The market will bounce within a day or two, maybe three. Typically on 90% down days, I like to get out there and drink the blood. Like Dracula, I relish in any opportunity to drain the guy bouncing off his walls, getting his face ripped off in his margin account. However, I am not buying today because the dollars that I earmarked for the market are dated.
I will hold this cash, no matter what, until after Labour day. I am a strong believer in seasonal trends and the market always tends to nonplus us during September and October. Also, it’s worth mentioning, I believe we are traveling the road of 2000. This being the last day of July, I am not discouraged by my prophecies of ‘extreme lunatic grandeur’ for the month of August. Ideally, this is the dip you should all be buying, right in the faces of Ukraine, Russia, Illegal Mexicans and Palestinian refugees. Feel free to blow cigar smoke, ashes and all, into the eye glasses of Jim Chanos, to let him know that you are not scared of his stupid ideas.
There will be a reckoning. I can promise you that. But this is not it. This, my stupid co-depedent friends from the internets, is an opportunity.
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Buying OTM calls in tech with high short interest. I can’t help myself.
LOCO is the tell on the end of illegal Mexicans.
Why should we listen to you when you are down more than 20% this year
Because 4 months of underperformance, compared to nearly two decades of outperformance, does’t make a trend–fucked face.
BOOM!
“co-depedent friends from the internets” awww I new you cared
I can’t even spell. That’s so sad. #FAIL
Dr. Fly, all I can think about today, is how I won’t be attending the iBC gathering of generals this weekend, and deep down, I know I never will. It isn’t that I desire to enter the meat-grinder of financial blogging. Somehow my exclusion (eternal) is a great reminder of the path of the perpetual plebtitude that I’ve been set upon….
We do invite people on occasion, like Tommy. Perhaps next year you will be invited.
So you are sayin’ there’s a chance….
…..
YEAAAAHHHHHH!
I bought some of this dip. Yelp for the mid term. TNA for the bounce.
Dear stock market gods. Please open in the green. Weeeeee.
Correction:
“stocked market gods”.
A game.
Where is my got-damned bounce?
I got my next intermediate top !
1991 s&p
One time an intermediate top will become A top
All i’m say-in’ !
Now it goes down and you and everyone thinks it is going to bounce! BUY BUY BUY!
I can’t help myself continue to look for “like” and “+1” buttons on great ‘in-yo-face’ comments… Who is the site tech admin….?
The site is rudderless at the moment.
@Fly, are you using TLT to hedge the market or do you expect TLT to rally with stocks?
This is turning into a catastrophe
Drama queen
I’ll have you know I am a Dr. good sir.
I am a Doctor in Blogging, God Damn it.
These Market Tops take forever. Still waiting for my SPX 1755 to come back..that is really where it should have all stopped.
And to think it’s only Thursday
When was the last time, market down and bonds down. Too long…too long
only when you go long bonds to hedge does that happen . wall st. entices ppl with rising prices and removes the floor when too many ppl get in
As a historical fact, there are no ‘palestinian refugees’ because there was never an independent Arab state called ‘palestine’ in the history of the world. The name was made up by Romans after the fall of Judea and referred only to a geographic area (like the Sahara) but not a nation or people. The term is cleverly used by supporters of terrorists like Hamas to delegitimize Israel. Israel is the only independent nation between the Mediterranean Sea and Jordan River for the last 3500 years.
gopro should be at $10 ..fair value
If today’s ending PPT score is 2.46, what, pray tell, does a 2 look like?
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