Thursday, November 01, 2007
Closing Comments
Well, to top off this day from hell, "The Fly" gets to listen to the MVIS conference call. The silver lining: the stock can't go down 9 tomorrow, since it's only 4 and change.
My technician says we're going lower. Amidst his incoherent rants, I heard him say something like "VIX breaking out" and "down volume, so not gay."
I agree. Apparently, the market is in 'queer mode.'
I've noticed, the common denominator of all of the big disappointments have been U.S. consumer related. From CROX to BWLD to NTRI to you name it, the U.S. is a country full of poor, credit card using fucktards, who are constantly in need of a new plasma tv.
Into the close, I threw some shorts and other hedges on, just in case the gift keeps giving.
It seems fairly possible that we will endure a few major bankruptcies, within the financials. I know everyone's money is betting on the 'global growth' story. They even get happy when oil goes up, equating it to the 'burgeoning demand,' thanks to the 'global growth' story.
Whenever I see high gasoline and heating expenses, I am quite pleased the fuckers in China and India are 'banking coin.'
In closing, this bull market is treacherous, similar to the markets from '97-2000. Long term, we'll be fine. However, it's the short term blips that usually wipe out the small guy.
Live to fight another day.
NOTE: Maria Bartiroma is a bear whore.
My technician says we're going lower. Amidst his incoherent rants, I heard him say something like "VIX breaking out" and "down volume, so not gay."
I agree. Apparently, the market is in 'queer mode.'
I've noticed, the common denominator of all of the big disappointments have been U.S. consumer related. From CROX to BWLD to NTRI to you name it, the U.S. is a country full of poor, credit card using fucktards, who are constantly in need of a new plasma tv.
Into the close, I threw some shorts and other hedges on, just in case the gift keeps giving.
It seems fairly possible that we will endure a few major bankruptcies, within the financials. I know everyone's money is betting on the 'global growth' story. They even get happy when oil goes up, equating it to the 'burgeoning demand,' thanks to the 'global growth' story.
Whenever I see high gasoline and heating expenses, I am quite pleased the fuckers in China and India are 'banking coin.'
In closing, this bull market is treacherous, similar to the markets from '97-2000. Long term, we'll be fine. However, it's the short term blips that usually wipe out the small guy.
Live to fight another day.
NOTE: Maria Bartiroma is a bear whore.
Comments:
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MVIS CC:
Duration: 2 hours.
2 hours? never seen a cc that long. cant be right unless they are going into an awful lot of detail. Would be nice, but i wouldnt count on it.
Hope the asshats ask some good and relevant questions. Be intersting to see who is on the call.
Duration: 2 hours.
2 hours? never seen a cc that long. cant be right unless they are going into an awful lot of detail. Would be nice, but i wouldnt count on it.
Hope the asshats ask some good and relevant questions. Be intersting to see who is on the call.
My stupidest stock is the only one up.
BIDU.
Up every day. til it drops 50 or 100 in one day, i'm sure.
BIDU.
Up every day. til it drops 50 or 100 in one day, i'm sure.
"I've noticed, the common denominator of all of the big disappointments have been U.S. consumer related. From CROX to BWLD to NTRI to you name it, the U.S. is a country full of poor, credit card using fucktards, who are constantly in need of a new plasma tv."
- Yes I did mention to stay away from anything dependent on the US consumer. The US consumer is dead. They've maxed out their home equity lines, maxed out their credit cards, sold their kidneys and now they are officially 'broke'. Consumer spending will take a very noticeable hit in the coming months.....
- Yes I did mention to stay away from anything dependent on the US consumer. The US consumer is dead. They've maxed out their home equity lines, maxed out their credit cards, sold their kidneys and now they are officially 'broke'. Consumer spending will take a very noticeable hit in the coming months.....
Maria pointed out the MOC sell orders again today...
Irresponsible journalism at it's best. First, they sold us the Iraq war, and now they're trying for a stock market crash.
Whatever happened to the Fourth estate?
-DT
Irresponsible journalism at it's best. First, they sold us the Iraq war, and now they're trying for a stock market crash.
Whatever happened to the Fourth estate?
-DT
Cigs -- Not for nothing, but strong China was okay today.
I was very happy with STeVe's relative strength.
SiDharTHa could've been better, but it's a low floater, so...
I was very happy with STeVe's relative strength.
SiDharTHa could've been better, but it's a low floater, so...
yeah, jake. not too bad for the china lottery today, except sdth. may have to do a little more dd on that one. i know there are HUGE deisel shortages in china, but there are price controls al la jimmy docuhebag carter...have to figure out what effect it may have on sdth
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