It’s official, I’ve befittingly become everything I loathe about life, a regular old fucker in a rocking chair, spitting at the kids playing on my yard. Not too long ago, I’d act on my convictions and accept the risk of being invested, for good or for worse. But, I’m such a fucking pussy now that all I do is build watchlists and point to stocks that should trade up, like BID, TIF, MAS, JWN, YELP, MTW, TRIP etc, yet do nothing about it.
Instead of worrying about why the market is going up, I should be doing lines of cocaine off the dead faces of bears. This is fucking ridiculous already and I’m really starting to get violent over this shit. Next thing you know, I will post some HORSESHIT about how “incredibly homosexual” this market is for going up, describing– with animalistic fervor– my love for earl gray tea. Get a fucking grip on reality son; no one gives a shit about your beverages! Grab a cup of black coffee and fondle your nutsack Fly.
My performance has been nothing less than purblind over the past month. This is classic “afraid of success 101”, where I was unable to accept a windfall and run with the market, to take more. Instead, I nearly fucked myself into a VXX bind, luckily hedged by an enormously stupid 60% cash position.
As I slumbered in the tall grass, a fucking lawnmower chopped me into little pieces.
I sincerely don’t know what else to say other than “I am a fucking ham and egger.” It’s official, so feel free to spread the word. “Le Fly” is a fucking ham and egger, pussy of mountainous magnitudes. I will be drinking excessively this weekend to drown away the pain I feel right now, the stinging in the middle of my chest, reminding me how I missed out on a golden opportunity.
I can certainly sit here and pretend this shit doesn’t bother me. After all, I haven’t clown raped myself too bad, with 60% cash; that’s pretty hard to do. For that, I give myself a fucking sarcastic golf clap. But, the truth of the matter is, I feel like committing arson on a grand scale. Fucking 5 alarm fires with nuclear detonations inside densely populated areas–releasing my anguish upon innocent homeless individuals who happen to be in wheeled chairs!
I WAS DOWN 0.12% TODAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Preserving your outsized beginning-of-year gain is what held you back, and no one can fault you for that, however, regarding your VXX position, since when is cash a hedge?
IT IS A HEDGE AGAINST STUPIDITY. I diluted my wrongness.
Get it?
If not, I’ll just ban you.
Don’t feel so bad, I’m still not up 17% for the year but I am close.
There is nothing funnier than a man, with a talent for writing, self deprecating all over himself when the reader can relate to exactly what he is saying.
Negraeff…you would be fun to take to party…as a sideshow.
aw come on – boring old fuckers are some of the richest people of all, I have yet to witness the situation where Fly fails to have the last laugh
Nice to know you have a humble side.
Now man-up and bitch-slap this market!
We all have watched this anti-gravity market with amazement…
Don’t beat yourself up too much. There are plenty of reasons to be short this market. At least you are not that.
“I donnn see nothin wrong, with a little bump n grinddd (playing it safe)”
– R Kelly, investor, pisser extrodinare
well at least you’re honest and up for the year so keep relaxing there
The worst part is all the money wasted on those Tony Robbins tapes and Suzy Ormond DVDs…
C’mon, Fly, unlock the giant within…
Don’t worry le Fly, your crash is coming soon.
P.S. Why does XOM have a Buy rating at nearly 5 year highs.. wth
Im actually kinda pissed cuz I sold like 75% of my shit last Friday rigth before the Greeks got their shit in order
What about your clients, what the heck do they think, have you done better for them than you have for yourself?
what the fuck are you talking about?
What do you mean, “What the fuck am I talking about?” You said you have different accounts, your personal one and I assume client accounts as I was under the impression you have clients and so that would be another account.
Everything I say here is for managed accounts unless said otherwise.
How do they feel?
They are +15% for the year.
The FlY is truly great. I made outsize gains this year, however I don’t think I can ever be as brutally honest with myself like you just did in writing this post. And no less, for all your followers to witness. Fuck the money, you have powerful insight to your own soul.
insight. soul. critical.
Let me be FRANk … I’m a Pit Bull and I made $ today ….
Late Morning OEW Update:
“With the SPX exceeding the 1378 high the alternate DOW count comes into play. With Minor 1 now at 1267 and Minor 3 at 1378, Minor 3 = 1.618 Minor 1. The next fibonacci levels are: @ SPX 1407 Minor 5 = 0.618 Minor 1, @ SPX 1448 Minor 5 = Minor 1, and @ SPX 1449 Minor 5 = 0.618 Minor 3. Also, the next OEW pivot is at 1386, we are in that range now. The following OEW pivot is at 1440, which fits with the higher relationship. Should the SPX/DOW continue higher, the uptrend moves into its fourth month. This would suggest an uptrend high in May. Surprised the US market can continue to uptrend while 10 of the 20 foreign indices recently confirmed downtrends. Nevertheless, it is what it is.”
OEW Daily Recap:
“We posted a quick update this morning after the SPX cleared the 1378 level. The post is just [above] this one. Rather than topping at the SPX 1378 level this uptrend has decided to extend. The alternate count that was posted on the DOW charts has now become the preferred count. Anticipate, monitor and adjust. Today’s rally not only cleared the OEW 1372 pivot, but also cleared the 1386 pivot as well. Next fibonacci resistance is at SPX 1407, then the OEW 1440 pivot and the fibonacci SPX upper 1440?s. Short term momentum is extremely overbought, and the SPX has just hit the upper trendline that has contained this entire uptrend. Keep in mind, the current rally started at SPX 1340, and its largest pullback has only been 8 points. Typically, during this uptrend, minor pullbacks have ranged between 11 and 20 points. This rally is quite overdue for a pullback.”
Thanks Tea!
Fly, you and the genius Scott think the market goes down because you are out. It never works that way. Do yourself a favor give your money to a mutual fund. You dont have balls for this new school market.
I’ll save someone the time and just say it: you’re a punk bitch who sucks hobo dick for crack.
Why Rob T because you wanna praise people who have been trying to short AAPL at 300. These are influential people that kids in the market listen to. Dont ever call me a name again sir?
Did I say short apple at 300?
No
So go fuck a camel in his mouth.
Is that a question or a statement? You don’t even have your facts straight. Troll on, camel fucker.
time to short
You used to be lean, hungry, and stealthy. Now your just a fat cat. It comes with success.
What hurts more, losses or missed gains?
I ask myself that question when I sit on the sidelines during rallies. It doesn’t really make me feel any better but it beats punching myself in the face.
Market’s open tomorrow. You’ll have another opportunity.
Sir Fly, I find when you randomly muse about stuff– any stuff– is by far the most genius and profitable… Hence I thank you for your Luxury list: KORS BID TIF RL and COH and snort a line in your honor.
fuck that,go out and do somethin outside the house like i did today,fuck the portfolio and fuck everyone else i haven looked at mine in over 3 days, i dont give a fuck,nor should you…it’s fucking bar b que time motherfucker start bbq mother fucker rice pilaf and a salad and some beer some kisses from the kids and FUCK EVERYONE ELSE. fucking bastages…WHO GIVES A FUCK.
Kass shorted AAPL @542 and QQQ @64.80 and still shows up on CNBC as their resident “expert”.
https://twitter.com/#!/DougKass
I hate Kass “I can cut 30% from any company’s bottom line immediately”. So, can any hatchetman business consultant, like myself.
Did he mention his trading timeframe? The speed at which AAPL reverses and plummets when tax time and “May flowers” spring true to life will be monumental.
Thanks for dropping those Bombs. Master Fly saves the day.
Long live Mr Benjamin Bernanke!
If The Fly is a ham and egger, he is a HoneyBaked ham and a Faberge egger.
You’re on the right track, but I would substitute “Prosciutto di San Daniele di Friuli-Venezia Giulia” for the HoneyBaked and maybe add a little Italian White Alba Truffle to fully highlight your point.
Take a week off and remember it could be worse. I was up 30% and then gave back half over a five day period trying to anticipate shorts before the pullback. Everything is a learning opportunity.
But where do we go from here? 1400 has it’s .45 in our mouths. I opened a small BAC position yesterday, and just added to it after I came home to 6 percent gains. I figure the financials will have to carry us above 1400. I also opened a half position in Arch Coal, although I know full well the robots will take natural gas below $2. Wish I never sold FIO, but it is hard to add to positions like when we are facing that 1400 level.
KBH…
Seriously starting to actually see footings going in for houses, first time I’ve seen that since 2008 (except for my own footings)
might be a good “hold till summer and see” stock?
but, who the fuck knows.
Rubbing a large amount of VXX all over your chest then throwing yourself into a lit fireplace once a year – I thought that was a yearly tradition.
well, golly, sometimes they DO ring the bell… buy financials I guess. and if THAT works, then pretty much anything should. guess that’s proof it’s time to follow Fly into VXX.
Fly’s always the angriest just before the win.
Frankly, I think it’s because you’re in the market to buy a house. That’s enough to screw with anyone’s normal way of thinking.
And this, too, will pass.
Fly’s Theme Song :
http://youtu.be/Yo-_Y4aL1uo
.
Of course, there’s a Bowie tune befitting a SAM :
http://youtu.be/muMcWMKPEWQ
.
The “professional” money scrambled for the proverbial keyhole exit the first week of March. Now it’s time for them to panic back in. We go higher still.
http://www.naaim.org/naaimadsenttrend.aspx
Don’t be so hard on yourself. We just came out of years of whipsawing stocks. Who would think that with the new year, suddenly there are months of a steady trend up. We’ve gotten wary of the rug being suddenly pulled out from under us and the market laughing in our gullible faces.
Also, it’s hard not to think that as soon as you switch gears the market will also.
Tight stop orders are your friend right now.
Oh Nympho, come out come out wherever you are.
I told you I always win.
A classic cautionary tale as to why one should never argue with the market.
The sell off was starting and the gay JPM came out with the news. OK, tell me the timing was not planned. Notice how the bond market sold off along with the eur/usd. Notice how the USD/JPY moved up to 83.00. Bond money was coming out like crazy, yet the volume indicated it was not going into the market…it was going into cash.
You lost. Find a new hobby.
Banks look pretty solid in their stress tests for the most part.
“The sell off was starting and the gay JPM came out with the news.”
Uhhh no. Like with most of your investment theses, you are seeing what you WANT to see, rather than what is there.
Time to start letting reality dictate to you.
LOL I love this post…
Sometimes when I am betting on the market going in a certain direction and I have positioned my portfolio to profit if I am correct, I find it difficult to change direction if I am wrong and if my positions are under water.
I come to your site several times a day looking for trading ideas.
LOL
MY PREDICTION:
The liquidity pump is going to be at full blast until your dead grandmother is fully invested in this market.
At that point, the US dollar is going to crash.
Then all the toys are going to go back into the box.
Here is some investigative reporting material for your new job position Fly:
Retail/Mom and Pop investing at Etrade, TDAmeritrade etc…
How much have average account balances grown/declined for a given time period?
What percent of account balances are invested in equities at any given time?
I want to know if Joe Six Pack is in the market or if what we are really seeing is a market that is propped up by our government through direct intervention.
Is the market destined to rise regardless of the state of the economy/public debt?
But not green eggs and ham!
Hey Grampa Fly, tell us one of your old-timey stories about the good old days when you would clamp onto a bull market like a bulldog on a bone? !
Always a little early, but always right. What is the secret formula? What??? FLY+2, FLY+3? Dammit, what is the frequency Kenneth!!!
u know its bad when Fly is talking about drinking on the weekend to numb his pain and it is only TUESDAY!!! OYE!
JUMP!!!!!
well if one’s testicles were fully operational,what would they be buying today?