Remember when I warned you not to listen to people talking shit on the teevee and the internets, declaring the end of the markets are near? Well, those people are inside of an inferno funhouse right now, struggling to keep their skin in the game. However, on the other side of the spectrum are clowns shooting themselves out from carnival cannons, always bullish, often wrong.
Despite what many of you believe, especially newly minted readers, “The Fly” is not a permabull. As a matter of fact, on occasion, HORATIO CLAWHAMMER makes an appearance and he enjoys to see the world burn, if only for a short period of time. Having said that, I am not bullish here. It’s time for a breather. If you do not allow yourself to chill the fuck out, you’re gonna die.
Go bake in the sun, drink yourself retarded.
I’ve taken this respite to go to cash (60%) and hedge my personal accounts with TZA call orders, specifically the Sept 40’s. I will buy them in 10 contract increments until the market breaks. I suspect we have 200-300 points of near term downside and I have little interest in losing money on fresh longs.
Like I said before, there are plenty of stocks tempting me. I will share my buy list inside of The PPT this evening. However, I am always careful when markets tempt me, always a trap of sorts to saw my legs off and hack away at my scrotum.
No thanks!
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Why are futures tanking after hours? TZA 40.80.
because of the PPT overbought reading 😀
PPT readings are not permitted to be discussed on main site.
Makes a lot of sense. Sorry about that.
Ironic name… giving away “the fire” to the small plebs and all that…
Of course, you should now prepare to have your liver vulture-chomped.
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Leg sawing! Scrotum hackery!
As always Sir, lmao at your gift of vivid imagery. Scaled into some TZA near close as well, tyvm.
200-300 points on the S&P? My thoughts exactly. Our time is now.
Intraday, this market is a meat grinder slot machine, until after labor day
Best to lock in some swings ( especially long EEM/EDC sector) , and come back tuesday morning.
In the meantime, you’ll have better odds playing blackjack. Volume is just too low.
You can overanalyze whipsaw all day, but all you’ll see is a sailboat
http://www.youtube.com/watch?v=G_f8ayQQx4I
Best market metaphor ever
The Clam did it to me…again…but one year later.. only down 16%…Pomo..is for Homo…Eurass/USD to weaken…especially tonight when figures for iron ore stockpile… is released…6 more months of bank trouble…and my FAZ will be even going back to Sept…the Bearded Clam to visit China next week… and will beg for forgiveness…watch Shanghai copper tonight…copper being stolen for rafts down the big race down…Yangtze River
What’s your target for WNR?
25
I think it will be this Thursday when we have a decent down day with the ISM report under 50.
Poll – Thumb up if you think The Fly can bench press 275lbs, thumb down if you don’t.
he can probably do it, but he never will. he leaves lifting everything to his assistants, drivers, and movers. that includes free weights. he does keep in shape though, but with space alien magic that is not understood.
i will save you the trouble, i cannot
Thumbs up if you think JakeGint can bench 275.
Glad you can though. You wont have a problem moving his new sub zero in the house for him.
If I buy a year of PPT tonight will I have access tonight?
No, you will be subject to the ten day waiting period. Access is subject to a complete background check, urine sample and a 5 page essay on how you think the PPT can help you.
LMAO
… but more seriously, your account will be activated as soon as your net worth is validated.
I hate permabulls.
Yup, just remember August, Le Fly. Your abandoned your intuition and chose not to do the Hugh Hendry, much to my chagrin, and yours too.
Besides yourself. What swing trader do you respect more than any other fly ?
ChessnWine and RC
I would imagine Fred Astaire and Ginger Rogers have to rank near the top, also.
Forgot the video clip.
http://youtu.be/mxPgplMujzQ
Let’s see RC and ChessWine do that.
… whattabout Guy Adami ?
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😛
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I like Guy Adami, but everyone knows that Joe Terranova is Fly’s favorite on Fast Money. Especially when he talks about “Chiner” (aka China).
If a thumbs up is a high five and a thumbs down is a punch in the face in the real world; I wonder what most of you assfuck ratings hacks would really be like in person? I would love to meet some of you vaginas……..Not so bold face to face are ya? But hiding behind your Macinlaptop Dateline child molestor virtual chat room- you’re the fucking man aren’t ya!
I’ve read some douchebag commentary on this site with thumbs up and some great writing here with thumbs down and it makes me wonder what kind of autistic fuck is punching the keyboard? …. till we meet on the street fuckface!
Your handle is apt.
Sometimes I rate down good comments just to be a douche. (especially when they express their dislike of thumbs-downs as part of their comment)
i grew up in the streets mother fucker. so whats the fucking problem.dont you know jagoff’s come in all shapes and sizes..wtf i consider my self a prince, and i spell prince…PRICK,prince… when this dick head realizes that thumbs up and thumbs down is for fucking dildo’s, he’lll get a fucking clue.in the meantime stfu
Hey drummer, how are you? Funny how the comment button is taken so seriously here when it is really just a form of entertainment. Instead of ranking the comments section, the blogs should be rated.
I have no idea what you just said.
he said get drunk. so i did
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Tomorrow … We Dine In HELL !!!
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fuckin you will,but this alter boy is in haven
New Haven?
I’ve been in worse places.
East Hartford, for instance.
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Waterbury …
sugar heaven.
http://honorverse.wikia.com/wiki/Republic_of_Haven
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SHORTER … than Verne Troyer !!! fwiw
8)
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Not very much.
…git back to your shoeshine stand, and show some respect !!!
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Looks like alf44 will be getting a well deserved squeeze today!
You are correct.
Holy shit! a Eureka moment….Fly’s title of this post really does say it all.
I get it now…I just didn’t realize how many of you are out there! Holy shit- It must suck to be you.
Yikes!, thank you, good sir, for reminding us that the internet is serious business, and that internet tough guys like you will help keep order for all inhabitants of the world-wide series of tubes.
If there was an internet Jedi council then you should rightfully sit on it: just promise to keep that anger in check (you know, the Dark Side, and all that…).
We have investigated the thumbs down culprit
And will be disclosing said addresses to the gentleman Yikes.
As you were.
Fine! I admit it… The pressure is too much.
I admit to “thumbs downing” almost everyone of Razor’s posts.
Oh, and Trading Nymph gets a fair amount too.
I have written a short CPython viral loop that gives Alf 3 “thumbs down” every time he shows his cyclopean head.
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Hilarious and awesome.
Sitting at 22% cash wishing it were a lot more!
You can make it more anytime you want, just put orders in to sell your stock, it’s pretty easy. When I want more cash, I sell.
Selling at a loss is not what I had in mind!
Thanks though!
Your welcome. You can take that loss in one position and make it a gain in another. or prevent further downside. You already know this as I’ve read your posts.
Dick Cheney and all the Republicans should burn in hell. The 10% that control 90% of the wealth of this country should be stripped of said wealth.
random commy bullshit
Typical progressive-liberal compassion for others– “burn in hell motherfucker!”
Strip this Dave, nimwit.
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Fly, hope the wine cellar is secure. Any nice purchases lately?
I haven’t been drinking much in recent months.
nobody even wished Worn out Buffet a hapless brithday
Dave just did.
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Pimm Fox @ Bloomberg did …
Lemmings…. tripping over themselves
Flydude…. You will be no good with peg legs and Madam Fly has no interest in a man that would hack away his scrotum. Patience and being loyal to the PPT seems to work fine for me. Let the breather begin……..
After all these years of being a member, I have always pondered if Mrs. Fly ever looks at the blog…. Does she?
Bring the gold fuggers, It’s Leprechaun Tyme!
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Mrs Fly never, ever reads.
i bet her girlfriends do. and their spouses’, rof
Pretty funny. My wife never does either. Even when I ask her to look at something for me.
It’s like she’d rather not know. She doesn’t take any interest in the account statements either.
Never has.
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I am 35% CM, so I expect to win today.
HEY OH!! Hello CDN banks again! I celebrate today!
Boy! Futures don’t seem to be indicating Overbought!
adp.