Here we are aboard that fucking airplane from Final Destination. I see burlap everywhere, as men with small brains and big balls make directional bets based upon the sovereign debt load of, ummm, Lithuania. For the record, The PPT has just dipped below 2.30. I knew we had another flush our coming. Well, here we are flushing away like children in the bathroom.
Commodities are being thrown down empty elevator shafts, alongside people who are long said names. If you’ve been buying the dips today, you have been taking shark bites to the face, as the slippery slope keeps getting sloppier. What is my level of confidence regarding my longs, after this sell off?
Answer: very high.
I know it sounds nuts; but I am more confident now than I was yesterday. In order to move forward, we needed a flush out. Don’t get too excited there buddy. We may drop another 5% before the market regains its composure. With my money, I am waiting until 3:55 to do some bargain shopping. Then, I will shop a little more tomorrow, providing we dip again.
It’s fucking uglier than a bear with lipstick on out there. But at least we are getting the flush out we need. I’m like George Bush and shit out here, staying the course, “going it alone,” despite that shit looking retarded to all of you ham and eggers.
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What qualifications do you have to offer me advice?
fig
I admire the conviction.
All other bloggers have turned into ball-less sacks lately.
you ham and eggers
I do not like green eggs and ham.
Thanks Fly
I loved this line: “It’s fucking uglier than a bear with lipstick on out there. But at least we are getting the flush out we need.”
Those unemployment numbers still a big problem for the US… innovate or die.
can you make that semi-fat guy on video on the right side of your home page go away?
shutup, pussy. Why don’t you get your fat ass up there instead? Scott is good people.
Just got back in from a busy morning. Nice to see the PPT in buy territory. I was wondering what it would take to fall quickly. Now I know ugly.
Not gonna do it….Wouldn’t be prudent at this juncture
Fly, you seeing “a thousand points of light” too … lose the crack pipe son!
You may want to check the debt load of our own Union. California and New York to name a couple. Funny how those on wall street love to focus their attention on Sovereign Debt issues in Europe and not in the US. This is of course because they happen to be long this week.
You neglected to mention that this swoon is also, maybe mostly, due to the talk about bankers having a party at taxpayer expense and about Cuomo talking-up charges against BAC – charges that are libelous if he doesn’t have his ducks in a row. …this is your Goldman robot punishing the markets for even thinking about holding the last decade’s big bankers responsible for their actions.
It’s fucking uglier than a bear with lipstick on out there.
I may be dreaming this, but I swear Timmah once posted a clip (or maybe it was just a pic) of him dressed up like a woman, full makeup, etc.
You just had to bring that back didn’t you?
_____________
It was a blonde wig. No makeup. No dress.
It’s sweet that you remembered.
If you held this far may as well hold.
We are close to long term oversold but no sign of a turn.
Bailed on WFR with small gain a few weeks ago after missing the sell at 15.30. It got taken to the woodshed today along with most everything else…
Never hold on to these more than couple days.
WFR had resistance around 15.
hahahaha, great George W. Bush analogy! awesome!!
TO THE FAZMOBILE!
Controlling your risk levels would have been nice along the way.
“We may drop another 5% before the market regains its composure. ”
Don’t forget the time dimension. Always remember that Jesse Livermore did not become a great trader until he deduced that time was a factor that he shouldn’t ignore. Time and price. Like yin and yang. This selling stampede which began on January 20th will be over by the week of February 15th.
fid
Enough with cousin Jessie already. I spoke with him over the weekend, and he says he’s still dead and loving it on the other side. He says the best part is you need no cash. Everything goes on the pearly plastique, and the bill never arrives in the heavenly mail. BTW, he says PPT rocks.
Fly, I think it may be time to go see the shrink. You have lost your edge dude. yes, there will be a bounce after this terrible day. However, as I have been saying all week, all bounces should be seen as a chance to sell longs and go short!!! You will lose your balls if you keep this up, and I don’t want to see that man. God doesn’t lose, he can’t, he’s God – Damnit!
The Fly is God.
Get in the longs-only funnel.
Anyone got a flashlight? It’s so dark down here.
Bot 1k YUM @ $33.64, 1k INTC @ $19.03
Contemplating DGP
Bot a little DGP after all
You are not alone, Fly. I’m with you, even if my face has been permanantly “rictus-contorted.”
_________________________
Sure glad I am unemployed with no $$ anyway. Just sitting back to watch Oprah and to see what neighbor Fly will bring over from his leftovers for dinner.
Try food stamp. Leftovers go to the illegals living in the toolshed.
I say if the unemployment numbers disappoint and demonstrate that the top in unemployment is not in on Friday, then the next target will be around 990 should we go through 1060. However, if the unemployment numbers demonstrate the top is in then today will be the bottom.
http://bit.ly/aG2SpN
LeFly: Is your line in the sand still the proverbial “180k”?
Would DSX be a good matching trade for NUE?
We got a -2% coming tomorrow too
Sure is crowded here in the funnel.
Thank God I can proudly wear my burlap suit again
I’m not blinking. Full steam ahead.
The good news is that interest rates will stay at 0.
The bad news is that Obama is clueless about Capitalism and some 47% approve.
And Bush started this mess and the bailouts. New puppet, same puppet masters. Your entire political system is corrupt and dysfunctional.
My account went full retard today.