Young man, you are very stupid and naive. The game, better known as globalization, will not be disturbed willingly. The Chinese will not stop buying our treasuries and the Greeks will get bailed out. If you seriously think the Chinese will start dumping treasuries, in order to “get revenge” for some oddball reason, you are delusional. If you believe that, I have a spare time machine for sale. Are you interested?
Enough of the dramatic conspiracy theories. KEEP THAT SHIT ON OTHER low end sites, where tinfoil and burlap are the preferred evening attire.
Into this fucking melt up, I like stocks. I like lots of them, particularly POSCO (ADR) [[PKX]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , TEKELEC [[TKLC]] and [[EWP]] . That’s right fucker, I like Spain.
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I demand as a freeloading reader that you find another song. This one is worse than listening to Miley Cyrus “Party in the U.S.A.”
I understand it is especially tortuous to men dressed in burlap.
I have my burlap shorts on while frolicking on the snow. It feels great enjoying myself knowing that I am picking up long term short positions for the coming downdraft in the market.
Fly, you must admit that the overhang on the market above 1100 is quite huge. It’s going to take a major positive story to get this market above that level. I suppose maybe the news tomorrow from Iran could be the catalyst. Something to the effect of, “Iran has decided to convert everyone to Judaism out of respect for Israel and the Great Empire of the United States.”
FIG
I really do like your enthusiasm for Armageddon. Moreover, I am pretty sure I have banned you before, judging by your tenacity. However, do not misconstrue fake news with real.
More on that later.
From what I have gathered, this is not fake news. I am adept to fake news out of Wall Street, and understand fully how people like to claim that Germany somehow gives a shit about their Greek neighbors.
At this time, all real news is negative, and good news is fake. Similar to the Fall of 2008. I am looking forward to a test of S&P 1100, I really am.
I know you are smart and will change your stance on the market soon. I am interested to learn how you change from bullish to bearish though.
Dear FIG,
News is crap. it’s manipulated and fake anyway. Drive the market down.. then send it rocking back up with a series of news stories.
People have ADD in this new Facebook, Twitter world. The story of Sovereign Debt will be boring real soon to many and they either come up with a worse news story or they turn this around to keep people interested.
I already forgot what I was going to say as I need to check Facebook.
Lulz’d at that last line.
😉
(there’s a face for your book)
________
I’m not in burlap! I’m Long Duck Dong. I admire your calls, your blog and your generosity to help people who deserve no help.
But the “Bear Hunting” song is ruining my life.
WE’RE NOT SCARED.
Dollar bear hunt?
Chart Chompers check it out>>
http://ibankcoin.com/henry_fool/2010/02/10/peix-chart-update/#comment-1011
The men in burlap robes should be vanquished to another place and time….
WHAT A BEAUTIFUL DAYYYYY! (shum shum shum shum, shum shum shum)
lunatic eyeballz FTW!
We’re not scared!
Sanity raising its head in bond auction.
michaelrosenyes is his name on twitter. He will singlehandedly save us from the ZeroHedge/Peter Schiff takedown of our society.
Won’t it be fun when the Peter Schiff Senatorial race has to explain his “demolish the US” comments to the Saudi’s? I can’t wait. http://www.youtube.com/watch?v=nE6niF0TVTs
LoL I still remember when The Fly posted that–he said something like “Peter Schiff is a fucking tool and should be put in GITMO”
I stand by my words.
Faber is smoking some good shit. Why would “all” governments default on their debt, if they can inflate their way out of their obligation?
to start ww3….
As GW mentioned last year when I thought the same thing; not all govt’s can print money like we can. We can do it because we are able to maintain our purchasing power for a number of reasons. Other countries can’t without hyperinflating, killing consumption. Also, the cost to import goods from lesser inflated nations would put lots of industries out of biz.
LOL. You jest. 10% reported unemployment (closer to 20% in reality), and we can “maintain our purchasing power?”
Where did you come up with that idea? We have already been through a massive delevering of the credit markets and have artificially reflated through extremely low lending rates.
The top blew off of the bubble when Gold powered through 1100. Now we need another injection to keep the fallacy going. Too bad our rates are already at 0%. The Fed will now inflate through new means out of desperation.
The Fly is depending on that new injection to show up in the market with gold prices powering forward, and everything else following suit. I, on the other hand, don’t believe it, because I don’t see the idiots in Washington taking any action until they are forced to by an imminent collapse. That collapse is yet to show up because the machine is not ready yet.
Do you know what purchasing power means?
The fact that I can buy a TV made in Japan for the same price as 3 years ago, despite the USD dropping nearly 30%, means that we have maintained purchasing power. It doesn’t have anything to do with poor fucks who can’t afford shit due to unemployment.
Yes, everybody here knows U6 vs. U3 smart guy. The U3 is the one that we use at the casino.
You are making the common mistake of letting your macro thesis interfere with your short term decisions. That is why most fuckers missed out on the March rally.
Your milkshake, sir, does not bring anybody to the yard.
And what’s more, to his great shame and chagrin, I have drunk it.
________________
Indeud
http://www.youtube.com/watch?v=rDVzmbtVZ6s
T-Moe and FIG, what happened?
What happened? Nothing at all. We are still under S&P 1100. Ask me when we close above that level. Until then, I add on spikes like I just did with DRV.
Yeah but we’re above 1054 and a bunch of other numbers I can pull out of my ass. You think the G30 doesn’t have this sovereign debt shit all planned out? How about the fact that GDP clocked in at 5.7%, unemployment is under 10%, and earnings weren’t bad? None of these things have been reflected in the market because of this PIIGS bullshit and those buck toothed faggots across the pond.
Dirk,
1100 is the 100 Day EMA. That is why I am using that as a guide.
As for the other bullshit. Real Unemployment is much higher than 10%. GDP is up, and will double as Obama says within 5 years. It will not be due to growth, but rather inflation.
The PIGS bullshit is not bullshit. We have the same bullshit in our country, we choose to ignore it until it’s WAY too late.
By the way, take a look at the LQD chart and tell me how it looks to you. Then after you do that, let me know what the impact of the move is on stocks.
What if i was to say to you the REAL unemployment is 5%?
your perception of the REAL unemployment numbers being higher brings nothing to your argument. do you mean structural? frictional? cyclical? regional? lots of economists consider full employment to be between 5 and 6% unemployment rate. anything below is shortage situation with undesirable inflationary effects. 10% isn’t THAT bad. lot’s of euro countries have been keep on keeping on an average of 10% for many years. lots of those “eurotard” country have what many consider better standard of living (and that included liberties and freedom) then the US of A at an average of 5%.
like most thing scientific, unless you have the post doc to prove it, go with the consensus.
you can’t redefine the numbers according to YOUR own perceptions.
… and PIIGS bulshit is what it is. bullshit. was there anybody that truly believe germany and france would not bailout Greece? Not bailing out Greece would be complete insanity. as you should know most europeans do not believe in gods and feiry shit (like your sista palin) therefore Armageddon isn’t something they tend to look forward to. They don’t tend to bathe in the sweet cleansing embrace of the Rapture.
not that Greece economy is not completely fucked. but that’s what you get when the majority of the population hide their revenue in order to not pay taxes.
Congrats on the most idiotic rant of the day. The G30 or 20 or 7, take your pick, do not have the PIIGS thought out as the charter prevents every rumor circulating from ever actually happening. GDP at 5.7% do you really want to go down that road? That number will end up at about 3.5% if your lucky, average GDP hit after massive stimulus efforts is 7% so go figure that out. Unemployment below 10%!? Are you serious? Sure they will get unemployment down to 5% because they keep taking people out of the labor market every month, ah duh. The thing about data is this, look BEYOND the headline numbers.
I am a bear with good reason. However, I know what and why the Fed is doing what they are doing, the Fly is right, they want higher prices. The problem is they are screwing everyone in the process and higher prices do not mean real economic recovery. Be that as it may, I am bearish on the overall markets because I am not a fucking idiot, but I am bullish on biotechs, some technology and obscure markets like Africa and Poland, I know but fuck off.
milkshake, yard.
Uhm… we’re fargin idjits?
Back from hitting golf balls.
Too cold to stay out long. Only about 55 degrees.
I should have held on to my XLF a little longer but tomorrow is a different day for daytrading and could be a short (or a long-flip a coin).
TC – Please count your blessings:
1. At least it’s not “blizzarding” [sic].
2. You didn’t need to use orange golf balls.
3. Nice trade on the XLF.
So…you don’t have a spare time machine for sale?
I was hoping to go into the future and see if FCX ever hits that 120 price target in 2010.
Fly,
You need to sell some Burlap Wear! The hottest seller would be the 50-50 burlap/spandex underwear.
Thank you for the cheap DRV. Just added at 15.27
Bears like to condense year long trends into week long events. It’s asinine. Eventually China will get off of our Treasury morphine drip, but for now we continue the symbiotic relationship. As for now, we are CAPping higher and have entered the “cock spin zone.” Feel free to opine.
Its all old news. you want to rally markets with this!!
don’t you mean the fed will not stop buying our treasuries and GS will get bailed out? nevertheless i agree with your sentiment.