It was a day out of hell for some. For others, it was a day of genius. With about 35% of stocks higher, many dodged today’s bullets and rode into the weekend feeling brave, magnanimous, victorious. However, pride always come before the fall and the market is speaking in a different tongue.
It was a classic suckers today, whereby stocks gapped lower, screamed higher, then walked down into the bell. Come sunday night, as sure as I am sitting here, a great tragedy will be revealed and futures are going to cause heart attacks across america. Asian markets will be decapitated and it all ends badly.
That’s how I am feeling now, after witnessing today’s trade. Many of my colleagues are “feeling their oats”, buying stuff today like drunken sailors marooned on an island without food, yet replete with disease and agony. I fell into the trap this morning and bought more ANGI and AFOP. My cash position is about 11% and I wished it were much higher; but I lack the courage and the internal fortitude to sell it all now. I work best under stress conditions and need to feel the heat from the flames before I remove myself from the situation.
My prognosis is grim. My position is stable. The current condition of the patient is critical.
DEVELOPING…
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pcln was all over the place today, had to keep your eyes on that one to profit intraday.
A gravely disappointing day for all involved. Which leads me to believe that Sunday will disappoint further…
In all truth, there is only one hope. That China announces some un-godly stimulus package on Sunday night. They’re inflation is low and growth is slowing, so one can dream.
Combine that with 1st of the month sheeple investing, and we could have a respectable Monday.
BUT, absent any intervention, it will be a bloodbath. Pure and simple.
Dr. Fly, as a casual observer of human psychology, I’m interpreting your extremely rare posting of “The Man In Black” as emotional capitulation…. and see this as a positive.
AFOP reports Monday I believe
Dr. Fly, are you a gambling man? If so, who will you be wagering on in the Super Bowl?
the smell of impending doom … nothing like it
up 2,3% for the day
Groundhog day and the Superbowl this weekend. … they will reveal the future. Easy Peasy.
A pox upon the naysayers. We shall recover quickly and move ever higher, guided by wisdom of our collective leadership. With the likes of Yellen, Obama and Joe Biden steering this ship under the guidance of senior navigator Krugman, shall spend our way into Keynesian Nirvana. Failing that, we will have fudged statistics and outright lies to fuel market gains. Stay thirsty my friends.
A pox upon the naysayers. We shall recover quickly and move ever higher, guided by wisdom of our collective leadership. With the likes of Yellen, Obama and Joe Biden steering this ship under the guidance of senior navigator Krugman, shall spend our way into Keynesian Nirvana. Failing that, we will have fudged statistics and outright lies to fuel market gains. Stay thirsty my friends.
I sold my first flip project and now onto #2; made a few thousand and learned so much I could write a book. I love the hard work, the budgeting, the buying and contracting, the floor planning and most of all being able to sell something as big as a house, that’s cool to this old chick.
does anyone read Cronkite ?
China+Argentina+India+Turkey
Many global forces at work
http://ibankcoin.com/news/2014/01/27/will-fed-tapering-blow-up-the-global-financial-system-what-can-be-done-to-stem-the-problem/
What is the story to go to new highs? This emerging problem is very 08. Sure they solve it by giving bankers a diaper. Then what? There is no happy story. What is the con?
A time correction along side a price slide is intelligent. Who thinks the rich really need to get richer right this fucking second? Seen the inequality mania going around?
Broncos for the old school win. Beating the old school team. Running the ball with an inaccurate passer will not be enough. Defense lets you win it does not make you win.
there’s only one way , is up . com’on leds. is obvious.
history to repeat itself ?
http://www.zerohedge.com/news/2014-02-01/recovery-mirage-mark-spitznagel-warns-much-monetary-distortion-1929
Must have seen this trash cooked stuffed and revamped milions of times
I think we move up another 15% this year… But I’m not all in on SPY Jan 15 2100s. The tape is heavy and trouble is in the air. Never know when something might jump out of the weeds and bite you in the ass.
Philip Seymour Hoffman saw the future apparently.
via heroin? wtf..
The worst straight up depressing Super Bowl is over. What a piece of shit game.
102 is all that matters.