Fucking cowards. I was willing to sit at my desk and lose 5% today, amidst a barrage of unforgiving sell orders by the prescient bears. Instead, I lost less than 1% and the bulls fucking steamrolled the bears in the final hour of trade.
Prepare to be kicked in the balls, then decapitated, my ursine enemies.
There isn’t a place in the world you can hide, as The Clam is an expert at hiding and knows where to look.
With just two days before your funeral, ask yourself “what shall I do in my final days?”
As for me, I sold some non-essentials, eyeballed some other shit, made arrangements to buy more equities. My only problem: stocks aren’t cheap enough. Aside from GSVC and CIEN, I am up or flat on all of my positions, so there isn’t a great sense of urgency for me to do anything. At a minimum, I will sell my TLT and throw that money into a fucking flaming barrel of garbagio aka “stocks.”
[youtube:http://www.youtube.com/watch?v=J6ZWlDks0nQ 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Would today count as another time the night time futures predicted Armegeddon yet the bears never delivered?
They managed to drop the S&P by 1%, so I’ll give them that, but they also had Obama speaking – that’s almost always good for a 2% decline.
Bears are weak.
I thought for sure an Obama speech at 10:30 was a surefire opportunity for an additional 200 point market drop, but it never happened.
OEW Daily Recap:
“The pullback this morning took the SPX right down to support at the OEW 1187 pivot. The pivot held and the market rallied, in a zigzag pattern, for the rest of the day. It certainly looked like we had a Minor wave A down to support, then a Minor wave B rally for the rest of the day. Yet, the potential Minor wave B went further than expected. Thus far, from friday’s SPX 1220 high, the market has pulled back 32 points, then rallied. We would expect a larger pullback if this is indeed Intermediate wave B. Today’s action makes the short term situation a bit tricky. Short term support is in the low 1200?s, then the 1187 and 1176 pivots. Overhead resisitance is at the 1222 pivot, the low 1230?s and then the 1240 pivot.”
Oh, yeah …. FIG, long live the PPT
By disciplined obedience to the PPT, my wanna milly account has moved from $16k to $28.9k. Shorted market with FAZ calls into the close on Friday and cashed them out this morning. Then went long AAPL, LULU and FAS calls with a little left in cash.
As gawd as my witness, I will make the 1 million.
you are going to blow up first…
Based on those numbers, that may take a while.
good set up for “head fake tuesday”. unless greece dies tomorrow,it should be a green day
anyone going to Greece’s funeral ???
Grease is slippery enough to dodge default.
It’s not Greece that will be the slippery ones it’s the bondholders who want the risk free trade and will get it… or else… don’t even ask what because the world economy is not ready to hear how far the money junkies are willing to go.
Hilarious listening to Bill Clinton talk about womens rights..
You know Clinton’s a “Gonna-B”. U wut’s Im talkn’ ’bout, His Pimpness, Slick Bill(U) Pre$ident Clinton once Hillary gets involved in “human (esp. women) trafficking” post her current Secretary of Vacation.
Though I should amend that, Secretary of Time Share; Presidente Hussein Whose Borockin’ Yo Bama already has had a head hunter (post-2012) secure said SoV as his future title.
English please.
But did you listen to what he said about Obamacare?
It’s the first time in decades that a healthcare provider has cut rates!
Sure Jake will argue that it’s just another gov’t reg restricting profit margins in the private sector but healthcare costs are responsible for a good share of our runaway costs (private & public) and what’s wrong with them operating like utilities? Guaranteed returns, increased profits from efficiency and mergers make them sound dividend plays going forward.
http://ctmirror.org/story/12550/aetna-seeks-cut-health-insurance-rates
Dudes,
Where are the thumbs up and down?
This comment is in depserate need of a thumbs up and is ready to roundhouse kick any haters to the face!!!
I can’t bear it any longer, what’s “ursine?”
Ummmm, maybe I’ll regret saying this, but this is the first Coldplay I got the shivers on. Yikes.
it is urine, not ursine …
Joser, was that your mom I saw on a reality show called BangBus.com?
if you can tell me what is the tattoo on her chest, then I can tell you if she indeed is my mom …
Ursine means bear like. For gawd’s sake, dontcha have a Google box?
___________
Gint, what is a Google box ???
It’s the little google toolbar you can download off a million different sites.
It answers all questions…
______
ursa majoris is a constellation meaning “big dipper” also known as “big bear” or “large bear” or “major bear”
oh, it’s ursa major and it means “larger bear”
http://en.wikipedia.org/wiki/Ursa_Major
I assume shivers listening to Coldplay is a bad thing?
Livermore, the thumbs got cut off by Sir Fly …
may be he will put the livers up instead …
You know you are gay when:
You listen to Cold Play
BANNED
YOU BANNED VINCENZO??
_______
(if it was for losing Part II of the Rashoman Case, then forget my wild-eyed incredulousness, above)
_________
Is this why we no longer have the thumbs up/ thumbs down?
Check out woot.com today…
MVIS Pico P for $100 … how’s the stock doing? Has APPL ordered any?
For a single unit, or for all the technology and fixtures?
Yeah I got long some shit today.. First time in about a month.
havent done shit for a month either myself. sold some gss last week,that was it. shit market,shit tape, shit sammich.
Yeah the way futures are looking now I should have sat on my hands.
Coldplay?
Whatsamatuh? Did you start to link to Gwenyth Paltrow’s “Country Strong” album but found that it made you too weepy?
ROFLMAO!!!
_______
Lay of FishSticks. She’s UCSB alumni. Plus, her body, YEAH BeBe.
Saw a joke on the interwebs: If you pretend Kevin Spacey had just seen “Country Strong,” “Se7en” has a happy ending.
I can see where this tax on the rich, is a wrong move by Obama. I would be mad also if I saw how they handed out money that didn’t lead to any job creation, and now they want my money to cover up for their bad decisions. Wrong. Socialist.
Mega-Spam-Tech-Thumbs Way Up
give them your money if you are not leaving it to your kids …
599 thumbs up.
Cash position now above 50%?
cash position – zero, equity position = zero, I just have no fucking money, period …
LOL Fuckin’ eh … nice post !!!!
I almost fell out of my cheap ass chair from Staples that smells like ass after reading that …
is two and a half men new season starts tonight, I hope it does not come in conflict with my Monday Night Football …
The bears are weak and annoying, much like Alf!
alf- fail-alpha
Well, the way this thread’s going, back from LA, c yaz in Vegas, time for fav. cocktail waitresses, and, uh, yeah, bringing production studio of camera! L8!
Lock limit down tomorrow !!
Where’s Alf? Was he mistaken for a bear and now hangs mounted above a fireplace?
I get your lack of recent profits ,but “Coldplay”, now you’ve crossed the line!
I hacked up a clam today while roto rootering.
Ummmm?!?!……. Nevermind!
Did the futs just tank because Italy got downgraded or the buttclowns in Europe are having bad phone sex?
Bueller?
italy the next shoe to drop or should i say boot
“Bring out your dead! Bring out your dead! S&P downgrades Italy. Futures plunge.”
Sheesh, blowouts and swans abound around every corner
Italy downgraded by S&P.
You’ll get your ball kicking tomorrow Fly.
I cannot take the picture of Sir Fly’s baltz swinging wildly after the quick …
“liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate… it will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”
what is a more moral life ???
okay, I will get my escort fix once a year instead of once a month … not to mention I am almost broke …
Hmm. What do you mean by liquidate?
they should downgrade the whole fucking Europe and crash this market …
Last time S&P downgraded a European country, S&P offices in Milan, Italy were raided. I’m sure contracts are being put out of S&P staff as we speak.
Most of the time, you’re spot on Fly, and I wouldn’t bet against you. But, the banks got slaughtered today and the Central banks are actively supplying dollar funding to Europe. Something big and ugly is afoot is my humble opinion.
Bulls just doing their mindless buying the dip on any news possible. Tonight I have the RBA minutes and more importantly, the German ZEW survey which should be ugly. Bottomline, The Shanghai Copper Spot is now at a six month low and going into the Holiday slowdown period…AAPL above Fibo high just amuses the heck out of me. Market is falling apart and for the Clam, well he is going to be slapped over his head with his Spine this Wednesday.
Oh and the downgrade in Italy too.
I think China was buying apple today along with Intel. Selling USA bonds and/or trading dollars to gain a higher stake and/or control of usa multinationals as planned. They buy em directly and indirectly kind of like our government does only difference is intentions. While our government wants to push them up or ease the falls, China wants to scale out them stinking dollars while gaining a greater influence in our important. Companies.
inandout, If AAPL was their choice, then why have they been selling down their own market for months? I think AAPL buying is the same I saw in 2007, every bull is holding it, and the market finally collapses when it it sold.
nymph, what is your trading position ???
SMN, FXP, DRR, GIVN, AUY, VXX, FAZ…physical gold/cash, bonds.
AAPL amuses you, dreary data consumes you, what do you do for relaxing fun? FIBO charts?
Ruggyup, I have found in life that you can’t pick your passion. This is my Nirvina, like a painter, writer, actor..this is what I love to do. It always relaxes me and is way too much fun. I have no idea why, but it just is.
Just saw Obama’s motorcade in the upper east side….. Unfuckin’ real: they use full gravel trucks as road blocks. Lots of rich folks pissed off at not being allowed north of 77 th ave… lol
“and for the Clam, well he is going to be slapped over his head with his Spine this Wednesday”.
^^^
Very funny chit right there. FLY-esque if you will
Thank you futures.
I am a sooth sayer.
The Chinese will not invent cold fusion. Rather, they will invent a self-microwaving General Tso’s chicken burrito. It can be grown and harvested in any climate, in any soil, and only requires the touch of a human to heat. Its seeds will be dispersed freely throughout the planet, and world hunger will be ended forever.
The New York Giants will become the most hated team in the NFL after flopping to slow down a no huddle hurry up offense of the St. Louis Rams… oh wait…
the Rams are so fucking stupid it is unbelievable, the lost a punt and a fumble and gave up 14 points, they could have punched in 2 times and all they got are 2 field goals, it is so fucking pathetic …
I am a sooth sayer.
The Rams will rally to win tonight’s game with two defensive touchdowns in the 3rd quarter.
Shaddap.
__________
I was wrong, and will never say anything ever again about anything to anyone. I did not see this coming, and my worldview has been shaken to the core.
I am not a sooth sayer.
today must be my lucky day, meeting an ultimate optimist via Sir Fly …
Well first to gain better acces and control in our companies. Second to diversify from dollar. More from a strategic standpoint but also as a investment,out with us dollars and treasuries to over time scale into hard assests and big foreign
companies.
(In reply to nympth) in my own oppinion as for their own market they use it as one way to liquidate foreign investors. Basically one of their ways to make foreign money theirs by distribution of government owned shares on the inflow of foreigners mainly the USA. One quick ex. Pushing their say Adr shares down by selling usa market opens with them gapped down we lose and so again.
Wadda catch…
Hixon? Yeah.
______
Europe about to give us another dip to buy.
S&P Fut taking a dive, o oh
Get in the funnel
yeh i agree
get in the funnel bitch
Since when is -10 or so on the /ES a huge plunge?
When the dipshits at S&P downgraded the US debt, the SP500 went down 80 points the next Monday. Italy is about 1/7th the GDP of the US. Maybe we go down about 11 points tomorrow? Oh the fucking horror.
its a signal to look for profit taking, about 3-4% in coming days.
theres still lots of tomorrow left…
This hope cards end is coming to fruition. The market Is going to correct itself. Pathetic, incompetent government will NEVER fix this, Germany said it best, with a polite FUCK YOU..