Old man stocks bucked the trend. I made money in 25% of my portfolio and received clawhammers to my skull in the rest. After last week’s sales, however, I am in a 20% cash position. But it doesn’t matter. Everything is dire, grim and dilapidating before our eyes. The facade, if you will, is being lifted and underneath are grotesque Greek people, eating olives, and yes, feta cheese.
It’s useless to try to guess what the market will do tomorrow or the day after. There is always a news event to save the day: you know it and I know it. Regardless, I have grown weary of this routine. Instead of fighting the meat grinder, frankly, I’m inclined to dive into it, just for the sake of finality.
Nothing is working but old men stocks and that is depressing. All of my big ideas have turned into shitsicles, topped off with a fucked up review from the homo-hammers at Yelp. By the way, this article cannot be exported to Stocktwits for its obscene vulgarities.The tender folks over there have communicated uneasiness about my verbiage and would appreciate to exclude their corporate clients from the ongoings of this house.
The people of iBankCoin are barbaric in that regard, accustomed to using foul language and spitting on homeless people, as well as using the word “bitch” when it is deemed appropriate.
In closing, I welcome the meat grinder and spit on you, regardless of your position in life. I haven’t sold anything; but it’s not necessary, frankly. With 20% cash and another 25% in stocks like KMB, LNCE, PEP, CHD and GIS, there is little reason for me to agitate about the process. I am only interested in the conclusion.
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Where is Fly’s urinal?
this is horrific
I have noticed that the esteemed Scott B’s language has become more “colorful” over the past months…
fuck fuck fuckedy fuck
Lol
The fly was banned from stocktwits? All is lost.
Not banned, but censored.
Those goat fuckers banned me for calling someone, gasp, “stupid”.
Fuck them.
20% cash…wnr?? Ag?? aapl ??
Still in those names.
Stick a fork in me
then youd be forked………..
The bank bailouts, that was a heavy burden for the country to bear.
Yet we already have J.P. Morgan losing $2 billion, due to trading vehicles that were too complicated for them to even monitor.
A bit of data I found interesting, was we spent more bailing out the banks, than NASA’s entire budget since it’s very inception.
Now they have all but scrubbed putting any more money into NASA’s future.
Now all that cash is going to the military-industrial complex, into bottomless “black budget” pits.
Although, now even NASA is acting like THEY are the NSA!
Those solar observer NASA satellites, which are amazing, all went down in unison (for technical reasons) because of this:
http://www.youtube.com/watch?feature=player_embedded&v=z4I5XD1TCpE
The Treasury made a profit on the bank bailouts. It was no burden.
We can’t let facts get in the way of a good conspiracy theory.
Just watching this shit show… PM miners in full bear market, macro on ignore…
traders are getting panicy.. margin calls coming soon
Love my grandpa stocks and bonds…. got to stay balanced, but port is blooding nonetheless.
Italian banks just got downgraded like anyone gives a shit anymore.
Dr, what do you think of YHOO here?
Meh
Thanks.
Aslo curious what are your thoughts on FB IPO?
It will likely doom the markets, as all of the fuctards declare bubble.
Unlike the people at Stocktwits….we are real men 😉
And real females…Stocktwits should be bitch slapped,lol.
Funny, Stocktwits doesn’t like your foul language but they have no problem publishing links to Seeking Alpha shortseller inspired bear raids on small cap stocks.
That is screwed up.
Heaven forbid speculators are subjected to written vulgarities during their otherwise bubblegum internet experience.
Fly,
Your financial prowess has assisted me in banking much coin over the past 18 months. Moreover, your witty prose and insightful rhetoric helped spark an interest in the financial markets that has led to a job offer for an analyst position with one of the bulge banks and another with an asset management firm that has around $40 billion. So a hat tip to you, good sir – your work is more than appreciated!
Any advice on sell-side vs. buy-side?
Bulk up on dried foods.
…and salty snacks.
Translation: Fly is heavily invested in water-filtration firms.
ESFS to the rescue..thats European Science Fiction Society
Fly please start looking at some short ideas through puts to balance out your longs. JPM Aug/Sep 37 puts had very low premiums on Friday and I loaded up, bought a few more today. EWG/EWQ are a great hedge against your US based longs. EFA/EEM also have VERY liquid put options that respond well on UGLY red days. 10-12 more days to go! I think the Greek tragedy will be just what the market needs to heal itself. Europe will be able to ring the fenses around Spain/Italy going forward without the smaller tumor distracting where the real chemo is needed.
and Ban in 3…2…1…
No need to ban. He is entitled to his opinion and relayed it like a gentleman.
Love your verbiage fly. But then again, I am from Queens.
OEW Daily Recap: Dow finally confirms downtrend and a bottom could be at hand … all eyes on SPX 1322!
“The market sold off early today and entered the SPX 1300 to 1340 Major wave 4 support zone. The DOW even made a new correction low. And yes, as expected, the DOW confirmed a downtrend. All four major indices are now in line to end this one month correction. We did some calculations earlier today and uncovered a cluster of wave relationships at the SPX 1321/1322 level: 38.2% retracement of Major 3, Intermediate C = 1.50 Intermediate A, and Minor C = 0.618 Minor A. Another gap down opening could near this level tomorrow.”
“We have been waiting patiently for the DOW to confirm a downtrend suggesting that the end of the correction is near. Now it’s time to start looking for the low. Short term support is at SPX 1337, 1322 and the OEW 1313 pivot, with resistance at SPX 1347 and the OEW 1363 pivot. Short term OEW charts remain negatively biased.”
As Woody Allen once observed: “More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.“
Who’s in first for stock of the year so far? My SLW short was looking wrong to start but I think it was just a final short squeeze before the drop I expected
FYI, Rome was a great show.