Bloomberg is trying to play off the biggest two day market gain since 1987 on the Citirescue. Hogwash, we say. Only the revealing of Obama’s Economic Superfriends could have such an impact. 58% gain on a loan guarantee? Next think you know Bloomberg will be claiming Latin American Debt Forgiveness is responsible for emerging market recoveries.
U.S. Stocks Post Biggest Two-Day Rally Since 1987 on Citigroup [Bloomberg]
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Wideclops () ()
#1.. WTF IS WIDECLOPS U IDIOT?
mayo
wideclops came to earth and died for your sins, so that you might have eternal life.
#2 and #3…
looks like someone wasn’t paying attention last week…
#5 you are an idiot
5 is my hero
@7 you can throw stones and insults at me all you like.
i have faith that wideclops will take me into it’s everloving arms once my days on this unholy earth are done.
Why has CNBC been trotting out all of these analysts, economists and pundits who are hugely negative on the economy and the market?
For the last two years, I’ve had to endure an unending cycle of positive bullshit about how great the economy and all of these firms are.
Now with the market down 50% all we hear is doom and gloom? Do these guys do anything but chase momentum?
and you guys are supposed to be the future brains of our country? god help us if that is the case. i guess having money to go to the best schools in the US doesnt mean shit.
Wideclops will make sure u get laid – - OFF ni99a!
-MoneygripWisdom
PRNEWSWIRE: SOMALI PIRATES HIRE WIDECLOPS FOR ADVANCED RADAR CAPABILITIES
Expect 2009 revenues to exceed analyst expecations by 175%.
This FastMoney show is really, really retarded.
CNBC has way too much time to fill and they end up spewing all kinds of crap.
When did business news become social commentary?
dealbreaker=cnbc or bloomberg with a discussion board….
@14 Since the fucks at “Wall St” dragged “Main St” along with it is the right answer.
Are the traders on fast money actually that legit? If you are a bad ass trader why would you waste your time on cnbc.
13 that was the best! All hail wideclops!
@20- um, there were a mere 2 articles today that referenced cnbc and bloomberg.
The quality of commentary on Dealbreaker since the Lehman/Merrill Weekend has mirrored the performance of the XLF since the Blackstone IPO.
let’s see. what should we call an unattractive male? i see wideclops is for females. how about smalldicks for any male who has to degrade women? sounds about right…….
@23 Shut up Wideclops
@18
Bingo
#23 – guys hide your cojones, Girl is back in tha house & undercover. She is to your crown jewels what Pandit is to citi market cap – How the fuck did it become so small?? Last time i checked it was godzilla’s fucking tail!!
@23
Honey you have no idea what I could do to your face with a coathanger…
@26 Or your fetus.
I can 100% absolutely guarantee most of you guys are butt ugly as that is true for most guys working in investment banks.
you guys think you are any different? think again boyz
Dealbreaker = United American Misogynists Association (UAMA).
@28
who says anyone here works in an investment bank? we all flip burgers, except for TGFD, he is a rock star at Oppenheimer & Co
i guarantee none of you pussies would dare call a girl a wideclops to her face. look in the mirror! you guys went to harvard/yale because ya couldnt make it as even hand models
Really, this FastMoney show is complete crap. I guess true to the name, these guys don’t look out more than – what, a single quarter for trades?
No wonder American industry is in such crappy shape – there is excess volatility from these idiots trying to make a “fast buck” on the next tick of numbers.
If these guys are so smart, why were they long stocks in August?
They seem to be valuing assets based on the next datapoint or two – next quarter’s earnings or the one after that.
Do they really think earnings are going to zero despite massive worldwide fiscal stimulus and incredibly low rates?
The fear I have is that when the major world economies turn, we’re going to be right back at it. All of these morons are going to be telling us how perfect the world is, bidding oil up to $200, buying low-yielding MBSs yielding in the bps, and overpaying for stocks.
Are we destined to have an oscillating market with a ten year period? Maybe Buffett is right and it’s best to buy when there is blood in the street and then just sit on things for a decade?
@30 – flip this
@30 – flip this
@Anal_yst:
I actually like the guys on fast money ,relative to the rest of the moron on CNBC they’re genius. Lets not forget the answer to that question is EGO, the same reason warren buffet lets CNBC follow him around like a lost puppy. I really miss Tim Strazzini, “the Risk Doctor” he was the best. But Jeff Macke is good enough, equities ARE WORTH ZERO, if you think otherwise you don’t understand the problems with economic models. Reflexivity, look it up.
Finerman is solid too
@29
did you bump your head at the glass ceiling or is this the PMS talking?
33/34 Bitch please…
37 – shut up smalldick
@31 – I would. I would look her in whichever eye was facing me and say: Girl you are a gnarly wideclops if i ever saw one..
I hope we have a hugely gigantically orgasmically oscillating market for more than ten years so I can sit here and make tons of money intraday. Then when I get old I’ll chill and create some type of cool core portfilio to trade around and maybe write a book.
Three cheers for Mr. Oscillation
I hope we have a hugely gigantically orgasmically oscillating market for more than ten years so I can sit here and make tons of money intraday. Then when I get old I’ll chill and create some type of cool core portfilio to trade around and maybe write a book.
Three cheers for Mr. Oscillation
@38
admit it you fancy me and my monkey!
I hope we have a hugely gigantically orgasmically oscillating market for more than ten years so I can sit here and make tons of money intraday. Then when I get old I’ll chill and create some type of cool core portfilio to trade around and maybe write a book.
Three cheers for Mr. Oscillation
Don’t you people realize that for the most part, TV is ENTERTAINMENT. You can’t really expect to get any sense from anyone appearing on it.
Things are shaping up that it may have some serious competition in the area of comedy from politics though in the near future.
@35 “Finerman is solid too”
You lost whatever (little) street cred you had. All she does is hems and haws and blather about valuation. Why the fuck is she even on a “trading” show? I liked that Susquehanna chick from way back.
I saw a wideclops just walk by. Uhoh.
-mrp
@46
is that a bad thing?
Not for me, don’t think said wideclops was in HR. But i noticed the “shaking” of the raised floor when she was approaching and walking away. Scary.
I feel like that dude stalking the Geico Gekko. “Truly remarkable, we have entered into the habitat where the wideclops thrives!”
-mrp
Oh jesus, Cramer is getting bullish…. hold on to your assholes people.. this is going to worse than I thought.
Vol,
Haha! A sure sign of impending doom, for certain.
HOT DAMN, i’m buying some goog calls (and some puts of course). Eric Schmidt just said “I don’t know” with respect to his revenue numbers. first time i’ve ever heard a CEO say that, this guy is a GENIUS.
Who says a male wideclops can’t exist?
(this could be the title of nassim taleb’s next book… black swan 2: the male wideclops)
i found a fillipino wideclops!
http://i29.tinypic.com/2vanzag.jpg
@52
it’s called a SPODEclops and it looks like Alf and sounds like your toilet flushing
@22, 28, 29 calm down or we’ll take away your right to vote again.
@53
she has a great face for the new citigroup callcenter
you mean when markets dive 20% ON NO FUCKING NEWS (that was last M-Th) they can come back up ON NO FUCKING NEWS?????
Lordy…..who knew???? WHO KNEW????
which female biz TV anchor whose boyfriend works for Citigroup?
I bet he’s been dumped.No money no honey!
Like we discussed so feverishly last week – wideclops is where it’s at! Can you say fuck me boots? Pity the fools that missed that thread – it was a thing of beauty, funniest fucking thread I’ve read in a while. Drive up your money trucks to the line, Citi down, the big three ass clowns are car pooling to get their bail out next. Who’s Fucking Next- and not the classic Who album either! Where’s mine?
@45:
Yeah, i don’t mind hemming and hawing since i’m long/short. I’m just as likely to fade her as listen to her (actually i’d do both simultaneously) , but I like to here the “value” investor’s perspective.
I like her because she calls bullshit on management estimates, since i stopped looking at fundamentals (though I hear they’re sound) I need someone who knows something about them to call bullshit from time to time. None of the other traders on the show really pay attention to fundamentals… Macke sort of does.
Too long; didn’t read.
vol
the thing about econ and reflectivity is that it makes no difference in the end. econ models may be right or they may only be right because people believe they are right and the end of the day they can be a good indicator of the future so we use them.
~M
@62:
Only if you don’t go broke from margin calls waiting for the indication of the rightness to materialize.
The problem is when the models are right people lever up because the model says you were right last time. Then you’re right again, and so on, until the model is wrong, then you lose everything at once because you have to deleverage but there’s no market for your assets.
true, and i guess this is a lesson wall street is learning. they should continue to analyze for deviations from the model and not go for broke on one trade idea.
that being said, its easy too look back and see the sub p problems so i cant honestly rip on the traders for fucking up. there are alot of alt as and adj arms are coming up so that should be a concern.
but these lessons have been learned before at solomon (MBSs)and with milken (junk), traders are great in the good times but they will fuck your firm up if things go bad.
to get back to the econ models, they reall are the best we have at predicting the implications of certain events so i dont see the problem with them, only the people that work behind the models at 100x leverage
@VOL IS KING
You got killed today, didn’t you?
@57
Ummm there was some news today wasn’t there?
I thought Ashley whatshername got interviewed or something. And Lindsay is not a lesbian but could like lesbian things.
@65:
I make money whenever there’s a large absolute deviation move. Every time the market goes down i’m writing put back spreads and buying atm calls when the market goes up i’m writing call back spreads and buying puts. So when the market goes up i make money on the short puts and long calls, all the while writing ITM calls and buying ATM calls and puts getting longer and longer. When the market reverses i’ll buy the ITM calls i wrote back. If the market doesn’t reverse then i’ll make money on the short puts i wrote while the market was going down and my long calls.
Any more questions smart guy?
isn’t it funny when the free market rallies on socialism???
Cheers B1tches,
Tanned Banker
About the bailout.
I haven’t heard this anywhere else but it would appear to me that the insurance is actually just partially re-insurance with C on the hook for anything after $263m.
|USG share will be allocated as follows: UST (via TARP) second |loss up to $5 bn; FDIC takes the third loss up to $10 bn;
If this is true, the USG just got $27bn of preferred securities with an 8% yield plus $1.3bn in warrants.
$27bn for reinssurance risk from 10-15% on $309b and a $20b super preferred with veto right security? If this is true everyone who bought Friday and today got suckered out. I’d hate to be that person again tomorrow.
-wyl
wyl@#69
Interesting. Could you elaborate a bit on how you got your figures?
a new interpretation of today’s bail out. The basis on Citi CDS was so wide that the Treasury had to get a piece of the action.
Meanwhile PMICO is buying TIPS, they know we’re having deflation right?
69 is right. This is basically the biggest ABS CDO in history, with Citi being the equity tranche (1st loss piece), and Uncle Sam and the rest of us taxpayers eating the next slice of losses. Yummy.
why is this such a hard concept for most people to understand?
repeat after me:
de-leverage.
@73:
where ever there’s a japaense housewife riding the carry trade. Wherever there’s a risk manager using V@R, wherever there’s a portfolio manager who uses P/E ratios, wherever there’s a banker doing a DCF, wherever a quant says the word “Stochastic” when random would have done just as well.
Wherever a CEO says “We have adequate liquidity”, wherever an Economist updates his forecasts, wherever a TV talkshow host explains why the market went up today AND wherever a hedge fund manager claims “the fundamentals are sound”
just look to the model error THAT is where I trade..
so where other people are not trading… essentialy
wait until they hyper-inflate our currency next year.
hooooray! i’ll be making 100k working at walmart!
no where other people ARE trading and using their idiot models.
short the housewife’s portfolio because the yen has skyrocketed and sh needs to sell?
the house wives were short yen, long high yielding currency.
Here is how I time tops and bottoms in stock market and make insane sums of money:
I ask google!
1. Here the question I ask google: http://tinyurl.com/6m7t2p
2. The top two answers I got:
http://tinyurl.com/6ee5tn
http://tinyurl.com/6dhloa
3. Money I made in 13 hours of market movement: 20% (20K in my retirement account,
and 40K in my brokerage account) (my money is growing faster in my broker account
so I have more money.
4. I earned 60K between Thursday’s market close, and Monday market close. More than
I earn slaving at work for one year!
@67, VOL IS KING,
Just to be sure when you say you write put backspreads you mean you:
BUY 1 ITM PUT, SELL 2 OTM PUTS
When you say you write call backspreads, you mean you:
BUY 1 ITM CALL, SELL 2 OTM CALLS
If I follow you correctly, in sum, in falling markets, you:
BUY 1 ITM PUT, SELL 2 OTM PUTS & BUY 1 ATM CALL
In rising markets, you:
BUY 1 ITM CALL, SELL 2 OTM CALLS & BUY 1 ATM PUT
Am I correct?? Just trying to understand the nomenclature as I find that people use different terms.
Thank you.
wideclops
A girl whose eyes are too far apart.
Originally coined by author/comedian Aaron Karo in his popular email column “RUMINATIONS.” (AaronKaro.com)
“That chick is a wideclops. I mean, I can only look her in the eye one at a time!”
No whe i say back spread I mean buy two ATM puts sell one ITM put. unfortunately ti gets trickier than this, because the ration is not necessarily 2:1 due to differing vol assumptions and distance between the strikes.
@84, Thanks VOL IS KING for the clarifictaion. So the correct posoiton would be :
In falling markets, you:
BUY 2 ATM PUTS, SELL 1 ITM PUT & BUY 1 ATM CALL
In rising markets, you:
BUY 2 ATM CALLS, SELL 1 OTM CALL & BUY 1 ATM PUT
Am I correct?? Let’s ignore the ratio now for the sake of this example.
Thank you.
@84, Thanks VOL IS KING for the clarifictaion. So the correct position would be :
In falling markets, you:
BUY 2 ATM PUTS, SELL 1 ITM PUT & BUY 1 ATM CALL
In rising markets, you:
BUY 2 ATM CALLS, SELL 1 OTM CALL & BUY 1 ATM PUT
Am I correct?? Let’s ignore the ratio now for the sake of this example.
Thank you.