“We’re heading lower, fuckface, prepare for the apocalypse.”
I am sure some of your stocks are cheap, based on arcane valuation models. The market is up 25% in a few months and all of the little people are leveraged to the hilt, using this distinguished place of industry as a casino. If I might suggest, they need to be “corrected.” In normal times, the market ebbs, then flows, whilst men of industry work on improving valuation via productivity gains. The problem with today is all ebb, no flow.
We need a correction, else this whole thing is going to blow up badly.
It’s not healthy to have unmitigated, unchecked rallies. Do not leave ignorant comments, asking why markets are allowed to fall precipitously and not rise indefinitely. Bozo, neither scenarios are valid and if you haven’t been paying attention, the people who bought the large declines got rich.
At any rate, I am stoically cash rich, betting for cheaper prices through macabre musings. On dips, I might go long coal names, as they take supply offline due to poor electricity demand–partly thanks to the lack of snow. Or, I might buy a restaurant or two, with a side order of a good retailer. But I will not chase the market, as I am in a position, up 18% for the year, to wait it out.
Patience.
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time to take profits
Fly, take a percent, long USD/CHF, and open a bank with the profits.
Naturally, of course, I get voting rights on ingot design logos.
“I’m afraid they will need to be corrected in the harshest way possible”.
Grady
You’ve always been the caretaker here, Sir.
I am 80% cash and 20% short via TZA and SKF. I sold all my Feb SPY puts on Friday and one of the most horrendously egregious losses I’ve suffered in a while.
I shall hold this SKF until I’ve made my money back AND MORE.
Quit begging for a correction, just because you have been insufficiently invested for the last 300 Dow points.
It is unseemly.
You will get your comeuppance sir
Rigged Game
Did I beg for anything in the above post? If so, please point it out. If I am not mistaken, I believe the tone and tenor of the post is to avoid being a degenerate gambler, something you will be learning to avoid in the near term.
As it happens, my gains are more than sufficient and I’ve played the market well over the past 3 months. Your comments are unnecessary and certainly uncouth.
More people should go short immediately – listen to the man!!
…. whats that?
The Greek stock market is up 4.8% today as I speak.
Did I say to go short?
You read on a 3rd grade level.
You say we are “heading lower” so by definition there is money to be made by going short – surely?
That couldn’t be further from what I am suggesting. Unless you can point to the explicit suggestion of going short, you have no choice but to accept and acknowledge my emphasis on raising cash and taking profits.
OK – I’ll take the hit! You did not suggest going short.
My point though is that you did so by inference (at least by selling winning positions). Which I have no intention of doing.
There is still lots of money coming into the market.
If you have the skill to time pullbacks great!! For the rest of us..
How long have you been an investor? Do not take offense to my question. But you sound either naive or inexperienced.
Either way, I wish you the best of luck.
Only 20 years.
I’m not an investor by the way. Swing trader, and I never anticipate the end of the “market” swing. I wait for clear evidence of distribution. There is not any yet as far as I can see.
Indeud!
I can’t imagine watching the market for 20 years…I am so jealous.
Thanks to following your advice, I am up 14% for the year and have 40% cash.
BTW: I own two stocks, SODA and CPST. Go look at them now.
MOTR up over 100% in 3 days!!!
It’s the MOTR boat.
$SODA. Burp. Where’s the ETF $BAR or $WINE?
Mr. Market just seems to do whateve he likes.
NY Giants championships: 1956; S&P -10% in 1957
1986 (season) S&P +20% in 1987
1990 (season) S&P +20% in 1991
2007 (season) S&P -40% in 2008 (roughly)
Some shit just doesn’t correlate.
This bastard is basically at support. (even on a monthly.)
$ATPG
M.I.A. should be.
Fly are you looking at valutations yet or still the oversold Algos?
Thanks
Did you see “Driver” Fly? I think the clip you shared embodied all of the action in the entire movie. And I am going to get a set of those headlights he had in his car as apparently, they are totally indestructible.
Crack spreads up over 5%!!!
WNR green…Holding
Try an antibiotic.
Market will definitely pull back at some point but this is how bull markets are born. The world is not falling apart and we were priced with the expectation that it would in the summer
Strange…Today i find myself mostly flow, very little ebb.
goin long today, in 80%
all nat gas plays.
I have a good retailer lined up too. More on this later in the iBCFN.
Actually the iBCBN. Get it right.
Building more cash– +25% now. 25%+ YTD
Crack spreads up 6.76%!
Mr. Fly – did u see CPST filed a 100 million shelf today?
Does that concern u? I was thinking ofvbuying some but then saw that. Curious of your thoughts.
Thanks
Holy FIO!
More unexplained rock carvings 12K yrs ago:
http://www.youtube.com/watch?v=Xo0ZkgqM1TE&feature=email
Gobekli Tepe … 5 min mark
umm fly what was with the CPST $1.40 to $1.20 move yesterday? The shelf ?? Ugghhhhh
ticket punched at 16.5% up on 2012. AG, BAC and GSVC the main contributors
I think it was Yogi or Tea in Oct that warned me to take profits, I said no because I had to find out how a Bear Market rally moved off of the Bank of England giving out QE. Well, I see how fast and hard it did move, ouch..it pushed right up to a fibo point where the junk bonds are not giddy at all. IMHO RBA (Aussie Fed) will cut tonight .25% because they have been getting crummy econ data, (esp jobs). ECB and BoE won’t cut and BoE won’t give as high a QE that the market priced in because they have to hold their bullets if Greece falls apart, AND more importantly, (One of my top picks of catalyst of the year posted Dec 2011) Sarkozy is voted out of office..if this a bear market rally it should fall apart pretty soon and my pain will be over.
You do know you can still see how things unfold without having market positions. What good is all this grand thesis work going to do you when you are fucking broke?
Stop being an idiot.