Incidentally, “The Fly” was sheltered from today’s inane melt up, via long SRS, short VNO, short KIM positions. My losses totaled less than 1%, mostly due to the run up in XOM and run down in DUG.
Also, my early purchases proved to be fruitful, as gains in BAC, TBT, C, ITW, VCLK, PFE and FAS extended throughout the day.
Life is all about killing the next guy. With that in mind, let me remind you that “The Fly” will eventually discard of you too, while chuckling at your most eventful capital losses.
Most people only remember the questions, without regard for the answers. I, on the other hand, remember both questions and answers, with the efficiency and acumen of an IBM super computer.
The idea that the “rally is just starting” is somewhat silly, considering how far we’ve come so soon. What is not silly is the mortuary state of the U.S. economy.
You can sit there all you want, collecting block headed Barack Obama collectible coins, while circle jerking to the likes of Dennis Kneale. However, “The Fly” will always be around to drop anvils and gay pianos on your head, when least expected.
With that being said, bear in mind, “The Fly” wins all the time, even when he appears to be losing badly. My condition is one of perpetual success. My unremitting winning streaks are rarely interrupted for a period longer than 2 weeks. Hence, I warn you; with the seriousness of a stone cold killer inside, lurking, in the dressing room of Jim Cramer, don’t fuck with me—for sometime soon you will feel the sharp blade of “brick walled revenge”—effectively leaving your bullshit portfolios in a very bad/egregious “zeroed out” situation.
NOTE: One of my internet friends, Phil Pearlman, just started blogging. He’s a smart guy, who likes to collect Barack Obama coins and SHAM-WOW rags. Definitely worth blogrolling.
UPDATE: For my Southern brothers!
[youtube:http://www.youtube.com/watch?v=HFElharrRXw&watch_response 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
you were long MVIS? in a comment thread about your positions. The author was “FLY” not “The FLy” as is your usual handle.
Just wondering, because…
Who in the fuck would buy an Obama coin?
question on oil. when will you turn to neutral/ bull on oil? the commodity not necessarily the companies
This clip sums up today’s tape:
http://www.youtube.com/watch?v=Z32yzGtdd7A
Agreed. This rally is most homoish…
Dude. The same jackasses who who name elementary schools after His Worship. How gay…
http://www.youtube.com/watch?v=eKrJL7FU1GU&feature=related
I am long a token 10,000 share MVIS postion for CES.
For the record, I’m sitting here collecting block headed Barack Obama plates:
http://www.collectiblestoday.com/ct/product/prdid-108595001.jsp
“Rip before the Grip”!!
Where can I get those cool collectible coins?
You’ll need something to serve on your collectible plates.
How about some Turkee? http://ecx.images-amazon.com/images/I/41MTFVEJ60L._SS500_.jpg
C: avg vol: 205M, today 104M
BAC: avg vol: 118M, today 86M
INTC: avg vol: 81M, today 52M
QLD: avg vol: 44M, today 23M
SSO: avg vol: 87M, today 50M
Big percent gain day, very low volume day, only buyers and no sellers?
Is DD right about downtrend starting soon?
I just ordered me some of those Mr. Obama plates. You know, for those special occasions. When Opra comes for dinner.
DEVILDOG;
WTF Did you read my earlier post. Guys like you scare the piss out of me.
just shoot me and put me out of my misery
racist jackasses
The last 3-4 trading days have been the works of kids messing around before the parents come home Monday. Nearly every good stock is banging up against the top of its price channel. If the price isn’t channeling, its parabolic (look at the green shit today). R2 won’t match the daily VWAP for long, and the promise of magic Obamma dust will fade. Plainly stated, this is dumb money action.
Sr Fly…dont believe the 32.
John Travolta’s 16 year old son just died.
House swapping the latest way to get into a new house or apartment. That would be hard to do… try swapping any residence here in the fatest city in America (several years running) with a place in New York City.
Market Thinly traded? Yes
Market making gains? Yes
Odds of market going to reverse to the downside when the big boys return Monday? 50/50 chance it will happen.
Cash my chips and book my 14% gain today just in case? Of course, risk control.
Now im in a wait and see mode, ready to react on Monday,but noting market looks bullish.
Thats all that i can do.
DevilDog, I’m feeling your pain… But I have to agree with his strategy, it just makes sense through trends that are currently developing… The market is soooo overbought it’s disgusting.
ZM
k
Anybody know of a financial blogger that likes Snuggie Blankets?
Fly,was SMN your only bear buy today?
What happened? The bull back?
I’ve spent the last three days at Vandy Children’s ER, orthopedic surgeon, hospital pre-op…
Apparently some dickhead, Santa, left my son a “Rambo Approved” pocket knife. Perfect for cutting the shit out of seven year old hands. Nice one, Santa. Asshole. Oh wait, that was me. No permamnent damage, just a few tendon repairs.
Happy freaking New Year to me.
Holy shit, Boom.
Well, at least you didn’t get him “My first Over-and-Under” by Smith & Wesson Junior Division.
___________
Hope your son heals up quickly Boomer. His injuries sound painful.
boomer – you are a special kind of fucking retard. a knife for a seven year old? obviously your IQ does not meet minimum requirements for this site.
I’m curious, does anyone know how Kirk from the Kirk Report did in 2008? I’m assuming not so well since he took down the performance page on this website, also 2008 was bad year to buy for oversold bounces, which he did well for the previous 5 years.
Devildog;
If you look at the McClellan Oscillator. The market is off the wall overbought. You may be right. I still think your balls need adjusted. Just a little %#@*
May your son have a fast and full recovery, Boomer. I hope your wife doesn’t use the same knife to cut off some of your flesh (dangly or otherwise).
My son is 7, too, and won’t be getting any unsupervised time with a real knife any time soon. He’s bad enough with something as (seemingly) harmless as a roll of scotch tape.
Thanks for the concern. He will be fine, just a freak accident while under adult supervision. This is his third pocket knife. First accident.
By the way, Vandy completely misdiagnosed him. I had to get a second opinion. Did you know that ER docs are the lowest paid of the bunch? For a reason, apparently.
We went right to the best hand guy in Nashville, my friend Dr. T. Surgery Monday AM. I’m having some upgrades installed while we are in there. This one is for Captain Obvious:
…………………./´¯/)
………………..,/¯../
………………./…./
…………./´¯/’…’/´¯¯`·¸
………./’/…/…./……./¨¯\
……..(‘(…´…´…. ¯~/’…’)
………\……………..’…../
……….”…\………. _.·´
…………\…………..(
…………..\………….\…
Best wishes to your son Boomer.
Those who don’t live in the South- you wouldn’t understand about boys and pocketknives.
Mr. EB- you probably have to subscribe to get Kirk’s performance. In years past I do not think he’s published it on the free part until the year is completed.
Good thing you didn’t give him the rambo bow & exploding arrowhead kit.
Bought my 6 year old a Howitzer for Christmas, kid blew his fucking head off under my supervision, WTF!!!!???
Shed – he keeps his pocket knives with his Mom’s silver. Keeps ’em cleaned, in the box, right there with the “good stuff.” It is adorable, in a very “the south will rise again” kind of way.
Hey Woodshedder, I know only subscribers, just wondering if anyone knew. Given that he usually had previous years’ performance on the free site, which mysteriously disappeared, I bet he blew up in 2008.
German Guy,
You raise your kids to make bizzaro scat porn, and I’ll raise mine to learn about personal responsibility, fearing nothing but God, and how to take over the world, one German Guy at a time.
Yours,
BOOMER
Wait a minute Boom – are you saying two digits were cut off? Anyone know why Fly still trades iETFs in 2009 after swearing them off?
No, just some deep cuts. Clipped a couple of tendons.
s&P is about at the level it was around November 10. Then came the beat down. Market rallied at the end of of October leading into November then bam It got the shit kicked out of it. Everyone on CNBC and in the media has turned bullish. They were giddy going into November too. Prices look too high after the recent run up. the long term trend down remains intact even through this recent rally. I remain a bear
Hmmm, and you wonder why the South lost?
You must be from NJ or CT. I recognize the condescension.
German Guy, gimmee a break. I’m proud of being from the South. However, about .01% of us care who won the war of Northern Aggression.
Boomer:
You give a 7 year old kid a knife for xmas? What does he get when he’s 10, an AK47. Are you crazy?
German guy
the south actually won pound for pound. In fact the south has been winning every war the US has been involved in since then. Southern warriors are the best soldiers known to man.
Ask older germans how they went in the last war. They got the shit kicked outta them and then some. Odd, no?
Lay off the Boomer –
My eight year old burned the house down playing with matches. Kids will be kids
^^^ That was funny.
I gave him his first when he was 6, actually.
It’s not like he runs around unsupervised with a machete held to his belly. It’s a Walmart pocketknife that he is allowed to use under my supervision. It was an accident.
Furthermore, last I checked, it is perfectly ok for a Red Blooded American Boy to enjoy a BB Gun, Slingshot, and, god forbid, a fucking 2″ pocketknife.
What did you guys get for christmas as kids? Bongs? Grow lights? High times? Scat pr0n?
matches
^^^ you are on a roll
Boomer, I doubt that many here understand that for a boy in the South, getting his first pocketknife is a rite of passage, a huge deal. I got my first around 6 or 7. It was my grandfather’s. I remember getting it like it was yesterday. And yes, I cut myself with it, but not until I was older.
I got my 15 year old a gym bag to carry her gui and gear to the dojo. She can kick all of your asses
I got my first gun when I was 6
What’s up, my 7 year old received his Black Belt in Tae Kwon Do, last October.
I hope you got her more than a gym bag.
Black belt TKD Blue belt BJJ
Better have a knife in that gym bag. If for nothing but cutting her victims’ heart out and eating it.
I got my first lethal weapon when I was 8…a blackpowder rifle with a sawed off barrel. Dad retrofitted it onto an old Daisy BB gun stock. That’s also when I learned the definition of “bloodlust”. Everything in the forest died. Memories….
You bet. But seriously, she could take an unarmed 250 pound man down to the ground and choke or break his arm, but would run from anyone with a knife
The south is full of warrior poets skilled in the arts of the banjo and coercive man love. Highly skilled operators in the political realm, southerners repeatedly vote for the party that sends its own children to their deaths without demanding adequate education or health care in return..
For this, they are much appreciated by the northern elites, who profit handsomely from southern ignorance, not to mention their addictions
to tobacco and cornholing.
Since many children learn personal responsibility from pet ownership, might I suggest an alligator of rattlesnake?
what’s up, that is the proper response. You run from someone with a knife, especially if they know how to properly use it. Otherwise, you will get cut, no matter how much kung fu shit a person knows.
If you really cared, you would have given the kid a package of filterless butts and taught him how to blow smoke rings.
Braveflap =
WTF? Flash foward dude – were in the year 2009 not 1709
He’s been a smoker since 4. I can’t get him to switch away from Marlboro Lights. It’s a start, no?
Boomer, offer him a menthol?
Southern Gentleman are quite helpful in securing the blood of Southern teenagers for Northern Elites.
I’ll offer a fact-
Southern healthcare will kill you, literally.
Go play your banjo.
So, Braveflaps, riddle me this:
Born NJ
Raised CO
Educated MA
Residing TN
I figure I’m a smart angry hippy who loves biscuits. You?
Most Southern biscuits have enough butter in them to clog the arteries of a horse.
It’s fair to say Southern food is a weapon of Modern day Northern aggression.
Come to NYC for your third bypass.
Boomer – somehow i guessed yo had some jersey in you. Jersey breeds people to be tough. Otherwise you get pummeled.
Braveflaps- look at page 3.
Seems you Northern Elites can’t wait to move down South.
http://oceanservice.noaa.gov/programs/mb/pdfs/3_regional_trends.pdf
Woodsheeder –
you southerners just talk trash. Come up here and we’ll take you out to the wood shed for sure!
I’m not the second Bflaps, just the first.
I’m from a part of the north where we get our grandfather’s knives as our inheritance, and are taught to shoot properly around 11-12.
Your comment re: Marlboro Lights was damn funny, by the way.
Hope the boy recovers pronto.
What’s up- all you Northerners want to do is fight. I can only guess that the poor quality of life leads to an unnatural level of aggression.
FWIW, where have I talked trash?
My northern town has more money in it than all of the South combined, spanning 30 generations.
Woodsheeder –
We are not all liberals up here. Some of us raise our kids to stand up for traditional principles, and have guns, amo, and a fighting spirit. I am sure there are liberal pussy wimps in the south, no?
Dang, we’re doing ok here in Boca, Braveflaps, you must have subtracted a few southern areas to do that kind of math. Or is that special Madoff math?
I love me some Southern men as much as Boomer loves biscuits, now when was the last time you heard women saying, Oh, I just got to get one of those men from New England, they’re the best? puhleeze. You’re just jealous of Woodshedder’s charm with the ladies.
Braveflaps brings up a good point –
I would love to live in the south with the weather and all,. But then again, why would i give up living in one of the most affluent states in the country, spending summers at the beach club with the richest people in the world. I’ll stay up here, and freeze my balls off till next summer.
For you northerners. I miss the embed feature.
http://www.youtube.com/watch?v=uSmYvuvaJDg
or maybe
http://www.youtube.com/watch?v=Ff3aoSyYOVs
what’s up—because…they’re assholes?
I have a freakin’ imposter!!!
Check yourself before you wreck yourself.
Or in this case, the Braveflaps.
FREEEEEEEEDOMMMMMM!!!!
What’s up- I have no problem with liberals, conservatives, whatever. I’m a little of both.
This started about pocketknives, and the rite of passage of giving one to your son. Someone else turned it into a North vs. South thing.
I have lived in the North, the South, and flyover country. I prefer the South, although I enjoyed living in the other areas.
For me, this whole discussion, sans the part about pocketknives being a rite of passage, has been tongue-in-cheek.
Wow – didn’t know that there was such animosity between the homos in the south and the elite in the north
Ahhhh….Boca……I loves the Southern ladies, too. That might be something I’m willing to take a stand about. Nothing beats a Southern girl.
“I’ll stay up here, and freeze my balls off till next summer.”
Now that’s funny! How high did you say your IQ is? What a plan LOL.
Just having a bit of fun here with the North~South comments.
Woodshedder – le’ts smoke a peace pipe bro – yea? I like all americans – north and south.
Boca – I hear you. I will be in Tampa next week and can’t wait. But can’t make the green I can make up here.. get it?
^ like I said. Pot smokers. All of you.
I thought I smelled Patchouli.
Figurative peace pipe – BOOMER. Done smoking that stuff 20 years ago.
For sure, what’s up, I agree with you. Especially in the financial field unless you trade for yourself, then you might do very well.
It’s a quality of life thing we have goin’ on down here. Even here in Boca most of the rich people inherited it or made it somewhere else and then retired here.
We just love to tease the other posters here, don’t take us seriously.
On a more market-oriented note:
http://www.bloomberg.com/apps/news?pid=20601087&sid=awn2Wusfflyk&refer=home
More fraud comin?
What’s up- consider it smoked.
BOOMER–this is symptomatic of just how bad a condition our financial system is in. When trust is undermined, the system collapses.
As usual we’ve been busy in the fraud department down here in Florida
http://www.palmbeachpost.com/business/content/business/epaper/2009/01/02/lawyerfraud0102.html
plus a Haitian-American ponzi scheme …
You are right Boca – we will be neighbors one day. I do not make my money in the financial field, but it doesn’t matter. How I sustain my living standards can only happen here in NJ. My kids are privileged to be in a great school district, in one of the most affluent towns in NJ. But once there all educated, and out of the house, the Ms and I are out of here.
what’s up Says:
Woodsheeder –
you southerners just talk trash…
HAHAHAHAHA!! NOPE, WE **ARE** TRASH. JUST WAIT ‘TIL THE SHTF, WE’LL BE EATIN’ BBQed YANKEES FOR BREAKFAST, NOW THAT’LL CLOG AN ARTERY OR TWO. BREEHEEHEE!!
Huh? WHF? Duhhhhhhhh?
Stay away from the South.
Stay in your Yankee places.
You are better off.
If scum bucket represents the southern thinking, i’ll opt for freezing my balls off for six month than dealing with inbred EMO’s like him.
Day 58 on Monday…tick…tick…tick…BOOM!!! Bullshit rally destroyed and we head DOWN and undercut the November lows. You’ve been warned. I love this shit!
What’s up, pay no attention to the one known as scum bucket. 🙂
settle down, scum. May I ask if the alcohol has started to flow freely already tonight? LOL
Dog,
why should I believe you THIS time?
Your track record is getting pretty thin.
DOG – you are a bit early, just wait till all the bears go long… that will happen in a few weeks as the rally starts to look for real. Then the bottom falls out. Hope you are still around to enjoy the cascade down.
For the record, peace pipes were tobacco.
http://en.wikipedia.org/wiki/Peace_pipe
Cuervo, I think that in the 60s, there was a switch from tobacco to another infamous weed.
Re: Kirk
FWIW:
For the remainder of 2008, I’ll be away from the trading desk to spend time with family and for thoughtful reflection upon the new year ahead. I will return on Monday, January 5, 2009. Until then, may you and your family have a very Merry Christmas!
Maybe amongst middle class college dropout hippies.
You try passing that off at a pipe ceremony and I’ll wager you’ll be treated rather unceremoniously.
http://www.think-aboutit.com/native/peace_pipe_ceremony.htm
——————————-
blow up Says:
DEVILDOG;
WTF Did you read my earlier post. Guys like you scare the piss out of me.
——————————–
why? what happened? did i miss something? why are you scared?
Hi boca!
Nope, I haven’t been boozin’ it up lately, on account of mah liver. ;D
@wood
Better link about the sacred pipe
I didn’t realise I posted a link from a tinfoil hat website.
Earnings season(and guidance) is gonna be soooooo UGLY.
That’s a great reason top be long….NOT!!
Take profits while you can!
I see I missed most of the North-South discussion. Take it from a Lady who is stuck in the south ( Houston) with red-neck shit-kickin’ cowboys….I CANT WAIT TO GET RESCUED by a northern male and get the hell out of cow country.
Can’t find a guy down here who plays tennis,or polo, or knows the correct way to shoot, or knows how to dress, or who has etiquette good enough to dine with the Queen. They all drink Schlitz and Bud, wear kicker boots while BBQing out back. They haven’t whitened their teeth ever, never had a manicure, dont have the first idea what to do with antiques or art work…unless you count a picture of dogs playing poker art work.
Houston is of course the fattest city in America, the south is one big fat burrito with beans and cheese. We are all ‘ laid-back good ol’ boys’ just farting our way thru life.
HELP>>>>>>damsel in distress!
Shout out to the Utah Utes. My little cuz plays LB for them 13-0!!!
BTW Long SRS,FAZ,DXO
Short XOM
LG,
You are looking for a man who gets manicures, plays tennis and polo? Well at least you don’t have unrealistic expectations.
Goldie,
Indeed very gay.
ER docs are hit and miss. I’ve dealt with one or two in my time who were real condescending assholes and misdiagnosed serious ailments but the right one can be a real blessing.
Southern rights of passage are why you northern boys always get the shit kicked out of you in bar fights by us men.
Boomer:
Nice songs…this one fits the “discussion”…sorta
http://www.youtube.com/watch?v=e3IrnNAweM0
FYI: “addict”
I was reading stock charts when you were still wettin’ the bed…you little chickenshit !
PS. I’ll let the “moron” comment slide !
.
And btw…you need to take it easy there young fellow…tone it down a bit !
Else…I’ll have to take your smart azz to “TA School” !!!
————————
First of all, the idea of YOU “explaining” ANYTHING to me wrt Technical Analysis/Indicators is humerous to say the least. Really…it is !
AND…your apparent “belief” that…I don’t understand “nothing”…
…that I…
…”don’t understand what TA is”…
…”how it’s formed”…
…”what it’s used for”…
…”when and how to use indicators”…
…”nothing”…is…well…hilarious…but, not surprising given your past displays here.
————————-
Now let me get this straight…“indicators are lagging” ???
Ya DON’T say !!!
I gotta write that shit down on a post-it note and stick it on my monitor !
You just don’t get that kinda wisdom everywhere ! LOL
SIGH !!!
.
hey alf44,
Since you’ve been reading stock charts for so long,
can you have a quick look at these three:
http://mast-economy.blogspot.com/2009/01/1974-and-2008-graphs-that-lie-or-do.html
And let me know what you think they mean!
Do they lie or what?
Cuervos Laugh,
Did you see my response to you yesterday?
Cuervos Laugh said…
Well, the unemployment rate in November 2008 was the highest in 14 years so a *drop* that was the biggest in 16 years is not so much good news as kind of cosi-cosa news.
http://www.cbc.ca/money/story/2008/11/07/usjoblessrate.html?ref=rss
GNE said…
Cuervos,
[snip] As I’ve analyzed this a bit more what has been happening through most of December is a significant drop in NEW claims for unemployment each week. That doesn’t mean that claims are not still happening, just that the total number that are filing each week is declining. This past week was the largest decline in 16 years.
When you look at the unemployment chart in this post:
http://mast-economy.blogspot.com/2008/12/new-years-week-safe-harbor-statement.html
You’ll see an inflection point in the actual rate of unemployment, and this week’s reported drop in initial claims is a very positive indicator that unemployment will begin to drop again very soon.
So Fly,
What do you think of those three charts?
>The idea that the “rally is just starting” is somewhat
>silly, considering how far we’ve come so soon. What is not
>silly is the mortuary state of the U.S. economy.
They don’t look to silly to me. Do you remember the mortuary state of the US economy at the end of 1974 and the beginning of 75?
If not, let me remind you. If you were not born yet let me know, I’d be happy to give you a run down on the specifics of how gloomy everything was back then.
Don’t short too much or too long. Better to long for not too short.
Barack Obama coins? Why not collect Zbigniew Brzezinski depleted uranium war tokens, worship Karl Marx and call it a day? Same goes for the other Rockefeller-humping loons who stick on McCain.
@BOOMER: Sorry to hear about your kid, but glad he is allowed some of the southern accoutrement. I remember my first knife like it was yesterday. It was a beauty, and I still have it.
Unfortunately, it seems the lessons most completely learned are the ones that give you a kick in the nuts first. He is sure to be more careful with his knife from now on. Also, don’t forget once he gets his smoking habit up and running you’ll want to move him on to mudd’n in his truck 😉
@SHED: Damn right. Most everybody I know is some crazy mix of liberal and conservative. It’s what makes a market right?
Didn’t your moms teach you that there are GOOD and BAD of all kinds of people no matter who they are or where they come from?
Someone explain to me why TBT hasn’t even moved 9% and PST 6%, in the last 2 days, when the 10’s have moved 15%, and the 30’s have moved 12% ?
TBT & PST are supposed to be ultra double etfs’s… shall we sue those Maddoff etf fuckers?
Barrons featured an article this weekend – so TBT will gap up Monday. But I am fuming over the egregious underperformance of TBT & PST, so far. Its an outrage.
==========================
Get Out Now!
By ANDREW BARY
The bubble in Treasuries looks ready to pop, sending prices on government debt sharply lower. But just about every other corner of the bond market beckons — and could provide competitive returns with stocks, even if the equity markets have a strong 2009.
Very wise, Granpa.
Besides, it is all a bunch of Easterners arguing amongst themselves. They should all just cool down and send more water out West so we can wash our 3.6 cars (average garage size 2455 square feet in So. Cal.), sit in our grassy backyards (averaging 72 square feet, but mowed by a gardening service),and pretend we are living in the East (albeit an East with an endless late Spring).
Juice –
Where does all the money in the Treasuries go, then?
Leaking to the GSEs, in anticipation of the $500 billion the Treasury plans to spend on those securities?
Other than the GSEs, what else will happen to money that just wants to park where there is no (in a relative sense) worry about loss of principal?
I was in tears watching that video. I went to youtube and saw his other videos…….classic.
That guy is GOLD
I had trouble understanding his Eastern accent.
Ottnott – TBT is supposed to track inverse to the 20 year treasury notes which have moved btw 12-15% in the last 2 days, which means TBT should have moved 24 -30% off its low of 35.50 or 9 – 11 pts. IOW, TBT should be 44.50 – 46.50, not 39.00 !
What am I missing here, or is this another product the rip the public? Obviously, it was designed to rip the investor but this much, I don’t get??
Did treasuries move down both of those days? If so, the compounding of the diETF should have worked in favor of TBT.
Smells like a future class action lawsuit.
The SOUTH WILL RISE AGAIN!
JUICE RE:TBT
TBT is the inverse of TLT x2. TLT has dropped 4.55% over the last 2 sessions from a $121.9 close on Tuesday to a $116.35 close on Friday. TBT has moved up from a $35.85 close on Tuesday to a $39 close on Friday. Thats a 8.79% increase. Seems pretty accurate to me .
Surely the Post Office has a job for that guy.
Goldie, Congrats on Utah win….they would of beat any team in the land last night! Incredible Win! I was on the wrong side of that bet.
Cautious feature on US Treasuries as overbought, citing increased support from Federal Reserve with regards to long term Treasuries, driving prices higher. Article draws attention to cautious comments from PIMCO’s El Erian who feels they are ‘very, very expensive’, weakening USD and increasing attractiveness of Gold as an investment play. In response to the ‘bubble’ in treasuries, Barron’s draws attention to ‘shorting’ treauries through two ETFs; Ultrashort 20+year Treasury (TBT) and Ultrashort 7-10 year Treasury (PST)
@GNE, there is no “apples to apples” comparison between the unemployment figures in the 30’s and the current ones.
http://www.doctorhousingbubble.com/the-sham-of-our-current-unemployment-rate-numbers-lessons-from-the-great-depression-part-x-data-mining/
Cuervos,
Any your point is? and dr. housing bubble?
No matter how you look at the numbers they were significantly worse then. (ask anyone who lived thru it) No matter how you look at the charts now, the employment conditions are improving…
http://mast-economy.blogspot.com/2009/01/unemployment-drop-is-largest-in-16.html
As is the housing market. One in five major metropolitan areas are right now experiencing a *rise* in the value of their homes.
http://mast-economy.blogspot.com/2008/12/what-went-down-must-come-up.html
Worse case this current dip may look like 1974. But have a look at bullish 1975 charts for an indication of what might happen in 2009.
http://mast-economy.blogspot.com/2009/01/1974-and-2008-graphs-that-lie-or-do.html
So this talk of great depression and bubbles and all that, may sell newspapers and web traffic, but the numbers and history don’t support the comparison… Not even close
So I agree there is no apples to apples comparison… there never is… and even when there are two apples, when you look closely one is rotten.
Lady Guenevere Says:
Can’t find a guy down here who plays tennis,or polo, or knows the correct way to shoot, or knows how to dress, or who has etiquette good enough to dine with the Queen. They all drink Schlitz and Bud, wear kicker boots while BBQing out back. They haven’t whitened their teeth ever, never had a manicure, dont have the first idea what to do with antiques or art work…unless you count a picture of dogs playing poker art work.
Houston is of course the fattest city in America, the south is one big fat burrito with beans and cheese. We are all ‘ laid-back good ol’ boys’ just farting our way thru life.
HELP;damsel in distress!
Where you live? in the woods? Im not fat, not a good ol’ boy and i dont eat burritos at the flea market, but italian. (Puerto rican here.)
Go to Tropicana Club in the Westheimer area and have fun (Not a mexican club) and dress to impress.
Juice
TBT
Top holdings
Lehman 20+ Yr Treas Swap 5.23%
Proshares Ultrashort L B 3.15%
Percentage of holdings 8.38%
PST
Top holdings
Lehman 7-10 Yr Treas Swap 2.93%
Proshares Ultrashort L B 0.91%
Percentage of holdings 3.84%
The question is;
What is the other 91% of TBT holdings?
And the other 94% of PST holdings?
You may find your answer there or ask Madoff
I wonder how severely the market is going to react to Israel sending in ground troops to Gaza.
@GNE
I guess you missed the first paragraph from the NAR report:
Four out of five metropolitan areas recorded lower home prices in the third quarter from a year earlier, while existing-home sales fell in 32 states from the second quarter, according to the latest quarterly survey by the National Association of Realtors®.
or this one later in the report:
Distressed sales – foreclosures and short sales – accounted for 35 to 40 percent of transactions in the third quarter, pulling down the national median existing single-family price to $200,500, which is 9.0 percent lower than the third quarter of 2007
When I saw that the NAR was using data from Fannie Mac I stopped reading as all validity had just flown out the window.
Common sense wills out the notion that a sales person would never tell you that their business is bad. It hurts their bargaining position.
re: your unemployment figures:
I followed your data link regarding where the jobs were being added (http://positiveeconomicnews.com/2008/12/27/where-jobs-are-being-added/) and found this gem:
the states of Wyoming, Oklahoma, North & South Dakota, Alaska and Texas have ADDED over 259,000 jobs
Now let’s see the CIA factbook on the US (https://www.cia.gov/library/publications/the-world-factbook/print/us.html) lists this fact:
Labor force: 153.1 million (includes unemployed) (2007 est.)
So, that means that an increase in five relatively unpopulated states and one large one (TX of course) of 259,000 is about 0.1691% of a difference.
I realise you marketing dudes need to “keep things positive” but don’t accuse others of distorting facts when you take random bits of information and parade that as “research”.
Fuck everyone on this thread.
Thanks Cap & Kreuger for help on TBT
EB .. no one gives a fuck about the Palestinians .. especially the Arab governments. Poor fuckers are pawns in a larger game.
OPEC is all for a conflict in the middle east involving the poorest of the expendable poor, all to get the price of oil up.
Russia is for a conflict there as well… same for venezuela, etc … they only cry foul to score political diplomatic points. Iran funds Hamas & tells them when to instigate Israel into over-retaliation. Iran is fucked with a low oil price.
Poor palestinian fuckers is all I can say. No one who has any power in this world really cares about them.
Hi Fly,
Glad to see you back, that your purchases proved fruitful yesterday, and that Pearlman is finally blogging.
Were is your Southern dude from? He must not have purchased gasoline recently?
Looks like Israel takes Gaza. Eliminates (or significantly neutralizes Hamas). One could argue this operation significantly lessens one element of uncertainty in the region for the market.
On the other hand, ground operations rarely go as planned.
Never had a manicure, never whitened my teeth, never saw a polo pony (have played a good game of tennis, tried to walk on at UF), know how to shoot when I have to, like the Deep South (people are basically very friendly), and love to BBQ. My work dress is a pair of shorts and a golf shirt. Socks are optional depending on the weather (work out of my house).
Oh yeah, I know what to do with art and antiques. Buy them and sell them for a profit.
Just saying.
Thanks mrkcbill.
LOL Vince is pimpin’ a new product now called the SLAP-CHOP and the commercial is pure comedic gold!
Your going to love my nuts!
I like pearlman’s “psycho-babble” as he calls it. Your boy puts things into perspective…good link…thanks
I’m just worried that Hamas had planned for this and has a nasty surprise waiting as they have had a free hand smuggling in weapons for a long time. Israel may be playing right into their hands. I mean they must of known that if they keep sending rockets to Israel, they would have to send ground troops again.
The funny thing is if you read Bin Ladin’s stuff after 9/11, he predicted that dumb Bush would do something stupid in the Middle East (ie invade a country) in retailiation, bankrupt the USA, and that would further his cause.
Hamas can do nothing against Israel by themselves. They can only bait Israel into a larger scale conflict with Iran, where some powerful nation, like Russia or China, will protect their interests & blow Israel, the fuck, up.
Not gonna happen in 2009.
The markets won’t care … in fact the energy sector/resources, precious metals will just love it.
Beit known that oil is about to explode in price. Note: Long DXO feels very good right now. Thank you Hamas or whatever the fuck you arabs call yourself.
In less greasy news, the fucking stores are not having sales. I was just at Nordstrom and Neiman Marcus and that shit was pretty much full price less the Christmas decorations. If this is a Depression it sure doesn’t feel like it. (Fuck you Allstate, I spit on your fear mongering mouthpiece).
TopPick: Short the faggots at ALL
For you youngsters out there.
wingsuit base jumping from Ali on Vimeo.
Stolen/borrowed from Tim Knights blog.
Boom,
Not for nothin’, since I agree with your sentiments and all, but “Life in a Northern Town” is about northern England like Yorkshire or some shit.
Not that the Northeast of America is not going to tax itself into a similar state of depression and poverty sooner rather than later.
__________-
Mike,
Good stuff… my wife’s Dad’s family is from Hazard (which is like Manhattan compared to Harlan County, but…)
_______
Jake – I know. I think its about Nick Drake or something.
I couldnt think of something better
Jake,
I’m glad you liked it. Appalachia has interested me for a long time; and it’s not effected by time. There have been in a financial crisis for about 300 years. The good news? This’ll be a piece of cake for the folks living back in the hollers.
Happy New Year and good luck!
Not that I don’t appreciate these San Diego cheerbabes, but — why is this playoff game being held in California and not India-crapolis?
_______
Mike, unfortunately, the welfare state has destroyed even those hardy types in the hollers.
You are right in that they will see little difference, but unfortunately, it is because they are already prisoners of State.
_____________
Trading music
http://www.youtube.com/watch?v=c9KHo9z86rA
Keep you relaxing while trading, man!
Hawaii styple so Gio prolly like this one.
Lady Guen
Put up a pic of yourself so we know what you look like. If you’re critical of the “fat” people in Texas we should at least know what you look like, doncha think?
Just a thought
I think….
we should all say “thank you” to The Fly for making (us that listened) money in 2008.
Props are due.
Enough with all the in-fighting….after all, we are on a mission from God.
Thanks Fly!
If Lady Guenevere looked worth anything I submit she would not be a damsel in distress. I would also like to call into question the intelligence, or lack of in looking for some gay metrosexual in the midst of shit kickin’ rednecks.
Things that make you say “Huh?”.
Gentlemen I put up TWO pictures this week of myself on this blog. One was linked to my ‘ name’ the other in a link on the post.
Next I am not a damsel in distress…can’t you fella’s understand a little humor?
I use to live in Aspen and Boulder but moved back to Houston after I divorced for several reasons. I have never had much luck with Texas men, although I have plenty of offers all the time, they are not what I am looking for. My ex-husband was born and raised in DC and Virgina with a home in Florida (astrophysicist prof Univ Colo until he got involved with a joint-venture). Before that I lived in Aspen making my own money living in a multi-million dollar home I was renting dating a variety of men from celebrities to entrepreneurs
To each his own, that is what makes up the world. Not all women like red-neck, testosterone driven men nor do I like ‘average joes’ who just slide thru life in their tee-shirts and flip flops nor do I like Prolly types. Houston has a lot of white collar guys that like to play golf, deep sea fish and spend money.
Guess I like more European/Preppy guys with a high degree of sophistication, gentlemanly manners and refined taste.
To each his own.
I’d like to see you guys post PICS OF YOURSELF….I did
At any rate I am perfectly happy being extremely picky and enjoying my life as it is.
Rather than a picture of Lady G, I would like to see he/she/it banned. You creep me out, nut job.
Lady G, my picture is in my inteview with Wall Street Transcript. Go to my covestor page, and from there you’ll find the .pdf with the interview and my picture.
Boomer
That doesnt surprise me after reading your recent posts about your child-raising skills, graphic art and backwoods Tennessee residence.
Boomer…LOL
Jeff Great Photo and very interesting article. I am glad to have learned more about you.
Lady G, what kind of books do you author? Are they published nationally?
Hey, don’t screw with Lady G. This is from her own bio:
“[She] has had personal physical encounters with Immortals since childhood, some of these are shared in her book. In “The Resurrected Dead Now Immortal Live Among Us; A Manual for Immortality”, the truth is revealed about who we are, what happened to us long ago, and how physical immortality is possible. [She] describes in the book her own physical experiences such as dematerialization and visiting the heavenly realms. Every Immortal followed the same steps and laws that are in this book to achieve their own immortality.”
Zen – is that legit? I can smell a Boulder nut job a mile away.
Dude, I just graduated from Naropa, with Masters in African Drumming. Let’s go to Chautauqua, huff paint, and have “encounters” with “immortals.”
ZenProfit
Your an ass
LG,
Here is my photo. I’m single too. I’ll be ready for a serious relationship as soon as I avenge my family’s death.
http://picasaweb.google.com/george.cassie/Images#5092064007287465682
Got it. Very interesting.
———————————————–
“The author, Jhershierra, was born with several spiritual gifts. She has the ability to travel out-of-body and to be lucid or conscious in the dream worlds. These abilities have given her access to the heavenly realms and the opportunity to be an active participant in those realms.
She has been visited IN THE PHYSICAL by Jesus, Immortals, Ascended Masters, Extraterrestrials, and other Spiritual Beings since childhood.
Jhershierra uses the Sacred Fire to do healings, exorcisms, energy realignments and Sacred Fire activations to name a few. This is the same Fire that was given to the disciples by Jesus.
In the 1980s after being in the healthcare field, Jhershierra left to pursue a more spiritual path. In Texas, she co-owned a newspaper called Insights for Positive Living and a bookstore/center called The Souls Journey”. She taught classes on various spiritual topics including immortality at the center for five years.
In the 1990s, Jhershierra moved to Colorado. She continued to teach classes in the U.S. and in Europe on ascension and immortality
In the late 1990s Jhershierra took a sabbatical from public teaching to pursue organic gardening and further development of the Sacred Fire. (The Sacred Fire cleanses and purifies a persons addictions and negative qualities, as well as heals.)
Currently Jhershierra lives in Texas where she teaches the path to immortality and discusses her personal encounters with Immortal Beings.”
Lady G, wow, your picture does bear a resemblance to what I imagine the real Lady G would look like.
The truly mannered, wise and generous person can get along with people of all backgrounds, poor or rich, smart or not, that is, if they like the essential humanity of other people. It’s ok to be anti-social too.
Just my opinion of course, and everyone knows I have a lot of respect for Boomer as a person.
LadyG have you tried Match.com, because unless you’re looking to meet an obsessed stock trader, you’re probably plowing unfertile ground here.
Boca – you are just a sweet heart, through and through.
What the heck am I doing, posting to an old thread? Forget everything I just said hahaha.
Thanks Boomer – you too. BTW I’m very anti-social in person, only social on the Interwebs, believe it or not.
Old is relative Boca.
Boomer:
100% legit. Ask Lady G to confirm.
Zen Master:
As our Revered Leader The Fly would say: Fuck off
All right guys the cat is out of the bag thanks to the asshole Zen Profit who by the way knows nothing about zen or has any ability to be a profit. His only claim to fame is invading people’s privacy and then exposing them to risky situations.
I had a website (PR5) with a message board, blog, and an international school which taught the 7 levels of human evolution that is currently developing on the planet. IE..tribal, mass, individual, aspirant, disciple, initiate, master levels.
I do have another business involved in transportation.
I retired the website, school, book (except I left a controlled version) of the book out there…which I plan to remove this year. I had 100’s of emails weekly from crazy newagers, insane messiah types… I had many stalkers…the FBI had to get involved and I had to sell my home…believe it or not. The message I was trying to share cannot be done via any ‘ crazy new age’ group. I had just as many Christians and rational atheist visiting my site. I have a reputation for ‘ dislike of all newagers’. I am approaching this topic from personal experiences and a rational approach to the possibility of human evolution and potential.
Most newagers actually hate me and my book. I am too conservative and rational for them. They see everything in shades of gray, no right no wrong, they live in hippieville, sitting around meditating all day while living off of their friends. People like ZenProfit types who live in cabins in the backwoods of hicksville studying and reading everything but never actually accomplishing anything.
I have lectured and traveled all over the world and mostly it was too a ‘newagey’ kind of crowd, but I have had members of parliament, bankers, CEOS’ and many normal types attend my classes and workshops.
Unfortunately I really dont ‘fit’ anywhere or perhaps fit better with purely rational minds ie…Kiersey profile ” mastermind”. I will glady discuss the meaning of life with anyone especially rational scientific minds …believe it or not…they are open to ‘possibilities’ and are not as narrow-minded as some think. They want to ‘prove’ verses just ‘believe’ and when all is said and done…. I dont write about, or teach ANYTHING I havent proved first hand from my own personal experience.
Now, I have no plans to share any of my teachings on this blog. My goal here is to discuss current events, the stock market and learn as much as possible from everyone here. My wisdom would be wasted …on ears who do not care to listen. So I will not be sharing any of my pearls.
http://www.youtube.com/watch?v=7HvTNAXqB88
Oh how true Shed 🙂 In my mind and heart I’m still in my 20’s on my good days, and occasionally still a juvenile deliquent on some of my bad days.
I didn’t read all of the long posts thoroughly yet, but I do know that I’d like Lady G and Zen to call a truce.
FYI Lady G: not all of us might understand you or your background (I don’t know you well enough yet to say I understand or not) but I can tell you that your description of Zenprofit is SO incorrect, he is a smart and friendly guy and actually I find him quite EZ to get along with.
For such a spiritual person, why do you rip on him because of his posting name? It’s such a surface thing.
People in general will show you more respect if you’re just nice to them, and let them get to know you.
Ok kidz, don’t make me come down there in the basement again or you’ll get grounded LOL
boca
I am not looking.
I am trading stocks daily therefore I visit several trading blogs.
I also dont need ‘ dating’ advise from old married ladies too afraid to post their pictures and I guess too timid.
The topic was about the south verses the north and was rather tongue-n-cheek poking fun at each side. I was poking fun at the south. They do have some good qualities too.
After all this blog is rather ‘ blunt and rude’ and also witty and smart at the same time.
boca give me a break I ripped on him becus he invaded my privacy
hahaha good one LadyG I’m sure your sharp tongue serves you well somehow, somewhere. At least I can laugh at your description of me, inaccurate though it may be. BTW it wasn’t advice, just a question.
BTW I just bought a used copy of your book on Amazon, I will read it and learn what you’re about. It has a good sales rank BTW, good for you.
WTF;
People like the DOG scare me because the DOG is correct in his market outlook. The problem is how they approach it by stating exact dates ETC. I am a very good market tec. and have to stop myself from doing the same thing. So being like the DOG is somting I have to gard against. To me the best investment for now is Long Term AAA corporate Bonds. To me that sucks but I got out of the market with all my gains before the crash and made money last year. I also trade ETF’s due to the easy hedge. I think the market has not seen the bottom and hedge on the inverse ETF side when the market is overbought.
LadyG – I don’t think anyone invaded your privacy. You’re a published author on Amazon with a bio on several sites, for cryin’ out loud. This is the way of the Internet as an information medium, lots can be found out about a person very easily. If you didn’t want to have so much known about yourself, please consider talking less about yourself because you yourself told us many things about you.
If you put a lot of information about yourself on the Internet, somewhere somehow it gets saved in a cache or is published somewhere, it’s not realistic to expect otherwise. I realize you need to be on the Internet in order to sell your book, I need to be on the Internet to sell things for my livelihood. I work to protect my privacy and my family’s privacy, thus no photo here. Anyway, I believe you’ll figure out a balance somewhere between work, stocks, and privacy that works for you.
Good luck to you, I mean that sincerely.
Lady G, how did Zen get your book title?
I’m just questioning whether this was an “invasion of privacy” because the more I think about it, it seems as if you wanted who you are and what you do and have done to become public.
Not that there’s anything wrong with that.
http://www.amazon.com/gp/pdp/profile/AIHWHMKXZJJIG
http://web.archive.org/web/20070808203651/http://www.jhershierra.com/
Don’t know how Zen did it, but I just used “The Google”
Zen recognized my pic thats how he did it. He dabbles in all things NEW AGE…
I have been very careful not to leave any reference to my name here. ZEN is a NEW AGER and thats how he knew it. I know who you are Zen. I would appreciate it if you would NOT use my name here or anywhere else or anyone post… pretending to be me. I believe there are rules even here on this blog about using real people’s names/nicks and pretending to be them.
I realize Z Profit you may have no scruples and you dont care that people can get hurt from your actions. If you had been what I have been thru you would understand about privacy. You have my disdain for life.
boca and woodshedder I am OFF the internet. I use to have upwards of 38,000 sites attached to my name in links or whatever. It takes a while to get rid of everything and obligations I have… I use an alias becus when I used my real name on other stock blogs or message boards…ZEN PROFIT and his kind would start emailing me on those message boards and I had no privacy. Example: Zenprofit asking me to post some “predictions for the stock market” a few days ago. Which I already did post by the way.
Some people look for people’s ‘names’ regularly on google to see where they are posting and follow them there to try and contact them. I guess its hard to understand unless you have had some public exposure and had to deal with a lot of trouble.
I do wish to stay anonymous on this site and work on becoming a better trader. If I have to I will change my name to some ‘ man’s name’ instead.
How bout Billie Jean King?
LadyG–If you have been working so hard to remove yourself from the internet and have had such bad experiences on other blogs why would you go and do something so foolish as post your picture on this site? That is a major contradiction.
A public Thank You to boca, woody, contractor and others.
I was out cleaning the cesspool tank under my double-wide for the last 2 hours and I returned to find a hornet’s nest of posts referring to me.
It just surprised me that all of the “Immortals, Ascended Masters, Extraterrestrials, and other Spiritual Beings” with whom “Jhershierra” has had personal meetings failed to explain to her how these internets work.
It actually took me less than 5 minutes to identify her, but, if you read the posts carefully, she is the one who outed herself. Who told her to acknowledge that the person in the photo was the poster?
Had I wanted to invade her privacy I would have posted her real name, address and telephone number. But I am too much of a gentleman to do that.
Have we heard the last from her? Stay tuned. It’s a good thing Mr. Fly wasn’t around for this nonsense today.
+1 mrkcbill
someone please ban lady g
Everybody please ignore the desperate seekers of attention. We have more than one such posting in recent weeks.
ZenProfit
Besides being an ass you are a liar. You posted LG’s real name immediately after recognizing the photo she did in order to learn how to ‘create a link’. You couldn’t resists being a ‘ know it all’. You then posted the title of LG’s book which also has her photo on it and so once again exposed her. She is not a liar and therefore admitted to the book being hers…since anyone searching on the book title you gave would see the picture she had posted here.
You interjected yourself into a conversation about north and south with a post that had nothing to do with the topic so that you could once again ‘ appear to be knowledgeable’ so that your ego could revel in the glory you would receive from your peers for having ‘ exposed someone’ during a discussion not related to your actions. Your ego was of course very gratified thinking how well you knew ‘ your peers’ and that they would surely ridicule LG’s spiritual nature. Now you are strutting your stuff like a proud peacock believing all your ‘friends’ now think you are so clever.
Your Zen Master says ” Stop spending 12 hours a day chatting on internet blogs, chat rooms, message boards and instead get back to meditating on ‘ THE ZEN KOANS’ which requires at least 7 hours a day.
Reflect on Koan:
Who am I? Nothing but self-thought, which I wrap my identity around. Fleeting and of no consequence.
.