Based upon the prognostications of the shadows near my favorite urinal, the market is due to dip, right about these levels. While you shovel water-bugs and rice into your respective mouths, “The Fly” will be working, diligently, on protecting his small (10%ish) year to date gains.
See folks, life is not about swinging for the fences, at least not all the time. To me, life is about cracking 40 ounces of malt liquor over the heads of unsuspecting neighbors, then drawing mustaches on their faces, for future removal, via brass-knuckled sandwich. People do not retain the services of Le Fly to waste time or “make believe.” I refuse to tell you things, based upon 3-6 month time frames, that no one with agreeable brain functions would feign knowing. I dare to say, EVERYONE on CNBC are from the primate order. While some vary in their overwhelming “grotesqueries,” it is made abundantly clear, on a daily basis, that they are in fact lacking in vitamin B supplements, which has resulted in rapid deterioration of their respective frontal lobes.
This might come as a bit of a surprise to some of you, but Senor Tropicana is most fortunate enough to have not just 1, but two brains. Indeud.
Back to the important matter of stock market advances, I dare to say “this one is getting long in the tooth,” as evidenced by frenzied buying in the dumbest stocks known to mankind. Nevertheless, I will resist the temptation to sell them short, because it is not in my gameplan. My plan is rather simple, concise and above your pay-grade: vastly outperform all indices, on a yearly basis, which is exactly what I am doing at the present. Now some of you are rolling the wheel of great fortune, trading from strip joints, buying OEX calls while doing lines of cocaine. Always remember this, while spinning, Mr. Fuckface.
For the remainder of the day, I shall scurry about, raising a bit of cash into the bell. I will have you know, already, I sold out of 90% of my ICICI Bank Limited (ADR) [[IBN]] position, for a rather gratuitous profit. Going forward, I shall endeavor to crack skulls and plant time bombs inside of my rivals’ headquarters. Oh, and I might buy some more [[TLT]] .
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All timers?
You idiot
LOL. Maybe when he gets short of breath from losses Dr. Fly can diagnose him with Fazthma.
FAZthma – That’s priceless. Needs to go in the dictionary…
A bit too much of the cocaine will do that to you.
But then again wasn’t Darryl Strawberry an all timer in the outfield?
Fazthma. Brilliant. Destined for the lexicon.
“life is not about swinging for the fences”. A lesson I am learning
Agreud (sic). Took me a while to learn to put on long positions only when the % of S&P stocks below their 10-dma was 1 or more std deviations below the mean (much like the PPT Hybrid Score being below 2.20). Prior to that I was initiating positions “out of season” and diminishing my system’s expectancy. Like that ghost under the bed in The 6th Sense “I’m feeling much better now”.
fid
Oops. Meant; when the % of S&P stocks above their 10-dma”, not below their 10-dma.
fid
Hope we get this dip tomorrow or Friday as it’ll be somewhat difficult to get in once I’m cruising down to Mexico.
Bless me Fly for I have sinned.
http://ibankcoin.com/henry_fool/2010/03/03/i-hate-to-pound-the-table/#comment-1141
Holding plenty long here
Risk names are continuing to do especially well
Not the least of which are Jake’s glorious Silver and Gold plays
Fine. Bet against the guy in the time machine. See where it gets you.
Because I sell puts with often wide spreads, it doesn’t make sense to close positions for small pullbacks.
Sell puts naked is not “long”.
It’s a leveraged barbed-wire enema play when this bitch comes back down.
You don’t know much about options, do you?
As a matter of fact, I do.
Try this one on for size:
You sell ’em for a buck and the underlying craters.
You gotta buy ’em back for 10 bucks because the Margin Fairy does ring-a-ding-dingy on your ass.
She takes the house, the boat, and (hopefully) the wife. You might get to keep the dog.
She takes the house, the boat, and (hopefully) the wife. You might get to keep the dog.
Wife leaves, you keep the dog. Sounds like a great trade indeud.
sho nuf 😉
That reflection by the urinal was actually the giant urinal “cake” reflecting off the lights.
Check again.
Fly’s risk appetite index just turned negative, you would know that if you were a member of the ppt
So that’s how I got this mustache.
ha….funny stuff..
The SUN is shining ovah heah as well, while the Stock Gods dump white confetti on Olde Cape Cod in an attempt to keep me from jetting to the Treasure Coast in my gold slippers and silk tunic top ….. Odd, no?
no.
Bought DUG at $12.45.
Does your favorite urinal have one of those holes drilled into the partition?
oil didnt give a fuck about the 4mil barrel build
yet
Out of VXX daytrade 25.38- a little over 1.00% gain but wasn’t worth it.
Sold BGU for a sliver of a gain, Bot TZA @ $8.37
I dare to say “this one is getting long in the tooth,” as evidenced by frenzied buying in the dumbest stocks known to mankind…
Agreud.
jay electronica talks about triangles and goatheads like hes not down….
but his fuckin jacket has a triangle with a eye on it.
snake in a bunny suit?
Just bought 100,000 shares of GAK
AP -” Audio clips indicate child directed planes at JFK airport ”
Oh so now we’re hiring kids…I’ll never find a job!
The WHOLE story was that a Dad brought his kid to work. The kid got to dictate whatever his Dad was telling him to say. Even the floor supervisor was okay with that.
Myth: The kid was directing traffic
Fact: The Dad had the kid say what he would say all the while in full control
At least there is a Dad that is proud enough where he works he’d bring his child. Hardly anybody takes pride in their work anymore, so on the “Bring Your Kid” to work days we’ve got here… GHOST TOWN.
I’d find the co-worker that taped this and toss him in the slammer for treason.
If I read the story correctly it got out through some regular channel used for training and public “eavesdropping”. I agree the whole freaking thing is way overblown. The dad should get a medal.
Not bringin’ my kids to work anytime soon. The ho’s get all emotional and shit. Bad for bidness.
If I were a laptop screen… I’d be scared about now! Somebody is about to the Pimp Hand!
My neighbor who has All Timers HELOC’d his entire mcmansion and bought MDVN a couple days ago.
Midgets in white burlap margin clerk suits just showed up at his door, poor bastard.
nice pullback
Idiot is as idiot does
Thanks…
Forrest Chump
you’re too bearish – you say that everyday.
“While you shovel water-bugs and rice into your respective mouths” Funny +1
dip shmip…..remember unprecedented? Grammy and Grampy are still down 30% fucker….gotta keep keep the shell game going. Hang Seng 22,000 uh huh. Either we going up with confidence or its back to the Gun trade and I don’t see that happening. Our shit still works the best.
‘Deficits don’t matter’
—-Dick Cheney
Interesting stuff just passed on to me from Ron Rowland’s Capital Cities Asset Mgmt….
Consumer Discretionary widened its margin as the leading sector, with both the retailing and leisure components performing well. Industrials held on to second place but are now being challenged by Materials. Industrial metals have been especially strong recently. The Chile earthquake is boosting spot copper prices as the full extent of damage to the country’s mining infrastructure is still unclear. Health Care slid down to the middle of the pack even as absolute performance improved. There is significant variation within the Health Care sector; Biotechnology is providing leadership for now. Energy and Utilities are still laggards, but they could be lifted into positive trend territory soon if the broad market rally continues.
The divergence we mentioned last week between Large/Mega Caps and everything else widened further in the last few days. The Micro Cap, Small Cap, and Mid Cap categories are all bunched closely together at the top. Large Caps are performing well in absolute terms but falling back in relative terms, while Mega Caps are even worse. The combined picture suggests that investors are increasingly willing to take on more risk.