And then you run across stocks like this...
Maidenform effin' BRAS!... How did I NOT KNOW to get IN on that one. 21 straight days (and the bra strap isn't broken yet)... Maybe it has something to do with the KTZ... Or this one...
F***ing BON TON Stores!
"The BLUE HORSESHOE loves 'The Bon Ton', put all your BEST clients in it"
"I don't know where you get your information Bud but I don't like it"
Maybe something will change soon... Maybe, I'll just wake up one morning and there actually be some kind "Change I Can Believe In"... Until that time, well, I'm not ready to grow any "man boobs" just yet, so I doubt I'll be needing one of these... yet...
181 comments:
From yesterday...
Greek Crisis Is Over, Rest of Region Safe, Prodi Says...
“For Greece, the problem is completely over,” said Prodi, in an interview in Shanghai...
TODAY
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit
I guess they didn't get Prodi's memo...
In trying to keep level headed and appearing to entertain the bull argument, wasn't it the garbage like C and AIG that led the push up last summer?
Also, did somebody flick the RISK switch to OFF?
RealtyTrac Reports 308,524 Foreclosure Filings In February, 2% Decline From January, Snow Slows Down Foreclosure Activity
Foreclosures in U.S. Rise at Slowest Pace in Four Years on Obama Efforts
---
So CV needs to know... Was it the "snow" that caused the slower pace of Foreclosures, or was it OBAMA's EFFORTS?
Because, just recently, I seem to recall Obama "blaming" the same snow for slow retail sales & higher jobless numbers...
Help... I'm confused here...
CV-
without digging to deep- my guess is huge short squeeze on MFB and BONT-
in fact the whole rally could be categorized as a colossal short squeeze
@McHappy
By the looks of things the past few weeks, the RISK SWITCH appears to be on
gotta roll- early meeting-
sure am glad my QID order never got filled last week-
all have a great day!
pfft... I've been buying bra stocks with the clasps in the front.... my bad... I'll have to do more DD on my stock picks next time! :(
sold TM, just to much bad news out there
anyone one into shorting the yen, now or soon?
QQQQ
@ahab
No doubt... I'm just pointing out those two (among many), to illustrate how utterly ridiculous and un-tradeable any of this is...
I'm just trying to keep myself entertained here...
@CV 9:01
Nice. mcHAPPY was always told if the switch doesn't flick OFF after 4 hours you should seek help. Me thinks we are past needing help. Johnny's hard on will (hopefully) prove fatal.
@QQQQ
Yeah, with Priuses going 90 down the highway and can't stop, that can't help... Plus, the trade deficit numbers came out today and showed a weakening of auto imports to this country...
I'm not sure WHERE a lot of the various models of Toyota that are sold in this country are actually manufactured though...
As for Prius... You know, I thought the WHOLE PURPOSE of those tree hugging beatches buying a Prius was to save on carbon emissions... If that's the case, what the hell are they doing going 90 on the freeway to begin with? Just asking...
CV,
You missed the obvious conclusion that MFB has found FIRM SUPPORT.
Greek street protester/striker/rioter quoted on npr this a.m. in response to question "aren't you concerned about greece imploding?"
"no, there's nothing i can do about greece imploding. i have already imploded personally."
Where are the 200,000 new jobs I have been hearing about? These initial claims have unexpectedly been, er must be, wrong!
cv -
wasn't the 90 mph prius ride unintentional acceleration?
at 90 mph the prius was probably still getting better milage than mostother iron on the road doing 65.
just saying...
cv, first thing i saw in market news this morning was the mfb share offering.. now we know why the stock was run up..
Maidenform Brands, Inc. (NYSE: MFB), a global branded marketer of intimate apparel, today announced that one of its stockholders, Ares Corporate Opportunities Fund, L.P. ("Ares"), an affiliate of Ares Management LLC, a global alternative asset manager and SEC-registered investment advisor, has agreed to sell 3,187,351 shares of Maidenform common stock in an underwritten public offering at a price to the public of $21.00 per share. Barclays Capital Inc. ("Barclays Capital") is the sole underwriter of the offering which is expected to close on March 16, 2010, subject to standard closing conditions.
Maidenform has agreed to purchase 1,593,675 of the 3,187,351 shares of the common stock being sold by Ares from Barclays Capital at the same purchase price paid by Barclays Capital to Ares in the underwritten offering. This stock purchase was agreed in connection with Maidenform's existing stock repurchase plan.
@LB
LOL :-) How'd I miss that?
@72bat
What's amazing to me is that Americans read those headlines, or see the images on TV and think of it as only something that could happen OVER THERE...
It'll happen here just as swiftly the day that they decide to stop extending unemployment benefits, or Social Security payments are tinkered with...
It'll get to be downright fashionable!
anecdotally, my sons and i have a running joke about how fast prius owners drive. i'm always getting passed by them! we'll say, "yup, there goes another prius driver.." as we putt along at 75..
@72bat
Wanna stop global warming?
STOP BUYING STOCKS! Let the Dow go to 1,000... That ought to take a big bite out of it...
@karen
I know right! I was going to say the same thing...
The great seer of all things coming explains it all to you now! (No charge to everyone except LB)
Austrians finally win. Keynesians find that the little sticking point is that their theory only works in times of massive debt if interest rates can be kept abnormally low...basically forever. Once interest rates return to say, 6% on a 10 year, then the cost of the Keynesian stimulus cracks the system. The shift of private debt to the government Atlas proves to be nothing more than hypnagogic sleep...and a dream.
We then become Greece...
...Lefty, if you read this, then send me a twenty....
LB doesn't have two nickles to rub together :-)
Neither does CV anymore... (So I appreciate the "no charge" offer)...
Lefty has lost more money in his sofa than I will ever see. Don't let him fool you, CV, the boy taught Ben how to print fifties...
@Amen
What happens if the WEEKLY reversal on the 3LB isn't confirmed this week at 1126...
I don't know the rules on that...
Give me 33 Liberty, or Give me DEATH! - Having some fun with a spray paint canister at the New York Fed
Morning friends!
Gotta do my morning glance across the blogosphere and will check back in shortly...
Will check the chart you posted late last night, Ra-
BTW- I-Man went to sleep last night with visions of Fib Arcs and Gann Angles dancing through my head...
LB reminds the host that participants in the bond markets usually have large footprints... Bruce, we will not see 6% on the 10y in a long time.
Well, we are getting our down day in equities. Finally... CV, I will give you the call later on TLT calls, buy at 12.59....
Have stuff to do, be back for the auction. Go bucky.
@LB
Give 'em my regards :-)
How'd you get Karen to pose for the picture?
CV
It stays in its range until it's confirmed or reverses in the opposite direction.
C,
Most of the banks are green today...
@Bruce
karen would have a red bra...
That's her evil step sister...
@McF (10:18)
Either they didn't get the memo... Or I didn't...
Ra- You inspire me, bro.
7.2 in chile..
Earthquakes and Megacities
Karen's pad?
Tasteful..?
@ QQQQ
I-Man would not be shorting yen just yet...
Dont know how you are playing that one, if its futures or funds, but I have done some FXY charts recently, and my conclusions were the opposite...
Very strong uptrends on the weekly and monthly timeframes, that look to be set to continue higher. I think there is a triangle continuation pattern in play on the weekly chart that is going to thrust up to the 118 level.
I think you'll have a shot to short FXY from 118 if you're patient.
If my analysis is incorrect, then the probability of a successful short trade increases once 106 is taken out.
Just my 2 cents.
Stephen Roach in March 9 market message: Once again, the China skeptics are out in force. Tales of asset bubbles—property and credit— and/or an imminent banking crisis are making the rounds. These fears are overblown.
@karen
According to the latest executive order by the POTUS...
All newly discovered "fault lines" for these devastating earthquakes will be labeled
"Bush's Fault"
Short FXY after Japan's end of FY, in other words after April 1. Right now Japanese cos are repatriating yen, plus any risk aversion is yen-positive.
Problems in Muni Land, Harrisburg now has a budget but - brilliant solution - they're not going to pay interest on the debt !!
http://www.bondbuyer.com/issues/119_296/harrisburg_mayor_veto_fiscal_budget-1009370-1.html
The British have quite a history of getting to the bottom of things.
and, LB, that "pad" was not to my liking at all. an insult to my aesthetic sense, actually.
Anyone ever tracked this beast?
CYB
I wonder what Moody's will rate those Harrisburg bonds now? Lefty, I know you saw that Connecticut is taking Moody's and S&P to court based on their nonsensical ratings before the great recession...
http://www.businessweek.com/news/2010-03-10/connecticut-to-sue-moody-s-s-p-over-subprime-ratings-update1-.html
Or this one?
SIJ
I-Man, no and no.. low volume vampires! vix up, will wonders never cease?
The CT and NY state AGs are among my few hopes for civilization.....
Karen, the offering of the "pad" was T-I-C. So, men want sex until they are almost dead? Now there's a shocker. Explains Hef...
got my 10 min $indu 3 day chart up to see if the downtrend line holds.. so far so good..
wonder if some big HFs (that includes banks that act like HFs) will want to send a message to congress about the financial plan..
Whats that SPY?
Wanna play rough?
http://www.youtube.com/watch?v=SQh80G5TAek
@karen
If you're bored, get over to your local grocery store checkout line PRONTO! and pick up the April issue of Cosmopolitan...
50 Things to do BUTT NAKED!
@LB (10:51)
Just look at that photo I had up of Fibonacci yesterday...
Still kickin' it long after, it appears...
"wonder if some big HFs (that includes banks that act like HFs) will want to send a message to congress about the financial plan.."
Like a one-fingered salute?
http://www.msnbc.msn.com/id/35806883/ns/us_news-education/
KANSAS CITY, Mo. - The Kansas City school board narrowly approved a plan Wednesday night to close nearly half the district's schools in a desperate bid to avoid a potential bankruptcy.
The board voted 5-4 after parents and community leaders made final pleas to spare the schools even as the beleaguered district seeks to erase a projected $50 million budget shortfall. The approved plan calls for shuttering 29 of 61 schools — a striking amount even as public school closures rise nationwide while the recession eats away at academic budgets.
@Bruce
Now why can't they be more like Harrisburg, PA?
Anyway, I suppose that's one way to deal with school busing issues...
If you're as bored as I am with this tape, and find yourself, as I do, trawling around the internet looking for gems... Here's one (response to an article written expressing concerns about the China bubble)...
Response:
"Last night, I had my quarterly dinner with the Men's Club, a group of left-leaning individuals, mostly Marxist professors. They provide me insight that I simply can't find on mainstream media. Anyways, the now retired professor Sam Noumoff and I discussed the topic of a Chinese bubble. Sam told me flat out that "even if there is a bubble, they will deal with it quickly. China saw what happened to Japan, and they don't want to end up like them."
---
So there you have it people... In China, even if there is a bubble, they will deal with it quickly...
I know this to be true because I uncovered a picture of them doing so...
RE: 11:20
That's BULLISH, Bruce! No different than companies streamlining their workforces last year. Squeeze more work out of those teachers. Snark.
C: China is really concerned right now b/s food inflation is running 15-20% y/y and that is much more of an issue in low income countries.
another unexpected surprise for Bruce:
WASHINGTON (MarketWatch) -- After widening dramatically for two months, the U.S. trade deficit reversed course and narrowed unexpectedly in January, as the government's latest data on imports and exports suggest that the global economic recovery remains tentative.
@LB (11:37)
Instead, In the USA, we use 10% of our farmable land to grow moonshine to put in cars...
The rest of the cars are Priuses with the accelerator stuck at 90...
Keep printing that money Ben!
TrimTabs: Recovery 'seems to be the real deal'
11:48 AM ET 3/11/10 | SAN FRANCISCO (MarketWatch) -- The U.S. economy is performing better than expected, helped by low interest rates and government stimulus, TrimTabs Investment Research said Thursday.
TrimTabs, which tracks real-time economic data, has been mostly bearish in recent years as the financial crisis sparked a surge in unemployment and a drop in income in the U.S.
As the economy showed early signs of stabilization last year, the firm remained cautious. However, on Thursday, the firm said it's seeing more reasons for optimism.
"This rebound seems to be the real deal," Charles Biderman, chief executive of TrimTabs, said in a statement. "The key indicators we track suggest the economy will keep expanding over the near term."
Wages and salaries are up 3% year-over-year based on income and employment tax deposits to the U.S. Treasury from all salaried U.S. workers. Meanwhile, online job postings, one of the most sensitive employment indicators, are up 9% year-over-year and 18% year-to-date.
"The economy is performing much better than we realized just a few weeks ago," said Biderman.
Most of the economic rebound has been fueled by low interest rates and government stimulus, he noted. While TrimTabs estimates that the economy lost 30,000 jobs in February, the firm expects employment to expand in March as the government hires more temporary workers to complete the census.
The greatest risk to the economy now may be higher interest rates triggering a blow-up in the bond market, TrimTabs said.
Retail investors are pumping a record $1.5 billion daily into bond funds, enabling governments and companies to issue huge amounts of debt, the firm argued.
"Right now, investors starved for yield are eager to lend money at historically low rates," Biderman said. "If and when investors demand higher rates in response to accelerating economic growth or deteriorating sovereign creditworthiness, the consequences could be ugly."
I'm jusssst saying....50% of schools in a large metropolitan area like KC, MO going to close? Perhaps we should have sent the money somewhere else than the TBTF banks, and CFC, and repaving suburban roads.
I cannot remember anything like this in my lifetime. This is flyover country, not Orange County, California!
@karen
And I'd say equities have pretty much "priced all of that in" by now...
I think Biderman has predicted 9 of the last 3 recoveries....
bruce, thanks for that.. i mean, i'm just dumbfounded..
speaking of OC.. my neighbor that bot the most expensive home in my town (at or near the top), just bot a house on another street as it was reduced 50% from the original ask.. i bet it's not even worth 50% of that.. i don't think his RE track record is good but time will tell!
Quick look at PBR weekly:
http://dreadcapital.blogspot.com/2010/03/pbr-weekly-fan-chart-31110.html
Fans.
@I-Man
Petro BRAS
Maidenform BRAS
How can these all be in vogue when karen's top is OFF?
"just bot a house on another street as it was reduced 50%"
JOHNNY loves to DOUBLE DOWN with LEVERAGE
Hee hee. Expected weakness in the market right before the auction. I guess it's harder than they thought to convince traders to buy the 30YR.
i'm getting rather impatient with the dollars consolidation face.. and am livid over the $bkx..
I know!
Its like GLD and UUP are in a major stare down...
Who's gonna blink first?
The best place to build your dream house is, of course, on a "permanently high plateau"...
NICE PANORAMIC VIEW of the Mountains of debt...
@I-Man (12:37)
"Who's gonna blink first?"
Pelosi
Marty Feldman
"just bot a house on another street as it was reduced 50%"
JOHNNY loves to DOUBLE DOWN with LEVERAGE
Ooohhhhh! A dip and I missed it. Rats.
TLT 1min chart looking a bit fishy...
@I-Man
30 year auction at 1PM
Probably Lloyd front running the orders...
And check out the algo shenanigans on the SPY 1min chart from say 12:10 to 12:30...
What do folks make of that little flag, and what may be going on there?
30y offering taken down at 4.68%.
30 year must be going well...
nearly a 30% direct bid ... love it
TLT thinks so anyway...
BUCKY should benefit from that auction. C'mon, paperback....
C, if we have another dull day, we may need more bras.
You can just go all ROBOTRADER on us.
Yeah totally...
Got any more Demi pics, yo?
http://www.palmbeachpost.com/news/prehistoric-vero-beach-carving-may-be-americas-oldest-332371.html
VERO BEACH — For nearly three years, an artifact that might be the oldest piece of artwork in the Americas lay under the sink of an amateur fossil collector's mobile home.
It was pure luck that James Kennedy noticed it at all.
Cleaning his fossils one day last year, the 39-year-old Vero Beach man spotted a small carving on a piece of mammal bone. The image looked like a mastodon, a prehistoric cousin of the elephant.
If authentic — and a team of scientists at the University of Florida believes it is — the carving would be thousands of years older than Stonehenge in England, the pyramids in Egypt and Florida's Everglades. It also would offer rare tangible evidence that humans lived in Florida during the last Ice Age, alongside now-extinct mammals such as the mastodon, mammoth and saber-tooth cat.
...This shows that the earliest people were Americans, and that we probably populated England, then just forgot about it. Then they came back over here on the Mayflower, or some such thing.
The carving, looks, to me, likes Leftback's great great great great aunt...
a read and weep from Jonathan Weil
We are adding in the 5-7y Ts today, haven't been there for a while.
The 2.41% area looks OK here, with demand strong. Small move, though.
The usual plan to hedge over the weekend remains in place until further notice. We added a smidgen of long bonds yesterday.
Hendry today in The Daily Telegraph
@LB(1:13)
Getting Ready for World CUP
Small "NC-17" rating on that one for those at work
I could use some Vero Beach inna I life right about now...
Some of the best breaks on the EC down there at Sebastian.
Well, the USA may not be able to outgun the Argentinians on the field....
@Bruce
All that tells me is that "prehistoric caveman types" probably belonged to the GOP...
http://www.surfline.com/surfing-a-to-z/sebastian-inlet-history_904/
c at hod..
@karen (1:15)
Re: Weil/Greece
Try to spot the CDS Speculators in the crowd
...on C
Hey - My fib arcs yesterday told me C was probably going to "at least" 4.17 (I wrote that yesterday)...
FXE about to break and take this whole thang lower.
I knew nothing about Senator Sherrod Brown until today. His letter to Geithner and Summers is noteworthy, as is his web-site http://brown.senate.gov/
CV, ZH has been down for me most of the day.
I-Man, wishful thinking makes woeful want... but upp has managed to get back to 23.60.. i'm about to bag this for the beach or at least a sun shower..
The Mannwich indicator has failed us...
Sell em LLOYD, what are you waiting for?
We will come in with the PPT later.
Amazing really, there was a time when a RIOT in Greece would have caused a major sell-off, even a firecracker in Baghdad would drop the market.
Now it's all LIQUIDITY from the FED so a neutron bomb could go off in Midtown and they'd buy the dip.
I hear ya loud and clear Karen...
I-Man is just going to turn away from it for awhile and do some work.
maybe if i put on my red.. ah, dress... laughing
Ha!
I bet you got more than a few clicks on that link...
See how easy it is?
Just step away... Lloyd knows.
big breaking news!
Head Of Goldman Sachs's Largest Hedge Fund Is Leaving
By Jessica Papini Of DOW JONES NEWSWIRES
The head of Goldman Sachs Group Inc.'s (GS) largest internal hedge fund, Pierre-Henri Flamand, is leaving the bank to start his own hedge fund, a Goldman Sachs spokeswoman in London confirmed.
@LB (1:49)
There's a great documentary series on something like DISCOVERY CHANNEL that's called "Life After People"
It describes the world turning to WORM FOOD basically in the days after the entire human population were to simply vanish...
CV is pretty much thinking:
100 years after people Lloyds computers will be "buying the dips", or AAPL stock from Jamies computers long after people, iPods, Ipads, Iphones, & Macs are dust...
Grab those 5y Ts at 2.42%. Get em while they are hot.
5y JGBs anyone ???
I have a recurring dream where the Dow actually went to zero one night in 2008 - everyone was ruined, and they razed the exchange, Becky Quick cried and Kudlow and Cramer sat on the floor in the studio and did coke with Melissa Francis and the hot girl from Bloomberg Asia.
and then they built a plastic replica of the NYSE to put on this show....
@karen
Don't go or you'll miss...
CV is going to be ringing the closing bell at the NYSE
"did coke with Melissa Francis and the hot girl from Bloomberg Asia..."
Priceless.
LMAO.
Sell it bitches.....
LB
Which one? Susan or Miriam? Or both?
This is good:
http://www.oftwominds.com/blogmar10/wealth-distribution03-10.html
That would be Susan and Linzie from Bloomberg Europe.
I thot this was better!
Yes that's more or less exactly where my head is at. ONE TRADE.
One Trade
JNK and HYG are off BTW, that's the news from the Smart Mart.
Karen,
You've been throwing out some bullish links the last few days. If mcHAPPY was to assume, you have been trying to look at both sides of the coin? What are your thoughts after looking throw the bulls garbage?
If wrong on assumption, mcSORRY.
happy, thru the bulls garbage? my bullish links are posted bearishly. my bearish links are posted bullishly.. hope that answers your question, my dear fellow.
Always see BOTH SIDES.
For example, KAREN's TOP (much admired, but lower at the moment)
- or KAREN's BOTTOM (undoubtedly delightful but not visible).
"my bullish links are posted bearishly. my bearish links are posted bullishly"
************************
What could be more clear than that?
When are these punks going to give it up?
Geez.
I don't believe that I've seen Karen's bottom.
I realize now that "those punks" are probably saying the same thing about us...
LOL.
"Always see BOTH SIDES"
I hope that doesn't apply to LB's bottom as well.
Let's hope we don't see the other side of the LB Bottom.
After all what's LOWER than 666 ?
Seeing the LB bottom was traumatic enough.
I don't think that we at "traders anonymous"
celebrated the 10 year anniversary of the Nasdaq top.
LIVERPOOL FC, that's what. Lost 1-0 at WIGAN, now 1-0 at Lille.
I mean, Lille. They're French. They eat garlic and truffles, wear funny hats and ride bicycles and drink Beaujolais Villages and smoke Gitanes. They don't PLAY FOOTBALL.
!!!
Everyone here was 100% short "dot com" stocks in March of 2000.... right?
LB was only twelve years old in March 2000....
... or at least that's what Gary thinks.
I-Man was taking bong hits at Appalachian State in 2000... blissfully unaware of any of this.
@LB (2:53)
"After all what's LOWER than 666?"
Evidently - Polka Dot Jackets
It seems very strange to me that we are trading outside of the wedge, meaning its broken, but we havent sold off yet...
Unless we're just backtesting it with this little wiggle, and then it all falls apart into the close...
@DL (3:00)
No - Actually, CV sold his entire NASDAQ portfolio in March 2000, and bought REAL ESTATE in Italy for 75 cents on the dollar...
Then sold that SAME REAL ESTATE at 1.35 Euros to the dollar after the price had doubled...
True story...
LB has always been more of a fixed income guy.
Here at Schadenfreude we love to buy stocks when everyone is throwing them out of the pram. The rest of the time we are about return of capital and income. So no pets.com for us. After all our motto is:
"SCHADENFREUDE: Your pain is our gain"
@I-Man
Broken wedges, IMO, don't mean a whole heck of a lot...
I treat them more as "time" indicators... So when their boundaries are broken, you still have to be wary of the expiration point, in time, was of the original wedge...
When THAT correlation breaks down, you can discard it...
LB also likes to buy inner city real estate when CHIP and MUFFY are running for the hills with brown paper bags on their heads.
It's the BUFFETT thing only more extreme... buy when the sidewalk is thick with broken glass and hypodermic needles. The rest of the time, rent.
CV @ 3:09
I guess that explains why you're able to hang out on a farm in WV, instead of having to run on the 9->5 treadmill like ordinary J6P's.
Here is that "Patience" short entry I talked about on SPY...
COLD STEEL.
MARKETS...MUST...GO...UP...no matter how silly the context.
This is where it gets interesting...
I think we need to get to 1148.90 to close that gap on SPX from back in January...
I think this is the chance, right here.
TGIT
@karen
at least that's how they express it in Europe with those 4 day work weeks...
I mean hell... work on Friday? Why do you think they're throwing all those molotov cocktails in Greece...
They're striking for the right to be saying TGIW
Thanks for that. I couldn't figure out what the hell "TGIT" was until I saw the "TGIW".
CV:
That is exactly, no fooling, what happened to me too. In my younger days, I put every nickel in techs for <2 years and sold in April, 2000. It changed my life forever.
I think I had heartburn every night until I got out....on vacation I would have to be able to check the ticker...I wouldn't do it again for all of leftback's considerable monies...
We are fully loaded. Lloyd is just messing with us here.
I suppose one could go short here, cover tomorrow, and pick up a quick 0.5%
LB played the Japanese market from 2003 to 2008 when everyone else had given up on it. I figured from 40K to 8K - HOW LOW CAN IT GO???
The rest of it we made the old-fashioned way, we EARNED it.
B in T,
I didn't realize you were such a stud speculator. I thought it was all about certificates of deposit in the local S&L.
@Bruce
Actually sold my portfolio on March 24, 2000 (because I was closing escrow and signing the deed on March 31st)...
I wasn't trying to "time" the market or anything, it just worked out that way...
In any case, bubbles aren't all bad.
They merely transfer wealth from the J6P sheeple to the lucky or the smart.
@DL
Mostly lucky...
See what a liquidated NASDAQ portfolio buys you...
I'm watching 1148.90 here...
That would complete GAP CLOSURE...
See what this puppy does...
CV @ 3:46
Are we all invited for a pool party?
Nice call C
And LB, from the other site
The bulls knocked but 1150 wasn't home.
@Amen
In a certain way... I feel kind of relieved that that 1148.90 gap is closed...
Now we'll see about the rest...
Most smart investors only need one good RIDE on speculation, then it's all about AVOIDING the BIG DUMPS.
Almost nobody LB knows is UP since 2007, although they may be up for 2009. But they all got cleaned out. Especially all the yappy equity bulls right here right now. I mean, I don't KNOW John Paulson. Or Hank, for that matter.
My $4.17 call on Citi yesterday...
Now THAT's a bingo!
DL:
You only have to do it once....
LB @ 3:55
I'm hoping that BB can blow one more big bubble.
When you bet it all on Red...it makes your belly hurt. This was every nickel I had, you see. Now it is about CD's and the like...CV sounds like he did the identical thing.
..By the way, if you get out at the top as I was lucky enough to do, all your investing buddies will quickly tell you you are an investing idiot.
But I had friends who lost anywhere from 3-8 million dollars each over the next 24 months and were cured...
Glad to put the wrapper on this one...
obviously, I would have been stopped on that last push.
Fuckers.
Salt mine is closing for the day...
Later..
"if you get out at the top as I was lucky enough to do, all your investing buddies will quickly tell you you are an investing idiot"
*******************************
Such a thing would NEVER happen on this blog.
@Bruce
it's never over until you SELL, right? :-)
I wish I was back at Appalachian State taking bong hits, blissfully unaware of all this bullshit.
See yall later-
I-man's 4:01 sums up my sentiment exactly.
@Amen
YOU'VE GOT THE WRAP...
All I can say is... Haven't "Jumped the Shark" yet (emphasis on the "yet")...
I-Man is getting pretty close to jumping on the 1230 train.
Tomorrow is going to seal the deal for me.
I am with the I.
Especially on the bong hit.
Tomorrow's FX before the open will be the tell. Hopefully Bucky will be done consolidating and BREAK OUT to the upside.
The THC could provide me a much needed sense of CLARITY...because in my sober state, I am UTTERLY CONFUSED by this market. Who in their right mind really believes in the "recovery" or the effectiveness of the central banks to negate all of the debt.
If equities continue their ascent tomorrow, I do wonder how much short-covering there will be. It may not be much. Most bears seem to have given up already. This last month has been a beating for the species.
STL (time to upgrade from anonymous)
@Karen
Gotcha.
Oh yeah, by garbage I meant stuff - sort of like rummaging through someone's garbage, like the papparazzi. Probably should have just said "material" or "stuff". Anyways
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