Like Hailey’s Comet, you will never see the market melt down again, the way it did in ’08, ever! For cancerous bearshitters, the market plunge validated all of the negative, unproductive feelings inside, effectively making them (bearshitters) want more (more blood). It’s sort of like giving them a little crack pipe, then taking it away. Now, all day long, they want to smoke the crack. However, the police confiscated all of the crack; therefore, they get nothing but the ominous BLACK FLAG and a stiff jab to the jaw.
It’s also like having that hot chick in high school, remember her? Fast forward 30 years, you are just some fat slob, scrubbing dishes in Buttfuckville, California. You want to meet another girl, just like your high school sweetheart; but, it’s not happening. Instead, you will continue to scrub dishes in Buttfuckville, California.
See folks, my point is: quit living in the past. Find something to do with your lives, instead of betting on calamity.
Just in case you didn’t know, “The Fly” caught the entire move down in ’07-’08, shorting banks, cre and oil. I had my 2nd best year ever in ’08; and thanks to my flexible market bias, I will have an even better performance year in ’09.
Today’s market melt up is making me rich-er. I am enjoying “SHO-Time” with my Sunstone Hotel Investors, Inc [[SHO]] position. For the love of black molds and sinister ministers, can Flotek Industries, Inc. [[FTK]] catch a bid already? What the fuck does that stock need to go to $3? Fuck me running sideways and stupid.
Top Picks: SHO, Complete Production Services, Inc. [[CPX]] , Tesoro Corporation [[TSO]]
There is no such thing as a pullback/downturn and all you fuckers are here by banned from using the words depression or recession, WE ARE NOT IN A FUCKING RECESSION SO SHUT THE FUCK UP! Back to using an umbrella.
What are you using an umbrella for?
Deflect spittle?
Tons of bullshit raining down here at the cbot in the form of egregious incompetence.
I saw Haley’s comet, and it was cool.
Barney Frank is bringing more heat than PECO (Con Ed).
http://www.youtube.com/watch?v=nYlZiWK2Iy8
“On what pwanet do you splend most of your time?”
Barney should be spending his time at Planet Fitness.
Way to go Dems. Abuse your voters no matter how rude they are and try to get an unpopular bill passed. That should lose them 100 seats if the same level of anger holds up next year. 100 seats and 15 in the senate.
I enjoy the phonetic realism. It’s almost as if he’s really in front of me, spitting in my face.
California unemployment numbers out today…11.9%
http://www.marketwatch.com/story/california-unemployment-rate-reaches-119-2009-08-21
That dude in Buttfuckville is probably out of work.
Anyone see the housing sales number today. Amazing. Combine that with a weak housing starts number for a while and sooner enough (no not now) people will begin talking about a housing shortage developing in parts of the country.
Then look at this story:
Toyota to spend $172 mln to raise US engine output
http://www.reuters.com/article/rbssConsumerGoodsAndRetailNews/idUSN211566020090821
Let’s get this straight. A carmaker is spending money to build an engine plant to produce more care engines. No it doesn’t fucking matter that it’s a foreign carmaker. All that matters is that they spending money in an industry that was supposed to be on its hind legs and dying forever.
Market is going up.
Getting a little ahead of yourself tehre buddy. Total housing inventory INCREASED by 7% in July. And this does not include all of the REOs that banks are holding off on listing.
REO’s BINGO!!!!!! I know a guy who is still living in his house 11 months after it was foreclosed on. The banks are keeping tons of excrement off their sheets.
By the way, it’s not just the Bears getting their faces beaten in, the market neutral traders are getting a pretty good spanking on the call side.
While equity market neutral strategies have been cinnamon-bunned into a fat man’s abyss, playing the embedded calls in fixed income convertible bonds (long only – obvi) has been a very profitable strategy for hedge funds; that index is up 38% through July. This is top strategy out of all of the indices tracked at HFR.
http://www.hedgefundresearch.com/hfri_fof.htm
Come on, now, fellas. Let’s not get overly giddy.
This market’s a manipulation fest and we’re just on the right side of the ride.
There’s still way too much debt/deleveraging that needs to go on. The U.S. consumer still has his balls on the chopping block with the guilletoine on its way down. People won’t be spending any time soon.
And when employment finally somewhat recovers, they will be bludgeoned with the massive taxes we’re going to need to pay off all the government debt.
My bullish bias ends in September–We’re not just gonna rally right back to where we were circa Jan 2008.
True ‘dat. My momman always said, ‘Stay humble or the market will do it fer ya.’
The difference between a pro and an amateur is the pro doesn’t have an option, just an immediate view of things. Keeping a bias positive or negative when the market tells you otherwise is just plain stupid.
You mean opinion right? I agree 100%. You can have an opinion, it’s either right or wrong. Your P/L tell’s you which it is.
Yes, opinion
“Those who cannot remember the past are condemned to repeat it.”
Market goes lower in September/October.
The past also includes bearshitters who were screaming for S&P 150 in March. You know how that panned out, correct?
Right now I would expect a shortage of elastic at your local AC Moore for all of those expanding sweatpants waistbands of the bears (or dogs). Don’t go by shelf counts either, these are exclusively internet orders, indeud.
How communist are the idiots on CNBC???
quite
Afternoon squeeze party about to begin. Hold on tight.
Next Stop 1050? Where’s Henry?
Feeling an HBAN take-off
Henry is on ice.
Probably trying to figure out how to buy stock in the company that provided the vasectomy scalpel.
LOL
Beat me to it… I was gonna suggest “tryouts for the Vienna Boys Choir.”
__________
Where ever he is I’m sure there is an icepack between his legs, still. Los Cajones
Or the Barbershop Quartet from Family Guy:
http://www.pinkbike.com/video/32445/
“A vasectomy’s a medical procedure
One that makes you half a man
Remember when you twisted up your garden hose
Well, essentially, that is the plan”
Looks like C is getting the squeeze.
Immediately needs to be read blog-post — I’m looking at the afternoon rollover of UUP here, and a target of $23.05. Good time to take a trade in your favourite (sic) precious play for a quickie.
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I just got into FTK this morning. My favorite kind of stock, a roach motel with a promising chart.
BTW, you haven’t missed the chance of a lifetime in natural gas. It’s probably here.
Watch TMR.
…For an upward move.
Not so long ago, the Fly was a bear writing about fundamentals & how they meant the market would go down.
Now he’s crowing a different tune.
Selective memory, Fly.
The haters return…
MOS having trouble breaking $55 the last few days. Decent volume on the September $50 & $55 puts today….hmm.
Everyone is getting so comfy and cozy with the market going up and up and up, kinda makes you wonder, no?
Just a thought.
Long some TSO, LVB, BYD.
Just like Twitter, Danny’s ATM is on the blink …. wonder if someone punched his mustache off?
How about citing the reasons you believe that you believe that a meltdown like 08 is not going to happen instead of just proclaiming that it won’t happen?
Exactly why don’t you think we are going to see a meltdown? Karl Denninger predicted the meltdown in 08 and he still thinks we are ultimately headed to 750 or lower again. What makes you think he is wrong this time?
The tape is insanely bullish but the macroeconomics say that it is not sustainable.
hubris will beget you falling on your sword.
Joe Buck reads iBC!
He just told Troy Aikman that he missed something “much to his chagrin”. LMAO!