“The Fly” doesn’t feel sorry for you. You were given three weeks notice of pending doom, yet did nothing to protect your family from swift “de-banking.”
Now, many of you feel the short trade is “crowded” or “long in the tooth.”
Fuck you. I don’t think so.
I’m very busy now. So , I don’t have time to explain the intricacies of how this game works.
Just know, fund managers will position themselves accordingly, early 2008, much to your chagrin.
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“I’m very bust now.”
So how are those estrogen pills treating you?
Your overconfidence will be your downfall.
Prepare to have your balls handed to you, you insolent little peon.
You are in the pocket – spot on, methinks. Gonna be painful. Today was just stretching before the run. Pain coming.
i don’t know, man……when every single god damn thing i read says “the sky is falling”, it makes the little voice inside me scream “BULLSHIT”.
i could be wrong, as i often am, but it just seems too easy, too predictable…paraphrasing here, but the applicable quote is something like:
“the market behaves in such a way as to disappoint the greatest number of participants”
keep buying those double inverse ETF’s. It’s the only strategy that will work !
SRS, QID, SKF,SDS, TWM for openers and EEV and FXP for desert. Thats where you need to be.
Jackman is giving you the BEST advice.
Your emotions, reign in, you must do. Hmmm? Recipe for disaster, this overconfidence is. Long term is this race.
De-balled will you be if over your success, you gloat. Hmmm?
Finally, young Fly, my light saber, your ass shall receive, if hear me you refuse.
“Master Yoda”
Well today certainly caught the bulls off guard to say the least, but it did not take long for that to go away and the shorts to overdue it in the short term. Put/calls spiked over 130 and the shorts piled in late today. I have no idea whats the year hold but i do have a strong feeling that the next few days are up big. I spent the afternoon buying cfc, cfc-b, tma , ure, xlf, hogs, hov, ccrt, amd, mcf, and mbi. ive even been picking off some gs and other movers in the aftermarket just in case we really march tommorrow. this is just a trade but one i need to cash in on. the second day of the year is one of the best and i think today was way overdone..
jackman stole my portfolio; much to his chagrin, he left out DXD for appeteaser, not to mention long oil, gold
made 75% today, my year is done …. off to party with Rag & Bilderbug
the market behaves in such a way as to disappoint the greatest number of participants
Outside of the online stock blogs and boards, I haven’t heard a single person tell me that they are bummed about the stock market or that they have been pulling money out or that they are shorting stocks.
I don’t presume to predict whether or not we are at or near a trading bottom, but I’m quite confident that we are nowhere close to meeting the conditions needed to establish a major bottom.
The MVIS move today was unusual and thus may have legs. The price didn’t fade into the negative during the day and did not collapse at the close. I daytraded it with a buy @4.13 and put a limit order to sell after the close @4.30 thinking it would not get executed. It was executed. The price behavior is different than the recent past. Somethings up.
Tree week ago?
I give you prenny sholts muntz ago, while you clying and peeing you reggings.
Day rate, and dorrar sholt, dat is my Fry.
On a more serious note, let me attend to an “intricacy of the game.” The SPX and the Yen-dollar trade are approaching catastrophically oversold conditions. There will be a pop, the question is, will it be tomorrow morning or tomorrow afternoon.
Wait and see and hold off on those shorts until after the “all clear” siren rings.
You’ll have plenty of time to get short without getting your balls ripped off in a panic blowback buy environment tomorrow.
Jake, I agree with your assessment. My only trepidation comes from the fact that there is likely many traders who have been holding off, propping things up, to get out of 2007 with some gains. The writing is on the wall, and I think that it is possible that we stay oversold for longer than usual.
That is a possibility. However, I am hanging my hat on some stabilization and bouncing in the next day or three.
Jake hasn’t made an accurate market call since 1998.
Listening to him is equal to throwing it away.
He’s not a closer.
TraderCaddy, I feel the same way about the MVIS action today.
Outside of the internet and Wall Street no one gives a fuck about the stock market because most are either still trying to recoup their losses from the dot.com bubble burst or are too young to have enough cash in their IRA’s/401k’s to give much of a fuck.
Listen, every genius and their brother is bearish on this market. How low will we go if the economy continues to expand, albeit anemically and core inflation stays under 3%? That’s what I’m betting happens and if so then you will get your balls cut off shorting this market down here.
Many balls will be lit a’flame trying to buy dips.
Put your money in your mattress.
real estate = overvalued
art = complete buble
govt bonds = if 4% is your thing
stocks = ????
there is too much liquidity and a rotation is likely
Big snack-
Real estate= illiquid market
Art= illiquid market
Bonds= liquid market (did you see what happened to gov’t bonds today?)
Stocks= decreasing liquidity due to very little credit due mainly to no more repackaging of home loans financed by wall street.
Therefore, the likely rotation is into cash. If you want to count cash as a sector, then I agree with you.
The dollar is worth less than my toilet paper and the Fed isn’t done cutting yet. Cash is not the place to be.
Steve, that is laughable. The baby boomers witnessed and invested through the biggest bull market in history. If you think they are not watching, you’re crazy. They’re scared to death a bear market will hit right when they are retiring.
Also, your scenario is plausible. However, it may be 6 months or more before we get the data necessary to draw that conclusion. What will you do when the market drops 15% between now and then?
Steve, I was being facetious about cash.
However, it is liquid, and bond yields are dropping like rocks.
If I were to be serious, I would think sector rotation would continue to be into commodities.
i was not commenting on the liquidity of those markets just the insane amounts of cash being pumped into the system.. also buybacks continue to soak up supply in equities
Grains, metals,
reminbi, Swiss Franc, Yen
https://www.everbank.com/
Professional money managers don’t get paid to be in cash. At some point they have to buy stocks.
I am in gold and cash at the moment but I am itching to put my dollars back to work. The sight of cash makes me sick with our weak dollar and rate of inflation. It is like a hissing tire.
I like oil services commodities and boring old recession-proof consumer goods. It just seems too obvious which means I must be wrong.
there is nothing wrong with cash. in fact, we are probably near a bottom in the dollar. i think dollar strengthens as fed/treas focuses on inflation over growth. bad for stocks.
there is a lot of bad juju out there – credit, SIV, CDO, $, oil… wait for bad jobs revision…
things are gonna get worse before they get better.
i’m in cash. nibbling some inverse ETFs
SOLF gonna gap up – big contract win
More MVIS agreements
http://biz.yahoo.com/bw/080103/20080103005205.html?.v=1
MVIS
Read this story and enjoy.
http://www.pcmag.com/article2/0,2704,2242734,00.asp
Reading the MVIS news this morning indicates that something was “up” and explained the decent stock behavior yesterday. If the price doesn’t fade today I may actually hold it for more than a few hours.
Jake hasn’t made an accurate market call since 1998.
(Except for his accurate “start shorting” call back in November.)
Listening to him is equal to throwing it away.
Or retaining your principal, whichever you prefer.
He’s not a closer.
Go get me a coffee, Shelly.
Oh, and I was in MVIS years before you were as well. My basis in under a buck fitty.
____________
Jake wins!