CDC: VACCINATED PEOPLE ARE FREE

Good news plebs

The CDC director just did a presser. I am soooo exciting I nearly soiled my trousers. She said, and I am paraphrasing a bit here: if you vaccinated yourselves — you are NOW FREE to roam and sashay outside to play or to drink, socialize, have a good time. HOWEVER, for you fucks who did not take the medicine, you are now FUCKED and should remain FULLY DOUBLE MASKED and away from civilized society.

Israeli studies have proven, according to the CDC, the vaccine is super safe and you should all take it.

Moreover, and this goes without saying, BUILD BACK BETTER.

Also, the fucks at Colonial Pipeline just paid an imaginary ransom for a pipeline shutdown that was caused by RUSSIAN HACKERS. Additionally, Israel is set to ground invade Gaza.

And, also, stocks are CAREENING higher. My top idea is to short the VIX. Fuck the VIX and all of the bears in it.

But this blog is in fact OVER-SHADOWED by the COLLAPSE in cryptos due to a DOJ investigation of Binance. Yes, yesterday Musk shit on BTC and today Binance is under arrest. The crypto cabal is falling fast. God willing, I will be able to buy ETH cheaper than I did in May, when June rolls around.

80% long, 20% cash, looking for MOAR.

It’s to sell short volatility. All of you VIX fanboys are out there popping champagne corks into each other’s face, as the VIX popped due to market decline. Everyone got all panicky and the markets collapsed under the pressure of weak hands and people wanting to protect gains.

But what if the zebra is tempted back at the watering hole? What of the poor zebra?

I imagine we’d enjoy a nice MEAN REVERSION bounce, nothing to serious, but enough to cut off the heads and dicks of those betting on VIX going up any further.

Are we really in a 20s VIX era or something more? I cannot think of a reason why we’d panic up into the 30s or 40s, unless of course the entire country was without gasoline for a few months.

Nevertheless, my position on this market is unchanged. We are stuck in mud. It jumped higher at the open and I profited via my FAS position. But now we’re meandering trading OFF THE HIGHS whilst value stocks are at the highs. Not a good sign. Even still, we could have a weak market and also weak VIX.

For now, I remain mostly cash, testing the waters on the long side.

NOTE: Stocklabs trials are underway. If you received an invite and cannot get in, keep trying. We are trying to resolve issues on our end. If you have any issues logging in, email me at Flybroker at gmail.

Officially, fuck Elon Musk. This piece of shit announced several months ago Tesla would accept BTC as a form of payment for his stupid cars, that auto-crash into cinderblocks. Lo and below, coming off of MONTHS of Dogecoin buffoonery, Elon comes out with this presser declaring BTC literally evil for causing the polar ice caps to melt the fuck down. MUHHHH bad for the environment. MUHHHHHH fuck BTC.

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

Instead of having Tesla announce this during regular business hours like normal people would, this fucked for face does it in the twilight hours for MAXIMUM impact, likely due to a feud with one of his other billionaire asshole friends. I would imagine him right now tripping on mushrooms with his bitch wife, tripping out of their minds, laughing at the crashing BTC price action tonight.

If you think this was just Elon finally learning about how BTC is mined — you’re an idiot. This is another example of drugs addling the mind and destroying one’s ability to function with others in a society. Elon Musk is mentally handicapped and should be ousted from Tesla. Then again, I’m just saying all of this because I’m mad, really really mad, because my ETH fortune has decreased.

If, for example, I was in 100% cash during this “crypto crash”, this blog would read somewhat differently.

But for now, FUCK Elon Musk and his piece of shit cars. I hope they blow up in space.

America is largely a poor country with morons who’ve made some money in their DOGECOIN investments who are in the process of spending it all on luxury items, which will once again consolidate wealth amidst the upper classes and relegate morons back into their housing tenements to sell their Fendi shit on $EBAY at a later date.

We are blessed to have air conditioning and wide open highways to drive fast. Other than that, you’re on your own fucked face. If you choose to spend your money like a misfit fucking moron — that’s on you.

As markets CRESCENDO lower, just know it wipes out the pleb first. The people with money do not concern themselves with the shit stocks you operate in.

Into the latter parts of the day, I called it quits and moved to 100% cash before grabbing an overnight position in FAS, 5% weighting.

Yes, markets looks dreadful and it’s easy to get swept up in the emotions of tumult. But we’ve done this before and I am not worried. Markets ebb and flow, snicker suckers into errant VIX trades during periods of dislocation. Then out of nowhere, BAM! +900 points into your fucking lead head — bullet thru the eye socket.

The inflation narrative is transitory. I mean that seriously. The money doled out will come right back into the system and cause a mass Exodus from inflation hedging trades. The time frame is 3mos. In the meantime, we will trade and sometimes we will trade poorly. You only feeeeel bad when you hold onto those dogs. Let them loose and start anew.

We sent out the first 1200 invites today and have been met with “technical difficulties” tantamount to disaster. We of course are working steadfastly to fix these issues. I gather you have signed up for the StockLabs Beta and wish to login? Be patient. You have waited a decade for it — you can wait a bit more. Email invites are going out and will continue to go out for several weeks before final launch.

On the issue of the market, complete and total apathy rests upon a burning cinder. Nothing is good or adventurous. We had early momo in oil and then biotech and all have gone to waste. I even traded myself back to green and felt courageous, invincible even, but that too dissipated and I now sit with you, the UNWASHED PLEB, racked good and plenty for -230bps.

The alternative is to stop being dumb and sell short. But that would be too easy — wouldn’t it? It would mean giving into the Orcs and cannibalism and become one of them.

Alas, who knows what the fuck happens next? Jim Biden is hard at work, trying to ruin the stock market and my gas supplies. There is inflation now coming out from our fucking ears, as poor dirty filthy people spend their stimmy checks on new iPhones. This whole gambit is a mess and piece of shit. The idea of the Fed FENDING OFF inflation via hiking rates is laughable. This inflation IS TEMPORARY because stimmy checks aren’t happening anymore.

I suspect we will calm down in the coming days and weeks and learn to embrace summer doldrums, boring, unvarnished, stupid, trading.

The bed I made for myself yesterday seemed inviting, up until the point when the market opened and shed light on all of the urine stains on the sheets. I turned my portfolio upside down and replaced many tech stocks with oils — since America is once again enjoying Joe Carter era gas lines. I find it amusing that both solar and alt energy are suffering under Biden, all the while oil and natty is enjoying unparalleled bullish pin action.

Nevertheless, I still have losses of 100bps and this sad story is being shared amongst millions of traders across the globe. We must’ve forget the good times and the fact that WE WILL TRADE GREAT AGAIN. For now, we push on thru the tall grass and fend off the devils in order to make it through.

Tech stocks are more or less dead and the only place to catch any momo is in commodities, reminiscent, in a bad way, to 200-2008.

There are times when you can no longer be malleable. You need to stand up for what is good and wholesome in the world, fighting back against the dwellers and bottom feeders, malevolent evil types whose designs are nothing less than frightful.

Some of you will shrink and cower in the comforts of SQQQ or SDOW. “The Fly”, however, will not bow down to the orcs and closed the session at a loss of nearly 200bps, but 90% long and fully long a leveraged Dow instrument into what is certain to be a decisive day for markets. We might herald in a new era of upward moving prices, cast aside the gloom and rub off the patina of this bear market — presented to us wholly and nakedly since February.

But if we fail, all is lost and I’m afraid those redoubts of safety you’ve bee hiding in will soon be overrun by flesh eating humanoids whose only goal is to destroy.

The Dow is still stuck in the mud — but the small caps and tech are really pushing the envelope here in an oversold bounce that may in fact place in a temporary bottom.

Why do I say that?

Because I fucking can.

In Stocklabs our mean reversion algorithms are most oversold since April of 2020. This is as deep a correction as one gets, technically speaking. All of the reliable trading stocks have been fucking destroyed. I’ve been positing a narrative for months now, this is 2014 and we will have a fantastic bounce in May.

Perhaps today was the flush out? Perhaps.

I’ve been in and out of stocks all fucking day, attempting to catch a wave. I have been ebbing and flowing, now flowing down just 200bps. I am at SESSION HIGHS in spite of all of the poor trades — because I had a very large cash position. I am now 100% long, praying to the Gods for a positive resolution.

The market is in one of those modes that cannot be reconciled with easily. We have seen them time in and time again and they always end the same: GIGANTIC FLUSH OUTS. Since February, we’ve been sliding down the bannister into a pit of fire, momo stocks consumed by losses of greater than 50% all the while the Jim Biden administration discusses the specter of doubling cap gains taxes.

Good luck taxing zero.

I stepped into today’s session with losses of 2.5%. I bought the morning dip and now stand before you, as the market crescendoes lower, down by 3%. I have purchased all that I want and I can and will purchase more. However, given the volatile nature of the market, it’s very possible that I will be catching elevator rides directly to hell. I have of course left my ego at the door and will not hold these stocks for the sake of holding them. My cost basis means nothing the second I execute and get filled on my orders. If I leave today down 4%, then so be it. I’ve had poor days before and I will trade poorly again. My hopes, based upon my feeeeeeelings, is that we’ll get an oversold bounce today. But that might not happen — especially since markets are steaming lower with real energy and it’s very hard to stop something prone to collapse.

It seems Cathie Wood’s ARKK is some sort of lightning rod to sell short. All of her investments are beaten on a regular basis, as her once glorious fund sinks into oblivion amidst a cacophony of absurd losses. I would not like to join her in said losses and have come to the idea that any trades placed today are temporary.

As for shorting: always seems like a bad idea into the hole. But then again, perhaps the hole can get a bit deeper first.

I was having a genteel day up 200bps until I got the idea to dive back into the market. I went ahead into some REITs and was immediately entreated to 10% drawdowns in both. I sold one, held the other for what it sure to be a fantastic bogging in the morning. I only held out of hope, nothing rooted in actual logic.

In my YOLO I went long the Dow via UDOW — since it held up well during the session. The idea is we are OS — but buying the NASDAQ is fucking retarded. We are seeing 10% drawdowns on a regular basis. The Dow is by far the more preferrable vehicle if trying to catch an OS bounce.

I think I can, I think I can — gosh darn it — I know I can.

+180% YTD. Beta invites for Stocklabs happening tonight. See you tomorrow.