Let’s take a ride in Senor Tropicana’s time machine to April of last year and view the rather one sided battles between “The Fly” and “The Readers”
Exhibit a (bet against me, see what happens)
Exhibit B (the day I sold most of my inverse ETF’s)
Exhibit C (called the bottom in semis)
Exhibit D (the day HORATIO CLAWHAMMER died)
Exhibit E (100% cash at the March lows of 2009)
Exhibit F (called the bottom, like it or not)
Caveat: Believe you me, posting 5 times per day leads to saying a lot of shit, some of which is just whim of the moment stuff. My point here is to demonstrate, via past pivotal moments in the market, how people were responding to my controversial moves and how they eventually panned out (my best year ever was 2009 with a close 2nd being 2008).
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Señior, how much downside do you see? I assume your calling for more than just a 5-7% pullback? What would it take for you to change your sentiment?
10% from these levels.
I can predict all sorts of stuff now, but thats useless. Things change too often
Authority Zero muthafuckas.
http://www.youtube.com/watch?v=96hyKr20OC8
You provide a service Sir Fly. A top of the line one. Many thanks to you and your crew.
Dear M. Fly – No need to validate your genius. You are the only one keeping score. History is mothballs.
Unless it’s an old Hitchcock or an old Green and Green or an old LilyPulitzer plucked from the racks at Goodwill. The 80’s.The 90’s. Never happened. Day afer manana on hold. Cheers
Impressive. You are always on top of your game. I was wondering in the mist of this ridiculous melt up if the resurrection of Horatio Clawhammer would take place, but in light of the current environment it would be suicide to press short so tip toeing in the water is probably a solid bet. I won’t bet against this tape, but in my view at some point there will be a serious price to pay……
Trading volume sucks and to me that says about all I need to hear.
Is volume still not historically high? What are you comparing it to?
Not from 2009, but how about this one http://ibankcoin.com/flyblog/2008/08/09/another-july-bottom/. Probably the most prescient call of all considering it was basically the last chance to get out alive before Labor Day 2008.
I was up 1.49% today. Just with simple long shit.
I had “Big Dicked Gains” as well … much to Fly’s chagrin no doubt as he waits for his dividend check.
I enjoyed the death of horatio clawhammer greatly. Try not to keep steve the neighbor awake by kicking your dog all night sunday night as the futes roll in and you watch vxx and srs go down the toilet.
Markets do change, and sometimes something that seem so easy becomes difficult. Like everything you have to be flexable enough to change when it is required.
Milk The Banker!!!
Vacancies are mounting round here? What does this mean?
Why is Sugar Down? Can we go up 40 pts a day forever?
Is their really 1.3 billion Chinese..if so their Census would really be a bitch, no?
Hey Fly do you remember when you let Peaches have front page access one weekend? That was awesome (in chris farley voice)
Willie the wessel and his cadilac ranch.
Willie the wessel and his cadilac ranch.
Best line: “Bravo. Bravo for the man who bought chips and won, then got mugged on the way home, by a gang of big booted clowns.”
Pigs get slaughtered. Trade the market you ignorant jerky boys the way men over 47 with market scars do. Selling services like the DPT (get fucked by the man you pay money to and mr market aka srs) is what this is about. If you cant think for yourself, hire a mutual fund not an idiot trying to top the market.
This rally continues…break of 11,000 brings big retail money in…we’ll see 15,000 within 18 months…buy & hold rules.
Big breakouts happening in EMMS, SBSA, SBGI, MNI, MGM…get on board.
To all of the naysayers, Fly is not your usual blogger. He has a time machine that works quite well. This is not to say that he doesn’t make any mistakes. FTK and SD are good examples of his folly. When he makes a call like SRS, I take notice. I have sold the stocks I held on margin thanks to this call. If he is wrong, so what, I will pick them back up again on Monday. If he is right, he’s going to save me some major cash. I am looking to pickup more ES, NG, and USU on any pull back. By the way, Fly called the exact bottom in natty gas stocks too. Thanks to him, I rode SD from $8 to over $10 in a month.
I bet the fly buys stocks higher again
Fuck Greece.
if the fucking market rallies on a Greece bailout, even though it didn’t go down when Greece was in trouble, I am gonna be pissed.
The market clearly knew this was in the works around the 3 PM hour…check the charts. In my opinion this is already priced in…
An interesting dynamic is how so many people are defaulting on their mortgages and using this cash to buy retail (ipods, clothing, cars, etc.). The banks haven’t marked these homes to market and isn’t in a rush to foreclose and add to inventories.
I guess the Fed plan is to keep a zirp policy in place until the balances sheets are strong enough to withstand the markdown…it has to come eventually…doesn’t it?
Btw, anyone following Japan? Seems that deflation is unavoidable for them:
http://www.google.com/hostednews/afp/article/ALeqM5iV4Pk6Ty-CGoOR84zQgvH_Idf_XQ
even though it didn’t go down when Greece was in trouble
Mother fucker, what??? The market dropped 8 fucking percent in February when all this shit came to light.
Fwlt should pop this week.
Semis in general looking good.
Any hints in what your system is watching? I don’t care about the stock calls…I am more interested in the method…I know you will never tell…but I am watching.
Euro’s up on the back of the the EU’s decision to support Greece. It won’t last as the next shoe to drop will be the rest of the PIIGS asking for their own bailout… “buddy where’s my bailout” is going to take on louder sounds.
Short term this will put a bid on asset markets I think.
Futures up 1200 here we come tomorrow!
I am soooo FUCKED!
Not looking so good for SRS right now, but the long night is still ahead of us. Asia takes its lead from the US, the real action will begin in Europe, and we shall see if Le Fly’s time machine has struck again, or if he’s been FTKd again. Good night Fly, don’t drink too much Keurig tonight waiting to see if you are FTKd.
Who gives a shit? 10,000 share of a $5 stock. Be real.
right behind you…excuse me…comin through….
You know what would be ironic? If the market corrected or crashed while Tim Knight was on vacation in Europe.
I do not wish Tim ill, just noting the timing of his vaca and Fly’s SRS buy.
I love how Tim’s shitty blog has turned into a bunch of guest hosts bitching about how the market should go down, while the Dope lemmings get their portfolios chopped in half. No more info on Tim’s positions, performance, etc. Just a bunch of denial.
Exactly 2 weeks ago, i flipped from bullish to strongly bearish
This was based on action in Bonds,Vix, Yen, and Dollar.
Also, new certainty that Russian/China iran sanctions would pass (preventing a sudden Israeli strike on Iran). 20.00 dollars of every barrel of oil is from speculators betting on that airstrike!. This airstrike has pushed back to 2011 at the soonest.
We didn’t need Greece to implode, for a crash.
As of tonight, bonds and yen futures should be gapping down. They’re not. Gold futures are only up 2 dollars over their high. Dollar index is refusing to break 80.00–after many attempts.
I’m seeing many claims of–
“The short side is too crowded !!!!”
I hope you’re referring to anyone shorting SDS here……
http://tiny.cc/m79he
20.00 dollars of every barrel of oil is from speculators betting on that airstrike!.
Bullshit.
Agreud!!