iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Roaches in Your Raisins

You’re over there, all comfortable and shit, watching some delightful movie in 3-D, while picking at a box of raisins. They taste quite delectable. As a matter of fact, they taste so fucking good, you offer one heavenly raisin to your wife, saying “honey, OMG, you must try one of these, they are sooooo good.” Much to her horror, your fucking raisin has antennas and its legs are scurrying about trying to break loose of your fucking grip!

You’ve been eating roaches the whole time, you sick, perverted, son of a bitch!

The same shit applies to this market. All of the earnings and growth numbers being reported: fucking lies.

I read the comments section here and see many of you make excuses to lose money. You bitch “awww man Fly, just yesterday you liked stocks and now you don’t. How can I follow you when I have to work and do not have time to do trades during the day?”

Oh really? You dumb son of a bitches don’t have lunch breaks? You mean to tell me your life savings or investment nest egg is not priority? If so, pal, you’ve come to the wrong site. Plus anyway, I’ve been telling you fuckers I would start to sell off my longs, as The PPT approached OVERBOUGHT. I told you I’d add to my EDZ/VXX positions. Furthermore, I told you when the market reverses, it will not be a one day event.

Quit making excuses for mediocrity.

In closing, the market is one big roach.

Having said that, I sold out of my BAC position and added to my EDZ.

Today’s tell: FXY

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54 comments

  1. The Zombie

    The Fly is God

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    • dumas

      I dunno, but somehow it’s just better when you do it. Nostalgic I guess.

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  2. jg

    ditto

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  3. xxxHuggieBearxxx
    xxxHuggieBearxxx

    PPT don’t fail me now. Deliver me from evil and the sins of these ungodly thieves.

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  4. Jayla

    I feel like we are going tp bounce here, even though there is every reason to drop

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  5. WSJC

    is that burgess meredith? classic.

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  6. panamaorange

    Only thing safe is gold. Even “Minor” mideast conflicts caused gold to decouple upwards from the market.
    I don’t like gold personally. I can’t stand “gold bugs”. But, these charts are hard to argue with. IF Korea/Iran don’t stabilize very quickly—gold can only go flat or up—-regardless of the coming dollar rally.

    http://www.incrediblecharts.com/economy/gold_oil_ratio.php

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    • Spicule

      You linked to old charts, the current barrels of oil/ounce of gold is closer to 15.

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      • panamaorange

        My bad

        next time i will attempt to link to charts from the future. My supercollider wormhole generator hasn’t been working lately.

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  7. Jakegint

    Long or short, one thing you can be certain of during lunch breaks is that the Fly hates him some Bosnians.

    True dat!

    _________

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  8. WSJC

    Sliding into the FAZ – mobile dukes of hazzard style…..love the cockroach analogy!

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  9. Sum_Ting_Wong

    Who’s the oil genius around this joint?

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    • WSJC

      sell rallys today, 8$-$9 range here to stay for a while. (70-80 range) until equities and economy turn the corner

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  10. chivo

    Fly,

    Do you think equities are driving other markets or other markets are driving equities?

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  11. Yogi & Boo Boo

    Dr. Picasso is on a roll. Even more entertaining is how the comments support the premise of the post. Brilliant! You’re really posting all of these comments, aren’t you?

    BTW, another thank you is in order. This week I’ll surpass 2009 gains on a dollar basis. Still working on the percentage gains. PPT 4TW. It’s like having a printing press in the basement.

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    • The Fly

      Yeah, aside from blogging and performing art all day, I take the time to post 300 comments per day.

      You are even more delusional than I thought.

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      • Yogi & Boo Boo

        Totally. 🙂

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      • Frog

        My willd guess is that he was joking. But communication is confusing on the Internet sometimes. On the phone, voice tone might tell U if someone is kidding or not,. Or in person they might have a big grin on their face. But on the Internet, who knows what the typer of the messages is doing? They could be jerking off, committing suicide, anything, and U might not be able to tell. They could be 10 years old, or 98 and Alzheimerish. I love the Internets but they do have their limitations.

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        • The Fly

          Ok. I will call Yogi right now and set up some video conferencing.

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          • Yogi & Boo Boo

            I’m going back to the den in the PPT. I’m laughing so hard I cant type anymore, and I can’t see my screens.

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  12. ruggyup

    My pet owl is spreading her wings. And even Minerva respects The Fly. This a.m. took their signals and banked some coin. Thanks boys and girls. Potere è meglio di fottere!

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  13. checklist

    just thoughts on marketing the service, which as I have mentioned I quite admire, consider their value $0.01 less than the price charged. Wasn’t talking about myself, or, probably, most who read this in real time, as anyone doing so isn’t likely in those circumstances. 🙂

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  14. The Fly

    ZOMBIE CRAMER.

    Please do not touch that Cramer ad above, for he might take a bite out of your brains.

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    • drummerboy

      fly, whats up wif da cramer ad,i saw that face,and jumped outta my skin.is he the new gargoyle roflmfao

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      • Jakegint

        No joke, he looks sick. I wonder if he got to look at that ad before it was okayed?

        _______

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        • drummerboy

          hey jake,over at twits.james altucher posted his latest about gold in his column. commentors are really taking him to the task,you ‘ll get a kick out of it.

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    • jjjsix6

      I think it’s funny that Cramer once sent Fly a cease and desist letter and now he advertises on Fly’s blog.

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  15. Milktrader

    I’ve said it before, this market is a Bermecidal feast.

    Love the cockroach visual. Good story.

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  16. tgarfield

    I guess your not all in today?

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  17. The Sax

    The plural of “son of a bitch” is “sons of bitches”. But I imagine HORATIO might say it like “SUNZA BISHEZ (sic)”

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    • Jakegint

      “Sunsabitches” — my late grandmothers’ favourite epithet for her (perceived) enemies (and they were many, let me tell you).

      Ah, nostalgia. Good times.

      ___________

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  18. Ix

    So . . . you gonna eat that “raisin” or not? Dip it in yogurt, market it as a healthy snack. Rake in millions.

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  19. gsavli

    Oil also down again. Interestingly enough, TLT up. Topping process, i guess.

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  20. noodle

    hey stupid bears, embrace the squeeze

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  21. fogdog

    EURJPY wants to work to 120 (w Yen doing most of work), Oil won’t go down on crummy inv #’s, copper speaks for itself, bonds not rallying on this “pullback”, and gold down maybe b/c the world not about to fall apart (yet), street pricing mbs deals, junk issuance up and despite what the CDS casino says credit is well bid/fine…What about upside protection here?

    OIH has been and still in my tell…

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  22. Vegastrader

    I love it. Buy more EDZ and TZA.

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  23. TA

    WTF?!?!

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  24. Rand

    Bring on the RAID!

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  25. Asteroids

    Wise words from Mr. Le Fly. I was reflecting on more of his wisdom recently about how this market is a meat grinder.

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  26. TraderCaddy

    Two days ago I was going to make some black beans and rice to go with my grilled chicken (Miami Cuban style) when my wife said to look at the bagged rice.
    She said there were a few black specs (looked like roach droppings).
    I said we’ll just put more hot sauce on the black beans and rice and we won’t notice a thing.
    She said no deal.

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  27. xxxHuggieBearxxx
    xxxHuggieBearxxx

    LET THE BEIGE BOOK RAIN DEATH AND DESTRUCTION UPON ALL AND EVERYONE

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  28. 005leahcima

    “FREEEEEDDDDOOOOOOMMMMMM!!!!” scream the bulls. But, are they about the charge and defeat the bears or get racked?

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  29. Trading_Nymph

    You know what I don’t get at all, Why do so many Fund Managers want to be spoonfed so much? None of them seem to do any work at all, and I don’t count them reading Spoonfed stuff work at all. IMHO the research is the funniest part of all of this….I love how all the moving pieces come together…sort of like a Picasso or a perfect Basket in Basketball, etc…..but that is just me, and I am a bit strange…

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    • panamaorange

      Many fund managers have an IQ of 100 or below. They are “Fund managers” because they trust fund babies, and don’t like working more than 10 hours a week.

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    • Frog

      When someone hires U, they tell U what your job it. For fund managers it is doing nothing. I guess it must be like CNBC anchor. You have to pass the mirror test (be able to fog up a mirror) and then you must have to be related to or friends with the right people, because anybody off the street would gladly do that job, and yet only some folks are able to get it. Personally I think they should have to hire homeless people who really need the salary.

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      • Trading_Nymph

        lol, you forgot the “look” that they must have…maybe if you send the homeless people to have beauty make overs, so they can look like bland oatmeal in a suit we could have something…….lol, at least a real cool reality show…..here is the pitch, “we are going to take 10 homeless people and start up a investment fund…lol…could work you know.

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    • The_Real_Hmmm

      Who takes the risks as the fiduciary?

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      • Trading_Nymph

        Actually they are spreading out the risk by saying they relied on expert advice of the sell side analyst…protects them from lawsuits I guess.

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