All of you fried rice loving meatloaf throwers are not only wrong when it comes to reflation and growth in Asia; you’re exactly wrong.
See, good Sir, the money that is being created or printed is being thrown into a deflationary vortex, mind you. The destruction of capital, worldwide, far outweighs the bullshit trillion dollar stimulus package.
And, I hear many of you discuss the virtues of Chinese banking institutions. As a point in fact, you praise the Asian lenders for being smart and not having fucked up balance sheets. Well, I have news for you again, good Sir, Asian banks, particularly Chinese ones, are fucked on a spindle.
The decline in property values is rapidly accelerating in Asia, indeed. Furthermore, the nonsense capital ratios you read of, regarding Chinese banks, is all fiction. Wait until the Western dollars file out of China, then tell me how self sustainable their bullshit economy is, with their low standards of living, coupled with industry after industry being sustained by government incentives aka life support.
To bet against Asia and their currencies, I like EEV.
Look, I’m not here to throw acid in your face. “The Fly” is all about sharing the wealth of ideas, while kicking old men (47.5 and older) down shockingly big storm drains.
Hell, I make lots of mistakes. Just this morning, after giving a big huffy puffy chested lecture about “staying on the sidelines,” I went out, like an imbecile, and bought PFG a buck higher than where it is now. I deserve the loss and more.
It’s hard sitting on 90% cash. You have to be a special type of animal to just box watch and do nothing. If the weather was warmer, I could go swimming or go for a jog. But, NYC weather is like a fucking Siberian wasteland in the winter. I’m trapped and have no choice but to invest.
As for the markets:
I warned you about “Getting in the Funnel.” Some of you heeded my dire warnings, while most of you laughed, did a few lines of low grade blow, then bought USB on Guy Adami’s rec. Now, I am warning you about entering “The Deflationary Vortex.” You can do so at your own volition. However, just know, “The Fly” is never wrong for a period longer than 3 weeks. Furthermore, the dollar will punch your lights out, should you choose to sell it short.
Finally, I want to sell short all oil stocks, going into earnings. To do this, I have opted to short cut it by staying long DUG and ERY. However, at the moment, all of my positions are light.
I still have a 90% cash position, so you know.
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Fly is a Zombie
I have been sitting in 95% + cash for a couple weeks. This market is even harder to figure out now…
GWAR IS THE DEVIL.
I’d really love to see XOM at 78, but it might not make it that high. The XOM short is probably the most high probability short in the market today. That XOM will print 65 in the next 2 weeks is a certainty.
salutations to fly, a humble man, to boot.
The flat stomach ads are insidious.
Better to have 3 legged gay romanian goat herder ads in my fucking opinion.
ps: Blow me
I agreey with Rodney, when does that contract expire? hopefully there is some contango in the internet advertising markets as well…
No way out of this funnel until they just start printing money and buying everything. Looks like the UK is going to do exactly that.
The flat stomach ad is actually an analogy of JPM.
Before: Lot’s of fat.
After: Skiny as a Romanian goat.
who wants to short HK with me????
FLOYD!
Phil from Brazil…if you are so sure on XOM…you should short the shit out of it. I say you do not have the nuggets to do it.
SWHC- in for 6000 more @ 2.32- 2.35
Fly, are you still longterm bullish on TBT?
Banking ON BANCORP? US Bancorp [USB 13.15 -2.19 (-14.28%) ] will report earnings before the bell Wednesday. The company is expected to post a profit of 22 cents, a 59% drop from last year
I’m hoping to see a relief rally in this stock, says Guy Adami.
___________________
this was on Fast Money just yesterday………what a fucking asshat “Adami the Asshat” t-shirts for everyone…..
Big-ass rally, Fried-day.
from what levels, yet to be determined.
Couldn’t resist. Added another 500 shares to my XOM at 76.80. If we tap 78, another 500 and then I’m done adding. 2500 shares total. This is by far my highest conviction trade. I will cover half at 65 and the rest at 60. This is goose is cooked. Can’t wait til earnings.
Banks starting to run. JPM WFC BAC C at highs. Hmmmmmmm
I have discovered that CNBC is much more pleasing to watch if you mute the sound and overdub with the sound track of Monty Python’s “the life of brian”….it works at any time of the day.
Euro to 95 within two weeks. Euro chaos is worse than ours IMO.
The higher dollar will keep killing commodities.
Chips throw chunks today.
Awesome post, except… you will be wrong on the USD in ’09 for all but the first 3 weeks of this year.
LO short
As I said before, the parasitic relationship between America and China is like we’re their parents and the giddy little Chinese fuckers are sitting two inches from the television, legs crossed, on a warm smoggy day in Beijing. They’re about to save the princess, dog, zombie, rat, or whatever the fuck animal the New Year is in the name of, and just as their sweaty industry-hardened fingers are going to tap the last button to win we, America, rip the fucking plug out of the outlet. Get the fuck out of here. Then we throw the video game machine in the dishwasher. Heavy rinse. Enjoy.
Ask not what the Euro can do for you, ask what you can do to implode the Euro.
Damn good question on Japan
UYG outperforming FAS today. Odd, no?
As crazy as it sounds, Donny just bought 10k shares of FAS @ 8.21 to 8.23.
Well, one good positive note….if Morgan Stanley goes belly up they can always revert back to their other line of work…..making shop tools.
Donny
Karen Tso is still naked on the back of my horse.
Fuck FAS, that shit is broke.
Buy JPM and BAC. I will sell BAC soon. perhaps 6.5, 7..
regards
chuck
WOW! The Donster steps forward with FAS – what about ERY, Donster?
Following UK’s example, the U.S. will lose its AAA-Rating this year, while core Eurozone countries with 10%+ savings rates (Germany & France) will not.
Donny thinks FAS is a double at these prices, and it ain’t gonna take a lot of momentum or time to accomplish it.
Donny thinks he pockets 80 grand by the end of next week.
However, Donny is not stupid like some of the other FuckFaces in this venue. He has place a stop order to protect his $80,000 flip.
put in some ERX for a day-trade “just for fun”
The reason the Fed’s stimulus package did not work is because they overlooked inserting the best stimulus element…….foreplay……..
“I warned you about ‘Getting in the Funnel.’ Some of you heeded my dire warnings, while most of you laughed, did a few lines of low grade blow, then bought USB on Guy Adami’s rec.”
That’s a 10.
At what price does Donny get blown out of FAS?
Watching this tax-cheating soon-to-be Treasury Secretary squirm during this confirmation is more fun than a bucket full of teets.
COF weak going into earnings, much to my liking since I hold a nice short position. Don’t let this rally fool the best place to be is in the funnel
Donny says he will not suffer a loss of more than 12k dollars, therefore a stop has been placed at $7.
Note to Anonymous: Don’t know much about ERY, but I think after looking at the chart, there are better options.
Thank you.
COF down as financials rally..earnings will be the shits…good call by the Fly
Disney land kid….remove yourself from the box room…..bot EEV today….
When did Fly call COF? I have been short that bitch since early December and made it known. Fly may have said something recently, but you can thank me VIZ
T MOE..ive been short that POS for a while and refuse to cover yet…single digits…think fly mentioned a few days ago on one of his posts..lets hope they shit the bed on earnings
I’m with you VIZ
Donny,
How bout 7.5 as a stop…yesterdays low?
I’m just saying…
You sure buy a lot of inverse ETF’s for someone who hates them so much.
sold MEE @ daytrade target of $14, easy pickings. Afternoon outlook, it pulls back to $13.70, I buy it again, it sells at $14.50 before end of day. The world, in particular USA, needs it’s energy jones catered to. Hate oil if you want to, and laugh at spicy solar burritos/fart-powered wind machines at your leisure. That leaves nuke and hydro (yawn), and coal. Buy coal with impunity and take profits.
If someone had the gumption to buy all 30 stocks Fly rec’d under the
“Get Ready to Buy Fortress Stocks” post, they’d be up ~ 42% as of a few minutes ago.
suh-weet
other sniper6 long buys, UYG @ $2.90 and MTW @ $6.50; these adding to existing positions.
WTF with the flab ads?
There are TWO of them now!
And the same ad!
____________
That is gross… this broad’s got to go.
Word is CAP keeps clicking on them, encouraging their display.
COF was mentioned in a Fly list of fins. I covered my CRE shorts but held COF for tonight, when it drinks a shit milkshake.
That’s a milkshake, made with shit.
Not good – not like Yes We Can juice, or Hope soda.
Or even a Geithner Surprise.
The tab bloggers have blammed the fat lady ads on me….because I have “l__y in my nick and G_______e as a name
PLEEEZZZZ what baloney!
There are 10 times more male names, masculine type names, gender-neutral names in the posts every day than just one female name. Why arent there ads on ‘devil, dog, guns,football, stocks,viagra, and male related ads? where are these ads?
It is some other reason that ad keeps running… one name out of dozens and dozens of opposite names is not enough to make that ad run constantly every minute of the day.
.
I don’t see any Jake, must be your cookies…
It’s all the refs to hynea clit you sick bastards.
Or maybe to flaps.
Hyena.
It would be much cooler, having gun and beer ads, and chewing tobacco, and hot sauce. Good call.
And, added 200 CX at $8.40
Even if COF’s earnings are in line, I don’t see their guidance being that good, not in this environment of increasing defaults and bankruptcies. Hopefully I am right
Buy SWHC here @ 2.30 make 20-40% on your money in a few days or weeks.
c/o Henry Fool
… and dont forget ads for Flomax- for those who have to go alot. Real man type ads.
If USA loses its AAA rating, is it game over? TBT to a 1000?
XOM is a beast.
Fly, here is a suggestion for the next software update on the blog…it would be really cool if there was some sort of picture upload box to click and upload pictures that one could click the “photo” icon and upload a picture, then if anyone wanted to see the picture they can, as they read that particular blog box, click on the photo icon and see it in a new window…..or something similar.
This would be internal and eliminate the need for one to post an external picture thru photobucket or another website.
Fly do you still hold ERY bought today at 41.7? I think was somewhere at those levels but i may be mistaken. Currently trades at 37.85 – quick 4 bucks down. Do you intend to hold it?
unloading some ERX, loading up on some FAS… “just for fun”
time for fly to make a new post claiming he went long two hours ago because the ppt told him so.
Early lead for Asshat of the year 2009 —
http://finance.yahoo.com/news/Nations-Banks-Are-cnbc-14116000.html
Sheila Bair!
captain obvious Says:
time for fly to make a new post claiming he went long two hours ago because the ppt told him so.
————-
good one, ha-ha-ha-ha
@obvious – I would guess he would take down another partial position, maybe 5k maybe 10k.
Sheila Bair has obviously been paid off, she is the bafoon in the room and could care less about any consequences for what may come…..she’s a “take the money and run” mouth piece for the Feds-fuck-ups.