The Signs Are Everywhere
We are bottoming somewhere around these levels. I can feel it in my fucking bones.
The VIX is at egregious levels. People are so depressed, they are lining up to kill themselves via howitzer. Long term bears, like Mr. Big Picture (who called the bottom in 2002), is now going long. Hedge funds are closing up shop, big and small. Investors are ignoring fundamentals and, instead, are embracing fear.
Without a doubt, we are in the midst of the most troubling times this country has ever faced, at least financially. So, do not go balls to the wall long, without having cash reserves. At the present, I have a 45% cash position and will hold 25%, no matter what, unless we dive to 7,500.
Inflation feels good. Deflation feels bad. I learned that shit in caveman school.
Eventually, the market will get back to normal and you will regret not nibbling, like a small rat inside a cave made from chocolate, down at these levels.
Good guidance - assuming there’s nothing coming out of right field all black swanny. Which I expect there will be but by definition I gots no clue as to what. I’ve put a solid long position on as well.
bistocksual Says:
Sr. Tropicana……..you still involved w/ MVIS? been hearing chatter of military interest, care to opine?
October 16th, 2008 at 12:27 pm
No opinion????
Please do not talk MVIS. I don’t want to go down that rout, else I will have to kill you.
Called the bottom in 2002, then called the top in 2004, 2005, 2006, and 2007.
Oils, sold to you.
When CVX stops trading like BIDU i’ll get back in.
so sorry to hit raw nerve……..
Grabbing my remaining ball and scaling into QLD.
Fuck you Fly - I get all of my indepth market color from CNBC
Chicken Man Says: Says:
Barrak will raise taxes, put speculation hounds on gurneys, its the “new deal” area with a touch of middle finger. You’re a bunch of uncles.
October 16th, 2008 at 1:51 pm
I hope your right Fly. I could go down as the first person to go long after vix of 60 and get wiped out…
GS to zero
I’m an idiot, and I like men
you are my new favorite blog.
Chicken Man - are you related to Calvino?
NOV and MOS are instruments of the devil, no doubt.
Until we get the spread down, don’t go heavy!
Well Fuckers, if we don’t get a solid bid on this bullshit stock market soon, I’m gonna dump my SSO shares.
I am everyone’s favorite blog.
I am “The Blog Father.”
Grandpa Fly, tell us a story of how the 2001-2002 bottom felt?
Donny:
Get long two bricks of blow and a case of Miller “High Life.”
I will tell you no such stories.
Blog Father… that’s good.
The crew in Dennino’s will appreciate that.
-DT
TED Spread down 23 basis points today … and at the weekly low.
If the market doesn’t rally, it will go down—no doubt.
Words to live by.
The Blogg Father
After making nearly 65% in two weeks on the market fall, I have lost 40% in the last 4 days with this drunken market action…. God I hope ur right fly or my trading days are numbered…
Im buying watermellon calls, shorting uncle tom’s.
Then gitten some high life.
Fuck TED and his russian cousin LIBOR.
Poopshooter:
You have the trading acumen of a retarded martian. God speed.
Just sold MON November 75’s for $9.00!
Lol!
Oh pleeeze, don’t make buy MON for $66 bux!
_________
“The Great Depression” is off the table, as per Cramer.
Dry bulk shipping rates are so low, the ships will dock soon, sending MON to $8.
I’m never coming to this blog again
Bloody airlines are now a great business model.
yo fly whatup, i just heard you are a staten islander….is this for real?
traded d
Hammer time today boys…. if we close at the highs then fly is vindicated and will look like a genius tomorrow…. if we fall like expensive hookers on the upper east side then look out below tomorrow….
by the way Plumber Joe just told me (through Obama), “YOUR SHIT IS MY BUSINESS.”
Geico Caveman Says:
I’m never coming to this blog again
October 16th, 2008 at 2:15 pm
—————-
Good riddence
check out EBS…hitting new highs today…any thoughts?
Oh Blog Father. Got any offers that can’t be refused (Michael Corleone in Godfather)?
Or something like that.
Fuck TED and his russian cousin, LIBOR.
Pronounced “LEE-bor.”
_________
Anyone seen a sign for the bottom? Just wondering. Trying to make my way from the top (where I bought), to the bottom (where I’ll sell).
POT….. down 50 in 3 days
Sequel to “Wall Street” illustrating where we are now:
http://www.youtube.com/watch?v=2P8NjdIy0_M&feature=related
Also sold the November JNJ 65’s (puts) for almost $6.
______
Yeah, fuck TED.
Also, damn the difference between the interest on interbank loans and short-term US government debt.
“Donny:
Get long two bricks of blow and a case of Miller “High Life.”
^^^ That there is some funny shit mang.
Got back from Vegas yesterday. That town was packed. Foot traffic was high. Taxi lines were long.
Call girls and craps tables are depression proof.
One of our cabbies said the Chicken Ranch (long cab ride from Vegas) was robbed. Apparently a multi cop car chase ensued. Then they added a chopper to the mix. How stupid do you have to be to rob a whore house? Especially that one! Didn’t they see what happened to Doogie in Harold and Kumar 2?
Cue the melt up until 3:38 pm, then segue into Merlin mode. Lights, roll camera, and,… action!
Another day, another 10% loss in MOS.
Look at the bright side. When it was a $60 stock, a 10% loss was $6. Now a 10% loss is only $3.
I’m coming.
I’m bringing all hell with me, so break out your tin foil body suits, reflective side out.
OBV says NOV sellers wont get in the way here the buying spurts are greater than the selling here!
Question- Why would somebody want to rob chickens from a Chicken Ranch and wouldn’t the location of a Chicken Ranch be better in a rural area than in an urban area like Vegas?
I don’t get it.
Who bets we get another forced-redemption based, demoralizing end of day slide? (what sniper said)
Fuck you black swan…Dennis Kneale says it ain’t a loss if you don’t sell, that means I’m still in a bull market…I just can’t sell anything
This action looks like a repeat of last Friday.
Deadly sperm, see above.
Despite what White Robes tells you…it is written.
Yes, end of day will be my guidance….so I miss a few points….would rather feel warm and fuzzy going long than hollow and alone….
Paulson fked up by not bailing Lehman - he will fk up again. You gotta go with the flow - the trend is your friend - the BEAR lives! Obama is gonna trash and crash the mkt - just watch.
Fuck! Not my step brother!
I have been reading this blog for the past several months — all you guys are awsome!!!
This is what the bottom feels like:
http://www.youtube.com/watch?v=ulByRIz-f3Y&NR=1
Do you think we are there yet?
Dow 5000 tomorrow… In honor I will burn a DOW 36,000 book from 8 years ago.
Someone please tell me when to sell since I am perfect at buying the tops and selling the bottoms…
Insider Info:
The FLY will single handedly go all in NOW and cause the worm to turn…up that is….
This market is idiotic.
I need to go get me some “High Life.”
Everybody fuckin shut up…Cramer’s talking
DSB-
one can only be demoralized, as long as morale remains. I know in my current mind state, not much can phase me. What one might call a “bunker mentality”.
Which is to be differentiated from the “Archie Bunker Mentality” that I also have been accused of exhibiting now and then.
lol
This market is as jumpy as a Mexican crossing the Rio Grande.
Crammer advises Uncle Sam to double down, OTB style, on the market w/the Social Security money we’re never going to see anyway.
Why the fuck not?
Private equity buying bank paper as high up the capital structure as possible.
They will run the bank common up last.
this market can shake out my beard. Lots of nesting “chicks”
There is no actual Social Security $$. Just a bunch of promissory notes. We can exchange those notes for actual stock certificates. A simple paper exchange.
Anton Cigur Says:
Crammer advises Uncle Sam to double down, OTB style, on the market w/the Social Security money we’re never going to see anyway.
Why the fuck not?
October 16th, 2008 at 2:52 pm
Ya why the fuck not. Its only some one elses money. To which I will print more.
What a stupid system.!
Will fundamentals actually come back in vogue?
Nah, that would make too much sense…
New government program to replace Social Security unveiled- it’s called Antisocial Insecurity.
Needs,
Maybe I should have added, “He’s been right about everything else.”
AAPlus down ???% now?
Merlin is currently doing lines off Erin Burnett’s booty backstage at CNBC.
Or, “What could go wrong?”
That’s some serious line-age. Like an interstate farkin’ highway line.
TED and LIBOR seem to be traders only guide these days…go with what works I guess…
bottom might be in, UYG is treading h20… However raising tides baby.
fuck i wish i were home to see what goes on after the bell when IBM and GOOG report. i suspect IBM’s rosy future won’t be so rosy.
goddamn they are just puking up NOV like food poisoning.