I am tired, not from the emotional stresses of the market, but physically tired because I didn’t sleep last night. Perhaps it is just my somber mood; but we’re fucking toast. Fuck the Facebook and its nerd CEO. The whole thing, the market, economy, financial order, is going to shit. Greece had a bailout and then decided to elect lunatics who are filthy LIARS. By declining the bailout and leaving the euro, Greece is executing themselves. Fucking idiots.
I am somewhat pleased with my precious metals today and WNR (MY FUCKING COCK!). They appear to have bottomed. But everything else is for shit. TZA is knocking on $23 and The PPT isn’t even OVERSOLD yet. This is, without a doubt, the worst possible market at the worst possible time, ahead of the biggest and gayest vampire ipo to have ever come public.
I have shares in MTW knifing lower by 7% daily, as if those bozos were ready to file. Unbelievable.
There is no trust and the world is being ruled by fucking imbeciles. To think we are still above 12,000 is a fucking miracle. With all the news and likely outcomes, prepare to shed another 3,000 Dow points over the next few month.
Greece leaves Euro. Spain and Italy get bailed out. Markets crash. Merkel fucks herself in the Rhine.
DISASTER
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Gerbils running wild on the streets of Europe
I couldn’t agree with you more. I am staying only half invested and only in gold/miners.
If only you had predicted this.
http://www.forbes.com/sites/ericjackson/2012/01/05/crowd-sourcing-the-top-2012-twitter-stock-and-market-picks/
Yes, I did predict it and we’ve yet to begin.
But you didn’t sell????
I was all out, positioned in TLT and VXX. I got back in.
But, I am still 25% old man stocks and 20% cash. I’ll live.
Brünnhilde makes her entrance and takes charge of events (the Immolation Scene). Brünnhilde issues orders for a huge funeral pyre to be assembled by the river. She takes the Ring and tells the Rhinemaidens to claim it from her ashes, once fire has cleansed it of its curse. Lighting the pyre with a firebrand, she sends Wotan’s ravens home with “anxiously longed-for tidings”; they fly off. After an apostrophe to the dead hero, Brünnhilde mounts her horse Grane and rides into the flames.
The fire flares up, and the hall of the Gibichungs catches fire and collapses. The Rhine overflows its banks, quenching the fire, and the Rhinemaidens swim in to claim the Ring. Hagen tries to stop them but they drag him into the depths and drown him. As they celebrate the return of the Ring and its gold to the river, a red glow is seen in the sky. As the people watch, deeply moved, the interior of Valhalla is finally seen, with gods and heroes visible as described by Waltraute in Act 1. Flames flare up in the Hall of the Gods, hiding it and them from sight completely. As the gods are consumed in the flames, the curtain falls.
Achtung! Wagnerian metaphors and their Prussian symbolism should be buried along with the bund and Merkel’s merkin.
Wagner was not Prussian.
The Ring is the Euro.
The Rhine is conveniently close to the EU centers.
I am fucking scared …. and naked, no open hedges left…
Full commando mode walking in FB casion
Freaking indexes keep on falling AH by the way
Fuck Feta cheese!!!!!!
I need some fucking powder for my crack…a bad case of swamp ass has set in.
Nice to see you so cheerful today. I’m betting on Sexy Alexi to save the Western World from doom “Come on Alexi for a Greece that’s sexy.” http://www.irishtimes.com/newspaper/world/2012/0515/1224316129452.html
xoxo 2 all!
interesting to note that some commodities, not just PMs were in bullish mode and oil didn’t crash today… grains popping for the past couple of days
I think you need a vacation, perhaps Santorini, bring a hot pizza for the locals.
On days like these, it’s best to unwind with a massage while waiting for your grilled hamburgers.
LOL
Are you still long WNR?
big
looks like jpm, has a bigger problem, 26 bil has left as investors flee. so selling begets selling. so 2-3 billion was just the beginning .will they end up needing a bail out ?
Finally, The Fly has come around!
I think this Facebook offering will become the great inflection point of ALL markets.
Down the road, those of us who are still here, will speak of “around the time that Facebook went public”, as the time that the whole world came sliding down around it.
The market is back in dot-com mode, complete with full-turbo idiocy, Mr. J.P. Morgan, leading the way.
Everyone is bailing on this phoney garbage, yet Joe Public can’t get any IPO shares?
This bubble, instead of being created by small investors, is good ole’ Fed QE money, and the banks are playing with massive leverage (again) afforded by it.
It is the dollar saying goodbye.
The future will not be so much about money, as it will be survival.
I hear a Viper starting up.
This market is not in “dot-com mode”.
If you were there, you’d know…I was.
IOW, nothing’s changed…I bet if you go back a year, there will be multiple armaggedon posts too..so boo fucking hoo..
I PROCLAIM EVERY LAW PASSED IN THE LAST 3 1/2 YEARS NULL AND VOID.
http://www.breitbart.com/Big-Government/2012/05/17/The-Vetting-Barack-Obama-Literary-Agent-1991-Born-in-Kenya-Raised-Indonesia-Hawaii
you should always get a good night’s sleep mr fly. not sleeping well means one can be more prone to making emotional decisions.
i think gold right now is looking quite attractive. perhaps in a couple of weeks.
Ambien and/or Lunesta can help short term insomnia, although, some people have reported doing things they do not remember while “asleep” using them (like eating, having sex, taking a drive, etc.)
I have taken Ambien and woke up to find that I updated my Facebook profile saying that I was “Fluent in Ebonics”. Although I found this amusing, it was probably not amusing to my Ebonics speaking friends who know I am hardly fluent.
So if you take Ambien, I suggest taking measures to lock down your email and any social media platforms close by – because you will access them and you will write shit you normally wouldn’t; and you won’t remember doing it.
I read that some woman painted her kid blue it the middle of the night, after taking an Ambien of course.
Perhaps combining a little PPT with OEW woult help alleviate some of the pain?
We are not at max pain yet. This will be pushed to the precipice, as it has before, and then they will take action. Look how bad it has been the last interventions when someone stepped up to the plate to stimulate!
My expectation, is that the next stimulus will be a global co-ordinated effort and will be nuclear in response. The catalyst will be the Greek election next month, but it also all the underlying and deteriorating data that has surfaced since Q1 earnings.
Cant let a good crisis go to waste, and Uncle Ben can argue that the Euro trash caused this and he will not stand by and have his recovery messed with. A co-ordinated response also allows the Fed’s move to appear apolitical.
then again we could rally of FB.
My condolences on your MTW investment. Why did you purchase this instead of TEX?
It is kind of bizarre, how right around the IPO of Facebook, all these really negative stories are popping up in the media.
First it was GM “ad pull” news release, which made all the major news outlets, radio/TV/internet.
Now it is in the blog and vlogosphere. People are suddenly turning extremely negative on Facebook as a medium.
I have been reading all of this stuff, trying to separate the truth from the b.s., and it actually seems that Facebook is a bad bet for advertisers, this is not good.
Ad buyers are bailing on Facebook, so how will they make revenue now?
Will they turn on their real customers- their users?
Personally, I left Facebook when they announced all your data would become permanent and delete-able. They also own all of your content once you post it.
This is looking a lot like the next Yahoo.
Facebook is a Ponzi Scheme:
http://www.jperla.com/blog/post/facebook-is-a-ponzi-scheme
That’s crazy talk. Don’t believe the bearshitters on Twitter, they hate on everything. Facebook will be a game changer.
Is this North Korea? Why am I always awaiting moderation?
Ad buyers are bailing on Facebook, so how will they make revenue now?
This IPO is purely for the big dicks to cash out. They don’t care if they make revenue in the future.
Zucker is one scary mother fucker..imo evil incarnate.
Up for 14 straight weeks and no one complains.
Down for 5 weeks and the world is ending.
Too many drama queens.
Up for 14 straight weeks and no one complains.
You don’t click on Scott’s blog too often?
Rarely…although I enjoy his commentary.
I prefer the term wuss pussies but yeah…
Fly, I had intense back/shoulder pain for 6 months when I was addicted to exercise. The x ray tech said I had THREE crushed discs and that injecting steroids is pretty painful, might not want to do it, and discs don’t grow back.
6 weeks of heat/electical massage didn’t help. It disappeared like magic after 6 months. So what about the azzhole who read my x rays ?
Gallstone and kidney stone pain stays very low in the back. It does not radiate up as an elbow injury might.
Don’t be so fast to trust the medical world.
http://youtu.be/cbZnrPFQFmU
.
Most doctors are idiots.
Da Bears. Win
FROM: THE BOOST
TO: THE BOOST
do not mention that your FAZ is up again today another 6.16 %…..
and no matter what do not mention that FAS could get beat down to 30 and perform a magical 1 for 5 reverse split and then get beat down from there to 20 where you might buy it ..
wait untill tomorrow when its up another 7% it will be friday
Fly
was reading your other post where you mentioned pain in the hip to the shoulder..i had similar problem was sitting on my wallet ..i have a habit of putting receipts in it and over time with all the plastic and cash it causes you to sit wrong …and when you drive the bouncing around adds to the problem….try this >>remove your wallet when sitting for long intervals ..and check the seat in your space craft …it cured me
as weird as that sounds its true..and it doesnt take long to cure that problem if thats the cause …
Greeks never have this problem
they might they do alot of sitting on rocks
they have no wallets… Germans and French pay for everything
very true
I don’t sit on my wallet.
a new chair may be in order ,you are getting older
Fly,
I love you man but you are an emotional roller coaster! I watched the German lady last night and she is actually GIVING IN!!! They are gonna print and they are gonna still help the Greeks even AFTER they leave the Euro. Euro bonds will be created this summer and the continent will rest easier. Look at our TLT to know how crazy this has gotten. Too many bears and too much fear to crash now. A crash comes when people least expect it!!! We rally before AAPL’s June WWDC. Do you seriously think tomorrow won’t get some support from the mega market makers who are all in on the FB IPO???? Why didn’t ANYONE around PPT/iBank not join me in shorting the crap out of JPM?? I just closed out some hugely profitable positions and moved my strikes lower but longer dated puts.
I haven’t panicked and sold. Therefore, you are a liar.
Good Day
release the homo hammers
Listen – and stay calm
http://www.youtube.com/watch?v=hHsnECVc_DE
These new people here have no idea that you are even more profound in the midst of a bear market. You all think his writing and other profundities are great when he is winning in a bull market? Wait until he is winning in a bear market. LONG LIVE HORATIO CLAWHAMMER!