I think it’s time to introduce a little self examination into the blog conversation. My opinions, as well as yours (especially yours) mean absolutely nothing, with regards to money management. While you may believe in a thesis or an idea, at the end of the day, your opinions must form around reality, else your money will run out.
Case in point: I am very much interested in seeing the prospects of gluttonous silver miners routed from public discourse, via outright bankruptcy, of the most horrendous variety. However, these same piggish individuals may endeavor, through steadfast determination, to see my short position dissolved through my own insolvency before that of their own. It is my job, as a member of the investor class, to foresee such an incredulous event and cut losses. Sometimes I cut them slow, others times with great expediency.
Some believe my opinions are too malleable, easily molded to conform with current events. However, it is this flaw that tends to be my greatest attribute, oddly enough. I’ve been a horrible forecaster with regards to investment philosophies, over the span of my illustrious career. At times, my thesis can be exactly the opposite of what needs to be done. However, I’ve managed to make a great deal of money for my clients and even more for myself, thanks to the law of large numbers and multiplication.
Think about the amount of money you’ve made in your finest year and multiply it by 10 to get an idea of my annual take.
Back to my point. You mustn’t pretend to be a great philosopher or fortune teller of the market. Instead, march with bold strides and keep a hard exterior, while remaining a humble student of it, consistently demanding more from your efforts. It is not enough to simply try hard. You must finance your education and dedicate time towards your struggle.
Opinions are fun and serve as points of contention for market participants to filter and gather conclusions. However, they should never be viewed as gospel or de facto blueprints for long term investment plans. The world is dynamic and correlations are in flux, lending to instability.
Often times true knowledge can be ascertained through the study of actions, both by 1st hand experience and through the examination of others who know what the fuck they are doing, unlike your dumbass.
In short, you need to shut the fuck up and watch the pimp hand, in slow motion, as it rains down a handful of stinging pain on your fat faces.
Good night.
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I duked it out one time with a redneck that wore a T-shirt that said “If I want your opinion I’ll beat it out of you” I always found that to be humorous, but true…
Did he get your opinion?
The Fly is God
Sir Fly,
I will be in the environs of NYC next week, and would consider it my honour ( SP ) to have you as my Guest for a Luncheon in your Honor……
… the fuckin’ MARKET trades UP then DOWN … in a 3 to 5 day rhythm people !!! (give or take)
For fuck’s sake … wake tha fuck up !!!
All this fucking over analyzing is truly becoming quite funny !!!
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In The Land Of The Blind … The One Eyed Man Is King !!!
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BANNED
I was speakin’ rhetorically !
NOT directed at you !
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A mere 48 hours ago you were telling me to “never change” … SHEESH !!!
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WTF ? 😕
A bit confusing !!!
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People come here for a variety of reasons, but most to learn from Fly and in fact, respect his opinions to the point of paying for his advise.
Your condescending posts pre-suppose that you have a fuckin clue, that you know something that us idiots don’t.
3 to 5 day cycles (give or take)? That give or take a day could be a 500 point swing. Go suck a dick.
Just like the market.
Banned!
Want me to flush him down the shitter?
I wouldn’t expect a person of your dignity to get his hands dirty.
One of the best proclamations of all time. True Dat:
“In short, you need to shut the fuck up and watch the pimp hand, in slow motion, as it rains down a handful of stinging pain on your fat faces.”
Yeah… that…
Or just watch the dollar.
___________
Market has a downside bias, with a key support at about 1142 on the SPX,that is a fibo moving average on the daily multi month charts which has provided support since early August. Following the Advance-Decline volume of the NYSE I see a resistance volume of a mere 45,000,000 which could be tested near the open, and a downside support of
-615,000,000..which if it tests that tomorrow, I should get my break under that key fibo MA I am watching. That breaks the Wedge all the T/A’s are watching and my nice drop can take place. We are sooo close. Shanghai Copper Futures are down hard tonight too..for Gold, The Swissy is getting to that 1.2000 level that SNB jumps in so it could be a bit bumpy. I know I am in my crazy little world..but sometimes it is actually correct.
I wrote the above during the asian session when futures were up, fwiw.
FWIW, yes we opened and got that resistances test of the volume within in our first hour of trade. Since then the market has been fading. eur/usd kept 1.3700 resistance also.
the market has
Deficit Attention Disorder,Magnus…
I can only surmise that yesterday’s surprisingly loopy commentary was a direct result of you having banged your head against the wall one too many times. This is perfectly understandable in a market that aims solely to fuck with our heads. Hope you are resting comfortably today.
Sorry for the opinion but get out of ZSL and go buy PAAS or SLW.
Stronger markets will buoy silver (less liquidation fear).
Gold not so much.
What about health advise from the friendly community pharmacist?
Did anyone see that fat tea party bitch ask why health care costs are so high at the GOP debate?
Maybe because you can not prevent stuffing your face on a path towards type II diabetes and the necessity for a lift chair.
Rick Ross has a large position in WNR. Just learned last night.