Wednesday, January 28, 2009

Arghhhhhhh ...

Both Babblevision and Blabberg are putting these Davos suits on TV endlessly. Hello ... they are part of the problem, not the solution.

European markets are up solidly and US futures are strong, reportedly on talk that Obama is closer to creating a huge "bad bank" to take crappy assets off the banks books. Good, if they can work it out.

I have early tasks to do before the snowstorm here, hence a very short post.

Word of the Day

"Bete noire" - noun [$10]; French term absorbed into English; from the card file.
Bete noire means a person or thing strongly detested or avoided.
Sentence: One does not have to be perspicacious to recognize that Bunkerman's bete noire is the beefer - the big evil fund, whether it's a hedge fund or a very active money manager.

Literally, in French, "bête noire" means "black beast"; the idiom means one's pet hate or pet peeve.

42 comments:

Bud said...

XLF...thanks jim!!!!!!

Bunkerman said...

Back. Got my word of the day up.

mfl59 said...

"All the players hated Carl Pavano....and he knew it"

"A Rod was 100% fake....He was all style, no substance...."

"Gary Sheffield was a shady individual"

"Kevin Brown...there is really something wrong with him...mentally"

Way to go Joe!!!

Spin-em said...

Bunk how's Spike?

Spin-em said...

I guess Skip doesnt say that about his players

Billy's fat

Eddie's a lazy mf

Stans a pain in the azz

looooool

Bunkerman said...

Spikie is doing well: 7 of 15 treatments are done. So far, OK.

Bud said...

joe torre is a punk ass bitch...........no question he's a faggot

mfl59 said...

"Cramer's an idiot...he is so bad...blah blah blah"

"Hi Mr. Cramer..will you write the foreward in my book? I really admire you"


pfffttttt....Joe Torre Jr. indeed....

Bud said...

'joe torre jr'


LMAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

mfl59 said...

no Skip is positive....all positive all the time....

"Where else would you guys rather be?"

"Look at the world today...the world needs tough guys....the world needs wreslters"

Spin-em said...

good to hear Bunk

Frosty said...

Bunky...nonono real buyers say u...what we pulling the plug on.

nonono Bud like pulling boyfriends plug, what are we selling...just to be clear.

Frosty said...

Mern the Fed day playbook guru...where are you...your time to shine indeed.

Bunkerman said...

If the real buyers are like this one, viz, moi, they bought those recent dips, like JPM at 20, etc. GE at 12. etc.

This is probably beefer sideline money chasing.

Spin-em said...

Merns at the pool..not a care in the world....

Bunkerman said...

could be short covering, too, on fear that Obama might perform.

I saw short interest was up last week.

mfl59 said...

GE is worth zero....Bill O'Reilly is going to take them down singlehandedly....for doing business with Iran...

caveat emptor

Bunkerman said...

Bill O'Reilly ?

Uh ... isn't Obama going to normalize relations with Iran ?

mfl59 said...

yes, right after he fixes global warming....

Bunkerman said...

sheesh mfl, you don't think Obama is a demi-god ?

You need a few more hours in front of the Propaganda machine.

Strap yourself in a chair to CNN for three hours a night for aweek.

mfl59 said...

I admit I caught a rerun of Keith Olberman's show on MSNBC late last night....that was worth some laughs....it appears Obama is the second coming of Jesus....

Bunkerman how bullish does this good bank/bad bank fix make you?

Bunkerman said...

no change in my bullish thesis.

I'd guess the TRP puts up $200 billion equity that the Fed then leverages to a trillion. Could scoop up all the complex securities and then hold to maturity.

If Treasury owns them, they can do foreclosure reductions.

Hmmm didn't I propose something like this a few months ago ? Maybe they read this blog.

;)

Frosty said...

Americans banks are a sham

their income statements are a ponzi scheme

their balance sheets are a house of cards

the american financial system is on the verge of collapse

the day of reckoning is comin


uh Bunky...Bud yesterday....Bud today....XLF...thanks jim!!!!!!

Spinnism "piss in the cpt crunch" comes to mind.

Frosty said...

I sure wish Mern were around...he is the Fed day guru.

Spin-em said...

merny nowhere near a computer now......I say hes scored on a hoochiemama sugar magnolia hunt..lol

Bud said...

uh frosty...........that's a column from over a year ago.......


what a lowlife

Bud said...

joe torre..........."it's cashmans fault"

what a f'ng cry baby bitch............go suck some dick you fag

Bunkerman said...

I'd think the beefer masters must be calling Molotov to come out again. Maybe tomorrow's close ?

Bud said...

i think Meredith is in Davos

Spin-em said...

bud ....just come out of ur closet..goto Cupids..smoke a ceegar and get it over with....loool

Bud said...

looooool cupids


that place about 25minutes from me.........i'm sure joe torre has been there........Bob wud love it too

"i have a wide stance"

Bunkerman said...

hmmm I think the Fed inferred a fear of deflation ... that would motivate them to buy more assets.

Good.

Bunkerman said...

Battleship Ben is a devoted reader - very obedient.

Bunkerman said...

Hmmm I need a nickname to Geitner.

Tim is a tough one ...

mfl59 said...

how about Towage ($10) Timmy?

Bunkerman said...

weak. gay. (as used in South Park)

mfl59 said...

you might as well just call me an asshead Bunkerman....

Spin-em said...

looooooooooooool skip

Bunkerman said...

hmmm

Tim the Tank ... nah;

Thunderbolt Tim
... maybe.

Bunkerman said...

Hmmm he looks young ... I guess "garçon Geitner" could work, but conveys the wrong thing ... so far.

;)

mfl59 said...

Geitner the grifter....

Spin-em said...

come on mark..ya back from happy hour?? details..details..loool