Late Night Thought
March 17, 2008 – 10:32 pm
[[GS]] will get what they deserve.
60 Responses to “Late Night Thought”
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Surely not, because that would mean:
GS, sliding pants down to ankles
Cramer, slathering his scalp with a quality lubricant
GS, slowy bending down and grasping ankles
Cramer, slowly picking up speed while running at GS from behind
GS, bracing for impact
Cramer, disappearing except for his toes
GS, eyes bulging and croaking out a strained “Booyah”
If such a thing were possible, it would surely be a reality show by now.
March 17th, 2008 at 10:41 pmIndeed they will!!
Soap on a Rope!!
March 17th, 2008 at 10:50 pmhttp://pleasedontreadthis.com/jim-cramer-last-week-dont-sell-bear-stearns/
March 17th, 2008 at 11:16 pmA gold-plated rocketship for each member of the executive suite?
March 17th, 2008 at 11:53 pmNo wait. That would be silly and wasteful.
A gold-plated rocketship for each member of the executive suite, paid for with taxpayer dollars.
Sweet.
PS: Fly, how come you haven’t talked about China’s state-sanctioned slow motion market crash? Down almost another 5% today, and the H-shares are moving at a similar clip.
March 18th, 2008 at 12:08 am… a 10% day up. Final Four
March 18th, 2008 at 1:48 amI love st. patty’s day. so much vagine.
GS will get what they deserve. those assholes never lose…like the patriots…a prophecy foretold.
March 18th, 2008 at 1:52 amNote to self… “safe haven” plays are for idiots.
March 18th, 2008 at 1:57 amA lot of buying action over here today. Not all short covering either, just your run-of-the-mill lead up to a US fed rate cut.
I took out some index calls just before lunch (when futures hit 20,500) and am up about 20% on each. Greedily, I held them for an overnight leg up thanks to Ben and his PPT cronies.
If we get 100 points, then tomorrow will be a 7% up day over here. Followed of course, by a 20% down month in April
March 18th, 2008 at 2:08 am@uhm, watch China tomorrow.
March 18th, 2008 at 2:31 amWow GS can do no wrong. ever.
March 18th, 2008 at 5:06 amGS, PPI, FED - triple whammy. Serious money will come into the market if all three hit their mark today.
March 18th, 2008 at 5:12 amLEH! Ahhhhhhh, holy shit.
March 18th, 2008 at 5:14 amCramer, Fly´s best friend, is now part of the circus. Who says Cramer follows GS guidelines?
http://www.businessandmedia.org/articles/2008/20080317110946.aspx
March 18th, 2008 at 5:36 amAny serious investor/trader knows what Jim is - a charlatan. I must say, it takes no act of genius to be able to pick out misstatements or flat out lies uttered by the egomaniac. The amazement to me is not what he says, but that he has a forum provided by others to say it. He truely is one that I would have expected to be a blogger and not on cable TV. Why CNBC does not let him go to Fox is beyond me. They should package him with Greasy Gasparino and undertake the trade of the century. Bottom line (as Jim is fond of saying) is that we all know how difficult stock picking is when we have this kind of market. they would take him off the air if he said to go into cash for the past 5 months (which would have been the correct advice). However, his ego - like Spitzer’s - will be his ultimate undoing.
March 18th, 2008 at 5:56 amGS and LEH beat estimates, with a fed cut today… +2-3%?
March 18th, 2008 at 5:57 amDon’t blame Cramer for anything. He did not cause this crysis or make anyone buy stock, people who base their decisions on Jim Cramer are retarded and deserve to lose money.
March 18th, 2008 at 6:13 amArt Cashin just called out all of you bears for the pussies that you are. Guess I feel shamed since I was going to cover at the open until I heard Art. My shorts are not in the wild beta variety today, and it appears that much damage has already been done pre-market. Going to wait and see how the spike works this morn before covering.
March 18th, 2008 at 6:14 amMushroom,
Don’t blame Cramer? Fuck that. He is a ridiculous idiot. Anyone that follows his advice is an idiot - I agree. Also, anyone that defends him is a stupid fuck. No offense - it’s the way I talk. Gotta watch those words.
March 18th, 2008 at 6:19 amFrom Bloomberg:
“Banks and brokers have taken more than $195 billion in writedowns and credit losses on securities linked to subprime mortgages since the start of 2007, eroding investor trust in financial institutions. Bear Stearns, the smallest of the five biggest U.S. securities firms, lost the ability to finance itself last week as lenders pulled their funding.”
It will be $400 B before this is over.
The glass is half full or half empty, depending on your outlook.
March 18th, 2008 at 6:23 amAlso, anyone that (Cramer) him is a stupid fuck.
Where’n hell would ya get that idea?
He did not cause this crysis or…
March 18th, 2008 at 6:24 amDon’t mind me today, I plan to be extraordinarily cranky.
I take exception to my own tax payments being used against me to save rotten fucks.
March 18th, 2008 at 6:25 amTranslation:
I should have covered my LEH puts yesterday when they were deep in the money.
Stoopid! (bang)
Stoopid! (bang)
Stoopid! (bang)
(Anyone who remembers the Bugs Bunny toon with the Sherriff of Nottingham can take my above reference)
March 18th, 2008 at 6:27 amInteresting, LEH coming off the premarket highs a bit here.
Mebbe wait and see….
Ah, no… scratch that, coming back.
March 18th, 2008 at 6:33 amThe cows ran amuck out of the gate. Did not cover anything, not being able to outrun a cow on musk.
March 18th, 2008 at 6:34 amLEH will see $35 today at some point
March 18th, 2008 at 6:35 amand to think I was feeling stupid last night for selling my LEH puts in a day trade yesterday….
however, now I feel stupid for holding onto my MS puts.
Thank God I never got a fill on my buy order of GS puts.
March 18th, 2008 at 6:46 amDudes I was wrong on GME. Earnings and guidance were “ok” not great. So I puked it this morning, made 2.70 points in one day, I wish I could be wrong like that every time. So throw your tomatoes, ABC was wrong but a made a profit.
Looks like my S&P prediction on track though.
March 18th, 2008 at 6:50 amcalvino sell 3 shares of ECH, 2 of LVS and 1 of MGM
March 18th, 2008 at 6:58 amIf the FED decides to give something less than a 100 bps cut will we drop hard?
March 18th, 2008 at 7:14 amHow can you argue shorting something called “ECH??”
Calls to mind the early “Mad Magazine” from the fifties.
There was genius in those pages.
March 18th, 2008 at 7:15 amWhen is the Fed going to launch the helicopter, btw? 2 pm again?
March 18th, 2008 at 7:15 amI’m tired of being a bear….
March 18th, 2008 at 7:15 amCheck the action in London. FTSE going bananas!
Old Benny boy better come to the party, I’ll be trying to get to sleep tonight, leveraged up to my eyeballs in anticipation of a big follow through day here tomorrow (HK). Bought index Call warrants (and fucking lots of them) before lunch today at support, up over 20% at close, but greed kept me long so that fucker better pull a rabbit out of his arse tonight!
March 18th, 2008 at 7:18 amI believe it is at 2:30 Jake.
March 18th, 2008 at 7:20 amFOMC announcement at 2:15 PM EST
March 18th, 2008 at 7:24 amThe Fed will not give 100. Better long entries & short covers await tomorrow.
March 18th, 2008 at 7:29 amLEH not going to zero after all. So sorry.
March 18th, 2008 at 7:44 am2:15
ECH.. Chile is not getting the power it needs. It’s in the buzz, but besides the bs, a miner actually bought a DeWind turbine to try to get power to his lifts a few months ago. Chile = copper, shorting PCU scares me, so I like this a little more.
March 18th, 2008 at 7:46 amDT: Can I get some credit for my GS buy call yesterday morning at 141
March 18th, 2008 at 7:48 amGappy,
Unbelievable call on GS yesterday! I can’t believe this stuff… now GS upgrades LEH and MS.
This market smells funny.
-DT
March 18th, 2008 at 7:51 am3 month LIBOR is 2.54. This is closely linked with Fed Funds rate. Last rate cut LIBOR was at 3% the day before the cut. Don’t know if we are going to get a full point today.
March 18th, 2008 at 7:55 am“Candled” does not accurately describe the condition of my balls on LEH right now.
More like “candelabra’d.”
Bust out the dreidl, because it’s fucking early Hannukah down there, boys.
March 18th, 2008 at 7:59 amThis rally is something fierce
March 18th, 2008 at 8:02 amcalvino
Ft Alphaville has this article on the upcoming commodity crash
http://ftalphaville.ft.com/blog/2008/03/18/11652/commodities-the-big-fall-is-coming/
I know there are expert traders posting here who will agree with the difficult future for copper prices.
March 18th, 2008 at 8:04 amThe Fly like other wise investors have let us know of a tough second semester for commodities.
It seems that the crisis has speed things up.
What do you think?
The FIX is in … never underestimate the PPT in the short run particularly after the markets have been tied to the whippin post for 5 months.
I say, get out of the way of the bulls tossing a party if you are a bear.
My guess, we sell off after fed time into tomorrow but the bulls will be back.
March 18th, 2008 at 8:04 ampablo.. I am not a metals trader, but if you want to short commodities, then copper is the one that sums up all of them. I want to be short Chile/copper because of a specific situation. In fact this might be hugely bullish for copper. I can not make a call on commodities crashing because I still see huge amounts of excess liquidity everywhere. well not in bsc. MY position is small, and I will build into it if the trade goes with me.
March 18th, 2008 at 8:16 amA possible tell was that the Fed extended the new loan facility to the ibanks… AFTER BSC WENT DOWN.
March 18th, 2008 at 8:18 amBSC was the fall guy. The rest of the big banks will likely do just fine.
This was all probably determined in back room deals between gov and bank execs?
Bearshitters have vaginas
March 18th, 2008 at 8:20 amThe Patriots is a great analogy. Cheaters always win, until they don’t. Shoulda kicked the field goal when you had the chance. Bwahaha!! With idiots like Paulson at the helm you just know there is going to be a similar mistake made when the “big one” is on the line. What should we do coach? Punt.
March 18th, 2008 at 8:24 amJakey, why are you fighting the incarnation of the devil in the guise of Fuld? Have you renounced the Lord and the works of the Saints in hopes of defeating Beelzebub? His hench gargoyle Ara Hovnanian is weaker in his wickedness and will render himself unto your shorts when the crack pipe goes to empty - soon.
March 18th, 2008 at 8:24 amJesu, I hopeth it be so.
March 18th, 2008 at 8:46 amprediction - the Fly will announce his 2nd retirement, shortly.
March 18th, 2008 at 8:49 amI am out on GS now at 171.
March 18th, 2008 at 8:52 amnice work gapping.
looks like we might ease off the highs here for a little, until the fed
March 18th, 2008 at 9:04 amFear not, Jake.
March 18th, 2008 at 9:10 amI wonder if we rally into the visa IPO? Member banks are desperate for this IPO to work. Would relieve a lot of pressure…jus a thought…
March 18th, 2008 at 9:13 amcalvino,
That guy Hovanian is playing George Washington in the HBO series “John Adams”, right?
March 18th, 2008 at 9:46 amcalvino
thank you very much for you wise advise.
Yes, Chile is having plenty of energy problems
March 18th, 2008 at 11:03 amcramer is a fool, but it isn’t his fault that people lost money.. at least the money that people did lost gave them a valuable lesson…
March 18th, 2008 at 4:57 pmThe people who held on to bear sterns cause cramer said to, or the people that buy stupid crap because cramer said to are fools.