I’m not selling because I am already crazy. If I had a modicum of sanity about me, I would have went to cash, prior to the Geithner “fuck you, you’re dead” speech.
His speech was a whole lot of nothing. Again, the Obama administration reminds me of small children manning a fake boat, with silly hats on.
Lucky for me, I still own large amounts of DUG/ERY, mainly because I hate oil and the people who drill for it. But, on the other hand, I am getting my eyebrows punched off in MT, FXI, CHL, BUCY and YZC, just to name a few.
Just to recap my market experience:
Never trust people who are bullish on stocks, for they are mentally impaired. Whenever you think the market will break out, run away from stocks. And, by all means, always assume the Government will fuck you in the end.
FAZ and SRS are ripping higher here. I suppose it makes sense to own these two little fuckers, considering the market is giving longs the black death. But, once again, I can’t keep switching long to short, short to long. It really is driving me crazy.
For now, I will take my lumps for being long, during a depression. And, if anything, add to my oil shorts.
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God is Fly
MAN this was NOT what we wanted to hear, Geitner is a jerk! Did they not realize we wanted a clear way to solve this problem. NOTHING was done with these bad assets…no news… That kid is to damn immature to know what to do, along with his kid brother Obama. Children running the asylum
I sold off UYG, TNA. My BGZ and SRS are roaring. I am actually UP for the day. I made sure I had some coverage in case they threw more mud on our faces…
There goes the new beginning and Obama HOPE
shoing
Looks like it went down big. Now I can buy.
If you would have taken your beta blocker like your Doc told you to, you would have stayed calm. Instead you got all giddy and giggly buying stocks 😛
Zombie lives in a suburban manhole
Zombie wears pink pants.
I am bearish as shit, but I am expecting some asshole dip buyers like the Fly in the afternoon…
RUH OH, Going long for more then a few hours is insane. We will never see the good ole days of buy and hold. I remember holding most of msft, csco, intc, aol for five years mid 1990 the whole time making coin and ignoring the daily bullshit. Phuck this bullshit, crooked, market.
This is too fuckin funny. That whole Thursday Friday rally evaporates in the space of 30 mins. All you longs got your wallets stolen. This is fuckin awesome. So glad I am short. And to top it off I own SLV GLD GDX in size. Everything is Green on my muthafuckin screens.
Ultimately, this is the same Fly that banked 70% gains last year. I’m staying long.
Patience and discipline will always payoff in the long run. I stayed with SKF whici I bought at 120, SRS which I bout at 50 and REW which I bought at 70. Under ater a little on REW but I will wait. Everyone is giddy about tech leading I think it a crowded trade.
The market doesn’t like a history lesson and a detail-less plan? Who woulda thunk it?
The “planless” plan.
is that a mustard seed i see?
Jed owns a clown suit
Classic Drudge headline
http://www.drudgereport.com/
Too funny, Fly and Henry Fool are stupid cows in the head lights.
MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
KC Bill: Nice work.
One thing is clear– Jed is obsessed with The Zombie.
fuck it, lets go to Flagler Florida and do some fishing….
Not yet ready to bail on this one…
I think we can stand the truth…
I though Geitner was going to speak?
Why did they send out Charlie Brown’s teacher?
CNBC interview: CLEAN UP TIME….
Timmay trying to clean up the POOP he just dumped on all of us.
We are in a shit load of trouble….the new crew in town has no idea how to solve this problem just like the last crew. SHUT UP Timmay….the more you talk the worse it gets.
.
The Grandmother of all rallies is upon us.
What did Geithner say or do anyways ? I don’t watch CNBC or TV in general.
BTW Where’s the one known as DONNY. Trapped in the funnel I suppose.
DEVILDOG Says:
Too funny, Fly and Henry Fool are stupid cows in the head lights.
DEVILDOG The FLY and I trade practically nothing the same. What the Fuck are you talking about?
I feel better that Devilfog showed up today.
His appearance virtually guarantees a green close today.
Dog
That sort of reaction in this era of bi-partisanship is very unhelpful.
Cap
Donny is at lunch. The day care center where he’s dropped off each morning has lunch at 12 on the dot. He’ll be back in 2 hours after a nap and some playtime.
Master Fly, will it be led by the homies and banks? Tech and energy seem a bit overbought.
This is good indication, that the Obadamiserstration, really has no answer to the situation……
Fly,
This just gives you another “Tim” to torment.
Impeach Obama and fire Geithner. Duds.
Still bullish for Feb Fly?
Me thinks Timmy might be in over his head
Stop hating on Tims.
charlie:
not bullish. looking for some upside.
JESUS…. CNBC – the man of the hour…we dont have the answer so lets just talk about CEO’s bonuses….well thats the ONE THING Timmay-Obama can do…is punish people.
CRAP, at least I am UP in a big way today…
Hope springs eternal – we all hoped from the rumors we were hearing that clarity was coming and solutions were happening. If we are discouraged you can imagine what big businesses are feeling.
Mulligan…. if he had no answers he should have never said anything.
50% cash 50% long
long : DVAX SWHC STEM SFLY PBE LOPE AVAV LZR
looking to get longer into end of week.
DOW will be DOWN 700 today and CLOSE there.
Lottery play – grabbed 30K shares AA for a scalp @ $8
nice Dog.
Clearly you’re not fucking around here.
Or, the market reverses and fucks you again.
Truly, you are the worst trader, next to Chivas, the world has ever known.
you stupit fuck i told you i switched my status to bearish the s and p most likly wont make it to 900 dont you see how much all the stocks already run are you that much of a jack ass all you got to do is watch the vix and it told you we were gonna dive THE VIX NEVER LIES
The whole Obama administration appears to be playing White House like I used to pretend I was Mickey Mantle when I played whiffle ball as a kid.
Next up: Lets play nice with Iran and Syria.
POOOFFFF!!!
FLY LONG GAINS IS GONE LIKE THAT!
DOG, 700 NOT!
We will just stay stuck in the quagmire….of misery and boredom. Going up and down without ever breaking out.
Clearly BUSINESS is going to have to TAKE OVER and deal with this situation. They are going to have to work it out themselves -value their crap, reorganize, merge, fail, whatever it takes….and just forget about government.
.
I go out to throw a steak on the grill and this is what I return too? I can’t leave you children alone for a minute…
Brian Williams forgot to give Timmy “Tap Tap” an I Luv Obama pin.
Kind of like Gerald Ford’s WIN (Whip Inflation Now) buttons.
Yeah Fly, my 300% SHORTS from 9/19 and 1/6 really look like shit today. You are going to lose your ass today and for the next several days. I’m not a day trader as I’ve said over and over. My BIG SWING started today and is going to cut your and the other stupid cows heads off. You still don’t know that you’re hanging upside down from the ceiling of the slaughter house.
This is my battlefield and I am in control.
Marines will kick your ass every time.
Fly what do you expect on oil and gold?
Time to buy ’em….break out the oatmeal bowl. We need a good old-fashioned Quaker Oats rally.
UYG and PALM top picks
None of those clowns knows what to do, except throw money at the problem and try to buy some time. They hope the problem will correct itself on their watch so that they can eventually take credit for it.
However … FDR took over at the bottom and got to ride an improving economy, which many idiots still attribute to the New Deal. This administration will have it much rougher. The situation is going to get a lot worse, and may not even bottom before the next election.
In other words, all plans to fix this mess over the in the forseeable future will fail. Social acrimony will boil over at some point.
poor timmy.
LG, when you’re hanging upside down from the slaughter house ceiling you should not wear a skirt. You are DEAD wrong.
i wonder if this is the mother of all headfakes
ps: (if this works)
D-DOG:
Take your little gains you may have on the table today and go home.
Why doesn’t the FED just print 100 Trillion dollars and fix the fucking problem ? Its all play money anyways.
Lady G
I agree that the private sector should sort this out, which it could, but business will hang back as long as government is involved since no one knows how the governemnt is going to react.
Sort of like the Thirties. And to top it off, we will have all sorts of private investment being crowded out.
DOG I am UP today ….in a big way so SHUT UP!
What we need is someone like Newt Gingrich to unite these banks, insurance groups, and whoever else into one cohesive group and come up with a plan. Then that group buys a full page ad in the Walstreet journal and buys time on television and unveils a “CONTRACT WITH AMERICA PLAN”.
Business and the American people work it out and by-pass government. Who says…government is the only institution big enough to handle this problem? Thats bull crap and propaganda they want you to believe you are helpless without them.
There is ENOUGH MONEY on this planet to solve this problem as well as bright minds. NEWT #2 where are you?
.
.
Sold half of my TXT took good profit.. now fucked
Dawg, your incessant use of slaughter house imagery gives me some pause with regard to the safety of those close to you.
You haven’t by any chance fashioned a mask out of human skin recently, have you?
____________
Timmy had to know this “no plan” was going to be a problem, but his boss pushed him to move fast? Starting to think Obama might be outta his league
Henry Fool, keep buying stocks and giving me your money. I’m not covering and taking my well into the 7 digit gains until we hit the intermediate lows which are much further DOWN. See your head laying on the slaughter house floor when we get there. MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
I voted G. Gordon Liddy for President
Jake, it should have you concerned you’re one of the fattest cows.
Gotta go now and throw on a STEAK for lunch with a very RED Cab!
I have been spanked by big brokers sucking people into a vortex with their level II trickery.
I am just a Piker.
I don’t see a move yet, just the wig-out.
.
yeah ok.
dog,
don’t get me wrong, i want this fucking market to tank but every single one of the 300% shorts is at a lower price then where you bought them, SRS is break even at best, FAZ is fucked, SKF is b/e, fxp, eev, tza, all of those are at lower prices then where you bought them.
Dog, you better hope so, because you are still seeing red on some of your SRS and GOLD trades.
The market now fully understands that the leveraged ETFs don’t work worth shit for more than a day or two.
However, I don’t think the market understands that the leveraged ETFs don’t work worth shit for more than a day or two in this very volatile market environment.
Should this market show an extended trend in one direction or another, the leveraged ETFs will suddenly be working just fine and there will be a lot of people betting the wrong way.
In the meantime, the leveraged ETFs will continue administering two boots-on kicks in the balls for every one soapy massage they provide.
Yesterday was indeed the Cramer/Fly top.
Boo YAH!