From my citadel, the market can go either way here, with breadth split down the middle. But, over the past hour, the bears have mounted a bit of a rally, repairing some damage in important sectors like metals and tech. Nevertheless, it’s important to remember the market is always out to get you. Next thing you know, stocks do a reverse somersault triple lindy off the back of a fucked up diving board and lands on its face, leading to a really bad ending. Or, perhaps investors drink the cyanide laced Bernanke Koolaid, sending shares “moonshotting” higher, accompanied by purple horses and yellow donkeys.
As for me, I will do shit, mind you, until I am good and ready. I’ve seen the best of times and the worst. This shit doesn’t faze me. Let’s see 400 point swings then I will tap dance for you fuckers. I will tap dance a nice jig for your internet entertainment.
I’m still long C, GS, iBN, FTK, SD, HEAT, GLDD and TEVA. My cash position has been dwindling down, as I position to be long 20%+ VXX. TZA is all personal, so not really relevant in the big scheme of things.
At any rate, get ready for misdirection, followed by lies and propaganda. Oh, good luck trying to figure all of that shit out and how it pertains to your little portfolio.
UPDATE: It’s raining oil!
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Fly,
What did you just say. You are only 20% long + vxx, or is vxx 20%?
about 20% VXX
unless of course we have the ppt in which case future market direction is much more certain….
My broker is EF Hutton, and EF Hutton says….
your broker is lieing to you whomever he is, EF went out of business decades ago
Is that everything you are long? Or are you long those names, plus others….and I thought you were long TLT?
Not long TLT, just an observation about rates.
I own a few other stocks
O’bama goes over Karzai’s head & axes McChrystal …. let’s rally ! 8)
I’ll take two glasses of the Bernanke Koolaid!
I’ve always said, there should be a statue errected of Mr. Bernanke… he never lets us down
A statue of him holding a Coach bag, like Tinky Winky.
If it’s raining oil, won’t the oil companies then have a right to sue the individuals who find company oil on their property?
Better clean that up, right away.
LOL.
We’re all gonna be rich. Get your buckets out.
While 75% short with DRV and paired long w/ SD, “misdirection, followed by lies and propaganda” with a few body shots of “Bernanke Koolaid” still seems to be the path of least resistance.
Been seeim lots and lots of vips around our plant the last few days and all of em are talking contracts and buying machinery!
anyone see what’s going on at wimbledon. Mahut v Isner in the fifth set. 43-43. been going for 8 hours!
Fly, Jr. is one of the ball boys.
Price……..And Only Price Pays. Who gives a fuck about all the other bullshit….
Very much looking forward to the Jig. Please include the “VXX Shuffle” move.
http://www.grist.org/article/2010-06-23-gulf-oil-leak-gushes-unchecked-after-marine-robot-collision/
Out BGU from 46.39 at 47.40. Now 2/8ths total long committed in portfolio.
An ambivalent 50/fifty stance should work into close.
http://www.youtube.com/watch?v=dQ8LS_AzgYI
Now the Bible makes sense: The widow was from Louisiana!
————————————————————————————-
“Now there cried a certain woman of the wives of the sons of the prophets unto Elisha, saying, Thy servant my husband is dead; and thou knowest that thy servant did fear The Lord: and the creditor is come to take unto him my two sons to be bondmen.”
“And Elisha said unto her, What shall I do for thee? tell me, what hast thou in the house?”
“And she said, Thine handmaid hath not any thing in the house, save a pot of oil.”
“Then he said, Go, borrow thee Vessels abroad of all thy neighbours, even empty vessels; borrow not a few. And when thou art come in, thou shalt shut the door upon thee and upon thy sons, and shalt pour out into all those vessels, and thou shalt set aside that which is full.”
“So she went from him, and shut the door upon her and upon her sons, who brought the vessels to her; and she poured out. And it came to pass, when the vessels were full, that she said unto her son, Bring me yet a vessel.”
“And he said unto her, There is not a vessel more. And the oil stayed.”
“Then she came and told the man of God. And he said, Go, sell the oil, and pay thy debt, and live thou and thy children of the rest.” (2 Kings 4:1-7 KJV)
oil is like round up, if a hurricane does come in and stur up the oil and rain it down inland, everyones lawn will be dead, grass, flowerbeds, baseball fields, track/football fields etc…..
carry on.
Does that make Scotts (SMG) a buy? Gonna need some good fertilizer to redo all those lawns
…but the sliiiiides into 2nd
I don’t know, but, I don’t think it was raining oil. That oil was probably coming up from the sewer, not down from the sky. So one of us is starting a rumor, him or me.
re roundup is getting cheaper. Chinese built a factory for the stuff that can produce many times the worldwide demand.
nice bull trap
Drainage, Eli
While everyone’s focused on oyster supplies, Israel is moving into position to strike Iran.
I have a hard time seeing how 150 dollar a barrel oil will be deflationary.
http://www.israelnationalnews.com/News/news.aspx/138231
http://www.jpost.com/Headlines/Article.aspx?id=179274
More likely those are misdirections in order to get the Arab an Iranian press all sweaty and to hurt their cred with the locals when the attack doesn’t occur. Second purpose may be cover for the ongoing Gaza slaughter, E Jerusalem land grab, or perhaps for an attack on Lebanon.
you’re good, alinsky taught you well.
I’m driving around phoenix lookong at houses that sold for 350k 4 years ago that cant got offers at 120k now.. Crazy but good for me..
what till those very same houses are 55k, 120k is only the halfway mark.
we’ll re-visit this topic in 24 months.
there will never be peace in the mid east
http://www.youtube.com/watch?v=vN7ehccspao
Is that Woodshedder in this picture?
http://littlegreenfootballs.com/weblog/img/jeff_in_ohio/2010/06/23/WTFAmerica.jpg
That’s great. Gives new meaning to “Bang bang you’re dead!”.
Market needs to see if Rudd will stay imho for a clear direction….also, 5 year auction sucked today…why will we think that 7 year tomorrow will be better?
What’s the chances the market reacts to the Fed 24 hours late… many Fed meetings are followed by choppiness till the close and then a decisive move the following day.
Maybe everyone will be talking about the “free money” ie. no interest rates and say party on tomorrow?
Money is free! (if you have a 720 credit score or higher of course)