Today was a pivotal day for the markets. We could have folded up tent and tanked, but we didn’t. Despite gold receiving the “homo-hammer” for most of the day, the markets rallied back and took what’s rightfully theirs: bearshitter capital.
Gold, oil and other commodities will trade up from here and Green Mountain Coffee Roasters Inc. [[GMCR]] will punch the cocks off of those who bet against it. Do not make the childish assumption that your charts foretell anything. Using charts to buy stocks is equal to watering the lawn when it snows.
For the day, “The Fly”enjoyed modest gains; but he is setting up for something far more perverse. He’s been buying Chinese stocks, like [[YONG]] , China Digital TV Holding Co., Ltd. [[STV]] and [[HEAT]] , with the hopes of malfunctioning tradebots running wild, slapping the tits off of you sloppy short selling salad makers.
Into this new leg up, I am emphatically bullish on Chinese, Tech and Energy related stocks, with a heavy emphasis on names with large short positions. And, don’t forget, I like names like W.W. Grainger, Inc. [[GWW]] for “$100 roll prospects.”
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“Using charts to buy stocks is equal to watering the lawn when it snows.” LMFAO
This internet leach wants to know if you’re going to buy some Sandridge at these prices.
Shakes Magic Chart 8-Ball for GMCR:
SORRY, DISTRIBUTION
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bullshit. It’s an arb play. The REAL distribution is in the precious, you Lord of the Ring Uncle Fucker.
Right… they are selling gold now because Uncle Ben has turned off the paper printing machines and all is well?
All clear, right? Time to buy teeny tiny plastic cups of instant cawfee?
Poor, poor Smeagol.
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I think it should read, ACCRETION.
You mean “accumulation?”
Magic Chart 8 Ball sez:
OPPOSITE, UNCLE FUCKER.
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In the context of mergers and acquisitions, accretion is referred to as the increase in a company’s earnings per share on a pro forma basis following the transaction.
Indeud
Financial-terminology phace, right thar.
Nice one Real.
Not for nothing but if you think Mr. Gint, aka “Mr. Bombastic”, doesn’t understand the meaning of accretion, especially in the context of M&A, you’d be sadly mistaken.
… and he doesn’t need you to lick his balls, DMG.
Treu – but i may need to kick yours into your assehole
Relax.
Blood is thicker than water.
Capisce?
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Capite is the correct Italian spelling … ovah heah!
No shit. I was being snide. Are you related to him? Do you talk to each other in Fibonacci sequences over the telephone?
Yeah, thanks.
That’s not the opposite of distribution, however.
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I’m aware. Whatever, 8-balls are for pitchmen, or DJs.
@The Fly: Have you looked at CTRP lately? They sell airline tickets and book hotels yet have a market cap of $5 billion.
The Fly has been pounding the table on Ctrip for a while now
I just finished reading the last six months of your posts Fly and now everyone else is just sooooo boring.
I flipped on my sprinkler system. The pipes aren’t frozen yet. I plan on figure skating out there momentarily. Yes, I’m a monster fag. Feelings on NLST? I would say “strong, to quite stong.”
Recently saw an ad for Nescafe Dolce Gusto, how many other pretenders are there now?
If that doesn’t tell you single serve is getting popular, I don’t know what is.
GMCR is a buy. Coffee helps prostate cancer BUY!!!!
You want to be able to lay pipe dont you
I drink like fourteen cups a joe a day.
My freakin’ grandkids are gonna be born immune from the “prostrate” (sic) cancah.
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Thats a plan .
Oh shit, now Lil’ Wayne & Gucci Mane TOGETHER?!
By their powers combined, they’re CAPTAIN WORSTRAPPERDUOOFALLFUCKINGTIME!
“slapping the tits off of you sloppy short selling salad makers.” Thats good.
Kitchen Bitches , Salad Makers, Ronco Coffee Makers, Did you used to work in a restaurant?
Everybody should work for an extended period of time in a restaurant once in their life. fast food don’t count. i’m talking about a steakhouse or a french bistro or your local chinese/italian/grec restaurant. and not being a useless waiter… i’m talking about the dishes, then the carrot chopping.. all the way to sauces and learning to cook meat right. not like your mom! Learning what the fuck makes a meal taste this or that. provide a quality product, fast, regardless of the stress. Live and die through a thursday night rush.
all valuable lessons.
SO FUCKING COLD IN CANADA I HAD 189 CUPS TODAY. KEURIG KEPT UP BEAUTIFULLY.
it’s sooooooo feaking cold the caps are LOCKED!!
FIG = Fly is gay
Two items
I am long ctrp from the 50’s. At my local supermarket, the loser at the register marvelled at my kcups, saying “what are these things, everyone is buying them.”
You explained — “remember Emil Rubik’s famous cube? — It’s like that.”
“Next year I’ll be on to the next thing they are featuring in the center aisle of Food Emporium. Maybe gourmet jellies or some shit.”
“Now, tote that tally, there, son, I’m in a hurry.”
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Fuck a bunch of Dolce Gustos and K-Cups… I’m going to start mainlining pure caffeine through a portable IV drip.
My thoughts eggsactly.
At 14 cups a day (average), I’ve got no time to be fucking around with teeny tiny phaggety ass plastic cuppy things when I want my joe.
Gimme that pot and keep it hot.
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all these banks paying back TARP which was an emergency measure to avoid a deflationary spiral will put extra pressure on Bernanke to avoid any whiff of deflation because if we fall back to another panic there will not be another will to do a new Tarp to save the system. He has to create major inflation. At minimum, he errs on the side of inflation and keeps rates low until the real worry is inflation. This will keep the WWLP going and continue the global arms race of devaluation. Which is why I think gold keeps moving up. Bernanke knows too well the risk of deflation and that falling asset prices lead to even less lending. If they are letting Citi pay back tarp they must know they are going to artificially boost asset prices from inflation.
I am thinking some out of the money June URE calls might have a nice pay off.
Good luck
never mind
brilliant. not sure about the last bit on gold given it is a broken market (fixes itself -> balanced buyers and sellers on increased participation -> gold goes up? gold goes down? don’t know, a discussion of the gold market is completely separate), but i agree that uncle b will not pull his foot off the accelerator until there is tangible evidence of inflation. there are other ways to circle back to the same idea, but it is always inflation.
the big question refers to $/eur. on one hand, we have demonstrated far more determination at destroying our currency than trichet. at the same time, one can see the euro hammered as it deals with its own preservation in the face of member country default and excessive euro bank exposure to property assets.
whatever – the price of a big mac is going up in either europe or the world. my bet is the price of a big mac goes up worldwide.
I don’t have a good feel for gold market on a daily basis and even though I am very bullish on it as an investment don’t consider myself a gold bug, I just think there is going to be so much liquidity pumped that a lot is going to head into gold, and the run up seems to be reinforcing the trade. Bernanke is in a no win situation but of all options I believe deflation scares him the worst (me too)…someone has to pay the price for the sins of the past and why not make it the baby boomers who helped put us in this situation. The more devalued money gets the more likely banks will start to lend it out. Like the Fly said once, the future will be difficult for people who do not own assets, but for those who are underwater on their mortgages and the banks who have them as collateral they will welcome some inflation.
One question I have for anyone who is a currency trader, expert or has a take on it. The worry is that we have so much debt that the Chinese and others will stop buying our Treasuries unless we raise the rates. But if every other country has to try and outprint us to try and stay ahead of our devaluation, will they end up being the buyers of treasuries with their new currencies? Could this be the reason the auctions are doing so well even knowing how much the US is adding to our deficitis because these other nations are buying them with their newly printed cash? This thought may be dead wrong, would love to learn what others know on this.
thanks
The weak banks are trying to pay back the TARP money so the suits can pay themselves big money. They don’t care (much) if the institution fails because of it.
Wrong, but it doesn’t matter.
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DMG and vqueen wear fanny packs
True story
DMG and vqueen wear fanny packs
True story ..
Who loves the new Goldman’s mural?
i know i DO!!
That painting is awesome. haters need to quit there trading job and get a fucking fine art degree.
I woulda prefered a Koon or a Hirst. a nice big fucking split cow in the lobby would have been a master coup by the robot masters.
get back in the kitchen
FLY has shitty taste in music.
Sell bitter morning liquids dispensed from teeny tiny cups, purchase more long lasting alternatives!
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lil wayne’s sentence and NY gun law http://ow.ly/Ktkt and how bout some no ceilings also! http://ow.ly/KtnC (sounds better if u download it)
Has anyone but myself noticed how fucking awesome the IBCNEWSBOT is?
Almost as good as drinking tequila w/ lime juice and getting belligerent with strangers
LMAO
Porthos, bring us some meads, sirrah!
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This may not be popular.
http://www.marketwatch.com/story/what-exactly-is-the-santa-claus-rally-2009-12-10?siteid=rss&rss=1
GMCR, RIMM, SWKS. indeud. missed you at Palm last week.