It’s been a painful two weeks. My losses are many; but my spirit is just fine. Retrospect is the vision of degenerate losers. However, if I could do it again, I would have take a drive in the FAZmobile and chowed down (lion king) on extinct mammals, like many of you. Instead, I’ve been jailed inside a belief system that has made me lots of money. In the big scheme of things, it’s just a few weeks, right?
But look at the carnage in the banks, trannies and tech. It is gruesome, almost as ugly as Jim Cramer wearing a dress and high heels.
Nevertheless, I am a contrarian at heart, but survivalist from the beginning. I sold out of LOGI. It was a non-essential name, tossed in there for novelty. I booked another 10% loss.
Like I said, the losses can pile up to the moon, for I know, one day, I will be right. Granted, the Dow Jones Industrial Average might be trading at 33, or even lower. But I will get my bounce. I can see it now. Me just sitting there, with no more than $15 left in the market, elated to finally see my prophecies come to fruition. By that time, most of you will be dead or paralyzed, from the civil war part 2. But it would be a sight to see, indeud.
For the day, I bled out some more, about 1%. Being that I was up 1.5% yesterday, hell, I am up from yesterday.
Into the close, for my personal, I added to an earlier purchase of TNA. The way I figure, what better way to express myself than through the fuckery of a 3x super-retardo upside ETF?
There isn’t any.
[youtube:http://www.youtube.com/watch?v=cj4W4e40WsQ&feature=fvst 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Thirst
I just realized that when Bernanke said “no inflation” he meant “know inflation”. Apparently he knows very well what inflation is and what causes it
or maybe he was expressing his outlook going forward on what he was planning? Most likely he’s just a liar with a good poker face (minus his lip twitch every time he’s nervous)
Bernanke is making it obvous that he, and the financial companies he represents and is associated with, are solving this “temporary” inflation problem for us. He said it’s temporary for a reason. He certainly had no cheery news yesterday for commods, or even for stocks. But he’s got the CFTC raising margins on various commodities and lowering them on stocks and bonds.
Obviously he intends to crash commodities. Look how quickly he and his friends did this to silver already. And he wants people to buy stocks and bonds– although the commodity crash may crash stocks too. But he and his friends will crash commodities a lot lower than they crash stocks, and they won’t allow them to bounce, once they allow stocks to bounce.
No wonder OPEC won’t increase production. Once the Nank crashes erl, they sure don’t want to have such a glut of it that they have to sell it for $10 a barrel. They, the CFTC, and the Nank all know that the high erl is due to speculation right now. People are not using more oil in this economy. No chance.
Apple has stolen your idea of riding in a space ship, perhaps jumping the shark, as they are planning a massive ‘spaceship’ campus!
http://www.businessinsider.com/apple-new-campus-2011-6
It’s a descendent of the Nazi Bell project. 😉
Hilarious considering a colleague suggested that buying more APPL at the $180 level was unwise unless Apple can find a way to colonize the the moon.
This time, the Confederacy will be triumphant!
I would happen to agree with that statement. The pussies here in NYC would surrender to those Texas animals in a second.
haha, I wish them good luck taking Flint, however. We haven’t really been able to do that.
Then again……who would want Flint?
Worked in Flint for a year during law school. It was unbelievably gangster. I mean, old caddies and impalas cruised up and down the street like a rap video. It wasn’t dangerous downtown, necessarily, but there was this constant feeling like I’m about to find myself in the middle of a shootout over whose rims were spinning longer.
Indeed they would. The South will rise again…
I think the root cause of the next US civil war will be slavery once again. This time will not be slavery of African Americans, but slavery of the 80 percent of the population that is in poverty and servitude to the rich.
Which side do you plan on being for that one, genius?
________
Enough wealth to survive whatever happens.
Civil War 2 wont be North/South it will be Haves/Have Nots.
not even.if the 300 mill or so rampantly took to every politico and dragged them all to a beheading all at the same time including the local ones especially,then can someone tell me who could arrest,or even prosecute 300 million people. oh, and the south already did it,no one was looking.
Seriously social studies types pushing the old Bourgeouisie/Proletariet, it’s getting old.
There are 20% of this country who fall into the Have Not category.
That leaves about 80% who are in some form of Have. Some Have more than others, but really I’d hardly call them desperate or angry.
So 20% disgruntled against 80% mostly content.
Yeah sounds like grounds for a real Earth shattering war.
More like a slaughter.
Just trying to get an idea…you are long and getting longer the market due to ppt extreme oversold conditions ? or your gut ?
http://www.myfoxny.com/dpp/news/china-genetically-modifying-cows-to-produce-human-breast-milk-20110608-ncx
I wonder what the udder’s look like…
I already have a ranch devoted to these critters.
The sign above the cattle guard on the way into the front 40 reads:
“Home of the Triple Dawg D Cups”
YEEEEEEEEEEEEEEEEEEEEEEEEHAWWWWWWWWWWWWWWWWWWWWW!!!!!
Ohm there you are Reindeer.
Didn’t much out of you after “The Very Gay” Boston Bruins homo-hammered the Vancouver Canucks Monday night.
I didn’t read you talking any junk then cowboy.
The only homo-hammering that night was post-game, in the Bruins’ shower.
Canucks in 5 – or I will change my name to…
THE CHINCHILLA!!!
Go Bruins!
(lol, for the bet only, I’m a Ranger fan)
_____
I do believe you won’t be playing anymore Reindeer games, CHINCHILLA 🙂
Goose Eggs and Turtle Soup for THE CHINCHILLA!
Did Fox5 repost a story from ONN?
idiots, dont they know that the closest thing to breast milk is, and i shit you not…………..goats milk…tell the chinese to go suck a teet
Stock ticker: TEET
I wish you fuckers would quit trying to shake me out.
In memorum of arch…
Buy when there’s blood in the streets, even if the blood is your own.”
this…. this is nothing. literally.
Ultimately, everything is transitory.
Thank god (Benjamin Bernake) my father in law is an accountant. This public flogging I am taking by the market is going to make my tax refund look spectacular.
The bad news: Net losses (capital gains – capital losses) are limited to $3,000 per year offsetting your ordinary income.
The good news: You can carry forward your remaining losses in future years.
PS TXN must have had bad mid-point guidance as it is blowing up in the AH.
Does the law, rule, reg. or bul. treat the loss the same for long term AND short term “roll-over” losses? My recollection is only short term net losses… . A test of memory and current affairs.
Yes, whether short or long term, the loss is limited to $3k/year. Both do carry over though.
I don’t think I will live that long.
Totally, not almost, as ugly as Cramer in his every day clothes.
Possibly the best way to play oil here is PBR
It benefits most from the collapse of opec than almost anyone
Canadian Oil stocks too elevated. And can’t trust Russia/Mexico not to bully or nationalize their Oil.So,only play left is PBR Brazil. It has probably made its lows for the year, if not the next 5 years.
Love Pabst Blue Ribbon.
I went to Brazil today.
____
Have you been right about anything in the last month?
“But look at the…trannies… as ugly as Jim Cramer wearing a dress and high heels.”
There are few writers that I would suspect embedded this intentionally. You’re a master with words Fly.
Many republicans,like Trump, claimed an OPEC break up would make oil cheaper.But fact it happened under Obama now makes it negative? WTF
This oil spike will give yet another spike to the republican numbers. Obama might as well take all that monorail money, and buy some new golf carts. Because he is going to be spending alot of time hiding there until 2012. Wouldn’t be surprised if he only does one or two press conferences for the rest of his term. Has to start typing those one termer memoirs.
don’t bet on it … they will release oil from the strategic reserve and lower rates on excess reserves at the Fed to help the consumer and small businesses.
Tapping into our strategic reserves, with so much risk of overseas war?
The republicans will eat him alive on that issue. There is no reason to be tapping those reserves with oil at 100.
Oil above 130, would be a bit understandable.
the wars are ongoing … what, you want to add another?
ROFL.
Are you serious? Release from the strategic reserves? To bring earl prices down?
Holy shit, that’s the best laugh I’ve had all day.
You may be a Bamer cheerleader to the odd extreme, and I may think the guy is an absolute economic menace, but let me tell you this: He is not THAT stupid.
_________
Another goodly exchange.
appropriately titled for the ‘Twilight of the Fly’ – Flydämmerung. it was a good run.
veryyyy sucky music
A potential cure for the countries energy problem and the recharging of EV batteries:
http://www.autoblog.com/2011/06/08/mit-students-develop-liquid-fuel-for-electric-cars/
That’s some cool scheiss.
_____
Complete bullshit.
While the market attempts my murder for the sins of calling bounces with space alien intelligence, my rules permit me to survive to tomorrow before I dump some positions like a Euro-model-trash-slut. Based on private, but not “insider”, analytics, tomorrow should gust in with cash and close up.
Fly got guts! Like it.
Oil won’t be as easy to crash as silver, but I’m sure the Bernank and the CFTC will give it a try– to try to make inflation “temporary” as the Bernank says it is. Lower oil wouldn’t hurt Bernank’s employee either– the pres. — who, like all presidents, serves at the pleasure of the Federal Reserve and TBTF banks at all times.
USA is sitting on top of a hellava lot of oil…You think we’re really going to go “alternative”(Sorry T Boone) before the boys cash in on it? Are the boys going to finally tap into the USA motherload and only take $75 a barrel? Gee, I don’t know, if I had all that oil, I think I would disrupt every oil producing nation in the world and roll out my product as the only game in town.
Fig