I am still sitting here, with my tall glass of water, watching my holdings decrease in value. I must admit, I am a bit disappointed by the action thus far. I was expecting a 4-5% sell off in my positions. But with my 30% cash position and 10% TLT position, I am only down a mere 0.8%. God willing, the selling will accelerate as the day progresses, properly punishing “The Fly” for ignoring his own algorithms. Since it’s in the past, I will tell you: The PPT flagged OVERBOUGHT on Thursday, making that 7 accurate signals in a row. If you really want to annoy me today, just ask “hey Fly, if your PPT is so fucking good, how come you don’t use it?”
Go ahead, I fucking dare you.
My only solace is seeing gold trade lower. The dollar reigns supreme, pissing on all currencies around the world.
Gentlemen, we are in the midst of a pervasive and severe deflationary vortex. US citizens now have a record $10 trillion in bank accounts. US corporations have over $2 trillion in cash, the highest levels as a percentage of market caps since the 1960’s. I am telling you now, The Fed needs to “create” more inflation. Quit looking at oil and gold as barometers for inflation. The credit markets are absolutely broken, expressly detailed by the lack of home refinances in a super low rate environment.
The only reason why I have 10%+ of my assets in TLT is because we are in a deflationary vortex, duh. However, should the Fed step in with a trilly, in a new QE, I am getting the fuck out of treasuries, in favor of equities.
As long as the European buttfuckers keep the world on edge, this fucking bullshit will persist. Until a resolution is reached, trade the ranges and survive the death tape. “The Fly” is punished right now and is unable to trade, until his penance expires.
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My only solace is seeing gold trade lower.
Don’t look now, but the miners are saying “solace interruptus.”
_________
Don’t you have work?
LOL.
You know I’ve always got time for you, kid. 😉
____
Sir Fly, like the Gint, I also always have time for you …
don’t look now but your “solace interruptus” has been faded …. Puff!
I think the Clam is afraid of getting “Rick Perry’d”, hence no QE3.
Magically, the Clam will be retained, no matter who gets the Oval Office in 2012.
Unless Hugh Hendry is available.
________
Imagine the board meetings with Chairman Hugh going at it with the rest of the board. I reckon there would be fist fights and end up calling the secret service to stop it.
The Clam fears nobody.
Plenty o’ time to snaffle some Skiffles, too.
_________
Clams don’t have eyeballs.
Don’t tell Alf that.
ALF IS SHORTER THAN WEBSTER!
A clam is a clam is a clam.
What you say Willis?
Well said sir.
Next step for PPT is some kind of market condition analysis that determines how to interpret the signals based on trend/trading range etc. I thought Danny’s indicator might have been a good combo
Meh I totally screwed up the read as well, thought we might be going into one of those random melt ups where we get really overbought. Now there is no edge whatsoever
What about DECK? Ripping up in the midst of sinking ships.
“The PPT flagged OVERBOUGHT on Thursday, making that 7 accurate signals in a row. If you really want to annoy me today, just ask “hey Fly, if your PPT is so fucking good, how come you don’t use it?”
Go ahead, I fucking dare you.”
What if I said I do and scored every time? In fact I follow like those adherents were following Jim Jones.
Fly how come you ignored the ppt
ARGHHHHH.
Sir Fly, you are human after all, you piss and shit and fuck like all of us, right ???
Dude sell GSVC and WNR man. They are gonna tank and it will drain you. I’m concerned about your assets do some TA! Both stocks have had their buying climax and they have topped out months ago. It’s a downtrend from here cut your losses and move on.
I sold most of my WNR last week. It is just 5% of my assets. GSVC is not very big as a percentage of assets.
Oh, I thought I warned you about offering me financial advice?
BANNED.
Marksman is dead, he turns from a marksman around and becomes the target, fuck …
Fly-Sama — “because the PPT is so freaking good, I respected the OB signal and bought EDZ Fri and sold this a.m. for a nice 10%+ in 4 trading hours”. Domo-arigato.
This is not advice.
This market is as fun as my daughter’s 2-year molars, which are “erupting”.
Where’s Zombie?
Sorry to break the news to you.
Hey dude… Fly is no longer God.
The PPT is God.
This is like the date that Skyynet went sentient!
_______
Lol
Didn’t skynet start a few months ago or some shit like that?
Told you guys ppt was oversold !! Now we need another 300 pt off before I go long
Can the paying PPT community please get a ban here?
New bans should go as such, “Before you say anything prepare to shut the fuck up.”
like us plebs didn’t know the market was overbought … sans sucking on the teet of the PPT … LOL!
California grocer unions provide excellent friction on WFM’s competitors. There’s lots of open air above $70.00
Inshallah the deflationary vortex will suck every champagne socialist around the world into it and I will be left holding the last treasury bill and doing my special jig.
Hugh:
Is this really you, the hero that gave that fucking moron stigliz a thorough hiding or just someone pretending it’s him.
Say it’s really you, hendo.
If the Greek’s + Euro-Zombies, along with the Great Panda, a Obama Speach, and further fears of Recession / Job losses etc. can’t take us down more than this…. I’m going to need to start going long…
I’ll ponder on it till about 2, and if we don’t go down 4%, I’m going to finally put 10% to work…
these are the sorts of headers that frighten the shit out of the average investor.
“US Stocks Decline Amid Concern Greece’s Crisis Is Worsening
BusinessWeek – 1 hour ago
Sept. 19 (Bloomberg) — US stocks fell, following the longest rally since July for the Standard & Poor’s 500 Index, amid concern that Greece’s debt crisis is worsening.”
But seriously, what’s so fucking different from Friday? Of course they’re fucked. However if it’s a controlled, manageable default it isn’t that bad.
May 2010 I wrote the piece on AAPL, indicating the two fibo levels..278ish and a crazy 404ish..that AAPL is back at 404ish today, that is what the dip buyers are buying…a Stock at a MAJOR Fibo resistance.
Nymph.
Fibos are bullshit. You could lose your bra trading off that.
J, Fibos control everything in Nature..including this market..
“F” your stooopid fibo lines
Today, the Gay AAPL has a close to open levels at 399.98 and 396.61..the fibo levels are 423% at 411, the 261% at 405.58ish and the 161% at 402.10…right now on the minute chart its trying to hold the 55MA resistance with key support at 407.77ish which is the 89MA intraday..and that break under it will be it for AAPL. So much of this is hope for the Clam this week..but the real players are not running up the AUD/USD which says that gossip around the Fed may not be there at all.
trading nymph, are you the trading Goddess, I need to see your pic …
Jose, I posted it once and Jake said I looked like Bjork, lol, ouch, but he actually likes Bjork. I am not the Trading Goddess..the blogger or Cramers Ex. But FWIW, my name was inspired by them, I am no goddess, but a mere Nymph,a Mystical Spirit stuck in one location.
278 to 404 is a 45% move… that you missed… again.
The Great Ben Bernanke is going to have you turning tricks on the corner before this is all said and done.
QE sucked the big one last year.
You want to see some crazy shit, checkout the intraday chart on ANV since this morning…
Yeeee-haaaaa!! Ride ’em, Crackboy!
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Alf, you still 80% short?
.
.
?
Why so quite today?
Not sure what is better, this sell off opportunity to get longer in front of the Clam-cakes.
Or watching Alf’s 5% gain tumble into only a 1% gain…shoulda, woulda, coulda.
Go ahead and get long big guy. We’ll see how that works out for you. You don’t have the balls to buy stocks here and you know it so stop trying to act tough.
Anybody else own KAZ and can tell me what they think of the latest news; company sells and the stock delisted, 2 payouts to stockholders over next year. The stock is up a bit today. Hold or get out now with a small profit?
Never heard tell of anyone who went broke taking profits.
had some awhile ago but dumped on the news that the majority owner of the stock (MIE) was gonna buy their only asset on the cheap and holders had no chance of defeating proposal … majority of payout goes to MIE along with the oil rights now and those waiting for their share of the cash will see the stock go to $0 … JMO, GL with your decision but I’d take advantage of the bounce to preserve capital here in lieu of holding on for the pittance in cash.
Thanks Teahouse. And one more question… Why do you think there’s a bounce today on the news, rather than a sell-off?
Confirmation of the payout … it’s all investors have left to grasp to though they must wait while the company is in essence in liquidation and don’t know how much or when. If you try to sell shares after delisting the spread on the bid/ask will usurp your cash payout IMO … there are no assets left other than hopes that the payout turns out to be more than the current price of the stock. But try to get out whole when the biggest holder/buyer is the guy that owns the majority stake and won’t pay a premium for your shares … who else will?
Thanks again!
They might as well de list all stocks and just allow AAPL to trade.
Soon as they kick the prop out from AAPL it is adios to the last bull standing.
up we go.
Nice call
“death tape”__ love it.
fly,what do you think,or why would people put monies in bank deposits knowing they will get nothing in return. cause all the deflation that i see,are for things people really dont want.
Hey assholes,
The greek default is priced in. Its no big deal. can drink a 40oz of olde E and chill out.
regards
chuck
Italy and Spain are next
The Fly has become so negative that I have begun referring to him has Flyler Durden..
all my shit went down today, except my girlfriend, fuck … I need a job, real job or blow job, just give me one …
As I predicted before.
We will be at war with Iran in the short term. Watch and see. Its gonna be the next bail out
regards
chuck
Well I have to say I am thinking of a sub to the PPT after I have read several times its like IBD on steroids and steroids make everyone feel better and I like the seasonality and updates coming.
I have to ask “hey Fly, if your PPT is so fucking good…” nevermind I would hate a class A ass-whooping in trading but on the other hand if that pisses you off enough to come to PA I would take you take you to the local dive for whiskey where you could tell me how to trade this cluster fuck of a market. Either way thanks for the updates.