Wednesday, September 21, 2011

Wednesday cinema & library (updated Thur 200 am HST)

2:00 pm (Hawaii) Watched Fast Money on the DVR and was surprised just a bit that Dick Bove is back to shilling for the banksters. A few weeks back he said the market was in trouble, flat out bad place to be. Now he's touting Bank of America without a trace of shame. The FM guys blistered him about the tens of thousands of layoffs and the sellout deal with Buffett. But it's clear Bove is playing a bounce to come. BAC closed near its low at 6.39.

The banksters on my Debt Spiral list all closed near lows of the day and it'll be rather easy for them to drop below recent lows. For BAC, that would be 6.01. FAS (11.17) has already traded below the recent low of 11.34. These are borderline criminals and it shouldn't surprise anyone if they hatch something to save their stock prices near term. Longer term, they're going lower. They got the White House to give them trillions over the table and under the table. They're hoarding most of that cash. They pissed off the WH, they pissed off the general public, and they've passed on their toxic assets to Euro banks. They're running out of places to hide.

Seeing Whitney Tilson on FM is a little funny, a little sad. He was right about NFLX long term. He just didn't know it would go to 300 in the meantime. Now that NFLX has gone from 200 to 130 in days, he is probably past the point of remorse.

(new) Scott Bleier: You want a trillion? Ok, maybe at Dow 10k... (Sept 21)
(new) Le Fly: Bargains or value traps? (Sept 21)
> "They are all showing signs of extreme panic. Incidentally, extreme panic leads to jubilation, as bottom feeders eat the carcasses of those being liquidated via margin calls."
(new) Le Fly: Dr. Obvious: We're in a bear market (Sept 21)
(new) Le Fly: Operation Make Me Sick (Sept 21)
> "This move to the downside is especially worrisome because it is occurring at oversold levels. We could get a real fucked up sell off soon, firmly placing us in the 4 digit range for the Dow. ... pricing in a recession puts the S&P at 850 to 900."
(new) Le Fly: The greater recession is upon you (Sept 21)
> "Look at WLT's earnings warning today. That is unassailable proof that China is slowing down, drastically. ... We are heading for a most heinous economic downturn."
(new) Cain Thaler: Fed is helping Treasury, not housing (Sept 21)
(new) Cain Thaler: It's about damn time: Behemoth banks in sights (Sept 21)
(new) Rajun Cajun: Last night's short selection (Sept 21)
> "If this lone of inquiry continues, it would mean that the Fed believes the likes of JPM, GS, C and friends to be too big."
(new) chessNwine: Today, we saw mustard seeds for new era of Islamic finance (Sept 21)
Reggie Middleton: And the European bank run continues (Sept 21)
Peter Tchir: Disappointment with the Fed (Sept 21)
Turd Ferguson: Lots of choices, all of them bad (Sept 21)
BrotherJohnF: Silver updated - Holding (Sept 20)


(new) Peter Schiff: Operation Twist will hurt (Sept 21)
(new) drutter: silver, fall harvest (Sept 21)
(new) Stellaconcepts: What did Bernanke just do??? (Sept 21)
Realist News: Stock market crash alert! (Sept 21)
silverfuturist: Have I heard of David Icke? (Sept 21)
Hit the Bid: Live from the Occupy Wall St rally (Sept 21)
Chris Duane (Silver Shield): 8 reasons why Great Depression is best-case scenario (Sept 21)
ScrapGoldBusiness: Inflation - Consumers facing rising prices (Sept 21)
stowmaker1945: UK set to increase QE (Sept 21)
Endlessmountain: The Silver Log (Sept 21)

Blog commentary

(new) Bloomberg: Greece cuts wages, pensions to cinch aid (Sept 21)


Metal bling
BullionCatalogue: Silver - Mexican Libertad - 2008 - 1 oz (Sept 21)


Reef Entertainment: Salty Summers (full length) (Sept 21)
(new) Extreme Autofest 2011 (Aug 26)
(new) Island Foxes: Christine Mendoza's shout out (Dec 6 2010)
(new) Jaula das Gostosudas (Nov 1 2010)
Japanese car wash (Sept 22 2010)
Night Marcherz Production: Bar 7 (Aug 6 2010)
Spocom Long Beach 2010 (July 19 2010)
Ho Brah Entertainment: Jessica & Tina (July 17 2010)
(new) Island Foxes: Jenny Chu's 1st island shoot (July 17 2010)
Bite Me TV: SpoCom 2009 (Feb 8 2010)
Car wash (Aug 9 2007)

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