The market is on a roaring streak higher, avoiding any semblance of moderation. How calm has the market been? We haven’t traded down more than 1% for several months now, first time we’ve accomplished such a feat since the grande old days of 2007. Oh how I long for the subprime days of 2007, when the world teetered on collapse and men invested heavily right before the bottom dropped out.
Believe me, had I warned you about the market back in 2007, you would have ignored me and kept on buying dog shit. Wait a cotton picken’ minute: I was blogging in ’07 and did indeud warn you!
Look, we’ve been down this road before, haven’t we? I tell you what is going to happen and you ignore me because your brains are small. For a while, you will gloat while swimming in the shit soup, decrying Le Fly as being “passe”–because that’s what faggots do. But then it will all unravel soon enough and the market will sip your soup, leaving you sitting there with dried up feces all over your face.
It’s worth noting, I am merely watching this ordeal, not really in, out or betting against. I’m up nearly 20% and have 75% of my assets in cash. It’s true, I own some VXX and TZA, but nothing too serious. I also own TIF and CPST, but nothing too gargantuan.
We’re running higher on fumes. The bubble is expanding. But I will not try to pop it. It’s equally dangerous trying to pop the bubble as being inside of it. One never knows how far the bubble will expand before it pops. The only thing we know is this: it most certainly will pop. It is not a question of “if” but “when.”
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The Fly is God.
as soon as the NASDAQ hits 3k it will sky rocket to 5k. why the hell not!
Fly what are your expectations on a pop of the bubble, 3-6% buyable pullback or are you thinking the floor falls out to the tune of 20+% drop?
absolutely the same picture being painted.i suspect that the deck chairs will be shuffled till the dow meets it’s maker at 14k. till then we have more than enough circus to distract the unsuspecting all the way till november.bears need to stay patient here. being early………nosoupforyou
It will pop, but not before it hits ES 1490. Keep adding bears, your the one that is going to get us there
As Kenny Powers always says, “No Guts, No F*#@ing Glory”
I hope you have your track shoes on…
________
If you guys like Kenny Powers you should watch “Your Highness” playing on HBO now.
It is Kenny Powers meets Camelot.
Here’s one quote “How can you be talking to me and sucking my cock at the same time.”
By following the instructions….’speak through the tube’.
Indeud.
Sooner or later all bull markets end badly.
– Benjamin Graham
Reply to surplusdroids:
Usually later. Much much later than anyone thinks.
Frog
The market has certainly made its intention clear! http://goo.gl/bQxqp
Everyone just calm down and try a little MJNA and CBIS.
thanks fly, good words. market is pushing its luck up here
bot yge, 4.01
So true about bubbles.
Favor me. Bust the Buffet bubble. “Buffett: Banks Victimized by Excesses of Ousted Homeowners”.
Enough already!
The $RUT will double top at ~930 in March and then again in June. The second trip to 930ish in June will mark the top and the next big move will be down.
meh,market is gonna make ya’ll wish you didnt sell in may and go away,for fear of not being able to get back in,but SSSSHHHH,we dont want the clam to know he’s busted.
Is there anything that is not a bubble?
Yes, a punctured condom tip.
Punctured armour, often a result of necessary roughness foul (no bruise balls).
Crapstone is shitting the bed again today. Buy YHOO– the easiest thing for Facebook to do is buyout their sorry ass.
I went to over 60% cash today.
Your language was “colorful” even back in 2007. Indeud.
Interesting post, because I’m running a long only algo strategy and its performance the past few months has been awful. It’s well diversified in terms of asset class, yet it’s underperforming its benchmarks on a daily basis. On the one hand it frustrates me that I can’t beat a basic benchmark like the S&P 500; on the other hand I wonder if there is some basic weakness in the market that stock-picking strategies like this tend to pick up upon sooner rather than later?
Steve was right, back in the day… Shoulda, coulda, woulda listen to Steve…