Memo to India--we have been to the moon already!!!

Apparently India (the country not the bow and arrow kind) sent into space a TV-size probe adorned with a painting of the Indian flag. This apparently, "successfully rammed into the moon "Friday evening as part of the country's first unmanned lunar mission, Indian space officials said.

RAMMED INTO THE MOON???? How fucking fast could it be going to "ram into the moon"? How about 5,760 kilometers per hour (3,579 mph). That is pretty fast.....

Here are two priceless comments from Indian officials:

"The probe had a hard landing on the lunar surface that terminated its functioning." If anything hits anything else at 3,000+mph, its gonna stop functioning...

"One of the objectives of this probe is to understand the moon for future soft landings." REALLY?? Future soft landings? Note to India: we have already gone to the moon....we KNOW how to have a soft landing. WHAT THE FUCK ARE YOU DOING???? WHAT THE FUCK ARE YOU DOING, WASTING YOUR TIME, MONEY AND ENERGY TO FIGURE OUT HOW TO HAVE A SOFT FUCKING LANDING????

I can't wait for next week's big press release from the Indian Government that they have figured out that you can use a telephone without chords attached to the wall as well as figuring out a methodology to transport men and munitions, UNDER WATER for great distances.

--The Angry Trader

Somali Pirates Strike it BIG

Oh how I wish I was a Somali Pirate. $150mm ransom paid so far??

YOU HAVE GOT TO BE FUCKING KIDDING ME!!!

Is there not a nation affected who owns a few attack helicopters and some night vision glasses? I would send these guys out at night and fire away!!!

They currently hold 17 vessels and are estimated to have attacked more than 90 ships in the region so far this year, according to the International Maritime Bureau's Piracy Reporting Center, which monitors piracy around the world. The attacks have increased in recent weeks, the PRC says.

The ransoms being paid to the pirates are also increasing, maritime security experts say. The method of paying the ransoms is changing, too, and has become one of the most complicated and dangerous sticking points in negotiations with pirates, the experts say.

Only months ago, pirates preferred to be paid through a complicated web of bank transfers using offshore jurisdictions, according to a maritime security source now involved with ransom negotiations with hijacked ships.

Now, however, pirates are demanding cash upfront, the expert says. Paying by cash can involve many middlemen who in the past have been killed delivering ransom.

That leads me to this press release that hit the major news wires today:

Subject: *SOMALI PIRATES APPLY TO BECOME BANK TO ACCESS TARP
*SOMALI PIRATES APPLY TO BECOME BANK TO ACCESS TARP
*PAULSON: TARP PIRATE EQUITY IS AN `INVESTMENT,' WILL PAY OFF
*KASHKARI SAYS `SOMALI PIRATES ARE 'FUNDAMENTALLY SOUND' '
*Moody's upgrade Somali Pirates to AAA
*HUD SAYS SOMALI DHOW FORECLOSURE PROGRAM HAD `VERY LOW'
PARTIC PATION
*SOMALI PIRATES IN DISCUSSION TO ACQUIRE CITIBANK
*FED OFFICIALS: AGGRESSIVE EASING WOULD CUT SOMALI PIRATE RISK
*FED AGREED OCT. 29 TO TAKE `WHATEVER STEPS' NEEDED FOR SOMALI
PIRATES

COMPENSATION FOR TOP SOMALI PIRATES CANNOT BE SLASHED OR TARP
NOT EFFECTIVE, PAULSON SAYS

WARREN BUFFET : BUY SOMALI PIRATES, I BOUGHT YESTERDAY.
BECKY, WHERE ARE YOU ?

SOMALI PIRATES UNION (SPU) THREATENS TO BEGIN BUILDING
AUTOMOBILES UNLESS TARP FUNDS RELEASED IMMEDIATELY.

TREASURY SHOULD HELP SOMALI PIRATES WHO LOSE THEIR BOATS:
BARNEY FRANK

FOX: SOMALI PIRATES FORCED TO DOWNSIZE TO WEATHER 'ECONOMIC
STORM'; 100 SWASHBUCKLERS 'WALK THE PLANK'

CONGRESSIONAL REPUBLICANS DEMAND THAT PREVIOUSLY AUTHORIZED
EFFICIENT WEAPONS LOAN BE MODIFIED. REFUSE TO APPROVE
MODIFICATION OF TARP TO PROVIDE SOMALI PIRATES WITH AN
ADDITIONAL $25 BILLION.

EESA SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN
ARROWS DESIGNED FOR USE BY SOMALI PIRATES.

SOMALI PIRATES HIJACK FED, TREASURY
$700B RANSOM DEMANDED FOR BERNANKE, PAULSON
SOMALI PIRATE LEADER OFFERS TO RESIGN

SOMALI PIRATES AIMS MERGER WITH GOLDMAN SACHS TO BECOME "TOO
BIG TO JAIL"

SOMALI PIRATES TO USE SWAG, PIECES O' EIGHT AS COLLATERAL IN
FEDS LENDING FACILITY

PORK SEC. 317. SEVEN-YEAR COST RECOVERY PERIOD FOR SOMALI
MOTORSPORTS RACING TRACK FACILITY

SOMALI PIRATE LEADER SAYS PIRATING AN 'ESSENTIAL PART OF THE
GLOBAL ECONOMY FOR 500 YEARS'; SAILS TO D.C. IN PRIVATE YACHT
TO BEG FOR BAILOUT

SOMALI PIRATES MUTINY OVER DECISION TO INVEST GOLD BARS IN LAS
VEGAS CONDO HOTELS.

RANSOM MARKET IS OVERSOLD, SAYS SOMALI BLOGGER

SOMALI PIRATES VISITING DC SHOULD GET BAILOUT: SEN REID

SOMALI & PIRATES 500 INDEX IS LOSING ITS HEAD AND SHOULDERS

ARRRRRRRRRRRRRRG!!

--The Angry Trader

Palin will NEVER get old!!

Great video of the sexiest VP candidate ever to be a part of a national ticket. Note the heads flying off the turkeys when she is done with her "pardon" and starts to talk shop. She is our next Bush.

As Promised.....

626 on the S&P. Hate to break the news to you all....read the prior post you will understand.

As I was taught on day 1 of working on Wall Street, people lie, stocks and charts don't.

So taste it, we are headed much lower and this tape is SOLD TO YOU!!

Sold to you!! We are still going lower!!

I am sorry to break the news to you all but this tape is headed LOWER! If you recall, in early September I wrote an ominous piece while sitting in a meeting with an analog company out west.



I am back...and this time I have nothing good to say, again. Simply put, we are no further along than the 3rd inning of this game, and innings 3-7 are going to fucking suck.



While the street has seen layoffs for some time, the rest of America is just beginning to realize the harsh realities of where we are....



Over the weekend, I attended a friend's Birthday party at the Borgata in Atlantic City. Now granted I was NOT expecting crowds, but what I found shocked me. On a Friday night, at 1130pm, the place was almost a ghost town. Don't get me wrong, there were people in the place, but a bare minimum. Tables were not crowded, the slots were empty and what once was a thriving bar scene was non-existent.



The "rest" of America is just beginning to feel the pain. Yes I understand the losses to the 401-K's. Yes I understand the significant decline in housing prices, but the consumer has not even begun to DE-LEVER. What we have lived through for the past 12 months has been the financial unwinding their leverage. I try to explain this to my friends, collegues....whoever will lend an ear. Unfortunately, people do not want to listen. How could it get worse? Stocks are down 50% or more????



As I just said, the consumer has not de-levered. You know how they do that? They get kicked out of their homes (barring a Government sponsored plan to reduce mortgage payments) and they begin to rent, again. They do not spend a mother fucking penny on non essentials.



You know what a non essential is?

• car


• cellphone


• house


• computer(of any kind)


• video game system


• dvd players


• building materials and all other refurbishing materials/home decor items


• furniture


• non-store brand foods


• dinner out


• movies


• cable/internet with high end service or movie channels


• jewelry


• landscaping work on home, as well as tools or services for same


• toys


• videos


• new pocket books and shoes for the ladies

do you get my point? THE AMERICAN CONSUMER WILL NOT, BECAUSE THEY CANNOT SPEND ANY MORE!!!!



Now, here is the kicker.....the average Joe the Plumber has not seen the wave of layoffs that are about to hit him and his family/friends like a Tsunami in Malaysia.



Having breakfast with friends at a local eatery outside of Atlantic City, as the rest of the group lied about their winnings, I listened to the "locals" talking about some of their friends who had been laid off...that the casinos were monitoring incoming traffic and sending staff home through the evenings as volumes dictated. When i pretended to be reading a local paper and listened in on another group's conversation, it was eerily similar. How building and all construction had come to a screeching halt in the last few weeks. That they would not be able to spend on Christmas like they have in the past--and their was an almost apathetic tone that this year, there would be lumps of coal in the family stockings.



Just wait. JUST FUCKING WAIT. As the number of unemployed grows, so will the fear amongst all of us. EVERYONE will be wondering, will I be employed or will I be able to sustain my family at the end of 09? At the end of 2010. The continued negative realities will continue to curb all spending. We fucked up once before, during the summer when the Government gave everyone a check, and the fucking morons that live in this country spent it on 720i HDTV's( I mean if you are going to blow the check on something frivolous, then blow it on a 1080p TV--JESUS!!)



The next stimulus plan will be spent paying bills, appropriately. However, I digress. The point is that even if you still have a job next year, you will not be inclined to spend. Not inclined to spend means that profits will go lower and lower....it is inevitable. With profits so goes stock prices.



We have tested 7800 several times intra-day. We are going to break that, and close lower for the session. THAT will freak a lot of people out, and the last wave(hopefully) will begin. Where do we bottom? Stay tuned for tomorrow's call on where to get long and strong.



--The Angry Trader.

My Associate--WRONG

So the "King of the Jews" is here to call out the partial Jew, who I had no clue actually had Jewish blood on his mother's side (which makes him a Jew for eternity) posted a piece here concerned how American Jews could vote for Obama. (I am referring to my brother in hate, anger and passion McLovin)

A brief piece of his bio:

Emanuel, born to an Israeli doctor who married a local woman after he moved to Chicago in the mid-1950s, speaks Hebrew and fondly recalls summering each year in Israel as a child – including just after the 1967 Six-Day War. He attends Anshe Sholom, a Modern Orthodox synagogoue in Chicago, and sends his children to Jewish day school.

I am here to say that Rahm Emanuel, Obama's choice for Chief of Staff puts all of those fears to rest.

Torn - Who is the Real Barack Obama

I can't get over the two side of Barack Obama.

Side one shows the second most liberal voter in the Senate, one who aligns himself with Ayers, Wright, and Farrakhan, and gives speeches for Khalidi. He ran on a "spread the wealth" platform that included tax increases for the 5% of the population that already shoulders the majority of the tax burden, and laid out a framework to tax small businesses making over 250K a year, which already pay 80% of the small business taxes collected in the US.

Side two shows a guy that wont raise taxes on the rich, opposes an over-regulated response to the financial crisis, plans to cut taxes for most Americans, is pushing out 'reforms' on healthcare and education, hasn't been a vocal proponent of the moronic bailout, isn't making noise now that a second stim. package looks unlikely in the lameduck session, and is bring on people from middle of the road think tanks (CAP excluded from "middle of the road") and has sounded more like Reagan than Carter with strong language around Afghanistan and no firm deadline likely for Iraq beyond the draft resolution going through Iraqi parliament now.

Let's say Obama runs like the middle of the road conservative he appears to be positioning for. This makes him a lying campaigner that will now backtrack on just about every promise that energized the young voter. He's silent on gay marriage after saying on the campaign he did not support amending the constitution to support gay marriage, and is making threats to enemy nations despite his earlier plans to sit down and chat with rogue dictators.

Yet, the seconds version, which aligns Obama with Reagan as they are also both great communicators, may prove the best thing this country could ask for. Bush failed miserably at inspiring confidence and calmness. And you see to this day the same traits in Paulson, who recently said he would never apologize for changing the bailout protocol. A President, beyond all else, is responsible for delivering a confidence inspiring message of calmness and command of current issues, even if that's not the case behind the scenes.

I view this as a win win. Either we get a great President, or in 2 years the Dem's lost 10 house seats, and the White House two years later.

WHAT A JACKASS!!!

Mark Cuban=

I want to be a Somali Pirate

Have you seen this? These fuckers took down a Saudi-owned ship loaded with crude and its 25-member crew, the U.S. Navy said Monday. That is totally fucked up. I have written before about these fuckers, driving around in their speed boats, picking off cargo and ships alike for the past several years....but this is BIG.

Saturday's hijacking of the MV Sirius Star tanker occurred in the Indian Ocean far south of the zone patrolled by international warships in the busy Gulf of Aden shipping channel, which leads to and from the Suez Canal. A U.S. Navy spokesman said the bandits were taking it to a Somali port.

Fully loaded, the ship's cargo could be worth about $100 million. But the pirates would have to way of selling crude and no way to refine it in Somalia.t that has become a haven for seized ships and bandits trying to force ransoms for them.

I have said repeatedly that I would much rather be a Somali Pirate than work on Wall Street these days. Think about it--sailing the high seas, no oversight, no governmental control, drinking rum, shooting guns, and an occasional stop at a pirate port (or otherwise) for some good ol' fashion screwing, stealing and an occasional gang bang. It is...a no brainer.

--The Angry Trader

Stupid Things I have Heard

In the midst of the meltdown in the summer I heard that the market would be up this year because "people don't want it to be down because they don't get paid in down market."

Then, I heard that the stronger dollar and lower oil prices were going ignite a big rally.

How STUPID.

We rallied for 5 straight years on the back of a weakening dollar and rising crude. Rising crude reflects strong global growth, and rest assured that if crude moved to $100 right now, it would bring the market with it because its a sign of economic health around the globe.

The dollar has essentially be in decline vs. the Euro since introduction, with the exception of the first year or so.

How can a Wall Street professional make such unsubstantiated claims? Because it's not their money, it's yours.

I am so sick of idiots that one off everything to death and don't get called on it. Now I am calling people on it.

Next time we rally, watch the price of crude.

A few years ago when oil started its massive move higher, it was commonplace for headline to come out and say "stocks sink on rising oil" etc. I did some regression work and found that day to day, oil and stocks are uncorrelated. Over a 12-month period? 70% correlated.

I did all that and didn't curse once.

Too little too late (when will we hit critical mass)?

Well we got to hear from Obama last night in that BIG Sixty Minutes interview and I have to tell you, I am STILL FUCKING WAITING FOR A SPECIFIC COMMENT ON HOW WE WILL:

• Help to solve/fix the banking crisis
• Help to solve/fix the global credit crisis
• Help our domestic oil consumptions decline
• Lead the World in moving to alternative energies
• Grow jobs here in the United Socialist Sates of America

WHAT THE FUCK IS WRONG WITH THIS PICTURE????

Memo to Barack: You are already out of time. I am sure many of you are just shaking your heads, wondering what the fuck is wrong with me...how can he be out of time when he has not even taken office? It is plain and simple. We need hope to start, and if you were able to couple that with any type of specific plans that address the above noted issues, we would begin to feel A LOT better about our precarious situation.

A call to grow alternative energy production in the country, coupled with geographic indications of what types of facilities would be built would have a huge uplifting effect on those worried about jobs or those who have already lost their jobs in those particular regions.

A call to implement a "bridge loan" to help the auto industry survive, as articulated on the program last night is insufficient. Be realistic--say what we know. There must be consolidation in Detroit. We will be shrinking our domestic production of vehicles in the near term and we cannot afford to keep all 3 running. Then take it a step further. Talk about the revamping of the blue collar worker here in America. Talk about how there will be a massive training/retraining program across the country to move industrial workers in dying industries to help propagate the new "green" initiatives whether it be solar, wind, geothermal, or some other alternative fuel.

We need the infrastructure. Who is going to build it out? The unemployed should, in addition to those working for existing companies in these sweet spots.

In regards to National Security, again it is too little and will be too late:

Obama said last night, "I think it's important to get a national security team in place because transition periods are potentially times of vulnerability to a terrorist attack,'' he said

REALLY??????!!!!!!! NO NO, BARACK, REALLY??????????

How could you not have this in place now? Do you not realize how happy Al Quieda is with you winning vs. McCain? We are a sitting duck, unfortunately. Get the power players in place so that you send a message to our enemies. Every day counts, do you not understand this?

Moreover, I cannot get over my "taxation depression". Why is it that most don't get that regardless of the economy you will have less money to spend, less to save. Your Government is keeping the difference. Every morning I wake up and ask myself, why am I killing myself to make money? Why shouldn't I take a job paying me $249,999.99, collect my tax break and live a simple life? Why should I care about being the best I can be? Why should I be forced to pay higher taxes for upholding my obligation to our country (paying bills on time, not being a sub prime mortgage lendee, not carrying debt and being over leveraged).

The problem is that there is NO good answer to those questions I just posed. NONE. There We are moving away from "America" and closer to "america". It saddens and scares me.


You can see the interview here, http://cosmos.bcst.yahoo.com/up/player/popup/?rn=3906861&cl=10704311&ch=4226716&src=news


---The Angry Trader