I am jaded, totally biased against the market. I am not a technician, nor a fundamentalist. I am a hybrid investor, shout out to Scott Bleier.
This is how I see things.
The last few days have been failures for the bulls, because the onus is on them. Due to the bull mode we are in, it is their responsibility to keep the ball rolling. Over the last few days, as well as today, all rallies have been sold. As a matter of fact, they’ve been sold aggressively. I know the market can rip tits tomorrow, based upon some rumor that the Bush tax cuts will be extended. I mean, that would force me to cover all shorts immediately. However, barring that, the economy is still struggling to getting worse. Taxes are going up and there is a lot of funny shit happening in the world of currencies.
If I was super aggressive, I’d be shorting banks here, with impunity, while going long treasuries. As yields come down, so do the profit margins at the banks. Having said that, I’ve been buying ridiculous amounts of TLT today. I am looking for it to run past $110.
Ultimately, victory will be mine, as I am the only person I know who talks to urinal shadows and zips through space in a fucking space rocket. The rest of you are merely pedestrian. Always remember, while mocking Senor Tropicana: at the end of the battle, it will be your head on the pike, not mine.
[youtube:http://www.youtube.com/watch?v=rudkeNEJk_s 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
fig
fig? This blog needs a glossary, a faq, a ray of screaming sunshine and a dose of penicillan. It’s a cruel and shallow money trench. A long plastic hallway where thieves & pimps run free and good men die like dogs
Where’s Hunter Thompson when you need him? Fukin’ ded.
http://ibankcoin.com/dannyblog/index.php/ibankcoincom-dictionary/
Awesome
…but did not found “SHOMP”
LOL
it is updated once per year
Thank you very much!!!
‘fig’ is not what it used to be, in fact it isn’t. At least it isn’t in the ibancoin-dictionary, that unsullied spot of common agreement.
It came to me in a revelation. The flock have spoken and He who cannot be named is worshipped! – Hence ‘fig’
vis-a-vie
Bulls want this pullback. Bulls NEED this pullback!
BTW–Wall Street II debuts tomorrow. Is that an important “hybrid” indicator?
and thanks for the shout out!
Yes, WS II is an indicator but, not important. It is both a lagging and forward indicator of chronic brain arrest among our populace where style, quality, excellence and reliability are non-existent for the millions absorbed only with sucking the government teat and hoping to win the lottery. Bears also need a pullback to confirm their belief in being shat upon.
Amen
is it think or swim or im I seeing market numbers moving hurky jurky.
gotta have a mix of both tech and fund.
three days lower…
thank God we are getting some selling action. I have been sitting on my TZA for too long!! Mr. Fly, please give us a reasonable exit strategy for your black cannonball called TZA. Thank you.
I honestly can’t believe I wasted 4 years of my life getting a finance degree when I could have just read this f’n blog. All the degree got me was several STD’s and countless trips to Planned Parenthood.
Especially because Fly College is expected to go to a BCS bowl this year.
No student Health Clinic but does have co ed dorms which sounds like it could have been a problem for you.
I love it when guys brag about their bullshit heroism under fire. Those STDs will eventually cauterize the blood vessels in your brain making you the producer of Trader Does Dallas. You might as well chop it off and not worry about Planned Parenthood either.
I was thinking the same thing.
Bragging about going to Planned Parenthood? For an abortion, one presumes?
That’s gotta be a first.
_________
The market will castrate him soon.
i didn’t do any of that
Yes my master…
Nasdaq will close at 2322 and then gap down in the morning!
The whoosh will coincide with the release of Wall Street 2, as predicted.
It was written. Therefore, it shall be so, yadda, yaddda, yadaa.
This market is just like Wall Street II, minus Shea LeDouche of course
I bet you they are going to talk about morality/ethics surrounding selling CDS, subprime mortgages, etc. Oh the drama.
Questions will definitely be asked during or after, I just know it- “Wait what’s this CDS thing they’re talking about again??”
I love this place! Another satisfied trader/investor. Thanks Merlin.
Dive bitch…DIVE!!!
LOL ya my thoughts exactly
As The Fly rightfully declares victory in this struggle for stock markets justice, governing bodies are wiping smoke laden black egg from their face as massive stock market whooshing takes place just 3 days post “recession over” feel good public announcement, with imminent release of Shiboof Laboof Wall Street 2 film. Next bubble to burst, facebook user population as “The Social Network” movie is released. Good Day.
i’ve only discovered this joint a short few months or so ago thanks to some real folks. fuck wall street 2, there’s a reality show in this damn site. no shit, bar fucking none.hbo ,no censoring or nothing,this show would blow so many others right out of the agua.
Honestly, I didn’t see today’s sell off coming!
it was not even a selloff .. just ‘buy the dip” opportunity..
u will learn the hard way, commy, just like all the other fuckers who have bet against me in the past.
HEY WTF??? I didn’t write that
There’s only room for 1 Bullish on this site! I’m the only one with the Gray’s Sports Almanac
See, everyone is “Bullish”
O.K. I am the Real Bullish and the other Bullish pretending to be Bullish is an Imposter!
I declare that he be removed from this site at once!
As far as the market is concerned I now believe based on my own indicators that we are heading into a downward spiral! Huge Down! What was I thinking?
FIG!
lmao… I only bet against you on gold ….
you don’t short any gold without asking Papa Putin…
PS. He eats flies for lunch…. with his gold spoon.
I did sell my TZA today…. so you are on your own in the 3x fuck paradize…
im not going to be intimidated by Putin. He nearly lost his whole country to a box of matches, a few weeks ago.
Obama is his brother though… but of course you know that LMAO
and it’s not like I give a fuck…
that’s because you were blinded by the light from the flames…
http://media3.washingtonpost.com/wp-srv/photo/gallery/090908/GAL-09Sep08-2578/media/PHO-09Sep08-176835.jpg
Wrapped up like a douche
where is my DOW 9000 hat?
o, by the way, Chinese Premier Wen is to be thrown into the fag box…. fucking whiner.
Harsh words for Premier Wonton Louie. Fag box, whiner? On the same page with the Sec Treas.
I am still not convinced, need to see another 300 + DOW points down move tomorrow.
Were at heavy volume profile composite support in the Russell right now. Over 1 week’s worth. Could be hard to break on friday.
Only way we start a parabolic leg down here would be for oil to start breaking down. Too many scare stories out of mideast lately, for that to happen. The Sandp500 cant have too hard of a crash if oil stays stable.
Oil never participated in the last upleg, thats bearish
http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=8&dy=3&i=p48086884742&a=180214355&r=138
The market is unlikely to break below 1100 ands certainly not below 1080 without some systemic shock fear.
I will cover my shorts between the 200 and 1080 barring any surprises.
Someone FTK’d in the last minute today??
Fig! Great post!
You bears must be desperate to unload the TZA you’ve accumulated
following your mastah.
A .72 percent drop in the Dow, .83 percent in the SP 500 is a selloff?
You need to do better than that, boys.
After nailing this last move I am sitting pretty waiting
for the bargains, while you sweat breaking even with your TZA.
TZA was up 3.60% today
Not from where I bought it.
@fa18 – Whatever… TZAreans will rule the world. It’s the new word order [sic]. Better get used to it.
You sir, must have a small cock!
If an head & shoulder pattern breakdown fails, usually a VIOLENT move to the opposite direction will begin.
http://x6c.xanga.com/e02f916304c32272054619/w216983650.png
Says who?
NFLX is just a freakin’ MONSTER !!!
That fucker is UP 300% since last September !
Para-freakin-bolic !!!
JEEEZ !!!
.
With a short float of 31%, what the fuck did you expect bitch
…uhhh
Fuck You Asshole !!!
.
I guess I deserved that. You are still a bitch though for not getting NFLX.
…from your past posts (under your previous “Turd” alias) …
… you’ve been SHORT the goddamn stock for most of that parabolic move !
NOW … who doesn’t “get NFLX” ???
—
Again … Fuck You Asshole !!!
.
I am not “Turd”, you fucking idiot! He was King of PG before me. Now I am the king. So you are seeing his old posts under my web site. I was the one who made more than 100% on NFLX calls!! Check my old posts under “Peanut Gallery”
I love you style StockRider.
fml, no edit button.
HAHAHA!
…so you’re the King !!!
Congrats !!!
You’re still a fucking asshole !!!
.
This guy on fast money has a solution to save social security.; cut the benefit completely to those above X income and not raise their taxes “as much”. Nice.. oh, he tossed in “it’s your patriotic duty”.
His solution to the housing problem was to allow foreign nationals citizenship if they would buy a house over 400k.
Pete Najarian gave him kudos for having “stones”.
What incentive is there to be productive?
That guy should be executed, it’s the American way.
Fisher has gotten so grossly obese, he can’t even button his top 3 shirt buttons.I think Najarian was referring to his kidney stones.
More wave work sans Prechter per OEW:
> The short term OEW charts confirmed the completion of the five Minute waves up from the SPX 1041 low to the SPX 1149 high. This completes Minor wave 1 of Intermediate wave three. The pullback Minor wave 2 is currently underway. Thus far, at today’s low, the pullback from 1149 is 26 points (at 1123). This is about a 23.6% retracement of the recent rally. A retest of the OEW 1107 pivot would represent about a 38.2% retracement. Typically we would expect the daily RSI momentum readings to at least reach neutral during this type of pullback. Sometimes this indicator may even get close to an oversold reading. It hit neutral heading into the close. Once this pullback completes the market should then start to rally in Minor wave 3. <
A 50% pullback would be around 1095 (1090 pivot) … which should now be major support
Mr. Fly,
I am not sure if I can put reference to this here, but here it is…
This is a great research on gold stocks:
http://minefund.com/wordpress/2010/08/24/looking-for-value-in-the-gold-sector-after-newcrest-lihir/
I thought you might want to use it.
Fly = Genius
Been coming here a while. maybe 5 people that blog here know something about investing, the rest are imamature idiots.
You sir, are a fucking idiot.
But most of these people are traders. Not investors. Seems like a reasonable estimate.
Wrong. Everyone here is a genius, certified by mensa
you’re a mature idiot? who can’t spell?
The ultimate bearish signal
Yr Ave Oil price
1991 21.50
1992 20.56
1993 18.45
1994 17.19
1995 18.44
1996 22.11
1997 20.61
1998 14.45
1999 19.26
2000 30.30
2001 25.95
2002 26.11
2003 31.12
2004 41.44
2005 56.49
2006 66.02
2007 72.32
2008 99.57
2009 61.66
2010 77.37
2011 82.00
Any idea how much of that is related to a falling US dollar vs a rising oil price?
I think it’s part of the methodical destruction.
The next trade to make:
http://www.raptureready.com/rr-money.html
you can’t lose buying GOLD, SILVER, and COPPER, guaranteed profits as US Dollar death spiral to zero continues. This is the Bearded Clamfuckers gift to you speculators. Enjoy 🙂
But when they announce the new global currency run don’t walk to unload those PM’s …
Ok billy bobs.. When i go to bed at night i’m fart in silk, how about you?
Lol
Well, I don’t describe myself as fart. That’s something anyways.
TC: shot 31 tonight on the front side of Midpines, tips ball down.
ball down
Why are you making a big deal about playing the ball down? That’s the fucking rules. Not playing it down is called cheating.
That’s right bitch. And you thought we would be going up? Go kill yourself idiot.
Regartds
Chuck
FIG
Yeah, go murder yourself.
Dow futs up 26
We go down, but we have one last push up before then.
Who thought different? Don’t be stupid
Regards
Chuck
crack spread
Refining margins rising?
maybe
I love seeing futures up. Everytime we go down. I keep score on this. I think they suck the suckers in.
Regards
Chuck
Whats the score?
Interesting idea Chuck. I wonder if any quants have really researched this. I ask the question awhile back if anyone knew if there was a correlation and got no replies. I’d like to know what the correlation is between say 2 a.m. est and noon est the following day.
I wonder if we have anybody who could write a program willing to do this analysis?
Euro hitting resistance,
gold will drop,
stocks will drop,
dollah will go up,
says Timmay on Slope.
Chuck, I didn’t know you could count,
seeing that you can’t hardly write.
So then he writes softly?
FTSOH (fade the slope of hope)
Who’s going to Wall St 2 tomorrow? I may not be going till Saturday night so please don’t say anthing like “I can’t believe Gordan Gecko got shot”. That would spoil the movie. Thank you
He’s in purgatory the whole time.
something about a prison sex flashback scene and the phrase “grease is good”
I’m going. Matinee. Watching the first one tonight!
Going to see wall st 2 at lunchtime tomorrow
That’s dedication
http://www.imdb.com/title/tt1027718/ The sequel…
Wear suspenders with your suit and smoke a cigar in the theater. Cackle at every joke and throw squash balls and beef tartare at any incredulous look.
I just sat in a evening MBA class and talked about the deflationary vortex for 3 hours. The topic of the day was supposed to be inflation. HA! It’s amazing how negative the “youth” is…. then again, a third of us work in banking workout. Nevermind………..
As for the markets, they will go down and they go up… Duuuuhhhhh (drooling)
Idea of the day. Roubini’s payroll tax cut
http://www.bloomberg.com/news/2010-09-23/roubini-says-u-s-payroll-tax-holiday-would-spur-jobs-as-firms-sit-on-cash.html
Why cut the taxes when you can just cut salaries? There are millions of desparate people out there. I bet a lot of them are bored enough and/or desparate enough to work for next to nothing. If only to get out of the house, make a couple bucks, interact with non-depressed people, and have something on their resume. Win for employers, win for dejected, bored, and unemployed hoards.
Cutting salaries will only contribute to the deflationary vortex… Roubini was talking about a “tax holiday” for a few quarters
I partially agree with that. Although having factories and stores with no employees doesn’t contribute to much. I know of some companies that in 2008 asked their staff, “would you rather all take a 10% pay cut, or get rid of 10% of you at random?” They voted for a pay cut.
Nobody ever thought of that idea before. You gotta be a tongue-tied eastern euro to have any credibility I guess. Why not cut folks back to 4 days a week and keep more people working at least 4 days? Actually, eliminating employer based medical insurance would be a bigger benefit to employers. Go on to the national healthcare and just be done with all the uncertainties.
Yeaaaah right… cut medical and get a revolt… and I don’t even go to the doctor
I am saving Wall Street 2 until Monday, its my lead into my birthday celebration..Tuesday I celebrate Paul Tudor Jones’s birthday along with my own…….so don’t tell me the ending……………………For tomorrow, we have that STUPID POMO in the morning to deal with….btw, .the lesson I have learned at Fly University these two past weeks is that I really have to have patience, we can see thru the smoke that the breadth was fading but the market only works when everyone believes the other way…which is so painful….Monday will be fun cuz Mainland China comes back, but with first week in Oct also a holiday, my question is Why? do they even bother to show up next week?
Wall St 2 is gonna be a big disappointment. Every movie hollywood ever made about business or wall street or real estate was just full of so much propaganda and unbelievable rediculous crap so as to be unwatchable. I see Melissa Lee is in it from CNBC. That will probably be the highlight. I love her lips!
The movie “Money Pit” felt pretty accurate.