Today’s rally was 100% horseshit, with just 75% of stocks higher. For a +300, this is the very definition of fuckery.
A person asked me today “if you think we’re going lower, then why aren’t you selling?”
My answer could’ve been told by the Captain of the SS Titanic more than 100 years ago. This is my boat and I am going to drown inside of the cabin, playing with the buttons and the furniture.
We will trade hundreds of points lower from today’s close. The whip-saw volatility is going to kill many people. Deflation is here to stay and there is nothing you or your stupid central banks, sans US Fed, can do about it.
Eventually, stocks will trade up. However, in the near term, we’re going down–led by a wide swath of broken stocks in ruined sectors.
DEATH BECKONS AND AWAITS YOUR ARRIVAL.
If you enjoy the content at iBankCoin, please follow us on Twitter
I’ll believe it when I see it. I’m putting my bets against you right now as we speak! Short the Sugar Shack!
Thinking about $EZPW as a play on gold. Do you still believe this story?
I am not up to date on recent developments.
I am as manic as you today. Your post is first piece of good news today.
Bluestar:
What are you short?
Are you shorting stocks?
Of course not. I am 90% long. Read the post.
Like I said, Dr. Fly is the only reason to visit these halls.
Then why do I come here?
Chinese riddle for the group.
Because if you didn’t we wouldn’t be here. Hey, did you look at that Times Square in the 80s video I tweeted to you? Cheer you right up.
And BTW, I noticed the same thing as you, not much uppity across the board. How come I din get none?
SP500 will be trading near 2150 before the middle of February. We are going to break the former trend to the upside, just like we broke the former trend to the downside in October.
Maybe then you will get your precious volatility but not a moment sooner!
.
… “DEATH BECKONS” …
and you’re “90%” LONG ???
—–
That’s curious !!!
.
No way you go short here; This was a good move which should continue tomorrow. I disagree! Need to be long especially with prices finishing as strong as they did.
The usual suspects.
Perhaps down, but I agree with your opinion on human innovation long term; I picked up $vrx this morning. Pharma is everywhere, and I think of those boomers settling into retirement.
Stock pickers market now. That was some good buy volume this afternoon on many names. World wide race for good growth at good prices.
What sort of deranged stock picker?
Agreed, but don’t know what sends it down. Anything that is “normally” bad news is the equivalent of a tsetse fly on the bulls ass. CB’s keep swatting the flies and the bull rages on.
I’m long volatility.
i’m taking a 2 week trading hiatus*
every major win i’ve had gets followed by death via 1k little paper cuts. fuck it. i’m keeping my money.
*i can, and most likely will change my mind tomorrow.
Maybe going lower, but in the meantime made some good money on your ‘freebie’. SHOMP. Thanks.
OA was right. We’re going to enter melt up mode. Stocks are completely overvalued but capital flow trumps all. Money is flowing into our dollar, treasuries, stocks at an amazing pace. The Japs are buying foreign stocks at the highest clip ever. Within the next 2 years we will have a 1987 style crash when the dollar starts to crash and capital starts flowing back into Japan. That is when I’m getting long the Nikkei in a big way. We are a long way off from that. 12-18 months.
Do you see what you just did there? A fucking siesta taking Eurotrash version of the fix flipped your thesis. They are not Americans. There is a little election in Greekfucktardland coming up. The only wizard behing the curtain is in This Country!!! Trusting a European CB is akin to sharing pajamas with a bum with fucking scabies.
What the hell? I was talking about capital flow. The Japs are buying our paper hand over fist. Long live the carry trade. This is going to be 1987 all over again, but not until 2016 probably.
And no, price action flipped my thesis plus a little reconsideration. Why would I try to fight the capital flowing into the U.S.? I was blinded by own observation that U.S. stocks are greatly overvalued. Just because it’s overvalued doesn’t mean there isn’t a greater fool to buy it. The greater fool is the Japs. I will let them hold the bag in about a year and then I will buy Japanese stocks.
You may be right about Japan.
(they are still the “safest” bet overall,
for a black swan or collapse trigger,
or whatever)
Japan Bought The Most Foreign Stocks Since Records Began Last Week
http://www.zerohedge.com/news/2015-01-21/japan-bought-most-foreign-stocks-records-began-last-week
They’ve got to devalue their yen somehow right? Saw something somewhere today that said U.S. equities now offer a better yield than treasuries once again. The rotation out of treasuries and into stocks is going to be what puts this market into overdrive.
All the world’s capital is flowing into the U.S. and it’s mostly been in treasuries. That money isn’t leaving the U.S., not until the USD is massively overvalued.
So what would you do if you owned a U.S. treasury that is yielding less than the average S&P 500 stock? Why you would sell your bond and buy U.S. Stocks. Que the run up in stocks.
Bonds are not stocks. The yield on stocks have nothing to do with the yield on bonds.They are entirely different asset classes. Please try to understand income versus capital appreciation. This is not fucking complicated. Other than that? Carry on into a earnings destroying deflationary vortex parabolic greenback. Everything will be rainbows some greater fool than you is waiting no doubt.
Obviously you missed the point. I’m talking about capital rotation moron. You show you know exactly zero about this when you say the yield on bonds has nothing to do with the yield on stocks. Capital will be coming out of bonds and into stocks because they offer a greater yield. If you think that doesn’t matter you’re a fucking retard. How OA, Fly, Bluestar, et al put up with you trolls is beyond me.
let’s do the dialectic here without the ad hominin, s’il vous plait.
It’s logical yes but doubts to the follow-through. Equities are still overvalued regardless how much they are pushed. Hedge funds are out, leaning short-bonds now despite the trend. NIRP continues popping up more. Full scale rotation would need Vix ~ 14. I think your assumption of this = that just oversimplistic
I have and keep 1: Toray
The time to be Bullish is now. Sorry FLY, but you’re way off this time. The only safe way to play this market and win is to buy quality companies and hold. Add on dips.
Look guys. It’s easy to make money. Long the DAX, and just relax. It’s going +50% this year.
Here’s your Europe/”german” story:
So what is going on in Europe? Nothing short of the biggest multiple expansion episode in history.
“the reported P/E multiple on Eurozone equities has risen from 11.5x to 18.7x – a multiple expansion of over 60% in 30 months –
With today’s latest surge in the Eurostoxx, the multiple has hit what may well be a record 19x,, making Europe the most expensive developed market on a PE-multiple basis
this was a good read
http://markmanson.net/not-giving-a-fuck
thanks for the link speero, good read indeud
The ICARUS markets levels
(keep going)
h i g h e r
AND
h i g h e r
AND
h i g h e r
Keep going sheep keep going
Why can’t you guys just enjoy a
good day .Wait till tomorrow it will come
and if we have another good day then
I’ll crack open the Amorone.
Whom ever didn’t enjoy today is positioned wrong. Plain and simple.
Funny, this guy thinks we are going MUCH HIGHER http://peterlbrandt.com/major-eruption-ready-occur-global-stock-markets/
and he called the decline in earl back in August http://peterlbrandt.com/want-see-said-crude-oil-august-11-2014/
Agree.
Stocks are going higher. Bonds are going higher. Remember Draghi is buying bonds, not stocks….
-1%
For 1 YEAR Swiss paper
This world is Swirling around the toilet bowl
This comment board has taken a stark turn towards the bullish…much more bullish relative to just a day ago.
Makes me want to put on more hedges. I’ve been long this whole way, but the ibank comment section contrarian indicator has been spot on.
+ 1
+2
You go on lower. I’ll go higher with the rest of the market.
Hear that swabs? The true words of a Cap’n these be:
“This is my boat and I am going to drown inside of the cabin, playing with the buttons and the furniture.”
Arrrr!
BOUGHT $X at 21.78 lets go 25!
The Fly is Glod.