The Greek opposition is going to lose, by hook or crook. The entirety of the European cognoscenti is against the Greek left wing. To think the election is going to be fair and honest is laughable, at a minimum, hysterical at normal speeds.
If you are short, essentially, you are betting on a full collapse of the EU. The fundamentals do not matter right now, since there is 1,000 points up or down from current levels, based upon the recent friction. Be honest with yourself: do you believe the status quo, who’ve invested trillions of dollars on keeping this circus act going, is going to, all of a sudden, have a change of heart and let everything melt, pathetically?
You, Sir, are delusional.
If I end up being wrong, and lose tragic amounts of coin, I will do so in baronial fashion. I do not bend and I shall not change my mind. It’s all or nothing and I am of the opinion that I shall have it all.
59 Responses to A Huge Move is Coming
Slap chop now!!
Gary B Smith said a week or two ago that he was buying and if Armageddon happens it wont matter if he is early.
Is Jim Cramer blocking you on twitter comparable to you banning ALF?
Pardon me dear sir but who is Jim Cramer?
I like it!!
Say QE happens. Say it goes up 1000 points. Then what will you do? Sell short? Retire. Stay long? What will you do after this QE?
I am gone until October
So you expect a crash after the 1000 point run up? How much of a crash 20%, 50%?
We go up and I am the fuck out. Fair warning.
Hell to the yeah! Did you see that greek neo nazi slapping that chick around on the teevee? The election is done, they lose.
So your risking massive amounts of coin on a coin flip…..brilliant
No. The odds cannot get any better than this. It’s a bet worth taking
What is the time frame for this expected move….starting, ending…
Gary. First get a new name. Gary is weak and without a doubt not good. Then go from there.
Don’t worry, 0bama will pull out all the stops to get re-elected. First, he will back any failed nation in the EU with cold hard cash and right now he is making sure gas heads down to two-fiddy a gallon. Then there is the Oct surprise, but he can’t wait that long, he will have to reveal it soon. (It was going to be the gay thing but I screwed that up by tipping my hat too soon).
The entire Theater being presented via the Eurozone is only being done so the individuals Countries which comprise it will give up some of their Individual Soverienty, The Euro zone will then be more unified and the Euro will strengthen and dollar will fall. Same will happen to the U.S. The show must go on
Huge rally next week
right or wrong, this is worth watchin. bot tna at the close. small, still mostky cash. fly ur writing is excelent, thanks for your posts, this tape will self destruct in 10 seconds.
Superb post, Sir Fly.
I agree on positive results of Greek election, but with this chop-fest who knows how this stupid market will react, I hope you are right though.
Looking at the carnage, some great companies so beaten down, look at NKE, TIF even LULU (what no demand for sexy ass?)
Just a general question… how much risk are willing to take on a trade? Do you have a set max or do you just have faith in the fudies? I have been here for years and have watched you stand tall like tankman (FTK) but do you have a limit?
It depends, really. Right now it’s not about the stocks, but macro.
The Cadet’s logic is sound.
The Federation will insure stability on the planet Greece.
This smells of the debt ceiling issue, when everyone was chomping at the bit over the weekend that 9Bama would resolve it – executive order type of shit.
Not that I disagree that an election can’t be fixed, the consequences are dire either way. Besides Greece feels like a sideshow now with all the other shitty data coming in.
hey the real deal is ru happy, do u make ur family happy? do u tell them how much u love them. everything else is just bullshit. fuck this market it will always be here. but time is an ever escaping dream,you cant never get it back.regrets r 4 ever. cherish what u have, dont covent what u dont.
razor. Of course you have a point. But your point is poor people bullshit. Money is what it takes to make that bullshit matter. Anyone can live under a bridge. Fuck that.
Bullshit never really matters. With money you can get people to pretend that your bullshit matters.
It’s good to make money. But also good to appreciate other things besides money in this world. Money ain’t nothing, but it ain’t everything either. Not everyone’s family life is working out well. But if it is, Razor is right, it’s enjoyable then to appreciate your family.
Whatever. Of course you are right in some relevancy test kind of way. Make money then you will never have to worry about it.
Stopping and smelling the roses and enjoying the family helps you to take your time in making money, which is usually the only way you can make it.
MSFT and AAPL weren’t built in a day. And a trader doesn’t need to be trading the market every day either. Like Chess always says, sometimes you don’t have an edge to trade off of, so you wait until you do.
Give your family all the love you can, and all the money you can too. It’s up to you and your abilities.
i think the whole greek thing was like , well so 27 seconds ago ..they dont matter anymore 1 way or another
It is a set up. Fucktarded Greece is irrelevant. How this eurotard mess is cleaned up is the game.
your posts annoy me matt dillon
Of course Greece doesn’t matter anymore.
Cause Spain and Italy do…
My view is that the Europe situation will have to venture to the brink a couple more times at least before all the parties come to an agreement that makes enough Euros available to keep the vultures away for an extended period (a few tens of months?).
Buy the brinks, sell the relief. I don’t see the Europeans reaching an agreement that allows for much economic growth. They have to speed up to zero growth first.
Do people realize that Spain has a better debt to GDP ratio than the US!!! If Greece hangs around and Euro bonds are even mentioned a few more times this summer than the global hedge fund wolf pack will close out their collective leveraged TRILLION dollar EURO/Swap/bond shorts as the small bullish reversal door shuts down to a tiny little opening. MELT UP. The Germans have benefitted greatly from a “cheap” Euro relative to the old half gold Mark. It behooves them to throw the hungry dogs the credit card whenever they get desperate, so that all those Mercedes E Classes continue to sell for $50,000 ish instead of $75,000+.
Euro Bonds would do a lot of good to prove to the Western Hedge Fund Wolf Pack that they just can’t keep coming in and making a tough situation worse. Oh yeah if you haven’t been to Spain its absolutely stunning. For all you idiots buying repoed homes in crap town USA, I have been thinking that long Spain is a play on some of the best dirt to own in the Eastern Hemisphere.
“I have been thinking that long Spain is a play on some of the best dirt to own in the Eastern Hemisphere”
And that rather nicely explains why so much private capital flowed into Spain, creating the massive real estate bubble and uncompetitive pricing on labor, etc., that left Spain crippled when the credit dried up.
Same deal with Ireland, Portugal, etc. I was looking at vacation real estate prices in Portugal before the bust and I was absolutely shocked (really shocked, no hyper-bowl [sic]) at how expensive the prices were.
I don’t know how the narrative got flipped to the fantasy they’re selling now to support austerity, but it clearly was a case of tonnes of mis-investment by the banks, and now the banks need to be bailed out, and the politicians are too stupid or corrupt to just bail them. But of course that doesn’t support the narrative of the lazy spendthrift Greeks, the lazy southerners, and the smart thrifty Germans.
The Brits had it right. Stay from the Euro, bail out the banks, and get ensnared in Rupert Murdock’s sleazy games.
I would never buy outright but their banks are tied to it, just sayin. I bought EWP calls a few days ago and am pretty excited that the Greeks are seeing the light as are the Germans.
Socialist Gov’t might steal your dirt, particularly if you are a Yank.
US the next bond bubble to be questioned get long TBF
Love the Pulp Fiction photo. Dude had that watch in his ass for 6 years.
You sir are a MAN! No hedging statements, no nebulous either way comments, no wimp out. I am sick of those who give ‘safe’ answers which say nothing…
Their yogurt seems to be popular.
what good is money if u cant enjoy it.
Grreece will fall. You can’t fight the math. The only question is when and why. It could be this weekend. Since I have no clue I’ll sit in cash. If you think it won’t then bet the farm.
At SOME point, bailouts become meaningless and numbers become insurmountable.
Some ONE has to take pennies on the dollar (euro whatever) to reestablish equilibrium.
The banking class is LOSING control (and by the way, do not have innate control)
Let’s HOPE revolution takes down any fixed election. Spain10yr 6.99. Aw
Brave positioning Mr Fly, long into this weekend, and while i agree that capitulation is unlikely , the fact it’s possible is enough for me to take my handbag and parasol and hide in cash.
Fake Amish…while you’re distributing advise on handles, perhaps you should take “Authentic Doucheag” for a drive, might be a good fit until you mange to contribute something articulate, relevant and intelligent.
wow, talk about the Fly’s proverbial dynamite loaded, hydrogen tipped, laser guided missile, heading for the SUN
this will be a splendiforous sight to behold, in all its gore or glory, one way or the other
I’m getting my popcorn ready
wont be surprised if Syzria wins and gets a majority. the fucking spain bailout did them in(euro). im sure they want a bailout as well now with no strings attached. in their minds they all want to just say fuck germany’s conditions and go “300 like and kick em down the well while yelling this is sparta”
i say this as i am in my foxhole in a fetal position waiting for better days and better trends
We’re going up.
i sold tna
Europe will need to eventually write down a ton of debt. The deflationary pressure will be extreme. The printing presses will have to run flat out just to maintain the status quo.
After years of miniscule interest rates and vast gov’t injections of cash into the economy, we should be experiencing runaway inflation. Why are we not?
People have lost faith in the intrinsic value of things, whether they be companies, land, metals, anything. The only thing people want is cash money and if they have it they don’t want to give it up. How else to explain it’s stubborn refusal to deteriorate in value despite the govt’s best efforts.
What to do, what to do?
Buy fucking anything anywhere when the world rights itself. The Brazil thing was a joke. Horseshit obviously.
Buy it before the world rights itself or you’ll miss the move.