Fuck the crash of 1987. I remember that day as if it was yesterday, running around my stupid apartment, dodging cockroaches. I was 11 years old in 1987, an avid investor in all things to do with baseball cards and the occasional football variety.
Some of you are well aware of the caution flags exhibited inside of The PPT yesterday and the day prior. I take get pride when saying “I am in possession of a time machine, gentlemen. Would you like to go for a ride?”
We’re coming off an OVERBOUGHT condition, flagged two days. My position is one of supreme elegance, spitting in the faces of those who are short VHC. My FFIV position is higher too; but everything else in my chambers is lower, decidedly so. Current cash position, following yesterday’s sales, stands at 15%. My best guess, based upon the non-negotiable laws of mathematics of the sublime nature, is for the market to head lower over the next 5-7 days, as prophesied inside of the halls of The PPT.
35 Responses to Cautiously INSANE
totally agree with your 10/18 comments in the PPT
Sold TC yesterday @ 2.94 and bought back 1/3 position today @ 2.83.
Go get ‘em Livermore.
sold JRCC and S yesterday. in 100% cash.
Let’s drop this market 500 pts today!
well, there’s the bottom..thanks pal
I see they have decided to murder me today. What in the fucking fuck.
Fucking S.A. M !!!!
then why were/are you 50% long?
doesnt make sense
ill explain in next post
Just think Mr. Fly.
Back in ’87 you being a Mets fan, you probably had a Lenny Dykstra card and spent much time looking at the stats on the back while you were killing the roaches.
Now, in 2012 it’s Lenny Dykstra spending his time killing roaches.
A nice twist, I must say.
in 87 i was 28 yrs old with a portion of my savings in the market. a week later i bought stocks like coke, alcoa, etc and held for 11 years. thats investing. today its called gambling for dumbasses.
AAPL breaking below the weekly 20 and the Daily 100.. Interesting.. This has the potential to get interesting..
so its like buying 45000 shares of amd at 2.22 and gunning for 2.45 kind of plays.
This is fucking comical.
I am about to enter into a murderous rage.
Bullish sentiment fell to 28.66% from 30.58%, while bearish sentiment rose to 44.55% from 38.85% during the previous week. The percentage of investors who described themselves as neutral on the stock market fell to 26.79% from 30.58%, according to the poll. Write to Saabira Chaudhuri at [email protected] (END) Dow Jones Newswires October 18, 2012 11:12 ET (15:12 GMT) Copyright (c) 2012 Dow Jones & Company, Inc.- – 11 12 AM EDT 10-18-12
AAII report..thats not what tops look like
Wow. Relentless selling.
I sold put credit spreads to pay for cat food. Just get me to the close so the options expire!
Things seem so unstable these days. 1% interest rates for what seems to be forever; a trillion dollars in cash sitting on the sidelines just waiting to do something; the gov’t pumping in billions of dollars more a day through QE and debt financing.
You get the feeling we are living on a knife edge and that it wouldn’t take much to send things completely sideways.
This is the kind of situation that could lead to hyper-inflation. There is too much money around.
This is hilarious. Most people who scream “Hyper Inflation!” haven’t the slightest idea what contributes to the hyper inflation scenario. Stop watching so much TV.
I’m glad I could lighten up your day.
By the way, I don’t waste my time watching garbage on TV. I prefer reading drivel written by idiots on the internet.
If you actually didn’t watch the garbage on TV the words hyper inflation would never be uttered. I’ll put my money where my mouth is that hyper inflation won’t happen. I’ll even let you pick the deadline. Tell me when it’s going to happen and i’ll take the other side of that bet instantly.
A: I learned that phrase by reading about Germany in the 20′s.
B: Operative word is “could”. If you want to wager, go buy some bonds.
This isn’t Germany and its no longer the 20s. I buy us bonds all the time. I’ll gladly keep doing so.
I still don’t get your handle. How can you raise taxes? Haven’t you ever heard of Grover Norquist?
Isn’t he the guy who made it impossible for intelligent people to get elected?
He’s the blue guy that hangs out with Big Bird.
Please, when the bell rings, please send someone over with an oversized spatula and scrape my remains off of this floor
No guts left, eh?
Over-dramatize much? I remember first part of the year you were constantly whining about getting killed. Then you fessed up that you were down 4%. It’s getting old.