I’m not thinking about today’s sell off, as I refuse to get sucked into the vortex. Yes, today was an ugly day with broad declines. It’s true the CDS market is going bonkers, clamoring for a euro crisis. It’s also true the Wikileak guy is targeting banks (see BAC). However, and this is a big however, Santa Claus is coming.
You are fucking fooling yourself if you believe the rally is dead. There are loads of people out there spending oodles of coin on meaningless shit. Traders don’t have time to gloom and doom. Believe you me, I will NOT be positioned heavily long into January, as I intend to take profits and position for an early 2011 drop. But this is not the time to bet against Bearded Clams, and things of that nature.
Having said that, I like the seasonality of KBH here, up 19 of 22 years in December for an average return of 9%. Everyone hates the homies; therefore, I endeavor to buy them.
In closing, I lost about 1% today, cutting my year to date gains down to just 46%. In order to punish myself for today’s underperformance, I will dine at a 2 star Michelin restaurant this evening, instead of 3.
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Down 1%. FOR SHAME
. There are loads of people out there spending oodles of coin on meaningless shit.
It’s priced, numbnuts.
Learn how to converse with people who speak English properly then come back.
Splain Dickweed!
The Fly’s reaction to this eurotrash driven selloff:
http://bit.ly/ei8Jkj
The Nasdaq was down 1.07%, sounds like you outperformed by 0.07%.
Right shoulder on the Oil looks confirmed, I was sweating SCO for hot one. Looking for $81.00 Crude and Sideways to higher action for stocks, FIG
3rd time we’ve tested ES 1172 to 1174 area on the sandp500 futures. The more we test that area, the stronger that support gets. Considering the euro is below 1.30 again, the ES should be below 1150. The fact that it keeps rejecting a new breakdown means we likely retest volume profile resistance above ES 1190–on wednesday, or thursday.
Tonight has the Global PMI data come out, including the two China Ones…nice day for the Nymph…China is slowing and cutting cost, Europe is cutting cost, USA may even have its Cocaine taken away from them….I know the bulls are ubber strong…but it all seems rather silly.
I stepped up my pussy game a notch today and sold into the strength of the Toronto Market!
I’m buying every dip and selling into every advance!
Fuck it!
VXX up ~7% today. Do you still own a bunch of it, Dr. Fly?
If you only ate at 3 Michelin star restaurants in NYC, you’d be limited to a choice of four.
Last week my ca$h was trash, now it is King….
Up she goes, in the nose, in them hoes, up the chimney and them outflows
“There are loads of people out there spending oodles of coin on meaningless shit.”
absolutely so fucking true….
When this NFLX implodes its going to leave a crater the size of Kansas, taking the careers of many an asshole dip buyer with it. I intend to be front row center with a huge fucking tub of popcorn.
yep, blue blazer on, feet up.
Will L3 or NFLX have to buy the bandwidth for their own streamed implosion?
Nigel Farage on Europe’s Financial Crisis
http://www.youtube.com/watch?v=rPl3sfN3ahA
Holy Shit!!!
Europe is Fucked!!!
Is this the same guy that lit up Gordon Brown at the height of the crisis regarding selling off all the UK’s gold reserves?
Even more interesting is Vladimir Bukovsky’s points comparing the former USSR to today’s EU —
http://www.youtube.com/watch?v=bM2Ql3wOGcU (YouTube video)
Then read this, afterward —
http://www.green-agenda.com
that is, if you can handle the entire big picture at one time…
CNBC seems to think that WikiLeak’s bank target is Bank of America.
I wonder though if it might be JP Morgan’s silver market manipulation.
Maybe the docs are actually Devil Dog’s come back plans
Nice. Don’t forget the Viper, and the “enhancements”.
It’s nearly pan frying time for BAC
The contagion in Europe is spreading….Portugal…..Italy….Spain…..Belgium…Euro to parity with the dollah [sic], eventually.
This should keep somewhat of a lid on gold prices in dollars, that is, until we eventually have to face the same Fat Lady/Tannheuser/Valkyrie music on our side of the pond.
That said, I like retail, tech, materials, and industrial stocks going into Christmas.
FLY,
Did you know Bill Murray’s network in the movie Scrooged was IBC. They knew about I Bank Coin before it existed! Astounding!
It’s 2 weeks early for Xmas. The USD is UUP. Yen is down, long Japan:sne,tm,caj,pc,nmr. Short the EUO and euro banks: db,ing,ubs.
Futes lookin nasty
Hold on tight tomorrow.
Santa is MIA!
Dude, you should start a blog!
euro situation in the US will be unlikely, the two systems are very different, although the US states could experience a cds/bond problem. The fed/ usa gov bailing out california is very different than the Germans/french etc bailing out Ireland.
Latest post in P.G. – thoughts and Strategy update. http://www.ibankcoin.com/peanut_gallery/index.php/2010/12/01/welcome-to-the-chop-zone/
Almost December… thats why the futures are turning green. I think I can hear Santa’s reindeer.
The money manager’s shed their bread in the head today. Wednesday will be their shopping day and everything is on sale, even Goog….