Unlike Europe, our economy is improving. I am not hallucinating either. Frankly, this fade of the opening pop is the idiot trade and a trap. I declare with the utmost certainty, the dealers in magical arts are deceiving you. The sellers are over confident, buttressed by recent gains, ignorant to the jackal who awaits around the corner.
I sold out of REDF because it’s stupid Indian bullshit. I really need to reduce the number of positions I have, in exchange for potency. I will rally behind a few names and transform my lemons into sweet, delicious lemonade.
Pardon my brashness, for I am only a man with opinions. The rag dolls on CNBC chuckle over the current state of events. Unlike them, I understand what it feels like to be in this market. Unlike them, I have millions at stake here and I share your struggle. Having said that, my path is different from yours, as I endeavor to cut through the thick forest of uncertainty with a machete. Save yourself and wait until the path is cleared and the roads paved. While your potential fortunes may be less grande than that of my own, the likelihood of behind devoured whole by an anaconda will be nil. Find solace in safety of capital, especially during this festive time of the year.
All in all, I believe we are close to an inflection point, where the scales of uncertainty tip once again from manic-panic to gluttonous greed. My best guess, the next sell off will be the last of 2011.
http://www.youtube.com/watch?v=g4-d2i7ahtc
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fig, dammit.
“rag dolls” — lololol
I sure hope you’re right.
this has been the most painful freakin’ year EVER !!!
looking forward to a paved road instead of these pakistani montain trails.
Fade you
B_NN_D
I’ll buy a vowel. But tight stop loss
hope you were out of DECK before today.
Read Fly’s post before this one.
Must have missed that. Thanks.
I concur.
Supposing we get a final pullback, what would be your expected SPX target before the buying commences? Care to take a stab?
For $SPX – 1190 looksto be the bottom of the uptrend (green) channel: http://i1011.photobucket.com/albums/af240/death2000/Channels.jpg
That’d be a turning point, not inflection. Come on bro
BANNED
“cut through the thick forest of uncertainty with a machete”
I originally read that as cut through the forest with ‘my mustache’…which, clearly, would also be bitchin’.
DECK chart looks a bit like Gold. So according to JakeGint you should have support soon at the 34 week ma.
“My best guess, the next sell off will be the last of 2011.”
This is a “brilliant” statement from a (rightfully so) nervous man who has the conviction to bet his money.
what happened to the God damn Christmas rally? …when the market is not (just) doing what it suppose to do, I am nervous.
Good luck.
Shut up at once you coward!
The market has not done what it’s supposed to in about 10 months. Every “high percentage” trade has failed miserably. Seasonality means jack shit this year. It really is nothing more than a coin flip at this point.
“I refuse to allow myself to be drawn into the dark chambers of pessimism.”
Dr MLK jr., on Meet the Press in 1967
“woo-woo-woo”
Curly Howard- 1930 in “Soup to Nuts”
Fly, for your 2012 predictions, would be nice to see you taking a stand on Inflation vs. Deflation. It appears the real money will be made by those that bet one way or other, like Paulson did with the real estate bubble. Trading in and out of stocks is important, but longer term trend changes will dictate which stocks to “invest” in. Would really appreciate you writing about this. Thanks.
I like fish
So, with 2 weeks left in 2011, you are taking a the bold stand that THIS is the last dip.
Bravo, that’s deep.
3…2…1…
dude this market is not done going down
you are fading the fade?
no disrespect but you are in fact hallucinating