Mark my words, Q3 and Q4 gdp data will mark an end to the recession. The economy is snapping back so fast, even the fat fucks from Ford are gaining market share. Naturally, once the economy registers a positive gdp number, the negative/cancerous psychology of a spiraling economy will be a memory and companies will start hiring again—just like that.
If you do not believe me, go ahead, short stocks with your retirement funds; have a ball. Take out a second mortgage and buy FAZ with it. I could give two shits and a gay goat about your economic disposition.
In case you haven’t noticed, the market is not giving people a chance to go long. We are in the midst of one of the greatest stock market runs of all time, similar to the 1999 dot com frenzy. If you are missing out on the fun, boy are you a fucking idiot.
With my money, I am taking profits on a variety of names, in order to raise cash. I am in the process of shifting my investment focus. Therefore, cash is needed.
The only stock that I have been buying is FNSR. It’s going to a buck. Write that down too.
Right here, right now, I like FSYS, OVTI, GME, ATHR, ARD, FNSR, FTK and MWA.
If you enjoy the content at iBankCoin, please follow us on Twitter
I’ll drink some of that kool-aid baby!
“Mark my words, Q3 and Q4 gdp data will mark an end to the recession”
HA HA Ha HA HA HA HA!!!!! ROTFLMAO!!!!
HA HA HA
You must be smoking something good
somebody explain this shit to me.
I am in the architectural field and I design houses etc. but, I can’t for the life of me figure how this shit is a positive for the over all economy:
Q: If the sale of foreclosures is up (which it is and the sale of houses that the banks own are up), and if people are short selling also (which they are, I just talked to a couple short selling their house last thursday) which of course makes the “existing home sales” numbers go up, which they did today, yet when this happens the banks are writting off massive losses in the banks sales, how can THAT be good for the economy? (being banks need to be doing GOOD to have a good economy, not losing money everyday)
just because a couple bought a foreclosure at a bank auction for .45cents on the dollar (which means the bank lost .55 cents on each dollar they loaned for the house in 2006 or 2007) and just because this is happening across the country causing the “existing homes sales” numbers to look good, how can this also be good for the banks, which are losing their asses on massive, constant write-offs?
It seems to me that the banks losing money left and right would override and be worse than them dumping houses at losses even if they are getting them off their books, a loss is a loss and cannot be a positive just because inventory is being dumped at more than 50% losses each time a house is auctioned off.
If all in the banking industry can be rosie by losing $500,000.00 for every $1,000.000.00 loaned out then the DOW should go to 50,000 without stopping because nothing in reality matters anymore.
WOAOOW…Them’s some big words. Hope you are right but seriously doubt it. I just dont see where growth will come from. Doesn’t mean it won’t come, I just cant see it now.
http://globaleconomicanalysis.blogspot.com/
Fly-
No doubt you are a smart guy, but to think that this market “has legs” puts you in the kool aid camp. No way in hell this rally last all year. None. Write that down.
Yes, GDP will be positive by the end of the year but I believe we may be in for a possible double dip as payrolls will be slow to add new workers and I sense a secular change in the American people in the way we save and spend.
It’s over.
Sorry Ike.
Long live Mao and the Chicoms for they are the future of world growth.
Fly,
If you are rght,I will have several kilos od live lobster flown to you from main or fine white king Alaskan salmon, if that’s what yu prefer. Give me some numbers for Dec 31 DOW close to earn this worthy prize
Fly, don’t like GLW anymore?
Fly, don’t like GLW anymore?
Yep. It was a downside mania, and the snap back is a thing of beauty.
Fly – what are your thoughts on interest rates? Inflation on the horizon?
BOOM is BTFO, btw.
Fly – this doesn’t seem entirely consistent with your 2009 forecast, nor your SOTY pick. You serious?
I AM THE LARRY KUDLOW OF THE INTERNET!!!
Where is my pinstriped suit?
A good friend of mine loaded up 100% of his 401k and IRA on FAZ at 5.5ish
I told him to read your website for what to do.
True story.
Pinstripes, cuff links, cocaine, and a rainbow flag. Go get ’em, chief.
Let’s all celebrate the end of the recession with a refreshing Tribute to Canada’s Greatest Assets.
And no, for once I am not talking about their gold mines.
_____________
You can tell that it is cold in Canada.
Fly. Your end of recession call is rife with irrational exuberance. Please take your meds. The U.S. economy is a chimera. I am glad your making money, but I don’t for a second believe this is going anywhere except to the shit hole. This fantasy economy cannot Fly.
JakeCunt still a whore I see.
It’s not the fact that few bad loans were made that brought the system down, it’s the 50:1 leverage that killed these institutions. Who took those regulations away? Cocksucker!
Joey Bag o’ Dimwits — address your stupidities on the proper forum, I’m sure Fly abhors creeping cretinism on his.
Try to read this compound sentence: If you think that creating a Federal Superbank to mass-purchase shit loans via the implicit backing of the US taxpayer did not contribute to the massive mortgage bubble, you just might be a Registered Democrat.
____________
positive gdp in q3 and q4 is already a foregone conclusion. You need to stop reading panic blogs.
you fuckin moron lay the crack pipe down hows 100 oil gona help the sitution in about 1-1/2 mounths
stop being so getty about this niger rig market theres nowwheres else for money to go the econmy wont get better that fast
OCNW. $8B in stimulus money for rural broadband and only 2-3 qualified companies. Grants by Q3 and monies released by Q4. OCNW has been held down while THE Micheal Stinhardt accumulated 13% share (13G filed today). My two cents.
Not a short term ride, but a 2-3 bagger at the very very least.
Thats quite a statement Mr Fly. I dont necessarily think you are wrong, but I think you may be stepping a bit too far in front of yourself on this one.
OK, my peoples. I am going to remake America in my image – that is the change I promised. Nancy and I will send a government agent to measure your energy usage – most of you are energy hogs and you know it. I will make everyone in the world equal or my name is not Barack. A little spread the wealth is not so bad – is it? Take a look at that Tata mobile – I think that you will like one powered by the wind and sun. I flew 3 jets up to NY to see a show – so what? I am Barack and you are not and I am going to shake your world.
If you are rght,I will have several kilos od live lobster flown to you from main or fine white king Alaskan salmon,
Holy crap, he can’t even spell his own state’s name properly.
_________________
Love the new PPT ads, Fly. Particularly…
“Here is where you lost your Asshat, betting against the PPT.”
Fez, Morocco
Gets me every time.
so no one wants to answer my question?
I hope you’re right Fly.
Yossarian,
Actually it should read: “Here is where you GOT your Asshat, betting against the PPT.”
The Artist- Its good for the economy because now people can buy cheaper homes, pay less in mortgage costs and have more money to spend. If you lose your home to foreclosure on which you can barely afford the payments thats good.Now you can rent a similar house for say $1200 a month vs paying $2000 a month on mortgage payments. That frees up $800 to spend at Best Buy , Home Depot, Dell, Apple, Cheesecake factory, and whereeverthefuck you like to spend money at.
On the topic of Kudlow, we sure are overdue for an Asshat of the Week award….how bout that banned blogger Josh? He was quite the asshat…….
The Artist,
How the fuck do you short sale a home?
Who let LG out of the cage?
Isn’t she suppose to be locked up with JoshingU??
Oi, im not that LG, i just happen to share a moniker
Anyone watching the action in DOW chemical today? Classic bull market stock.
@TX Slave Trader. Short sale a home by selling it for less than the mortgage balance. The bank writes off the unpaid balance as a loss. Happening very frequently here in Phoenix and in SoCal too. Probably in FL as well. Homes with $1 million mortgage balances selling for like $400k-500k. Banks are getting screwed. The buyer threatens to walk away if they are not allowed to short sale. A foreclosure will cost the banks even more. So it easier to short sale. The worst is still ahead my friends. Enjoy the party while you can. The end is getting closer each passing day.
CAP,
Thank you for the explanation. While it shares a term with short selling stock, they two processes are nothing alike.
That being said “The end is getting closer each passing day”…….lay off the gold bug websites dude, you sound like a fuckin Evangelical…….
Hey there Mrs. JakeCunt
Try to read this compound statement: Ta cifsha motren, nanen, chiken dhe grune pernjehere.
” If you think that creating a Federal Superbank to mass-purchase shit loans via the implicit backing of the US taxpayer did not contribute to the massive mortgage bubble, you just might be a Registered Democrat.”
First, the I in the word “if” should be capitalized, no?
“Contribute” is the only half-ass correct word in that sentence. I and all smart people know that this word is subjective and unquantifiable. What is quantifiable is that your fascist party has created these rules (repealment of the glass steagall act and hyper-lobbying to astronomically increase LEVERAGE) and enabled these “contributions” to take place if ONLY to be used by no-brain motherfuckers such as yourself to shift the blame elsewhere while they rape you, your off springs and the rest of brain-dead motherfuckers like yourself.
I am a registered democrat and highly disappointed that O-man didn’t take all the CEO’s and B of directors of these cancerous banking institutions OUT (like SHOOT the MOFOs in Time Square for everyone to see and have some vindication for having had this last awesome country on earth FUCKED UP)
“If you are rght,I will have several kilos od live lobster flown to you from main or fine white king Alaskan salmon,
Holy crap, he can’t even spell his own state’s name properly”
—————————————————-
What a cocksucker.
I live in WA and the missing letters are a result of the wireless keyboard skipping now and then.
Now go “contribute” some more in enabling the people whose cock you suck, rape some other people somewhere else. People on this forum seem too smart for your idiotic views.
Fly, I suggest we ban this Joey Bag O’ Brainrocks.
I’ll admit, his small-wattedness puts a plus in the comedy column, but the filth that streams from his pen surely obviates that small benny.
_____________
Anyone watching the action in DOW chemical today? Classic bull market stock.
I did notice this, Ol’ Jack. And I also noticed perennial dog AA also looking to BTFO.
A broker friend of mine suggested that both were on the “maybe get yanked” list along with GM and C, and now that they have not, have rebounded as a result.
I’m going to ask my friend Chivas about this…
___________
Joe,
I feel ya man. Having two dads must be rough. Peace out and god speed.
“Fly, I suggest we ban this Joey Bag O’ Brainrocks.
I’ll admit, his small-wattedness puts a plus in the comedy column, but the filth that streams from his pen surely obviates that small benny”
_______________________________________________________
jakeCunt says: Please Fly, I will suck you dick again if you ban this Joe dude. He is exposing me for the filth that I am despite my best effort to maintain an image of a smart prick.
I have abot 17 computers around so this won’t work. Besides, Fly is smart even when he appears not to be so.
some areas of the economy has been in recession for decades. think textile or anything manufacturing…it’s been disappearing way before the GM and AIG of this world. but don’t be blinded by the bad news. media love bad news. they dwell in it because us the public love it like a car crash.
stop staring at the dead dogs laying at your feet. picking at maggots…
fight the inflation by out running it. be alive. kick the door open into this new era.
i’m 150% invested. all in and more.
Fly,
Whats your play on FNSR?
Hold till after CC? “Buy on rumors, sell on news” kind of thing?
You’re an idiot.
Such a reckless statement makes all your comments that more disingenuous. Your “smarts” making money in this trend is no harder that jerking yourself off.
You may be right about the statistics in the short term (if you even want to believe them), but once the Fed money drys up and the prime/commercial/cc losses continue to pile up, we in for a much worse round 2.
I wouldn’t go long over 800 and average in on the way down if your not a trader.
This thing is far far from over and, Fly, you should qualify your statement.