[[TLT]] is down a buck on PIMCO witchcraft. The stage is being set, ever so quietly, for a flight to quality, with Portugal getting downgraded by Bitch, the dollar ripping to the upside and stocks expensive as shit.
LOL. I’m just kidding. What was I thinking? You know damn well this market is sucking the helium balloons, produced by the trading robots at Goldman. There cannot be a pullback, especially before the April 15th tax deadline. Don’t be silly.
However, in the event stocks take a temporary pause, [[TLT]] will recover from today’s voodoo induced sell off and charge into the mid-90’s.
Separately, John Corzine, former Governor of NJ and President of the United States via CEO title at Goldman Sachs, is now CEO of MF Global Ltd. [[MF]] . Without a doubt, MF will receive some sort of oddball stock appreciation, thanks to the appointment. Keep an eye on that one, as well as CIT Group Inc. [[CIT]] .
Finally, Adobe Systems Incorporated [[ADBE]] smoked numbers, as they always do in March. I am not selling, especially since my long exposure is so limited. With my idle cash, for now, I will just sit here and stare at it, marveling at the prospect of receiving sub 1% money market rates. Life is pretty fucking boring right now, as far as my stock market life is concerned.
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All explained (I think), here.
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just watched Scott’s streamer for this morning….he is right on top of this game.
again, I’m really glad you have him here.
Scott, good show.
Scott is great. His picks have been even better than his show.
Gross on debt
http://english.capital.gr/news.asp?id=932432
Helloooo. Buy XLF on the dips.
Helloooo. Uncle Leo is using the POT. For medicinal purposes only.
Looking like another good day
Going to get me some more crack
Bill Gross and Mohamaed El are douchebags extraordinaires.
Mohamaed El is really Lurch on the Addams Family.
I understand Thing is one of Pimco’s money managers.
Cousin It.
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Yeah billionaire douchebags too, you fucking dutch bag
(a dutch bag is a really really stupid single digit IQ douchebag)
What’s April 15th got to do with the market not going down…if anything, I would think it would go down before then given people need the cash to pay their taxes?
“They” used to say the market would never go down before April15 because of IRA funding, etc.
Taxes? Who pays taxes anymore? Taxes are for suckers.
True…1099s are the last great tax loophole out there…that’s why Obama is going to institute a “trading tax” on hedge funds and independent traders, so they don’t have to worry about your trading profits anymore…but not before he gets the market to Dow 15k!
Market will be green by end of day. NO PULLBACKS EVER AGAIN by Obama executive order.
Free Kools and Newports for awl my friends!
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I’ll take my KOOLS unfiltered, please.
For what it’s worth jimmie would like to submit that when the January correction occured NOBODY expected it to be as deep as it was.
Still, 100% up room to go we should be at SP 1300 by April 1st.
I would love to see the fear gauge blow the fuck up right in the face of the IBD robots for grins and giggles you know?
This pullback is a gift from the bull godz and will only last a few more minutes at most.
I am backing up the truck leveraging long up to my eyeball with SPY, QQQQ, IWM, FXA, FXC, GLD, SLV, DBB, USO
I am also shorting UNG, FAZ, SRS, TZA which go down every day.
Making massive coin in this market is like shooting fish in a barrel. And I have government backstop from Ben Bernanke who guarantees me that stocks will only go up every day for an “extended period”. This is bull Nirvana!
Boring is right.
Downside will be limited until China decision and April 3rd launch of IPad.
Goldman traders are rebooting their servers. Once back up, get ready for 40pt up day.
Like clock work.
Once Goldman’s servers are back up, they will prevent the market falling below 1155. They have a very sophisticated algorithm also which buys when SPX falls 20 point from highs.
Get the popcorn ready…
Frantic EU seeks solution to Greek debt crisis
Germany’s economy minister Rainer Bruederle repeated that position Wednesday, telling the daily Passauer Neue Presse that “aid for Greece would be the wrong signal. We must not create a precedent that other eurozone countries can refer to in the future.”
“It cannot be possible that German taxpayers have to pick up the bill for mismanagement in Greece and elsewhere,” he said.
http://finance.yahoo.com/news/Frantic-EU-seeks-solution-to-apf-1419386988.html?x=0&sec=topStories&pos=2&asset=&ccode=
MF stands for let’s bank some coin mother fuckers.
Corzine did a great job with NJ, didn’t he? Maybe MF should be a short on this.
Im bored too
C’mon boys & girls lets…………………………………………put your hands together and ………………..
http://www.youtube.com/watch?v=pnuijDieOvY
Ok, time to fill the gap and go green. Goldman and Joe the Plumber have loaded themselves with call options from morning pullback.
USU nuclear play up over 9% today (light vol) and well on its way to first target of $6.50. Stock has risen >50% since the call was made at the January 27th SOU by Oshamalamadingdong. Short interest is STILL 14%. Love you long time USU.
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FCX holding its own at the $80 level. This is a scary position, albeit a half position, due to China concerns and market topping concerns.
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DNDN down less than 1% today but my Jan ’12 40 calls banking coin today. Stock price of $40 right around corner.
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Just got into BRCD today and enjoying 2% run.
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Dumped QID and VXX today banking coin int the push down, but the trades were losses overall. Nothing big – hedgie type trades.
TLT gettting the homo hammer. Ugly auction it seems. But equities don’t give a f*ck apparently.
they will … swift movements in huge markets, like bonds, ain’t good for equities
TLT & interest rates getting smoked
Int rates back to where they were this am
aaaaaaannnnd getting smoked again
ZSL 4.53 +0.23 (5.26%)
Good afternoon ladies and gentleman, This is your Goldman Robot Captain speaking. Today’s flight to nowhere will take us over the Siberian traps and over the steppes and taigas of the least interesting parts of Kazakhstan. Your dinner this evening is a mild corn based gruel paired with ho-hum beverage made of high fructose corn syrup. Your 47.49 year old flight attendants will provide completely average levels of service. We will be landing in the same place we started at exactly the same time, only one day later. It’s currently the same temperature outside at our destination as it was yesterday when we first left. Thank you for flying with us.
Off to the tanning place to get a tan before the Obama Tax takes place.
Dick Bove is guaranteeing BAC will be trading 50 by summer 2012. Says he will take all bets to those who think not. Says if he loses he will pay off said bets in heavily salted falafel balls
I imagine that this comment by the Chinese had something to do with the last auction:
http://www.marketwatch.com/story/text-of-us-lawmakers-letter-on-chinese-yuan-2010-03-15