I know the Fed waits in the balance and the market can turn on a dime; but we are due for a sell off anyway, no? What better time to WHOOSH lower, based upon lack of QE2 chatter? Should “The Bearded Clam” disappoint market participants, we will trade lower, significantly. The stage is set, from yields to yen, back to breadth.
Howsoever, the market is in the retard zone. Therefore, nothing is what it seems and everything is made with dream dust. I shorted more AEM, due to my belief that gold is scheduled to trade lower. Yes, I said “scheduled.” But, I am not interested in shorting anything else ahead of Ben. He’s a fucking rapist.
Oh, by the way, never trust the initial reaction, as it is always a trick. Typically the market finds its direction about 3:00. Either way, we are due for a sharp reversal of fortune, if I might be so bold.
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FIG?
Amazing. Just happened to be at the right place at the right time. The question mark isn’t because I question that FIG, simply that I questioned whether I’d be the first to say it.
Now I can die happy. Mind you, I’d be even happier if we have a big sell off any time soon.
Give Ben time to get his Wizard hat on and get behind that curtain. The levers DO NOT pull themselves!
LOL
My new hobby: listening to my iphone read me the Fly’s prose with the built-in robot VoiceOver. Indeud
That is hilarious.
_____
What’s the App called ?? It would save me many ‘near accidents’ in the car.
Jeremey how did Chuck Bennett get 200 write in votes in the last hour for the 2010 V.King award?
I love Bernanke days…
I think he says that while things are still fragile there appears to be an improvement in economic activity over the most recent period and that we stand ready to put lighter fluid on this rally if necessary.
BRING IT ON!!
I used to love to day trade (box trade) the Fed announcements. Total meat grinder at times.
BTW. I’ve been in the PPT for the past 4 hours. It is highly addictive and very helpful. I’m impressed. Thanks for the great tools guys!
I’ve been thinking about how remarkably similar this run has been to the last one just prior to the previous Fed announcement and how afterwards there was a large sell off.
But can it really be that easy?
Note to self: If in my lifetime the DJIA loses 50% + just buy AAPL,AMZN,PCLN and forget about it for a couple of years.
Confirmed.
How come no Yankee talk today chump?
Sad.
The problem I see is who ever plays the Twins will be playing in the snow.
And think of a World Series in Minnesota.
It may have to be postponed until the spring.
Who did you vote for concerning the 2010 V.King Award? I think someone has hacked into the system….
Steve The Neighbor write in.
I believe the Russian weightlifters hacked the the poll.
Womens or Mens?
Can’t tell.
They look the same.
Don’t ask, don’t tell.
Warlord DMG who did you vote for?
No frickin’ doubt. I owned AAPL in the $80s.
If you think about it, we all should have had the sense to do just that.
HA! I owned FSLR in the low $50s … back in the day
Does anyone else smell the imminent arrival of Merrrrrrrrrrrrrrrlin??
Fed announces a car in every garage and 2 chickens in every pot. The middle class goes crazy and dances in the streets. Dow soars 700 points.
Actually it’s 2 cars in every garage and a chicken in every pot.
http://tinyurl.com/2asmvkd
Party On!
Well we did get a few seconds of woosh… gee.. WTF was that? FED worry about deflation? I thought we are out of recession as announce yesterday, so did they forgot to mention that we are out of recession “and into depression”?
FTF (Fade the Fly) ? Oh my, say it isn’t so …
Lower interest rates for everyone.
Businesses are looking to hire, but there’s a lack of skilled (motivated) workers. Job training programs will be the next significant announcement from the government. BTW, this will also be coupled with an end to unemployment benefits – one takes the place of the other.
Let’s see, it’s 2:35 and Dow is up 57 and SP 500 at 1146
Like you said a week ago, the time to short is when you see market weakness.
Gold is another issue.
Do not be fooled
Short oil looks good.
I’ve been all over this market since the move began BM2.
I know what I am doing.
Jim Cramer just blew a vein in his neck. Correction coming
How can a flat market reverse?
PARTY TIME! Gotta love a market controlled by men high on coke with computers!
Nice Whoosh!!!!
We certainly got your WHOOSH – just it was up
Major financials centers don’t look good here (JPM,MS,etc.)
XLF short or SKF.
The carry trade is on again. I am carrying dozens of ink cartridges to the treasury
LOL. me too
POMO POMO POMO POMO POMO. Primary Dealers looking for yield.
If POMO was not scheduled, I would be right there with you.
It’s tomorrow and FRIDAY…three times this week in which the Fed will be in buying Treasuries……..
Fwlt breaking out finally …
That sucker is like the little
Choo choo that could..
Finally choo chooo
Go little choo choo
Fly busy shorting more AEM …
This rally is sick. Bonds,stocks,gold all screaming higher and its the greenback’s blood thats taking them there.
I saw bed bugs in Uncle Ben’s beard sucking volumes of blood.
Thought those were leeches like all the prunes hanging around Harvard skirts.
Those Harvard skirts are generally pretty ugly.
Most major in Women’s Studies or Global Peace and Justice.
And the funny thing is I believe they are pass-fail.
That’s Brown.
______
Especially Brown.
I visited the campus when my daughter was scouting out schools and I believe I can make a generalization of what I saw.
Nothing but a bunch of selfish, over inflated ego, Daddy and Mommy are rich and bought me my BMW when I was 16, punks who couldn’t get into Harvard,Yale or Princeton.
My daughter saw the same thing and ended up at the University of Virginia.
This is sooooo much like waiting in Line at Disneyland. Everyone thought the line was moving so fast and they were going to get on the BEST ever ride with DREAM DUST everywhere….but nope, we have to stand and wait….I think the ride is” Drop Zone”…I just have to stand around and wait for it.
The fly was wrong?
Oh no, the world must be coming to an end.
NO!
He just wasn’t RIGHT YET!
nice one!
Jim Cramer shot his load all over Obama and The Beard.
Covered the XLF short and sold the SKF.
Have to make the $$ somehow.
..ah..gee….thanks for the picture.
You nailed the up then down thing. Nice job!! Do we hold our TZA, and what is the target?
Classic fake out and reversal.
Prescient call, senor.
+1
TIMMMBER
Made out big time with my short term long rentals and sold them in the initial rising tide post FOMC and as chronicled in twitter. My open shorts are finally making some money. Latest post on strategy update – http://ibankcoin.com/king_of_the_pg/2010/09/21/ringing-the-cash-register/
long live the fly.
“Turnaround Tuesday”, as advertised.
This market is homosexual.
It is a homosexual opera (not that there is anything wrong with that).
Plenty of traders sashaying in and out
Uh,….no.
Eat me. Higher.
Raised some cash and put some more VXX vapor rub on to sweat it out with my TZA.
Good luck, boys.
In retrospect, the headfake at the top of this now well established range appears to be playing out. It feels very right to be short here.
Unless this head fake is really a head fake of a prior head fake of an overbought condition, no?
Ah yes grasshopper, the feint within a feint within a feint. “ya pay ya money, ya takes ya chances”.
Whoosh! The Dow is now…….green. Ooops!
Sorry.