“Poof! Like magic, your fucking rally has vanished.”
-MERLIN
Hedonistic joy and ebullition is going to be exchanged for dark death and capital punishment. Very quickly and sweetly, equity markets are now in peril because we are not creating jobs fast enough. If I recall, this is the same HORSESHIT that graped stocks last year. Having said all of that, symmetry always reigns supreme, and I am bound to give back all of my gains, AND MORE, because that’s what the Gods want to happen.
See, I have no choice in the matter. No matter what I do or say, losses shall be had, because my life is designed through grit and hardship to make me a hardened, callous person. Sure, I throw old fuckers onto live electrical wires and men in “wheeled chairs” into idle sewer pipes. It’s not because I am a “bad man”, only because I am built to do such things. For example, many of you are programmed to celebrate the “zombie lifestyle” every Easter, going to church and making believe you’re all pious fuckers; when in fact, you are vagrants. I, on the other hand, enjoy to eat and play “find the hidden eggs” with my kids, purely a secular tradition.
But something very dark and ominous emerges, dear friends. I can only sense it through the deepest corners of my subconscious. YELP is only part of the punishment that I have been sentenced to. I gather from my increased arrhythmia, the whole lot of my holdings shall fall like Rome to barbarian hordes or Mexico to stupid.
The reality of the situation cannot be altered or changed, in any way. I cannot go back in time and change things because that would mess up the space-time continuum, thereby setting off a sequence of events that might render my life obsolete. Losses must be booked if the direction is lower. Being stubborn and failing to acknowledge a wrong position will only deepen the agony and make for a harder revival.
Get it?
Cheers to revivals on this easter sunday aka “zombie lifestyle” day.
http://www.youtube.com/watch?v=5Sn6u5YPfZA
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First. I am clearly Risen!
Found on the internets:
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lol! that didn’t work.
A game
Just a game.
This cannot be more than garden variety correction. Why? This will sound stupid but if the market were to fail AGAIN here, the party is fucking over and the stock market is dead for a generation, no way in hell you’ll EVER get the the individual back in the market. This cannot happen lest we become 1930’s all over again. Stupid, huh? What can I say. I have nothing to lose in believing we’re going to new highs. The flip side is me and a whole bunch of people losing their job via new great depression so why worry about that eventuality anyway.
Why does a down market mean depression?
Market desperately needs not to fail because this is the opportunity to get the individual back in the market. If it fails again, no way you’re getting the individual back in this market for a generation and it will have a huge negative effect. Which is why I believe it won’t happen. Only your typical bull market correction. Nothing scientific, just my gut opinion.
Not a bad theory kelkun
Pullback of 5 – 10% at some point this year then off to the races… again.
While we wait for the pullback to be over……..Time to get out the grill for a nice Tea-rubbed Filet Mignon Steak with Buttery Mushrooms……..
As gentlemen we only use Earl Grey tea leaves for our paste (2 tsp. Earl Gray tea leaves; 1 tsp whole Black Peppercorns; 1tsp dried Tarragon; 1tsp Kosher Salt; 1/2 tsp Dried Thyme; 3 tsp extra virgin olive oil…I prefer Lambda which is produced by Speiron Co. in Greece). I suggest a Screaming Eagle Cabernet Sauvignon Napa Valley, 2007 for the wine. May God bless our country and it’s citizens.
Carry on,
Multatuli
Why are you ruining a steak? Pepper a little salt, that’s it.
Napa cabs are generally overblown, over the top. Maybe try an Oregon or Washington cab from a different set of chemists.
Also, you suggest buttery mushrooms but no specific mushrooms. May I recommend white chanterreles or black morels with that steak? The mushrooms make the steak.
We could even go down 20% and it could still be a so called correction. We’ve gotten used to almost one way markets with long bull runs since 1974. It wasn’t always this way. Earlier market history (pre-regulation) had regular shorter bull and bear cycles.
Once the $AAPL effect (all $APPL all the time) gets corrected out, we’ll be back to some sort of “normal”. When that happens, or how far we’re from that, who knows?
There is one thing I’m certain of: people will rush in too soon and buy “bargains” too early. They will lose more money than all of the bears lost calling a top did.
1987 – criminal S&L rally
1999 – irrational exuberance rally
2007 – criminal CDS rally
2012 – rational exuberance rally
But to invest now is like investing in 1999 or 2007.
Jobs act baby…
They have to get us back into stocks and pump like the 90s.
You assume the public will ever come back to the markets…The peasants I speak with are more interested in the return OF their capital than the return ON their capital.
lol- classic statement
Why are you speaking with the common folk? They are there for our amusement, not for engaging in social interaction.
when was the last time we had a “garden variety correction”? the individual investor does not exist. the masses with money are old they buy bonds not stocks. the system needs cocaine to exist tho. pension funds and what not. so it comes down to the election. do the bankers want the 0 or not?
Tricks of the old crew, yes. 0bamma is a silly inexperienced puppet that can be played by Rubin, Geitner,etc
My road map.
5-10% correction (from the highs), bottom a week before FACE ipo.
Then next leg up into the elections.
Then it’s all over (gtfo of stocks for a bit).
Crap, didn’t read all the way down to see your post before making mine. Looks like we are in agreement here.
In one day everyone turned bearish. Crazy.
If we don’t bounce Monday, I’m back in the tall grass!
Fly,
What about house hunting? Wouldn’t that be a perfect blog post that everyone could relate to? Talk about traffic to this site. Everyone can relate.
I’ll do one soon.
fly is long RSH and SHLD 🙂
Your clue to get out of the market was APPL inexplicable parabolic rise. Same shit happened in 1999/2000. You know what happened next. Why should this be any different. Happy Easter.
Look at Cisco parabolic rise from 5 to 20 in less than a year.. Then it went to 75… Same with QCOM and many others…
One stock doesn’t make a bubble, and even so, when does it end?
It isnt inexplicable rise… Its called post earnings surprise drift and earnings acceleration with apple… Capital has been unable to bid up price high enough in short enough time to keep up with growth.
For a slow weekend check out @the_ironsheik on the twitters. This guy has completely gone off the reservation.
More like it is The_RustedIron Shite
Mike Wallace passes
http://www.cbsnews.com/8301-18560_162-57411010/60-minutes-icon-mike-wallace-dies-at-93/?tag=cbsContent;cbsCarousel
Bearshitter.
http://www.youtube.com/watch?v=teXPMVg-4q4
I commend this guys work ethic.
AAPL peg ratio is 0.69. Maybe the price action is not so crazy.
fly, I get it! you actually are quite righteous and benevolent.
Brooklyn reminds me of where i grew up in Philly. In philly (not some F**kin suburb.
i grew up in philly too,and not some suburb. although my sister had lived in upper darby raising her family after 40 yrs.
Anybody seen Mr “Fully Invested”?
Just asking …
Dr. Fly, you were in similar mental state back in early March with the VXX positions etc taken to the woodshed, but you dumped the shorts and embraced the longs and did well. You can do the same this time around with your Fly senses, and demonstrate that “mean reversion” (http://goo.gl/KhCwV) doesn’t apply to your trading profits. You won’t have to give back the profits.
1. China tells military to ignore rumors, shuts pro-Bo website
By Chris Buckley | Reuters – Fri, Apr 6, 2012
2. Operation Twist program by the Fed will receive more and more attention moving forward. The program is projected to end in June. The next schedule will be released on 4/30/12 and, since the end of the program is very near, the Fed will likely release the schedule thru June. Backing out the thought process further, this places a heavy weight on Chairman Bernanke’s two-day meeting a couple weeks from now, especially the second day, 4/25/12,
The market is correcting, but I don’t think we crash. This is an election year, and the market will be propped up by Benanke and Obama if needed, ala ‘Weekend at Bernies’.
Ishtar (Easter) is a pagan holiday…
How do Christians not ask themselves…
“how do we go from…
“Christ has risen”
To
“hide the eggs, Jesus is coming, paint them colors and dress up like a 6ft rabbit!”
Among many other things…
When someone (including you) has a belief system that works for them, whether religious, political etc., they do not have it for rational or factual reasons.
Recent psychological research indicates that most of what we humans do, we do for emotional reasons. Then we make up logical sounding explanations to justify our decisions, after we have already made up our minds/hearts.
I rationalized using that philosophy once while at the Blarney Stone and the lady three spots down from me started looking fine.
How do you know that research or the scientific method itself wasn’t derived from emotions first, justified by logic afterwards?
That’s pretty funny/clever.
Holla! I am back. No one knows me, but feels good to say that like I am some important shit. Good seeing you Senor Fly.
I have a feeling that Monday, half of the people are going to sleep in and the other half are going to laze around like add addled fuckers. Markets go sideways. Tuesday we resume our ridiculously unbelievable rally.
Ready to get back in action…yummy!
Slacker! Where have you been? I have missed your blog and twitter posts.
B, good to see you. Life altering shit was going on. Hope to have fun with the markets this year.
I used to be a slave to money (among many other things). Then Jesus saved me & changed my life. Now I live for Him.
He can save you too, Le Fly, if you’ll have Him.
I don’t worship zombies
You can curse all you want, but please no blasphemy! Dr. Fly.
then mr.p u shall truly be blessed.
Wow, he’s risen. Last time I saw Merlin was November 30th as he was “poofing” away the European crisis some 200 SPX points ago….
Welcome back, buddy. Happy Resurrection.
I loved that merlin. I’m a merlin skeptic when he doesn’t poof things the way I want. Down With Merlin!
Should be a nice day for me, unless some central bank comes in to fuck it all up. BoJ is meeting, but a softer Yen should fuel the sell off. BTW, did you see how China and Japan are getting together on IMF talks, ahh all talk, no money so far.
i hope today goes good for you, but i might lighten up after today(shorts). imho. this may just be a 1 off month. next year will be the cliff.
This is the signal. I will commence buying today.
A 5-10% sell off is not going to do much for someone short since April 2009.
100% SHOMP in GLD. easily paid for a couple years of PPT. Im into it. Ive seen enough.