Society's Greater Issues Show Ugly Head

Welcome to what is sure to be the best blog on the web that no one has ever heard about. It's kind of like the best golfer to never win a major or the best quarterback to never win a ring, only I don't get PAID TO FAIL.

Which leads me to topic number 1: PAID TO FAIL

In the "want something for nothing" decade, driven by instant gratification, terrible parenting, leftist/socialist government, leftist education, and a media system that derelicts its reporting duty and sways popular opinion with biased information, everyone has their hand out.

Ford, GM, Chrysler, Citi, Lehman, Bear, JP Morgan, Wells Fargo (though they didn't want the money but Paulson coerced them into taking it as a "Patriotic" move), Goldman, Merrill, Banc of America, UBS, Barlcays, Fannie/Freddie, all have their slimy, grubby hands in your pocket.

But Why? Why is it socially acceptable and almost universally expected that failing is not only OK, but should be treated with great sensitivity towards the poor sufferer?

Let's start with Dodge Ball. You know, the game where a bunch of 8 year old kids run around and toss a soft ball at each other with the goal of being the last one standing?

Well, in the 1950's-1990, Dodge Ball, along with Tag and Little League, were great games for kids. Such activities fostered a competitive but fun, spirited environment where the goal was to win or finish better than the last time you played.

But a sudden sensitivity movement made it so there could no longer be winners in Dodge-Ball, and if you pitched the ball to fast for your age you were no longer allowed to pitch to kids in your age group. And if you scored too many touch-downs in a high-school football game, your team was suspended and forfeited a win...because you were too good. And on the other side, the the bad team that would finish 2-8 for the high-school football season was suddenly incentivized to be much worse than bad, with the goal of losing by as many points as possible so they could challenge the game and ostensibly be outscored 1-million to zero and finish the season 10-0.

If a kid played Dodge Ball too aggressively, he was told to slow it down, dont make the other kids feel bad by winning. In other words, "Don't Live Up To Your Potential."

Now these kids are working in government, working at Citi, working for the news papers. And they are using these life-lessons to tell you to back off Citi for loading up its balance sheet with bad debt, don't get mad at GM for making bad cars, and leave poor Fannie Mae and Freddie Mac alone. They all tried really hard to do their best. Honday and Toyota? Sure they make great cars. Sure they build them in America. But their cars are way too good for the price and we should not help their businesses do better because the poor people at GM will be hurt.

So lets all open our wallets up one more time and make sure the execs. that flew in on their private jets aren't forced to ever fly first class. We wouldn't want them to have a bad day because of our insensitivity.

Expanding My "NUKE IRAN" Thesis

Simply sated, it is time to not only nuke Iran, but the following countries, so that we can all just start over:

• IRAQ




• IRAN




• SAUDIA ARABIA




• YEMEN




• LIBYA




• SYRIA




• LEBANON




• EGYPT(SORRY BUT YOU'RE IN BETWEEN S. ARABIA AND LIBYA)




• U.A.E




• YEMEN




• OMAN




• BAHRAIN




• ETHIOPIA




• SOMALIA




• TURKMENISTAN




• UZBEKISTAN




• KYRGYSTAN




• TAJIKISTAN




• AFGHANISTAN




• PAKISTAN

I have developed a "giant fan" thesis to protect those interested in Democracy. You simply pull in clean, fresh air from the Mediterranean Sea/Red Sea/Persian Gulf/Gulf of Arden via the installation of "giant" fans. Any fallout from the strategic nuclear strikes should be held at bay by the force from the fans not only blowing against the wind blown fallout but the fans will provide, clean and safe air to breath.

Did you know there has not been one Al Qaida terrorist found or arrested from India? Makes you wonder doesn't it?

Low End Long Island, Meet Low End Wal-Mart

Black Friday has begun with the first death and miscarriage coming from a Wal-Mart on Long Island-----ARE YOU FUCKING KIDDING ME???

Now listen, I am the King of the J's...the King of the bargain, but fuck, I do not shop on Black Friday. My father taught me a LONG time ago to avoid the proletariat at all costs and not going shopping on Black Friday is example #1 of how to avoid these people.

I wonder for if you asked the no longer mother to be or the family of the dead Wal-Mart employee if staying home today and/or not saving a hundred or so dollars would have been the wiser choice.

In case you need a visual of how bad things get today, check this out:



Any of you reading this with plans to go shopping today ARE FUCKING RETARDS!! Stay home. There is simply NO reason to shop this weekend, everything is on sale and will just get cheaper.

Oh, btw---Nordstom, ticker JWN has 2.5Billion in debt and under 100Million in cash. Can you say Chapter 11 after the holidays? Greatest short out there in retail land, if you can get the borrow.

Stay safe people and DO NOT SHOP TODAY!!

--The Angry Trader.

Ride the Rally...McLovin flips stance

I told you all to sell stocks. That's right, and even after 1K points up in 2 days, I am still right. But I am changing my posture now.

Simple rule of investing:
Figure out which way most people will look stupid, and assume they will do their best to live down to your expectations.

Right now, I figure everyone is worried about getting the GI Joe with the Kung Fu grip. Look at 'em, they panicking. So said Billy Ray Valentine, and so says McLovin.

All kidding aside. The logical move here, with 6 of the past 7 bailouts providing a one day rally, as we had yesterday on the Citi bailout, leading to a ton of long-side pain.

This time, everyone is out there reminding you that if you bought the up day you lost money 6 of 7 times. The past few bailouts, the consensus was you better get long, or else you were going to miss some sort of inflection point in the market.

So right now, logic tells me that everyone wants to get short this market. Too much empirical data not too. That could lead to some short term put pressure or general selling pressure in the very short run.

But that play-book is played out. Now we have Obama hanging a $500B plus package in front of us. We know its coming on Jan 20. We know it will probably end up being higher than that. And if you want to be short cyclicals/industrials/energy in front of that, you are going to look like a big idiot.

Touching on a theme I mentioned the other day with respect to moronic things I have heard (dollar strength and oil weakness are good..), I think the dollar will decline and oil will rip on the package. Demand and FX driven commodity rallies with the 10-year at a multi year low are recipes for a monster move.

Tom Freedman Reads The Angry Trader??

If you missed Freedman's piece in the NYT this weekend, check it out. Then check out The Angry Trader's post on November 17th. Eerily similar. Makes you go hmmmmmmmm.....

Also highlights how SMART this angry mother fucking author actually is!!

How to Prevent a Recession: McLovin Style

I am so tired of all the back and forth and over-intellectualizing and man-hours that have been wasted on trying to rescue this and save that. This problem started with, and can only be helped by fixing the problem of home values.

This solution is so simple, its embarrassing to post because it doesn't even fill 20 lines.

START ADJUSTING THE LENGTH OF PEOPLE's MORTGAGES. Take TARP money, and create a lending pool that banks could use to meet their funding cap created by lower monthly payments. The extended term, and greater amount of interest payments over time, creates a synthetic tax cut."

Please note I said length, not value. Please not I said this will help, not cure. But in that context, its the best solution because nothing has gone as far as to even help at this point.

Why would it help?

Confidence: If people can stay in their homes on a 50 year mortgage instead of a 30, they no longer worry about day to day and maybe spend $5 to rent a movie. Confidence matters a lot. In Japan, people saw the writing on the wall and started buying safes.


It's not really a bailout: The homeowner's still pay face for their homes, just over a longer-period. Trust me, they will be thankful, but this won't make em rich. They will be stuck in an upside down home for a very long-time and better make plans to retire at the same home because they aren't going to building much equity on a 50-year.

TARP Lending: TARP is used as a Fed Funds type of vehicle that enables banks to quickly and cheaply meet overnight funding gaps from lower monthly mortgage payments. It's just that simple. The government has nothing at risk in this case. We don't have to worry about a return on TARP money and whether our preferred equity in AIG will pay off. Instead, the government creates some of the highest velocity money in the world every day, and is paid back every day.

The Boy In the Striped Pajamas Cheered Me Up!!

It has been suggested to me that I need a caveat preceding this post:  So here goes:  ****Please note that I am not nor was I happy that an innocent child was murdered in a gas chamber.  I was however, cognizant of the bitter irony that a commander of a concentration camp had his son fall victim to the same fate as countless Jews.  Moreover, I did feel glee, yes glee, that a German Officer felt the harsh reality of genocide on its cruelest terms.*****

If you know me, and have had the misfortune to speak to me since the presidential election, then you would know what a deep funk and /or depression has overtaken me.  You could argue that a multitude of causes was the root for this funk...over a year of declines in the stock market, seasonal affect disorder or a slew of other misdiagnosis was my  ailment, my funk or depression if you will, was a symptom of same, not the election per se.  I would differ.  It was clearly associated with the election as the depression began the minute I awoke AFTER the election.

It is not that I have a thing against Obama.  If you read here often you know it is simply the aggressive push to socialist policies that scares the fucking shit out of me.  As I told a friend this weekend, if your are an American capitalist, and an entrepreneur, you are really sailing in uncharted waters now.  Never before in this country has there been more dis-incentive to be a capitalist or to try and turn your idea into your life, your livelihood and your future.

It is a great time, and an almost certainty that when he can Obama will be doing the other thing that scares the shit out of capitalists, raising our taxes.

How the fuck does this tie into that Holocaust movie playing?  It is simple and true.  I swear on the lives of my kids that this is true.  I went to see the movie with my wife and another couple. We wanted to see a comedy but EVERY movie was sold out but this one and I was not waiting till 9:50 to see a movie.  So we go.  It sucks(at least I thought so) but at the end, in the last 10 minutes of the movie, something fucking incredible happened to me.  I actually realized it was happening as it happened which made the whole event surreal.

During the movie, a Jewish kid and a German kid become friends against all odds.  (This is why the movie sucked because it was a simply implausible storyline).  That being said, at the end, the German kid, who's father was the commander of the concentration camp, sneaks INSIDE the camp and within 2 minutes is rounded up with the Jews, thrown into a gas chamber and KILLED!!!!   HAHAHAHAHAHAHAHAH. HAHAHAHAHAHAHA.  HAHAHAHAHAH.  HAHAHAHAHAHA.  HAHAHAHAHAHAH.....HAHAHAHAHAHAHAHAH!!!!!!!!!!

(Is that not just fucking great????)

Now I swear again, on my kids that as this happens, as the father is screaming "Bruno" at the tops of his lungs, and his mother on the outside of the camp hears her husband yelling--and knows her son is dead and falls to the ground crying.......there is a long very quiet pause in the movie....and at this point I am filled with mother fucking glee that the commanders son just ate it too.  I cannot contain myself and yell out, during this awkward silence where you can only hear the movie viewers of all ages sobbing....."TASTE IT!!!"    

That is right commander, taste my mother fucking cock jam down your throat as you realize your son just ate it with the 200 other Jews.    I wanted to scream out HA-HA like Nelson in the Simpsons, but Taste it just came flying out.

So I sat there, for the final minute of the movie, realizing that I felt better emotionally after seeing that than I have in fucking weeks!!!!!!

We went to dinner afterwards, where I could not help but smile all through dinner.  That and comment that it was the best Holocaust movie I have ever seen.

Think I am fucked up?  You REALLY need to get to know me.

--The Angry Trader.