Black smoke and plumes of poisonous gases are making its way around Wall Street today, killing off hundreds of leveraged traders. Over 70 NASDAQS have been stolen from the national treasury and all appears to be lost.
Do not flee, lads. Let’s negotiate terms first (extra weak guy from Braveheart).
Exodus will lead the way, do not fret. Grab a chair and put it near your fire. Throw things into it to watch them burn. I always like to do that. It gives me a certain satisfaction to know that all things, even us, succumb to fire.
This wretched market, built upon the defunct mortgages of millions of disheveled Americans, will prevail. Some of you might view me as a caitiff, a person whose sole purpose on this planet is to profit, even at the expense of others. While all of that might be true, what you don’t realize is your ability to swim alongside me in the bloody waters, killing and maiming for fun and profit.
Biotech and tech are very weak. Strength can be found in basic materials and banks. The lower TLT goes; the higher my SBNY will rise. The medicine man shall rise again and seek out new highs. One must exhibit a modicum of patience when positioning into pinless biotech hand grenades.
Remember, as yields go higher, utilities become less attractive. Also, the dollar should weaken and commodities will rise. This all goes hand in hand, part of an old playbook. But it’s a dangerous game to play. I’d rather own the banks instead, profiting from the yield curve steepening.
Bottom line: I am not concerned with a one day drop. I will pay closer attention to this drop if we close near the lows. I will begin to worry should this tone carry into tomorrow. I invite you to be patient, eat a few sandwiches and wait for Exodus to do its magic. Quit being such a fucking zebra.
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Thank you Dr. Fly. I needed inspiration since I usually lack the fortitude to give condolences to myself. All morning long my JD puts have been screaming “buy to close idiot!”. Now, with your backbone, I can continue the beatings them until morale improves marching tirelessly onward into the green.
Wake up sheeple. The Jews control the stock market and all you care about is watching Kim Kardashian’s pussy hang out of her pants.
Had a few good overnight trades using the banks cash…love the dips, without them its no fun.
Fly: Hope you dumped Papa Murphys, there is no love at -3.26%.
This Friday is going to be brutal, I just know it.
Frsh is thinly traded. I am in no rush to exit.
I dare not go against the Fly. With regard to the rate thesis, however, I note that TNX is bumping into some resistance at the 200-week MA, a level that has been significant for several years. It also is at the top of a channel going back to October 2013 (albeit a descending one that easily could be broken to the upside). This, along with tons of sentiment re rates rising and a shitload of dumb-money headlines (Warren Buffett speaking out, idiots on CNBC spouting off, etc.) makes me think this might turn out to be a time to go long bonds.
Banks & insurance companies are selling off too?
Thinly traded for a Pizza company…there is a connection!!
I like the concept, but at the current price is loaded with extras that do not relate to the current valuation. As they say time tells, tomorrow is ER. Lets hope they top (excuse the pun) estimates.
i want my gains dammit. >:(
fly…I ran right over……….hallelujah…..I’ve got diarrhea (that’s the shits in your neighborhood ) and that should trigger your initial BUY signal from your new thingy .
“Do not flee, lads.”
>> bwahahaha <<