Fortune smiled upon me this morning, so I took it. I cleaned out my account, both shorts and longs, and netted 78bps. I decided to walk away from the computer and the market shenanigans — but to come back for the late afternoon session in order to extend my returns and prepare for tomorrow.
Whilst you might be elated to see markets lower, there isn’t anything significant about October so far. Both the NASDAQ and $SPY are higher and the $IWM is off by 2%. However, we do have the US 10yr climbing to a terminal level of 5%, now at 4.88%. And we are seeing gold breakout, which is always a sign of looming doom. But I cannot be a serious person and at the same time tell you markets are heaving over to crash, while all dips are bought and shares of $GOOGL remain, obstinately, near highs.
I will not mince words or waste time to elaborate exactly what my stated mission is to do during this lifetime. The semiconductors crushed me again — this time on the long side. I entered into the session long the semis for a trade and was forced out at an egregious loss — only to bear witness to it climb almost all the way back to breakeven before once against descending lower into the hot oils.
My crusade is a blood feud and although I have just 5% of my book short the semiconductors, I will never forget this day — when Joe Fucking Biden banned sales of AI chips to China to coincide with my long position — I knew then and there what my purpose was and it is to preside over the total annihilation and destruction of the semiconductors.
Just before the market close, the war in Israel escalated, as Two American aircraft carrier strike groups consisting of over 200 warships and 10,000 American servicemen loom in the Mediterranean. Whilst this is happening, Putin met with the President of China — further solidifying their alliance in opposition of American hegemony.
It’s all happening now and although the transgendered bulls prance about the market without a care in the world — a great doom beckons — a domino effect that will entangle all people making you rue the day when all you had to worry about was psychopathic people telling you to inject your babies with poisonous flu vaccines.
I ended the session down 80bps, forlorn and downcast — melancholy over the what could have beens and the dreams shattered before me. I used this energy and turned it into anger apply this animus as a motive to inflict harm upon the people I hate. Right now, I hate the people who work inside the foundries and the people who make my computer go faster. I hate the gamers and the Bitcoin miners and anyone else who relies upon the evil incarnate semiconductor cabal.
I seek vengeance and resolution and have grown weary of waiting for my fortunes to turn. I’ve been flat to down in this market for the better part of the last 3 months; but it feels like forever. Good people deserve good things and I am the best person that I know. So it would be a terrible sacrilege to deprive me of my rights, by natural law, and I shall work harder now to attain it.
The news of the Biden regime restricting sales of chips to China hit me directly in the nuts, as I happened to be long SOXL into the open. I ended up booking the loss to start of my day over a cup of coffee. I also took losses in other stocks, bought a few others, did a general reshuffling and added a hedge. In short, I am off 77bps at the open and it’s all Biden’s fault.
A few things to consider this morning:
Iran is threatening Israel
Ukraine hit a Russian airbase with American long range ATACMs
Hungary’s Orban met with Putin in China
Putin is meeting with Xi
Biden is heading to Israel
War looms
The NASDAQ is off by 175, but small caps are up because the losses are concentrated in large cap exporters, whereas the small caps are mostly domestic. Nonetheless, expect the selling to accentuate and exaggerate into the afternoon session.
My book, for the record, is mostly long with a 16% $FNGD hedge, allocated in defense, oils and several higher beta stocks just in case we rally.
I left the session in a fully long book, capitulated to the trans-gendered bulls. How else would you expect me to comport myself in a tape as ribald as this one — as markets dance atop an endless array of sharpened blades? It has, the market, all of the hallmarks, all of the tenets of disaster — yet remains afloat like a giant blimp atop a war zone with structures collapsing on all sides.
Pax Americana started its expeditious retreat after the JFK assassination. Some might argue we lost World War 2, after surveying the landscape of America today — a bloated and sinful land of caitiffs and swindlers who only care about profit — zero regard for the people who built this nation from the marshes and swamps it once was — inhabited a long time ago by nomadic morons.
A great fall is coming — but perhaps not tomorrow. My zealotry for resolution is only checked by my insatiable greed — for knowledge and for coin. I chanced upon the stock market as a venue to express my intellect — navigating the interminable waters in a life long journey to make a difference.
The whole point of this is to matter, after all. Some of us live 100 years without this desire and it befuddles me to know that there are people out there amongst me who simply do not care. I care about everything, even things that I sometimes get wrong. I feel a great wave of prosperity for me is not too far in the future and I’ve always felt this way before enjoying a modicum of success.
The world is both terrible and beautiful — graceful and filled with evil. We all have choices, whether to side with the light or the dark. Some of us do not know the difference, sometimes at no fault of our own. We are subjugated in a whirlwind of lies and misdirection — meandering truths hidden in the crevices of governmental offices who just want to get away with the things they want to get away with.
To be good is to be happy, but naturally, and to both protect and enhance our people as a species to new levels of wealth and health. Anything that works against these things aren’t in our best interest. Freedom is an inherent right of all men and those who wish to take that from you are usually checked by violence.
I’d like to complain about the market today — but no one likes a whining little bitch. I’ve been distracted by other things, worldly events, partaking in some reading on a scale you couldn’t even fathom.
It seems the Russians are on the move again in the Ukraine with a major offensive underway. At the same time Israel is pausing their offensive into Gaza. Perhaps the deliberate pause has something to do with munition shortages from the US to Israel — all thanks to Ukraine?
Today Zelensky’s request to visit Israel was REJECTED. Of course who the hell does he think he is placing his plight on par with Israel — a great power who is interested in material help now — not platitudes by some piece of shit in search of limelight? The idea Zelensky would even attempt to visit Israel must have Bibi in such a fury, he might attack Ukraine himself.
Just kidding, since Israel helped train Ukraine’s freshies and provide them with military equipment.
Speaking of which, artillery shortages in the west are at dire low levels. If Israel were to fight a large scale war with Hamas and Hezbollah, there is a 100% chance munitions will run low unless Biden and his team of fanatical idiots produced more — which they cannot — naturally.
It’s all coming to a nice head now and soon we might see the fruits of Biden’s idiocy laid bare. Meanwhile, stocks are up. I am positioned for it and look forward to the market providing me with some extra money.
Permanent bears are crying into their dresses this morning, as stocks extricate themselves from the confines of reason. We’re shooting higher in spite of looming world war —- and in spite of America being run by a dementia riddles cartoon character.
We have oil down and yields sharply higher. Bitcoin soaring and volatility collapsing. It is for all intents and purposes a risk on session.
How to play it if you’re a permanent bear.
Don’t be stupid and blend in. Parade alongside the bulls and waive their rainbow colored flags and when they least expect it — BAM — create a noose with it and hang them where they stand.
I closed out my hedge at the open, now only long with 44% cash — pretending to parade and be happy about all of the splendor and celebrations, easily smiling at my fellow bulls on the outside but with murderous schemes on the inside.
If you sold the $IWM in February and never looked back, that was the high water mark for 2023. Everyone has been TRANSFIXED by $NVDA and the mega capped weighted NASDAQ — but the real essence of stocks lies in the Russell 2000. If you would take out your monocles and peer at the graph below — you’d see we touched those Feb highs again in late July-early August and have since descended into hell once more.
Some might argue we are ebbing here and sky is the limit — similar to when the $IWM languished in May, marooned in mediocrity whilst $META surged ahead — as they viciously combatted fake news and other important matters for the state.
But we have no way of knowing if this is the bottom and must assume the current trend will prevail into November and beyond — perhaps forever. For all we know, this might be the top of tops — markets may never achieve these levels again and we’ll soon swing lower into an apocalyptic doom — featured with but not limited to LOOTERS cascading into Target clad in Palestinian flags removing inventory from the storage facilities, loading them into their tractor trailers for redistribution amongst the Amazon shopper class.
There is but one vestige of true American nationalism left and that’s amongst southern whites, who mostly manifest themselves to be the God fearing patriots intent on keeping America safe and free. In the coming years I suspect these dangerous ideas will be rooted out and freshly minted migrants dispatched to replace them, or at least marginalize the sons of NB Forrest and Robert E. Lee.
People often ask “Fly, how do you manage to win so readily?”
The straightforward response is rooted in genetic code. Generously, I entertain people clamoring for a glimmer of hope, those wanting to extricate themselves from the din of mediocrity.
I tell them “it all started when I was a boy, playing in the rubble of Brooklyn with dreams of becoming a great success. I took to the stock market early, right about the time markets crashed in 1987. Since then I worked tirelessly at my craft, much like a scientist in a lab — concocting tonics and potions using flasks and beakers and burettes. I’ve failed more often than most and out of that crucible have established a rich patrician expectation of excellence for those who know me well. I am rarely wrong for periods of time in excess of 2 or 3 months and haven’t lost money in the market since 2014. If you want to achieve outsized results, you can either spend the next 10,000 hours in the stock laboratory like I did, or simply attach yourself to me — much like a barnacle does to a great white shark.”
In late 2021, after launching my data analytics software called Stocklabs — I created a portfolio for members to track. That account was seeded with just $100k and is now valued at $1.1m, all through hard work, grit, and an exceptional talent for profit.
I tell you this, not to sell memberships or convince you that I am much better than you — but to inform you, rather emphatically, to fuck off in the comments section with quibbles about things you feel on a daily basis. The Fly isn’t interested in your opinions, just your attention.
For the session, I closed +60bps, carefully allocated with just the right amount of shorts and longs, methodically calibrated to produce a portfolio beta that will lead to success on Monday. We understand the risks in the tape: soaring oil, panic into gold, flight from risk, spike in volatility — massive increase in put volume as the permanent bull class of investor become initiated in the age longed tradition of getting beaten senseless during the month of October.
Nevertheless, and it’s important you remember this, nothing is fixed and the best trades are often born in the fires of discord and acrimony.
Be prepared for a flush lower and subsequent rally soon.
It will chagrin a great many of you to learn that I have achieved success today, in the face of unspeakable horrors in the markets. We had a lift in the morning and soon plunged lower — as oil shot to the moon based off war and rumors of war.
I had a very large hedge in TZA and I kept said hedge, but sold my stocks — making me a bear once again. My gains stand at a comfortable 77bps, with even greater returns in my Quant +115bps, thanks to its heavy allocation in oils.
I told you I’d win, no matter the case. Now, I only have TZA at 10% of my portfolio and nothing else, watching the market clumsily top over and heave into the earth — taking all of the sinners down with it. In the end, people get what they deserve. Natural order will sort it out and after it’s all said and done — a new age of prosperity and legality will reign the earth for 3 generations — and then we will once again plunge into chaos — maiming and killing one another in the name of honor, glory, and duty.
I had an interesting day and I’d like for you to come upon my journey, describing to you in detail how I felt and why I did certain things considered by some to be sacrilege.
I had a wide array of plans entering before markets opened and none of them panned out. I was heavily short and angry at the market — because it wasn’t listening to me. As I am the most important person that I know, I took great offense to this and let my feelings be known all of the internet.
Early going the market shattered me into thousands of pieces — due to an odd divergence between small and large capped stocks. I was short the NASDAQ, which was up, and not short the small caps — which were down dramatically. Additionally, I had a massive position in the VIX, which for whatever reason refused to trade up. Again, I took personal offense to this and penned a blog about how I was so important the creators of the heavens and earth took time out of their busy schedules to target me directly, my trades specifically.
Late in the afternoon, I had obstinately held my shorts, consisting of but limited to 43% of my overall portfolio — valued at $1.1 million. I usually never partake in positions larger than 5%, so this was a blood feud for me — a holy war against those I deemed evil.
Then the market broke lower with alacrity. My ruinous session had been redeemed and I once again felt like a champion — the type of person to tell you to your internet face to “fuck off and to kneel before the iBankCoin standard” prior to offering advice. I closed out of my shorts about mid-way into the sell off — not because I cowered but because I am a professional and realized I had been under witch’s spell earlier to risk so much on a market collapse. It had seemed beneath me as I covered them for minor losses.
The transgendered bulls lost the initiative and then the NASDAQ — pandemonium broke loose — sending it down more than 120 and the VIX soaring more than 13%. I switched sides, as I am prone to do and began to accumulate stocks — reducing my losses from -2% to just -53bps for the session.
I stand before you redeemed and completely in charge, victorious over the stock Gods and everyone else — even though I lost a little money. Making money is only part of the process of being a successful trader. Confidence is everything and as of now — my esteem cannot be higher. I am HEAVILY LONG but with a sizable hedge via $TZA.
Tomorrow we cut off the heads of our enemies and let them know who is in charge.
