Get long TLT, FXY, GLD short UUP, short USO and long even moreSPY and lots of cocaine.
WTF!!?? am I talking about? Yet, that’s exactly what is happening here today, on this fine day of our lord 9/14/2010. Stocks are being buoyed by a blender full of absolute nothingness. But, what sticks to the wall is most important (are the sour grapes shining through yet, no? Wait for it): the dollar. Ah, the fucking dollar is going down, at the same time long bonds are going up. Here on Wall Street, we don’t give a fuck if that makes any sense, as long as it makes sense for me right now.
MSFT is borrowing some free money to buy back stock, naturally. What else are they gonna do? After all, isn’t the most important aspect of American capitalism equity manipulation (ah, there is is, quite bitter actually).
The market is leaning towards accomplishing another 40 points and out, even though there is weakness in banks and some oil names. Actually, today is a very mixed day, aside from gold and retail. Both of those sectors are through the roof, as retail stores now accept GOLD as a form of currency to purchase their bullshit wares.
I got the “deer in headlights” action going on here, so don’t expect much from Senor Tropicana. I’m a bit stubborn when it comes to investing, almost like a spoiled baby brat. So, until I stop pouting and pacing back and forth in my white robe and sandals, you might want to, well I don’t know, read a book or some form of investing literature.
NOTE: It’s not the money, but the wins.
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http://www.youtube.com/watch?v=MtN1YnoL46Q
Fly is a duck
+1
Can’t believed I watched the whole thing! lol
so ashamed i did the same
FIG…and this market does go lower tomorrow.
I want my $46.15 TNA print… !
What’s a book?
Anything like a Kindle?
I am off to the mall with my gold coins!
TLT goes higher – doesn’t it signal equity pulling back soon?
Excellent post….if i could only afford enough gold coins to do some decent shopping.
Also, i do love today’s market. As long as you are buying something long….anything…you win. Except dollars, that is.
Borrow some from Jake.
i don’t know if you’ve noticed, but he is rather possessive about gold.
Check me leprechaun cartoon for reference.
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A dollop of ambrosia will do ya on days like this.
Fly,
Perhaps today would be a fine day to take a stroll and smack some homeless people with an empty garbage can. I would but we don’t have homeless people where I am.
Where do you live, in the woods?
but there are homeless people in the woods here in Oregon.
You know what else lives in the woods? Bears.
let’s hope the bears don’t come out of the woods. though i need to see my vxx and tza go back up…
Right or wrong… when I called for the September Surge several weeks back I also told myself: Bullish, on or around Sept 15th you will want to own very little stocks. So inturn, I have been lightening up today in my trading acct.
If all goes accordingly, the market will drop, the PPT will be oversold and I will be sharpening my bull horns for the next run.
Now que the double dippers…. please have some fun, for it will not last
So I guess he is still holding ground on his shorts. Good man. This rally is near its finish. I believe the good news is now baked in to the market. Good housing numbers, good employment numbers, good retail numbers…. all of them baked in now. There is nothing left to keep the rally going.
the belief that “there is nothing left to keep the rally going” has blown up a few accounts these last few years. “nothing” gave us a rocket fuel backed 5% jump in september.
I think you forgot the biggest “player” influencing the market. Our dear Uncle Ben………you know how they say it……”In Ben we trust”………..isn’t that what’s printed on our money??
Discounting the actions of the Feds in this market is foolhardy. Their actions may just be delaying the inevitable but short to mid term they will have their way. And that is up because the only option they have is to inflate the debt away. The alternative of paying for it in actual dollars or worse yet, deflated dollars is unthinkable……….Reminds me of what the Emperor of Japan said at the end of WWII. “Think the unthinkable, bear the unbearable………….” . Defeat in other words.
selling more longs…bought some VXX finally… you can see the market & press is filled with virgin-like quivering anticipation of breaking upward into whole new realms of sensation… gosh, and I thought traders were a jaded lot..
Looks like Fucking Golman Sachs is out there telling everyone that Santa Claus is coming and all the boys and girls are believing it……Hedge funds went heavy on Eur/USD leading into ZEW data last night which missed ugly….Surprise… buzz starts coming out per GS that the US Govt is going to add another 1T in QE in Nov/DEC….they should know.
Nymph, your husband is gonna lose it when he finds out you are losing his retirement money
if you need a hobby, try cooking instead or something
Fly, why does she post?
Alberto,
Why the aggression?
lame
I wish Fly could ban newcomers from commenting before they pass an obligatory two-month-long watch and learn read-only period…
Nymph rocks…
Alberto, Let me guess…..Intern at GS? Looking at Fly’s site on your break from getting coffee there?
thank you Test, Myke and wtf
Yeah…..leave her alone…Alberto…or else…
Ouch! got him!
lol
Nymph is a very smart lady. What’s wrong with you?
Yes.
We have so few females commenting here.
A few gays,a few transvestites, a bi here and there, and a bunch of question marks.
But very few females
We need to hang onto them for honest opinions.
ROFLMFAO
not that you need my encouragement, but hang in there fly…you’re still the best money manager I’ve seen. period. think/fight harder…persevere
Polish those grapes…
QUACK QUACK !!! WADDLE WADDLE !!!
SELL ON THE NEWS… That will be the motto going into earnings
Managements like to buy back stock so the value of their options will go up. Shrink the float, get a bigger piece of the company.
Where the fuck is this downturn????? Come on already with this Overbought bullshit.
Effing Market is as stubborn as Mr. Tropicana.
and I am stuck in VXX down spiral
i got vxx tza too and maybe market will turn down tomorrow – would have already if i sold mine hedge, ;-). but any way i am the one bought those so no one else to blame.
Why does the yen keep going up what does that mean?
LISTEN !
Do you hear that ?
It’s Le Fly … warming up his vocal chords for a solo the likes of which would make Enrico Caruso proud !!!
—
This Market appears to be turning over here … and when it does … COVER YOUR EARS !!! lol
.
fly, nice call on oil
i herd its probably time to trade some options, if ur in oil.
so yaaaaa’
rock on dude
A Question,
Instead of taking a walk for a sandwich………might it be ok to have a gentlemanly drink, like a vodka or two ???? just asking ?
Only explanation for Bonds up and Dollar down is the market is betting that Fed will announce QE II next week.
Dow 36K here we come. Loading some BGU, TNA, ERX, DRN, SOXL on Margin. Two things are going to come out. I will retire or I will get blown off with this C4 and go back to the cubicle.
I’ll let you know when my 82 year old Aunt Thelma from Miami Beach calls me to tell me that she entered the stock market for the first time since 2000(we know what happened then).
That will be a short term top
What is your downside target on IWM to cover TZA? Are you setting a limit sell at the target in advance or playing along as things develop?
MY TZA target is a $1.56 that is after they do a reverse split three times.
TZA is all over the map.. Should the market sell off TZA will sky rocket.. Thats what the one minute live charts are telling me.
WHO SAID:
$$ turnaround Tuesday living up to its name…
Will the person or person’s holding
Holding a fresh buy order with the following ticket symbols go to the back of the line please. Fas Tna. Hee hee!
Ah, the fucking dollar is going down, at the same time long bonds are going up. Here on Wall Street, we don’t give a fuck if that makes any sense, as long as it makes sense for me right now.
Perfectly reasonable explanation if you understand who is selling dollars and who is buying bonds.
Hint: “Who” is singular here.
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