I got all excited for this shit? Really?
Here I am, finalizing my living will, making preparations for my inter-galactic journey to persei 8, and the market is giving me a milquetoast opening of just -86? Sadly enough, many of my stocks are up. I have little to complain about.
Before I start to wish and fantasize about punishing the social misfits, who have been buying VIX instrument products, I want to remind you that nothing is what it seems. The drop in crude, the rise in volatility, the wars, pestilence, famine, it’s all 100% shit.
Dennis Gartman entered the arena this morning, warning of a long bear market. Corrections are always accompanied by a distinct sense of doom that infects the minds of investors. More often than not, the market is not in a bear market. These corrections pass and stocks are judged by their earnings, not by some idiot on the television raking in the tea leaves with a shit covered shovel.
The low probability trade is to crash. The high probability trade, based off recent history, is for a full market recovery. I know that seems foreign to you, almost ridiculous. But this is the only thing left worth fighting for in America. The central banks know that to have a bear market is to invite another credit crisis. Measures will be taken to stem and reflate any semblance of deflation. At the moment, deflationary pressures are front and center.
Wade through the bullshit and try to look over the horizon.
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The data for US is not that bad.
Yes, but this bear is wearing kevlar.
Greenshoots and positive earnings simply bounce off. We need more firepower here….. we need the bazooka (or at least someone to show us a bazooka). These pea-shooters have no effect.
You mood is swinging like a couple from the 1970s.
Crude and natty inventories should be interesting.
But good data is bad data now because of the concern the Fed will act.
Any specific bequeath (means give away in your will for those in 0hio) in your will for the blue radio or the lawn lights?
I, Dr. Fly, being of relatively sound mind and at least eighteen years of age, do hereby give, devise, and bequeath
Yes, the term “relatively sound mind” is relative in this case.
Can we put the 80’s limo in trust?
Fly’s children, as beneficiaries, should receive it when they become driving age.
HE’S NOT A MACHINE! HE’S A MAN!
looking choppy again…long DIA puts
i hope it does bottom and we do get a huge rally but just not in the cards today
ppl get scared mid day and start dumping
wait for it….this market wants lower prices in everything
CLEVER. Another lure. Now we are really going down.
sec, lemme hit refresh
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BEWARE of “shit covered shovels” !!!
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“aint so bad,…….. yet ”
http://www.zerohedge.com/news/2014-10-16/who-shocked-427-ebola-infected-healthcare-workers-cases-top-9000-deaths-exceed-4500
the ebola trade is far from over
Fuck, Gartman called for a bear market. The best trade is to do the opposite of that ass.
agree
10% correction would be a good thing. Haven’t had one in a long time. they happen from time to time for no particular reason.
S&P basically corrected 10% as of yesterday. Was like .14% off or something like that.
Your mood is swinging like a whore in church !!!
Holy shit that IWM though.
What of the $BABA? What of the poor $BABA?
Go $TRUE !!!
25 point move up on the S&P in five minutes. LOL
Oooops back down, no wait…back up we go…no down…no up….yes up….oh no, down we go.
“as the oil men from the Bakken prepare to go back to their former jobs at Wal-mart.” It is your ability to spin phrases like this that engender your readership’s love of Fly (slight fruitiness).
The chorus on twitter of “b-b-but Bullard doesn’t vote” is exactly what this market needs.
trashing..wanting..needing to go higher..
The buy robots are hungry. The first battle is won.
Now, what will they do with their newly acquired “inventory”?
Called it on the QE3 will just be extended instead of QE4 officially.
This market is about to catch one heck of a bid I bet.
relief rally until Gartman changes back to boolish