Unfortunately, I had a scheduled medical procedure today (I am fine). I gave the keys to the blog to my fellow bloggers, and aside from a few, they dropped the fucking ball, woefully.
At any rate, as the effects of anesthesia wears off, I see the market is making a fierce rally off the low. However, and listen to me, THIS IS A DO NOT BUY MARKET. The yen carry trade has completely unraveled. Gold is through the roof, as is [[TLT]] . People are RUNNING into safety assets. Do yourself a favor and watch this one, instead of playing it. I have not sold a single share of [[VXX]] , because it can go to $50, if things get real sporty.
I attribute the 1,000 point drop to robot trading gone wrong. Nevertheless, do not be surprised to see Asia get poleaxed tonight, followed by a whoosh lower in Europe. In other words, in the words of that bug black guy in Pulp Fiction, “this is far from over.”
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Please don’t leave again *SOB*
Holy shit what a great day. I had coworkers running in my office…”what’s going on.” “Shut up, I’m trading.”
Shit balls I threw almost 1M at the lows. just fucking amazing! BEST DAY EVER!
I’m giving 10% to flood victims. Cutting a check sunday!
Congrats. Now sell, for we are going back to the lows.
nice work Moober, it must be your new lucky iBC mugs!
So let it be written, so let it be done
Great Job Moob!
newsbot is back!!1
no more wine at lunch European plebs
Let’s just put it this way: If you want to play with Goldman, Mr. Congressman, then you can play with Goldman’s tradebots too. Enjoy your cup of black smoke.
Glad you are well and back!
The Fly is God.
Schwab sucks for being on the fritz during the best time to trade ever.
I could be wrong, but I thought his words were, “This is far from motherfucking over.”
This has been a most auspicious day to have some short positions and puts so as to be in the black today, instead of suffering most egregious losses.
Dr. Fly,
Nice call and thank you very much. It’s much appreciated. A PPT subscriber for life.
The (real) PPT in action today.
How I didn’t have three heart attacks today is a fucking miracle of science.
unreal – just unreal
http://www.youtube.com/watch?v=rWOn1dFmFds
Great call Fly!
You told us this was coming two months ago.
“you ok Dow Jones?”
“nah man….I’m pretty f***’n far from okay”
Sold to you! 100% cash, sans 1 stuck order for UPL
Well, i dont often take advice from people, but based on this posting i just canceled the transfer order that would have moved my 401k back into stocks. I’ve been at 100% cash since 1140 — seemed like a blood in the streets opportunity to me, but then i don’t really understand all of the ramifications of this carry trade business.
That’s what I get for moving and not paying attention to the markets.
Good on ya Moober!
Nice work on the PPT as well. Great confirmation of a great tool.
What’s your reason behind accumulating GS?