“The Fly” is all about pushing the envelope, playing with his chess pieces, amidst a wild inferno. Despite being in an overbought position, “Plutonium Petey” is issuing “death bags” to short sellers, in the giving spirit of Thanksgiving.
I got a lot of shit going up, like General Electric Company [[GE]] and Citigroup Inc. [[C]] . At this moment in time, the stars and planets are aligned to enrich “The Fly” with great wins, much to your chagrin. I know there are a lot of secret Fly haters out there. No need to fess up and come clean, I know who you are.
Shockingly enough, my largest positions are goose stepping higher, all the while the world is crumbling and getting sucked into a fucking vortex of nothingness.
Thinking ahead, I started nibbling at my [[FXP]] position, which I find myself 20 points in the hole. My plan is to buy it, whenever I get an itch, in order to bring my basis down to $70. Without a doubt, those Chinese clown rapers will be going lower in due time.
Also, I took another small bite at the idiots from [[M]] .
Some of these stocks need time to pan out. There is a definitive dark cloud of insolvency looming over many retail names. The theory, which makes sense, is the pending debilitating transformation from a credit to a cash society will indeed crush retailers like [[M]] and Sears Holdings Corporation [[SHLD]] , even Target Corporation [[TGT]] .
How many stores were opened based upon Joey Bag o’ Credit Cards?
Basically, I have no business buying retail, since they are in the ground zero of the credit contraction. However, I do so regardless of the broader macro picture. I am buying based upon the psychology of optimism.
Regardless of how old people get, they always long for “the old days.” Most people are sad saps for yesterday and will cling onto it until they are dead. My guess, investors will cling onto yesterday’s winners or bellwethers, until they are dead too. In the meantime, there is money to be had.
I like the breakouts in Google Inc. [[GOOG]] , Monsanto Company [[MON]] and BHP Billiton Limited (ADR) [[BHP]] today. For the most part, try to stick with large cap stocks and keep in mind we are walking on the edge of an egregious cliff, lined with pork fat. As much as I rejoice and shower myself with turkey gravy, this market can turn on a dime and punt my torso into the bleachers of Capital Loss Stadium, in 10 minutes flat.
Top picks: Citigroup Inc. [[C]] , Bank of America Corporation [[BAC]] , General Electric Company [[GE]]
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funny stuff, peppered gingerly with wisdom and lightly salted with traces of humility
wherefore art thou oh DevilDog?
So Friday we eat Turkey sandwiches and embrace a massive sell off?
Fly,
Should I sell all of my googs and uyg before the end of the day ? I made some real nice coin today and dont want to lose it all on friday.
Buddy of mine who does mortgages already sent out an email this morning notifying his clients that today’s Fed action brought 30 year fixed rates to 5.5% no points for conforming.
Massive sell offs will not be tolerated on Black Fridays. Hence, it will be delayed till the following Monday.
Fly
Whats the PPT etc. on BHP.
I’m long a few names for a trade but just has to buy puts on AN. They have to be kidding me with the move higher they have had.
Your the Picasso of this shit! Happy Turkey Day Fuckers ….you to j.
I don’t think a short-term play on retail is a bad move at all. Every regular joe I talk to is doing fucking backflips over the price of gas. They still think deflation is good. Seriously, I was at lunch with the general counsel for a major Silicon Valley tech company yesterday (I’m not connected, but my wife is a valley tech exec)… and this guy, who should no better, was like a 12 year old girl talking about High School Musical when $1.99 gas came up as a topic of “conversation”.
Christmas is coming and if you look at the malls, at least out here in California, the idea that we are in deep shit has yet to sink in. People are buying fragrant pillows and blackberry designer cases from those kiosks like they have money to burn.
Low gas and giddiness about Obama will send us into an extended bear rally through the end of the year. Then in February or March the bottom is going to drop out of this fucker like an anvil on Wile. E. Coyote.
The FDIC is going to be working overtime…
The agency increased the number of “troubled” banks, up 46%, on its list of firms it may have to shut down…
The open question with this is where the FDIC will get the extra billions it will need?…good times…….
of course he should “know better” not “no better”. Fuck you, my coffee hasn’t kicked in yet.
The open question with this is where the FDIC will get the extra billions it will need?
We got a printing press and we’re gonna run that fucker three shifts a day. I think at this point we are praying for inflation to save us.
Fly,
Time for me to fess up…I FUCKING HATE YOU.
DD
Poof! Your bullshit turkey leg rally is now over!
Okay, this is fucked up. I just posted my above little anecdote about the idiot attorney and gas prices. Just got off the phone with another fucking attorney (probate, no jokes)… and after going through some shit about transferring ira’s and whatnot, he says “hey did you hear?!” I’m thinking he is going to tell me some great news about his kid or maybe some big news story coming over the wire like a celebrity dying or something. “What?” I ask. “Gas is under two fucking dollars. It only cost me under $25 to fill up today. How great is that?”
My lips: “Yeah, that’s great.”
My brain: “Dumb fuck, you don’t know what we’re in for, do you?”
Amazing how Gartner can bring down the entire tech sector which brought down the entire market. Like we didn’t know handheld sales would be down ffs.
My RIMM calls were cut in half 🙁
Is the pork fat Kosher?
Why are the amateurs pulling out Merlin just because the tape is at 0 for a few minutes? LAME
Staying with homies via ITB (etf).
XHB is okay too but has HD and Lowes in it.
Not going to stick around too long in it.
DEVILDOG, are you still super short? Have you balls been on the cheese grater for that last couple of days?
And to think I used to be used to make lasagna for Charlie G.
That was not really DD…that was just me…having some fun. DEVILDOG…is probably either dead, or in therapy from being gang raped by the Fed.
You may be “goose stepping higher” but I am “turkey sprintin'”.
ok now i think you just use madlibs for your posts
Something tells me not to sell. Let’s see if my mental illness makes me money.
BHP
Debt/Equity 5
PEG Ratio 5
Price/Book 4
Price/Sales 5
Profit Margin 5
Sub Rosa 0.2
Final Score 5.05
PPT Recommendation: Strong Buy
Accumulation Distribution 5
Price Performance 1
Relative Strength 1
Volatility 3
Volume 3
Sub Rosa 0.25
Final Score 2.75
PPT Recommendation: Sell
Hybrid:
3.72
Buy
BTW: Treasuries are +10% ytd again.
Fly,
This is not a market to be buying strength on. Simple as that.
Market going sideways until next week – lethargy and then back to reality. This interruption of the BEAR’s work is temporary.
I’m with you fly — let winners ride. Long HIG.
-“Let’s see if my mental illness makes me money.”
words to live by.
“… and keep in mind we are walking on the edge of an egregious cliff, lined with pork fat.”
Brilliant. Happy Thanksgiving to all at ibc.
I have a sudden craving to make homemade tamales filled with turkey in pipian mole this weekend. It’s all this talk about turkey. Hope you all enjoy yourselves this holiday weekend.
Phil:
Correction:
The market HAS NOT been a place to buy strength. We have not had 3 consecutive up days since August. I love shit like that. It’s sort of like playing a team that won 20 straight, eventually the trend will change.
Boca:
For Black Friday and the weekend, feel free to advertise your Ebay site on iBC, free of charge.
Santa Fly
or 10 straight
PPT internal on the market:
Average Technical Score: 2.404 (Full technical breakdown)
Average Fundamental Score: 3.593 (Full fundamental breakdown)
Average Hybrid Score: 2.905
This is the first time I have seen the Hybrid this close to 3.00.
you can hear paulson making plans to speak and crash the markets
Fuck it. I’m buying a hundred dollars worth of Lehman – LEHMQ at .042, maybe I can look at it again in ten years.
Agreed, bears are desperately looking for action via poking out tiles in the men’s room stalls of your local Sears Hardware.
Fuck ABX too. The stock not the index.
Donny buy DUG @ 33.80
The market can’t sustain with crude down $3
Mental inllness.
Check.
Meds.
Check.
Knowing that pain is inevitable.
Check.
I don’t know how people can look at the government’s reaction and not think that gold will eventually be much higher…
I mean I know there’s a quadrillion dollar derivitive bubble, and the bailouts are peanuts compared to this, but The government isn’t going to stop stimulating, and the federal reserve isn’t going to stop flooding the money out there.. Eventually the credit is going to get going and when it does, america will be killed by hyper inflation.. zimbabway style… heck, the whole world may be.
omfgitsjd – why dont you give me $75 and I’ll smack you with a turkey leg a few times… at least this way youll have something to show for your money!
the fucking irony, misspelling mental illness……kill me now
Santa Fly-
We make Hula Hoops and Slinky knock offs.
Can we advertise too?
Anonymous – Simmer down, I haven’t bought it yet. lol
Advertising for ALL!!!!!
I want gold to hit $500 so I can load up like crazy.
On one side, I see a run on the dollar in the future, on the other side, I see massive hyper inflation. Not sure what happens first. I sold most of my calls in GLD, but I own shares of GLD, and puts.
I will hold my 2011 calls till it expires deep ITM.
Fly:
I will tattoo GE and C on my leg if that will help!
see video
http://crackberry.com/storm-contest-winning-entry-1-ultimate-tattoo
Santa Fly, I love it.
For information on next years World Series Winners, please visit:
http://www.cubs.com
Your U.S. dollar will eventually go to zero. Stupid govt interventionists!
Thanks Boca, right back at you. Happy Thanksgiving to all and good health too.
“Donny buy DUG @ 33.80
The market can’t sustain with crude down $3”
I’ve been wondering about that, as everyone with half an asshat for a brain knows oil LEADS the market. But today, there is a noticeable disconnect.
I, for one, agree with you Donster, just holiday trading is so fucking gay you get incongruities like this
“It’s a trade, fucker. I’m not going to the annual meeting.”
Fly, you bastard, that line still pops into my head all the time and makes me laugh..
Three inverses worth buying:
EEV, DUG, FXP
Advertising for ALL!!!!!
Thanks FLY!
http://www.scabsbandages.com/index_new.html
omfgitsjd – all good! lol just f ckin around
Thanks Master Fly, I will start to nibble on rallies. I think this market wants to test SPX 900.
We want higher wages and benefits from Santa Fly.
Santa Fly makes us pick up his empty Dunkin’ Donut cups.
Boca – You’re making me very hungry. Happy Thanksgiving back at you.
Remember, the debt payment on a trillion at 5% is $5o bill or about a bill per week. Let’s see, for $8 trill, ……I believe we will never see a balanced fed budget again….ever…and just the interest on the debt will be over a $bill per day. What happens when oil goes back above $100 and interest rates on that fed debt go up a few percent?
Anonymous. I know. I didn’t lose any sleep watching the paint dry here. I think a pedicure at the mall from that little oriental chick is my next major move.
Is this rally getting tired? Anyone think LM is still a short?
10 year treasury indicator wins again.
Chew on that Woodcheddar!
Obama is speaking right now and even though the policies he ran on scare the crap out of me, he is doing a really A+ job with the deep-voice, clear-speaking, we’re-on-the-job-now-just-relax speeches. It is so superficial that a decent press conference can make a difference, but I think the market will jump up on this guy right now. He is on CNBC right now and he is being 5x more presidential than Bush has ever been. It’s all bullshit but if the market needs confidence, then this confidence-man is doling it out.
Turkey Rally indeed.
Without Disqus, The Woodshed is just a bunch of broken off branches.
The Big O is making me soft. How about some ecoporn?
Cubs…the eternal suck.
In other news, Albert Pujols wins another MVP.
Poor Cubs.
Wow, thanks Fly, I mean Santa, I appreciate it.
Buy my stuff on Ebay guyz! Free shipping to anyone from ibc all the way to Christmas, just be sure to message me on Ebay that you saw it here. I’ll be adding more stuff, errr… junque, on a regular basis before Christmas.
http://stores.ebay.com/MyJewelsPlus
Also my husband just listed a brand new X-Box, let me know if you want the link to that.
Thank you so much Fly – btw I have thousands of items not listed, if you are looking for something but it’s not listed, just ask.
Fly,
Would you not add SRS to your FXP and EEV? I’ve been beating it up and down like a big gay camel -the spitting kind if you know what I mean.
That’s it … the rally is over. Sold all my long positions. I only own a small position in DUG.
Please collect your turkey legs at the door, thank you.
I hope so Donny, long FAZ here.
Boca
I’m guessing those Cherished Teddies are going like hotcakes.
The teddies I cherish have lace trim.
FAZ = Lighting in a Fucking Bottle.
Fly’s a gambling man. Okay, nooooow the Citi trade makes sense.
-Phil
We need a new post!
Sup fuckers, who wants to play with coked out mortgage brokers today? They are all calling me like crazy like crazy hookers looking to refinance after this mornings cum shot to the face of MBS buyers. These coke whores are wanting to eat massive bips and fees in order to repackage and sell to the dirty sluts down on state street. Come one come all and get your new MBSs, I mean god forbid the government guarantee these fucking things!
In market news its a snoozer just waiting for a fucking late day tuna to the face rally with the financials holding steady through the day. Buy in the last hour and chomp some fucking turkey.
Why play those 3x shits? Just hit the casino!
out of SRS back in UYG
Fly,
Hat to say it, cause I like your blog, but you are full of fly shit on these calls. You bought into a bear rally…which is going to close out very soon. You been had Biatch !!
BWAHAHAHAHHAHAHAHAHA
“My guess, investors will cling onto yesterday’s winners or bellwethers, until they are dead too. ”
Right on Fly……How may people hung on to those losing piece of shit dot-com stocks in 2001, praying & hoping for a comeback! If there is one thing I have learned, human nature never changes. Which is why we will have many more bubbles to look forward to in the future.
Also, DevilDog and all you other short fuckers should have learned the first and foremost axiom of trading: “Don’t fight the Fed bitches.”
CHEW ON MY STICK, FLY: FROM THE BIG BAMBOO
Market just hit the fuck-you switch. That’s what you clowns get for being all rosy and bullish at the top of a bear market rally.
And for all the fuckheads (J, you’re at the top of the list) who think there’s “no downside to C” and that “C is so cheap”: BLOW MY BRAZILIAN SHAFT.
Financials are for gamblers. Period.
-Phil
Isn’t BIG BAMBOO like 0 for 6?
Get the fuck out of here.
Phil:
Buying some C here at 6 buck flat.
What’s up with all you Bear-tards? You should all know to never fuck with Turkey week. We bulls have setup a nice bear trap today where, by now, your claws have been ripped out and your ball sacks are in a vice grip. Let this be a lesson to never, ever, fuck with Turkey week again.