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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,443 Blog Posts

Dealing with Armageddon: Yawn it Out

Dr. Fly Tue Nov 15, 2011 10:35am EST 17 Comments

Even though the market deserves a 3,000 point single day drop, thanks to the prospect of, umm, fucking France defaulting on their debt, the market is yawning it out with a 20 point dip. If you are a bear, your balls are firmly placed in a vise. Soon enough, the dumbest news will turn the handles of said vise until…

I am sick of hearing myself talk.

This is what I am doing:

(crickets)

Long absurd amount of gold and silver, living the life, cooler than a cucumber.

http://www.youtube.com/watch?v=Eei0m-nGwkE

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17 comments

  1. jimmy_two_times
    jimmy_two_times
    November 15, 2011 at 10:42 am

    No doubt. maybe this is a holiday stall tactic with the proverbial shovel to the head in jan?

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  2. #OccupyGold
    #OccupyGold
    November 15, 2011 at 10:43 am

    Good news! The Euro Parliment is banning naked CDS.

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  3. Superpositron
    Superpositron
    November 15, 2011 at 10:45 am

    http://grooveshark.com/s/Holier+Than+Thou/I5cdN?src=5

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  4. ummWTF
    ummWTF
    November 15, 2011 at 10:50 am

    Indeud

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  5. Yogi & Boo Boo
    Yogi & Boo Boo
    November 15, 2011 at 10:52 am

    Sure looks like #SSDD

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  6. Prospectus
    Prospectus
    November 15, 2011 at 10:52 am

    Long gold and silver: futures, miners, ETFs, or Jake Gint Bricks?

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  7. JB
    JB
    November 15, 2011 at 11:31 am

    side note: that song is horrid !!

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    • Taco
      Taco
      November 15, 2011 at 11:50 am

      Sounds like some coked out motherfucker who can’t shut the fuck up already. And then they made it into a song.

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  8. Taco
    Taco
    November 15, 2011 at 11:53 am

    BTW, I predicted this market downturn. We’re getting closer to the buy zone… we need another big purge before we get there, though. Possibly a good time to go short…

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  9. Trading_Nymph
    Trading_Nymph
    November 15, 2011 at 12:14 pm

    We don’t care if we are in a Vise, just clamp it…we don’t care anymore, you can’t hurt us Bears anymore. This general belief of Govts saving the day is holding up all of this Disaster up…we can take the pain..we have had a lot of practice. Bring it on.

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  10. riggedgame
    riggedgame
    November 15, 2011 at 12:17 pm

    What’s he eating? Grilled cock?

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  11. Blind Read Ant
    Blind Read Ant
    November 15, 2011 at 12:27 pm

    In addition to my earlier EUR/USD $hort mention, a longer term idea is long NZD/USD.

    This is in response to previous post Fly: “[T]he gold/silver trade is as relevant as ever. There are no safe currencies.”

    I don’t dispute your premise, but the increasing interest rates (will lead AUD soon???) and prime agricultural products NZ seasonally cycles is another consideration given their March “fall” harvest 2012.

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