Monday, September 22, 2008

Now EOD 09/22/08

One question I have, is why does Telecom dump so much going into a depression??? The only answser I have, is that people stop answering phone calls, because it's usually a bill collector on the line.

Well, I guess you can't argue about those results, I'm talking about Australia banning all short selling, period! I have no idea how long the ban is, it would be interesting to see how it reacts over a period of time, any & all stocks .
Also, I find it interesting that even with one of our bigger drops today, it was close to the lowest volume so far in September. I'm sure there's some kind of earth shattering indicator or idea that can explain this, and the direction we go from here, but it certainly is beyond me. My guess, is that after last week, every one is just fricking tired, hahahahaha!
I'm depressed. It's not the trading, actually, I'm doing that a lot, just about all of it in the UYG, I love that little thing, it's keeping me afloat. I'm depressed because I was going to do some raging fricking rant about this administration, and their rape of the country, but, I've done that since I started the blog, and nobody has listened, so why bother. Besides, read the Captains link's today, you can get all you want there, Casino Capitalism , it don't fricking matter, nobody cares, I have yet to see a single person hang, draw and quarter anybody in that lying scum bag administration. I mean, the FACT that they are tying to ram rod this fricking bail out of their Wall Buddies down our fricking throats, with only months left in their reign of terror, fit's exactly in with their moves they've made the last eight years. The ones that really piss me off, are those spineless fricking Democrap's, who are scared to death to make a move, worrying about losing the election. I mean, this is probably the stupidest thing I've ever seen, not one, NOT ONE, of any of the proposals does any thing to solve the basic problem, and that is the crushing of the American middle class. I'm not talking about the idiot's who are losing their houses because of their greed or pure stupidity, I'm talking about the government trying to lock my kids out of being able to afford a simple home, because of their insistance in trying to freeze housing prices at these unaffordable prices. I mean, that's just the start of course, I was watching Crudlow tonight, for a few minutes, and they got on the spike in oil, and how it may derail Crudlow's goldy lock's shit, and within seconds one of them jump's in to point out how great it was, that LUCKILY, wages have not grown in the last eight year's, SO THAT'S REALLY COOL MAN!!! WE DON'T HAVE TO WORRY ABOUT INFLATION!!! I mean, maybe I'm not making my point there, but it's probably the stupidest concept I've ever heard, that inflation has just been killing the working people in this country, while their wage's have lanquished. In one breath, Crudlow want's everyone to spend spend spend (screw the drill drill drill), and then in the next breath he talks about how cool it is, that they can't make any money to spend spend spend!!!!!
I'm getting more depressed, maybe the genie in the bottle will help, HELL, I'll probably buy some more of that financial shit tomorrow, yeeeeee haaaaawwwwww!!!

A bus stops and two Italian men get on. They seat themselves, and engage in animated conversation.
The lady sitting behind them ignores their conversation at first, but her attention is galvanized when she hears one of the men say the following:
''Emma come first. I come. Dennis come and Dennis come again. I come again. Two asses, they come together again. I come again and pee twice. Then I come once-a-more.''
''You foul-mouthed swine,'' retorted the lady indignantly. ''In this country we don't talk about our sex lives in public.''
''Hey, coola down lady,'' said the man. ''Imma just tella my friend howa to spella Mississippi.''

2:00pm: I shut down TS early, to get into the Vanguard account and buy some bonds, so I'm off TS. We did a DOW wow of 370 points down, but the huge story was oil, I believe, don't quote me on this, but it spiked the most ever, like 28 bucks a barrel, before settling at $120, up 15+bucks. My suicide wish continues as I began partialing into the UYG again, hahahahahaha, die Cucca Die!!!!

I really don't have any thing to say, other than this was a resounding reply to the bail out plan, obviously, we must Loooooooove it, hahahahahahahaha!!!

6:30am: Hahahahaha, geeze, you think maybe GE and GM were all over that meeting this weekend, GE, GM, AmEx on amended short-sale ban list , why not Ford??? I guess eventually you won't have anyone you can short, what a stinking crock of shit!!

6:00am: Futures are down this morning, averaging about .60%, or 80 points in the DOW, the Q's are leading the charge for some reason, down 1.17%, or 50 cents.

This article is exactly why the bail out is a bunch of bull shit, ABS investors call for competitive bid process in government bailout , there are plenty of bidder's for the toxic waste crap, it's just that they are doing this weird thing, and actually waiting like a bunch of "investors", for the price to come down to where they consider it fair value and risk, a classic example is the LEH shit they are still trying to sell, they want 90 cents on the dollar but the "investors" are only willing to pay 60 cents. The market can correct it's own problems, we don't need fricking Paulson coming in there, spending our tax money, to pay that 90 cents to his buddies, rather than the 60 it's worth, roaches!!

The futures are really scarey looking, they've been flat since last night, I had to bang the sides of my screens a couple of times to make sure they were working, it's almost like every one is waiting for "some thing"!!!


sysin3 said...

$700 Billion just doesn't go very far any more.

Why, when I was a boy, we could have bought 2 or 3 good rally days for $500 B

bzbtrader said...

The low volume today was as expected, as the short sellers try to finesse means to accomplish their evil goals. Daily option report had an intersting post today...apparently market makers can still short as it's consider a legitimate hedge. .but it's not if I try to short. . go figure (or become a market maker). Imagine how much further the hit would have been today if the short sellers had been able to pile on the downside.

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