Okay, I don’t want to ruin your experience by revealing spoilers, so I will be vague with my review. All in all, it was a solid movie, with lots of high points. The movie is heavy on nostalgia, cliches and a bit preachy. Aside from Gekko’s daughter, the acting was solid across the board, especially the performance of Josh Brolin. Of course Gekko was good; but not as good as the original. You can only tolerate so many one liners, without thinking this man is a fortune cookie with legs and arms.
The plot was good, although scattered. Oliver Stone definitely missed out on a huge opportunity to nail a stake into the Wall Street elite. Instead of showing real, tangible, causalities of the credit crisis, they opted to gloss over it and show glamor. Go see the movie and we can talk more later.
As for this tape:
I am surprised we are not up 900 points today. To think we are up a mere 200 on absolutely no news is disheartening. Very nice, we live in a wonderful country. This is a short squeeze of epic proportions and I need to acknowledge some people who nailed this move. You know my style, piss on everyone else while touting my own grandeur. Well, I missed this move, for 3 weeks now. Instead of capturing easy money, I’ve fought hard to preserve. It’s a long story, my plight and all; and frankly, who gives a shit?
Enough about them, let's talk about me again. I am two minutes from leaving the office. As it stands now, I am about 20% VXX, 14% TLT, 20% long, 5% short and about 41% cash. And, as you know, I am all in TZA in my personal aggressive accounts. It's a loser of a day; but I have immense staying power. For managed accounts, my beta is relatively low, so there is no panic. However, let's call a spade a spade, this fucking strategy has been bleeding for weeks. I can only take looking at the ship take on water for so long, before I am forced to buy a new boat.
Bottom line: I am not capitulating. Wall Street 2 is a solid production, albeit unrealistic. Congratulations to those of you who nailed this move.
110 Responses to Wall Street 2 Review + Today
What was it he said in the college speech?
Thanks Fly, appreciate your candor,
even though I know you have not appreciated mine.
BTW, I read everybody’s blogs on your site, every one.
They are all first class with their insights.
I notice Reality_Bites is missing.
He was very short and I hope he did not blow up his port.
Oh, it’s because i started a blog of my own, I must remember to post some of it here.
Not been an easy week, but I am still in the game.
Reality will bite, and I still think very soon.
Like Mr Fly I have a good cash holding of VXX to see me through.
Crash Monday anyone?
i like Gekko…
Treading water sucks ass.
Where is Art Hogan I want to punch his nose.
I can’t wait to check it out. Hopefully I’ll have a chance to see it this weekend. Thanks for the review.
Hey Fly you’ll get em next time ,I’m sure you will now.
Every trader needs this once in a while when getting too cocky or comfortable , myself included..
Even Eli Wallach’s part was solid in the movie (a bit part – but played it well). He still has a little “Tuco” left in him.
The soundtrack was very good.
Ive called 10 out of 12 swings in this market, on stocktwits, over the last 13 months.
The only 2 times I “loaded the boat” all in, were the 2 times i lost. It is literally as if the market knows when you go all in, then comes for your throat. So , i have sympathy for anyone who is loaded in here. This is not a good market for loaded boats, long or short.
Yep. I remember when the market was dropping last month, there were people who were 100% certain we’d test 9,000.
BEST SEPTEMBER IN 71 YEARS!!!!!
WTF is that all about?
The future is so bright, Fly – get long welder’s helmets lest you by fried by burning good fortune.
Pre-election anticipation panic, is my best guess at the reason for this rally. The prospect of a guaranteed democrat defeat was fairly vivid, by labor day. It is the main thing that kept me from trying to swing short, until over very recently.
You could almost call it a surge… perhaps the September Surge.
I’ll shut up now…
Thank fucking Christ!
Mr. President comes to mind. I hope he’s ok.
That Dow 9000 douche? Fuck him.
you actually went to see scrotum sagging Douglas in a theater? Check your underwear for bedbugs, man!
I read the script. Typical bad Stone screedster shit. I can only imagine how bad the directing is. (See JFK) And who the fuck is Shia LeBoeuf? Sounds like an overthought entree off the gay food network.
If you have any desire to see the fascinating madcap world of Wall Street, go rent Boiler Room.
From experience sometimes it’s best to start fresh even if it means losses.
just having different tickers short or long can help for me even though it might sound stupid.
I know you do not need advice of course, just saying it helps me when in a slump and I catch myself playing the revenge game.
Agreed. But I am not there yet.
…enough with the Wall Street 2 talk …
as someone who is SHORT this “Market” I am enduring my own personal Ned Beatty Deliverance abuse !
Uhhh … as it were !
Ned Beatty knows the truth behind this market.
Now THAT’S a scene !
Now THAT’S acting !
who has the stones to be long bidu here? stock would be at almost 1000 points had there not been a split
I think I am sufficiently long.
Long or wrong?
Just sold today.
I love the Eno/Byrne pick. Best pick in the last 3 weeks, stocks included…..I’m there with ya partner. We’ll get’em next week. Long UCO from just south of 9 bucks, the only plus side of the portfolio, besides my cash position.
You win some, you lose some. It’s a marathon, not a 40 yard dash.
Thankfully, I can run a 4.6 forty and sub 3:30 marathon.
That, if true, is boss
If he ran a sub-4.6 40, White Boy would be in the Enn Eff Ell.
Not here, howling at the moon.
Not sub 4.6 forty. Please re-read my statement.
4.6, which is respectable for college ball, is not for NFL.
I was running from a rabid rottweiler, btw. Try it. It adds 0.5 to your time.
sorry, “subtracts 0.5 sec”.
beer adds 0.5
I can run a sub 40 sec 4.6 yard dash – while smoking a stogie!
Of that stogie were filled with black ice, maybe.
Here’s a list of companies that have announced or may announce stock buybacks:
all, msft, ma, lps, labc, azo, mcrl, gme, amed, lpnt, wsm, fmcn, mms, jw.a, feic, clx, enr, ctas, sre, wms, dvn, tbnk, zion, schl, acom, abc, surw
Fly sounds defeated.
He is being too nice.
Now do away with some of that pity and kick some ass.
Here is some inspiration:
Sometime, Rock, when the team is up against it, when things are going wrong and the breaks are beating the boys- tell them to go in there with all they’ve got and win just one for the Gipper. I don’t know where I’ll be then, Rock. But I’ll know about it, and I’ll be happy.”
or try this:
Rudy! Rudy! Rudy!
Now get going Fly. Do it for Gordon!
We should all expect to be wrong. My policy is that I don’t want to make things worse by staying wrong.
Carey Mulligan is a Classically trained British actress with a Drama Desk award from last year’s re-make of Anton Chekhov’s, The Seagull on Broadway. She has also been very highly regarded for her performance in An Education this year.
And I felt that she was terrific in her limited role here as well.
Thanks for the candor Fly. Will try to make the movie this weekend.
There is a strange overtone to the comments above. Almost one of… humility.
I DON’T CARE WHO YOU ARE, BUT WHAT THE FUCK HAVE YOU DONE WITH THE FLY?
And where the fleek have you been??
Thought maybe you had become a regular cult poster over at Timmah’s or something.
Mr. Gint, I do not git ’round these parts as oft as I’d like, ’tis true.
But you know better than to suggest I’d wander across the tracks to Timmah’s blighted neighborhood.
Well done on the market arse-kickary. I’m going to Ha-wire next week, but hope to get back here and back into the game upon my return.
Continued success! Good to see you and Alpha on the same thread again!
Keeping one eye on the PPT hybrid score, which doesn’t appear to be overbought at this time. Those of you who have not subscribed to that disruptive trading technology should do so or risk financial ruin.
That is all.
May you reap the rewards of a profitable (or losing) week of market fuckery, as you ponder your fate this weekend.
Be well and ready.
one things for sure,”if your not reading all the bloggers on this site you are missing out”. so i rubbed som mo vxx on my balls right here before close 16.66 a whooping 7 cent less than a few days ago. this rally has no meaning to it. nothing has changed in my eyes.main street is a mess.just get this feeling of a suckers rally,and huge bull trap. and if this an obum a run up.some monkey wrench of bad news will happen beyond his control and it’ll be back to dow 10k or pretty damn close.
wall st 2 is playing in romania?
Thanks for the hat tip, Docteur!
Ride the wave … Wave3 per OEW … Here’s today’s recap:
> Support for the SPX jumps to 1146 and then 1136, with resistance at 1168 and then 1176. Short term momentum displayed a small positive divergence at yesterday’s close and the market is now slightly overbought. Last night the FED reported the Monetary base continues to go sideways, but the M1 Multiplier continues to rise. Today the WLEI was reported improving: 41.3% v 40.8%, but still in contraction mode.
The gap up today and followup rally took the SPX right back to the uptrend high at 1149. If you recall the high for Major wave 3 in January was at SPX 1150. This uptrend is understandably having a bit of trouble getting through this level and clearing the OEW 1146 pivot. After a two day pullback of 26 points (2.3%), to end Minor wave 2, the market appears ready to resume the uptrend. <
This will be an explosive move up gentlemen … the best part of this bull market.
Wave # 3 – The third wave of a primary wave is in agreement with the direction of the primary wave, and is often the largest wave of the primary wave. The third wave should exceed the high (for a bullish primary wave) or the low (for a bearish primary wave) of the first wave, and should move to approximately the 161.8% Fibonacci extension level. The volume of the third wave should be higher than the previous two waves, and is often (but not necessarily) the highest volume wave of the primary wave.
Love this stuff. I need to learn more about it though.
I read Elliott Wave Principle by Frost & Prechter, whenever I have trouble sleeping at night.
Try Tony Alf … he’s an easy read if you get/know the concept and unusually accurate:
“The current wave structure suggests this uptrend, Major wave 1 of Primary wave III, could possibly take about as long to unfold and travel about as many SPX points, (280). This suggests a potential rally into Jan11 completing around the OEW 1291 pivot. This is just an estimation at this stage of the uptrend. Our original estimates in early July suggested two possible upside targets: the OEW 1187 pivot and the OEW 1291 pivot. We were expecting a time frame more in line with three months than six months. Let’s see how it unfolds.”
He also noted that global markets are at the same stage or a bit ahead of the US when it comes to wave structure as all are in bull markets.
This guy “notes” about everything and anything when you take all the “suggests”, “estimations”, “possibly” etc in the posts.
Well nobody would expect the market to go down after today…..so what does that mean?
One of the creepier graphics on a finance blog in the history of creepy graphics on finance blogs is at Slope of Hope. That place has gone beyond the Trough of Disillusionment to full on Col. Kurtz country.
I read some of the comments.
Suicide watch and some counseling is in order.
TZA just got poleaxed today
Like a scene extra in a Bernard Cornwell novel.
Monday’s are allways green right?
…Then it reverses on Tuesday, and resumes the trend on Wednesdays. Thursdays are flat if the employment numbers are not a big surprise, and Fridays are a toss up.
Fly, do you still think there will be a major pullback in September?
Thanks for the shout.
I enjoy reading your blog too.
Thanks for all your hard work.
Today’s cluster of hackneyed comments goosed me to the IBC Dictionary(which I learned about just this week from a Fly post). It immediately became clear from my head down position at FUPA that many of us DUCATIs have been ZOLTED in the ass and might soon be taking a long slide towards getting in the funnel. WTF it’s only money and to join in spewing the trite shit, better days will blossom and worse ones are fucking inevitable. No wonder WS 2 is amusing.
Nice reference to Byrne and Eno today, since tracks from their album “Waiting for America” was used in the first Wall Street.
Nice and obscure.
This is a track from wall st 2
I figured as much. Based on the sample you posted, I think the first album is better — has more Eno in it. Was way ahead of its time when it first came out — 1979? I was 12 listening to that when it first came out. Thanks to WNUR, Evanston’s university (Northwestern U) radio station, which still kicks ass to this day.
hey bman,u still in the chitown area?
What pussy is writing this blog…another like this & pointless to return. Worst fukin part about this is the moron daytraders, prop traders, and boobs running circles around hedgies.
Don’t let the door hit you in your heftsac.
thats mr.sac to you sir
fuck you cuntsac..
I nailed it. Thanks
I capitulated today. Fuck this market
Shia LaDouche said he started with $20,000 during the filming of WS2 and now his account is at $650,000. I call major bullshit.
The “Labeouf Top” is upon us.
Shia will soon be buried in an “EPIC-TOMB” , as he calls it.
Definitely a bunch of complete bullshit. I present the following:
Went to George Soros’ house for dinners. Hung out with Donald Trump and talked about real estate,” he says. “I’d hang out with Jim Chanos. Nouriel Roubini was like my closest friend through all of this.”
Take a look at the guys he was hanging with. You got a bunch of noted short-sellers and the Donald who has filed bankruptcy more times than United Airlines. How the fuck is someone going to grow $20K into $650K during one of the best bull markets of all time following these doom and gloomers?
Then you have this…
Shia LaBeouf: “No. They are bundling life insurance policies grim reaper style. It is even more morbid than it was. Banks are still doing the same thing. Goldman can still get free money from the government and call itself a commercial bank and it is not. Things are rough and nothing has changed really.”
Does that sound like someone long the market to the tune of a 3000%+ return? Fuck that faggot.
it’s a good way to lure “no-nothings” into the market,and eventually lose it down the vortex. they’ll figure if he can do it,so can they.
Hindenberg crashed and burned in New Jersey.
Yeah, how is that hindenburg omen working out?
The movie was a disaster. They need to adapt one of Paul Erdman’s books for a movie.
The Bud Fox cameo was awkward. You know they just threw that shit in there last minute.
Been waiting six months to see money never sleets does it have to be on a day when the market is up 200 points and im holding tza. Theres always tomorrow i guess.
Correction: could be worse..i could be cnxt..opps! i do. Ha ha har!
Honey hole doji coming next week
Ned Beatty went through one of those in Deliverance.
Very generous spirited for Mr. Fly to acknowledge others’ success at iBC. I see in this incident that other users of PPT could achieve more than the creator of the tool.
And I appreciate very much all the bloggers at iBC.
a) I was questioning this desire to get short at any opportunity because “Sept is worst month ever” thing for weeks, while getting mostly shouted down,
b) was trying to warn people not to be aggressive with their inverses. Yes, I sold out of some longs Sept 3rd, when I met my strategy goal/target from the last O/S signal, but kept others, and stayed away from shorts…
c) was trying to show how the past actions which SEEMED to mirror current actions were more likely to indicate movement up than down, calling for confirmation of moves down before taking any short position.
As always everyone will make their own decisions and their own interpretations of the data; mine wasn’t to go full long, which would have been awesome. Mine was to keep some longs, keep 50% cash, and ignore shorts, because there were enough warning signals, to my n00b eyes…
Of course now that I said that, we’ll be hitting 104 on SPY by Wed!
Fly, Love this site. ppt is where its at! Being short right now sucks but i now finally get why i am short right or wrong. I now understand why you all make the moves you do. From danny to RC to chess and wine, you all tell us how it is. Thank you.
Not true. This is my only hiccup in 2010, using ppt. My gains are still deep triple digits.
Shia’s gains are in the quadruple digits, and its his first year of trading.
That’s because Fly let Shia borrow the time machine and he spilled beer on the flux capacitor. Now Fly can’t get it to work properly.
I just watched a couple of your cartoons again, from April. Seriously funny shit. I personally would like to know what a Mr. Devil Dog thinks of this pernicious parabolic move out on the various stock exchanges.
long or short expect to get poleaxed every fourth day on average by this hellhound of a market….this is the Shia storm of the year…..Oliver Stone lost his mojo some time ago…..hang on to yours traders…..the easy part is coming soon to a theater near you
Spydercrusher, Ragin Cajun, Scott Bleier Jakegint, ChessnWine <—-These fuckers nailed this market. – Indeud!!!
… is there an IBC blogger missing from that list ?
I’m sure LeFly didn’t intentionally leave “Woodshedder” off of that list !!!
Speaking of Doji holes, Ned Beatty in Deliverance, and such–
S. Colbert’s Iowan corn packer joke
thank you for not going into detail on on Film, CAN’T WAIT…………..anyway, .Monday China comes back and finds the kids threw a heck of a party when they were gone…Market so priced in that China will buy copper over LME 8,000, why would they do that when they are shutting down factories to “save energy” and slapping down property developers?? yet everyone and their mother things Copper will take out April highs….fustrating, well, No POMO on monday to save the market…I hate POMO…never did get my 1089, yet….but still waiting.
“thinks..not things”…I really should proof read.
Shia Le Beef is better than expected. Josh Brolin is very good. Michael Douglas is great even if Gekko isn’t as potent this time around.
But … the idea that Le Beef and Brolin would have the kind of relationship they have is pretty ridiculous. Outsider Bud Fox was much more plausible.
The whole bit with motorcycles is just goofy. Neither how they talk about motorcycles or how they ride them is plausible.
Brolin smashing the painting? Goofy.
Stone’s 1980s style transitions are bizarre.
The father – daughter story over-written.
And the plot’s a mess. I thought it was over six times before it was actually over.
But some good lines.
Le Beef: What’s your number? I find everyone has a number.
Hello Mr Fly
Next month for your viewing entertainment we have the “Inside Job” to look forward to:
Is that like a blow job?