Leonard The Monkey

Click here to see the Circuit Breaker Graphic

It's great to be getting all these great values, even if it feels like your getting kicked in the nutz every time you buy one.

Saving half my powder for either some just un-awful economic news that is actually meaning full or S&P 800 - just a question of which will come first.

Buying more VNR in the 9's.

Starting position in TPL at 33.

Buying UYG and XOMA.

Down to 60% cash which I'm going to try and hold onto to SP 800 but it won't be easy.

The Panic of 1873 - The Real Great Depression

UYG around 16

VNR low 11's

Getting a little longer.

The FDIC has to let this deal go through if they are going to what they said they were going to and that is - "what is best for the markets"

Let's see let C take them over and saddle the government with a ton more of debt or let Wells Fargo buy WB at a premium and take on all the debt themselves.

I have a hard time believing that the C option is the right one.

Well that was fun.

Back to sleep.

This thing better pass or else look out below.

I'm not doing anything crazy today. I am picking up some more XOMA at 1.79

Pelosi didn't attack the Republicans at least.

Here we go....

Click here to take a look at the markets September Madness Brackets

Well apparently I should have held on to some of those shorts or at least paired some QID with my GOOG. The end of the world and I'm 15% long and 85% cash. With 85% cash I'm still getting a little nervous about all this. Deflation sucks.

I've been looking at a variety of Puts but they are all stupid expense with the Vix at crazy high levels.... soooo I'm just going to wait until we are at the very cusp of a complete system failure and then go 150% long. FCX, GOOG, CMP, NOV, JPM, CSCO will be where I head first. Then the RICK, AIR, FWLT low PEGers will be next. Till then tell Cramer to stop pumping my MLP's as that's all I'm adding to at the moment and even there I want another 10% down.

That way I am either going to get silly rich, or all of the money that I lose wouldn't have been worth anything anyway, as the only things of value will be food and barnyard animals. I have already stocked up on food, rum and ammunition so if the world does end I'm ready for it.

Off to drink Rum and watch some debates while contemplating what to name my goats...

Not that we don't have enough this week. The senate passed the bill by a wide majority despite my objections to the Rum tax. You win some you lose some.

AA is a disaster even in good times.
ZZ - good luck with that one!

MON - After the MOS numbers this group is getting killed no matter what.

RT - Are they still solvent?

CVX - probably doing just fine if not better

GE - these guys already foretold it's not going to be pretty but with Buffet and a bailout of the banks on the table I don't see them breaking $22 unless the market takes a dramatic dive.

Tuesday

AA ALCOA Inc Q3 2008 $ 0.61 7-Oct
ZZ Sealy Corp. Q3 2008 $ 0.08 7-Oct AMC
YUM Yum! Brands, Inc. Q3 2008 $ 0.54 7-Oct AMC

Wednesday

COST Costco Wholesale Corporation Q4 2008 $ 0.92 8-Oct
MON Monsanto Company Q4 2008 -$ 0.13 8-Oct
RT Ruby Tuesday Q1 2009 $ 0.11 8-Oct AMC

Thursday

CVX Chevron Interim 2008 n/a 9-Oct AMC

Friday

GE General Electric Q3 2008 $ 0.48 10-Oct

Monday, October 6, 2008

No major economic indicators scheduled.

Tuesday, October 7, 2008

7:45a.m. ICSC Chain Store Sales Index For Oct 4:
8:55a.m. Redbook Retail Sales Index For Oct 4:
2:00p.m. Sep 16 FOMC Minutes:
5:00p.m. Aug Consumer Credit: Previous: +$4.6B.

Wednesday, October 8, 2008

10:00a.m. Aug Pending Home Sales: Previous: -3.2%.
5:00p.m. ABC/Wash Post Consumer Conf For Oct 4: Previous:

Thursday, October 9, 2008

8:30a.m. Initial Jobless Claims For Oct 4 Week:
10:00a.m. Aug Wholesale Trade: Previous: +1.4%.
10:00a.m. DJ-BTMU Business Barometer For Sep 27:

Friday, October 10, 2008

8:30a.m. Aug Trade Balance: Previous: -$62.2B.
8:30a.m. Sep Import Prices: Previous: -0.3%.

I will urge my Congressman to vote against this bill until they take out the unbelievably idiotic add on's.

Specifically the increase of taxes on Rum.

Unacceptable. I have to live through the worst banking crisis of my time and pay more for rum! I didn't vote for any of you, bastards.

This will pass because every shady politician is going to attach a personal pet project to this thing... that's politics.

But Rum?!?

Yes, my broker called this morning to make sure I knew what had happened to my GOOG. Sucks. Somebody sent me this from a trader in GOOG last night that made me laugh about it:

Look at the crime that is happening in the nasdaq!!!!!
please look at a day chart of goog. here are the facts:
goog opened the day at 395
and traded from 395 to 416 thru around 3:50pm
at 3:50pm craziness ensued. some douche-@#$%$ institution or HF fucker
put in a ridiculous buy, followed by a ridiculous SELL order in goog.
and the stock RIPPED to 489
then TANKED to 200
and closed the day at 341
it is now 4:12pm and goog is trading at 403 in after hours.
and what is gonna happen???? the fucking mafia @#$%$ at nasd are
GUARANTEED to break EVERY SINGLE trade in goog from 350pm till
probably now. they haven't announced it yet. but 10000000% says they
will within the hour.
why would the nasd break GOOD and ACTUAL trades you ask? because
these fucking fucks (i'm sorry but i'm livid) reward the big behemoths
funds and institutions and treat the lil guys like me and my
colleagues as their personal bitches. we traded against this move in
goog. we sold into the up. we bot into the dip. we RISKED our
fucking cash to make money. and sure enough, we did make money. but
we will be wrongfully fucked OUT of our profits when WE TOOK the risk
to trade this fucking piece of shit stock.
sure, some order monkey at one of these firms probably went to buy 10M
goog instead of 10K goog. maybe he did? maybe he didn't. but that
should be the nature of this business. trading is UNFORGIVING. buyer
beware right????? not in this fucking communist fascist pay-off
vandal fucking mafia business.
i'm beyond irate. beyond. u dont understand HOW FUCKING often this
shit happens and we're the ones getting fucked. u know, when i buy
100k of a stock and i only mean to buy 10k of a stock, u know how much
recourse i have? take a guess will you!!!! NONE. FUCKING NONE.
yet these @#$%$ fucks are granted complete and total diplomatic
immunity to lie, cheat, steal and murder any given day of the week.
fuck them. fuck nasd. fuck u all (well not u carney - heart u).
post this email if u please. i care naught. just remove my fucking
name. i don't want them knowing who to go after when i burn down the
fucking nasd building (kidding. just kidding folks!!!)
f u all u fucking @#$%#$% fucks!!!!

6% gain on the day.

In this market I'll take what I can get and not press it.

With the govt meeting again tonight, fool me once...

I'm more then fine with taking profits.

This may help to sustain the financial rally into tomorrow.

Picking up some UYG

Update: Nasdaq

Nasdaq said Tuesday afternoon that it has cancelled certain trades made on shares of Google Inc.
GOOG 320.50, -60.50, -15.9%) minutes before the closing bell Tuesday. In a statement, the exchange said it will cancel all trades on the stock at or above $425.29 and at or below $400.52 that were executed between 3:57 and 4:02 Eastern. The exchange also said it will be adjusting the Nasdaq Official Closing Cross (NOCP) and all trades executed in the cross to $400.52. The decision came after data late in the trading session seemed to indicate that shares of Google - which were trading up about 8% for most of the session - fell between 10-16% in the final minutes before the closing bell. The statement from Nasdaq did not gie a reason for the other trades.