Oh, the pain is just too much. With sweaty palms and a hunched back, you cover your shorts. You cover your shorts, because you are a broken defeated man, with zero sense of how to break out of the mold of mediocrity. Instead of taking responsibility for your own actions, you point fingers at others, accusing them of illegal activities and outright tomfoolery.
The fact of the matter is, you are not built for this game. Oh, no. You are better fit to pick up my morning garbage or clean out public urinals, than invest money on behalf of others, let alone yourself. While it’s treu [sic], you enjoy real cheap commissions, trading via e-trade or Scottrade; however, you are an idiot and blow any such said savings on block-headed transactions.
Do yourself a favor, buy a mutual fund.
As for me, I will continue to bowl on you fuckers, until I am rich enough or too bored to care.
My sole trade today was getting long DryShips Inc. [[DRYS]] .
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fig
Market may be kind of wary of Obama on Monday. I know that I am wary of the SOB. Anyone looking at POT MOS FCX ?
Why would you be afraid of the man who is sponsoring this here rally, via printing presses?
because the speech is about turning off the printing press
Asshat: http://imgur.com/BUIJj.jpg
Hat tip to http://www.hotchickswithdouchebags.com
Fly:
Why do you believe there is such a 1-sided bear condition on the board?
He’s talking to Timmah and the Hun Lemmings.
_______
I like DRYS…I have been thinking it will lead the way, via an egregious bulbous bow wave complete with surfing porpoises.
On the other hand, inside selling is weighing heavily on my mind:
http://money.cnn.com/2009/09/10/news/economy/insider.sales/index.htm?postversion=2009091107
Those disgusting, filthy, dirty and diseased rotten scoundrels.
I like the put premiums on it. I’ll take a run at it if there’s a pullback to the low $6s
weekend reading or whatever… citigroup after the bell…
… we are lowering our weightings on Diversified Financials (from Overweight to Market Weight), on Semiconductors & Semi Equipment (from Market Weight to Underweight) and on Food, Beverage & Tobacco (from Market Weight to Underweight) for a variety of reasons including extended earnings estimate revisions patterns, valuation issues (for Diversifieds and Semis) and decelerating pricing power (for Food, Beverage & Tobacco).
Consumer Services lifted to Overweight. The Consumer Services group (which incorporates, Hotels, Leisure, Cruise Lines and Restaurants) is being raised to Overweight due to attractive valuation readings, supportive earnings estimate revision trends and better fundamental drivers. Admittedly, issues such as stubborn unemployment and an expectation for only modest job gains in 2010 may make this shift seem like a less-than-obvious choice, but one could argue that is what is keeping sentiment restrained as well and allows for climbing the wall of worry.
Two groups go on downgrade watch. The Materials group (currently at Overweight) and the Retailing group (presently at Market Weight) are both being placed on downgrade watch as earnings revisions trends are fairly stretched and indeed already are beginning to slide for Retailing. With respect to the Materials sector, valuations look unattractive but the ISM trend should remain supportive for now. Nonetheless, some caution seems warranted given the run in both groups year to date.
… As a result of the industry group changes, we are removing Hershey Foods and Intel from the Citi Recommended List and adding Carnival Cruise Lines.
Thanks again for the info.
Explains why INTC and TXN barely got positive early and just kept drifting down all day (even with an INTC upgrade this AM).
I bought a bunch of INTC early and SMH for a daytrade and saw they were not acting well in light of a market bounce so I dumped them about ten minutes later.
I had said to myself something is fishy and now I know.
Not that there would have been selling by those in the know before the above news hit. That would be illegal.
You make me almost want to boast of my massive, egregious winnings.
Almost…
But I am wary of egotism, so only mi famiglia will know,
Let’s just say the combination of FedEx/UPS and the continnued PM bonanza made it so….
Ah dint even havetah use mah Aye Kay.
Yeah, Ah’d say it wuz a goot day.
Off to guzzle fine aromatic and hoppy ales.
Salud.
___________
You should toast the Chinese – the Shanghai Put – the people who have the money and buy gold on the dips – $1000 may become the floor soon.
I’ll pour out some of my fohty for the Chinee who are so late to the game. I will sell to their run over bodies.
____________-
CITI Bank sucks worse then having your mother going down on your best friend posted on youtube.
That said, one should not listen to such nonsense.
regards
chuck
Chuck, keep it light this weekend eh?
Best,
Jake.
__________
Indeed I will.
Thanks
my short pm’s position is 75% complete
now time to be a sailor till monday
http://www.youtube.com/watch?v=2ZFr2Fh66zs&feature=related
This is going to be fun.
Please, leave me updates on my blog.
__________
I opened short positions earlier today in CRE and oil, if for no other reason than as my own personal fuck you to the Fly and the bubble he rode in on.
Fighting the trend is often very wise.
Please wear dogtags so we can identify the remains and have them shipped home.
____________
“treu”, better learn some kraut fly, you have no clue
treu(sic) is the most hilarious form of true possible. You sir, have no clue.
Fly,
what you think of $ALY compared to $FTK?
Sunrise – http://www.youtube.com/watch?v=okxAi06PTAU
WOW! A few haters pop up. It’s not really a contest but the Fly killed the market last year and he’s doing it again this year so betting opposite him could be, no, make that would be perilous.
I am not betting against the fly but cashed out alot of my positions and willing to eat some burger for a while. the market was acting rather nervous today since good numbers from FEDEX and good consumer sentiment failed to spark a rally
the market feels like a fat now. I might stay out til mid OCT.
Knight watchman:
TIM’s bullish. Well kinda if you know what I mean.
I don’t believe we’re heading for an apocalyptic plunge.
I’m just kidding. Getting him to admit the above is an improvement.
However to show he’s as bearish as all hell he makes the following comment.
No hedging; no equivocating; no weasel words. I believe the following:
• The S&P will head down to approximately 950 within the next six weeks before bouncing;
• It will reach about 790 by early in 2010 (probably by March);
• It will reach its ultimate low at about 600 in the next few years (2014 or so)
And no equivocating, nor weasel words on my part Tim.: you’ve fucked it. We’ve had one of the biggest, strongest ralles in stock market history and you fucked it.
The comments on his posts are plentiful. How does that idiot find so many followers?
Is it true that so many would rather be right than rich?
http://bit.ly/zImQA
The number of posts and comment numbers have risen steadily (and proportionally) as the market has rallied and he has been more wrong. At the same time anybody that knew anything at all about investing, trading, or making love to a woman has long ago fled for other sites. What is left is a shit soup of sorts, kind of hard to sum up in one sentence.
1) Obvious male posters that change their avatar to a supermodel and then pretend to be female to garner a bunch of comments about how hot they are.
2) Everybody pretending they are at a bar drinking after a hard week of commenting on blogs. He’s been keeping this creepy thing going for months now.
3) Comments about other people’s avatars as if they actually were that person even though it’s Bill Murray from Caddy Shack or some bear taking a dump in the woods.
4) And of course the typical “why won’t this market go down”.
Occasionally somebody new sneaks in and says something provocative about the markets but they soon leave having been swamped by links to Youtube videos or a scintillating discussion on the cultural significance of parachute pants. And that’s what passes for an online community.
Lemonj
You ought to take over as the Watchman: you’re assessment is really amusing and hits the bulls eye every time.
What’s up with the bar shtick? That’s really bizarre. The supermodel avatars also creep me out. Some freaking dude in basement sweating like a pig to save money on the AC as he’s short from 50% lower in a heap of stocks pretending they’re a super model is really freakish.
I agree, the number of comments there has risen since the market went up. It’s like ultimate bears den- each reinforcing the negative views of others.
I think he’s kind of screwed though and won’t turn his public view because it may soon be too late. His real freaking nightmare ought to be that this market rallies to 12,000 (no fellas I’m not making a prediction) and he’s still bearish. He’s then completely fucked as he won’t have any more excuses and bar scenes on Friday night simply won’t cut it. By then his entire readership will be seeking bankruptcy protection. Lol.
However the association of the rally’s start to that UK singer would have to be the “best” crap I’ve actually ever read. I was so pathetic that I honestly felt sorry for him.
Lemonj – I agree with j, you have a really good assessment of that evil site. You’ve both got me creeped out about the avatars.
I’m really fascinated by the number of idiots on the intertubes that are uber-bears. I guess they’ve been seduced by fact that if they were right when they went short from a much lower level, they are “more” right now that the market is higher.
Back in the “olden days” it took balls to be short stocks. You needed to find stock to short, and find a low risk place to short where you could get an uptick to get a fill without getting hammered by slippage on the downside or squeezed to death on the upside. For a small retail investor a well executed short was a thing of beauty.
Now any bozo can pretend to be a gunslinger by entering an order for an iETF. Let me tell you, it ain’t the same. Shorting the old school way required patience, discipline, timing, and good risk control. Hallmarks of good traders. These uber bears display none of these qualities, otherwise they would have flipped and gone long by March 12th.
He’s caught in that terrible spot where the only thing worse than the market continuing to rise is the feeling he’ll have when he throws in his cards and the market promptly tanks. His new approach (for this week at least) is to be the hard-line bear, the one that comments on all of the other bears capitulating. So he’s self-ordained that prediction of his a bold call even though he has given it in the time frame of 5 years. If I’m predicting 5 years out I’ll bet we crash and recover three more times, doesn’t exactly make me Nostradamus now does it. Keep in mind a few weeks ago he was trying to paint himself the guy that called the rally (but didn’t bet the rally) so who knows what he’s going to try next.
The one positive of a bearish blog is that you will ALWAYS have many followers. They band together for comfort.
He should change his focus to a date site. Now that’s a money making propisition.
______________
The Fly should consider giving you your own blog.
Good stuff and it can’t be worse than the nudie pics of the whores on Chuck’s blog(no offence Chuck, we all know how you like to bang the egregious whores)
TA:
You kidding me. Chuck’s blog is the best on the site. It’s the draw card of the site. Each morning I get up get my coffee ready and then jump onto Chuck’s blog to see who is the latest bangee victim 🙂
And the latest has the best rack I’ve seen in a while now.
———
Na, I’m too undisciplined to run a daily blog. I’d bore the shit outta people.
As I keep saying, it really think in the end that it doesn’t really matter what indicators people use for trading… whether its fundamental or technically based or a mix of both, as long as their use are pretty consistent and they allow the market to dictate what’s going on. I also includes watch your arse money management of course.
TIM draws couple of lines on a fucking chart and tells people its the top on a stock. WTF is that?
Disregard.
Bobby – Too much fun last night?
http://ibankcoin.com/chuck_bennett/
Indeud!
i like how he pulls SPECIFIC dates and numbers out of his asshole, like he’s some kind of fucking lotto psychic, even though he’s consistently wrong.
phaded. priorat.