Pardon me for not blogging this afternoon, I was busy having my fucking files thumbed through, by some asshole auditor. Don’t worry, it is nothing to worry about; just your standard “fuck you, show me your files” annual audit.
I see the market shit the shower: good. I fucking hate the market and wish death upon those who believe in “cycles” or that oil is “cool at $37.” After all, XOM is making so much more money on their fucking crude, at $37 instead of that dreadful $145—in backwards world, that is.
In the morning, I sold out of my last FAS and loaded up on SRS, DUG and SMN. I bought a little more FAZ too. Hey, remind me to never buy 200% and 300% etf’s. Thanks.
In addition to etf’s, I shorted some RIG and KIM.
Into the close, I expect the market to knife lower, closing down between 200-300 points. There is a lot of pain being inflicted to the small men in leotards today, via a reversal in “Barack the Builder” stocks. The infrastructure story, although interesting, is entirely over hyped and will be crushed by municipalities going kaput.
Bottom line:If this market reverses again and goes higher, I may be forced to unload a few howitzer shells in my fucking face, if you know what I mean.
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He lives!
Phew, after the 2nd round of old mean posting, it was about to get real violent in here.
Good to see the king is back on his throne… white robe, sandles and all.
Your alive? I was wondering wtf happened to the fly.
Dammit and I turned bullish on Tuesday on the fed rate cut. Dont tel me the market is going to crash. I was short all the way up to only buy @ the top? No I am not a n00b at trading. I know how to trade.
WTF. I am frustrated now. I am long. For another 50S&P points. I dont give a damn. This is going higher.
Bulls are just taking a mid day breather.
God? Is that you?
Obviously Fly is just practicing twittering skills today.
GM / Chrysler = $0.
China is still fucked, too. I am a big fan of shorting Chinese bullshit like CHL. CHL back to $30.
SRS looks great, too.
Holly Fuck! Look at Crude … $36.70!
LoL
They cannot survive this bullshit! Death to Chavez, Death to Exxon, Death to NOV, Death to RIG, Death to China! Kill’em all!
Although the “Fuck You Bulls, You’re Dead title is very commanding, that gay Panda yawning just kills the effect. It eats bamboo for gods sake!
Just a shake out…:)
. . . . . . . News Flash . . . . . . . .
This just in: Despite rumors to the contrary, we have confirmation from two independent sources that The Fly is not Bernie Madoff.
Actually the panda looks like it’s taking a shit instead of yawning and got upset that someone is photographing it.
Why is X down? Didn’t Cramer say buy it like crazy?
Why is FXP so f*d up? Anyone?
Donny, agreed. The whole energy complex should lead the market down on next break.
DUG is an evil step child though…have owned it for awhile since $35…something has to give
raider.
I changed the pic for you. Enjoy.
X is down because Cramer pumped it.
Quick Reminder … the big energy co’s represent a huge chunk at the top of the market weighted S&P 500. They will lead the entire market back down to new lows. When the bloated motherfucker, Exxon, eventually rolls over, watch out!
My guess is the market reverses really hard here to the upside. We close green. It was a failed breakdown. Failed moves fast moves.
Ed: Go for straight shorts of that godforsaken country (BIDU, CHL, etc.), FXP is fucked.
Though I do like EEV, for I hate all “emerging” markets and believe they are nothing more than a hallucination, like Madoff’s accounts.
I agree. Fly has been wrong the for 1000 points I think.
This market is retarded. Its going to continue higher.
welcome back!
Will this be the first time Master Fly takes home a profit in SMN?
Fly Buy-
I know you ain’t talking about me.
8)
Fly-
Nice move the other day shorting XOM at 82. I got short at the same time. Nice gain for one days work. I am not covering till that bitch hits 70
Nice flag on the 5 min ES chart, if it breaks here target would be 872ish. Post fed breakout number, how about that.
Edit: And 872 is daily s2 as well.
By the way much obliged Fly, even though I am not sure who that old bald man is. Wouldn’t be you by chanced all dressed up to go drink some rich mans cognac on a Friday night?
All Bulltards kindly step in line, as I will commence the monthly de-balling session beginning in 1 minute.
I am never wrong for more than 2 weeks. Keep betting against me, see where it gets you.
i bought ERY today, after i got nowhere with DUG the other day. it was a late trade, though, and not disciplined. should have done it early, because i think tomorrow is going to be rampant shenanigans.
fuck integrated oil.
This is looking too fucking obvious!
Fly, I wouldn’t count on a lot of municipalities going bankrupt as even during the “Great Depression” very few municipalities went bankruopt. There is no doubt that things are not good right now, but this country and the world as a whole have a lot more going for it nowadays compared to the 1930’s. Hey, Maybe unemployment will hit 25% next year as well…lol
Maria and Dylan are feeling the pain as their GE stock drifts into the abyss
Loading DVAX @ 1.30
The Greyhound bus ad fits this posts perfectly!
Loaded more DVAX @ 1.25
Nice shake around the 61.8% retrace ($1.30)
SPY headed to 88.62 or 89.34
Mrs Fly says a howitzer shell to your face can only help improve your looks. So sorry…
“Barack the Builder” Buhahahhahah. Catchy,good one.
Fucking Goldman won’t crack even under the weight of this shitty day. I can’t believe the number of people pouring into goldman after their loss
Fly, can you get a hold of Devil Dog so we know what to do from here? Dow -237 at 8596, SPX at 883.53
Get in the funnel!!!
Ok 88.62
Fuck it, FAZ time
Massive dumping volume on SPY
Are you there, God? It’s me.
“Barack the Builder” is a good one.
The Fly has a proprietary system to recognize the future – you cannot have it, that’s all.
We’re closing way under 890
Well that completes the fed fade bear flag, target reached and anything else is extra credit.
Don’t listen to “The Fly” !!!
Instead, BUY my “Trend Trading Course”…
————————-
Did I mention that I turned $33K into $7M…
…in a Market similar to this Market ?
.
…and i’m out of ERY. 5% while the batteries charged for my camera. now i’m off to take pics of the seattle ‘blizzard’.
be sure to check youtube for idiot driver chicanery on hills without road salt.
Here comes the PPT to put your tax dollars to work!
What ever side you are on, Beware the last 5 mins. Position accordingly
More DVAX @ 1.40
stop out @ 1.24 🙂
Tim here, pleeeeeese by my DVD, i blew myself up in ’06 and the sales keep me going …
Back in the funnel
In out BGZ and QID – pick it up again tmrw.
Don’t be surprised to see this thing shoot up and close above 900, market is whacked like that.
XOM : covering here : ty fly for the idea.
Watch for an auto bailout tomorrow, Feds like to fuck with expiration day.
Genius.
Funny. I’m rummaging through my bosses files right now.
Rimm looking weak into earnings. Going to buy a few puts for shits and giggles
I think I’m getting hot. you might want to follow me in DVAX.
Until I fuck up royally, which will happen…. but not yet
Am I to believe TLT is cheap here? Anyone? Any bond traders? Are you thinking this is a good place to get in? I may get my face plowed in but I am initiating a short on TLT right here right now. Fuck me if it may I can average in but this is fucking insane.
Looks like fucktarded longs are gettin scared
Fly, you must maintain the 1 post a day until this down trend ends.
Thank you.
TLT LOOKS LIKE A GREAT SHORT TO ME.
“I sold out of my last FAS and loaded up on SRS, DUG and SMN. I bought a little more FAZ too.”
Let me guess, you top ticked everything too? Any more hindsight trades for us?
3:49 pm – OMG 😉 Unsustainable?: Bonds went for further upside on the day, getting to new highs. The short end bills headed out at their highs, with the 3-mo offering a whopping -0.051% yield. The 10-yr is teasing traders with the potential of a 1% handle, although position squaring should make that move a little more troublesome to get through.
Anybody up for initiating a long position in Treasuries now? Remember oil was just at 147 a couple months ago.
RIMM doing the “Ursine Testicle Slice” in the AH.
(Shocker!)
_________
“Into the close, I expect the market to knife lower, closing down between 200-300 points”
The time machine is up and running again.
What does it say about tomorrow with expiration on hand.
Holding my XOM shorts until that fucker goes to 70
Merlin never appeared so Bulls never were in danger. Zombie drives a Zamboni. http://www.zamboni.com
X:
What more do you want? Fucking audited video taped recordings of my trades, you fucking idiot?
It’s not like I am closing out trades, dickface. I still own them.
Go suck Ducati’s small cock.
So how long until XOM asks for a bailout on $36 crude?
Fly,
I haven’t been following you long, it just seems like an hour or two after every major market turn, you have a post up saying how you bought the 2x/3x ETF (conveniently earlier on) in the direction of the move. Either your trading acumen is of godly proportions, or there’s a bit of a revisionist historian aspect to your posts.
It doesn’t take a lot of skill to make the call “I expect the market to knife lower, closing down between 200-300 points” when the market is currently down 200 points..
Is oil really up to 42 right now?
XOM can apply for tax rebates (surely they over estimated their 08′ taxes) ala Maidoff [sic] shareholders (who paid taxes on phantom income/gains) ….
X:
I have been following him since the broker A, B days, and his trades are legit. And why wouldn’t they be? Its a free fucking site. No one her is trying to show their great skills to sell you some subscription.
john,
I remain a skeptic, if he was this good, he’d be running a HF. So he claims to have clients, who knows, no one managing size is as juvenile in language as he is.