The market is going to explode to the upside again today because, apparently, Europe is fixed. Not only is Europe fixed, but the recession is now off the table. That’s right, everyone has deduced that there is no fear of European insolvency or recession anymore because Belgium nationalized Dexia. Forget about Italy, Spain and THE PIGS. This market is running higher because it’s not 2008.
Because we are NOT in 2008 and find ourselves in 2011, stocks are ceiling-less. John Paulson is on the verge of breaking the fuck out to the upside, as the banks are poised, mind you, to soar the fuck higher, based upon two things.
1. This is not 2008.
2. Belgium nationalized Dexia.
Fuck yeah!
Also, apparently, Apple is worth more with Steve Jobs dead than alive, not so much different than a Mickey Mantle rookie card.
I’m just happy I did not expose myself with my shorts. My late day purchases of RENN and PWRD should ensure that I “go green” yet again today.
As for the bears, guys wandering the Earth looking for despair: you’re gonna lose today. Actually, not only will you lose, your dicks will get chopped off. My apologies to all of the gentlemen and ladies out there for my most abhorrent usage of the English language.
Oh, I almost forgot to mention this unbelievable note of importance and substance: CHINA IS NO LONGER SLOWING. That shit was just rumor mill stuff, fed to the birds, digested, and excreted out onto the windshield of John “creepy as fuck” Chanos.
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Amen
Too many sheep listening to crap in the media.
Just like this Slovakia crap. Never heard about it until yesterday, and then every stock market news outlet was talking about it.
No one can think for themselves anymore.
FLY – with a large cash position, why are you still holding TZA & VXX, or did you sell them? I know hindsight is 50-50 and all…
Still holding them. But my shorts are less than 15% of assets
Ouch.
Still holding a smidge o’ the Skiffles, m’self.
Like my “dram.” Wards off chest colds & such.
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Quick, someone tell me…is Cramer bullish???
I gots to know
super bullish
Well that’s a downgrade then, because he is normally super, super, super bullish.
Buy, buy, buy.
Who is more respected John Chanos or Ray Dalio?
Dalio
China slowing is like cuts to the federal budget. It’s really just a reduction of the rate of growth.
Indeud.
THE NEW BULL MARKET…
DOW 27,000 here we come.
Anyone wanna borrow my pogo stick?
It makes it pretty clear that all that business in August and September was just a simple shearing of the sheep operation, executed by such algorithmic entities known as “The Disruptor” and “Hail to the Thief”
So I volunteer to go out to Walgreens last night and get some cold meds for my wife.
I forgot that 0bama was coming to town and was attending a fundraiser at a big shot trial lawyer’s house about 5 minutes from my house (only 100 showed up-expecting 400).
I had to turn around and come back as the roads were blocked.
If I knew 0bama was going to be in the neighborhood down the road I would have invited him over for a tongue lashing and a quick one on one in my driveway.
Hey Trader…
You from Orlando? I know the law firm you are talking about. A good friend works there. She met him…
Morgan & Morgan.
For The People.
Obama did a fundraiser at the home of one of those ambulance-chasing PI lawyers?
Not very presidential.
But very necessary.
Who else will pay for the cloud machines?
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Morgan and Morgan, now home to ex-governor Charles Christ. Fuckin’ turncoat.
But verrrrry 0bama-like.
You got game TC?
Oh yeah.
TC – Are you Wyndemere? Kind of figured you for a Bay Hill resident.
Nice golfery in those parts, but traffic can be worse than SoCal.
In Seminole off Markham Woods Road on 3 acres of woods.
Nice area, especially for golfers.
Oy, but 4 is hell.
CENTRAL FLORIDA REPRESENT!!!
Going to Wekiva Springs to canoe this weekend.
Worked at WDW between high school and college with many, many HS friends. A Disney movie in the day, that Caligula movie at night. Then lived in Orlando and Winter Park for a while before heading West.
You were in Caligula Anton??
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Nooooooo. Being a teenager (I think I’d just turned 16) and away from home for the first time with a bunch of other teenagers was, at times, a party Bob Guccione didn’t have the imagination or testosterone level to pull off.
I was in some commercials for Busch Gardens, but that’s been about the extent of my work in front of the camera.
Ah… I get it now. Sexual revolution, etc.
I hope you stayed away from the horse…
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I went canoeing on the Wekiva River once with my brother and we brought our fishing poles.
So my brother decides to stand up to move and the canoe tips over.
I lose my wallet and there are a couple of gators about 25 yards away.
Swam like hell to the bank.
Look, I know fly is hugely cynical, but in my mind the US does not look bad at the moment relatively speaking of “corset”.
“At the moment” and “relatively” are perspectives that might contribute to his cynical outlook.
true
I see Fly added “Big Bertha” to his WNR arsenal … Dicke Bertha; literal translation “Thick (or fat) Bertha”
All that matters is our new QE Operation Twist and the number of put options written.
The market makers can move the market at will, and all those puts they wrote will expire worthless.
All the ridiculous commentary that is shared on the idiot box to justify the market movements amounts to hot air.
Fed injections and ensuring market makers having 100% successful trading days determine direction. Like the short squeeze, we should have a feature showing puts or calls on SPY – from a contrary perspective this would indicate direction.
Believe its Jim Chanos. Heard he has parties in the Hamptons that even would bug-eye The Fly.
jesus at least get the name right…JIM
John Chanos is Jim’s loser brother.
This market has gone batshit insane
Don’t worry, I jumped on the long bandwagon so the market will now reverse course.
where’s the volume?
In my pants.
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I have never commented on a blog before. But that last post by the one that goes by the name of The Fly was absolutely priceless and should be used in business schools across the country. I am laughing silly.
I can still remember now long gone times, when you had to actually wait for a year with a long position to make the same amount as now in a week. Ah, kids these days are just so impatient…