Well, I spent most of my day visiting the Smithsonian, Ford’s Theatre and the Spy Museum, all very cool. We stopped by for a quick bite in Maryland and now find ourselves deep into Amish land, in the Lancaster vicinity. As told before, I intend to “blend in” with the mennonites and build furniture, in order to place time bombs in random houses.
As for stocks: they went higher today. So you understand, my TZA is only a very small position and only taken to hedge some longs in my personal account, while I am away. I will likely buy more JCP tomorrow and possibly some CIEN. Once again, the dicksuckers who were clamoring for a Greek led melt down lost again. Oh, let’s not forget the doomsayers who were panicking over a +54k jobs report. They were wrong too. The market will hit new highs. Unfortunately, it will do so without Senor Tropicana fully invested. I’ve made up plenty of ground and do not find it useful to risk much here, after such a big run.
Off to build a dresser.
Top picks: VMW, JCP
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No $WNR jokes in re Blue Ball and Intercourse, PA Fly?
You only swore once in this blog, you really are trying to blend in.
LAST!
Driving from state to state, like a common lout? Unheard of!
In the Philly suburbs some contractors drive in Amish carpenters to do work for high-end home and small building construction. I’m sure it’s like time travel for them.
Fly…could ya build me a Trojan Horse…by hand of course?
Never mind what I am going to do with it.
How such credit risk is ignored is beyond me.
Fly, you are very good at what you do but your thesis is based on the fundementals of a fucktard. It works for now because you use the same stupid bots as everyone else.
Anyone who thinks Greece and the rest of the PIIGS can be ignored forever is a pure uncertified mental patient. Just finished a meeting with some of the wealthiest on Wall St that live in $20 million mansions and they are speechless.
The last words they all spoke was we are the next Greece.
The PIIGS are the new subrime and any idiot who ignores this will end up getting their face ripped off in the next few years.
Folks, the smartest guys in the room are scared shitless. Heard the words myself.
edge,
How can you criticize Fly for basing his thesis on fucktardian fundamentals when he’s calling it right and banking coin? You are using fucktardian logic if you ask me. If the market crashes while he’s long, then you can criticize but he may be short when that happens and if so, he’ll be able to retain his genius status. So until that point, he’s right and you’re wrong.
When Greece, the PIIGS, and the US eventually all collapse, I somehow think Fly will be on the right side of that trade.
Metal
I am not calling for a market crash. The Fly is brilliant. Let me repeat: The guy is super brilliant!. The problem is the speculative nature of this type of investing leads to zero confidence in the markets. Wall St is using financial Armegeddon to trade which is the recipe for disaster because we are on the precipice of Armegeddon..
In the longer run this does damage. The average retail investor loses confidence and walks away because there is no trust.
In the long run the average guy doesn’t understand whats going on which means millions will get hurt when the fundementals means something once again.
QE/government spending was the spark for this rally. Without it GDP will suffer, I expect Q3 will be Ok as Japan turns around. After that I think we suffer.
I just hate to see the markets turn into a casino and algo trading has made things worse.
Short 2 stocks right now and one was flat and the other was down sharply so I am not complaining.
I just hope people understand how bad things are economically.
Best
Since when does things being bad economically mean something for the stock market? Well, eventually it does, but eventually can be a long time. Am glad U R doing OK because I wish everyone on this board well. But I often think of the saying “The market can stay irrational longer than you can stay solvent.”
Of course the U.S. is the next Greece. And it will be years before you will be able to tell that by looking at the stock market. The Fed can keep the market pumped for years– like they did for the 5 years from 2003 to 2007.
As I lack the sheen of brilliant coin luster Senor T. practices, I have reserved a fine bunker previously used for particle accelerators in Switzerland. I hold accounts in Norway’s grain banks and PM debit card issued from Utah and Switzerland.
As for Fly’s space ship, I’ll accept offers to survive the milieu, but until then, copper-bullets, knives and rice are a man’s best friend.
Your multi million dollar friends watch too much Fox news. They are letting politics get in the way of banking coin. Take the bear goggles off and you might see things a bit clearer.
If you are really really agile and confident, you can pick up coins in front of a steamroller with a perhaps accpetably low probability of twisting your ankle. Fly is agile and confident. He probably won’t twist his ankle. He probably will hop up onto the steamroller when it gets close enough and drive it over the other coin pickers. Most of us on this here blog are the coin pickers that are not agile or confident enough. There’s not enough room up in the steamroller cab for everybody, and Fly will be up there punching moustaches.
I am not an ideologue. I bank coin. That’s all.
Folks, the smartest guys in the room are scared shitless
Are these the same smartest guys that were loaded to the gills in subprime toxic sludge prior to the 2008 crash? Yes? Then why the fuck do I care if they are scared shitless at the moment?
man, i was gonna say the same. they’re scared alright, and have those reasons to be. but his wealthy friends on broad street were the ones that helped cause this distress. we wont be the next greece,why? because unlike they rest of the world.there are plenty of men that have guns, and at this point in time and history………….will blow some brains out……..a lot of brains………and maybe thats why they “SHOULD” be scared.
The “smartest guys in the room” was originally the Enron guys.
“Are these the same smartest guys that were loaded to the gills in subprime toxic sludge prior to the 2008 crash?”
Yes
If you were a player on Wall St it was impossible not to be involved in the housing/credit markets. It was the biggest game ever.
What we have done to supposedly “fix” this is what has them aghast. No one thought this country would have this corrupt after the fact. People have no idea how bad this mess is.
I wish I didnt know because it keeps me up at night.
I don’t think there is a right side of the trade if the US collapses…doomsday is not good for anyone long or short, and I hate how some people are hopin for it
I always get a kick out of that front page pic
OEW Daily Recap: We got that spx 10 pt decline as predicted now ….
“With the hourly RSI dropping below neutral it cleared a short term extreme overbought condition. We’re counting the pullback as a Minute wave iv, and the market should now be in Minute wave v. If all goes well, this short term wave should end near the bull market high of SPX 1371. Then we should see a more sizeable pullback before making new bull market highs.”
Agreud!
Behold!
The greatest PM Stock of the Decade!
If that doesn’t bust it’s karma, nothing will!
________
“We don’t fight, we all play nice, Living in an Amish Paradise.”
Still a classic:
http://youtu.be/lOfZLb33uCg
So for now, pay attention. The dogs are getting hungry and they have had a quiet year so far. The
second half of the year is shaping up for a return to volatility. Of course they will yell and scream at this
writing. On the one hand they claim I manipulated the WORLD economy because I had too many “big”
clients. On the other, they claim because of their own half-baked allegations, I am not credible
whenever I write about THEM. It seems they want it both ways. As Cicero always said, when you can’t
respond to the argument, attack the speaker. The fact that they will attack me personally
DEMONSTRATES that they have no response to my observations.
Thank you Martin
Context please big bear.
I think he was quoting Martin Luther’s 95 Theses.
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You wanks need to join the PPT. Wake up!
http://www.youtube.com/watch?v=jpkGvk1rQBI stayin on the safe side 4 now
Oh Fly
Please try
Some Amish land
Shoo-fly pie!
JCP,,,OUCH
Hi Mom and Dad. Having a great time with the Fly family, although I am not sure when I will be back.
I heard Mrs. Fly yelling at Uncle Fly this morning. Apparently the Amish are thinking of putting Uncle Fly on trial in front of the Amish elders. They say he was showing a group of young Amish his iPhone and they ended up spending several hours on porn and on line gambling sites. Then he was helping them quilt and Uncle Fly quilted the words “WNR” on the first one and then on the second quilt he designed something called a “Cock and Balls Formation.”
Can that attorney you hired, Jose Baez get over here for Uncle Fly?
Mrs. Fly said she is off to max another credit card. Boy is she mad.
is this continuous rally a bad thing or good thing in timeline of a month? it does seem a little bit over done for nothing.
High oil will likely mean average earnings with lowered forecasts for anything related to the consumer. Time to get your short on.
FLY, what’s your timeline for the dip? PPT overbought score seems not predicting high level consolidation we see in last couple of days. What’s your take on the tape in a week? Do you believe now it’s MM to trap all the trend/technical follower to the highest point then let them hot and dry there very soon?
welcome any comments
“Hot & Dry?”
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I meant sizable correction which left all the chaser holding the bags.
On your adventure to Amish land, you should look into the factory where they build the wood cabinet electric fireplaces. They are probably ready to shoot a new infomercial and I’m sure you and Steve Jr could get starring roles wearing denim shirts and straw hats looking industrious.
That factory is in China.
Mennonites? Sodomites? All good. Likewise my OCZ forecast a winner yesterday by this crafty old gent. Standing Os humbly accepted.
Nice one, Centurion.
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