Great day for the bears in burlap shirts.
Let me tell you, there is some fuckery going on in this market, with funds manipulating the tape, everyday, 10 minutes to the close. What kind of shit is this?
There is no way everyone decided to sell off of the benign news out of General Electric Company [[GE]] . The SEC is a piece of shit and they are too busy sucking the cocks of our political leaders, than pay attention to what is going on in the trenches. Assholes, your fucking market is broken. This is not the way equity markets are supposed to work, unless of course you are trading in Africa.
Mid-day, I was up more than 10%, but due to the late day robbery; I ended up 3.45%. All of the gains in [[UYG]] gone. Poof!
Normally I’d say this is terrible news for bulls. But, I am telling you now, that was not real. It was a bunch of homos, probably hanging out in the perfume section at Macy’s, driving stocks lower, in order to save themselves from further redemptions.
I want these faggots arrested and throw into a Vietnamese pit filled with alligators.
Top picks: National-Oilwell Varco, Inc. [[NOV]] , The Mosaic Company [[MOS]] and [[UYG]] . Fuck you.
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back away from the cash Son you ain’t gettin’ none
Do the longs really think we bottomed and we are going up from here? Come on.
You have had the shit kicked out of you everyday for weeks now. We get a big one day move, and some bullshit today, and suddenly you forget how broken this market is.
Wake the fuck up and get control of yourself.
Are you that stupid?
I’m up 58% year to date. That’s who I am; you’re nothing.
http://www.youtube.com/watch?v=9azUOjfbJ4Q&feature=related
We bears are pleased to serve you Fly. Enjoy, it is only your retarded bull sympathies to blame for your current frustration. This is a gay market, act accordingly. Doh.
Sticking my money and balls out. We are going lower. The bulls had their dance yesterday.
I wonder how the jobless claims and GDP numbers will look tomorrow. Or is it baked in?
AN Mike – Here. Here. Don’t go dancing on the bull’s grave’s just yet. I’m long and still up just under 30% for the year. Green for the day, month and year. How’s your equity doing? And yes, I was short all year until recently.
We touched the 970 pivot to the penny and fell 40+ points. Thats some first class fuckery. I was crying about my hedges up until 5 minutes before the close when the bottom dropped out.
You assholes are lucky theres an internet between us or i’d be kicking all your asses.
Seriously, that last hour or so of action was borderline criminal.
There is a fine line between irrational and manipulation.
Or maybe it’s just that I preferred being able to play with reasonable confidence the good ole’ manipulation of yester-yore.
Anyway, thanks Fly for the list from earlier today — that was what I had in mind via my post yesterday. It looks good, now if some common sense will return to the markets, maybe we can start enjoying this again.
One last note — and I’m truly not a guy who takes the easy shot towards someone…but I just can’t shake the image of this DEVIL guy and his Viper – it’s so ludicrous that it makes me think it must be the Fly having fun…I mean seriously, the guys that drive Vipers were the same guys who thought high school was the apex of good times and personal development. Said the future Viper driver upon his high school graduation: ‘Well, it’s all down hill from here boys. Let’s get a six-pack of Bud and call it even.’
DevilDog – covered everything at 3:40 this afternoon. Eye No.
This is not volatility. This is purposeful criminal manipulation of the markets.
There is no way this could happen, without premeditation.
Were going to get an event. Thats what we all want thats what were going to get. Moral Hazard is out the window. Its every guy for himself.
All the crayons and lines and Warren Buffet sayings are out the window….I think this time is different. Tsunami is never a comforting word.
Gas in Independence,MO $1.87 2.PM
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I bought a Coke for 10 cents
It went to a nickel and I bought 2 cokes
It went to 3 cents and I couldn’t afford one.
mrkcbill
I’m a Missouri man born and raised…I knew there was something I liked about your posts.
I can’t believe that gas price — we’re a dollar higher here in Santa Fe, NM.
WM
awesome market read as of late fly – 2months to get to triple digit % return for the year
Fly. Your up 58%. Don’t lose all of it with moody moves and howdy doody strategy. Get into cash and play this market with peanuts. I am ready for a long winter. got long johns and everything, snug as a bug with plenty of toys to play with. You want to play in the quicksand, be my guest. All Bulls eat their own snot.
I don’t know who let the fuckin’ cat out 10 minutes early today, but Fuck Off, whoever you are.
I’ve been reading a ton of bullshit from you fucking longs all gawd damned day. Talking about “bottoms” and “capitulation” and “sustainable” bullshit … all of it bullshit! Who the fuck are you fuckers kidding … this market has not bottomed. No fucking way.
What’s the moral of the story:
When the cats away,
the mice will play!
just a lot of preset stop orders got hit
The Obama infomercial sell-off.
Come on Fly. You know this game is manipulated. I can’t tell you how many times I see a particular stock go up or down big against the trend of the day only to see an analyst rating or news on that stock come out the next AM.
I agree this market is ridiculous. I traded both long and short sides and made 2% today. This is one of my best weeks of the year so far, making good money every day. Hope it continues on Thursday and Friday.
this is criminal “acting in concert” by mafia controlled money .. get used to it .. this are the new laws of the game .. no one can stop them .. some time ago they controlled the markets of malaysia and russia now they own your house…
Shit, they have been manipulating the futures for the past month. Today was nothing new.
Shorted ES and NQ at 3:28pm today.
FYI.
Now they’re backing away from the “GE revenue down 10%-15%”. What the fuck is going on?
When The Fly turns on an Xbox the screen just says “You Win” and turns itself off again.
Mr. Fly, We need to talk with you…please meet us in the stall at the Airport men’s room.
“this is criminal “acting in concert” by mafia controlled money”
Jeez. get a grip, this is turning into fantasy land. Its a market idiots things happen. This is more crybaby bull griping. All bulls are fatuous, lazy mama’s boys with goatcheese for brains.
Pretty good Chucky Gets A Bride movie on AMC now.
A classic.
GE news was all fake. That’s funny.
On bad GDP numbers, up 350 tomorrow.
Realistically, today was a Godly consolidation day.
Pure market manipulation….spot on FLY……..
OEW Recap Today:
“After today’s rally to SPX 970, the probabilities are increasing that the downtrend ended with a 5th wave diagonal triangle at yesterday’s SPX 845 low. The DOW has already exceeded that short term quadruple top between Oct 17-21, when the SPX was hitting 985. Also, commodities have now rallied three days in a row for the first time since September. A rally in this asset class would help the stock market. Major support is now at SPX 912. A break below this pivot and the market enters the vacuum again between SPX 848 and 912. Should this level hold we may experience an uptrend for the first time since August’s SPX 1313.”
Tues Close Recap:
“The SPX pivot at 990 now becomes the determining factor. Should the market rally above this level it is then likely a new uptrend is underway. If the market fails to break through, then a retest of the 840 pivot will be needed to finish the diagonal triangle 5th wave. With the VIX at current levels it might not take long for the market to rally up to major resistance at SPX 1179. This is the level from where it broke down in late September. SPX 990 and 840 are the two controlling pivots.”
Note: CNBC reports the BS news on GE was just that, BS … get the Rally Monkey ready. Keep an “ion” HIG AH.
For once Fly and I agree!!
The market has been rigged in the past 24 hours, but it started with the huge run up at the end of play yesterday, a ‘mysterious player’ bought up a ton of S&P futures in the last hour yesterday, hence the ‘fake’ run up over 9000 on the Dow.
The same players squeezed it for as much as it was worth today, then let the thing go, cashed in, and walked away.
It was nothing mor ethan that, and the next moves will just be back down to where we were a few days ago, 8200-8400.
Nothing has changed in the world, the outlook is as grim as ever…the Fed just have a little less ammo to fire off.
Get short.
Well now we know how we react to bad news.
Which is all we are going to get going forward for the next 2-3 QTRS.
More panic. Bucketshop motherfuckers.
Give me some good news
Lol fly!
Your f*cking prose is a beaut!
Whenever the manipulators screw you out of your last cent, you should write kids books.
Yogi-
Im up 14% for the year. Ive been making very short term trades for the past month or so. Really havent been holding over night. If it wasnt for BAC taking my head off not too long ago, I would be up much more. I cut my losses with it and now refuse to trade anymore financials (long). Too much headline risk for my taste.
I am working on a longer term thesis for myself and will put togther a portfolio based around it in the near future.
my current positions are:
EEV – just bought at 3:40ish today
SPWRA- just shorted at the close
FSLR-Strangle
will get out of everything tomorrow.
This is not the way equity markets are supposed to work, unless of course you are trading in Africa.
Janvi! Bonswallah! Get your machetes and bring me this insolent fucker’s ears, pronto!
thought they passed a law about ass wipes reporting false reports ..somebodys head on a stick by the front door in the morning ??
How can GE’s Mr. Immelt dump that information during market hours on CNBC, a station that GE owns?
Is that even legal to put out earnings guidance before the market closes?.
What a cluster-f-ck that was.
MOS was set to go out on it’s highs..that S.O.B. rat-bastard.
Get Jack Welch back in the drivers seat at GE.
Ok; Lets look at what happens with the amount of money being pumped into the system by the Fed. It has always caused a bubble. I think for the next 10 years we are seeing the start of a supper commodities bubble in oil,copper and gold. This will lead to wars for control of natural resources. That is the reason for the interest in the USA. We have the best war products. If this rally continues it is the fucking start. It is only hedge fund forced selling putting a hold on this shit.
Fly’s just mad because he doesn’t have enough jack to move the market by himself. Any way the wind blows, eh Fly?
You want an answer on today’s action, see this post…pretty interesting stuff.
http://elitetrader.com/vb/showthread.php?s=&threadid=143034
I’m with you… that reversal was sick and painful.
The RO got completely mangled because of it… second time in a week we’ve had that shit happen at 3:50, just after you are locked into the MOC orders.
-DT
Visa just said on their call credit card volume went negative in October. Economy still sucks folks.
Fuck elite trader.
-DT
This is not the way equity markets are supposed to work, unless of course you are trading in Africa.
Dergue Commandos!
I want this pissant’s tongue lanced and his hands nailed to the roof of my Eldorado!
Post-haste!
MR EB… true but the markets will turn around before the economy does- what is it, usually 6-9 month lag for the economy from the markets.
No Marium, you will not have the infidel!
Not if my Disciples of God can hack his balls away from his sac first!
__
Anonymous, if you read my posts last Thursday and Friday, you will see I nailed this rally. Now I’m just trading long/short.
I love it, the “faggots” that Fly refers to are in fact mostly mutual funds, who for years have been rigging the tape higher.
What a pussy whining about last-minute manipulation that doesn’t go his way?
Not to worry, those “faggot” mutual funds will no doubt be propping the tape higher into close on Friday. Go look at history….even in 1929 they successfully marked the tape higher by 10% through 10/31. The next week was another matter entirely.
Next up… Fly blames “the Jews”. Requests they all be rounded up and put into camps.
That is, in essence, who he is blaming. I suppose you want them to wear little pieces of flair too?
You gotta love the bio on this last guy. Fly’s kind of scum, no doubt:
Teodoro Obiang Nguema Mbasogo, President, Equatorial Guinea
Known as ” El Jefe ” (The Boss), Obiang is “in permanent contact with the Almighty”, according to a state radio report broadcast last year. “He can decide to kill without anyone calling him to account and without going to hell because it is God himself with whom he is in permanent contact, and who gives him his strength,” a presidential aide told listeners. (4/25/04–suntimes.co.za)
[He] has ruled Equatorial Guinea since 1979 when he overthrew his uncle and had him executed.
His government has been described by several human rights groups as among the worst abusers of human rights in Africa.
The tiny west African country has grown to become the continent’s third largest exporter of oil, but despite the new- found wealth most of its 500,000 inhabitants still live in abject poverty.
___________
Another take:
Independent Online: Nguema came to power 25 years ago by killing his own father. This happened after he became known as the country’s “torturer-in-chief.” Equatorial Guinea is a very small African country, but has a lot of oil. Its per capita income puts it near Greece and Portugal in terms of wealth, yet most people live on a dollar a day. Nguema’s government, Human Rights Watch says, is stealing most of the money.
____________
Yea Jake, if you have to explain your joke, its not funny.
TP Says:
I suppose you want them to wear little pieces of flair too?
I might have taken offense to that comment, but I’m not Jewish, therefore I lauged like I have never lauged before. Thanks for that.
Is Devildog still alive?
It doesn’t look like I’ll be detailing Devildog’s Viper at the end of this week.
DEVILDOG is grounded…that means, no visitors, no TV, no computer, no playstation, and absolutely no XboX.
thats my sisters son and she didn’t marry well….as you can tell…thank the lord the nitwit brother in law of mine has grounded the ne’er do well
Senor Fly would have loved the 20s – 5% margin and conspiracies to commit fraud – groups buy a small stock and plant newspaper stories that tout it and then sell to the suckers who bite on the story. He would have called himself the Great Gatsby.
The mid/late 1800s were even more fun…
Great-great-great-great-great grandfather DD:
http://en.wikipedia.org/wiki/Daniel_Drew
Drew University. Lol.
That sounds like my alma mater’s namesake, donating smallpox blankets to the local tribes for pacification purposes*.
____________
(*Allegedly apocryphal, fwiw)
_
TP — go fuck a sturgeon.
_______
Other than gap down open, the SPX has never dropped 45 fucking points inside 10 minutes.
Its actually better this happened for the bulls. Consolidation and fade the fed bullshit is in play now. All of this will continue to give shorts the runs tomorrow.
If obama wins, can I be president too
Why did no one complain when the SPX went up 45 points in 10 minutes?
Just sayin’…
Crazy shit no doubt…but exactly how is this fuckery pulled off?
Seems like the Fed and SEC are doing a bunch of stuff to send the market up overall. There’s a 700 billion bailout bill. Interests rates are now lower than pond scum. Gasoline prices have declined.
The market has bounced off of resistance a few times now.
I wonder if that bull getting ready to charge out of that gate is on steroids? Will there be another significant test of the bottom before he busts the gate open.
the day after the Fed announcement has always been the better day.
usually, you get the initial move, then a reversal, then a follow thru the next day, in the direction of the initial move.
This was a little more exaggerated than usual, but i still expect tomorrow to be a strong trend day.
Wood,
Because the SPX didn’t go up 45 in 10 minutes. It went up 25 in 15 minutes. SPX has never moved that much that fast.
45 inside 10 minutes is a new record.
Marty Chenard today:
“STOP … don’t get too exuberant after yesterday’s move yet.
Why? Because there are too many red flags yet to be resolved.
Like what?
1. We had an Institutional Investor red flag yesterday from the actions they showed on their “core holdings”:
* They increased their holdings on 40% of the “core holdings”.
* They had no change on 19% of their “core holdings”.
* They decreased their holdings on 41% of their “core holdings”.
This did NOT match the exuberant behavior of the smaller investor yesterday.
2. The number of daily New LOWs on the NYSE: Yesterday’s reading was at a negative 592, which was higher than the 585 on Monday.
3. Another red flag is what happened to the number of “Very Strong Stocks” with increasing strength yesterday … they dropped 24%. That suggests that the small investor got exuberant while Institutional Investors sat and watched … in other words, if Institutions don’t start buying into yesterday’s up move, the small investor will get left holding the bag.”
…uhhh hem…
…“Money is an ass” !!!
~ The Fly ~
The Fly is correct.
These wild swings are indicative of a crazy move one direction or another. Seems like the Fed and SEC have thrown the kitchen sink and the bathroom sink at it as protective measures. This market seems pretty low already. The three major sell offs that tested the DJ 8000 were a signal for me to jump in and hope for the correction upward.
I’ve positioned myself for the upward move of the market and expect some results.
If I end up a bag holder, I’ll write back looking for sympathy.