The Fed is going to announce QE forever, vis a vis setting conditions for tapering at 6% unemployment, down from 6.5%. On this news, the market will go haywire. Clowns will parade down Wall, shooting themselves out from carnival cannons and everyone will spit on Rick Santelli.
The Twitter IPO wreaked havoc on the rest of the social media space today, giving a gift to the annointed. I sold TRLA because I’d rather own YELP. I justify taking losses and raising cash with the fact that ideal stocks are now discounted and ripe for the picking. I will exercise my best judgement to buy into this blood, knowing that Mr. Bernanke is going to give Wall Street the finale of a lifetime, before he tips his hat goodbye.
Let the market come in. Bring your shovels to the match–because we’re gonna bury those fear mongrels once and for all.
Twitter is going lower and fear is in the air; but so is the marijuana blunt smoke from a man waiting in the cut, savoring the moment to bring forth his penis guillotines.
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buying some blood
When people get all scurred and their panties in bunches, it creates wonderful buying opportunities, bring it.
There is only so much the fed can do. I will be selling out of this market as soon as I can and being VERY selective in the stocks I buy.
I’ve heard that many, many times, always wrong.
Bought some YELP
Fly, what do you make of BALT’s low volume today after ER?
that there was nothing they said that wasn’t expected?
Heading into the PPT to see what it has to say about A
Apple
Had some winners today, held AEO and long RIG and FWLT. Everything else was down pretty much. Did the guy who mentioned IMMR as a great buy last night buy some today?
Apple, getting close to Hybrid oversold on a 3-month timeframe. Also, seasonality looks good for the month of December so…on watch to buy some…interesting that no one in the PPT comments has commented about this stock since February, lots of Stocktwits followers upset at the way its traded post earnings though
QE4Life
TWTR downgraded. ya think
Are you buy the blood insane? 1 day down w/volume/breadth and talking Qe4? Equivalent of me/a bear saying the crash is coming.
Chill out bulls. 4-5% down should be healthy. What are you afraid of…
The market has been in a rut for 2 weeks
We are not afraid. The Fed will do all it can to prop up the economy, and that means the market of stocks as well.
Hi, It’s me again..lol…Anyway next Thursday the 14th Yellen will be on the hot seat to explain why this QE shit is really screwing up the economy. IMHO, I doubt she even knows what a Blunt is..let alone can smoke one. You know this Cocaine Party has to end at some point.
Nymph, you have been a bear forever. But you never mention 0care, why? It is here now. A disaster for the middle class like nothing ever before. If you get the dump you have been waiting for, will this massive tax have any relevance?
Ironbird, I have been focused on the Global Markets and the artificial stimulation of Central Banks/Govts since China Govt starting buying up Copper in 2009. This has been one massive Central Bank Grand Experiment which it was clear in 2009 was just going to create a bubble and pop. I wanted to study a bubble from start to finish, so that became my focus. If you knew me before 2009 you knew I was all bull Micro Fundie Girl. I really don’t want a dump, I just want a pop so I can understand what is the final moment. For Obama’s Health Plan, I am worried about Doctors leaving smaller practices and herd into large group practices. I am going to have to pay more for my plan, but I have the high end one. IMHO, I am actually more concern about the Middle Class becoming renters, they rent cars, houses, etc..they can’t seem to have enough to buy anything out right any more. But that was expected with the huge transfer of wealth away from them. IMHO Phillips Curve and Trickle Down Analysis is incorrect, the very rich can’t consume to a level to match or even come close to middle class. Ultra Rich buy Art, property, collectables from other Ultra Rich, the money just circulates between them. Anyway…Hey Kerry should announce that Iran Sanctions will be eased tomorrow, Brent and Refiners may not be so happy about that.
Nymph
You are truly an example of persistence, if anything else.
lol, bubbles are very interesting.
Nymph, thanks for the response. It is worth noting that before the biggest socialist policy in US history hit home the clam went full print. The thing was even given 5 years to simmer. Now that it is here. No one thinks it matters.
It matters.
Nymph- be careful what you wish for. This is the bubble of bubbles. When it pops, it’s not just bringing about a market correction, but it will produce a population correction on this planet. You see, I’m far more bearish than you longer term. I’m talking like a good % of the people you pass by on the street/office/store will be dead in 5 years kinda bearish.
ouch, Matt most of the Margin is in the hands of the ultra rich, it will hurt them the most. I see SPX 577ish, but not worse then that. Deflation is going to be rough.
never
Momo is done. The shale plays topped out perfectly on the week that yankee dude that always mentions how big he is went to the Midwest. The echo bubble tech names have taken a header for sure. Seems way to many bulls. But all that matters is QE4ever.
Why is bitcoin making highs?
Chinese are embracing it …
http://www.salon.com/2013/11/07/bitcoin_value_goes_up_now_accepted_in_china_newscred/
My cousin Popcorn got pulled over by the cops last week, and they found an ounce of QE in glove compartment. Took him straight to jail. He’s got priors, so I doubt he’ll be rolling pomos anytime soon.
Surprised that no one mentioned the greatness of the post in terms of Fly’s unique writing style.
Thanks Boss. Good weekend to you and yours.
Jobs report beats…rutroh
Tapering fears back…we are getting flushed!!
Janet Yellen is immune from the penis guillotine.
I’m not sure about that.
Janet Reno, Janet Yellen- something about Government workers named “Janet.”
Rocky Horror Thing.
Close. Instead the unemployment rate just ticked up…having your cake and eating it too
ALJ sucking donkey dick.
This tape is a mess.
I don’t like the look of things.