18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Yes I did get my ass kicked with my shorting of GS along its massive run up. But I was smart enough to cut my losses small along the way.
I laugh at the job numbers. The White House and the Democrat media (that’s all the media) will pump up these numbers and of course the sheeple will take it hook line and sinker. What they won’t tell you is that those numbers don’t include people whose benefits have expired(of which there are many) or people who have given up on looking for work. Yes it’s an improved number but for the the proof in the pudding lies in the foreclosure numbers, the default numbers, the bankruptcy numbers and other credit based numbers. These people who are being foreclosed on, who are defaulting on their loans, who are going bankrupt, they will not be able to qualify for credit for a long time. The consumer relies on credit to live.
Someone should shut a dictionary on your cock, preferably on the page for the word “your” and the definition of the contraction for “you’re.” This way, when you find yourself chronically masturbating in the local Chuck E. Cheese you will know what what the officer means when he slips a note under the door that reads, “You’re under arrest.”
Shorting the banks here is dangerous out right, I would only consider using some crack inverses and then going long for a pair trade with high beta high short interest banks, as Fly mentioned Tier 1 is key to survival right now. On another bank note I really like AIB here.
Didn’t the stress testing essentially make Tier1 capital redundant as a look through in judging bank health. I thought TCE is the new, new black dress.
The Jacksons got plenty shot up today, including my two high flyers ANDE and TCK, but the PMs are still showing great promise, and it’s the golds turn tonight, with two breakout Jacksons in EGO and IAG — “Let’s Hear it for a Massive EGO.”
Word to the pikers not yet on the PPT — Fly just added another little invaluable “gift” tonight — a vid that would make your month, if you knew what to take from it.
What’s that Jake? Getting loaded and running down the street yelling “why”? Or buying stocks when he sells? Wait! Or is it getting into rehab……no, that couldn’t be it. Being a manic – depressive makes life interesting.
Hah. Alvari shouldn’t you be drawing rainclouds with charcoal and listening to The Cult right now? I wish I could shine your ghostly face with a UV flashlight and get you off this fucking site.
If the employ. number is on the side of good this market will rip higher. it will rip every shorts balls off and and stick them in the frying pan today.
Jobs report much better then expected bears will get their face smashed and peeled off simultaneously & I will be banking egregious coin today …fuck you very much Josh_Da_bears
GS “knew” the number because the president basically leaked yesterday. (He said the figures a day ahead). he basically talked up the economy and say that the labor side would be starting to improve. That was the giveaway and I wish i had seen it before the market closed.
I gotta tell you guys. Dollar strength across the Yen and the Euro is fucking great for US asset markets. The two have to more or less stay in tandem.
An across the board strength in the buck should be looked at as reasonably positive of US Assets and in fact for other market too.
There’s always a currency theme in August and I think it’s across the board dollar strength that may be just starting. The effect is that it could propel global asset prices higher as the Euro slobs need a weaker Euro and the Japanese need a much weaker yen too.
This would also put confidence back in US assets by foreigners.
I’m loading up the truck with a long US position with a stop that won’t kill me if I’m wrong and will give me a chance to play the US dollar August theme.
Just sold all of my ITB (homie etf) and DHI that I bought for my IRA months ago.
Nice gain.
Can’t see how higher rates are going to help the homies in what I believe will be a big time jobless recovery.
The big $$ jobs are not coming back any time soon in this political and financial envionment.
Don’t think any exists.
How about a short on RTH (Retail Holders etf )?
It should be available as it has plenty of volume (8mm) but beware WMT makes up 22% and HD about 13% with AMZN and TGT about 8% each.
Yeah keep buying financials. I need more of a run up to start shorting xlf
your mother has balls
^That’s the kind of shit that keeps me coming back again and again!
Moe:
Not for nothing but last time you were talking about banks you were telling us to sell GS at 55 and then 90 and later 105.
Sorry but you’re the last person to be giving advice even if a broken clock is right twice a day.
Yes I did get my ass kicked with my shorting of GS along its massive run up. But I was smart enough to cut my losses small along the way.
I laugh at the job numbers. The White House and the Democrat media (that’s all the media) will pump up these numbers and of course the sheeple will take it hook line and sinker. What they won’t tell you is that those numbers don’t include people whose benefits have expired(of which there are many) or people who have given up on looking for work. Yes it’s an improved number but for the the proof in the pudding lies in the foreclosure numbers, the default numbers, the bankruptcy numbers and other credit based numbers. These people who are being foreclosed on, who are defaulting on their loans, who are going bankrupt, they will not be able to qualify for credit for a long time. The consumer relies on credit to live.
shame … talking on mother..i know your great investor..still
Someone should shut a dictionary on your cock, preferably on the page for the word “your” and the definition of the contraction for “you’re.” This way, when you find yourself chronically masturbating in the local Chuck E. Cheese you will know what what the officer means when he slips a note under the door that reads, “You’re under arrest.”
Shorting the banks here is dangerous out right, I would only consider using some crack inverses and then going long for a pair trade with high beta high short interest banks, as Fly mentioned Tier 1 is key to survival right now. On another bank note I really like AIB here.
AIB and its sister shelelagh wacker, IRE.
________
buying the banks at these levels is where the risk lies mate…keep buying i will be short these lowly skank banks…
Didn’t the stress testing essentially make Tier1 capital redundant as a look through in judging bank health. I thought TCE is the new, new black dress.
stress tests were a joke…didnt you check with your boy Lloyd at GS..its all crap…but hey you gotta believe in something..banks..sold to you.
Check check, new gravatar working?
GFG is done for…
Great Scott!
The FLY is too funny… that was great. Going to sleep now laughing and can’t wait to do it all again tomorrow.
The Jacksons got plenty shot up today, including my two high flyers ANDE and TCK, but the PMs are still showing great promise, and it’s the golds turn tonight, with two breakout Jacksons in EGO and IAG — “Let’s Hear it for a Massive EGO.”
______________
The depression that never was will now spawn massive inflation. I like the jacksons and the oils/commodities after the magic number this morning.
Word to the pikers not yet on the PPT — Fly just added another little invaluable “gift” tonight — a vid that would make your month, if you knew what to take from it.
Made my week, just in general happiness terms.
__________
Sorry Jake, PPT was actually slow. Get a pair of white high tops and step up to the fucking foul line (or CRT). Yippee ki yea, motherfucker.
What’s that Jake? Getting loaded and running down the street yelling “why”? Or buying stocks when he sells? Wait! Or is it getting into rehab……no, that couldn’t be it. Being a manic – depressive makes life interesting.
Lung Sac you seem lonely.
You should get on the PPT for the comraderie, if for nothing else.
__
lol – thx for the concern Jake. No thanks – I’ll just continue to chk in every now and then.
People of low substance are not welcome on the ppt. Le that be known, prior to advertising it to the general public.
Drinking peronis like a fat guy eating balognas
Fly,
If that was directed to me…..well, good day to you sir. It’s been years that I have followed you, but this day will be the last.
Hah. Alvari shouldn’t you be drawing rainclouds with charcoal and listening to The Cult right now? I wish I could shine your ghostly face with a UV flashlight and get you off this fucking site.
shut up you bitch. Quit being so sensitive.
Real Hmmmmmm,
U use that name because it’s the sound you make when you suck my dick?
BTW, it’s too late for a “wife” or “mother” come back. It’s ok to say something about my dog thou. Dipsht.
Quick, what’s cooler RIGHT now, Twilight or True Blood? I’ll hit submit and wait for your answer.
http://www.huffingtonpost.com/2009/08/06/man-offers-40-goats-and-2_n_252644.html
A story The Fly & his apostles can appreciate.
AIG posts profit.
If the employ. number is on the side of good this market will rip higher. it will rip every shorts balls off and and stick them in the frying pan today.
Shorts:
Unemployment -247. Way better the street expectactions
Prepare for death. Please… no screaming or crying, just be gentleman about it and accept your fate in the best possible way
Yesterdays last minute adjustment by Goldman to their prediction turns out to be spot on…..again.
Maybe they have access to Fly’s time machine when he’s not using it 😉
Marty, you just aren’t thinking 4th dimensionally.
Oh hellll yessss! Bears will take a homo hammer to throat today. Sadly, I am stuck on a plane going back to DC from San Diego, fruck.
I see faceless bears. Next stop 10,000 and 1,100.
http://www.youtube.com/watch?v=gqsT4xnKZPg
Jobs report much better then expected bears will get their face smashed and peeled off simultaneously & I will be banking egregious coin today …fuck you very much Josh_Da_bears
Mr. Roark: Smiles! Smiles, everyone!
(leans over to whisper in Tattoo’s ear)
Don’t forget to have those indios peurcos bears killed and buried before the guests arrive..
__
What would completely take everyone by surprise and screw the most participants is if they (ie. GS) sold this report.
GS (who knew the unemployment report yesterday) is about to go negative.
They are setting their tradebots to fade the open.
SMH looks like crap at the open btw. BRCM,KLAC, NVLS,NSM,LRCX etc all negative now.
TC:
GS “knew” the number because the president basically leaked yesterday. (He said the figures a day ahead). he basically talked up the economy and say that the labor side would be starting to improve. That was the giveaway and I wish i had seen it before the market closed.
omg tradebots run!!!
shorting BAC here…buying TZA and FAZ now.
someone other than myself will bankcoin for this week and next week. Below 16.5 BAC is in a whole new world. A bear world
good luck and trading to all..except GS fuck them
Worth shorting them below 166
Bought some more Boeing and shorted the Euro right here.
The strength in the US dollar seems benign as the yen is copping it up the backside also.
Fuck it all in… well not quite.
lay your bets gents. The market isn’t higher because people don’t quite believe it.
That video in the PPT was quite prescient of Senor Tropicana.
Dr. Where the hell is the vid. I’ve looked for it and can’t see it on the ppt
Its in the forums under I think one of mda’s recent posts?
Can’t get on PPT at work.
no GD in the IRA?
Oct 14, my date for DOW 10k.
place your bets now.
Done for the AM.
Thanks SMH short.
Into the pool.
It fake out and shakeout time ladies and fellows. Fasten your seat belts and pay attention. New highs by the end of the day…
This is a comment I would make earlier in my day. If they do decide to do something similar to your opinion it will be simply to paint the weekly tape
Lots of buying in BAC this morning.
I gotta tell you guys. Dollar strength across the Yen and the Euro is fucking great for US asset markets. The two have to more or less stay in tandem.
An across the board strength in the buck should be looked at as reasonably positive of US Assets and in fact for other market too.
There’s always a currency theme in August and I think it’s across the board dollar strength that may be just starting. The effect is that it could propel global asset prices higher as the Euro slobs need a weaker Euro and the Japanese need a much weaker yen too.
This would also put confidence back in US assets by foreigners.
I’m loading up the truck with a long US position with a stop that won’t kill me if I’m wrong and will give me a chance to play the US dollar August theme.
oops
Should be…
as reasonably positive of US Assets and in fact for other MARKETS too.
Looks like Fly was right (even though he was wrong) about STSA. The squeeze is on.
I’m troubled however that SYNA is not moving. With 40% float short this should be screaming higher today.
wow looks like CROX is squeezing some ball sacks today.
as well as the past few days.
Wow….HANS!
T MOE trades so far today
buy TBT at 53.45
buy DUG at 16.50
short COF at 33.90
One more buy for a long term hold to add to my present position that I have been holding for a while
HYG at 83.20
Just sold all of my ITB (homie etf) and DHI that I bought for my IRA months ago.
Nice gain.
Can’t see how higher rates are going to help the homies in what I believe will be a big time jobless recovery.
The big $$ jobs are not coming back any time soon in this political and financial envionment.
I can’t get a borrow on XRT. Anyone know of a retailer inverse etf?
Don’t think any exists.
How about a short on RTH (Retail Holders etf )?
It should be available as it has plenty of volume (8mm) but beware WMT makes up 22% and HD about 13% with AMZN and TGT about 8% each.