Can you please stop pretending you know what’s going on? Wait, let me rephrase that, since some of you are really dense. Can you shut the fuck up already?
One month ago, everyone was predicting the end of the Euro as we know it. The dollar was charging higher and the market was sucking horse balls. There was a record short position in the Euro and the funeral arrangements for the EU was being coordinated. Then, something odd happened. Holy fuck, a short squeeze! People got fucked inside of their smart cars, short Euro, amidst a historic run in the bullshit currency. As a result, the dollar has declined by about 10% and the market has increased the same amount.
Hmm, that’s interesting, isn’t it?
It’s all bullshit people. Just as the Euro was dead in the water last month, as we speak, the same people are making funeral arrangements for the dollar. Pleasssssssssee, shut the fuck up. Thank you.
There have been some very interesting cross-currents, especially in oil, yen and gold. However, for the most part, the run on the dollar is all related with risk being “back on.” It’s as simple as that; go ask your local European banker for confirmation. Now, if you want me to believe, after a 1,000 point rally, the market has a lot of room to run, you are kidding yourself—for I do not believe in anything, especially sustainable trends. We are in the final month of the summer. Most big traders are on vacation and the junior guys are coked out of their fucking faces, acting all retarded and shit. It is my belief, as I am entitled to have opinions, the market will pullback in September. Actually, this is quite funny, me having to beg your pardon to voice an opinion.
Also, it’s important to note a point I’ve made here 10,000 times: I am not short stocks. Although I may bitch about how overvalued they are, I have more longs than my singular downside hedge, VXX, almost by a factor of 2. There is a big difference between airing an opinion and taking action. I hope some of you will continue to offer counsel and subsequently fuck a bag of fresh clams.
“The Fly” does things with panache. He is making a list and will be sure to eat everyone’s livers, before the summer ends.
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FIG!!
I find it curious that the fly’s whereabouts could not be accounted for, when an unknown individual tossed a lit firecracker on Ahmadinejad’s lawn
http://news.yahoo.com/s/nm/20100804/ts_nm/us_iran_president
Definitely a factor in this FX Dollar rally. It is all starting to make sense now. Starting WW3 is a small price to pay, for winning an argument with Jake.
Zionist churl!
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“zionist churl” sounds like a delicious margarine spread.
I’ll have to try it next time im at WFMT
You can find it in your dairy aisle – right next to the Cheezus of Nazareth.
LOL. “Cheez-its of Nazereth?’
Reminds me of my Dad, who eschewed profanity during Giant games by substituting “Cheese and Crackahs!” for the more blasphemous epithet.
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In the cereal aisle there is also a great new taste for evangenicals: sugar-coated Christies!!
It’s not just for Communion anymore…
Grab a bowl of Christies today!!*
*Neither re-creation of the last supper nor eternal salvation are necessarily implied. All rights reserved.. Tastes great with Drank.
Braveflaps on mega-roll. Ha!
cheeze n rice is what we used to use back in the day as kids.lol
Great idea! Put Fly to work on Ahmadinejad’s lawn. That’ll piss him off. New US secret weapon!
I appreciate your work very much
SD reports later today.. I need some good news
“Actually, this is quite funny, me having to beg your pardon to voice an opinion.”
ROFLMFAO!
Thank you kind Sir!
Fly is the almighty stock god!
Fly – I believe the problem is a matter of reading comprehension. Maybe Jeremy can change the spam protection from a mathematical problem to a reading comprehension problem. I’m sure that would weed out at least a few of the pretenders.
but really, JPY has been going up for a while now.
It has been going up since May. If you recall, the market was bad from May to June. The odd part is no pullback since then.
Why?
Action continues to be bullish for now.
We have a very nice wall of worry to climb.
Actually,there is no such thing as “wall of worry.” But it’s a nice thought.
How to eat human liver.
Cut the liver into strips and put in the pan with some oil.
Cook about 4-5 minutes.
Slice a couple of onions and throw it in after the liver has turned slightly brown.
Add a couple of minced fresh garlic cloves,a tad soy sauce, 2 tsp. sherry and 1 tsp. sugar
Cover and simmer on low for 10 minutes.
You forgot the fava beans.
Fack, you got there first!
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Sorry.
Serve with fava beans and a nice chianti.
And a nice chianti.
Would it work with a a cold Natty Bo (National Bohemian) or Milwaukee Best beer?
Correuct, the double top in the dollar in mid June of this year at right around the price it had topped at both the end of November, 2008 and the first week of March 2009 has nothing to do with the current rally in the markets.
It’s all just a silly coincidence! Ben Bernanke hasn’t engineered this entire bullshit recovery at all, it’s been based purely on fundamentals!
(/sarcasm)
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Serious now:
Yes, “risk is back” on, because the fucking dollar carry trade is back on.
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Here’s what gets my veritable goat…I trade IOC for 8pts …I’m happy to book 80K…It takes 2 weeks…Still happy…some mutha fucker BUYS my stock yesterday and does it over night….Well now I’m mad and now I must sacrifice my goat to appease the trading gods to allow The V.King to book preposterous day trades…All hail the day trading gods….fuckers
Just let us know the next time you sell something.
Just remember Fly; when they hate, you know you’re doing something right.
How about you designate one of your PREMIUM Bloggers (or one that SHOULD BE) to rant about currency on a somewhat timely fashion..??????
Possibly if someone WAS paying attention they would have seen the YEN go for strength before the actual market started tanking…earlier…like a day before.
Its those little DETAILS that pay off sometimes
I nominate Ozzie J.
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Fly,
I’ve said this before, you have the best bloggers to back you up on any financial website.
You all provide a unique perspective on the markets.
Can’t ask for more than that.
Thanks!
I appreciate the complement….I will let the rest of the guys know when I walk over to the water cooler.
I think he was referring to the Nymph – ellipses and all.
lol, you know that darn India/China Ore was up again last night……………………so, With China Stress Test coming Banks won’t lend at all cuz they have to get money on their books FAST or be shot……ouch, lol. Anyway, F/X reacts to commodities…..so how can anyone believe that China will be REALLY wanting or even have the money to buy the stupid run up in Iron Ore that India has been playing w/ by slowing exports of Ore???
gahw, so pissy. somebody’s having their man period. we’re just happy making all this money, the economy is fine, all a big misunderstanding.