This website thing makes me sick. Everyone is so damn snarky, with smug remarks and offhanded comments. You take a person and put him in a situation where he has to make real life decisions, based around real people and real expensive cars to be had, when it’s all at stake: he folds. On the other hand, you put him on the internet and he is a freakin’ rock-star, professing the secrets to success, while he has none of his own to speak of. Pardon my candor, but can you do it when it really counts?
A long time ago I was in business with a partner. Even though I haven’t talked to him in many years, I still love him like a brother. That’s just how I am; the door is always open. Our rapport broke down because he needed too much from me and showed little appreciation when he received it. Got it? In other words, I carried the big bricks, while he sort of tagged along for the ride. It was his smugness, in a way, that led to the dissolution of our joint venture and our friendship. His mantra was to organize, organize, organize. But, at the end of the day, he did nothing, while I ran the staff through fiery rings and executed one big ticket after the next.
See where I am going with this?
Good.
Monday morning I meet with my tax attorneys to discuss shelters. After that, I am meeting with a good friend of mine, who manages 700 million dollars, along with his buddy who wants to seed me in a new hedge fund. After that, I will drive home and then talk to you retards. I’ve been doing this since I was 15 years old. I haven’t lost money since 2002. Some years were awesome, like 2003, 2008, 2009. Other years were mediocre, like 2004, 2006, 2007 and year to date. The hilarious part about my mediocre years, pardon the sudden onslaught of smugness, is the fact that I was up more than 25%.
Don’t email me with investment tips. Do not leave comments here, giving me internet pats on the back. I am a lion, while you are just sheep walking about the yard.
Back to my $200 bottle of vino.
Classic Krull
[youtube:http://www.youtube.com/watch?v=v5F-RRT9udk 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Holla bro
Enjoy.
Come on now, you’d be lost without us plebs.
Actually, I am sure I’d make more money.
I do like some of you; but I will never admit it.
More wine + less humility = maximum chinch
Why don’t you try to be nicer
I thought I banned you? I will try again.
No one has been banned. Maybe I should just redirect my banned readers to some of the lesser visited blogs here on iBC. Good idea?
Like I really care. It’ll save me the time for typing.
Try again, fool
Where can I find YOUR blog?
LOL, that’s epic
Methinks thou dost protest too much
or
Why the huge chip on your shoulder?
You scream every day about how little you care…
I think perhaps the inventor or the term ‘nerd rage’ had just finished reading one of your tantrums.
lol, god how I enjoy reading your rants!
I am mixed about banning you. I need more info.
I rant like this because there are new readers every day, being the majority owner and founder of one of the biggest financial websites and all. Therefore, as you could imagine, it’s important that you (reader) know your place.
Ok, here we go, back to the drawing boards! Go Fly boy, back into the time machine, if you don’t mind. Let’s do it!
heh
You kidding? I love reading your stuff.
I’m only up about 12% this year cuz I’m freaking positioned short and the bots keep chuggin up like that damn choo choo train story…
Ok, you can stay. Right, all of the people who just bought and walked away, suddenly, are geniuses. Let’s nor remember all of those other times you missed the tape. Let’s just look at the past month.
I think they think they can hold it up till after the election.
Mebbe they are right.
All I know is that the second I capitulate it will roll over so I have decided to be stupidly stubborn.
It’s not capitulation. Consider it peace of mind. You can lighten up, buy some stuff and always reverse to your true positions, when we start sliding.
roger
I been thinking about that ever since reading your piece about the Turkey Gods.
Turkey Gods don’t play.
We can go up another 5% in Oct, 5% in Nov and 5% in Dec, until we drop like a brick. Looking back on past parabolic runs, they last for months.
Well, in spite of the way my first post read, I do appreciate the time you spend dishing out all this info for free.
I enjoys it very muches.
Lots of people got caught flat-footed during this run on nothing. We will get through it.
It’s important stay in the game, even if that means betting against yourself.
Monday is Thanksgiving for Canada, their Banks are closed…you guys made me think of Turkey.
Following you this past month has killed me. I now lie dead on my living room floor with the giant sword sticking out of my chest that you put there. No mercy!
I could never deal with the self-styled experts and peanut gallery critiquing my market moves. I guess if you get paid enough to do it . . . I just don’t know how much money it would take. A lot.
You should see my moderation file, like 10,000 experts telling me how the market works.
Be gone
Mr. The Fly,
You are not the only one who’s annoyed by the smugness that is so present here. I can only imagine these are not PPT-members, i.e. gentlemen. The PPT contains respectful people who appreciate the intellectual work and present and future monetary whealth that the PPT is. The general climate there is calm, analytical and concerns facts and numbers. While the climate in the comments here is hysterical, about wishful thinking with fantasy-world-facts. The comments are proof they know nothing about trading.
As I scan the comments just for Your replies Mr. Fly, I can only suggest that You stop reading them yourself, for i can not imagine there is something here that deserves Your time and thought. Although I am aware I am not in a position to suggest You anything.
As member of the PPT, my trading relies heavy on the hybrid-PPT-score. I’m long large amounts of TZA and I will stay that way till we hit OS. I am confident because the past was always right, and confident that You know absolutely 100% what You are doing. But Your strategy is too advanced to comprehend for these egotastic 4-figure-account sideliners.
Thanks a lot Mr. Fly!
I liken the atmosphere within the inner sanctum of the PPT to a fine evening at the New York Philharmonic. Whereas this here IBC is more like a beer binge in the bleachers at Wrigley Field.
There is a time and place for both. You just need to know the difference before you show up.
Nice analogy
Time to treat myself with a seasonal ticket. When is “Nutcracker”?
Depends on whether you are short and from when.
hah!
My matinee was on Friday – special low-count nutcracking show for those not quite short but now overly-hedged…
Next week they are combining Nutcracker with Stomp – some who do not wish to attend will be there regardless.
Make popcorn.
IBC= walmart
PPT= Neiman Marcus
I recommend patronizing both.
barf
chill out dude.
(fly)
Why bother?
Beggars will not bother you for long especially when the market rams them to the bankruptcy line in a couple of months.
You know what annoys me? Not the ungratefulness and stupidity of the people I am surrounded with.
That seems small now that our nation’s resources are wasted daily on insolvent mega banks – and don’t doubt for a second that the money to keep them afloat is coming from your retirement, AND from your kids inheritance (if any).
What are the people doing about it? So far, we are acting just like sheep being led to the slaughter-house…prancing to the slaughter-house like we have not a care in the world…trusting our masters…while America burns…
Sad but true – the lamest generation – viz. The Karen Owens + “prey” dominating intellectual life and achievement…
This was a much needed return to smugness and swagger…
All of this pity from your readership was a lot like watching a bunch of soon-to-be dinner beef cows talking about how rough the dairy cow has it…
Thank you, kind Sir.
When the musical chairs start disappearing there will be a mad rush for the exit. Alas, I have a seat but it’s tough. I’ve been there before and I know the minute I give up the market will roll over. But DAMN!
10…10…10
Happy Birthday to my son…
11…12…10
It is my son’s birthday too.
An Italian boy born on Columbus Day weekend.
He is 16!
Happy Birthday, Son of King of The Banned
Even though VKing dislikes me…I still hope his son has a great birthday.
Lol. A rather fitting bday for little vking.
Le Roi is unsure about Lil’ Prince’s age 🙂
Are you starting a hedge fund? Someone needs to take the place of all the old fuckers throwing in the towel and returning cash to their clients.
Booyah baby fucking Booyah!
Happy Birthday young VKing.
Fly, if I were in your shoes I would not waste my time on this website if you had no need for it financially, and it was filled with people always nagging at you, personally it would mess with my mind and takes a toll on your trading and decisions and phsycology. which is probably why you claim you can make more money without us. so why would you do it???
My guess………..Monstrous ego, he loves what he does, he knows he’s good at it and anyone is always happiest when using the talents/inborn abilities they have been given, it’s good cash flow and income………..and underneath all the swagger and banning, the guy really and truly just enjoys helping other people out.
That’ll probably get me banned but that’s my read.
WRONG. NOT BANNED
Thank you my good man. You may make a gentleman out of me yet.
Fly,if the average investor is out of market that just leaves us RIGHT?
dude if that was true your dick would just fall off
This is classic Fly
Indued!
I will embrace the fucking horror and move to romania with my pet goat LOL
Whatever controls a person is their god.
if that’s true, then that means i’m pussy whipped…sh#t!!
i agree man
appreciate all you do and everyone else that makes this site, what it is. you leave,and it dies…….ask cramer
…………..ditto!
hey nymph,you wanted to know what it looked like……………just press play honey.
Drummerboy I can’t find the link.
Fly, try any of the Kosta Browne “single” vineyard Pinot Noir- Your life will never be the same again.
Fly, you better watch those hedge fund guys and their “business proposition– they will try to fuck you, I am certain of it.
Far more importantly, does a $200 dollar bottle of wine taste $100 better than a $100 bottle?
and does a $100 bottle taste that much better than a $20 dollar bottle? Cause I know a $20 dollar bottle tastes noticeably better than a $10 dollar bottle. But $200…isn’t that getting into the law of diminishing returns? just askin, cause I will never spend $200 on a bottle of fucking grape juice, with all due respect to ur flyness wealth and taste.
NtTrue, all. But… the point of very expensive wine, champagne, and spirits is largely celebration. A way to sort of bask in hard earned money. If its superior to lower priced drink… even better, how much superior is nit the poi
Type o’s galore. I meant “true, all”.
Is it 40 times better than 40 5 dollar bottles? Diminishing returns on both ends.
Can one have wealth and not be a materialistic freak. If one thinks their to good for their own family, that person is a smuck. I want know part of that dog and pony show.
Fly, U were just talking on one of your posts about globalization and how Washington D.C. doesn’t care anything about the American worker. And now this scandal comes out about allegations that the U.S. Chamber of Commerice is using foreign money to finance campaigns for the U.S. Congress. If the allegations are true, that would explain why D.C. doesn’t care a whit about the American workers. Because so much of their financing comes from countries outside the U. S. perhaps?
Getting back to the markets, I wonder how the PPT, or any trading method, can compensate for a particular fact of how the markets work– through theft. It is written on many financial sites that the big investment banks rob their clients by watching to see when almost all the hedge funds are positioned a particular way– long or short– and then pull the run out from under them. These are hedge funds that can afford to hire the most brilliant quantitative analysts & can buy tons of the most expensive computers. Any way that the market can be predicted over time, they have found it with their computers & and their teams of analysts. But the deciding factor for certain major moves tends not to be anything that predicted the market before in the charts. The deciding factor is how many big hedge funds are positioned on the same side of the boat. And no one knows that except the big investment banks, because they know what their clients are doing because they clear their trades. Even sentiment measures do not reflect this, because these are usually retail investor sentiment studies, which is not the same group of investors at all. Quite a quandary there I would think.
This is the Joe Terranova generation.
Who the fuck is this guy? Guaranteed fraud.
http://en.wikipedia.org/wiki/Joe_Terranova
Quick post again to remind all of you Americans. You’re money no matter where the fuck it sits to this current moment is losing its value. Whether it be in bonds, savings, the stock market, CD’s, under your mattress, up your ass or in your bathroom…………it is worth LESS than yesterday. Get your medicinal marijuana license out and pack your dollars full of it becauze that’s about what they’re going to be worth in the near future…………about as much as rolling papers are worth today. THank your OBAMA and thank all of your mother fucking ass wipe jack asses that put money before people. I love you all, fuck YOu and have a great fucking day! Oh yea. Just to remind you……………If you would have exchanget $100,000 American dollars for $100,000 Australian dollars in May 2010, you’re money————–(just sitting in the Outback in an aluminum can staring at the stars every night) would have earned you 20 fucking percent! Did you hear me? You’re money burried in the Australian outback under Dingo Dung doing nothing would have made you a 20% return?! If you actually took more than 1 minute out of your “BUSY” American day and put that 100K into a term deposit here, you would have another 6.5% on top of that “money doing absolutely fucking nothing” in the outback. Stop TRADING as Cramerica says and pull your head out of your ass and get the fuck out of your country before its toooooo late!
dont worry OZ,i just finished a holland grow room for a friend,you want me to come to your place,i’ll build you one too. fuck,i’ll even show ya how to grow the shit to…………….but the real question is,how many jars of tomatoes did you put up this year.i still have a 25 pound turkey in the deep freeze from last year. need a pound of butta, i keep no less than a dozen pounds on the freeze……………medicinal my ass
Drummerboy, when can I come to your house for dinner?
you and veruca can come here for st.paddys day.suz does the goods on corned beef and cabbage.:)
I don’t live in America but it’s by your commentary ‘drummerboy” the reason why your country is going down the shithole. You’re all out for yourselves. I would bet you a million dollars that only 30% of you pay the actual taxes you owe to your country. It’s selfish people like drummerboy and a billion others of you that line your own pockets at the expense of others. That’s capitalism baby! Fuck over whoever the hell gets in the way of your own “selfish” prosperity. You think I’m a mother fucker for saying so but you won’t realize what you are until you are dying on your deathbed and then……and only then….will you realize how pathetic your life really was.
Were you struck in the head by a boomerang recently?
While I agree there are better places outside the US to invest US Dollars,
your allegations of Americans in general evading taxes is quite unfair.
You would not like it if I spoke in negative generalizations about the character
of the citizens of your country,
so please refrain from attacking ours.
you say that like it’s a bad thing….
I know plenty of Aussies that fled the country in order to avoid your shit-high taxes. Many Aussies in my company have turned down big promotions because it required repatriating back to Australia.
MOTHERFUCKER,come to AMERICA i’ll show you the most honest person that you will meet in your entire life.indeed,i wear my heart on my sleeve.and will give the shirt off my back for a brother. i pay my taxes 4 times a yr…and proudly. its assholes like you,who know nothing about AMERICA,and only what you hear from other know nothings that forms your opinion of the REGULAR AMERICAN….OZ,GOOD NAME FOR SOMEONE WHO INTERPITS DELUSION……….jitbag
Crocodile Dundee,
Thanks for caring so much about our well-being. We all respect the economic juggernaut that is Australia.
Though I think you should show some respect to Mr. Le Fly and refrain from cussing so much.
Kind regards,
Mr. President
Try 1/3 of 6.5% since May genius.
Austrailians are convicts.
I see where you’re going with this, you’re fucking whining like a bitch because Mr Market kicked you in the scrotum
BANNED
Go get some Viagra old man, you’re shooting blanks!
I pulled your ban after seeing who you were. I am disappointed with you.
Just kidding around, actually you have demonstrated you are a great trader many times over
Look at that, now you feel bad.
Tried to put one past The Fly using an alias? He knows who you are so now you try to back down? I’ve tried to tell everyone for years–
The Fly is God.
Cooking a 14oz filet mignon… Yum!
Futures up again?
In this market we don’t even need to waste our time looking at futures. Of COURSE they’re up. I’d guess 0.39%-ish.
Gold is up too, booyah!
Booyah Fucking Booyah!
Yeah baby Yeah!
The Fly bounces like no other…
Did 60 minutes just say there are computers trading the market in fractions of a second???
I’m shocked
No real news value out of that story.
But the fact that only HFT outfit was willing to be interviewed
brings suspicion upon the HFT practice IMO.
Should have been written “only one HFT oufit”
BOOYAH BABY BOOYAH!
You will never be more bullish than me. Boo Ya
Oh thank you kind sir! 100 milion BooYahs nevertheless!!
Corn limit up again tonight & so beef the most expensive it has been for 25 years. Stagflation, baby.
Fly, Kinda sad about your partner. People are like that. When they win they feel great…and so smart. When they are wrong they get humble…..maybe he has reflected on your relationship….Thank you fellow junkie for this site. I just posted my weekly piece that most will say, Give it up Nymph, you are so wrong on this….but trying to put the pieces together and committing to a weekly analysis is my thing……. http://www.ibankcoin.com/peanut_gallery/index.php/2010/10/10/nymphs-take-for-next-week-so-this-is-what-a-top-looks-like/ btw, I really like the Iron Maidan Pic as the Top, will let you know later what China is doing.
There is a vineyard in Callyfornia that sells $200 per bottle vino by subscription and there is a 3 year waiting list to get a sub. It has won all the accolades and only the the snootiest of the snooty get to taste it.
This fly seems like an overrated douchebag amirite?
Now you are banned, for shizzle.
Someone once said … You don ‘t sell the Steak … you sell the Sizzle !
—
While there may be an element of truth to that !
At some point, there HAS TO BE … well … STEAK !!!
—
No shortage of “sizzle” these days !!!
Bluster … Bravado … uhhh … SIZZLE … is “fun” … but STEAK …ahhh !!!
STEAK is something you can sink your teeth into !!!
STEAK is REAL (as it were) !!!
.
Eventually, STEAK MURDERS YOU, via clogged arteries.