I think you know why stocks are up today. It’s not because the Japanese plugged in their retarded nuclear bomb plant or because we were oversold. We are going up because Wall Street loves to celebrate the best holiday ever invented: St. Patrick’s day. It wouldn’t matter if Martians were laser beaming people’s faces off right now, stocks would trade higher.
I will have you know, “The Fly” is ever so busy, cooking his corned beefs with beer, alongside some potatoes and cabbage. I am an expert, Sir, in the field of cooking on St. Patrick’s day. Moreover, I am even better at drinking myself idiotic. For the remainder of the day, you should all assume “The Fly” is drunk and not really meaning what he says or does.
So the marker is BANG-ZOOMING and I am 250% leveraged long WNR in my personal, which by the way is at ALL-TIME HIGHS, now up around 10% for the year. As for all of my other shit, it’s mainly in WNR, MAS, VLO and cash.
The math is very simple:
Market goes up= Fly is rich.
Market goes down= Fly is rich.
Market never opens again= Fly is rich.
So, with that in mind, I don’t really give a shit about today’s tape. I am interested in drinking beer and laughing at my dinner guests. Oh, now you know why I opted for cash instead of hedges via shorting. You cannot beat a clam in his body of water. It’s best to get out of the water sometimes and piss on him.
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Fly,
How are you feeling about the sentiment in the tape? Are you still bullish overall or do you think the world ending via nuclear catastrophe is enough to flip this market into bear mode?
Cheers,
Awake
Fly,
Speaking of those sites such as Citron that purport to expose fraud in companies while at the same time shorting them, look who popped up again with one of those sites. Barry Minkow, convicted scammer from the 1980″s back at it again.
Minkow ” launched a Fraud Discovery Institute, whose stated goal was to expose corporate fraud — partly by short selling companies where it found executives misrepresented their credentials or allegedly committed other types of fraud.”
Now he has pled guilty to investment fraud and faces five years in prison.
http://www.signonsandiego.com/news/2011/mar/16/barry-minkow-plead-guilty-securities-case/#
Remember, history has shown that Japan has a government that lies to its people even more than our government lies to us.
http://www.youtube.com/watch?v=o7gFlSGXt_k&feature=fvst
Exactly. This is what is really happenning in Japan.
Beware of Aliens manning spaceships out of control!
” long WNR in my personal, which by the way is at ALL-TIME HIGHS,”
grammar explosion
Happy St. Paddys Days. I took off my radiation suit for just a minute to show off my green beard. Have a nice Irish Day. Have to go now. Luis and Pedro are teaching me how to play craps and we are having a Modelo Especial drinking contest. Looks like fun.
Slán agus ádh mór oraibh! Shalom.
Da Fly don’t do no mia culpas.
I am into WINNING – FTK ripping up today – told’ya. MVIS not too bad. Today is just a normal today for me.
This market isnt done dropping yet. I am paring back risk in this bounce here.
Tomorrow is the day to take advantage of hungover traders.
A story of yore for St. Patrick’s Day about The Fly in Time:
An anonymous contemporary described The Fly at the London Stock Exchange as “he leaned against the ‘Fly Pillar’ … hung his heavy hands into his pockets, and began to release silent, motionless, implacable cunning”:
“Eyes are usually called the windows of the soul. But in The Fly’s case you would conclude that the windows are false ones, or that there was no soul to look out of them. There comes not one pencil of light from the interior, neither is there one gleam of that which comes from without reflected in any direction. The whole puts you in mind of an empty skin, and you wonder why it stands upright without at least something in it. By and by another figure comes up to it. It then steps two paces aside, and the most inquisitive glance that you ever saw, and more inquisitive than you would ever have thought of, is drawn out of those fixed and leaden eyes, as if one were drawing a sword from a scabbard. The visiting figure, which has the appearance of coming by accident and not by design, stops just a second or two, in the course of which looks are exchanged which, though you cannot translate, you feel must be of most important meaning. After this, the eyes are sheathed up again, and the figure resumes its stony posture.
During the morning, numbers of visitors come, all of whom meet with a similar reception and vanish in a similar manner. Last of all the figure itself vanishes, leaving you utterly at a loss.”
OPEN
I would think Mrs. Fly would/should be doing the cooking.
Baharain shuts down refinery during protests. $WNR for the Win
lol….I love that post. Happy St Patty’s Day.! That darn Clam.
The Fly is ever so busy, cooking his corned beefs with beer, alongside some potatoes and cabbage
I thought that was what the hired help was for?