Let’s stop casting aspersions on one another, with regards to the gluttony of others, wanting more downside, hankering for America to be deposited into the shit bag.
While some of my contacts in Texas enjoy ripping you jerkoffs off via expensive Texas Tea, “The Fly” enjoys reciprocating by way of shorting Mr. Ten Gallon Hat’s common stock portfolio. It’s not a secret, I’ve been comically busy, in a slip on a wet banana sort of way, at work, doing what I do. For the record, I am not writing a book, nor would I have the ball-sacks to dare write one, at the tender age of 32. People who write about their lives, while living in their prime years, are fucking idiots and should be shot with high grade tranquilizer guns.
Most of the proletariat are bullish on stocks again, based upon some odd plan that has been regurgitated a half dozen times. The plan, as it stands, is nothing more or less than “cash for trash.”
So, with that in mind, does it not make sense to bet against the men, dressed in purple pinstriped suits, dancing atop of industrial sized satellite dishes? I think so.
“It’s not doom and gloom if it’s fun,” my grandfather used to say (actually, he never said that, but it’s convenient for me to lie). My gut says the market sustains higher levels until May, then quietly fritters away into microscopic dust particles, never to be seen or heard from again, as unbelievable as that may seem (in fact, that is quite unbelievable, indeed). Howsoever, my brain says to bet against the Guy Adami’s and the Pete Najarini’s (however the fuck he spells his name) of the world, via large elephant cocked sell orders. I am talking “crush your neighbors house with medieval sized trebuchets” sized sell orders, the sort that can send your stockbroker packing for India, in search of a higher being.
But, being that I have placed my balls on ice for the moment, I shall endeavor to gradually reenter the market, using small “chick-type” trades to warm up the old street cannon.
First on my list of names to bet against is PACW, then ACC, then HME, then WRI, then MAC, then the entire oil/gas sector. Not to ruin the moment or anything, but I will not be trading for a few more days.
But when I am ready, it will be splendorous. It will be regal. God damn it, it shall be stately!
A Shot out to my boys in Texas!
[youtube:http://www.youtube.com/watch?v=E_BAPV3CcSI 450 300]UPDATE: Sweet!
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Possible solution to this possible 2nd Great Depression: Everyone in the world reads fly’s website and follow his every move(make money).
From wiki: On occasion, disease-infected corpses were flung into cities in an attempt to infect or terrorize the people under siege—a medieval variant of biological warfare…
How fitting.
If you have never since the best clip from MTV cribs, I highly recommend:
http://www.youtube.com/watch?v=TFa6Yf-sCQ4
THAT’S GATOR FUR!
Elephant-sized balls on ice, that sounds nice.
IF YOU’RE A HOMO!
Upon being asked if he was hungry, my grandpa used to say “I haven’t been hungry since 1933.” Everytime, until 2008, when he died in his farmhouse at the age of 95.
Now his children are trying to find a way to pay the confiscatory taxes on the inheritance, which consists of nothing but the zero debt, unleveraged farm land that he acquired and plowed over his 80 year career.
Prepare to be hungry.
Damn that was funny…
“elephant cocked”
“balls on ice”
“old street cannon”
lmao
Our government need not lob diseased corpses or release biological agents on the population. All they have to do to control the masses is the threat of or act of cutting off everything.
Cutting off of:
Interstate transportation – land,sea and air
Fuel pipelines
Utilities including water,sewage and electricity
They control it and they control you.
Know that the politicians and their families will be safely tucked away deep inside a bunker or clandestine resort if the shit really hits the fan.
7.62 X 39 ammo has been unavailable for months. People are stocking up because they know government can cut that off too when they feel it necessary.
As for the market, Obama could give a fuck less. The more you depend on government, the more power they have to control you.
I see bank tellers unionizing in the near future.
Not meant to kizzazz
but Fly can write, it’s what gets this blog moving
even when he’s on sabbatical
I am talking “crush your neighbors house with a medieval sized trebuchets” sized sell orders, the sort that can send your stockbroker packing for India, in search of a higher being.
-The Fly
I found Fly, holy shit.
Of course Fly’s not playing this market this past week. Busy doing other shit more important shit; what really drives fly.
Peep the l33t skillz of Senior Fly.
http://www.youtube.com/watch?v=MZFJhmoDuKA&feature=player_embedded
…funny post.
AS —
Sorry to hear. That shit is infuriating.
And wrong, at every level.
_______
Does anyone remember when ACH halted trading for 2 weeks, pending mystery news?
There’s a bunch of perverted FuckFaces that post in here. Motherfuckers wanting America to die, just so they can make 50 fucking grand. Well I say FUCK YOU motherfucker, Fuck You, and fuck you very much. These Johnny Come Lately’s are too late … most of the damage has already happened.
With that said; America will not be the same as the past 25 fucking years, but that doesn’t dismiss the fact that we still have the best opportunities in the entire world. America will rise again .. probably with a less valuable currency, and 10 a gallon milk … but make no mistake, we are still great. Great, motherfuckers … Great!
8)
Somebody forgot to tell crude that inflation was coming.
Fly,
Your application to join us in the Time Patrol will be received. You will already know when you are selected.
I think you should say fugg it and short the entire SPY float and call it a day.
The paid media will slowly lie for the upcoming few weeks of how great housing is rebounding now (this has already started by the way)…… this will be the next faze of lying fuckery to prop up the market and try to get it as high as it can before people realize they were full of shit and then the drop in the market the next time will not seem as bad….since it will most likely shoot back to dow 9000 and s&p 950ish before people realize nothing has gotten better and 3 more million are out of work, just when the hedge funds get all back in 100%, they will scramble again to dump and get out on the next drop.
This we can all thank the media and the fuckery news channels like CNBC for.
Donny, are you drunk?
Picked up DTO @ $134 yesterday. Fuck oil.
Also, any one out there ride a St4s Ducati?
no, Nation, he isn’t drunk or if he is he’s still making sense.
People are too optimistic at the top and too bearish at the bottom. As has been always will be.
Can the market go lower? sure it can, however most of the easy money on the short side has been made. Donny’s point is a good one.
i wish i were drunk.
What the fuck is this place? How did I get here?
To be honest, I had serious reservations about my e-letter to my Congressmen to support the first bailout. I am not a fan of big borrowing at all. It was more an attempt to help avert total collapse of the system. Imagine we had done nothing and you logged into your brokerage account only to see a pop up alert saying “You Sir, are fucked”.
For the record, .38.,.40.,45,.208. and most other standard caliber handgun and semiauto rifle rounds are out of stock and unavailable anywhere. Check for yourself at your local sporting goods place or online retailers like Ed’s, Cabela’s, Cheaperthandirt, etc.
It’s coming boys, keep your powder dry, and hidden.
Donny – Don’t have a stroke. You can take comfort in the fact that you will be “de-banking” them as we recover.
Who the fuck would own a .208, and is there really such a “beast”?
I am sure he meant .308 nato..christ
Hey Look!
Romania got €20 Billion
The country of 22 million people on the EU’s eastern frontier is the third member of the bloc to be bailed out after Hungary and Latvia, as world financial turmoil wiped out sources of funding for an economy reliant on foreign cash.
What is more accurate is to state that the 800lb gorilla in the market is the US debt fire sale by the previous and current administration.
I again refer to one of the most concise and bleak views of the current global situation from former blogger “LondonBanker” who’s scathing indictments of the US willful destabilization of the global markets is outlined in his Systemic Risk, Contagion and Trade Finance – Back to the Bad Old Days:
Controlling access to trade finance determines who loses their jobs, whose children go hungry, who riots, which governments fall. Without dedicated focus on the issue of trade finance and liquidity from those in the emerging world most interested in sustaining the growth of recent years, little progress can be expected.Trade finance is rapidly communicating the stress on bank liquidity to the real economy. It presents a systemic risk much more frightening than the collapsing value of bits of paper traded electronically in London and New York. It could collapse the employment, the well being and the political stability of most of the world’s population.
Put more simply, everyone is rushing to buy US debt and the emerging world is paying the cost.
Just remember, the rest of the world has longer memories than the US does.
40 year gilt auction failed in the UK.
Watch out!
All very true, Donmeister, except you live in Callyfornicatia, not America.
Here’s an idea.
The natural resource countries join up and decide to back a super currency with the price their commodities (potash, oil, shiny metals) in a basket of Euro, Yen, and Brazilian Reals.
Next, the emerging countries decide to join their currencies and back it with combined assets there.
And let the fiat based economies do what they do best.
the weapon to get is a 6.8 caliber – trust me…223 is for faggots.
And you shall have your elefant cock size balls to keep you pinned to your seat so you may wittness the change from
DOOM AND GLOOM
to
Bulls running wild!!!!
Your fucked if you think the market will fall forever!
Fugghedaboud Tejas and Romania, Fly… wait til New York gets back to the “glory days” of the mid seventies!
Good times!
__________
When a bond auction “fails”, what does that mean, exactly? No bids at all? No buyers at par value, but they bought cheaper? They only sold some of the whole issue?
pro:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQGG.mWeZ4eU&refer=worldwide
All very true, Donmeister, except you live in Callyfornicatia, not America.
Now hold on a second. There are still a whole lot of true blue patriots left in California.
….
….
….
….
….
Okay, Southern California… 😉
_______
I can’t understand why people wouldn’t want to put Londonistan paper in their portfolios at these rates… FOR FORTY YEARS!
It’s inexplicable!
_____________
CRAAPL
GOOG
JPM
GE
All up in pre-market.
Somewhat taurine, no?
__________
Prospectus Says:
When a bond auction “fails”, what does that mean, exactly? No bids at all? No buyers at par value, but they bought cheaper? They only sold some of the whole issue?
*********************************************
Our Treasury should be selling 10-year and 30-year bonds with both hands. So the hell WHAT if it drives long rates up a point or two?
Then KEEP PRINTING MONEY and let those fukin’
long bonds go to near zero, and let the dumfuks that bought them EAT them.
Fuck the gilt, the ppt will be out buying er manipulating today. Can’t trade a rigged bond game.
THE NEW 4 HORSEMEN!
CRAAPL
GOOG
JPM
GE
Mr. Limm makes a commercial.
And this is kind a funny too, in a deaths head humor kind of way.
____________
Done for the AM.
Thanks SMH.
Going Golfing today;. Will wait for the market to show itself in a good risk/reward area. Discipline and risk/management will make you more money than picking the best stock and being part of the herd. The FLY will teach some of you new traders that very soon.
Golf sounds good to me.
May head out to Bay Hill later to check out the practice round.
75 degrees and all sun.
Romania will get 20 billion euros in loans from IMF, others
NEW YORK (MarketWatch) — Romania will receive an international financial support package totaling about 20 billion euros (about $27 billion) to help it cope with its economic crisis. Romania and the International Monetary Fund have reached staff-level agreement on an economic program supported by a 12.95 billion euro (about $17.51 billion) loan under a two-year stand-by arrangement, said Dominique Strauss-Kahn, managing director of the IMF, in a statement on Wednesday. In addition, the European Union is ready to provide a loan of 5 billion euros (about $6.76 billion) and the World Bank has agreed to provide 1 billion euros (about $1.35 billion). The European Bank for Reconstruction and Development and other multilateral institutions will provide an additional 1 billion euros (about $1.35 billion).
That was one nice pop in gold.
Romania will get 20 billion euros* in loans from IMF, others
_____________
*Equivalent to 855 million goats, harnesses NOT included.
_________
On that Daniel Hannan second vid:
I can’t believe that he actually gets some applause at the 2:31 or so mark… is he not in the Euro parliament (or whatever they call it) building? Did the commies around the table not understand what he was saying?
__________
The $$ was probably for something they have for a mode of transportation called maxi taxis.
No air conditioning and they pile in chickens and all.
Fly, I think your first trade should be to bet against the oils, the banks are anyone’s guess, but as you said yourself, economic activity is still plummeting and oil is higher over the last month…..that’s the trade. Fuck Texas. I mean…..yea.
Bull trap set…perhaps…earl about to shit the shower.
That Timmy “Tap Tap” Geithner needs to use a teleprompter like his boss.
Better yet we should program some robots to do their talking.
Really smooth Timmy.
Hilarious.
The Fly is God.
Cash-N-Guns Says:
Bull trap set…perhaps…earl about to shit the shower.
******************************************
Sounds like you shorts already ARE shitting the shower. Get Bobby Jindal to clean it.
Welcome to the OBAMA BULL MARKET. Nasdaq UP 10% since O assumed office; and SP 500 up
two percent.
This after Bush knocked ’em DOWN 30 to 70%.
The Fly is God? Nope.. Fly is Wrong.
I’ve been reading for a few months now, and he’s been wrong on just about everything.. Yet he is always claiming that he’s making money or immune to losses.. How does that work?
He’s a good writer though.
Fly Fetch me some coconut milk
Generational-Oil…they havent shit the shower on me yet..as i am still putting them on right here..but of course they certainly could…now if CNBC could be canceled we could have a huge rally
Yo Fly, you are so smart. Keep it up… 🙂
Fly,
Any thoughts on China?
LOL @ the Rally Monkey snapping his little furry fingers at the Fly.
FTW.
________
MMX you must have some hatred for Fly since you have bashed him for the past 3 years or so. What’s your beef with him? Were you his prior boss?
You guys think we are starting to exhaust here? 850 was my target but who knows. I am light long and medium short at this point after letting loose longs and opening shorts.
Gapping- the CNBC retard giddy factor is getting to a fevered pitch..so a short term reversal is probably close at hand…all the fat stupid skanks are jumping around like a 3 yr old on christmas eve..only to find out..Daddy is shitfaced, no gifts, and gets caught banging the slut neighbors wife…so sad.
The British spend too much damn money on social welfare programs. Maybe a good bond auction failure will wake them the fuck up.
Tap Tap will make your dollar value go away
http://www.politico.com/blogs/bensmith/0309/Geithner_open_to_China_proposal.html?showall