Just in case you missed this—
[youtube:http://www.youtube.com/watch?v=ZysibKNaM1c&feature=subscription 450 300]In other news, this is one boring market. Remember, try to avoid, at all costs, shorting markets that seem lifeless. The next thing you know, it rises up like a fucking zombie and eats your brains.
Personally, I will remain a stalwart oil bear. In addition, I have minor positions in EEV, REW and SDD.
If you are long refiners, I strongly suggest selling those stocks right now, since the crack spread is starting to disconnect. And, if you are long banks: godspeed.
Top picks: LNN, ERY
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This Joe Terranova guy is a fist class asshat. Truly, he has NO IDEA what he speaks of.
Da Flea is a God, in training 😉
The Fly is God.
Joey T is an asshat of all trades.
I only listen to Eric the Oil Barrell Bolling regarding earl.
Boring is right and please explain why “crack spread disconnect” is relevant to refiners. I’m sure I could google it somewhere but I’d be grateful for a few words from Senor Tropicana
Refiners don’t look very fine here.
I’m shorting them, with gusto. 8)
Crack spread is tightening. Hence, lower profits for refiners.
Any SRS traders want to comment???
Hi-fucking-larious! Really brightened my day.
thanks!
test
Sooo…Jamie Dimon wants to return TARP money ehh?
What a fucking crock of shit…
“Any SRS traders want to comment???”
Yes: Fuck SRS.
financial fuckery on its way…short squeeze to clean out all the original thinkers shorting at lows…
Thanks Fly. And for a conservative play do you like long crude/short oil companies via long USO/DUG?
mrkcbill thinks the definition of “the crack spread” is what you do when you first sit down to take a crap.
Bruce, the refiners just called.
En masse, yah.
They said: “Fuck you, Juice, we will eat your brains, presently.”
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watcher
That’s an ok trade.
Jed:
Quit the MRkcbill attacks. You are attacking the nicest guy on the site. Sort of idiotic.
Attack Jake or “newbie.”
Mayne, ever’buddy knows the def’nishun uh “Crayck spread” is the amounts you pays fo mah crayck MAH NUSS tha amounts I pays fo the blow.
Ho!
And doan TELL ME ’bout no PRO-graym!
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Would that make me “not so much the nicest guy on the site?”
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PS — I call “Jed is not allowed to attack me,” as I am much too sensitive to withstand the abuse.
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Every indicator I look at is screaming at me to get short. But the sentiment is so bad right now, it seems like it just might be Costanza time. Regardless, I will soldier on. Added some DUG today. This market looks like it’s going to crash to end this week… the wipeout is on its way.
Fly,
I honestly like mrkcbill.
For the last several weeks…we have exchanged fairly innocuous barbs in jest. There have been a lot of other “Jed” posters (check the IP addresses) that have piled on after the whistle so to speak. So it likely seems worse than it really is.
Jed
What do you mean that the crack spreads are starting to disconnect? Do you mean they have run too far and are due for a beatdown?
refiners are still trading as if oil were $80 a barrel,
so something will give.