The Turkey Gods have spoken to me and they demand delivery of bear sauce by the close of trading on Friday.
I tell you this with a heavy heart for my bear friends will soon perish under the weight of clawhammers.
The Italian crisis that was destined to destroy humanity (lol) has been averted through magic. The magicians have decided it’s better to create an illusion of safety and security instead of dying at the bottom of a collapsed mountain.
As for me, I’ll be heavily profiteering through my enormous silver and gold positions, now constituting more than 40% of total assets. I have just 10% cash left and find myself at the beaks of the Gods. I don’t have faith in much, as I’ve concluded long ago fairy tales are better suited for bedtime or men who root for paid athletes. However, I do not fuck with the Saucerors of Stuffing, especially when the world has everything to lose and nothing to gain from inaction.
My YTD gains stand at 15% and I intend to press them into the face of Santa’s big stupid sleigh.
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Time for FAS2Mouth action?
lot of gravy, lots of gravy
Please get the more gravy please cartoon.
Wasn’t October known as the “Godfather of all squeezes?” Seriously, how much left is there to squeeze?
Squeeze will last until the boil pops…
Pedro, So true…us remaining Bears don’t give a fuck anymore. Hit us, we don’t care. Who are the bulls going to sell to? Not us.
Suckers, that’s who. While I ride the bull, I always have one eye searching for suckers to buy my shit. We’ll go higher til the shorts vomit up their balls, all while the suckers await confirmation of a bull run.
That was the “mother” of all short squeezes, this is the Godfather. Please learn to listen more closely. For question 2, please see “how many angels can fit on the head of a pin”…
I can only speculate, so consider it 2¢, but October was more of an explosion, and Nov into Dec will be more like a steady bull market imho.
Fly – i’ve gathered that spectator sports aren’t your thing. How does “The Fly” spend his down time? Other than in the garden growing organic carrots, that is.
I read books. Try it sometime
Just fInished “Barbarians at the Gate. Cant believe i hadn’t read that one earlier. Man, did Ross Johnson and his “Merry Men” know how to live it up on the company dime.
sure did … and my cousin’s biz got paid big bucks to not supply them with flavor canisters for their smokeless cig while under contract as their main supplier not to mention the nice addition and retooling at RJR’s expense.
My cocaine needs more gorilla
It’s only a matter of time until the EFSF is funded, as Italy and Greece have gotten right down to matters: http://uk.news.yahoo.com/italian-greek-governments-race-limit-damage-233751939.html
Funded by whom, exactly?
By the Chinese, on their terms, in stages is my best guess. It’s not like they don’t have the money, and they have a lot more than $1.4T to lose by not shoring up the Euro. They’ve already implied they are game, and Italy & Greece are undergoing concurrent changes in management less than 10 days after Chinese hardball commenced. http://www.bbc.co.uk/news/business-15567853
Their issue has little to do with Greece–their issue has to do with how the fund is structured.
China has a list of demands ranging from full market economy status to ignoring human rights violations, to assurances that the West will dump the Dalai Lama as our spiritual BFF. I am sure substantial progress towards Greek / Italian austerity is of great concern, as is the structure of the EFSF.
China already said no to the EFSF..they want to go thru IMF. Plus, they want more power in IMF for doing so.
Link?
http://www.imakethishitupasigoalong.com/weareallgoingtodie.html
lmao
http://blogs.reuters.com/james-saft/2011/11/08/euro-plan-drives-into-ditch/
http://english.mofcom.gov.cn/aarticle/newsrelease/counselorsoffice/westernasiaandafricareport/201111/20111107815416.html
Hey,I found someone that will fund the EFSF, lol, EFSF denies they are doing this, but Telegraph is reporting they are buying their own bonds..so lame… http://www.telegraph.co.uk/finance/financialcrisis/8886380/Eurozone-bail-out-fund-has-to-resort-to-buying-its-own-debt.html
Funded by Euro’ printing presses.
Men who root for paid athletes, Lol…so much more fun to root against them!!
Amen to that…bring back the gladiators..they were worthy of rooting!
It’s a bull market, you know.
Gold and Silver are gonna be slow money. They were good during times of uncertainty and morass. But now things are changing. The economies of the world are getting government cocaine. Get into the companies that have been hamstrung for the last several years. The economies are going to ramp up. It’s time for things to get moving. You can be all dour and negative if you wish, that’s your affair.
if the godfather of all short squeezes materialize, then the inverse funds will get so much cheaper, I love it …
Ya mean Vegas’s TZA gets cheaper?
And he told me I made a mistake adding to longs when we were down 400 … Hahaha
Piss on you.. Lol
after the godfather of all squeezes, comes the godmother of all plunges !!!
go SPXU !!!
One day at a time jose …
Oy
http://www.time.com/time/world/article/0,8599,2099376,00.html?xid=gonewsedit
Bullish. I am seriously at a loss as to what constitutes relevant, market-moving news. I thought that the report that the ECB had to purchase the remainder of bonds in its auction last week would surely have markets opening in the red. Judging by the action a couple of weeks ago, one would think that the EFSF was the only thing between us and collapse, yet now, as it’s being picked apart as a useless, fundedless piece of crap, it’s brushed off. I. Give. Up.
Every country has tons of debt and tons of pension obligations. Just print money hand over fist and solve both problems.
There is no downside because there is no inflation, and excess printed monies will just flow into the debt ratholes and disappear. This is elementary common sense.
FLY, besides thanksgiving seasonality, why are you so certain about this rally that you fully invested?
Fuck picking a side and sticking to it because it’s what you “believe in”. I’ve seen many criticize Le Fly for flip flopping, however this is exactly what one needs to do to. Evolve with the market.
A Santa Clams rally.
All bets are off in 2012. I am getting idiot bearish in January.
Indeud Sir, Indeud
Yeah right, you go ahead and go long. The Dow is just 1600 points from an all time high. Think about that….then think about the differences between now and october 2007 in terms of macro economic, unemployment and pending ‘soft patches’ .
PETE
basically, if you ain’t short or in cash you are gonna get owned pretty hard when this goes boom.
when this goes boom.
And that right there is the issue. When does it go boom? Tomorrow, Dow 15,000, Dow 30K…?
boom is an issue if you do not employ risk management techniques… otherwise boom is always an opportunity
Yeah, and just think how much higher we are than 1929! That’s a long way down. But why should it happen tomorrow or even this week, Kunte Kinte? Hence, the idea of going long.
Tomorrow is going to be up big. Copper up. Japan up, Asia up. We will follow suit unless Europe blows up overnight.
Hey Fly, speculate on when? Monday, Tuesday, Wednesday, or when do you think it will boom up?
Tuesday, 10:41 and 12 seconds Eastern Standard Time. Now don’t bother senor Tropicana with such pesky questions!
(and YES in my opinion that was a JOKE, NOBODY knows when, not even Herr FLY)
I guess I know better than most then. Based on Friday’s analysis Tuesday is most likely.
Gotta love stocks of decent companies that are shorted. Especially those with an ex-Div date approaching!
Fly is spot on – Rule one is it doesn’t matter what you think… only what the tape prints. Bears failed in Sept and they’ve been chasing it since. Go with the flow young padwans
Too soon to speculate about Monday but anytime the Jets and Giants both lose on the same day is a Great Sunday in New England.
Hogwash. There are more Giant fans in New England than there are Patsy fans.
Especially now that Bellicheat and Mizz Braisy are running the show.
Besides, the Giants kicked your ass — 2008-style — last week.
_________
Hahaha … still spinning wool for that sweater I see.
Per a team spokesman “52 percent of the Giants’ season ticket-holders live in New Jersey. Most of the rest live in New York State, although some travel from Connecticut and elsewhere.”
They can only beat us with the aid of the officials as usual … this will be remedied when the League Office moves to Greenwich … LOL
Stop your whining. And your grasp of logic fits your Democrat-leanings.
“Fans” are not wholly constituted by that very tiny subset of “Season Ticket Holders,” or the Giants wouldn’t have world beating tv stats in both the New York AND New England major metros.
I stand by my statement — more Giant fans in New England than Pattycakes’.
The refs will likely never give Bellicheat the benefit of the doubt again. Hence the old saw: “Cheaters never win.”
_________
Imagine Giant season ticket holder pool being largely constituted of persons in close proximity to their stadium…?? Shocking! What COULD explain it??
🙂
_________
And as far as the tape prints the close in Australia was in the red for some stocks.
http://finance.yahoo.com/q?s=RIO.AX
http://finance.yahoo.com/q?s=BHP.AX
Will watch how these stocks open on the London exchange with interest.
This wave guy has a hot hand and a similar forecast to Tony @ OEW and The Fly … I am not a subscriber and have no interest in pushing his service therefore I post this link FYI only.
http://www.themarkettrendforecast.com/forecasts/the-final-market-rally-up-before-the-big-leg-down-is-near-an-end/
Fly, feel free to delete this post/link if I have violated your trust by posting a link advertising for subscribers … If so, I apology for having bad manners while a guest in your home.
“apologize” … A game fading tonight.
Tea
It’s ok
dole into earnings?
You can’t say bears failed. This isn’t bulls vs bears anymore. It’s the market vs government
Come on, governments are supporting. Oct 4, that afternoon spike all of a sudden. Really? Of course it was intervention. Those weren’t “bulls” saying ok time to buy.
However, the market will always always, win in the end. I believe that’s what happened in 87. The market ultimately has the final say, and will force the direction eventually.
A couple previous comments being, when. Next week, Dow 15000, Dec 2012. So here I sit holding TNA to balance shorts for now. Don’t get fooled though. Many fools, in 1987, in 1929….
The government IS the market.
1. Joe Kernan looked like he was swallowing turds when Warren Buffet said that federal revenue needed to be raised, the corporate tax rate was NOT too high, and the wealthy COULD afford higher taxes.
2. Buffet also said that cutting “loopholes” but keeping tax collections revenue-neutral was the wrong way to go. INCREASE revenue!
3. Melissa Lee tried to marginalize Buffet when she asked “Wasn’t Warren late to the party when he bought IBM this year?”
HELLO! MELISSA: Warren told you that his average cost on IBM (now 190) was 170. Listen up, girl, and stop trying to attack a messenger who is not a RW Nutcase.
4, If our CEO’s and corporate boards were all Buffet-like, we would have nowhere near the income disparity, politic infighting, lack of demand and rebellion we have now.
True Comrade! If Comrade Buffet had his way (and got to keep considerable dachas on side), we would now be living in Workers Paradise!
(Singing, now:)
Stand up, damned of the Earth
Stand up, prisoners of starvation
Reason thunders in its volcano
This is the eruption of the end
Of the past let us make a clean slate
Enslaved masses, stand up, stand up
The world is about to change its foundation
We are nothing, let us be all
|: This is the final struggle
Let us group together, and tomorrow
The Internationale
Will be the human race :/
________
Such a clever rebuttal.
I can’t find any information regarding where crack spreads are headed and why, anyone?
@JTU – Try some of the Schwager books on commodities. I’ve got “A Complete Guide to the Futures Markets” from a long while back. You might be better off with some of the newer stuff. http://tinyurl.com/clfl5ly
Fly, Any concern that Euro yields might derail the Turkey Train? French, Italian, and Spanish 10 year are blowing out right now, as are the spreads against Germany. Italy-Germany Spread is above 4.9%.