I guess Meredith Whitney was right: don’t short banks into earnings, especially since they are being gifted money. It’s not a secret, my FAZ/SRS/SSG/SCO/FXP positions are being blow the fuck up, under a cloud of happiness and sheer joy—all thanks and praise to the King of the House of Saud.
At this stage, I just have to endure the needles in my eyeballs, until a brighter day of gloom and doom is upon us. With that in mind, I shall endeavor to take profits on the myriad of crap stocks populating my portfolios.
On a day like this, extreme melt up, we are unlikely to weaken and trade lower. My best guess, this fucker boot stomps the bears all the way to the closing bell. At the present, I am scouring the market for some swing longs and will execute a few in short order.
Bottom line: If you got caught short banks or anything else for that matter, only a miracle of disaster can save you now. The full wrath of men in pink leotards, “playing the bottom,” will make further inroads into your purse, if you’re not careful.
UPDATE: For the record, it’s rather odd to see the dollar up on a day like this. It goes against the laws of “fuck you, you’re dead” rallies.
UPDATE II: I sold out of [[GU]] at $2.40
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If you got caught short banks or anything else for that matter, only a miracle of disaster can save you now
Tim Knights version:
I’m sorry to see all you people lose so much money and let us all hope for better days.
Have a fun weekend without your balls, bears.
There is a new bull coming soon, you will have a good chance to rebound with your momentum trading, Trend Chasing, and dart throwing.
All those nice bonds you picked up, I’d bet the index will out pace them.
so far the S&P500 is trading within the first 60 minute range. as long as that holds the move is probably in for the day. If we break it to the upside this afternoon lookout
You call me ‘Terror King’ and I terrorize your portfolio …Bitch. HarHarHarHar . Now bow down to me and kiss my feet you eunich. Just like your President ‘Slave’ Obama.
FUCK you longs. Wells fuckign Fargo didnt’ even report their earnings,yet. THis is a bull shit projection. They can say all they want. 4/22 is the real McCoy, bitches!
Wells is fucking Buffet’s,obamas economic advisor, biggest holding. Obviosuly, shit’s goign to get a lot of boost. Next week we’ll see who emerge victorious. Dont’ count the bears out, yet!
Let me be the first to say this. The banking crisis is over folks. It was fun while it lasted. I know some of you will fight it to the very end, nice knowing ya.
QID is building some steam. Hopefully this will seep into the rest of the market.
Poor Dying bear:
Stop the conspiracy theories. That’s for Yahoo chat boards. You may not like the profit but there’s no fucking conspiracy between the O’man and buffet. That’s thruther shit.
Here’s my bet. I reckon they’ll actually come in higher than 3 bill profit.
They can say all they want. 4/22 is the real McCoy, bitches!
Talk about the definition of “false bravado…”
Here’s hoping you’ve got some super-strong fingers. That’s a long time to dangle off a cliff.
__________
Every single day we continue to F the government, banks, insurance fraud parties etc. The publicity is so crooked and leading the majority of the drone population to believe news headlines such as ” jobless claims FALL more than expected”. The real truth is people are exhausting their benefits and being cut the fuck off. So, with that being said, what side of the war is going to have to adjust their books when all the bullshit modifications go into foreclosure and the bullshit FHA refi’s go into further foreclosure ? Huh Huh ?
Thats right banks… So fuck this bullshit rally Im going to hunt down some easter eggs and drink egregious amounts 100 Acre wine, chianti salami & cheesssse. I suggest you try it out.
http://finance.yahoo.com/news/New-jobless-claims-fall-more-apf-14891862.html
This is going to kill the fucking Yen. They’re going to take it out in a coffin made of plywood.
The Commerce Department reported that the trade deficit fell to $26 billion from a revised $36 billion in January, and that the overall volume of trade between the United States and the rest of the world fell
It’s actually not good macro wise. But hey, that’s for another day.
The Yen is going to get a red hot rod up it backside.
Just because Wells the strongest of the strong reports great earnings does not mean the banks are out of trouble. If they used mark to market what would their earnings have been? No one knows and no one will know. It’s all bullshit numbers – $23 billion in loan charge-off reserves tells us the economy still sucks.
The market will close lower today.
Fly- You and the family are invited to our house tomorrow for a combination Good Friday-Passover deal. We will be having a Kosher ham.
And please no F-bombs at the table this year. And the same for Fly, Jr. Steve, Jr. came home from school last week asking too many questions about what Fly,Jr. was saying.
Out of curiosity, any of you blackbery owners use the blackberry app world store yet?
SteveTheNeighbor…
…will there be waterbugs and rice ?
If so…count me in !
.
I must say, when I saw the smooth talking Kenyan bow down and slob the Arab’s knob, it reminded me of how your trader/servant greets you every day.
Slick
The banking crisis is basically over, the fever has passed. Get used to it.
Banks might as well be valuing Beanie Babies circa Y2k.
“Hey…that bag o beans is worth FOUR HUNDRED DOLLARS!”
J Says:
“Stop the conspiracy theories. ”
Can you prove it’s not a conspiracy? We’re 50/50. Please explain to me how a month ago WFC went from single digits to a a little over 20 this morning. How GS went from 49 to 121. JPM went from 14-31. If banks weren’t is poor shape then why all these bullshit programs to protect them?
Please explain to me how the O-man can be outraged about the bonus payouts ,when he knew in advance. Or better yet how they’re letting these shitty banks and institutions game the system. Bears are here for a reason – to keep those lying cheats in check. Now fuck off!
Take the 750B TARP and give it to the poor. Fucking buying their stupid toxic investment fund. It’s retarded as your rationality.
LR,
I like to think of it as lending your stoner cousin $5ger in 1999 and still considering it as solid money.
Everybody get drunk and buy beatin down banks
Alf44- Yes. You and the rest of the Willie Tanner family is invited. The waterbugs will be steamed if that is okay.
Oh and please leave your spaceship at home. The garage is full.
Anonymous,
Get educated.
http://baselinescenario.files.wordpress.com/2009/04/bank-cds-april-7-2009.pdf
I’m Fucked! Why are we cheering on these banks? If it weren’t for M2M change, would they still be as profitable as they claim? Why haven’t JPM, C, and GS came out with the same statements? Aren’t they ALL reporting next week.
When the fucked gets fucked, the fuck that got fucked is going to be doing the fucking soon!
Poor Bear:
Stop playing the strawman with these unsophisticated outbursts of unreason.
You said that O’man and Buffet are gaming the system to help Wells. That’s bullshit.
Furthermore I don’t need to prove a conspiracy theory , you do.
Where’s your fucking evidence that O’man is helping Buffet with Wells. Show us the evidence.
Fuck you’re fucked:
there’s no possibility the large banks have changed their reporting system for the moment and there’s more than enough information to suggest that the M2M changes weren’t going to help them that much anyway in the short term.
I remember when WFC announced great earnings last year and raised the dividend 10%. KBE jumped from the low 20s back into the low 30s over 2 weeks. Now KBE is in the low teens. I am short the market and in a world of pain, but I would be a little leery calling the all clear off of WFC
j Says, fuck you! I don’t have to prove anything to you either, dumb ass! You’re the one claiming it’s a conspiracy theory.
I didn’t o-man is helping Wells game the system, fucktard. I said the o’man is helping BANKs game the system. The news everywhere. Maybe you should read the news, asshole.
Tell me how banks are able to more than double from where they were a month ago.
j says, you’re making these fucking bold statements about m2m not helping them, blah blah blah.
“there’s no possibility the large banks have changed their reporting system”
How the fuck do YOU know? I guess you were able to look at their books. Real fucking nice!
faz to 2$…..get out while you can
Amazing how all you O haters worship money. Hey Fly, your shitty move wouldn’t have anything to do with the fact that your FAZ position is so deeply ensconced in your bum that your proctologist is going to require the extra long hose?
Great American Patriot, which one is it, you are gay, you are convinced and jealous that black men have bigger dicks or your wife likes her meat black?
Whatta day fantastic
j, Obama is an actor. He does not know a credit default swap from a “profits ratio”. Summers and Geithner are running the economic show – got it?