[[VXX]] is up more than 55%, month to date, making it the BEST downside hedge out of all publicly traded ETF’s. While many of you, stupidly, questioned “The Fly” with regards to his investment choices, a select few in The PPT, followed his lead, and as a result, find themselves in a position to buy your margin liquidation.
This shit does not happen by chance, gentlemen. I am in possession of a time machine, and on a regular basis, zip through your atmosphere in plutonium powered space rockets. I have been conducting myself with a good deal of honour [sic], especially towards many of you twitter fuckers, who, generally, have no idea what you are doing. Let it be noted, with age, “The Fly” aka Plutonium Petey has developed a somewhat surprising tolerance for idiocy, mainly because he enjoys to relish in his winship through obscene blogs, such as this one.
With the jobs picture dimming, China faltering and Europe in serious trouble, you have to be out of your fucking mind to be long here, unhedged, as if nothing was wrong. If you are managing money for a living, it is your FIDUCIARY RESPONSIBILITY to foresee these events and protect your clients money accordingly. That’s why most of you “small book” fuckers are “flash in the pans,” while Le Fly is here to stay aka “the real deal.”
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The Fly is God!!!!!!!!!!!!!!
Nope, only doing his work…
less than 24 hours ago: “I am expecting a bounce in the near term, based upon the laws of “coiled spring.””
what, who said that?
Ramon
Let’s tell the whole story and not just your gay version. Here is the crux of my argument, via yesterday’s post:
“However, the shadows near my favorite urinal are smoking cigars, as we speak. Whenever those fuckers smoke, the market shits itself.
I guess the most negative aspect of today’s tape is: WE SHOULD BE HIGHER, BUT WE ARE NOT.”
I should have heeded the wisdom of the urinal shadows and held onto most of that VXX I sold late yesterday.
That VXX was one nice call, pal.
_________
It was not a call, but a prophecy. Thanks.
Fly donning the white robe today…..full commando…..sandals……incense…..whores….ambrosia…and 360 brand lemonade.
Joe caused this panic….thanks Joe……and buy the way you break it you buy it. Or just fix it.
Mr Meaugi,
Yes in this market the bad is rubbing off on the good, and it’ all dirty now!
shall 1100 hold twas the twixt of the matter
You said yesterday you would pair back on the VXX. Are you still looking to do that? I stupidly sold out of it yesterday and bought more GS with it. shit!
Read it again?
Today is a fine day to take profits, just not yet.
This just in, JoS. A Banks is running a special this week end where if you buy one burlap suit you get the second one free, AND 2 curduroy dress shirts, AND 2 Velvet neck ties.
Everything is unraveling and I’m shorter than Danny DeVito’s toe cheese.
Great call with the VIX. My FAZ-Mobile will be doing donuts on all your mama’s front lawns today and into next week.
WATCH THE YEN: FXY!!!
How the F do you do this sh*t day in and day out. Everytime I question your ludicrous “prophecies” I get bitten in the ass. You’re no Doctor. Nay, you sir, are a Wizard.
Hey, at least SGG is up
Mr. The Fly,
I started coming to your blog a month ago. And I read all your comments with great interest. I bought VXX in the low $21s to protect my longs and never looked back. Thanks to you I am now up 47% for the month of May. And today things are going great again. I can’t believe people actually question your experience and wisdom. You are giving them free, useful information. I suppose, a man’s greatest flaw is his arrogance and inability to listen. It’s a tragedy. These are people who can’t even make money in a bull market and love to read their own stupidity.
Thanks.
Now quit being an ingrate and sign up for PPT aka “my baby”. It will help you long term.
nice call on VXX–
picking up some aixg and prepared to buy more lower. If the LED trend is for real, this stock will bounce back. A low Euro should help and they are a German, not Greco, company.
HUH? The 4 horsemen of the apocalypse (VXX, TLT, QID, DXD) are all up. What’s goin’ on today?
“There were 471,000 initial jobless claims filed in the week ended May 15, up 25,000 from an upwardly revised 446,000 the previous week, according to the Labor Department’s weekly report.”
Suprising. Economists wrong again.
I don’t think commercial real estate is looked at enough. Construction industry employs a lot of people, and commercial guys like us have been living on backlog for the first year and a half of recession. The last 6 months has been pure hell, and commercial real estate won’t be changing for a while. I think a lot more layoffs are going to be happening in overlooked sectors. But that’s just my opinion. And the things leading up to my specific industry aren’t strong enough nor fast enough to say it will be changing soon.
Steel ^^^
Change you can believe in.
Man, you must be loving it, and congratulations. Its pretty sweet to be right…
Not as sweet to be right but less right. Although more fun to be long boring dividend stocks than high betas.
I covered all remaining short-calls today. CBI, CENX, some casinos… basically
I won’t say it’s a persona, but I love your persona, mister fly. Reminds me of my days in college when all the guys used to line up to buy candy from this overweight woman who ran the candy store. Why the lineup, you ask? Well, she had this charming way of berating her customers. I’m serious. Everyone loved that candy store.
long C 3.63