You better get to throwing coins at your pagan statues, for today’s set-up feels more like an ambush. I cannot believe what I am seeing, with regards to FXY/TLT. Even more so, I CANNOT BELIEVE THIS FUCKING HOTEL HAS CRAPPY WIFI.
Either way, be very careful out there and keep in mind, this market can remain irrational for as long as it wants. From my early looks, most sectors are getting poleaxed to the point where a down 3% day would not surprise me. A lot of people think we can bounce here, which is true. However, don’t count on Hail Marys winning the game. Do yourselves a favor and get hedged, even if you hate doing it. Do it.
More later.
UPDATE: I am staying put until 10:30 NYC time.
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Now I lay me down to sleep.
SMH I should keep.
If it goes down and I am long
God help me with a song.
If it goes down and I am short.
I will buy several cases of the finest port.
Indeud.
Bulls need to get used to days like these, it’s late 2008 all over again. 20% declines dead ahead.
Do yourself a favor and go feed a Beluga a sandwich at Sea World before Mademoiselle Le Fly serves you with papers.
Gold up, silver up.
What does that tell you?
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Actually, not much.
Every time gold and silver have mirrored a rise in the dollar, the dollar has broken.
We’ll see if history repeats.
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dollar weakness is good
“Good” is certainly relative, but “bullish,” sure.
Is Mlle. tapping her foot yet? For some reason, I am familiar w. this scenario….
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HOLY SCHEISS THE DOLLAR JUST BROKE HARD!!
Gold riiiiiiiiipping!
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Try a starbucks, the wifi is better. Besides the coffee is good.
i just loaded up the vxx truck.
did that yesterday….now, when do i get out?
Got pole- axed on my CMI- ouch. Glad I kept my SDS hedge at least. Guess the FED appearing helpless and clueless is starting to sink in.
so Fly will the drop start in September or last week?
“Mosquito,” lol.
So it shall be decreed — henceforth, everyone must take on insect and or arachnid names.
“Goldbug” is too easy, I will have to think of another….
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Silver Beatle?
This is the dip you mentioned two or three days ago. Buying here… as long as the price is at support.
Taking a closer look…. I think I will wait one day… nothing is really at support yet — but close. One more down day.
I have a great deal of traveling and have found that pretty much every hotel has shitty Wifi…I have found that I get better connections most of the time from my 3g.
Looks encouraging
I’m on record in PPT citing SD had pressure to shove it into the 3’s, and it dipped to 3.95 briefly this morning. Not happy to be right, though.
P.S. Fly- recent travel has shown an inverse correlation between quality of accommodations and WiFi service. Gave it up and bought a MiFi hotspot (Verizon) to bring on the road. For domestic travel, it’s invaluable.
Crappy internet !! That is how I determine when it is a crappy hotel. 😉
Watch Homies.
XHB,ITB.
Coming back, shorts should cover soon.
FLY,
Do you still own TNA in your personal account?
Are you adding more TNA at this level?
Re Home Sales:
We were going to replace our big inefficient fridge two years ago. But now I won’t buy shit until the gov’t pays me to do so.
Today’s stats are merely a reflection of a the socialist, command-economy crap in which we have indulged. The mkt doesn’t know what to do with stats out of the new people’s republic.