Look Ma, I’m Winning Again
You fuckers can’t keep a ‘calculator brain’ down for more than 2 days. As you know, “The Fly” had enough of this bullshit rally and went short, much to your chagrin, before the market reversed lower.
At the present, I am bathing in FAZ, FXP, EEV, DUG, amongst others, with a distinct feeling that they will make me buckets, mind you, of sweet U.S. coin.
I flushed out all of my KBR, most of my M, GU, TNA and ROM. I rejuggled, if I may be so bold as to say so.
Also, I bought more FXP, thinking there is no fucking way Chinese stocks continue to go up— God forbid. And, I started a small short position in GVA.
In short, I am net short and feel overzealous in my rejuvenated efforts to deball my neighbors 401k plans.
NOTE: I am still long a variety of names. However, as of now, I am net short.
amen flizzy fly. praise be to allah.
Beware the late day rally.
You’re a dick for saying that. You just jinxed me.
FUCK!!!!
Beware of anything built with bamboo.
Bought a little more FXP @ 48.50, have lowball bid in for more FAZ, stopped out of ERX while on a call, going from small paper profit to small actual fucking loss.
Don’t know how anybody trades this market without giving it your full attention, like some large, steroid-infused, axe-wielding retard.
Will be interested to see how Woody’s “set it and forget” trading system fares.
Time for a sandwich.
GS trying to lead this market higher. Surprising how strong it is trading today.
TheFly
As you know I have been short this whole time. I was a little worried being short while Fly was long of stocks. Its good to see you join the team. Why fight the trend. This rally was pathetic. Embrace the downtrend. Dont fight it.
We failed to make a higher high. DAMMIT and why is China rising. I refuse to believe China comes out of this before the U.S. We are the hampster of the world turning the economic engine. US > China. No matter how dumb the freaking population is.
So Cubs, you’re the 4flx or whatever the nickname is that turned on me? Sheesh.
Anton, if the market can close green, up a percent or two, the Big Bamboo may have some short signals.
Last Night’s Wave Report:
“Today the market held yesterday’s low, rallied to the 848 pivot, and then retested the low. This could be counted as a wave 2 flat. Now the 816 level becomes important support for this bear market rally. The next objective is for the SPX to take out friday’s highs at 896, and then, the resistance at the 912 pivot. Should this occur, without taking out the lows first, then this rally will regain its upside momentum.”
Just saying….
In the constant flow of bad news, the bears can’t seem to gain any traction.
have you collected a PFE dividend yet? Fly Sr and my grandma have similar portfolios
I guess you were out for Monday’s 9% dive.
Thanks, Woody.
From your Bamboo to God’s ear.
Thinking Santa is too fucking fat to fly!
Woody,
i’m actually hoping that we either sell off or meander into friday’s number.
Bill Miller just said that THE BOTTOM for stocks has been made. BTW, he was already on my list.
Bill Miller should concentrate on his lawsuit against the Hair Club for Men and shut the fuck up.
Chivas, I have one long position, and 95% cash. I could care less, just as long as the systems keep giving me signals.
However, I would enjoy a nice 2-3 month rally. Just for the hell of it, for old time’s sake.
Devildog just said (for 200th time) NEW LOWS TODAY, watch out for THE BIG PLUNGE,
YOU HAVE BEEN WARNED and WRITE IT DOWN
god dammit wood…
http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
read this!
Fly,
You should heed your own advice with regards to the Turkey Rally: “Don’t fuck with it.” In other words, you shorting Santy Clause will result in rotten milk and molded cookies in your stocking.
Close at the lows for the day today. Very RED.
FAZ below 60 and approaching my bid.
Here, kitty, kitty, kitty…
Donny, when you announce the train is leaving, whether for DUG or DIG I pay attention cause your always right. But for the last month or so these two fuckers stopped using the Amtrak from DC to Boston and have been jumping the Acela Express from Philly to Newark and back again.
DAMN IT!
Immediately, once the Fly starts talking shit against Mother Market, BAM! Down 150 points to positive 30 points, in less than 15 minutes.
Fucking Shit… I dont like this bounce back this early, it usually happens around 2:50pm-3:10pm, when day traders must be short covering…
Would not be suprised if we finished up 100+ points today.
You are all trading like crack addicts, looking for your next rock. Take some ritalin, calm down, and wait for something to happen, like a higher high, or lower low, (preferably on a closing basis) before gunning in and out of things.
All of that just because the Q’s hit $27.50 again. Too many shorts.
Scalping ERX is pure gold.
Not as good as PFE, but good nonetheless
That fat fuck Santa must have given his reindeer some of that magic angel dust!
Nice big volume bars on SSO. This is going to be a massive moon shot higher close again.
Woody, quoting Fly, is the Spock-like voice of reason.
Fuck this crack hunt.
Sandwich time!
Godly advice Wood!
Fly- Leave my 401K (what is left of it) alone.
Fuck it… Everyone is so bearish and miserable again.
I bought a little more C.
These are amazing markets everything seems correlated 100%. There’s no spec-arb in anything as everything moves in unison. Currencies stocks…
Sold 2K CBS @ 7.09
…why does Erin Burnett giggle everytime she refers to…
My Bottom ?
.
You shorting that Scullers?
Grandpa is funny and I suspect is over 47.50 years old. Sort of like a Henny Youngman.
Why does Erin Burnett snort coke off my bottom?
big 300 point swing — last half hour.
Going to burn all the shorts that thought reality mattered.
erin is packing some heat under the flannels
http://www.zimbio.com/member/gr750/articles/2115374/erin
Strange days - market is schizo.
FLY I would hedge that DUG with some DIG….how much lower can it go for heavens sake.
FLY I would hedge that DUG with some DIG….how much lower can it go for heavens sake.
Not that I am an expert or anything.
j,
I was long from $5.63 avg. Wouldn’t short or dong it here.
you were saying something about shorting genius?
ohh, a little early to celebrate?
Spwra blows if you’re short
Grandpa-
DIG is a lying cockroach, and DUG is the Antichrist.
There you have it.
Shed says:
You are all trading like crack addicts, looking for your next rock. Take some ritalin, calm down, and wait for something to happen, like a higher high, or lower low, (preferably on a closing basis) before gunning in and out of things.
Exactly, all these guys are looking for the next fix and you have the Dog encouraging that sorta inhuman behavior.
The government is creating the biggest arb in bank stocks I have ever seen. The stop loss in C was is pretty close to zero (ish) and their margins are blowing out. I can’t understand how anyone is selling let alone not buying large bank stocks/debt.
I bought some Australian bank debt today at huge rates. This shit is basically guaranteed by the gov.
Sir Douchebag is right. The big volume green bars on SSO is a tell. +300 on the day.
860 on S&P and we light this shit to the upside, methinks
Boomer, the point is 865, not 860.
J - I trade everyday and have been kicking fucking ass. So while I love getting long some diETFs for a nice 10 point gain, I am content to get in and out of sks and sds 2 - 3 times a day for 2-5 point gains.
great place to get short if you missed it earlier
cant get better R/R than this
Shed = 100% correct.
Fly = 100 incorrect.
Hear ye…hear ye….the VIX will fall below 40 sooner than later and the challenge will be not to fall asleep at our terminals…
If there’s going to be a rally, commodities will lead the way…and if there’s going to be a rally, it’s going to be a “barnstormer”…
Sorry DEVILhog…
Danny
They’re setting up bank balance sheets to high octane/light speed/Ferrari tuned.
I’m trying to buy a small “bank” credit union in Oz along with a few friends /fundies asap.
The government down here has given you the green light to charge up risk taking. Spreads in debt is at the highest since the depression meanwhile governments here and around the world including the US have given the liability side of bank balance sheets sovereign rating. It is the biggest opportunity and eventual fuck up i have ever seen.
People like the dog etc. think the crash is coming now. They’re wrong, the crash is a several years away when this shit hits the fan.
There is up to 5/6 points of spread in debt securities between borrowing/lending rates . You can leave that shit in the balance sheet and not mark to market as long as there is no duration risk. Banks have caught on to that shit as they’re starting to issue 5 year paper.
You’re now allowed to arb between sovereign debt rating and corporate spread risk.
thx danny, you are correct
I liked it better when commodities and gas were rising…that made sense to me. Dollar rising makes no sense.
Where’s the value?
This is crazy- depression mania
It should be ‘ inflation” right?
Expert opinions? Newbie needs a lesson here….. were printing money like mad - hard assets are finite
What this market needs is more cowbell.
Guenevere - Dollar rising because, inspite of it all, we are the least sucky country to put your money right now.
You are thinking too much Guenevere. This an Alice In Wonderland market. What is up is down and what is down is up.
No problems.
TC, it would be great to be 47.5 again. But it’s all relevant, I know old people in their 20’s and young people in their 80’s.
Sense of humor is important to maintain at any age.
Hey look. I am talking to myself again.
That was me TC, your name was in my name line.
Wait till you get older!
I think I am almost there already Grandpa.
This “Funny” Market will do it to you.
J,
You are absolutely right. The Fed has replaced the banks .22 caliber pistols with Howitzers. Today I have loaded up on C and will ride the rocket up.
Fly -
Dude, this sure looks a lot like yesterday, with higher highs and higher lows. Easier to say now than an hour ago, granted.
Velocity of money down far outpaces money being created by the Fed and the Treasury for now …
Overseas investments being repatriated due to unwinding of leverage causing the dollar to rise … this is a short term correction (as everyone was short the dollar)and once the dollar squeeze is over then commodities will reignite along with inflation and interest rates….
I sure smell a lot of Bear sweat around here. Pretty soon there will be nothing left but bloody bears from the horns you are about to take (in the ass too).
Looking on the brightside:
http://www.marketwatch.com/news/story/Romanias-economy-grows-91-third/story.aspx?guid=%7BED9A7C0D%2DFEFA%2D409D%2D9CE3%2DC46AAA602B94%7D