I was just joshing around when I said: “time to buy stocks.” I hope some of you lower IQ types detected sarcasm in my syntax.
The constant peppering by Cramer, calling bottoms and shit, is so perplexing; one would think he was some sort of coked out heroin addict. I mean, there is zero upside in calling bottoms, particularly when he has been so wrong on everything from gas to cash.
I, on the other hand, have no problem with making outlandish statements, such as: “we will hit new 52 week lows by Labor Day,” partly because I have a “calculator brain” and drive a plutonium powered time machine.
As you well know, there is no valid catalyst for being long equities, other than shorts being forced to cover. Now, if you sit back, light up a cigar and sip on some aged whiskey, you will realize how fucktardedly incompetent you are for espousing such a specious argument.
As far as I’m concerned, we have 500 points of potential upside and 2,000 points of downside.
How do you like them odds?
To play this looming disaster, I am looking to overwhelm buried bulls in bullshit bank stocks, via shorting them. At the moment, I happen to be long [[MS]], [[STI]] and [[UYG]]. However, they are hedges; bought to protect myself from mental instability.
On the short side, I really do like [[LEH]], [[TCB]], [[PCBC]], [[FED]], [[FHN]], [[PACW]] and [[LVS]].
Or, you can take the lazy man rout and go long [[SKF]], [[SRS]] and [[FXP]].
NOTE: iBC’s new blogger will be making his debut by tomorrow.
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You dance, I’m in convulsions of laughter.
This is why:
http://theflytheopera.com/
Cast a meaningless vote for The Fly here:
http://blogs.amctv.com/monsterfest/2008/07/horror-musicals-on-the-horizon.php
The vote means nothing, but we can’t have The Fly sitting in 4th place with 10% of the vote.
Late edit: You have to love the title of the blog post that led me to the above. I won’t spoil it by posting it here.
http://www.scottsigler.com/node/1620
I really liked K-Fines ideas last night, especially short SPG.
Trying to wait until we hit 1300-1325.
Long BOOM, in size, for a trade, before earns, OTB degenerate gambler style. WTF?! Why not?
Fly, have you thought of possibly showing us your trades in real-time? you could even charge for a premium type service. thanks
Thanks Fly – I admire your fervor and blunt language – I have to put up with too much sugar coated excrement posing as financial news as it is. COMPLETELY with you on the 10,000 Dow scenario – if we don’t cross 1291 on the E-mini it’ll be sooner than later (although later would be my favorite – more downside potential and cheaper options).
Note to Cramer- Fool me once shame on you ( as in 2001-03), fool me twice shame on me.
http://www.itulip.com/awards.htm#Cramer
Watching some big buying coming into MU and RYL.
I pee on Cramer’s bottom.
Fly, you’re suppose to preach patience, not impatient trading..
The future, Conan:
http://www.bostondynamics.com/content/sec.php?section=BigDog
The Centex CEO could not have been more depressing yesterday. No bottom in sight, totally downplaying any chances for an ’08 recovery and saying absolutely NOTHING postive.
Now the stock is up almost 10% today on horrible employment data.
Cramer might finally be right?
Cubs:
I am patiently waiting for the market to collapse.
As The Fly would say: all my ‘smart’ friends think spx goes 1325ish before rolling over.
What are the odds they’ll be correct? too scripted? or is it that Spanky’s use of taxpayer money will run out around 1325?
Otts, John Scalzi (mentioned in above blog) kicks ass.
Did you read “Old Man’s War?”
One for the Fly.
Billy Mays for the next Fed Chairman.
THE FLY speaks with forked tongue
Fly,
CLNE on your radar today? It’s above the 50 and 100 M/A now.
Brucey,
I was thinking the same thing last night… Everyone’s saying (even on Slope of Hope) “1310-1325”
We’re either going to under or overcut that, methinks.
__
(Update: Lol, just reading this and thinking “how’s THAT for a prediction!?”)
_
Willie Mays for Fed Chairman.
If we ever needed a “basket catch,” it would be about now.
__
There’s a SBUX about 300 feet from my office. About 3 years ago, I started hanging outside after work, reading the NYT and shit, & checking out hot chix [sic]. Every day, this fleet of smarmy young commercial mortgage brokers in shiny blue, orange, and maroon silk shirts would get their afternoon venti fagaccinos. These guys used copious amounts of hair gel, and they made sure that their bullshit Panerai watch straps matched their Cole Haan shoes. Those fuckers would always smirk as they walked by, even though my suit was hand made in Italy, and theirs was made in a sweatshop in the outskirts of Beijing. As time went on, there were fewer and fewer of these guys. The locals called them the Dying Hyenas, with good reason. Around 18 months ago, the smirks stopped, the trips to SBUX were quick & only included tall fagaccinos, and the silk shirts lost their shine.
Those guys haven’t been around for about a year now, and I’m still reading my NYT. Bitches.
I am the one and only grave dancer.
Get your own shtick.
Fuck off.
DSB:
Just how slow of a reader are you, anyway?
DSB- From looking at it’s stock price you may be the only one left reading the NYT.
Jake:
No, haven’t read any Scalzi. I’m hooked on podcast novels at the moment, so I can get my fiction while doing chores.
ottnott,
I can be an egregiously slow reader. Oddly, I seem to read much faster when there are no hot chix [sic] to look at.
Bulls vs Bears
Otts —
I am holy (sic) against “read to me ” media, as I think it’s an attack on literacy.
That said, I don’t believe you’re in the “at risk” category, so you get my papal blessing.
That said again, we took the audio of David McCullough’s 1776 out of the library for our long beach trip this year, and it was very enjoyable way to pass the drive time.
What an exciting period that was, and quite remarkable in it’s accomplishments.
Highly recommended.
___
Something fishy going on with CDE. Up 10% on a day most of the gold stocks suck wind (again).
I hope the new Blogger is a Family…Guy.
I can tell you one thing…he’s not persian.
I’ve found myself here several times before while trying to find various things. I appreciate the detailed articles you write, and in some cases this is the ONLY place I can even find them. Cheers