They’re all down a good 1-2 points this morning, under a barrage of selling pressure thanks to the litany of incredibly bad news. Now if you asked me what that bad news was, honestly, I couldn’t answer you. I am sure it has something to do with Jim Cramer’a guacamole expenses at his Mexican eatery, or maybe something is brewing inside of the Kremlim. Those sneaky devil Russians are always up to no good.
But selling before 10am is child’s play. You know what else is “child’s play”?
Answer: not selling after 10am.
All of the “weak hands” are selling tech/growth/bubble stocks again because they’re probably going to be ground into dust. Like the last dot com bust, this one will offer a bit more flare and much more “pizzaz”, dare I say. By the time this crash in the NASDAQ is complete, there will be very few human beings left in the market. All of the trading will be done by robots, buying and selling, experimenting with the market using the pension funds of firemen and police officers.
In short, I don’t sell before 10 am because that’s just stupid. Interestingly enough, I also don’t sell after 10 am. Sometimes, when I get the urge, brought on by sudden and indiscriminate bursts of energy, I average down in my tech stocks, whilst eating grass from my yard–like a fucking wildebeest.
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Solar strong today, odd no?
solar doesn’t look strong to me, as the leaders are all down — but spwr crushed earnings and is up 6% today
Hopefully $42.75 is FEYE’s bottom for a bit right? 😀
Please crawl in a hole and die with this fucking money losing, gravity loving FEYE. The stock is a Trollop and you, a dunce.
Clubber Lang’s spirit says:
Hey woooman! hey woooman! Don’t sit there and feel bad! You got a lotta more ‘Fly’! It’s time to get up off the canvass and rebuild the orbital space cannon!
https://www.youtube.com/watch?v=7F_bsE9B1LM
(the best part is at 6:07) I’m did it! Ughhhhhh! Ughhhhhhhh! Ughhhhhh! (I guess that’s his chant?)
Well if it all falls apart, at least you could do standup. Funny stuff. I missed out on most of last year because I was afraid of this. Now that it is happening I am still frozen.
Unfortunately, at this point, any move you make will the wrong one
Any move short of SELLING IT ALL that is.
probably true
See: ZUGZWANG
Here is thought. You know how to make money in up or down markets. Sell those garbage barge stocks and look at this shit hole market again…with no positions. I’m not telling you your business but i hate losing money. I don’t see this improving for the tech names, in fact I stay short of them in Le FEYE terms….
J Livermore on tv, look!
Who knew grass was so caloric?
Okay, I had enough of you too. Fucking banned.
BTW: you are NOT banned for giving me a hard time or because you’re just a plain dickhead. You are being banned because you are an uncreative, redundant, waste of life.
Even mother nature loves the uncreative. It gives high octane, alpha predators something to easily grab hold of and maul when they aren’t in the mood to set an ambush.
Just a thought.
This JIm Stewart on CNBC bashing AMZN has to be the gayest bitch I’ve ever heard speak. I can hear the penises inside him
Comon, be more open minded.
Jeremy, you don’t think 3,999 was the Nasdaq correction bottom, or you just think the high growth stocks that make up the Nasdaq will continue to go down? FB crushing earnings and being so weak is pretty telling.
Yes its very telling and everyone should listen.
Never mind, Nasdaq just took a dive. Looks like it’s going through another correction.
All of this is starting to feel like a riddle, wrapped in a mystery, inside an enigma.
Could you just change your 2014 personal Fiscal Calendar to end today and to include 2013? That way, you are even or up, and you can drop any pyschological dark passengers that are giving you bad advice.
no bids anywhere
Fly, I have been a reader of your blog since 2008. Your flowery style of writing has always been entertaining especially when the markets turn against you. That being said, the past few weeks you have lost your flair and it is sad to come here and see you so low. Might I suggest you purchase a FAZ-mobile and run over some banksters, a move that when successfully executed always cheers me up.
jim cramer says that FEYE does “not have the eye of the tiger”. better sell
new 6 apocalyptic horsemen
TZA, BIS, SDS, FAZ, RUSS, JNUG
the top for growth, tech, momo stocks may be in. if the leaders/hedge fund darlings like goog, v, ma, pcln, amzn are struggling then second tier stocks like feye, yelp etc. are screwed.
doesn’t matter why they are going down. all that matters is price action. its going to be a long and painful summer.
Do the OPPOSITE of that Douche Cramer. Fly had a great year last year and is getting hosed this year. Big deal thats why he has followers and clients. To not follow the SPY line! FEYE might go down as one of his worst calls in years, simply because I bought it vs. PANW that same day. SPLK/WDAY and all those high vapor stocks look like shit. Buy PHOT down 60% today for a bounce. NEVER play with those vapor ware stocks again. Try SQQQ/TQQQ instead and your portfolio will thank you for it! AAPL and GE bought last month are treating me ok.
The selling will not stop in these names until every single shareholder is wiped out and every employee and customer bankrupted or killed.
There, I said it.
Doubled my ES short a bit earlier….deep in the money now.
Where are the dickheads from yesterday Mr. Jennifer and giannis boy?
Lots more downside left, not too late to get some yourself.
Oh, and this doesn’t have shit to do with the Ukraine.
And apologies in advance to the Fly, i take no pleasure that my being correct once in two years comes at an inopportune time for you.
War is coming, the world is about to change.The only companies that will make money are ones that dig shit out of the ground. Put on your crash helmet and go long GDXJ.
SPY 175 by next Friday says my balls which rest upon the cutting board.
It is very tough for me to make good decisions if I’m down and pissed about it. I like to take it out on people around me and animals but that is so declasse. Blue skies tomorrow Fly.
sensible…the sky is NOT falling
http://www.cnbc.com/id/101614178
Dear Fly
Don’t sell now you’ve afflicted all this pain upon thyself when a lot if the positions your holding are bottoming now hold until next week things will get calmer after next week. Once earnings season is over the charts will take take time. Besides what else can you put your money in and get great gains.
You know the saying Sell in May go away. Now buy in May and stay