Like GW Bush aka “The Mastermind behind all things sinister,” I’m going it alone, totally skeptical of any substantial rally, especially on a lazy Friday afternoon. Don’t you know fucked up things happen over the weekend?
I just got back to the office, as I was out and about, frolicking around town. I do not like to be in front of my computer, where I can execute trades, because it’s a distraction. I know what I want to do and will stick to my game plan, regardless of meaningless intra-day spikes and dips. Hey asshole, not every tick in the market is a seminal moment.
My longs are doing well, as well as my hedges. I’m banking coin in GS, C, TEVA, SD, SHLD, ERY, HEAT and break even on VXX. But none of that matters.
Listen to me and listen to me good: I am fucking fixated on accomplishing my mission. Truth be told, it’s none of your concern what that said mission entails. All you need to know is “The Fly” is zipping through the future, while traders beat their faces in against their trading terminals, over at the famous homosexual club, The NY Stock Exchange.
Off to do something fun.
[youtube:http://www.youtube.com/watch?v=NLokvR5UsQQ 616 500]UPDATE: Having said that, I bought more CIEN, HEAT and GS
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fig
What does that mean? “fig”
F_Y _S G_D.
May I buy a vowel?
May I please buy a vowel?
The ‘Y’ up there is a vowel.
UH, I still don’t get it. Can anyone dumb it down for an engineer?
FLY IS GOD MOTHER FUCKER
BOYCOTT THE FLY WITHOUT LIMIT
http://www.ibankcoin.com/peanut_gallery/index.php/2010/06/26/boycott-the-fly-without-limit/
“Silas?” What did you just walk off the set of “Deadwood” or something?
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Vagtender says, who you calling what!
The Zombie, Aren’t you going to take this question?
Another Newbie. This site is drawing them like flies …..er……somewhat of a pun there, maybe only 2/3rd’s
I have an itch to lighten up on my VXX, which has been doing quite well the last few days. However, I’m going to hold tight as well.
Thankfully gold continues to make me money day in and day out.
Huggie,
I like gold too. I plan to add more on a pull back!
Then stop selling it every time your eye gets twitchy, damnit.
__________
I know Jake,
I should have held my IAG.
Hope you tell us when to get back in again. I plan to add another 5% of something to bring total up to 10% of port.
How much of your port is in precious metals?
Miners included, over 50%.
In my personal portfolio, “and moooooore.”
__________
Hey, Boss, you’re not alone.. I’m holding onto the bear shit too, betting on the finreg warm fuzzy tummy feeling evaporating over the weekend… Plus, I’m sure there’ll be some idiocy coming from the 20 clowns currently invading my home town…
I hear George Bush is headed down to galviston beach with his bucket looking for Earl.
STFU, asshat.
Even Dubya looks like Disraeli compared to this incompetent clown show bumblefuckery. Unfortunately, you were warned.
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Without shadow of a doubt, this idiot would have to be the mot useless president to ever live in white house.
I never thought it possible , but he is as equally incompetent as our very recent ex-PM who was rolled last week for being a moron.
What are you drinking tonight Fly?
I’m thinking Frac n’ Coke.
Going back to the alma mater tonight, so it’s going to be NATTY LIGHT POUNDERS AND SOCO SHOTS for myself.
“Follow the Leader” good musical choice; next up “Microphone Fiend”.
Dear Mom : I lost all of my money shorting oil into the summer driving months. Can I please borrow $20, to buy some fish sticks?
I am going to head the advice of the Fly and spend the rest of my day golfing.
I can count up all my winnings for the day later.
Those of us that had been up all night were in no mood for coffee and donuts, we wanted strong drink. We were, after all, the absolute cream of the national sporting press.
Let’s get down to brass tacks, man…how much for the ape?
well, as far as i am concerned, he and his father are/were both stupid and did their best to destroy the country – with some success – and give their chums as many second bites at the cherry as they could get. and i am a republican.
“Don’t you know fucked up things happen over the weekend?”
You mean like international central banking families using their purchased world media infrastructure to fabricate “good news’ about the world economy? And then manipulating the world markets via their coordinated central banks, to create the illusion that the news is accurate? Does that qualify?
I can’t think of anything more f’ed up than that. Ok, everyone dies of ebola afterward. There ya go.
Ebola… lol.
_____
No need to worry. There’s a cure for that now.
http://news.bbc.co.uk/2/hi/health/411030.stm
I dunno Fly looks like the shorts are heading for the fences here in front of the G-20…Looking like a reversal of trend as well if the market can keep this rally going today.
You are micro managing.
Just timing the market.
I pared back to 20% long, in this pop. This tropical storm is aimed right at the gulf. There’s nothing the G-20 can do about that.
What are they going to do, plug the well with that owl statue from bohemian grove?
What tropical storm? It’s not even named yet. You’re getting ahead of yourself here.
This one. Looks like it’s mainly going to be south and west of the rig site. If however, that is the case, the CCW circulation of the storm will bring pretty brisk on shore winds to the Gulf coast and a mild surge along with it. Probably not a good thing in any event.
Where’s Dr. Cane when you need him.
http://www.stormpulse.com/atlantic
I added to some longs. But, the thesis is the same.
What the fuck are you folks doing. You should be watching the WORLDCUP!
Anyway, since Le Fly loves market advise, I will provide: The market goes higher here for the next few days. Amazing how clearly one can think if they have no stake in the market.
Don’t underestimate the negativve impact the Fin. Reg. Reform had on the market in the last few weeks. Now that we know it doesn’t do muchorgo far enough, the banks will rally (look at GS) and so will the market for a week or so. I do agree we will see 930SP before October rolls in but, very short term, markets are heading higher.
I am really concerned with the G oil spill. I pray I am wrong but this has a potenta to be disasterous!
Soccer is ghey! That shit is pathetic.
I know it must be harsh on your brain, it does take a small amount of intelligence to understand that there are two colors and the like color players team up in trying to place the ball in the net of the other colored team. It takes a while but it could e enjoyable if you can keep up the color themes going. Unintelligent fagot!
Give me REAL FOOTBALL any day. A sport where 11 guys must perform their assigned task with split second timing and precision on every play. This is while a person of enormous strength and speed tries to prevent them from doing so and also usually while hurt or maimed in some way or form. Much unlike the soccer players who fall down at the slightest chance of getting a yellow or red flag thrown. Ghey is correct.
I hate to agree with you but that part is GHEY. I would red card those fagots that fall down for no good reason all day long and throw them OUT. Besides these fagoty plays, back to the days wen the soccer players played with the intent of scoring as opposed to falling/getting a free/penalty kick, soccer is by far the BEST SPORT EVER!
To prove your point you have to go no further than todays game of Portugal/Brasil. Them cocksucker Brazilian players acted like retired/old monkeys for 90 minutes. Insted of getting the best game of the worldcup so far it turned out to be a choreographed SHIT! I am sure the games get better going forward due to the sudden-death situation.
Let’s beat Ghana tom. If our soccer team can’t beat them fuckers in soccer, invade them cocksuckers! Do they have any natural resources woth our time?
Just shit tons of gold and silver.
Soccer is ghey, and I hope English is your second language. Otherwise, you are hereby “self-reporting.”
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I tried to enjoy soccer this year, I honestly tried as anything would be better than watching my local baseball team getting repeatedly pounded in the ass. Soccer sucked, starting with those annoying flutophones. Two teams, two colors, ball in the net, flutophones…….yep soccer is Ghey. Lets see a good soccer stadium riot. I may watch that shit.
based on your latest trades and the fucked up centrally controlled world govt no one seems to notice… i’d have to guess your thesis is cap n’ trade moving forward full tilt retard style
i almost forgot, fly is god
btw, first time posting after lurking a long time… thanks for all this shit
i might have to be #1000
1000 points of light
1 point of focused gamma laser
Don’t forget peace in our time…
Mastermind behind all things sinister was Cheney, or maybe Rove. GWB was the personality that was supposed to appeal to voters because they thought they would feel comfortable going out to have a beer with him. Bush was the person who pulls in the votes and then that’s the end of his job.
I’m with Fly on this, though I went FAZ instead of ERY and will get out today just in case something DOES come out of the G20. Don’t see it, though – I think this is where the stim/austerity rift gets blown wide between the sovs and Obama really starts to begin to pay the price for Afghanistan as Canada and Euro types smelling of elderberries reinforce to their own electorates that they have deadlines to leave and intend on adhering to them. The quagmire will soon be America’s alone.
Giggidy.
That, and the black rain.
chocolate rain!
time to relaunch the internets classic. http://www.youtube.com/watch?v=EwTZ2xpQwpA
Go QDEL go!
Need the fortune cookie with:
BP $0.01 (-$27.05)
Agreud.
Braveflaps Bitumen Black BP Swan FTW (Jan ’11 2.50)
i don’t get it.
why some idiots go long BP.
you’re already long BP through your taxes that will soon bailout this bankrupt piece of shit.
i see a pattern here… big cars … big financials… big petrols.. what next?
why regulate when you can plunder, rape and swindle while getting away with it and let the future generation clean the shit up?
drill baby drill…
this is what i was hopen for…correct that …i knew this would happen
i might even bonzzzzzz iiiiiiiiiii if we get a rally
Divergences occuring. http://www.ibankcoin.com/peanut_gallery/index.php/2010/06/25/divergences/
My 2 cents on BP.
I wouldn’t even look at it until there is a waterfall decline where the volume gets to an extreme and the prints are actually running behind the trades and traders are just upchucking the stock.
The decline thus far has been rather orderly. Nibble when you feel like it is the end of the world for BP and your fingers are shaking as you enter the buy order.
Also buy it when you feel like you are ready to vomit.
I think Fly knows what I mean.
Too many people think they have found the bottom.
I used to feel that way. Trading with the PPT cured it.
ask yourself where was the bottom of Enron, worldcom, bear stern, lehman bro.
that’s where BP’s bottom will be found…
looks like i might be adding to my FAS in after hours…
hey fly, f*ck you, now you can go and frolick about!
Ban-tastic celebration, coming to your doorstep.
Hope you all enjoyed the low volume melt up.
FAZ kicking my teeth in, but that’s to be expected because of the financial reform bill. It’s a one time thing.
Meanwhile, small cap business lending is drying up and real estate will lead bank portfolio’s soundly lower. China fuckery will hit oil futures soon, G-20 be damned, and Europe is not all peachy. We go lower until storage rates drop and excesses get wrung out of the system.
We go lower Monday.
Very truly so.
I think you may be right.
we go higher
my FAS anyway…dow and nasd might come down due to a sell off to raise cash to get into FAS
I’m pretty well hedged against a sudden move up, betting on us going lower still. Ideally, couple/few days of more selling, then a firm change of direction by Fri or the following week. I’m not predicting this, I’m just hoping for it 🙂
we need DJIA prediction contests. winners get a iBankCoin coffee mug or T-shirt.
I will volunteer to design the mugs or shirts for free.
Do you know what happened the last time iBankCoin held a prediction contest? FLASH CRASH!
Steven Place is right, BP is not part of ERY but at least APC is
Hopefully the baby and bathwater thing still works out
Top 10
Exxon Mobil (NYSE: XOM)
Chevron (NYSE: CVX)
Schlumberger (NYSE: SLB)
ConocoPhillips (NYSE: COP)
Occidental Petroleum (NYSE: OXY)
Anadarko Petroleum (NYSE: APC)
Apache (NYSE: APA)
Devon Energy (NYSE: DVN)
XTO Energy (NYSE: XTO)
Halliburton (NYSE: HAL)
You fuckers think so small. BP is one of the largest oil giants in the world. When they hurt, everyone hurts. I like the whole industry short.
Beyond Petroleum ….British Economy ouch.
True story… BP is giganto in the US natural gas pits (yes, natty). They often “set the market” for certain futures bids… friend of mine who works in that area said BP was noticeably ABSENT from the market this past week.
Maybe be doing something of a “GS” tantrum, or it could mean they are moving OUT of the US markets altogether, as a defensive play.
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I’m thinking an FTK blast-off to 3.50 by the end of August. I’m out if it just wallows around in the 1’s for the whole summer.
SLW (largest position in the JakeGint Empire)
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SLW is like 60% in gold and 40% silver? What is the most pure silver miner play ? Anyone taking a little profit in PM here ala Fly?…..with the intent to buy back later at a lower price?
I would just buy the SIL etf (holds equities in silver miners as opposed to SLV which has the physical commodity).
It’s major holdings are: Fresnillo PLC (Mexican play), SLW, PAAS, and Industrias Penoles CP(another Mexican play-also mines gold, zinc, etc.).
The rest is considered “more” junior plays.
http://etfdb.com/etf/SIL/holdings/
SLW is a silver streaming (ie, “royalty”) company. Not sure where you got the 60% gold — their agreements are mostly silver, w. some gold (less than 5%). From their marketing materials:
Forecast 2010 production, based upon the company’s current agreements, is 22.2 million ounces of silver and 20,000 ounces of gold, for total production of 23.5 million silver equivalent ounces. By 2013, annual production is anticipated to increase significantly to approximately 38 million ounces of silver and 59,000 ounces of gold, for total production of over 40 million silver equivalent ounces. No ongoing capital expenditures are required to generate this growth and Silver Wheaton does not hedge its silver production.
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When did it become OK to call your mobile home and three stock holdings an ’empire’?
And as for your ‘friends’ who will move $billions out of the country if the rep/fascists don’t prevail in elections???How idiotic you FoxNews lizards take the American people to be? Your friends don’t manage more than $10Million if they are so mentally constrained. They are going nowhere and your threat didn’t have any effect on anybody with money, just so you know! I wish you would though, our country would be grateful and better off!
Illiterate one — the fascists are already in power under the Incompetent puppet Obama.
Put down the People magazine for ten seconds and do a google search (you know what that is, presumably?) on the political donations of BP and Goldman Sachs.
Clue in, or do not — makes no difference to me, sheep-boy.
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fascists is “perhaps” a strong a word. corporatists if such a word existed… but anyway…
Jake what would you suggest as a solution to reduce large corporations influence on executive and legislative branches? many countries have stingy limits on maximum donation a person can make. furtheremore, most of them ban corporate donations.
why no limit?
interestingly, throughout history american right wing has often described the left as fascist.
Even thought fascism is labeled as far-right, in there time (maybe also today?), fascists never really regarded themselves as right or left but above and beyond the democratic dichotomy of the political spectrum. same thing for the class warfare. fascism is essentially anti-democratic as plurality in its many form (democracy, race, social classes, etc…) is a source of division, decline and weakness. According to fascism, bourgeois liberal democracy, its “failed” Enlightenment philosophy and civil institutions are responsible for the dysfunctions and failures of our society.
Who will watch the watchers?
fas·cism?
–noun
1. ( sometimes initial capital letter ) a governmental system led by a dictator having complete power, forcibly suppressing opposition and criticism, regimenting all industry, commerce, etc., and emphasizing an aggressive nationalism and often racism.
It’s really a kind of socialism directed by a strong dictator. When I was a kid they said communism and facism were on extreme ends of the political spectrum, and we were in the middle. (middle path, like Taoism?) That was never really correct. It’s not a linear spectrum, imo.
Eggsactly correuct. Traditional fascism and communism are just different shades of socialist statism. The biggest difference between Hitler and Stalin was nationalism vs. internationalism. Their end aims, shockingly, were amazingly similar.
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Cascadian, put away your dictionary and study history instead. WW2 in particular. Fascism does not belong to a political spectrum. Its essence is the policy of total annihilation of people of other races.
Capitalism and communism are ways of distributing national wealth within a society, whereas fascism has nothing to do with it. Its end goal is to dominate the other nations by enslaving them. How the “fruits” of such a policy will then be distributed depends on the social system. Germany was a capitalist state, or, actually, an oligarchy, and distributed the newly-acquired wealth accordingly.
Mixing communism and fascism is dangerous. We should learn our lessons well. At least that’s what I will make sure my kid understands when he gets older. Believing that fascism is just a “different shade” is missing the point.
JakeGint, your comments are usually very valuable and insightful, but here you sound naive (and you are certainly not). The end aims of Hitler’s Germany and Stalin’s USSR were no different that those of UK, US, or any other then-capable country for that matter–world domination. Similarity of the ends doesn’t make the means equal.
You are historically illiterate, so sorry.
I don’t have time to school you. Comparing Hitler’s Germany and Stalin’s USSR to England, however, has you self-identifying like our addled friend Joe.
Moral relativism will be the death of Western Civilization. Eschew it.
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Fascism and socialism are connected by the same door: just different rooms in the same house. Anyone who thinks otherwise is an idiot.
Some people never learn.
I guess I don’t understand your question. Why should there be limits to the first amendment rights to free speech? What there should be limits on is the ability for Congress to allocate funds outside of their purview — to choose winners and losers via the grasping arms of unaccountable regulatory bodies and arbitrary “rule makers” — evidence of which was the horror that was just passed the other day.
Let me ask you — if we limit the amounts one body can give — no matter the sub-sector — do you actually believe that this will limit the amount of de facto corruption and yes, “corporatist” control of our Congress?
Do you think television stations will begin to cut their prices on tv ads?
Do you think newspapers and blog sites will give free air time “equally” to all candidates?
No, elections will still be very costly, and because of the TRILLIONS up for grabs thanks to our ridiculous Federal pass through system, campaign money will become that much more leverageable.
So let’s get real cynical for a second and ask this…. Will “limits” on campaign contributions really stop behemoths like Goldman Sachs from giving money (through their various tentacular paths) to asshats like Chuck Schumer and Chris Dodd?
Or will those regulatory limits instead act as bars to smaller players who might wish to have a say, but don’t have Latham and Watkins to construct their lobbying strategy? (Check to see who the plaintiff in “Citizens v. US” really was. Hint — it was not British Petroleum or Goldman).
Make no mistake — the stakes are TOO HIGH for laughable “stays” like campaign limits to keep the money out of politics. If fixers like George Soros or Lloyd Blankfein or Andy Stern of the SEIU (head of the largest PUBLIC SERVICE* union in America) want “a seat at the table” (and it’s rumored that Stern has a permanant place in the Lincoln Bedroom), they will pay — one way or another — to see it happen.
There are TRILLIONS at stake. And that’s where we have to start first– in Congress’s ability to hand out dough and — more important — regulatory barriers — to the select few who pad their coffers every November.
And please, don’t get me started about the definition of authoritarian fascism (“corporatism” under Benito Mussolini) — it’s a well documented son of Marxism with a nationalist tinge. Here’s a beloved spokesman:
“We are socialists, we are enemies of today’s capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions.” –Adolf Hitler
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Here’s some asshats that thought they could play the “corporatist” game w. the Obominator, but got burned instead.
(Simpson’s bully voice): Haaaaw Haaaa!
Looks like those asshattish captains of industry who backed Obamacare thinking they’d get a warmer seat at the trough need to read the Tale of the Scorpion and the Frog again.
Naive dipshits!
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Well done Jake! You really put down a solid argument here. The only things that are lacking is your uncanny use of pronunciation spelling and the GOP.
The GOP is not in power, and they are in fact, a stark minority. I realize you wouldn’t know reading the local papers (my last Friday edition of my local commie rag stated “Republicans end employment assistance.”) but it’s been true since 2006, for goodness sakes.
I will admit they are not in power because they started down the path of corporatist corruption, but that’s what happens when you betray people who want small gov’t.
And almost everyone who pays taxes does.
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Despite my jabs, I tend to agree with your overall arguments, however, I get a little derailed when reading your one-sided tirades.
I am all for smaller gov’t in certain areas, but I can’t get how someone as seemingly in touch as yourself can still buy into the notion that Dems equal big gov’t and Repubs equal small gov’t. I like yourself, live in Louisville and have access to the local rag as well as national and independent outlets and while I’m no expert, I can see clearly that the political/corporate game is the same in DC regardless of affiliation.
Granted, but at least one side recognizes it, even if they don’t always act on it.
The whole reason the GOP is out of power is because they disgusted their base with their piggish ways. And you cannot deny that the Agean Stables are being somewhat hosed out.
They got rid of Bob Bennet in Utah, for goodness sakes.
And I realize that the GOP will never be perfect, and that many of their folks are part of the problem. However, going “third party” or losertarian is only a recipe for letting the socialists do even worse than they already have.
And what they’ve done recently is breathtaking… unprecedented and dangerous.
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SLW over GLD? I went with GLD. I may hold it until I can draw off my IRAs and 401Ks. Don’t look like nuttin good is going to happen for a decade or two.
Can’t go wrong with gold. GLD, may be a different matter, depending on various gummint’s appetite for confiscation.
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Yey again, the fly is spot on.
I have question. Fly do you remember your first homerun ni a stock, and how did it feel?
sorry i’m a little dyslexic
Strategery…….fuck face.
Fuck dude I been banking some decent coin lately with all the fuckery. Consider today I bought some MA, FSLR & PCLN at the open and sold at the close. Cha-ching for this degenerate OTB asshole I’m drinking really expensive tequila and cognac tonight.
Good fucking times mang~!
Fly, question for you…
What’s your experience with owning a small cap that just got added to the R2000?
Do you hold and ride higher? Or have you ever had it reverse on you following the addition to the index?
It popped on huge volume.
Thanks for sharing your wisdom in advance.
Good weekend all
E 2 the R 2 the Y!!
E 2 the R 2 the Y!!
Btw, bought SD today, also lit my drinking water on fire
Carson
Look under “fly stories”
It was aol: 6k to 250k
Great story. Some people are just winners.
http://www.youtube.com/watch?v=258Y-YZDsKY Fly’s Mentor
SAM Time Machine Driver……Fly Is The Rainman of Stocks
In city is worth 4.00 is bp worth 30.00 i heard it said. Kinda true
Sorry if citi.. I mean
was wondering when gs was gonna move. how do feel about rig right about now.i think their time is due, and the real shit about them being part of bp’s patsy will be realized that those motherfuckers are ready to be bought
what say you . mother fucker,i know youre itchin to pull that fuckin trigger. cause fuckin RIG, there not fuckin bp. my fucking hatred of those fuckheads, is now they are part of DB’s corral of fucking ponies since they ate global sante fe. and i trust DB as much as i trust a peep that comes out of cnbc.
“Joe” (see above) is actually short for Josephine.
Explains a lot.
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http://shtf411.com/bp-illusion-of-a-false-spill-t7065.html
what’s really going on in the gulf 😉
If you must address Sir Fly please end your inquiry with “Your Magesty”.
Haven’t you been watching the Tudors on Showtime?
As far as the future goes I have it on good authority that this gulf spill is the first vial of the last plagues to be poured upon the earth by the Four Horsemen….it will not be able to be stopped.
Trade on Garth.
Fly,
Your old friend, Bill, is at it again. . .
http://www.businessweek.com/news/2010-06-25/bill-miller-expects-stock-gains-after-eu-stress-test.html
If everyone is hitler, no one is
Great point. Remind me again… who was making the argument that “everyone is Hitler?”
I thought only lefties did the straw man thing.
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Fascism and Nazism were slightly different. Nazism was far more inclined towards socialism.
Both left and right wingers do that shit. Fuck everyone.
I am going to easter island to rebuild civilization by myself
There are some interesting self portraits already installed.
I understand grilled komodo is outstanding with a lime citrus vinegar reduction.
____________
Tell the bunny I said a big hello.
Actually, most of the statues have been destroyed, as well as 97% of their population— a microcosm of earth
Sounds like SI.
____
Easter Island is underrated.
Better than the Island of Misfit Toys, however.
No one but no one wants a fucking “Charlie in the Box.”
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Ha – very true; no one wants a degenerate toy. Speaking of degenerates, when I was a kid I wanted to strike it rich with Yukon Cornelius.
Yukon is my man. (He’s been feature on the blog)
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The gop is a ponzi scheme. Poor jake hasn’t figure it our yet. Give him time. He’ll get there
Yeah, let me think about taking some political advice from an Obama voter.
Give me a second…
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Wow. Lotsa Jake on this politics-free blog!
Let me sum up so that all y’all don’t have to slog through Jake’s posts: Obamacommiefacists bad, Republicans good.
Even shorter Perdu– “Everything since the Crucifixion was George Bush’s fault.”
Shut it, Obamanite droid.
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I really enjoy listening to two sides argue politics…
It does amaze me how Glenn Beck has turned so many individuals into zombies of the Fox news brainwashing… while he explains to you how Obama is a hitler like figure with an evil agenda to take over the world… you all soak up the bs with drool coming out of your mouths while he reads you exerts of the US Constitution. So funny.
Here’s news for both sides of the isle… THEY ARE ALL CORUPT. Regardless of political party, they only care about one thing. THEMSELVES
The republicans used to be the positive party, now they are a bunch of whiny babies that can find wrong in everything the President does.
The way it works is… when Dems are in control, the Republicans call it socialism and the world will soon come to an end, unless of course the people vote in a republican
when the GOP is in charge, the Dems call them corrupt and out of touch with the “middle class”
How about everyone focuses on how they themselves can move forward in a positive way… if you like making money… Go make some. This isn’t Germany 1930’s this is the USA… you have the choice
1) Sit at home and be unproductive schmucks that feed off the system – ie the moochers
or
2) Go make a living doing something you enjoy doing… and enjoy all the good stuff in this world
Bullish,
“1) Sit at home and be unproductive schmucks that feed off the system – ie the moochers
or
2) Go make a living doing something you enjoy doing… and enjoy all the good stuff in this world”
Most here are unproductive schmucks – the sand in capitalism’s oil. We are either sitting at home trading for profit or managing money for the short-term gain of people who already have lots of the stuff, or both.
We may rationalize what we do as “providing liquidity to the markets” or “allocating capital to its best use” – – but that is all bullshit. Most trade in and out on the blip in a chart or the shadow of a urinal. We are not venture capitalist putting money to work where it will spawn the next Google, rather we trade off of capitalism’s friction and rejoice when we are on the right side of our zero sum game.
Purdy:
The answer to your non question is simple. If an enterprise has a positive rate of return then it is economically useful. It could be people collecting dog turd like they used in in the 19 century to use for “processing” leather .
Don’t try to figure out if something if useful or not, just let the rate of return do so.
learn to read
Better you should learn economics.
Over the last twenty years, I’ve worked with every level of financing from seed capital all the way to 100 year TVA bonds (to cite an egregious example) and every single link in the chain of liquidity is important — NONE more so than the one the retail investor deals with every day. (I include the 401k and mutual fund Joe in this mix).
You may be one who thinks their vote doesn’t count and consequently, that your trading or investing decisions do not count for much either. The liquidity desert that followed the dot com implosion, however, affected every level of financing from the IPO markets to the earliest ventures (the latter most of all) and proved how necessary an involved investment public is. In any other country, that tidal pull would’ve destroyed the economy as professionals fled risk investments.
It was not the venture investors who saved the venture markets in that situation, but the decision by Mom and Pop and their investment advisors to stay the course and continue in tradeable equities. There was zero liquidity in the seed levels in those days. Not a drop.
Contrary to popular belief the market is not made up of all knowing solons pulling strings, but human beings who get frightened and risk averse when they get burned just like the less experienced retail set. For the majority of professional risk takers, it just doesn’t pay in the to go against the flow. For every Paulson and Soros there are fifty Bill Millers canceling their correct moves.
Therefore liquidity is king for every market but none more so than in our capital markets. By discounting shit stocks to their proper level and re-allocating capital to more promising ventures in a rapid fashion, traders are doing a service to this country, and their work is one of the reasons our capital markets are so robust in this country and why our economy is in turn so resiliant. Small traders are no minor part of this– even as they may be immolated on the altar of wrong moves just like the pros.
But investing is no zero sum game, and neither is trading, thanks to the value generated by productive operating businesses which is reflected in increasing capital positions on both trading and operating ledgers.
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Can we get this blog back to its stock picking wizardry instead of watching left and right wing nuts display their pathetic babbling fuckery as if they are in a gay pride parade?
Maybe I am in denial that nothing is wrong with this country. But its better than watching all the pre-civil war kinda hateful shit
Sure. As for longs: silver and silver diggers may be setting-up nicely here and nat gas may have bottomed – I’m long both. For shorts, BP is good to short on most days (although I must say that the usually-smart-Fly’s way of playing this is wicked retaaded), and there are a lot of good potential swing shorts setting-up – take a look at a fave: MON …on a weekly chart it is setting-up for a ride to $22.
Hey Purdy… I agree on MON – I have not looked at that chart in a long time. Looks like a disaster!
The best part is they don’t even own a gapping hole in the Earth’s crust
Like gold was going to $800 back when it was in the low 1,100’s?
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Back to business. As I share gloomy outlook on this market situation in particular, I go into the next week with pockets stuffed to the max with TZA and VXX.
Well I do think U R in denial if U think nothing is wrong with this country. OTOH, folks who think that problems will be solved by hating one of our 2 almost-identical major political parties, and seeing the other party as the all-virtuous solution to the nation’s problems– well, those folks R beyond denial. They are fucktarded lunatics.
Everyone shut up
It’s time for a new post.
you got caught up
politics should be very nearly banned unless it pertains to some near term banking of coin
If you People magazine idiots would take your snoot out of the pink sheets for half a minute, you’d realize how important politics is to banking coin. And I mean that in the strictest sense of “banking.”
As in keeping your coin, and by extension, your freedom. Without property rights, there are no rights at all.
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Even if that is true, discussion of politics on Internet message boards is different from political action, from doing something about policies or freedom or whatever. I can’t think of anything good that is accomplished by political discussions like these on the Internet. Can you? It seems like we all like to express our opinion. But people hold onto their opinions with a death grip. So those who think they are going to change others’ opinions are repeatedly frustrated & disappointed & angry at everyone. And when someone expresses an opinion different from their own, a lot of people “have a cow” and/or become verbally abusive.
Amen! I remember Grandpaw sayin sumtin’ ’bout Religion & Politics.
Yeah, let’s not talk about it.
Maybe it will all just go away?
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Seriously, the fact that we can talk about it (relatively) rationally is greatly important. Don’t take that freedom for granted.
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politic is central to banking coin.
unless, of course you are just following someone elses lead. Then your banking coin capability lies in your ability to choose the leader wisely.
Otherwise, you will need to understand the world around you in order to plan and have an investment strategy. if you want to have insight on the future and PLAN your moves ahead of the crowd you need ot understand macroeconomics.
As George Santayana said: “Those who cannot remember the past are condemned to repeat it.”
I much prefer the gossip mags over the political pages, and this is coming from a political science major and former politics junkie.
I really and truly came to see the light that it really doesn’t matter….none of it. What is going to transpire is going to transpire no matter what, no matter who is in charge, no matter what is promised. Everything will happen just the same.
As for the crackpot theories about losing property rights, 401k seizures, communism, etc, i’ll believe it when i see it. I certainly won’t be investing assuming any of those crazy outcomes are going to happen.
I will, however, buy gold, because its clear they are going to print dollars and eventually cause inflation.
Also, thinking about what i just wrote, I think talking about politics not mattering is just as bad as caring about politics as if it mattered, and so i won’t be spouting off anymore about the topic. Too much time and brain cycles wasted on the topic already….it’s like Newton focusing on Alchemy when he coulda been discovering stuff that mattered.
I must say.. As a young business person in my 20’s, I watched George sr lead us into a recession, and then his son George jr was deternmine to make iraq pay for the NYC attack that he stop forcusing on all the other things that were goin on that required his attention. Taking us into a depression. Lets face it boys, Clinton was a joke needless to say. What we need is to put some Alabama on “song of the south” and stroll back into 80′ when we were still patriotic, and walmart wasn’t around yet. Who cares about Ac, I loved my old truck. lol
The President is largely irrelevant. It’s the Congress that sets the bar and the fiscal policy. We will be an embarrassment if Obama stays in power, but we will be imperiled as a nation if Pelosi-Reid do.
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Ya someone once said
“cant we all just get along”
I guess freedom of speech is good certainly after an ass kicken huh?
What happens when one says to himself.. Wait a minute, i dont agree. get in the dicusion, you may be able to make a difference.