Over the past two weeks, the bears had the bulls reeling from renewed euro collapse fears. These fears permeated the psyche of run of the mill, staid, Wall Street money managers to the point of capitulation. But the bid was there the whole time; you just couldn’t see it on your level two. The funny shit, you all knew the end result. Every single one of you bearshitting motherfuckers knew the central banks would come up with a policy response, because that’s what they do. You relied upon German irrationalism.
WHAT THE FUCK IS WRONG WITH YOU?
The common theme amongst bears was “well, they will step in, but much, much lower.” Oh really?
See, it’s never about the level, fucker. It’s about momentum. They weren’t about to let this shit get out of hand, like 2008. That is, without a doubt, not the fucking template for consolidating control. 2008 is a recipe for anarchy.
Oil is +2%, Euro is +1%, US futures are +19 and European markets are indicating +2.2%. It’s melt up day, Gents. The bulls have outflanked the bears and will fuck them from behind (no Greece) tomorrow.
Ciao (most annoying form of goodbye).
51 Responses to The Momentum Has Shifted
Indeed. The hallowed halls indicator of maximum bearshitting worked again. It never fails. Keep the enemy close then take their house.
If the crude oil-ETFs come off the morning high -> may be one of the better percentage gains available into June-July.
Throughout all of this shit-fest I’ve been averaging into long positions since ~May 7th because I knew the powers that be wouldn’t let another meltdown happen. As of June 4th I am 80% long in my portfolio and going into tomorrow is gonna be like getting a financial bj.
looking for a retardo upside move from the banks… if not, over the next 2 weeks or so, be careful intermediate term imo. LOTS of carnage in that sector. needs to bounce
I thought they would step in lower,yet I was not a bear shitter either just hedged with a 35 net long.
Especially when you think he is losing, he is really winning.
And beware when he smiles because likely he is polishing something sharp and pointy.
I am still waiting for that “fuck you, you are dead rally” title which will signify that another leg of bull market has began
Pretty sure there are many trapped bears since last friday, just waiting for all the stops getting hit this week.
Sounds very much like the rant akin to the ‘call of the wild boar’ from someone who bought social media at 20, proudly rode it to 30 in roughly 3 weeks or less for a 50% gain, yet refused to book easy profits.
Then proceeded to declare in boastful, grande fashion for EVERYONE who would hear on StockTwits and Twitter, “I haven’t sold a share”.
Then rode it back to 14 and change in a stupendous, apocalyptic, gut wrenching decline that had every shareholder wondering who was managing their money.
And is now boasting once again of a bounce, and hoping, praying, attending weekend seances, and sacrificing small neighborhood animals that further world stimulus may correct previous trading errors and egregious, monumental mistakes in basic money management tactics.
But then, I’m simply putting forth conjecture from the gambler’s anonymous convention.
All of this makes me want to yelp.
When you buy at 20 and get an upmove, when, and at what price(s) do you sell?
You sell at exactly 0%< Greed
For the record, I haven’t attended a seance since last year.
As for “proper wealth management”-
Your time horizons are one and the same of a degenerate Zeeco trader. Anyone can buy and sell when things get rough. But not many can buy and hold through the fire, knowing that they will be proven right one day?
It’s true, I lament over having to endure the pangs of paper losses; but I never changed my mind on what the stock was worth then, nor now.
In the end, I eat your fucking liver and that’s all that matters.
Is that how they make chopped liver?
The Fed and other central banks are going to keep doing this, over and over again.
It will be a real shock when the real reset has to be hit.
$1700 trillion in world-wide gambling derivatives, secured by $70 trillion in various assets.
$70 trillion is about the entire net worth of the world.
So at some point in time, who knows when, the house of cards will fall.
This is as far from a “free-market”, as the free markets have ever been.
Good luck, I am not shorting anything. The problem is, when the time comes to short, buy puts, etc. it will be banned.
Most likely the reset will hit over a weekend. They will have to come up with some new world currency.
I do not have faith in the dollar.
The gold/silver argument is still a valid one, imho.
No one cares about “free markets” here, pal. Take that argument over to DENNINGER.
This is about banking coin, not enacting change.
Ciao bella is worse
Banking coin is what I shall do, my dear friend!
Buying silver coins.
Dr. Fly, thanks for your astute observations over the weekend. Makes a lot more sense then all the crap I heard on financial news TV this past week.
That’s true that nobody wants to see what happened in 2008 ever again, so makes sense the European policy makers will take action.
I believe this past mid-December to March was an example of a pretty strong melt-up that can happen (one that you road pretty well). Will be curious to see how strong the next one will be.
er, meant “rode pretty well”.
I think we should wait a few days to see how this move digests. I wouldn’t get over excited just yet
It feels like the markets are about to go on a tear, to me.
Just the basic gut vibe.
After all, the first part of 2012 was pretty damn punishing.
I think all worlds finacial powers have finally aligned to steer the ship.
Add to that, it’s an election year.
Just a view from the ‘burbs.
I do like you Whaler. I’m just a coarse individual.
Really? So the world is gonna end anyday but you are bullish now? Get ready to sell off again.
I will not listen to your horseshit.
Get ready to get your dick cut off.
Long and strong. STFU mode initiated.
long tex please ramp up so i can buy some new salts,all out after a full weekend at electric daisy
the only one who’s been getting this right and wrong (mkt up, mkt down)is Cramer from whom le Fly has been getting his cue, right?
Cramer on Squawk is when the Today Show becomes enlightening and morning SportsCenter becomes riveting,
Fly, I am willing to go into a very risky upside position, specifically with calls. Any recommendations?
whatever man. blue horseshoe loves TNA 50 June 16th Calls.
i own 51′s
degeneracy of a bull
Afraid of a pullback, I’ve shot to many stray children and slung to my keyboards. This pain cannot go on.
Deciding whether to close positions early or ride out this weeks rally to the end.
If another IMF official decides to sneeze and fuck everything up cause the media will overplay it causing me to become homeless ( aka not enough liquid to call over strippers daily) once again, I will be fuking pissed.
Watch the market melt up all week back to sp 1400 levels before we can say, ‘my bitch bad looking like a bag of money’
Now folks, did anyone really think that Barrack would let anyone down? Just last week he cut a check for 450M for mortgage “assistance” in Chicago alone. And you ain’t seen nothing yet…this is just the beginning.
30 points SPX down from open IMO. It always has been like this in the past and will not be different. We have seen gap ups like this faded faster that bullshitters can shit – latest one that comes to my mind is Aug 1 2011. End result will be the same as back then.
Okay, can the bulls and bears stop with the predictions?
Everyone thinks they know what will happen.
Last time I checked, I was the only motherfucker with a time machine!
Mr.P need no time machine to see the future, he is a student of the past… once you have traded for almost 100 years you Know the future..
Anyways good night, go get some sleep, should be a nice day tomorrow.
Poof. Well, you know the rest..
It’ll be interesting to see how long this “sugar high” lasts. My guess is it’s a lot shorter than the last “Europe is saved!” bailout.
The problem is debt and the world economies will continue to go nowhere as long as the CB’s play this stupid game.
Sold some PUT’s and long some stocks so I’ll do well tomorrow.
What worries me is what this world looks like 5 years from now.
You know, out of all the cool this Fly says, my favorite is:
“Ciao (most annoying form of goodbye)”
I thought it was only me until he mentioned it but whenever someone says Ciao to me I want to kick them in the nuts. (I have friends from Argentina so it has come up before)
who cares about 5 years from now? we will all be eaten by bathsalt infused zombies. enjoy the run up party with some whores and live for now
Fly don’t listen to the haters, you’re critics will be silenced when you prevail. I truly believe that your holdings will prevail (except YELP, dude shits gotta go man its gonna be like BAC and stay down there)
Heh heh heh ciao