Barbarian Horde

I hope you realize how flawed you are, following last night’s “Glenn Beck” episode. You simply could not put aside your deep seeded hatred for the man, in the process, totally ignoring the message of how dangerous QE2 is to the economy. Instead, like barbarians, you threw feces at the screen and left idiotic comments. And another thing: quit making analytic assumptions regarding QE2, as if you could model it. It’s never been done before, jackass. Quit acting like this is ordinary stuff.

If the GDP is slated to grow at 3% and liquidity is abundant for corporations, why are we doing QE2? It’s not needed. Because of these unalienable facts, I believe this is blatant, unmasked currency manipulation, on behalf of the Federal government, via the Federal Reserve. Think Mexico. Think Russia, circa 1990’s. You may think QE2 is “so totally awesome”; but the consequences will be pie in the face, not the numerical version. It’s hard not to believe conspiracy theories, with respect to ushering in a new world currency, by way of destroying the currency that has reserve status. I hope you can appreciate what this means, for it is not just about us.

Don’t you understand corporations have input costs? K, MCD, PG, CLX etc. all have input costs that are spiking now. How do you think those costs will be covered?

That’s right, it will come directly from your purse, small bitch.

For now, the market loves it; but we are really going nowhere. Real value/wealth is not being created. The market will go up 1% today and the dollar will sink 1%, so what’s the net gain, bozo?

With my money, I am going lower than low, to the most highly levered plays out there: CHINESE LOTTO. All of this QE2 money, where do you think it goes? Five years yields are a touch above 1%; people want yield. So, they take their billions and invest it in REAL economies, like Hong Kong, Korea and Australia, even Canada. If you want a road map for surviving QE2, get long foreign equities, denominated in foreign currencies, if possible.

NOTE: Starting soon, the Scott Bleier morning radio show will be a premium service (let Scott explain). I believe it is scheduled to go live tomorrow, providing we can iron out the few wrinkles that exist. Today is likely the last FREE day. So enjoy.

[youtube:http://www.youtube.com/watch?v=Axnqu9vkqFQ&feature=related 616 500]

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Don’t shoot. I’m just delivering le mail. Beck dives into what we all know here on the internets. But now so does everyone else.

Part 1

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Part 2

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Part 3

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I was going to pen a stinging hit piece on how giddy the media is over the Fed wasting $600 billion dollars to stimulate foreign economies. I was going to discuss the difference between QE1 and QE2 and how QE2 is far more sinister and lacks the innocence of Fed policy enacted during a crisis. But then I realized my own words: “whining over things beyond your control is an exercise in futility.” So instead of throwing raw meat at the mob, I’ve decided to be constructive, all part of “The New Fly’s” persona.

Forget about the economy, for it is doomed. The Fed couldn’t care less about jobs or the dollar or you. The market is rigged, from the top all the way down to the bottom. Upright walking pigs, aka mutual fund managers, are mandated to invest in equities, no matter what. They simply take your money and toss it into barrels of flaming garbage. True wealth is being created abroad. Look no further than the profits of your favorite stocks—all overseas. That’s what the market is all about, right or wrong. Sometimes it’s difficult to accept America’s second tier status, which induces investors (myself included) to act rashly when witnessing bad data, here at home. It’s not about us anymore.

This is a country full of Brett Favre’s, once great but now past its prime. Slowly but surely, people will accept this new normal and send their money abroad, right alongside the QE miracle bucks.

UPDATE: I sold out of MERU, north of $16.

[youtube:http://www.youtube.com/watch?v=ke6VpcWsLlE 616 500]

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Everyone shut up and have a seat. The BEARDED CLAM is making his way down to here and would like to have a word or two.

In other news, I have a few errands to run.

Developing…

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I want you jerk offs to understand something: The Fly doesn’t lose, despite what some of you might think or say in the privacy of your own home. I have many agents, spread throughout the world, who report back to me. Whether you reside in Kansas or Thailand, I am watching your stupid face and monitoring your chats. I hope you understand it is my duty, all part and parcel of the duties of the BlogFather.

In other news, some of my lotto stocks are moving this morning, namely HEAT and CHNG. The CHNG trade was brought to my attention by RC inside of The PPT. Since then, after having a look at the company, I like what I see and may add to my position. There is something to be said about human intuition when it comes to buying and selling stocks. Some of us have it, others embarrass themselves.

Finally, I like FTK for a squeeze, going into earnings (mid November). If you are trading it, you probably want to sell on news, as it has a tendency to vomit on itself every once in awhile.

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Good Sir, President Obama, you and your party have been rebuked tonight, not because of your parties name, but because of its impotent results. If the economy does not turn around, you Sir, will be a one term President, deservedly so.

If we are to take the newly elected republicans at face value, this country is about to return to “German-style” fiscal conservatism, which should effectively cancel out all plans of government stimulus and bailouts, no? Yes, from here on forth, all law abiding Americans are bounded by their honour to wear checkered pants, bow ties and smoke egregiously long cigars, while overlooking a fiercely lit fire. Based on campaign promises. business is back. Taxes will go lower and regulations will cease to exist. However, before we get to enjoy the chocolate cake, we must work through the mud first. We must impose harsh austerity measures, which will strengthen the dollar, weaken gold, stocks and commodity prices, in order to return America to fiscal conservatism.

If we are to believe what the newly elected republicans campaigned on, the Federal Reserve will be reined in and QE2 will be canceled. After all, how can they allow the Fed to waste another trillion dollars under their newly formed fiscally conservative government? Moreover, the markets should be on notice, effective immediately, for deflationary policies to be enacted by our newly formed government. Out with the old and in with the new, yes?

Naively, I am forced to believe everything changed today, because the votes are in. The people have spoken, no?

Oddly enough, the cynic in me says “nothing has changed.” The government has zero power over the great corporate lobby. The cynic in me says oil will remain ludicrously overvalued and gold will sustain its value, while the dollar continues to make new lows. These people who are elected know what needs to be done but lack the balls to do it. I say this with confidence because I have seen this puppet show before and I know how it ends: trillions in deficits, staggering liabilities and the end of America’s hegemony over its foreign subjects.

For the sake of my children, I hope to be proven wrong.

NOTE: Many thanks to Jakegint and Woodshedder for making tonight a memorable and enjoyable election. We should do this again.

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The GOP has taken control of the House. God bless really bad Presidents.

John Boehner, House Majority Leader, Republican from the rusted state of Ohio

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At the very minimum, Harry Reid must suffer a most gruesome loss tonight, as he is GUILTY of crimes against humanity—being the commy bastard that he is. I declare: Harold Reid is a marxist and wants all of your money for his local casinos. If it was up to Mr. Reid, he’d send out stimulus money in the form of casino chips, so that you would play and lose it all in Vegas. Think of how many lives and families have been shattered because of casinos and Mr. Reid.

If you are into the shattering of families and people, vote for Harry Reid. Furthermore, if you are in favor of surrendering to small armies, vote for Harry Reid. Lastly, if you are in favor of handing out casino chips to convicted murderers, then freeing them so that they could play some blackjack in Vegas, VOTE FOR HARRY REID, ‘cuz that’s what that red nosed racist stands for.

In other news, futures are slipping; because that’s what futures do.

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Tea Party favorite, Christine O’Donnell, major supporter of NOT beating ones meat, has been defeated by the “war hero,” Dick Blumenthal. I look forward to having men like Dick handle this nations military affairs.

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My great grandfather came to this country, from Sicily, then settled in Harlem, NYC, where he joined the mafia and made his mark. That’s what America is all about. Stake your claim, then shoot someone, possibly an enemy, in the face. These “illegal Mexicans” are a disgrace to past immigrants. These dish washers and construction workers are taking jobs away from machines and lazy white men. Well, thanks to the new agenda being ushered in by the Tea Party, their insidious reign of terror inside of NYC’s high end eateries (celery cutters!!!) will be coming to an end soon, God willing (by the way, we are a CHRISTINE NATION you heathens).

As the results roll in, one thing is for certain, GET LONG SHARES OF CXW (big position of Pershing Square’s), for many an illegal Mexicans will be serving time in prison soon. CXW is the leading candidate to receive “kick-ass” Federal dollars to “house” illegal critters, offering them food, earth, and water. As you know, margins are terrific inside of prisons. Other prison plays include: CRH (construction of prisons, amongst other stuff), GEO (“facilities”) and CNSL (telecom services).

In case you didn’t know, FREEDOM IS RETURNING to America tonight, distributed on a first come first serve basis.

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