With all of its splendor and pizazz, the great bear market of 2009 has returned, and it is mad as hell. Just know, if you are long equities, you are in grave danger of losing your eyes to knife wielding clowns.
Truth be told, as unbelievable as it may seem, I am still not up and running. I have partial liquidity, with limited buying power. So, until I am able to kick old men down idle sewer drains again, my trading behavior will remain pedestrian. I repeat, my trading behavior will remain pedestrian.
So you know, I am making nice coin in SRS, FAZ and SCO today. Frankly, the market can start swan diving from here, if the bears are up to the task. Take a look at the insurance firms, LNC ans PFG. If that does not scare you, nothing will.
As for the banks:
They are all lying their stupid faces off. How the fuck are they, suddenly and magically, making money? Can you say AIG funnel fraud? If so, say it 10 times fast, then backwards.
Right here, right now, I like HME and RIG short. Moreover, I like TLT and SCO long.
Oil is fucked right alongside all of the asinine banks and erroneously managed commercial real estate jokers. This decline will tombstone Jim Cramer’s dickfaces career as a television stock cheerleader.
Jon Stewart will fucking crucify him.
SHAME ON THE HOUSE OF CRAMER UPDATE: Former TSCM columnist, Lenny Dykstra, is a fucking fraud. How many times did Jim suck his dick?
UPDATE: Jim Rogers on the UK.
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http://www.youtube.com/watch?v=Ob_oD1IsYbE
I agree about TLT, but I think the dollar fades and oil rallies from here. Also I think the market will close above 790, and this puny 3% down day will soon be forgotten.
Fuck Cramer
SFLY looks great.
carry on.
Am I the only one who is pissed about today’s rally? Not because I was an idiot and was long, but because I scaled out until I was 100% cash and have been waiting for the irrational huge push higher where you short everything in sight?!
I’ve been holding out, waiting for the rest of the world to jump on the bandwagon and force this thing to 850-900, and now the slide down is already in full force…damnit!
And by the way, I use the word “rally” because when you’re aiming short, this is a rally…they just don’t like to use it in both directions.
Cramer is nothing more than a carnival clown…if seen in public please throw big mac’s at his head…while berating him Dennis Miller style…fucking jerkoff lying lawyer fuck bitch
Wow – Small earthquake here.
I’m applying for a bailout immediately.
Jim Cramer is an entertainer. He bases that entertainment on stock advice and his opinion about the stock market. I think it’s funny how much of a hoopla you guys throw for him… it lends to his reputation as a worthy foe, instead of another talking head to ignore.
Hammy, who is Jim Cramer?
duarf lennuf
Sold FAS lost $7.00 it was worth the risk but now all I can say is this is Na Shitskey ! Oh well more money on the down low after all thats gay.
When you selling FAZ Fly? You holding this overnight again?
Lowly question from “Some Dude”
DTO move over the last 2 days is crazy eddie absurd.
fly will probably hold srs and faz until the close wednesday, prior to the mark-to-market announcement coming thursday.
pricerunner..your post is the most stupid thing i have read today…please shut up idiot.
SFLY
Come on just look at it!!! It’s going to run today!!
@ 2 expect it to run
These fucking pumpers on CNBC are disgusting. It’s just profit taking, we are in the biggest bull market of all time they say. Fucking amazing.
Who is the old retard on CNBC who just called this landslide merely “profit-taking”?
CNBC will rot your brain from the outside in.
beware.
Low volume degeneratery.
Sham -POW!
F@#K’n GM Ceo getting 20 mil retirement package…
unreal.
Looks like you had a 4.3, Anton.
http://earthquake.usgs.gov/eqcenter/dyfi/
Look be short as much as you want. I will buy this dip. FUCK THIS. I will buy the dip on X, WFR, MOS when its time.
The world isnt coming to a fucking end. The world is moving fucking forward. Just a few days ago FLY you said people were going to restaurants again. You were even bullish.
Unless you think all fucking companies are going to declare bankruptcy then BUY BUY BUY this selloff.
Jeez im frustrated with this bullshit of buying then getting your head ut off by 14% over the weekened by being short or long.
Funny, it didn’t feel a bit over 4.2.
Pete,
I’m frustrated with you pushing your opinion in these comments. If I wanted to read “YOUR TAKE” on the market I’d go to your blog. But you don’t have one because no one including myself gives a shit about your opinion.
That is all,
“Some Dude”
Some Dude I apologize sir.
Fly,
I just checked and fraudulent douchebag Lenny Dykstra is STILL a columnist for TSCM. His 3/26/09 post, “Averaging Down is Key,” is typical.
So, technically, the sucking is ongoing.
my take on support @ 784:
http://farm4.static.flickr.com/3473/3398695457_3e0bbcbfc2_o.png
Pete
Stand your ground. Don’t go Cramer on Stewart and grovel
308: While he did not do shit to fix GMNA he did turn around GM-LAAM, APAC, GME. Does he deserve 20 mil? Hell probably just for having to listen to those fuck faces in Congress and Obama. That’s a job in itself.
Anton Cigur Says:
Funny, it didn’t feel a bit over 4.2.
Good sign that you need to wash your socks.
Anton
Dykstra is a drooler. No really.
The Fly speaks to his broker.
http://www.youtube.com/watch?v=zBjL14jtYaI&NR=1
As far as I know, Lenny Dykstra is a current TSCM columnist, not “former”. Unless I missed his firing or something.
Oops, Anton already picked that up.
Socks are for sissies.
This fuck on CNBC is an idiot. Your telling me that when the banks did worse on their trading books in March that it had nothing to do about anything? Now I don’t know if their books carry a beta but good god how did they not make more money in March unless it was due to an abnormality or outside influence that changed MoM. Fucking retard.
My mistake, Anton. No offense intended.
I simply wasn’t aware that bootmakers offered their wares in white cotton. http://a330.g.akamai.net/7/330/2540/20080720202809/www.variety.com/graphics/photos/_storypics/lede_NoCountry.jpg
Man, this fucking funnel is crowded. Can a guy get a little breathing room?
i think mr. lewis was being less than forthcoming in that little erin burnett interview.
Ott, you will recall that after my… “conversation” with the gentlemen in the motel I removed my fashion-forward white gym socks.
My feet now roll “commando.”
new post.
well, that Dykstra link shows he was a total fraud. Cant believe he was put on the air with Cramer… At least Cramer has credentials…
I am loving my FAS puts…
Chigurh
Hello Carson. Let’s go to your room.
HOTEL ROOM
Chigurh sits into a chair drawn up to face the armchair Carson Wells
sits.
Wells
We don’t have to do this. I’m a day-
trader. I could just go home.
Why do they always say, “You don’t have to do this?”
======
Ott – Did you drink the kool-aid and sign up for the PPT? I haven’t done much with it yet, but it seems worthwhile. A good screening tool plus a little extra stuff from the tabbed bloggers.
No PPT for me, because:
1) I have a day job, nothing to do with stocks, etc.
and
2) From what I can see from the outside, PPT changes rapidly as the market and other data changes. That’s good if you can monitor it frequently, not so good if you can only take peeks now and then.
and
3) I don’t really like trading. Look how Carson Wells ended up. I prefer fundamentals and covered calls. Unfortunately, this effed economy and lunatic market have driven me to diETFs and short-term positions.
and
4) I’ve cleared the 47 1/2-yr bar. PPT is for fuzzy-cheeked lads who listen to ball games on blue radios. I stick with the old-fangled iPod and podcast novels.
Jon Stewart needs to come down on Dykstra like a ton of bricks, thereby coming down on Cramer … again.
Listen, the 1-5% of humans who are stone psychopaths, CANNOT help it. It’s the fault of Duuuuurrrmericans who ALLOW idiots like Dykstra to keep going with their in-your-face blatant insanity month after month. Mark-to-market this f—er and he’d be living in a fridge box in a wet grassy ditch in 10 minutes. That’s right, I’m using “mark-to-market” as a VERB.
The longer Cramer waits on dumping Lenny “tell me about the rabbits, George” Dykstra, the more hilarious the outcome.
1) “I have a day job, nothing to do with stocks…”
Bragger.
2) “PPT changes rapidly…”
Kinda, but the screens & info don’t necessarily render highly perishable trading advice. Fly just began posting asset allocation info for investment accounts, not just ADD afflicted traders.
3) Carson Wells got where he got by smoking copious amounts of ganja and becoming “fuzzy-headed.”
4) At 47 1/2+, Alphadawg hits the ball with greater power and consistency — and has a more strenuous workout schedule — than most on the site. Without the use of steroids, I might add.
Just a few things to consider.
Oh, and I get 15% off the top of every new PPT subscription I bring in.
“15% off the top”
Words that must be very familiar to your hairstylist.
15% of 40 bucks? you gonna make it!
You need to get out of FAZ
Tuesday the market will be starting to move up again so get into FAS in antisipation of the M2M announcements.
Damn! When are people going to realize that the only reality about this market is the market? All this buy the rumor sell the news crap I read makes me sick. It’s as if some don’t think the market would have a pulse if not for fucking news stations. For some of you that think this way, ask yourself this: Would it fucking matter if I didn’t “buy” into it? Maybe when the institutions who have most of the control “buy” into it, you will make some sense. Read a fucking newspaper and quit trying to make trades in hope of non-newsworthy events. Pick up the fucking phone and call the government and our banking system to let them know they are delinquent to the tax payers! They would certainly let you know about it and make sure you paid more than once for any error you fucking make. Like Ratigan said, Enron was a mere appetizer compared to the shit that is gonna take America to hell in a handbasket. Enough said…..I am shorting this fucker to 0!!!!