The reflex rally is getting heavy, especially on the books of underwater hedge fund managers. As they read this post, their palms are getting sweaty, for they are down more than 5% for the year, having squandered early gains. In an act of desperation, these jet setters double down on atrocious bets, like X, MON and FCX. You see, they, like many of you, are religious with their investment thesis, sucking the dicks off quantitative easing via large directional bets on “reflation.”
On the other side of the coin, “The Fly” is relaxing in a balmy office, where palm trees reside and asinine little trinkets litter my fucking monstrously large mahogany desk. I do not have a care in the world, despite it crumbling all around me.
As I conclude this post, the “Magical Support Level” of 1040 is approaching, yet again.
Do you think we re-test the lows set in March 2009? You still head first 100% in tza?
No.
Yes, I am still headlong in TZA
re-test? fuck yeh we re-test…. re-test and blow thru it quick as a bitch down to levels where we will all be jumping back on SWHC and RGR again, if you know what I mean…canned goods style.
don’t cha know,
Yo Artist, you might enjoy googling “end of days” as I did the other day. You’ll find lot’s of interesting sites with discussions about how many thousands of rounds you should stock for each of your weapons …and you’ll enjoy sites like RaptureReady.com
I just don’t have the time to google much these days….gotta finish building this underground bunker and stocking it….
ha ha ha…
no seriously, I feel we go below 6600 in the DJIA this next wave, and it will not be the end of the world.
$MCO just stuck thier dick in the mkt. news of possible down grade Spain. bet the bitches are killing it with their trading machines.
so buy Puts on whatever these desperate hedge funds are long. liquidations shall ensue.
MGM and LVS come to mind…
[disclosure: tis not a far far better thing that I am not short these mofos]
I’m laying around in my Pjs on a sofa w/a notebook on my legs and another one w/in reach. I could go into the pool but I love this better.
tell us more
you go into a pool in your Pj’s?
____________
it would read so much better if it went:
— I’m laying around in my bikini on a sofa w/a notebook on my legs and another one w/in reach. I could go into the pool but I love this better —
lol…you guys… your right Artist, I should change if I want to go into the water
A change of name to Tradingnympho would also be much appreciated.
jimm (y) is spitting monster energy soda all over his monitor after reading Broker A’s latest posting.
Funny indeed
:golf clap:
DOW 9K, and beyond.
If you turn the S&P chart upside down it looks like a very bullish setup ready to break out
Maybe that’s what Charlie Munger meant by “invert, invert” … the secret to Berkshire’s success wasn’t genius, it was looking at the charts through those coke-bottle glasses of his.
Tip for TOS users(if you’re not aware) – add ” – ” before symbol to see chart upside down. (i.e: -BP)
Ctrl+U does the trick as well if you don’t want to lock in upside down mode.
Joe Cassano from AIG’s Financial Products Unit says everything will be fine… Trust him, he’s never wrong.
I think he might have said we can hold the 1040 level.
rotfl!
WTF??? He lied!
da Flea, most certainly, has a way with words.
“the “Magical Support Level” of 1040 is approaching, yet again.”
this reminds me of a scene from “saving private ryan”, you know, where the german soldier kills the american with knife and while pushing his knife towards and through his chest he comforts the other guy: hush, everything is gonna be ok, just let it slide…
There are legitimate fundamental reasons for the dollar to rally. Geopolitical tension alone can keep a bid there. There are also legitimate reasons for the Yen to be doing well.
But, there is no fundamental reason for TLT to be trading this high.
When I was extremely bearish above Dow 11k, The crash in TLT was one of my main motivations. Now that TLT has gotten absurdly crowded long–it could provide support for equities. TLT has crashed and rallied several times on zero catalyst. No reason it cant hit a brickwall ceiling here on pure mania
http://hbmortgageoracle.files.wordpress.com/2009/02/titanic.jpg
That picture demonstrates exactly why you should sell TLT. Bonds aren’t laminated. In water, they revert back to recycled issues of “Tv Guide”.
Poof! Your bullshit 1040 is gone.
that means a crash is assured the next 5-10 days.
“This market is very enigmatic”
—Anthony Scaramucci
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