I am dreaming of dancing marshmallows, thinking this market is going higher. Who the fuck am I kidding? This tape has sucked balls for more than a month now and here I am rationalizing myself to death, all the while this Flotek Industries, Inc. [[FTK]] cocksucker is death spiraling into the ground. Sure, there are small signs of life, especially in the tech space. But, for the most part, the FAZtards are having their way and it’s only gonna get worse.
Thus far, all of the recent data points to a prolonged recession. With the consumer in the penalty box and people losing their jobs, I am out of my fucking mind, long equities, going into the slow summer months. For fucks sake, even Larry Kudlow is talking bearish now.
Aside from crude oil, the sellers are killing commercial real estate stocks, as evidenced by [[SRS]] . While it’s true, the CRE fuckers have raised a lot of money, effectively avoiding insolvency. It’s also true, their businesses still suck moose cock and their share prices are susceptible to egregious bear raids.
Enough of the bullshit. The time for having siestas in the shade drinking lemonade are over. I am starting positions in a variety of inverse etf’s today and I am not going to think twice about it.
If you enjoy the content at iBankCoin, please follow us on Twitter
Horrible!!!!!!!! FXP looks interesting.
Wow, a change of heart again. You do know that too many change of hearts leads to lots of farts!
your being sucking into the flaming H&S forming horseshit..we all know the obvious…the next move will up..at least to S&P 925….inverse ETF’s yes…but perhaps just not quite yet…imo.
Then change the damn banner to where you’re predicting LOWER stock prices!!!
Fuck off Capt Kirk. Don’t you have a space ship to captain?
I just shorted some oil. I think this is heading back to $50 bucks
Hey, dickhead, finally you make up your mind and see that “… all of the recent data point to a prolonged recession”. Wow, what a revelation!
Where have you been during last weeks? Too busy spreading bullshittness all around? It seemed to me you were hired by Goldman Sucks!
Now, I’m sure that many boyz following you won’t be able to “change the jacket” like you do in a such quick way, so please, next time be more cautious!
Yes, I was hired by Goldman Ball Sachs to hoodwink you all into stocks, while they get out.
You’re an asshat. But you already knew that, didn’t you?
On a serious note, I will not buy the inverses until the end of the day. I just know the minute I buy them, the market will be declared a MUST OWN by God himself, sending it back to All-Time highs.
That’s the sort of treatment Mother Market has distributed to me, as of late.
It seemed to me you were hired by Goldman Sucks!
There we go again with Goldman Sachs. Goldman Sachs took the WTC down. They were short stocks that day.
I tell what is a fucking abomination and that’s the basic material space. RIO, BHP, those fuckers are so over priced it not funny compared to the other sectors.
I waited for oil to trade below 60 bucks to get some conformation and I reckon this is just as frothed up as it was at 145 bucks.
You were in love with BHP a short while back…
as i said yesterday – bulls can you hear the market’s farting sound?
RIG…& NOV looking good for a trade here…
moose cock
instant classic.
Lutz drove off in a Chevy Malibu…Hahahahahhaaa…fuck you Labeau dicklip…yeah then he left it running at the corner for some crack head to take..and got into his Maybach…GM…RIP..hire Lenny D as your spokesperson….hahahahahha
Fly
On a serious note. This site is aspiring to be the best trading blog around. If you’re serious about that shit you should ban the next fucker that puts up a Goldman Fucking Sachs truther conspiracy theory. I’m fucking sick of them and I’m sure any reasonably clued up dude here is sick of those fucking idiots that don’t understand the markets using that shot as an excuse.
I like that idea J. We can just ban anyone who talks shit about Goldman. That would certainly raise a few eyebrows, wouldn’t it?
j, you don’t find the recent algo theft at GS to be at least a tad interesting, from a conspiracy theory perspective?
Shed
Interesting in what way? That they had a set of logarithms better than what other people had? Perhaps they did, although i have my doubts theirs were better than say Julian Simons from Renaissance capital.
In any event they’re smart fuckers, they hire smart fuckers and were mentally mature enough to hold their business strategy in the face of a firestorm last year when everyone got out of trading. Seeing they’re the only ones left on the block they’ll make horrendous amounts of money for the next few years. Good for them.
j, you avoided, (probably unintentionally) my point.
When was the last time the FBI was involved in an IP case?
Shed:
Dunno last time. I’m sure they’ve been involved in numerous patent theft like cases in say the pharma sector as an example.
the guy committed a fraud by stealing propitiatory knowledge from the firm.
Here’s my question. Why wouldn’t the FBI become involved in a clear case of theft?
Well, I am sure you will agree 911 was a Bush Operation.
Anybody who thinks nineteen liquor-drinking and rather stupid young Muslims,
directed by a gimpy Arab hiding incommunicado in a cave in Afghanistan, could
pull off a stunt as complex as 911 has shit for brains.
How the hell could these 19 clowns circumvent our FBI, CIA, INS, Department of Defense,
airport security, while simultaneously commandeering FOUR airliners in THREE airports
within a 12 minute period, THEN crash them perfectly into three buildings in two cities,
with nary a hitch, in a fashion such that all evidence was destroyed?
Wake up people. The Bush Regime had means, motive, and opportunity to pull off 911.
The boozing Muslims and gimpy Arab DID NOT.
oh jeez, please don’t let my GS comment put me in the crazy bin with Bottom Picker.
Bottom, how about the investigators smuggling bombs in to 12 federal buildings. They assembled the bombs, and then walked around the buildings. No one stopped them.
Our gov’t is full of worthless fucking leeches, sucking from our taxpayer teat. It is easy to beat our gov’t, as long as you don’t take them on directly, as in with tanks and stuff.
arse picker:
That opinion alone ought to get you banned for being a fucking moron.
Bottom Felcher, I keep telling you, you are on the wrong web site!
Now bugger off and consort with your tinfoil hat buddies.
_________
From Bottom Felcher’s favorite newspaper (See link above). Just to give you an idea of just how crazy socialists can get… check out a bit from their tribute of “the Great” Michael Jackson:
Black culture was and is defined by the conditions imposed upon Black people in context of a larger culture that springs from the productive mode of the larger society; that is to say, Black culture is not only contrasted with nature, but with unnatural conditions in line with the specific history of the United States.
When looking at Black culture years from now, though there may be many artists who were political and whose music spoke to and of the actual struggle for Black liberation, Michael Jackson—who passed on June 25 at the age of 50 from alleged cardiac arrest—will shine forever brightly..
Before his death, Michael was in the midst of rehearsing for a scheduled 50-concert tour that was to begin on July 13. All the concerts were to take place in London..
He was not only a brilliant musician and performer, but was a perfect example of how the human spirit can both thrive and suffer under the death-grip of capitalist society, no matter how wealthy cultural icons may become..
_____________
LOL, even the wackjob commies are smitten by the People Magazine culture.
__
Bush will be the next CEO of Goldman Sachs, naturally. Obama will be the next Pope, of course.
See the market rally? Mother Market reads my blog and is trying to destroy me. I will not let the bitch win.
NEVER!!! (at the present, “The Fly” is losing his mind)
have your wrtist watch cleaned…and wait for the reversal rally….
You know what my very helpful “tell” is — UPS. Whenever you are looking for confirmation, take a look at what its doing relative to the market.
_________
interesting Jake, I may have to look into this theory of yours.
Calm the FUCK down !!! …..Get your tea-cup and handle, mustache reverse cow girl bar graph out and lead. Lead us you fucking Oracle of piker day traders…. and one God Like Heavy Hitting Mogul….
karma for you tropicana- smack talking everyone over last month as morons and now you’ve punched off your own mustache.
fuck off pdf. I don’t wear a real mustache, only fake ones.
pencil thins or handlebar?
handle
For easy “punch off/ punch on.”
____
damnit…I just had a glass of lemonade…..
I guess I better level it off with a little Cheerwine and Jack for my lunchtime smoother.
ROFL — the original “Souther Comfort.”
Artist, you just might be a redneck!
(But ask Shed for confirmation)
________
iiji has been riiipppping.
UPS now HOD.
Odd, no?
____
MON oversold
Martin Armstrong?
BTW: The front page pic is of me in my time machine. A little fyi.
cool machine….does it have heated seats?
Good call Fly. The trend is down, at least until tomorrow. Terranova is the only dumas who doesn’t know it yet.
TIG
Terranova is like the dipshitess Karen Finerman…..happily spending and losing other peoples money on a daily basis without any repercussions.
You sick fucks are all on our watch list.
Amen to that!!!
leaving for islamorada for 3 weeks of fishing tomorrow.
don’t get too stubborn spanky.
Fishing for anything in particular?
little bit of everything. some bottom fishing, some flats fishing and trolling.
Awesome, and good luck . Have a “Reel” good time.
great spot….stayed at many places there over the years..good fishing mate
thanks.
Watch out for the Islamofascists.
You leaving your positions all on, regardless?
_______
as of now yes, but the mental stop is tight. any move above 890 and i am gone, then just re-evaluate. one day at a time.
Wish I were going with you, or at least going to the same place. Love Islamorada.
I gotta say this market has the mini feel of the same head fakes we saw last year. It fucked my head for a while as the downdrafts felt temporary. You’d wait for the next day and the market would close flat to tiny up and then it would fall again…
Even the currencies are playing like that as it’s incredibly hard to go long the dollar or long the yen as the head fake rallies are really disconcerting.
Maybe this is the low, however I have to say it feels really like a slow motion car accident… perhaps not a train accident like last year but an accident all the same.
well said J.
the only people who know are the ones with Goldmans secret stolen code……LOL…
Fly posts he is adding hedges at 11:37am RIGHT near lows of the day. Ironic no?
Not true. Check comments section
I’ve heard rumors of this… is Fly really a contrarian indicator?
TIG
I’ve noticed FLY is really streaky. At times he’s on fire nailing tops and bottoms for weeks/months. And other times he’s a real contrarian indicator. He rarely has a random on/off hit-rate. Usually it’s white hot or ice cold.
For fucks sake , you morons… we’re all human and are right 100% of the time. The idea in this game is NOT to be right even most of the the time. It’s to make more money than you lose.
Any freaking trader will tell you, the good ones at least that they end up actually making money because a few trades turned into great ones and they let them run.
short squeeze in AIG on full throttle and go ahead and que the afternoon DJIA reversal….
Fly, I found your competition: http://www.alexpicks.com/
TIG
California can always sell itself back to Mexico……I’m sure Mexico will buy it back for what we paid for it in 1850?
detach Cali, and give it to North Korea for target practice…buy properties now that would become waterfront..brilliant..!!
New refererndum in Cali…each citizen can now go fuck themselves…should pass.
@the fly
peace, bro’ – nothing personal, just next time think about the dumb money that follow you and isn’t so quick in reversing the bet.
@ other
so, don’t you think that the market is pumped ? Ok, write a note for Santa, maybe you get something…
Seriously, I agree that the tape is the only that matter, but what when the tape is manipulated in such a rough way? Where do we want to start from … let’see … the banks’ fake earnings? The change of accounting rules? The various Taxpayer Transfer Money Program? The fact that GS and JPM are the most active member firms on the NYSE (read ZeroHedge!) ? The recent rivelation about the proprietary code stolen, which can be used to manipulate the market (by others, of course)? It’s not conspiracy, it’s bussiness as usual.
More bad news–I’ll post in the PG within the next day. Joe Six Pack has continued to pull money out of equity mutuals, and there are now new INFLOWs into money markets within the last week.
A smart man once said, stocks are for asshats.
Get thee to a beach club and go fishing for stripers. No luck this morning, just another damned sand shark.
Jake – just read your bocce story – funny stuff.
lol, this blog seems to be buzzing with lots of “Enough of the bullshit.” these days
not me
The banks brought us down the first go-round, the banks now, are basically not moving much to the downside even today, some are up, some are down but both very slight (hell fertilizer is dropping more than anything now), . For this market to plunge the banks have got to shit the bed, earnings upcoming will discover this.
The mark to fantasy ruling really was only helping the bottom line to the upside the one time….this time that will not be able to be a game changer, so now we will see more of a true story of how they sit.
the next 2 weeks will be interesting for those short or long…..
Who knows how long wall street will pump this mess . Lowerys statistics hit a 76 year high spread between buying and selling. It is so bad out there .
Sold my house. THE trauma doc had to go to 5 banks, with 20%down and show a five year work contract to get a 800,000 loan . His credit was perfect . Said his credit cards were cut in half the other day without warning.
I hear people say that only people who have to sell their homes are selling . Get real who is going to buy these homes with no jobs and no credit . New construction is selling from 400 a foot to 160 …no bullshit Mcmansions , are empty everywhere in PARADISE VALLEY AZ
Fly needs to get his hands dirty…it isnt a question of ..its getting better when..dont hold your breath
this GM fuckwad..Fritz…had to get the shit beat out of him on the playground…I personally will Never buy a GM vehicle again..(currently do have one SUV)..its ok..but so much better quality stuff out there..plus now its a matter of I hate the UAW…jackass central
Me neither.
The last GM I owned was an Olds Cutlass back about 1985 and it was a piece of crap.
My Nissans and Hondas last an average of 12 years with very little repair work needed.
agreed…love the new 370Z convertible…
Back then Nissan=Datsun
http://memimage.cardomain.com/ride_images/3/2722/4601/31804800001_large.jpg
And I thought it was just American cars the got ugly in the 80’s!
Here’s the 70’s version:
http://gallery.carphotos.org/data/515/Datsun-240z2.jpg
So Fly, are you going to be a FAZtard? Or is it other iETFs that strike your fancy?
TIG, really.
California,,,,Bwhahahaahahahahahhahhahhaaaaa
The Fly stands a good chance of getting whipsawed.
We’re marching slowly to 900 but we’ll be stuck in a range for the rest of the summer.