Too bad none of you generic, Lee jeans wearing, rejects will ever know what one (depression) feels like. I contend, unless you are living in a cesspool, like Detroit or Flint, there are zero anecdotal signs of depression. For the love of black molds and staph infections, people are rich as fuck in NY, despite the melt down on Wall Street.
Sure, people are getting flushed out of their homes; but those losers should have been renting in the first place. Don’t get me wrong, I do not think the economy will roar back, leaving bite marks on the faces of bears. However, I spit on those of you who put forward the notion or idea that we are heading towards a 1930 style depression.
You dick suckers eat too many hamburgers.
Regarding the market:
It will disappoint, crush, elate and mesmerize, for as long as it is allowed to trade. It is the great casino, where fortunes are made and lost, where men build careers or ruin them. The market is the engine underneath the economy, fueling services and innovation via capital gains taxes and good old fashioned wealth creation. I will be wrong with some of my buys and sells, every once in awhile. But, as most of you know by now, scientifically, I cannot lose. My market hand is too heavy for 99.9% of you ball jugglers.
My winship can only be matched by an inverse NY Met ETF. Last I checked, that fucker ( inverse NY Mets ETF) does not exist.
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LOL..
There has been better ones that that one but in a short sentence you made my day and reminded me why i came here everyday.
“You dick suckers eat too many hamburgers.”
not sure what it means but it sounds just about right.
FIG.
Lol at inverse NY Mets ETF. Indeud.
Well, Chivas, I hope you’re happy now.
So i AM stylish…cause i AM depressed…….
An inverse Met’s ETF does exist… It is call the Yankees.
about fucking time spanky.
great post.
Stylish + Depressed = Emo
sorry FLY, but Mets suck… yes, way more than the Yankees
i root for met losses.
The “Inverse Mets ETF” is underperforming the “Cramer’s Charitable Trust” ETF in an egregious way. So sorry.
my bad, it must be the brewsky I just had clouding my literacy
Lee jeans wearing…lol
will start to slowly build a position in GLD of 100k shrs. even though i think there is a chance that it can trade to its 200 day sma, i will purchase first 10k tomorrow. imo, this will be north of 130 sometime next year.
Oooooh Fly….someone is long and trying to come up with just about anything to justify his positions.
What if the end of the qtr markups turn out to be a non event+
You’ll be fucked.
Everyone is expecting us to rally into the end of month…….hmmmm.
Contrarian?
3 things about Chivas:
A. He thinks too much
B. He bets against me too often
C. He has too much money.
hmmm
your mother’s name is hmmmmer.
1 thing about Chivas:
1) He multiplies his position sizes by 100 when posting on the internet.
patience grasshopper. you will also get there.
punyandy
irrelevant.
Chivas
You are no DEVILDOG. But, I have an open slot on Monday’s. Would you like to take the dog’s slot, in order to log your ideas?
If so, email me.
all bullshit aside…enough is enough. personally, i’m quite ready for jesus to ride out of the clouds and slay mankind. even after noah’s flood, we still don’t know how to act. men are shit. we love to lie, steal, cheat and fuck anybody we can for personal gain. and we especially love to kill. oh boy… how we love to kill. what are we? what the fuck are we about? everywhere you turn in this world you see shit. shit in europe. shit in the u.s. shit in asia. shit in the middle east. shit in africa. especially africa. we cry out loud about the iran election and the killings there. what about darfur, sudan. they have been butchering hundreds of thousands of innocent men, women and chidren for five years now. what the fuck! where is our compassion? who are we? we read this site, as many others, trying to get some kind of edge in our trading. some edge to try and make a living…while others are truly, truly suffering. look… i know everyone has there own personal belief system, but do you think this is how it’s supposed to be? i don’t think so. corruptipn everywhere… and the u.s. isn’t the country i thought it was when i was growing up playing little league baseball. i was led to believe something entirely different than what i see now. it’s a shame that we have grown into this huge, parasitic, apathetic society that we live in. whatever comes down the line in terms of discipline and judgement…we wholeheartedly deserve. peace out…kim.
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We need something to be scared about. The Depression of the Century worked its magic for awhile, but I think its luster is beginning to fade. We need something new. And no, swine flu doesn’t work.
Without fear, there is no exchange of power or money.
“I spit on those of you who put forward the notion or idea that we are heading towards a 1930 style depression.”
I vividly recall meeting several real estate agents and brokers who said exactly the same types of things about the housing market three years ago. I’m not even in their business and I could tell what was going to happen. Funny how they shut their yappers nice and quiet since then.
http://www.hispanicbusiness.com/news/2009/6/24/hbo_feature_suggests_lenny_dykstras_empire.htm
You won’t see a depression until credit cards are maxed out and no more credit is available. No bread lines to be seen as the financially challenged have a food card (who says food stamps anymore?) to use at Walmart.
I think the real economic situation can be tracked by food assistance recipients. It doesn’t run out as long your income meets requirements. 33,156,745 people in this country received food aid as of March 2009. That figure has got to be skyrocketing by now. I think people are truly desperate(no income/maxed out cards) when they resort to using these programs.
data is supplied here: http://frac.org/html/federal_food_programs/programs/fspparticipation.html
There is a huge multiplier in effect if you consider the number of families depending on two incomes to make it from month to month. 1 person losing their job means credit cards get maxed out quickly and bills don’t get paid. Once you’ve maxed out that credit card, fuck the bank. Don’t pay.
Fly count Phx in with the shitholes like Detroit. With an economy primarely built on real estate . You can only imagine what it is like here . Upper end homes dropping in price monthly . The looks of things down here I dont think it will come back for a long time. I am one of the lucky ones that bought right and just contracted my house for sale at a little more than my investment . I have a mountain home, I cut the price in half from an appraisal 10 months ago. The last three homes sold in my neighborhood were to doctors . When I listed my home in Oct there were 40 forclosures in Paradise Valley now 140 and getting worse everyday. My whole neighborhood has for sale signs out, it is a race to the bottom . It seemed to all happen in the last two months with prices cracking . Anyways, I am out of here after 23 years , going on the road to find a new home .
Fly says …those losers should be renting in the first place …
Fly the great Phabaz lives high upon the hill and we are just lowly toads….
kim jong il
Is this you?
http://www.youtube.com/watch?v=XYz3iu4MSWM
genius
Chivas:
Question about Gold… what don’t we know that we already do know about gold, the coming hyerinflation, the coming deflation the social unrest, the broken banking system, the corruption on Wall street, the lying and cheating…
Is there anything I missed.
Gold has been a freaking useless hedge against inflation. It was $875 and ounce in 1979 and it basically the same level now, meanwhile rel inflation… the is the money stock has been growing at around 7% p.a since that time.
If gold kept pace with inflation it should be trading at between 3,000 and 7,000 and ounce.
Over 30 year cycles the only hedge against inflation seems to be land or great stocks.
dave… you have shit for brains and no doubt will die in your own squalor.
In the great apocalyptic Mad Max, they weren’t killing each other over gold.
We’ve moved beyond gold by this time in our history. If things really fall apart, keep your gasoline safe.
terranova, baaaahahahahaahahahaha….AAAAAAHAHAHAHAHAHAHHHAA. fast money? gone?
FF 2012: 5% less fat Americans are now ‘debt free’ and have paid off or walked away from all of their credit cards! They are so excited and now can start putting extra money away into their own Emergency fund. Woo-hoo!!!
IF that happens….what will be encouraged? Playing with snakes…whereupon morons will once again complain that it’s not their fault when they get bit.
kim jong il,
I was struck by a small meteor on New Years Eve. My place in Heaven is assured.
What happened to the Devil Dog?
Kim Jong Il–Well said. Very well said.
j–In 1979 the inflation adjusted price of oil was $106 per barrel. See the correlation? Do you think oil is going to fall off a cliff and remain there going forward?
zxcv