Quit embarrassing yourselves, you fucking idiots. All of a sudden 2009 comes and you think the appetite for risk is back? What kind of crack/cocaine blend are you smoking? I bet it’s the good stuff, with very little additives.
Look you, China’s economy is collapsing. I’ll say it again, China’s economy is collapsing, not just pulling back. They are the factory for the world and their domestic economy, led by former farmers with a pitch forks in hand and shit on their shoes, is as broken as a debit card from Bernie Madoff’s brokerage firm (rim shot!). Okay, enough with the Madoff jokes already.
All of their (China) recent output and consumption data is pointing towards recession, not 9% growth—you fucking faggots.
Over the past 16 months, investors, worldwide, have been depleted/relieved of their capital, in a very rude/abrupt fashion. As a result, we now have billionaires jumping in front of speeding trains and thousandaires shooting howitzers shells at their faces. And, all of a fucking sudden, in the miracle of all miracles, you believe the Gods have bestowed a “generational stock market bottom” on us, in the form of President Obama and his magical job creating microphone. You believe his microphone will suck the pants off of you, if you just, well, believe— hard enough.
You say to yourself: “I believe it will, oh Lord Obama. I believe that a change is a comin’ and Bill Miller is a gonna be right buying asshole stocks, in 2009. I believe.”
Then, much to your chagrin, a few jerkoffs from Brooklyn snatch your chain and wallet, while your busy praying to a statue of a Chinese coal factory.
The good news is: as always, “The Fly” will end up being right.
The bad news is: you’re not qualified or capable of staying in this business of investing.
Let me clarify.
If you are “day trading,” you’re a loser anyway. Therefore, I don’t even bother spitting in your general direction. See day traders are like little vultures flying above, waiting for a snack, while the lions below “eat their share.”
On the other hand, some of you punk investors are entrusted with vast amounts of coin, via clients, family trusts or through others means—maybe mafia related. Who knows? Anyway, you just can’t help yourself, buying stocks all the time—can you?
You suffer from a mental disorder and need to seek therapy right away.
Look, I’m sick of making my point. I’m really fucking busy right now, planning to chop off the heads of a few bad oil/gas names. Do me a favour [sic], good Sir, and go fuck yourself.
Happy trading!
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Dude…whats with the early morning pyschological abuses?
You didnt get some last night?
What u buying? I am assuming you have some FXP? I will load up on some EEV…starting the new years with a positive attitude via shorting some stocks.
There will be a spring relief rally beginning soon enough .. maybe another week or 3 .. dicey until then … from what levels the rally springs, has yet to be determined
“Spring rally,” as Winter just begins. Are you out of your fucking mind?
Geez.
someone is down for ’09 and whiney
Chinese coal factory??
Actually, I’m up asshole. Have you taken a gander at the market recently?
Thanks anyway.
Working Man
Look you, I haven’t even had my coffee yet – inexplicably, I dozed off in a field of green beans last night and thusly overslept this morning.
mmmm, those lions are lookin’ tasty…
Though amusing as the early morining cuss maybe, there is actually a factual data point from fund managers surveys that gives the Cash on Sidelines percent. And it is certainly a good (contrary) gauge for where the market is headed. Anyone out there got it please? Its an institutional thang and i aint got access….
This just in… graphic goes upto Nov 08 (if anyone has got something more up to date …. )
At that point, indeed, cash levels were not at a point that indicate market bottoms.
http://home.comcast.net/~RoyAshworth/Mutual_Fund_Cash_Levels/Mutual_Fund_Cash_Levels.htm
The last credit crunch took ~10 years to thaw…hard to make large purchases without savings or credit…
Everyone knows the fundamentals right now are horrid.
Bulls think bad earnings news priced in.
Bears think they are not. Tough call.
Check out the bullish engulfing patterns listed on stockcharts on the NSYE:
http://stockcharts.com/def/servlet/SC.scan
All iETF’s:
BGZ,ERY,MYY,MZZ,PSQ,QID,SDS,SH,SIJ,SRS,SSG,TWM,TZA
uh oh, I gotta shit, watch out below!
The economy will not turn around in a big way until jobs are replaced…and not part-time Wal*Mart greeter type jobs
Cash levels are irrelevant. It is a myth. People are going to protect their capital—not throw it into a bonfire of stupidity, based upon bailouts.
Vultures have pea sized brains…
Will you stop with the charts already. They’re as bad as my Madoff jokes.
““Spring rally,” as Winter just begins. Are you out of your fucking mind?
Geez.”
LOLOLOLOL…spilled my damn coffee all over my computer screen out of sheer laughter… classic…
Any money manager that wants to keep their employ will have to be concerned with preservation of capital or they will be gone. Assets under management decline in two ways redemptions or market losses which lead to redemptions…either way if you don’t preserve capital you won’t have any of your own.
All this drama…
Look at charts, they talk and they tell the story…
tiberons (sic) have pea sized balls, so what’s your point?
Don’t forget us hundredaires who are just curled up in little fetal balls watching our ranks multiply like mogwai in a jacuzzi.
POP! POP! POP!
Charts are a lagging indicator. Chew on that.
The Fly’s constant negativity is slowly morphing him into a grumpy old bearshitter. Watch out mister, that attitude could get you kicked down a flight of stairs right quick if you the transformation is made complete!
I have punched off the mustaches of many others who have said less, “The Contractor.”
Watch it.
“The Fly” is the truth. You just can’t handle it, since you are a pathological liar.
Damn, Bush looks and sounds awful. Man he has aged a lot. He is proof that wisdom does not come with age. He is as dumb as a box of rocks. I am in no way an Obama supporter, but at least he can speak in complete sentences.
Good morning all, wow, how’s about the Titans and the Giants? Guess the playoffs were just too small to accomodate their oversize asses.
Eagles versus Cardinals… Looks like birds are the theme of the day.
http://seekingalpha.com/article/114290-exxon-s-high-valuation-is-hard-to-comprehend
Vulture,
Thank you for the (sic). My point is if you think the market is going up you brain isn’t processing your ability to eat lions…
I wonder if any of those laid off workers will cash out their 401Ks this year? Naw, they’re flush, they’ll ride it out with what they have saved. HAHAHA!!
Oh boy, Cramer just went negative on his blog, talking about how “people were too positive last week.”
This is coming from a guy who write a 100 part series, on his blog, about why he is so bullish in 2009.
I’m in bizarro land.
MDAWZ:
I could have saved that guy a lot of trouble by saying “XOM will shit the bed, shortly.”
FXP
The devil is looking interesting.
no position as yet.
Now that Cramer is cautious, we will likely rally, fyi.
okay, well then, um, at least I’m highly resistant to the botulism sure to be found amongst the fetid carcasses of other market participants, whose rotting corpses shall feed my rapacious lust for flesh.
Sold 1K DUG just now @ 24.78- bought a few days ago @ 23.58
Nice call FLy -Thanks
Cramer was right on the Dow dropping to 8000 when it was at 10000. Cramer is always right. He’s like the FLY in reverse.
SRS up 5% to start the day much to my liking. Already over a 10 point gain in less than a week. Commercial RE is fucking done. For rent signs going up everywhere around here and its juts beginning.
We’re going to revisit the Shit Hole in the Dow. Obama’s team is fucked, and they know it. No motherfucking gov’t plan can get us out of the 25+ years of Johnny Shitface, spending beyond his means. Period!
KIM and VNO getting smacked around.
I’m now up 2%, year to date—otherwise known as winning again.
Nice move on oil down ~6.5%
Fly, what is your projected exit point on EEV?
If China is imploding, why are dry bulk shipping rates ripping? Capesize day rates were up 20% on Friday alone and the BDI is up again today.
Gold getting punched in the mouth. Along with the rest of the commodities. Money flowing into dollars looking for safety as the new coming out of Europe gets worse by the day. This global flight to the dollar will keep interst rates down regardless of what the Fed tries to do. It may even cause protectionism in the Obama admin.
Fly….. just a great post!
Thanks
that is what I needed to hear.
The finance industry is blowing sunshine trying to collect deposits.
Don’t buy that crap.
genius.
Come on guys……
http://www.youtube.com/watch?v=Yop62wQH498&feature=related
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nWhmMQ