18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
I admire your resolve, but you have got to be in the house of pain. No bullshit. You are getting pounded and even the coolest trader feels it when your balls are getting roasted. I know because I have been averaging into SPY (short) since 800 and it sucks. I am not down terribly because I have had some longs to buffer me, but….it sucks.
There is no way you can be as confident as you portray. We are both in agreement that this is a government sponsored rally. Having said this, who the fuck could possibly feel confident betting against an entity that doesn’t have to play by any rules. You and I are at a huge disadvantage.
Do you REALLY think that the government would release terrible “stress test” data? Think about it. They are going to say everything is peachy in the world of finance. There is no combating that. You will lose and so will I.
The stress test is being manipulated as we speak and will be touted as not as bad as it could be, but will the big players come pouring in at this level?
I keep hearing and reading that the big money has yet to go to work.
Would you rather I blather on and on about Goldilocks and mustard seeds? Give it a month or so and I’ll be endlessly repeating some other such non-sensical catch-phrase. Hang in there.
quick question: are there any important number coming out tomorrow? I know Thursday is the (fake) stress test and Friday is the jobs numbers… .anything else?
TIA
damn..theres a whole new crop of shit-tards here today…must be the bull moves in bullshit penny stocks..like XTXI which I said to fucking buy friday at 2.06 fuck-lips…Mkt looks tricky here..not enough volume..this shit could reverse…or end shortly..retards continue to chase crap…have fun
You’ve heard of Naked News. They need to start airing Naked Stocks. Hot chicks doing stuff naked with a ticker at the bottom and no stock commentary. Their ratings would beat CNBC handily.
Fly you spoke previously how such a fucking parabolic move down is a huge shock to the market which badly disturbs it. Does the same apply in the opposite direction like we are seeing? Meaning the faster and higher we go the worse off it is?
If we close above ~893 we’ll be above the upper 2SD Bollinger band. This used to be a continuation signal according to Bollinger. We shall see how the remainder of the week unfolds.
Just in case I picked up some FAZ at 6.30. An idiot friend just called me and said he was buying stocks in his IRA now. Mind you this guy does not know the difference between a stock and a bond. He asked what I thought and I said “I think you are buying stocks in your IRA”. I turned it around and said hey I don’t know the difference between a stock and a bond so don’t ask me. I don’t do advice unless it pays handsomely. Just know when idiots buy its troublesome to me.
If we close above ~893 we’ll be above the upper 2SD Bollinger band. This used to be a continuation signal according to Bollinger. We shall see how the remainder of the week unfolds.
I thought that lazy man posted a system that shorted when the 2SD of the Bollinger Band was hit.
Did nicely as I recall but perhaps I’m imagining things.
AKA: DEVILDOG has been fully decock n balled. Its over for “The Dog”. His tail will be the only thing between his legs now.
I hate when you declare victory so early, sometimes it jinxes me.
This is the last stage of the meltup when all the bulls shout with glee in unison.
I cracked up at the title of this post…
I’ve been getting drunk and buying stocks
Down 10k and reflation by the end of the year!
Obey Your Master
http://tinyurl.com/dmn8cy
FUCKING SHIT!!! I lurve depression/recessions! The S&P 500 is down just 0.3% year-to-date.
Obv meant “Dow 10k”
What’s that 5+ points on 80k shares? A mere flesh wound for SuperDog….
DEVILDOG and j0sh1ngU put money on “right”. Now they’re fucked on a spindle.
http://www.youtube.com/watch?v=RlT05lcc5rI
all this bullshiness make me wonder .
Too funny. I’m more BEARISH than ever. BIG CRASH coming for the rest of the week.
Bears surrender means we are going down. We need bears to surrender in order for the market to top. Odd No ?
Big moves on Monday should be faded. The rest of the week tends to head in the opposite direction more often than not.
Getting long FAZ and TZA here.
charlie,
From here forth, all Death Proof links must include this:
http://www.youtube.com/watch?v=I8GxeZXG7FA&NR=1
Oddly, I feel certain Jake Gint’s affinity for dark haired girls will approve.
ghetto fabulous never surrenders !
Devil-
I admire your resolve, but you have got to be in the house of pain. No bullshit. You are getting pounded and even the coolest trader feels it when your balls are getting roasted. I know because I have been averaging into SPY (short) since 800 and it sucks. I am not down terribly because I have had some longs to buffer me, but….it sucks.
There is no way you can be as confident as you portray. We are both in agreement that this is a government sponsored rally. Having said this, who the fuck could possibly feel confident betting against an entity that doesn’t have to play by any rules. You and I are at a huge disadvantage.
Do you REALLY think that the government would release terrible “stress test” data? Think about it. They are going to say everything is peachy in the world of finance. There is no combating that. You will lose and so will I.
I hope I am wrong…
If I hear ‘green shoots’ again I’m going to scream.
R.I.P. FAZ.
The stress test is being manipulated as we speak and will be touted as not as bad as it could be, but will the big players come pouring in at this level?
I keep hearing and reading that the big money has yet to go to work.
DDog will get paid soon or we get ridiculous.
Would you rather I blather on and on about Goldilocks and mustard seeds? Give it a month or so and I’ll be endlessly repeating some other such non-sensical catch-phrase. Hang in there.
woots
quick question: are there any important number coming out tomorrow? I know Thursday is the (fake) stress test and Friday is the jobs numbers… .anything else?
TIA
Who is doubting the rally now bitch!
damn..theres a whole new crop of shit-tards here today…must be the bull moves in bullshit penny stocks..like XTXI which I said to fucking buy friday at 2.06 fuck-lips…Mkt looks tricky here..not enough volume..this shit could reverse…or end shortly..retards continue to chase crap…have fun
You’ve heard of Naked News. They need to start airing Naked Stocks. Hot chicks doing stuff naked with a ticker at the bottom and no stock commentary. Their ratings would beat CNBC handily.
FAZ at 6.97. I’d love to pick up a truckload at $2
Taking profits here on my DRYS position. 85% gain in only a few days is good for me.
There is too much momentum now, this thing cannot be stopped at this point, go long, everyone is programmed for DOW 10k and that is where we go.
carry on.
Fly you spoke previously how such a fucking parabolic move down is a huge shock to the market which badly disturbs it. Does the same apply in the opposite direction like we are seeing? Meaning the faster and higher we go the worse off it is?
The Fly says flip that stock. EDC was the winning ETF today. The DOW moved up 50% in 1954 – a recession year – recessions are good.
If we close above ~893 we’ll be above the upper 2SD Bollinger band. This used to be a continuation signal according to Bollinger. We shall see how the remainder of the week unfolds.
massive up day coming tomorrow.
FAZ @ 6.66
Hey Fly, you holding SONS through earnings tomorrow?
Just in case I picked up some FAZ at 6.30. An idiot friend just called me and said he was buying stocks in his IRA now. Mind you this guy does not know the difference between a stock and a bond. He asked what I thought and I said “I think you are buying stocks in your IRA”. I turned it around and said hey I don’t know the difference between a stock and a bond so don’t ask me. I don’t do advice unless it pays handsomely. Just know when idiots buy its troublesome to me.
If we close above ~893 we’ll be above the upper 2SD Bollinger band. This used to be a continuation signal according to Bollinger. We shall see how the remainder of the week unfolds.
I thought that lazy man posted a system that shorted when the 2SD of the Bollinger Band was hit.
Did nicely as I recall but perhaps I’m imagining things.
Here it is:
http://www.ibankcoin.com/peanut_gallery/index.php/2009/04/29/whoops-going-short-against-all-odds/
This is a freaking melt up. Back to the 70’s people.