71% of stocks are higher today, led by gold and silver.
Let me repeat that last point again. The market is being led by gold and silver. Year to date, gold and silver stocks are up around 35%. Now, knowing what you know about how awful gold and silver truly is, do you think it’s wise to chase them here? As good as they look now, God knows they are 1-2 days removed from 5-10% declines.
Moving on, scouring the market, many high beta names are down, like YELP, FEYE and SFUN.
Copper, steel and coal are doing good too. It’s like the market hopped into a time machine and went all the way back to 2009. I am very sorry to tell you, but I still don’t feel like buying anything. Maybe I’m the one who’s insane!?
Meh, I am sort of used to being retired now, an old cranky spectator, waiving his cane at the whipper-snappers buying the market–predicting doom and throwing mashed potatoes at the television.
I am going to walk away now, especially since I have no business here.
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Sir, you cray cray!
Depression hurts. Cymbalta helps.
Psychotropics are poisons
Agreed. NZT far better.
don’t mentally ill patients say that ; )
Get your $DUST on playa…..
agreed
Trying to go long just about anything here feels like chasing something you shouldn’t. I loathe this kind of market where the best idea is to do nothing.
I look at your comments and think about it.
I read the comments by the degenerates who disagree with you and think about it.
Who do I want to bet on, the guy who has played it smart as far baack as I can remember or the guys who treat the market like its OTB and they are betting on horses?
Gonna take La Fly here…
PS I agreee anyway
Really?
I seem to remember:
“the futures guys are idiots, they know nothing”
followed by a week of:
“OMG the futures, the futures, they are down 9 pts”
“FAIR VALUE bozo, i’m like, an expert on the futures”
Followed by:
“I am not selling and will drink your margin call”
followed by:
“I am all cash”
followed by:
“I missed the rally, and will buy tomorrow after Yellen”
followed by:
“I want to buy a pawn shop because of gold exposure”
followed by:
“I’m avoiding this rally because most of the stocks up today are Gold and Silver and they are due for a correction”
So ahhh, little sumtin sumtin to considah, when ahh you follow a uhh persona on da intanets
lets assume you are correct and La Fly is a putz. You not only cut and paste his missives, but continue to come here and read said putz’s work. What does that say about you? Also who would I be more apt to agree with a putz or the guy that thinks a guys a putz yet follows him daily?
“lets assume you are correct and La Fly is a putz”
Gary, that’s not what I said. I’m suggesting that an online blog persona has no bearing on what an individual trader or investor should do, especially when said persona is all over the map. I provided some evidence to that assertion. It’s not name calling.
“or the guy that thinks a guys a putz yet follows him daily”
That’s apropos of nothing. I explicitly discount anything he passes off as advice. It’s like reading the tabloids, doesn’t mean I hold the NYPost as gospel.
“What does that say about you?”
Its says I go clicky thru bloggies, good and bad, occasionally. And that my reading comprehension skills are passable.
“Also who would I be more apt to agree with a putz or the guy that thinks a guys a putz yet follows him daily?”
Would I be more apt to look at the substance of the point, or try create some tangent about how reading Fly’s blog is bad because I disagree (?).
By the looks of it, we know which way you’ve bet, and being a righteous fellow, I think that’s great.
You should probably call a hooker.
LMAO. You are way too connected to this.I 2nd the hooker idea.
I did none of the things you’re alluding to in your stalkish comment.
All I did was muse and then give an opinion, which is what I do here. No actions were taken, other than go to cash following a +70% year.
All I did was muse and then give an opinion, which is what I do here
ya dont say…
I’m 60% cash, leery of being out of the market. V-bottoms and melt-ups still in play it appears. Was 95% cash Thursday. Looking for more longs.
seems like panw & feye take turns going higher…throw in a keyw every once in awhile too today goes to panw, but tomorrow might be feye…feye just put in a strong 2 days of trade prior to today…can’t ask for too much. I’m not in any of these for the time being, but will look for more entry points in the month ahead.
if gold/silver is up over 35%,
some miners up over 50%,
how awful is it really for a trade ?
sounds like the “golden silvery yellen goose” may stay the course for more tapering, and what happened with last tapering, need i not remind.
I have no idea what you are talking about Fly, this is a bona fide BULL MARKET RALLY.
It’s a ‘bot rally. Most of this has been.
Really embarassed for my free-market capitalism country. Gov entities are able to control the market, and we like little kindergarten puppets wide-eye react to it. “Ooooooo look what it’s doing”
You should be embarrassed for not participating.
My trophy will have written ‘Did not participate from 09-14’
Trophy. Not epitaph. Trophy.
YELP wants that $100 roll during regular trading. 🙂
All time highs in sight!!! 1900 in the spring!!
Granpa Fly, can you tell us about the time you used to be invested in the markets?
too busy napping
Mr. Fly -> do you see any 2nd chance opportunities in the refiners?
ALJ, WNR VLO….
Buying infinity QQQ puts here in my bullshit 3 figure Zeeco account.
The key is having flappy
Bird On your iPhone. Best investment ever.
http://ibankcoin.com/news/2014/02/05/one-last-leg-higher/
final parabolic move right before your eyes
Can’t wait for this Feigned reality to crack crumble crash
market starting to get a little dear right here…can someone bring me a wheelbarrow so i can take some of my winnings home?
YELP is green on the day. So is FB, TWTR, GOGO, and the great AAPL. SPX is in the process of a solid move off of the year long trend line tough. If you’re bearish or not, there’s always that quick new high that gets sold off fucking hard. That hasn’t happened yet.