The market gaps up, only to collapse on itself, again. Is it any surprise to see gun stocks, SWHC and RGR, running, while this shit is taking place? People are going ape shit over this market and are on the verge of going Tony Montana on the tax man.
Which reminds me, the IRS will be stepping their “audit game” up, in a very draconian way soon. Enjoy digging up all of those receipts.
Today, GS and MS are receiving multiple homo-hammers to the neck, as well as all commercial re. In hindsight, I should have kept my SRS position and fed this TNA shit to the dogs.
This does not look good for equities. I am beginning to believe that “all hope is lost.” Furthermore, I am starting to believe something really fucked up is about to happen.
To be honest, as opposed to lying out of my teeth, I don’t need this shit. I have nice year to date gains and little skin in the game. I might just clear the deck, go to 100% cash, and eat a sandwich.
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The fly is god.
Maybe you could go help out the Germans, buy a Mercedes for your housekeeper.
GM files this weekend.
We are limit down monday.
As you were.
It sure feels like people are starting to turn on the “hope” and “change”. God when does it stop? People are starting to say all hope is lost. I will never invest again. Mattress money makes a return. Shit like this is just scary. Guns, gold and alcohol is looking better each day.
inb4zombie
we’re going to 600 on the s&p. it’s a foregone conclusion.
frankly, i don’t even think that it’s shorts gunning at anything. people are just using any reason to GTFO and feed themselves.
also, i love that this bimbo is claiming that the market ‘turned negative’ when obama was speaking. looked to me like it was already in the tank.
Little old GE is trying to spark a rally. Keep your eye on it. If it breaks $7.25 the short squeeze of the year will be ON.
Short COCO at 16.66 and PBCT at 16.82
Fly-
I held some TWM, SRS, GS shorts, SPY shorts and DUG. I told you, you would lose on TNA. Keep your ears and mind open there are those here that have a time machine too.
On another note Steve liesman is an idiot
also just as the easy trade in 1999 was long tech, the easy trade this time is short the market especially the banks. S&P 555 eventually. Write it down
555 will look like a cake walk if we continue to deteriorate. Things are breaking down too fast.
Just checked KIM, which was 6.66, and at the same time was thinking of the EXORCIST, specifically this 9 second clip, which is as good an analogy of the market as any:
http://www.youtube.com/watch?v=m5uSdnifbhw&feature=PlayList&p=0CCF4CD69A068725&index=0&playnext=1
Still long SRS, thank Father Merrin…
While you are eating a sandwich, tell a funny story. Those fuckers are the best.
Alot of this selliing is coming from europe, i’m curious to see if we bounce after they all close.
which would ya’ll consider a better market indicator today- GE or GS?
anyone here short amzn?
Fly – plz elaborate on “something really fucked up is about to happen?”
Thx
There goes your GE rally. Ha.
Holy shit, CNBC just said its a bottomless bottom! Ahh!!!!
More people talking a bottom on CNBC. What a joke
Afternoon reversal coming to a market near you. Many won’t risk being caught short over the weekend.
Has anyone noticed that the next serious level of support is around 4k on the DOW?
DOW back to 1994
By the way, I told you this was coming. Almost to the month from my Nov post.
So sorry to all the fools that bought on the dip back in November. Hope no one lost their house over that.
This market is toast and will remain toast. I’ll quote myself because I like the way I said it best in November:
From where I type, it appears that the entire bull market from 94 on was nothing but based on leverage, more leverage and globalisation. The other fact of the matter is that the US doesn’t really innovate as much as it did. The whole “service economy” is bunk – was bunk – and will be bunk.
The innovators will probably come from where ever things are manufactured.
Just saying…
Rumors making the rounds that the sec is goign to reinstate the uptick rule over the weekend. From Kass. FWIW
Mr Market Says:
Afternoon reversal coming to a market near you. Many won’t risk being caught short over the weekend.
Click to Edit (3 minutes and 15 seconds)March 6th, 2009 at 11:29 am
__________________________
They also won’t be caught being long.
It will be a cash weekend for sure.
This post will market the “Fly” bottom.
Buy stocks and drink acetone.
Good times.
Congrats Queervos Laugh…now why don’t you go shoot a load in your own face.
uptick and mtm , I’m convinced won’t do shit at this point. Boomers are ready to color up. Period. So Sorry
Fly might agree with Glenn Beck. Concentration camps. Once you check in and get in one of the two lines, just hope they stamp a big fukcing “O” on your forehead. If you don’t have the “O” stamp, off to the gas chamber.
Very nice. Maddoff will not spend a day in court. However, if he sold 1 vile of crack, he’d be in jail for 10 years.
Nice justice system.
lol
http://www.apfn.org/apfn/camps.htm
After the US market burns to the ground, the game will be which currency to be in. No one knows at this point.
CCL getting ready to be sunk by sea monkeys!
http://alphalobotrading.blogspot.com/2009/03/carnival-ccl-will-it-sink-under-support.html
CCL ready to be sunk by sea monkeys
http://alphalobotrading.blogspot.com/2009/03/carnival-ccl-will-it-sink-under-support.html
where is mike tyson….11:30am bollo punch to Cabrera’s throat was scheduled by me…hes fucking late again..Damn it..!
We have zombie banks and a mature, stale economy that Obama wants to turn into a socialist welfare state. Innovation and risk taking is now penalized by higher taxes, more regulation, and protectionism.
Japan is the analogue. They bankrupted their financial system when the Nikkei was at 39,000 in 1989. 20 years later the Nikkei is at 7,000.
Enjoy.
Hey Cuervos Laugh. We would be buying stocks with smoke signals if not for USA. We produced the digital age for the history books. But you are right, we also produced that huge flatulence of a bubble.
All these idiots claiming $ will lose its value needs to look at the european banks. They need almost $2tr to cover their asses. $ is going up!!
C-
Looks like European banks are finding ways to finance with out using $$$
Royal Bank of Scotland Group Plc, the biggest state-controlled U.K. bank, plans to sell its first bonds in yen that are guaranteed by the British government.
RBS is managing its own sale of euroyen notes and will offer them to investors “in the near future,” according to an e-mail sent to potential buyers today. Yuk-Min Hui, a Hong Kong- based spokeswoman at RBS, hasn’t yet responded to an e-mail seeking comment.
The sale will add to $39 billion of government-guaranteed bonds that Edinburgh-based RBS has sold since November in dollars, euros, pounds, Australian dollars and Swiss francs, data compiled by Bloomberg show. RBS joins General Electric Capital Corp., Morgan Stanley and Barclays Plc in tapping Asia’s local-currency bond markets for lower-cost borrowing.
While the U.K. government owns 58 percent of RBS, the state’s stake in voting shares may rise to 75 percent and its “economic interest” may jump to as much as 95 percent, Chief Executive Officer Stephen Hester said last month.
The bank reported a net loss of 24.1 billion pounds ($34 billion) for 2008 compared with a profit of 7.3 billion pounds a year earlier. The loss is the biggest ever reported by a U.K. company, surpassing the 22 billion pounds Vodafone Group Plc posted in 2006.
Lloyds TSB Bank Plc, a unit of Lloyds Banking Group Plc, in January sold 16 billion yen of three-year U.K. government- guaranteed floating-rate notes priced to pay 40 basis points more than the London interbank offered rate for yen, Bloomberg data show.
Euroyen notes are yen-denominated bonds sold by non- Japanese borrowers outside Japan. A basis point is 0.01 percentage point.
No ralley [sic] until Washington, D.C. gets its story straight. For the most part, it won’t really matter what the new story is, it just needs to be consistent and constant. Then we can pick the new winners and losers.
I’m really disappointed that we never got a decent, but I guess it’s just more evidence as to how bad the fundamentals are.
S&P to 450-500 next? It’s not that far away.
Gruel is a type of preparation consisting of some type of cereal, wheat or rye flour, and also rice, boiled in water or milk. It is similar to porridge, but is more often drunk than eaten. Historically, gruel has often been an important part of the human diet, especially that of the working class. The importance of gruel as a form of sustenance has been lessened in the more modern times.
This is only the appetizer boys. Get ready for the forthcoming international agreement to address the “crisis” with a worldwide “solution.” Can you say International Fed?
This is a death spiraling meat grinder.
FLY
something wrong with the posting…im having issues, many postings not appearing.
The US dollar is fucked, and it’s collapse will happen a lot faster than people on this board think.
I cant post….having issues…can someone check
i’m really digging kudlow when he’s on the edge of insanity.
GE and WFC showing strength here. GS and JPM getting killed. Strange….
Tech is falling apart. Short AMZN here. $50 target.
Poverty is the shortage of common things such as food, clothing, shelter and safe drinking water, all of which determine our quality of life. It may also include the lack of access to opportunities such as education and employment which aid the escape from poverty and/or allow one to enjoy the respect of fellow citizens.
Bill
Yen is a different story, looking at their huge long positions in USD thay are still under the risk of not rolling over them, USD should go up against all the other major currencies, especially Euro. I wouldn’t be surprised to see 1.10 at the end of the year.
US Peso headed for a coma
HT to Bill Walton
Used to be there was a discussion as to which currency would supersede the US Peso. But, the sane thing is to avoid creating a hegemony of one currency – why should one state reap the benefits?
It’s starting to look like the new “Wall Street” is going to be Hong Kong if this takes off.
And I don’t see why it wouldn’t.
@Steve – you must be new here. Why don’t you ante up and put something up in the PeeG if you’re so clever? If stringing more than one sentence zingers is more than your feeble brain can handle then pipe down and read on.
Or in other words Shut your mouth, your ignorance is showing
experiencing issues posting…anyone else
S&P trend is down
EURO/USD Trend is down
I can explain why JPM was going down. It’s because I bought some at 16.
Isnt this funny? Read it.
1929- The economy had been growing robustly for most of the so-called Roaring Twenties. It was a technological golden age as innovations such as radio, automobiles, aviation, telephone and the power grid were deployed and adopted. Companies who had pioneered these advances, like Radio Corporation of America (RCA) and General Motors, saw their stocks soar. Financial corporations also did well as Wall Street bankers floated mutual fund companies (then known as investment trusts) like the Goldman Sachs Trading Corporation. Investors were infatuated with the returns available in the stock market especially with the use of leverage through margin debt. On August 24, 1921, the Dow Jones Industrial Average stood at a value of 63.9. By September 3, 1929, it had risen more than sixfold, touching 381.2. It would not regain this level for another twenty five years. By the summer of 1929, it was clear that the economy was contracting and the stock market went through a series of unsettling price declines.
A good companion to SWHC RGR is OLN they mfrg Ammo for Govt. and consumer(Winchester) and the powder used in ammo. as well as chemicals @ a 20yr low support.Bought some yesterday …
omfgitsjd – I feel you. I’m getting my teeth kicked in. Such is life as a moober.
Queervos Laugh,
I am not new here. I was here last fall, reading your drivel. Last fall I predicted you’d still be an idiot today. Turns out…I, too, made a very accurate call.
Catch my drift, asshole?
GS and GE simultaneously starting take down the market, tag team style
While I doubt the veracity of your prognostication, I do notice that you were able to string a few simple sentences together.
How very able of you.
I still don’t see any posts in the PeeG – sounds like you’re just another heckler with some two fingered typing skills.
Short JPM here. Ladies and gentlemen, I present you the next ‘ALL banks go to $5’ stock. Remember when I gave you guys WFC at $16 ? BAC at $10 ? MET at $30 ? PRU at $30 ? Now go have some fun with JPM. Send me my check in 2 weeks.
http://www.youtube.com/watch?v=OqHJqpeCEBc
Changing 500
You just don’t know when to quit Griswald
Ok, here’s the plan, when this pos looks like it’s gonna turn around, (maybe VIX=101), I go long massive call options on fas. Get it? options (extreme leverage) on 3xlong fund! Is that brilliant or what! Come on DOW 250!!
This is funny. Everything that GE says about their exposure is exactly what Lehmann and Bear said. In fact, the CFO of GE Capital probably just put together some clippings of old statments that LEH and BSC used before they blew up. GE will go down to $2.
Hey shitface, you sound like my kinda trader! Why doncha play that by buying a few hundred FAZ calls?
Cap. You want to short JPM at 15 ish ? That’s dangerous. lol
GE makes a range of products like jet engines, electrical transformers, nuclear reactors and toasters, and also operates the NBC television network.
Really, who buys toasters anymore?
face: Yes, Ge will play a fundamental role in strengthening US infrastructure. They always have when the time comes to do so. Usually it takes the government to step in and make it happen because most CEO’s are interested in the fast crooked buck rather than the long term economic security of the company they lead.
The shorts are now toast.
Neah, I just trend trade SPY and SH. Sometimes SSO and SDS. Makes life easier. I only have one position on at a time. I want GE to blow the fuck up due to my long position in SH, 90% invested.
This country needs a good ass kicking so we fall down, learn, get up, and be stronger from this. Quit socialising the system and let the fucker collapse. The US is turning into a bunch of pussies asking for handouts and we have no accountability. I am so pissed right now.
re: confetti There must be a 1001 uses for all the NYSE confetti that will no longer be needed. Burn it in barrels to keep the bankers warm…. High-fiber croutons-lite on a Central Park “lawnmower salad” (cut greens, well, mulched greens anyway) for the homeless brokers… use it in government-funded public art nouveau to fit the times. Hey beats just wasting it on parades…
Fucking christ H alfucking mighty, would someone please punch Dennis Kneale in his faggot ass face?
I swear, that fucktard homo Dennis Kneale has got to be the biggest pussy on TV in history. That lame ass fucking asshat tightwad just was busted by Sue that he doesn’t even drive his own car to work, he has the CNBC bus (van) pick him up everyday and drive his sorry ass back home each evening, AND the tightwad said he rents an apartment and doesn’t even own a residence.
omfgitsjd – People told me the same thing when I was shorting WFC @ $16 and BAC@$10 . Trust me JPM @$15 is a gift from the short side. I would not consider covering till its under $10. Also short some GS here. $50 is on the way.
As I noted earlier when we were up over 100 I expect us to be down 200+ today. This will continue and culminate into an Obama protest of SnP 450. This market has no confidence in our “Dear Leader Comrade”.
Don’t worry, the vulture plinking party will begin soon. Naked shorts will be vaporized. It’s just a matter of time.
AME shorting here…see chart in peanut gallery…please comment on it..thx
http://www.colbertnation.com/the-colbert-report-videos/220779/march-05-2009/market-psychology—jim-cramer
Hilarity
did anyone catch what Donny duetsch just said about March 12? missed it…
My target on SKF is still $365. It will come Monday or Tuesday next week. FAZ to $ 180+
SKF up 115 points in just 7 trading sessions. Anybody holding?
I’m glad New Hampshire does not require me to register my rifles. Live Free or Die Mother Fuckers! When martial law is declared, the Gestapo will not have my name on their list of “suspicious citizens.”
Unemployment has jumped to 8.1%, the highest since 1983. But if part-time, discouraged workers and others are factored in, the current unemployment rate is actually 14.8 percent.If the rate weres calculated under the same formula as during the Great Depression, unemployment would be 19% NINETEEN PERCENT!
http://rechatter.blogspot.com/