Due to an egregious spike in internet traffic, on iBC, “The Fly” is raising interest rates, in order to slow down traffic. For the first time ever, I am losing money on this fucking site, due to even more egregious bandwidth expenses.
What the fuck?
Essentially, I am looking to decrease the internet traffic on this site, via ruining your (internet leech) stay or “experience” here. As you know, “The Fly” has many methods to accomplish this arduous task.
With regards to the market, [[MSFT]] told you all you needed to know. We’re in a bear market, despite what those busy BEAR STERNS [sic] bidding bankers in Europe and Asia espouse, through their obvious desire to offer a high premium for distressed asshats.
My take on the market is reliant upon time, not price. Meaning: we cannot be out of the boiling soup, yet. It’s too early and the decline is too tepid.
With regards to interest rates, it doesn’t matter, in the near term. After all, what’s the point of having 3% interest rates if credit is still tight? If Joey Bag-o-Donuts can’t get a line of credit, who gives a fuck?
By the way, quick alert, Dennis Kneale is an asshat.
Finally, if a shot gun were put to my head, in order to extract one stock pick, I’d say: “shoot me Sir, if you must, but before you do, go long [[SMN]].Comments »