I don’t give a shit if the market jerks off all the way to Dow 30,000, amidst an inflation nirvana. That shit is fucking nonsensical bullshit. Stocks don’t go up due to hyper inflation, especially when dealing with DEFLATION on a biblical scale.
You’re fucking retarded and a wholesale idiot. The world is falling apart and Turkey is gonna drop a nuke on Israel, right after Israel blows up their entire airforce.
Just sell and eat a sandwich.
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fig
Word.
Yeah totally – you’re a space magician fly!!!
Shit happens. Quit playing casino with the rent money.
SHUT YOUR FUCKING MOUTH YOU LOSER
Who the fuck are you talking to?
yep…. I with you on this.
Bring on the fortune cookies, especially for MCO.
I totally got ATPGed by this stock. Entry was in mid 14s and I averaged down in mid 12s but looks like this is going to 0.00 very soon. fly are you still holding your position? I’n thinking of taking the loss and moving on but then again i dont have crazy gains like 30% for the year – with being down about 5% for the year so far and 1.5% contributed by this atpg fuckeryyyyy
you said before there was gonna be a short term rebound? did u totally change ur mind?
It was there. Just very short term.
My genitals agree. Your mom made me a Tuna sandwich; fucking whore needs to wash that shit.
SPX 900 bitch fools …
Please see fit to ban yourself.
Le Fly, you just gave me a boner
me too
It’s too bad we don’t have someone to deal with all this shit, like a President of the United States or something.
holy fucking shit bags batman!
http://www.guardian.co.uk/world/2010/jun/01/storm-agatha-hole-guatemala
What happened, did the bots pull all the bids out from under that building? Wow
you think the flash crash was some crazy shit…. just wait till a nuclear warhead goes off! 100 S&P points in 5 minutes will seem tame and orderly!
maybe then we can have true and accurate price discovery of Procter & Gamble.. anybody want to take my $5 offer?
Elan
I changed places friday. Read my post
This blog has gone full stupid . . .
Ah, Now you are learning to understand grasshopper. The market is full-on stupid. We are merely mirrors of this fleeting reality.
what Cebu said. market makes crowd of stupid fools.
Stfu
Le Fly is right. No way we’re going back to Vix in the teens with all the crap that’s starting to surface.
We are indeed heading into a deflationary downtrend, if not a deflationary spiral…
It takes a lot more than printing presses and an easy money supply to trigger inflation; where is the rising consumption and the increasing demand pressures?
Inflation is relatively easy (for the US) to correct; we have NO readily available cure for deflation at this time.
Fly is right.
You mean besides monetizing debt, and other open market chicanery?
___________
Well, monetizing the debt can only fly solo until we begin to have trouble borrowing to pay the interest on our borrowing, a trap that demands major tax increases coupled with massive spending cuts.
In the current atmosphere, high-powered easy-money has NOT led to hyper-inflation….
It will however lead to the very bitter prescription of austerity, as out European cousins are in the process of discovering. Austerity is deflationary…
You think the pols are going to choose austerity?
Really?
_________
Therein lies the rub… It won’t be a matter of choice.
There will be no other (acceptable) options.
Dicks to Doritos, China’s PMI fell in May more than the expected mean.
It did that last month too…..yet JAPAN is hitting a 4 year high this weekend. Later on we get the euro PMI’s…they have been giddy like Japan and above estimates…tonight will be interesting. Also, China said screw you about that 3 year delay on property taxes tonight….it is open for discussion…Shanghai Comp is testing recent lows and Shanghai Copper is down big….
Every single financial blog is screaming sell or run away
Should be fun seeing where this goes
Sure is a lot of negativity out there, no?
Close… or worse? … than March 6th ’09 levels…. according to Goepfort.
___________
Blogs are stupid
Agree! This shit just ain’t worthit! The whole house of lies and fuckery is gonna come crashing down eventually…its not a matter of if, but when.
Ecb reporting massive spike in banks parking cash in overnight facility
CANCEL ALL ORDERS
Lol @ BP. Down 15% in London. Those cocky mofos deserve a low 30s handle. Watch for the great widows, orphans, pension fund sale when that juicy dividend is cut.
Ha I owned that for like 12 hours. Don’t know what I was thinking, was lucky to only loose a few %%.
“@ BP. Down 15% in London. Those cocky mofos deserve a 3 handle”
Fixed it for you.
Oil spewing for 2 more months from that murderhole will bankrupt BP, plain and simple.
180 billion dollar company to bankrupt you heard it here first.
I heard that other places first.
So what are you saying we should do, Fly? Enough of this understated doubletalk!
If u need me, I will be cruising in the FAZmobile with Michael VXX.
See mr president for advice
Diving even further into those than on Friday?
I am like 50% long, 5% FAZ and 5% VXX. Think its worth getting further into those at this point or just raise cash? Still have that 15% hedge target I think you mentioned Friday?
Walter, the man said to see me for advice.
And my advice is this:
Do what you think is best.
Well Mr. President, with all due respect, thats a little circular.
We visit iBankCoin for gems more along the lines of “This is $%^$%%^ $#%$$$$#%. Just bought a bunch of VXX and I am 125% cash, now Im gonna go eat a steak you drooling plebes”
While you were out, canada reported highest gdp growth in ten years. 6%!
However, … Who gives a fuck? Yesterdays volume on the tsx tells all the story that needs telling; nyse IS the market.
I, for one welcome our market overlord.
$TSX volume almost put me to sleep yesterday. Oddly enough, every single one of my longs is up this morning. For now anyway. Go figure. Long live gold.
Santelli going apeshit again.
FACT:
The bearish sentiment comes from the fact that people watched The Road over the long weekend.
the road s so sleepy man
FACT:
Black bears weigh between 200 and 500lbs. Brown bears weigh between 300 and over 1000lbs. Black bears run away from you. Brown bears run at you.
When attacked by a bear, simply lie still on the ground and cover you face and your head with your hands. When the bear is done mauling you, contact the US forestry service.
Picked up some TZA for shits and giggles.
I love it when everyone panics…even the fly.
We will not reverse today
so you are advising not to buy the dips then
and i guess you are also suggesting i will not get my 40 points
i am not liking this.
Mr. Huggie,
The best thing for you to do is this:
Do the right thing.
Are you sure?
I think it’s more likely to turn lower before it returns; like previously stated; look for down in 9k range; a slow slide, but much more likely: increased volatility to a steep decline for the summer in this pansy market.
All this hype and bullshit is scaring people; wait until something actually happens like Fly said; they will shit bricks. USA = Pessimistic; I play odds.
Hanging around, hanging around…….kid’s got alligator blood.
Fly, tell us more about your PPT. Is it sufficient to have an intra-day oversold/overbought indicator, or end of the day? When you present your PPT chart, are those intraday PPT values or end-of-day values?
Yes indeed sell but BUY IMAX
http://henryfoolspicks.wordpress.com/2010/06/01/the-imax-experience-uses-amc-to-spread/
the slow-trade-machine of the sec is the worst show to see ever in a life
RW Pelican sub contracted me this weekend to beat the pus out of BP personel. Many thanks to you RW, willing to go to louisiana again coming weekend for more wet work, call as needed.
Hey dwight, when the bear rapes you, call wall street!
Market reacting to good news…..hmmmmmmmm
The ISM thing? That was moderately good news at best. Today is screw the bears day, so that was just an excuse. On a day with negative sentiment, it wouldn’t have mattered a bit and we’d have sold off. So importance of “news” is overstated IMO. Sentiment and panicky bears/bulls matter more.
Actually Eur/USD held key fibo last night and even Shanghai held support, so we will grasp on and try to push this dead bull up the hill again…imho
Fly money management strategy
http://www.youtube.com/watch?v=I8wLwKPMFec