The bears lost it all today. This is the day everything changed, with regards to Europe. The central bankers, specifically the Fed, has reminded you once again that they are not interested in ceding power. The market can trade lower on fundamentals. But the prospect of the euro collapsing is zero. Forget about your bitter dreams of blissful calamity. We are now sledding, 250 mph downhill, cutting off heads on the way down.
Into the pocket of opportunity, I will remain long AG, EXK, NGD and RGLD because I know how the market works. I will remain long LULU, AKS, RBCN, GSVC, BZH and WNR because I know how the market works.
This week, thus far, I’ve recovered millions. Today’s gains were an eye popping 6.2%, putting me above 12% for the year. I was down for a minute or two; but now I’m resurrected–eating brains all the way to the bank.
2012 will mark the ascension of Le Fly, through the establishment of a hedge fund. Unfortunately for you, none of you will be invited.
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Indeud
why won’t anyone be invited?
Because Le Fly is god and in case you didn’t notice, he has eaten our brains… if you are new, on the way to the bank today. For the rest of us, that happened a long, long time ago. LOL
I don’t accept internet money.
What if JG wanted a piece, u met him VIA the web no?
In regard to one who talked about “bi-polar” indications when dealing with the Oct-Nov market chaos, IN SIZE and IN PUBLIC, I can only say that he does not understand the game. I have gambled and invested in stocks for years and have never had the loss of sleep/sweats/need to consume massive amounts of adult beverages, etc. that the last several weeks have bought me.But mine was private and alone! In public? I don’t know who Fly is but he has a set of massive ones. Bi-gonzos maybe.
i dont follow.
Everyone is bi-polar. Don’t let that labeling shit make you think something is wrong with changing opinions.
It’s true. It took me a long time to figure that one out, myself.
Some are just a lot more bi-polar than others.
Like a few of my ex-girlfriends, now that’s some serious bi-polar sh*t!
Good job, Mr. “don’t call it a comeback” Fly.
I don’t know about bi-polar, but I came within a hair’s breadth of going completely bonkers my freshman year in college.
Serious, edge of the knife kind of shit.
Ever since then, I’ve been ever respectful of the thin margin upon which all but the most dim of us tread.
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True, and well said.
Long WNR here as well.. a little scary watching it slowly tank all day while everything else tears it up. What’s your price target if I may be so bold to ask?
Any stock not up at least 2% today is suspect.
Check AVL.
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i went long AVL and WNR last week. AVL awesome gains today. WNR will continue to ride higher as well. $11 WNR entry point and 2.76 AVL entry point was clutch. I picked up some EOG back at 91, that looks solid. RGLD, EXK holding. added AGQ at 60. think silver will bust through resistance.
Surely my invite is in route…
I told you it would all work out. Needless to say, I am quite happy for everyone who made some coin thus far.
Could it be 2008…in reverse?
Soon mutual funds will be scoffed at if they DO NOT have banks exposure…silent lucidity…
flyaway,
I will take your feet away from the fire, So the “8 ball says” I should have sold TZA? My arse is still bloody red from the spanking.
A little vaseline on that arse will make you feel better. In a motherly voice I tried to tell you last week that all of our fine inverses needed to be removed from our fantasy port when we were up 10 percent in a woefully down market. In your fatherly voice you said, let’s leave it for now. At least you know how the bears felt today. This is why I’d rather buy bonds or sit in cash instead of buying the inverses although SKF and ERY have caught my fancy for sure.
Yes dear!
who cares, hold em and sell em later.
If today’s rally was akin to doing giant rails of marching powder, by all means, annex Columbia and legalize it….
Colombia. A game.
Lol. Unless he means the good shit coming out of spanish harlem.
I meant the one next to Chilly….
lol, well played
What, the Lions?
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Not even me? I thought we had come to an understanding.
Sorry, no exceptions.
Now you sound like the Google Support people.
kickin ass,and fuck takin any names huh.
I’ve finally learned to think like a criminal. The bullshit S&P bank “downgrade” was the clearest setup I’ve seen. Easiest money I’ve made since Bear collapsed.
I don’t follow.
I was referring to a reply poster regarding a previous missive from Fly. The poster was writing (bi-polar bullshit) about Fly during the grind of the last two weeks.Great stand by the Fly. Fly, I bes accredited.
Got in the FAZmobile and rubbed some Michael VXX at the close. We have 20-30 points ST upside and 60-80 down. Enjoyed 5% gains today despite being 40% cash thanks to GDXJ NUGT AGQ SIL
You’re welcome, Self-Fellato.
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You forgot the “i”. Or, maybe you didn’t.
No, that’s the Eyetalian.
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Any comments on “Joisey Schoowers” “Vinny” new rap-rape tune, here are lyrics:
“I ain’t got a girl … You ain’t got a man …
I’ve got a date for ya … and it’s in my pants.”
The rap continues:
“Oh you a fan? You wanna take a pic?
I like your crack girl … I wanna take a hit.
Yeah I’m takin’ it … I’m a get you naked b*tch …
We can f**k and make it fit… boomin s**t and slatin’ it.
Actin’ like I’m raping it …
f** k her til she fakin’ it.”
But wait, there’s more:
“If I act like a d*ck … slap me with your t*ts.”
-TMZ
For a start,how about:
tasteless,
irrelevant,
vulgar,
how fucking old are you?
Interesting that rap about rape gets such headlines, but murders and violent leading drug usage lacks comment.
Is the death of males inherently more ethical than a woman’s suffering during rape?
Why not frame the issue as rap is violent in general?
Sci Fly, huge value in PSUN, don’t you think?
As usual, feel free to de-star BRA and, still, BankCoin, as was mentioned here: http://ibankcoin.com/blindreadant/2011/11/29/95-ish-hours-to-go/
10 % (negotiable) profit sharing for HF invite Fly. Also, I expect a stripper expense account sufficient for every weekend in the month.
All the longs should enjoy their gains while it lasts. We’ll be going back down again in due time. Hello $5.00+ gas.
Sir Fly…. refiners sucked today, are there seaonality issues at play here? is it just a bad time of year to be in refiners.. it appears that November is bad.. and december may be better
WNR did suck today. But my other longs made it okay. They need time to consolidate.
Crude inventories came in a levels about 3X what was expected and sent a little ripple through the oil markets everywhere.
Santa Claus Rally has me wanting to watch Trading Places again.
A classic indeud.
How about the First Hedge Fund for bullshit 5 figure accounts – maximum investment $10,000
That’s funny and illegal.
That’s okay, just do it awff shoah.
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The poor just cannot get a break. Hedge funds closed to them.
I’m sure Bawny Frank could make it work for us somehow. Him n Shumer are the financial gods you know…….
Platonic paragons of wisdom, clarity and vision (puke).
I’m hung.
Like a…hippo?
Call it a rally guys, but certainly not “santa”.
SP 500 – to 1300-1320 tops on this last leg of correction upward.
And even this…..not before swiping every stop/sucker along the way….thinkin we roll til Xmas.
Currencies pave the way…and the ol U.S buck will have this “small correction”….before stocks blast downward in the wopper of wopper “wave 3’s” thru first quarter of 2012.
Bye bye October lows and beyond!
CHOMP! (Zombie Fly’s takes a bite out of Riser’s brain)
I don’t typically hold stocks overnight. Went short late yesterday and currently taking solace with a 90 + point chianti.
Bravo for admitting it.
Which way da gap tomorrow?
foward
Cock Long in LULU, RRR, BEE, ITT, WLP, KFT, JNJ, PFCB and ASFI. I hope all bears got ass raped today. AMEN
Clit short the US $ today.
I guess you saw this Fed move coming all along.
I’ll tell you what, after today’s monster, fed-induced, HOME FOR THE HOLIDAYS rally, I just had to go out and decorate the house and yard with lights.
Now I’m drinking a Sierra Nevada Celebration Ale by the fire, and listening to some Christmas tunes.
Nothing like a good bear slaughter to get one into the festive spirit.
Let the markets be free!
I agree. However shame on you for thinking the Fed would allow the world to collapse at Christmas. I mean, really, it’s Christmas man, the largest Keynesian holiday of the year.
You are must have large UBS position.
I ARE
I don’t understand what you are trying to convey?
That doesn’t surprise me. Hint: Bring your A game when you post here.
Is this your “A” game? I want to caution you on how you address me. The lack of business decorum on this blog is becoming more prevalent every day.
Oh please. Shut up.
I’d like to assist you with your problem. Please disclose what it is.
I ARE Stupid?
The secular bulls needed an SPX 1281 print today to undo the secular bear market currently in place, but, despite the strong last day rally, it did not. Thus, markets remain in a Secular Bear Market.
We should be upset and worried because we didn’t rally 86 points… in one fucking day?
Are you stupid?
lol
WTF fly? I thought you already had a hedge fund.
You been playing with your own money this whole time? Tell me it ain’t so.
I manage assets via advisory. I was always clear about this.
I see.
the euro panic will return.
they need ACTUAL creation of currency, not ill-informed panic-monkey cries of printing…
the way congress can create currency year in and year out by deficit spending. They NEED that ability, they cannot possibly survive without it. It comes by
a) breakup into seperate states (euro dies)
b) creation of a limitless-check-book central entity that disperses currency on a continuous basis to the countries
they could kick the can for perhaps 5-10 years by simply monetizing and cancelling much of the sovereign debt, but THE PROBLEMS WILL EVENTUALLY COME BACK.
problem is: they have a massively negative net sum of euros in existence inside the eurozone (again, as always, not an opinoin, simply a fact, an arithmetic fact)
folks, the eurozone was meant to implode, it was designed to eventually self destruct. We are there. The questions are
1. who was behind its planning, and eventual self destruction
2. will they create currency, when pressed?
Interesting that Fly announces his new hedge fund on the same day GS announces it is seeding new hedge fund managers… related?
Tell me you ain’t spankin it, thinking of Brandi from Storage Wars…..
I Love SANTA as he brings all good boys and girls really good shit 🙂
Santa Claus’s elves all have slanted eyes.
You made a great case for precious medals regardless of where the market went. What about a year from now, if we have a republican president and congress?
I’m happy to see today’s move and all, but does anyone get frustrated that they’re just kicking the can instead of implementing fundamental solutions to these problems? I’ve felt like we’ve been on a historic precipice for a few years now, and part of me would feel relieved to see it realize into some crisis that would actually solve the problem for good. Is this fear a new norm, or has anticipation of “the big one” in the markets pretty much always existed?
… as the great equities trader, Jesus Christ once said …
(work with me here)
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“Forgive them, Father … for they know NOT what they do !!!”
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… what would Jesus do ?
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I’m thinkin’ Jesus would be SHORT this “clusterfuck” !!!
AMEN !!!
.
Jesus is as real as your capital gains.
LOL !
That’s rich !
.
I’m thinkin’ Jesus (as it were) … would also see “Charlatons” … crawlin’ around here like frickin’ salamanders !
Just sayin’
.
You gotta love Christie–
http://www.youtube.com/watch?v=Ru74YtFaH3E
Obama said he knew the supercommittee was doomed to failure, so he didn’t get involved. So what the hell are we paying you for?
Doesn’t the Fed always do some crazy shit like this right before everything really goes to hell?
I thought we might slide into 2012 by simply burning off some fat from the bears’ behinds, so I’ve been hanging in cash since last week (except for some FXE puts), but after today, I’ve got to consider getting short again. Nibbled a little at the close.
From quitting the biz a month ago to up 12 percent.. that’s a wild ride.
This market is an apologetic wife beater, hopelessly range-bound until the next crash.
… I’m jottin’ that down !
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THAT … my friend is pure GOLD !!!
SERIOUSLY !!!
.
GAWD !!!
I wish I’d thought of that !!!
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One of the great analogies … EVER ! imo
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THAT is STRONG !!!
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WTG Fly
Sell into strength b4 profits evaporate
Don’t look at LULU!