A final word on the non-important topic of people with opposable thumbs versus those with a medulla oblongata.
On a separate note, I am split between my conspiracy theories of the Fed orchestrating “forced demand” for treasuries and the obvious printing of “magic money.” I realize there is no middle ground and only one side will win. Despite the amount of money being tossed into flaming barrels of garbage, I cannot help but to think about the pending treasury auctions and how they will be received, 1 to 3 years out.
For the moment, I like cash and/or a pair trade between [[TLT]] and [[GLD]] . I just haven’t discovered the appropriate balance yet.
UPDATE: Over the weekend, I learned all there is to know about technical analysis. Enjoy the fruits of my labor.
[[TLT]]
Goldie
I had no tutor. I learned by reading the internet
I agree and also like the GLD
The Fly is God.
LoL I am reading this at a sushi bar now and am laughing uncontrollably at the chart. Hugh hendry lolol
Prepare to be whipsawed! IMHO I think its fuckery in many forms. Keep dollar low, keep bonds selling and rolling over. I think there are monkeys on both of these levers pull frantically while hoping something doesn’t break.
My plan at this time is to use the recommendations of the PPT and distinguished gentlemen therin to make my picks accordingly. In previous months I didn’t let my winners run long enough, but today we see a spike with no follow through. So keep positions small, be nimble and bank your coin quickly!
Go Canada in Olympic Hockey! 🙂
I’m beginning to wonder if Le Flyster is not an alter ego of Le Hugh Hendry … 😮
and I’m beginning to worry about Le Flea and his agreegious position long of TLT alongside Monsieur le Hendry.
I have no position in either TLT or GLD at the moment. Just thinking out loud.
Hugh Hendry said that he had a bet that could pay off 75% or 75 times versuis a 1.5 % loss possibility? Anyone know WTF he was talking about?
I like the phallus. LOL
USA scores 41 seconds in.
Canada going down.
Be very carefull what you say. I will make you eat your words and a big steaming pile of beaver excrement.
Bah, Canada lost to the US 3-5, time to short Tim Hortons!
Its not over.
180 billion this week alone
long dated ones are
13 wk Bill 02/22/10 02/25/10 26B
26 wk Bill 02/22/10 02/25/10 28B
2 yr Note 02/23/10 03/01/10 44B
5 yr Note 02/24/10 03/01/10 42B
7 yr Note 02/25/10 03/01/10 32B
30 yr TIPS 02/22/10 02/26/10 8B
that 120 billion of the 2-30
Do you think he will scrae the market into bonds
10 year at 3.80% and ready for a break-out
http://stockcharts.com/h-sc/ui?s=$TNX&p=W&b=5&g=0&id=p23136087002
The FED move signals that concern about our ability to get cheap money from foreigners is strong enough now that they have entered a period where they will posture and maneuver in order to assure our creditors and sell more of our paper.
Stocks went up in 2009 because of concern about inflation and because of the low returns on cash. The new FED posture is bad for the inflation-concern prop.
run for congress or master puppet, aka, the pres. Fly for president.
Is that a bullish camel toe formation on that chart?
If that looks like a camel toe to you, then you’re hanging out with some sloppy fat women.
RRB I think it was at the Russian Economic Forum Hugh Hendry mentioned this bet, and I think he was referring to a position in Greek Debt.
There are links somewhere to the translated version of the discussions – really interesting.
Try googling.
I can’t say I always agree with you, but damn….You are a funny fucker!
so wait until another black dot then buy eh
good chart
sometime next month, off supp
Sweet mother of WHERESMYROOTBEER, Nikkei is up 320 points!
looks like a classic cock and balls formation ….
by the way, the iBC dictionary seems to be last years, and not the updated one?
“Now the issue becomes when they raise the fed funds rate, and opinions are divided on this. For today, Japanese shares are up on short-covering.”
Fly,
JoshingU taught you well..
I am in Piketon, Ohio for the night. Doing a little research on USU’s facility here. Got in tonight, staying at the nearest chain hotel to the centrifuge. There are several government vehicles in the parking lot and several from Tennessee. I tried to go to a local watering hole in Waverly, but this place is DEAD! The best I could get was a local pizza joint. Spoke to the white trash cashier. I asked him where people work, he said there are no jobs around this place, and that older people still have jobs at USEC. When I get up in the morning, I am hoping to catch some conversations at breakfast. I’ll share what I find, if anything.
Do you do this kind of research for your own retail account? Or are you there for an unrelated reason?
I think that the 1/4 point raise in the rate may be the first shot in a new world war of economics. just sayin……….
I agree the future now is less clear than 2009, although I do believe Le Fly is overthinking this. (Although great funny drawing, I agree that Elliott Wavers etc are living in crackland now that each trading day is “whose buying program has the best algo”).There are many shorts still to squeeze, and I believe we will get a bounce into the early week. I am not convinced we will set a new higher high, however, which does concern me. Much of my brokerage account is in cash right now.
Volcker,
Great. No immigration = lower population growth = low economic growth. Without immigration, we wouldn’t hit the population replacement rate. This is one of the problems afflicting Japan, which has an immigration policy you would approve of. As a result, they are in a “population death spiral”.
Of course, we could always solve the problem by getting in “The Fly”‘s time machine and stopping your forefathers from immigrating.
I highly doubt Le Fly is over-thinking. The man is a trading God, and therefore does not over-think. His ideas come to him through divine intervention, thus all of his ideas should be considered “the word”
Now, what I am wondering is why Fly didn’t include a video of “Aquarius” from Hair for this post???
are you making money?
Unprecedented times, indeud!
“Basically, It’s Over.
A parable about how one nation came to financial ruin.”
by Charles Munger
http://www.slate.com/id/2245328/pagenum/all/#p2
“It should strongly discourage casino gambling, partly through a complete ban on the trading
in financial derivatives, and it should encourage former casino employees—and former casino
patrons—to produce and sell items that foreigners were willing to buy. ”
I’d add it should have gone further and barred ALL forms of non-charity gambling,
including lotteries, slots, numbers, casino poker, horse racing, and stock options.
While slapping a 110% tax on any personal income above $250K annually.
Wanna solve our budget and jobs problem? Bring back ALL troops from overseas,
station them on the borders (primarily Mexcun), and allow only EMPTY trucks and
planes to enter the country. Wave thru any that are outbound, loaded or empty.
Hugh was a long way up. Man , didn’t he suffer oxygen sickness?
Hugh may be betting on the end of the Euro.
FIG, how is Granny doing up in Piketon? Are you on broadband or dial up in her basement?