UPDATE: Banking guru caught on tape.
[youtube:http://www.youtube.com/watch?v=CqI7kcfcSqk 450 300] If you enjoy the content at iBankCoin, please follow us on TwitterUPDATE: Banking guru caught on tape.
[youtube:http://www.youtube.com/watch?v=CqI7kcfcSqk 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
NOTE: Barney Frank is a douchebag.
Keynes was more qualified to be a hairdresser or one of the Village People.
Keynes and Frank are/was very gay. consequently they say very gay things.
The FED runs the US banking system but the public face is Frank and Dodd.
All I can say is.
HAHAHAHAAHH! HAHAHAH! America! You Lose. HAHAHAAHA!
BAHAHAHA!
HAHAHAH…….
Seriously.
America, you just fucking lost.
Imagine the history books. Epic LULZ.
Citigroup/ Smith Barney out tonight on:
FLR: Retain Sell Rating. Estimates lowered. Target lowered to $31 from $37 ..’We believe maintaining the guidance will have a positive near-term effect on the shares. That said, we continue to believe the fundamental outlook for FLR is still weak, that management will ultimately lower guidance later this year, and its 57% P/E premium to the group on 2009 consensus should be monetized by investors.’
ESRX: Reit Buy, raise target to $82 (from $78)
UA: Adds to Top Picks Live as a Top Sell, target lowered to $12
RUSH: I’m going to be honest with you out there, Cory. It’s not my job to support these guys and give them a boost. Their job is to go out and get the support. Their job is to go out — and they’re the ones hunting for votes. I’m just going to be honest with you. I don’t think Congressman Paul has a snowball’s chance.
CALLER: Well, I think that, you know, I mean again, you said that your reasoning is not to promote a particular candidate, but if you were to decide that he was the candidate that most identified with your, you know, conservative nature and you supported him in that way, you have the power yourself to make him the Republican nominee. Enough of the base listens to your show that you could effectively change the balance, as it were.
RUSH: That is very true. You do not know how right you are. That is why I must exercise this power responsibly, not as a cheerleader, not as somebody trying to demonstrate that awesome power. I have to do this responsibly, which is why I’m not picking a name right now, because I understand exactly what you said. I alone have the power to move the base.
RUSH: I should talk about Ron Paul more?
CALLER: Yes.
RUSH: Okay. Well, it’s Open Line Friday, so I’ll take that under advisement. I appreciate it. You’re a Ron Paul acolyte?
CALLER: Well, I’m an 18-year-old now, in Mount Terrace, Washington, and I’ve been following the 2008 election.
RUSH: Right.
CALLER: And, I don’t know, I think that he’s… Sorry if I seem a little nervous. It’s my first time calling you.
RUSH: I understand that. I’ve been a first-time caller, too, many years ago. I know how nervous it is. We don’t have much time here to talk about Ron Paul because the time is dwindling. Let’s see, I have seven seconds, six seconds. What can I say? Uh… Ron Paul. Republican candidate for president, Ron Paul.
that was pretty boring.
I’ll try again
hang on.
OMG! Rush Limbaugh talking about Ron Paul
I just peed myself.
Not breaking news or tier 1 market moving stuff here or anything, but a good little re-cap on what’s up with Solar from morningstar analysts:
(excerpt from FSLR report…)
The economic slowdown
and credit market constraints have materially lessened
demand. Less capital exists for solar projects in general,
and financing costs have also risen considerably. This
further reduces the attractiveness of solar projects, as
returns to investors are lowered. Also, Spain (which
accounted for more than half of all solar installations in
2008) capped its solar subsidy and will see new
installations shrink 80% this year. Given these dynamics,
we believe it will be very challenging for the solar industry to grow at all in 2009. Another significant change has been the overall increase in supply. During the past year, a host of new capacity has come on line, far faster than the growth in demand for solar modules. We believe solar panels have entered a situation of oversupply and the
days of excess demand that drove high industry profits are
over. If true, this spells trouble for the majority of solar
module makers, including many companies we cover. We
expect the falling prices and reduced profitability of recent months to continue and believe an industry shakeout is likely in the next two years. …
more late night rambling:
Today 01:26am
“Heard on the Street” is positive on tobacco stocks – WSJ – The article notes that loyal smokers of top-selling cigarettes should let tobacco companies maintain or even raise dividends.
gonna keep an eye on MO & LO over next few days…
while i do like ron paul’s honesty and sticking to his guns (as he’s one of the few republicans out there that is both honest and intelligent), i do think keynesianism is right, there is no alternative to spending our way out of it.
a krugman lecture just went online yesterday articulating the position well.
AssNapkin Mike is funny but below his 5-day support.
Krugman is a fucking moron. His name should never be mentioned on this blog unless it’s to pour scorn.
CNBC anchor experience..qualified?? Not many at CNBC are really “qualified” to report the news they see, let alone give their opinion wether to buy or sell stocks…
Bill Griffeth:
He received his Bachelor’s Degree in Journalism in 1980 from California State University.
More than 20 years experience in business television.
(Bid deal, so he can “report” the news. Ron Insana did that and ended up losing a few million for the clients of his now defnct hedge fund)
Dennis Kneale:
Prior to Forbes Magazine, Kneale spent 16 years at The Wall Street Journal where he was a senior editor.
Kneale holds a degree in journalism from the University of Florida.
(Enough said. If it were not for CNBC this clown would be working at Chucky Cheese picking up young boys in the men’s room)
Maria Bartiromo:
Bartiromo graduated from New York University, where she majored in journalism and minored in economics.
(So in other words she has ZERO experience in business other than reporting news and looking pretty. Lucky she has tough knees, a rich husband and an ever richer father in law)
Melissa Lee:
Lee graduated with honors from Harvard College with a Bachelor of Arts in Government.
(From Harvard to stock market pumper, mom would be proud)
Becky Quick:
Quick received a Bachelor of Arts degree in Political Science from Rutgers University in 1993
(Another one who has no experience in business other that what her bosses told her to do. Plus she still thinks that Warren Buffet is really her long lost father)
Trish Regan:
Regan graduated cum laude from Columbia University with a bachelor’s degree in U.S. history. She worked at Goldman Sachs and DE Shaw.
(Gee i wonder what she did at Goldman? Another one with skinned knees)
Mary Thompson:
Thompson holds a B.A. in English from the University of Notre Dame and an M.S. in Journalism from Columbia University.
(What really amazes me about Mary: not only is she not qualified to be on CNBC, if you ever notice,
she “um” can’t get thru an “um” story, without “um”
saying “um” about 10 times. Guess that degree in English was a waste)
On and on. What a joke.
Dexter- You forgot Rick Santelli.
Graduate of Univ. of Illinois.
[edit] Trader and financial executive
Santelli began his career in 1979 as a trader and order filler at the Chicago Mercantile Exchange in a variety of markets including gold, lumber, CD’s, T-bills, foreign currencies and livestock.
Santelli later became vice president of Institutional Futures and Options at Rand Financial Services, Inc., served as managing director at the Derivative Products Group of Geldermann, Inc., and was Vice President in charge of Interest Rate Futures and Options at the Chicago Board of Trade for the firm Drexel Burnham Lambert. Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market.
His previous job before joining CNBC was as a vice president at the Institutional Financial Futures and Options at Sanwa Futures, L.L.C., where he handled institutional trading and hedge accounts for a variety of futures related products.
I say qualified here.
FLY –
You should start a trading camp – place where people can hang out with you and learn your ways…I’ll bring the food….what you say?
Thanks TC. Dexter seems to forget, or is too young to know, that Griffeth, Herrera (McMahon), Insana, Bollinger, and Hart, invented the TV financial genre. CNBC was a poor excuse with chicken recipes and consumer tips between market updates. Herrera’s futures reports were as good as anyones, and “Shop Talk” was a must see with Bollinger and Hart.
Yes Yogi & Boo Boo. Agreed.
As Ed Hart used to say on FNN: “We’ll know in the fullness of time.”
May he RIP.
Buying LVS AND DRYS today,what say you.
^^^
5 no field 5….7 out
I would take half position in ITB or XHB (homie etf) about 9:55-58 and then wait for the 10:00 AM new home sales. Watch the reaction and then either bail or buy the other half. The market believes the sales suck (as usual). Central Florida new home sales show a big jump so there may be a surprise due to slashed prices and low mortgage rates. It’s still a crap shoot.
For a daytrade only.
DHI is the strongest homie.
GM wants another $16 billion…I say put them through bankcrupcy first,wipe out stock,debt and clean the slates.
Why am I not surprised Santelli is one of the few with real world market experience.
Holy shit, a journalism degree. They may be no greater scourge.
The old time news guys scoff at them.
___________
DB — here, here… when did we become a fascist state? Sure it’s “soft fascism” although that Obama symbol kind of gives me the creeps, but it’s the same crap Japan had (and has) arguably “going for it.”
Is that what we want, people?
_____
Lol… “I’m walkin’ around the apahtment, kickin’ the dog upside down…”
“This guy the other day tole me my cah was pahked too close ta his, so I busted his jaw for him….”
Fuggin Rizzo. Let’s give him Barney Frank’s seat.
__________
Keynes, Krugman, and Obama are all “assnapkins”.
No offense, Mike.
bought back my goldiechops right here. closed my long doll yen pos amd sold Euro/Aussie
I did the wrong thing and listened to that sack of turd (Krugman) just to see what he would lie about. And he did of course.
He told the audience evidence for tax cuts is that they don’t work because people tend to save them. He suggests we witnessed evidence from the last Administration’s actions.
However that wasn’t a fucking tax cut. It was a one off tax credit. He’s such a lying piece of shit and so undeserving of the Economics prize that it pitiful they gave it to him.
prostrations re: glw.
DXO still rocking. I still have 15,000 shares left and am plenty happy considering the leverage. My cost basis is 2.07. I noted yesterday I took some off the table at 2.20 that I bought in the 1.79 level. The rest will ride for 12 more months on my 14 month time frame.
Hey Fly:
give freaking Cronktite a freaking clip over his thick head.
Market Movers Plus *Durable Goods: Market Expects 2.5% / Actual # 5.2%
It was freaking negative. it was -5.2%.
Tell the nimbus that not having a minus sign before a number means it’s positive. he almost had me believe that for a second.
the doofus.
Note 2: I am buying more ADBE here, actually just filled at 17.10. Cash is king and they have it.
Fly hell of a play on GLW, quick 50k won’t hurt nobody. Thats Ferrari money that quick.
shorting gold via this crapper ABX…here is chart
http://alphalobotrading.blogspot.com/2009/02/abx-possible-short-posible-operacion-en.html
Obama getting ready to speak again? get ready to short anything….
I’m long as the day don’t fuck me Obama
URGENT!!
FWIW, my take on SWHC is if you can get 4 -4.25 today take it!Don’t hope earnings get you straight to $5 if you’ve got gains. Earnings are coming and this has clearly run in expectation of earnings get rid of some
AlphaLobo – I like the look of your ABX short level. Since it has now violated your support, I’m shorting this thing in size with a tight leash – no offense. Let’s see if you can make my mortgage payment for me….
That whistling sound growing louder is the incoming budget release. Get your helmet on.
sold all DXO @ 2.36. Will get back in when gap fills. That might not happen but a 30% gain is a good rental income.
Frank is a Barnie
Get your guns ASAP!
http://abcnews.go.com/Politics/story?id=6960824&page=1
12 emini contracts short here…
Rally to S&P 875 and gold DOWN. Who knew? Odd no? BTW, I’m making a ton of $$$s on my DZZ bought at 19.
SFLY your cleared for take off
.. click over.
my pennystock pick IRIDQ moving again.
another 12 775 here..
6 more…
Who are Shutterfly’s (SFLY) competitors? Anyone?
Theses guys are gonna print money this year with no competition
For all the anarchists out there clamoring to buy guns and tobacco…do you think there is something to be said for Iridium and satellite phones for the future?
wow, barney frank is d’bag…too many damn d’bags in charge of this country…
And the “Ah needa Long” race is on….
@10:36 am GLW +0.52 (+5.50%)
MON +4.11 (5.44%)
_________
a mere stall in the market will take it down 75 in the dow at this point…
And the winner is… (so far)… Chivas!
(he went long 1mm shs GE under $9 three days back, I can send you the email if you like…)
__________
For you conspiracy lovers:
The CO2 monitoring satellite was completed nearly 8 years ago. Bush didn’t allow it to launch. Now it blew up due to a fairing separation failure.
Fairing separation is an important part of any launch, but it seems fishy that a taurus 2 rocket (on which this problem was never a problem in the past) that it should fail.
My speculation: The US has military bases or operations in places that either they shouldn’t be, or have sensitive areas that can only be detected by highly sensitive CO2 equipment.
Or maybe it was just a mis-hap. But then why would Bush not have allowed launching it? Because they produce a lot of CO2 and would look bad? I doubt it. The world knows that already. The States has already said “Fuck the Kyoto Protocol”. But then why was it even built?
Disclaimer: As a geologist who has studied and even taught University courses on “The Geological Record of Global Climate Change”, I think the entire CO2 issue is a red herring.
But it’s a political hot potato.
End of transmission from Mars.
DEVILDOG: with you on that trade from 19.50.
May I suggest BOOM as a spec long?
Mgmt has not backed away from guidance, the stock has been mercilessly pounded on decreasing volume, and it feels very, very coiled for a pop.
Let’s say I have been quietly build a hugemongous position, so I am talking my book.
Rally to S&P 875 and gold DOWN. Who knew? Odd no? BTW, I’m making a ton of $$$s on my DZZ bought at 19.
We’re rallying to 875? That’s one hundred points north of here, Devil Doubtful.
And you’d better take your skinny DZZ acorn home now (now it’s “19” is it? lolz), and bury it in the bunker before it gets stolen by a giant bag of squirrels. Gold is cycling right now, and I’m accumulating.
Aephus,
there was a time, not that long ago, when cellular phones were well out of reach of the average person, and were used only by the wealthy and powerful. Now look. Then look at who is using sat phones now.
Whattya got to lose, a few hundred bucks?
Just sayin’.
Disclaimer: As a geologist who has studied and even taught University courses on “The Geological Record of Global Climate Change”, I think the entire CO2 issue is a red herring.
Are you sure you’re Canuckistanian? Because I’m pretty sure they can bring you before the speech courts in irons for talking such treason as the above. 😉
________
Who are Shutterfly’s (SFLY) competitors? Anyone?
There are many, ranking from Walgreens to Kodak to a number of similar web based co’s. For some reason the name “Picasa” is ringing a bell, but that may be my titinitus.
__________
Barney Frank is a schmuck.
HOG might be a good long play here. up off it’s all time lows, we’re going into spring, people that get the itch will buy one (I own 4 of them) and Harley is not going to go out of business…..just an idea.
IRIDQ sold at .09. Bought at .04 yesterday. That’s like, uh, double. In one day.
For the iPhone users out there:
Apple Mobile Me Phishing scam:
http://www.appleinsider.com/articles/09/02/26/new_phishing_scam_targets_mobileme_users.html
Haven’t we seen this movie before? The market hits lows, led by financials. The Government comes in and talks up the banks. The banks move up and the market bounces, the head fake starts. A new hope begins and the VIX starts to fall as fear moves out.
On CNBC we hear the words ” mustard seeds” every five mins. Kudlow goes back to doing blow in the stairwell right before his show.
More people start to call a bottom and Art Hogan’s name is dropped every morning. Bad news continues to come in (record jobless claims, new lows on housing, consumer sentiment at all time lows, etc.) the market shrugs it off and continues to inch higher as retail brokers tell their clients to buy because the bottom is in and they need the commission. It is a new day as the Messiah has come, Lord BHO is here to save us. Then when all the fools have taken the bait and the hook gets set, Wham!
Except for AEM,ABX gold stocks not acting bad considering price of gold and silver.
Looking for a rebound here.
Like PAAS,AUY,NG for a daytrade.
another 6 here, total: 24 contracts
^^^^^ That be me.
JakeGint:
While it’s true those behemoths offer a service. It’s like saying Dunkin Doughnuts
was was a reason not to invest in SBUX in the 90’s
Sniper6…not for nuttin…but you were just building a case for buying IRIDQ…then you turned around and sold it. Sounds like the classic pump and dump. I did not think that was your style. Please explain.
target 771.5, proceeds to Clinton Foundation… if we hit.
all out… off to take a walk in the country.
T MOE, I think the same thing…..and what blows my mind, is yesterday, NO ONE wanted anything to do with LVS, and it hit its 52 week low. News was and has been for months, no one is going to the casinos, (and they still aren’t) but out of the fucking blue, with NO change in business, over fucking night, today, EVERYBODY wants the shitty stock….. up 36% from yesterday?.
let me review again…..yesterday NO ONE wanted the fucking stock, today EVERYONE wants the fucking stock? this is the shit that makes playing this game so fucked up.
Sold FCX @ 31.88 BOT SLV @ 12.85
Sold DXO 12.42. That was fun. Waiting for a new target to pop up.
I remain convinced this blowoff in the precious metals won’t last. There has been no drawdown in the GLD inventory (ounces) in the last few days, despite the falling AU price, so the price swing is likely related to put/call repositioning.
So, Orsag is saying they are including monies in the budget that were previously spent, but not properly accounted for and excluded from previous budgets? That this thing is actually a more honest snapshot of govt spending?
Interesting,
Who are Shutterfly’s (SFLY) competitors? Anyone?
There are many, ranking from Walgreens to Kodak to a number of similar web based co’s. For some reason the name “Picasa” is ringing a bell, but that may be my titinitus.
______
Costco, Walmart, Apple. No barriers to enter the photo biz.
BTW the Apple iPhoto printed books are awesome. Want to make GrandmaGint cry at Christmas? Send her a full color, hardbound, year-in-review photo album of the Gint kids.
Delivered to her door, $30, a lifetime of “you are such a good son, Jakey”
^^ last two me
No shit eh JakeyG?
Luckily its an anonymous forum, so I’m less likely to be clamped in irons for such an outlandish (but scientifically sound) view. 🙂
Mars.
Obama and his group of romanian goatfuckers are single handedly torpedo-ing the economy and markets.
Good times!
there was a time, not that long ago, when cellular phones were well out of reach of the average person, and were used only by the wealthy and powerful. Now look. Then look at who is using sat phones now.
Unfortunatley a large natural market for sat phones was taken out by JDAMs a few months after 911.
It will take some time to “build” that base back up.
__________
Aephus,
definitely not a pump and dump for me. I don’t have that kind of skin in the game. Like I said yesterday, I bought at .02 a few months ago. I made the purchase because of the reasons in my post above…pure speculation about the future of sat phones.
I sold yesterday at .06 because I wanted the profit. I then rebought at .04. I sold today at .09 because I wanted the profit. I have an open order to buy in again at .06 and will do so if the price reaches that level.
This is a trading account. I also have a long hold position of 10k that I intend to keep. I also have an interest in GSAT and SIRI because I believe in the future of satellite communications.
I can only trade today and tomorrow before I leave on an assignment that will keep me from trading for at least three, and possibly up to fifteen, months.
The volume on the trade is all I need to see to tell me the stock is in play. I am no more a pump -n- dumper than any other poster here who takes profit on a trade.
Good luck trading. sniper6
While it’s true those behemoths offer a service. It’s like saying Dunkin Doughnuts
was was a reason not to invest in SBUX in the 90’s.
Not making any quality comparisons, just saying it’s not an uncrowded field.
FWIW — we used SFLY for our Christmas Cards this year.
_______
target 771.5, proceeds to Clinton Foundation… if we hit.
Shoot, hit or not, everyone loses. 😉
______
http://failblog.org/2009/02/25/parenting-fail-6/
Is that Barry O as a kid? third child from the right, blue shirt.
ps- thanks for asking instead of accusing, I do appreciate the opportunity to explain, I can see why it may seem fishy to you. GLT.
# JakeGint Says:
Rally to S&P 875 and gold DOWN. Who knew? Odd no? BTW, I’m making a ton of $$$s on my DZZ bought at 19.
We’re rallying to 875? That’s one hundred points north of here, Devil Doubtful.
And you’d better take your skinny DZZ acorn home now (now it’s “19? is it? lolz), and bury it in the bunker before it gets stolen by a giant bag of squirrels. Gold is cycling right now, and I’m accumulating.
February 26th, 2009 at 10:50 am
WOW, you’re going to lose your ass on gold. BTW, watch and learn on the rally to 875.
Out of APOL at $71, +17.00
New post coming??
I guess we’re no longer top priority. Those damm Rich PPT kids…
Get ready for the crash. New lows coming….
More reason to buy SWHC.
I like the new purpose to their argument, it went from “for the children” to “do it for Mexico”
Obama to Seek New Assault Weapons Ban
The Obama administration will seek to reinstate the assault weapons ban that expired in 2004 during the Bush administration, Attorney General Eric Holder said today.
“As President Obama indicated during the campaign, there are just a few gun-related changes that we would like to make, and among them would be to reinstitute the ban on the sale of assault weapons,” Holder told reporters.
Holder said that putting the ban back in place would not only be a positive move by the United States, it would help cut down on the flow of guns going across the border into Mexico, which is struggling with heavy violence among drug cartels along the border.
“I think that will have a positive impact in Mexico, at a minimum.” Holder said at a news conference on the arrest of more than 700 people in a drug enforcement crackdown on Mexican drug cartels operating in the U.S.
Mexican government officials have complained that the availability of sophisticated guns from the United States have emboldened drug traffickers to fight over access routes into the U.S.
A State Department travel warning issued Feb. 20, 2009, reflected government concerns about the violence.
“Some recent Mexican army and police confrontations with drug cartels have resembled small-unit combat, with cartels employing automatic weapons and grenades,” the warning said. “Large firefights have taken place in many towns and cities across Mexico, but most recently in northern Mexico, including Tijuana, Chihuahua City and Ciudad Juarez.” ….
I would be careful going long SWHC here because its up from 2.60 to 4.00+ in 4 days. Fly just happened to nail it perfectly.
Who are Shutterfly’s (SFLY) competitors? Anyone?
There are many, ranking from Walgreens to Kodak to a number of similar web based co’s. For some reason the name “Picasa” is ringing a bell, but that may be my titinitus.
Costco, Walmart, Apple. No barriers to enter the photo biz.
BTW the Apple iPhoto printed books are awesome.
ALL of this is true but from Conf call a few weeks ago>>>>
“What became very clear during this Q4 is that our strong brand, combined with a relatively low cost, high sentimental value and a holiday-oriented product line, has the potential to produce solid operating results even in times of great economic challenge.
ummhmm… I like that… STRONG BRANDS! I’m building a basket of stocks that offer under $50 products you can order from your couch. Cause thats where your all gonna be.
SFLY
NFLX
What else?
I want to take this opportunity to thank Phyllis_from_brazil for advising me to be patriotic and buy BAC at $2.80 DUDE…it has doubled since you made that call. Bravo!! Thank you! Maybe you are not quite the anti-American asshole I originally thought you were.
I sold my SWHC @ $4 today
I bought it yesterday @ 3.50
There’s short term upside to 5 if everything goes perfectly with earnings but the money has been made.
Henry,
I posted a link to Tim Sykes’s case for SFLY yesterday. He agrees with you and was a buyer around 8.15 or something. I don’t follow Sykes, but his name came up when I did a little research.
Good luck.
Don’t own it but
TNDM looking sweet and ranked 27th by hybrid (3.90) PPT
PPT might upgrade to Strong Buy if it closes well.
Worth putting on the list.
That’s cool Anton.
Don’t follow T.S…. Well don’t follow anyone but we all know the clowns are out there offering schemes. Hard work pays off thats all.
j Says:
“Krugman is a fucking moron. His name should never be mentioned on this blog unless it’s to pour scorn.”
What a cocksucker you are. What fucking ego. Yes, your ideas are much better than Krugmans! What are they? Oh, you AINT got any dumbfuck!
You’re the worst type of moron, the kind that has no inkling that you are one. No hope for you!
Jesus!
Can’t you short-peckered morons find other wyas to waste your and my time????
Whining pussies…. all of you!