Instead of shorting the market, during epic melt ups, might I suggest diving head first into a human sized birthday cake?
More thorough market analysis, like this, later.
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Joined Nov 10, 2007
23,458 Blog Posts
Fly,
So you can dish it out but you can’t take it?
Fuck you fly! Changing the subject!
Although I love cake!
Now I’m hungry.
Later.
What subject?
I jsut wanted ot take the headline off
John the Trader
I will let you know, I ban hundreds of people on ibankcoin, w/o even looking. Sometime it’s just random, FUCK THAT GUY, he’s dead type of shit.
As far as you are concerned, you are not well suited for this site, after careful consideration. I am saving both of us time, by forcing you to fuck off.
How do I know?
Well, I’ve cultivated a very successful website, not by error. Part of the problem with fuckers like you, is that you take over message boards with bitter barbs and inane, non profit making, commentary.
As site owner, it is my responsibility to tell you to fuck off, since you are nothing more, or less, than a cancer.
“The Fly” is the #1 oncologist of the internet, I’ll have you know.
Oh the subject of whatever you were gonna say to me.
Henry
Not important.
Fly,
yup, that’s what I expected. I wasn’t being bitter, I was pointing out that your hot picks are not so hot while trying to match your witty repartee. Its obvious though that you can not take it when people point out that you are not the hot shit you claim to be.
I posted 3 times before I got banned. I would hardly say that’s taking over the boards.
I think pointing out that you don’t always win will save some of the suckers that follow you money.
Fly
Did you like the Oprah pic?
Fly,
“take over message boards with bitter barbs and inane, non profit making, commentary.”
Not sure why but you making the above statement had me rolling on the floor laughing my ass off.
Please don’t ban me. I might even subscribe to the PPT just so I can F with you in there too.
God, I love this site!!!
Trade John
Those three picks are my losers. Who cares? I was pointing to 7% losers turning green.
You don’t know my style, nor my pedigree. I am better than anyone you have every known, read about or heard about. If you doubt me: GOOD. More tinder for my time machine.
BTW
iBC policy dictates:
If you get banned and wish it repealed, all you have to do is email us with an apology. We will tell you “sin no more” and ban is lifted.
Babies.
Getting back to far more interesting things like ..er trading.
To me it really is looking like a melt up in asset prices induced by the enormous liquidity around the world. As I keep saying, some fantastic markers for global liquidity are the Aussie Dollar, Aussie/Yen and Euro/Yen. Aussie is now at 80 cents, which to be honest is an extraordinary level to have reached at this point in the economic cycle. Normally at this point in time in a recession the Aussie Dollar would be flat on its back getting ape raped, yet its higher, much higher than even the more optimistic would have believed.
Bears seem to me to be making the fundamental mistake of not looking at the wall of money and the effect it can have.
This rally of course is not based on anything healthy, as the crash will eventually come however the difficulty is trying to put any top on this.
I was talking to a friend who trades credit markets in London just last night and we were talking about these things.
He asked me what I thought were the odds that we would see, say 3 to 4% GDP growth in the US next year. I replied that the odds of that happening were about 5%. He agreed with that. However he added that if a low probability event like that was to occur and we had the wall of money floating around the global markets we could actually see new highs in stocks and risk assets. He suggested that the S&P could double if that were to happen, fueled by the ample liquidity.
Here’s the thing: we all know the Fed is more than willing to lower raters by 100 basis points at a time when things get serious on the downside. However how many of you would expect the Fed to do the same on the upside? I don’t. All I would expect of the Fed is to raise rates by 25 basis points when they actually need to go 100. So the liquidity pump is more than skewed symmetrically toward inflation.
I’m not suggesting that is likely to happen but for those who are bearish it is worth considering the bet may not be as skewed to the downside as we move through time away from the economic climate we have grown used to.
Good stuff, j – a spanner out there, though, in Paul Volker. He is apparently immortal. I have a feeling he will still be in DC even after Timmy and the Beard are gone. As long as he is still welcome around Obama, the potential for a 100bp day exists.
On currency, I had a friend in LA call to say “i just heard the C$ hit 89.”
Dude, I said – that was yesterday!
Today it hit 91…
And two more paper mills closed in BC.
j,
Very good points on the liquidity boom! I know what I’ll be pondering over the weekend!
Thanks!
Well….”Paper Mills” are bound to close as “News Papers” are rapidly becoming non existent as well.
Supply and Demand
I’m sure when the “age of the Automobile” began to take hold “Horse shoe Mfg”s” went tits up too.
Nope, the Illusion will continue, the markets will climb.
“We are going to do whatever it takes”<—remember those words and forget ‘reality’, because “Up”-means Highest of highs and ‘down’ is sideways
The word ‘Bankrupt’ will have no more meaning than “re-tooling” or “re-organization”, In short?
It’s all good
“O” told me so
Monday will be a scramble with GM news and a slight panic of “who’s next?” enters sheeples minds
Not to worry though as GM will continue building vehicles they deem ‘money makers’ as scheduled, without stoppage (suppliers and Transportation have received written assurances)
Business as usual
News minions will be double timing the “change is good” message and everything is better, stronger, faster, definitely signs the recession is over.
By Wednesday the U.S. dollar will start clawing its way back up slowly but surely….300 pips before first ‘plateau’
No, I’m not drunk
Just my opinion
I miss the karma points.
I’ll be back
Fly, thank you for taking the time to educate those who so desperately need it through your site. I feel not enough people tell you that even though it is much deserved. This may very well be the greatest literary accomplishment of the Second Great Depression. You should write an autobiography one day, even though these fucks hardly deserve it.
By the way, the banning of Josh1nfuckface was hilarious.
things are never as they appear. its all about the cashflo and deception. the cocksuckers will continue to manage things 180 out from rationale, but hey that’s the trick…..good thing vnda has been good and the DHA company. i was getting ready to get long – because there is little fundamental reason to be long – so now that means i fight the real world and go short in about 7 days – option week and NK blowing the hell out of SK (and not in a good way like your college girlfriend) things might get bumpy and schiff might be 1/2 right. that’s the ramble, hell who cares, did the cubs win ?? Go Matt Hill NCAA Golf Champion !!!!
Friday night… might I suggest you delve into more important matters??
_________________
FLY,
obviously you’re still bullish and I must say your performance has been quite impressive since the inception of this rally. Although your investing style appears less aggressive, requiring some patience for the stock picks to bear fruit, most of your picks have been money.
Interestingly enough some of your fellow IBC’ers like Alpha and Danny appear to have a bearish slant in contrast to your outlook. Since you have your own proprietary time machine (a la PPT), what does it say about how high the DOW/S&P 500 will most likely get up to? and within what time frame? You don’t think there is a sizeable pullback any time soon before we march up to Dow 9000+/S&P 500 950? And you’re not considering this a potential bull market are you?
As for what john the trader says about “suckers” not winning as a result of following your picks, I beg to differ… I regret not having followed you off the bat since March 10 when the rally began (except that time you briefly got into FAZ/SRS)… what’s her face “Lady Gueneviere” should’ve paid more attention to your performance rather than being scared off by the language on this blog–she may have actually made some money
j- that was really well put
henry– keep posting your picks. my family thanks you.
john the trader-write the apology and come on here and share research on the market and work with the rest of us who are trying to get better at making money in this insane market. Let that other stuff go. I’ve been called worse things by Fly and I can honestly
say it doesn’t say it doesn’t phase me. I am learning to listen to what he is saying
about how to do research, how to out think the big guys, how different sectors interconnect and effect each other, how to track the beginning and end of a “food chain”
in stocks following various news reports like the swine flu– basically how to find winning stocks and strategies even when eveything looks bad. Until I found this site and then the PPT I spent endless hours fixating on the corruption of the banks, the govt., the end of the world, etc etc etc. It was making me sick and it made me lose money. OK- I’ll tell you the truth John. I even ordered a bunch of dehydrated food for
when the world ends. As if my husband would even eat that stuff in a million years.
Life is better laughing at myself and becoming OK with what an idiot I really am.
We’re all idiots. But you are not a cancer. Fly is not an oncologist. I am not a good cook.
Fly- I’ll take that cake now if there is any left
g’nite all
some weekend reading for the technical guys, or just the bored, who may not otherwise have access to some of the stuff out there..
Mtech Page
thx 308!
Hey Fly,
Keep up the great work!!
Once you read between the purchased headlines and understand that the US economy needs to be destroyed in an organized and controlled fashion, in order to help build the new, centralized world financial system, you realize the best way to do this is through slow-building inflation.
Stocks will continue to move up due to inflation, and Americans will be lulled into another bubble-fantasy that will slaughter their retirement savings accounts once the dollar finally collapses. Expect well-coordinated headlines and market moves that seek to win the trust of the masses.
We’re culturally ready to accept Marxism under our accepted Oligarchy made up of international financiers, as long as our pudgy white skin continues to be lotioned and scented in the morning. Trading freedom for comfort never lasts. It always ends up turning ugly.
Wealth will be built and destroyed and the solutions will already be created to pick up the pieces when it happens.
Taco,
Look. I had a burrito and a tostada for dinner and I’m not even Mexican. I had a very beautiful woman fry up some ground beef and thrown some taco seasoning on it. She chopped some tomatos, cheese, onions, lettuce, and cilantro. The majority of the kids liked it except for one dissenter.
In this New World Order I expect Sunday evening to be burger night. If my expectations aren’t met, there are going to be serious consequences. I expect the meat to be cooked dead to the edge of blackness. There will be nothing alive in the burger. If these expectations are not met, I will remove freedoms. Plain and simple.
I intend on waking the entire family at 5:30 AM this morning. They had their freedoms last night goofing off and playing with friends, but this morning I am seizing control of all activities in a simple display of absolute power. Each member of the home will be assigned a specific task to help prepare for a pancake breakfast made from a box of bisquick or whatever it’s called. If there are any complaints, I will tower over them and suggest they not upset me this morning. Once breakfast is complete, we will have a family meeting. I am going to explain that some of them had priviledges removed last week for various infractions against house rules. I am very annoyed right now that their school uniforms have become tattered in some cases. This does not meet the standard. If they are going to represent me, it’s going to be done properly. They will then get themselves dressed and ready to go to the grocery store to help load up goods for the home and bring it all back and put it away properly. After that, they will be given the opportunity to clean their rooms. If they get it done in one hour, all freedoms that had been removed last week for breaking house rules will be given back and they can go to the pool and have fun.
In this New World Order, I expect nothing less than “order in a world of chaos”.
LOL @ Taco.
Dude, the whole NWO meme is done for.
Even Alex Jones knows he can’t make money on it so he’s releasing his movies for free on the ‘net.
You should be careful or your ideology is going to get in the way of trading.
Just saying…
Cuervos Laugh,
Every contribution to human progress on record has been made by some individual who differed sharply from the general, and was thus, almost ipso facto, superior to the general. Perhaps the palpably insane must be excepted here, but I can think of no others. Such exceptional individuals should be permitted, it sees to me, to enjoy every advantage that goes with their superiority, even when enjoying it deprives the general. They alone are of any significance to history. The rest are as negligible as the race of cockroaches, who have gone unchanged for a million years.
– H. L. Mencken
The inferior man’s reasons for hating knowledge are not hard to discern. He hates it because it is complex – because it puts an unbearable burden upon his meager capacity for taking in ideas. Thus his search is always for short cuts. Their aim is to make the unintelligible simple, and even obvious.
– H. L. Mencken
“People claim they need proof in order to believe something. That’s perfectly understandable. However, what they really mean is that they need proof only when it comes to believing specific information. Whereas, they don’t need proof in order to believe an authority figure (mass corporate media). This is the ultimate case of selective reasoning.”
– Unknown
j-
Wheres “The Money” ? In the Banks- sink hole…Autos…Cally…NYC…Health….bailouts. Tarp running out.
Isn’t the name of the game trying to value equities based on a long term payout. America is dead cat bouncing right now enjoying Obama’s inaugural strut. Once he breaks it he gonna own it. Why did you color up last week? Because shit is broken. I thought Chivas was of full shit when he went long GE a couple of months ago. I don’t think he is full of shit now.
Question about ratings of the PPT. I see that the different bloggers will say what stock they are buying, but in parentheses the PPT rating. Maybe (PPT Rec:Sell)
What are they looking at, that is over riding the rating. Does this make the rating invalid. If so, why have the
rating?