There was a chill in the air today. Bo near cheering. No bear cheering either.

I think the pigmen maybe got short in that last disturbation rally.

GMTFO


*DJ Bear Stearns CEO Sells 172,621 Shares >BSC

*DJ Other Bear Stearns Execs, Dir, Sell Stock >BSC

S&P futures already 7 points off the lows.

Jezz...these guys don't wait.

I don't always agree with McCulley, but he sure knows how to write about complex stuff in a way any mortal can understand.

http://www.pimco.com/LeftNav/Featured+Mark...BF+Jan+2008.htm

jickiss is back!



jickiss is back!


and


well, so today was like a Half Day, Friday, tomorrow, will be like 3/8's of a day,
Monday will be a Quarter of a Day.

Thennnnnnn,

presto, Everybody better get ready for reality day, Wed. Jan 02, 200 ATE.

Oh ATE = 2008. The Year that ATE all the paper?

Three Peaks, followed by the Domed House, followed by the Fall 2008 Crash...


CDE by the way, closed on its new UP CHANNEL!

cool. Get ready for the CDE moon shot in 2008......CDE.....just wait till the cover of the illegal shorts starts.

cool.

jickiss!!!!!!! ps you must click to Enlarge the Chart to see the up channel tanks.

My indicators are showing buttkiss right now.....glad I lightened up on my dongs though ....no shorting yet......

Gooooooog 10-pernt ScchhhPankin' today, butt still held its 700 public showprint.

POS Crapple didn't fare as well, showprinted over 200 mid-day and then gave it up fer Shorty at the close.

I let 'em have some more 220 sucker calls today, they wanted 'em so bad.

I've referred to we Amurkins in the past as a large herd of Infants smashing our crib bars.....

Not exactly but implicitly

Permit me to change my metaphor: Right now We are at the beginning stage of rampaging adolescence..

I try to discuss the current economy with my wife; all I get is the stare of a 68 year old goggle-eyed Bambi in a Disney forest fire...

And I??? Having All the responsibilities dumped on my head,and me armed with the survivalist virtues of a 12 year old...

beardrech I wonder why I keep wanting to hit my neighbors in the face with an oar....

Allow me to share the various reactions you can expect to get from a woman uninterested in these types of matters:








Bad idea.

I thought Doc said if it closes on the low, da boyz will open it up. Gold also shanked in the after hours.

I assume that you know that you would get the same reaction from a man uninterested in these types of matters as well.

Of what relevance is a person's sex when it comes to the economy? If they're not interested, they're not interested. Male, female, or other. It's irrelevant.

heard Hugh Johnson whining on the radio yesturday about the Santa Claus rally not being all everyone had hoped for

talk about adults acting like kids!

I bet he was real disappointed today

too many people loaded the boat long, oblivious of any possibility for something, anything, to go wrong

like fer example a sudden nuke-grabbing contest in Pakistan

maybe the Fed will swoop in and goose AAPL back above 200, "they should so something! only 199! this is serious! bail us out!"

Rent for $850 monthly, or "own" for $3,000 ?

After she bought the duplex, Marquez's monthly housing expenses jumped from about $850 when she rented to $3,000.

In order to afford it, Marquez had to stretch her loan out to 40 years, fixed at 5.1 percent, with the first 10 years being interest-only. Once this period ends, her total monthly payments will jump to nearly $4,000.

oh my

jickiss is back!



jickiss is back!



and Dear Sudaca, tanks for putting up the link to PIMCO s commentary.

Where is the 2008 forecast from these guys. How gross not to have one up yet.

your jickiss thinks that the PIMCO commentator ought to strap in and drive North up to Mr. William O'Neil's offices and go over the stock Mo Mo theory of investing a bit more deeply, The promotion of which has done more to influence "thinking" in the Stock Market, the Real Estate Market, the Art Market, and even the commodities market than virtually any other "idea source" since the gold window was shut in the days of Nixon.

when that MoMo movie that helped to "create the values" gets run backwards, Watch Out, indeed.

no corporation, no city, no State and no national government ever expects to pay anything off again, ever.

but the markets of the world will show, in the end, that Velocity is the closest thing on earth to the truth that exists.

here is the key excerpt from the PIMCO person:

"It’s called the Speculative Unit, Bun. It comes about when people are so confident in stably rising house prices that they find the Hedge Unit to be, as you put it, boring. Technically, Minsky defined it as a loan where the borrower’s cash flow is sufficient to fully service the debt, but not amortize the principal. Thus, when the loan matures, it must be re-financed."

yup. re-fi's = the key support for all of the debt.

thimk!
jickiss!!!!!!!

But she is building equittee.

nxg movin up

Wow, everyone on vacation or just passing gas? Speaking of UNG, it's retesting some support. They stopped it with a tad of volume today. Maybe the pigmen like the price here.

http://www.StockSharePublishing.com/ChartL..._1198808055.png

may be useful to scared kitties .... lol

http://blog.afraidtotrade.com/

"Recession talk make Bun Bun hungry"


"Bun Bun eat"
[attachmentid=94103]

i like it

SALLIE MAE INVENTS THE REVERSE SHARE BUY BACK



So in order to buy back 44 million shares at double the market price it issues about 70 million shares.

Sounds logical to me.

Wrote some naked 33 puts on UNG at 80 cents

Like retailers, all the e-traders (the Wall Street equivalent of Target) were looking for better bargains, and didn't find them. The yang of the Santa Claus Rally yin.

John Q's tired of investing in the CEO's bonuses.

Such behavior used to be called a "market". Lower prices are now called a "disappointment".

Quite the wedggie on the dailies...........

[attachmentid=94104]

But Herrr Dok,while agreeing with you 87% I must call your attention to the opening generaliization where I refer to "WE" Amerikuns,,,,which collective pronouns, if examined carefully, both include all thirteen sexual dispositions within the current erotic geography of America....and I also reffered to Infantilism, and Adolescence two genera presumably including both sexes which presiumably involves including myself both times as well.

Of course there are abundant crowds of male Ignoramuses ignorant collectively of countless subjects,let alone economics:I, being a male, who would know better?

I presumed the genera implicitly included all sexes...

But for economy's sake I ,upon occasion, exerciseing the ancient admonition:Brevity is the soul of Wit " and,in the process, risk missing the mark terribly; for which I plead guilty and do apologise...

beardrech Rarely is it the case when I CRITICISE ANYTHING without,at some level including myself.....Or else why the mantra "It takes one to know one....

Suds
Also from Minsky:the shortest descriptin of the typical business cyclle:it has three phases:

Investment;Speculation----PONZI!!!

beardrech Similar in length to Three Strikes & your OUT.

Citi gonna lead a divvy cut parade?

wonder if Mr. Fisher's brilliant prognaSSterications account fer divvy cut shock

I gotcher yield right here

MONEY FOR NOTHING AND YOUR BONDS FOR FREE



It was only a mater of time before someone with a AAA rating jumped in and started insuring all those lovely tax free municipals.

What a great business.

Municipals are a much safer bet than any other US bonds from a default perspective.

I regard them as safer than Federal bonds.

WHY SANTA DIDNT COME TO FALL STREET THIS YEAR

Given the nasty bear stock conditions the Santa Rally this year was always going to be an empty stocking - not like the last two years when santa bought the fall street children lots of lovely presents.

Well the fall street children have been very very bad this year - hiding all their naughty losses so Santa cant see them - so Santa has no presents for them this year.

Except for one child - Goldmember - who got $20 Billion - some present. ph34r.gif

Friday's sell-off was accompanied by some handsome gains in the Japanese yen and the Swiss franc.

Is it possible that what we saw Friday was some position closing by global carry traders ahead of the year's end?

Just thinking out loud here.