Scared Yet?
Ooh, U.S. employers slashed jobs, sending the unemployment rate up to 9.5%. Are we about to form the ever ominous “W” formation, with regards to the markets and the economy? Stay tuned friendly folks of the internet; we shall find out soon.
If I was to tell you “there was no surprise in today’s weaker than expected jobs numbers,” you’d call me a “market apologist” and “permabull” (an internet favorite), so I will refrain from doing so. What’s important to note today is my face being ripped off by rabid clowns, completely unexpectedly, due to my long bias. For the day, I am “enjoying” steep declines in (ERX: 39.90 +0.76%) , GameStop Corp. (GME: 19.285 -0.59%) , OmniVision Technologies, Inc. (OVTI: 15.68 +0.84%) and Corning Incorporated (GLW: 18.23 +0.83%) —just to name a few. The pendulum of death swings in both directions. Much to my chagrin, it is now stuck in my cranium.
Despite today’s drubbing, I’m not going to throw gasoline on the grill, by shorting stocks here, after a 170 decline. The fact of the matter is, stocks have responded very well to sell offs, in recent months. Therefore, I will tough this one out, like all of the others, unless of course the shadows near my favorite urinal tell me to hedge my positions. Last I checked, the shadows were just sort of standing there, doing nothing.
UPDATE (PPT only): THIRD LARGEST HYBRID DECLINE EVER (statistical data on previous dips of this sort)
FIG
I guess bad news is bad again.
I believe we may get another down day on Monday before screaming higher and ripping the testicles off the bears.
Why do you believe that?
Bought 1000 GLW at $15.07. Thanks for the cheap shares.
On the bright side of things ….I understand you can buy a Dodge Charger right!
may Dennis Kneale be struck by a rogue Korean missile while knitting on the beach in Hawaii…
I was just thinking about the urinal shadows last night. Wondering what they were up to, and all.
_______
Fly,
my first post is up as new King of the PG. Thank you sir for the honour [sic]…
mrkcbill feels more comfortable using a bidet instead of a urinal.
Jed
There’s just too many bulls out there who will be looking at this as a pullback buying opportunity.
Flat Man…play it the way you see it…and you will soon be “Flat Broke Man”
My current positions: ERY, QID, SRS, TZA
I’m holding these till Monday, probably sell at the open.
Your welcome.
One last try to help you Master Fly. Tighten that leash on GME http://img6.imageshack.us/i/gmetightstopjpg.png/
this mkt acts like shit on a stick today…longs trapped, no rallies to sell..bears pissed no rallies to short…
What the fuck are your shadows doing hanging out in the men’s bathroom, no offense to homosexual shadows, of course. Shadows don’t know how to use Craigslist? I mean come on, even Senators know how to do that.
Jed, got voted down on seeing Public Enemy tonight instead he will enjoy Sandra Bullock in “The Proposal”
calm down and go eat a triscuit.
California State Representatives doing budget accounting for their debt issues:
http://www.youtube.com/watch?v=7GSXbgfKFWg
Well, add to that…. I heard Ford is considering rolling out the Pinto again….with the gas tank neatly tucked under the rear axle…just another deathtrap to consider…..DIEEEEEEEE
Put me on record saying that I believe the market will go up Monday.
Finding comments are easier. Now you just need to make the comment link NOT drop you at the footer of your website.
Steve..your on record..hahahahhahaaahahahhaaaa.!
California is a joke…US Govt will be issuing those same worthless pieces of shit one day too…we are all fucked long term…perhaps Obama will be revealed as Michael Jacksons gay love interest..and resign while wearing a muslim fucking wrap…IOU’s hahahahahahaaaa
Stocks were tired, and they took a little nap. Flat Man - you may want to lock in your profits today, the sheep entrails I examined this morning told me to sell my tza at 11% gain and buy URE instead.
Be careful betting against the fly. It can be done, but doing so should always prompt a conviction check on your position.
Chart Addict is up 200% for the year. You are up 60%. And you keep saying technical analysis doesn’t work? Me thinks you crazy, bro.
Captain Anarchy, I hear that. However, I think J6P part time trader will come home from work tonight, see the big down day, put in sell at open orders for Monday and, voila, we’ll see a massive gap down at the open. So, I want to get that, then reverse and buy URE.
Maybe you guys should try forex on days like these….I bagged over 90 pips on Eur/Usd before I finished my morning pee…
Then I went back to bed….
My UNG looks dismal….think I’ll add on some more….probably be a cold winter
We need a Forex thread….just sayin