The internet is awash with people who crave for the house of cards to come crashing down, rightfully so. As reported by the good folks at The Glenn Beck Show, President O’bama sucks and the country (America) is no longer cool, partly because China has factories that produce things—all thanks and praise to non-existent labor laws.
So, instead of keeping this corrupt government intact, we MUST dismantle it and its stupid banking system, sort of like how parents give away or discard their children because they suck at sports. No worries, we can always start a new country, as could disenchanted parents produce new/better babies. Everything is going to be alright.
With regards to my investment philosophy:
I made a commitment (to be curse free until Dow 10,500) and I will not waiver from that vow. The fact of the matter is, “The Fly” does not need to curse, in order to blog on a very high level. Always remember, “The Fly” is the Blog Father—anyone who thinks otherwise is liable to have his/her mustache punched off. The Dow will hit 10,500, as sure as I am hating on you “crock-suckers” while typing this sentence.
Many of my new readers, for good reason, believe I am some sort of permabull, who roots for the bad guys and eats steaks as if they were made from paper (I do not eat paper). If you have the time or the inclination, delve into my archives and “rewitness” my Godliness, with regards to nailing the bear market of 2008. Moreover, anyone who believes that I will remain bullish, indefinitely, despite the market saying otherwise, is an imbecile and is more deserving of an electric chair (Death Rowesque), in favor of one of those low end swivel jammies from Staples.
In short, Le Fly puts his money where it makes sense. For the better part of the last 8 months, it made sense to go long. However, if that should change, believe you me, I will show you suckers how to short stocks, with great vigor, and make a large fortune doing it.
Remember, “The Fly” wins all the time, even when it appears he is losing badly.
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I will complete this post tonight.
Be sure to tune in, despite this internet address not requiring any sort of tuning—since it is not a television or radio channel.
Amer CIA, hmmmmmm
if i may add a reminder to all.. daylight savings time i beleave is in effect ..so some of us might want to adjust our clocks sometime today
Death to America…and viva la foreign stocks?
Rhetoric to rile the proletariat will not be tolerated. You are on THE list.
I can get you all off the list for the simple sum of 1000 Ameros each.
Does that specifically include $GS?
My CIT dart throw just made a u-turn and landed in my left testicle. Win some, lose some, but that was just a dumb trade. To make matters worse, I was up 15% within 24 hours of the trade and I held on like a greedy fuck. It was a 1.5% position, bought @ $1.08.
Sounds eerily familiar. I lottoed AURD a couple of months ago at 0.22 had a 100% gain at one point. Few days later they declared Ch 11. Stock plummeted to 0.11 but I figured what the hell and held on. Two weeks or so later it had a ramp up to 0.33. Didn’t nail the top but was able to bail out at 0.27.
I think a 12.5% gain on a stock AFTER it goes BK is the prime definition of winning even when it looks like you are losing.
Hey my screen doesn’t look so bad with CIT not trading! My slug of TZA is positive too…
Pimp, I am hoping for (but not out loud) a costanza trade on CIT. Who knows, a number of things could happen, but I’m not holding my breath.
Dow 8500 before 10,500 and ES target of 900
dow 8741.45 & s&p 932.54 in 2 days = 10% pull back from here seems healthy to me
-yawn-
what a nice day it is outside.
LOL. Nothing like a little Ron Paul to cheer me up.
http://www.youtube.com/watch?v=6Y30k3nkk54&feature=related
The Fly recovers gracefully while throwing ham sandwiches and sarcasm at bums on street corners.
It’s still a bull market and this is just a correction(albeit decent one) till proven otherwise.
The title of this post is deserving of a stint in git-mo. We cannot let the terrorists, or their short-selling brethren win. USA!
Holy F$#$CK,
Citigroup DOWNGRADES Research In Motion (RIMM) to SELL tomorrow, $50 target.
Citi has always been a bull on Rimm.
Research in Motion — The majority of RIMM’s recent growth is attributed to consumer adoption but increased competition with more attractive devices & applications pressures RIMM’s growth. Verizon embracing Motorola’s Droid phone as its hero product likely causes RIMM’s marketing spend to increase in 2010. New Storm 2, internet, & customer experiences are minor evolutions at a time when the industry & competition is seeing major revolutions of applications & improved customer mobile experiences. Downgrade to Sell & remove from Top Picks Live!/Global Tech Conviction List. Target to $50.
Gonna get axed on this I imagine.
They are also downgrading PALM to Sell ($10 tgt) , and Upgrading MOT to Buy ($10.50 tgt)
btw. Target was at $100. Now cut in frickin’ half. Ouch.
Eh, so Citi’s trying to get rid of its MOT to loser retail.
Or yet another example of why CIT filed for bankruptcy protection this morning.
LOL – Bye bye CIT.
You’re making no fuc*ing sense whatsoever.
Go Fly, go! You surely are an altruistic space alien magician.
If they dismantle it….. does that mean no more Cheesecake Factory or Outback Steakhouse?
Fly,
As a long time reader of this AWESOME site, you seem to speak out of both sides of your mouth. Either you’re currently long or short and I base it on your “seen the future” banner.
Another thing, will you post the PPT number on a daily basis as suggested by a poster and acknowledged as a good idea by you?
Long may you reign.
He’s long
Miss the sarcasm of the first half of the post?
you have the reading abilities of a 7th grader. Hence, you cannot pick up on sarcasm.
I have no shorts, at the present.
no shorts…why not…at least as a hedge ohh great one…just curious..no ball busting intended..seems with transports and other divergences recently some stocks have decent short setups..plus S&P action lately gives pause..thanks .
FLY, if you post the PPT number daily you suck. If you pikers want the number shit your 20 bucks. The PPT Numbers are for CLOSERS.
Dummy JauShu, that’s not how one should attempt to communicate with God.
Fuck your left uncle. I’ve been with The PPT since the start, droid.
The Fly is God.
If you were a closer you wouldn’t need a “prospects” list now would you?
Couldn’ t agree more! f***ing cheapwads!
BOOYAH Fly, Cramer is looking for a sidekick who is also “always right” !
good point, Fly is a bigger douche than Cramer
YOU’RE FIRED!!!!
omnibus locis fit caedes
Nice
KC – Just notice it? It’s been there since Thursday. Quite apropos for both bulls and bears, methinks.
We put that up there on Thursday.
Prescient, no?
fiat iustitia et pereat mundus
Methinks the FLY has a amusingly serious case of revisionist memories regarding performance during bear visits
We’re all gods in our own minds. That’s why I keep wishing the FLY would put out actual trades
He does, in the PPT
Are you blind? I post all of my trades here
Here. start reading from here to the present, then get back to me
http://ibankcoin.com/flyblog/2008/11/page/11/
Fly,
You need to start a retailer death pool. It’s going to get really ugly after Christmas.
Fly is a charlatan piece of shit
ass:
I reckon you’re a piece of shit, not fly
I am banning all of you losers, unless you come up with something clever to say.
Steve, Jr. just read your posted comment about Americia and Obama. He is now confused since you still have the Hope N Change Obama bumper sticker on your PT Cruiser. Steve, Jr. wants to turn you in to the Obama Youth Corp Captain in the neighborhood for actions unbecoming an Obama supporter. I have however convinced him not to do this until I talk to you. I told him it’s probably the NY Met acute stress disorder from watching the Yankees play in the World Series.
Fly,
Keep going, my good man. Do not burden yourself with the weak…I dont..
Good man now find an idiot to buy that worthless FTK at $3.00 from you than I will join the FIG ! bandwagon
Shut up at once
all this nonsense aside – fly, did you dress up for a halloween party, or did you just take the kids out for candy?
Trick or treating then Halloween party
TEUTONIC KNIGHT!
Shiller thinks an abusive capitalist system that may transform the rich to super-rich needs to institute an economic inequality tax asap to save capitalism and prevent destruction of the classes and revolution as The Great Depression II continues on it’s destructive path and threatens The American Dream especially if things stay the same another 30 years …. Winner takes All = Death to America!
http://premium.edition.cnn.com/video/#/video/podcasts/fareedzakaria/site/2009/11/01/gps.podcast.11.01.cnn
Go to the 19 minute mark for the Schiller interview on CNN (yes Jake, that is a liberal network but it would have been just as poignant had it been on Fox)
Shiller is a fucking idiot. There is nothing he’s done that could even be called ground breaking. He’s essentially realized that if a market gets to far ahead of itself it tends to recoil. In other words he suddenly discovered mean reversion.
I went to hear one of his public lectures in Australia back in 2003 and all he did was spend time spewing hate against the Republicans in front of a foreign audience. Of course he’s allowed to do that. He just isn’t that good an economist.
This: So, instead of keeping this corrupt government intact, we MUST dismantle it and its stupid banking system, sort of like how parents give away or discard their children because they suck at sports. No worries, we can always start a new country, as could disenchanted parents produce new/better babies. Everything is going to be alright. is one of the reasons that the Fly’s blog is top tier on my bookmarks.
No one comes close to that level of rapier sarcasm. No one.
Brilliant riposte to the wingnuttery out there.
Agreed. Nothing comes close to this band of traders.
Analysts Downgrade Summary
MOST NOTEWORTHY: Comcast (CMCSA), Research in Motion (RIMM) and SL Green Realty (SLG) were today’s noteworthy downgrades: Kaufman Bros. downgraded Comcast to Hold from Buy as it believes the company’s Q3 subscriber metrics will indicate slower growth and that the NBCU deal creates uncertainty. The firm lowered its target on shares to $17 from $18. Citigroup downgraded Research in Motion two notches to Sell from Buy. Citi is concerned that new competition will pressure RIMM’s growth and cut its price target on shares in half to $50 from $100. The firm also removed RIMM from its Top Picks Live list. RBC Capital downgraded SL Green to Sector Perform from Outperform. The firm downgraded the stock to reflect what it sees as the company’s limited growth potential, as well as the company’s possible need for additional capital and the outlook for more limited capital rate declines. RBC Capital set a $40 target on the stock…OTHER DOWNGRADES: Coca-Cola Hellenic (CCH) was downgraded to Underweight from Overweight at JP Morgan. Capital Product Partners (CPLP) was downgraded to Hold from Buy at Deutsche Bank. Office Depot (ODP) was downgraded to Underperform from Neutral at Credit Suisse.
OK all you brainless calamity-predicting bearshitters from this past Friday. Step up to the plate and move BIGGER into your short position, or load up on SPY puts. This is you big chance to put your money where your WAAHH!!! WAAAHS!! are!
easy tiger.
I think the most important result was Ford’s coming in with $1 billion profit and just zapping the analysts expectation of around 12 cents loss per share.
Don’ be scared people. The economy is mending and is art the very beginning of the up-cycle.
ooops
is at the very beginning of the up-cycle.
j… I really want to believe that. Do you think your geography influences your thoughts.
On the streets here it feels like the consumer is still beat up and cash poor. New normal is creating an very thrifty and scared shopper. Wages are flat to down….while everything else soars.
College Tuition
Health Care
Consumer Credit
Gazoline
How does Ford sell $30,000 Taurus’s ….I don’t anybody that can truly afford that…and that’s entry level. No more easy GMAC / Ford Credit/ GE Capital party.
Mrkcbill:
Of course the economy is still in the shit compared to where it was before the clusterfuck and it will take several years before we begin to see an improvement in unemployment. However, there is economic growth , it is the beginning of the cycle and it will turn around. Look, the way firms shed jobs and slimmed down they were expecting a depression, so the private sector is as fighting fit as it could possibly be, so even mediocre upticks in GDP offers great earning potential.
This argument is so played out, either the internet is filled with the poorest mother-fuckers that just lost their jobs or everybody is listening too closely to what the popular media is blathering about. I can afford a Taurus (though I don’t think I want one) and I don’t need to borrow from anybody to get it. The only thing going on on my streets is business as usual without the greed induced frenzy people have become accustomed to equating with health.
These goldman robots don’t fuck around, eh?
Where the bears at?
Where you at?
They are waiting on that $76 mark on the DXY, methinks.
Got gold yet?
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This morning’s blogpost title reminds me of that one Brady Bunch episode (now little seen thanks to a law suit filed by CAIR) where Jan, stung by lack of popularity at school, retreats into radical Islam and joins a terror cell operating out of Burbank, CA.
Of course, who can forget that episode’s key tag line?
DEATH TO AMERCIA, AMERCIA, AMERCIA!!
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