To the bedraggled microbe who said “Fly has been calling a top for two weeks”: you Sir are a jackass. I’ve plainly stated, as clear as the day is long, that I was cautious for the month of September. Hypothetically, let’s imagine I sidelined myself during this entire month, dreadfully positioned in treasuries, utilities and cash, would I hurt myself? These are the things you don’t think about before you speak. You are very stupid men, undeserving of my attention and time. BRACE YOURSELVES FOR LOWER PRICES.
(cue mysteriously spooky music)
The chinese stocks have taken their debauchery to a new level today, with outsized gains in DSKY, CMGE and TEDU–just to name a few (all former positions of mine, might I add). This all has to do with that wicked faced man, that monster, Jack Ma, CEO of Alibaba.
BABA will come public soon, so the third estate, people like you, are chasing stocks that remind them of BABA. Jesus Christ the level of stupidity here is so acute, it’s making me shake as I write this.
Do not bother me with your stock picks, or predictions of “new highs, for-fucking-ever.” You are the same people who were crying rivers of blood during the last correction, and the one before that, and the one before that.
I’ve seen this before. I’ve seen all of it and will remain patient, as you Eddie Barzoons bounce around trying to rape each other.
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There will be no more “corrections”.
are you still holding all that $GAS or you flatulated it at the breakout yesterday? just curious.
Yes
Dr. Fly, my humble contribution of the theremin for your spooky outro: https://www.youtube.com/watch?v=w5qf9O6c20o
Fine choice
GAS goes higher because all the east coasters had 10+ air conditioners running the last week … in MA we had the warmest stretch of the entire summer from 8/31 to 9/6 … herrrro!
I have noticed that some of your readers have the attention span of gnats. Whenever a call is made these people expect immediate moves up or down. These people suffer from ADD and have been poisoned suffuciently by Fukishima radiation that they are literally mindless zombies. Fun fact: In 1929 we topped on 9/3 and proceeded to have a correction that lasted a month and took us down 15% slowly. Then we popped back up 11.5% over five days topped out then crashed 41.2% over the next 12 trading days into the october 29th low. Is that going to happen today? Outside chance but what I do know is we were down 15% in 23 trading days. Most of the similiarly brain addled margin fools boiled slowly like frogs until it was too late in 1929. My call is at leats 10-20% correction.
Thank you,sir. I’ve been building short positions as I agree with your well thought out posts.
Keep your stops tight
Bluestar (BS seems impolite), I cannot argue with your points, but I seriously wonder with the interwoven nature of world markets, governments, rates and debt if such a correction is even possible. Fly penned something the other day that the US and the US market are simply the best out-house in a pile of dung. I cannot believe that we have Putin/Israel/ISIS and the EU all teetering on the brink yet again, and the markets don’t even flinch. This bull market seems to have no end….but I have been expecting a correction since 2008…LOL what do I know.
I could be wrong. We shall see.
Time scales. Gotta think weeks and months. Not minutes and hours.
Yeah, but … this time it’s different. ^_^
http://www.businessinsider.com/stocks-after-the-irrational-exuberance-speech-2014-7
Can you give another winner like ANGI? I want to fade you. Thank you.
buy more angi
Angi is a death trap.Might as well recommend CARE
FLY: I’ve been in old man stocks as you call them for years along with fixed income. I’m diversified with a steady as he goes approach for the long term. I am honored that you spoke of me on your blog. Stay the course sir and stop swinging for the homeruns that blow up your account. As for you Blue Star, you area a fraud that lives in parents basement that brings zero worth to the show. As I recall, the world was supposed to end last April or May when your so called imaginary money manager friends told you the top was formed and Armageddon was here. Eat a peach.
blow me.
Murph
You have zero accountability and I’ve never even seen you here. So saying you’ve been doing splendidly for X amount of years means absolutely nothing.
Me raffing a rot about BABA. Gonna make people a gazirrion dorrars! To the Moon Market! 13.3% Bearish sentiment…there’s no one left to sell.
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… with odds of near 1 in about 259,000,000 … I must say I’m feeling pretty damn good about tonight’s Mega Million drawing !!!
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Already UP $8 bucks (combined) this week on Lotto Texas & Powerball … ah hem … on a $40 dollar investment !
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“If it wasn’t for bad luck … I wouldn’t have NO luck at all !”
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When you state, “BRACE YOURSELVES FOR LOWER PRICES” as you have done for the last two weeks, that IS calling a top. Whether short term, intermediate term, or long term, that IS calling a top.
And the timing of a bull/bear call is just as important as the directional call. Abigail Doolittle has been calling a top for at least two years. One day she’ll be right. You’re calling a decline in September. If the markets decline in September, you will have been correct. If the markets decline in December, you cannot hang your hat on making a ‘prescient’ forecast.
With ECB actions last week and Japan’s latest economic data, I remain long US equities. The only trading I’ve done this year is writing deep out of the money call options – so far, it’s paid off.
It’s tongue in cheek you humorless tight asses. Go get a drink of whiskey and quit trolling.
Some of these people are ass clowns. I am glad you make money from their clicks even of they don’t subscribe.
I know what you are watching. Nothing happened yet. What if it reverses.
Tony Dwyer from Canaccord this am on Bloomberg could have been the OptionsAddict. He calls for a 2130 SPX on the basis that the market will climb the wall of worry until the last man is in. On this basis we should all go long out of the money options and retire. WTF am I typing this for??
It’s true. Why crash a market without your neighbor in it? I’m waiting for my brother in law to text me about a stock idea before I call a top.
I am convinced you are the only person on the planet who could make money being long call options in a crash. I am deadly serious. Good calls lately.
war = higher prices
All sammich. And gold.