I was on the phone with Mr. Woodshedder this evening, when all of a sudden, a loud thump echoed throughout my office. I told Wood “it was likely a painting that fell off the wall.”
Upon further inspection, I was correct. A painting did indeed fall off the wall.
The bad news: IT WAS A PAINTING OF A RAGING BULL, as in BULL MARKET.
EEEEEKKK. Hide the kids. Lock the doors and quit molesting your birds. An ominous sign of apocalypic proportions has befallen Senor Tropicana. I felt is was my duty to inform the underbelly of the financial community, aka you, of such enormity.
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Hank it back up.
I have not “hank’d” it back up yet. I am too chagrined.
get to your safe room! DevilDog is in your house somewhere!
Twiddle the bird and go to bed.
I heard the thump for myself.
As I am more long now than I have been in many months, Fly is probably right. This is bad mojo.
Never mind, simply print this and hang it in its place.
http://www.metalcowboy.com/Gallery/albums/Gallery4-Trans-Canada/p4210019.sized.jpg
I bet Devil Dog found a way to make that happen.
If this is really BullShit, Senor Tropicana and I will grin and Bear it with a little vacation down Mexico way. However, we may just buy a dip in the Pacific and return shortly as we’re both pretty Bull headed!
Like some dirty pagan, I tried to rain-dance-summon The Golden Bear in the PG earlier this week…but seemingly he had deserted me and my summoning went largely unanswered…
But now, what’s THIS! He has risen, indeed!
And I had no idea he had such powers!
I’ve seen the sign! Please forgive my lack of faith, oh Golden One! I repent!
I hope its the top! I have very few remaining eyebrows left to be punched off by Mr. Market.
DEVILDOG and JOSH are on the prowl, like a gay batman and robbin.
At a around 9.30 am on the dot, the Dogs posts his ” flush” comment on the screen here, informing us he’s sitting on the john.
You never spoke with Alpha, Fly?
That’s a shame.
Didn’t affect his contribution, or yours, but that’s still too bad.
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The whole bull painting thing is more likely a sign you should cut back on the ribeyes and eat a vegetable more often.
And what the fuck are you doing with paintings of cows around your house? Unless you’re collecting Remingtons or have a slaughterhouse on the premises, that’s some lame decorating.
Well he’s not dead Anton.
I know. Just shattered my whole League of Justice/Watchmen/X-Men paradigm of how the Tabbed Bloggers thing works is all.
I traded below my 52 wk low today but went up AH. Do I really have to wake up? I was
having such a nice nap.
lol, Anton.
I’m assuming ‘The Fly’ would be Rorschach in this scenario? Or perhaps Dr. Manhattan & his Blue Dick?
You think you have problems SDS. I have a reputation to uphold. The “hot BRIC guy” and
all that. Trembling at the possibility of ending up just “that guy”…..
So we are “the underbelly” of the financial community… I’m curious – would that be the leading or lagging end in particular? (I know, I know – if you don’t know who the lagging end in the underbelly is… then it is YOU.)
And was the painting hanging on a wall of worry, or a wall of hope? Maybe that would make a difference from a symbolic standpoint.
SRS…says,hey shitface..I was up all day thursday into a 100 point rally…
Anton wrote:
You never spoke with Alpha, Fly?
That’s a shame.
Didn’t affect his contribution, or yours, but that’s still too bad.
The anonymity of iBC continues to suprise me. People (like me) send “The Fly” PPT sub money without knowing who he is. But Alpha had made massive contributions here and Senor Tropicana had never even spoken with him.
Truly amazing.
I too, although completely removed from this post till 7am this morn felt that something wicket this way comes. I had no painting fall off my wall but felt vibrations before, during, and after the occurrence also
However I still cant reconcile a possible 100 year bull rally in bea market. will be full of steep enough pullbacks ( or head fakes) along the way!
I’m not ready to sell based on the painting….But I did feel the vibrations heree in NJ
Put a picture of me up on the wall and the market will rally.
Just make sure Im wearing my cashmere in it.
Doesn’t Cramer have a pic of Dykstra on his wall?
Doesn’t make him money!!
HenryFool..what part of NJ..have family in Toms River…
DVAX thoughts..?
Morris county
Beware of July. 90 days are up for institution . Better tax rate to selllll!!!!!!!!!!!
Good buy Danny..I vote for Henry as new blogger…thedaytrading speed blog!!!
Henry what do you think of hban
Henry Fool:
Burlington Cty
Anton
“The Fly” moves through the shadows, sending edicts down from his email perch. Rarely does he find the need or time to speak to other “tabbed bloggers.” As a matter of fact, he doesn’t speak to them at all.
Hey Fly, give me a call.
Yea fly give me a call too!
The Fly is God.
http://www.youtube.com/watch?v=12KUI1dbCnk&feature=related
Fibber McGee. Did you note you just said you were talking to Wood in this very post?
________
Checkout SVA, long ago Caveman pic, and another PPT favorite.
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To all those doubters who question the importance of PM’s to us humble humans,
“…Of 29 successful transactions at the real estate exchange in the second half of the month, only seven, or 24 percent, were made in gold. The others were made in dong.”
I mean, sure, I should be able to procure at least 2,000 square feet of living space with my natural endowment, a ‘good sized’ place, but then I would be forced to give up my holding. I will never again be able to look at a Vietnamese homeowner without wondering about the degree of sacrifice he made to house his family, poor blighter.
From: I’ll pay with Bullion, thanks
Who told you I molest my birds?
Go buy the dip. It’s a bull market don’t you know!
Like I’ve been saying all along….beware of the lies on TV about the housing market getting better…it is not….
The “pending” home sales numbers are a big fat bullshit lie. all they do is get idiots to jump into housing stocks and jack them up 5% to 10% on the day those numbers are announced.
The real fact is, the banks are teasing people by inviting them in to pretend to give them a loan only to have them in limbo for 30-40 days only to tell them no.
This practice puts a “pending” home sale on the charts….but no one realizes that a pending home sale never goes “off” the monthly numbers once added (even though the couple were rejected by the bank 30 days later)
Also beware of the massive Option ARM mortgages foreclosures coming down the road starting now….these will be the Killers….
On the “pending” home sales numbers lie….
just as an example, my cousin has been trying to sell his house in Orlando Fl. for one year now. He has had 3 full contracts on it, all 3 contracts tying up 5 months of waiting, only to find out after having a “contract pending” sign on the sign (which pretty much causes a stop in buyers visiting,) all 3 were, in the end, turned down by the bank……yet there were 3 more numbers “added” to the pending home sales numbers…..don’t be fooled by these false bullshit statistics….
“pending” home sales number mean nothing.
aren’t the impending ARM adjustments going to make the owners’ rates lower? as in they are going to adjust lower?
Mr. Fly,
You are just too superstitious
Artist…agreed mate. CNBC is a pure Goat Fuck Festival
Get this fuckface off the TV. Fucking take your carbon crap and stick it in your French ass.
@ Artist:
Tell your cousin to stop marketing to the illegals who cut his lawn.
Good point. All the talk about arm adjustments adjusting upward…. upward to where?
Most of the problems loans were made 2005 to 2007.
These were the ARM rates for the period
1 year 6%
15 years 6.3%
30 years 6.5%
If everyone is so worried about the resets this year, they aren’t going to be higher and in fact they will be set lower.
More and more this shit is becoming one huge beat up with people spreading around scary sounding swill.
In Obama World, all peoples are not equal. Some can recive $8000 for buying a house and some can receive $4500 for buying a car. Some blogger claims that 77% of the foreclosures are in the three bad markets – Fla. Calif. Ariz./Las Vegas.
sorry those were the ARM rates for 2006 on average.
Peezy,
Fly is definitely the Dr. Manhattan of the iBC/Watchmen metaphor, what with the time traveling and all.
But he would have grown his hair out so people would stop asking, “Why so blue, Mr. Paulson?”
Most Option ARM mortgage owners opted for interest only payments…. on a 3 or 5 or 10 year option time line. the people that opted for 3 years, those will reset to interest PLUS principle when they reset. These are resetting now and into fall and into winter. The 5 year people, those will be resetting next year and the year after. Alot of people took the 3 years interest only from my research.
So for 3 years these people, who bought that $500,000.00 house at the top of the bubble in 2006-2007, who have been making interest only payments for 3 years will see the payments go up when it resets since the new payments will have principle added. Then, on that day they will walk away, since the $500,000.00 house is now worth only $225,000.00 (maybe less) and they haven’t even paid one dollar toward that $500,000.00 yet and after 3 years, and 3 years payments, they still owe $500,000.00, but all these people will live in the houses until the last day…….then, it’s back to mom and dads house.
in otherwords, foreclosures will skyrocket starting now thru the rest of the year. The media is keeping this hush hush…..make a note.
Fly, Call Gappy…and fix your internet.
I like DBA here
Artist-
You are exactly right. I worked in the real estate industry (in Florida) when the “get rich” house flipping phenomenon was in full swing. The 3 year was the flavor of choice because nobody planned on holding longer then a month after the home was completed (new construction sales). People REALLY believed that building a house for $300,000 and selling it for $400,000 six months later would last forever. My partner and I sold 16 houses in ONE day at the peak of the frenzy (not all made it to closing).
You are right…the resets are coming. I think a lot of people have already walked away, but not everyone.
Who really cares? Like the Fly said, you’re messing with Obama, not the government!. DOW 10K~!
I’m sure all of you smart people have heard the theory that your new car depreciates 20% (or whatever %) once driven off the lot. And? What are you going to do, let it get repo’d and f up your credit and ride a bicycle?
Sure, if you are in way over your head and now can’t afford the mortgage on a house that has gone down in value, walking away and renting some shitbox may be an option. (How many landlords you know don’t do a credit check?) However, it will be a few years (at least) before anyone ever considers lending to you again (car, credit card, etc) and when they do, you’ll be paying out the ass for that little foreclosure (or short sale)on your record.
Not saying that there won’t be a rise in foreclosures or we’re at the bottom in housing. Just don’t think there is much to this bullshit hype some of you are spewing.
Peaks and valleys my friends, peaks and valleys.
There will be 2 million more foreclosures….Obama will pass a new bill that resets everyones credit scores back to 800 and we’ll start over, you see, nothing matters in the USA anymore, rules are now skewed to fix any problem…..meanwhile, there will be 250 regional banks seized by the FDIC and so forth…..we will re-visit this topic come April, next year….
http://www.youtube.com/watch?v=2pybSRca-cA