Destined For the Circle Jerk

Once again, I glared at the warm market waters and dove in, without prolixity. My head hit pavement and my skull cracked in half, paving the way for my brains to fall out of my head–leaving me stupid.

Yes, indeud, the market is heading lower. There is a person on my teevee who believes we are going to crash again, 2008 style. Quickly, everyone panic and go to cash! I timed the market with precision, military grade, at the ultimate top of today’s trading range. I stepped in and purchased large blocks of DDD, JIVE, ESRX and ULTA, like a big fancy bow tied money manager, drinking shots of century old scotch as I pressed “buy.”

We were +50 back then, now we’re down 30 and just getting warmed up. Hell, the man on the teevee says we’re going to zero, so we might as well listen to him. After all, he must a denizen of truth and prosperity, being a CNBC guest and all.

Cocksucker!

I am down 0.3% today, which isn’t so terrible. But I was up more than 1% this morning. This market is, without equivocation, the very definition of “circle jerk”, an iron lotus to the head, sharp clawhammer to the top of your noggin. I am so fucking pissed off right now, I feel like punching holes through my windows.

Previous Posts by The Fly

43 Responses to Destined For the Circle Jerk

Mr. Pink says:

What are your thoughts on stocktwits

Reply
The Fly says:

If I wanted to partake in a social media experiment, G rated for muppets, I’d send my content there.

Reply
Donkey Arbitrageur says:

Wall of worry remains high. Do you remember the sentiment in April before everything was sold for an entire month? Everyone, even Nouriel Roubini, said stocks were cheap and we were going higher blah blah. May started and the markets dove.

Sentiment is not quite as bullish as people say, and 1454 has held since the QEinfinity announcement.

Reply
wtf?! says:

Don’t worry. Within minutes I expect to see a post entitled “FUCK YOU BEARS; YOU’RE DEAD” to be quickly followed by a post entitled “OFF TO THE RACES” to be followed minutes later by a post ……

Reply
jimmy_two_times says:

youre post is so mine yesterday, you really do need a time machine!

Reply
wtf?! says:

Sorry sport. My time is incredibly valuable. I only have time to read what’s important and occasionally post some frivolous nonsense.

Reply
francesco says:

they’re maneuvering the market down with oil ( fed happy ) to load the last bunch before next rally ( oct/nov and up to xmas time )

Reply
jimmy_two_times says:

I always despised “the man on tevee”, shit talkers, and constatnly talking their book.

Oh yeah what about Cramers QCOR call?!?

Reply
Dan Dangerdance says:

I thot folk knew by now to watch porn or ganster flix while trading, but NEVER financial tv. WTF, that’s Trading 101.

S&P 1430ish, BTFD, albeit a brutal motherfucking ride down, fellow long bitches.

Reply
TraderCaddy says:

Stop watching CNBC.
Some suggestions:
1. Watch Three Stooges reruns.
2. Head to the city and just ride the subway back and forth all day.
3. Build bird houses.
4. Get a bike and ride through your leafy neighborhood.
5. Head over to Princeton and check out the coeds. On second thought maybe not (direct correlation between SAT scores and ugliness).

Reply
Sierra Water says:

The 5 yr daily chart of the major indices looks a little scary, buying at the top of an aging bull market… However, a 5 year weekly chart shows that maybe we have 100 pts lower on the NAZ followed by a return to open ended QE liquidity driven appreciating equities. What equities really need just as bad as MBS purchases by the fed, is Stimulus programs by the congress which have driven earning over the past several years in the mfg sector. If that stalls QE is just going to shit on itself.

Reply
flyaway18 says:

Seems to me, from what you write, that you are pressing. You said immediately after QE was announced, don’t go nuts as there’s plenty of time to make money. Then you go against your own advice.

Reply
L.K.W. says:

DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS “AS IS.” NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

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