Apparently the dicksuckers in Congress, specifically the republicans, are crafting a bill to STOP the IMF funding of the Eurozone. Most of these men do not know the difference between a bomb or a bund, so this should come as no surprise. This is nothing but political posturing, as it is the ardent belief of the Tea Party intelligentsia to commit heinous acts of austerity, even if it means the end of the global financial order. If and when the world collapses, they will simply blame Obama for spending so much. It’s equal to firemen with hoses watching a house burn down, then blaming the residents who perished in the fire for having lit candles inside the house.
As a result, the euro is cratering, down more than 0.6%. I know my posts have been very bullish on silver and gold and I still think they work well into 2012. But my intuition kicked in early this morning, when looking at my YTD return of +14% and EXK, RGLD and NGD floundering in a robust tape. I sold it and booked hard fought profits. With some of the proceeds, I bought a number of stocks mentioned in an earlier post.
The reality is, the market is overheated. But the bull rally is not over. If we give a little back, it’s not the end of the world. The banks are roaring today and I do not think we are setting up for a rout in this market. To get a sharp reversal, stocks like GS, JPM, JEF and MS would need to go red. I just don’t see that happening today.
Bottom line: if you are long and held firm throughout this shit-storm, get out of the house and eat a sandwich. Things will be better in the coming weeks, as holiday sales astound the haters. As a matter of fact, I am getting the fuck out of here right now, confident that my House of Sugar will not be devoured by crying babies craving for financial calamity as I march on my local mall.
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Most Americans don’t know or care what a “German Dax” is.
If quizzed, they’d guess its a breed of cat. Euro-bailout is no election help
Im not a big republican fan. But, the first party to bash europe will likely outperform.
I don’t see how printing the French CAC index to the moon, with a resulting Gas spike to 5$, is going to get Obama re-elected.
hell, all you got to do is look at how the dax is doing before open,then you’ll know how we end our session.it’s been in lockstep for 9 months now
exquisite timing on the EXK sale
fig…..just got back from the polish deli lol
Great eye. The metals showed a lag and profits were indeed hard fought. You are dead on with the admonition of overtrading/overthinking this run.
i applaud the republicans for not paying to bail out a constituency that cannot directly or indirectly bribe them. they have to stop somewhere and they have found their own litmus test. bravo! you congress persons! you will fund $20 million for a silly road project so that road contractor can give $200,000 to your next campaign. NO to Euro persons if they cannot pay to play. AMERICAN DEMOCRACY. SO MUCH LIKE THE RUSSIAN KIND.
Gd. I am an Independent democrat
Thank god the republicans are trying. We fund like 20% of the imf. I dont want my taxes going to Europe debt. Do you…
Maybe thats why Im an Independent democrat
I’ve had about enough of this “I don’t want my tax dollars to go to (fill in some congressional appropriation that you personally hate)” whining. Once you write the the check I have news for you: THEY’RE NOT YOUR FUCKING TAX DOLLARS! Believe me when I say there is a ton of bullshit the government spends money on that I can’t stand. The IMF is not one of them. Freakin needle dick Tea party. Join the 21st century already.
It’s equal to firemen with hoses watching a house burn down, then blaming the residents who perished in the fire for having lit candles inside the house.
Let me fix that metaphor —
It’s equal to firemen with (insert here: “gasoline filled”)hoses watching a house burn down, then blaming the residents who perished in the fire for having (strike: lit candles ) (insert: “tossed lit molotov cocktails to each other”) inside the house (insert: “filled with dynamite”).</b?
Overly complex? Perhaps.
Infinitely more apt?
Absolutely.
__________
lol
Fak! Screwed up my formatting. Only the “changed” metaphor should be bolded.
Gadamnit!
A-Game!
________
BAND!!!
(sic)
The Euro’s could solve their own fucking problems, but they’ll let us do it for them if we are willing. There’s plenty of wealth in Europe.
Wealth doesn’t help them. They need euros and those are in short supply.
…or the Europeans house is burning to the ground, so instead of putting it out, they went next door, grabbed the furniture and are throwing it on.
Oh, I See, it’s the Republicans fault again.
You’re a fucking idiot on one grand fucking scale.
When it comes to paying for all of these bailouts that you assume must be done, who do you suppose is going to pay?
Didn’t you learn anything from the Brits failure with austerity? You Tea Party guys are suicidal.
And, methinks your egregious disrespect toward our gracious host Sir Fly will earn you a BAN…..
Cheese. The “intelligentsia” are covert Commies who infiltrated the US in the 50’s.
All of the laws they created turned America into a communist / socialist country.
It’s often considered en vogue to insult Americans who contribute(d) to this society.
They think like parasites and predators. Offering nothing, stealing at best, killers is routine.
Most comments will be about selling America on fire sale.
Many people don’t believe Americans were ever “free” or that our Constitution provides “liberty.”
Aliens and Seditions Act should be enforced. Starting at the top, HOBOma and Holder.
The best sentence would be expulsion to foreign, “poor” countries.
That firemen analogy reminds me of Marcus Licinius Crassus, who I think is considered one of the wealthiest people ever. Some considered his wealth equal to the entire Roman Treasury.
From wikipedia: “Most notorious was his acquisition of burning houses: when Crassus received word that a house was on fire, he would arrive and purchase the doomed property along with surrounding buildings for a modest sum, and then employ his army of 500 clients to put the fire out before much damage had been done.”
Yeah, sure, “received word that house was on fire” AND had 500 prs. ready, just standing nearby. His men purposely set houses on fire and then offered their help. Not so much different from present-day insider short-sellers from the Congress.
Right. Then the brigade would stand there, refusing to put out the fire until they received large payment or were sold the property for cheap. He was the only game in town, so they had no choice. Devious.
ahh,it’s a wonderful life…..
Mr. Cheesefries,
With all due respect, if that comment was directed at Señor Fly … I would have to characterize it as extremely foolhardy !
Sincerely,
alf44
.
Get help Pal!
… kiss my arse, Pal !!!
.
You are acting extremely “foolhardy”!
Foolhardy, I say,
let me say it again…foolhardy!
You’re an joke and an ass!
listen up, JTU …
I “manned up” first thing this morning and made my honest “mea culpa” for my posts last night !
Don’t make the mistake of thinking that I will now take shit from every idiot who feels like takin’ a shot at me !
If YOU are of that mindset … it is YOU who needs “counseling” !
We clear ?
.
Crystal…
lighten up, have a sandwich, there r more important things going on. seemingly r army can shoot and hold americans for any reason they want..europe is on the verge of collapse. and i just ran out of kahlua. we must respect everyone here. (alf your a riot).
hey alfie,new word:tom-foolery
Republicans want nothing to do with cooperating with 0bama.
It doesn’t help that Obama doesn’t talk with anyone, then declares some rash course of action like an edict from heaven, and expects people to blindly obey it.
C’mon, he’s cutting taxes for the middle class! He’s a friend of the working man, dontach know?
*dontcha
I reversed my shorts recently. I think we’ll be up Monday, people are going to hear about the decline in the unemployment rate (even though the report was mixed in actuality, but that’s the number that regular people & non-financial news sources concentrate on). In concert with the action from the central banks, they’ll get bullish, allocate more money to the mutual funds that they own, and we’ll have a typical Mutual Fund Monday. That may carry through to the end of the year, if so, it’ll lead into the typical pop we have on the 1st trading day of 2012, but then it’s time to reassess.
In the long-term it’s about fundamentals, but in the short term it’s all about mood & perception. I wouldn’t be short into Monday.
thats how contrarians get sucked in.
What retiring person still depends on mutual funds? After 99-2000 07-08 & the present.
(A broad generalization obviously)
It’s over, the game is over.
(another broad generalization)
Once the few babyboomers still in mutual funds, are out, Do you think the next generation will see the stock market as a reliable place to store savings?
It’s time to reassess
You’re going to have to play the game to beat inflation. That babyboomer money will stop being dead money at some point and will get redistributed. That’s about the only positive thing I can say about social security. Other than that, you old wrinkly bastards shouldn’t be allowed to complain to us young’ns unless you hand over your social security checks.
The hole goes in front. You’re supposed to piss out of it, although I never do.
0bama will be lucky to carry five states, of course NY and CA will be two of them so go ahead and vote three times, it won’t matter…
Who exactly is going to beat him? Newt?? HA!
Unless the GOP draft someone soon, they don’t stand a chance. The current field is a total joke.
thats fuckin right, newt gingrich is gonna fuckin beat him. just like i predicted asshole fucking 0bama was gonna receive the nobel peace prize a year before he got it.he is toast,other wise harry reid and the rest of the “treasonist’s came up with this new bill to arrest and jail, any one at any time for no reason.DESPERATION ONLY DOES THAT.
Um, I believe you are talking about the Patriot Act. What administration was that passed under?
And which administration reauthorized the patriot act with zero debate and typical fear mongering?
No, Obama is a joke.
My dog in a cake walk.
“Anyone BUT Mr.Incompetent” wins.
How you can still back that asshat… geezus.
________
So… are you sayin’ we will all soon be watching in horror …
… as President Newt Gingrich takes the oath of office ?
God help us all !
.
newt, it almost like they want obama back in office..ahhhhhhhh
… although, it could be worse !
Like watching in horror …
… as President Rick Perry takes the oath of office ?
YIKES !!!
Now THAT would be some scary shit !!!
.
this 1 party system we have is starting to scare me.
they should just stick to more important things Like making pizza sauce a vegetable!
lol they r veggies.
i ment congress.
Great post. Appreciate and enjoy reading your thoughts, albeit equal parts insightful and disturbingly hilarious. Best part of this one is the song. Big overlooked band of raging electric guitar 90s sound out of Britain.
Only thing that matters are Wall Street bonuses. This Repubcrap news will be long forgotten on Monday. Higher we go.
sir fly why do you say its bad for the U.S. to not fund the IMF, we r in so much debt ourselves it seems we should fix r own house first. Can we agree on that. it would be like buying a stock u knew was going down. europe cant fix this until they have a united front. (united states of europe. IMHO.
Obama is the joke of the century. Charlie Sheen would be a better selection than 4 more years of Obama. So if you hate Newt or Rick or Mitt, just do the nation a favor and don’t vote at all.
The U.S. contribution quota in IMF is 17.09%, followed by Japan at 6.12%, Germany at 5.98% and France and Britain at 4.94%…
Just for Greece package, ADDITIONAL $39B has been expected of US $29B from Germany, $22B from France.
Glad that someone/anyone stopped it. US helped EUR$ appreciation in the last decade, it’s not American taxpayers’ responsibility to fix Europe again.
Unless Obama could lay golden eggs. Still waiting.
Those guys are making me embarrassed to be a lifelong conservative
At least you are not embarrassed to be an American, suffering through that like the Obamas.
I never want to see alf post on ibc again. He is a disrespectful troll.
He’s got half of that idiot savant thing locked up.
LOL.
___
The virus Alf44 has been eradicated…
quit bein a pussy
Eating a bowl of chili and watching my piker LULU position scoot higher
Ball cradling tights are all the rage apparently.
Who does not like their balls cradled?
TEA – A fly buy?
Fly spent a full sunday on TEA when TEA was at 24$, posted photos of the store. Lol, TEA is at 16$ now.
Hahahahahahaha
There’s a room, a very small room, in hell for evil people who relish harm done to others…
True, but he didn’t buy it. Also don’t sell the banks until cramer flip-flops to bullish.
You are an idiot if you are mocking Cramer and then pumping TEA pumpers.
Never bought a single share. Read the post again you brainless goat fucker.
CNBC is sure good at pumping the market when they see fit.
How many traders out there really want to hold longs over the weekend?
The sharks are circling, sell sell sell!
GRAPHENE…this shit is going to have a huge positive impact in all our lives very soon.
Now how to make money on it? Any ideas?
http://www.guardian.co.uk/nanotechnology-world/graphene-a-miracle-material-in-the-making
http://www.allgeek.tv/2011/04/23/steel-makes-way-for-graphene-paper/
It’s been around a while. No idea how to make money on it. I’d just get a PPT sub and find stuff to buy and sell. It’s easier than trying to predict the future.
Graphene has been around awhile but not until recently have we had the ability to analyze, manipulate and produce it with new tech. and mass production.
http://www.graphene-info.com/short-film-introducing-graphene
Fed is throwing the kitchen sink at the dollar with this IMF move. And yet, they just can’t keep it under wednesday lows. The unemployment rate drop isn’t helping that either.
Why did so many expect good jobs numbers to rally the euro, and sink the dollar? It usually works the other way around. But, this day was suddenly supposed to be different?
I love how the market did the EXACT opposite of cramer’s gameplan last night. He said short XLF, buy everything else.
… !!!