Give Me Liberty!!!!

Give Me Liberty!!!!

Friday, November 20, 2009

Where are the construction Jobs you Promised?

I almost fell out of my seat a few weeks ago when the White House 'randomly' reported on the Friday before the key Gubernatorial elections in NJ and VA that the stimulus package had saved/created 1M jobs. I talked to a construction executive guy who told me "i wanted to throw my shoe through the TV when I saw the news."

Now we have the state unemployment data to look at. Some would assume this would be more accurate is its actually measured by claims and real data from real companies vs. the data collection system employed by the stimulus monitors that make up new congressional districts and double-count jobs that don't exist in the first place.

"Nearly four out of every 10 job losses in the Buffalo Niagara region came from local manufacturers and construction firms, which have been hit especially hard by the recession and tight credit markets."

"The region had 8 percent fewer construction jobs last month than it did in October 2008."

""The biggest job losses are in the manufacturing, construction sector and a disproportionately high percentage of minorities are employed in construction."

It's a joke. But have no fear, big Government is here. Soon we will have a JOBS SUMMIT.

And, not to be outdone, the House plans a Jobs Bill.

That's confidence inspiring. Maybe this is why Americans, by a count of 3-1, prefer tax cuts to stimulus at this point. And possibly why more Americans find themselves leaning Republican than they did even in the Bush years.

This social experiment didn't take long to unravel. Too bad it will take decades to re-ravel (if you will.)

Thursday, October 8, 2009

More Troops to Afghanistan NOW


Joe Biden must have lost his mind. I mean really. HE is the big foreign affairs guru that Obama had to have to help him navigate the world's political waters--his experience, insight and statesmanship were simply paramount, and today I read online that Obama is considering multiple options in Afghanistan, including possibly ceding some regions of Afghanistan to the Taliban. So it just had to be Biden who went a little batty, or was drunk in the war room when some of these HORRIBLE ideas were formulated.

Listen: I have told all of you out there for years now that the ONLY WAY TO WIN A WAR IS BY FORCING UNCONDITIONAL SURRENDER. Period the end. Any war we won, that is what we forced our enemies to do. (Gulf War I did not fall into a war we won, because we had to go back 10 years later and we are still there. That is a modern day Viet-Nam. )






Winning a war in Afghanistan is going to take a shitload more troops than we have on the ground now. It also means we need to use those troops more wisely than we have thus far. I do not profess to be a military expert but I do know sending men, vehicles and supplies through ravines in hostile territory not only sets us up like ducks in a barrel its NOT the way to run an effective war.

The biggest problem is in the modern age, killing is just not fashionable. Killing innocents is certainly not fashionable. However, in war there is no fashion. There is nothing but war. Therefore, we need to kill a lot people in Afghanistan. A lot. If Taliban are hiding amongst civilians, sorry, they all die. It has to be the way. You may not agree with it, but it is the very simple truth.

So here is the problem. Biden wants us to pull out all together. Obama knows he can't do that because he promised to do what really needs to be done. Catch and kill Osama Bin Laden.

Enough is enough. Right? One man and his merry smell men declared war on the United States of America, flawlessly executed acts of terror and we still have not caught him. Pulling out without getting our man would send the wrong kind of message to the world. We would be sitting ducks for terror attack after terror attack. Unfortunately, we are in this and we are not getting out until we get our man. So why is it so hard to go and get him? It has been 8 years since 9/11. If we don't get our man we will have many more 9/11's in the future.

--The Angry Trader

Tuesday, October 6, 2009

The Problem with Politics, The Problem with Washington

SNL summed it up all too well for me this weekend, if you have not seen this clip, highlighting how INEFFECTIVE THE DEMOCRATIC SUPER MAJORITY HAS BEEN SINCE OBAMA TOOK OFFICE, then check this out...

Saturday, October 3, 2009

You IDIOT!

After Tony Romo and Before Tony Romo

6:13pm Sept 14th, 2009 from TwitPic (Jessica Simpson):


"My heart is broken because a coyote took my precious Daisy right in front of our eyes. HORROR! We are searching. Hoping. Please Help!"


This was Jessica Simpson's twitter. Are you fucking kidding me? Fucking retard.

A Picture is Worth....


What is so hard to figure out regarding Afghanistan??


What the fuck is wrong with our country and our military? I guess really we have to ask what the fuck is wrong with our commander in chief? I purposefully did not capitalize those words, because he is letting the world down in a major way.



Look--let's be perfectly clear here: THE ONLY WAY FOR OBAMA TO WIN RE-ELECTION WILL BE TO EITHER CAPTURE OR KILL OSAMA BIN LADEN! Do you remember who he is? Here is a picture to refresh your recollection since it was 8 mother fucking years ago that he and his towel head motherfucking friends declared war on the United States of America.



Do you see this mother fuckers smirk? That is the smirk from a man who knows the current administration will not catch nor kill him. Why you ask? Because they want to play nice. They do not want unconditional surrender, nor any collateral damage wither physical, emotional or between societies. Fuck, ask ANY CAB DRIVER IN NEW YORK CITY WHERE OBL IS, AND THEY WILL POINT TO THE SAME PLACE IN PAKISTAN!!



So what really gives here? All we heard for two years was that we were going to pull out of the wrong war, and focus on the right war.....



Instead, we have focused on pulling out of Iraq and have completely dropped the ball on our other front due to the administration attempting to juggle 20 different balls in the air simultaneously.



Liberal associates of mine would argue that things are so fucked up due to 8 years of a Republican Jackass running the country and I cannot argue George W. did his share to add fuel to a raging fire, but we are talking about NOW. We are a month or so away from a full year for Team Obama having been in charge and in the last 4-5 months HEALTH CARE (which is the root of all quagmires and status quo in D.C.)has taken center stage. Perhaps Obama should read up on some history books, but the attempt to change the health care system in this country over the past 40+ years has only resulted in one thing: Failure for the President attempting to change same.



"Barack is different...he will make the change," you may argue. Fine. Here is a suggestion. Let's see real tangible evidence of a global economic recovery, real focus with strategic injections of our $800 Billion stimulus package developing green industries and creating long term jobs within that new growth area for the domestic labor markets, the residential and commercial real estate markets showing real signs of stability before we start fucking with health care reform


Do you get the irony here? All I want is Obama to be right...all I want is for him to win this battle he was handled. The problem is that he is so over his head right now that he cannot win given the fact that his current near term goals will mire him in a prolonged and it will tank his chances for re-election.


That being said, all he NEEDS to do is to find and kill OBL. It really is that simple. Nobody holds Obama responsible for the current economic situation and most I believe will continue to give him a free pass on it. So all he needs to do is lift this country's morale by hanging that mother fucker by his feet from a tree. Do you remember Ronald Reagan....anyone????
Just to leave you with that warm and fuzzy feeling, I decided to let you all see first how bad this war is just beginning to get
Now some actual footage from Afghanistan:
And some more....

Off my meds and PISSED AS ALL HELL!

(Anyone who shares a LIVE FREE OR DIE mentality is OK with The Angry Trader)
There you go folks. The Angry Mother Fucking Trader is back, with tons of venom to spew. Many of you have continued to rip me for not posting and to be quite honest, I have been very tired of writing the same shit over and over while the whole country enjoys this bullshit masturbation exercise wherein the Federal Government tries (and I say tries) to make it all OK.
Well sitting on the sidelines and not commenting has not made me feel one bit better! I am back baby and more pissed off than ever.

Have you noticed the following:
1. We are having tons of our troops killed in IRAQ again, even as we withdrawal?

2. We are NOWHERE in Afghanistan. We got not fucking clue how to handle that shit show (but the Angry Trader does).

3. All we do is mentally masturbate over health care.


4. Cash for clunkers drove demand, only to have it dry up at the conclusion of same? Will we see the same in the housing market when the $8000/home government incentive goes away in a few more weeks?

5. The dollar continues to trade lower?


6. The commercial real estate problem is just beginning to rear it's ugly head--and that problem is going to amplify current problems on multiple levels (employment, defaulting on mortgages for homes and other business loans as well...)

7. The level of anger in this country continues to rise by the second. It is ALL ABOUT US VERSES THEM!!! This issue is found on both sides of the political spectrum. Bleeding heart liberals who I know speak to me constantly using terms such as US and THEM when describing people who are either dems or republicans.


When will we see the real cracks in our society as classes begin to fight against each other? When will we see the first riots in our major cities? Tom Friedman wrote an op-ed piece http://www.nytimes.com/2009/09/30/opinion/30friedman.html?_r=1 in the NYT highlighting the cracks in this society and relates what he sees occurring in this country to what happened in Israel just before Yitzhak Rabin's assassination. This is scary shit people. It is real, and I do not want you all to end up having to tell The Angry Trader, of all people, that he was right.

I have written here many times that the Administration is a bunch of fantastic puppet masters. The puppet show continues in full force--What I hear now, is what I wrote about months ago--the NEW NORMAL. Smart people and smart money have already come to acknowledge that things will NOT be the same for many years. Why can't the President and all of his puppet masters do the same? Why can't they deadly honest? Without the honesty, wherein we all know what real deep shit we are in, we cannot get going, we cannot truly recover and we will only set ourselves up for YEARS OF STRUGGLE.

SO IN CONCLUSION, I AM BACK, AND REALLY FUCKING PISSED.


--The Angry Trader.

Saturday, September 19, 2009

Who's Really in Control - Dem's or Repubs?
























It's almost funny to hear President Obama continue to act as if he has an unchallenged mandate to do as he pleases. Nothing could be further from the truth.

I think its pretty clear which party is really in control in DC right now, and it's not the progressive liberal branch of the West Wing and Capital Hill; it's the conservative base of the conservative party that's having a field day.

Some would say that's crazy. What, with Obama having won the election overwhelmingly in November and the Senate and House holding commanding majorities over Republicans. But if the Democrats are so in-charge, then why, with such a commanding power position in DC, can't they get anything passed? Why does Obama have to go on 5 Sunday show's this week, some 5-months into the healthcare debate that wasn't supposed to be a debate because it was what all American's wanted, to plead his case? Why does he have to continue to take up prime-time TV slots to craft his arguments? (Quite note to Obama: Be careful. It's football season now and if you start messing with the early Sunday or Monday night games or the Thursday night games post-Thanksgiving, you are going to be in a world of hurt in the polls.)
The fact of the matter is that Obama ran a clever middle of the road campaign at an opportune time when America turned its back on George Bush and John McCain stuttered his way through a terrible campaign (see my posts from last year when I routinely criticized the McCain camp for this.) However, as American's have a reality check about the direction of the so called Progressive movement, which is vastly different than the tax cutting middle of the road campaign, they are supporting the 'minority' conservative movement in an attempt to stop Obama from destroying the fabric of democracy.

This past week I spoke for about 30 minutes with someone who works at the most powerful progressive DC think-tank, one that has provided several cabinet members, Czar's, and ideas for the stimulus bill, health-care, energy policy, and social policy. The conversation underscored the naivete of the Progressive movement. While I challenged this person on the risks associated with demanding the more Progressive components of the health-care bill, I was quickly corrected on the points of Obama's lost mandate: "It's not like he was going to stay at 80% forever (note: was he ever actually at 80%?), he still has a big support base (note: really? apparently his support numbers fell faster than any post WWII President), and "failure just isn't an option" and "I can't imagine a world where we don't get these issues passed because the real cost is the melting ice-caps and dying polar-bears...."

As I had this conversation, I realized why, for much of the past 35 years, Republicans have held a commanding position in DC with only intermittent periods of Democrat control of the House and Senate and White House; Republicans have common sense and are living in reality where adjustments are made and you legislate the people's will, not what you wish the people's will was so that you can change the world to your ideal view (I take full credit for first comparing Obama's tactics to Hitler last year when I compared his campaign style tactics to those used by Hitler to brain-wash loyalists.)

So as Obama pushes ahead with healthcare, and he will push ahead and probably sign some meaningless bill to claim victory or else he risks losing the support to move energy, the next public mistake, and transportation, which is at least somewhat supportable, he has to be wondering whether making health-care, the most polarizing issue of his presidency so early(did he even talk much about healthcare reform on the campaign trail?), was a mistake. Energy would've had a little more support, and he could have quickly followed that up with transportation re-authorization in September. And then he would've had the support necessary to at least stage a legitimate fight on healthcare.

I will be watching the Gov. races in NJ and VA to see what America's position on Obama really is right now. I doubt its going to be as favorable as he would expect. But it probably wont phase the President, who continues to live in fantasy world where he thinks this country is left-leaning.

Saturday, August 15, 2009

I was going to write...

How much I love town hall meetings. They are the fucking best. Yes, I said it...THE FUCKING BEST!!!.

Not only do you get to see the true America (and Americans) but you get to see outright how stupid and pathetic our elected representatives are. Take a look at the following clips and you tell me how in the hell these assholes are working in D.C. as representatives? But in searching this awesome thing called the world wide web (have you heard of it?) I came across video much more compelling which is quite supportive of my class war theory and concern. The video clips below are from a variety of town hall meetings discussing health care reform over the past several weeks. NOTE: some of the altercations are happening on the way into the meetings! Listen to the commentary....how each side thinks the other is un-American to the point to use physical violence against another! Houston....we have a problem!!













I am sure all of you saw the beginning of the next clip. A father with his son in a wheel chair confronts his representative and accuses the plan of limiting government aid to his son. What you did NOT see is the follow up interview where he makes some pretty wild accusations of harassment from the left for his actions. Watch him threaten to use deadly force against anyone he considers a threat to his family....

My point here? People are being stretched to the max. Just like the market's bubble popped, people are at the same point. They are on overload...and can't take much more. Fewer jobs, lower wages, less and in some cases NO savings, and now taxes, taxes and more taxes....









Look at this retarded bitch She is an elected official? This is how she takes control of a difficult situation? By talking over everyone else and not calling for decorum? What the fuck? Watch how the room splits on different
sides and how angry everyone is....

















Here is one final thought.....



So in conclusion, I LOVE town hall meetings. And...there is one huge mother fucking fight coming in this country....

Saturday, August 8, 2009

Reality vs. The Media


(above: fickle Americans warm to the F Goldman, F AIG and soon to be F OBAMA slogans of The Angry Trader)

As we hit the 200 day mark into the Obama administration's tenure some interesting poll statistics and commentaries surfacing. Here is a video from CNN yesterday highlighting their Poll wherein Obama is now receiving a C+ rating:

The New York Times, however has taken a different approach (one that included using knee pads to blow the President) and must be on peyote as their headline today reads, "As Economy Turns, Washington Looks Better." You can read the full B.S article here:

http://www.nytimes.com/2009/08/08/business/08leonhardt.html?hp=&adxnnl=1&adxnnlx=1249740091-EkLc9REcO8uUOHFdhPt2JQ

Let me say this--the economy is improving the way your stomach and bowels improve the day after you start to take stomach medicine, and you no longer have explosive diarrhea but now are just left with the runs every time you eat something other than plain bread. Got the idea??

Other polls out during the week highlight Obama's approval ratings have sunk to 50%: http://www.foxnews.com/politics/2009/08/06/obamas-approval-rating-drops-percent-poll-shows/

More interesting to me was the D rating a selection of money managers, economists and corporate CEO gave the president yesterday.


The harsh reality is the bloom is quickly coming off the rose. Americans have a low tolerance for pain and conversely want instant gratification. I know I do. Unfortunately that cannot happen given the current environment.


One last thought: Nancy Pelosi has become the "Where's Waldo" of the Democratic Party. She must be getting another face lift.

(first on Nancy's health care agenda: iron-clad, in writing, guaranteed 3X/year plastic surgery)




















--The Angry Trader

F AIG and F Goldman

It sickens me to constantly be reminded that GS is back to crushing it. Don't get me wrong--I am a capitalist and I play the game every day to make money.

However, when the playing field is not level, that makes for some unfair and interesting dynamics. It also really pisses me off.

AIG yesterday swung to a $1.8B profit. Are you friggin kidding me? This mutt should be dead and buried along with Goldman in adjoining plots. Darwin must be rolling in his grave.

Will the masses be outraged when we are mired in the years to come with no true growth? Will they be outraged as they watch America, the global empire shrink as China and India take the lead?

We all laugh at Brittan. We kicked their asses in 1776 and that was the end of the empire. Can't you hear the Chinese already starting to chuckle?Will the masses be outraged when we are struggling to understand a jobless recovery and high inflation? Will they even understand what stagflation is?I am already outraged. Why aren't you?



Past and present administrations messed with financial DNA. They altered "survival of the fittest" by doing what they thought was right. The implications are on the horizon, but it seems that few if any are truly seeing what is out there because of their rose tinted glasses.I do not hold any positions in any names mentioned in this article/rant.

Oh...and one last thing... F IRAN too!

--The Angry Trader

Tuesday, July 28, 2009

Memo to Obama: Israel Will Strike First

(Above, Netanyahu sizes up Obama like a wolf does to a sheep...)
I understand how taxing Obama's days are, how much trouble he has sleeping at night. I feel for him, I really do. I have even tried to cut him some slack lately. I am sorry to say, Mr. President, slack time is OVER.

Today in the New York Times Op-Ed section, Aluf Benn, the editor at large of the Israeli newspaper Haaretz wrote an extremely insightful piece. I am sure that you read it, but in the event you didn't, here is the link http://www.nytimes.com/2009/07/28/opinion/28benn.html?_r=1 .
The main point of Mr. Benn is that Obama does not get it. He does not understand the Israeli mentality and while his intentions are good and his focus has been on reaching out to the broader Muslim and Arab worlds in attempts to foster even broader discussions, he continues to overlook the only ally The United States has in the region. Israel.

In striking this course, Obama has assumed, I believe, that Rahm Emanuel (given his close ties with Israel and his apparent "super Jew status" would be able to help guide policy--and this has already shown to be a strategic blunder. Emanuel and the Administration, again...say it with me...."don't understand the Israeli mentality."

How do I? Who the F am I to espouse this type of knowledge? That is why I found the aforesaid article so insightful. That IS the mentality.

I think if you mix in some insight as to who Benjamin Netanyahu is...and what continues to make the clock tick, well it is a pretty easy conclusion to come to.
  • Israel is facing extinction. Period. The End. It is that simple.
  • Israel has the capability to blow all of Persia off of the map. Period. The End.
  • Israel cannot and will not allow Iran to possess nuclear weapons.
  • Israel will strike first. Period. The End.
Now let's go back to my earlier statements about not getting the mentality.
This particular paragraph from Benn's article can summarize where American policy makers are missing the boat:
"Third, Mr. Obama seems to have confused American Jews with Israelis. We are close emotionally and politically, but we are different. We speak Hebrew and not English, we live in the Middle East and have separate historical narratives. Mr. Obama’s stop at Buchenwald and his strong rejection of Holocaust denial, immediately after his Cairo speech, appealed to American Jews but fell flat in Israel. Here we are taught that Zionist determination and struggle — not guilt over the Holocaust — brought Jews a homeland. Mr. Obama’s speech, which linked Israel’s existence to the Jewish tragedy, infuriated many Israelis who sensed its closeness to the narrative of enemies like Mahmoud Ahmedinejad."

In further understanding Netanyahu, we need a brief history lesson, starting with Entebbe:

(July 3–4, 1976), rescue by an Israeli commando squad of 103 hostages from a French jet airliner hijacked en route from Israel to France. After stopping at Athens, the airliner was hijacked on June 27 by members of the Popular Front for the Liberation of Palestine and the Red Army Faction (a West German radical leftist group) and flown to Entebbe, Ugan., where they were joined by additional accomplices. At Entebbe, the hijackers freed those of the 258 passengers who did not appear to be Israeli or Jewish and held the rest hostage for the release of 53 militants imprisoned in Israel, Kenya, West Germany, and elsewhere. In response, Israel, on July 3, dispatched four Hercules C-130H cargo planes carrying 100–200 soldiers and escorted by Phantom jet fighters. After flying some 2,500 miles (4,000 km) from Israel to Uganda, the Israeli force rescued the hostages within an hour after landing. All seven of the militants were killed, and 11 MiG fighters supplied to Uganda by the Soviet Union were destroyed; the Israelis lost one soldier and three hostages during the operation. On the return trip the Israeli planes met an awaiting hospital plane and refueled at Nairobi, Kenya.

Wanna guess who the one Israeli Soldier lost was? Go on....try....guess.... Jonathan Netanyahu. That will help shape your vision of oh....security, fighting terrorism, preserving your independence...well you get my point. Netanyahu will not sit by and watch Iran complete their nuclear tests, trials and ultimately complete their nuclear programs.

Here is a link to an article written by Jeff Goldberg writing for the Atlantic (whatever that is..)http://http//jeffreygoldberg.theatlantic.com/archives/2008/11/rahm_emanuel_and_israel.php

Goldberg more than insinuates that he an Emanuel are friends. He also talks about how Emanuel will stand up to Netanyahu. Ha! Just before Netanyahu was sworn in as Prime Minister, he made the following statement to the same Jeff Goldberg:

“The Obama presidency has two great missions: fixing the economy, and preventing Iran from gaining nuclear weapons,” Netanyahu told me. He said the Iranian nuclear challenge represents a “hinge of history” and added that “Western civilization” will have failed if Iran is allowed to develop nuclear weapons.
In unusually blunt language, Netanyahu said of the Iranian leadership, “You don’t want a messianic apocalyptic cult controlling atomic bombs. When the wide-eyed believer gets hold of the reins of power and the weapons of mass death, then the entire world should start worrying, and that is what is happening in Iran.”

History teaches Jews that threats against their collective existence should be taken seriously, and, if possible, preempted, he suggested.
DOES THAT SOUND LIKE A MAN WHO IS GOING TO GIVE ONE INCH ON THIS SUBJECT? Does it sound like he is going to wait or take a first strike approach.
Any conclusion other than, Israel will take matters into her own hands preemptively, is wishful thinking and extremely faulty logic.
As an aside, that dope Jeff Goldberg, Big Ass writer for The Atlantic, agreed with Netanyahu's comments! Laughable. You can check out the hypocrite at http://santitafarella.wordpress.com/2009/03/31/benjamin-netanyahu-to-barack-obama-stop-iran-nukes-or-i-will/ .


(Not willing to go this far, YET)





F IRAN!


--The Angry Trader.

Sunday, July 19, 2009

Why Going Green Costs Too Much


So we and by "we" I mean my wife, myself and my family have been doing our share to fight global warming and climate change. I am sure many of you are snickering and making off the cuff comments about what I might do to help out. However the reality is that we have our own composing machines, we use LED's in our home for general lighting (where permissible--general lighting solutions based on LED technologies are still WAY FAR BEHIND that of the old Edison bulb in terms of quality of light and abilities to dim etc.) and we have had a hybrid SUV for several years.

I love the hybrid SUV. Toyota Hybrid Highlander. It gets over 28 mpg on the highway, runs on batteries half the time my wife uses it to drive through town and greatly reduces the CO2 emissions from its tail pipes. That being said, the care was expensive as all hell, and it is a Toyota. I am not talking about Mercedes, or a Lexus SUV, but Toyota was able to jam it to the consumer with their battery technology and they also are the only hybrid with a third row for all the kids and all their shit.

The car a few years ago was running in the high $40,000's. Fast forward a few years later, the lease is up and the dealers are now looking for more than $55,000 for a version that has in dash navigation and satellite radio. MORE THAN $55,000.00!!!! FOR A FRIGGING SUV!!!! The non hybrid goes for a mid $30k price tag.

So what the F gives? You want to be green, you try to do your part and the system is still there to jam it right where the sun doesn't shine. Well F that.
I told my tree hugging wife that we are going with style and functionality at a reasonable price. If that means killing some polar bears because our emissions melt the remaining pieces of polar ice, well screw it! We are not dropping an extra $20k for a stupid battery pack in our car trunk any longer.

When will the world governments figure this out? Plenty of people want to do the right thing but would like to do so in a fair and rewarding system. Nope. Screw you American, we at Toyota will take every last cent from your American wallet. Well isn't that a nice kick in the teeth.


Our response? Hybrids that get 20 mpg on the highway. I mean come on. Are you F'n kidding me? 20mpg and you slap a "hybrid" label on it and you expect that to matter? Yes, I understand that there will be green house gas reductions from the technology. However, let me go back to my point here...20 mpg???? JOKE. That is the American response and it is totally pathetic. Take a look at the stats below, which highlight my complete frustration.










So in conclusion let me say I soon will be styling in the cool comfort of a high end NON hybrid ride. F that. I will take the extra $20k, save half and put the difference into something that will make me smile every time I get in.
Thanks Detroit. Thanks President Obama. Thanks Japan.
You all suck.
--The Angry Trader

Wednesday, July 15, 2009

Cross Currents Galore

What an explosive few days. First GS and then INTC ripping to shreds street estimates and even the most bullish street whispers. I thought we had a shot of being up well more than we were today as many of my associates were shorting the tape heavily over the past several weeks. It seems that the sluggish basing we have been doing for weeks caused some angst if you were net long.

Goldman's print was more than impressive. However the reality is Goldman should not exist any longer. I have written this many times, but again I have to remind all of you how our past and present Presidents have totally screwed up capitalism as we have known it. AIG and Goldman had financial ties and vested interests in each other's businesses. We all know that they needed each other equally. The past Administrations both decided that firms were too big to fail and it was easy to write AIG a check, which in turn bailed out Goldman. Un-Acceptable. Completely. Even Fox Business went off on this.....




We talk about moral hazard. No shit. How about moral outrage!!!



INTC was more than impressive. Revenue, margins and the bottom line all beat the best of expectations and guidance was good enough. It ignited today's rally (no shit).



We shall see if some of the assumptions INTC's customers are making about a continued improvement through the remainder of the year hold water. It is clear that the consumer has begun to spend again, the question remains will this slow or improve and to what magnitudes.



Today felt good, so I will not shit on the continued bullish sentiment. I will only remind you all that during the Great Depression there were 3 50% rallies before the market finally found a bottom. Hope springs eternal, but we are quickly approaching fall and then winter.



So in a nutshell, F Goldman, Bush and Obama! F them all.



Yes, I am very angry tonight.



--The Angry Trader

Wednesday, July 8, 2009

Palin Calls it Quits

I am limited by time in terms of ranting about this moron as well. In fact, perhaps she and dopey Joe should both compete in some type of IQ competitive testing....Here she is praying that whatever it is that FORCED her to quit does not come to light.

Some quick video of the shocking event....

How great is she???? I mean really....ARE YOU KIDDING ME??????

Here is a video from MSNBC (I try to use all of the news outlets...) saying that there is some type of criminal investigation going on with Palin..

Listen: I am a BIG where there is smoke, there is fire guy. 3 years of law school will do that to you. The smoke came out over the weekend, now it is just a matter of time before we find the fire. Trust me on this one...

OOOOPSSS...He did it AGAIN!

Well, our dopey VP, Mr. hair plug himself, once again opened his mouth and inserted his foot. He did not just take the toe in, he took the whole size 11 down to the ankle if you know what I am saying....

Sunday morning big Joe comes out with "we might have misjudged how bad things were" commentary, if I may paraphrase. Here is Dopey Joe setting the stage to eat his foot
Here is another clip from this genius.






As a good friend commented to me this weekend, Joe B. has a mild grade fever IQ:







HEY JOE--ARE YOU KIDDING ME???? I MEAN ARE YOU SERIOUS??? It is time to remove this complete BOZO!!
Our genius President has to stop his foreign trip to make comments to the press to the effect of, "no...Joe did it again. That is NOT what we want to convey to the American people. We want to say, "things were so much worse than we were led to believe..." Right. Gotcha. Do you think it is a coincidence that there is NO footage of Obama saying that Biden is a moron out there on the web?

In a nutshell, here is the scoop: You ALL have been DUPED!!! The Administration has lead, as I have alluded to in prior posts (see "Puppet Masters") us all to believe that things are getting better. "We are no longer at the edge of the cliff staring into the abyss" our President said several months ago. The market has rallied and so have 401K's. That is the key. The 401K.

Think about it....If the market lifts, so do people's investments. Every month you see if you are making or losing money. If you are no longer losing money you feel better. If you are making money, you feel a lot better. People have felt better. So much better that you do not hear the griping of last summer as a gallon of gas quickly approaches $3.00/gallon.

I just do not see how that will continue. The word out of Asia is that the back to school selling season of computers and CE's is and continues to be "muted". Muted. That is just great. Asia is also saying that there is NO enterprise spending going on.

Now how in the wide wide world of sports rally if overall end market demand is muted? If expectations are not met in the coming weeks, as Wall Street plows through earnings season, the market will be under some serious pressure.

The Joe B commentary followed up by other lib's saying we may need a second stimulus package also highlights how bad the economy is. This Administration cannot spend the money in the first package fast enough (they have spent about 10% of it so far) and now they are prepping us for the second. THAT CANNOT BE GOOD PEOPLE!!

Couple it all together as unemployment continues to rise and we will not see the consumer which accounts for 2/3 of GDP here in the new Rome, spending as many believe they will by the end of 09. Hell, the CEO of AMEX today said he does not see real GDP growth until some time mid to late in 2010. This is a guy who has a real good feel for what is going on out there.....

Back to the 401K's--if the market begins to roll, the momentum trade will be down, and down big. 401K's will begin to shrink again. People will begin to feel poorer and spend LESS. Not a Rosy picture for a Q4 recovery...but a beautiful set up for a new leg down, and new lows.
Sorry to be the bearer of bad news, but this Administration has been playing you like a cheap fiddle and they are setting you up again... You have been WARNED!!
--The Angry Trader.

Tuesday, July 7, 2009

Who Gives a Flying Rat's Ass?

First off, my apologies for not blogging in several weeks. I know, it is not cool and there really is no excuse. With that said, I CANNOT BELIEVE WE ARE STILL TALKING ABOUT MICHAEL JACKSON!!!!! Seriously, you would think that we found him with a harem of 10 year old boys back at the ranch or something. People! He Died! Control yourselves and get over it!

I love google images. I really do. There is NEVER a shortage of images for me to slap down on these pages, regardless of the subject or the bizarre queries I send. Today I typed in...evolution of Michael Jackson. Here are the wonderful images it supplied. When you look, it is IMPOSSIBLE not to be shocked at the transformation. Come to think of it, after Thriller, where he was still looking black, his music was never the same and it seemed to deteriorate at a faster rate as his skin color grew lighter and lighter. Interesting....
Anyway, here are the images, enjoy.
Ahhh--the "old" Michael. The one with raw talent that would soon explode onto the world stage....
















Still black!!! And with one of the greatest albums of all time.























The TRANSITION begins. WTF did this guy do to himself? How can that be the same person???




















The EVOLUTION continues.....















and continues....clearly he is NOT human any longer.....






















"EARTHLINGS....I COME IN PEACE....I MEAN YOU NO HARM....." Clearly this was one f'd up dude.




















--The Angry Trader

Monday, June 15, 2009

Our Eye is NOT on the Ball!!

This weekend's election, or lack thereof in Iran was particularly interesting to me. First and foremost you need to remember my thesis for solving the Middle East problem---Giant fans and a shitload of nukes. If you do not know what I am talking about....get to reading the archives!

That being said, the picture, below is of the MOST interest to me. Why? Well, as I often do..let me use the Socratic method and ask you the reader this question: What the F is wrong with this picture?

  • Morality? WRONG
  • Violence against innocents? WRONG
  • Innocents being caught in the midst of civil unrest? WRONG!!!
It says "POLICE" on the back of that towel head's uniform. The last time I checked, English was not the language of Iran. So WTF is going on here?

It makes me think of the bad guys playing with the good guys uniform over in Iraq. You know--the bad guys look like good guys, because they have STOLEN UNIFORMS, slip into the police station and then detonate themselves thinking they are about to get 8 million virgin whores and a pot of gold,killing anything nearby.

What in the wide wide world of sports is going on here? How is it that the Iranian police department are wearing standard SWAT issued American Gear? Could it be STOLEN???

Perhaps the administration we can draw some connections here and start to actually make some Mid East policy. Perhaps this administration can understand that whomever ends up running Iran, they cannot be trusted. Perhaps Hillary can get off her big fat ass and do something.

--The Angry Trader.

Tuesday, June 9, 2009

Lies, Lies and More Lies.

I thought to myself today....we are 100+ days into the new Administration and if you listen to mainstream media outlets you would think that President Obama is the greatest thing since sliced bread. You read yesterday's post where I highlight my concern that what is going on in terms of Government spending, Government printing of money, and Government taking control of private industries is nothing more than a masterful puppet act.

Taking one thing further, all we have heard about is what the President has done so far. I wondered to myself, "what hasn't he done?" What campaign promises has he broken that we simply do not hear about. A short list is below.
  • Transparency in government five-day online availability prior to voting on bills in Congress.
  • Closing Guantanamo
  • Tax cuts for the middle class
  • Promises to not raise taxes on those making less than $250,000.

These were BIG campaign issues. The left will say he has too much on his plate. They are right. It takes a lot of time to spend $800 BILLION!!!


Take back your country before you don't have a country any more!!



--The Angry Trader










Monday, June 8, 2009

The Puppet Masters

Perhaps I am stating the obvious...

I am so sick of the liberals and their tiresome banter about how suave, sophisticated and eloquent Mr. Obama is. I am sick and tired of hearing what a great job he is doing since taking office. I am sick and tired of hearing how it all is George W.'s fault.

The reality is, this administration is walking the mother of all fine lines. While they struggle to maintain their balance, they continue to masterfully orchestrate the greatest mind fuck and puppet show of all times.

Listen--as my long time friend, P.B. told me this Saturday night over some authentic Soprano Country Italian, "Bernanke, Obama, Geithner.....I bet they all did great in school and did great on their SAT's. However, between the 3, they have no idea how to run a business, let alone handle the finances of the economy." I could not agree more. Book smart--is not going to bring us out of this--what is will be a true understanding of cause and effect coupled with a real fiscal and monetary policy.

The most simple fact is printing money, NOT creating net new jobs, and rising inflation will ALL combine to cripple this country and our economy over the next several years.
Let me ask you this, sports fans: Do you feel that our financial crisis is over? I bet at least half of you do...in fact...this will be the new pole set forth on the right side of this posting. Let me point out that this author answers the aforesaid question with a resounding "NO."

look at the putz above, being harassed by middle aged women! Schmuck!!

Let me explain why:

1. On Friday, that genius and voting member of the FOMC, Janet Yellen commented: while buying MBS and US Treasuries got off to a good start with yields heading lower, "there is a lot that central bankers don't know about the magnitude and duration of the effects of these policies." Moreover, she commented, "our standard monetary policy models do not incorporate financial frictions that lead to asset purchases having real effects."

The genius, Yellen, continued by saying, "we lack both the data and theory to provide strong guidance on these policies" and "we are sailing in uncharted waters, marking our maps with every bit of information along the way." HUH?? Are you kidding me?


This has to be a CLASSIC example of being "book smart" and then being unable to translate that skill set into being effective at your job. "Uncharted waters, and marking the maps along the way?" How many ships were wrecked in the 1400-1800's by sailing into uncharted waters? Answer: A shitload. The statements from Yellen, a Fed voice piece, clearly are beginning to highlight that they need to back off assertions of a real turn around. This is a classic hedge being put in place so that if things turn south again, they can fall back on the "we tried all we could but we are in uncharted waters" commentary. What a pathetic joke.

This had me upset Friday evening and all day Saturday. Then in the NYT yesterday a very interesting piece showed up in the OP/ED section: It was called, "The Economy is Still at the Brink."

more kool-aid tim? sure mr. bernanke! you're my hero!!!!
This was extremely insightful and highlights how the Administration is making you feel good with their commentary but has done little to nothing in terms of really changing the landscape to foster growth and recovery. The authors point out the following:

1. All of the Government programs (TALF, PPIP and the stress tests) all appear as if they were designed to cover over or prop up a system that has clearly failed. The new systems will save the banks and other financial institutions that are rooted in the cause of the near systemic failure of the financial system. The authors point out that during a period of deflation (we are in one now) any recovery will come by restoring the confidence of the people at the bottom of the pyramid, not the CEO's at the top. There has been nothing done for Joe the Plumber. Rather, the Government saved, AIG, Goldman Sachs, and Citi.

2. This leads to consumer confidence: There will be no confidence, as I have articulated repeatedly, until jobs are found and mortgages can be paid. We are a long way off from accomplishing either of those tasks. Moreover, do not let last week's unemployment numbers fool you into a false sense of security. The numbers had some funky tweaking in them and most importantly, a loss of 350,000 jobs does not mean ANYONE is finding new employment. Expect unemployment to break above 10% by the end of the summer.


3. FEDERAL officials and leaders are deciding who shall live and who shall fail in an economic environment that just highlights the unfairness and favoritism that is pervasive in the D.C/Wall Street back rooms.

4. Most interestingly to this author is the point the NYT article makes about the need for "experienced traders--not hothouse flowers--who design incentives that will encourage the market to have buyers and sellers determine asset valuations, not the Government."

This all sounds shockingly similar to my friend P.B's comments Saturday evening. It also gives me no confidence that the Administration can continue to walk this fine line while orchestrating every move of the puppet. It is inevitable that the puppet masters end up having all of their perfect strings become knotted, leaving the puppet to collapse on stage. I hope you have your flack jacket on when that shit hits the fan.

--The Angry Trader.

Wednesday, May 27, 2009

Gold For Sale

So check this out---

I talk about guns and GOLD all the time, but something my wife passed on to me last night really shocked my senses. A JAP (Jewish American Princess) is having a "Sell Your Gold" party. Here is a copy of the email that my wife received. All that is changed is the sender and recipient information and the sender's home address and name have been removed:

Collect all your BROKEN, OUTDATED, UNWANTED jewelry and bring it over for CASH on the spot!!!

The jeweler is a reputable jeweler from the area who pays top dollar for your unwanted jewelry!!!

This party is fully catered by the jeweler and cocktails will will served!!


Go through your drawers and collect all your old jewelry and walk out with CASH!!!


Tell your friends!!!

Please rsvp if you are coming!!
A big JAP
888-555-1212
call with any questions!!

Tuesday June 2nd
6:00-8:00 pm


1212 Mocking Bird Lane


Somewhere NJ
Friggin scary, right? I mean...I know these Prima Donna's and for them to be selling their gold jewelry....even if it is broken or they do not wear it....it means even they are feeling it. Now I suspect these "princesses" are going to take their hard earned cash and spend it on new shoes and bags but the fact remains: they are selling their jewelry for cash. That is a horrible sign. Simply horrible.

Build your cash and gold positions my friends.....

--The Angry Trader

Monday, May 25, 2009

Facts Don't Lie

Mortgage foreclosure is so passe. I mean really. REALLY!!?????

Is it? Is it so last year to worry about mortgages? Try telling that to the new wave of foreclosure candidates...those with prime mortgages. These are the poor folks who have lost their jobs for no reason other than 1. their company f'd up pretty badly, or 2. their company is directly affected by reason #1.

I stole this quote from the New York Times today..., “We’re about to have a big problem,” said Morris A. Davis, a real estate expert at the University of Wisconsin. “Foreclosures were bad last year? It’s going to get worse.” REALLY..?.?.?!

I found all of this in the NYT as well:

"From November to February, the number of prime mortgages that were delinquent at least 90 days, were in foreclosure or had deteriorated to the point that the lender took possession of the home increased more than 473,000, exceeding 1.5 million, according to a New York Times analysis of data provided by First American CoreLogic, a real estate research group. Those loans totaled more than $224 billion. REALLY??!!!!!
During the same period, sub prime mortgages in those three categories increased by fewer than 14,000, reaching 1.65 million. The number of similarly troubled Alt-A loans — those given to people with slightly tainted credit — rose 159,000, to 836,000. Over all, more than four million loans worth $717 billion were in the three distressed categories in February. This was a rise of more than 60 percent (in dollar terms) compared with the prior year. Really...

In February of this year the Obama Administration announced a Federal program, where the government is to spend $75 billion on incentives for mortgage servicing companies that reduce payments for troubled homeowners. The Treasury Department says the program will spare as many as four million homeowners from foreclosure. However, three months after the program was announced, a Treasury spokeswoman, Jenni Engebretsen, estimated the number of loans that have been modified at “more than 10,000 but fewer than 55,000." REALLY?!?!?!?!

In the first two months of the year alone, another 313,000 mortgages landed in foreclosure or became delinquent at least 90 days, according to First American CoreLogic.

They poke fun now, but I am all about guns and gold. Preparations for the new bunker are under way.

---The Angry Trader.

What is "Normal"?

The market has been ripping. So why are Wall Street professionals unhappy? Why is the misery factor as high as it was last November and this March? Irrationality. The market has NOT been behaving properly and this has killed another round of professionals just in Q109.

Without getting into specifics, winners last year--are losing BIG this year. Fundamentals are only slowing at a slower pace....not getting better. Shorts who know this have been taken out on stretchers because as fundamentals continue to weaken, stocks have ripped higher. This is the second derivative call and play that many spoke about early in January. There is however, a major flaw to this in terms of a longer market rally.....what if what we have see is it...or things only get marginally better....and what if they get marginally better for a long time?

So as every market is up big from March, the next question must be....what is the new normal? During Q1 earnings season, we heard the same general messages:

Profits better than expected on weaker revenue lines but strong cost controls have driven bottom line numbers higher than exceptionally depressed expectations. Moreover, companies have trimmed head count and utilization rates in such dramatic ways that any uptick in a restocking will send many back to work, and turn on silent production lines. The question is...is this sustainable?

My suspicion is no, unfortunately. Consumers are still strapped and given where they are now...they still are in no mood to spend. Will seeing their 401k's go up in Q1 help them feel better? Absolutely. However the rate of spending that is needed to drive the economy higher is a friggin pipe dream.

Housing prices have still not bottomed. What we see being sold are mostly homes in foreclosure. Not real sales. Real sales are happening but at a slow pace. Moreover, when they do occur, bids are well below asking prices. Bids are being hit...or a period of negotiation occurs that favors the buyers--due to the significant amount of inventory on the market.

This drives the ask down across the neighborhood and community. As these prices continue to come down...they weigh on pricing of homes across the community. A $1,000,000 home that sells for $875,000 or $925,ooo will force the homes in the $9ook and $800k price ranges to fall...

This will continue to occur and it will happen across the country for several years to come. As it does, consumers will again have LESS and will be forced to spend less and save more. This combination will not permit global economies to levels we saw in 2007 for several more years.

You see...we will NOT return to normalized numbers...not sales or earnings and this will keep a lid on the equity markets for a LONG ASS TIME.
Feel better? Don't shoot the messenger.
--The Angry Trader

Line in the sand--Lock them up and throw away the key!

I am no Dick Cheney fan....but he nailed it this week in his remarks about Guantanamo Bay detainees. The simple reality, according to this author, is that if these prisoners are EVER released, they will simply go home and begin plotting harm against America, the West and America's allies around the world.

Take a look at Israel. Our ONLY ally in the Middle East. Did I mention Israel is America's ONLY ally in the Mid-East? OH, right....sorry...cause it is pretty important.

Israel says they do not torture their prisoners. Having said that, Israel also comments on a daily basis that they will do anything and everything they can to continue to provide the highest level of security, and peace within Israel proper. You know what that means?

It means when they get a really bad guy in captivity--they torture the shit out of him. They do unthinkable things to him. Why? Because they NEED to know what the bad guys are up to. Without that information, obtained via torture there would be no more Israel. If they stopped using extreme tactics to obtain information, it would be only weeks before Israel was attacked in ways the world has never seen. The use of torture, and other unthinkable measures keeps Israel one step ahead of their enemies. Without it, they would be fighting blind, against a raging mob and the party would surely be over. Of course, they can just use or sodium pentathol at times, but torture also sends a powerful psychological message to your enemies.

Here is a clip of both Cheney and Obama speaking out on this issue during the week. Let me say again, I HATE Dick Cheney. So yes, he has that evil smirk on his face when speaking, but look at how Obama also has a particular "look" during his remarks. His smirk says, " I won, I am right, and I will continue to highlight this." It is a look of patronage and one of mockery.








The problem with this of course, is that if we release these captives, they will return home and begin their own Jihads. NO--THEY WILL NOT RETURN TO THEIR HOMES AND LIVE NORMAL LIVES. They simply will not. This may be one of those times our Country must pay for a long time for crimes committed against human beings....but we cannot release these men back into the global population. These guys are on the same page as serial killers. We all know we would never believe a serial killer has been rehabilitated and would welcome him/her back into the general population. The same holds for these America hating Jihadists hell bent on destroying all of us.

My last point is one Cheney makes as well----the release of these prisoners will leave our country vulnerable to attack. How? Simple--these men upon returning home will not be hero's. They will be received as Gods. They will bring their already massive amounts of hatred towards the West back to their homes, and turn hundreds if not thousands more minds into jelly and then teach them that ALL if their problems, the whole world's problems are the fault of America, Israel and the rest of the West.



Lock them up, throw away the key, and let us all continue to be safe.

--The Angry Trader.