Futures are way the fuck higher this evening, on the backs of absolutely nothing. Men with money are snorting 8 balls of cocaine and buying S&P futures. My VXX and TZA hedges stand to get raped on the opening bell, by clowns dressed as gentlemen.
If there is one thing that is true, proven by yours truly over the past two weeks, it is this: you do not need to short stocks in order to make money in a bear market. My recent foray into equities netted 15-30% returns inside of 3 days. Just last week I was down 3%, now I am up 13%. My current strategy is a bit more aggressive, being 10% weighted in VXX with a side order of TZA and short EXH. But that’s just me living the high life, playing with profits.
Make no mistake, investing is an art. There are aspects that can be gamed via mathematical precision. However, for the most part, the seasoned pro fucks up the young punk 9 out of 10 bear markets. While in bull/retardo markets, the younger the better, since young people are too fucking stupid to know the difference between blue chips or red chips.
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We’ve got a long way until Tuesday open so anything can happen between now and then.
The Market is open tomorrow.
A game.
you must be a young punk.
Haha…I wish
then your fuckin retarded. pleasantly go fuck yourself. douchebag.
OK tough guy.
You can remove your lips from Fly’s ass now.
That shit is just down right hilarious!!
Love the analysis Fly
You think the markets closed Monday? What a dumb fuck LOL
I thought there might be some kind of religious, non-formal, calendar consideration at play (e.g. Yom Kippur).
But I’ll leave that one alone.
Politics and sex, on the other, are always juggling economic Fx.
It is so what americans are. You don’t know nothing but what’s going on INSIDE the US. Yep, canadian markets are closed.
By the way: 1st of July, Canada Day and 14th of July, France Day. Now you know two more things.
It looks like my 1:1 panned out okay on recent Ontario & Quebec trip. Thx. USD/CAD has gone manic.
Hey Jean-Paul,
Ne sois pas con!
Nothing personal u know. I love the site…
Canadians seem to be egomaniacs with an inferiority complex.
guys i think he lives in canada.
no shit. i was dating this canadatard chick. at the most absurd times she would bring up the lack of recycling in america. wtf? it must be the cold. dude just trying too bust a nut then crazy canada retard shit. im not alone. i know that for sure.
lol, it’s always the vegetarian argument that I get.
I dodge and counter whether dessert’s “on their diet.”
Irony on irony, treat women like dumbies and BOOM, respect and sex. Go fig.!
Everything I need to know aboot Canada I learned from Trailer Park Boys. We need more Bubbles!!
lol
Fred,
Repeat after me. “I am a fucking douchebag.”
Thanks Noodle but I don’t live in Canada. Fly can surely tell where I’m at based on IP.
Since Columbus Day is a Federal holiday, I made the leap that U.S. Markets were closed tomorrow. Guess I was wrong. Oops.
leap? look at a calendar you retarded commie fuck.
Can’t afford one. Been following your investment advice.
Wow, you guys are fucking harsh. It’s like Hitler in a blog comments section all day.
if not us or canada, where, approx., are you @ ML?
NY
Merkel and Sarkozy to the rescue!
U.S markets open Monday, no?
I’m Canadian, I saw that first comment and I knew Canadian stock exchanges were closed but I was pretty sure U.S was open.
Does that mean my TZA I am using to destroy the corporations with will be fuckekd?
The OPEC nations are fearful of a Republican pro-Israel/Pro War in the White House. They would like to maintain the status quo anti-Israel President at the helm. It is my belief that they will tank oil prices over the next 6-8 months that will creat a relative “tax cut” on the middle class by halving the the current price of gasoline.
Go long consumer discretionary stocks and short oil & gas.
The OPEC nations are fearful of a Republican pro-Israel/Pro War President in the White House.
I have to respectfully disagree: an article came out in the WSJ today, stating, “There is no reason for Saudi Aramco to pursue 15 million barrels [of output capacity],” Saudi Arabian Oil Co. chief executive Khalid Al Falih said in an interview Saturday.”
If one can’t load the article from this link, search for it on news.google.com, the link should work from there:
http://online.wsj.com/article/SB10001424052970203388804576618772847536618.html?mod=googlenews_wsj
The Saudis would welcome a Republican White House so they would get support in case their own “Arab Spring” happens to pop up.
A strong Israel is the least of Saudi Arabia’s concerns.
With the Saudi’s or any of the other OPEC nations; saying does not always equate with doing.
You’ve chosen an apt name–in more ways than one. Congrats.
HEADS UP: if my S&P futures tech. chart is correct, the current test(???)/break up above current 20 day MA could result in linear take off to 1230 by Halloween. FWIW.
This could be the BTFO post-Broken-Robot… .
Viz: $SPY Nov. 126 or 127’s.
Usual don’t sue me disclaimers, INPUT HERE!
Dude i dont know what you just said
he said buy the Nov 126 or 127 calls on SPY.
use your noodle.
Things can change in the blink of Merkozy’s eye. However look at commodities, after getting gut punched last week maybe it’s their turn…
TBT is the way to play this market.
To continue from the previous thread, believers can only take credit for courage, if they have struck out on their own and believe something different than their family, friends, church members etc. believe.
If you believe, politically or religiously, the same thing most other people around you believe, ok, that’s your right. But there’s nothing courageous whatsoever about it. Just crowd following behavior.
why the hell is this comment here?
Because the frog, aka dpeezy, is a fucking douche.
“. …Tokyo is closed so liquidity thin, so this may be an overblown post-NFP catch-up advance. More should become clear once Europe comes online and trading volumes swell up a bit.” Ilya, FXCM.
But China is back from holiday..big thing imho to watch.
Other people tell me “the banks aren’t lending.” To them I say “maybe they are busy putting all of the money into their fucking ATM machines.”
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Sorry, just catching up here. Didn’t want to let this line go uncomplimented.
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Noted, and loved it! IBC is on fire right now with great shit.. Scotty B’s write up on Ebay really makes me want to short that POS btw!
Props to The Fly and all you guys..
ps and totally unrelated.. I really hope the NBA goes on a permanent lockout!
Me too! Selfishly, my Knicks suck, and even more selfishly, my Cards (Big East- college) are great!
Who need the pros?
________
A Louisville fan that was rooting for Kentucky in last year’s tournament. The prime definition of “carpetbagger”.
Hat tip to Fly on his extraordinary IPGP trade … must have netted a 20% return!
Catch up on the latest OEW charts/comments here:
http://ibankcoin.com/jakegint/2011/10/04/ready-for-the-rubber-match/#comment-30372
I think you meant to link to this.
http://caldaro.wordpress.com/
Reddit Reddit.
That is probably too obscure. The joke starts “A chicken walks into the library and says book book book”
But I have already told you the ending.
Just my way of saying I had read it elsewhere
No art required, short at 1180, cover above
Fly, That meltup is not being seen in the Shanghai Comp tonight at all. The futures are up because we had some stupid buying of the eur/usd probably up to the 1.3500 range. What is also so amazing is that the Shanghai Copper Future are up, but not crazy up. Shanghai has been closed for the entire week, a week when we had a Stupid Copper Rally. Yet, China doesn’t care. This reminds me so much of Feb China New Years, no restocking when they came up. This is going to get so ugly when the Cable and Eur/USD realize that “promise” to fix the banks is just talk at this point and will be sold down like the Shanghai Comp is…BTW, I am REALLY surprised how bad the Shanghai Comp is tonight…
In respect of the plan I thought the Zerohedge link to the video was meaningful
http://www.zerohedge.com/news/merkozy-reach-yet-another-agreement-adding-it-too-early-enter-details
Old Salt,lol..South Park explains global finance, and I didn’t think the “fight club” bunch had a sense of humor…….Oh,And remember I was talking about China maybe hiking interest rates to control inflation. Nope, but it did cut prices on Gasoline by about a 3.5% drop and 3.9% for diesel..All this to curb inflation. China CPI on Friday, fwiw.
Seems you’re always in denial whenever there’s a rally. All these excuses and qualifications really don’t matter. The price action matters. Believe it or don’t believe it, condemn it or don’t condemn it, we make and lose money based on the price action. Period.
Mad Scientist, Long Term Picture says we are below the level we were at the start of the year. And the way China is not buying copper I would say this is not the bottom. Price Action can destroy many traders, as they say, most buy at the top and sell at the bottom.
BTW I LOVE that Fly points out that Investment is a Art. Makes me feel a bit more cooler to have such a geeky passion if it is an Art (which I truly believe it is). Now, lets cue that eur/usd sell off into the europe session open, lol.
The Long Term (and I mean really long term) charts say “bullish” for now, but it’ll likely be the pop before you drop.
So enjoy it while it lasts.
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Nice touch with the Tim, Devildog and Alf tombstones. Now that is really funny.
FYI:
I Am Very Much Alive !!!
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Pretty damn funny though … gotta admit !
.
what’s a red chip? Is it worth more than the blue?
blue chips are the most valuable
The Bull is Back! Watch out. 😉
The bull never makes it out alive. Does it?
Let me re-phrase that: Even when the Bull appears to be winning, he loses. (That’s better…)
Can you say filet mignon?
Red chips? Blue chips? Cow chips are about all some morons can deal with.
Once again, I’m Canadian and I have never met anyone in Canada that says “aboot”. I’ve never found “aboot” funny because i don’t get in. Maybe some people in remote areas say “aboot”, I don’t know…
I meant “I don’t get it”
Dude, you are nuts. Not only has every Canadian I’ve even met say “Aboot,” but they also say “hoose” when talking about mortgaged shelter.
Further, it’s not just Canuckistanians who say that, but the TideWater Virginians (Franklin, VA, border of the Outer Banks, etc.) who say “hoose” as well.
Some weird English (as in UK) derivation or something.
The only excuse you might have is if you are Quebecois.
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(snicker snicker).
You say it, you just don’t realize it.
No, I don’t say “aboot”, I say “about” like it’s spelled. Just like I don’t say “nucular” instead of “nuclear”. I pronounce things like they’re spelled, not like I’m retarded.
We have been in like this price range thingy since Aug drop. I drew a couple lines on some graph paper – one on the top and one on the bottom.
I may just be a simple country doctor, but I buy when we get close to the bottom of line and sell when we get close to the top line.
If it goes outside those lines – I’ll have to go to Wal-Mart and get some new graph paper.
Then two aspirin and call you in the AM?
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