We are at a crossroads, gentlemen. Quit smiling, acting all retarded, this is a very serious matter. The first person caught smiling gets his/her mustache punched off.
We are at a crossroads and we need to sprint higher, or else overweight slobs will dance on our freshly dug graves. With regards to the markets, this is a matter of life and death. Hence, it is NOT a laughing matter.
I’ve been busy thinking of ways to ensnare him (the bear). He is clever and is unrelenting in his efforts to destroy all people associated with the ownership of stocks.
So far, so good, with oil charging higher, the dollar stuck in the sewer, we have a better than average chance to win today. Most of my positions are higher, marginally—except for the whore of a bitch Flotek Industries, Inc. [[FTK]] . Thus far, my late date ball grab, buying 5,000 [[ERX]] , was accurate, as oil stocks lead the way higher. And, I am pleased to report, [[ENTR]] is not acting like a soon to be bankrupt sinkhole.
Nonetheless, we are not out of the woods yet. The market needs to move 100 Dow points higher, in order to grab the attention of pigeon brained money managers. We must lure them into ideas about “window dressing” and showing their idiot investors how smart they were this past quarter.
At the end of the day, we’re all a bunch of FAZtards and FAStards, battling it out for some worthless currency.
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Don’t fight the trend, Fly.
Look at how many stocks have gapped below their trend lines/moving averages.
Sell your residual shit and either be flat or short.
take a looksie at gold miners…. Interesting indeed. They are running up as though there is a major reversal underway…
I agree fly.. We rally today.
more of a stock pickers mkt,,then whole mkt stampede….bonds are fucked like Angelina Jolie on crack..mkt rallies here…only to puke on itself next week.
Absolutley, this down turn is very healthy for a big rally.
I believe we might have a bit more room to go down in some sectors, but it will end soon.
No way, 956 was it… We are going to break 666 before we break 956… good luck…
Dorrar is a horror, right now.
Give me a fwower.
________
If the dollar direction is anything to go by, the market should rally… should rally, should rally.
Blues:
You’re a fat slob.
Thanks Master Fly.
The volume of FAS and FAZ is just insane. Those two do more than the XLF, QQQQ and SPY put together.
It’s all dollar related. You know the drill.
Dollar up, stocks down.
Dollar down, stocks up.
The black boxes,dark pools,TradeBots,etc. constitute some 75-80% of trading (read it in Bloomberg over the weekend).
Just be on the right side of the crapshoot.
I hope you’re right, I sold out of a lot of my shorts and are looking for new points of entry.
You sound like Hunter S. Thompson just now. And yes, that’s a compliment.
A close above the 50 and 200 SMA could be seen as a sucessful test of those averages. Money managers might pile in on that..
Fly are you bidding for the CNBC shit? You should then act a fool out there with these fucking idiots.
This market deserves to die.
Fly;
One thing to consider… if you think the market direction you favor (up) is really contingent on seeing a quick 100 point move today… that it really hinges on that, you’re really not that bullish at all and in fact possibly more negative than you think…
The market needs more than the fucked up real money accounts buying… it also needs a decent policy and economic environment and until we see good evidence of that this market may rally, but it will be a very shallow move.
A weaker dollar, higher oil etc. are really nonsense reasons for the market to go higher, in fact these forces suggest the opposite to be the case.
Who really wants to buy US assets when the currency is fucked?
Fly, stop being so bullish.
Smile with a mustache.
http://www.youtube.com/watch?v=YmoQ0IZxCY0
“I agree fly.. We rally today.” Ya, rally hard you bulltard! We are up 0.27% on SPX! Ya go baby!
Look bulltards are doomed. No way we going to get any recovery or green shoot. D.C. been smoking too much of their own geen “weeds” already. They are Hallusinating green shoot where the only thing in front of them are bull crap!
And yes Fly, I’m fat slob, but I’m fat slob with $$$!!! Ya market crash!
And Bermonkey is screwed! Look you want low interest rate? You have to crash the equity market in order to “scare” people to buy treasury to push the rate down ok?
You want to keep the equity market floating high then you have to have high interest rate! So how’s the green shoot? You want high equity price? You got to have high interest rate and high OIL price! And then in turn, American will get it in both holes! High interest rate PLUS high inflation! HAHA! Fucking bulltard, want high equity price, in your WET DREAMS!
fly why do you like FTK so much? Senior board members resign over differences with the CEO, sure dilution to come (to cover debt)…what am I missing?
“At the end of the day, we’re all a bunch of FAZtards and FAStards, battling it out for some worthless currency.”
Pure GOLD!
By the way bulltards, please get educated first before you start your wet dream about SPX going quad digits by reading articles like these:
http://market-ticker.denninger.net/archives/1148-Liquidity-Disappearing.html
http://zerohedge.blogspot.com/2009/06/market-neutral-quant-deleveraging-comes.html
But one thing I totally agree with FLY, FAZ IS DEAD. You guys, forget about FAZ ok?! Not sure why people are still so in love with that shit? Financial has been GAMED ALREADY. EASY MONEY ON FAZ has been made already! From now on, UNLESS AMERICA COLLAPSES (which I would love to see), financial sector is just going to be DEAD MONEY for both longs and shorts alike…
Blues sounds like a more verbose version of the Dog. Pretty soon he’ll be telling us how the system is corrupt… Hang on he sorta did.
PPT is actively back dislocating shit in the market like a mafia bodyguard. When’s the last time the USD was down the the Mkt was down, and bond yields were down.
This mkt is choppy like Paul Bunyon swinging his fuckin’ axe. Wish for the rally, but watch out, the axe might take your head clean fucking off.
Don’t forget the Fed took $53b out of the financial ecosystem last week not including the repayment of 75B from the banks (RE: TARD, I mean TARP). With a shit load of bonds to sell this week- why would the FED intentionally want the equity markets lower? Guess you numb nuts forgot about that.
j,
I don’t know you but for the next week at least, can you please not predict the direction of the market
I’m praying for a head and shoulders crash and I have a feeling you’re going to jinx it against me
Thanks
I got nuthin’.
PM nap.
j,
I agree with Superstitious, please stay on your side with the other permabulls.
No offense fly, but this is nothing more than a dead-cat bounce (and a weak one at that). Any strength today will be a great opportunity to unwind some positions…especially for people like you who are still heavily weighted to the long side.
Superstitious (Joe?):
You’ve got your chart upside down as it s reverse head and shoulders. Fuck off and buy some elevator shoe inserts.
GA:
I’m not bullish or bearish as I can’t read this market. I distinctly recall you were bearish for most of the 40% up move though, tiger, so you shouldn’t be acting like George Soros because we’ve fallen 5% from the recent top. Don’t get fucking cocky with me, nimbus.
Fly,
Sorry, I couldn’t help but smirk and giggle so proceed with punching off my mustache.
Seriously, I think the market is heading lower here. I certainly could be wrong but I think it is heading lower over the next month or so.
Dear Sirs:
I have been a Board member and a substantial shareholder of Flotek for more than ten years and currently serve as the Chairman of the Nominating and Governance Committee of the Board. Over the years, I have had many policy disputes with Flotek’s Chairman and Chief Executive Officer, Jerry Dumas, involving a variety of issues. Based on a number of recent events, I came to the conclusion that Mr. Dumas should be replaced as Chairman and Chief Executive Officer and as a Director of Flotek. The Board has not supported me in this and I have concluded that I cannot gain the support of the Board as it is presently constituted or as it is likely to be constituted in the near future.
For these reasons, I hereby resign from the Board of Directors of Flotek.
Fuck it, it just bought some Euro/Yen and straight dollar yen.
Zephler was the straw that broke the camel’s back. There’s almost a 90% unanimous call the market is heading lower on this board.
Long dollar yen at 95.17 s/l at 94.76
Long Euro/yen at 134.23 s/l 133.63
You are all a bunch os pussified bitches! where is the credit that’s due me? I helped uncle same banked serious coins from the TARP loans. JPM and GS alone, paid uncle sam over 1B in dividends. Recognize the genius that’s me, assholes!
they heard you fly
Sometimes the next tide may not come for a long time…or may come too late.
The 60 minute MACD is about to cross bullish on the S&P and that should help a rally into the close, and then into tomorrow. This pullback may actually be healthy.
j,
Making a call that the market is headed lower isn’t a popularity thing, it’s a TA thing. I guess Elliotwavers would probably say we head higher then lower. The trend says down.
I am long FTk – following fly into the toilet….
Why the EFF if someone is bullish, they become an EFFing permabull? Yes, I’m still EFFing bullish, you bears need to show me something more than this weinie crap you’ve been throwing around. I’m bullish until I’m not. Then it’s cash or short. No, I won’t be hedging for these little moves down.
Chicago:
Which trend is that? The short term, medium term or the long term which in Devildog’s analysis says the 200 year trend-line that’s been broken for some reason.
Most TA is total bullshit unless it’s married up with fundamental analysis which is another way of saying using one’s noggin and thinking about the macro and micro (company performance).
That’s why a lot of the guys here missed the 3rd or 4th biggest rally in modern stock market history. They kept looking at squiggly lines and other assorted voodoo and didn’t look at the dynamics like… oh recaps were causing bank stocks to light up and such.
People following the Fly’s blog/PPT.
How many shares of FTK do you own???????
I have a feeling we are majority shareholders.
sold longs into todays “rally”, i expect we go down more. Such strong reversals as yesterday’s do not reverse again just next day. We will need some time to adjust to new reality or some good news to drive markets substantially higher.
What bunch of morons in this here chat room.
If any of you truly understood the meaning of “risk reward ratio” you’d at least be all cash, if not short.
Just saying!
The only one that needs to get higher and break teeth is you Fly…MARKET INTERNALS ARE WEAK! TRENDLINES ARE BROKEN! UNEMPLOYMENT IS HIGH (although probably not as high as you are)
CREDIT AND MORTGAGE DEFAULTS ARE ARE ALSO HIGH (probaly higher then you, but I know you can do it!!)
…but hey..who am I to talk shit…after all you ARE THE FLY!!
v intelligent comment up here
sold longs into todays “rally”, i expect we go down more. Such strong reversals as yesterday’s do not reverse again just next day. We will need some time to adjust to new reality or some good news to drive markets substantially higher.
Cant’ agree more apart from the fact that some sytocks will rally the same
iLNIoi