That’s it, I am done with investing for 2008 (blatant lie). I simply can’t stand it anymore.
This tape is 100% untradeable (more lies, I am up today). Here I am, trying to figure out this market, then BAM, some guy walks into my office and throws a fucking watermelon at me (another lie). I stood, with a hammer in hand, covered in black seeds, and chased him down the hallway. But he got away (all a mirage).
It looked like some sort of elaborate (delusion) scheme to get “The Fly” off his game. Let me inform you tricksters, “The Fly” can never be stopped, handled or even slowed down (I slept in the day after Thanksgiving).
As for this market:
I should just buy a couple million shares of MVIS (fat chance), going into CES. You know that fucker, Tokman, is going to get all “jiggy with it,” unveiling new devices and shit.
Also, let me tell you, oil is all the rage, here in Dubai (another lie). As you know, Plutonium Petey has an office on the 110th floor, in the “Dubai Space Needle” (ridiculous), where he trades like space alien magician. He is treated like a King in Dubai, mainly because he punches off everyone’s mustachios (never happened).
Okay, it’s time to go eat a sandwich of some sorts (true). My positions are all over the place, but my wins in gold, via ABX, are especially pleasing—since many of you liars were against it. Whatever is occurring in the minds of people who buy t-bills is disturbing, let me tell you. My small TBT position is being ransacked and there is no sheriff in town to help save it.
Finally, at these levels, it appears the market will asshole dip bounce. I might buy more FAS and UYM, in order to get the monkeys off my back.
If you enjoy the content at iBankCoin, please follow us on Twitter
The Fly is God.
CRUDE = $40.41
So much for the declining dollar propping up oil.
my parents just got back from Dubai. Oil prices will slam them but right now – 500 construction cranes in sight. When have you ever seen that?
hey fly, when you go to the gym are you one of those guys that parades around the locker room fully nude?
Fucking A. We got us a cowboy as Sec. of Interior. Where’d he park his horse?
Giddy Up!!
Fuck Dubai – its an over-levered scam.
Your parents only saw 500 read it and weep? I live in Dubai and there are more cranes than people here.
Fly
That whos.amung.us tracker at the bottom of the screen is pretty nifty
The TLT chart is ridiculous. Straight the fuck up.
I’m certain you concur with my views, Fly.
http://www.youtube.com/watch?v=KVHorckXMrc
HEY FLY:
How do you feel about holding the SRS given the fact that the IRS recently ruled that REITs can pay their dividends in stock instead of cash…
I think the fish in the barrel are going to shoot back at everyone short the REITs…. crowded trade
Additionally the SRS will break just like the FXP broke. SRS is for trades not for holding and waiting for a pop.
The FXP will pop someday but it may be from 15 to 30 or from 30 to 60 … who knows!
The Fly is God (lie).
He did not answer the question of drilling on Federal land
Can anyone explain to me what the fuck is going in TLT ? Seriously I bought some TBT @ $42 thinking I was smart. And now TBT is sub $37. WTF ?@!@!!#!#@
Kudlow is going to get his imaginary mustache punched off… in other news…. oil can’t keep doing this shit forever…
“Fuck Dubai – its an over-levered scam.”
Yes it did learn well from its U.S. and U.K. overlords.
CAP,
If it does not go green will you suck your own….
I am happy to report that The Fly was not on this list of Madoff’s victims:
http://tinyurl.com/6xxycc
now 400 cranes … now 300 cranes … now 200
enuff on cranes – ed
Donny said:
“CRUDE = $40.41
So much for the declining dollar propping up oil.”
Ever hear of a double bottom?
38 is the absolute lower limit until the run to $70-90 in 2009.
Zen,
My spy blocker stopped that site.
Look at Dexion trying to take credit for my claim from last week RE:SRS.
All reverse 2x ETF’s will follow the FXP model. When you have had a precipitous fall in price of the underlying assets and the ETF trades at roughly the same price it did prior to the fall, expect the ETF to get hammered down.
SRS, SKF, EEV… They will all follow FXP’s lead.
Fly Leech:
That is the tinyurl.com website. 10000% legitimate.
http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html
US Dollar Index has declined 9% in 8 trading sessions while the commodity complex (except for gold) has entirely yawned it off and the US 30yr has rallied in unprecedented fashion. This is FUCKED! To say this doesn’t make sense is a gross understatement. When abnormalities like this occur, it usually has a rubberband effect……not that I know what, where or when.
Forget a Christmas rally, we’re gonna have a Christmas crisis……these trends can not sustain and the smart money is under the mattress until something gives.
TBT will bottom btw now & the new year, and start paying off in ’09.
I agree with Shorty – all ultra x etf’s will eventually be garbage.
Slave… Why does that surprise you? The world economy is screwed. There will be no demand for anything. People are buying gold because they want to protect their assets when fiat currency disappears.
It makes perfect sense.
TX Slave-
Just when you think you got it figured out, “poof”, out goes the rug.
is this a mix up?
Ira Roth, individual investor $1,000,000 Mr. Roth, a New Jersey resident, says his family has about $1 million invested through Mr. Madoff’s firm.
What surprises me Shorty is when the value of a currency is expeditiously decimated and assets denominated in that currency are completely unaffected. Gold has done exactly what it should do when the dollar goes down.
But this whole thing with the 30yr rallying 30% in a month while the dollar crumbles also makes no sense. I flat out don’t understand how that happens.
Donny, Please knit me a new rug 🙂
Can somebody explain to me what is the latest on Madoff, has he gotten bail or is he still in jail? Did they give him house arrest with an ankle bracelet? If so, that’s a freakin’ travesty of justice.
There had to be people who helped him print those monthly statements. Also I doubt the sons “didn’t know” what was going on. I smell a huge giant barbecued nutria. Whoever participated needs to be taken down and spend a good few months at Rikers waiting for trial.
oh, and any bets, how much has been concealed, in Switzerland or elsewhere?
It really tied the room together.
Dear Mr. Fly,
Let it be said that I worship your white robe and get all wiggly when I think of your anointed sandals.
That said Mr. Fly, wake up please.
Get back to being you.
You know, the guy who was a trader first and a class clown second.
The last few weeks you have been chasing your tail. That is about as effective an investment strategy as “hope it works out”.
Ever since you saw the big numbers on your blog hits, you have, without knowing it, started making your priority entertaining us, trading second. While we find it highly amusing, it puts no, [soon to be worthless] dollars in Mrs. Fly and her kids pockets.
Maybe you are just taking a mental break after a good year. If that is the case, don’t waste your money and reputation trading like an 8th grader.
Just blog and tell us jokes until Jan 2nd.
If your priority is now being a clown, join the circus and get paid.
If that does not tickle your funny bone, then get back to what got you here in the first place. Concentrate on trading or take a complete break. The market does treat half committeed traders kindly. Even one’s with a 155 IQ.
Cheers,
Santa
ps…take a look at a chart once in a while. You influenced my friend to buy FXP a couple times this last 5 weeks at egregiously higher prices. I screamed at him with full fury that the FXP chart looked like death in motion on it’s way to hell. A ten second look at the FXP chart when it broke it’s upsloping trendline [of lows] in early Nov. was all it took to figure out that was a POS disaster in the making. I tried to scream at you too but the Gods willed my computer to break, so when I hit submit, nothing ever happened.
wow…Santacruz…some truth there….
Boca – They strapped a Lojack to my ankle.
I’m free to golf and fish, at will.
For the record, I’ve been saying FXP is garbage for over a month.
Santacruzr,
The last thing this blog needs is another condescending asshole bragging about the psychic capabilities of his charting skills in hindsight of a trade. Your small-minded pettiness and irrationalizations are all too obvious to seasoned investors, most of whom enjoy Fly’s foolishness as a break from the incessant rattling of Wall Street Fuckface Jargon. Please leave.
Love, Tex
Santacruzr,
Warning: you are about to be cursed.
AAPL and GOOG not participating.
boca:
Rikers is for NY State criminals. Madoff is a Federal criminal, hence would go to the Fed lockup, like the one in Brooklyn.
He is probably safer at home, because someone would kill the fucker in a NY minute if he shows his face. We don’t get a show trial if he is offed.
Tex said it all. No need to repeat.
TX Slave,
Yes, it doesn’t make sense, assuming there will be an economy in the future.
So, the question becomes this. Will there be an economy in a year? Or will all fiat currency collapse making hard assets king?
Thanks Zen, thought Rikers was for NYC too. But I forgot about this being a Federal crime. (imho) Screw whether he’s safer at home, they can put him in solitary 23 hours a day for his protection. It just seems so wrong that he can go back to his luxury apartment right now, that he paid for with stolen money, I imagine.
Santa Cruz:
Go fuck a toilet bowl.
Santa Fly
Shorty, I don’t disregard that as a possibility, but if that is the trade, why are commodities, so called “hard assets” not moving with gold…..that was one of my initial questions and cause for concern.
“I should just buy a couple million shares of MVIS (fat chance), going into CES. You know that fucker, Tokman, is going to get all “jiggy with it,” unveiling new devices and shit.”
You really should! You bought all those shares before they were ready to market anything, now they are on the door step. I am surprise you don’t at least buy 50k just for fun…
New lows by 1/12/09. Oil to $15 in ’09.
Nobody needs that retarded MVIS shit. MVIS to zero in ’09.
boca:
You’ve been watching too much “Law & Order”. NYC is part of NY State. Hence, if you can’t make bail for a NYC crime, you rot in Rikers until trial. He would be killed before he even made it to lockup. There are some VERY angry rich people out there. Fahgettaboutit.
TX Slave,
The reason other “hard assets” are not trading with gold is perhaps that there will be little use for those assets?
Boca – Here is an article, if you haven’t read it already. It explains a bit on what you’re asking about nobody knowing.
http://www.bloomberg.com/apps/news?pid=20601109&sid=aQv4Kmx.cs78&refer=exclusive
+ TBT here small. stop at days lows.
Tex – Thank-you.
Boca,
Latest on Madoff house arrest: http://news.yahoo.com/s/nm/20081217/ts_nm/us_madoff_21
And yes, a travesty. He will have a heart attack and die in bed on Frette sheets before he ever serves a day.
I take it you’re staying short through this rally Dog?
Yep!
FWIW,
SRS is at $57 and falling.
Getting ready to load ‘er up.
Thanks for the links guys. I was just venting about Madoff.
Actually I think Law and Order is a crock of hooey, so to speak, very far removed from reality, so hardly watch it. I know Madoff would be in danger incarcerated, but what was getting under my skin was that people with much lesser crimes don’t always get bail and this rich dude gets bail, I guess it’s always better to commit a really big crime.
Hey Devil Dog,
Fuck you too. I will be smoking big cigars when MVIS hits the market while you smoke big cocks.
I’m also getting dogged in TBT – I could stop it out, but I figure, there is only so low the interest rates on the 30Y can go, right??
–joe