The amazing thing about this rally, this ongoing rally, is the amount of damage that is being done to the bears. Look, at this point, I fucking hate the market; but that’s only because it is not doing what I want it to do. Well, I need to get used to the fact that the market doesn’t give a shit about what I think. We are trading in some real high level bullshit now and there is nothing you or your stupid friends can do about it.
I am just so very fortunate that I wasn’t brave enough to short stocks a few weeks ago. Sure, I missed out on some nice melt ups. But, you have to admit, the people who are telling you to “just buy and go to sleep” are mentally ill. It’s almost as if they believe we should go back to all-time highs. Hell, what the fuck am I talking about? That’s exactly what these asshats think: we’re going back to all-time highs.
Do yourself a favor, don’t try to time the top with shorts. If you are nervous, go to cash and eat a sandwich. I am fairly certain that I will be shorting stocks, within a week or so. However, I will not do so without seeing downward momentum or sound advice from one of the shadows near my favorite urinal.
In short, God loves the New York Yankees and stocks. Betting against either has resulted in a lot of foreclosed homes.
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Fly good day for Short Hills Mall?
I will be there this weekend, no doubt.
The three things you need in your life to get through this market are:
-Sandwhiches.
-Cash.
-The PPT.
All are necessary.
Without cash there is no PPT or sandwiches. Without sandwiches, you die and can do nothing. And, without The PPT, life is simply not worth living out.
Without PPT very difficult to coin cash. Life is a circle.
DOW 40k….. S&P 5k…..NASDAQ 10k…..buy, buy, buy….go to sleep for 5 years
FYI, just posted in PPT:
Update on PPT 2.0
by The Fly Mar 26, 2010: 10:32 am EST 0
We have decided to go a different way with The PPT upgrades. Instead of holding them back for a relaunch of the new/improved service, we will piecemeal them out when done. It is very likely that we will re-release The PPT, with a brand new look and some major features. But, in an effort to keep very cool stuff available as quickly as possible, we will just upgrade the system continuously.
Recently, we added auditor data to profile pages and screener. And, we added “net institutional holdings” to the screener. Coming up next: fully operational seasonality page and automated OVERBOUGHT/OVERSOLD indicators.
After that, we have some pretty sick trader profile upgrades, that will include portfolio management and a daily dollar or percentage gain user leaderboard that will be plastered on the sidebar.
QCOM got an upgrade this AM and it is down. BRCM,ADI,NSM are down and TXN is barely up.
Smelling a chip sell off soon. SSG etf (2X short) or short SMH could be intra day (sounds better than day trade or gambling) winners.
See GS is the Belagio [sic] trying to go short is the equivalent of betting don’t pass. As they say in AtlntcCity… YOU CAN’T FIGHT CITY HALL!
12,000 Q.E.D
FLY when we hit 12,000 can we post porno in the pg?
Basically the PPT is the Millennium Falcon of the stock blogging world. Feels like it’s made piecemeal from scrap metal out of a hobo’s shopping cart, and the warp drive may or may not kick in, depending on space alien magic. Then again, it can make a K-cup run in 12 parsecs.
Holy Christ, man!
It’s hyperdrive.
HYPERdrive!!!
I thought God loved the Tampa Bay Rays because he put a team in St. Petersburg otherwise known as God’s Waiting Room.
Sould we buy more FTK before earnings next week?
Not sure what just happened but scalped almost 1% in about 10 seconds in PAAS.
It’s all BS.
See my post from last night about the $HUI looking for a rebound.
It’s up about 2.4% right now (which you would see if Jeremy would link that index to the quote provider.. .ahem , a-harum…)
Also, the iBC Newsbot 3000 claims gold is up because Korean ships are firing at one another.
How you like dem appers, Hans Brix??
_____________
So which side is Obama on?
North Korea?
DISCLAIMER: THIS IS NOT A POLITICAL STATEMENT.
this market is trully snorting crack. Unemployment hit increased in 27 major states and we are up.
http://www.cnbc.com/id/36050839
I guess I got to eat more sandwich for a while.
“Snort Crack” as Kim Jong Il is p-ssed that OUR commies are getting all the headlines (see above).
________
If the shadow near your urinal is pointing up, buy-buy-buy!
If it’s pointing down, eat a sandwich and take a nap.
Covering SMH short for about 1%- probably early but looking at DGP (2Xgold) for a daytrade.
It could be a very interesting weekend. Be prepared. DGP sounds good.
More great news for the mortgage insurers today.
http://finance.yahoo.com/news/Govt-unveils-plan-to-shrink-apf-831009003.html?x=0&sec=topStories&pos=main&asset=&ccode=
Yen, Euro, and Pound are getting crushed. Peso is starting to get hard nips, perking up a bit here. Franc is dropping off and the Canadian dollar is just about at parity again. With steady oil and CDN parity with the USD, I wonder if there’s a shorter term arbitrage/pair trade here?
Sugar, ethanol, and natty continue their spiraling to Earth’s core, where Karl Denninger has a panic room.
KD Panic Room….Blue Blazer Required!!!
Good post, senor.
This mellow side you is somewhat disconcerting but I’m warming to it.
I know you are not into technical analysis, Flyman, but I found it interesting that many of my leading indicators were about to roll over today and then we get a news item that makes the market move up and away from the knife edge.
This, to me, means this market is very bullish and that we are going much higher than this. Who cares how or why anymore. We need to see Joe Sixpack off the sidelines and in the market before this even has a chance to turn lower, IMO.
The New World Order is kicking into high gear and international corps are smelling heavy heavy profits for the future. Just a wild-assed guess.