I haven’t looked at my monitor all day, ever since it decided to castrate me. I understand the President had a CNBC townhall meeting today. Fuck the President. “The Fly” is officially dead. You may all address me as “Charbuckle Wilson” for now on. I will move my family down south and open a chain of novelty shoppes. I will name them “Charbuckle’s Stuff.”
I am prepared to let VXX go to zero. As retarded as that sounds, I’d still be up 5% for the year—if that shit really did happen. The bottom line is I am beyond mad. I am an angry man with steam coming out of his ears. This recent market run, which was predicted eloquently by all other iBC bloggers, is like a perpetual car wreck for me. The sick shit, I’m still driving the fucked up, mangled car, doing 100mph on the freeway. People gawk and point and say “holy shit that guy should be dead.”
One word: SEATBELTMOTHERFUCKERS.
Okay, Charbuckle is leaving now and will not bother reading any blog comments, for the lifetime of this blog. Do not bother asking “Charbuckle” questions, for he barely knows English. I now leave the integrity of this blog to you, the unwashed people from the internets.
See ya’ll the fuck later.
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Long live the fly
CWIG
The market is waiting for you to sell the VXX before giving us a violent collapse… 8-(
3 days later…
Say it ain’t so Mr. Fly.
WIG (Woody)
“This recent market run, which was predicted eloquently by all other iBC bloggers”
Everyone? Shit. I better start reading everyone…
I should have at least went to all cash when I spotted the Scott/Fly Divergence.
Scott/Fly Divergence? Is that a technical term?
Remember, we are all gentlemen here…
its a new custom indicator i’ve developed….
Very nice call Scotty. This move was epic.
thx…We’re not done yet. I will have a new forecast this week.
“Charbuckle’s Stuff”
ROFL !!!
—
I feel your pain, senor !
.
Wow SQM has really taken off. Haven’t looked at that one in awhile.
Come chill with me at my log cabin. I’ve got bud light and espn.
Mr. Charbuckle,
Do you carry one of them old IBankcoin mugs. I really like one as I used to be a gentleman, but could never afford one?
LONG LIVE MR. TROPICANA
Just look what happened exactly one year ago before and after the FED meeting (23/9/2009) and you’ll feel much better!
friday saw a 6 month record level inflow of money and buying on weakness http://bit.ly/bLx2XK
while nothing large or significant, today has been relatively negative since the open. http://bit.ly/9YMWVD
I LOVE YOUR AVATAR!
helnwein. bit.ly/hp5Rn
OH THE HORROR OF IT ALL !!!!!!!!!!!!
I am thinking to capitulate here and sell all this ETF crap…
it is not about about thinking…. it is about acting.
Get the fuck outa here, as usual I’m sure you’re winning, even though it appears you are losing. Hey, maybe this move is part of the maximum 2% upside you referred to on Friday. The Fly is always right, even if it appears he is wrong. I’m picking up some TZA today as a reminder of that fundamental mathematical certainty, besides, I’d like to avoid having you buy my margin liquidations later in the week.
You should believe my ace reporting from the floor good sir !
That’s Bullshit. You must man the turrets, dammit!
Can I order one of those ball caps with the mullet in the back and “The Fly” logo on the front?
Maybe the Trading Nymph will follow you…
I can get you a lease on a corner of a parking lot of a Waffle House (about 2 blocks from Disney entrance) to sell Charbuckle’s stuff.
You can have a big umbrella to protect yourself from the rain and sun.
Plus you can eat all of the pecan waffles and double order hash browns smothered with onions that you can handle
Hey, even McDonalds started with one location.
RIP Fly Long Live Charbuckle!!
Charbuckle do you think I should go long or short given the recent market action?
he was a good man…… while he lasted
1140….. fist step complete…. yes, just a first step
This market is straight homo. Not sure what to do myself. Maybe I sould just load up on ARNA. Ohhh, and BIOD.
Take it and bid it … idiots
CHTP, ATHX, BDSI, AVII, NEOP, CBLI
The PPT score must be around 4 by now….
Nope at 3:09 it was 2.86
PPT is 2.88.
Surprising that Fly was so bearish when the score was not above 3.
…markets are not made up of a day or even a week. You ever notice that most buy at the top and sell at the low…there is a reason for that.
I’ll bet you look good in red … a regular Nancy Regan, haha
Tea..If you notice 1042 was my resistance in my article last night…..When Fly is this bummed…you know it’s a top…
bull market has no top….
Neither do you
If you read my post u’d see 1146 was the next pivot after 1136 …
The Fly will be back! He’s a master of this investing game. Put that tophat back on and get back in the game!
As for all you bastards that wrote me off as some perma bull that was drunk on Bernanke koolaid – LOL – I am very much enjoying this run.
VMware going to $500. I just loaded up on call options!
Gambling is really fun…
I own a pocket full of OOTM calls on AONE.
Hey guys, before you start giving yourself wedgies, seppuku-style, know that “The Fly” is not dead. He is merely morphing to another one of his alter egos until he plans his next move (or blog post). This market will not keep him down and out for long.
The Fly is actually winning, even when he appears to be selling Charbuckle trinkets from the trunk of a 1986 Plymouth Duster.
Long live The Fly.
Patiently awaiting the appearance of Horatio Clawhammer or Merlin.
I fucking love your posts.
Wedgies seppuku style? Please post youtube video.
“Once the game is over, the King and the pawn go back in the same box.”
Not the V.King…I’m being buried on Jupiter the King of the planets….
This would be fitting, as Jupiter is also a gaseous giant.
_______________
Sweet. +1
My prediction, Fly’s next post:
“HEY FUCKFACE, I BOUGHT 1,000,000 SHARES OF GOOG.”
Followed by: I BOUGHT GOOGLE.
Well, at least the disclaimers such as “if you buy this stock a basketball sized meteorite will fall out of the sky and hit you in the nuts, and you will lose money” are there. About 2 years ago I followed you into FZA Fly. That sucked. My next fly buy (although smaller in size) was this recent TZA at about $31. I still like you. But I think I’m about done with inverse ETF’s. I’ll let TZA float for a while just in case, since your personal account is up a trillion percent, and my exposure is relatively small. I still want a vindicating Merlin to tell me that Charbuckle’s stuff went out of business due to the market realizing shit stinks, forcing you to re-take the reins of your infamous website.
I have capitulated – out of TZA for egregious loss…. Let the selloff commence….
whew! thanks! i was waiting for someone else to do it!
Thanks I just picked up your squeeze!
This is the Market Meltup before the Meltdown!
sure, but let us hit dow 12k first *lmao*
PS. what happen to fuckface?
12K this year
What a bearish catapult setting up today! Unbelievable
Hey Fly…If you’re a God won’t you raise yourself from the dead?
Come to texas, go to the hill country of central texas, ride the new braunfels river, get your peace from the river. And then tear up the market, with renewed vigor.
I’m with Fly.
FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK FUCK
…and I know the instant I close my short positions, Flash Crash II.
Just DON’T – trust me – I have been there for months on end. DON’T fall for that mind fuck. Watch the tape – trade what IS.
No doubt this market will eventually sell off. It just doesn’t want to do it right now.
Tomorrow is Turnaround Tuesday, so you bears rejoice and take heart that you may have one day that is yours. Use it wisely. I do not believe that we are overbought in the fullest sense of being ‘overbought’, since sentiment is still leaning negative.
There’s too much cash still on the sidelines and on corporate balance sheets that is putting the fear of God in the bears.
We’ve seen share buybacks initiated all year now, and now we’re getting an uptick in M&A., along with bump ups in dividends This is a shift in the mindset of corporate boards, as it is reflective of longer term thinking and strategic planning. Of course, the CEOs and all their management team and consultants could be dead wrong and we get Great Depression II.
When/ if we see insider buying pick up dramatically, I believe that will be the final confirmation that what many are calling a stupid, nonsensical rally, is actually the real deal.
By then it will be too late for these losers to make back what they’ve lost by being negative. They may have won some small battles, but they are losing the war right now.
Market going higher to 1225 S&P by year end.
Don’t forget the dollar. It is getting continually weaker and has failed to manage any strength during its latest sell-off.
As long as the dollar declines, bears will be skinned.
Having said that, after being long since SnP 1060…I am completely out today. Time to sit back and reevaluate the move.
Charbuckle’s would be staffed by old broads in blue smocks, and there can be a Playboy spread, “The Ladies of Charbuckle’s”
We’re getting at least one 40 to 50 SPX pullback within the next month. At that point, ES wold be sitting at 1080-ish. That would be a good time to capitulate, not way up here.
Im seeing more short capitulation chatter than I saw at the april 2010 highs. Extremely Bearish omen.
Im looking for TZA to bounce then get out with not as big a hit.
Hopefully this is the “Deathblow” for all who cannot remain solvent.
Last time I checked, hope wasn’t a good strategy.
TZA getting kicked down the stairs by really old men
Steel or stone stairs?…… Not that it really matters.
rotfl
Has anyone seen my ball clippers?
Okay, I grant you a one time pass to whine and complain and feel sorry for yourself. Tomorrow it’s back to work and I expect double the insults and a 20% minimum increase in snide remarks.
Now go back to crying in your pillow, Mr. Sensitive.
(I expect a ‘fuck you’ response in 20 minutes or less – starting now….)
Time is up and no ‘f.u.’ – this could be serious…
eod capitualtion…. better now than at 12K dow
I will capitulate tomorrow. A couple of thousand less or more ….
TZA SEATBELTMOTHERFUCKERS…. yes sir
Market opens down 200 pts tomorrow. Thanks for playing!
That would be too easy.
0% chance.
Ha! I found my bloody ball clippers!
More work to do tomorrow. Not telling on who those unfortunates may be.
Most of the bears have capitulated by now
As Alpha brought up, it certainly would be a good place for a sell off even if it’s only one day
I will mostly likely add to something long tomorrow if we get something reasonable
The Aussie, the Swissie and the Loonie were all stronger at market today.
I don’t know what that means, but it sounds like the makings of a good childrens story.
Aussie was up cuz of RBA Stevens comments last night about rate hikes, the RBA minutes come out tonight. When OZ is in rally Loonie normally follows. The Swissie was strong cuz swiss bank was buying it against the GBP…the OZ rallied the miners last night…and made the Tech MoMo’s think Global Growth is still the play.
The specs were also increasing their net short positions on the USD, via the Loonie and the Aussie, from the Euro and Sterling.
You got too enamored with the PPT. Mean reversion works well in a rangebound market but not in a strong trend.