Bernanke laid the perfect trap for you bitchasses. He knew S&P would move on the banks. He didn’t say a word until they made their move. Like the true chess master that he is, he defeated S&P before they started their assault on the US banking system. In the after hours last night, short sellers went all in, hoping for the worst, expecting tragedy.
Bernanke exacted maximum pain on your bullshit brokerage accounts by dropping the hammer on you “DEFCON 3” brainless, dickless know nothings–precisely at the time you were caught leaning hardest. Sublime.
The time for your disposal is now. People have had enough of your haphazard advice on CNBC. Resign from your post now and enjoy your retirement, old man.
I’m speeding through time today, up another 5%, making that +11% for the year aka better than you.
The gauntlet has been laid down and the competition isn’t up to the task. Shhh, don’t comment here on iBC today. Don’t tell us about your average ups and don’t post your thoughts. This is your funeral.
Enjoy it.
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Snifffffff
nice new background
Why are you so fucking good at this fly?
This ain’t your typical gorilla run crack cocaine today… this is pure fed approved liquid ecstasy! The good shit!
LOL.
_____
lol indeed. So true.
Lever up and sell at end of day? Never seen The Fly do that….
where’s the volume? who is buying this other than shorts?
Losers always say this.
Second that.
Third!
I am itching to getting rid of my EXK position.
any idea how far up this thing is gonna go?
bot it at 10.00 so am happy !!!
@20
@20? Wow.
impressive squeeze .. right into the ghetto hood of the shorts.. let’s see who wins this epic gangland showdown ..
I saw Bernake this morning sporting a blue do-rag
I knew that fucker HAD to be a Crip!
______
spittin chips, literally here
That’s right, cuz.
In case you are wondering, yes, I am wearing that African mask on the front page today. If you see someone with that shit on today, steer clear. My arms are involuntarily punching people in the face.
Rick Ross, Unbanned, bowling balls to the face rally.. good day
Any trades in the personal account Fly?
AKS
This Market is … Runnin’ With Scissors !!!
—
SELL the bumps …
BUY the dumps …
And don’t “diddle in tha middle” !
—
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my last post didn’t show up.
why ?
.
We installed a digital testicle check for posting and yours were missing, apparently.
That’s why we haven’t seen Nymph either.
______
…you’d have been long gone months ago if that were true … clown !
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Jake is long RGLD from like $2. Shut up.
Ha! thats some good shit!
sigh…..
Alf makes me actually miss DevilDog…lesser of two evils.
“Shhh, don’t comment here on iBC today. Don’t tell us about your average ups and don’t post your thoughts. This is your funeral.”
And Alf’s response is? Oh, wait….he’s shorther than Verne Troyer so he’s getting carried out today like Randolph Duke lmfao
Get back in there and SELLLLLLLL!!!
____
Oh no! Randolph! Turn those machines back on damn it!
Senor Fly,
Thank you for your refiner suggestion yesterday. I scanned our CDN oil patch and added SU. I am enjoying egregious 6% gains in one day.
…but I am still down YTD, so do not miscontrue my post as boasting, but rather as a gratitude.
The term is haphazard, not half-hazard.
LIAR
I think a duel is in order…
Touche’
The ‘Fly’ is executing bearshitters today, as usual he had the cajones to stay in the ocean and catch this wave. Kudos and a tip of the hat to you once again sir!
K… Not about winners or losers. Survival
Luckily Im not a victim. I mean am a survivor
Reversed long (enough) after friday
(however) Will never drop my SDOW
No further comment. Other than to get off this meth addiction I have Im going to go do some more meth
Please tell me that Europe is saved this time. I mean for real this time, not just a few days or a month. I’m getting really tired of making slow gains just to get blown out of the water in 1 day because Europe really wasn’t saved.
I hear ya.
Europe wasn’t really saved today.
But this one should last for a few months. If I had to guess, I’d say in addition to the 400 billion euros that the EU had in the EFSF, they’ve gotten about another 200 billion euros from China, and 100 billion from South America.
I’m not sure who else has euro trade balances that the EU could have hit up. I know China sure as shit didn’t have much more than 300 billion euros lying around, and I doubt they would have handed them all over.
So I’m guessing there’s 700 billion in firepower in the EFSF. Not nearly enough to end this crisis, but if the EU is desperate enough to tap it right now, then they’ve got about enough to get the hamstrung countries like Italy through the first quarter of the year.
I’ve heard the month of May get tossed around. I’m more skeptical and think February. But if they get some cooperation, then 700 billion euros could put them well into September of next year too.
Big range here, you just need to pay attention.
Senor fly, especially since you reside in NYC, you know there’s only one appropriate rap song with the title “work”
Gangstarr – Work
http://www.youtube.com/watch?v=GSszWXkDHa8
“Bernanke laid the perfect trap for you bitchasses.”
This is when I knew this would be another epic post.
http://money.cnn.com/2010/08/09/smallbusiness/cranes/index.htm
Take that Ticonderoga!
One for all … the 1% and the 99%
AIN … Let the presses roll!!!
Albany International is a global advanced textiles and materials processing company. Its core business is the world’s leading producer of custom-designed fabrics and belts essential to the production of paper and paperboard. Albany’s family of growth businesses extends its advanced textiles and materials capabilities into a variety of other industries, most notably aerospace composites, nonwovens, building products, high-performance industrial doors, and high-performance synthetic insulation and yarn.
Albany is top quality. I Bought many pieces from them. But the printing paper mills are shutting at an alarming rate since mid 90’s.
http://investing.businessweek.com/research/sectorandindustry/news/article.asp?docKey=600-201111190535KRTRIB__BUSNEWS_22486_64523-1¶ms=timestamp||11/19/2011%205:35%20AM%20ET||headline||What%27s%20the%20%27Albany%27%20in%20company%27s%20name%3F%20[Times%20Union%2C%20Albany%2C%20N.Y.]||docSource||Knight%20Ridder/Tribune||provider||ACQUIREMEDIA
Who is ambushing who here? I look at it is a move by the FED in order to clear the big players so they don’t destroy the market prior to the end of the year.
I.. I.. can’t feel my face.
This Market … is Runnin’ With Scissors !
—
SHORT tha bumps …
COVER tha dumps …
Don’t diddle in tha middle !
—
Currently have limit orders on me some more TYP pending !
Lookin’ to get … you guessed it …
SHORTER… than Verne Troyer !!!
.
who the fuck is Verne Troyer ??? is he a porn star ???
… he’s “little person” !
.
.
he’s 2 feet 8 inches tall, in fact !
.
Austin Powers midget.
…uh hem … “little person” !
.
same shit!
He’s losing money today too.
… my limit BUY orders on TYP just got hit !
—
Suffice it to say …
I’m SHORTER … than Verne Troyer !!!
.
Well, it’s not a +1000 point day you had predicted Sir Fly, but I’ll take it. 🙂
Is this a good entry point for a small position in TZA? Alf? Edge? Trading_Nymph? Anybody?
… I think you already know my response to that question !
.
VegasTraderII ???
You SO wish he were here to pummel him don’t you? LOL.
Nah …. LOL
But I bet he was still long TZA … HoHoHo!!!
I tried to warn him
Seriously, WTF is with all of my comments “awaiting moderation”?
Maybe you’re on Santa Fly’s naughty list …
TZA has support at 27.37/28.00….good risk/reward point of entry, if it can hold. For resistance, the first is 32.01 and the second one is 39.58….the biggie is the 56.81 which shot it down at the end of Sept, that is the fibo 377MA on the daily multi month. 40.91 is another resistance I would like to see it take out.
Trading Idea…28.18 which was the LOD for TZA is close enough.
I sold the rest of my GMCR. Swapped out of WNR for TSO, because I’m a left coast kind of guy.
Fly, with all the steps they’re taking to make sure none of the financials pull a Lehman on us, wouldn’t this be a good time to buy BAC, C, and so on?
First, I hate clams. But, the bigger story is how China cut RRR. That one was not leaked in any manner in China. Reading thru all the gossip since its release, it appears the China Govt was really starting to get worried about all the foreign money leaving its country (funny, how normally they complain about Hot Money coming in). They have Final PMI’s tonight and maybe they were concerned that would just speed up the process of them leaving. Of course, a lot of the foreign money leaving can by traced back to europe companies trying to raise capital back home to save their butts. Anyway, this RRR cut hits to their inflation, China also upped Tariffs on Power Plants to charge Industries more to use it this winter. I am totally unsure what China Speculators are going to do with all of this after the short squeeze is done? For Europe, all of this Clam Juice did not print euro bonds or fund IMF, EFSF…so problem is not fixed.
Just change your name to “I hate clams”
No, because I even hate typing the word Clam. It appears that they had agreed to all of this on Monday at the Fed..that would explain that strange move on just gossip in that PM session. Clams gossip. This is beyond the Ponzi Stage that Scott’s Minsky pointed out imho. But, when in the heck does it finally all fall apart?
When you don’t expect it to.
Like the spanish inquisition?
Bingo. One minute, nothing, the next you’re getting the Pit and the Pendulum.
This Clam has legs…
http://www.iliketothinkitsart.com/assets/images/clams-got-legs.gif
I’m gonna give you that goooood lovin’ tonight sweetie pie.
Ever done a bukkake before? You should try it. I will bring my friends from the ECB.
http://www.forbes.com/sites/greatspeculations/2011/11/30/big-european-bank-failure-averted-what-central-banks-did-not-tell-us/
Fly,
I must say that I admire your resillience and that you held your ground. However your posts showed bipolar disorders during the sell off and indicated that you were some how doubting yourself. However I guess your cold head prevailed and the words compounded errors I think summarizes it. The lesson to be learned here is: When the market has moved and you try to chase the momemtum you are probably late to the party…Now my question is: The market has moved? Is it to late for the party or is just the start?. I think we are heading to 12600’s by year end. I also think volatility will come down by year end. So I am buying today (very scare though) XIV….
Can someone please explain to me how the action from the central banks will help the European sovereign debt crisis? I figure it will provide liquidity to the banks who own most of the debt, so does this mean that a restructuring of said national debt will occur with these banks taking serious hits buoyed by their new liquidity?
Liquidity will be provided to anyone in need in any currency. That was explicit.
In other words, the Fed will buy Italian debt if needed.
Actually, ECB would buy up Italian Debt and then we will buy their Euros….such a Ponzi Scheme…lol, I hate those shelled beast.
Any strings attached to the debt purchase, ala IMF funding?
It also means that if, say, a bank were to receive emergency funding from the EMF and pay out their obligations, they could then take the euro deposits (assuming the customer doesn’t withdrawl), put them back with the EMF (receiving interest), and the EMF could export those euros to the U.S. in exchange for dollars.
This deleverages the system by printing without all the nasty hyperinflation typically associated with the process. It has its limitations, of course, but it’s better than outright running the printing presses.
So it kind of hints that the dollar will not be permitted to get too strong against the euro.
the panic will be back.
only one way out: eliminate the negative (and dropping) net supply of Euros in the Eurozone…
thats it. cancelling vast amounts of debt will stop all problems.. for a time. But the world is catching on, countries that don’t issue their own currency are risky.
Expecting another “my dick is bigger than your dick” Fly post in 3,2,1……
Just saw the crude inventory report. Inventories up by 3.9 million barrels, way over the 1 million build expected.
So fucking help me, if crude oil reverses on the day and starts to crash, after all of this and just after I finally covered, my next post will be a live video stream of me firing a rifle in downtown Detroit.
That was reported 11:00 AM.
Yes, and I was busy not reading it then.
I hold some TNA from 38 – up about 14% today. Why try to pick stocks?
This is just so goddamn frustrating I’m sorry…Every time things get really scary I get shaken out of positions, and then there are these HUGE rallies. Unreal, I wonder how long this one will last….
They call this a rally. The real word should be gaps because no F/U during intraday has been done. Like I wrote yesterday it has been the same pattern as the initial days of October three big gaps to inflate and squeeze shorts. Now retail investors get in after the three candles for the crumbs and then sell off. Repeat and Repeat this has been the formula, and will continue to be in this deleveraging environment. Trade accordingly.
Yeah, the new normal I guess…I’m gonna stay patient on this one this time, thx JNROD
Banks are your friend…who knew?
Bitch betta recognize.
I still can’t understand why some people struggle with this shit. We go higher. UBIG. Uncle Ben Is God.
Anyone care to review for the general population here the etymology of our phrase bearded clam?
Back to anyone- anyone commenting on the new Fisher Gartman ETNs? Inevitable that someone(as in Alf) will brag on getting off by buying OFF.
… not my style, dufus !
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I have been watching and the spreads appear to be good, especially for a first day trade.
I do need to find out how it will be taxed- 1099 v K-1 partnership.
If it’s a partnership I will not trade it.
Those K-1 mailings are almost always wrong and are constantly being revised even after 4/15.
I can’t wait for some technician to come out and say how the market broke above a “very important level”.
And last week it broke below that same “very important level”.
Most likely it will be a big bad bear “chartist” claiming major resistance.
Impressive close!
The bears will be wiping their asses with Charmin!
What did I miss regarding Home Depot/Lowes…under-performers today.
We have what the perma bears asked for…..we have both (gap-up) price action and volume..
moreover, people don’t believe this rally.
The chances are we have higher prices dead ahead amid the de-facto QE2.
Government (master planners) policies do matter and they are game changes…one who chooses to fight them may have rectal turmoil dead ahead.
OK fun and games are over. Tonight we get the Final PMI numbers out of China and Europe (europe could be a little better then estimates based on flash). If China has to lower RRR before the release tells me that China is getting worried. And yes, major fibo resistance at 1245ish.
Fly do you (or anyone reading) have an opinion on if there is value in PSUN? 822 stores with a market cap of 90mil, which is roughly 100k per store. That seeems cheap for a well established retailer.