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Retail Ramp Job
The more horrific the jobs situation, the higher retail stocks are powerjammed by the Robots. Just another example of how the junior 19-year traders at the biggest desks are being horsewhipped by the FemBots to "buy whatever is going up". Its all about gang tackling the "biggest % movers" on the Heat Maps.
Exhibit A is True Religion. Here is a sample of some $315 jeans found on their website:

Too expensive?? No worries, there are hundreds of Prop Desk traders at Goldman who are forking out the bills to buy these for their mistresses.
That's good for about an 18% move today....
And what about the wives of the laid off salarymen? No worries, they haven't made a house payment in 7 months, so they get to bank their entire unemployment checks. That's enough to buy anything and everything on sale at Kohl's:

And don't forget Nordstrom's which shook off last week's 4% after market plunge after a warning. Apparently there remains an acute shortage of makeup, perfume, shoes, and lingerie at the highest price point:
And don't forget the stock split rumors on AAPL, no doubt an excuse for the mo-mo chasers to start dryhumping that one and chasing out the short sellers:
In addition to the banks, I'll be keeping an eye on some kind of a massive Euro short squeeze, and some evidence that the dry bulk shippers will be gunning a "China turnaround"
And don't forget Newmont Mining, ramped up today after earnings, obviously Goldman is now starting to front run an inevitable Euro short squeeze and dollar correction.

I'll be out most of next week, working in a secluded area with no Internet access for most of the market day, so no regular postings for awhile.....
I'll be holed up in an area close to Chinatown, so I'll be sampling some of these after hours....
LOL...

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Decker's up $6.50 after hours.
Apparently, an acute shortage of $140 Uggs
LOL.....
No foollin, I made a ton on TRlgn in the time when no one knew it but a few sharpies....today at a 355 PE ROFLMAO
With everything crazy happening today it feels like the jobless claim numbers came out a week ago. A weak job market is such OLD news. Now, where can I buy some Crocs?!
Prop desk theme song...
http://www.youtube.com/watch?v=rfr40TDfmM0
It's just a game until someone gets hurt!
I'm short but I can feel the Euro squeeze market spurt cumming....
Been getting long Euros all week in anticipation of the massive short squeeze that has yet to occur. Still hanging in there, long in the 4 handle.
Well, if'n we're all waiting for a short squeeze in the EUR...guess what?
Enjoy the time away Robo. We'll miss your wisdom and eye candy.
Ditto here but not necessarily in the same order of priority....
I was laughing while I read this, you're very funny. Well done.
Rep. Brad Sherman, California Democrat, asked Mr. Bernanke directly whether the Fed would consider such a strategy, especially since IMF officials endorsed it.
"We're not going to monetize the debt," Mr. Bernanke declared flatly, stressing that Congress needs to start making plans to bring down the deficit to avoid such a dangerous dilemma for the Fed.
"It is very, very important for Congress and administration to come to some kind of program, some kind of plan that will credibly show how the United States government is going to bring itself back to a sustainable position."
http://www.washingtontimes.com/news/2010/feb/25/bernanke-delivers-warnin...
Why should congress come up with a plan. It's not thier godamn money system. Why doesn't he come up with a plan.
Haha. We put 500 boss mobs in the room. It's your responsiblity to come up with a credible plan of how you are going to attack this problem without a full on guild wipe.
We shoot the fucking game. Kill the programmer and toss it in the trash. Fixed.
I definitely see some shooting in the near future....check out Obama's executive order creating 10 governors to rule by military decree!
Banked yesterday my long US$ short Kiwi at .6877. The Kiwi/US is a sideshow, if the Euro shorts get squeezed and the US corrects...I would get crushed.
Happy like that, made some honest bucks, banked them and heading for the WE.
This is a rigged game....
haha, ramp job.
sounds like you're heading to Phuket, Robo. don't forget to take some good pics for us.
http://www.tvsa.co.za/blogimages/antm6_trya_3.jpg
We anxiously await your return with bait on our breath.
OoH la la sailor boy. Me boom boom you longtime. Me Virgin No shit.
I'm going where Robo is going! Back later.
Sitting here in my Under Armour, I started thinking about these fancy new jeans from TRLG. Put down my Krispy Kreme, slipped on my Crocs, and walked over to the desk to get my Bowmar Brain to try to calculate the forward PE. That old warhorse didn't have enough power, god blessit. So I turned on the LavaLamp, booted up the Commodore, opened my VisiCalc app, and got my answer. Looks good. Better get in this virgin early. Clearly this is another Levi Strauss waiting to happen...going to be around when my grandkids are turning gray. So I put on a little Lou Bega Greatest Hit and dreamed of all the fiatscos coming my way as I ride this rocketship to the moon.
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