All day long, you little fuckers are asking stupid questions, like “shouldn’t we pull back from here”? Or, my favorite: “the market has to pull back, doesn’t it”?
Quit asking leading questions— you sniveling trollops. I am sick and tired of the sub-premium commentary, coming from the coked out anchors on that God forsaken channel. If only there was a viable alternative, I’d throw money at it, in order to unseat and undermine the low-iq’ers on channel 15.
Into the bell, I sold out of the balance of my Huntington Bancshares Incorporated [[HBAN]] positions, since I am sick and tired of waiting for the bastard to run. And, I bought another 20,000 Tesoro Corporation [[TSO]] , around $13.16—with the sincere hopes, deep in my heart, that some maniacal hurricane will make its way to “oil rig alley,” effectively “fucking up” U.S. crude and natural gas production BEYOND REPAIR.
With that in mind, I bid you farewell.
NOTE: I will post my positions tonight, an update of sorts.
Watch for a significant drop in initial jobless claims tomorrow morning. Closed out of SRS before the bell, as I think we’re going to start off higher tomorrow.
CNBC will likely still get their correction, but not until Friday at the earliest.
fucking A right, fly. these fucksticks are dumber than a fucking box of donuts.
don’t insult donuts.
indeud.
That’s not very nice Mr. Fly
People should NOT watch CNBC. I am surprised to see that “The Fly” does. CNBC is for piker retail losers. Trust me, turn off CNBC and make money.
Well MN you know what they say about people !!!!! Tell me what tv programs you are watching and I’ll tell you what your IQ is !!!,
have a sandwich The FLY !!
ah — day before opex fuckery.
I was long SDS and sold it premarket on the gap up — thinking the same thing — sheer fuckery is coming.
Sure enough… one of the finest fuckery days of 2009. A true classic. Hasn’t been a day like that since March (when the market was so cheap).
What a craptastic day. I give credit to CA for playing all that crap. It was fun watching the slower folks mumble about RTK later on as it closed in the red. Amazing how so many new traders play the most volatile names and eschew value for ‘excitement’ — it’s like they want to give money away to the faster traders.
I had quite a shitstain of a day and I was 50% long. HUM sucked donkeys. So I don’t know shit about the short term. But I think Fly’s point is clear — neither do any of you horse fuckers. Off to go throw trash on my neighbor’s lawn. Fuck him and his stupid dogs.
Thank you! i thought i was the only one who noticed how screwed up tv-journalism got on that show.
HBAN is almost there, I’m watching it closely. Long some ERES at $6.29 all the way to $7.50
Almost where?
Here’s what I’ve found happens when I stop listening to Bloomberg and switch over to CNBC (sirius radio)
Bloomberg provides so many points of view, I find myself ‘second guessing’ just about everything and soon I’m scrutinizing voice patterns to hear any fluctuation of “expert” guests Visionary Market predictions…*place eye roll here*
Listening to CNBC…allows me time to reflect back upon Information accumulated from Bloomberg as assorted CNBC ignoramouses fumble thier way through a simple Station Identification moment and still manage to only spurt out…”Uhhhh..Hell…O…uhhh”
I use CNBC as a Welcome Distraction,
I’m able to think more clearly while surrounded by babbling idiots.
Probably a similar explanation as to why “The Fly” has a comments section…..
HA HA
Beat you to it !!
CNBS has stooped so low, that the hot Aussie babe to told one of the Fast Money anchors she would: “Happily take you down under.”
http://tinyurl.com/lobdo6
Seriously Fly, are we up or down from here, and will you hold that position for more than 12 hours?
You are our leader.
It\’s Fly\’s egomaniacal chest pounding after flip-flopping that forms the basis for my clearest thinking.
Fly, will you please call that MarketSci douche out:
This fucking moron is running a day trading strategy that invests in very illiquid mutual funds and he has been doing it with a small asset base. He implies that he is some sort of guru money manager, but he could NEVER replicate his returns with any real coin (we’re talking $10MM+). Meanwhile, he has the gall to lecture others about it. I called him and his strategies out, but he doesn’t post my shit because it nails him for being a fraud and an idiot.
He talks about integrity, but he changed his returns on his YK strategy last year after it blew up in his face. Had he been running real money he would be in jail by now and thrown out of the business. The strategy fell like 75% in two months. His redemptions would have put him out of business if he were running real money.
I posted this to his site, but the coward won’t post my comments because would damage the scam he is running over there:
Michael,
I am going to call you out on your own BS. I just checked the AUM in the Rydex Small cap leveraged MF. $39MM. Are you trying to imply that your readers should believe your returns and your assertion that you are a superior money manager (which is really what you’re selling here at MSCI) based on your day trading of a $39MM mutual fund?
Anyone with a brain knows that your strategy would NEVER work with a substantial amount of money which nullifies your assertion that you are or could be a great money manager. You are in essence doing exactly what you hate – adding ZERO value. All you provide is a few black box strategies audited by who knows who that have been back tested with small asset bases. Could you actually produce these outsized risk adjusted returns if you were running, say, $10MM or $100MM as opposed to $100K?
Also, I like your example of YK since you altered your own returns of that strategy after it got demolished last fall. Your hypocrisy is utterly disgusting. Be a man and post my comment for all to see and give your readers the rebuttal they deserve.
Please call this fucker out and give him the Caesar treatment for bad mouthing you….I beg you.
If he spent even half of the time on his investment strategy as he did studying and reading Le Fly, he might just have a shot at managing money. For him to go through TNS on posted trades (rofl) is pure obsession and clearly he’s jealous of IBC’s popularity. Not to mention, reading his blog (for the first time today) almost put me to sleep.
The best part about it is that he rants about integrity. I’ve actually followed his site for a while now. His main strategy which he calls YK absolutely crumbled last year. It got crushed in Q3 last year. He conveniently wiped tat portion of his “audited results” from the record. Now the YK strategy only goes back to the end of August AFTER it got crushed.
What a joke.
It kind of reminds me of when I was starting out in retail brokerage and there were guys always ranting about ethics and spending time on market analytics, while the rest of us were bringing in coin and making money for ourselves and our clients. Retail brokerage is about one thing: assets under management.
In the blogosphere, this crybaby can rant all he wants about Le Fly, but the blogger world is about one thing: traffic.
Perhaps one day he’ll learn this, perhaps he won’t. One thing is for sure, I bet today he had record setting traffic…….and Fly didn’t even have to mention his name lmao……god forbid Fly post a link, the guy’s site would probably crash.
Daniel – can you get me that info. Any other details would be appreciated.
weeklyta @ gmail. com
I’m not even close to being finished with this fucker.
He posted it to his site on the front page as a rebuttal. What he didn’t realize was that in trying to prove another point he totally disproved his original point about integrity. Check his latest post. It details how he wiped the YK results off the board like a slimy fucker….If you now check the YK results you’ll notice that the performance starts AFTER the crash.
He would literally be in jail if he had been running a hedge fund using this strategy.
I will review. thx
i was typing my comment while this was going on, but here’s the direct link
the irony is that this is obvious because it’s full disclosure (a more cynical person would say the SEC would be on his ass otherwise). however it’s still fucking lies. it’s one thing to be publishing unverifiable trades (whoop de fucking do, caveat emptor), it’s a whole other to be selling fake 250%+ returns.
He’s using Timertrac.com – if you look carefully, you can enter trades manually, which can mean that you can enter in ANYTHING YOU WANT.
https://www.timertrac.com/signup/developer/default.asp
This is NOT auditing, folks.
Not only is it not audited, but it would never work with any sizable amount of coin.
I mean come on – even if he were managing a tiny amount of money like say, $10MM, he would nearly double the asset size of the Rydex Small Cap fund overnight. It’s almost laughable that he could even imply that he isn’t a no talent ass clown.
As for his October performance in YK…..Imagine the redemptions that fucker would have gotten. Off the charts. He would be thrown in jail so fast he’d never even feel the handcuffs. The strategy fell like 70% in a month…..It’s almost a joke.
not including the most important month last year (oct 2008) in your stats, and blasting that exact behavior in the most recent blog post is beyond fucktarded.
sure he may have inadvertently advanced his point of full disclosure, but he’s seriously discredited himself.
don’t take the insane crazies personally. take it with a grain of salt, it seems to come with internet fame.
You’re wasting energy. Let this douche die. You just play into his hands getting wound up in the shit. People called cramer out for years. He’s still on tv, but his cred is zero.
Your chartifying can serve a higher purpose than proving that Bo-Bo is a retard.
That’s not true. While midwest America might still be in love with Cramer EVERYONE in the business knows he is a clown.
I say we serve this MarketSci douche up on the same platter. If he’s going to start a fight he better 1. know how to fight & 2. be able to finish his opponent.
Question a man’s integrity and you might as well spit on his mother’s grave. I am quite certain Fly agrees. The Caesar treatment is coming. And this motherfucker is getting decapitated.
Oh, wait! You’re right, Dan.
At first you sounded kind of crazy, but now you make perfect sense.
“The Caesar Treatment.” Check.
A public decapitation at the feet of Le Fly is the only thing that really makes sense. It would be fine to see CA do it, but that’s like letting your sidekick kill the man who raped your mom….Negative on that. That blood belongs on Le Fly’s hands.
Yes, perfectly sane and sensible now. “Like letting your sidekick rape your mom.”
Great “word picture,” Dan.
But I thought Caesar was killed by a group of conspirators with the first blow, a stab in the back, coming from Brutus.
I wasn’t there, tho, so I trust Dan to know what he’s talking about.
Uh, Caesar isn’t getting killed here. He’s doing the killing…..Again, you’re trying to be clever and it’s just not working out for you. The elliptical and the pink weights at the gym are screaming your name right now Anton….Get on it.
Thanks again for your weight training regime, Dan.
And I’m not really trying to be clever.
Are you trying to be crazy?
Enough of this playground bullshit. If you’re going to the gym I will see you there, we will fight and you will lose. Good night.
No, Dan. You may be nuts with your fucked up whining rant, but you know better than that.
The only way Dan gives somebody “The Caesar Treatment” is to toss their salad.
Nice Anton. You have nearly perfected the art of being an internet tough guy. I hope this made your day. Try not to get stomped on in your real life….
I don’t need to be a tough guy, dan. Just tougher than you. And since you sound like an hysterical little bitch, you probably are.
You’re the coward who threatened to fight me at the gym. You didn’t show. What happened? Pee-pee in your unitard?
Nobody who follows this site likes a-holes elsewhere to fuck with Fly or the bloggers. But for Fly to engage with internet dennis kneels is almost as stupid as…
… me engaging with an hysterical little wimp like you.
Night, night, dan.
Daniel,
Obviously you’ve put a lot of thought into this. But if you think just a leeettle bit harder, you’ll understand that the particular wrong you wish to be righted is a job for Bat Man.
Fly is not Bat Man.
But if you cut a hole in your aluminum foil hat in the shape of a bat, then put your hat over the headlight of your bike, then peddle really, really fast, well then, maybe Bat Man will see your distress and come help you.
Hope that helps.
I could give a fuck really for the Fly’s sake. He’s the one getting attacked. It’s his site and his integrity that is on the line here. My only interest, because I am an actual money manager, is that this fraud doesn’t get away with spouting his big mouth off when in fact he is a nobody and a total fucking hypocrite. He thinks he speaks on behalf of real money managers when he has been running an ETrade account in his mom’s basement for a few years. Fuck him.
As for your batman analogy – I think you were trying way too hard to be clever with that one. Better luck next time.
No effort at all, Dan, but thanks for the advice.
You know, you have to take all the medication for it to work.
Just let it go. Like Dennis Kneel, Fly has a bigger audience than this douche. Fly does him a favor by engaging.
get back to work you bored fucker
Bored is right. Think I’ll go to the gym, instead, tho.
he just pulled a dick move in his latest post of implying that CA could be lying about his returns by not including certain data.
he’s a fucking hypocrite, as he publishes his YK(B) returns as 250+%, but if you read the fine print he’s straight up lying by not including a really important month, Oct 2008. he’s headlining the real data as well and everything is in full disclosure, but it’s a little pot-calling-the-kettle-black to be pulling bullshit moves like that.
it all sounds like a bit of jealously, i mean, publishing trades live is good enough for most people, anything more is pulling a no-true-scotsman.
Daniel – One word:
Fly your hurricane thesis this season is fucked…..so sorry-move on.
From Wednesday’s Globe and Mail Last updated on Wednesday, Aug. 19, 2009 10:23AM EDT
The slip-sliding natural gas market plumbed new seven-year depths Tuesday, and industry watchers warned that overflowing storage facilities and tepid demand could push prices still lower.
The New York Mercantile Exchange’s benchmark U.S. natural gas contract, for September delivery, closed at $3.10 (U.S.) per million British thermal units, down 6 cents on the day and their lowest settlement price since August, 2002. It marked the ninth consecutive decline for Nymex gas futures, during which the September contract has tumbled nearly a dollar.
September prices at Alberta’s AECO natural gas hub fell 13 cents (Canadian) to $2.54 a gigajoule, down nearly 25 per cent in the past two weeks.
Slumping demand for natural gas due to the economic downturn has been compounded by swelling supplies, from new large-scale shale gas fields that have come on stream in the United States, and by unusually cool summer weather that has tempered the usual strong summer gas-fired electrical demand for air conditioning. The combination has left natural gas storage facilities in both Canada and the U.S. bursting at the seams, and the overflow is landing in the spot market, depressing short-term prices.
“Short term, there’s just too much gas and there’s nowhere to put it,” said Henry Cohen, president and chief executive officer of energy-focused money management firm Full Cycle Energy Investment Management Ltd.
Although temperatures in many major North American markets have heated up in the past week, market watchers said it has come too late to make much difference. Traders realize that there won’t be enough hot days to make a dent in the serious oversupply.
Analysts said that as summer winds up and the market moves into the slower-demand autumn season, prices could slide further – perhaps as low as $2 (U.S.) per million BTU. Even the hurricane season is unlikely to change that, as short of catastrophic-level storms, any production disruptions could be easily made up by ample supplies from other regions, analysts said.
Prices have fallen to uneconomic levels for producers in both Canada and the U.S., yet production has been stubborn to pull back, and has actually been rising in many U.S. producing regions. Mr. Cohen noted that American producers were encouraged to continue drilling in shale deposits in order to avoid losing property leases, which led to significant new production coming on stream even as prices fell.
Tight credit conditions have caused many producers to maintain output despite unprofitable prices, because they need to generate cash flow to cover their financial needs.
Analysts noted that still-strong prices for longer-term natural gas futures are also encouraging producers to maintain their output levels; the futures curve continues to signal prices north of $5 by the end of this year, and nearly $6 by next fall.
Analysts said that if prices dip toward $2 in the short term, it could convince many producers to shut in some production – especially in Canada, where break-even costs for many natural gas fields are in the $7 range, compared with less than $5 for most U.S. producers. Already, some big producers have been scaling back their output, including Canadian giant EnCana Corp.
But as long as forward-curve price expectations remain high, those supply issues may well persist, said Randy Ollenberger, energy analyst at BMO Nesbitt Burns in Calgary.
“The [forward] strip is still reasonably high,” he said. “I think you need to see the whole curve move lower. You need to stop incenting producers to drill.”
I’m back with balls on ice @ some percocet!
By the way Mr Fly Sir. I only had my sperm line cut my balls are intact and bigger than ever just incase you were worried about a ballless Fool.
Thanks for too much info Henry…
@ Daniel – Why waste your energy on this clown? Just deBank him.
Sorry, Yogi, I just thought the guy sounded crazy. But I went on way too long.
No need for sorry. I found the Batman comment quite entertaining. I wish we still had karma points.
http://atlas-conferences.com/cgi-bin/abstract/caxr-72
http://portal.acm.org/author_page.cfm?id=81100454950&coll=GUIDE&dl=GUIDE&trk=0&CFID=49275915&CFTOKEN=97783965
Frances Y. Kuo
Henry,
Glad your ok, did you notice as he pulled on the vasa deferentia, sperm line, it kept pulling your leg up like a puppet?
Master mustard seeds. How come Henry gets your attention and you had no problem dumping me off at the vet a couple of years ago to get fixed. You know I wanted little Kaisers.
By the way, where is that Fillet you promised me after I told you to buy BAC at five dollars a share?
Other than that, you are a thoughtful master.
But Kaiser, you forget how I turned my head as you continually had your way with Steve the Neighbors dog and many others. I did save you from all that paternal DNA court drama…and if you want some little ones we’ll take the proceeds from that BAC, get you a Fillet and go dog shoppin!
Woof Woof !!
I never watched CNBC. I wonder why people even bother to look at it. It looks like an old 3 stooges movie from what I remember.
In fact I am so disgusted by TV in general that I cancelled cable a couple of months ago. Best decision I ever made.
Try it for a month. Just keep it closed and see the difference….
Does anyone else get a little peeved about FTK being sued by ambulance chasers…er, class action law firm Sanford Wittels & Heisler, who also “happened” to sue United Parcel Service (UPS) today?
http://www.marketwatch.com/story/ups-draws-employee-lawsuit-seeking-100-million-2009-08-19
Rotten, dirty, filthy, lower-than-pond-scum class-action lawyers need to be sent to rot on Devils Island in perpetuity.
Do you think their “clients” ever really get to bank any coin?
About two weeks ago I received a four figure check as a settlement started about 8 years ago from market timing allegations. This was a mutual fund family sued by the attorney General of New York (thanks Mr. Spitzer).
And last year I received a check for about $400.00 from one of the dot com companies of 2000.
Other than that I haven’t received any $$ from well over a hundred of the suit notices. It’s a pain to list the dates of ownership, etc. on the claim forms.
Caddy,
When the state of California sued Prudential Insurance in the early 90’s, we got “paid” on their life insurance “false product” claims.
You got paid $400?? after waiting almost a decade??
Wow…that was a hyper-seconds profit/loss of a trade during the dot-com days.
Class-action, detritus thriving, corrupt, legalese douche bags…but hey, if it pays the bills….goforit dude.
shanghai up 3% [delayed | live – 2nd section, first row]
we just need decent employment numbers and we rocket back up past 1000 on S&P
Can\’t see continuing bull when savings rate climbing along with unemployment roles. And the Baltic Dry weakened after China iron ore imports dropped recently. Sure market will be stupidly up for a bit, then no growth = sayonara
yes markets should be making new lows, blah blah blah.
always remember that “the market can stay irrational longer than you can stay solvent”.
my comment was about short term moves, so i don’t see how that’s relevant, i do agree in principle though.
Saving – Shirley you see the problem with the savings rate, don’t you? It’s only a drag on spending when the rate is rising. Once it stops going up and stays steady at 5% or 10% or whatever, then the game begins anew. Besides where do you think those savings go? Into a mattress or into stocks, bonds, etc?
no need to wait – ES just printed 1000.
I apologize now to all the UNG / other natty longs. The company I work for has aided and abetted in installing two of the world’s largest NG wells in the last four months. We gotz NG coming out da ass up in huur.
Don’t hate the playa, hate the game…
oooooh… now i’m bearish. whoops…. now i’m bullish. stfu… you don’t know what friggen day it is fag.
I HAVE NOT SHORTED A STOCK SINCE MAY. GET IT? GOOD.
Going to cash is not bearish.
Either read my blog and know the details or shut the fuck up.
go back to disney world fag.
Your Mother’s name is Mrs. Jong.
As a trend follower, my major indicators are still bullish, but some other more minor ones are bearish.
So until there is a more decisive change of direction Le Fly is correct!
Cash is where to be at least for now!!
This could change tomorrow, but we definitely don’t have a down trend yet.
LMFAO!
what is a day without a little sunshine?……………after my bowl of noodles at lunch………came back to
the desk and………boom we had a market………ssec up 4+%………..basic materials…..energy……usual
suspects……….hk faded the close with a gap needing a fill……………..property must not break here or
…………well you know the story…………..concur no trend yet .
happy hunting.
Sears..Bwhahahaaaaaaaaaa…another cramer fucktard play….eddie lampert…fuckhat.
Jobs..umm..nope…go home and cut your neighbors lawn…we need a war or swine flu to wipe out half the population
My lawn needs to be cut. Fly, Jr. is supposed to be here sometime today and mow the grass. I used to have Fly’s illegals do it but since I lost my job I couldn’t afford them anymore. Fly, Jr. charges less plus he needs the money since his Dad stopped paying for his tuba lessons.
TXN,INTC,ADI,NSM,KLAC,SMH are worrisome here.
The chips are shorts on general market reversal.
Spitzer in and out.
I noticed them acting a little flakey. Expiration shenanigans maybe?
It’s so slow I shoulda taken the day off and gone fishin’.
Another strange occurrence here is that all major gold and silver stocks are up but price of the physical is down.
Possible reversal for gold later?
Watching and waiting.
Fishin’ is good.
August is the time to buy gold and silver, for the ramp into EOY.
_______