Congress just dipped their ugly feet into the communism game, via passing a law to tax AIG‘s bonuses by 90%. Now, we all know AIG sucks dick. But, this is a dangerous precedent.
You need to ask yourself, in all seriousness, what PE ratio should a socialist America be pinned to? 15x, 10x, 5x? Aside from the destruction of capitalism, we have an out of control, spiraling economy, spearheaded by rampant corruption and an outright banking failure.
Plus, do not forget, commercial real estate firms will not be able to refinance the enormous debt loads they face, from 2009 through 2012.
Use strength to sell and then sell again. If I was invested, I’d be nibbling at some shorts here, particularly MAC, ACC, WRI and HME. I want no part of the inverse etf world. And, I do not want to jump in front of the inflation hawks, who are bidding up commodity stock, just yet.
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The Fly is God. PPT RULES.
“”Aside from the destruction of capitalism””
Capitalism destroyed itself – that’s the lesson from the experiment.
Fly, please explain why you want no part of the ETF world like SKF? What are you seeing that we dont see?
My worry with the SKF is, if it breaks 100$ will it reblance itself and do some bullshit like the FXP did. Only reason I havent bought it yet.
Pete
I am afraid that the banks may go on a banana run. Therefore, i want no part of the inverse etf world.
I like SFSF as a takeover play here.
even more outrageous is to get state funding and then bonuses in mil dollar range when you were the one who brought the company down.
Senator Sanders: “Will you tell the American people to whom you lent $2.2 trillion of their dollars?” Ben Bernanke: “No”
Just a reminder here, Bernie Sanders, one of the only Senators who is not corrupt, is a socialist.
Please define “banana run”, oh good Fly.
To the homo up there.
Scheming Central Banks, retarded citizenry, creation of bubbles,and taking on of massive debt amongst other stupidity is not capitalism.
Socialism is corrupt, regulated, and rigged Capitalism. All it is. That’s what we’ve had.
Socialists are the most ruthless capitalists you’ll ever find. All for them. None for you. They eliminate the competition before ….well…they just eliminate it. Bang!! You’re dead or stinking poor.
Get that?
Yesterday was a game changer. This rally has more legs to run. They are gonna bleed the shorts out before we retest lows again.
“Banana run?”
Unfamiliar with these technical terms you pros use.
Cripes. Nobody here can picture a banana?
Parabolic rise. Imagine the chart. Now do you see the banana?
90% tax rates aren’t what we need. We need jail terms. Lots of them.
Oh, and for Bernanke, a tattoo of the company logo of every bailout recipient he refuses to name (with amount of funds provided).
That means you can also have an “inverted banana” pattern.
The “inverted banana” is not a pattern. It is a medical condition, treatable by Viagra.
Fly … your thinking on HME please. Won’t there be rental demand for their units or you expecting rents to fall when the foreclosures on HO cease?
(said with tongue in cheek)
Wow, they are going to tax them like a fucking Canadian. Socialism isn’t that bad guys, we have a pretty good life in Canuckistan, you’re just not allowed to get rich, thats all. It’s better than the U.S. has now; the banks and ruling elite suck all they can out of the middle class until the system collapses then they make them pay for fixing it as well. Privatizing profits and socializing losses.
90% tax rates aren’t what we need. We need jail terms. Lots of them.
First in the orange jump suit?
Charlie Rangel, tax cheat extraordinaire.
Quickly followed by Messers Dodd, Schumer and Frank, the Mozilla gang.
Crooks every one.
Then every single one of the Congress-crooks that voted to steal contractually valid bonus dough (after they voted to “save” AIG with 1000x that bonus amount out of tax coffers)… ankle braceleted and sat before a high school civics teacher to re-learn (or visit for the first time) the U.S. Constitution.
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Socialism isn’t that bad guys, we have a pretty good life in Canuckistan, you’re just not allowed to get rich, thats all.
Or fall and bump your head on a bunny slope, apparently.
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Well, I keep trying to imagine a banana, but with all this talk of re-opening diplomatic relations w/Cuba, I keep picturing a plantain. And tho a plantain is, by nature, green, as a chart pattern for a bank, I would view a plantain pattern as red as the the star on the Cuban flag, since in Cuba the banks are nationalized and largely capitalized by handouts from Cuban-Americans sending money to their poor Havana-held relatives.
So you can see my dilemma.
And all this inverted-banana-Viagra talk conjures unpleasant images of Fidel and his brother Shemp preparing themselves to “have their way” with the American indices once “relations” are normalized.
Thanks to Ott and Zombie for pointing out this simple explanation of Fly’s terminology.
actually, I prefer to walk.
SLW is going to Detroit to build a silver palace.
Out of silver bricks.
And then watch the Final Four from a lux box.
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So the insurance crooks are being taken by even bigger crooks. LOL. Talk about the self-destruct mode.
Options expiration chatter has Twitter crawling like some slow motion
banana run out of Cuba through mud in a hurricane.
(I find it easier to learn these technical terms if I can use them in a sentence.)
I would view a plantain pattern as red as the the star on the Cuban flag
Well there’s your problem right there, Anton. You’ve been trying to picture a plantain pattern, the color of the star in the Cuban flag, on a white background.
It can’t be done:
http://img2.travelblog.org/Photos/19264/85828/t/535217-Flying-the-Cuba-flag-0.jpg
Those sneaky commies CHANGED it?!
That flag looks like something T. Boone Pickens would have flown on his Galveston-docked yacht back when Galveston still had docks and Pickens still had money.
Banana Run:
DAY OH!
Day ay ay oh..
Come Mister Tallyman, tally mi banana
Daylight come an a wanna go home
Banana Run.
In all seriousness, zero looks like the appropriate PE for Communist America.
Uhmm…Mr. Board Director? May I have my bonus in stock certs?
Banana Run..think banana republic and the analogy is apparent