Enough of this torture. “The Fly” is blogging from his local airport, on his way to a small cottage in Romania. There is no hope left here in the markets. As a result, I’ve decided to live a simple man’s life, tending to wolves and sheep alike, while running throughout the green fields with nothing more than a burlap sweater and velcro pants on my person.
The stock market is a rolling tragedy, afflicting one generation after another. It’s a legal form of gambling, whereby complete fortunes are lost due to “market corrections” or “awesome melt ups.” Life should not be about amassing obscene amounts of coin, in order to buy influence and power—thereby crushing mortal enemies in the process. I propose living on a farm, with pigs and goats, harvesting grapefruits, alfalfa and other important “ingredients of God.”
As an aside, I initiated a position in United States Steel Corporation [[X]] today. Obviously I am a glutton for pain.
The bottom line: there is nothing else left for me here, in these stupid, backward United States. I endeavor to live a cleaner and more hostile life, on the outskirts of Romania’s fifth largest city.
Good Day and good luck,
Fly
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you need to hit up Budapest while you’re around there. You won’t regret it. And don’t bring along Mrs. Fly.
Budapest is good. Dubrovnik is great, if we’re talking about southeastern Europe.
An hour with a prostitute is cheaper in Budapest than in any other city in Europe. Longhorn…are you that hard up to have to pay for sex? Pathetic…..
A Romanian leading a sheep by its collar walks into his wife’s bedroom.
He says “Honey, this is the pig I make love to when you have a headache.”
She says “That isn’t a pig, you moron – that’s a sheep!”
He says “I wasn’t talking to you – I was talking to the sheep!”
“I’ve decided to live a simple man’s life, tending to wolves and sheep alike”
Sounds like your life here at iBC, no?
Bravo, sir! I applaud your wit.
fid
Your name will be Musca. Better go for the Italians plums, they make great alcohol, forget the grapefruits, too bitter for the Romanians (watch the beginning of Borat)
Jokes about Eastern Europe are less funny when you live there. And the downgrade from the developed world, although it has a minor illicit perk or two, is best avoided.
Le Fly has officially jumped the shark.
only idiots use that term.
Fuck you. (damn gravatar!)
Nevermind
You might try the Michoacan coast of Mexico. There’s a nice little seaside village called Maruata. I think you would do well there, fishing lobster with the local tribe.
Nah. If Fly’s going to self-impose exile himself to Mejico (sic) I recommend that he check out a little town on the Pacific called Zihuatanejo.
fid
Troncones is just 30 km north of there and much more upscale and chillaxed. Zihuat is okay. You have obviously never been to Maruata.
Stocks are for asshats.
Watch this movie before you leave.
http://en.wikipedia.org/wiki/Hostel_(film)
That’s okay. I’m up for the hostility.
All of the asshole dip buyers got Chris Hansened
This is what you need, Fly. http://www.nodoz.com.au Please use responsibly and remember Romania is full of gypsies.
Take it easy Fly. I think it’s just the lack of caffeine making you imagine things like sheep and Romania like that. Take three K-cups of Timothy’s Italian roast and call me in the morning.
that happens to be my fav k cup
Oops..DP
Great minds…………..er…………..maybe taste buds……………..
That is probably the best cup of coffee I have ever had. I buy ’em by the 50 pack. Gotta keep the blood pressure up you know.
Fly,
It seems your instincts were spot on a couple of weeks ago (sniffing out a 5% market decline), but the PPT scores (aren’t they really just a numerical expression of technical charting?) pulled you back or prevented you from selling out of positions.
In other words it seems you watched your 2010 wins disappear because PPT said we were getting close to oversold bounce levels. PPT(less) Fly would have switched gears quicker in the past.
no. just a mild case of bullshititis. I’ll be fine in no time at all. I have set backs from time to time.
dute in pizda mati labajiule!
“I’ve decided to live a simple man’s life”
You really don’t have a choice in the matter.
Having done what your are doing, watch out for the sheep hearders. Be damned if they aren’t hornier than the sheep. Let us know when you’re ready to return to the great manipulated stock market, aka capitalism, and be cautious about picking up a socialistic disease. Good luck, Fly.
Good luck growing grapefruits in Romania!
See ya Fly, have a nice trip!
Good to see you still buying the dips.
Please keep doing that.
All Bulltards should keep buying the dips, even as the S & P slices through 1000 later this week.
Buy those dips.
Bye bye.
Nothing like a bunch of excuses to fuel the sell off. Remember 2004. Price action will look like a roller -coaster this year. The down swings will hit the 8-12% range. As of right now, the DOW is off 7.6%, ES off 8.1% and NQ off 8.6%. Down volume of late is light and we have buy divergences developing. Divergences should be given attention only when they are complex and not simple – Fridays lows set in the simple divergence, now a low volume push to test lows are establish new lows will form the complex divergence. Will we need to endure more downside on the indices before this divergence catches and we push up? Yup. Downside target DOW: 1670ish (-1.4% more), ES 1035ish (-1.5% more), NQ 1700ish (-1.8% more). As long as the down volume stays light, these support levels should hold. This would give us corrections of 9% on the DOW, 9.6% on the ES and 10.4% on the NQ. Pushes up from the lows this year will top out at 61.8% of the down moves (time to become a Fib Fanatic this year).
Lists for the Upswings: Biotechs, RE/Home Const., Nat Gas, Semis
There is no panic out there, volume is light, and excuses for selling will be countered with cheap money and value investing when PEs get low enough. Earnings this Q have been good. People are saying that next Q earnings may not be solid due to sovereign debt – really? Don’t try to game a scenario too hard. That is a wall of worry that nice bounces are made from.
Time to nibble long FXE here (136.39).
FIG…Fly Is Gone. We will miss grabbing your booted foot as you try to kick us down elevator shafts, and end up on your back instead.
I hear Dracula’s old castle is available.
If the long run averages are any guide, this market is within roughly 8 trading sessions of being no longer ghey (sic) for a while. The real question is morphing from “when will the selling stop” (answer; soon) to “of what quality will be the next rally” (answer; very low quality portending the end of the uptrend). Being that I have dim hopes for the quality of the next rally I’m going to use the next rally to start layering into inverse etf’s.
fid
Phew, I thought this whole thing was because of bullshit PIIGS countries and the flight to safety. Tell the BIS to cut a 2 Trillion dollar check so that we can get back to business. Those fuckers have clearly been too busy dealing with this whole “europe defaulting” thing to check out their charts.
Is it me or are those carrots looking bloody? And they look like mixed carrots. Mixed with chitlins?
Sometimes, it happens.
Luckily, Monsieur Le Fly is also a certified moyl.
__________
Yes. I can attest to this. Fly did the circumcision on baby Steve, Jr. and taught Tim Tebow how to slice and cut. Fly told us he received his Mohel (pronounced moyel for you Gentiles) degree from Sidney’s Brooklyn School of Circumcision- summa cum laude.
Neighbor, I will watch the house for you. I already caught the illegal gardeners living in your tool shed trying to break in. They claimed they were cold. I saw Fly, Jr. and Mrs. Fly cruising in your yellow PT Cruiser (they looked happy) so I assume they will not be joining you.
ahh yes. getting off of the treadmill. i would do it in the countryside of France.
while running throughout the green fields with nothing more than a burlap sweater and velcro pants on my person.
THat’s going to make it awful hard to pee cleanly.
__________
He’s going to Romania so hygiene is of no concern.
Oh the irony, as if you don’t already herd sheep. BWAH AH HA
off to romania ? going to conservation mode if need be by 6am….you listen up you bunch of fuckn chimney sweeps ..clean this shit up now..and stop being a bunch of narcissistic sweeps
You would not survive the Romanian gypsies.
Would love to make some babies with some of those Romanian hotties. They beat the hell out of our oversized masculine American women.
Now wait a second, you initiated a piosition in X when AKS is trading right in line with it at 1/2 the price and you already have a position in NUE?
The old casino in Constanta (Romania’s fifth largest city) is a place to stay the fuck away from. http://www.flickr.com/photos/ovidiuh/3316671190/
Dollar down, time to go to town.
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