GE is going up. Bank stocks don’t want to go down. Chinese stocks are bullet proof. And, our government is willing to margin out the fucking economy, in order to make us feel better about ourselves. God forbid we get a margin call.
Everyone I know is saying “fade the Geithner speech.” However, I believe it makes sense to go double negative on those fuckers, effectively fading the faders, which in turn would initiate a bullish position.
Good Lord, the market needs a little open field running here. Again, I would not be surprised to see many of you bearish/ideologue assholes kicked off cliffs, into alligator pits, until March. As you know, Senor Tropicana is all about doing that.
Unfortunately, I missed the sell point on my JRJC position, while on the phone with some fucking asshole—who was wasting my time. I will add to the position at $10 and again at $9, if needed.
Right now, if a shotgun was pressed to my head, in order to extract one stock pick, I’d say: “shoot me Sir if you must, but before you do, get long LNN.”
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Zombie fondles goats in Romania
fig
Jed Milks The Farmer
most of the talk is “bottom is in, we are so undervalued that we can not go lower, buy stocks”, no? which makes fading the speech a right approach…
Not a believer in this rally — PUT: CALL ratio is not in favor of the bulls IMO. I’d be selling banks into this lift and any news regarding our govt’s ill-fated attempts to rescue our financial system.
Double Negative Fading the Fader is the name of my new band.
no doubt, Geitner has been awake six nights in a row drinking diet rootbeer through a bendie straw and puffing on Merit Menthol Lights, scared shitless that one false move on his part will bring the whole chabang down on his head, including the moosehead over the door.
One thing that I am hesistant about being bullish is that…it…looks…too…easy, doesnt it?
Which way everybody is betting?
It’s called “autofellatio”, here’s a description, but avoid looking at the photo. Place your hand over the ride side of your monitor, before clicking below. Ewww, yuck! CAP, you’re sick.
http://en.wikipedia.org/wiki/Autofellatio
thats my thought – it is too easy: “X is going to give a speech tomorrow – buy stocks”. Everybody knows it and shorts had 3 days to cover. Who is left to buy tomorrow? Plus, who really thinks that this new plan will have something substantially different than older bail outs?
CAP
Fucking ShamWow amazing….your a fucking rock star.
Why would you ever leave the house?
I agree, the way the talking heads are spewing info fed to them – you know the boys on the floor are going to pull a fast one.
I’m liking PNC and MTB
Just fade a little like Kid ‘n Play
http://en.wikipedia.org/wiki/File:KidNPlay.jpg
CAP, just got back from heaven – Roddy McDowell sends you a BIG hello.
Yes we can!
http://www.youtube.com/watch?v=GpNSip5gyKo
I banked qwan on GE today. 100% cash now.
The fly actually caught attempting to kick someone down the stairs
downsouthjukin – you got the wrong video Here is the Fly kicking someone down the stairs.
http://www.youtube.com/watch?v=HAs62ltY3lI&feature=related
And fuck all you cocksuckers. You are all sick bastards. i never sucked my cock. Why would I ? I have hot chicks that suck my cock on an hourly basis bitches. Most of you homos like Donny stick dildos up their asses and jack off to gay midget transexual amputee porn. Fuckers …
I did okay today, several winning trades, small scale victories…sniper style.
I don’t trust this market for one second. There’s been too many days without a several hundred point meltdown
touche! that is some old-fashioned stair-kicking. wow.
Friday, I suggested a PFG short in wake of the HIG blowup.
You’re welcome.
Live Forever – http://www.youtube.com/watch?v=ZYKlk72voGc
I bought a bunch of “Airbag” at the close. Pure gambool. But holding SRS overnight is somewhat fun.
I think all professional baseball players should be REQUIRED to take steroids; you know, level the playing field.
This is my time to make money off all you short fuckers. When I’m done with you I’ll get back on the sideline.
Thanks JUICE ! I shorted a nice chunk of PFG Friday on your rec. My P&L is going to look good tomorrow ! Shorted some MET and PRU as well. Covered HIG but will short again at hopefully higher prices. DEATH TO ALL INSURERS !
’bout time you took an optimistic view; not so bad, right?
THE FLY TOP!!!
Wood
You’ve been wrong since birth.
What I can’t figure out is why we have these overbought conditions on all of the indices. Do we really think we are going to get a blow out in momentum when Geitner speaks on Tuesday? It’s certainly not the stimulus vote – futures actually fell off a tad since the three republicans decided to stop being dicks and try to do something other than play politics. Do we really expect an “oh fuck” moment during Geitner’s speech? Is there something that we have not thought about that he is going to present on tuesday? Naw, it’s going to be like Obama’s Inaug speech – a non event and the market will thus sell off per the overbought charts. I suspect that the markets will lay off this advance until the full bill is worked out between the house and Senate. Bottom line, the market reacts negatively after Geitner but plows forward after the full stimulus is passed and signed. Think about it, all “creative” ideas about what Geitner is going to present has already been floated to prepare the banks and markets (i.e., $500k limit – whooopeee!). Nothing new or creative coming Tuesday. Not talking my book since I am long way too many stocks. Just trying to be real.
If you told me you were going long in early 2000 when stocks were ~190% of the gross national product, I’d say you were suicidal and you are going to lose your ass. If you asked me whether buying in at DOW 14,000 was a good idea, I would have said, “Seems a little high to me”.
Now that the overall value of the stock market is ~75% of the GNP, I’d say you were a taking a reasonable risk.
Can chinese peasants’ purse strings pull them through? Shanghai Daily
http://www.shanghaidaily.com/sp/article/2009/200902/20090209/article_390316.htm
A new move up has been wanting to happen for a while. We have been in consolidation, trading in a range, stuck in a miserable bored market. Last week I mentioned new beginnings are trying to happen, if we can just let go of the old way of doing things and shed a lot of this dead weight. I also said that no matter what government does, there is behind the scene actions taking place with businesses: acquisitions, mergers, revaluing, reorganizing, realigning etc..
Business wants clarity from the government tomorrow but they also have their own plans to get out from under this mess and ultimately they want out from under the government. They are not going to sit idly by and let government take over everything. Some of them have learned their lesson and are burning the midnight oil coming up with alternative plans.
So I think tomorrow if sufficient clarity is given then there will be some movement up. However as with all moves up we should be vigilant in conserving what has already been gained. No reckless chasing after profits.
.
Fly, break out your best bottle of BBQ sauce and spray it all over your office tomorrow, and then get in the funnel.
GM Bankruptcy Possibility resurfacing. Didn’t that mean “game over” a few months ago.
Don’t forget to invite the gambling Swan over. You two can hold hands while sliding down the funnel.
Larry Kudlow is a “favorite n over” guy if there ever was one.
I dont get why some of you tend to be bulish here. We are going to see 7600 on the DOW by tuesday of next week if not by this Friday. There is nothing these cocksuckers, geithner et al, can do. Its over. Short to 5500 DOW and than position for the next decade on the long side and be prepared for a long wait for recovery.
WHAT THE FUCK IS BAC DOING AT THESE LEVELS???
mORTGAGE EVERYTHING YOU GOT AND SHORT THAT SPERMBANK!
Lady G,
Those are valid points.
Today 07:10pm
MetLife Inc Moody’s changes outlook to Negative
kidstock, thanks for the reminder to take a look at the P/C ratio — we’re at 0.67. We haven’t seen that number since 12/21/200FUCKING7! There will be blood tomorrow… I think I’ll work from home and watch the tape.
http://stockcharts.com/charts/gallery.html?$CPC
Oh look, futures are down 10 for S&P.
How did a shitbag get on my TV!
Quit asking questions! Its not my fault.
Fuck the stupid cows. We’re going DOWN tomorrow.
JMHFO
Tomorrow, Mr. Geithner will eliminate the idea of nationalization of the banks, he will downplay further dilution of the banks. Any threat of further dilution in the banks creates further systemic risk, and that defeats the purpose of stabilizing the world economy.
It’s very simple to connect these dots people … the past attempts of the gov’t either allowing a blowup (Lehman), or nationalization (AIG), or just killing the share holders (Bear Stearns), have all failed miserably, and chopped the S&P 500 in half.
They’re not gonna repeat the same mistakes. The banks are broadly owned by millions of investors (directly or indirectly), and they’re gonna get a sweetheart deal, like it or not. Period.
Attention FAS Holders!!!!!!!
SELL!!!SELL!!!SELL!!!SELL!!!SELL!!!SELL!!!SELL!!!
Goin’ down like a cheap ho.
Donny,
I’ve been banking on your last comment.
After hours trading sold off UYG (which I have), XLF also. My BGZ spiked up after hours so obviously some people or institutions perhaps were selling off.
I think we will eventually test the lows but I dont see a deep plunge tomorrow there is just too much ‘ stimulus’ being pumped at us at the moment. If Geitner can be convincing and most importantly give REAL CLARITY that should at least keep the markets from going way down while they digest everything. If he’s murky and full of double-speak….the markets will hate that. Everyone is looking for a clear path ….no muddy waters. No repeat of the last use of the TARP money, we have to have a new direction.
Big assignment for that guy….
Between him and the stimulus bill we should get some up movement. We did do some ‘ selling off’ today which could be a way of easing the over bought time frames so you can move up tommorrow
What do you think?
LG
Donny I agree with your comment. Let’s hope he takes a new approach.
.
Lady, I think we’re short term overbought, for the 2nd day now. The odds are very good that we see some weakness here, and it will be more than intraday in length.
Woodshedder of course normally that makes perfect sense but tomorrow is not a normal day, you can stay in overbought territory if there is significant momentum to do so dont you think? If more TARP money, more stimulus, new directions, easing of fears… cant move us up a little….then nothing can.
LG
Obama says there will be a “catastrophe” if the stimulus is not passed right away. OK, and I guess this means that things will be getting better if this “imperfect” bill is passed immediately.
I doubt this pork laden bill will help much. I’m thinking catastrophe. And he knows it. He’s got access to a whole lot more information than we do.
1-2 days of weakness, then we’ll get going again, nonbelievers 8)
futures just loved O’s speech 😉
I am new to this forum and want you all to know that I find all the comments both informative and fun. My response to LG would be this: When have we had a “normal” day in the past 8 years? Reading the posts and watching the market reminds me of the Young Bull vs Old Bull story. The young bull wants to rush through the pasture and fuck himself a heifer, while the old bull wants to take his time getting there so he can fuck em all. This appears to me to be a case of the young bull running through the pasture a little to quick and getting himself fucked by a bear. Perhaps with a little patience and common sense the Old Bull prevails due to his caution.
LG, why do you speak in such absolute terms? A pullback here does not mean that nothing will move the market up.
The market can stay overbought. Everyday it stays overbought it is one day closer to pulling back.
The question then becomes who quits first? The bulls or the bears? Bears may be getting tired here, but I stick with the odds, and as far as I know, there is no way to quantify news.
Juice, I have futes at 854 at 8:30 and 856 at 9:30.
Did I miss something?
Oh yeah….. Any setback tomorrow and I’m getting in deeper like an animal.
http://www.youtube.com/watch?v=I0hGP9HHD6Y
http://money.cnn.com/data/afterhours/
Shed – this is all I have .. you have a better place for charting afterhours futures?
i am not listening just looking as i would definitely hit this:
http://www.youtube.com/watch?v=Yqe4eFYdWBI&feature=related
S&P 500 Futures = 858.60 @ 9.40pm
Rising
Anon –
Means nothing until Europe opens.
We’ve already had the stimulus and the bank plan rally. Neither one of them is going to correct the imbalances of the past 25 years. Anybody with a brain knows that. We sell off starting tomorrow and head to NEW LOWS.
I get a warm fuzzy feeling inside when obama speaks.I just took a shit a got rid of it.
Juice, mine were delayed 10 minutes. I see the move now.
Dog no one that posts on this blog thinks the stimulus and bank bailout will immediately correct the problem. I am just talking about a rally maybe back close to January highs. Then of course after that all bets are off. Nothing goes straight down and straight up. We have been in consolidation for a while. You need either really good news or really bad news to make a big move. The last 2 days in my opinion were not big up moves. Your idea of NEW LOWS tomorrow or this week….has to come from some motivation…some REALLY bad news…otherwise we just stay stuck in this range, stagnated in this misery and boredom.
LG
.
LG, we have been in distribution not consolidation. We are going down.