As previously noted, the market is “Simple Jackin'” itself into oblivion, going “full retard” ahead of Halloween. Just so you know, as this sell-off deepens, in my head, I envision zombies crawling out of their graves—with laptops—then selling short the market, while eating a side order of brains.
This is what we call “let’s go have a drink, F this market” trading, down on Wall Street. It’s one of those days that you should do something, but you don’t, then regret later. Maybe the market cracks like an egg on Monday. Or, maybe people with balls made of stone buy the dip.
All I know, from experience, you need to stick with a game plan, else get tossed around like a skinny girl in a steel caged wrestling match.
For the record, from my vantage point, most of you behave like women, completely without testosterone. However, that is a subject for another day.
With my money, I am dying, crying and most definitely not lying, when I say: TIMBERRRRRRRRR (famous words most commonly seen on the sacred yahoo message board forum).
For now, I am getting the hell out of here, in order to distract myself from the carnage. If you are a bear, enjoy today’s win. Retards without legs and arms need to win sometimes. So, get your torso dance on and enjoy the respite!!!!
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Laptops with Windows 7 I might add.
(which rocks)
Shit, shit and more fucking shit!
Down the shit hole we go. The only question is, do we make new lows this year, or next.
Losers!
Fuck Off
you are like, really touchy, man
All I had going into today was a little IBM (long) and some V calls that I sold in the morning. I loaded up today on GS, AAPL, POT (per le fly), and a few bank stocks. We’ll see what happens. Monday will tell.
The Fly is God, God damn it!!!!!!!
Two egregious blasphemies in only seven words.
People have been waiting how long for a dip to buy and of course now it’s too scary and no one will.
There’s no such thing as truely cheap stock – every supposed bargain comes with either a ton of problems or a ton of fear. Either you man up and buy the fucking thing or you don’t.
Don’t bitch and moan later because you ‘should have’ bought TCK at $3.50 back in March.
careful. EQIX just broke and 79 is next
And still no cussing unless”F” counts.
I don’t think so.
http://anesthesiology.duke.edu/wysiwyg/images/cartoon1.jpg
Had to do local Bean Club today instead of driving towards the border. Thanks mother market, you transvestite-surprise whore.
I stayed FAR away from the shredded beef, FYI.
I guess midkips was right… Precipice here we come. Not like I’m pic-ki-nick-ing, I mean panicking, or anything.
I am not saying the bull run is over but for those (unlike me) who have managed to time a big portion of this market; why the fuck would you still want to be fully loaded gay stocks. Take your money and wait for a better entry either up or down. Dollar is going down longer term but it will have a punch-off-your-mustache rally short term.
RISK-REWARD is not good either way. Let the trade come to you. Trade only severe dislocations. I think one might be developing here. Wait to see what the government (GS) does after few days of selling.
Cheerio
OEW got me long cash … 80% LT and 70% ST accts …. Just saying
And if there is a significant rally from the bottom today (Friday) you will have your answer. They…wont let this market sell-off ‘yet’
There has to be one down month. The market can’t keep going up month after month. After a good retracement, I am certain the buying will continue. Hell, it may continue on Monday now the fiscal year for mutual funds is over as of today. The Spy has not put in a lower swing low and you know there has got to be consolidation and selling at some point.
In what years did the market just go straight up? I say relax, kick back and wait.
Not so sure mf’s are in a place where they can buy. Check out ici.org. As of the end of September, US stock mf manager’s had only 3.8% of their total assets in cash. Cash as a % of total assets at US stock mf’s bottomed out at 3.5% in July ’07, same month as the Russell 2k topped out and three months prior to the tops in the other major indexes. MF managers are fully in greed mode which should make everyone else fearful.
fifd
TradeBots warming up in the bullpen.
NEM could be saying “do some long scalping on ABX,AEM,GG,etc., but don’t stay too long at the scalpin’.”
Jim Stack’s InvesTech Research says:
“Without a strong double-digit gain in the closing two months of the year, this decade is destined to soon become the worst performing decade in Wall Street history! Even the decade of the 1930’s – which encompassed the Great Depression years – managed to end with a milder loss.“
Barf!
Financial Select Sector puts active on 240K contracts; index down 4%
Financial Select Sector is recently down 67c to $14.07. XLF top holdings in the fund are JPM, WFC, BAC, GS, USB, C, MET, TRV and AXP. XLF November option implied volatility is at 42, December is at 38; verses its 26-week average of 42. XLF call option volume of 92,462 contracts compares to put volume of 230,264 contracts according to Track Data, suggesting traders hedging for downside price movement.
Gioooooooooooooooooooooooooooo,
Get in my office the “infallible” PPT Hybrid score just went to negative 200.
Fly
Bring out yer dead…
http://www.youtube.com/watch?v=grbSQ6O6kbs
Greetings Fly, with the 30% cash I have left, I am gonna start selling ES puts with the VIX in its happy place.
Have plutonium Pete bless my balls …
Have a nice day! (Taken from a Chinese to-go box as I fall on the ground after the nut cracking blow this morning)
looking for further weakness in commodities and relative strength in Nasdaq from here on out. we can ninja move significantly lower or significantly higher, who the fuck knows.
the key things is, the market is playing honest. any reversals should be believed, setting incrementally lower stops.
That close was a significant piece of shit.
It could be a funny Halloween trick GS is pulling on the bears but I doubt it.
I will use any rallies to continue to lighten up and start looking into buying instead of selling puts to hedge the rest.
I think my iPod has started talking to me again KISS mix edition:
KISS “Tears are Fallin'”
KISS “Heaven’s on Fire”
KISS “Sweet Pain”
KISS “Getaway”
KISS “Got to Choose”
“It’s a meat grinder out there people. Put your fucking sausage costumes on and get on the conveyor belt. While you are busy doing that, “The Fly” will wait in the tall grass for his opportunity to strike a deadly blow.”
The Fly
March 2009
check out wayne’s new mix tape, no ceiling
http://www.youtube.com/watch?v=NPoYXGGNt0Q
wow…didn’t know this blog was written by a 7th grader. How else do you explain quoting Ben Stiller and his charming full retard quote? Ugh. Ever stop to think about who you hurt when you use the word retard? No, I didn’t think so.