Have you ever tried to hit a knuckleball? It looks so easy, until you swing at it and the bottom falls out, leaving you flailing at it like a fucking retarded ape. The market is showing you TLT, then punching you in the face for buying stocks. Does that make any sense?
Of course not.
The homebuilders saw an early spike off encouraging data–then it was sold to you.
I hate to say it, but the market isn’t exactly accommodative right now and conditions may get worse. Don’t get me wrong. I go to work with a full chest, absolutely confident that the Federal Reserve has escutcheoned the market against the free market evils that lurk around the corner. We all want to eat cake and steak, yet still maintain a perfect body fat ratio.
The truth is a little more severe than you might have imagined. If you sit down with a pad and pencil, have a good smoke from your trusted pipe, and do the math: you will not like what you see. Some think the market is living on borrowed time. I think the economy is already dead and the market is living the zombie lifestyle–eating the faces of those who bet against it.
Have a sense of humor about these things, otherwise the troubles of the world will make you miserable.
In the meantime, there is money to be made. I have to anticipate the markets next move. My gut says I should be selling into August strength and prepare for a “september slide.”
Until then, my top picks are EXK, MRVL, VHC, DECK and CTRP.
NOTE: In case you lost sleep over it, YES, I did fix my iPAD.
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“escutcheoned”
Had to look that up.
keep your dictionary close. I will teach you how to speak english.
I don’t just come here for the humor and market talk…
I come for the formal education Fly provides on a daily basis.
It’s a part that hides the hole in the wall created by installing plumbing pipes. (Look behind your toilet for instance, it’s that silver thing).
It’s a noun in common form and I think it loses its meaning in this context; it’s more anthimeria than anything else. Fun fact- escutcheon, in medical terms, refers to the distribution of pubic hair. It’s hilarious someone decreed their pubes were a shield or coat of arms.
“then it was sold to you.”
LOL
NVO=$200
The next post on the V.Kingdom blog gets you in as a Knight…Limited time offer
You are becoming a stock promoter.
At least buy us all lunch.
Fuck that iPad.
Agreud, AAPL products are for gays, chicks, and hipsters.
Fly, are you still holding TEA?
yes
S&P Triple top BABY!! ???????
“September slide”… apart from the fact that it’s all headline risk (again) – September has been an ok month post ’09. TLT got a hit ’cause UK data uncovered some inflation, so the theory is that mining US data will give us something to talk about too… I’m inclined to think this ball’s been pitched so fast we’ll miss it. Let’s see if gold develops a positive inflation fear correlation (everyone knows it should) – maybe it will be commodities for September.
Are you a lone wolf with these sort of ideas, or are there others that think this way too?
The market was down 7% in Sept last year.
You are 100% correct. US markets took a hit towards the end of September last year, global markets generally trailed and hit their stops during the first week in October. I think I’ll go outside and chop my head off with a blunt axe, and hope someone else can carry on the scaremongering required for gold to begin to correlate with inflation fears.
7% from here is 1300,
5% is 1330,
and of course 3-4% is 1350.
If any of those came along, this crowd would go into Cocaine Gorilla mode.
Could Wall Street be ready to show Obama who’s really the boss?
DMND looks terrific.
Where is that asshole who was touting a SHORT on DMND over the past week?
Expose the summbich.
Nothing like salty nuts on a Wednesday hump day.
Remember when this site was straight?
People are buying a lot of clothes and shit. And the repo’d houses all need fix-up. People on unemployment are doing that kind of work under the table, buying their building supplies at HD.
As the old saying goes, it’s tough to buy food with a little money when food costs a lot of money, same with gasoline, and the economy is sub-“meh.”
When I was a kid I had a chance to take a few swings at noted knuckleballer Hoyt Wilhelm (when he was with the White Sox in mid ’60s).
I made contact a couple of times, but I sure looked stupid.
Tradder when are you going to stop by The V.Kingdom?
I have been there, but I must confess I didn’t know who John Meyer was. Oscar Meyer, I know though.
In the meantime I will continue to work on improving my bench press lifts.
I will do better after my hernia operation.
TraderCaddy, I think Taylor Swift wishes the samething.
The only thing they have in common is their magic “weiners”…
Hey Fly..
Stock promoter? They’re all liquid positions…Nobody but you could lift their offers…
But I don’t mind the lunch idea…We can invite the Devil, the goat and Johnny HJ…
Hey Fly, how big is your MRVL position? You plan to add to it before earnings or after?
I’m leaning toward more upside here, TBT is shaping up as a continued short-term trade with a target of $19. I’d buy more RIG if it fell to the $46 range, too.
Great heads up.
Those Zombies have been hard on us Bears, But we do our Cardio, Wear Seltbelts and search for Twinkies as we stay alive. With that surprise build in EIA vs the draw in API last night, this Oil rally holds on. But Option X is tomorrow for Brent and Oct 12 today is 113ish, not that 115ish that the low volume Sept is giving us right this second.
If treasuries keep spiking like this then we are headed into a serious fiscal crisis in no time.
Put a big bet on TBT a couple a weeks ago but lightened the position because I am a stupid pussy that’s too gun shy of this fucked up market.
” …the Federal Reserve has escutcheoned the market….”
I think that is because Ben is a clam- a crustation of sorts.
Surprised you have not picked up $SPPI: 42% short, 8.5X earnings and promising new stream of drugs going into FDA phase I and II.
what ever happened to tea time, bitches. you guys the biggest cowards since obama.
not only that, the internet is a fucking waste of time. summer’s almost over. did you do nothing besides read this crap? when it comes to follies like this kind of social networking, the internet is useless. guess what! there’s real people, on the real street! while you delicate few sit here and pretend the world of digits managed by the new thought police is real. step outside! JFC!
while your at it, get a goddamned life. the market’s as much as an illusion as your social life. move, fucking on. and, good bye. “online’ is just another let down that’s failed me, one day you’ll see.
i’m not saying fly’s work hasn’t been for nothing, it’s just served its time, it’s purpose passed, and here you yack. you wanna see the future? get your head out of your asstop.
I have been very productive today.
I made some early $$ on SMH etf and scalped FB for a nice gain. Called it a day after trading for 20 minutes.
Went for a 15 mile bike ride and then into the pool.
Now waiting for this PMs baseball games to start so I can watch them on my MLB app.
Just don’t tell my wife. She thinks I am sweating over the market ups and downs.
WKL…The Global Economy effects us all and to learn and understand it is just as important as learning about the human body. For today, this is what I wrote during the europe session….markets are not illusions, Central Banks are tough, but not illusions either….and what kind of market do we have today, tight range.
Trading_NymphMOD•10 hours ago ?
NYSE advance-decline volume is still in a upward bias, but the uptrendline is broken. Today the support is a mere -110,000,000 and a resistance at 227,000,000..this could be a really tight range trade today
Listen, trading nymph. I’m a chick. I don’t need to spoil my tender synapses with the wickedness of cash profusions and all the illusions of power and influence that go along with it. my interest is not in the global hegemony but how to evade and supplant it with something real as far as economies go, this ain’t real. it’s a game, at best, playing with our futures, betting and dealing and group-think, psychosis that could send us all into a deep dark depression at the slight hint of ya’lls psychological whims and fears, inspired by greed or who knows your minds. I’m not here to get your game but to motivate and poke, instigate and hope you’ll accelerate this stagnating pool. I’m bored to tears. what can i say?, i’m just a girl, and i have no interest in men games. just sayin’
MNRVL creeping up….earnngs surprise??
Just wait till Israel attacks Iran this fall…
Bath Salts Markets.
Chart of the year…low risk/high reward play on the short side. Can you see the pattern? Tagging the 50ma which has been a great spot to short. Adding to puts here:
http://scharts.co/OdhsI9
Check it out!
Our Boy KC Scott, is famous!
Good for him. Those slimebags deserve to be exposed.
_________
Is that why it is called Progressive insurance?
Having to deal with numerous medical insurance companies in my lawyer past (representing hospitals on assignment of claims) you better be aggressive when they deny the benefits on a close call.
Yeah. Like all other insurance companies hurry to pay out the maximum possible.