I stepped out for a few hours, in order to throw some bowling balls at pikers. Here we are, at a crossroad of sorts, on the precipice of killing the rally or catapulting short sellers into shark infested waters.
The market is sustained by tech and oil, while signs of weakness can be found in banks.
I said it once and I will say it again: FUCK THE BANKS AND THE GAY UNICORNS THEY RODE IN ON.
Let the rally ferment with the use of idiotic factory and almost dead oil services stocks. That’s where the potential growth is, after all.
To quote a great man, Jeff Macke, “Your portfolio is being managed by car people inside of a chimpanzee tea house.”
With my money, as always, I will endeavor to make money. I am blessed with the pullback in ENTR and will accumulate more. And, if possible, I shall swap out of some of my micro-caps, in exchange for companies with greater substance, such as GLW and IR.
In short, believe nothing but the gold chains around your neck, for they are real. And, never tell a stranger the codes to your money safe.
UPDATE: I sold out of LVLT, north of $1.18.
UPDATE II: I sold out of GMO, north of $1.80 and BEE, north of $1.16.
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HA! Everyone else is slow.
BTW, you should post a link to the Macke quote for those that didn’t see it last night.
Just a thought…
the banks shall dine on swine flu carcass…while the masses beat the exec’s to a soufle like pulp…
Where is the video with him all “gacked out”?
cuervo –
http://www.cnbc.com/id/15840232?video=1128608144&play=1
this mkt gonna tumble like Hugo Chavez trying to find his toes…oh and did i say Fuck GS…scumbags…Lloyd Cockfein you dickhead.
Wouldn’t be great if this was some kind of an epiphany moment for Macke’s career.. like Chance the gardener people started to respond his message….first its Leno, than Conan and Stewart…finally the Big O. He becomes Kudlows side kick and finally moves Cramer out of the 6 pm.
Market is fucked , people are still scared. Watched the smartest fuckers in the room with Maria last night…. all of them talking their book. Listen to Jack Welch he’s the one that had the most assets.
that video is fucking awesome.
Jeff Macke for Prez 2012
It’s us against the car people.
ok back to stocks..enuf commentary..LVLT moving…STEM about to follow GERN…own them all currently.
CNBC is completely off their fucking rocker these days. They continue to bring on these fucking PermaBulls, spewing the same fucking dribble as we heard in the past. Do they not understand that the fucking world has changed. These motherfuckers have no credibility.
There’s gonna be a lot of angry people when the markets revisit the lows. JMHO ~ When it happens, there’s gonna be changes at CNBC … starting with that cue-ball, clown, Jim Cramer.
BTW, California is ultra-fucked in every possible position.
Donny agreed-indued..! someone should beat cramer like a Three Stooges skit.
Is Jeff Macke refering to ‘power brokers’ when he says Car People?
He seems very agitated, I would be in his world, those people are clueless.
Fly, your stock rally is on the ropes and I think it’s late in the rounds.
We’ll see.
Huge deficit stuns Cincinatti
http://news.cincinnati.com/article/20090519/NEWS0108/905200319/Huge+deficit+stuns+city
“Hell would have to freeze over for us to get out of this,” said Cincinnati City Council member Leslie Ghiz of a $40 million budget deficit through 2010. “There will be layoffs. There will be cuts. And it will be painful.”
Fed Open Market minutes show members considered increasing mortgage and Treasury purchases at April meeting. News is mortgage market friendly even though Fed economic growth forecasts are improving.
TX Slave Trader Says:
Fly did you give me HIMX?
Dave mentioned it on CA’s thread yesterday and I mentioned it here yesterday with regard to a discussion on GLW, AUO and PANL as a worthy supplier.
Fly I think you pissed chivas off.
how so?
being honest hurts people.
BAC about to shit itself…soo sad…not actually very nice…and GS bullshit upgrade.
Some think Mr. Macke is a “genius” for his comments on the CNBC segment posted on this site, while others think he may have hit the bong (and other mind altering components) a bit early in the day.
Genius is rather rare; really rare, in fact. I don’t think it’s found ANYWHERE on the airwaves of CNBC. You fellas take it from there.
Tight trailing stops for everyone. Carry on …
I think Macke was a combination of sleep deprived and frustrated, judging by his blog post from yesterday:
http://www.minyanville.com/articles/index/a/22733
“Car people” gains a little more context.
Yes, don’t give your codes out to your safe.
I gave my ATM code out (Bosco) and it didn’t help.
I needs youse peeple’s help for Callyfornia. Ve are in a hell of a mess tanks to me and my stoopid ideas. You better help or else it vill happen to youse too tanks to Obama and his stoopid ideas.
elevator shaft down..? let the goat fucking begin
Well I just mean your opinion was rather harsh considering his position has been successful so far, but then again he is a big boy he can take it. Especially since he inflated a quick 25k in a couple of hours on today’s buy.
I would not count on tech and/or oil to lead us anywhere but down.
Can someone provide a little background/context for the Macke link? What exactly is he pissed off about? It’s hilarious. There’s not a more deserving douche than that squib Kneale to be publicly flogged, but…..what was it for??
Let me state coupla absolute truths:
1 GS/Geithner rally is OVER
2 jakeCunt is a whore
If I had to guess I’d say the bald man is having a stroke. Expect to hear about his imminent hospitalization tomorrow.
You people will drive pimped golf carts and Obama will continue to ride in style. You people will pay more for less and Obama will continue to collect and pay nothing. Only Obama and Oprah will jet in style. Proceed with caution.
You fuckers better hope that BAC does not go red or we are fucking fucked on a spindle. Man your battle stations, its time to go to war.
And the MVP goes to:
“Woodshedder Says:
This secondary will mark the intermediate top. Write it down.
May 19th, 2009 at 8:53 pm”
Gappy…BAC=bat guana…its fucked.
Fly- what are your contacts saying about MVIS recently, anything you can share with us internet leeches? Tokman is about to unleash his standalone PicoP this summer. Can you shed some light? I know you used to be a fan and still hold some MVIS shares. Thanks in advance.
Macke is always over the edge. His rant is a metaphor for the times and or he lost his ass in MDT yesterday…I bought yesterday.
Macke is the only reason I watch fast money and I have skipped many of them lately as Ratigans rants also carried the show.
isay, couldn’t agree with you more. Ratigan was unlikeably slick perhaps, but at least he could carry the conversation and moderate the overtestosterone-ated Fast Money panel. Melissa Lee is in waaaaay over her head. I’m embarrassed for her half the time.
Anyway, down with BAC! It’s about to turn red and when it does, look out below. Sorry Fly. You’ve overstayed.
chivasontherocks Says:
shorted 25k shrs DIA at 85.81
now have 100k at 85.42
150k QQQQ at 34.98
short position is now complete.
Something smells like money around this place for some reason???
vicodin and green tea make FAZ seem calm..highly recomend meds when trading this bastard
Ride MVIS … Riiide….
Macke needs to take a mental health day. It’s not easy to make Kneale look competent, but Macke pulled it off in that vid.
maybe Mack is trying to get fired a la ratigan?
I’m not a fan of this topping tail on ENTR and other semis today.
Come on now, get in, theres plenty of room.
Respect the Woodshedder BAC top… double top on SPY right under 200 day mvg avr. Got long $vix.x july 37 calls
The Fly and Jake get into it as +Sterling Hayden looks on:
http://www.youtube.com/watch?v=RQeZP3LKyNk&feature=related
Check out the now-banned weiner-grab at 1:38.
We hate car people. We want Revolution now! The Shell stocklholders are not taking it anymore. Stand up! Stand up for yourselves!
Look Mom, I’m a Billionaire !
http://www.blogcdn.com/www.gadling.com/media/2008/08/billionaire.jpg
Coming to Theatres nearest you.
chivas up 231k today. fucking awesome man i would like to read more of your stuff.. you are usually spot on
🙂
Flippin’ car people piss me off too.
Note to all- who after 9 weeks of a rally decided THIS fucking week to get long…Hahahahahahahah- go outside now and light your hair on fire..your fucking retarded..you know who you are..melt-up…panic covering babbling short bus riding morons…I spit on your ignorance…off to enjoy a fine vintage from Chile while grilling duck with a saffron rice side..while you drive thru Popeye’s..ha.!