Let’s put things into chronological order to better understand your mistakes. Two weeks ago you were stockpiling dry goods because western finance was on the precipice, at the same time China was melting the fuck down. By the way, Hong Kong banks stand to lose it all, should China implode. That’s another story.
Last week we enjoyed nirvana, as the market goose stepped higher based upon rumors of the EFSF ballooning in size thanks to, umm, more leverage. Sure, that will fix everything. Let’s create money out of thin air and have the fucking tight ass Germans backstop it all. I am sure the Germans are elated to help out their brethren on the backdoor of Europe’s ass.
You took the market at its lying word and bought heavy into overbought ranges. At this very moment, you disbelieve what your eyes are telling your brain, stubbornly holding longs based around the idea “that everything will be alright.” Well, everything isn’t going to be alright. The world is changing. People with fleas are occupying my city and I can’t get them to leave. The socialist movement, worldwide, is spreading like an infectious cancer. It is tricking the most ardent capitalists into believing in their plight. This is the work of professional propagandists and Marxists. “The Fly” will never be hoodwinked into believing the lies from the serpents tongue.
Back to the subject at hand: stocks are to be sold here until morale collapses. Then we will pick up the pieces and fire our trebuchets at the cowards who stand in our way.
Until then, my top picks are short EXH, long VXX, long TZA, long WNR, long GSVC.
NOTE: Rumor has it Einhorn is shorting GMCR. I am not sold on his rationale. Developing…
[youtube:http://www.youtube.com/watch?v=EDhRumQz97M 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Possible long on GMCR? Hmmm…
Coffee Crops out of Asia should be stronger..not a place I like at all.
We don’t want you over here anyway.
Fly RULES!
the work of professional propagandist and marxist. indued.indued. indued. the 0bam uses only top pro’s. roflmao
This had to happen.. today… it built in to the parabolic move up of the last 2 weeks,,, same worthless hedge jerking his news boy to scream about europe or greece or whatthefuckever.
Upward thrust is intact. Short here with tight stops or prepare for giant schlanger strapped on merkel in the bung hole. New highs into Dec.
We have 1,000 points of downside.
SPX or DJI?
It’s a range and we’re at the top of it.
What is it exactly the flea Farm Family will do besides contract Typhoid, the black Plague, infect each other with various STD’s and other Parasites (ok..”parasites” as in other infectious organisms as we already know they infect each other at various levels) ?
So what…the Cities have more useless vagrants than usual…life goes on…just stop giving these curb squatters hand-outs and attention…like skunks and other varmints they will search for food elsewhere.
we do not have 1000 points of downside stop shittin like a dog eating peachpits cause we didn’t go up for the 14th day. This is healthy, normal and very positive event today. Basebuilding not base jumping
Haha keep telling yourself that buddy. Don’t forget to take advantage of this massive dip today and load up on all those great small caps too!! You’ll be rollin in it soon enough, don’t forget to line up for that new iphone too!
I hope you caught Cramer on Mitchell Reports giving robust support to #OWS…he went down Saturday to ZP and checked it out for himself. You should do the same.
Fly …lets go into the Falaffel[sic] business. Falaffels R Us
Fly, Very Good Post. I have such a hard time when the Market lyes to me.
lies..not lyes..I am so word blind.
Nymph, the market lies with everyone, she is a whore. The market lies to no one. The market is the tape . The tape does not lie, it cannot lie. Before and after the tape is all conjecture, salesmanship, sucker punches and intuition.
Ruggy…I am just standing next to her and going OMG don’t sleep with that story, you know it will only break your heart Miss Market. So,I just stand around waiting for her to come back in tears so I can tell her what a dick he was while we eat ice cream together.
everyone screws me, and the market is screwing me with that gigantic manhood !!!
ouch, it is hurting, use more KY please …
“You took the market at its lying word and bought heavy into overbought ranges.”
Negative, Ghostrider. I’ve been looking for a short entry as we’ve moved higher. Now that the $RUT MACD appears to be turning down I will be putting on a small TWM position in the last half hour before the close.
Though I’ve got to believe the proverbial “they” will try to keep the $RUT in the vicinity of 700 the rest of this week. Lest “they” have to pay out on all those $70 strike IWM put contracts that “they” wrote.
No one has a crystal ball.
I maintain a stride to the upside as US President and “cultural guilt” mandate an “up” market.
The protests, well, that too can be fit into the “hope” for “change” “WE” “can believe in” recital.
As for reality, facts can be more incredible than fiction.
Back to earnings….
What’s with all the frickin quotes and BS ya damn Belgium?
My bad. Still learning English.
I thought Americans quote everything in “Politically Correct” language so as not to offend people’s progressive, modern-age sensibilities.
I can now see, going forward, that I WILL USE CAP LOCKS TO MAKE SUCH POINTS. THANK YOU CB.
Fat F*ck Rick Ross’ brain farts start new downtrend. It was meant to be.
dammn you’re so fly with all the pics of whine u post i wouldn’t expect that
Since the regular baseball season is over I have replaced mlbtv with CNBC up in the corner of my screen.
The sound is muted of course because If I wanted to listen to clowns I would watch reruns of Bozo’s Circus.
But that Herb Greenberg really sucks.
Always after the fact explanations.
A Dan Dorfman with glasses.
I liked CNBC lots more when the female presenters accentuated their talk and allured the men and audience on the programs.
No more.
Now they sit like cats in the mouse house, sober and serious, as though they know something. Geesh.
p.s. I can’t wait for the one or two females and at least one male feminist to call foul.
J P Morgan says S&P could rally 20% by year end! Yes this year!
Long TVIX, FAZ, EPV, EUO, SRTY, DRV, ERY bought last tuesday early during the day. Still down 7% as of this minute.
<1200!! Thar she blows!!!!!!
I’m beginning to believe JTU works for our government. Most bullish SOB I’ve ever encountered..
Put in the earplugs and ignore the noise!
I’m not really that Bullish, I only bought one stock today because it hit my 6% haircut
target and I only bought a small position. I sold a few stocks on Friday and went to about 18% cash.
I thought I was the most “Bullish”. WTF!
Hey! That’s what I always thought!
is that a question of whether Ur still “Bullish?”
Any more “10,000 Point Rally ” predictions on this site will result in a regulation crack down – a hard one.
So will they buy this “dip” – my signals say not today, probably not tomorrow.
It’s opex week, this shit could blow up either direction –
Under capitalism, the rich buy themselves power. Under socialism, the powerful reward themselves with privileges. Under a mixed economy, those with connections to the rich and powerful game the system.
Nice list of celebrities at Job’s memorial.
I wonder if any of his kids showed up.
I read that he was a real looser (yes,looser) of a father.
The world can not be divided into just socialists and John Birchers. There were a variety of different views posted on the thread about what do the protestors want.
I saw the word looser used, so I figured, I’d make another appearance.
WNR to $10
FUCKING LOSER NOT LOOSER YOU LOSER.
Let the buying begin!
FCX on the move.
Until the governments are seen to regain control of the economy we will continue to be whipsawed between despair and delight.
In Europe there isn’t enough money to do it.
In the US the Republicans are determined to derail every attempt to do it.
And in Asia they don’t have enough consumers to do it.
Where did you get the idea that governments ever control the economy. The best or worst they can do is throw Molotov Cocktails at it to goose it, or throw rocks or ice-balls at it to slow it down. Even the Soviets with complete command over production, could never force their economy to produce enough of the proper commodities at the right time to fill their shelves.
Mao could never force their farmers to produce enough to feed them, even though they wisely put PhD candidates behind the plows.
Government makes the rules on the field. That’s it. Either they help or they hinder. Anytime you want to discuss Soviet Stupidity, let me know.
How is putting the money in the hands of the government any different than putting it in the hands of the rich, other than the fact that the government can write laws, use guns and tanks, and be corrupted…
The only defense against government tyranny is voting, hoping both that all the votes are counted without any proof, and that the two parties funded by the businesses have your interest in mind (which they do not).
At least with money in the hands of the businesses and power as well, the government is less prone to corruption and the consumers can truly set the price by their demand, and by boycotting. Only government enabled large loans bailing them out can stop business tyranny.
correction *Only government enabled large loans bailing them out can *prevent* business *tyranny from being stopped*.
I’m just going to stop talking severe A.D.D moment.
p.s. enable is the word Good thing I’m not a politician, a single moment like that and I would lose all votes
Bought a small position in TWM. May add to it throughout the week if the $RUT levitates here into options expiration on Friday.
China GDP tonight…9.2% is the magic number.
I called my buddy over at the Hong Kong trading desk, she said it came in at 9.199%
lol, they don’t go to three places..so they would round up/down.
GMCR down $9.59 on a looming patent issue, thanks Dave!
Before Earnings Released, IBM IMHO is the poster child of Soros Reflexology and a great view of what AAPL will do this week after earnings.
Earnings just posted…ahhh inline…lets see if I am right, Ruggy “Oh Miss Market, I told you not to sleep with at IBM”..lol.
As evidenced in the ppt, I am still leaning short…
Can I be your friend?
Bulls, to think you were just gonna keep runnin, was redic
Besides, if the slightest possibility we are going higher,
A nice pullback would be good. Healthy. Consolidation
Yeah. thats it