The market is being rational, which is catching everyone off-guard. For the past year or so, the market was behaving in a way that made no sense. We’d see perpetual melt-ups, for no good reason. Most people just chalked it up to “government bullshit,” and proceeded to buy high beta securities, with the backstop that manufactured inflation would bail out investors. People figured, Ben Bernanke was on their side and the data didn’t matter. Lo and behold, something has changed. We are in mid-August and the mood is different.
Bonds are out of control to the upside. Let me note, bonds are ALWAYS out of control to the upside in August: do a little homework. Stocks are getting clobbered, rightfully so. And, the relief rallies are short lived. People are confused because the market is actually making sense. We’re so used to trickery and manipulation that the real thing now seems to be untrustworthy.
Nevertheless, we are oversold and should get a relief bounce. According to my investment thesis, I should not have all of these fucking longs on my books; but I do. You cannot change the past, so quit bellyaching about it—dick sucker. I am most astutely interested in altering the future, which is why I just added to my TNA position.
For the love of nuclear wars and salmonella, we need a little irrationality in this market place. One for the road, please.
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The PPT wins again. Not.
p.s. whatever happened to the math test we had to pass to prevent red necks from posting here.
Patience small pleb. Patience.
What is the PPT Score?
1 dollar a day.
“One for the road, please.”
Or one for the ditch, whichever the case may be …
Relief bounce is scheduled for Tues, commence the clobbering.
Totally sucks.
Why isn’t anyone buying the dip? Where the fuck are the dip buyers?
This has been a day of pure suckery.
This day is made from gay. 100% gay.
Not that there’s anything wrong with that.
And as my friend George Costanza once said, “I’m very gay. I’m steeped in gayness.”
it has stolen my string of nine .25% gain days in one fell swoop.
But its not over yet. There is still hope.
Huggie,
Please don’t use that four-letter word when discussing the market.
The Dip Buyers (Seals) are cavorting at the Sandbars … while basking sharks at Horse Neck Beach in Plymouth and Great Whites off Chatham Bars Inn yearn for a dish of marbleized sushi . You take a dip!
lol, still no swimming yet?
The dip buyers are kept in prison. They are being released just Saturday night…
We’re going to get kicked in the balls until September 1st, then we rally 12% till the middle of October. Then George Soros is exposed as a sith lord and Samuel L Jackson goes to arrest him. Soros kills him. The price of gold shoots to 3000, and the Dow rallies to 18,000 upon news that Keanu Reeves has invented cold fusion. He is killed for this but the technology replaces oil – a true win/win. Then Hitler shows up. Having been genetically cloned but partially deaf, he hops on a puddle jumper and flies north to the HAARP facility in Alaska. After incapacitating the guards, he aims the device at Florida’s orange crops in an attempt to “exterminate the Juice” once and for all. Eddie Murphy and Dan Akroyd are ironically on the wrong side of the trade and end up homeless.
lol
If not already, you should become a writer of fine novels.
Neighbor Fly. Steve, Jr. wants to know if he can come with you to San Diego. He wants to learn how to skateboard from Danny. Yes, it’s true. Steve,Jr. is going to quit the after school Physics and Trigonometry Club and decided to become a professional skateboarder after playing Tony Hawk on the Nintendo belonging to Fly,Jr. and watching Shaun White at the X games.
Here is your catalyst for a relief rally this afternoon….Japan PM Kan to postpone meeting with BOJ Governor Shirakawa
Comeon– it’s the middle of the night there.
Speaking of Japanese news… Japan will become an importer of …rice… for the first time since the Mongol Invasion in 1274….this has the country in an uproar… and confused Japanese kids to such a degree…that they have been trashing their…Sengoku Basara: Samurai Heroes games for…PS3 and have now begun to watch reruns of Gomer Pyle on Nippon Television Network… and baseball has now been replace by Female Cole Slaw wrestling as a major spectator sport… the Japanese Government has promised a Yen intervention to ….adjust for the rice shortage…and don’t get me started about iron ore..it’s a big situation developing
Fake Nymph…So that is their stimulus plan for a weaker yen…I didn’t see that one…lol.
They are better off making more Toyotas and buying their rice.
Are your boobs plastic?
yep, around 2 am but that is what came out…they have been going back and forth on this meeting and the 15 year high yen all week….market seems to not want to take the bait at all.
I’d like to be placed back into the Matrix please. Fuck you very much.
What happened to the machines that used to come out and literally plunder-fuck the shorts in a situation like this?? When suddenly, for no reason, the machines would march the ES right up notch-by-notch for about 20 minutes for a good 2%? WHERE THE FUCK ARE THE MACHINES???
I am starting to be concerned that they’ve turned off the machines. They may be doing this purely to fuck Obama, planning to leave the machines off until November.
Normally, the machines would know THAT THEY COULD PLUNDER FUCK THE SHORTS RIGHT NOW with a squeeze that defies all logic.
This is bullshit.
I’d like to be put back too… Ohhh, how I long for the 40-points-a-day days…
On another note, I’m long VXX and while being right, today I am wrong. Why is this thing sucking scrotum? Options expiration?
VXX is a retarded ETF invented for retarded people…
read the prospectus… LMAO
fine print: if your ass hurts… VXX is working
Neo….It’s not for real….once you take the blue pill you can’t go back.
I nibbled– bot ATK,ARTW,GFI (sold APKT)
The market insanity returns when the senior traders return from vacation.
Mr. Fly
Do you know where Jake Gint was last night?
http://www.reuters.com/article/idUSTRE67J0PN20100820?type=domesticNews
Someone wake me up when its 4:00 – this is a very gay market
Fly when does your jet come in for this years Bilderberg meeting? If you would like we could meet by the pool like last year….
What’s the over/under on the how long it takes V.King to get banned again?
I’ll take 3 days under
I say by 3:30pm
Now go whipe the Fly’s ball sweat from you chin….
Dude you make me laugh. You are one-of-a-kind and still haunt this site. Amazing
Summer job as a waiter?
You mean senior robots
Embrace the confusion, camels (not calling Fly a camel of course). This is not just Opex. Next few weeks, you will witness more swings than the number of times Oprah went from fat to thin and vice versa. Think mean reversion with the hyperness of a sugar loaded 4 year old.
Wait a sec…famine…drought….disease…unsanitary living conditions…Pakistan/china and elsewhere….shouldn’t we be looking at Pharmo’s…building supplies and transport…containers…ships….and other modes of mass cargo haulage…?
Work with me here People….I am but a ‘shroom
I traveled in Flys time machine before the PPT was built and I programmed it to be wrong just in time before the August to October clobbering so
I could get short while you all wait for a bounce that never comes… Mwhahahaha!!!
-just kidding
The Fly says:
August 18, 2010 at 2:38 pm
TNA, FAS
ANY DOUCHE THAT LISTENED TO THIS DOUCHE THAT BOUGHT TNA OR FAS IS
A FUCKING DOUCHE , AND IS DOWN OVER 10%
HOW CAN THE FLY BE UP 200% OVER THE LAST 2 YEARS WHEN I SEE ENDLESS TRADES
TURNING AGAINST HIM
SUCH FUCKING MALARKEY
oh for crying out loud grow up,
his trades are just fucking ideas,
you must be gay.
Can Jeremy install a “poor person” filter?
Go and hit the brick wall with your head. Maybe it’ll help.
Because Fly’s attention span is longer than 15 minutes. He even carries some trades over to the next day, believe it or not. Oh the horror.
Ideas ? He says
BUY FAS
BUY BAC
BUY TNA
BALLS LONG
HE IS WRONG AS BARACK !
FUCKING DUM DUM
NDX 100 already green now…
LOL…
Fade him then fucknut.
Would you like a sandwich?
Whats my cost basis on tna?
Furthermore, are you aware that asset allocation plays a major role in the performance of an investor, such as myself?
Needless to say, you’re banned!
Serious note to you assholes
The next person to talk shit about 2 day old trades of mine will fall victim to a serious mustache removal. You little trollops need to step off to twitter
What about the time in Nov. 2007 you were talking to the guy (I think it was a guy) at the next urinal telling him (or her) that MVIS was going to merge with AAPL?
I wouldn’t want to be short come merger monday
The shorts are having a great time with education stocks especially COCO
Only EDU continues to be incredibly strong
I say we keep the gay guy. Contra-indicators can be amusing.