THE FINAL WOODSHEDDER TOP
July 1, 2008 – 10:55 pm
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Every motherfuckin’ asset class is going down the shit-hole … that includes the two-tone Rolex, dangling from my left wrist.
July 1st, 2008 at 11:31 pmWho’s buying stocks?
Carmen
July 1st, 2008 at 11:52 pmNothing like some charts and a good emu story from Woodshedder to keep you coming back for more ….
http://au.youtube.com/watch?v=P8QHw9lrMao&feature=related
I’m thinking the guy with the fancy bow tie is DT recruited by Wood to narrate this video, odd no?
July 2nd, 2008 at 12:47 amgood ol shed
July 2nd, 2008 at 1:21 amWoody, a legend in his own right. God bless and may the White Squall pass you by.
July 2nd, 2008 at 2:07 amFly,
Is this your boy?
FALMOUTH, Mass. — A 71-year-old man is recovering after a teenager shoved him off of a dock in Falmouth.
The victim was fishing with his grandson on Megansett Beach when a 14-year-old boy came up from behind him and pushed him into the ocean.
Anthony Julian and his friends witnessed the incident and chased after the kid.
“We got in the car and we went up the street and we saw the kid, and I got the cops on my cell phone,” Julian said. “We parked ahead of the kid and let him walk to us, and I was on the phone the entire time with the cops…”
Police arrested the unruly teenage short time later.
The victim suffered a few scrapes and bruises to his knees.
The teenager was arraigned in juvenile court Monday morning.
http://www3.whdh.com/news/articles/local/BO81470/
July 2nd, 2008 at 7:10 amI am saying the bottom for the year is in!
Buy the banks, again!
disclaimer - follow me into the abyss at your own peril. I am talking my book, trying to light a fire under all my underwater positions. Please, please buy stocks and help bail out a fellow bear who got his head handed to him trying to outsmart brother bears.
July 2nd, 2008 at 7:37 amI’m really going to miss my favorite chart chomper Woody.
Maybe we need a Memorial Woodshedder Chart of the DJIA.
July 2nd, 2008 at 8:36 amVMW could squeeze like mad if it keeps running.
July 2nd, 2008 at 9:40 amCoal and steel getting spanked hard again at the open.
Oil, nat gas and oil services are the last men standing. How long can they hold up?
July 2nd, 2008 at 9:58 amShall we start taking bets on when SWC will be sub $10 again? How’s that 401k looking JJ?
Fuck robots.
-DT
July 2nd, 2008 at 10:07 amTodays victim -> coal
tomorrows??
July 2nd, 2008 at 10:22 amAre you shorting more EWBC?
July 2nd, 2008 at 10:44 amHomo –
Oil service, auto parts retail.
And your favorite… banks foolish enough to have done bidness in California, circa 2001-2007, otherwise known as “The Age of Realty Cancer.”
_
July 2nd, 2008 at 10:46 amGaps… I never have, yet, but will today. $8.50 would be very sweet.
_
July 2nd, 2008 at 10:48 amCoal has been getting crushed early the past few days and has been coming back late in the day. I’m not saying it is going to happen again today the ETF that tracks the coal stocks KOL seems to have a lot of support around $54.
July 2nd, 2008 at 10:53 amWe’re just getting started on all the material stocks … DOWN THEY GO! This global recession is going to kill the commodities. That includes oil and all the shit associated with it.
No asset class will safe from this time-bomb.
Meanwhile, Paulson is talking up some bullshit story of emerging markets picking up the slack of the world economy.
July 2nd, 2008 at 11:04 am1000 hot blades of death to BOOM
Goodbye, fair BOOM. I loved ye. I will buy you back someday in the teens. For now… I bid thee… groan… farewell.
July 2nd, 2008 at 11:12 amShort some EWBC after this ridiculous jump?
July 2nd, 2008 at 11:13 amDid Paulson just say “banks must be allowed to fail?”
Hmmm…seems like a little pre announcement leak, eh?
July 2nd, 2008 at 11:18 amKiwi–
I might be getting “too cute” here, but I was hoping EWBC might continue stair stepping this morning into a nice joozy bear wedge, like FED did yesterday. There’s resistance at 8.50-ish and the downtrend line is at $8.63.
Interestingly, the downtrend line meets today’s brief uptrend line at $8.63 as well.
We may never get there, however.
July 2nd, 2008 at 11:23 amI mentioned a couple of days ago ERII, the desalination filter play, was planning to price its IPO this week. Price talk was $7-$9, it priced yesterday at $8.50. That it priced on this shitty tape is a pretty good indication of demand.
Now trading at $10.50ish.
If you believe sources of fresh potable water are going to become increasingly scarce due to high demands from an exploding global population, agricultural irrigation and alternative fuels (ethanol is a huge water hog), or if global warming is a real long term trend, this one might be worth a look.
Just as FSLR looked obscenely overvalued at $35 shortly after its IPO, this one also looks grossly overvalued. But there appears to be long term secular growth potential.
July 2nd, 2008 at 11:43 amI covered small shorts in AKS, RS, ATI, AA and PCU, from yesterday.
July 2nd, 2008 at 11:54 amWhy didn’t someone shove a bologna sandwich in my mouth to keep me from continually pumping all those retarded fucking coal stocks?
July 2nd, 2008 at 12:11 pm