Investors are betting that no matter how bad tomorrow’s numbers are, stocks will go higher. They figure, the numbers will be tossed away, due to snow. In their pea sized brains, it “makes sense” to get in AHEAD of the most horrific jobs numbers in months. What you need to remember is this: the entire rally is depending on real improvement in the employment landscape. The longer it takes to show net gains, the patience of coked out money managers will wane, eventually leading to lower stock prices. You can take that time-line to the fucking bank, cash it, and go buy a Ferrari.
The market went up today, and so did my [[TLT]] . And, that fucker paid me a divvy on 3/1—reducing my cost basis to mid $88’s. Into tomorrow’s calamity, I am 12% treasuries, 35% equities and 53% cash. Believe me, it’s painful to sit out the late stages of a bull run, because things look “fantastical.” However, just remember, shit like [[SCOK]] rise to the top, just before nuclear war heads emerge from hidden silos, en route to your little bullshit office or house.
[youtube:http://www.youtube.com/watch?v=LEWv09Kx_Dc 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Love the musical selection.
Question, does anyone else feel like shorting jpm just because of that stupid fucking Chase Credit card commercial? I mean C’mon!!! What guy would be all giddy if he came home and found out his wife pissed away all the points on some stupid ass dress. Drives me nuts everytime I see it.
Back during the crashola, some guy on here tried to get me to short JPM after I went all in at $16.5 for a long and told me to jump out of a window and get it over with.
Do I feel like shorting it now? Not really. Lighten my position? Of course.
About the dress, I haven’t seen the commercial. Is it silk or burlap?
Mr. Fly
Do you have any Above and Beyond in your repertoire? If not I suggest you “get some”! (In the name of a Platoon GI)
Fly,
keep eyes open next few weeks, job market here showing signs of possible activity. Cannot revel what company is reving up, too many out looking for potential jobs, but you will be the first to tell when i land job.
FIG
FAG
fly,
best armin van buren track is…
I think they need to take the market down tomorrow ahead of next week’s treasury auctions. Been a pattern the Friday before big auction weeks which will continue…until it doesn’t. Who knows, but it wouldn’t surprise me if today’s late day move was to sucker dumb money in before the drop tomorrow. Metals were in a tight range today and miners down which says, metals down tomorrow.
agreed. create demand
So there’s a little bearish sentiment here I take it.
well said (all day)
“The longer it takes to show net gains, the patience of coked out money managers will wane, eventually leading to lower stock prices. You can take that time-line to the fucking bank, cash it, and go buy a Ferrari.”
now that’s some funny shit
I can’t believe I’m down 1.9% for the year. This is unsat.
I’m up a little over 5% ytd thru yesterday while the $RUT is up a little under 4% ytd thru yesterday. 91% of my trades have been small cap so that’s my bogey. That having been said, the goal is always absolute performance. Piss on relative performance. Think a downtrend is imminent and looking at RWM and other inverse etf’s to put some more distance between me and the indexes.
fid
Hello neighbor Fly. I know you haven’t seen my Dad in awhile so I posted a recent picture of him as a gravatar. Can you find him a job or talk to him? He has been depressed about being unemployed for so long that he has let himself go and he doesn’t look like his usual good looking self.
Maybe he can be your runner and get you coffee, oatmeal, etc. His temporary job at the census can’t come fast enough.
Thanks neighbor.
LOL. This guy has brass balls.
http://www.youtube.com/watch?v=daNr_TrBw6E
State Unemployment #’s for MA: Up from 9.3 to 9.5% but we did add, wait, wait for it, wait ……………..400 JOBS!!!!
BOSTON – March 4, 2010 — The Executive Office of Labor and Workforce Development reported today theMassachusetts unemployment rate increased from a revised 9.3 percent in December to 9.5 percent in January. Compared to the national rate of 9.7 percent, Massachusetts remains below the national unemployment rate. The U.S. Bureau of Labor Statistics’ (BLS) establishment survey estimates there were 3,138,000 jobs in the Commonwealth in January.
There was a net gain of 400 jobs for the month of January, with private sector jobs up 1,700 and the labor force grew by 3,200. Sectors that added jobs in January include Trade, Transportation and Utilities; Professional, Scientific and Business Services; Education and Health Services; Information; Other Services and Leisure and Hospitality. Job losses were recorded in Construction; Manufacturing; Financial Activities and Government. Overall, the BLS estimates that the state has experienced a job loss of 2.9 percent, or 92,200, in the past twelve months.
http://www.youtube.com/watch?v=oavMtUWDBTM&feature=related
Play this shit after the market dumps Mr. Fly.
That guy is a perfect mix between Frank Sinatra and Barney the Dinosaur. I’m going to eat some glass now and pour hot oil on my eyes so I can feel better
I think that video would be suitable for up, down, or sideways markets. Really.
Fuck marxist economics, that vid may explain the downfall of the Soviet Union.
__________
This the exact song I sang as I watched BOOM crater AH.
WUTANG
After 5 days up, we should get a breather here.
Whether it takes a dump, I don’t know(neither does anyone else).
As usual I will respect the move either way. Still lots of good setups.
Right now I don’t have a sense of fear as much a feeling of climbing the proverbial wall of worry ……. weird gut instinct but treu.
BTW, Ed Yardeni just voiced his opinion on the electorate and expressed my exact sentiments as opined on Jake’s Blog awhile back …. that being, that since we no longer have term limits, maybe the public has caught on and is intent on replacing their incumbents with new legislators whenever given the chance to do so (whether to send a message and/or attempt to get a functioning legislative body).
it’s freakin march and people are focusing on their ytd performance, cant think of a bigger handicap.
The planets are not aligned properly – Mars is off center – Uranus is ….well, you know Uranus. In a related matter, the SEC has charged “America’s Psychic” with securities fraud. It seems he collected $6 mill from some investors who believed that he could call the market. Who knew? You mean he could not call the market?
The Mother of All Melt-Ups is coming tomorrow!!!! BUY BUY BUY!
Fly, awesome Armin song… u should go to the show in New York for ASOT 450…
You know of a good site where you can d/l all the STates of Trance? Soulseek is sporadic.
To the sun!!
If you’ve followed the FLY for long enough you will know it is quite intriguing, interesting and almost conspiracy theory fascinating that he is bearish in the face of coked up money managers that missed last year’s once in a half century move and now want to believe that it’s going to happen again.
The GS bots are programmed to rip their faces off LOL
Believe me, it’s painful to sit out the late stages of a bull run, because things look “fantastical.”
Yeah … for me too. I remember doing this last year, I believe in July, when the market just would not pull back for the longest time.
I think, at that time, I finally got in by accepting a lesser pull back then what I wanted.
Hoping for a decent pull back here and at this juncture, I plan to wait it out.
I think it’s a little hopeful waiting for a massive pullback here, not saying we dont get one, but the real one started in Jan and when there was blood in the streets in early Feb that was the time to be buying, this repetitive cycle of it’s too high to buy then when it sinks it becomes a calamity and the end of the world is nigh, is probably the single bigest opportunity fucker I’ve seen over and over again since this rally began.
Right now markets cleared all its moving averages and YTD highs are within reach, pretty good chance it’ll get there, even though fundamentally it’s fucked.
Jobs number may motorboat our balls with the vengeace of a weedwacker but that’s why you hedge accordingly and manage risk.
Good luck!
Anybody check out that ZANE -ery today.
WTF?
http://www.youtube.com/watch?v=m-Iq5sOIKAo
Right now it looks like the spin is “never mind, it was the weather”.
Quite a few stops will be rocked on the upside on the number. I say -50k, a huge positive spin by CNBC and we end the day at 1150 with me covering at the top. Never fails.
Hey. CNBC just mentioned me. I will be a census worker.