I am not scared of this market. I fucking own it.
I am positioned accordingly:
long TNA, EDC, ANF, ATHR, GMCR, BUCY, GLW, VXX, just to name a few. My full list of positions can be found within the confines of The PPT.
Let it be known, I am convinced the move in bonds is NOT a reaction to some sort of Hindenburg crash. Instead, I believe rates are being manipulated lower, by the cognoscenti, in order to buoy the housing markets. If they really want to give a boost to the housing market, they should lower standards to nothing at all. Loans for everyone; get your fucking share of American home pie.
Into the coming rally, I intend to release my longs and set up for September apathy.
[youtube:http://www.youtube.com/watch?v=7SBcEKSPzew 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig
You ditched BAC already?
no
BAC going to 30…just depends on whether you will still be alive to enjoy the fruits of your patience…
BAC to $10
I’ve been short that fucker forever.
You have also been known to suck your own cock, no?
Quit calling for a September crash this soon…by then u will have persuaded the masses and the ole whore bitch of a market will go the other way….so shhhhhhh….
GLD looks like a short trade here with a defined 120.50ish stop…
Tree Goats for the win.
He’s obviously referring to you you simp. Also, I doubt that he’s impressed with your patronizing “Good to hear your Jewish. Mazel tov.” …not everyone is a one-dimensional as you.
Jake, most Jews are aware of the power of the Likud-controlled Israeli lobby, so you aren’t likely to be snowing JF2.
Also, not all Jews believe the same shit – you stupid fuck. There are plenty of Jews who vocally oppose the AIPACers (J Street) …Jews who see the importance of how Israel’s behavior is perceived OUTSIDE OF THE US.
Also, when you toss around the term anti-Semite, you further display your ignorance. The brown people you love to cluster bomb in the mid-east are Semitic peoples as well.
Dumb fuck. …God I wish Fly had chosen to stifle you.
Calvino?
No, no. More conviction Moobs.
CALVINO !!!!
What a complete and utterly irredeemably nasty loser you are, Stormtroll.
Keep digging, as this is getting amusing.
Perhaps you can create some more sock puppets (now, conveniently “Jewish” lol!) to cover up your bigoted smear about “the Lobby” that’s secretly governing U.S. foreign relations.
Tell us again how much “power” the “Likud-controlled” AIPAC lobby has over us again?
Don’t worry, you won’t sound completely fucking nuts or anything.
Let’s just take that last bit of moon-battery as “gospel,” and move on. I’m sure there’s more, no?
What other “nuanced” analysis have you for us today, Strormtroll?
Maybe you can report on the actions of the Rothschilds or the Warburg Banking Empires in today’s depilated stoat skin markets?
All tolled, at least you make for decent comic relief as you financial contribution has been a fat goosegg.
You’ll probably blame the Joooos for that failing too, no?
__________
LOL —
(sternly):
“The Brown people you choose to cluster bomb are Semitic peoples too.”
(Slaps head) Noooooo! Reaaally?
(See that — web-based community college is a worthwhile endeavor. )
________
Purdy
Cut it out.
NP, mon.
If I can’t handle a dimwitted anti-Semitic troll living in his mama’s basement, in-betwixt collecting 27% on ANV in two weeks, then what good am I?
__________
Again, show me anything I’ve said that is anti-Semitic you lying little douche bag.
Yes, ANV went up. I hope some of your readers made up for their losses on all the other trash you sell.
Me cut it out? Why don’t you stop this low-life from slinging this anti-Semitic shit …if you don’t you will help him in his desire to drive all thinking dissenters away from this site.
And please note that, until today, I have always restrained from criticizing this loser on his “stock picking” and his forensic-charting-for-affirmation out of respect for your business. But you’ve lost control of your troll.
Maybe when your kids are as old as my sons you’ll find war-mongering chicken hawks as intolerable as I do.
Wahhhh! He’s elected to employ yet another tired Leftist cliche to go add harmony to his inadequate, cliched and tiresome troll-song. What shall I do??
Yeah, you’re some “thinking dissenter” all right, Pops. Just like the other three million of you on HuffPo.
How much more pathetic that you’re an old goat, rehashing the Gitlinisms of your heyday. Sorry the sixties are over, but it’s now time to act your age.
Grow up, or blow up, Papa Cass.
__________
too funny
I am long crude and long VXX. I am prepared for some shit to go down.
I’m also short a bunch of august calls that i expect to expire worthless this week, banking me a little bit of coin in the process.
I also hold 25% TLT which i foolishly capped at 102 and where i was a 1% portfolio gain negated today.
Well, id start to unwind my “hardcore shit” preparations after Aug 21st reactor loading.
Israel is not setting off a chernobyl in their own backyard
Although, they have leaked footage of their latest airstrike simulation. Actual recorded cockpit footage.
The situation seems tense.
http://www.youtube.com/watch?v=Z1ps4EZz4B0#t=1m49s
Yeah i hear you.
I’m long those two things but small positions. I’m just kind of waiting around until the market makes a move somewhere.
I dont mind holding crude at 75.
First, there will be Russian engineering personnel on site during at least one-two month after energizing of the reactor. If Israel strikes, Russia will fuck them for attack of its citizens. How exactly it’ll be done is subject to speculations, but supply of S-300 systems would be the easiest. So, for the one, Israel would better wait with the attack.
Second, capability to turn U into Pu by the new nuclear power plant was cited by the New York Times as the reason for the air strike. That is incorrect (don’t know if it was a deliberate “mistake” or not). The reactor is NOT a breeder and cannot generate Plutonium (which, yes, is used in nukes). Uranium will just burn out by around 3% and then be returned to Russia for reprocessing and enrichment. The Russians insisted on taking it back not because it can be used for nukes (which is BS), but because it’s a very lucrative business, which they don’t want to lose to competitors.
So, from all of the above, the strike is highly unlikely. Position accordingly.
Agreed. My understanding is that as long as Iran cannot enrich the uranium, there is no conventional nuclear threat, or threat of a dirty bomb, for that matter.
U’s radioactivity is so low that it is not effective as a weapon. I’d be more concerned if terrorists got a hold of massive quantities of cesium or cobalt isotopes used in the nuclear medicine field.
Fears are overblown.
Get ready to rally.
The reactor the Russians are loading will produce bomb grade plutonium.
Indeed it could, should it be allowed to. Russia’s strategy has always been quite simple. Where you encounter steel, you go around. Where you encounter mush, you push through it. Their moves in Georgia, Iran, and Venezuela can be viewed as areas that they consider resistance to be mush.
The truth is that an air strike isn’t really needed anymore. That’s old methodology. The Russian perception that there will be no resistance is incorrect. There are new methods of hampering rogue states from becoming a nuclear superpower. Russia will collect their money and Iran will fail in their endeavors.
Well, in fact they can, and increasingly so. That is the main concern. Those centrifuges which they’ve hidden all around the country are needed for that. However, Uranium for nukes must have higher degree of enrichment than for nuclear reactors. That’s why it is believed that assuming these current rates of development Iran will acquire this capability in 2-3 year time from now. However for advanced nukes they would also need Pu, which can only be obtained in “breeders”, which Iran, of course, doesn’t have.
Iranians wanted to say “fuck you” to Russians with their Russian-supplied fuel, but they had to STFU, because it is not enough to be able to enrich the fuel. It is only the first step. They must also be able to reprocess the burnt-out rods to close the loop. And they’re still apes in that. For that reason they had to allow Russia to take back the rods and supply newly loaded for a hefty fee. And this also allows to monitor actual quantity of fuel, so that Iranians wouldn’t be able to steal some it.
So, at least the argument about danger of the new reactor is a BS.
MBS did not follow the 10 year and the 10 year did not follow the other treasuries. Something quite odd happened today fly…gotta dig deeper. I cannot find it.
I am still playing with a strange Nymph thesis of the retationship of Adv/Decline Actual and Volume in relationship to GANN and Fibo….I notice this pattern before on the start of move ups and I am darn curious if it does it again….I know that Fly is going, Crazy Nymph….but I really can’t wait to see if that Base pattern is set up again before we move up…
The housing market is shit and we’ll remain shit for a long period of time, and will never be restored to pre subprime crisis levels unless Barney Frank starts blowing Fannie’s Herb Moses again or whomever is now heading the “give poor people home loans division”
Nibbling at FRO, SDRL and AKAM but alert to FLY’s observation and ready to dump going into the September barf-a-thon.
Bernanke worked his bond magic today.
Thanks to the Fed’s ZIRP, the yield curve cannot get any steeper without a sell off in the bond market. So, this is probably as good as it gets for the banks.
I talked with a Goldman guy today about their call last week for a 25% – 30% chance of a double dip. As bonds rally, we get a flatter yield curve, which essentially is forecasting a higher chance of a double dip recession. As the Bernanke Fed buys more treasuries, that will be a sign that the odds are increasing.
In other words, Bernanke needs to sit on his hands not try to micromanage the economy. The Fed has already done enough damage. Stop piling it on.
More like an organ grinder.
_____
The scared money is in bonds. When that money gets unscared it will move back to equities.
Early this AM while the Fly dozed for a minute, I hot-wired the time machine and took it for a spin, then returning at the same time I left.
?Back in Weimar, how long did the economy take to go from essentially no inflation to hyperinflation?
a) 6 hrs 9 mins & 6 seconds
b) a week or so
c) 2 yrs & 4 mos
d) 6 and a half yrs
e) none of the above
Now if I were Hugh Hendry, which I most definitely am not, I might pose such a question saying I will answer it later, and later refuse to answer it.
Not the answer: http://www.youtube.com/watch?v=YGXYiIDTPDI&feature=related
If the monetary base is not allowed to shrink along with declining economic activity, and people begin to hoard goods and commodities because they are anticipating higher and higher costs, you have the formula for hyperinflation.
We are not at that point just yet.
Last I checked, there hasn’t been any growth to speak of in the aggregate monetary base in over the past six months. People are not hoarding goods and commodities, yet, although we do see that showing up in gold purchases and high cash balances.
If Bernanke keeps printing money like a madman, however, your point should be well taken.
Good bartering skills are a must if you think we’re on the path to hyperinflation.
Btw, Zimbabwe had inflation under control until President Robert Mugabe initiated a program of land reforms that focused on REDISTRIBUTING WEALTH by taking land from white farmers and giving those assets to black farmers. The end result was that food production and revenues from exporting food fell off a cliff.
Cause and effect? Inquiring minds would like to know.
That’ll happen here within the next two years. There will be a total collapse and subsistence farming will be mandated by the Anointed One. Everyone gets 29 acres in the desert.
My point is not that hyperinflation is a given or immament [sic] but that it can strike without warning in a very short of time, i.e. in a wk or 2
Side note on gold & silver, common knowledge perhaps: GLD & SLV have held prices down. How? They, like banks, only keep a small percentage of deposits/metal on hand. So most of these EFT purchases have not been used to buy metal, so physical inventories and prices have been unaffected. If there were a run to convert to metal, prices will be sent north.
They are supposed to keep the silver and gold on hand, so if you’ve some proof of this deception, you’ve got quite a scoop on your hands.
Guard it carefully, but bring it forth, by all means.
__________
Proof, no.
According to Ben Davies they “effectively” only keep a small percentage of deposits/metal on hand – a fractional reserve system.
Like everyone, he’s got his own ax to grind.
decide for yourself: http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/8/12_Ben_Davies.html
If you selected answer b; you would be correct
EHHHHHHHHHHHHHHHHHHHH!!
Step into my office…
Long FRO, short MFC.
EHHHHHHHHHHHHHHHHHHHH!!
End of day update…. Watch for the price of palm oil…. to skyrocket..overnight in Malaysia as word has leaked….that one Mr. Fly will be opening… a number of movie theaters…across Malaysia and popcorn sales…are set to explode…when asked by the local media what kind of movies will be shown…Mr. Fly said academy award winners only that involve confrontational films of Fly and Devildog… and then stated to the media “And if you don’t like it-fuck off and you will be banned”….A Jake G. will be named the new Finance Minister in China…tonight …as an expert in gold trading…Jake G. will begin in 30 days after completing his prison sentence… for reading a Ronald Reagan political speech in Tienanmen Square…..and finally the price of Kosher meats and cheese blintzes are expected to decline as a Mr. Purdy has been named the Chief Rabbi for the Israeli Defense Force…. Purdy was heard to mutter Zionist plot
I will also be seen in IMAX 3D jumping a shark on my new motorcycle Delores.
EHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!
Actually this explains in the recent pop in LGF because they would be the only ones able to produce the high quality projects that are needed…We also get a benefit with palm stearin from Malaysia because it deteriorates more quickly, we could use palm olein maybe?., .Palm Oil in Malaysia production will be up in the second half, the price was going to lag…..this could set up for a short squeeze..lol…..I believe that the new Finance Minister committed suicide while in custody China Daily reports tonight, officials fail to disclose details and deny all allegations of the Minister being executed….they also say the World Expo is doing well…
Heh. This is all so very entertaining.
Wax on, wax off.
Forget LGF, get RGC! They are the ones selling popcorn. Of course, they get $7 for 7 cents worth of popcorn, so it won’t have a huge effect on margins.
lol…problem is RGC has no theaters or partnerships outside of United States yet..and FLY has to open his theaters in Malaysia….not sure why that location? But if Fly wants Malaysia, he gets Malaysia…lol…
So, Nymphette, what do you know about coffee or tin? Mo-mo looks good. Any potential hazards?
LOL.
“Fonzarelli Braveflaps” might just be your best yet.
______
Dennis Gartman saying it is unsafe to short TLT near 105.
And yet, when it drops to 95, he will say it is unsafe to buy.
Ive never seen someone so bearish into bottoms, and bullish into tops. Its like clockwork.
The only term to describe him is “Perma-Clown”
Treasury market is for big govt-dicked pros. Or, maybe he just doesn’t like 20 year bonds, eh?
Interesting proposed solutions to the financial crisis here.
http://www.themoneymasters.com/mm/
I stand in tree and sheet in your frying pan. Take my excrement and press it into oil to fry your scrambled egg sandwiches!
BWAHAHAHAHAHA!
Don’t let’em turn us in to this:
http://www.youtube.com/watch?v=rH6_i8zuffs
ISLN to $22.
Look at me, I’m stone. – – – – oh I’ mean I am a stone
Christ, it’s TMOE. I guess we are going to bounce after all.
Never poke a stick in a bear’s face. Just walk away.
Hmmm. Cool original song.
http://www.youtube.com/watch?v=k0DvJYsfYWw&feature=channel
The Jake vs. Purdy saga continues…
Nymph, now we be a good time for a late evening update.
Everyone needs to take a deep breath and count to ten… I’ll start, ready? One… Two
Purdy
I asking both of you to stop arguing over nonsense. It’s ridiculous really. No more name calling or else comments will be put into moderation.
I was hoping Purdy would ask Jake to squeal.
Fly,
Glad you’re keeping those two in line. Mayhem and anarchy have a way of potentially spreading their poison to the rest of your blog…
viz…….
http://www.youtube.com/watch?v=N1-25s4uwFQ
Have you guys seen that bullshit Tony Robbins video telling everyone to consider selling because a financial client of his is worried about the stock market. Total asteroid in the tubes.
On a lighter note for a Monday…………
EVER WONDER……….
Why don’t you ever see the headline ‘Psychic Wins Lottery’?
Why is ‘abbreviated’ such a long word?
Why is it that doctors call what they do ‘practice’?
Why is lemon juice made with artificial flavor, and dish washing liquid made with real lemons?
Why is the man who invests all your money called a broker?
Why is the time of day with the slowest traffic called rush hour?
Why isn’t there mouse-flavored cat food?
Why didn’t Noah swat those two mosquitoes?
Why do they sterilize the needle for lethal injections?
Why don’t sheep shrink when it rains?
Why are they called apartments when they are all stuck together?
If con is the opposite of pro, is Congress the opposite of progress?
If flying is so safe,why do they call the airport the terminal?
just sayin
Ahhhh….. Jake you rock…… Purdy means a variation on the term “pretty.” Usually used in an overly exaggerated tone, so as to suggest a lack of intelligence.
A trip to the Gulf tar soaked beaches today led me to research the Prez’s holidays:
Date Nights:
Valentines Day he and it flew to Chicago we paid for it.
Lavish Dinners at the W.H.
Wednesday Fun nights for his kids.. WE Paid for it.
He has flown to Paris (vacation) and had his family fly on a seperate plane<< We paid for it.
France (Vacation)
Camp David (Vacation)
Golfing (Vacations)
Hawaii 3 times w/ his family again we paid.
Grand Canyon
Palisade Colorado
Yellowstone Park in Wyoming,
Montana's Glacier National Park (Vacation)
And that was all in the first 5 months.
Oh, and that trip to Germany
Britain and slept on the beach at Normandy. Who payed for that??????
Wow…. impressive…..
All Presidents take lots of vacations. Dubya was on constant vacation his first year in office. Or so it seemed.
True… he spent some 400+ days in his house at Crawford, TX over 8 years.
I don’t think anyone would begrudge Obes & fam spending their time at Camp David or some other less “in your face” regular location.
I think it’s the economic times that make this a big deal today or no one would notice.
A little tone deaf for the guy touted for his “political instincts.”
_______
Read somewhere that W was on vacation 75% of his time serving as Prez. If accurate then he really couldn’t have been Prez right?
“read somewhere?” Maybe you have a cite.
He spent most of his actual down time between Crawford and Camp David — both places are notable for their being completely outfitted for Presidential administrative duties, without any need for extra security, etc.,
Ie. “Cost.” No one is claiming that being Prez isn’t a 24-7 job, but that doesn’t mean you have to inconvenience others in order to get relaxed. In a time of economic duress, doing the extravagent entourage vacation thing exacerbates those issues.
__________
My understanding was that Cheney told him … “go, go … everything here is under control, see the world, get some R&R” blah blah blah.
Sorry, too lazy to look at this wee hour … and you’d say it was some leftist site no matter where I randomly choose it from, so you can find it.
CBS (Liberal Media!) reported in 2009 that Bush had spent nearly three years at Camp David and Crawford alone … add trips to other R&R locations and world jaunts with the family to sites of interest with an occasional political meeting thrown in and he could have easily spent 6 of 8 years away from the WH. Cheney really was “in charge” no?
http://www.cbsnews.com/8301-503544_162-4728085-503544.html
This is why I get so nervous knowing the leftists are in charge. To your first point, you’re wrong via simple maths (sic) analysis. The combination of days at Crawford and Camp David (again, two places which are essentially “weekend” White Houses, already outfitted for Secret Service and other administrative duty stations) was about 977 days, or 33.5% of GWB’s days as President, and not even close to 75% given HuffPo maths (sic) training.
Second, to ascribe days the President is away from the White House to days in which the Veep is forced to take over the duties of the Presidency betrays a very poor understanding of basic American Civics.
I think I’m sensing a pattern here….
__________________
All the above said, as I’ve noted before in Obama’s defense, being POTUS is a “24-7-365” job, and I do not begrudge him his decompression time. This whole vacation issue is a matter of optics and ham-handedness, and somewhat surprising given the One’s reputation for political acuity.
_______________
http://www.youtube.com/watch?v=5WztB6HzXxI
The obama vacations are ridiculous and excessive
I am also longed up with about 20% hedge protection. However, I am just curious at what point one would cut the cord on the shorts ($VXX, $TNA) if the market starts to really lift. It seems like I never get this part right! It seems like 109.50 (SPY) can hold we could pop, thouhgts?