There are lots of reasons to hate this market, with very little to like it. Having missed 2/3rds of the recent run up, I can tell you, objectively, you looked very stupid out there, buying stocks, while ignoring the death needle.
Here on Wall Street, we all laugh at the common folk, who ardently, and patriotically, buy stocks for the “long term.” We chuckle, with great vigor, on full stomachs, at the inflation hawks, who so desperately want to be bailed out of their disastrous commodity bets.
However, the business of blogging is no laughing matter. Through rain or shine, “The Fly” must come out here everyday, on “The Grande Stage,” called iBankCoin, in order to amuse and enlighten the common folk—which is you—the reader.
For now, focus your efforts on the banks, cre and oil. I like long bets on SRS, FAZ, SCO, ERY and TLT. Almost immediately following this post, I will buy some TLT, in an effort to “desack” many of you inflation lovers. Furthermore, the FAZ and SRS positions, which were purchased in “Plutonium Petey’s” personal account last week, will remain whole.
I intend to take profits on them at significantly higher prices, all the while our world leaders twiddle their thumbs in some egregious G-20 meeting.
UPDATE: I bought 2,000 TLT @ $105.48
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STFU u were buying shit damn near rite at the top your the jackass who was buying shit after the market ran 20%
Captin ASSHAT
Liar
I did nothing of the sort. I sold out of all of it last week, fully documented.
Go learn English.
STFU? dude with common sense is a homo
go back to your cramer shows
He is a Main Streeter. Wall Street – 100………….Main Street – 0.
insurance stock short suggestions…wanted
Doogie Says:
I love this line:
“Aides note that Obama inherited the auto mess from his predecessor, President George W. Bush.”
So when does this prick step up and be president and stop making excuses?
It’s so tired.
*******************************************
About the same time that Prick Bush steps out of his spider hole and takes responsibility for 9-11, which happened 8 months into HIS watch.
cash…HIG
psst: SAI is green right now
The Artist- thanks..are they the weakest dog in the pack in your opinion.?
cant resist the 3x etfs, eh? i have sworn them off. they give me the runs.
Fly,
Treasuries…I guess I don’t see enough upside even if there is demand that should be pushing up the price…not sure how fast the feds will act…not saying you’re wrong, just didnt cross my radar…good luck!!!
I bought a little FAS in case of Fuckery. Will put a trailing stop on it if it moves up.
ESLR strong .bought more at 2.16
cash, HIG is not the weakest, but during down trends they fall into the funnel very easily.
anyone buying ABX here?
Bloomberg is going the way of cnbc, air heads wittering on about whether the bottom is in. 8 years in the making, this crisis aint fixed overnight, just because Geithner has a plan.
What on earth makes them even dare to mention the phrase “bull market”? Its wrong. Morally wrong, as joe sixpack is gonna get his asshole reamed by the rough end of a pineapple if he listens to them.
Jscott Says:
fuck u ass hole i have made rite calls then you this year i bet.
Kass’s prediction:
“my view is that s&p contained at 780-790 and then we move in sawtooth higher”
my brain hurts…these triple ETF’s are fucking evil..even when they go your way..could be the residual alcohol too..ABX looking interesting here…can we short Obama futures in Vegas or some shit..?
Seriously, Juice:
Kass has been bullish since 10,000. He was saying the banks were buys when Dick Bove pounded the table @ $20.
In my book, he has zero credibility.
some new 3x etf’s”
dpk, dzk, edz, edc, typ, tyh
The Fly Says:
some new 3x etf’s”
dpk, dzk, edz, edc, typ, tyh
Get your fix on
What the fuck?
“The US goverment will stand behind the warranty of you GM or Chrysler car”
Am I hearing this? This is fuckery on a grander scale on nonsence that I thought possible.
And the fucking market moves higher…..
What a clusterfcuk!
Richy, Geithner has a plan? WTF is it? He needs to follow Wagoner out the door. Hank Paulson said that he admires Geithner – need more proof?
Doogie Says:
I love this line:
“Aides note that Obama inherited the auto mess from his predecessor, President George W. Bush.”
So when does this prick step up and be president and stop making excuses?
It’s so tired.
*******************************************
About the same time that Prick Bush steps out of his spider hole and takes responsibility for 9-11, which happened 8 months into HIS watch.
+++++++++++++++++++++
All of the above will happen when Clinton lays off his latest intern long enough to admit that he flat out missed multiple opportunities to turn Osama into a smoking pile of ash. In other words……none of the above will ever happen.