 2007
23,445 Blog Posts
I think DEVILDOGs closing comments will be brought to us by Greg Louganis.
The Fly is God
Jed gives head!
Read more Mark Twain, then you’ll be a winner. For now, though, stick to stocks.
Twain sucks. Shut up.
CNBC just posted GE on their “Winners Board” after it bounced off the low for the day and printed a 25 cent gain … haha, what asswipes!
Today was my victory. A 20% pop in my portfolio which brings me to a 20% gain for the year. Not a bad start. Last year I only had a 76% gain.
this guy is lame ………stop posting his shit …. he looks like an old pedophile
blasphemy!
http://www.dailymotion.com/video/x3f8ba_greg-solomon-evviva-il-manamana_fun
My rebuttal, b’yotch.
Greg needs to rehearse a little and polish up his delivery before he hits the record button.
Twain sucks. Shut up.
LOFLOLOLOLOL!!!!
___________
Indeud!
_______
Word. This guy sucks.
I kept waiting for it to get funny…and even though it was only a 3 minute video, I finally just couldn’t finish.
Somebody kicked me down the stairs today. Its cold down here. Can you send down a sandwich?
Blaspheming bitches!
Anyone want to take bets that if the “Stimulus” is passed the market sells the news?
Guy looks like a even more fucked up Hunter Thompson in “Fear and Loathing in Las Vegas”
I have it on good authority that Greg Solomon is actually the Fly’s father. Show the man a little respect, eh!
Therefore, because China is behind everything that’s working in this market, “it’s China we should be focused on,” Cramer said, “not our leaders in Washington.”
Zounds! Cramer in sync with Fly. Just goes to show even a broken galaxy is right every trillion years or so.
——
BTW, there’s an amassing mass of fundamental and technical datapoints that says the end is no longer near. Not just the up-day happyfolk; I mean the data – TED spread under 1.0 – who noticed that? VIX beat down halfway to normal. Is anyone here aware that new-home inventories are now reduced to 2004 levels? Still willing to bet that no American will ever want to buy a new home again? Market (several times now) has been strong on crappy news, etc. etc. Even Fly has stopped championing the deflationary vortex of visceral evisceration. Soon his terrorstimulism vent will veer towards inflation and TBT – thank you, congress, for sealing the deal. Bank execs buy in and the market’s thinking they’re smart – when was the last time the market thought a banker was smart? Hmmm. Signs, all signs. 2009 will not be the year of the devildog.
In a world of deception, smoke and mirrors, the slight of hand, and the surreal suprise, it’s best NOT to be the naked short.
So the sexulus is passed? STD’s and all? Fuck yeah I love the smell of a trillion leaving the door. But what is a trill between friends? Fucking homos, off to punch a stimulus worshipper.
Hey guys considering all this fucking cash going out the door what would you say would be a good 5 year play because of the stimulus? Let call it fucked by the stimulus play. So I see massive inflation could happen causing gold and commodities to rise to unheard of levels. What else can you think of?
Well, the truth of the matter is that since the dollar is a relative measure of debt, and since we all wear it equally, then it’s really irrelevant and it’s an arbitrary sliding scale without any real meaning other than an object of trade.
The more important question is “What makes the US a good investment for the future? (Versus something like the saharah desert)”.
Gappy,
I made that bet…. Stuff that didn’t go with the market today or closed well short of intraday highs (eg., HWAYS, COF) will die a thousand deaths next week.
On China, this dude teaches in Beijing and blogs on Chicom financial fuckery: laughs at the idea of any imminent recovery:
http://mpettis.com/2009/02/hooray-china-has-bottomed-out/
Good link, BF. So good, in fact, that I’m sure the ChiComs will be “inviting” Prof. Pettis to “visit” one of their pig manure recycling facilities for five years or so to do “primary research” and sop up some of their popular “re-education.”
Hope you kicked some of your SRS yesterday.
If the China demand story is really back then … whats up with oil? I mean wasn’t that part of the whole $100 dollar a barrel story? Is it lagging or demand fiction?
“The shorts have also bet heavily on bank failures, an investment that may pay off given Washington’s strict rescue plan for the financials. Cramer sees the chance for a bank bear raid despite the plan, undoing any gains the market seen Friday.”
Help – Devildog is stuck in the funnel
Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers..
Q. Where will the government get this money?
A. From taxpayers.
Q. So the government is giving me back my own money?
A. No, they are borrowing it from China. Your children are expected to repay the Chinese.
Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV set, thus stimulating the economy.
Q. But isn’t that stimulating the economy of China?
A. Shut up.”
Turn UP the remix: http://www.youtube.com/watch?v=HM1gpGnnXuk
“hand over the five dollars”
She Loves Everybody – http://www.youtube.com/watch?v=oE5Xr50mVRE
This is a short term bounce just like any other recession.
China is making shit just to keep the peasants busy. Europe is their main trade partner and they are worse off than we are. There is waning demand for Chinese products outside of China. That $2300/year the average Chinese urban dweller earns must go really far, especially considering food accounts for half of living expenses. Inventories there must be stacked to the ceiling and they expect their countrymen to boost their own consumption.
Fucking Mastercard and Visa need to teach the Chinese how we do it in America; charge it.
I’ll follow the trend while it lasts. I just don’t think it will last very long.
Oh yeah. Fuck Cramer with an eggroll. He’s as useful as a DVD rewinder.
Fan out.
London
The Dog was a one hit one like Frankie Valli. He fluked the fall in early Nov and that’s about it.
This Greg Solomon guy is hillarious. This is the kind of dude who would rape a baby and then go to the corner diner for a cup of tea. All wierd and shit.
Such a pedofile. Fly, you’ve got to come up with something better than this pipe-smoking gonzo artist.
Please.
hahahaahahahahahhahhah
here’s to the lesson, when winning and (temporarily) losing
I have talked to the men who wipe China’s financial ass, and the China trade is a trade worth fading…weeks from now. China is fucked like toothless Oklahoman looking for their next meth hit…150 million Chinee college grads won’t get a job and end up studying their asses off for four years, just to go back home and rot their toenails in the local rice patties. All because you broke dicks won’t go buy plastic shit at Wal-Mart.
I’m back, and all this bullishness is funny.
Things are getting considerably worse on Main Street. And I’m not talking about worse, like the market looks 6 months out worse.
I’m saying that things will get appreciably worse over the next 12 months, easy.
Enjoy the bounce, but don’t forget to get off the ride when its over.
Yeah, what he said!
Wood. Chivas says 30% up from here.
Don’t mess with the Cubano.
_____
Just watched “In Bruges” — an excellent, excellent movie. Quotable like very few movies.
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Insanity. It’s all insanity. We’re screwed. Off to my bunker to count my gold and bullets….
The spending package just passed with 37% of the American peoples support. You all just got fucked up the ass and didn’t even know it. Odd, no?
Hey Fly:
Is this dude on the sex offenders register?
The second post in this thread–another Zombie.
Nice work. Couldn’t have said it better myself.
You even found the Zombie I use for my pic from the 1979 film
Well done.
Thank you.
The Fly is God.
http://www.dailymotion.com/video/x5wl40_nickelback-follow-you-home-aol-sess_music
From an ealrier post (Mustard Seeds), Ottnott was saying that giving $4 billion to the virtuous and incorrupitble group ACORN was not such a bad thing. He seemed to admonish Mr.Gint for regurgitating the GOP talking points on all the pork in the ‘stimulus’ bill.
(Ottnot says)…”The GOP has made it a big talking point. You dutifully pick up the shovel and start slinging shit. But here’s what the $4.19 billion is actually for:
5 For a further additional amount for ‘‘Community De
6 velopment Fund’’, $4,190,000,000, to be used for neigh
7 borhood stabilization activities related to emergency as
8 sistance for the redevelopment of abandoned and fore
9 closed homes as authorized under division B, title III of
10 the Housing and Economic Recovery Act of 2008 (Public
11 Law 110–289), of which—
12 (1) not less than $3,440,000,000 shall be allo
13 cated by a competition for which eligible entities
14 shall be States, units of general local government,
15 and nonprofit entities or consortia of nonprofit enti
16 ties: Provided, That the award criteria for such com
17 petition shall include grantee capacity, leveraging
18 potential, targeted impact of foreclosure prevention,
19 and any additional factors determined by the Sec
20 retary of Housing and Urban Development: Provided
21 further, that the Secretary may establish a minimum
22 grant size: Provided further, That amounts made
23 available under this Section may be used to (A) es
24 tablish financing mechanisms for purchase and rede
25 velopment of foreclosed-upon homes and residential
223
1 properties, including such mechanisms as soft-sec
2 onds, loan loss reserves, and shared-equity loans for
3 low- and moderate-income homebuyers; (B) purchase
4 and rehabilitate homes and residential properties
5 that have been abandoned or foreclosed upon, in
6 order to sell or rent such homes and properties; (C)
7 establish and operate land banks for homes that
8 have been foreclosed upon; (D) demolish foreclosed
9 properties that have become blighted structures; and
10 (E) redevelop demolished or vacant foreclosed prop
11 erties in order to sell or rent such properties; and
12 (2) up to $750,000,000 shall be awarded by
13 ETC ETC ETC, ad nauseum…………….”
Well Mr Ottnot, i contend that you are the Dupe.
Because if you have not heard about ACORN’s past and all the ILLEGAL ACTIVITY they have been accused of and CHARGED with, please meet my dear friend, Mr. Google.
Just because there is a bunch pretty sounding shit in there about community reinvestment, foreclosure prevention, blighted community redevelopment, etc. that makes you feel warm & fuzzy inside; anyone with half a brain knows that most of that $4.19 billion will really go to:
1 bamboozlement, chicanery, deceit
2 double-dealing, fraud, graft,
3 flim-flam, fast shuffle, hoodwinking
4 hustle, misrepresentation, song and dance
5 spuriousness, shakedown, swindling, treachery
6 burglary, larceny, thievery
7 mafia, extortion, bribery
8 etc, etc
9 etc etc
So, fuck the scandal ridden ACORN. I’m sure they may have accomplished a few decent things for lower income communities in the past (at what cost?). BUT MAKE NO MISTAKE- AT THEIR CORE, THEY ARE THE MOST RADICAL, LEFT-LEANING, ANTI-CAPITALIST, SOCIALIST, GOVERNMENT FUNDED GROUP IN AMERICA.
So, needless to say, i agree with Mr. Gint that the pork in this ‘stimuls bill’ is inexcusable and that not one fucking cent should be allocated to those fucks at ACORN.
Good Day, indeud.
The Zombie is a known felcher.
DMG Says:
From an ealrier post (Mustard Seeds), Ottnott was saying that giving $4 billion to the virtuous and incorrupitble group ACORN was not such a bad thing.
Just because there is a bunch pretty sounding shit in there about community reinvestment, foreclosure prevention, blighted community redevelopment, etc. that makes you feel warm & fuzzy inside; anyone with half a brain knows that most of that $4.19 billion will really go to:
1 bamboozlement, chicanery, deceit
2 double-dealing, fraud, graft,
3 flim-flam, fast shuffle, hoodwinking
4 hustle, misrepresentation, song and dance
5 spuriousness, shakedown, swindling, treachery
6 burglary, larceny, thievery
7 mafia, extortion, bribery
8 etc, etc
…. not one fucking cent should be allocated to those fucks at ACORN.
**********************************************
Look, Asshole: Where do you think the fuckin’ HUNDREDS OF BILLIONS we gave to the banks and brokers went?
Republicans are the DUMBEST people on God’s Green Earth.
DevilDog’s theme song
http://www.youtube.com/watch?v=Mk0KDKDNDs0
US Bankers to US Congress:
We have given you millions of dollars, and we will give you millions more…all we are asking in return is billions of dollars, actually 100’s of billions, well, actually maybe a trillion or two.
…
gotta love the part about Smart Money betting agaist Cramer!
Barrons weekend summary:
Positive feature on UnitedHealth Group (UNH), citing company’s strong balance sheet and rising premium prices, targeting low $50’s over the next year. Notes expansive network of health-care suppliers after aggressive growth measures since 1990’s. Also quotes a large institutional investor seeing an offset of lost customers from rising unemployment by incoming Medicare/Medicaid business, with additional revenue coming from earmarked funds from incoming administration’s provision for health care. Also positive on company’s diversification into health-services field and performance of new CEO Hemsley.
– Asian Trader section positive on BHP (BHP), noting the miner’s recovery after walking away from Rio Tinto bid. Sees comparative advantage for the industry leader from its low-cost structure and attractive valuation over the long term. Also expects return of growth in demand from China.
– Commodities Corner section comments on 2.5% y/y Feb. decline in prices for choice-grade beef and sees meat-company stocks Smithfield Foods (SFD) and Tyson Foods (TSN) as attractive on expectation of a bottom in the most recent quarter.
– A review of performance of recommendations by CNBC Mad Money host Jim Cramer reveals that he underperformed the S&P by 5% for May-Dec of 2008, with Buys losing 10% more than the broader market that was offset with a 5% outperformance by the Sells. Also cites a study of smart money betting against Cramer’s Buys with in-the-money puts, a strategy said to have a return of as much as 25% a month.
– Positive article on Canada’s Bank of Nova Scotia (BNS), noting its strong capital base (Tier 1 ratio of 9.3%), generous 6.4% dividend, geographic diversification, and relative health due to significantly lower exposure to toxic mortgage assets. Cites CEO stating a “significant but manageable” increase in loan-loss provisions that are priced into BNS guidance for EPS to rise 7-12% in 2009. Also sees benefits from a more resilient housing market in Canada and exposure to Latin America.
– Positive feature on NetApp (NTAP), stating that a corporate demand for storage is not likely to recede, and noting that the company’s efficiency-oriented products are attractive to customers looking for cost reductions. Also notes that NTAP’s “unified” software solutions are better suited to storage demand than those of competitors IBM, HP, and Hitachi that have varied types of architectures. Article also hints that based on its competitive advantages, the company is attractive for a takeover by the likes of IBM, HP, Dell, Oracle, or Cisco.
– Tech Week section underscores a more vocal stance by Apple (AAPL) to defend its intellectual property of “multi-touch” screen features, perceived to be encroached by iPhone-like interface of the new Palm product Pre.
Small piece in the Conde Nast Portfolio about the Goldman Sach’s Conspiracy.
Blankfien, Steel, Thain, Paulson, Kashkari. All involved in the workings of the financial bailouts and mergers along with the Government.
Facts-
Bears Stern’s- rumors appeared in print that traders in Goldman’s London Unit tried to drive Bear’s stock down.- My take , Well no shit!!
Merrill Lynch sale- Thain was a frequent adviser to Geither, who was then president of the NY fed. Thani worked as Goldman’s co-president under Paulson.
AIG bailout- Paulson installed Goldman Vice Chair Ed Liddy as CEO.
Billions for the banks- Lehamn was looking for roughly $6 billion. The company was unable to raise the money and failed. Just three weeks after Goldman received 10 billion from the bailout plan.
Rescuing Citigroup- Citi adviser and Goldman alum Rubin mentored Geithener at treasury and was one of Paulson’s contemporaries at Goldman.
Obama Presidency- Goldman Sach’s was one of the largests donors to Obama.
Se a pattern here. Goldman is so intertwined in the runnings of the Fed and the financial system and has so much power over decision making. As the saying goes power corupts, absolute power corupts absolutely.
Just more reason to hate Goldman.
For all you schadenfreudenistas, reveling in the schadenfreudenistic shadows of Obama’s faux pas & learning curve, thinking McCain/Palin would have been mucho better, the irrepressible, seemingly always indignant, Denninger, has a few words.
classique.
Geithner apparently still has no idea what to say on Monday:
http://www.cnbc.com//id/29068354?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
Could be a case for a trade on insurance companies based on this article, which is the usual CNBC speculation…
Cool link, Juice –
Denninger: “If from this you conclude, The Dishonorable Senator McCain from Arizona, that I’m furious enough to urinate on your grave in Arlington when you pass, even if it gets me arrested, you are correct.”
Is freedom of speech totally kick ass or what?
I SEE AND SMELL DEAD BULLS. PU.
NEW LOWS no later than 2/17.
I will still not be closing out my SHORT positions from 9/19 and 1/6 at that time. There will be NEW LOWER LOWS in March in the low S&P 600s that I’ll wait for patiently. I’m a fearless sell ’em and hold ’em BEAR. Not a scared little day-to-day gummy bear.
I WILL WIN THE WAR!
why do you write like a yahoo message board nutcase with no life DD?
Lots of people here agree with you, but you and your ALL CAPS style need to come across a little more intelligently.
Devildog will close his shorts near the high for this rally.
That is when you will know the rally is over.
Write it down.
I have chunks of Devildogs in my stool.
They are no match.
Thnks Fly. You hve posted this clip 5 or 6 times. Listen Up. It sucks, are you in your sixties or seventies? I hope this guy dies slowly of lip cancer, Please, for the sake of god, delete this video for ever.