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Steve McQueen Rescue
Once again, after horrid results from IBM, BAC and GE, the dip buyers come in to swoop up stocks and rescue them from another crash, Steve McQueen U-turn style...
Today's Bottlerockets:
Have a good weekend, everyone...
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Wound up tighter than the wet skin on a bongo drum..
If it goes up, then its "Weimar Meets Zimbabwe"
If it goes down, then its the "Great Disintegration II"
Or maybe it just flatlines were it is.
Initial regional bank earning results have been, well, regional. Banks in Arkansas, Louisiana, and Texas have beaten. But banks in the NW (UMPQ & GBCI) have screwed the pooch.
How about: The Blond Zimbabwe takes on The Great Weimar in Dis-Integration II. It's almost Financial Porn!
PnF target 35
JubileeProsperity.com
Fuck yeah! Let's see China make a V8 like that!
If you can't beat the MF's, join the MF's! Little POS lottery long idea:
http://tinyurl.com/yg9som4
RT, thanks for the great articles and pics! ;)
you have a great wknd too.
The Odd Couple
Made new highs today:
Wonder what the Pomo Tribe of Northern California
think of this? Meanwhile, PnFs for XLP and RTH are
40 and 108. How we learned to stop worrying and
love the POMO?...
Ride the snake....bounce baby bounce.
Don't forget to buy gas this weekend and top off that SUV...
Patience my pretties, patience.
Just loaded up in NJ. Also, Bullitt favorite and Steve truly did a great job there. Ah the good old days....
In real life he drove around in a beat up old pick with his wife Ali. True, but he did like racing. Also check out "Le Mans"-1971
Indeed but I think two wheelers were his favorites.
Good to see you can find redeeming aspects to the bay area as well Robo. The lotto is a runnin' like the engine in the Bullitt car.
Happy trails.
Track USO versus the price of crude to determine where some of the profit is on Wall STreet
More informative to plot USO and the price of oil on the same graph.
Don't forget the epic chase in 'The Seven-Ups'. Detroit steel. Streets of New York. Whatever-it-takes grit. Tough luck on the Palisades Interstate Parkway. They'll get theirs. Classic.
http://www.youtube.com/watch?v=9vACWV5sRcY
It's a great chase, but the cars aren't cool enough for it to be truly iconic. The chase in "Bullit" wouldn't be what it is without the Mustang vs. the Charger.
And the reason everybody is focused on the stock markets is...
Rasputin - Fri, Oct 16, 2009 - 04:35 PM
...because one-hundred million sheeple are trapped in 401(k)/IRA/mutual
fund, long-only, pens and NEED stocks to go up and up so that they can
recover their losses.
Furthermore, as I have pointed out ad nauseum, so too is Uncle Sugar very intent on stock markets rising because:
1. The "wealth effect" that rising markets have on the above-mentioned one-hundred million lambs
...and:
2. Uncle Sugar and the Fed have DIRECT OWNERSHIP STAKES in every
financial and manufacturing company from Fannie Mae to GM and don't
want to have to explain to Joe Six Taxpayer why he has to make up the
losses if the stocks continue to go down.
Then, of course, there is the little matter of the ten-trillion
fiatsco backstop of the entire McMortgage/McMansion market that Uncle
and the Fed have undertaken. A re-skying of ALL asset bubbles is
necessary for TPTB to keep not only their own investments and backstops
from dragging THEM down, but also to keep the lambs from turning into
pitchfork-and-torch-weilding wolves if they lose their job, their
401(k)/IRA pennies AND the McBox.
(Ras Conclusion):At this juncture, the stock markets really
HAVE become "the economy", since virtually everyone is directly or
indirectly involved in them, including the government and Fed
themselves.
This is why so much emphasis has been focused on re-skying them by
the Fed via pumping fiatscos into the Primary Dealers and instructing
them to go gamble like drunken sailors in the stock market casinos.
Because it's "a matter of national security" at this point.
And yes, I really hate this idiotocracy that we call our
government and the insane "Ponzi Pyramid of Debt and Derivatives Death"
we call our financial system.
And yes, it is still teetering on the precipice of either "Great
Disintegration I", or "Weimar Meets Zimbabwe" depending on whether or
not the Fed and Uncle Sugar can maintain their controlled destruction
of the U.S. fiatsco.
And notice that EITHER outcome suggested above is equally as
horrid, and in fact the "Weimar Meets Zimbabwe" one only PRECEDES and
DELAYS the slide back into "Great Disintegration I".
We're scroomed no matter what they do.
Here's one for the mobile internet tsunami, I had to search high and low to find a hottie to keep up with RT's stizzle, but here she is boys, she's all yours...
LEAP
http://www.youtube.com/watch?v=xYi_35Y0CXs
But I do expect a bounce, who want's some?
Hope you got those Monroe Matics all pumped up...
Since it's Friday, the question of the Ken - Barbie - GI Joe affair has a resolution.. as does the answer to Ken's after party question
http://www.youtube.com/watch?v=L8QKK5IDSXE
Or, for MarlaS lost space monkies...
http://www.youtube.com/watch?v=4B4YaNGIaoQ
BTW, great Cash the other day