Keep FXE, UUP, TLT and FXY on your bullshit monitors.
Ideally, for an up tape, you want FXE up, UUP down, TLT down and FXY down. Most of the market drama has a lot to do with currency manipulation. So, if the powers that be can keep that recipe in check, the market should recover.
At this stage, we retested the “flash crash” lows, as predicted. Now, look for a 200-300 point move up, then back down.
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Okey dokey
The one to really watch is the fucking Yen. I’ve been long Dollar Yen for fucking months, watched this shit of a thing go to 95 and now it’s down here where I originally got in. It seems fucking gravity doesn’t exist in japan otherwise this asshat currency ought to be 125 on its way to 200.
I’m holding until we get to 84.50 as a stop loss. Fuck the Yen and fuck the Yen.
Staples pleather chair? Check. Slouching loser posture? Check. Bullshit 15″ CRT monitor? Check. Bullshit delayed quote watchlist? Check. Tape loop of Death Proof on the teevee? Check. Velcro shoes tightly strapped. Check. Nontrophy wife cooking ham and eggs? Check. Scratch and dent pineapple coffin ready for discount stuffing? Check. Ready to trade, baby!
that is the best post that has ever been posted on any message board in history
Eur/USD is exactally at where we left it when Aussies were messing with OZ, yeah right they didn’t do anything…anyway Bini Smaghai is talking about problems again about bad debts spreading…….IMHO, China Govt lent way too much money to Chinese FX speculators in 2009 and early 2010, they are actually not doing that so much, so these great dip buying may not be seen so much anymore???…”.you mean you want to borrow money to play the USD, ahhh denied, you can’t afford it…”……
What % of Hedge Fund Managers actually do homework and understand things vs just playing a trend with their cocaine model girlfriends sitting on the porch?
settle down….
lol…hard to be jelous and not show it, eh?
I would say 31%.
Not Jealous, just asking based on a prior fly post this morning….31% interesting.
Ummmmm………………..the cocaine model girlfriend would be sitting on his lap. Not out on the porch. Based on the level of attire enjoyed by the CMGF and the HFM at a given point in time, this could prove to be highly distracting and induce a somewhat detrimental effect upon the understanding of what could be described as work related activities. Other activities which may be engaged in by the CMGF and the HFM may indeed take precedence over the attention given to said funds. ………I’m just sayin’………..
alot of people have turned bullish pretty quickly… thats kind of been the difference between this correction and the ones that came before it. June/July 09 and Jan/Feb 10 had people less willing to jump in, more skeptical.
This one has people turning happy at the drop of a hat. it makes me wonder.
All this noted, I am overwhelmingly aware of my own limited market prediction talents and, as such, this isn’t a prediction just an observation.
More like relief that we’re not going to zero today…
You are undoubtedly wrong on this matter
I am seriously thinking about taking my entire portfolio and just shorting VXX and letting it ride. Looks like an easy double.
U would have decay intrinsic to the etf and the inevitable return of lower volatilityon your side
I know, it seems like a can’t lose, no? Although it could be a bumpy ride.
The only way to get a double on that is if we get by 1220, which looks impossible right now. God says we only get a 200-300 point bounce.
… remember that VXX has exhibited significant decay relative to the VIX in its fairly short life, so it may eventually hit 16 again (1/2 of here) even if the VIX stays at 40 for a year or 2.
my brokerage says they can’t be borrowed on the open market and… while I could borrow from inside the system they recommended against it as they reported that the rate of selling was heavy.
The Fly’s pimp hand over the last 24 hrs. plus has been a thing of majesty – yours, Huggie: I think you caught something from one of your stable that has now tragically infected your cerebellum.
Amen to you, sir.
Amen…
I’m bonafide, my man.
Godspeed you, felt hat.
And bless your purple Cutlass interior.
my first car was a maroon (purple if you like)/silver cutlass with maroon (purple if you like) interior. cost 800 bucks. it was awesome!
Maroon is red.
Ya maroon.
_____
Real men know there are only 10 colors. Black, white, gray, blue, red, purple, green, orange, yellow, brown and some of the more limp wristed variety make an exception for pink.
interesting day…my weekly article should be up soon for next week…fwiw
I was referring to the cocaine model girlfriends…
no offense but dollars to donuts, you’ve got a face for radio.
That was just a inside hit to Area 51 post he did a couple of weeks ago, it still amuses the heck out of me…and makes me laugh. For my face, Bjork is on TV w/ Swan Dress…and I look better then her….I still can’t get over that Jake in that pic thinks I look like her…lol….
How’s your singing?
Nymph: you look better than Bjork? Wow. Do you like zombies?
Zombie…http://www.youtube.com/watch?v=-MQT_a6bAHk&feature=related…………………………. and DMG Singing ok
Cool, thanks, Nymph. I’ll take that as a yes. Awesome. Lemme know when you’re in Vegas next.
lol…will do.
talk about synthesis
Its all about the Bric nations.
With the political drama in USA, and panic in europe—-
Brazil, Russia, India, China will end up with the best inflows.
I suspect Brazil, Russia,and India will outdo china, however.
By the time the euro retests 1.40, the Bric nations (EEB EEM) should be breaking out to new yearly highs
The commodity exporters will suffer the wrath of deflation should the austerity continue and will build GoM resorts in their bullshit countries complete with oil waterslides, fried coal nuggets, and 22oz “fountain oils.”
Panama Orange: you can’t be serious. What time frame are you thinking? How many decades out? I just can’t see it.
No one can see it. That’s exactly how this last rally happened
http://tiny.cc/j4zdz
Fucking hilarious. I bookmarked that page. Love the Greenspan page 26/26. Thanks for the laugh.
the Euro might not ever test 1.40 again. Is there some secret event you know about or something?
Re: China, its biggest export is going to be its people with brains if their economy crashes. I don’t see too many inflows into China unless S invades N Korea.
Forget Buying the Dips and Sell the Rips!
The 2nd Leg of the Secular Bear is now underway.
The 3/09 Lows will be retested, and violated, in time.
Indeed!
What fuckin “second leg”? Please define. Was the first leg down the 40% drop under bush, from
2001 to March 2009?
Correct. The respite from Oct/’02 through Nov/’07 was merely an ‘illusion’ for the masses of yet another Fictitious ‘creation of wealth affect’ after the bursting of the equities bubble (circa 1998-2001), which transcended into the credit/housing bubble, globally. Furthermore, the ‘printing presses’ of all CB’s went into overdrive/overtime, thus fueling/feeding the beast with essentially ‘Monopoly Money’. Additionally, OTC derivatives expanded from $70 Trillion to present day $600 Trillion within a producing global economy of $60-$70 Trillion. Thus, OTC Derivatives expansion of 10X the Global GDP.
Paper (Toxic) was (intentionally/knowingly/willingly) ‘packaged’ for egregious Fees by the like of GS, which were then dispensed to their brethren LEH; BSC; UBS; MER etc..etc…whom then dispersed Toxic paper throughout the globe, while its producers of said product went short.
Which brings us to present, where we’re witnessing the effects of the Toxicity across the Pond, landmines detonating, which when the Boomerang reverses course, will find its way back to its origin, leveling us between the eyes.
There is NO stopping/halting of what has begun/awaits the Global Financial Structure.
While CB’s/Policy Makers have attempted to extinguish the raging global ‘brush-fires’, they have merely fueled the fire into its raging stage.
What to look forward to in the very near future?
– Currency Crisis (Globally-In the very early innings at present)
– Bond Crisis (Globally-Ditto above)
– $600 Trillion OTC Derivative Crisis (Globally- Ditto above)- $600 Trillion Elephant in the room!
How it all plays out?
While no one knows for certain, protect and govern thyself!!
There has (10 yrs now running) and remains a secular bull out there and it can be found in the PM’s (Gold/Silver), which continues to this day to be ignored by the masses. We suspect that the global economy will endure hardship for at minimum the forthcoming 6-8 year period, while also of the belief that the super cycle secular bull in PM’s, as well as other commodities, remain intact during stated period.
We alerted readers of this fine site with the following:
1. toptick114 says:
October 27, 2009 at 2:32 pm
Global Macro-Economic Landscape- Horrific
US Markets- Presently in Consolidation/Corrective mode which when complete, ‘potential’ (emphasize ‘potential’) SPX/DOW 1170/80-1250; 11,250/12,000/500 yet ultimately succumbing by late Q1/ Early Q2 ‘10 whereby second leg of secular bear resumes eventually taking-out previous (March ‘09) lows rendering all 401K’s/Pensions etc…etc….’Essentially Worthless’
$USD (Sacrificial Llamb)- Presently in ‘bounce’ mode which should/may be ‘rebuffed’ @ 77-80 zone, when complete, secular bear resumes with stops/dates @ 72; 62; 52-55 zone.
Crude- Presently in Consolidation/Correction mode with support @ 75ish, when complete, 88-90 with an ultimate revisit/date @ Par (100) and beyond.
Treasury’s- Ultimate ‘D-Fault’
Gold- Presently in Consolidation/Correction mode within secular Bull which when complete, primary trend (Higher) resumes to New All-Time Highs.
Silver-Presently in Consolidation/Correction mode within secular Bull which when complete, primary trend (Higher) resumes to 40-50 zone.
2011= Global Hyperinflationary Depression.
Elephant In The Room= ‘$592 Trillion OTC Derivatives’
Trade/Act accordingly.
Indeed!!
We then went on to note:
May 4, 2010 12:30 PM
Well, we spoke a week or so ago and we hope your ass has found a seat?
Global CONtagion and rest assure, the Boomerang will be reversing course from across the Pond only to smack us right between the eyes where the wick was lit in NYC/DC and dispersed throughout.
What goes around comes around and the aftermath will be devastating for all (unfortunately).
The Cancer (Fraud) resides deeply rooted and unless gutted in its entirety, radiation & chemo (money printing/bailouts/0% rates/band-aids) will not cure this patient called the Global Financial Structure, yet only prolong its ultimate demise.
All fiat currencies are on the path to worth-less-ness (in time) and defaults, both Federal, as well as State, will emerge as the flowers in Spring bloom.
Good luck and protect yourself.
54% – Gold/Silver Physical/ Jr.s
46%- Cash/ Various currencies/vehicles
Update: We recently (couple months ago) upped our $USD target to 83-84 zone as the technicals suggested, overcoming and going ‘topside’ on a ‘close’ at the 81.40 level. While the cyclical trend for the ‘Buck’ remains intact, the longer-term prognosis remains as stated in our 10-27-09 notes. We believe we may be a bit early on our Global Hyper-Inflationary call for 2011, yet see no signs that policy makers are willing to address the Cancer. Thus, such scenario ‘may/could’ be prolonged as well but, ultimately play out, as equities markets should find stiff resistance in the SPX 1230-50 zone.
Potential Reward= SPX 70-80 pts from current levels
Potential Risk= SPX multiple 100’s pts from current levels
Have a profitable week of trade.
April 23, 2010 2:00 PM
UPDATE:
All non PM/Resource/Physical positions liquidated as ‘potential’ upside remains limited to roughly 30-40 SPX points from present levels before embarking on 5-10% corrective Phase.
Don’t Miss the chair when the Music halts.
53% Long PM’s (Jr’s)/Physical
47% Cash/Various currencies
Hope that provides some clarification.
Enjoy your weekend.
California Alone (with many others to follow), makes the PIIGS look like ‘Child’s Play’!
End of story.
Indeed!
California budget deadline is June 15, 2010. CalPERS wants $700M for a sweet-16 party or whatever those plastic retards do in that bullshit state. Expect trees and endangered wildlife to hold seniority in any austerity haircuts.
Perhaps they should contact the Kardashian’s OR, just resume the I.O.U.’s inleu, eh?
Zombie, you live in Vegas?
do you know anything about bright trading?
Come on CRASH into close!!!!!!!!!!!!!! Crash this POS market
HOFFY, Fugg dude you need to hit up the OTB you goatclown
CANCEL ALL ORDERS (the words of a human cigarette)
Sorry, Georgie Best (cool name), but I don’t live there. I try to go out there 2-3 times a year.
got any of that cow left?
Ok Zombie, thanks. Going to join Fly’s PPT, but I need some more experience first, looking for mentoring or something similar, any thoughts.
Georgie Best(Irish) was the greatest soccer player ever (played in 60’s&70’s), he quit by 28, to concentrate on his drinking,Played for Manchester, had model looks, went out or married every Miss World up to about 88′ and drank himself to death, died in 2002 ish.
George Best quotes:
“I spent a lot of money on booze, birds and fast cars. The rest I just squandered”
“I used to go missing a lot…Miss Canada, Miss United Kingdom, Miss World.”
HA! Great quotes. Interesting stuff about Best. I thought that name sounded familiar. Too bad about the way he wound up. At least he had some serious fun.
As for mentoring and joining the PPT–I highly recommend signing up. Ask anyone here, it’s the best money they’ve ever spent.
The Fly and his PPT will guide you through even the worst of markets. 2008 was widely considered the toughest market to trade ever. If you followed The Fly, you actually would have profited very nicely. I actually did better in 2008 than I did in 2009. It’s a no-brainer, Georgie. Enjoy.
Georgie Best(Irish) was the greatest soccer player ever
Bullshit.
mkt closing lower
the Zombie is trying to pick up a 6 year old
V.King is getting ready for heavy back and bi-ceps tonite[sic]
Warlord DMG will bend like the willow and snap kick like a cobra
Thanks Zombie for the input
Anytime, Georgie. Hope to see you over on The PPT “User Notes” section soon. Have a great weekend.
U know what’s scary? Why is the market trading so predictable and coordinated? Look at the charts over the last several weeks. This shit is like a TA wetdream. It is breaking down off of resistance from the trendlines and bouncing off of support. Why is this so easy? If you had a fucking crayon you could draw the channel of support and resistance. I don’t like it when I make so much money off of such an easy read. Can the mkt continue like this? Am I overthinking my trades? If I am 100% correct in this bullshit market….then MONDAY, the market will OPEN up big and then sell off from the opening. WHY? because TA shows the trend is still down. SELL the UP open for a monster $$$ making LOW close.