While it’s true, the greatness that America once had is gone, like the Dodgers in Brooklyn or Khan in Mongolia. It’s also true that we are setting up for one hell of a stupid rally, barring an outright rout in GE.
The General Electric Corporation is operated by big booted ball lickers, who are more interested in selling military equipment to the idiots of Iran, than having their share price go higher.
Mostly everyone I know, “smart guys,” are betting against this rally, mainly because their balls are small and they do not want to be whipped to death by Mother Market.
I say “fuck you” to Mother Market. I take her whip and hit my trader/servant with it, while furiously eating large sandwiches of roast beef and potato latkes.
In case you were wondering, despite the irresponsible/unprofessional tone of this post, I am not out there in the market, with my hairy chest and brass knuckles, punching shorts in the trachea.
No.
Instead, “The Fly” is hiding under his desk, with a 70% cash position, dressed in camouflage, armed with a rambo knife.
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Sorry, I’m not drinking the Chinese koolaid. Rally day or two, yes. More than that, doubtful.
What happened to oil must die? XOM to 55, all that?
Fly – You make me believe in magic
http://www.youtube.com/watch?v=SmWN1H3XASI
Bought FXP
Still short.
As long as the DOW stays below 7050, I’m not covering shit.
FLY-
maybe one day we can hook up for lunch, unless your scared about having a meal with a wolf.
So far today is not the day for the next big rally. TNA is below 5day MA and volume has been getting lower all day. We need a big down on high volume before the day ends for TNA to go up any amount. The other thing 3x ETF’s are only good for day trading to get the 3x out of them. Read the 3x information.
I’m thinking GE needs to get swirled in the toilet at $6 before we can rally.
Bulls headed for the slaughterhouse.
GE getting cock-slapped in the chin. But, then again, what’s new?
FLY….watch JPM starting a spiral of their own…fuck the bears
Rally will fizzle and the bears will be dancing once again
http://www.youtube.com/watch?v=6UeCRY1wciA
there’s still liquidation in the market. every lift is met with waves of selling.
GE swirling down the sewerpipe now. What a pile of shit.
Calling today a rally is like trusting in Bernanke.
Hey Fly,
how do you expect a rally when financials are tanking and dragging the market down, not to mention GE isn’t so hot either?
WFC getting hammered worse than JPM.
Really trying to be optimistic. Would love to buy some mustard seeds. But this just doesn’t look all that healthy…
Chop zone between hourly long signals and shorter short. This time the longtime MA are between bears and their goal. No close on low says the fuckin novice
look here simpletons, we are rallying despite the logical “short America” play.
GE in a sideways tri-angle? what is the break out/down point ?
For the unwashed, myself included, I think the best scenario to get bullish is to get a washout, a real capitulation. But all we seem to get is the slow bleed. That keeps me bearish.
Fly,
You are burning up twitter, funny stuff.
Joh Harwood is a democrat boob and does nothing but suck Obama off
time for the Roubini’s to get asspunched via a multi week rally…leaving him looking like he just pulled his ass out a goat ball sandwich..
I too have knife in hand and a short leash on TNA in the other. Something is about to happen soon, which way is the question. Prepare for both with knifes and guns and fat laden crackers and peanut butter ala MREs bitch..
Omigod.. What can we do so CNBC will FIRE DENNIS KNEALE!??!
If CNBC can’t fire Dennis Kneale, give him his own show after the closing bell so i know i can never watch CNBC again after hours.
This thing is up like 25 – 30% so far this year – GRZZX – the Grizzly bear fund. However, Leuthold, the manager, says he would not buy it now except as a hedge – he says a bottom may be near but one must watch the happenings here.
This rally if you call it that is built on a pile of turds.
Get long again fools, but you better buy protective puts.
Stay out of the kitchen with your bullshit sandwich and pathetic Rambo knife. I’ll shove a glass down your throat.
i’m buying the bears an ass smoothie with my talf money
WFC and JPM are definitely the new tells while GE is being propped up.
Thunder-
ShamWow
Bear thesis while valid, is due for a readustment..its not exactly an original thought – rather crowded..so up we go.
If this rally does break down all CRE will be circling the black hole: SRS is positive even now…
GE breaking out of sideways intraday triangle. if it’s as telling as people have been saying, this might be the pivot for our rally
Don’t look now but here comes GE (maybe).
ok, who took my Pear, long MOS, short SQM & IPI ?
you’re welcome
SRS strong, like bull. I mean bear. No, two bears. Whatever.
If GE gets to 7, I may have to short that biatch.
Maybe GE “CAN” go green today.
Hey, GOLDBUGS say bye – bye to $900. Odd no?
Come on you fucking monkey shit humpers, we need more lift than this. Take one for country and the core, grab your ballsack and buy some tits and ass. Semper Fi Marine!
bull trap set, top of the day, here comes selling…
Tits N Ass, Tits N Ass! TITS N ASS!!
wow, JPM getting whacked today:
Citi out on JPM right now saying No Material Impact From A Downgrade of GE or GE Capital
* JPM shares are down 8% today in part due to market
concerns about exposure to GE. While JPM management
would not comment on its exposure to GE or GE Capital,
JPM did say that a downgrade of GE or GE Capital would
not have a material impact on JPM’s results.
I love this rally. Sucking in the fools for the next beat down. I stay 85% cash and wait to attack
Yea market ain’t making much sense. JPM the strongest bank is weakest on a potentially good rally day.
JPM the strongest bank is weakest on a potentially good rally day.
—————-
similar argument for GOOG in tech land
JPM is a shankapotomus today.
volume still falling on TNA. Doesn’t mean it won’t pop. Until I see some positive volume I won’t buy it because 3x ETF’s only give you 3x during the day. So I only day trade them. To hold them overnight kills your 3x. Read the 3x fine print.
3x etf are fine to hold overnight, as long as it ends positive each day. Only if there is a negative day in-between then you lose.
LOL at old billionaires. I was just pinged with this….
BERKSHIRE CREDIT SWAPS RISE TO RECORD LEVEL, IMPLYING `JUNK’
I do quite well holding 2x and 3x ETFs for a few days to weeks at a time. You just have to make sure you’re riding a trend in the right direction.
COGO looking good…see post in the peanut gallery
http://alphalobotrading.blogspot.com/
@Blow UP…go look at 1-month charts of FAZ and SRS. There are definitely trends there that you can ride for a week or more. I’m up nearly 50% against my basis in both of them. Probably taking profits soon.
cybtropic;
Go read the 3x fine print. If I hold a 3x for one week and day trade it for one week making the same price move I will make less money from the hold for one week. That is the reason some of the 3x ETF’s are having trouble and will cause the end of 3x trading when the sec catches on.
TNA starting to run now ….
Some DRYS/EXM/GNK may be in order if the China Stimulus Plan is for real and the commodity stocks keep rallying …
Are robots trading this market? Look at this near “perfect” alignment.
DJIA +2.99%
Nasdaq +2.99%
S&P 500 +2.98%
DJ Wilshire +2.95%
Russell +2.98%
Smells funny, don’t it?
If you are in LNN throw a stop on that biatch. I have added stops on TNA, LNN and EXC accordingly.
Burnett just asked Cramer what he thinks of BJs. It must be hard to give a straight answer to that question
I just got laid off from my stupid job at a fucking supermajor oil and gas company this morning.
Luckily I am aware of a prospect that would take about 10 million dollars to make roughly $120 million assuming $4/Mcf gas price and it has about an 80% chance of success (which is very low risk and very high reward for oil and gas wells). Direct geophysical hydrocarbon indicators, and a most likely outcome of 50 Bcf gas (possible 120+ Bcf).
Tricky part is, I don’t have 10 million bucks. If any of you would be interested in trying this out, or want to chat more about this, e-mail me at [email protected]. Your money would be the first to be paid back double, then I would share in whatever profit comes after that. Prior to it, I wouldn’t want/need a penny of it. And if you’re in, so am I. I would leverage off of everything I own and roll my pennies.
Alternatively, if you need a whip-smart employee with degrees in geology and engineering, with a decent (and expanding) understanding of finance/economics/investing, then e-mail the above address.
Mars.
Sold 2000 AXP from 11.25 @ 11.75
Holding 2500 WFC from 9.12…too many retail shorts sitting on this beach ball.
Piling into Nordstrom while shorting AXP, JPM and Wells Fargo…brilliant.
You fucking pussies couldn’t rally a little league team. Look at GE still deep in the red. Man up whores.
@go2mars, very sorry to hear about your job. I’ve learned a lot from reading your comments here, and wish you the best of luck. I wish I had $10m. But I’d chip in $10 from my ERY profits.
go2Mars- Sorry to hear about the layoff.
Your industry is so cyclical
My Brother In Law got laid off in the ’90s downturn from Getty in Wyoming as a petroleum engineer.
He landed upright as I am sure you will.
Mars,
Hang in there. You will definitely be back in employment; I hope and pray that it doesn’t take too long.
My condolences Mars.
Could I humbly (as I have no $ millions) suggest a different email address for potential investors?