Why give you fuckers insight? Hell, this market is easy. All you have to do is wake up and buy Research In Motion Limited (USA) [[RIMM]] and Apple Inc. [[AAPL]] , then collect a daily fortune. An “s-cok” for all, with a side order of several 8 balls, 20 cups of coffee and a personal urinal assistant, who actually multi-tasks as a white shoe financial adviser. The next thing you know, all of you ham and eggers will be flying in your own spaceships.
I have 3 stocks that are buried in losses: U.S. Global Investors, Inc. [[GROW]] , SandRidge Energy Inc. [[SD]] and Flotek Industries, Inc. [[FTK]] . If I exercised the slightest of risk management, I would have sold out of these stocks a long time ago. However, because of my big gains, coupled with said names conveniently pigeon holing into a nice asset allocation model, I held. During the life of these positions, I bought and sold Green Mountain Coffee Roasters Inc. [[GMCR]] , Chipotle Mexican Grill, Inc. [[CMG]] , Cummins Inc. [[CMI]] , United States Steel Corporation [[X]] , and a plethora of big winners—much to my chagrin.
For the love of broken baseballs, I’m not even trying to make a point. There is no lesson to be learned, from every God damned mistake. You fucking dicks. Investing is not so much a science, more of an art—so watch me paint.
At this stage in the rally, we are so OVERBOUGHT it’s funny. I don’t even need to comment any longer. I will not buy, no matter what. As a matter of fact, if the market lifts off 5,000 points from here, over the next 12 months, I will miss out on the entirety of the rally. I think it’s hilarious, in a very serious way, that some of you are all excited and shit, above 10,500, but were shitting in caves at 9,000.
Bottom line: I still have skin in the game and much of my current roster is filled with losers. If I could somehow escape them, with minimal losses or even a profit, I will be as happy as a pig in CNBC. But as far as new money is concerned, I have no interest in this market.
[youtube:http://www.youtube.com/watch?v=MiVaEJ5BN18 616 500]Reminder: Sign up for Scott’s newsletter (free trial), else I will track you down like the dogs that you are and kick you.
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Im buying april fas 72 puts right now. This market is out of control.
Doing ” the hugh hendry” jakegint remix, into the bell.
The Chorus is a Gregorian Chant:
Dollar izzz doooooowwwn!
Dollar izzz doooooooo-oooowwwn!
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Bring out denninger and his blue blazer.
White turtleneck?
Meerschaum pipe?
Black Eye patch?
Single malt?
Check, check, check, check….
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Though you were banned
FIG
How did you read my mind!?
Whats the PPT reading these days, 10.0?
2.91
That seems below levels where previous swing tops happened?
It signaled a top awhile ago, its lowered now….my guess is due to reduction in volume and rate of change.
How silly of me. It makes perfect sense that AIG, which is, for all intents and purposes, is completely FUCKING broke is up 13% today alone…..sure……
Hmmm… overbought conditions being slowly worked off….
Yep, sounds like the makings of an imminent collapse to me, too.
— Man Soundly “Konked” by the Karl Denninger Konking Hammer.
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Oh, full disclosure I bought 500,000 AIG today. I see value there.
Everybody Knows http://www.youtube.com/watch?v=wh9AC0jCGjY
I had an aunt and uncle who were crazy about Leonard Cohen, and I could never figure out why.
I mean they are former hippies… is that the thing?
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Canadian hippies?
That song always reminds me of Mia Kirshner. Mmmm….
Nope, ‘Muricans.
But they did go to college in Vermont… so you may be onto something.
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How funny would it be if today was “the top,” exactly one year after the bottom. I can see the bots having that kind of humour (sic). Right now they’re all fist-bumping each other in a GS server room, while eating hot pastrami sandwiches.
Sugar and natural gas keep getting hosed despite the month-long rally. I don’t know what it means, but it’s interesting.
Selling my AAPL right here that I bought last week…buy puts in everything. With the VIX at 3-year lows they are practically giving the puts away.
The Urinal Shadow says: Just as soon as Fly posts this comment RIMM starts to hit low of the day.
AAPL will be next.
And the Urinal Shadow wants to remind everyone to wash your hands after using the bathroom.
Especially Urinal Employees.
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Dr. Fly – Why bother? They will do what they will do. If we close red on the day, they will all be bitchin’ about robots and other nonsense. I’m out and waiting for the next move.
The Urinal Shadow says: We are flushing down.
That is gold.. do we have a blow-up of that avatar pick somewhere?
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Indeud.
Im not buying anything either! no way!!! I agree with the Fly that our time will come! btw – where is V.King? That guy had great posts – what happened?
Here comes Huggie’s turnaround. F’ugly action today.
fid
This is an ugly market, for sure. I am still short. Although I may lighten up a bit. Not enough bad news this week…
Bring out the Wizard!!!!……POOF!!! Your new toyota only comes in one upolstery…Burlap
Just bought shitload of SRS for a trade
I hope you didn’t do it make money.
Ursines elbow working furiously!
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“a personal urinal assistant, who actually multi-tasks as a white shoe financial adviser”
Pure comic genius. But isn’t the last word spelled with an “o” rather than an “e”?
fid
It’s good to see the return of the WTF-Pattern…
I blame the ghey music, frankly
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Turnaround Tuesday – look out below.
I sense an ‘I told you fuckers so’ post coming in the next few days
Nah, I’ll be classy.
😉
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WRITE THIS DOWN YOU SHIT EATERS…The Market turns down …..I’m calling it the Michelle Caruso-Cabrera titty top….more details will follow
More importantly, do you have a topic appropriate picture to post with your follow-up details?
fid
Bernanke has stopped sucking banker’s dicks and is now sucking up our bullshit dollars to feed the retarded zombie government. It is just a matter of timing now.
Fly- Would really appreciate your comments on Citigroup (C) here. What would the impact be on shares of C if the government sold it’s stake in the coming weeks?
Aw, snap…$VIX up 2 days in a row!!!
ARMAGEDDON!!
The Fly is correct. I fear and loath this market. I admire the way it gets walked up and down every day. But when the manipulators finally give the bears the chance, their vengeance will be awesome.
Stoch + Volume say Sell:
DOW 10630
FTSE 5610
ADX says possible start to another buy run and March is more often +.
I know I have as much credibility as Tiger Woods giving marriage counseling. And no one cares what I think or do. But have sold June VOD.L @ 148.8 (its 3% of FTSE by cap, so similar to selling FTSE, but cheaper for those of us who can’t afford pockets).
V.King wrote…”WRITE THIS DOWN YOU SHIT EATERS…The Market turns down …..I’m calling it the Michelle Caruso-Cabrera titty top”…….. Yes I’m quoting myself….
Hey Fly can you tell me is there any way to put on a filter so only Jake Gints responses are on your blog? Tonight I will drink enough Burgundy to drown 3 poodles….
The return of The V.King…Be there