Although the futures are up this morning, I am not impressed. As a matter of fact, it may be a good entry point for some short positions. The only way Europe solves their problems is if they get Germany to buy Europe. The only way it makes sense for Germany is if they had control over enforcing taxes. Without an occupation force, the Greeks, Portuguese, Irish, Spaniards and the Italians will continue to live their lives through vagrancy and contempt for any semblance of honor.
My #1 tell is TLT. If it doesn’t get plugged, the market is going lower. Both silver and gold have been displaced as the ultimate safe havens by the dollar and treasuries. This is exactly what happened during the 2008 meltdown. I do not find pleasure in seeing gold get clubbed to death, despite my deep seeded disdain for the ancient metal. But you fuckers who horde that shit have it coming in the worst way possible. Before sovereign governments go insolvent, they will liquidate all of their retarded precious metal assets. By the way, hedge fund managers will be forced to sell too.
Anyway, I would love to offer you jubilant news of Rick Ross sponsored cocaine parties and gorilla boulder smashing contests. However, things do not seem normal to me. Regrettably, I am without an edge in this market, after spinning myself stupid over the past two weeks. The penalty for my misguided market position has been 10%, over the past two weeks. Just a short while ago, “The Fly” was at all time highs, bragging about abducting farmers in 0hio and releasing them into outer space. Now I am up just 4% and in desperate need to find the next trade.
With God’s good grace and a little mathematical precision, I will be back on top, just prior to Thanksgiving. But, for now, I need to eat sandwiches and avoid stepping into custom made European murderholes.
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F.I.G.
‘le fly is in 90% cash rally’ is back on 😛
“With God’s good grace ” …. did I hear you right? did you have a relevation [sic] over the weekend?
Who is God?
http://www.futureofmankind.co.uk/w/images/a/a7/Jehova_by_semjase.jpg
^^^ That is Kris Kristofferson in a bathrobe.
I was thinking more Jeff Bridges in his latest “down on his luck country singer” role.
IOW, a part that prolly should’ve gone to Kristofferson, lol.
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Ah, but The Dude had a shorter bathrobe.
That’s the tell.
Well said Fly.
Play us some “Silver and Gold” from Rudolph the coked up reindeer…
Be vigilant walking the dog through strange pastures. That squishy on your shoes stinks as bad as a Fibo chart.
My wife works with a woman who owns land in Greece. She is still waiting for the invoice for the 2010 taxes she owes. They have apparently changed the tax code so often the government has not even calculated what people owe for last year. So the situation is even worse than just not paying.
NCT own it.
Unfortunately the next big trade looks like it’s the dollar itself.
That doesn’t bode well for account values and ROI statistics.
The CNBC Cramerites – like Fly- don’t like today’s apparent early strength.
neither do i, theres’ a fake of some sort goin down.you have the faber/soros morons giving conflicting thesis on pm’s,at the point that some issues were down badly enough that holders were dumping before the open,and then turn green at the bell.now there’s’ two asshats i’d leave in a bad hood at 2:00am with crack heads walking around
AAPL IS ABOUT TO GET KILLED FOLKS…HOPE YOUR READY
SOLD SHORT
Status of order: Executed (Executed Price $397.35)
$394 jumped off the plane! THAT THINGS GOING DOWN!!
Recall on Friday before the close I mentioned taking a flyer on AAPL put options and T.Nymph said that $404 was a point of resistance.
Feeling a bounce was in order in the overall market and AAPL down $8 this morning, I sold those options for a small gain.
Perhaps not such a good move.
If you look at AAPL last week it has a failed break above the previous all time high of $404. If also retested $404 on friday before falling today. In my opinion AAPL moves much lower from here out. When the strongest stocks start to break down is when this bear market will really get started. I believe that is very soon.
IMO I would say APPL hits $360 before slowing down. I could be wrong about that, but Ill stick to making a couple dollars here and there till then.
Holy fuck…You see that rally in Apple? Glad I didnt get my head ripped the fuck off in that one.
silver hit 26 in overnight trading rofl
Is that where you shorted w. your paper trading account?
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spy gap fill then assess
damn… got out of those puts waaaaaayyyy to early… oh well, i’ll take the win…
Hmmm… it seems some are a bit Ursine w. regard to silver and gold here.
How very very disappointing… 😉
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not me bro, hedgeing my gpl w/ zsl now…just startin to kick back in. still holden all the phys.
I think a lot of other people are feeling the same way. Look for a -300pt “Head to the EXITS!!!” day.
Now it’s becoming apparent just how retarded today’s globex session really was. 🙂
Until the machines are turned on in the morning, you can’t trust any indicator.
‘le fly is in 90% cash rally’ is back in jeopardy 🙁
i wouldnt be too quick in assuming that,it’s still way to early
you’re right!
‘le fly is in 90% cash rally’ is back on! 😀
Everyone was so bearish, I had to go long…
there are no safe havens.
Yes, TLT is the #1 tell. While people are doing “the Hugh” in the streets of Paris and I am tap dancing on the face of inflationtards everywhere, you should be shorting equities if you do anything with them at all.