Classic CNBC
March 26, 2008 – 8:49 pm
NOTE: No offense to bitches.
Hat tip: Some moron in the comments section.
UPDATE: Don’t look now, the “bullet proof” Chinese stock market is out of control bleeding red, ahead of the Godly Olympics. Who would have thought?
Short the spirits out of [[LFC]]. Those assholes have ridiculous equity exposure.
Time Machine Flashback: Fuck the Banks.
UPDATE II: It has come to my attention that an “iBC resident,” Boca, has an interesting Ebay auction going. Inadvertently, Danny bumped into her auction of Bear Stearns squeezable bears.
Go get one.
Hat tip: Some moron in the comments section.
Listen up, you. New Equity is not just “some moron.”
He’s our moron!
_________________________
Who would have thought?
That’s why I asked you why you weren’t adding FXP last week, after that massive pullback.
March 26th, 2008 at 9:10 pmIs there any doubt that Dennis Kneale is lighter than Liberace in a Naked Helium Balloon party?
March 26th, 2008 at 9:11 pmCan’t be said enough…
March 26th, 2008 at 9:15 pmYou notta unda stan china bad now, but we cool off a rates just waita til we hika rates so mcuh we have nothing to do but cut for the next 20 years–you will see, we takea bear market now, but in 20 years, you better learn chinese bitches! In the face of shit hitting the fan we hike rates, bam no inflation– people might not like it, but just wait until all the assholes out because they can’t handle the high rates. financial darminism at it’s best–once the fuckers out and 0 competition, we cutta rates more then BEN, but no one can get the loans esept those who survived the rate hikeage at first, they get ahead and then everyone follows and economy continue to grow like my pee pee when I watcha illegal youtube semiporn–But when that happens, we all going to grow and demand all of our debt. Don’t forget you owe us 60% of your debt– So you’re fucked assholes– I hope you like eggroles, because you’re gettin one up your ass bitch!
March 26th, 2008 at 9:21 pm-Johnny’s Wang
Fucking earthquake in so cal!
March 26th, 2008 at 9:31 pmlook at me!
http://mastheads.typepad.com/photos/uncategorized/dennis.png
Wait a minute let’s get a closeup…
http://www.saumilpatel.com/wp-content/files/Independence_Day.png
Hello Boys, I’m BACCK!!!
March 26th, 2008 at 9:33 pmhttp://biz.yahoo.com/ap/080326/economy.html?.v=11
http://latimesblogs.latimes.com/laland/2008/03/california-free.html
http://www.breitbart.com/article.php?id=D8VL9M180&show_article=1
March 26th, 2008 at 9:34 pmYou watching too many Bruce Lee movies little Mao. You know that Seventh US Fleet in Okinawa? That’s not to protect them, that’s to protect you from them. Better keep sending us that rotting particle board furniture and cavitated water pumps, or we go home. You thought Nanking was a rape, the Imperial War College thought they were in Club Med.
March 26th, 2008 at 9:47 pmSierra-
I felt that shit. Second time in the last month. When are we getting the big one?
March 26th, 2008 at 11:19 pm3.1 is an earthquake? My toddler is about a 2.9 when she walks around on the 2nd floor above my head.
http://pasadena.wr.usgs.gov/shake/ca/
And MVIS is very Kneale, even when it goes up on a down day.
March 26th, 2008 at 11:38 pmSeems to me that the ‘client #1′ jibe hit a bit too close to home for ol’ Dennis. Trouble in paradise?
March 27th, 2008 at 12:42 amThat’s my youtube post! Yes. The legacy lives on. Leonard, since your first name is my brother’s middle name and a variety of other reasons, you are number one.
March 27th, 2008 at 1:26 amMy boy is not gay
My boy is not gay
My boy is not gay
I repeat this every morning after a few Hail Marys
And then I thank the Good Lord that he is still employed. I think that is all the proof I need that there is a God.
March 27th, 2008 at 3:28 amThe original Dennis Kneale Is An Idiot post… never forget.
-DT
March 27th, 2008 at 5:16 amI have exactly one Bear Stearns bear left. I’d like to offer it as a consolation prize to the 2nd place winner in the current iBC stock contest (which I haven’t been following because it’s out of my realm). Just tell me who and where to send it to when you have your winners.
March 27th, 2008 at 5:17 amDT, when are you going back to blogging? You know you want to. Write something here.
March 27th, 2008 at 5:18 amCME increases leverage requirements for COMMODITIES…EFFECTIVE TODAY!!! According to Mr. Gartman…
SMN huge buy…assuming there is liquidation coming.
March 27th, 2008 at 5:37 amDino’s got no time for blogging. He’s too busy with his burgeoning cinematic career:
March 27th, 2008 at 5:42 amI am with you Big Mike. Watch all commodities get trashed like last week (hopefully). DCR,short DBA,DZZ look decent also. The hedgies have been raping the consumer for a couple of years with their speculation under the BS guise of supply and demand. It’s been nothing more than allocation of cheap $$.
March 27th, 2008 at 5:47 amSMN positive, MON negative in the premarkets
March 27th, 2008 at 5:48 amBoca,
Will these things be of any help for my attention deficit disorder?
March 27th, 2008 at 5:50 amDamn you Jake Gint… damn you.
I’ll get my revenge in November.
Boca, I’m waiting for “the Fly” to offer me full time “headline status” around here and a stuffed animal or two. Oh, and a restraining order against Mr. Gint.
-DT
March 27th, 2008 at 6:21 amWhy yes, Jake, maybe you could bend over and have your wife gently insert them for you, it works wonders for ADD (just kidding hah).
March 27th, 2008 at 6:21 amDT — I found an even better one, but I’ll have mercy on Fly’s bandwidth for this thread at least.
What’s happening in November? You still rooting for the destruction of the country via socialism?
March 27th, 2008 at 6:37 amThis 1340 on the s&p is driving me insane.
March 27th, 2008 at 6:54 amThe ATM machine is working again today.
March 27th, 2008 at 7:07 amLEH is the greatest company of all time, for the bears
March 27th, 2008 at 7:25 amBut wait.. there was just another bobblehead on CNBC telling us NOW is the time to nibble on financials… We can’t possibly have any more big, negative stories…morons.
FNM and FRE a beautiful, controlled selloff from the nonsensical bounce as well.
March 27th, 2008 at 7:27 amShort DBA.
March 27th, 2008 at 7:28 amFED is behaving very nicely for “da Bearz” as well.
March 27th, 2008 at 7:34 amJake,
Well, we could just elect McCain and continue to ruin it the same way we have for the last 8 years… damned if you do or damned if you don’t I guess…
-DT
March 27th, 2008 at 7:36 amBut listen… we don’t have to argue about politicians. I’m firmly believe that they all suck and they exist only to divide “the people.”
We should really be marching on Washington right now, demanding the return of our government.
-DT
March 27th, 2008 at 7:38 amShort DBA is the way to play the increase in commodities margin req.
March 27th, 2008 at 7:39 amWhy the fuck is LEH crashing with heavy volume? Anybody knows?
March 27th, 2008 at 7:44 amBig Mike,
LEH Lehman Brothers bond risk rises, credit default swaps rise 15 basis points to 265 BPS - Bloomberg (39.74 -2.74) -Update-
-DT
March 27th, 2008 at 7:45 amMike — it sucks?
___________________
Dow Transports below yesterday’s low and now resting at the 50% fib line after being turned back by the 61.8% marker.
This is getting interesting.
March 27th, 2008 at 7:45 amIf you want to return the government to the people, Dino, why would you be seeking to put an authoritarian socialist in power?
I mean, besides the “People Magazine Most Lovely” factor, and all that?
I agree, McCain’s not much better than Bush, but he’s much better than Hildagard and the Rookie.
March 27th, 2008 at 7:48 amMcCain is an insane old man. Fuck that.
March 27th, 2008 at 7:52 amBreaking!
CNBC’s Bartiromo and Kneale with the latest market analysis:
March 27th, 2008 at 7:55 amThe correct answer for the who to vote for question? Vote for government stagnation. If the Dems are going to gain clear veto-proof control of the House & Senate, vote for McCain. If the Repubs look to gain in Congress, vote Dem.
Things will only recover if Government is kept out and in-fighting or compromising things. Worst thing is to give complete control to one party.
March 27th, 2008 at 7:57 amHelicopter
“Insane” ranks above “socialist.”
Besides, the one to look at for McCain is the Veep. There’s your President.
I’m hoping he picks Romney.
March 27th, 2008 at 7:57 amWow makes sense.
Even the GOP can’t get it right when they have the whole shebang. The money shooting power of Congress is just too corrupting. Imagine the Founders contemplating a $3 Trillion budget?
McCain’s better than Bush because he’ll veto the spending part.
March 27th, 2008 at 7:59 amJake - Bush ran on a “fiscally responsible” policy when running for the presidency, like McCain. But I do agree with wow, stagnate the gov’t.
March 27th, 2008 at 8:10 amTuco - still can’t get one share of your boys. DSL has been a useful sub, however.
Ben.. I hope McCain gets one more ride in that F4 Phantom of his and lets you know what’s up with a sidewinder bit of hello.. for your impertinence and general bullshit stunts that have cost me money.
March 27th, 2008 at 8:11 amHUGE OPEN INTEREST ON APRIL PUT OPTION for XLB (long version of SMN), at 36,38,40 strike prices…
Jake, I am just upset for shorting MER, instead of LEH… LEH book value is relative cheaper than MER, but then again, book value is worthless if your going bankrupt.
March 27th, 2008 at 8:14 amFood guck borrowing LEH shares
March 27th, 2008 at 8:16 amcalvino…McCain would happily let me fly backseat in his pretty little F4 if I was permitted to drop $100s out the cockpit on the flyby….all in the name of fighting The War on Terrorism, of course…
March 27th, 2008 at 8:20 amJake,
You, the Bush/Cheney boy are calling Obama “authoritarian?”
HAHAHAHAHHAHAHAHAHAHAHHA!
That’s a good one, Jakey!
More!
-DT
March 27th, 2008 at 8:31 amMeanwhile, I just want to apologize to “the Fly” for talking politics here… however, when you get all lazy and “third-tier” on us by not posting, the animals take control of the zoo.
And, trading sucks today.
-DT
March 27th, 2008 at 8:32 amAnyone else irritated with the size of the current tracking error on the SDS? WTF?
March 27th, 2008 at 8:34 amLEH is in trouble with credit risk rising. Fly you see that post from Bennet Sedacca?
March 27th, 2008 at 8:35 amWallStreetLurker- that started yesterday evening, on the close. The SPX and the SPY diverged at 4:00 p.m. It looks like a huge order went through after the close, and pushed the SPY down, out of whack with the SPX. It is has been off all day.
March 27th, 2008 at 8:53 amyo
March 27th, 2008 at 9:02 amWood:
I see what you are saying and thanks.
It does not seem as if such a large imbalance should exist for such an extended period of time. Why don’t the arb guys simultaneously short the SPY while purchasing the underlying components of the SPX in the proper ratios?
March 27th, 2008 at 9:05 ampremium seems high, no?
March 27th, 2008 at 9:16 amOk, the SSE closes down 5% and is nearing a 1 yr low, but FXP goes down 5%? WTF?
March 27th, 2008 at 9:29 amlook at me!
http://mastheads.typepad.com/photos/uncategorized/dennis.png
Wait a minute let’s get a closeup…
http://www.saumilpatel.com/wp-content/files/Independence_Day.png
Hello Boys, I’m BACCK!!!
March 27th, 2008 at 11:26 am