I know a guy who knows a guy who cuts the hairs out of a certain King’s ears. This hard working man is shuttled from NY to Paris, then tossed onto a private jet to a middle eastern King, who pays him to cut the hairs out of his ears.
That’s fuck you money.
Speaking of which, while Obama was busy genuflecting to the Terrorist King, readying to suck his turban for a little Saudi cash, the assholes here at home approved TARP funds for life insurance companies.
Let me get this straight: life insurance companies take their premiums and make malinvestments in the stock market and/or make fucked up loans to fucked up businesses (CRE, C&I, C&D), then we (the taxpayers) are obligated to guarantee their losses? Are you fucking kidding me?
Next up, pension funds. I know someone that manages a billion for a certain pension. Last year, they were busy high fiving each other, at their annual Christmas party, for beating the S&P (“the benchmark”) by 5%. They were down 30%+. Great fucking news for them, no doubt—not so much for Joey Bag O’ Retirements.
Pensions across America, both private and public, are insolvent. They have lost so much money in the stock market; they will be forced to accept Federal dollars over the coming months.
How much you ponder?
The Government will likely “donate” $1-2 trillion dollars, minimum, in order to guarantee losses—thanks to all of the ridiculously stupid pension fund managers.
This country faces a tsunami of losses— and the Federal Reserve’s printing presses will not have enough ink to cover all losses. What is taking place here, without pulling any punches, is outright criminal and only supported by charlatans, like Cramer, who have a vested interest in promoting such egregious activities.
Regardless of what the stock market does in the near future, we, the tax paying moron, will pay for the transgressions of the people we despise. New York state is raising taxes on rich folk: fuck New York. Time to move out. The Federal government wants more tax dollars: fuck them too—find a loophole.
In short, bow down and kiss the feet of the CEO’s of any major bank, for they are your masters.
[youtube:http://www.youtube.com/watch?v=VfEOqknwy2k 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
Must watch. Short selling hedge funds and the global economic meltdown
http://antisocialmedia.net/?p=165
Amen to that! Father Fly’s sermon always entertaining and insightful! Fly is God! I fucking beat Zombie to the line.
What else can we do about this travesty? We couild write to the government, but what good would that serve?
We’re all fucked beyond recognition!
Worth a repeat in this post –
http://www.goldmansachs666.com/
Fly-
Phukin awesome i feel your rage. I feel like my head is going to explde when i see all the injustices taking place day in and out. FUCK EVERYONE!!!!! This world is bullshit!
You should go on the radio.
“The Gift That Keeps Giving” or, Taking?
It’s called; The Fascist Business Model!!
As Benito would say:
“Fascism should more properly be called corporatism because it is the merger of state and corporate power.” – Benito Mussolini.
The big boys in America have to be in an agreement to preserve their massive wealth with respect to the dollar.
No way this Obama neo-socialism, is being allowed to move forward by the big-boys, unless the uber-billionaires have a solid feeling of security in the New World Order.
Something is super/skanky/fishy here.
Five stars. I was ranting about the exact same issue with the insurance companies today.
The PBGC will be asking for more money soon too, some of those underfunded pension plans of bankrupt companies will dump their liabilities on the PBGC.
No doubt Fly. This shit has me really pissed off. I can’t stop thinking about it. What depresses me the most is that I’m not sure that enough of the populace understands what is going on.
All these problems would go away if the average American grew a pair, bought a gun and went on the streets. Alas, we are too busy sitting on the couch, Bud light in hand watching baseball. America, the country that was robbed in broad daylight as its obese citizens sat their fat asses on their pleather couches drinking beer, eating pizza and hot dogs and watching baseball.
The problem lies with analysts lowering their expectations for stocks, so much that when their earnings aren’t as bad or somewaht inline. We have a bullshit rally. Then we have fucking Cramer and his cnbc assclown cohorts writing their optimistic views.
Woodshedder, you’re right. Most of the minions out there have no clue as to what’s truly going on. They’re too poor and too depress to give a shit.
I strongly believe it’s the government that’s been buying up all the stocks, trying to create some sort of momentum for the longs. Today’s a good example. Had we had a 3 day losing streak, it would’ve posed badly affect how the bulls will trade. They need to break the cycle, before it happens. I know it’s a long posting, but that’s just my view.
WTF?
How can this guy bow down as a Muslim to a Muslim, and then have a Seder at the white house?
I dunno….but this strikes me as rather sacrilegious.
Since when does a goy throw a Seder, anyway?
Bastard!
Bernie Madoff says: I love the SEC – great bunch of guys. I’m glad that I didn’t own stock in LEH or BS or any stocks. Yeah, Michael Moore will help – HA HA HA HA HA, cough cough, stop it you are cracking me up!
The government is getting us into C, BAC, WFC, JPM, AIG, FNM, FRE, GM, Chrysler, HIG, LNC, PRU, TLT, COF, AXP, GS, MS ect….
Isn’t this kinda like what Japan did?
But Japan had bad demographics and we don’t, right?
What do you think is going to happen as the baby boomers retire and start drawing on Social Security and Medicare, you think we are spending a lot now with 4 trillion!!!
You ain’t seen nothing yet!
yeah it’s prob time to move out of staten island. why not head over to greenwich or new canaan? there are of people bleeding in those towns willing to downgrade.
I saw a play once called Guess Who’s Coming to Seder?
This brings new meaning, no?
It is a clear violation to me, and I’m not even jewish.
Maybe I’m too old to get it.
Maybe it’s like texting, iPods, video games, and facebook….the electronic multi-tasking of our youth.
So the black Muslim goy has a Seder at the White House…it’s ALL GOOD….he’s just religiously multi-tasking!
L’Chaim!
Okay … I’m in the shit tonight … the good shit. 8)
I keep asking myself when these fucking bailouts are gonna stop. I hope all you fuckers realize we’re ripping off the next generation. Our kids are gonna pay for this shit.
Despite all the BULLSHIT from CNBC, we’re NOT planting any new gawd damn mustard seeds. By this time next year, we’re gonna see angry crowds with pitchforks and torches in americas largest cities. You fucking mark those words down!
BTW, Fuck you all! Fuck you, that’s right … Fu-Fu-Fuck you!
10:27pm EST/Today 02:27am GMT
*(US) NYT REPORTS THAT ALL OF THE 19 US BANKS THAT HAVE BEEN SUBJECT TO STRESS TESTS WILL PASS THE REVIEW.
but who needs the added capital?…
ROFL
SHOCKER!!!
That’s it. I’m learning Chinese and going to China 😛
But seriously, though they might be suffering from unemployment right now, due to a hard-hit manufacturing sector, they are still poised to grow like crazy. Maybe not immediately, but easily within most of our lifetimes.
They have many things going in their favor. Their currency is getting stronger and will continue to do so as they start to cultivate their own economy and wean themselves off relying so much on exports.
They have tons of saved money that they can and are putting to work. $550+ billion of it over the next two years. They are focusing heavily on building infrastructure which is something they need anyway, hence them buying up and taking stakes in steel makers and other commodity producing names. This will lay the groundwork for businesses to come in and grow around. Eventually, that will put tons of people to work. And that creates wealth.
Their government is small and can move quickly to address issues without bullshit politics. The Chinese are extremely hard working and emphasize education.
They have our entire economic history, along with many others, to learn from and guide their policies. They have modern technology and a population that is familiar with it.
If somebody has points otherwise, please let me know ASAP, as I am about ready to ZZZZzzzz….
Fly, Isn’t that precisely why you were south of the border … preparing to become a Southern Gentleman?
So where you moving to and how soon? Best to move this summer so the kids can get acclimated and make the transition to their new surroundings and school.
Ahhh, a southern gentleman, a plantation estate, magnolias, cotton fields, a southern belle and a buyout of a retiring MM … Success!
somting wong:
“But officials are worried about how the market will react to the stress test results if there is not a clear recovery path for a bank that is deemed to have a large capital need.”
First thought – Reuters starting a sentence with “But”?!
Second thought – HOW can anyone read this to say they all passed – more like – they all will be GIVEN a “pass”.
Funny when shit like that leaks – probably will be redacted soon.
whole story:
http://www.reuters.com/article/marketsnews/idINN0747118320090407?rpc=33
As Karl Marx might have said: since the first Depression was a tragedy, the second one must be a farce.
The White House is considering asking taxpayers to invest in the bank bailouts that they are already financing.
http://www.nytimes.com/2009/04/09/business/09fund.html?ref=business
I can smell it … the shit is up! We’re at the fucking cuss of something big.
Prepare for the generation bottom … it’s coming!
Bank on it!
in the meantime ~
http://www.youtube.com/watch?v=FWOsbGP5Ox4
Got the Southern Belle already. I don’t know how some of you fuckers marry Yankee girls, but God bless– and I hope you get “permission” for poker night this week.
Only reason to move South, really.
That, and the weather.
Oh yeah, and the taxes.
And the growing economies.
Um, and the nice people.
Oh, and…
MOOBER’S HERE TOO!!
___
Fly,
Do like all the celebritards and join us here in Florida. No state income tax.
Oh, you don’t actually ever have to show up, just own a house and claim residency.
BTW, we’ll pretty much give you one – PLENTY to go around.
Probably cost less than NY state taxes.
Sure, I’ll move to Florida so Alligators can chase me around my house on garbage night. No thanks pal.
Maybe that is why Goldman was beaten down today…they didn’t pass the stress test!
Goldman is the Gold standard.
God be with us.
Fly, North Carolina is the place for you.
And biscuits
And sweet tea
And southern rock
And meat and threes. Have you ever eaten at a really good meat and three? Sweet Pete, heaven.
I believe that MOOBER and Jake are what we true Southerners refer to as Damn Yankees.
You fucking hillbillies are better off reenacting the WAR OF NORTHERN AGGRESSION than fucking around on this site.
But at least they have great tastes!
Hey MOOB, great video.
If I move down south, I am going all the way—moonshine south. Fuck all of the progressive asshole cities in NC or VA.
I will move to BBQ sauce and pick up truck south, just for shits and giggles.
Indeud. My friggin last name has way too many vowels in it.
“Is that eye-talian or maxican?”
Who am I kidding? I hate it here.
___________
But the biscuits keep me here.
another “Shocker”
Nikkei:
– North Korea may have transferred enriched uranium to Iran.
New pic of Obama kneeling.
Fly, Virginia is the moonshine capital.
More moonshine made in Virginia than the other Southern states, due primarily to our access to the northern cities and their yankee money.
Looks like we are gonna have a hella rally tomorrow.
We have Jack Daniels. And I think herb was our #1 cash crop last year, if I am not mistaken. Oh geez. Now Danny’s gonna move here too!
Wood
I am not interested in the quantity of your faux southern bullshit VA moonshine. Everyone knows, VA is to the south as the Bronx is to NYC.
And a lot of the bars up north are just like this.
http://www.youtube.com/watch?v=BZX-sUGWt6o
He has a point, Shed.
Here’s my hometown’s Civil War story:
http://en.wikipedia.org/wiki/Second_Battle_of_Franklin
You won’t get any argument out of me about that Fly. Most Virginians are about as Southern as DC residents.
I’m a Charleston, S.C. boy. Remember, the War of Northern Aggression was started right off shore of my fair city.
The south will rise again. Northern cities with idiot liberal leaders will inflict financial burdens against its working citizenry (higher taxes fees and other constraints) to fund failed social programs. That combined with increasing violence and hopefully anarchist riots will encourage a mass exodus to more hospitable environment with more freedoms less taxation and opportunity…Mint Julep anyone
I will join the South, no different than Gen. Arnold, in order to lead the assault on Col. Cramer’s Fort.
Also, I am big on declaring war on the Mid-West. Those fuckers have skating through history all too quietly.
Must be all the casserole. Not likely to get too dangerous with all that casserole filling up the gut.
*sips* *grins* *sips*
Direct route.
The only decision left is:
Economy, Premium, or Elite?
http://www.flatrate.com/
Good stuff MOOB.
Used to live on 3 acres, a mile or so south of the Battle of Secessionville. The hospital was located just off our property. I found all sort of hospital trash like thimbles and apothecary bottles, and scissors.
http://www.awod.com/cwchas/lamar.html
Here is a map. Used to live just under the R of Military Rd.
Batallion Dr. leads to the fort and battlefield.
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=Battery+Island+Dr,+Charleston,+SC+29412&sll=37.0625,-95.677068&sspn=33.214763,78.134766&ie=UTF8&ll=32.696058,-79.957402&spn=0.008614,0.019076&t=h&z=16
I miss that area of the country.
Just when you thought you have had (or he’s done) enough:
http://www.drudgereport.com/
Obama is making the illegals LEGAL.
More important than health care!
* Delay would avoid 1st quarter results period
* Source: Treasury still mulling stress test disclosure (Adds details on stress tests, byline)
By Karey Wutkowski
WASHINGTON, April 7 (Reuters) – The U.S. Treasury Department is planning to delay the release of any completed bank stress test results until after the first-quarter earnings season to avoid complicating stock market reaction, a source familiar with Treasury’s discussions said on Tuesday.
The Treasury is still talking about how results of the regulatory stress tests on the 19 largest U.S. banks will be released, and may disclose them as summary results that are not institution-specific, the source said.
The government is testing how the largest banks would fare under more adverse economic conditions than are expected in an attempt to assess the firms’ capital needs. The tests are due to be completed by the end of April, but Treasury has said they may be finished before then.
The source, speaking anonymously because the Treasury has not made a final decision on what to disclose, said officials do not want any test results released before the earnings season wraps up for most U.S. banks on April 24.
Treasury did not immediately respond to a request for comment.
http://www.reuters.com/article/marketsnews/idINN0747118320090407?rpc=33
You guys/gals have alluded to these issues in posts and may know of this web site, but it is an interesting read prepared by the CEO of overstock.com:
http://www.deepcapture.com
We the taxpayer are getting skull fucked. This will end ugly. The more the government intervenes the more fucked up the result is months down the road. This administration is ridiculous. Geith, Bernacke and Summers need to go.
WFC just skull-fucked all shorts…wow…
Woe unto those that did not take any small gains or reclimation of losses on inverse finacials yesterday. Woe unto whoever has all of those 7-8 puts on WFC as well. I gotta ask… now why did that happen.
Oh boy, tough day for all FAZ holders… Fly by my account you should have at least 10,000 shares, correct?
Bend Over now, and get ready to take it like a Southern Boy….
Banks will fly over this.
April 9 (Bloomberg) — Wells Fargo & Co., the second- biggest U.S. home lender, said first-quarter net income was about $3 billion and that results at Wachovia Corp., acquired about three months ago, were exceeding expectations. Shares of the bank surged in early trading.
The profit, of about 55 cents a share, compares with net income of $2 billion, or 60 cents, a year earlier, the San Francisco-based lender said today in a statement distributed by Business Wire.
Wells Fargo joins banks including Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. in saying results improved early this year. Wells Fargo’s ratio of tangible common equity to tangible assets was above 3.1 percent as of March 31, the lender said.
Donny – should have stayed with the FAS/BAC play, no?
Oh, you don’t actually ever have to show up, just own a house and claim residency.
They are getting a hella more strict about this. You actually have to be there more than six months out of the year. No big, but still.
Sure, I’ll move to Florida so Alligators can chase me around my house on garbage night. No thanks pal.
Could you be any more stereotypically a New Yawkah?
Serious, this sounds like something Jerry Seindfeldt wrote for one of Mrs. Seinfeldt’s neighbors during the “Jerry Moves Ma to Florida” sketch.
Unless you are moving to Sanibel Island (nice place, btw), you don’t have to worry about gators.
____________
JakeGint Says:
Got the Southern Belle already. I don’t know how some of you fuckers marry Yankee girls, but God bless– and I hope you get “permission” for poker night this week.
Only reason to move South, really.
That, and the weather.
Oh yeah, and the taxes.
And the growing economies.
*****************************************
How about the fuckin’ inbred drooling morons whose sister is their mother, and who love guns and Bush and NASCAR and war and Jingo and the subsidizing of Jap companies, while hating unions, blacks, and English class?
Fuck the moronic hillbilly South. Abe fucked up by not letting the assholes secede.
We have Jack Daniels. And I think herb was our #1 cash crop last year, if I am not mistaken. Oh geez. Now Danny’s gonna move here too!
We have the good shit that Jack Daniels ripped off. Oh, and we have the company that owns Jack Daniels.
And Woodford Reserve, which is the real shit.
As for pot, I’m told it’s the reason why Woody’s relatives now are the biggest moonshine producers, rather than my wife’s.
Save for maybe Hawaii, I think we grow the most in the U.S.
Do not go into them hollers, crackah.
__________
FAZ-ers are F*CK-ed, SRS-ers along with them. Told you over and over – banks are going up.
How about the fuckin’ inbred drooling morons whose sister is their mother, and who love guns and Bush and NASCAR and war and Jingo and the subsidizing of Jap companies, while hating unions, blacks, and English class?
Fuck the moronic hillbilly South. Abe fucked up by not letting the assholes.
Sounds like someone got the “talk to the hand” from a pretty Auburn co-ed down at the Florabama his final senior year Spring Break…?
Listen, I understand. Incredibly hot women, nice climates, low taxes, perfect children-raising type territories aren’t for everyone.
Some of us prefer dealing with smoggy, over-taxed, freezing, nasty-ass traffic-clogged regions where they can grab a pale, fat women with attitude problems and a grating accent.
To each his own. I’m just glad it’s worked out for you, and that success is reflected in the upbeat personality with which you’ve graced this board.
___________
FAZ trading @ 13.84 in premarket…SSHHHIITTTT!!!!
Jake,
Just tyring to get SOMEBODY to buy a house here.
Fly,
The only “gators” I see down here are those ugly-ass Crocs that all the New York transplants wear as high-fashion.
That must have been why they were banished to Florida.
Everyone knows, VA is to the south as the Bronx is to NYC.
After November’s election, the analogy is more like “as the Upper West Side is to NYC.”
I think there was some consideration of throwing them out of the South at the last convention, but some of our older members still get teary-eyed about ole Robt. E. Lee, so we tabled the discussion until 2010.
__________
Moobs —
You in Franklin? You know Pagliari down there?
Good man, another transplant.
(Fly — another “target” as well. Cetacean.)
__________
Note to New Yorkers..stay the fuck away from Florida..ya-all suck…and Long Islanders..straight up Fuck You.
I’m a Charleston, S.C. boy. Remember, the War of Northern Aggression was started right off shore of my fair city.
Charleston is the tits, but I’d take Greenville as my #1 choice in all the South.
Kiawah beach house, of course. 😉
__
Cash —
You’re a little late, pal.
There were prolly more Lawn Guylanders in Florida than natives on the day you were born and the situation has only gotten worse.
You been down the lower east coast recently?
The baaaarrr Mrs. Seinfelt, the bar!
________
For Jakes eyes- HSBC upgraded RGLD this AM (underweight to neutral).
But then again you probably already knew this.
… and this is why I am basically a daytrader only.
Don’t need no stinkin’ surprises with the futures.
Pile on the breakout or fade it? FAS is up 22% pre-market!! VIX at 2009 lows.
Jakegint….nevertheless…fucking most annoying idiots i have ever met…so again Fuck them hard…asswholes.
Yes, Franklin. I don’t know Pagliari, but will look for the name.
jake:
What part of NYC do you live?
Jake,
Just tyring to get SOMEBODY to buy a house here.
Understand. Just keep in mind that Florida has been boom and bust since Flagler drove that rail line down to Palm Beach over a hundred years ago.
They’ll be back, that’s a certainty — just stay with the cycles.
It might even be time to start “tasting” on the West Coast. I’m told the Ft. Meyers area is a “two for one” joke.
_____________
go rebuild a shit duplex on a dumpy street in Long fucking retard Island…who is planning to go there for a vacation..Haaa…shit hole haven.
I used to go to Sanibel Island as a kid with my parents in the ’60s before they had the causeway and one had to take a ferry. No condos, and just a few mom and pop motels.
When they built the first condos in the late’60s (along Perriwinkle Way) on the Gulf my Dad took a look.
I remember him coming out say “$28,000? No way. It’s overpriced”.
The hamptons are great Cash and G.
HSBC upgraded RGLD this AM (underweight to neutral).
But then again you probably already knew this.
Knock me over w. a feather… they were co-book runner on the underwriting.
Nevertheless, I dabbled yesterday when it got below $38. I really have too much, but it’s one of those names I have a “certainty” about.
________________
Cash — why do you think I don’t live there anymore? It’s a horror show.
J — have not lived in NYC for over ten years now. Grew up in Lawn Guyland.
_______________
The gators are manageable. Just don’t let the kids play in the ponds and streams. Fenced in pools are everywhere. We’ve estimated there are 500,000 American crocidiles in my neighborhood. Back off the endangered species list. They generally avoid humans though and for good reason.
I remember him coming out say “$28,000? No way. It’s overpriced”.
Ouch.
Well, you can get a “decent” price there now.
Just watch out for the big ass gators. Nine to twelve feet is not uncommon, thanks to the retard “friends of the animals that want to eat you” overly rich, minimally smart residents.
____________________
China’s government said executives of its state-owned banks and insurers are paid too much and ordered them Thursday to cut their salaries to promote income fairness amid an economic slump that has wiped out millions of jobs.
Executive pay for 2008 at financial institutions, which many are still calculating, must be cut to 90 percent of 2007 levels, with deeper reductions at those that have financial trouble, the Finance Ministry announced.
You reckon they’ll argue back? Somehow my hunch is they won’t.
OMG —
You live on Sanibel?
_________
ft myers is the bronx of the west coast.
Bought 11000 FAZ @ 14.07.
this thread degenerates… fly please come out and say something… like what did you sell this morning because of the egregious losses…
Indeud
Speaking of reptiles. Did you know that Komodo Dragon hatchlings take to the trees as soon as possible to avoid being cannibalized by adult Dragons? It sort of reminds me of what is happening to our country now at an extremely viscious level. The way I see it is there are some extremely reptilian types in DC and New York who are cannibalizing the children of America by borrowing from the Federal Reserve and stealing the money.
Round em up and hang em high.
Was a little spooked in the office this morning. Not everyone was in, so it was quiet, and then I heard this eerie keening, like a wounded gull way off in the distance.
Started getting somewhat freaked until I realized it was just Anton screaming from the West Coast.
__________
So much for that huge WFC 11 April put BOT that happen last week. Who ever is holding that position is hurting right now.
I say fuckem. Bought FAZ @ 14.03 to average down
Massive profits will screw the banks politically.
Don’t go reporting huge taxpayer subsidized profits while unemployment is still going vertical.
ottnot:
So let me get this right, the banks are screwed if the make profit and screwed if they lose money.
You’re probably right, but it’s really fucked up.
Trade what you see not what you believe.
The market never cares about ones opinion.
To do otherwise is a prescription for disaster.
Need to trade like Secretariat with blinders.
He did not bow? What is it? Bow and lie? He referred to the American peoples as his “constituents”.
stupid like a fox.
they already got a shitton of money, and while it may get worse, these profit numbers provide a good counter against their current primary threat, nationalization. it would sound really stupid to joe sixpack if we nationalized “profitable” banks.
Moobs —
Realized I had a typo — put an “a” as the final vowel, not an “i.”
Damn Eyetals.
________
This is cool.
http://bp2.blogger.com/_ZkSSURCm3FI/SI4DkpS8Z_I/AAAAAAAAABs/PTKM2sSTbDw/S220-h/skulls_dees.jpg
Heard your NEWS REPORT, you know you’re falling short.
Pretty soon, we’ll trust you for the weather.
When that ship comes in, you won’t know where it’s been.
You got to try to see a little further.
SFLY goes through 11 test’s 12.50 never sees under 10 again!
If banks are making profits, we will see sector rotation into financials. $BKX appears to be breaking out. We could potentially see a further 50% upside in banks from these levels. FAZ could get to $2 and FAS to $18.
I’m pounding the table BUY SFLY under $11 here
Going to $12 before earnings
oops
the short interest in banks was still pretty big. not surprised to see them up like this.
Got in SFLY @ 9.99 couple days back
Thanks Henry
If a company is making record profits does this mean they should be bailed out? What the fuck!
Sold 2/3’rds of FAS position @ $7.51.
Woaaaaaaaaaaahhhh take the money and run… oooh yeah!
____________
We have just outdone CHINA. Manipulation of numbers at its best. Could this be the next bubble? If walmart is doing bad and the only way to make money is to get money for free and loan it out to people that are bailed out by the government you have to be a jack ass to fall for this shit. To me the plan is to cause a massive short squeeze and change the law so the shorts can’t get back in and control the game. Yes price is the only thing that counts but price is still in the neutral zone. This shit will all show itself next week. Who knows what big brother will say this weekend?
Henry I like your SFLY and would add CREE is in a nice uptrend with earnings in two weeks…people looking for a new growth driver and LED lighting could possibly be one….
also volume in URE April 3 calls now equals open interest versus about just 1,000 yesterday….there is now a lot of incentive to spike the stock between now and next Friday…3’s are 20 x 25 and 50-50 chance you could see a 40 cent print before expiry.
any chance BAC pre-announces next week? WFC makes it more likely, no?
good luck
gapping
Wells Fargo was one of the banks that was forced at virtual gunpoint to take the money by Hank. They didn’t want the money and they are paying well over what they need to for it :5%. They were also told they couldn’t pay it back by these morons. Take it up with treasury. The US taxpayer is making a great return from these fuckers. So stop whining.
Iran says running 7,000 enrichment centrifuges, http://tinyurl.com/cnhef8
LDK looks interesting right now
Bullshit J, no one had to take it at knife point. That’s a fucking lie. Don’t be fooled by those lies. They said this because they were going to disclose who took the fucking money. The US taxpayer isn’t going to make dick, they never have and will not. Its a fucking charade.
I am having a lot of luck with this brand new 5x ETF. Brand new. The ticker is BOOM. I’m up maybe 160% in 4 weeks.
You guys should look into this ETF. There’s easy another 50% left in it.
😉
MOOB’s a short here, at $11.66.
Don’t get yer hands blown off again.
__________
Oh Okay so Obama refusing to take it back from dome of them is bullshit, right?
The O’man is lying, Geithner is lying, Wells and GS are lying….They’re all lying. You’re know this of course because you’re channeling the truth spirit?
Woodshedder,
If they don’t understand, their stupid! Plain and simple. I’m all for riding the trend and all that, but this whole debt, unemployment ect with people all giddy about the prospects for the economy and the market shooting up because WFC is hiding the truth and the the banks have to do well and will cause the Government has it figured in to their calculations and they can not fail. Whew! (wiping perfectly formed forehead)Why do you think the bankers are all smiling all the time? This upcoming “stress test” is already written down somewhere and just waiting to be published. This administration will do whatever it takes to prove themselves capable and right, the future be damned!
Fly,
Great call on Wells Fargo last week.
Massive put action as you said.
j
You are in a fantasy land if you think that the tax payer is making a return. Yeah right! We will never see that money
Jake,
You’ll hear no screaming from me, just a “fuck,” and then, in keeping with the nihilistic movie character references, the near whisper of “It’s all a joke…”
Mostly cash, so I’m not participating in the irrational exuberance, either.
You kids go ahead and play without me today.
Fly,
You cut off Denniger for using ASSHAT. Trader Bob awards you the Asswrangler award.
1. asswrangler one who spends their time wrangling ass (in other words, wasting time doing nothing).
Timmy, aren’t you ever going to do any productive with your life? You’re nothing but an asswrangler.
I’ve taken a little off, Jake.
Summers and Geithner work for the banksters – they are bought and paid for – that’s all – bet on the banksters.
WOODSHEDDER:
The reason the masses in the West are so ignorant about what is going on with the new world oligarchy, the corporate Fed, and the economy is due to two things —
1)The deliberate dumbing down of America (see http://www.deliberatedumbingdown.com/ ). The Rockefellers and others got their hands into the educational book publishing business long ago… among other things…
2) The consolidation of all major world media into five media corporations — http://www.takebackthemedia.com/owners.html. Again, the Rockefellers and their kind have gotten their hands into much of this, as well. David alone has controlling stakes in ABC, CBS, and NBC. The Rothschilds also participate.
Once these oligarchs controlled the currency, the public education system (part of Marx’s Communist Manifesto), and the mainstream media — they decided to take what was left and cripple the economy so that they could rebuild the world economy in their image, to give them control of ALL.
And if you don’t like it, you can be dead in your shitty plastic FEMA coffin. Isn’t life grand that people are so thoughtful and have such vision?