STUPID Longs Scramble For Cover

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Thu, 02/04/2010 - 12:04 | 217105 Master Bates
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Your post holds true in another way.

STUPID LONGS!!!  Aha... die longs die!

I know you meant about the STUPID CDS trade though...

Thu, 02/04/2010 - 12:47 | 217212 Anonymous
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That's just german for "the longs the".

Thu, 02/04/2010 - 14:17 | 217420 GoodBanker
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Thu, 02/04/2010 - 12:10 | 217116 godfader
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Why? Because the US won't be on the hook for Portugal, Spain and Greece. But Germany will be. The CDS reflect the risk of bund issuance to finance the EUR zone bailouts.

Thu, 02/04/2010 - 12:15 | 217127 curbyourrisk
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Hey...I heard the stupid talking heads poking fun at the STUPID name you guys started this morning.  Karl Quintania seemed to think it was funny, but wouldn't actually laugh about it.



Thu, 02/04/2010 - 12:15 | 217131 curbyourrisk
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OH SHIT.  I just outted myself for watching CNBS.  Well, its for the 12 minutes from out of the out the door.  That's it....I promise.

Thu, 02/04/2010 - 12:34 | 217183 Master Bates
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I have to admit, I have it in the background so I can look up at quotes from time to time.

Watching it and believing it are two different things.  Like when I watch Fox News.  Sure, I see Glenn Beck ranting and concocting bullshit on his chalkboard, but it doesn't mean I believe it.

Same with Crudlow and butt-Crammer.

Thu, 02/04/2010 - 13:18 | 217286 Anonymous
Anonymous's picture

Well i guess these morons get their salary from commercials ?
The more you watch the more they earn. Kind of stupid actually to enable their stupidty.

Thu, 02/04/2010 - 12:22 | 217147 John McCloy
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The beauty part of this ensuing crash of all crashes is that so many bulls will hold hoping for a bounce since they are so near that 1 year mark for long term cap gains tax rate. Its a beaut Clark..a beaut.

Thu, 02/04/2010 - 12:29 | 217166 A Man without Q...
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I didn't think the Fed had to pay CGT....

Thu, 02/04/2010 - 12:51 | 217223 Anonymous
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Hey leave Glenn Beck out of this. The man is fasinating. The ones that talk shit about him are the ones that don't want to hear the truth. I love this man.

Thu, 02/04/2010 - 14:05 | 217392 Anonymous
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It's kind of OxyMoronic to combine any political pundit from either side and truth. Yea they might chime some of your bells but lets face it. Regardless of who they are, they are nothing more but talking heads trying to rally people for their respected party.

Political system = Financial System = Government = FAILURE

Thu, 02/04/2010 - 12:52 | 217228 Leo Kolivakis
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Just buy them dips folks.

Thu, 02/04/2010 - 13:02 | 217248 curbyourrisk
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You got it Leo.  Those are marching orders, right??



Thu, 02/04/2010 - 14:03 | 217385 Missing_Link
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HA!  That's hilarious!

And to think I thought you were being serious up until now.  How could I have missed it?  Brilliant satire, Leo  ...  a bit subtle though.

Thu, 02/04/2010 - 14:08 | 217398 SteveNYC
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When it "dips" to about a 8x PE on the DJIA and a 5% - 7% dividend yield, I'll be buying those dips. Until then, selective shorts and cash, cash, cash.

Thu, 02/04/2010 - 13:33 | 217319 Anonymous
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the boys will be done with this raid by the end of next week, when Euroland will come out with the same kind of guarantees issued by the U.S. in the fall of 2008. Just wait. And yes, the markets will reverse to the upside. Massively. But first Soros, Paulson, GS et al must have their cake.

Thu, 02/04/2010 - 13:43 | 217347 Anonymous
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Tyler's the man!

Thu, 02/04/2010 - 14:01 | 217382 Missing_Link
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"I'm with STUPID."

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