Check this out. Aside from the market, great tragedies have been occurring at La Casa del Fly. For example: just yesterday, one of my light switches broke. And, if you could believe it or not, my fucking cleaning lady destroyed my bathroom sink. I don’t know how she did it. But I have a gigantic crack in the sink that can only be remedied by replacing the whole counter top +new sink. Perhaps I might need to buy a new vanity too. Developing…as always.
Just last week my refrigerator decided to stop working. I had to replace it. Chalk up another $3k. And, my oven stopped working too. I had a repair man fix it for a modest $400. And, one of my kitchen cabinets crumbled to pieces. I had a new one custom made for only $550, sans installation. These things are not normal and “The Fly” wants to know: WHATTHEFUCKISGOINGONHERE?
I don’t have time for this extra shit, while markets are plunging and shit, zombies trying to eat my brains and all. There are lots of gangsters I am fighting on Twitter and it’s a dangerous world, as you know. If God is listening, please, respectfully, cut this shit out already.
In other news, I am cooking a mean red sauce now, fortified with low end French wine. It should be delectable and delightful (NO HOMO).
[youtube:http://www.youtube.com/watch?v=RHWJ4zBtF9A&feature=related 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
FIG
In all seriousness, the stress is killing me. I keep telling myself to just move to cash and wait it out, which i did , but i already moved back into the market. While i have gotten killed this last 7 days, my performance is still OK ((in a 20% drawdown, +10% on the year still)).
Although, Monday night things happened that i can’t even bring myself to recount in full detail. It did involve 50 contracts of CL bought in the dark of night, several prayers to unknown entities, and a fitful sleep during which I screamed out as if i were being murdered.
I am in the same boat, believe me.
50 contracts? lol, no you didn’t.
i did, but to be fair i closed 20 before i fell asleep. It is neither something to be proud of nor something i care to repeat.
That would have been hilarious (well not really) if you had to take delivery. How big is your pool?
that would have put me at 650% leverage, not including other positions. 30 i closed before sleep at 1am, 20 more closed at set profit points in the AM, and the last 10 i closed when my wife woke me up because i was “moaning and screaming” at 3am. Total duration was maybe 5 hours.
i wouldn’t call it a pool, though…
Huggie, I don’t know you, but feel your pain. Careful that you’re not going on tilt – it hits each of us differently.
Summing up this week’s market – – – Uh-oh, looks like I’m working at Wal-mart until I’m on an oxygen tank…Yeah! I’m retiring to Florida….Uh-oh, looks like I’m working at Wal-mart until I’m on an oxygen tank…
Watch the moon for a true bottom.
Tragedies at Casa del Fly always preclude large market wins, do they not?
They do, as a point in fact.
Nobody bounces higher than Le Fly
I am to rubber what dumb is to Pakistan.
lol i dont know exactly what that means but it has a lot of truthiness to it
very funny!
prelude, not preclude… amazing what an errant c will do to a sentences meaning
When it rains in hurricanes
Shorting vxx up to my fucking eye level..it’s do or die now!!
i am short 1000sh of that beast….currently down $2 per share.
Which brokerage had shares available for shorting?
most
buy puts is an option, I’d opt for long dated and well under the money (like jan 2013 20’s)
buying puts and selling calls at teh same sstrike will accomplish a short position. you can, if its out a way in the future, sell a call well above the money and still take in most of the premium as the options chain flattens amazingly on the leveraged bear ETFs when things get ugly…
never forget two things about VXX
1. it would have gone up about 5 times during the lehman crisis. not 50%, not 80%, not doubled, 5 times PLUS.
2. its down about (with the vix at 40-odd, during the most oversold time in the market since germany invaded france) 65% from its pre-lehman low
you WILL win, but you have to stay alive to do so…
mb trading
it usually doesn’t, i was quite surprised to find them available….actually, it made me question the trade. So far, ive been wrong.
short 310,000 VXX, 100% covered with calls that are deeep in the money. just trying to figure out when to roll them up or something…
This type of stuff happens to all of us, it seems to occur in cycles, to test our mettle.
Just thank God all of your family is healthy and that “This too shall pass.”
xactly !
.
…beat me to the submit button …
.
Too bad God isn’t around. He’s on vacay like Obama.
Wait a second…
YOU SHOULD HAVE FIRED ZOILA LONG AGO!
The post is the first thing my girlfriend has ever comprehended on this blog, aside from the occasional “fun” songs provided by The Fly via YouTube. Well done sir.
Fly … “LIFE” is a series of problems … that’s what “LIFE” is !
Deal with them … move on … and know that the next one will present itself sooner rather than later !
Be happy in the knowledge that you (and your family) are healthy !
Everything else is trivial !!!
.
I can fix that sink lickity split.
resauce … low end wine …. fortified ….
here’s your link to the finest
http://www.bumwine.com
feek your pain Fly same boat here in many respects some serious personal shit e.g. pregnant wife in car accident not her fault
only so much shit a man can take … but you have to keep fighting
Sorry to hear about the accident.
My wife’s car was overturned when she was 8 and a half months pregnant.
I am sure it will turn out well but don’t sign any insurance checks that say” in settlement of all claims” and be sure to endorse it ” with reservation of all rights.”
Hopefully, it’s only property damage.
thanks TC ..
we spent 6 hrs at the hospital making sure baby was alright and seems to be ok.
so far just property which will be settled first, then personal injury for her she is a basket case and is now feeling sore and stiff all over
mind is shot and has really thorn the trading for a loop getting whipsawed constantly just trying to get the focus back
wow shit happens in 3s,
I literally just finished putting in a new light switch after the boy tackled the girl into it
i hope tomarrow will be up, margin req will help i hope. gld will settle down and it will be a chance to look at things in a better light. good wishes for all,
Cash is king at this juncture for me and this vacation has been a true blessing in disguise. Lots of cock suckers walking around the Cape with boat shoes and sweaters tied over their shoulders with no idea how much sodomy their 8 figure retirement accounts are on the receiving end of. The real shame is seeing their children dressed the exact same way.
What makes them cock suckers?
The dicks in their mouths.
Forget Fly’s advice on the Naked Oyster … the original owner sold and has a new restaurant right on Main Street in Hyannis … you won’t be disappointed.
http://www.colomboscafe.com/
For high end dining try The Regatta of Cotuit or Twenty-Eight Atlantic here:
http://www.wequassett.com/
@Fly , It could always be worse. Trust me. Money, markets, and house shit are the most insignificant things in the universe. Hang in there. It will always get better. Unless it gets worse of course. Enjoy the red sauce. I was going to cook up Chicken parm, but decided to put it off until tomorrow.
Read this: http://www.martinarmstrong.org/files/The%20Fate%20of%20Gold%20and%20Oil%20Front%20Runner%2007-04-2011.pdf
Basically this was 7/4 and Martin Armstrong asks, “Is Goldman Eying Up Paulson For The Next Panic Trade?”
Armstrong states: “Paulson, you are dancing with the devil – watch your ass!”
Perhaps GS is going after Paulson’s positions, and want to shake him out of gold.
Very interesting.
why is obama talkin to latina magizne about markets, its something he knows nutin about
Link please.
And au contraire, Obama is the best stock market advisor out there. If you had bought when he said the stock market was a good investment for the long term in March 2009– and cahsed out and sold short a few weeks ago, as soon as he said “The economy has been hit by a truck and it will take time to recover” — If you had done that, you would be off on your giant yacht sailing around the world, instead of posting on this message board.
lol, u r right..
Sorry to hear about your problems.
Here are mine (all within the last week):
My roof is leaking and it’s Hurricane and rainy season and my roofer and every other roofer has about a 2 week wait.
Before the roof can be fixed I have to remove my 5 pool solar panels and it’s $100 per panel to take off and then $100 per panel to put back up (NEVER get solar panels and put it on your roof-they leak eventually).
My son went to the Doc today and is told he has mono.
My daughter who lives in NYC is close to the end of her job and her husband (does accounting for a Hedgie) is concerned about layoffs.
I took down two large oaks overhanging the roof (afraid I was running out of luck) and it turns out there were thousands of bees nesting in the fence next to the tree so when there was no shade they came out and swarmed into one of those bee beards on our fence. I paid to have a bee guy remove them and he also took out 50 pounds of honey in my fence.
I have more but it sucks to write it and read it- but hey SMH has been good to me lately.
total first-world white boy problems TD
I double checked in the mirror and you are correct.
Still white but wait until the AM the way things are going (not that there is anything wrong with another color).
And my wife says I am being too negative and to keep positive thoughts.
I wonder what Mrs. Fly is telling Mr. Fly.
Expressing negative thoughts can be very therapeutic if you release emotional distress while expressing them. And if you then are eventually able to move forward toward positive goals. Here, at the bottom of this page, are free acupressure tapping procedures to release emotional distress.
http://www.bradyates.net/youtube.html
Get a blue tarp. Why fix the roof when a hurricane will just tear it off anyway?
Good news! I saved $200 on my car insurance by switching to Geico..
Mercury is in retrograde almost all of August- Don’t be surprised at the shit-happenings going on in your daily routine. Miscommunication, fucked up travel plans, computer malfunctions, etc are the norm. Plan accordingly.
Hope you bought the close today! Look for some upside action-
Have no fear, Woodsheeder and I are coming over with some southern karma as well as some grade A BBQ.
And, if that doesn’t help, we will drink all weekend.
Car broke down. Had accident on way home from repair place. Sat in chair out back. Fell through.
this too shall pass but, will you have any money left? you gotta start listening to the Jakester.
I am down 1% YTD. I am fine,
you are outperforming…
… it could always be worse !
You COULD be John Paulson !
.
cat needs a whiskerectomy ………….
If memory serves me correct, you have had issues with the maid for years. Trying times could require drastic spending. Stick with the cheap wine and immediately go online and order new appliances and housewares at COST. A fabulous one stop shop. At least ur favorite urinal is still intact.
Get a new house. That thing is haunted, or just a lemon or something. Perhaps it’s built on an old indian burial ground, or maybe some kind of vortex. Something from a Stephen King novel.
Pet Cemetery out back?
__________
law of attraction? domino effect taking place? perhaps some positive thoughts are in order if you believe in that stuff… or pray real hard if you believe in that stuff…. based on premarkets now (not that it means jack at this particular time), looks like a gap up is in order which may bode well for La Casa del Fly
This is good for the mind and soul.
Very therapeutic.
Everybody bitch.
I think if we all start bitching we will go to a very bad place.
I like RC’s idea. Maybe I can find a place that will overnight BBQ to Connecticut. I don’t feel like smoking my own tonight, and all of the good BBQ joints in the state have closed. (Well I guess I could run down to Wilson’s in Fairfield tomorrow. They’re open on Thursday.)
I got your BBQ right here boys:
http://economicdisconnect.blogspot.com/2011/07/what-is-this-food-network.html
Looks good.
It does look good until I saw the Sweet Baby Rays.
It needs to be done Carolina style with a mustard based sauce or vinegar sauce- to each his own.
One of the best BBQ I had was in KC at LGs.
I could tell it was going to be good when I read the Health Department had shut them down earlier and there was so much grease build up on the floor I thought I was on a hockey rink.
Damn us and our first world problems. We do seriously need a dose of reality. Markets, broken solar panels, busted sinks, mono, dick caught in 22 carat zipper. Damn we are so hard done by (no homo).
At least on a market note I would like to say that WNR definitely acted nicely today. If we get a shorts ripping rally that sucker is going to the moon. However, I am holding some bullets yet if things go a little more sour…
GLTA,
-Hippy
Don’t get me started…
I am eating liver along with a nice Chianti……spspsspspsspsp
Think about liver for a second, it aborbs the body’s toxins.
It’s not as healthy for you as you may think.
The Chianti – save the sulfites – is OK.
it was the postman’s liver…ssspspspspsspsp
Don’t ever EVER fucking ever look a gift horse in the mouth……………..today’s CLOSING price!
what about the closing price?
Buy fucking Buy! Can’t you idiots see what the machines are doing?
I would recommend a gold sink, but the maid might tell her friends. Nice Palin joke, that was comical, repeat visual was even more exciting.
Like I said earlier. Tomorrow will be one on the GREATEST CRASH days in market history.
You’ve been warned!
hope you’re right, i’m 100% cash.
I’m 3X SHORT including GOLD. I will not cover until after the CRASH days next week.
yo dog, check the futures
You have no idea what you’re talking about. My charts say different.
Amateur.
FUCK YOU PUSSY BEAR!!! YOU’RE A FUCKING GUTLESS IDIOT! When benny says boo you run crying to your mama. Fucking pussy.
Devildog- Be prepared to meet your maker! You’ve just shorted the BOTTOM!
Dog is right. Look at the week prior to the 87 crash . This week is very similar. Massive swings. If we get a 500 point down day friday …look out below !!
Actually it’s 1929.
At least you don’t live in a tree and throw you’re own feces at the tv whenever potus or f-tard sodomite sinators are on…
Should be of not on. What happened to the damn edit function?
FUCK YOU DOG. There is no edit button on ibc.
WHEN YOU COME HERE YOU HAVE ONE CHANCE TO GET IT RIGHT.
BRING YOUR A GAME.
Isn’t this place shut down yet? LOL
I challenge you to a stocktrade off! You can’t stop me and my charts. I read a thousand charts a day!
This is an observation, not a plea for people to act differently.
I wonder if “the ruling class” wants the markets to crash, the EU to collapse, etc? Or is this an error that has gotten out of hand? Is this recent market and newsflow action just another move in ongoing manipulation, or actually events not within control? I cannot believe that “they” cannot deal with the S&P with one phone conversation, so therefore this must be what is desired.
In short- if is was manipulated on the way up, it is logically manipulated on the way down, unless an accidental mistake was made.
Is this an end game leading to a completely different world structure? Why would anyone want to blow everything up, it already seems like a nice ride and life for the wealthy and powerful.
I think staged and manufactured BS is being used to destroy so much, driven by desire for money and power.
Have they lost control of it, or is this part of the plan?
Meant to say “if this was” not “if is”.
I tend to think they’ve just lost control – or are close to it – have a hard time buying the idea that they’re that smart…maybe some Dr. Evil’s running around in the background but not the public sector clowns (including Central Bankers).
They started to believe their own croc’s [sic] of shiite [sic], that’s all.
Could be part of a plan but unlikely– at least not if one is looking at market manipulation per se. Manipulation is difficult and usually can only be carried out on a short-term basis. E.g. yesterday’s market manipulation for the Fed rally and short squeeze, occurred within the space of an hour and a half. Even the biggest players don’t have the money to manipulate the market for months or longer.
At least you don’t need a crown for a tooth like my GF. That will set you back 1 K, even in the heart of Dixie.
Don’t look now but US futures are on fire.
But then again it’s going to be 12 more hours until we open and anything can happen.
http://finviz.com/futures.ashx
And it looks like they are trading as a discount so it is even higher.
Did peace just break out?
http://www.cnbc.com/id/17689937/site/14081545/
Devildog’s liver will be consumed tomorrow by evil drunken robots trading with nanosecond speed.
Tomorrow, the refrigerator box repo men will be visiting his under-bridge real estate.
____________
http://www.wavegenius.com/intraday/?p=791
I found out Adriana Lima got married and had a kid. That vagina is wrecked; now I’ m really depressed.
Oh, like you were gonna hit that!
I smell intervention here the way futes are acting.
Perhaps an EU bank bailout? They have to act fast over there or the banks are going to be fried by the markets.
Futes are UP!. GOLD is DOWN $35 from the aftermarket high. Very…very BEARISH. Completing Wave 4 overnight. Sneaky bastards. Wave 5 DOWN starts an hour before the open with unemployment claims. Sleep well FLY!
Comex has raised margin requirements for gold.
I don’t sleep.
DD how can you speak with such certainty in such complexity. Am a permabear but wouldnt predict like i was sitting at the controls
It’s easy when you have no money, and disappear at the least hint of trouble.
_________
We are in wave 5 already and ya know how silly they can be … prepare to get your face ripped off just like your Viper was by Repo Man
http://www.wavegenius.com/intraday/?p=791
PS: These OEW guys are no Bob Prechter … they’re accurate
Nice depressing headlines on the IBC financial news network.
Whoever is in charge of the IBC financial news network should try to show opinions from both sides of the market.
There seems to be quite a negative slant to all the news.
Just saying!
JTU
Cronkite has a negative spin. But when I post, I go for more positives, no?
The Fly is definitely more possitive but at least you are open minded to show both positive and negative views.
Someone post when Cronk’s gone, I’ll re-follow IBC Fin.. Thanks.
Foreclosure Filings in U.S. Plunge 35% to Four-Year Low, RealtyTrac Says
How’s that for at least something positive!
Is it possible to be foreclosed on twice? DevilDawg is working on a back2back … nothing more positive than two in a row. Can the Repo Man actually take your mountain bunker back?
John Paulson down over 39% this year in the Advantage Plus…18% in August alone. His oversized positions in BAC and C aren’t working so well for him. What a loser!
Note: The above are estimates based on his 12% loss last week alone. Is anyone here doing THAT badly?
Loser? He made $4B in one year buying mis-priced CDS’s. He is definitely on the wrong side of the trade now, but he ain’t a loser.
Paulson is a fucking Boss-man.
Fly, Goldman ups Western Refining (WNR ) to buy from neutral for tomorrow;
🙂
can u send report?
Thoughts on “No Homo” from Felonious Monk
http://www.youtube.com/watch?v=ZHOLNPUG3mg
I HATE THE CHINESE PENSION Fund, The NATIONAL COUNCIL FOR SOCIAL SECURITY….australia missed on employment and everything was suppose to fall apart. BUT, the China Govt is buying up the AUD/USD and the China Stock market thru that Pension Fund….arrrrrrrrggghhhhh…..to try and stop a global sell off…
And Gay South Korea is having their Pension Funds buying too…
aud/usa is the s&p Darling..look at the charts..almost exact !
I know Pit, that is why I watch it so close.
Any reason the Renminbi has flower-watermarks on the 5, 10 and 20, but the Chairman on the 11 Nymph?
Hearing the ECB might provide a 6 month cheap money supply for the banking system to help ease liquidity concerns. This is per BLoomberg.
The program can only last 6 months because the ECB is officially raising rates to fight inflation. Doing anythink longer than 6 months would go against their mandate of fighting inflation.
If this is true I think it’s big. Takes the banking crisis off the table at least for now.
But when he asks, he must believe and not doubt, because he who doubts is like a wave of the sea, blown and tossed by the wind”
(James 1:6, NIV)
THATSBAD BEAR SHIT,..DEVIL DOG STYLE ! US DOGS A HOWLING $$ NOW~ NO SHORY ? WHAT=UP= WHAT HAT?
These are the rumors i picked up from a hedge fund buddy.
During the budget discussions China told the US they needed to be cognizant of who they were dealing with, in terms of the bond market… ie. China…. The US told the Chinese to go and take a hike, as the US would make decisions in their national interest.
China took this as a slap in the face.
The story is that the Italians told the Germans to get off at the next train stop as they were never going to take orders from them They also basically told the ECB to get lost. Apparently the rumor is that China and Burlesconi have got closer together and its China buying a lot of Italian bonds. Don’t know if this is true.
Last night France looked like rupturing as you well know, which is really abd as most people thought France was on the safe side of the moat.
My take…
The solution is that the ECB has to QE in large doses. They are not doing so as they currently sterilize bond purchases.
There has to be a controlled default where the weakest take a big haircut, say 30% to 40% off the face value of the debt, repackage it in 30 years low coupon bonds, will never be able to borrow under sovereign name again, or for the longest time and reform. Fiscal control will go to Brussels for all of them.
I actually don’t think a controlled default is a bad thing and the market could act positively, as it would only be recognizing reality in terms of where most of the bonds are trading anyway.
Fiscal control in Brussels is a long stretch here. Germans to give up financial levers over Europe? I highly doubt it. However from medicine-prescription point of view to unite both monetary and fiscal powers in single hands is the right thing to do. Question is in whose.
Dunno Snoop
It seems to me that unless they come up with somehting pretty quickly this will turn into a serious mess. The place will implode.
The joke is that Germany is not the font of good fiscal management either as those fucker are carrying 85% debt to GDP.
In the whole scheme of things the entire world is far too leveraged. This means we will have to go through perhaps 10 years of really shitty business climate.
thanks to the guy who mentioned, the margin req increase, dumped gdx, @ 60, will buy back lower
Gold will not correct today. This will be the first chink in its armor, but it is going to keep going higher. Tops don’t happen that easily.
Today is the day to sell your gold trades however. Just not at the open.
I am starting a DZZ position today.
Don’t look now but Matthew Lesko, the free government money guy, is on Squawk Box on CNBC.
http://www.government-money-club.com/wp-content/uploads/2009/03/grant.jpg
$3000 for a refrigarator? That’s exactly what the problem is in the US. Spending to much money for things.
But it has a voice that tells you when the door is not properly closed.
And it has an Internet screen so you can read your e mail while looking for a snack.
Nano technology you know.
funny my kids used to open the fridge and look in to it, like it was a tv, so now its a …
tradercaddy, do u think if we would of passed a 4t spending cut this would of helped, in that italy, would follow?
didnt you just INSTALL that bathroom counter top?????????? what she do..drop a bowling ball on it?? shouldnt have broken that easy ….
“WHATTHEFUCKISGOINGONHERE?”
That’s why I visit to give you a heads up.
Soc Gen down another 8%ish. This will get truly uglified. Really fucking ugly.
I have a question for all those fuckers blaming bankers greed about 08. If Soc Gen goes down it will do so because of its large holdings of questionable sovereign debt, so are any of you fuckers going to question the greed of those states as well. by the way banks have to hold a certain % of their assets in bonds.
good thought but how much risk do we (us banks) hold? this is f-up as the rumor becomes true as countries pull out,
Morning losers. Prepare for death. HAHAHAHAHA!!!
wheres harry carey when u need him..
Dude, did you say that to your dad when you hosed him with that Faz loss in 09 and you ended up blaming Fly, had a huge dummy spit like a big fucking girl and pulled out of the “Mondays with devildog” blogging caper that fly nicely set you up with?
Man up you big fucking mary.
Futures negative now. Funny how things change overnight. I suspect we are in the mid point of the plunge. We will drop to 1010 on the SPX if not lower by next week. This is not the time to be long.
dont look now.
Any bounce today should be sold. If anyone wants to get long the market you are better of waiting for the SPX/DJIA etc to show strength. Start buying if you see the SPX move above 1150. Buy extreme dips but only for a quick trade.
good thought thanks.
hey what if as europe mkts fall they put there money in US equities…
If/when European markets fall because of sovereign debt contagion that would scare the shit out of everyone. J is totally correct. Armageddon will follow. Money will flow out of EU, but for sure not into the US equities. Check up last week’s flows: gold, treasuries, and CHF. Equity indexes fell through.
this is fucking hysterical… the entire global market is trading on Soc Gen’s fortune. If I was a big hedge fundi, this is what I would do… I would load up long or short the Spy, I would then go out and smash the living shit out of the weak side of soc gen, then I’d go cover my spy and close out soc gen.
That complete scumbag At Moore Capital.. Louis Bacon used to pull shit like that all the time.
Goldman makes WNR a BUY!!!!!!!!!!!!!!!!!!!!!
awesome upgrade….WNR get phat!!!!!!
where did u read that?
ditto
http://www.theflyonthewall.com/permalinks/entry.php/MRO;CVI;FTO;HOC;WNRid1390330/MRO;CVI;FTO;HOC;WNR-Marathon-Oil-and-CVR-Energy-recommended-at-Goldman
IBANKCOIN link on home page..upgrades/downgrades……
http://ibankcoin.com/news/2011/08/11/upgrades-and-downgrades-this-morning-89/
not showin on etrade, yahoo?
DevilDog just got cock banged by his Chinese gaylords.
went to all cash, wait fer the dust to settle, up 4.2% 2 day trade
fucking cracks flying!!!!!!!!!!!!!
http://www.bloomberg.com/apps/quote?ticker=CRK321M1:IND
There are predictions it will hit 50 bucks.
called dow 10600 last thurs, been in and out, got lucky w gdx, out last night. clf this morn,
Making sauce with low end red wine. Ugh! Rule #1- If it’s not good enough to drink it is not good enough to use in cooking. Rule #2- Never forget Rule #1. Rule #3- Life is too short to drink cheap fucking wine.
i like mad dog 20/20,,,lol..u r right!
if they make $3 eps this year they would currrently be trading at 5x earnings………..this stock is a screaming buy!!!
in my exuberance..forgot to mention that stock is WNR…