Friday, August 03, 2007
Closing Comments
Is the commercial real estate market next? Will the hammer of death drop on BXP and VNO too?
Short answer: Only God and Cramer knows. Therefore, I've decided to forget about "calculator brains" and "time machines" and start taking losses, like a fucking man.
Trust me when I say: Mother market broke my jaw and sternum today.
As I said before, I'm in survival mode now. Funny how shit happens. Just two weeks ago, I was sitting back, printing money. Now, I am ducking grenades and getting into knife fights with these bears.
They're everywhere. I'm surrounded.
My optimistic plans of "banking coin" or drinking "rich man's whiskey" have been postponed. "The Fly's" wings have been clipped.
Don't let this downturn crush you. Understand the worst case scenario, which is the unraveling of the Yen carry trade, coupled with a major U.S. bank going insolvent. If the Fed doesn't act quickly, all hell may break loose, effectively enabling a few thousand points to be "shaved" off the DOW.
The brokers are forced to sell paper, where there is no market. As a result, they are being raped.
Finally, unfortunately, I will be away for half of next week, on vacation. I would like to cancel my trip and man the "turret," but my kids are looking forward to it. While on the road, I will be calling my fucking trader, making sure he gets good prints.
As for you, Woodshedder and Danny will entertain (guest blog)-- and show funny looking charts.
NOTE: The only stock not subject to sale is MVIS. All bets are off for everything else.
Short answer: Only God and Cramer knows. Therefore, I've decided to forget about "calculator brains" and "time machines" and start taking losses, like a fucking man.
Trust me when I say: Mother market broke my jaw and sternum today.
As I said before, I'm in survival mode now. Funny how shit happens. Just two weeks ago, I was sitting back, printing money. Now, I am ducking grenades and getting into knife fights with these bears.
They're everywhere. I'm surrounded.
My optimistic plans of "banking coin" or drinking "rich man's whiskey" have been postponed. "The Fly's" wings have been clipped.
Don't let this downturn crush you. Understand the worst case scenario, which is the unraveling of the Yen carry trade, coupled with a major U.S. bank going insolvent. If the Fed doesn't act quickly, all hell may break loose, effectively enabling a few thousand points to be "shaved" off the DOW.
The brokers are forced to sell paper, where there is no market. As a result, they are being raped.
Finally, unfortunately, I will be away for half of next week, on vacation. I would like to cancel my trip and man the "turret," but my kids are looking forward to it. While on the road, I will be calling my fucking trader, making sure he gets good prints.
As for you, Woodshedder and Danny will entertain (guest blog)-- and show funny looking charts.
NOTE: The only stock not subject to sale is MVIS. All bets are off for everything else.
Comments:
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Look at IOC. What the hell? This is every man for himself, there are no safe havens. CQB? I guess if the fucking monkeys who default on their loans and can't pay thier bills also have quit eating fucking banannas.
Remember when I invoked 1987 a few days ago? I said there were many similarities but I really don't think it is setting up for a 1987 crash mainly because as this market has been going up there were an unusual number of bears according to the advisory services. Back in 1987 everybody was bullish and stayed bullish up to Black Monday. I can only imagine what the put-call ratio is now and they will have to cover. Just before the close I bought a little XLF (financial services ETF) and SMH. I hope I don't regret it.
Chalk one up to King Kong. Cramer let the cat out of the bag, when you fucking mock a company like WM...not good. That's a fucking granny coupon clipping stock.
Looks like COF's buyback is kicking in after hours.
http://www.youtube.com/watch?v=Ggac8KlrXlg
Should be an interesting weekend.
Looks like COF's buyback is kicking in after hours.
http://www.youtube.com/watch?v=Ggac8KlrXlg
Should be an interesting weekend.
"we have armageddon...in the fixed income markets, we have armargeddon..? ---Cramer 08/03/07
CDO traders have been trading AAA-rated tranches at 50 to 60...oh, it gets worse....
Danny and Woodshedder have their work cut out for them this weekend since everyone will have PMS.
CDO traders have been trading AAA-rated tranches at 50 to 60...oh, it gets worse....
Danny and Woodshedder have their work cut out for them this weekend since everyone will have PMS.
After watching Cramer I want to short BSC like craZy. Fly... real estate will bring us much much lower.
Have fun w/ the kids. I'm off for about 2 weeks too.
-gio.
Have fun w/ the kids. I'm off for about 2 weeks too.
-gio.
Awww broker. I am touched. Nice to hear you are the family type. But you are still my number #1 contrary bitch indicator. lol
One word of advice, be humble and dont show off. Only amateurs do...
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One word of advice, be humble and dont show off. Only amateurs do...
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