 | GS Is God…And Paulson Is Outta Here.by mrkcbill on November 15th, 2008 at 11:31 am |
(9 votes, average: 4.67 out of 5)
Loading ...Been a while since I’ve rambled over here in the PG…man this place looks like a ghetto…no paper towels…no nets on the rim…no heat.
Fly and Dr. Jeremy set this PG up so fucktards like j and DevilDog can do their thing and build a rep and give us Internet leeches some coin banking ideas. Who are all of these “Johnny Come Latelys” who dare come into Fly’s sanctuary IE Comment section only to spew all their contrary bullshit.
How does it feel to have the balance of the Free World in the the hands of Neel “Are You A Chump” Kashkari at the helm. Epic Fail!
Hard to get bullish right now…I know you see all the contary indicators the word “Depression” in the headlines…Pictures of Soup Lines etc etc… these are suppose to be great times to buy but I just ain’t feelin it. I went to a meeting a week ago where a VP from American Funds..get up says ” We have seen this movie before we know how it ends but we still cry in the middle” I say fuck him too.
All I’m reading about is the implosion of everything around me here in KC….This week *Sprint trading @ $2 offers voluntary buyouts..who wouldn’t take that offer. *DHL cuts 10,000 * American Funds cuts 275 * AmeriStar Casino cuts 75 * Capitol One shuts down KC office.. 350 get cut …KC Star Newspaper cuts 50 more including 10 mainstays on the content side, FWIW they also state that they are interested in selling their 2 year old $200 million print pavillion with the intentions of leasing it back. * State of Kansas is 1 Billion in the hole *Â These are just off the top my head.
Have a Merry Christmas Holiday Season!
The real Chumps are the American sheeple taxpayers!!
November 15th, 2008 at 12:45 pmFunny Santa schtick….
November 15th, 2008 at 1:03 pmmrkcbill, I’m not feeling it either.
Based on what I see in our online retail sales, we’re f’d with a capital F. By “we” I mean our economy in general. I might as well sit on my couch and watch DVD’s for the rest of the year, it would be about as useful to me as working.
November 15th, 2008 at 1:54 pmMrkbill,
It doesn’t look like this market will rally sustainably from here in the next 2 months. Not with the November 15 redemption deadline looming. The last redemption deadline was in August 15. Note how the market went sideways to down after August 15. Clearly, fund managers were sitting on a ton of sell orders and were initially patiently waiting for “better prices”. As prices dribbled lower, selling began to intensify, until we got the October climactic waterfall event. Now, with another batch of redemptions on the way, the big boys will again be looking for every bit of upside news to sell into. This sort of action does not bode well for rallies. At best, we hold the October lows and trade sideways into Q1.
Good post. I liked the Santa too.
-Phil
November 15th, 2008 at 10:55 pmGreat stuff, KC Bill. Agreed. On the bright side–football and video games (NPD Oct sales up 18%) are doing well.
KC Bill is King.
November 16th, 2008 at 1:04 am