PREPARE TO BUST LOOSE TO THE DOWNSIDE

I lost 4 pounds in the past week and this fact has seemed to greatly annoy Mrs. Fly. I didn’t know I was fat — until I got on the scale and saw I had gained 10lbs. I want you to also understand that fat to me is very thin for you oreo cake eaters out there. There are few things in life you can control — this is one of them. If, by chance, you find yourselves addicted to food — quit being a pussy and stop eating.

By September I will have reached my goals and then maintain my weight to conform with proper decorum. It’s important to abstain from things and to suffer. You can’t go throughout life being an insufferable hedonistic son of a bitch. Work hard and impose your will onto others, and then die.

I am very heavily long UVIX alongside many stocks neat 52 week highs. The goal here is to be long — but also at the same time hope for a full blown blowout of US equities, sending Bidenomics to the fucking trash bin. With the US 10yr at 4.2%, it seems we are on the verge of something extraordinary

My UVIX hedge helped me this morning to FEND OFF THOSE FUCKING LOSSES. I closed everything out and just own BTC and I am happy to be flat for the session. I see the market is attempting to move from left to right up — but I am not impressed, nor will I be fooled.

The US 10yr has completely busted loose +12bps to 4.19%, which means it’s really over this time. WTI is up 2% as the fucking catamites in DC bungle about attempting to defeat Russia inside Russia. The NYT reported that Ukraine has dropped NATO war tactics after losing 25,000 men in their recent offensive — basically taking human beings and tossing them into fortified positions without air cover and without enough ammunition.

It seems, the US is fighting both Ukraine and Russia and winning! But to be honest, it’s cowardly to inflict this sort of misery onto a people. I am sure the Ukrainians might prefer to actually live rather than die in a ditch.

The basic principals of Darwinism is at play here. You, as a smaller nation, do not fuck with a bigger one next to you. If you do, there will be kinetic ramifications. If you are unable to deal with those ramification YOURSELF and without the assistance of a pimp — you place your entire people in danger. They have placed all of Ukraine into mortal danger by attempting to suck American dicks in DC.

Back to markets, I might trade a little this afternoon to make some money — but I do not trust this tape — not with yields soaring like this.

Harrowing losses for the plebeian class of investor today — hammered into the ground and forced to attempt to dig out from their folly amidst noxious fumes. I will tell you this — at the open of trade I too had losses of greater than 1.2%. But unlike you, I had a large position in SQQQ and I sold all of my longs and kept my SQQQ and then proceeded to rip out trades all day to close FLAT for the session.

You have to understand, I am not trading to lose. I will win at all times, especially on down days. I am very happy we have real time portfolio management inside Stocklabs so I can show people how to comport oneself in a market, such as this. Sadly, like in all facets of life, people think they know more — can do better. You can only drag a horse to water. It has to be thirsty to drink.

I closed my SQQQ short and have a long book into tomorrow — but with a 10% UVIX hedge. I figure the market won’t go down for a second day in a row. Such blasphemy cannot be tolerated. BUT in the event it does, it’s very likely we’ll knife the fuck lower — providing an outsized move in the VIX.

I am in tightly correlated stocks to the general market, in order to avoid divergence.

Off to go exercise my fucking knees.

Last time markets tanked — but bond rallied and yields collapsed because of the perceived safety of treasuries. This time, even with crude down, the US 10yr is now +7bps to 4.12%. Understand the different between than and now and draw your own conclusions.

In my opinion, last time people chalked it up to a one time event and sold stocks down — but rallied around treasuries. This time, everything is being sold except old man stocks.

With VIX at only $15.92, it would seem markets are in for a bit of a tumble, if I don’t say so myself — perhaps a bit more.

I remember the last time this happened like it was yesterday, back in 2011. How dare they remove the US AAA credit rating, when in fact all we do is exhibit irresponsible finance.

Take for example now. We’ve deficit spent to our heart’s delight for decades upon decades, but really ramping it up with vigor since 9/11 and then the grande finale, mother of all grift, COVID-19.

We now have $32T in debt and because we caused inflation and had to raise rates like lunatics to prevent societal collapse, we now pay close to $1T per annum in interest.

Look here Jack, the civilization that was made here by migrant Europeans for the past 200 years is fast coming to an end. We are actually heading into reverse, led by people who couldn’t manage a village during pre historic times. Do you understand the ramifications of this sort of collapse?

Nothing is what is was and it can never get back to the way it should be — because America has been destroyed from the inside out — hollowed out like a tree to ride as a nice canoe and will never again grow leaves or new branches.

What we have here now was created by previous generations and although we of course still have brilliant minds to sustain balance — those people will soon be overwhelmed by the leftist plague that is intent on disintegrating the country, just like all of the major cities they’ve imploded over the past 50 years.

In regards to the credit downgrade specifically, it means little since all western nations are traveling at the same speed. The much larger issue is the actual debt, tax burdens, and eventual banking system failure that will come in our lifetime.

I can feel the shift in my disposition — the sense of market awareness is becoming acute. This morning I entered the foray -160bps and closed my laptop and fucked off out of spite. Upon returning I made it a stated goal to trade back to flat and did exactly that — just before becoming a bit overzealous and drawing down to close -40bps.

I am reading well, adhering to the strictest of cutting diets, NO FUCKING BOOZE other than some club soda and bitters — and I generally have a keen understanding of certain areas in the market which is attracting traders.

I am into superconductors, AI, LIDAR, BTC miners, Flying fucking taxis — and so on and so forth.

I did close with a gargantuan short via SQQQ because fuck you — that’s why.

See pal or JACK, whichever you prefer, this is my market and you’re just a spectator. I can go out there tomorrow with the tools that you have and make $15,000. Can you — can you?

I didn’t think so.

I finished a book last night Garden of Eden by Hemingway. It was his final book, published 25 years after his death. It started off great and then dragged so much in the middle with hedonistic plots that I nearly gave up on it. Boy was I wrong because it finished on par with any of his other masterpieces. The tell was in the title and his relationship with his wife was and still is analogous to many a failed marriage. I don’t think Hem even meant for this story to be real. It certainly did have flashes of his life and one of his wives who liked to cut her hair short and it definitely echoed the relationship between F Scott and Zelda. If you understand all of those dynamics and don’t look at the book superficially — I think you’ll like it.

At this point I can’t even keep up with the TIK TOK. The bond market is throwing misdirection on a daily basis — but today we have real doom casting upon us with the US 10yr +10bps to 4.05%. This is not a drill — Jack. This is the real deal.

Listen to me, mortgage rates will encroach upon 8% soon and the FOMC will hike again because the CPI will be 2.10%. Since they’re autistic, they need it to be exactly 2% or below. Once below, the FOMC will cut rates — but by then it’ll be too late.

Just like in 2006 when Greenfuck hiked until the economy broke, the Fed is attempting to do that now. But you slobs have been resilient and your stubbornness to break is causing them grief — because assets are still expensive and there aren’t any deals to be had, lest you want to by Bed Bath and Beyond’s inventory.

The NASDAQ is down 70 — but panic is low. But you should panic and the faster you do panic the quicker the Fed can have their COLLAPSE and be able to text their friends to buy up the asset forfeitures on the cheap.

It’s important that I receive credit — because it’s due.

I closed the way I was supposed to close and received what was coming to me. I stand before you on one limp leg and starving due to a self imposed diet to remove the fat which has infiltrate my life. I will not stand for it and do not require food  — because it’s secondary to my goals.

My trading account at RECOURD highs, the quant +7.2% YTD doing what robots do — and my new strategic account just getting started. It was an old account that had losses in it and you will soon find those losses to be erased! with gains. That’s a longer term account designed for men who work and cannot trade with me during the sessions.

Le Fly is an immense talent — able to navigate and dominate all markets in front of him. I do not tell you this to make you feel bad — but instead to make myself feel better. If given the choice to talk shit or not, I will always talk shit, even with just one leg, because that’s what men do.

I wish you the best in your endeavors. But truthfully, if I was you — some greasy mechanic spending his days in underwear — I’d follow me and achieve greatness thru me. We can’t all be stock market wizards — can we?

The faster you acknowledge and accept your limitations — the faster you will learn to delegate to people more gifted than you.

We have a fucking theme going for sure. With war in Niger looming large and the dreadfully frigid and icy winter looming just a few months away — it seems the CATAMITES in DC have stopped leaking the SPR onto the market — and so the price has rebounded in kind. The price of crude, that is.

Moreover, should the Niger situation spiral with PMC Wagner with s-400s there — I could envision a scenario of doom surrounding Europe’s energy situation, providing rallies in both LNG and coal.

That’s right, the continent of windmills will be sending their fucking migrants into the mines to fetch them the black.

Let’s catch you up to speed.

Former French colonies are now called ECOWAS. France prints francs for them pegged to the euro and in return they had to hold 50% of their reserves at the Bank of France. One of those nations was Niger. Last week the Niger govt was toppled by a military dictator, who is pro Russian. PMC Wagner operates in several adjacent African nations and might be assisting the junta in Niger.

Who needs Niger? 90% of Niger is without electricity and is one of the poorest nations on earth.

Well, it just so happens Niger is one of the largest suppliers of Uranium, actually the main supplier to France. Thirty percent of French uranium comes from Niger and they just suspended exports to France after France and other ECOWAS states threatened war. The military junta in Niger had been given a deadline to surrender and allow the western friendly regime take back power.

Spot Uranium

All of this leads to the trade I’m in now: spot 308. Befor this war uranium prices were squeezing higher, because let’s not forget Russia is a major supplier of uranium too. If France cannot get Niger back into its fold, there is going to be a problem in the EU and this might lead to another spike in LNG and coal prices.

It bears repeating, attacks on the new Niger junta are imminent. The way this will play out isn’t clear and I’m thinking a risk premium might be applied, especially if Russia actively supports Niger to fend off western attacks.