There is no navigating this market, unless of course you are long banana stocks–like CQB.
While some of you would like to blame “The Fly” for this heart attack tape, blame yourselves– fuck faces.
As you know, “The Fly” was programmed to be bullish on U.S. equities. This fucktarded, dickless tape has caused his software to malfunction, resulting in untimely purchases of retarded stocks.
All day, leadership names got lit on fire. Big losses were abundant in all of the material, energy and tech stocks.
Intra-day, stocks like HANS, VMW and GOOG were big time recipients of the “homo-hammer” of death.
Naturally, everyone is anticipating a bounce. Past short squeezes have made me hesitant to sell into this tape, much to my chagrin.
One thing is perfectly crystal clear: stocks are for asshats.
However, aside from managing “ridiculously ugly/busy websites,” it is my job to navigate this shit.
In short, work just got a whole lot tougher.
NOTE: CLX and other recession proof stocks keep marching higher.
NOTE II: We appear to be somewhat doomed.
NOTE III: If I hear “there are more shoes to drop” one more time, I will throw my fucking tv out the window.
Unfortunately, developing…
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“We appear to be somewhat doomed.”
Sorry, been a bear since the last rate cut…
Good for you.
Now die.
When all CNBC reported on was the Enron disaster, they coined like, at least 4 words to describe the disaster… “Enronitis,” “Enronned,” “Enronization,” and “Enronneus.” (I wrote them on my computer monitors… yes I still use the same ones.)
So far they only have “Subslime” and “Subcrime” for the subprime mess. Once they get to 4 words, the market disaster will be over.
That’s my guess.
-DT
VMI just keeeps going down. It had a nice 10Q but in this tape it just keeps getting kiked in the balls……
good analysis.
The new site has grown on me.
However, I feel like I just got “kick fucked” without lube.
Trying to stop the bleeding.
Don’t forget the Donald – he rose today like a viagra-spiked cock.
Look at DIVX , up over 50% since last Monday.If only I could get so lucky with all my positions …..
The best thing to do in this market is go to cash, pray for a crash and when it comes, start buying the Bull ETFs QLD SSO DDM with both hands.
I don’t want to go long till I see some bottoming action i.e a 300-400 point morning drop followed by a green close. On the other hand I may go short if I see a really bullish open with the Dow up 150-200 points by midday.
Cap:
Cash helps.
However, you will never catch that sweet bottom from the sidelines.
Quit being such a pussy.
BTW: Sign up for “The Peanut Gallery.” I’d be interested in hearing your views.
What a day! It seems like all of my stocks were taken out back and shot in the heads…Even when DOW was up 100+ points, my portfolio was still way in the red…I am not a perma-Bear and during last three market corrections I still felt bullish and bought on the dips. But this time around, I am not so sure…I hope I am wrong but this may be a start of a more meaningful correction/bear market…Any thoughts?
Can I take my Tie off now?
Fly,
This site kicks major ass. I would suggest only adding two or three more well known bloggers to up the traffic. Then grow organically through word of mouth and sell out to a venture capital firm for big money. Split it between the contributors and then vanish off to retire in Tahiti.
Copenhagen:
Buy UST.
Yes.
Burn your ties and drink some gin.
DogBone:
Sign up for “The Peanut Gallery,” so that I may sell this shit box quicker.
Dogbone:
The Fly will never leave…. Merrick!
er….
Matzoh-pizzah!
um…..
Muttontown!
…
Oh, fuck it…. Montauk!!
Block Island!! >?
MrKCBill: HA!
Side note:
The Zombie Suicide Alert Level raised back to Red
(after looking at my portfolio AH)
Jake. No more. Been on the wagon for 5 long months. I still can taste it, though…
The market “should” have bounced today. There was really no major negative news. Tomorrow will bring pending home sales, which I’m sure will be just awful.
Nasdaq closed just above 200 day. RSI(2) is at 2.24. This should generate multiple technical buy signals. Maybe tomorrow will then be the bounce day, although I think that it just gets played as a spike to sell, not a place to add to positions.
Oh, and I’m 80% cash, and I think I will catch that sweet fucking bottom, from the sidelines.
I’m gonna get loaded up on bourbon and go shoot some dice. Then I’m gonna fuck off and have a steak and drown in my sorrows. Tomorrow I put cash to work.
Adobe- my bell weather is getting pounded AH…
Jake- MON got spanked.. I still want to own some. You think we see 70 before 100…. shit I was assured that thing goes to $100… sorry about the Gmen… I didn’t get do NFL yesterday…good thing– Chiefs suck.
Something tells me some historic shit is about to happen. Fly good time to be in the blogging business. I’m not sure about the running money biz.
Harry, jack be nimble pal.
Take and go if there is a bounce tomorrow.
We not done, son.
What? No five Coronas, Harry?
As for me, I got smoked by POT. Yeah, that’s right.
Fixing a huge bowl of oatmeal for dinner with some finely diced chunks of medium rare ribeye and some Monster Khaos.
Heartburn developing….
KC — yes, saw MON… I got out of half last week at 97 fitty (which was a stop, actually).
I will look for a bounce to take some more down tomorrow.
I am buying nothing. Shoot, I may even let a little SLV off tomorrow. That’s nuts, for me.
Again, see Flannery O’Conner’s A Good Man is Hard to Find for reference.
The Misfit has come, and he is taking everyone off into the woods for a good capping.
Everyone.
“The Misfit has come, and he is taking everyone off into the woods for a good capping.”
That is great!!
Jake–
Did you ever put on those LAZy shorts?
Ironically, “The Fly” died today anyway.
Dawgg:
I did not.
I have a rule about shorting my friends’ employers.
Or I would’ve barbecued that farking MER before they took Stanley out back and aerated him.
It’s kind of a “Festivus” for the bears right now. This shall pass. However, my LAZy shorts are working, no disrespect to your friend intended.
This market sucks fat ass. How the hell do you pick a winner? VMI crushes earning by .20 and goes straight down under 80??? A chinese lotto SDTH reports record revs and is growing 50%while adding capacity and gets hammered. But fucking bannanas miss and go up?
Obviously this market is for retarded monkeys and darts.
when the music stops sit down
Stocks are (currently) for asshats. Remember that.
I blame the MER bull on our cover up top.
Remember what happened whenever you rolled that efftarded cartoon bull out?
Now you got the permanant variety, and I swear he’s chuckling at us.
Look and see if he isn’t!
T is for Turnaround Tuesday but first the maket will make you puke and sell everything at the bottom. Like the sun setting in the West every day, it’s the natural order of life. However, if GS has been lying about their exposure and they reveal Billions of losses forget what I just wrote. It will then be an electronic Hell of sorts.
It’s kind of an evil chuckle, too, like the Ray Liotta laugh.
Holy crap, I just checked out the tee-shirt section.
I thought you guys were kidding.
Bonus is, Fly was good enough to model for us the “Ibankcoin.com” tee shirt.
Note the fancy “Japanese barber” haircut.
Fly, did anyone ever tell you you look a little bit like Jerry Seinfeldt?
He was from Massapequa too, you know.
Like Alec Baldwin and his fucneck brudders.
And …. Steve Guttenberg???
You can’t get anymore recession proof than CSV and other ‘death’ names out there. The funeral services business will be booming as brokers, mortgage dealers and home buyers kill themselves.
Stuff like only happens in the movies.
Bear with the efftard commercial they make you watch to begin…
Whoops… missed the “this” in the middle, effing up the whole presentation…
Anyone see FMXL…. buying opp of a lifetime…
I love her press guy trying to get wide and box out the whole thing.. Was that Fucktard?
Hey I just posted Anonymous….. Wonder what Peachin’s up to these days.
Start banking real coin. European stocks are still undervalued. British stocks have a PE of 12. The four horsemen are dead for now. My European fund is up 50% higher in 2 years and going strong. And the Euro is strong. EWB looks good here. Chinese stocks are a bubble with a PE of over 20. FSLR and SPWR are good shorts. Thinking of pulling my money out of etrade. They were making reckless loans. Foreign money pulling out of US stocks. Cramer is busted.
Jake:
That’s not me you stupid fuck.
“The Fly” doesn’t wear low end t-shirts.
There for you retards.
Naaaaaw, you schittin’ me?
That wasn’t you in the blank tee shirt Cafepress uses for their low budge customers who won’t pry for their own shirt models?
Your haircut is that fancy, I bet.
__________
“There (sic) for you retards.”
Crooklyn in da house!
Hmmmmm…. let’s see, should I hedge global recession by buying stocks in countries with creaky demographics and 1.0% GDP levels on a good day (that day coming when their respective governments take a breather from taxing them into the fetal position to pay for 80 years wrong state welfarism)?
Or should I take a pass on that?
The Ray Liotta laugh.
LOL
http://www.youtube.com/watch?v=-ZAoGJtjgKQ
This market is not for the weak. Mr. Subprime is just rearing its ugly head…plenty more to come. Isn’t it amazing these firms are just now announcing their exposure..these dickheads didn’t realize it was on their books… get the fuck out of here.. these are the second set of books they all just found….
I say sit in cash and cherry pick….e.g fslr 160 to 240 now back to 170. Daytrading is for nuts, but works using the right indicators….. Fly cool move to the site… Don’t tell ducati where you went. Let him keep writing his “market poetry” on the old blog so we can laugh….thank god you didn’t bring ducati and his boring bullshit with you ..hey ducati flip a coin it’s alot easier…
good luck on the new site and keep your balls crossed for the market
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