It Burns! It Burns!
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Let me first apologize for my inability to post last night. It’s a long story, but let’s just say it involved egregious, home-wrecking (figuratively and literally) home repair arcana which prevented me– via “boy in the bubble” -style plastic sheathing– from reaching my home laptop without risking catastrophic ruin to both home and marriage.
Luckily, I’ve ingeniously derived a path to said electronic tools, and even — bonus! — unto my very wine cellar. Alas and alack, all my wine glasses are also encased, Young John Travolta-style, behind aforesaid egregious plastic bubble. They mock me, even now, in light-hearted crystalline tones. Resulting situation? I may go “Mayberry Otis” on a bottle of 2005 Mondavi right here, right now.
Tell no one.
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Where was I? Oh yes, the banks. Boy didn’t it seem like last week was the begining of the sequel to late 2008’s monster hit– Bear Stearns/Lehman II, Electric Bugaloo? But let’s get serious — when was the last time quantitive easing was bad for banks? Well, it’s certainly not bad for banks that have crapola bonds on their balance sheets when the ECB and Fed are acting like willing buyers in the market place. Get on the QE II Cruise Liner, people.
For stabilisation (sic) purposes only, please.
No folks, they are not going to let those banks die again. “They” are stupid, and “they” are short sighted, but they are not going to make the same mistake twice. Not in a … what? (Cups hand to ear)… Go ahead, say it with me… Not in a whaaat?
NOT IN A FREAKING ELECTION YEAR, Baby!
Come, come– I know you are desperate for some serious chart action. You cry out for confirmation of my biases, and I will not disappoint. Slake thy thirst on this weekly of the $BKX (the Philadelphia Bank Index):
Four out of five weeks down, sure, but where has our price found purchase, and even (dare I say it?) a phat DOJI? That’s right, at the same 34-week EMA that’s served as mother’s comfort lo these last eleven months.
And those were “recovery months,” which I don’t think will be fully completed until we test that 200 week EMA up there (in red) which, by golly, sure looks like it wants to at least decrease its slope, if not stop descending altogether. Ain’t that a thing?
Now lookee see, here, I’ve got another juicy and nutritious daily chart for you, and yes, it’s the $BKX again.
No, it’s not pretty but in this case, it’s the 200–day EMA that’s serving as support as well as that significant support line (we’ve used it before) at just over $49.00. I think the printing presses are winning this one, son, and they are not going to let those banks go down without a much more serious fight than we saw last week with the Greco-Spaniard panic attack.
So prepare ye for more clack-clack-clacking that will lead to much ack-ack-ACKing.
This market may very well be setting up for a great fall (perhaps, in the Fall?), but I think the powers that “try to be” will continue to stuff those banks so full of banque notes and letters of exchequer that you won’t be able to address the tellers for the interchange of proper monies.
They fight the last war, that’s what they do well. Look not ye, then, unto the burning FAZ -mobile! And whilst ye may not wish to grab polar opposite FAS, I continue to think BBT and FITB are decent holds in this environment.
And lest we forget, continue to look to the PM sector as your hedge to this egregiousity, as always.
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Dang, that was a lot of pics.
Riddle me this – why not grab a bit of FAS, set a stop wurthy of its volitility, and just time travel to November?
What say you?
FAS is for short term trading only. Even the Prez of Direxions will tell you that.
If you are making a jape, my apologies.
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I was just starting conversation. I have sworn off those death traps.
Did you finally put in new windows?
That’s next. We are redoing the freaking floors first. Toxic nightmare. Houses suck.
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The wife will love to run her Roomba around on new hardwoods!
We are house shopping. I have a lot of Catholic guilt spending the money.
Not new, just refinished, though she is putting new upstairs, damnit.
I have a lot of Catholic cheapness spendng the money.
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Yeah, but you have 100x what I do.
I’M TRYIN’ OVAH HEAH!
Not in the least bit true, Mr. Nashville Music Exec.
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ERX, on the other hand, may be a super stock worthy of purchase tomorrow. I believe Brucie got some today.
Lots of earls and riggers up today.
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I like that idea. I may buy a little tomorrow.
You talkin’ East Texas earl, West Texas earl, or Duke of earl?
I’m tawkin’ AWL AWL.
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So,….you’re saying that FAZ is the proverbial dynamite loaded car driving into the sun?
Usually, except this time it’s got a six pack of nitro glycerin in the steering column under the horn.
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Fuck FAZ…..The V.King is about to drop science on your asses….Over my next few post I will reveal one of my penny stocks that will go up over 1,000% by years end……stay tuned
Plus just to keep up to date on my doings…The V.King has not been to the gym since saturday…tonight I will punish my muscles for being lazy…also yesterday I added to my POWR & BPAX positions….now stay tuned
YRW
YSC
Like POWR here.
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I would like it better if it was trading at $12.50 so I could sell it….i’m long 80,000
No need to get vulgar. YRW = Yeah right, Weirdo.
As in:
1000% by the end of the year? YRW
Well then YSC stands for You’re So Cool and not anything to do with oral sex….
HA!
AH! I think you should change your Gravatar….
here’s a better Zombie pic http://blog.cleveland.com/nationworld_impact/2008/12/large_Rod-Blagojevich-Dec15-08-Illinois_Governor_Meye.jpg
Not bad, VK. Just need a few maggots coming out of his mouth or some worms.
lol
I hope that zombie dishes a little dirt on his former co-conspirators.
Bugaloos, man, that brings back memories from the 70s. I remember that show.
That pic reminds me of my penis bursting into some new vag….(with a black condom on it) but the explosions are exactly the same….
V.King for Tabbed blogger!!!
Indued….As well as Sir Salty Snap Kick
Oy vey, this is a family blog, here… let’s keep it to PG-13, eh?
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PG-13 hmmmmmmm
Well then the pic reminds me ….well…..skinny black destroying….oh I got it…that pic reminds me of Obama destroying the U.S…….
V.King PG-13
Soooooo, what you are saying is that your tool is really just a skinny black thing with fiery erupting sores ???
WTMI and NTBA
No silly goose. I was comparing the above pic to the worst unqualified president ever Barrack Obama. A skinny black tool destroying everything around him….
Now if I was talking about a skinny black thing with fiery erupting sores i would have just said the device your mom uses when she ****s ******f *n **r **s…(rated PG13) Mr. Silly Willie
still long and
http://img266.imageshack.us/img266/8296/feels2bgood2bman2bdog2b.jpg
Hey Jake,
Check out Hudson City…HCBK
Blast from the past… good one as I recall.
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Jake, just caught the article you posted at the Fly’s.
I hate Bill Ayers from the bottom of my soul. I’m not surprised these disillusioned nut jobs are running around trying to orchestrate things behind the scenes. I can only hope they’re onboard whatever ship the Israeli’s finally get fed up with; I dare say the poor flimsy planning of left wing activists won’t hold up well against torpedos.
I ask this in the copious respectful way. Why is it that the masses don’t realize how biased the media is towards the democratic party? AND why is it that when they do hear an un-filtered damaging story it doesn’t seem to resonate with them? (Is it because it’s not drilled into their despoiled heads day after day or John Stewart scoffs it off?) Use this event as an example. Bill Ayers, a convicted domestic terrorist launched Obama’s career in his living room. Now if Barrack by chance had a R behind his name the left wing media would be hysterical, (he would never have had a chance to be the nominee) but since they (left wing media) manufactured this street agitator and he leans/bends over left they leave him alone. I get that, but why can’t the middle see past the media smoke-screen?
Because you have to be paying attention. No worries, the Manchurian is not standing up to close scrutiny. I just hope it doesn’t embolden the wackos too much, as it did back in the days of the other hapless Harry — James Carter.
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Thanks Jake…I was looking from an answer from CT since he sits on the other side of the isle….
Now put on a sweater…
You mean like the left side?
Don’t think so.
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CT comes off to me as a lib
Are you high? Where do you come off thinking I lean left? Far from it, sir.
Oh pardon, i’m glad to hear it, it helps me hate you less….what’s your bench?………and no I’m not high I don’t start drinking until after the gym….then as high as a kite
This should piss you all off…. http://www.foxnews.com/us/2010/06/02/la-school-district-teaches-az-law-is-un-american/
Jake will like this latest musical video out of Israel and making the internet rounds titled “We Con The World”
http://www.youtube.com/watch?v=FOGG_osOoVg
Fucking terrible. Not funny at all.
Can’t see it at this work station… is it anti-Semitic?
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No. Actually, the opposite and exposes the hypocrisy. Jew haters,terrorists, and anti-democracy types will probably try and get the video deleted.
I will be interested to see it to see what is irking the Zombie.
(Perhaps he dislikes Jews because they worship Yaweh instead of the Fly?)
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What irks me is that it’s the lamest OT video ever posted on this great site.
Let’s get back to GLD, etc.
Jake is Goldfinger.
The Fly is God.
Great vid…unless you’re a Lib fag…and i’m not super pro Israel does no wrong kinda guy
Squats, leg lifts, hack squats(light),Leg ext(light) good mornings, calf raises…25 min on stair master…4th kettle one
Tonights post was brought to you by the letter A
Israel boards a ship which sailed from one or our NATO allies, and, in international waters, shoots unarmed people dead – – including an unarmed AMERICAN! – – AND THE SMUG ISRAELI BIGOTS THAT MADE THAT FILM THINK IT’S FUNNY.
Too many Americans at so conned by propaganda or so scared that they will be called anti-Semitic that they quietly tolerate the ongoing slaughter an oppression of human beings by Israel – even when it is Americans being killed!
Do yourself a favor and talk to people who have been in Gaza and have seen children who have been hideously maimed with ordinance made in the good ole USA and provided free-of-charge to Israeli religiously-motivated, territorial-expansionist, whack jobs.
Wake up and grow a pair!
LOL. Talk about “conned.”
Unarmed, eh? And those crack Israeli commandos were shot up, bludgeoned and otherwise wounded via excess clumsiness, no doubt?
Tell me about believing nonsense propaganda. Lenin had a word for easily led sheep like yourself.
Maybe you ought to pull your head out of Mother Jones or Hamas Daily long enough to ask why the heck the Israelis are forced to blockade that port in the first place?
Something about giving land for “peace,” clearing completely out of Gaza (including settlements, Mr. Ethnic Cleanser!) and then getting their children’s schools rained on by Hamas rocketeers for their troubles?
Tell me about “slaughter” when you back animals like that. Tell your story walking, pal.
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The people that go on these peace missions know that being armed would undermine what they hope to accomplish. They are always unarmed. Why the fuck do you think they were fighting off armed soldiers with sticks, fists, or pipes …or whatever else was lying around? Learn to think Jake, not just parrot what you’re fed.
“getting their children’s schools rained on by Hamas rocketeers for their troubles”
No you stupid fuck. It is not Israeli schools that get hit, IT IS SCHOOLS IN THE GAZA!
I think you are bright enough to know the truth and to have discerned the simple math of who is getting killed over there. What I don’t understand is why any American that isn’t religiously motivated to take land because “God gave it to us” would support our funding of the slaughter and occupation of Gaza. BTW, our troops in the mid-east always catch the backlash when Israel inflames the Muslim street – do you give a shit?
Obviously, the above resort to losing your shit shows that you are dangerously unhinged on the subject. Cut down on the coffee.
As for your profanity laced reply — Wrong, the schools and neighborhoods were in Israel. The Hamas rocketeers targeted civilian populations. I am not going to argue established fact with you. It’s quite obvious that you’re in need of some serious deep study. The “school” to which you refer was the base of one of the Hamas rocketeer leaders. Are you actually defending such cowardly practice as hiding among (usually) civilian centers in order to avoid battle, all the while targeting the other sides civilians first?
How far around the bend are you, exactly?
Your last plaint is hilarious. Are you claiming that oiur troops catch more shit for backing Israel than they would otherwise for occupying territory that your nutbags think belongs only to the people of the Sword? Lol. Do you blame the Joooos for all of your problems as well?
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Mr. Purdy,
You ignore the obvious.
I think any reasonable chap understands that if Hamas and the Palestinians laid down their weapons and dismantled their rocket launchers, there would be peace in the region.
If Israel laid down their weapons, the state of Israel would cease to exist.
Despite Emir Obama’s delusions of princely diplomacy, the West will not solve this problem.
Armageddon is the coming disaster, and paradoxically, the solution to this ancient conflict in the end. The stage is being set, and it will be the show of shows.
“I think any reasonable chap understands that if Hamas and the Palestinians laid down their weapons and dismantled their rocket launchers, there would be peace in the region.”
You’re assuming that Israel would give up their land grab. Israel has become increasing controlled by expansionist, religious nutjobs – they are not what you call “reasonable chaps” …I mean, why do they undermine every attempt at a so-called peace process” The Israelis running the show don’t want peace.
Why does it matter to Americans? Because we are funding radical religious nutjobs in this fight. We should simple butt the fuck out and maybe Israel would find the will to cut a deal – they would be better for it in the long run.
I can’t wait to meet you and practice my waterboarding techniques. You obviously have no useful information, so the waterboarding would just be for educational purposes.
Talk about the plank in your eye. One side may be “religious nutjobs” but the religious nutjobs on the other side believe murder a sensible and God sanctioned tool for their cause.
The nutters you have no problem backing want everyone — agnostic or not — who does not bow to sharia, dead and out. Shooting rockets into schoolhouses was my tell. What was yours for getting on their side?
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Perhaps a little black gold for you, Mr. Gint?
I saw you glomming that today on the PPT (I got ERX instead). NIce post!
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Jake
You missing one heck of a concert..
Listening to george jones live. Great!!
Was the concert longer than 1/2 an hour? George is known for cutting ’em short these days…
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