Once again, the motherfuckers from the Fed and Treasury are clown raping the market. To make matters worse, I have a net long book now, into the teeth of a steroid induced collapse.
All of our leaders are ball-less. One way or another, the market will be worth less than a package of napkins, inside of 6 months.
BEHOLD: I have long positions.
Once again, in true circus master form, I might be forced to trim down some of my longs and add to shorts.
Why?
Well, for one, it makes little sense to ride these bastards down. And two, I need to lower the volume on the volatility.
The market is always out to kill me. If I were to get all emo and shit, holding positions just because I thought they were cool, I would have been wiped out a long time ago. Without a doubt, the time to sell short KIM, MAC, ESS, FRT and SLG was yesterday. By chasing them lower now, after the fact, would be utterly fucktarded and plain ol’ vanilla gay.
My goal here is to not get net short and make a gazillion bucks. Instead, I will calm the fuck down, raise some cash, hedge up a little, then go eat a few sandwiches.
After all, every time we get these sharp moves lower, miraculously, the market seems to go up, shortly thereafter.
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The FLY sucks
Devildog wins
Bull shit! The Fly is God.
Fly is on fire. does that make him a firefly?
Anyone could have seen this fucking selloff coming and the FLY got long.
HA HA HA
Mark to Market will be suspended in the next few weeks. Mark it down.
The FLY got long so that he could give back some of his year to date gains in order to better compete with you mentally impaired folk. He didn’t want you guys feeling too bad about your negative YTD performance.
yesman: your net worth: 3240.45 (Yen)
The Fly’s net worth: $13,546,444.32
Zombie, just keep sucking that cock you know you love it!
Developing….wtf?u useless POS.
Yeah, it’s adding to the XOM puts day. Woohoo!
Ryan
yesman, who the hell are you- that you knew the mind of Timmay before he spoke?
The propaganda news for days had been leaking what was going to be said today…again people ‘ bought’ on the news.
The news MOVES MARKETS, not charts. Charts move a market when the market is BORED.
If Timmay had come out with a clear path and some solutions to the bad assets the market would have either stayed where it was or rallied a bit. Instead he came out and said virtually NOTHING and that nothing…didnt inspire confidence and in fact made matters worse so the market sold off…for the day.
It did NOT crash much to Devildog’s dismay. The market was overbought but news moves the market these days…the news was not good, so the market replied.
You dont know what is going to happen till they open their mouth…as talking heads are just spreading rumors and ideas and not the real facts.
This is a difficult market, the best solution is to hedge both sides equally and not get too extended one side or the other.
.
The Fly puts his buys and sells out there and he is doin a hell of a lot better than I.Gotta respect transparency;shame our government doesn’t
developing… a lego village to put my family in
FLY paper trades!
emperor has no cloths… whichever you prefer
Zombie has a hairy back.
The Zombie eats urinal cakes.
The Fly is not god, he calls a good day here and there, he gets shoved down his own funnel fairly often as well.
Preservation of capital is the name of the game, profit is gravy in this market.
No one has been here before- our government jumping in every so many weeks and messin’ things up really doesn’t help.
Blame games, quagmires, hit and miss, you do your best and hopefully you come out alive and with your capital intact.
I know Fly loves to brag when he is right, but he also admits when he is wrong and that makes him ‘a good guy’ in my book.
.
.
Jed is clearly obsessed with The Zombie.
Half the idiots here r fly himself…
Zombie licks goat balls while jerking off Arabs in Ohio, all the while listening to Hillary Clinton propaganda.
HA HA HA
god bless PBR, it was made by jesus himself to hedge with. nothing but premium in that bitch and it is saving my ass today.
Net short, market is going down. its really that simple
EGO filled that gap from this morning.
____________
Jed and yesman play bum darts with eachother
Tried to post on Danny’s tab, which is still blocking my posts:
Spelling is tier dependent.
1st-tier blog: indeud
2nd-tier blog: indeed
3rd-tier blog: indued
4th-tier blog: indeedy
it wasn’t the geitner speech, people.
chatter out there are talking about yesterday’s CNBC interview with Roubini and Taleb, their interview has turned “meme” (in part because of a show of how stupid the fucktards at CNBC are). market started dropping before geitner, he just confirmed the meme of the day (formed the day before) that was still being digested.
fear of nationalization, reduction of the debt markets, and all-around shittiness.
2retarded4skool –
You must be at least this tall… —————-
–
–
…to get on this ride.
Where did these asshole on the blog come from? Did DT shut his site down or something? I dont understand? The comment thread had been taken over by unknown douche bags.
The quality of the converstaion has tanked like the market today.
FLY- I know you are busy with the markets today. However, can you do something about this?
Thanks
FLY STATS:
YTD returns: – 15%
Hope is for losers
the fly chases moves. followed for awhile. market timing is poor. highly entertaining, though market commentary is of limited value.
give back my YTD 10% gain today, but not too worried.
this is more like a capitulation. I will buy more soon
cover your shorts today or tomorrow!
Shut up you little bitches.
Go scratch your hairy ass and make some market calls.
Market was overbought but is still holding the november trendline. Probably going to tag it or shoot a little below before resuming the uptrend.
If we rebound towards end of the day, I will add to shorts…but if we finish down big today, I will cover…
Convenient that DDog omits mentioning his 30% loss in DZZ
I’m not shorting here. No way.
That Roubini Taleb interview is awesome. I watched it again today and paid careful attention. These guys basically want everyone running the financial markets replaced Bernanke included ‘ The pilot crashed the plane. Do you give him another plane to pilot ? ‘( Taleb on Bernanke) Harharharhar
By the way: The PPT is showing a 2.19 score, representing the lowest score ever recorded.
Everytime it gets around these low levels, the market bottoms.
Or, we just collapse.
Which banks will fail the stress test?
Dumping airbag
added to my ery @ 33.8
Yesman- you’re an idiot.
Also, Zombie is actually “the fly”.
CAP can you provide a link to that interview plz
Shorting here is river boat gambling. We are closer to the bottom than top. Look at the volume in FAS today by the way, holly shit!
Well that solves everything.
We collapse and bottom!
Dow – 5000, S&P – 500, Nasdaq – 1100
Bitches follow me and ride this titanic of a market. No escape. Obama is gonna make America like Kenya. You seen of TV the way his peeps live out there. For god’s sake they don’t even have interwebs and googles. America will be a country full of Sheperds and goat rearers like Lord Hesus.
Any of you chart voodos out there…did we breach the November uptrend?
I might short some QQQQ’s/SPY calls to take some premium.
Momentum is clearly to the downside, but I am too, not sure about going all in short here…
i scratched my ass, so here’s a market call: we don’t bottom until equity put:call ratio is > 1. nothing like pilfering the fly’s cash straight into my (insolvent) bank…
BIG MIKE, Give up on the markey…u Fatso. Buy urself some Goats, Hens and shit. No November trend line is up my ass. U will have ur pubes knocked off if u trade technically, right now.
Yummy, just finished a 2.5 inch bloody rare rib eye and a bloody red Cab…delicious. Those stupid fattened cows make great steaks.
Hey Fly, j, puny, jake, Henry Fool, gapping & LG, how’s that stupid cow dip buying going today?
Look’s like my 700 down will be about 500 down instead.
No problem. Still got tomorrow and the next day and the next day………….
Well off to drink some Booker’s before the close.
Mother market is a WHORE
here’s yesterday’s interview if you didn’t catch it (WARNING: you will want to cockpunch Dennis Kneale and the rest of the CNBC clowns after watching this).
CHARLIE…Mother Market is your mom. She is a really tranny and a real whore..u Bastard. Be useful than ur stupid comments.
Covered RJF AM short from 21.5 @ 19.63…these hayseeds are one of the few that didn’t take TARP $. Covered WFC as well here @ 16.63
Table summary of who got TARP money:
http://projects.nytimes.com/creditcrisis/recipients/table
the time to short KIM was last month like I posted then.
Zombie talks to pigeons.
Senator Shelby: What plans can be implemented immediately?
Timmy G: I can have Turbo Tax downloaded by this weekend.
Smart money still not buying. Maybe last hour?
Chuan is losing his stupid ass and head. So deserved for a young punk. I’m betting you lose your entire account and will disappear from here to no longer help lead the stupid cow herd to the slaughter house for me to decapitate. That’s ok there is an endless supply of spoiled, clueless punks like you in the USA.
Indian – I usually only say what type of positions I have/will take down rather than tell others what to buy. However, when I do see a strong position I’ll post it several times. I pointed out a SOLR rally in early January that netted big gains.
Senator Shelby: ‘What plans can be implemented immediately?’ (thinking: you pencil-dicked little shit)?
Theres a difference between being afraid and being concerned. CAP will be afraid when his down down down fails to reach his target and he hadn’t taken profits when he should and the market his melting up.
I already took profits on the majority of my longs and will now average down here and begin buying into weakness. While I’m concerned about the market being down big today
Im doing well enough from taking gains when I could and will buy this pullback to set me up to sell CAP’s dick sucking panic.
doubled up on LOPE @ 18.65
doubled up on LOPE @ 18.65
Wow interesting interview with Roubini and Taleb. I was at the doctors during that time and missed it. Thanks for the link.
Scary stuff! How do you get rid of everyone in government and everyone running the banks? Roubini is just one guy.
People are going to have to get frantically angry and off their butts before change takes place.
More deleveraging they say for 4-5 more years…..SHESSH!
.
bought final lot of LOPE @ 18.01
Loaded. cost basis 17.95
Big rally coming as people cover shorts and take profits
Maybe the rally already happened ….. the strong hands sold to the weak hands and now it’s time to break the November lows.
I’ve got to hand it to the Fly – you are one HONEST prick.
This whole country is full of limp-dicked mama’s boys with high, squeaky voices raised by divorced mom’s – never learned how to man up. Taxcheat Timmy, Bernanke, Paulson, Bush, Obama, all cut from the same gay CLOTH.
(AND WOULD YOU FUCKING RETARDS LEARN THE DIFFERENCE BETWEEN CLOTH & CLOTHES – THEY ARE DIFFERENT FUCKING WORDS YOU MORONS – YOU DON’T WEAR CLOTHS YOU IMBECILES)
The Fly man’s up and admits he fucked the pooch – big props for that – if our elected officials had one tenth the integrity, we’d be bottoming now and heading back up – instead we’re on the expressway to Hell and God only knows where the bottom is.
Gotta go slap Wilma’s ass.
I should add, I don’t know where we are headed – I am pretty short right now – but I have found it very interesting we have only spent a few measely hours under ES 800 and it sure strikes me that in order to set a true temporary bottom, we really need a retest of that 740 area and we have spent ZERO FUCKING time anywhere near that level since late December. We are almost halfway between 740 bottom and 940 temp top – but this doesn’t strike me as a big point to bounce up from – especially after today’s big NothingBurger clusterfuck.
But what do I know.