“How did I prepare myself for the crash” will be your final words. In a few weeks from now, when the markets are significantly lower from today, you will remember the words of HORATIO CLAWHAMMER aka “The Fly” and regret heeding his warnings in favor of some dicksucker on Twitter. I have less than 10% long exposure, 20% short exposure and the rest cash. Perhaps today isn’t an optimal day for me, with regards to my position. However, the whole point of my position is preservation of capital. With that in mind, I’ve done my job.
All of the stocks I am short will crater, as sure as I am sitting here, especially EXH. These things take time to develop, something people will ADD are unable to comprehend. You’re much better off eating cantaloupes in Denver, than fucking around with me, betting against my winship.
Anything remotely related to China is getting poleaxed today. From the basic materials to high end retailers, it’s WHOOSH lower in dramatic fashion. Ten percent drops in TIF, on no news, is not normal. There are dislocations in this market. The whole matrix is fucked up and you are much better served waiting it out, than betting on Slovakia ratifying the ESFS package.
Forget about Greece and European debt issues. We’re past that and you don’t even know it. All eyes are on China, global growth and the liquidation of large hedge funds. How will the market absorb the wholesale liquidation of billion dollar funds, while the markets are going lower?
Answer: You get pinless hand grenade trading action, like WYNN, YOKU, COH and BIDU.
Look, all of this is child’s play for me. I am positioned to buy the margin liquidations of some of your best friends and family members. While Dad sells out of this positions, out of disgust, Le Fly will swoop in like a fucking golden falcon and take his shit. The whole point of being bearish, in my opinion, is to buy at lower prices. I do not covet the absolute destruction of my neighbor, just 30%.
Eventually, there will be a great buying opportunity. It’s just not here yet.
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Where is Merlin?? Poof, there goes your bullshit rally
In the last post 2 hours ago
http://www.youtube.com/watch?v=_4I_zbi3Sak
Poof, there goes your bullshit selloff.
Don’t try to compete with the Robots…you will lose big!
there goes my bullshit money from my fucking account, I hate when that happens
I agree with the Fly…developing
You are fucking insane. One would have to be mad to step in front of your massive cock.
be careful, that massive cock might drill a hole in you …
Horatio is an ANIMAL!
WTF?!
fly, you have banned people for less!
jose man, you should probably beg forgiveness.
I thought Stanky was banned weeks ago?
I am starting to become concerned there are serial killer-level wackos starting to follow this blog…
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I see you all trembling before the mighty Hammer. Fear not, for he shall pass on smiting thee with his massive phallus.
dun see why he’d ban meh… I love our infallible ruler dearly. His pomp and bravado brighten my day. Only a cocksucker of the most purest form would do such a thing.
STARTing?
This place has been Yahoo level weird for a while now.
they are calling you a ‘beast’ …
FXP, these ultrashorts just piss me off.
Nymph, what about EXH ???
The Chinese index is up. FXI is positive. The product is working as advertised.
Jose, That Falling Knife EXH is just grasping at Air. It is just below its 2008 lows and the Wash and Rinsers that like to buy about 3% below support are attempting a rally. The Oil Bounce Play off the monthly Loonie Payment to the Canada Govt is over for that sector. The Resistance kiss is 10.23ish which is the place it will be dumped and it can continue its painful slide down imho.
so you will not increse shorts or initiate inverse here?
no. My goal is to buy extreme weakness, not to take advantage of the move lower.
We must and shall retest the lows. The computers agree with me.
Only the computers know.
The rest of you will endure the maximum amount of frustration and will keep losing money.
Just 30%? Too generous. Go to slope where they pray for the next depression. Jesus.
This man has been seen running around wall street:
http://www.cosplay.com/photo/2142783/
clad entirely in burlap
“Sackboy” — lol!
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I rill no ronger buy your stupid purses, shiny ewerly and expensive rlothes. Have a rice day !
Rall of you should risten to the Fly, he is very roweledgable – sort of rike confucious.
Will you buy NFLX at 13?
my god ive stayed awake monitoring this market and all i can think of is this austin powers vid of how the markets acted today. slow steamrolled death
http://www.youtube.com/watch?v=OdctnPIR5kA
Kerplunk. Without the banks holding this tape up, we’d be down 200 now
All our tax money at work there.
“I do not covet the absolute destruction of my neighbor, just 30%.” Amazing quote – even to your hated neighbor you are the most courtly of gentlemen.
market rallies into the close …
eur/usd caught support at 1.3550ish after a sell off on NZ downgrade…also, I wonder if the HSBC final PMI data was leaked, it would explain the FXP today.
Call me a donkey and light my tail on fire but I say we hit 1240 before we hit 1100. All I see is bearishness and we all know the market screws as many people as possible. Oh and I LOVE PNC as a contrarian bank play. They are as healthy as it gets. Throw in JPM too though their derivative exposure scares the crap out of me.
Healthy as it gets? You are smoking
I am smoking indeud but nonetheless they never overlevered themselves and seem to be buying other banks’ margin liquidations. And glance at their chart for a moment. It’s not death and destruction like every other bank. Plus it IS a contrarian play. If we crash hard PNC is going with it. How bout long PNC/short TROW (or insert favorite crappy financial here)?
JewishMantis….checkout CFR.
Cullen Frost with 4% divy and as stable of small banks out there.
We must have the same dealer.
Covered all shorts…will wait a bit before shorting again.
Tomorrow, we finish positive.
Then again, what the hell do I know.
Today we finish positive.
I keep having dreams of dark, post-apocalyptic, Escape-from-LA-style cityscapes where bums are buring bearer-bonds in trash cans to keep warm & small groups of soot-faced men wearing tattered pinstripe suits gather around a glowing reciever listening to The Fly’s prophetic nightly ham radio broadcasts from a bunker somewhere in Nevada.
Is this a premonition or do I need to lay off the absinthe before bed?
What a joke.. Lol. Oct. WILL be a blood bath..
why?
She a fickle beast this bitch of a market!
Really don’t understand what part of plunge protection people don’t get. A crash will not happen folks.
Since the proactive are prepared to profit from a crash and the inactive are blindly long, isn’t the market’s cruelest potential Fuck You (said in Al Goldstein voice) to simply remain shittily flat for a shittily long time?