Things to Watch

Keep FXE, UUP, TLT and FXY on your bullshit monitors.

Ideally, for an up tape, you want FXE up, UUP down, TLT down and FXY down. Most of the market drama has a lot to do with currency manipulation. So, if the powers that be can keep that recipe in check, the market should recover.

At this stage, we retested the “flash crash” lows, as predicted. Now, look for a 200-300 point move up, then back down.

Real quick:

I blew out of the entirety of my [[VXX]] position, booking millions of dollars in profits in the process. With a small percentage of cash, I doubled down in both Eastman Chemical Company [[EMN]] and POSCO (ADR) [[PKX]] , positioning myself to sell both names into strength. It’s a bold move, but worth it, in my opinion.

And, to get broad big cap tech exposure, I bought some [[TYH]] .

However, longer term, I am very bearish on the markets and will look to re enter [[VXX]] lower. In addition, I will begin a short selling campaign, on individual names, who are deserving of a good lashing or 5. My plan, which may fail, is to ride this oversold bounce to the tune of another 5% gain, then reverse positions to the downside.

Based upon the sublime laws of The PPT, all to do with mathematical harmony, we will bounce today, AND MORE.

Finally, my current allocation is about 50% cash, 50% equities.

I bought 20,000 [[TYH]] @ $29.84.

UPDATE: I doubled down on both Eastman Chemical Company [[EMN]] and POSCO (ADR) [[PKX]]

Disclaimer: If you buy [[TYH]] because of this post, your local gov’t will inflict damage upon your purse, via AUSTERITY MEASURES. And, you may lose money.

I sold it all, when the markets were down, and shit.

Okay, we took some pretty significant market hits this week; but it may be just the beginning. While it’s true, the markets are deeply oversold here, if the underlying economic factors materialize the way I think they will, we have thousands of points left on the downside. Nonetheless, in the short term, I am positioning for a bounce, by selling the balance of my [[VXX]] position at the open, including the entirety of my personal accounts.

From a pure mechanical standpoint, the market is in dangers of falling victim to forced liquidation type sell off, thanks to the fact that so many hedge funds got caught leaning long. Prior to this dip, every jackass with a series 65 was long commodity stocks, in size. Well, for the most part, commodity related stocks are down anywhere between 10-40%, over the past 2 weeks. This means, without a doubt, margin liquidations and hedge fund failures are to be expected.

If so, and you can count on it, stocks like Freeport-McMoRan Copper & Gold Inc. [[FCX]] , United States Steel Corporation [[X]] and Bucyrus International, Inc. [[BUCY]] , just to name a few, may drop to levels you didn’t think was possible.

So, before going John Rambo, bow and arrow crazy, into this market, consider the fact that men with tiny brains and big assets are about to get flushed the fuck out, effectively rendering your bullshit charts meaningless.

On the flip side, if all of that shit doesn’t materialize, we’re due for a nice bounce. I will be a net seller into said bounce.

Tonight, during dinner, fuck 2 1/2 inch rib eyes, heavily salted, lightly peppered. I will ask the waiter to bring the whole fucking cow to my plate. “Bring me the whole cow, milk and all, you fucking bitch,” cried Le Fly at his favorite eatery. This is what it’s all about, folks: fucking over thy fellow money manager, then stealing his book of business. That’s right, I’m talking to you. Give me 5 minutes alone with your clients and they will be mine.

But I didn’t come here to brag. Instead, I am here to celebrate, dance in the blood of my European cousins. Remember today, because in about a week or so, most of you ingrates will be back to doubting my market hand—in the midst of a recovery bounce or vomiting of the markets. Either way, you and I go through these cycles all the time. After all, it’s human nature to out-best and attempt to murder the next guy, while he sleeps. But, in the end, I will win—ALWAYS.

Before I go, I found a clip of you guys (readers) in a car, singing some queer song.

I am lightening up every hour on my [[VXX]] position; but I will NOT be adding to any longs, NO MATTER WHAT. At this point, I am booking 50-90% gains on [[VXX]] , while incurring blows to the scrotum in a variety of longs. By lightening up here, I run the risk of losing 1.5-3% (my estimate) tomorrow, via my 45% long positions. However, I am willing to accept that risk, AND MORE, considering my year to date gains are now north of 25%.

On a personal level, in order to abate conflicts of issues, I will hold the entirety of my long VXX position into tomorrow’s fuckery. I will have you know, my position is quite large, but so are my balls.

I know many of you are tempted to go long here. However, if we are going to double dip, thanks to Europe/China melt down, 10,100 will look rich as fuck, 6 months from now. Should we double dip, the Dow is going to 8,000 minimum.

With over 4% intra-day gains, I have been paring down my monstrous [[VXX]] position. And, I sold out of my [[FAZ]] . IF I went to cash on the entirety of my [[VXX]] position, I would be more than 55% cash, right now. Although that seems like a lot, I would still be subject to daily drubbings on the remainder of my assets (45%) that are long.

To be blunt, I am strongly considering taking my huge gains (millions) here and blowing out of some longs, even if it means taking big losses. For the record, I will not consider selling out of Flotek Industries, Inc. [[FTK]] , since it’s too thin to absorb my tickets.

More later.

Okay, real quick, for a I am busy making millions in the market right now and have no time to fuck with you free loaders here:

Today’s key tells are [[FXY]] and [[TLT]]

TLT is telling you deflation is infecting the economy, via lower rates. I can get a 30 year mortgage now for 4.9%.

FXY is going up because the Yen carry trade is unraveling. Look at the Aussie/Yen cross: fucking repulsive. There is a run for the exit, as money managers trample over one another, but find themselves trapped in the proverbial funnel. I WARNED YOU ABOUT THE FUCKING FUNNEL!

Finally, we have air pockets from here to the “flash crash” lows. Like I said, look for the market to retest 9,900 then bounce.

Seriously, I hope many of you are okay and have not done too much damage to your bullshit portfolios.

[[VXX]] is up more than 55%, month to date, making it the BEST downside hedge out of all publicly traded ETF’s. While many of you, stupidly, questioned “The Fly” with regards to his investment choices, a select few in The PPT, followed his lead, and as a result, find themselves in a position to buy your margin liquidation.

This shit does not happen by chance, gentlemen. I am in possession of a time machine, and on a regular basis, zip through your atmosphere in plutonium powered space rockets. I have been conducting myself with a good deal of honour [sic], especially towards many of you twitter fuckers, who, generally, have no idea what you are doing. Let it be noted, with age, “The Fly” aka Plutonium Petey has developed a somewhat surprising tolerance for idiocy, mainly because he enjoys to relish in his winship through obscene blogs, such as this one.

With the jobs picture dimming, China faltering and Europe in serious trouble, you have to be out of your fucking mind to be long here, unhedged, as if nothing was wrong. If you are managing money for a living, it is your FIDUCIARY RESPONSIBILITY to foresee these events and protect your clients money accordingly. That’s why most of you “small book” fuckers are “flash in the pans,” while Le Fly is here to stay aka “the real deal.”