With some of the cash I have left, I will be buying the NASDAQ, in all of its cancerous glory, into the bell. While it’s tempting to buy it here, seeing it bounce, I’ve been around the block a few times and know how the mysterious robot overlord powers work–often choosing to torture market inhabitants with horrendous sell imbalances.
Considering the down 200 headline, I am not fairing too bad, save FANG.
Nothing scares me anymore, not even the specter of unforgiving losses.
Off to drive around my wife. She fancies a thing to two at this very moment.
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I have gotten murdered today…..i need 10 more S&P points recovery before the bell.
Need 1880. Come on baby.
Also, I am an idiot.
Mr. P, Are we finally getting to see it happen?? I use to think Markets were so fast, now I know they are soooooooo slow.
yes dear.. it’s here and now 🙂
foundation is cracking
and take it easy – step by step, need to crash… topping is a process not an event
Mr. P., I always thought it would be an Event like Black Monday, Friday, etc…were everyone is so surprised.
oh that still might come.. need more fear..
buy event I meant – no macro news, crises or other noise… just need tired bulls and fear
Funny thing is on top of what I already had I loaded up on DSLV DUST and DGLD last night, the truth is I couldn’t sleep well.
And no more global central bank help ,lol…We have created ONE massive ugly bubble since 2009, going to be super ugly when it all falls apart. Still amazed there was so much buying after SPX hit 1755ish? QE tapering was starting, BoJ had already hinted that they were going to wait, The BoE was finishing up and Draghi had to deal with the German Ct OMT ruling that tied his hands (still with EU Ct and still could tie his hands). We knew the econ data was going to suck..but everyone still bought this mess??
Yves Mersch is wrong, imho, ECB does still have hands tied..lol.
COME ON BABY COME ON 8 MORE POINTS YOU CAN DO IT.
Feel like I t’was kicked in the anus today as well huggie, hit a reef me did. Arrrrgh.
Just blew all my profits for the year unless we get a bounce. Pure idiocy.
I willl accept a 5-point bounce from here and call it a victory….just give me that. 1876.
They are intent upon my destruction today. It is clear.
WTF I thought you were safe in Brasil?
I was toying with some futures on the side this morning without enough time to pay attention and a bunch of screaming kids hanging onto my limbs and beltstrap. I made some bad decisions.
Going to cost me 2% of my portfolio it looks like, but i think i am only up 3% on the year.
And yes, I am in Brazil but made the big mistake of “dabbling” here in the US.
Dr. Fly – do you ever have the lovely Mrs. Fly read to you the recent blog comments as you chauffeur her about town? I find the thought of this very entertaining…
My wife has never read this site. She has zero interest.
Doe she say, “Are you working on your little bloggie dear?” as you are hunkered over the keyboard?
Long WETF via sold put I be Cap’n, so me question is WTF happened to WETF, now under 10?
not afraid of Nikkei crazies.. wow, some balls… over 90% of japan traders lose money… highest % of losers on this planet
Do you have a source for that stat?
nope.. read it long ago, very long ago actually..
I bot some there. I’ve been in and out of WETF. No clue as to any news.
There is no hope.
$FB consolidating.
I smoked the hope.
Hope died the day Mr. Bernanke abdicated the throne. There hasn’t been any hope since that moment.
I MEAN FOR THE LOVE OF ALL THATS HOLY IF YOU HAVE SOME MONEY TO PUT TO WORK NOW IS A FINE TIME. WHERE THE FUCK ARE THE DIP BUYERS IVE BEEN WATCHING FOR 5 YEARS.
We are of MAYBE 1% …relax….the dipsters are waiting for the REAL dip
*off
Cannot relax long 60 minis
I am asking for a few nibblers and a couple of shorts to take a little profit off the table here…not asking for a full reversal.
Just got back from Barcelona and gotta
tell you things are hopping over there.The euro is everything and U.S prices are not posted.Spoke to cruise manager and he
claimed that his ship was sold out for all tours over there.Also the U.S is still growing.
I just can’t see 1929 right now.Look
things are toppy, but it’s not the same as
a collapse.
Cheers
No offense but usually things under the surface that cause/result crashes
As much as I would like a crash, not saying here it’s going to happen
Just a little naive, however, to say growth and activity/surface things indicate no crash. Derivatives debt margin imbalances distortions most likely to be cause of any crash
No muscle, no volume, no buyers….no one to push it over this little resistance point. A sad state of affairs.
zero interest?
ouch!
maybe she needs to wash dishes without gloves for a week or two . . .