By the way, Newt Gingrich has an alterntaive plan to the current stimulus bill. Read about it here. In other news, the assholes from San Francisco want to spend $30 million (via stimulus bill) to save the “endangered” salt marsh harvest mouse.
If you are so inclined to read through over 1,400 pages, here is the stimulus bill.
As for the markets:
So far, it looks like the banks will sell off again. However, considering we have a long weekend ahead of us, I would not want to be heavily short, into the weekend. And, by no means, I do not want to gamble on the banks, long or short.
Fly is God!
**re-post**
New Michael Lewis in Bloomberg…
http://www.bloomberg.com/apps/news?pid=20601039&sid=aZruAW7s2eLI&refer=home
Market Explanation.
Long is wrong.
The mouse thing is made up:
http://theplumline.whorunsgov.com/stimulus-package/pelosi-staff-conservative-talking-point-about-30-million-for-mice-is-fabrication/
http://video.google.com/videosearch?q=the+fly+beavis+and+butthead&hl=en&emb=0&aq=-1&oq=#
The mouse thing is REAL.
We can just go back and forth. No biggie.
Still short, baby.
As for the banks, the issue is that folks are now calling for the government to just let the banks fail. If this viewpoint gains traction, watch for a number of banks (especially the regionals) to get rectal transplants in the coming months.
http://www.cnbc.com/id/29176418
Phil
Either way, many banks will fail. What do you think “stress test” means?
Fly-man,
Exactamundo.
Short GS today.
What do you think “stress test” means?
It’s a camouflage, fly. They in the big banks right now with several hundred examiners. This is what they do They examine the big banks and say they ‘re fine. They basically ring fence the biggies and let the troubled regionals go. The strategy is to see massive consolidation in the banking sector and have 5 large banks that are known to be protected species while the rest are on their own.
Just glanced at the bill. The first 677 pages are stricken out, it looks like they completely rewrote it. So, it’s not quite as long as it seems if you read what’s not stricken out. I’ll skim it later and try to settle the argument about the mouse lol
Fly,
I am scanning for ideas from the biotech group. Does the PPT have any recs? The group has the best relative strength according to my work.
Hardware and internet round out the top 3. Perfect alignment for AMZN in light of their Kindle launch this week. Would you ever consider purchasing AMZN?
http://market-ticker.denninger.net/archives/791-To-The-Republicans.html
Denninger also puts forth a plan
Anyone know of another bullish dollar ETN or ETF than the UUP? Flight to quality will happen with the coming decline IMO. I think the dollar will strenghthen as it has during all of the prior market beat downs
I wonder which politician has San Francisco in her district?
Term limits please.
Just saw, via Cronkite, that GDI blew their numbers away.
They make industrial pumps, go figure.
__________
biotech question?????
Is the GERN europe patent news that’s pulling it down bad for the whole sector or is it GERN specific and time to add to my STEM on pre market weakness.
For myself, I am very proud of Fly for showing the spirit of bipartisanship, and linking the Speaker’s plan, which is in direct opposition to his guy’s methods.
Good show, indeud.
_____________
Don’t you like how Congressman has less than 12 hours (ex-sleep) to read a 1400 page plus $800B spending bill before they vote on it? Oh our lovely democracy.
I thought stress test is what happens when a High Schooler takes the SAT.
Henry, not for nothing, but if a company called “StemCells, Inc” can’t get out of the $2 box three months after the election of Barack Obama, I think it just may be a candidate for the cutting room floor.
_____________
So letscut tax’s to stimulate the economy.
How much more could we cut tax’s before we run out of tax’s to cut?
Weve been doing it since Clinton got out of office. Look at were we are at now.
lufk also reported great numbers yesterday, grc not so much.
XOM 70.00 next week or back to 80.00? any takers?
Good point MR EB
THe bill is a crock. I will continue to pick up SPY shorts into any rallies that may come from the false hope that the stimulus may work. The hammer will drop on the S&P. And like the FUGAZI song says. I am a patient boy, I’ll wait, I’ll wait, I’ll wait
We break below S&P 800 today and continue DOWN.
Lot’s of dead cows today.
MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
I hear ya Jake that’s why it decision time for me here.
HOWEVER. I will watch and see how they trade these on the open. If GERN comes back look out above in the sector.
If GERN beasts back over 7 you need to get long the sector
PBE maybe PowerShares Dynamic Biotech &Genome
is that like you call on gold, Dog? Hey?
“win the war!”.
Dude you couldn’t even win battleships against a retarded 5 year old.
PALM is nearing 10 dollars, it was 1.14……. what a run up….
GERN gap down seems to be getting bought on high volume
I think you want to be long stem cell hope and guns don’t forget about guns.
Pete you fucking moron, if they’d put a moratorium on payroll taxes for a year, then every single working American effectively gets an immediate pay raise. It’s equitable because it applies to every worker. It’s timely because it happens with the next paycheck. There’s no corruption because government isn’t deciding where the money gets spent, and you don’t get stories circulating about Nancy Fucking Pelosi wasting $30 million to protect a fucking mouse.
People like you don’t deserve to breath our air.
Next, DevilDog will be telling us to put the lotion on the skin or the S&P gets it.
OK, some schmuck just up’d AAPL to go to 120.00, also put a buy on DR Horton homes……this just on CNBC.
Yeh right, in this economy, buy stock in a home builder?
talk about being paid off as an analyst????? whew…….
Ilove how Nancy Pelosi is the new target of the republicans. Yo need to target one person as the leader of the dark side.
You probably got this Pelosi thing straight from your leader Rush didnt ya.
Rush, Ann, and Sean are the true traitors to this country. Including the deaththreating morons who follow every word they say like is the bible.
Pete
STFU, no one’s interested. Just get over to Daily Kos where they love that sort of moronic, illiterate shit.
I am changing my moniker so I do not get confused with the left wing loon above.
Hey Pete, I have a friend that once had a bird, a parrot that he named Pete, it lived about 8 years then died, he found another one absolutely identical and bought it, so fittingly, he named the new bird Re-Pete.
Master Fly, you want to be short over the long weekend. I know you do.
Market has tried the downside with Doll yen.. This shit really looks like it’s heading higher. The top of the envelope is 92.5 at the moment using 25 hour 1.5% range from the middle on an hourly chart.If the japanese get something through the G7 it’s not stopping until it gets to 100 as a first move.
I was gonna publish this here, but it go too long, so I Peeg’ed it.
Stimulus Alternative? Turn It into a Newt!
__________
Hedge funds will take my money how come the fly wont manage it
Pete, not for nothing, but Nancy Pelosi has been a dimwit since she entered Congress. There’s nothing new to her status save that she has more power and is therefore even more dangerous to the Republic than she was when she was in the minority.
Wake up, she’s been in charge for almost three years now, and she’s a never ending train wreck, along with her partner in doofosity in the Senate, “We’ve Lost Iraq” Harry Reid.
If you support these people, I suggest you keep it to yourself, as there are intelligent people who actually glance at a newspaper on occassion reading these fora, and they will only laugh at you and your weak Talking Points “Rush Limbaugh” blather.
Wise up.
___________
AVAV another breakout for me
First of all Im not a liberal jackass. Im not a conservative asshole.
Both sides are fulll of idiots. Some of you might be them. You listen to Rush Limbaugh as your god, then yes your an asshole. L2 education.
I think this stimulus bill is absolute ass. It sucks and will not do anything.
Also DailyKos? No I dont visit liberal sites, but all I hear from repubs is cut tax’s. We need to do more then that.
The one thing I think this stimulus bill does, is make the peons of this nation think the govt is on top of things and working on the problem. This will eventually rise consumer confidence. All we need is time. Time to heal.
Stop picking sides without hearing knowing wtf your talking about. Otherwise your a tool.
out of STEM 2.21
Pete
You don’t have to pick fucking sides to know the stimuls bill is crap.
So stfu.
How much more could we cut tax’s before we run out of tax’s to cut?
Pete, I’m going to take this slow, since you’ve obviously shown a tendency to be duped by low grade types.
The bill that’s going through Congress is going to cost us $3 trillion over ten years, and act as a disincentive to growth. That means there are going to be less tax dollars to collect in future.
If we instead spend, say $1.5 trillion in growth incentives to the private sector which increase the size of the overall economy, guess what else also increases?
That’s right Pete, that beloved tax base about which your so concerned.
Pete. Wise up, Pete.
___________
Next, DevilDog will be telling us to put the lotion on the skin or the S&P gets it.
ROFL!
______________
Pete, sorry, I was away, I didn’t realize that you’d already been abused by others above.
I didn’t wish for that to happen. I’d rather you be educated than angry.
_____________
Pete…seriously…quit while you are behind. You brought a knife to a gun fight. Go home.
The Other Pete
Of Mice and Men
HOW COME MY SUPER-GENIUS POSTS ARE GETTING DELETED?
You guys better get that shit fixed before I go ape-shit…
Haha but tis always fun to argue with others.
I dont take sides. All I know is im tired of the country being so pulled apart by one side or the other.
I dont listen to Rush Limbaugh as well. Maybe his plan is good. I dunno, but when he says I want the president to fail, it hurts everyone.
Even thou, hi might not have meant that, thats how the public see’s it. Its time to stop that bs. Be smarter with what you say.
“It rubs the lotion on its skin, it does this whenever its told.”
http://www.youtube.com/watch?v=RQb2m6VJ-eo
IBankCoin is my home!
sorry guys.
SWHC look out above!!
All politicians = the Peter Principle in all its splendor.
new small position in BTIM under 2
and added to NG
Just cleaned my office. Now it is CORVETTE time! Everybody have a great 3 day weekend and the best of luck to the DOG.
It must put THA LOTION, in THA BAS-KET!
Lol.
That shit never gets old.
_________
Lets kick these bears down the stairs.
Anyone buying DZZ?
Jake Gint wrote:
“along with her partner in doofosity in the Senate, “We’ve Lost Iraq” Harry Reid.”
No doubt Harry Reid is a moron, but we DID lose the war in Iraq. Dozens of bombings every day, Iraqis want us OUT NOW, the place is a sewage-filled hellhole.
Bush put 4200 American boys to their DEATH, and maimed for life 75,000 more FOR FUCKIN’ NOTHING.
I’m with ya omfgitsjd
Hyaaaa!! Umffff!
CRASH!!! Brrrrbabrrrrr “My shoe”
I just kicked a few that were near me.
CRASH!!! Brrrrbabrrrrr “My shoe!”
Eddie Murphy Aunt Bunny Reference! Excellent!
Lawd, Jeezuz Chrast Lawd Hep Me Lawd!
__________
Moober: Was your bag still functional after the incident?
By the way, you easily have the best handle on here! Moober. hahaha.
Mars.
Henry,
I thought GERN was down because they were doing an offering of 7 million shares. Dilution. STEM just followed it down.
Lawd, Jeezuz Chrast Lawd Hep Me Lawd!
LMAO ovah hear
THE BIG PICTURE
Blind optimism declining gradually as resistance is coming earlier on every upside move.
There is no need to rush in and buy for the long term. The early bulls will be spanked next after the nervous shorts.
Remember Obama and gang are losing America’s confidence and it will only get worse for the markets before it gets better.
short 12 esmini here, due to treasury sell off…
I am just so pissed that Leave It To Beaver was taken out of the 11:00 AM slot on TVLand.
Now what I am I going to do with my time?
Granpa
I feel like I’m going crazy cause I swear I read or heard on CNBC something to do GERN and european FDA decision, blah blah blah yada yada yada.
I sold without even having a clue of what I was doing. Not unlike most of my trades.
LOL
AVAV looks like it’s going big time here. I wouldn’t be too quick to sell it here.
$40 maybe a bottom in this stock for ever.
Hey Pete!
GS to par much to T-Moe’s chagrin.
America’s Team
re: Biotech
One of the constraints is the lack of bio/lifescience coverage from analysts…yes I don’t like them either. An example of this is Nomura axed their entire biotech group in London last fall. Without i banks and analysts pushing bio there will be less upward mobility of bio plays. I’m not saying bio won’t move, but there are fewer bodies pushing the sector forward.
The euro zone suffered its deepest contraction on record in the last quarter of 2008 with its main constituents — Germany, France and Italy — all faring badly, casting severe doubt on any nascent recovery hopes.
Gross domestic product in the 15 countries then using the euro shrank 1.5 percent from the previous quarter, worse than forecasts for a 1.3 percent drop, statistics office Eurostat said on Friday.
“These are huge contractions in Europe, the largest in living memory in most cases,” said Ken Wattret, economist at BNP Paribas.
Question why on earth would you have a stupid frog running the central bank in Europe?
mrkcbill works in the Shamwow test lab.
El Tibs —
I wouldn’t worry too much about a dearth of analysts from a valuation approach. When these things start to look tasty to the big pharmas (thanks, in some cases to the death of attention from the sell side) you will begin to see the mother of all acquisition drives, and your valuations will perk commensurately.
____________
Jed drives a Red 05 Miata Convertible
$30 million on a mouse or $600 billion on a desert.
Anyway, it’s a fabrication, but tasty red meat to throw. I definitely give the Republicans credit for being masters of the wedge issue.
But seriously, I can turn on Glenn Beck if I want to hear this shit. Let’s get back to stocks.
Politics is way below this blog.
-DT
at the least it’s fake but accurate. besides that, there is not enough whiskey in the world for you to turn me on.
DT-
I suspect there is nothing below (or above) this blog.
This blog is like the wild wild West.
Anything goes.
Jed drives a Red 05 Miata Convertible.
Ouch!
___________
Politics is way below this blog.
Correction: Your’s and Pete’s “politics” are way below this blog.
_________
Goldman sold out-of-the-money PUTS during Obama’s inaugeration. GS is now using all its influence in an attempt to support the market.
How is XOM still holding on?
a
XOM is the last bastion.
Needs a banana peel
profits 8 contracts here, all proceeds to the Clinton Foundation…
$600 billion on a desert?
The repressed Iranian shia population just saw free provincial elections happen next door in Iraq. Sunni won some of those provinicial elections, and true to democractic primciples, the central Iraqi government (i.e., shia) are recognizing the provincial election outcomes. How much pressure do you think that is putting on the shia theocracy in Iran?
There’s now an emerging, nascent democracy in Iraq. They are an important U.S. ally in the region. Millions of people now have freedom and liberty. They have the oil resources to build an even stronger democracy, country and better lives for themselves. Only a small mind views that as $600 billion on a desert.
BTW, my brother in law was a helicopter pilot in Iraq. His bird was shot down. He lost a leg, broke 3 vertebrae in his back, punctured a lung, and experienced several other injuries. He holds no grudges and is very proud of his service. So am I.
Good on ya, Satan’s Small Pooch.
From the brother of two military eggbeater pilots, who are now out of harm’s way.
But not for nothin’, you are wasting your time trying to talk national defense to a Democrat. You might as well discuss aerobatics with a lake trout.
__________
__________
I am enjoying watching KIM bleed this week, and even enjoy more shorts making more and more money.
The bitch is dead
SWHC going to 3 today!!!
There I said it!!!!
Hold me to it? No problem see ya later!
I landed smooth on the deck of the Enterprise during a Cat 5 ‘cane so fuck all you all.
Where the hell is The Fly?
I miss egregious FLY buys and sells. Big huge man sized chunks of stock.
Come on Fly, think of something brilliant!
“DIGITAL-TO-ANALOG CONVERTER BOX PROGRAM
2 For an amount for ‘‘Digital-to-Analog Converter Box
3 Program’’, $650,000,000, for additional coupons and re4
lated activities under the program implemented under sec5
tion 3005 of the Digital Television Transition and Public
6 Safety Act of 2005, to remain available until September
7 30, 2010”
Incentives for going outside and spending money to help the economy, glad they put those in the bill.
*Srry* Side note, im sure this will help pizza deliveries…Ticker for pizza hut = ?
They want a TV in every home so that they can manipulate the masses.
I used to bullseye womp rats in my T-16 back home
Jake,
You always make it personal, which is why you’re such a bore. But since you went there, I recall the comment section around here before you chewed this place up with your anger and it was a better place.
Later.
-DT
Where is our Fearless Leader THE FLY
Out of DUG yesterday @26. Was in at 21.50 and 24.50 for a week. Will play DUG again below 23.
Jed listens to new age musician Yanni.
You always make it personal, which is why you’re such a bore. But since you went there, I recall the comment section around here before you chewed this place up with your anger and it was a better place.
Yeesh, what a “dish it out but can’t take it” pussy you are Dino. I wonder to myself, did this kind of passive aggessive phaggishness work in your Third World Lit classes?
Your egregious mewling has my lunch up in arms, over here.
If you can’t handle criticism of your less than stellar decisions, there’s always your sparsely attended blog to garden.
You know I won’t be there. 😉
___________
Oh, and dimness? The word is “boor.” Wise up.
__________
Jake … do you cultivate that winning personality, or did you come by it naturally?
Get an EQ fugnutz.
Naturally, of course, fugnutz. The same place your penchant for anonymous attacks comes from.
The genes.
________
LMAO – like you’re not anonymous here too.
Always have to get the last word in, don’t ya? No doubt that too is bred in the bone.
Jake,
I was using the 3rd meaning of the word “bore” from Websters New World Dictionary…
bore (n) a tiresome, dull person or thing.
But you’re right… I could have found a better word.
-DT
Always have to get the last word in, don’t ya? No doubt that too is bred in the bone.
I am anonymous to about half the people here, actually. Do you feel left out?
You choose to hide even a persona by which you’d be known only temporarily. That’s pretty weak, even by most passive-aggressive pussy standards.
__________
Dinoducats — When you get to China, I’ll have the Lo Mein.
_________
.
Like I said … you seem to be incapable of not responding.
Do you have a irresistible need to be right? Or is just a lack of confidence that causes you to lash out at people?