Do you see that asshat on the left? His name is Dick B. Handler and he is the CEO of Jefferies, ticker JEF. Forget about the other caveman in the picture with him for a moment and appreciate the lunacy of his name. Fuck his parents. As a rule, all banks run by men named “Dick” trade to zero or get bailed out. JEF, an old Guy Adami favorite, said they have limited exposure to PIGS sovereign debt. Well, the market wishes to put those words to the ultimate test, via taking the stock out and shooting it.
When the shit hits the fan, firms like JEF will be cannon fodder for the large banks. If the snowball gets rolling, I want to short custodians again, like BK, TROW and asset management asshats LM.
People want no part of this market. Asset managers will lose assets, by hook or crook.
Speaking of crook, the former Governor of New Jersey, big democrat hot shot Jon Corzine, was dipping into retail accounts to fund his trading desk. This a big no-no and he should go straight to jail for it. Jon stepped into MF and levered up the balance sheets 40:1 to buy Portuguese debt at $94, only to see his whole institution blow up. Desperate to stay in the game, the criminals at MF dipped into client accounts and blew $100 maybe $200 million to smithereens. People who cleared via MF cannot trade and are now enjoying the luxuries of escrow. They only get to lose coin, as commodities get smacked around.
I blew this trade. I had 10% of assets in TLT and kicked it out last week. Shame on my house.Furthermore, I had 15% of assets in VXX and sold half into panic. The only reason why I kept 50% of VXX and all of my EXH short is because of Italian 10 yr yields. They weren’t dipping, as the market firmed. Due to appreciation, my short exposure is now 15% of assets and I am within 3% of my basis on VXX, up from a -26% hole.
Fuck me running sideways with a turnip.
For the day, I lost just 1.5%, thanks in part to EXK’s late day surge. I added to AG too and kicked out ERY. I do not want much short exposure going into clam-day. Ben has a certain swagger about him that puts fear into the hearts of every bearshitter. It’s a low probability trade betting against him now.
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FIG
Dick B Handler?
lmao!
u sold renn?
no
Cramerized!!!
Great wrap Senor Tropicana…aka “The BlogGod”
His swagger is that of a Grand Marshal on the eve of a Rainbow Parade.
I suppose now you are going to tell us the Treasurer for MF Global was Hy Steele.
Reginald B. “Pink” Steele
So the hope (plan)that could save America (stock market) by tomorrow is through commodity inflation.
I’ve been sick to my stomach all day. Sold SDS calls yesterday +15% after being underwater and written off after thursday’s romp. Today? Up over 120% from exit….
I’m feeling very violent, violated, and foolish…..But yes, I am not named Dick Handler. So I got that going for me…..
FBI officially investigating Corcainzine
Corzine is absolute teflon. Too many close ties to Obama
… whatever happened to “presumed innocent until proven guilty” ?
If he (Corzine) is found to be complicit … he will face the consequences … and they will be harsh !
Meanwhile, try to avoid a “rush to judgement” !
.
They already admitted to regulators that they were dipping into client funds. You can’t presume innocence when someone has admitted to guilt.
Stop defending these fools. You would go to the pokey if you did something like that.
Senor Alf, despite his advanced age and his Dallas Tejas address, runs with the Donkey in a big way.
Its inexplicable, really.
Of course, my father in law is 71 and I swear he gets more Red every year.
He’s passed Chomsky and he’s practically Trotsky at this point…
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I wonder how many here know who Chomsky is?
If I remember correctly he was the walrus buddy of Tennessee Tuxedo, the penguin of cartoon fame.
That was Chumley, he was smarter.
LOL!
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… always with the “age” … ehh, Jake ?
Too funny !
You … my compulsively, age obsessed “Internet Serial Evangelist” … have a serious Dorian Gray Complex !
I can assure you … your “F-I-L” (who actually sounds like a pretty decent guy) … is (respectfully) considerably OLDER than I am !!!
What ANY of your references to “my age” … or, what you portray ” my age” to be … has to do with my original post is unclear … to say the least !
Just “Jake” … bein’ a “Jakeass” !!!
Some things NEVER change around here !!!
.
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fucking pulease
… let me just repeat these words to the crazy fuckin’ …
“iBC Lynch Mob” !!!
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“whatever happened to “presumed innocent until proven guilty” ?”
.
An Honest Objective Observation
.
It is quite revealing to me that many of the very people that post here … from the “head” of the fish … to the “tail” of the fish … are giddy in their enthusiasm at the possible destruction of a “Wall Street Crook” … aka. John Corzine !
Forget the fact that Mr. Corzine has yet to be charged with ANY wrong doing … “hang tha bum” … seems to be the “lynch mob mentality” most prevalent here !
—
A week ago most here were outspoken in their vehement opposition to the “OWS movement” !!!
Now … apparently you are ALL perfectly willing to piss on a citizen’s right to “due process” … “benefit of the doubt” and “presumed innocence” … and “hang a
man” without a trial !!!
The irony is obvious … if not the blatant hipocracy!!!
Perhaps you ALL should join the OWS crowd … the very crowd many of you ridiculed one week ago !
Disgusting indeed !!!
.
Tell that to the bondholders that bought the latest MF offering and didn’t see the first interest payment (Investment grade rated of course)…NYC has lost its privelages as a financial center. Using leveraged banana republic bonds to fund a clearing operation. You New Yorkers have sank to a new low. Time to fucking close it all down and move it to someplace like Witchita Kansas
Agreud!
… whothafuc is “Gern Blanston”‘ ???
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Hilarious !!!
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Alf, the “presumed innocent until proven guilty” is for a jury, no? If you are not on a jury, then you may presume guilty or innocent as you damn well please.
… with all due respect “Your Highness” …
your dumb fuckin’ camel jockey ass has ridden CitiGroup … UP & DOWN so many times you’re opinion is of NO import !!!
Go BUY somemore C !!!
.
… let me just say that I am addressing a “fake alias” !
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My comment was in no way meant to offend actual “camel jockeys” out there !
I’m jokin’ around !
This is what I do !
.
You gotta fatwa on you now, boy.
Almost spit my food out.. LMAO. That was some funny shit alf.
you’re = your
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The iPhone is a wonderfulul thang … sortta !!!
.
You know with all of this, RockTober..we are just back to the tops of the August and Sept sideways moving pattern at 1218. This is a key support to hold this week, if it can’t hold..we are back in Sideways movement in the SPX..and that Breakout will be gone. Just like QE.
Fly,
you think the clam will really do something here? Might be too early, not enough pain exerted .. yet.
clam wont do natha
That guy on the left looks like he has some white powder around his nostrils…..or that could just be my monitor.
Did y’all see CNBC’s Cramer diss the gold mining stocks last night?
http://www.cnbc.com/id/45105886
God Bless America.
Only Cramer would disrecommend gold miners without even glancing at the near-historic divergence they are experiencing with the POG.
I think I love him.
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I have a limit buy at 11.50 for NGD and it hit 11.56 today and moved back up. Maybe Cramer will bash miners more and help me out?
Looking at Google finance stock charts and seems that all the charts are flat up till about 12:30 today. Anybody here know why?
google finance was busted all morning, showing bad data. They “fixed” it by simply eliminating the period of time with the ugly data.
Kinda like how we’d like 2009 to be “edited out”. and 2010, and…
I don’t recall ever seeing the Fast Money anchors looking this beaten down and worn out.
jeff immelt believes in absolute
Clam cannot do anything right now, right here, because he doesn’t want to. Remember, he got blamed by congress during the last blowup, nevermind they raised the debt ceiling and high tailed it home for the holidays. So now he is content to let the economy bake, to see what the Super Committee will dream up so that the next time the market blows up, they will be begging him to intervene. I hear the bugle call already…
I’m sure Colonel Sanders would concur.
so would colonel Klink…….hooogan
Well put Colonel. If only everybody had the brain power to rocognize this, STOP buying and let this mother fucker burn!!!
http://www.elliottwavemarketservice.com/2011/11/there-will-be-no-qeiii-fed-trapped-by-inflation/
I think the B. in the middle of Dick Handler is used as a distraction. Maybe the B stands for Balls. I demand to see the long form birth certificate.
That would be perfect if Dick was short for “Dickon” instead of Richard.
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Today did smack of forced selling. There was somebody out there today selling stocks and especially Treasuries like a MoFo (capitalization pun intended). We’ll see if his status as an alum of and ties to the vampire squid can save JC from federal pound me in the ass prison. I hope not but would not be surprised to see him remain unprosecuted until a January 2013 presidential pardon can be assured.
Looking to get long some levered etf’s here. But want to see a nice rounded bottom rather than the v-shape we saw that first week of October. I like my bottoms nice and rounded, on the stock market and women alike.
Corzine needs to get to jail. Maddoff needs a bitch to clean his terlets.
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Wall Street preaches diversification to the lemmings then a US GOVERNMENT PRIMARY DEALER is pushing all in on some foreign notes….You can’t make this up
As long as BAC is not charging their $5.00 debit card fee then all is well…the world makes sense now…harmony is restored…monkeys may run amok…
BAC is to be bought…right here…right now…right away…the day they catered to the democratic congress and saved the world…OWS can go home now…peace has been restored…the $5.00 fee has been waived…
die bac die!!!!!!!!!!!!
It could also be Dick E. Handler.
You gotta love that Pete Townsend on Apple:
http://www.breitbart.com/article.php?id=CNG.35f5ae608a85881eeb1b91d9639d25f8.381&show_article=1
Poor Pete– doesn’t have any money I guess.
Your taste of musicians sucks Dick “Both Hands” Handler
Reminds me of a kid in my class growing up named Mike Hunt. LOL FUCKING DUMBASS PARENTS
Had one in my school too – poor guy finally changed his name in college.
Our best one was Harold Dick. No shit. Kid went through life called “Harry Dick”. He was one tough sumbitch.
Who’s that guy on the right?
Didn’t he used to play drums for Van Halen?
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He has made appearences in movies with Ron Jeremy.
Peter North???
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No, Mike South
Jake,
You were thinking of Michael Anthony, now playing bass with Chickenfoot (Satriani, Hagar, Smith)
Eddie Van Halen fired Anthony, they say Eddie is real paranoid these days.(I think it’s the crank)
Any way we can get the iphone ibankcoin app fixed FLY?? I’ve tried everything on my end and its the only app malfuntioning. Going on 2 weeks now with only the news bot and twitter options working.. TIA
malfunctioning(A Game)
This market is a meat grinder. Stay out of it and you’ll do fine.
The tip of the shit has hit one blade of the fan and people are already taling about going long??!! Really??
Vegas, i agree, but need to go easy on this. Remember was only a week ago we got shomped on fake euphoria
No doubt this has to be the hardest market to trade in ages. bias to the downside way way way down but keep cool
will do Dr.
How’s those balls doing? You were supposed to come back to the office for a follow up visit but my secretary says you skipped out. What gives?
So tempted to open another position on SDS except my last position has been a tremendous open wound bleeding cash in my portfolio for months.
Holding this loser has been painful.
I always get a big laugh out of your “Fuck me running sideways…” with whatever noun you insert into an arse. A turnip? Sounds similar to some antiquated metaphor about falling off a turnip truck. I can’t remember as, after all, those old sayings are hardly ever used anymore but they certainly do remind of the GODs (Good Old Days).
BTW, TEA pretty bullish reversal on an ugly day…no position
Glad I took a minute to look inside the PPT for the OB OS reading. Here’s what’s tricky from my point of view – the bond ETFs I like to track have gapped up 3 straight days and aren’t even in overbought range on some of my indicators. That’s a tad scary.
The futures are doing exactly what they did last night….red,green,red,unch.,red,green,etc.
Arghh!
OEW Daily Recap:
“Our original thoughts were for an ABC uptrend, with the A getting overbought-the B wave oversold- and then the C getting overbought again. We may now be on the way to getting the B wave oversold. However, the rally was so strong that an alternate much more bullish count came into play and we posted this on the DOW charts. For now, it remains a volatile market, and we remain neutral long term. Short term support is at the 1187 and 1176 pivot ranges, with resistance at the 1222 and then 1240 pivot ranges. Short term momentum has just edged up from extremely oversold.”
So the “ABC” bear is on for now but Tony has kept hope alive refusing just yet to rule out the possibility of this wave being Primary3 of a continuing bull until we get confirmation one way or the other … Tough market indeud!
I am a ball less matador now.
Dick B. Handler makes $41 Mil, he must be pretty good.