“I should have sold yesterday” are infamous words passed down through the generations. I regret not selling and now will lay in the bed that I have made. Many of you should save yourselves from the horror, known as “the other side of the mountain.” As for me, I shall stay here and endure the tidal waves to the face, while stuffing my face with chocolate bars and throwing candy corns at stock brokers.
“The market is the gay,” is another famous phrase, coined by an insane Egyptian stock broker, which none of you would know. But, those words ring true today. Believe you me, my losses are rather extraordinary. My emotional state can be categorized as “catatonic.”
As I sit here, like a mannequin, I am filled with regrets—for the battle has been lost and I am holding the stick. From POSCO (ADR) [[PKX]] down to that bastard of alphabet disgrace Flotek Industries, Inc. [[FTK]] ; I’ve been sacked. My cash position is a touch above 15%; but that does not matter. THE HALLOWEEN HORROR befell upon me. My losses can blot out the sun.
My advice to you is to run. Run for the hills with grills. Eat beans out of a can that are no frills.
The bull run is not over. However, the tone of the market is different. One day can make a huge difference. Thus far, today is one of those days.
More later.
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Pasta at Patsy’s ….
One time, before I was in entertainment, I closed an egregious deal with a certain interwebs company. One pitch, 20 mins preso, deal paper on the table done.
We celebrated at Patsy’s. It was a great day and one of my favorite personal NYC memories.
Years later, my wife still makes their vodka sauce for me.
It’s a Mannequin Opera: boy meets stock, boy loses stock – stock dies.
Exception: T36 patent holder APH in Canada BTFOFOFOFOOF!!!!!
What is The Fly’s Halloween costume?
TEUTONIC KNIGHT
“tidal waves to the my face” — Fly…
Fuck this shit, I’m going to bean club.
“the market is still the gay, no?”
Fly, what would you need to see to start shorting something?
Fly, the volume is significantly lower in both NYSE and NASDAQ compared to yesterday all in the face of market going down. What do you read into it?
i see gay stocks
Here’s what i think fly. I don’t actually think this too complicated (famous last words of course).
The market seems to betting that this is as good as it gets and it’s downhill from here, due primarily that the artificial elements of the growth spurt such as the cash for fuckers, the $8,000 bribe to new home buyers and the rest of the stimulus package which is running off. The thinking then goes that the economy will be looking like a live but plucked skinny little chicken instead of a fully feather one.
I have to admit that’s a fairly decent proposition to think about, as after all we’ve had a decent move from the March lows.
Here’s the thing, the dildo(ed) stimulation package and all the other shit may have artificially spiked certain segments of the economy such as new home buying and cash for fuckers. However the real stimulation isn’t from the dildo-led package, it’s actually coming from the shit the Fed did such as quantitative easing and the masses of dollars they’ve infused into the system. Don’t get me wrong as I think QE is hugely distortive for the economy and we will come to realize it when we regret what they’ve done. But for now, for the next two years or so, this monetary stimulus that was injected by the Fed will have huge consequences. Lets also not forget that it takes 18 months or so for the full effects to wear through. So my point is that the growth projections were seeing from the likes of Deutsche bank where they’re now projecting a growth rate of 4% for the 4th quarter is going to sound pretty accurate. When it does, stocks will take another huge bounce and fuck the shorts. However this isn’t going to happen just yet, as it will take a little time for it to sink in as we begin to see macro stats over the nest 2 months. We could correct another 10-15% still be on an up move.
Either way it looks like it will be painful. Still holding.
As usual, you have it ass-backwards. I told you to BUY gold and coal and steel stocks on Wednesday. They showed a handsome one-day gain, and when the market was down 200 points TODAY, they held well above their Wednesday lows.
I also told you that the monthly pattern called for an intermediate term bottom on Monday or Tuesday.
So I suggest you flush you excremental theories down the john, and BUY Oil, Gold, Steel AND Banks today or on Monday, if the drop continues.
These gyrations are merely program trading between institutions. The market will be higher at year-end than it is now.
you be smart
“As I sit here, like a mannequin…”
—
ROFL
Now that’s some macabre imagery !
Classic !!!
.
Only thing worse than going bull yesterday was getting suckered into covering 2/3rds of my shorts and buying back FOR MORE today.
ouch, You should dress yourself up as a retard for Halloween.
you never go full retard
http://www.youtube.com/watch?v=f88rdBAJSVY
this about sums it up….. Paul Simon “slip sliding away”
I also think the Japanese action of today, announcing that they were essentially closing down direct lending from the BOJ to the corp world has something to do with it as that was a good source of liquidity soup.
Personally I think some fuckers are pushing the dollar around if they can’t get a real stampede they will artificially induce one via the dollar.
hahahahahahah ha haha
Fly, do you own any long-term to “never-sell” type stocks?
Yes.
How’s that for ambiguous answer?
Good enough for me!
Unless, of course, you’d like to give us a Halloween surprise and share your most favorite one or two.
Never Sell = FTK
The economy is smoking on all cylinders, even while under water.
We are created jobs at a rapid pace, while losing them.
And, finally, banks are making lots of money, despite losing everything.
Banks get money from Obama’s stash “Fed Reserve” with no interest
Then instead of lending it out they BUY T-Notes with the money and have the Fed pay them interest on the money they lent them….
Brilliant
Looks like a Fly Trap to me.
That’s so egregious money manager with a punched off mustache!!!
Market has been so attached to the dollar it is getting beyond ridiculous.
V.KIng says:
October 30, 2009 at 12:39 pm
Bill Clinton had “blow” jobs for the American people…
Bush had “snow” jobbed us to China and Saudi investors…
And this Kenyan duck farmer is setting us up for “green” jobs from anti white Ben and Jerry’s executives….
VOTE
FLY / V.King 2012
Looks like my stops on the long side are gonna be hit (I’ll give it to the close to see what happens). Oh well. The tone of the market has changed but while this feels like Armageddon part deaux, so far we’re down only 6% from the recent closing highs in each index (save the Russell which is down 9%). The average pullback in the S&P and Nasdaq Composite is 10% and 12%, respectively.
Started a position in SMN. Another textbook positive momentum divergence in an inverse etf just like RWM. 4% of my portfolio filled at $11.14.
DevilDog and T Mo(ron)e in 5….4….3…2…1……
fifd
cool. i hope the market tumbles down to 8500
maybe i can get out of my friggin SRS holdings.
Wait till next year.
Man, the VIX is exploding higher today.
Like the traffic on the V.King’s Blog
Smells like panic
TIM’s turn to strut around his house with his big dick gains
This kind of trend change is why I only sell puts – gives me some nice hedging and I can use the theta to work off some of the losses
Without that I’d probably be posting the same items as the Fly
Time to jump in the FAZmobile and floor it!
That doesn’t work if Delta and Gamma are conspiring against you
We’ve seen a really clean move down with zero defense, with the move up only coming from GDP news, the move up and move back down have also been big and clean. If this does not change today, this is an indication of a larger trend change and overall behavior, things are getting weird here
Cheer up . Anyone checking SLW? It’s down 11%. Should be a buy.
RaznCane, how about HL? It is another miner and is down by a bigger percentage.
Wrong. The fly bull shit run is over and will disappear totally. After that prepare for S&P 150.