Once again, all of you fuckers who were calling for a market crash this morning were wrong. You’re like a living fable, specific to the boy who cried wolf. The market fell 75 points and no one gives a shit about Greece anymore.
Here is what is going to happen:
The fucktards who just got elected will find religion and tow the line. If not, they will be kicked out of the EU and Spain and Italy will enjoy strong ring fencing to support their borrowing costs via the ECB. If you insist on betting on disaster, I will adamantly bet against you. It’s true, the market has been tough; but let’s not listen to men dressed like cows, declaring all is lost. There is nothing extraordinary about the market action. As a point in fact, it is behaving as it should, more than ever.
Companies with bad earnings are being deflated, while winners keep wining. Old man stocks are regarded as safe havens and small cappers are volatile.
Gold and silver are horrible and TLT is on the cusp of $120 again. It is clear to me, the threat to the system is not Zimbabwe style inflation, but the specter of the economy falling into a deflationary vortex. Because of that, you can bank on the Fed providing a bid for this market. Now if you are in the camp who believes such a bid will only present itself AFTER a calamitous market decline, maybe down to 10,000 Dow, I believe you do not know the Bearded Clam very well.
He’s gonna get you bitches, starting with tomorrows trade.
NOTE: I am 110% long.
28 Responses to Leveraged Long
Fly- I’m curious, what is your YTD now, are you still in positive territory? Also, did you sell CLR? Any word on commodities? A lot of them have been shitting the shower lately. Thanks.
+10%. Yes, I sold CLR.
Commodities will likely bounce the hardest. I just don’t want to load up on them now.
Like in wining and dining?
This time, I kept the evidence.
“Cocaine blunts, hip-hop tapes, rubber car keys, and a bearded clam that’s baked[sic]“
Rhino I miss your posts in BN
Yeah, gonna try to drop one tonight. Been really busy with dumb ass school shit, like this 12 page paper on advanced option theory.
Hope you’re right Fly. I loaded the truck with May 18 spy 136 calls this morning.
i cant hear you over the sound of my awsom-ness. bot bac at the close
“Men dressed like cows” just makes me think of that 80′s classic flick Top Secret.
Damn, I was hoping for war.
I am the threat to the system. Mr Deflation himself.
Ya Fly long for sure. I am in gold oil and e-mini longs snortin junk off strippers lower back tattoos. Long live the clam and his coke-blunts!
Like the guy on Storage Wars. EeYuuuuuuup!
Fly, with all due respect. In a previous post you had mentioned no QEing until 10500 or so on the Dow.
Why the change?
>>Fly, with all due respect…<<
Lol, are you asking that question in an Ozone Park social club?
Logical, you should not underestimate the power of the words “with all due respect”.
Check out fly marriage tips. http://ibankcoin.com/flyblog/2012/02/27/this-elevator-only-goes-up/
I plead the 5th amendment.
LOL very Ollie North of you.
I don’t know if I am on board with everyone on IBC, including myself, having access to the Fly’s picture collection. Part of the fun of checking out the latest post was to see if the Fly would trot out Merlin or one of my other favorite pics. May seem like an odd request, but I respectfully encourage the Fly to be less generous, and to share less in the future.
Sold $P, bought $LNKD on the dip and sold 6 points higher. Not a bad day ($YELP notwithstanding)
I agree. Get your own images, vagrants!
Thought you might like this, one of your grandpa stocks are moving into Africa.
I BET IT ALL
May 2013, as I’ve been saying for 4 years here. Buy and hold.
Equity only put-call ratio at .98 as of today’s close. Average going back to 2003 is .65 with a std deviation of .12
So we are now almost 3 std deviations above the mean. The rubber band is getting ready to snap back and rip the tits off the shorts.
Spamasaurus Multipostus is having a wonderful time shitting all over the news tonight.
hope you are right, pal