Fuck the “old economy.” The “new economy” is all about connecting to other people via inane web comments, text messages and Tweets. I like to “Instagram” my evening cups of Earl Gray tea, whilst figuring out how the government faked the lunar landing.
All of the HORSESHIT that you folks call “commodities” have been, umm, commoditized.
Shares of copper stocks are decidedly lower.
Shares of oil and gas stocks are decidedly lower.
Shares of gold and silver stocks have made Jakegint scarce ’round these parts.
On the other hand, 25 year old punk kids are getting “rich as fuck” via social media, selling their dot coms for billions–allowing them to build castles with real fucking catapults, surrounded by moats–guarded by teutonic knights. Life isn’t fair. I know. After all, if there is anyone more deserving of a moat or a fucking catapult, it is me. Unlike the retards from Facebook, “The Fly” would put those weapons to use, bombarding his neighbors like they were Berlin and I was Great Fucking Britain.
Here look at this:
Now look at this:
Those are custom indexes that I built inside of The PPT, for social networking and commodities. Month to date returns tell the story. No one gives a shit about Dr. Copper anymore. It’s all about disseminating real time information through eclectic mediums. Get it?
Unlike others who suck the balls of these social media dogs, I am here to tell you this is a fantastic bubble to take advantage of. I believe this may be the sector that can make people a lot of money, something we haven’t seen since the dot coms days. We’re just getting started.
Back in 1994, I was buying and researching early stage internet stocks, namely AMER. When I entered the business, I began to invest in dot com stocks with all of my life force. The only problem: it was 1997 and I was early. We all knew the internet was gonna be huge; but the volatility crushed so many people before they got started, in earnest. The same shit is gonna happen now. There will be MONSTER winnners; but the volatility will shake you to your fucking core, making you want to light your face on fire with BBQ coals.
If the world is still around in 3 years, you will look back on this period as the nascency of social media and regret not buying one or two YELP’s for the long term.
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My sis is lucky she bought a place in SF last year. Property values are going bananas from these rich ass kids and their IPOs.
SF is on fire.
If you think SF is on fire now, just wait a bit
And China, which only a few months ago was going to be bigger than the US by 2020, will crash and burn, never buying another pound of copper. Or so I’ve read numerous times recently.
Your thesis about social media has much merit over the next several years.
Thanks you fucking bozo.
Lol
Long live the technological revolution!
Do the dot com dance (jump up, cut your legs off in mid air, then fall and bleed out)
lol awesome
lol
and SBUX killing it? The connection?
Have you tried tweeting after a four shot espresso? Try it.
FLY how do you feel about how Pandora has traded?
Pandora sucks.
Very rarely do turds float.
Pandora is your grandkid’s radio; give it a chance.
Fuggin’ site puts up insane user hours #’s.
Excellent post.
Everyone’s quick to point out that the FB IPO is the near-term top. And it may be. But the event is a fucking GAME CHANGER–longer term, of course. It will be standard against which every social media co will be measured against. Why don’t make shit anymore because we don’t need it. Huge factories are not conducive to our hedonistic ways of life. Social media networks are. What makes me certain social is the next big thing is that there are so many doubters. Don’t worry about monetization. Once the computer geeks get out of the way and real businessmen start running these companies, there will be plenty of money to be made.
I dont know lets not get ahead of ourselves here. While I do think social media is here to stay with us…This is just euphoria for a new technology, thing, trend etc. You can clearly see this euphoria expressing itself in the high valuation some of these stocks are trading at.
Once this trend/fad/whatever passes,and revenue growth hits a top or slows significantly, valuations will normalize and this will be another boring sector of the market.
This isn’t a fad. This is a social network revolution happening at the same time as a mobile internet revolution. The internet is being reborn. It stands to reason that Dot com 2.0 will be just as bubbly as the first go-around.
I’m with Pedro here. The problem is that it is impossible to tell how revolutions will end, or who will be standing when the others are bleeding out, their legs cut off.
For this reason, Fly, I propose that you turn your social media index into an ETF;) (no mutual funds!)!
hmm..sounds like sentiment circa 12 yrs ago…you have awesome posts, but yelp, social media (free shit). sorry man…people will wake up when some dickheaded add charges your cell phone $20/month for stupid shit for 3 months when your’re not paying attention..BTW i just ate some shit for when you prove me wrong.
great post. the game is greater fool. what a company makes in earnings never has and never will matter.
If the world is still around in 3 years…
Are you kidding? Don’t forget the Mayans … it will be all over in December of this year…
Should I, then, pick some $VXX leaps?
If the Mayans were so friggin smart, why did they make calendars for themselves that lasted hundreds of years longer than they did?
I plan on buying lots of Facebook in May and more In June when it drops back. Zuckerburg is pure genius.
The commodity here is information. Information users willingly give up on a daily basis. Favorite foods, sports, activities. Social status, marital status, financial status. It is a gold mine for marketers. In the past we used magazine subscription lists, information from credit card companies and the like to try and put together a portrait of the consumer. Today, they do it for you. People who don’t participate make it more difficult, but the truth is you’ve been doing it for years by buying cars, houses, and applying for credit cards. Embrace the opportunity to catch the wave while you can. The big kahunas have not even come in yet.
I hope $GRPN gets to single digits. I would be a buyer.
Not sure how it is Social Media but I really like them best among all these names.
So Groupon just ran promo here for Anthony’s Italian Ristorante…. sold 1,000 $15 deals ….raised $15k in cash which they took $7,500 …. WIN WIN WIN…customer happy – Anthony’s happy and Groupon Happy.
Bought some B12 shots through Groupon a few weeks ago.
I highly recommend them. Great mood booster (not that I needed one).
Groupon is dead. They will be a laughable business model in 5 years.
He’s still a Fuckin Asshole!
Right on. I think this who;e Em and Eurozone sheet (sic) will kill commods.
Look at the commod sensitive TSX rolling over and the run it has had the last 10 years. Then relate that to the run all the commods had during the same period and you can see its stalling out.
I’ll hang on to my MSFT and INTC thanks…..BTW both have been richly rewarding,plus I sleep like a baby.
Mr. Fly,
Surely, you have a trebuchet. The moat filled with saltwater crocodiles can’t be THAT far off.
Just because you haven’t sold your soul, doesn’t mean you won’t retire a billionaire.
By the way, thank god AA saved the market today. Now we need some more greedy companies that have maximized their quarter by out-sourcing, and forcing their workers to do the work of two or three people.(retail will tell the story)
They are getting us ready for one world government, with third-world wages.
Oh yeah, I forgot to thank Facebook, for their IPO is also a critical timing event.
GSVC rocking today!
Dullards are bears always
Why not buy DANG, instead of YELP? DANG is on top of your list…..YELP is #4…….
YELP sounds better. I mean, “Dang” is tabacco spittin’ bar slang, whereas “Yelp” is what a wolf puppy does when it’s calling it’s momma.
We are in the late stages of this boom. I try to piece this together in a coherent comment, but it’s all jumbled. It is GSVC but on a grander scale. Stay away, these small companies are picking at pieces of the larger ones market share and being bought up. This is not healthy. Stay away this WILL implode. You can try to ride a YELP wave, but this is not sustainable.
I am in CPST as of today and will buy more. Everything else is fad garbage.
Source: I am 275 years old.
OEW Daily Recap:
“This downtrend, Major wave 4, should unfold with three Intermediate waves, (A, B and C). The first decline should have only been wave a of an a-b-c decline to end Intermediate wave A. Then we should have a counter trend Int. B wave rally, before the final a-b-c Int. wave C decline to end the correction.”
[Note: a=down, b=up, c=down]
“We posted a general Major wave 4 target between SPX 1300 and 1340, with the most likely support between SPX 1313 and 1327 on the SPX hourly chart.”
“Short term support is now at the 1363 pivot and SPX 1354/57. Overhead resistance remains at the 1372 and 1386 pivot ranges. The short term OEW charts remain with a negative bias from SPX 1410 with a swing point at 1389.”
Longitudinal wave Qe3 will unleash fresh coin spawning Megabux wave $ driving SPX 1600 in continuation of election year major wave fuckery.
What are your thoughts on ACOM? Thanks in advance.
Yep, short cash flow and earnings, buy hipster hobbies
Rely on the bigger idiot – there’s seldom a shortage
$LYSCF gonna run today on news court case was dismissed (up 11% premarket)
http://finance.ninemsn.com.au/newsbusiness/aap/8450496/request-for-lynas-plant-review-denied
Bought my Yelp for a Fly rental. Holding some commodities too.
Can’t keep up with Wall Street hustlers rotating in and out of stocks. Not my game.
Commodities are Dead?
Not so fast…..
le Flea nails le commodity bottom! 😉
Until today at least.
my day off,where’s the FLY DAMN IT!!!!!!