We stabilized after plunging early. But the close was anything but good. Over the weekend, you should expect to hear more rumors and fear mongering, regarding all of the things that makes us scared. More so, I expect the market will dive lower, immediately, on Monday morning.
I have zero short exposure for managed accounts, so I am not exactly rooting for disaster. I sold out of most of my positions today, leaving WNR and GSVC in place. I am about 70% cash, mixed in with some treasuries, via TLT. I bought TLT due to my belief that money will seek safe harbor. Like it or not, treasuries are the most liquid and safest place to put money in the world.
The whole German-Greek drama is playing out exactly how my nightmares predicted. It is a worst case scenario with a little side order of depression wrapped in one.
It is possible the market goes up Monday and I end up making a grande old clusterfuck over nothing, even squandering coin via my current TZA calls. But that would make the market even more nonsensical and I can forgive myself for missing out on the bazaar.
On the eyes of Jupiter himself, we are this close (–*–) to a market rout of monumental proportions. If you are relying on President Dicksuckers plan, think again. The republicans would rather see the country burn down than help Obama by staving off a market panic. They will induce one. Bank on it.
[youtube:http://www.youtube.com/watch?v=HC2PF9r9Nhs 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
The European politicians are asshats, but The Fly is God.
Yeah that intrest rate hike in May looks pretty stupid now!
sick
What has President Dicksucker shown you that suggests he has any idea how to stave off a market panic?
But the fact that he is trying to pass stimulus will in fact have the opposite effect. The bill will be killed in the house.
What’s wrong with reducing the size of government?
Cheesefries– Nothing– UNLESS you are in or nearly in an economic Deprssion
Right, FDR’s gigantic expansion of government in the 30’s really served us well during that Depression.
Why SHOULDN’T we continue to waste bucks on Obama cronies and crooked banques?
Calloo Callay! Oh Frapjous Day!
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Frog Playing – Increasing the size of government does nothing to help keep us out of an economic depression.. WTF gives you that idea?? if anything it has the opposite effect..
Less government, less regulations, open the f*cking door up and let businesses do business. CEO’s across the country are screaming it from the rooftops.. President Dicksucker just cares not to listen.. doesn’t fit into his Manifesto I suppose..
Less regulations served the financials very well.
Bullspit! Less attention to the regulations fully on the books did the banks in.
Why? Because regulators are not looking out for the peoples’ best interest, but the largest competitors in the industry.
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I believe it was at the bidding of Fannie/Freddie that the banks did what they did.
Yes, well… at the bidding of Fan and Fred’s masters in Congress.
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And, of course, his previous stimulus worked so very well.
it was a waste of money. However, that doesn’t mean stimulus can’t work
Why has he not tried cutting government while at the same time reducing taxes?
Is that not stimulative?
Insanity: doing the same thing over and over again and expecting different results.
In fact they did, they laid off lots of government employees as of late. That’s why the jobs numbers were horrible. Thanks again to Republican tards.
Yes, those gummint workers were so important to the private economy. Perhaps we could hire one half of them to run around breaking windows whilst the other half cleans up and re-glazes?
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A fine idea. But you’re going to need a new Government department to manage all this. 😉
Ah Yes.. the old Glazier’s Fallacey. HAHA
Correct, Frederic Bastiat.
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Yes it does.
By definition, stimulus is TEMPORARY. It’s like pissing in the wind when your problem is STRUCTURAL.
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I agree completely.
Everything is temporary. Where the fuck you been?
Of course everything is temporary, but there’s a difference between making a “tax cut” period, and a “temporary tax cut.”
The latter does nothing for long term structural planning and is therefore useless for effecting change.
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His proposed “stimulus” is designed to benefit only the labor unions at the expense of the taxpayer because he wants to keep their votes. Read a little Thomas Sowell or Walter Williams for insight into how government is so helpful. The best thing it can do is get out of the way and if the Repubs keep more harmful regs from being implemented we’re all better off.
No, read this– from a former Republican staffer– to find out how Repubs are screwing the middle class taxpayers, in order to give out corporate welfare. Reverse Robin Hood policies.
http://www.truth-out.org/goodbye-all-reflections-gop-operative-who-left-cult/1314907779
de facto communism..
Keeping everyone on the government tit to some degree enables that power or political control is maintained. Whether that be via Federal/State jobs, welfare, or as a member of a labor union.
Whistling all the way, singing.. Fuck the whole I’m voting for what benefits me.
Must be the Friday afternoon commie crowd in here, with all these thumbs down to sensible statements like yours, Cheese.
I must admit, I am sometimes astounded by what I read from people who are alleged “market participants.”
How can one be in the market without knowing how markets work?
God help us.
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Two words: trust fund
LOL… but… That many??
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Stocks go up and down whether I understand economics or not 🙂
Fly, you’re continuous blaming of the Republicans is getting tired. The market crashed today not because the GOP is obstructionist, but because market participants understand that “temporary” anything means shit to business owners who need to plan forward.
Skiffle on, my brothah.
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I have to laugh at the irony of the “This comment was authored by a community organizer” at the bottom of Jake’s post
haha.. didn’t even notice that.. hilarious!
Wow, Susan, I am really impressed by your carefully reasoned argument here, against Obama’s policies, by calling him a Dicksucker.
I’ll have to remember that one, next time I want to make a carefully thought out reasoned argument for or against some political policy. No need to discuss the facts. Or to consider what might be helpful or constructive for our country. Just call my least fave politician an obscene name.
Just quoting the original post from Monsieur Le Fly. Please provide carefully reasoned arguments detailing how his last stimulus worked.
I never said it worked. He’s far from perfect and a big disappointment to those who voted for him. But it’s unfair to just assume that everything he does is wrong, like some Fox News or Drudge Report zombie. The article I cited above gives many examples of how Dem policies have been doing less harm than Repubs in recent times.
I would like a functional third party myself– one with candidates who accept no money from Special Interest Groups and who pledge to do their best to govern in the overall publc interest.
If you chant his name it will take away the pain.
http://www.youtube.com/watch?v=bLqRhUh3DGU
Wow that “yes we can” video is a cringefest. When the deaf woman comes out signing, ouch. I almost smashed my screen.
Regarding the topic at hand, Obama didn’t get us in this. The Bushwacker did. Well it was Cheney because he was the one pulling the strings. Cheney said Reagan proved deficits don’t matter. The idea went viral from there. Society adopted this doctrine as a one size fits all, regardless of the context, whether you are a government or an individual wanting to buy a McMansion with no money down. It is still not generally accepted that deficits DO matter. There is no consensus on that, especially among the Republicans i.e. Reaganites who refuse to consider any new taxes.
We need a great big stimulus and higher taxes. Sorry.
Yes, because hitting ourselves on the head with a hammer is only not working because we haven’t done it LONG or HARD enough.
Seriously, I think I’m going to move to Ozzie Jay’s backyard until economic education improves in the States.
I’ll take care of his alligators or something.
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People always want someone else to blame so they can feel better about their inability to succeed in spite of whatever conditions exist. This problem was coming long before Bush took office. Human nature has existed since the days of Eden. And no problem would be your problem if you personally were ever born. Killing yourself ends a temporary problem forever, but it also ends everything else. Seriously though problems are a part of life, quit looking for people to blame and look for how you can deal with the situation at hand.
This argument is like do you blame winter on the sun the earth, the weatherman or what you had for breakfast? It doesn’t fucking matter, it’s a part of the cycles and nature of life.
Recessions will always exist and politicians on both sides will always fuck up, sometimes intentionally to serve their own interests, other times because they don’t know any better and don’t understand the true consequences of their actions.
Cheerleading for a specific “cause” or party is only an act of mental masturbation. Politicians don’t give a fuck about parties as much as everyone watching this puppet show does, they only want votes and power and wealth. In fact the reason they have these BS party’s is so first people pick a side, then the compromise is met in the middle. Those that control both sides control the compromise, and people are so relieved to put an end to the tension created that they will gladly accept the proposed “solution”.
It’s just another form of the “Hegelian dialect” at work.
The funny thing is, all the recent “socialist” movement is by design to benefit the very people that the “socialist cheerleaders” want brought down…. The Central Bankers!
Is it possible for you to respond without resorting to denigrating labels?
Susie, Frog, Get a room!
I thought Denigrating Labels was the game we were playing here, no?
Once again, you’re playing with yourself.
You are expecting me to be kinder to you than you are to me. No dice.
Suse — don’t mind Frog. He’s got the best passive aggressive act in the whole joint.
If it’s getting to you, that’s a feature, not a bug.
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I couldn’t make an asessment on whether anything he has ever done is wrong enough because I haven’t seen any evidence that he has actually done anything!
Fucking no edit function. Got me again. A-game. Have to bring it…
Chango, he’s done plenty:
Obamacare:2000 pages new regs,184 new agencies
Oil & Gas drilling shutdowns in the Gulf and elsewhere as sop to Greens.
EPA-imposed Carbon Regs shutting down coal plants after Congressional rejection
DOJ Gunrunner Scandal killing border guards and Mexican nationals
Green Jobs Solyndra Crony Scandal & other billion plus giveaways
Refusal to sign Colombia/South Korea/Taiwan Trade agreements as sop to unions
$900 bn stimulus payoff to public service unions, and “shovel ready jobs” that were not ready
Dodd-Frank small bank strangulation (1500 pages, never read, regs not yet even written)
FHFA Lawsuit on Large Banks to extract settlement extortion on behalf of corrupt Fannie Mae & Freddie Mac
Leaving Fan & Fred in place, and going back to the old CRM lending extortion via regulatory diktat AGAIN.
ACORN corruptioon.
Un-vetted (by the Senate)regulatory Czars.
Far Left and unqualified Supreme Court nominees…
And that’s not even starting in on Foreign Policy….
________________
Obviously, this list offended two die hards.
Thumb it down, have a ball… but a rational reply would serve your cause far better.
Because this is the List that Obama will have to run against, like it… or not.
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Bullshit they are doing less harm. Who wrote your article (and where is it?)? Paul Krugman?
This has been the most destructive four years in American Economic History since the last year of the Hoover Adminstration and the first three of the Roosevelt one.
And yeah, I blame Bush for letting Nancy and Harry push his lame duck ass around from 2007-2009, but your Emperor has really shit the shower with his regulatory and confiscatory regime. Absolutely hands down THE WORST.
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We may have patient zero for Obama Derangement Syndrome here.
Yeah, well at least I’ve got good cause to be deranged! lol.
😉
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“one with candidates who accept no money from Special Interest Groups and who pledge to do their best to govern in the overall publc interest.”
Well now you’re just tilting at windmillls 🙂
Frog, your colors are showing again. Fly called him Dicksucker. I thought you were a-political?
Not so much when the Aloof Emperor is besmirched I guess.
PASS THIS BILL!!
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Thought WNR alone was 30% of your book?
I trimmed everything.
the market trimmed it for me, and even my public hair is trimmed …
Your public hair? I hope that’s not also your pubic hair…
This market is like a hot wax job to the scrotum, so I have no pubes to show.
Read the blog, Susan. He didn’t say anything about Obama staving off a market panic. Indeed it may be impossible to stop, once people with a lot of media access– like Repubs– have started a panic. It is far easier to destroy than to create. And unfortunately, people like things that are easy. Making money, and acquiring power, by catering to people’s unfounded fears, is unfortunately easy.
Go back and read the blog froggie. Here’s the quote ” If you are relying on President Dicksuckers plan, think again. The republicans would rather see the country burn down than help Obama by staving off a market panic.”
Yes, he said the Repubs would NOT stave off a market panic. He said nothing about Obama staving off a market panic. Once people with media access get a market panic, it’s likely going to be impossible for ANYONE to stave off.
That’s because Obama SET OFF the market panic with his less than zero speech last night.
He should do us all a favor and go back to Martha’s Vineyard for the duration.
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Nice musical selection – LOL.
If Obama said the Republicans were handsome, they’d shoot themselves in the face to spite him. When their sole objective is to deny him reelection or even modest, moderate successes (on formerly bipartisan issues!), we should expect nothing less than New Rome going up in flames. Fuck the Teabaggers. Time to run them out on a rail before they jam the gears on the whole fucking country.
Missed the TZA turn today as I was otherwise occupied, dammit. Downright nauseated from the roller coaster ride of the last few weeks. This market just blows giant horse cock (no homo). When TLT and GLD and other extremely lackluster asset classes are your only hope (ex-shorts), the game has become No Fun.
The world is a giant leaky boat with no wind in the sails, no one at the helm, and 7 billion rats clinging to the sides. Next port: Mutiny (no bounty)
Frog must have hit the like button 9 times!
I mean 11
You can only hit the button once each. Surpise. Not everyone shares your beliefs.
How do you know what my beliefs are?
You obviously find it hard to believe that anyone agrees with Cloris other than me, as you assume that the 13 other people who clicked thumbs up for Cloris did not exist.
I find it hard to believe that there are so many people supporting really poor economic policy choices just because they like the guy personally.
Are we uneducated as a group or just shallow and afraid to admit we made a mistake?
Listen to Ozzie Jay… he’s not even American, but he is a whip smart currency trader of over 30 years experience.
You think he knows his shit, maybe?
Ask Fly.
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I think I should write to tell Franklin Covey to rewrite his book “The 7 Habits of Highly Effective People”. Using President Obama as an example, Covey was wrong to write that the effective leaders do not assign blame, and are ready to give credit to team members.
I like J and acknowledge he knows his shit about the markets and currencies. But to insinuate running a country and currency trading are similar is ridiculous. Much like most of your comments in this thread. I can only assume you got into some of Kentucky’s finest today.
No, actually my insinuation was that Ozzie J understand economics, no less.
Given that — Do you have any response to the reasoned arguments I’ve put forth and Ozzie J has corroborated w. regard to the policy decisions of the Obester gummint?
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To correct myself slightly: I like hard assets more than ever now. FUCK FIAT in all its forms. Fuck equities, and fuck bonds. The only things I want exposure to now are things I can hold in my sweaty little palms. Farmland, farm equipment, hard energy assets (as in owning an oil well, not shares in an oil producer), water, livestock, and yes, a little bit of physical gold and silver. Everything else is douche.
Is there a livestock ETF?
COW
Amen, Cloris!
The only thing I know for sure is at some point, the Greeks will default. After that, it would take a descent by God from heaven to clean up the mess that follows.
Just rip the bandaid off already!
Luckily they have a lot of those Gods to choose from.
Mortgage your house to buy some FAS here.
At the rate banks are falling,there won’t be anyone left to foreclose on you if you’re wrong.
What are they going to do, send repo guys to your house in a “grapes of wrath” jalopy?
http://nickbarbara76.files.wordpress.com/2010/10/grapes_of_wrath. jpg
Will I be able to get a 2% 30-yr mortgage soon…the friggin banks won’t drop their mortgage rates…just like the dam oil companies.
No, there’s an implicit risk curve to mortgages that spreads from the risk free rate at a certain level… because of that risk, a house mortgage will never follow interest rates down to zero.
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wtf are you getting voted down for stating a fact?
It’s a political thing. Socialists are not the most rational folks…
I’m cool w. it. But thanks.
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This makes perfect sense and was an informative reply. Was it so damn hard to make a post without any political rantings?
With all due respect, fuck you, Po. In your condescension, you mistake logical analysis, and frustration with ignorance, with “political.”
There is a right argument, and there is a wrong one. Don’t fool yourself by thinking you do not have to choose.
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Thanks Fly!
Finally, some good music from someone that knows how to sing.
I wish you Americans and Europeans would stop fucking yourselves!
It hurts the rest of us too.
Exactly…
Obama couldn’t get elected as a monkey catcher in Kenya at this point.
Catching monkeys in Kenya is very dificult my friend.
this is all interesting, but i’ll be traveling, so i’m not really that interested. i’m off to the agry birds theme park! the chinese, nailed it again…
http://www.bigmouthmedia.com/live/articles/angry-birds-theme-park-opens-in-china.asp/8347/
http://micgadget.com/15285/chinese-theme-park-features-the-most-authentic-angry-bird-booth/
Repine and germany vs the world.
“Repubs
What would you call them if you didn’t want to type the name out in full?
i dont think it will be that easy
Let’s just crash to 900 and get it over with.
Oh, I’m banking on it alright. Banking COIN on it. Indeud.
todays sell off was a head fake.. we will go lower at some point but not now.
we already had everyone nervous going into the 9/11 weekend and the greece news(yawn)just fuedled the fire.
this was a joke of a down day but did present a a great short term buying opp.
we rally back on monday. book it
Well that’s what I’m certainly counting on. I bought a little today near the lows and if Monday morning presents itself as a buying opportunity, well, I will buy some more. You have to buy when things go on sale. A couple of days ago, markets tanked in the morning and recovered. If you were lucky enough to buy near the lows that morning, you could have made 10% in almost anything in two days!
Yes I could be very wrong, I hope I’m not!
as much as i hate to say it i think we are going up monday. i say this because /cl rallied hard into the close erasing more than 1/2 it’s losses and i missed it because it made no sense to me. also, something smells fishy. 100% cash.
Agree… if we were really fucked, silver stocks wouldn’t be hanging in like they are.
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those silver stocks just haven’t got the message yet …
They get the message early, if it’s true.
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Jake, another view on silver for you.
http://www.marketanthropology.com/2011/09/desperately-seeking-silver.html
Interesting… and silver has dropped a little here, and SHOULD in a dollar strengthening situation…
If that’s what this is.
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Rookie– CL? Colgate? Or oil futes? I guess if there are Mid East events expected, or hurricanes etc., oil futes could start back up, even though other things are down.
Here is how to use the stimulus dollars IMO. When you identify projects, have a management consulting firm like Accenture or Deloitte actually measure the “bang for the buck” value on any infrastructure project and then prioritize those projects.
The problem with the first stimulus package was it was literally thrown at any and all silly projects pushed ahead by the respective congressmen just so that they can see the dollars flowing in real world. Big mistake. They can control and better manage this time around. And if they do, then this will actually be good for the economy.
Well managed or research grant based government spending does create a positive loop in economy. Exhibit A – Creation of Arpanet (original internet). Exhibit B – Development of Freeways. Exhibit C – Human genome project. Exhibit D – Even google would not have been possible without the fellowships at Stanford. Do you want me to go on?
Nope, not even smart guys like DeLoitte can figure out the best way to spend a limited amount of capital to best “stimulate” the economy. No one is that smart.
That’s why only the market can do it. The private market, made up of billions of daily economic decisions.
The only solution: Cut the government, put the dough back in the hands of the people.
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Jake I agree, but a drug addict can’t cut the drugs off cold turkey or the withdrawl will kill him. So too will the nation dependent upon government get killed if you cut it off cold turkey. Not to mention the economic shock as a result of all the money the government regularly spend into the economy will adjust prices downward, no? Couldn’t that create a panic?
Do you really believe the cut off will be “cold turkey?”
All I ask is that you guys be rational.
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Here’s the answer. If I buy on Monday, the market will go down. If I sell on Monday, it will go up. I will post my chosen course early so that all you kind gentleman can do the opposite and profit handsomely.
Thanks Mark, and my best to you. 😉
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Hilarious. I often feel the same way.
How could I forget? That no one is interested in anyone else’s view of politics, because politics is based on perceived self-interest. E.g. people who are related to a Congress person of whatever party will continue to be related to them, and to root for that side, no matter what anyone says.
Never mind whatever I said above. Sorry. I forgot that facts are irrelevant to politics. Facts can easily be selected to support, or appear to support, the preconceived views of one’s family or primary social network. etc.
Discussing politics is like letting traveling missionaries into your house. Like the missionaries are really going to be interested in your own religion or viewpoints.
Give that act up, already, snake-boy.
You’re about as a-political as Paul “Death’s Head” Begala in a shouting match with Bill O’Reilly.
Spare us.
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And no, facts can’t “easily be selected.”
There’s fact, and there’s logic, and there’s consequences, and there’s history.
All of them, unfortunately, are currently allied against your particular political beliefs.
Luckily, humanity has a short memory and a penchant for quick fixes that “sound right” to their emotional brains, so we’ll probably give this Socialism thing a whirl again in 30 years.
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No point in arguing with your religion, of course. You are welcome to keep believing that.
Nice answer, asshat.
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And history has always shown that the collective , aggregate of economic decisions yields the most efficient, equitable course of action. right? I forgot.. efficient market theory.. forgive us should we accept our own shortcomings and forget our blind obeisance to the gods of individualism and selfishness. The Randian litany grows old, tired. Frog is right..introspection is an ability we humans are not good at. Allowing ourselves to put in the path of derision and obloquy is our greatest fear.. for we are the centers of our universe..self-aggrandizing anthropormiphism at its best.. I bid you a good weekend.
No, the history of the world shows that authoritarian power grabs are often the card of the day.
Only in the history of the American Republic has anyone made a true attempt at establishing the natural rights of a free people, including property rights and civil freedoms.
Randian litany? That’s a total strawman argument and has not been put forth by anyone on this thread.
And Frog is not correct in any sense. He’s hiding his true leanings by trying to de-construct all truth as solipsism. This helps those whose “truths” have been shown to be catastrophically destructive, like those who’ve chosen Frog’s socialist vision.
There’s no evidence of Frog’s vision every working in history, save for the authoritarian few who end up in absolute power. This lack of evidence drives him to claim that there is no evidentiary truth, and that there are no paths to societal cohesion, so let’s just agree to disagree.
History proves different, despite the authoritarian’s fondest wishes.
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I will continue to occasionally let people know that there are a few of us around here who do not worship at the feet of the Fox News and Drudge Report folks.
That’s about your most brilliant post of the day, Frog.
Or maybe your least obfuscatory.
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And exceptionally brave of you, to worship at the feet of Time, Newsweek, The New York Times, ABC, NBC, CBS, PBS, NPR, the BBC, Der Spiegal, The Guardian, every Euro mainstream paper and network, and most every major liberal publication extant.
Stand strong, brave warrior.
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Remember….about 50% of the mouths need to be fed by the Ob government. How could the shepherd do any wrong?
It is odd to me that you refer to your holdings as “zero short exposure” while you are holding TZA calls….
“Huh?” Is that not short exposure?
Well, shoot, he’s long the calls!
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Haha, true.
He said “for managed accounts”, not his personal.
EGG – ZACK – LY !!!
.
@MAd
TZA calls in my personal, not managed.
Ah ok, my mistake.
I no longer waste time on this Obama character – the election is in about 14 months and he gets tossed onto the trash heap of history. http://www.obamareleaseyourrecords.com
President Rick Perry is the One http://www.washingtonpost.com/blogs/compost/post/rick-perry-signs-rick-with-a-heart-over-the-i/2011/09/09/gIQA7InuFK_blog.html
Hee Hee Hee.. sitting up in Canada watching you americans play russian roulette. Now its to Republicans turn. Can’t wait till they find the bullet. One less dicksucker on the planet.
I miss those days when we could just blame Canada for all the shit, instead of directing our cannons towards each other. Fuck I am getting old.
Agreud, blame Canada. http://www.youtube.com/watch?v=0SDrqa-eTXU&feature=related
STFU before we annex you….well, sans Quebec of course.
RU nuts? Have you seen the women in Montreal?
Treu.
exceptions can be made.
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yea Quint..
Perspective from outside the US. You are a great country with a still unmatched aptitude for entrepreneurship. But your political system has become too polarized. There is no longer any middle ground. Nobody is prepared to embrace great ideas if they happen to come from the wrong side of the aisle, even in the midst of historical blows to the economy. Yes, Obama has made mistakes. That’s what happens when many are so embarassed by GWB that someone – anyone – who can express themselves articulately and seems intelligent is considered an improvement, even though a rudimentary analysis of his previous accomplishments should have been a red flag on suitability for this, the highest office in the land. And sadly, Fly appears to be right that the Republicans are prepared to provide zero assistance and risk economic collapse because it assures them of the next Presidency. Worse, if the shoe was on the other foot the Democrats would do the same. That’s how fucktarded your system has become. I hope you can sort it out soon. I have many friends in the US and invest in your stock markets. So am rooting for you.
We shan’t sort it out.. the polarization is too far done.
It’s not the polarization. One side does far more harm than the other. Only one side is willing to totally destroy the economy in order to kill the other’s chances for re-election, and to cause the downgrade of U.S. credit for this purpose. That’s like , in a fight where one child seriously injures another, or all the other kids in the school, with a gun, if you start talking about how polarized the school is and blame everyone equally. See my article below.
No, it’s more like one side recognizes the destructive policies of the other side and says “hold on a minute.”
When they are ignored and the destructive policies are codified, then the other side goes out and addresses the electorate and says “holy shit, we need to fix this.”
Then they win.
Then the other side (the destructive side) says “eff you, we will continue as if you did not just get a gigantic imprimatur from the American people.”
And so it goes. Your stuff is no longer in favor Frog. The sooner you realize this, the sooner your side will be able to recoup its electoral losses.
If however, your side continues to wreck havoc in the economy by continuing it’s destructive ways… well, you remember what happened after Carter?
See you in 40 years.
________________
Bill, it’s just not equal on both sides. Repubs do far more harm than Dems, although Dems also do harm. Those are just the facts. A former Repub staffer tells all in this article:
http://www.truth-out.org/goodbye-all-reflections-gop-operative-who-left-cult/1314907779
obama has made GWB look great… He is on some fucking socialist crusade to destroy the USA. I mean really, who the fuck is so focused on health care reform in the midst of the worst recession/depression anyone still under 90 has ever seen? He does not understand how shit really works. A lot of stuff looks great on paper but when you actually go to implement it, it blows up like a hydrogen bomb, leaving no prisoners…
He stuffed us with another expensive entitlement program that will end up costing 10x , 100x more as medical tech evolves.. See this shit would have worked in 1950 when we didnt have quadruple bypasses/MRI’s, and all this expensive ass medical operations to extend the life of a 90 yr old another 2 fucking years… just like social sec, it was built around an unsustainable economy/workforce.
I think Obama actually believed it was all Bush’s fault and still does, that is how fucking jaded that man is. Also, he is an arrogant motherfucker that only cares about getting re elected. And Bill, wtf man, shit storm is coming out of Europe, so don’t blame hard working americans like myself that put in 12 hour days, while u lazy fucks in Europa work half that and take 8 weeks a yr vacation. Again, very good example of entitlement programs built around unsustainable lifestyle… Time to face to music, Bill. Go “bud tend” in amsterdam or something, u fuckhead.
You see, Bill, what Draxwin just said to you. This is the kind of “polarization” we are dealing with. Plus look at the guy below who claims not to be racist, LOL. So the 2 sides are not equal in their propensity to insult one another.
That being said, I agree with Draxwin that no hard workers should have to pay for someone else’s irresponsible debts, like Germany is being asked to do for Greece. And like middle class Americans are being asked to pick up the tab for corporate welfare such as the military industrial complex, Big Pharma etc. Both parties have screwed us Americans in that way. However, to say that Obama has done any more harm than Bush is beyond ridiculous.
“I agree with Draxwin that no hard workers should have to pay for someone else’s irresponsible debts, like Germany is being asked to do for Greece.”
Part of the problem is that Greek citizens are being asked to pay for the irresponsible loans the German (and other European) banks made to irresponsible Greek banks.
The banks, who have no reason to exist other than to price credit risk, threaten to take down whole economies each time they do a monumentally bad job of pricing credit risk.
the dominios will tumble, germans are fed up, “game over man game over.” They need to go to zero, as many US companies as well. I know this will be very bad, but sometimes you have to let capitalism do its thing: flush out the weak, and to the successful mofo’s go the spoils…. all these bailouts r like pouring liquid $ doiwn the drain, just extending the ineveitable another few months, while idiots on wall street ponder about qe3 like is is some saving fucking grace. All it does it let longs get out of their positions then they short sell.. I honestly can not fathom anymore bull shit moral hazard. fuck it. I believe we will never come out of this until we let the bad apples go to 0.
You libs have always loved Germans.
People need to stop villifying polarization. Politics is supposed to be about debate and disagreement. Our country is a republic, not a dictatorship.
LOL@ JAKE!
Dude, you should be a preacher on the side, always trying to convince people that you are right.
… a cross between Billy Sunday & Jimmy Swaggart !!!
—
I fully expect him to break down … in a pathetic, tearful admission … and exclaim …
.
… Please Forgive Me … Dear President Obama … For I Have Sinned Against You …
.
For Gawd’s Sake “Gint” … Step AWAY From Tha Frickin’ Punchbowl !!!
.
Oh Oh … I almost forgot !
What description of “Gint” would be complete without
a “Joe McCarthy” reference ???
Jake seems to ignorantly believe that ANY opinion … that is different from his own …
… MAKES YOU A “COMMIE” !!!
—–
Funny Stuff !!!
.
… if that’s not “McCarthy-esque” … uhhh … what is !?!
.
No, Alf it just makes you not very bright.
Not that I’ve got much to prove in your dept, old fellah.
But hey, the McCarthesque touch was cute… maybe it’ll spur some of these youngsters to a review of American history…
See? Even a dumb old socialist can help effect change… inadvertantly or whatevah!
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I guess it is somewhat like preaching, at least to the ignorant.
If I can save one soul today (to economic rationalism) then I’ve won.
Maybe you’ve learned a little yourself in the last four year Fly.
One can only hope.
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When you are in the hole, quit digging! Somebody tell 0bama! We are in the murder debt hole. More spending is not the solution. That’s what I think Republicans think. It’s all about having a different idea about what is needed economically.
Yabollx, I respect you for clearly stating your idea about what you think is needed economically. Thank you.
I am a sooth sayer.
In 2020, a new propulsion mechanism will be created. We will split the gold atom, resulting in a copper and tin byproduct and maximum speeds of c in well-crafted Ford-Virgin Galactic Noosian Cruiser.
Man will finally be able to make round trips to the sun in order to harvest its vast core of Helium. The timing of this will be incredibly fortuitous, as even today, Bozos around the world fear our rapidly declining supply of helium, and fear the day hydrogen Hindenburg balloons are the only viable alternative.
Humans will finally have found actual value in the yellow shiny metal, for which an odd breed of human has always had an instinctual desire to hoard it in purified cylindrical and tetrahedral form.
I feel qualified to respond to such a post:
Huh?
look for a G7 bazooka this weekend and we RALLY
Texas only state with its own power grid (ercot), we have wanted to succeed from the union since we joined the union 10 years before the civil war broke out. The Great state didn’t want to be part of that nonsense, Texas was like wtf!? we just joined can’t we just leave?! So, what does this have to do with the Fly’s blog, you ask? Fly is right, Republicans(me*) won’t give the “black plague” the time of day. His jobs plan is complete bs, who the fuck comes up with this shit really? incentive to hire people who have been out of work longer?? That is fucking dumb, so there is an incentive to hire people who are less qualified, meaning companies will become less efficient and run by street bums(instead of overpaid/over educated Harvard shit doesn’t stink white collar bums, like most of the “I sound really smart but don’t know shit” people on Wall st.). I mean when people are ready to elect another texas governor, you know shit is really bad… Texas been preparing for this shit for 200 years, if shit gets really really bad, we will just fucking leave. I have been calling for dow 6000 for 2 months now, that might be an over exaggeration, maybe not. But I am 100% cash. I was all wnr w/ a platinum/gold spread I took off for $25 bucks an oz profit. sold weiner when it popped to 18 cuz i know it will be trading 14 again soon.. wnr does have a high beta, even though it has been working against the grain lately somewhat, but they have alot of debt and when shit really gets bad that is the last place I want to be. Really pisses me off, b/c the fundies are so fucking good, but that shit does not matter when the whole system is crashing. I am down a couple percent in my PA,no biggie, but if I were up 15 like fly I would unload on any rally and wait for the crash. I mean if u managed to stay up through this nonsense, the risk/reward does not add up to me at this time…I would take ALL my 10k chips off table and take a european vaca lol, on a 300
+ up day of course which we will get some time next week.Personally, I can’t stand trading equities right now, it’s just more stress I do not need.If it goes higher and we get a sustained rally so be it, but something is very very wrong. I have a rule when trading equities: once I start seeing 500 up and down days its time to hit the bricks.All that tells me is we are headed lower in 6 month time horizon. I would not listen to me though, I only 27, and am not an equity guy, but rather an energy futures guy with not much experience as a seasoned veteran…. worthless factoids of the day: Texas only state that can fly state flag at same level as USA flag. Texas also only state that has the right to break up into 5 different states if we fucking choose to do so…. Don’t mess with Texas is the moral of this story, I have Texas pride even though I was born and raised in Kansas. LOL. What differentiates Texas from other states? We actually have physical assets bubbling out of the ground. Theoretically, commodites can not go to 0, while any stock theoretically can go to 0. USA became a service oriented country instead of making shit ourselves because of greed. That was the beg. of our own demise. OK OK, I sound really bearish right now, felt the same on every 200+ up day as well. So, I am giving this horrific scenario a 3 delta, which I guess is lower than the what s&p thinks hahaha. First black prez, and first fucking downgrade to usa rating.. I am 100% NOT a racist btw, I am just stating the obvious. SO, until shit stabilizes or we dip below dow 10,000, I will be sitting on a pile of cash drinking kentucky deluxe/ moonshine/and shooting guns like its fucking d day.
Texas is also the only state that can’t put out a fire.
jerkoff, biggest drought in Texas history. Hope u fucking drown up there u troll.
Besides California, you mean?
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First black prez, and first fucking downgrade to usa rating.. I am 100% NOT a racist btw, I am just stating the obvious…………..But on the bright side, you have 10 bottles of Colt 45 that you can return for the deposit,plus you still have your dignity……Er, at least you have the bottle refund….
Republic of Austin. Fuck Texas.
YOU KNOW WHAT. This board means nothing to me, just like the hookers I pay to leave…Canada G spot, go make snow angles in 40 below weather and watch hockey,b/c that is all u have going for u..And ur post was pretty pretty racist… COLT 45 eh? You’re not competitive or strong enough to make it down here in Texas. I /we would crush you, like enron, if you were on my desk I would go out of my way to blow you up if i worked at a corp, which I do not, i wear flip flops to work bitch.
“flip flops to work”
LOL !!!
Why am I not surprised ?
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Do you also wear your “jammies” !!!
PAH-LEEEZE !!!
.
I wear whatever the fuck I please. working at a hedge fund has it perks…I do not care what others think of me as long as I get paid. You dress up everyday in ur monkey suit and walk around town trying to look like a big shot. You probably had to buy a fake rolex in china town… alfalfa
I would have thought that a prerequisite for working at a hedge fund would be literacy, as well as an idea of what constitutes proper attire….. or?…..do you mean money saved from trimming hedges?
Methinks you will owe taxes soon enough, now that the media machine is speaking about your exceptions.
First of all, we make snow ANGELS not ANGLES.
Secondly,my reference to Colt 45 wasn’t intended to be racist,but to indicate that I thought of you as an inbred, corn-pone, racist, knuckle-dragger, and I just assumed that that sort of person may drink such a low-rent drink.
As for you “crushing” me, “on your desk” and “blowing me up”, well, I can’t begin to respond to such incoherence…..And I would never move to Texas to work, because I wouldn’t want the pay cut. Looks like a nice place to visit though……’cept for the psychos……
Thx for pointing out my grammatical errors, I will start taking a night class , with hopes of improving. I know you have probably never even seen a pair of flip flops living in calgary, so I can see how that thought could mortify you. The prerequisite for working at a hedge fund is the ability to make $, not having a closet full of Gucci Suits. Taking a pay cut that is hilarious… How much is the cost of living in nyc these days?
Steers and queers.
I know a lot of good people from Texas. Generally speaking, I love people from TX. However, I’d never move there. Lots of fucking psychopaths out there.
Likewise, I would not move to NYC, as I am claustrophobic, and do not like being stuffed into a sardine can. Those pushy new jorsey guidos can fist pump each others cocks all day long for all I care… I will go up there for weekend/ business trips, but that place is not for me…I turned down a goldman job b/c I refused to move to nyc…. still working it tho…. Lots of psychopaths everywhere my online blogging friend…
NYC is not like you see it on the teevee. I guarantee once you visit, you will love it.
‘Tis the best City on the fucking planet IMHO; I’ll be visiting 18-24th.I am looking forward to it. And the crowds don’t bother me in NYC ( except for the half-wits in Times Square) because everybody MOVES;like a single organism, New Yorkers seem aware of others around them and get the fuck outta the way. Plus, the women are babes…..
Listen up … you fuckin’ POS !!!
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Don’t even pretend to speak for ALL “Texans” !!!
I have lived in this state my whole life !
I have also traveled extensively around the world !!!
And while I LOVE Texas … I am at the same time … often … EMBARASSED by our TEXAS Politicians … and by IDIOTS such as yourself … who portray themselves as “TEXANS” !
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FUCK YOU AND THE HORSE YOU RODE IN ON !!!
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Sir … YOU are no TEXAN !!!
.
… uhh … directed @ “DRAX” ! fwiw
.
alf don’t steam over that margin call you got today….Why can’t you type like a normal human being? I bet you were one of those kids that quasi looked retarded. I’m speaking for myself, not for ur dumbass
I been all over Texas and still don’t know what a “Texan” is. Is it the Cowboy wannabes in Pasadena spittin peanut shells on the dirt floors of the bars? The bikers in Scooters Ice House in Pearland or Padra Island? Maybe the socialites in Dallas or college kids in Austin.
Texas is very diverse. Most Texans didn’t ride a horse or bike last week.
Draxwin seems to be an outspoken asshole. How much more proof do you need that he’s a Texan?
WHatabout ALf?
Guy is the only left wing Texan I’ve ever heard of… lol!
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Alf speak with conviction although he don’t have a clue what he’s talkin about. Likes to spew his supposed stock picks as though anyone believes or gives a fuck about em. Like he thinks he is teaching someone something.
Alf’s the guy that wins the arguement in the room because he is louder and people give up on trying to talk sense to him. Therefore, he thinks he is an authority.
He doesn’t realize that being loud doesn’t make you right. It just makes you loud.
last comment, I run tight “risk mgmt” on all my accts. I will not allow my daily VAR to be above 3%. If I down 10%,I stop out, and reorganize my strategy. This does not work well in current enviroment, and stocks are a whole different animal than energy futures, probably why I would not consider myself the best equity trader, frankly I am young and didn’t factor in how psycological the fucking equity mkt is even when you could not have better fundies in A dream scenario(wnr,CVI).. It’s like sitting at a poker table with a bunch of ameteurs… Energy traders usually know when shit is going to get bad before equity guys IMO. When I saw CAL 15 nat gas coming off like a prom dress, that was a leading indicator for me that stock mkt in bad shape.
Draxwin, it sounds like you have learned some useful things about trading energy and equities. Thanks for sharing that with all on the board.
I can’t imagine how you can think you are not racist thouhg– talking about the “black plague”
And “First black prez, and first fucking downgrade to usa rating.” C’mon. The debt ceiling has been raised without incident 87 times. Only this time the Repubs brought the country to the brink of default, stalling until the last minute, which was followed by the credit rating downgrade. And you blame Obama for this?
Never mind. All your Texas friends believe this I guess, and maybe whoever else you hang around with. So I expect there is no way you would see it a different way. People don’t believe political ideas because of facts.
I just made up the “black plague” thing off the top of my head cuz I thought it sounded cool. lol. Libs are so quick to pull the race card on fucking anything. I mentioned that a black man(he is half white) was elected and we had our first downgrade, now the gov is probing s&p which I figured would happen. Kinda like bail out the banks and turn around and sue em. Sometimes I wonder if Obama is taking ques from Putin, next thing you know Obama will be riding around on a horse shirtless shooting a ar15 waist side, and diving for sunken treasures and miraculously finding them in 3 feet of water. I mean how much fucking $ do u conjure s&p fuckstains made off that downgrade? It is what is ok, I am at peace with myself, I am not a bigot, and I apologize that it came across as racist. wtf am I doing right now? lol I am going out, I am 100% cash but somehow like this board a lot and like to rile people up. Everything will work out and we will go back to “snorting cocaine out of 10,000 bills,” stole that from the Fly lol.
Hey mister texian ..you have yet to answer why president perry is sucking obamas dick for national disaster relief?
I know.
we don’t need u yankee shit heads. u guys are un fucking believable. Everytime a disaster strikes the south you guys laugh and fucking flick cig ashes in our face. That is not very american, you are a fully filled scum bag…. When 9/11 happened I was up in arms for u guys wanting to fuckign deciamate the enemy. I don’t understand the hatred…..
Yankee? I am straight up Appalachian fucking hillbilly..actually the fucking people who founded Texas..and as it happens I live in and love Texas…my peoples (Texas rural electrification program) made it possible for Aggie motherfuckers like you to chill with AC.
even worse. I been trading coal like a motherfucker, hope u are drinking that tap water. I am not an aggie btw
Tap water here in ATX is fracking bad. My water comes straight from a bottle of Topo Chico, best reason ever to annex Mexico.
Austin is by far best place to live in texas..I go up there monthly
Frog talking about “facts” again.
What facts support your Emperor, Frog?
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http://media.nola.com/politics/photo/9981978-large.jpg
nice work!!!!
Greece Default!
This too shall come to pass!
Take money we don’t have…create an economy that isn’t there…tax it from both ends with interest all the while rebating funds they borrowed to tax it again next year…that ought to buy…14 months…right?
…from the comments I heard from “people on the street”…this IS A PLAN
where is tradingnymph? saw bow tie jim on cnbc his bow tie was pink and off center was that a subliminal trading message between them? maybe she is on her way to paris look forward to reading her take on his view on the wine selection apartently he partakes often
Nymph is hard at work developing an anti-lottery wheel number generator…narrowing down the selections to 100 combinations of random numbers…or maybe she’s betting race hounds…
I’m in for $5 bucks either way
I watched the speech last night and was bothered by the feeling… That Obama’s heart wasn’t in it. I agree to lead you have to inspire.. Maybe this is playing out exactly as he wants it to and the powers at be are using him as the pawn to destroy the country.. Sounds crazy yes I know.. I really wished he would step down.
“the powers at be are using him as the pawn to destroy the country..” And this is different from G W Bush exactly how?
I like the financial discussion on this site, but the political discussion at times sounds like the John Birch society–
Why do I get the feeling y’all preparing for another civil war over there? Well, at least all you NRA members would finally be able to use those guns y’all been stockpiling, along with all that canned food and bottled water. Then you could legally kill all the dems and libs you want–especially the black ones (and the muslims too, while you’re at it)–and you would be doing it all for your country.
Can’t wait to watch this on Fox!
Hey Ben, obviously you have never been to Texas. You can have a loaded hand gun in ur glove box legally without a permit(as long as it is not visable and ur a law abiding citizen).I have a hand gun in both my cars(mofo that tries to rob me pumping gas at 2am will be in for a “hollow point” surprise). That is the Texas way, the logic is crimianls carry guns no matter what, so why not let law abiding citizens pack heat too? criminals know that 50% of texans have a gun, so they are taking a big gamble whenever they commit a crime. Also, GOOD POINT, too many fucking people on this planet. famine, war,& disease is the balancing point, and no doubt we are headed down that road.
Ben, I think most of the John Bircher types on this site, would not kill a person for having different beliefs. Although unfortunately the hatred and anger and bitterness sometimes rise so high, that it is going in that direction. I hope we never get to that place.
I do think there is room for disagreement about gun control. I am middle of the road on it. There are places in the U.S. where crime is high and a firearm might be necessary to defend oneself. And hunting for food is certainly a good way to add protein to the family diet on a budget.
My point is not really about gun control–that’s the least of the problems right now, and no point trying to change it because, hell, it’s in the constitution.
I just don’t believe that all government is bad, all unemployed people are lazy parasites, and businesses and corporations are noble and enlightened–but if you were to read the comments here, that’s what many people here apparently believe–and that, combined with a total intolerance–or even loathing–of those who do not share their views is, quite frankly, bad for democracy. Yet these are the same people who criticize Theocracies, but this is nothing more than the rule of Ideology–should we call this an Ideocracy?
Well said Ben..
MOVE TO BALTIMORE BEN, THEN GET BACK TO ME
I just don’t believe that all government is bad, all unemployed people are lazy parasites, and businesses and corporations are noble and enlightened–but if you were to read the comments here, that’s what many people here apparently believe–and that, combined with a total intolerance–or even loathing–of those who do not share their views is, quite frankly, bad for democracy.
Sure is easy to make yourself look noble when you make up an imaginary opponent to argue against.
It’s called “The Straw Man Argument,” an it’s a favorite of President Obama as well.
Of course no one here has argued that “unemployed people are parasites” or that “all government is bad” or even some of the extremely ugly racist arguments that Ben has advanced here.
But it sure is easier to make up a fake opponent to formulate arguments against… if all you care about is boosting your own ego and not actually engaging in a conversation.
Next time, Ben, take on the list that I put forth above, of the numerous and multiple egregious wounds the Democrat Party has recently advanced on the U.S. economy.
Or don’t, if you’ve got no game. But spare me the fake issues that lets you and certain inattentive Canadians (Calgary) pat yourselves on the back.
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It’s not in the Constitution as most believe. It’s actually the 2nd amendment …
http://images1.wikia.nocookie.net/__cb20070804203507/uncyclopedia/images/9/9b/Right_To_Bear_Arms.jpg
The Amendments are part of the Constitution… that’s how the whole mechanism works. Each amendment is as fast and irrevocable as the first words…
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Geez, Ben, could you be more of an obvious douchebag?
Key tip: When the Left is losing hard, watch for the race card. It’s the last trick they have in their bag.
To Froggie’s credit, he’s not thrown it yet.
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the readers are catching on:
“I like the financial discussion on this site, but the political discussion at times sounds like the John Birch society–”
guess who?
That was the recent lefty “Ben Dover” who sounds a lot like you, although I don’t recall you making up Straw Man arguments to “Go warrior against” in order to inflate your ego.
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Jake–watch this and then tell me its not about race and religion…
http://www.youtube.com/watch?feature=player_embedded&v=3cLxQ4B23_g#!
Guns, God, hatred, and heavy dose of ignorance……
You guys (Calgary and Ben, heretofore NEVER here before) are either hoaxer inserts or complete dupes, which is it?
Anyone can do a simple google search And see that Grady Warren is a hoaxer with a past.
Truthfully, if you really DID believe this bullshit, I feel bad for you… you are not only gullible, but you believe so badly of your opponents and wish that they filled your straw men concepts so much, that you made a fool of yourself all due to uninhibited hatred.
You should use this opportunity for some self reflection…
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stay gangster ?
http://www.youtube.com/watch?v=S3gRJ4L_Z5M
just popped a zanny bar. the girl loves the crackaine so she did too. the markets be open monday.
Alf is God
“I like the financial discussion on this site, but the political discussion at times sounds like the John Birch society–”
100% agreement… tedious – especially when the same individuals say the same thing for the 30th time (You know yourselves).
At least Alf’s rants are about trading and can be hilarious.
On Europe, this is all you need to see (not really, of course, but this is crazy!):
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_17660_08/09/2011_405493.
fly where have u been on 9/11?
It will be a long time before we elect another President from Texas – George I & II took care of that…
or from Chicago for that matter.
George I was from Connecticut & Maine. Northeast RINO all the way.
And George II was BORN in Connecticut.
Perry’ll be the first real Texan since LBJ.
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My highly focused orbs that alerted me to abort attention to most of passion flowing here. Mr. Drax lost me from the start when he wrote, “………. we have wanted to succeed from the union…….”. Unless Drax is eminently more profound than he writes and can prove it, I rest my case. And, I secede from this alliance of disrespect. See you when the market opens, if it does.
Could you not tell I was highly intoxicated last night by the drunken babble strewn across the board my me? Please dont take everything I write seriously as I tend to over exaggerate.
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