Rarely do I ransack the repository for resources, without wrangling with retards. The ruction that ensues, following my rally, always ratifies the recovery of rare artifacts of estimable riches. Upon such said roaring triumphs, “The Fly” rakishly ruins his rattish rivals, roisterously rolling over ribbon wearing rabbits, while routinely chewing on a roll gorged with rare radishes and red robster.
ROFL, indeud.
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take another bong hit
What ur talking abt:)
May I suggest a Raconteurs video embed?
http://www.youtube.com/watch?v=mm4_htUbgrU
My thoughts exactly Fly, INDEUD[sic]…
…and the Raconteurs clip is an excellent idea.
I come here for the poetry and culture.
Today was classic poetic fly.
Rut Roh …. you forgot the relish!
That always happened to me with the peppermint schnapps.
is this FLY’s “R” version of V’s diatribe (as in V for Vendetta)?
Nice.
But may I suggest a Ratatat video embed (instead of The Raconteurs): http://www.youtube.com/watch?v=Fk8qcGOtBFw
Fly:
You must try California Spiny Lobster, go for a live 2 1/2-3 pounder, then have ’em detach, split and grill the tail (with lemon butter marinade).
It is a whole new lobster experience.
The black death panda pic lives! FXP rides again.
http://www.marketwatch.com/news/story/Asian-miners-lead-regional-stock/story.aspx?guid=%7B9C68B081%2DB648%2D4369%2D94A4%2D8B44F483468B%7D
By the way,
Rajun Cajun suggested some S today, I bought some at the close, then…lo and behold, Cramer talked about how great of a buy it was for 10 minutes on Mad Money.
My S position=lottery tickets.
I dumped my short GS position yesterday between 15-16. Still holding calls in SRS from Friday.
GS was stronger than wolf pussy today, jamming up into the high 19’s, when the market was down -198 points.
My conclusion?
GS is “golden”…..(like a turd that is spray-painted gold).
The O-Government PPT team is all over that p.o.s.
wolf pussy
V for Vendetta?
Or possibly… R for Raucous Ravings on this Ridiculously Retarded Recession.
RATATAT! I LURVE RATATAT!
REWRITE!!!
___
Lou Womens got killed by the Husky Huskies, so I got a chance to flick over to mindless “E” newz…
Check this shit out. That goof who played the stoner “Kumar” in “Harold and Kumar Go To White Castle?”
He’s going to work for the Obama administration.
You prolly know the first thing that popped into my head…
I sure hope he paid his taxes…
___
Rock robster really rotten. Rasorial, rancid, ranarian, rebarbative, rejectamenta, rufous and reptant!
Kal Penn????
In Toronto tonight:
“Cramer is a buffoon,” said Roubini, a New York University economics professor often called Dr. Doom. “He was one of those who called six times in a row for this bear market rally to be a bull market rally and he got it wrong. And after all this mess and Jon Stewart he should just shut up because he has no shame.”
Allright! ‘mudkips’, I was hoping I wasn’t alone in my fandom!
Infinity karma points for you.
(But -1 for not noticing the same video embed just a few comments above yours!)
Has Obama seen this?:
http://www.youtube.com/watch?v=4TzD0CYt7po
shamwow!
http://www.youtube.com/watch?v=J2X7VB-wkz8&feature=dir
V for Fly
US Gov to ban short sellers… yahoo fin
Cheers to Roubini.
If they ban short sellers, mark my words, inside of three months the market will dive 25%.
Short sellers provide a bid. Without that bid: ELEVATOR DOWN.
^^^^^
AGREED!
___
(I think Pakistan lost some 27% after an initial 9% up. Is this what we have become? Third World stupidoes??)
__
Just when you thought the banks could not fuck themselves anymore, BAM!!!
http://www.nydailynews.com/news/2009/04/07/2009-04-07_iranian_nuke_plot_vaporized_in_the_city_-2.html
DPeezy: HAHA AWESOME! yeah i got super excited when i saw the title, hahaha.
2008 had some fantastic electro-rock. <3 to Crystal Castles
One thing for sure, frenetic change causes more price instability than short sellers.
Meat, on top of meat, on top of more meat.
“Schapiro confirmed that another option being considered, in addition to reinstating the uptick rule, is a sort of “circuit breaker” for stock prices. That approach would force short sellers to sell shares above the going market rate when they execute a short trade — it would only go into effect after a stock price has had a sharp decline by a certain amount.
Another option, known as an upbid rule, would allow short sellers to come in only at a price above the highest current bid for the stock.”
I’m thinking of giving up trading for this sport.
http://www.youtube.com/watch?v=vIQMQfM41R8&NR=1
The Loan Shark Bank of America:
http://app.businessweek.com/UserComments/combo_review?action=all&style=wide&productId=27421&productCode=spec
“Either Bank of America has more financial troubles than it is willing to admit or it has a level of institutional arrogance that is unacceptable.”
After getting bailed out by taxpayers these guys are raising rates on most consumers a full five points. For cash access they want 26% and they have the right to go as high as 34% under Delaware law.!!!
Not only does the taxpayer have to bail them out but now they have to pay to repair their balance sheet. It’s time for the Treasury to opt out and start to fund new banks.
http://online.wsj.com/article/SB123388681675555343.html
oh hell no, you missed this one:
http://www.youtube.com/watch?v=FQIFQTEafk0
gotta love the overseas markets tonight…down periscope
Well, I jumped on the short wagon a couple days ago so I might delay my new hobby.
Somewhat surprised there hasn’t at least been a chain e-mail or web site urging a coordinated run on a specific bank – bac maybe. Basically a national day of account closings in protest – it would play on itself with other account holders jumping in out of fear. Stock would follow and, with any luck, a message would be sent.
Oh wait, I’m not surprised – I forgot I’m not in Europe where people actually get pissed off. “Well, I guess I’ll just pay the higher interest then, that sucks.”
Re: blaming short sellers, uptick rules, …
These are the morons in charge. They still don’t understand that mother market is bigger than they are and everything else.
Nice, nice. Black Panther is indeed an excellent track.
2008 was fantastic…electro-pop (The Bird and the Bee, Empire of the Sun),-rock (MGMT, Goldfrapp),-everything (NIN, Justice); it was all out there. Good vintage that 2008, for years to come.
These negative futures and indexes down 200 points….they are all fine and dandy, except none of my friggin’ equities are going down!
Not enough to rock my short world, anyway.
I still ask, why was GS up all day?
Total garbage.
Hey, seems like stopping a hurricane or a comet works in hollywood.
“SEC is floating options to limit short sales”
http://finance.yahoo.com/news/SEC-is-floating-options-to-apf-14876625.html
I understand bringing back the uptick rule, but this is un-fu-king-believable.
Re: Rat-a-tat-tat
“Rah-rah-rah.”
I needed a little musical interlude tonight.
Thanks Fly & DPeeeezy.
BTW, backblogging and glad to see Boca back,
Buckaroo Banzai-style.
BBTW, agree with the soundtrack of 2008, though the music needed to be great ’cause most everything else sucked out loud.
But I digress. Check out Beirut for a musical palate cleanser.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aKek2m1Bg9f4&refer=home
Poor is cool
Name of the Year regional matchups are set! Go vote! It’s the best thing outside of the real thing (and of course the iBC version).
Like this and like that…
Rat-a-tat-tat OG style with Dr. Dre and Snoop
http://www.youtube.com/watch?v=QDPgsgHzn8g
SuWu!
Fly, this doesn’t sound as though the economy is fraud at all.
SHANGHAI — General Motors Corp. and Daimler AG’s luxury brand Mercedes-Benz said their sales in China rose to a monthly record in March, despite a global slowdown in auto demand.
March was Mercedes-Benz’s “best ever” month in China, with sales rising 50% from the same period in 2008, Mercedes-Benz (China) Ltd. President and Chief Executive Klaus Maier said Wednesday.
“I think it shows confidence in China is back,” Mr. Maier said at a briefing on the launch of Daimler’s existing Smart minicar in China. “Entrepreneurs in China are positive and are in a good mood.”
In China and Hong Kong, 11,800 Mercedes-Benz vehicles were sold which was up 22.6% from the 9,626 units sold in March last year.
Daimler’s strong China sales come amid a decline in overall sales caused by the global financial crisis.
April 8 (Bloomberg) — A congressional panel overseeing the U.S. financial rescue suggested that getting rid of top executives and liquidating problem banks may be a better way to solve the economic crisis.
No.
The Congressional Oversight Panel, in a report released yesterday, also said the Treasury may be relying on too rosy an economic scenario…
Say it ain’t so.
Jimmy bowtie says Asia will recover before US.
ELMER FUD HAS BEEN MASQUARADING AROUND AS BARNEY FRANK–
No Shit S
The congress is using that as a way of providing themselves political cover in case that ship sinks. Anything those fuckers come up with needs to be ignored as they’re too dishonest and far too stupid to ever be taken seriously.
aliteration
Invest in pot!! Suh-weet!
http://thestockmasters.com/node/1281
Anon
With all our goverments broke they will be looking for new tax revenues. What better way than to legalize and TAX drug use. But how will all the dealers afford those chrome wheels for their rides?
Flaps —
Re — your clip. That dude who plays Harold is going on to a much better job…
“Sulu” on the new Star Trek prequel!
And the dude from Shawn of the Dead, Simon Pegg… is playing Scottie.
“We’re gonna need more pow’r Cap’n!”
_____________
__________
what the hell is all this MBA bullshit about. So what if applications rose. How many of those applications were actually approved for the loan? According to fed statements yesterday. We have a contraction in the credit market. These fuckos aren’t painting the whole picture. SRS should be at 100~!
But how will all the dealers afford those chrome wheels for their rides?
They still have other products for sale. Their sales won’t be greatly effected
I’m gonna watch this one today, Seriously considering buying this.
http://ca.us.biz.yahoo.com/iw/090403/0488430.html
JR
investors and market watchers from all over the world gathered in San Diego last weekend to honor Richard Russell, who has been writing Dow Theory Letters for 50 years.
The evening was filled with warm tidings and cheerful tributes, but not when it came to the market.
As in the accompanying video, Russell pulled no punches when he was (inevitably) asked for his views on the market: “This bear market will be deeper and longer than most people think,” said the legendary market watcher. “People got optimistic too quick” about the recent rally, which he says is doomed to fail. “None of the characteristics of a major bottom” are evident, most notably dirt cheap valuations.
Russell’s recommendation: “Stay on the sidelines,” in cash or gold, the multi-year rally in which won’t end until there’s a “speculative explosion” in the metal, he says.
Shut the Fuck up Cramer. Yeah the shorts caused the banks demise, give me a fucking break you asshole
T Moe you are being to kind to the fucking JO “Team Player”
Russell’s recommendation: “Stay on the sidelines,” in cash or gold, the multi-year rally in which won’t end until there’s a “speculative explosion” in the metal, he says.
It’s a pretty sad freaking day on this planet when the only three people bearish of gold are me, Flymeister and the dreadful dog.
Don’t mind the fly’s company, but the dog? fme.
J — RE: your “gold confusion.”
What was it “Old Turkey” said to Jesse Livermore?
After all m’boy, it is a bull market…
_______
And don’t feel so bad. MON is my second largest holding, and DD’s been on it like stock leprosy for the last two weeks.
__________
FOE just exploded…anyone for a price target?
Yea, You’re probably right , jake. It’s just that there seems too many idiots who are long of the yellow metal and are scared longs. They need a good decent thwacking.
I know you’re long term and you’re possibly right. But the other fuckers need a serious beating.
Listen, my peoples, either stop watching Cramer or stop bashing him. His job is ratings – you watch – you give him ratings. Who is the idiot?
attacking the shorts again!!!!!
The SEC is changing the rules on short selling. This is bullshit. If they want to bring back the uptick rule then go ahead but don’t change the rules when it comes to short selling a imposing a circuit breaker when their is a run. Stocks are shorted for a fucking reason
What is illegal about buying puts then shorting the stock?? The banks do it all the time to increase leverage
TEST!
Jake,
I’m guessing you read Reminiscences of a stock operator.
If so, Can you clarify something for me…
I’ve read that this book is completely fictional and I’ve also read that this is semi-fictional. Which one is it?
I’ll be reading this one in a couple of days, after Market Wizards, and need to know where this falls prior to reading it.
JR
Johnny
I think it’s semi fictional and he died a pauper or he blew his brains out in the Bar beside the Pierre hotel NYC.
Jonny here’s one for you from Livermore
“The speculator’s deadly enemies are: Ignorance, greed, fear and hope. All the statue books in the world and all the rule books on all the Exchanges of the earth cannot eliminate these from the human animal.”
Fly,
Why did you take Carl Denniger off your blog roll?
Now this is freaking interesting:
On March 28, 1933, Livermore married the 38 year old Harriet Metz Noble in Geneva, Illinois; there was no honeymoon. It was Harriet’s fifth marriage, and all four of her previous husbands had committed suicide.
From wiki.
It later became five.
TraderBob…Fly likely removed Denniger because Denniger’s posts are pretty much all the same:
1) The end of the world is coming
2) everybody has AIDS
3) We are all gonna die
After a while…it get’s boring. I can;t blame the Fly for removing him.
Johnny — I’m going to guess that it’s his own “stories” in that they are his recollection of how things happened to him.
I certainly would not be surprised if there were some embellishment involved, but given that they were published anonymously, I think there was likely enough truth to them that publishing them under his real name would’ve caused him and some associates embarrassment.
With regard to him killing himself, that was years after the book was published, and I think it’s rumored he made and lost four or five fortunes over his career.
I think the Depression-era Bear was the one that got him, which is instructive. That period was a lot like ours, in that there were a number of shorter bears preceding a major bear (that came right after the largest boom in history to that point). Sound familiar?
_____________
“Rawcus”…fwiw, the Market Wizard books (there are 2 of them) by Schwager…
…are far superior (to “Reminiscences…” in terms of trading insight. imo
——————–
I’ve read and reread my copies…and still refer to them frequently.
.
Thanks J and TMOE!
I’ve heard he went bust a couple of times and eventually died broke. Blowing his brains out is new….lol
Seems this guy had some sort of self destruction…
J — thats’ interesting… one wonders if Mrs. Livermore was way ahead of her time with the “assisted suicide” routine, or if she was just the biggest biatch on wheels to ever come down the pike?
__________
Fly took Denninger off because he ripped off “Asshat Awards” without attribution.
He is, hereafter, scum.
_________
“Cramer is a buffoon,” said Roubini.
http://apnews.myway.com/article/20090408/D97E86U80.html
Thanks Jake!
Alf44 – I have the second one too, was gonna read it after the livermore story. It’s funny reading the 1st Market Wizards book. Some traders thought it was the “end of the world” during the 80’s crash.
JR
I addressed the Fly about Denniger not you commoners. Keep your peanut gallery comments to yourself. I’m waiting for the Fly to respond.
Under one proposal, if a stock fell by 10 percent or some other amount, a circuit breaker would kick in and trigger the application of the “bid test.” This approach has the support of the largest U.S. exchanges, the New York Stock Exchange, the Nasdaq Stock Market and BATS exchange.
Then impose the same rule if a stock increases by 10%
Trader Bob is apparently Karl Denniger’s jilted lover. Sorry TB.
I’d recommend buying Market Wizards, New Market Wizards, and Reminiscences of a Stock Operator. Should be in every traders library.
Highly recommend Richard Smitten’s book on Livermore. It tells the whole story and is a good compliment to Reminiscences.
Traderbob,
Trading in the Zone By: Mark Douglas should be in the library too.
REALLY good, IMO
JR
Why are the shorts not nuking the fuck out of this market ?
According to this shitty article from the world’s #1 most reliable financial news source:
http://www.cnbc.com/id/30107738
“The SEC was expected to debate and then vote on issuing the proposals for a 60-day public comment period. There will also be a public discussion of the issues, sponsored by the SEC, on May 5. Any final action is likely months away.”
Doesn’t sound like any of their proposals would take effect immediately! Let’s go bears!
As I wrote before I was trading during the time of the ’87 crash (part time mutual fund trading as described by Gil Blake in the 1st Wizards book).
Yes, many were scared and thought it was the end.
Market makers and just about all on the floor never answered the phones and the market was sucked down like one great big vacuum. The big scare was the next AM when (as I recall) we opened sharply higher, reversed and went down another 10% or so.
Jonny here is a livermore piece
http://www.youtube.com/watch?v=Oom7F-PrGWM
Sully I’m currently working on technology that will allow me to reach through my computer and choke people out who disagree with my opinions. On occasion Karl Denniger, yourself, and the Fly will receive a visit.
Sorry to let you all know that the Fly will not be posting as much as he should be today. He’s in the ER getting his anus stitched up after our altercation last night. He wanted to go short, but daddy went long 20 on him. Please send him your best wishes, as he recovers in agony.
^^^^
WTF?
Degenerate.
Inside Information;
The SEC [Social Economic Comrades] have a new UP DICK RULE: You can’t trade your under SHORTS with someone if you have a hard on !
Trader Bob,
More likely, the only thing you are “reaching for and choking” is your chicken. Good luck with that new technology.
Anon,
I will check that vid afterwork. The firm I work for blocked youtube…
Thanks
JR
My computer acts like an ATM machine.
I put $$ into the DVD drive and send it off to wherever.
I also withdraw $$ through my bank. I push a few buttons and the cash appears in my DVD drive.
I am assuming everybody’s computer does the same.
Just listening to the US head of Toyota. Reckons the US won’t see the old 16 million cars per year before 2015. Long time fellas.
perhaps das Fly is busy on a recon mission with Somalian pirates…??? who knew…
Market movement = blahhhhh blahhhh gyros
The Zombie is currently 50% short DIK. He is looking to make an initial entry into ASS. On a pullback in ASS he plans to aggressively go all in.
Tock Tick, Tock Tick,
FAZ is such a fuggin’ Dick
Waiting to sell, before the bell
Oh whatevah, go to hell
SCO is getting murdered! DXO rocking!