Prepare to overshoot to the downside.
The fundamentals do not matter now, only emotion and forced selling by catamites who are now below maintenance. I did not buy today because I do not gamble. “The Fly” bets on sure things and partakes in ideas emanating from the stock gods, found inside and around his urinal shadows.
This is the worst two day drop since 2008. We are now off by more than 10%, marking an official correction, first time since 2011. More than 66% of stocks are down 10% or more and 25% are off by 20%, aka bear market territory.
The fears of China slowing are feeding upon itself and is causing people to reexamine everything. Bear in mind, this entire run higher has been based upon global growth. The civilized world has been stymied for quite some time and we’ve been relying upon savages in the far east to buy our wares.
Bottom line: we plunge lower, through the fucking floor boards, on Monday. Asian markets will get clobbered and disappear into thin air, as if they never existed. This is a very unique and special situation. I truly want you, as a novice investor, to appreciate the novela styled drama of all this. Take it in and learn from your idiotic mistakes.
As an aside, “The Fly” has been in a 50% (now 60%+) cash position for almost two weeks, having sold his largest position in GG yesterday. I stand before you a mountain amongst a field of pebbles. I endeavor to buy all of the blood and opportunistically bid for quality names, which I will outline in a special weekend blog inside Exodus this weekend, into the teeth of this monumental and memorable market calamity.
Good day and God speed.
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FIG
NEWTON
GRAVITY
We go straight to zero! FINISH HIM STYLE!
“Professor, without knowing precisely what the danger is, would you say it’s time for our viewers to crack each other’s heads open and feast on the goo inside?”
“Yes I would, Kent.”
Gap up Monday on China easing – just to mess with us.
Faith in the PBOC? You forget they are savages.
You wanna sell stock you dead.
Bang Bang.
Buy, buy, support peoples’ buying.
Bang Bang
I miss the Chicago tweets about nighty incidents
My short at 133+ of that piece of shit APPL Is looking real good.
Next stop 103-105, then 95 on the way to 60.
Rigged you think AAPL is going to trade at a $340bil market cap when they have over $200bil in cash?
Come Monday evening, the government will take Apples cash. Yours also. And mine. And that belonging to Le Fly.
imo is the “Mc Clellan condrum” selloff ..imo will be short lived
“The Fly” bets on sure things and partakes in ideas emanating from the stock gods, found inside and around his urinal shadows.” Congrats on a truly funny sentence and idea.
Ha ha now you got september to deal with
“such a confluence of economic, political and spiritual events coming together during the second half of 2015. So is all of this leading up to something? Is our world about to change in a fundamental way?”
They may have started slightly early
Happy bubble blowing to you
http://www.zerohedge.com/news/2015-06-12/7-key-events-are-going-happen-end-september
lol apart from the voodoo soup in there , the last lines “But what I will say is that I believe that the second half of 2015 is going to be extremely significant. I believe that events are about to start accelerating greatly, and I believe that life in America is about to change dramatically” ..holy drama shit ..
“The End of The American Dream”
then there is the ultra dram chart .. http://streettalklive.com/images/1dailyxchange/misc/Tide-Has-Turned.png
Can you say shmita?
Indeed I can… and everyone will be saying it in 3 weeks. Markets will sell off daily until Rosh Hashana. Will start buying weekly out of the money puts on Monday, and will be rolling them
Congratulations on predictions extroidinaire
In case it’s not the end, I’m looking at energy stocks, will buy went Saudi cries uncle, or israel attacks iran
I need a reflex bounce to short the fuck out of.
Dodge Viper seen heading west on the George Washington!!!
And you chumps laughed when I said this felt like the summer of 2007.
The market knows things we don’t, something weird (non-financial) is on the horizon.
Worse than DOW 6500 and huge foreclosure from 2009? Naw. Life goes on. The market is not reality for most people. Nor are they aware or care about China growth stories. Thus is just a game to ensure the Feds do not raise rates. China slowdown is not news. And global growth in certain sectors is only beginning. Keep that buy list handy!
How wrong you are, Marc. But you will understand in a few short weeks!
Mother in law just asked me if Korea is why the market cratered the last 2 days.
Damn Greeks even found a way to screw a goldminer in this that’s skill
Catamites. Now I haven’t heard that word used for quite some time. I havent said it in a while but…FIG.
I’m a young ghetto boy, that’s why I act this way.
Rollin’ in the candy car leanin’ sippin’ sideway
https://www.youtube.com/watch?v=MImqZ-mKCuc
I wish you fuckers would quit trying to shake me out.
Since McClellan is said to have predicted this decline, whatever he says next is likely to be dead wrong, so perhaps one might make money fading his next move.
zero’dHedge reportsthe China dog-munchers tested a new super-nuke weapon. I assume that will be unleashed on their markets Sunday night Amerikan time.
What do you know, Looks like a Bear Market is imminent.. Recommend going short GPRO 😉
sure going under 40$
The “sharing economy” horseshit finally hit the fan.
Interesting hypothetical: at what multiple of revenue would UBER be trading on an open market? Would it ever have come close to the $50B valuation brought on by the mutual circle-jerk that is the VC community?
I keed, I keed. But only because the guy that ran the company I used to work for was more interested in the customers and employees than in making money. Admire him personally for integrity, but given the valuations of former company’s industry peers, I wish he’d had an exit strategy instead.
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As I mentioned last night (or, was it night before) …
… whatever, I mentioned it …
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Time to be “Shorter than Troyer !!!”
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All in my humble opinion !!!
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I used to think that Rick Perry was the most laughable most moronic buffoon on the “public stage” !!!
So you know … I live in Texas … so for anyone to overtake Rick Perry … for that dubious “honor” takes a true fuckin’ moron !
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ENTER DONALD TRUMP … LORD OF THE MORONS !!!
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God help us ALL !!!
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maybe the global markets are pricing in a Trump presidency just in case he does what he did to his own casinos which have gone Chapter 11 a couple times.
as Shiller says ( Nobel prize ) a correction on a so inflated market is benefical . rate hikes is benefical to create “normal bubbles” ( against qe inflated bubbles ) . Then everything will continue . Democratic will have another presidency there will not be a dramatic shift of interest ( in any sense you want to put it ) and Yellen&Co will fine tune their job for market stability ..there’s no drama around the corner , Job is ok Green economy software and tech has more then something going on ,industrial / carmakers are doing fine ad well as house market , no China implosion and no Trump or other rich clowns that can win .. don’t be fooled by a correction that has been accurately dragged by options imbalance .. fed has eyes , walls and yes weapons too.
http://vignette1.wikia.nocookie.net/uncyclopedia/images/a/aa/Donald_Trump_hair.jpg/revision/latest?cb=20121110202054
http://www.occupydemocrats.com/wp-content/uploads/2015/07/trump_1712500c.jpg
we will adjust to the incoming rate hike but i can’t see a gdp decline , while speculation on China contrasts may fuel some %drop it’s hard there’s any consistence and even harder US let any cut or devaluation going without consequences ( i.e. limit china import )
http://www.advisorperspectives.com/dshort/charts/valuation/Buffett-Indicator.html?Buffett-Indicator-and-SPX.gif
http://www.advisorperspectives.com/dshort/charts/markets/SPX-snapshot.html?SPX-drawdowns.png
VOTE FOR TRUMP BABY!
Mongo-dicked gains for the VIX – 3rd biggest 1 day spike, ever!
I’ve been 100% cash since Tuesday I hope everyone is OK here
Fortunately, I MET my wife on Ashley Madison. No, no just kidding.
as you were…
Decline will not be over until we have 1200 or more NYSE yearly lows.
Could be in a few days or a few weeks. Friday there were 888.
second chance to buy on the September retest. not as good as the pending washout but better than nothing
Finally some action. Time to make money soon. VIX 40?