This rally wasn’t supposed to happen. But the magicians from Wall Street, as well as other avenues of excess worldwide, have juiced up the shares of BAC–turning it into a weapon against the bear-minded trouble makers.
The rally in heavily shorted names continues, to the benefit and delight of those long DECK and LULU. Also, as the rolly-polies get out of bed and into sweat-suits, shares of fitness names are soaring. From WTW, to NTRI, to MED to DIET to BC–all mean and green.
I remind myself, upon witnessing this action, it is all phantasm. Every once in awhile we get a real glimpse behind the curtain and it is not pretty. Eventually, the cosmetics will wear off and the curtain will come down. At that point, the majority of you will turn to salt and crumble in fear at the specter that is the markets problems.
Until then, rejoice in the gilded decadence that is momentum. Behold the gold plated and ruby encrusted news flow and sop up the consommé that is emanating from the brow of staggered short sellers.
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Ya this really discredits BAC. . . More like discrediting yourself.
I beg your pardon?
uuummmm…What the Fuck just happened here? how is this discreditting the Fly?? Crack, man!! it kills
GNC baybee!
Zerohedge is having a conniption fit
Could be all the good news out of the US auto industry. Rumor has it that Obama is going to announce a trillion dollar mortgage refinancing program in the coming weeks. Bears better go back into hibernation OR ELSE.
Does the world not know about New Year resolutions? Diet and exercise is big for about a week or two.
Goldman published an aggregate list of European debt maturities for the year, by month. $1 trillion across the system, with a huge front end demand – January through April look real ugly, especially with regards to the worst countries.
You lot jonesing over price action have fun; but beware that one day you don’t just wake up and discover someone stole your skin right off your frame.
isnt that what LTRO is for? unlimited $ up to 3 year term? Also Fed can add foreign sovereign debt to the balance sheet – its within their mandate. so, if push came to shove the printing presses go and Fed owns the bonds.
What’s the deal with $GSVC today?
Might the prop equity desk at the vampire squid right around 11am Eastern have gotten its overdue preview of tomorrow’s employment report?
I’m waiting for a special message from Merlin. “Poof”!
Could you be wrong about BAC? Return on average equity 11.29%. Average Target Price: 9.35. Im new at this so just asking?
I hope you realized what just came out of your mouth.
yes i do. (said sheepishly)
Never listen to Joe Analheist. PTs screw everyone over, at some point in time they screwed me over the railing of a boat.
“sop up the consommé that is emanating from the brow…”
Unique to say the least…bring it on, and thanks for the writing.
Any opinions here from people holding DNDN? D’you think it will continue up?
Im waiting for le fly to go mega bear on ZAGG. Waiting, patiently.
Pardon me, DNDN looks good. https://twitter.com/#!/adamfeuerstein Is someone to ask. That ZAGG comment wasnt meant to be replied to you.
Perfect. Lots of talk at that site about DNDN. Thanks.
yes
Take look at the insider trading. I looked at maybe 7 to 10 days ago along with HGSI and then forgot about buying my lotto. But when I checked the insider trading, I said hmmm…
dude they are fucking the options chain to oblivion on this months’ puts that were brewing for months. fuck bac,they just got their fucking ass saved…for now…………..look at yestadey,,whats wit da bullshit that bac is the “diamond in the rough” bullshit. THEY ARE FORCING A NEW PERCEPTION OF BAC…………go fuck yourself bac,right to hell.
Got to get the price up at least some before the big equity raise.
The Fly wins again!
DECK the halls with boughs of money!
Fly, are you watching TLT? It’s back to the 50-day which has been support since roughly March of 2011. Just saying.