You shall not fear anymore, young pleb child, for the stock exchange has been fixed and we shall go higher, henceforth. The magical support level of “1040” on the S&P is biblical and will part the mustaches of anyone who dares bet against it.
As I sit here, surrounded by luxury, investors are selling volatility and buying short term call options, as if their heads were on fire, by way of gasoline and phosphorus match. Do not pay attention to TLT, as that is only a national joke, purported by several high ranking government officials. Instead, look at BP and all of its “splendour” [sic].
As for me, I will go about my business and eat sandwiches throughout the day. After all, seeing the market bounce back so impressively and dramatically, following yesterday’s bloodbath, I find it difficult to famish myself.
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fig
you get the 1st comment pretty often.. how many times per day do you reload this site man?
Lots. I live here. At least when I’m not in the PPT, out stealing pic-ki-nick baskets or eating sandiwiches.
Can we agree to stop posting that first useless comment? It’s lost it’s funniness.
What the hell does “fig” mean anyway?
ya’ll are Fly’s groupies
They are to Fly what you are to General Dynamics.
Zing
3-5; its a fluke a lot of times
nah, 3- 5 is bs, since its my homepage…who the hell knows. but it is a fluke, i swear!
What flavour sandwiches are you eating today?
I like not dogs personally.
A “fluke” is an Ethiopian unit of measure that roughly equates to three repetitions every 10-seconds. If you need further explanation, ask Jake, since he will certainly know.
I am sure Jake has an alternative definition, Sir.
This market is a fluke. A liver fluke, that is.
Everyone ready for take off? In 10… 9… 8…
I feel more like a nuclear submarine crew member, ready to go for a longer journey.
Fly you know there are Fat Mountain Bitches in NE
Do the Gary Shilling [sic] Zero Coupon Bonds Bitches FTW
A “fluke” is also one ugly fish which taste best breaded and spritzed in lemon…as for my bench…clean no sleave high 300lbs for 3X…it’s my weakest body part…(no excuse but I am 6’4″)
Hey Fly ….check out FUQI…will they ever post their numbers or is this another boxer rebellion?
FUQI is a Chinese Joke. A Trojan horse of sorts.
In Chinese, it means “a fuck a you, har, har, har.”
FUQI is fucking 3 foot long piece of ribar steel up the ass. Run away, run away. They don’t know how to add or subtract the dumb mutherfuckers.
Then do me a favor an ban FUQI from the PPT Hybrid score…Every time I see it high on that glorious board I am forced to BUY it…
Thus far the PPT Hybrid trades in the last 12 months have my portfolio up 81% that’s with a $91,900 loss (un-realized) in FUQI….FUQI has Fuqicked up my portfolio and soiled the PPT….Ban it to a knock off Rolex plant toilet in Shitzu China that drains into the Yellow River…..
Hey King….lay of the Cretine man!
Have you ever had to use the head butt?
Sir Salty Snap Kick,
Good to hear from you my indulgent friend. Have you been utilizing the great hall and fine wenches during my short holiday? I do hope so…
The V.King
hopefully i’ll be 1k
Welcome back, V.King!
The V.King is back!!
The V.King never leaves….ever.
Let’s all rejoice….raise your calves everyone in honor of The V.King…hip hip hooray
Who hits $25 first BP or MON ?
IRS form 1040; S&P support level 1040– coincidence?
I think not grasshopper.
Yeah, it’s fixed.
With exception to my purchase of VZ (which has been a long time coming), I will not be buying anything into this run up, as I am asininely long already. I’ll be looking to re-hedge my entire portfolio with FAZ or some other “cocaine” 3X ETFs much later when it looks like the market has overheated again.
However, if you’re not more than 100% long going into these times, perhaps buy some shit?
Basing near the 1040 only helps the short case
ECB reported a pretty decent bank lending program today. But this what I don’t get. The FED lent them $450 billion odd a few months back because the system was pretty tight. Where’s the money gone?
So, which chart did you find that 1040 on, Fly? (since you don’t believe in charts, TA, etc. or are you referring to the IRS form?)
“Chicago Fed President Charles Evans spoke with CNBC this morning about the state of the international economy.
The conversation was wide ranging, but emphasized that the U.S. economy was moving forward and that growth should be 3.5% for 2010.
Europe, according to Evans, has added risk to to the global economic situation.
He doesn’t feel that the economic worries over things like health care and other Washington policies are what is slowing growth, though he does note that it is a concern.
He also said that low interest rates are necessary to push for higher employment, and that inflation will not be a threat for another two years.”
Looks like they aren’t touching rates for 2 years by he sounds of things… 2 years or a lot longer than we thought. I honestly don’t know if this is good or bad for stock or if it suggests his economic prognosis is wrong. If rates are going up the economy isn’t exactly running hot either.
j – Yeah, I heard him this AM. I still think your earlier scenario about a rally right before/after the election is still a high probability. People might get a little more optimistic if we get some change in Washington.
oops
If rates AREN’T going up.
http://www.physorg.com/news197008606.html
“CNBC Fast Money” ratings are tanking?
Who would have thunk?
Maybe it has something to do with changing their view from bull to bear every other day.
Rofl!
Fast Money was made to be broken.
1040 was made to be broken.
Patience, friends, patience.
Famished is the word for the day.
what retards are buying BP as end-of-quarter window-dressing? Oh please, can I show BP in my portfolio, oh yes, I want to show people how smart I am buying BP. gayyyy
There are some research notes out by a JP Morgan analyst concerning a possible takeover by XOM.
I also read something about some Russian investors.
Actually, I think China would benefit by buying the entire Company. The liabilities are nothing for China and they would get some huge proven reserves that they need.
That sounds like a hope and a prayer from someone who wants the stock a little higher, to sell it. I don’t see anyone stepping up to buy this company unless it is much, much cheaper, or assets are sold in bankruptcy. The liability is still too great.
perhaps for an offer at $0.01…. just to keep the company for folding altogether. Stock is going lower. They’ll probably spend B just defending lawsuits. But remember, I’m just a dumas…
Rabies to scabies, my call on GXDX in the last post is doing well. After going Korean deli on Team Jacob, it goes to $22.
Squid holding the market hostage
Major Indexes consolidated in 30 min symmetrical triangles, as XLF sits at critical 14.00 level.Whatever GS price does from here, the market will do into bell.
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