If you’ve been shorting stocks for the past 3 years, more or less, you are an incredibly dumb person. Having said that, I’ve been heavily long since last week and I am dumb for it. Naturally, name calling is juvenile and simply a way to amuse oneself, at the cost of others. In the big scheme of things, we are all emphatic about our belief systems, through nature or nurture. Many of you are adamant about being short. As much as I fuck with you for spinning the same record, I respect your position because it takes balls.
I enjoy taking risks, despite it eating away years of my life expectancy. The way I see it, there is little to no upside to being alive past the age of 75 anyway. I might as well burn bright now, then explode later.
All jokes aside, I hope all of you make money. I do not like to see anyone lose, except my enemies. With regards to my enemies, it is not enough that I win. They must lose too, in order to quench my everlasting thirst for victory.
At the end of the day, we are monkeys playing wildly colored accordions in small Italian villages. Stick to your convictions. Because if you stick to mine and lose, you will not forgive yourself later.
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Live fast, die young, leave a good looking corpse
are you disavowing having mentioned any picks.or apologizing early?
I am reminding you to make your own decisions and don’t follow mine. I’ve been consistent with that point since day one.
Dude, don’t temp fate.
Ask the fly the current number of banees in the ban bin rotting away there.
But he came up with the WNR boner phrase. He’s golden.
always have a back up
obviously none were ppt members. join the ppt and you can say whatever you want.
Do you have a software program generating shit like “At the end of the day, we are monkeys playing wildly colored accordions in small Italian villages” because if you don’t, you shame me with your mastery of the randomly absurd.
I am the King of randomly absurd.
I was rudely reminded to respect the PPT yesterday to the tune of a 2% smackdown. Back to my accordion and flinging feces at random strangers.
4 day hold
Viva Le Fly!
f that viva le north korea radishes bitches
http://www.theblaze.com/stories/north-korea-ranked-as-second-happiest-place-on-earth-by-north-korea/
Freeeeking hilarious that lil’ Kim guy is.
Not 3 years yet….But for me, its like being there to watch the first transaction of a Tulip Bulb and knowing they are paying too much, and watch how it grew and grew, taking notes how everyone reacted and thought. Don’t know if this Copper Bubble will finally pop but appears it is coming closer……Yet,. Fly was the smart one and opened up a Tulip Stand and made Big Coin. Yep I am dumb…
You are just an accordion player
learning to play the accordion…I am a slow monkey….BTW Greece may have a plan tomorrow so you could get your 2%
If I buy what Fly buy I can blame Fly for losses! It’s a no lose proposition. If I make money I give myself credit. Bad choices are on the Fly.
Beautifully said. I just to know your opinion because I respect it. ;~)
I honestly don’t know why some of you guys are not in the PPT. It was telling us on Monday to sell with “gay” abandon. “Gay” being used loosely here in the traditional sense of the word.
Permabears have it easy
I mean, show me one upside day in the market, where the yahoo message boards, xero hedgers, and stocktwitters don’t all cry “manipulation” in unison
Basically, if you’re a permabear , and you lose–you get to claim manipulation
If you buy anything, and the market goes against you, you don’t get to blame anyone.
Which is probably why bulls gradually start to become insane caricatures of themselves (ala cramer and altucher).
The ceaseless attacks by the permabears gradually sap their sanity.
Considering how many of them live on a diet of pot and taco bell, its amazing how permabear internet trolls have so much stamina.
http://www.youtube.com/watch?v=qD5GtohtRYU&t=0m40s
it is amazing how much stamina you have putting out your useless drivel
It is amazing how little thought you put into snarky comments.
Your Mother
the only time to have been an uber bear was late 07 and all of 08.and now that most have been throughly confused for the last 14 months,no one knows what they wanna be. both sides are fooling them selves now.no wonder altucher doesnt do much trading anymore.
I’m good email pals with altucher
He recently confided in me, as to the source of his hairpiece
http://www.kittywigs.com/wigs.html
Pana….LMAO… BTW, I noticed that he was calling for DOW 20,000 but said wallstreet was a scam. I like his new website a lot, he is a good guy….fwiw.
He said no one should own stocks, but, the Dow is going to 20k . It all makes perfect sense.
He also writes long winded blog posts on his stomach pain, and acne.
Truly, the Socrates of our generation.
Pana…I know…him and Jim Cramer were my original teachers in 2007 so I have a special place in my heart for both of them and fellow Stockpickr’s..which many hang out here now.
If Jim Cramer was your teacher, that explains a lot.
He thinks most people should own ETFs rather than individual stocks. It does make sense for non-traders– to just hold a stock index until Dow 20K and not have to worry about keeping track of things like whether some individual Chinese company is real or fake. While mutual funds may hold a few bad companies, holding a whole bunch of companies in an index reduces the risk one takes when buying a large amount of an individual stock. And it’s very safe to just buy the SPY or whatever, in a rising market.
either one– ETFs or mutual funds, he thinks non-professionals should hold, I meant to say.
he’s a good kid…..he can always do a weave and go rasta
Shorting should be outlawed. It serves no useful purpose other than to damage the economy and make our financial markets a casino.
Jesus, you are preaching to the wrong crowd.
If you want to get rid of speculation, then we should ban most people from buying, not shorting. I’ve watched dumb assholes burn more money betting on shit to rocket to the upside then trying to collapse a company.
I’ve always subscribed to the general rule of being aggressive from November – April, and getting defensive (not necessarily short stocks) around May through October.
Monkeys playing wildly colored accordions in small Italian villages are creatures of habit, influenced by the sun, the moon and the seasons.
me thinks SPY is back at 132.25 by end of day. we will see.
Ha. You missed by 0.09 (high of 132.16 at 3:00). Let’s work on that a little bit.
I kid.
My first exchange with the po pimp. I am honored
writing a book on how LNG screwed me by putting more cards in the deck, still wondering what they will do w/ the money,
Bitchez and bluntz.
My first exchange with the po pimp. I am honored
I have been watching a mid day rotation into Banks.
BAC,WFC have completely blown off the debt downgrade.
KRE (regional bank etf) and XLF etf looking decent.
Hence the term “stupid as a jackass” might apply to buyers of bank stocks, no?
Why waste time with U.S. banks when you can go long CDN banks and take the +4% divies?
At the end of the day, they are my accordion.
I like CM and RY at these levels, favouring CM.
Did I buy? Yes. Do I already own? Yes. I can already hear the music being played by my monkey paws and tail.
Can’t go long Canadian banks. Mini ice age approaching . Penguins don’t pay overdraft fees.
http://www.iceagenow.com/
Barring any new accommodation by the Fed, there’s still time to short the SPX to at least its fair value of 920.
If the market takes out 1310 SPX today, the index is at risk for 1250-1260 in short (no pun) order.
Please remember to write that down somewhere.
alpha i was watching 1290 as support…interesting your number is a bit higher
1300 is the bottom of the channel – support – LOL
Seriously can you Americans get your house in order over there as I’m sick of what’s going on. FFS
President Obozo nominates a fucking communist as Commerce Secretary.
http://gatewaypundit.rightnetwork.com/2011/06/figures-obamas-commerce-secretary-nominee-is-a-raving-socialist-too/
Who the fuck have you guys voted there?
How about you Aussies making curse words illegal?
Australians are too busy building tons of empty real estate, and then making sure no one can buy it –because of their stringent immigration laws. Its hard work.
http://timesofindia.indiatimes.com/nri/other-news/Universities-reel-as-Indian-students-ditch-Australia/articleshow/8697326.cms
Panama
We’re choosy. We like it that way.
not sticking up for the aussies,but they laid the shit on the line about “muslim” penetration into their society……but lets put some 2+2 together for a moment. obams’ health care bill states that all muslims are exempt from the healthcare bills’ mandatory insurance based on….ready for this……sharia muslim law that prohibits useary [sic]……… well guess what, i dont have to be a muslim to know that insurance is a scam, and forced insurance is an even bigger scam………so, everyone surrender, and convert to islam like mouhhamid dreamed of at the end of a sword unto all the people of the world……or get in line for your cheap, yet useless, blue cross blue shield,or become deposited into a fema camp for not being a convert………and thats why they fucking hate the aussies. germany has THEE largest muslim community that makes detroit look as shitty as it is.
Fly
I personally know the dude… we call them state premiers (like governors)… who is proposing that. He’s honestly fucking retarded. I kid you not. He appears to be retarded which i think is result of multi-generational inbreeding. And would you believe he’s a conservative too.
Fair dinkum, mate! Here’s to inbred Bruce and his outback kin. Goo’day!!
To J:
Deforestation is a problem. Without enough trees we’re all dead. Now maybe his solution is too socialist for your tastes and isn’t the right one. So what is your alternative solution?
Oh, I forgot. The worldwide Internet custom seems to be to criticize and insult others, not to attempt to solve problems. Never mind.
Frog
My solution? Why do we need a solution to any shit someone thinks we do?
Use a fuck load more paper, even toilet paper. The more paper we use the more trees we plant to produce more paper.
We DO NOT need global governance for any shit like that.
But seriously, you want more trees? Run ads asking people to use more paper and wood products and that will get you all the fucking trees you want and then some.
Do you know the difference between hardwood and softwood, you moronic dipshitz?
lumber, one of the best bets i’ve made in the last 4 years…..chumps no shit about it. we have the best stewards in the world,god blessed america, not its inhabitants.
You silly bastards talking about a shortage of deciferous and coniferous wood. Come to Michigan. I have trees coming out of my fucking concrete, tearing apart the foundation of my house.
Down with trees, and hurray for global warming. A warmer world for a Michigan with less shitty weather.
Airliners spewing out carbon dioxide 7 miles up in the air is a problem. Those white streaks you see up there in the blue sky– half water vapor/half carbon dioxide. The trees are 37,000 feet down below there.
Diffusion.
Gravity.
Fuck off rigged.
If you want more trees then consume more products from trees.
Fuck trees, fuck peak oil, Hugh Hefner’s doesn’t have much time left and materials in cameras will run out soon too… we’ve reached “peak playboy”. Plus after that we’ll run out of oil which means women won’t wear makeup and we’ll be forced to “paper bag” them.
CO2 = bullshit scam.
Protecting fragile ecosystems from maurading bands of charcol-making savages = worth looking into solutions.
Each day I am more convinced that the occupant of the WH is something different than he appears to be.
The occupant of the WH is always a puppet beholden to the Special Interest Groups that financed his campaign, who jerk his puppet strings in any way they want. Why would he appear to be anything else to anyone? Oh, that’s right, they always claim to have an ideology, which they hope will fool enough voters who hold that same ideology, so that the voters will elect them.
Exactly. The United States of America is technically a corporation, of which Obama is the president. He only needs to answer to his shareholders (which are not the citizens). In fact the reason your drivers licence, SS cards, etc. have your name in CAPITAL letters is because you are a legal promisary note owned by the corporation (the USA).
i liked the part better when it was stated that your berf certificate is insured till the day you croak to the tune of millions of dollars. more and more ,that i have witnessed in the past 5 or so years, are the amount of people passing younger, and younger.
I like JOYG here for 10 pts or the roll.
Come on little US Dollar…you have to hold your intraday low support…you can do it. Ignore the Clam and Greece won’t get it together cuz plan won’t do much…breath, breath
This is a great place to take a crack at some UUP calls.
Already long DRR, but thanks.. this is a KEY moment, eur/usd has 1.4500 resistance which it had sellers come in last night at this level.
I think your local Congresscritter got a little carried away with your WNR call.
Watching Mets-Pirates on MLB-TV (beats CNBC) and for you Mets fans it is now Pirates 6 Mets 0, bottom of the second.
“At the end of the day, we are monkeys playing wildly colored accordions in small Italian villages. Stick to your convictions. Because if you stick to mine and lose, you will not forgive yourself later.”
Smashing! This is one of the most brilliant paragraphs you have ever written, Fly. We’ll stay with you for years, and then remember you afterwards for years, for your literary flair, and for the honesty and forthrightness in your posts, as well as for your trading acumen.
Market is as nervous as Anthony Weiner sending a message via Twitter.
http://tradewithdave.com/?p=6669
Greeks are done? Accidental pre-release?
they’ll be printing a currency, called uranius
lol. Captain Greece might sell the banksters all of the immobile assets against debts, then re-nationalize them.
I would just do the old Icelandic “Fuck-you banks. It was your risk.” Then again I’m not a crooked Greek politician.
amazingly im up for the day now,,
I’ve got something to say: TLT (long). Beware: buying a bond is not a magic wand.
Panamaorange, who knew? Kitty wigs. Naive me. The only one I’ve heard of is a ‘merkin’, it being a pubic wig. Probably went out of business when sicko femmes began pubic shaving to the extreme.
Shouldn’t Mitt be called Moose?
Doesn’t that fit better?
Or is it because I am now a fucking reindeer?
(Thank you for noticing).
We should be hearing more from the “double-dip” folks sometime soon.
Sadly, part of betting against the tape is aligning yourself with nutsacks cheerleading America’s demise.
Hitting Zoloft helps to shake off their effects.
Shorting should be outlawed. Our financial markets do not need to be some kind of casino.
Selling should be outlawed. Then no jackass retiree could ever get burned (satire).
Shorting creates liquidity for the markets
Blame the algos(no offense Fly) if you wanna complain about this cesspool of a market turning into a casino.
Positions are held for minutes instead of years.
Well us Bears got a nice day of rest after our Party yesterday, the hang over was not a bad one at all…some bulls threw up during the day. We are all rested and ready for NFP tomorrow.
Tomorrow you go into hibernation
It’s all about the jobs number.
Expectations are so low now that I think us bears might get stung tomorrow.
I have 130K in the NFP Pool…wish me luck.
Does anybody else not see blog comments on the iPhone app? Any known remedies?
new iphone app coming
I hope it works for old ass iphones like Version 3.13