I am done playing magician for your people, at least for today. Sifting through the comments section of my blog, I can see why you look for advice: you have no idea what you are talking about. Believe me, it’s okay, since most of you are young or too old and stupid to understand how this market works. Over time, you will begin to see things clearly, or come to the realization that you need to hire someone to manage your money for you, else lose it all.
Into the weekend, my largest position is VXX. My largest long is GLW. Believe you me, I can hold my breath a long, long time, you fucking sea urchin.
[youtube:http://www.youtube.com/watch?v=R7boUa5FXBg 616 500] [youtube:http://www.youtube.com/watch?v=E1nbvplgElw 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
FIG again!
Very clever….
Could we go green?
Maybe they’re satisfied with 1115 on the day.
On this data WTF!
If it wasn’t for bad policy by the White House this market would have roared back 2 quarters ago!
Yes and things are going as planned and on schedule.
All I ask is for some Whey protien mixed with my Kool-Aid
May your wishes become true, my dear steroids junkee!
summer
are trying to be living proof that the market will stay irrational for longer than your solvency. pretty fucking daring boy
Dummy.
This is how you are supposed to trade:
http://www.youtube.com/watch?v=7KSGvWmjuZw#t=4m32s
Save your clever rhetoric.
lookin the slow mow of this market makes me sick
After ur TZA bloodbath…now u NEG?
Anybody else notice a certain recurring theme to the good doctors tirades lately?
If I didn’t know better, I’d say he didn’t like us
.
the Fly is extra spicy today……the Earth is getting bombarded by massive solar CME action…..it does affect us….
Fly is right –
PPT says 98% of you comment makers are fucking idiots –
Truth be told, those with the smallest brains have the biggest mouths –
The point is: Surf the wave you on, bitches
98% of you comment makers are fucking idiots –
including you
Which truth are you telling… Fly has a small brain or a little mouth?
it’s nothing short of very very impressive
as the Mr. speeks , we get a move on the other side .
life is surprisingly strange
(superb call.. chapeau)
So much market fuckery, TLT ripping tits to the upside as stocks rebound off lows.
I believe I am mind-melding with The Fly, as I am winning even though I am losing!
This really is taking a long time…..wake me when we hit SPX 1097ish….this India Iron Ore Spot really kept hopes alive this week on a market with so little upside left in it.
I so rarely know what you are talking about =)
Neither does she.
It’s you who don’t know what you’re talking about. Read Nymph’s posts to gain some understanding.
Thank you Steroids.
.. she’s likely one of a very few around here that knows how to sum up a firendly, weekly market brief .
trolls are bad for finance blogs..
Nymph , your work / perspective is nicely appreciated ( and I trade for real ) , not many can imagine the kind of work you put in to do it .
🙂
Starting to feel like old times again…Buy Friday morning selloffs, sell Monday afternoon rallies, take the rest of the week off!
Monday will be a sideways day, and the Fed will not disappoint. I wouldn’t want to be short this market right now.
today is fairly mind boggling based on my strategy
in a good way
Fly Have You Sent Out Your Invoices Yet Today?
Looks like the dollar was the tell…
Again!
_________
Todays price action in the market is extremely bearish. Seems again some very ugly candles!
huh?
The FED will save the World…In the meantime the uptrend lines have held today and the trend is your friend.
850 points to go–
–up? or down?
The tell for the market going higher will be institutional rotation back into lagging cyclicals, like retail and consumer stocks.
Also watch the 10 yr treasury. A rise in yields to over 2.95% would occur in conjunction with the above. A drop to below 2.85% would signal rotation to defensive names, and the market stalling or drifting down.
I don’t see a market meltdown happening until Obama gives a free house to everyone who is upside down on their mortgage.
You don’t know what you’re talking about.
STFU, purdy-ugly-troll.
Pullbacks will be shallow, mere potholes on the yellow brick road of deception.
Obama is the one who doesn’t know what he is talking about, or understand what he is doing. If he actually does, he’s even worse than I thought.
Sorry to spoil your utopia, drone.
You’re wrong about the relation between 10 yr rates and what the mkt has been doing and what it will do …just look at what’s been happening recently.
Sorry to bruise your alpha.
Please feel free to pontificate about the 10 yr, Goober.
poor Obama , he inherits the problems of a 20years-old wall street abuse + other administration interests ( wars.. for oil .. only) + effect of full-scale-global-globalization(s) ,,, he have to face a liquidity crysis ( and he do it with liquidity .. ) ,,
and HE ( not the past admn. ) is the only one who get spitted in face by everyone now ?
ts.
Both Obama’s and Bush’s handlers sucked. The Bush admin was a disaster for our nation, but, being retarded as he was, Bush is easier to forgive. Obama, however, is relatively intelligent …what’s his excuse?
Anyway, I wasn’t disagreeing with the pontificating hot head about Obama …I was just trying to clue him in to the proper read of his “tells”.
I was answering alphad.
anyhow I can’t get how people likes to drop the ball ( or his own shit ) on the first available public person in the world , Mr. Obama , because they can’t handle the market movement .
Maybe you don’t remember.. but no one in 2008 tought about a giant crysis .. and in 2009 noone knew why the market kept on going down , so much ..
that’s just money movement .. and if today market measures 1990/2000 standards , and we’re in a mild reprise , we’ve still run up left , no matter about bubbles .all wall street movements are bubbles . from the beginning .
Today perspective .
Things can change .
more bannanas!
the market is in bull mode now and it doesn’t have to do only with today or last month job-data . ….
+1
sorry, was in bull mode. 😉
Damm this market to hell! Pick a direction!
100% cash
VXX has gone from pink to red.
Selling AAPL above 260. Looks like Apple is getting pinned here. Ill keep my TZA short incase we go down 1000. I like lobster too.
Digging that stork/bird/whatever on the front page. it’s my wallpaper now.
update: *PELICAN lol
Typical bull market mode. Sell off in the morning and recover the losses late in the day. Just as plain to see as the tits on Dolly Parton.
😀 😀 😀 … Dolly’s tits plain to see?
nasty bitch!
Just to be clear..
Thats an imprint of a 9/16 hex head bolt
Welcome to iBankCoin University: Where you go to get schooled in high-level market doctrine everyday via Professor Le Fly, PhD in Market win-dom.
Added to VXX. Everything is bad. Next week should give us some fireworks that can blow the lid off the greatest Ponzi scheme called United Bluff of America. Prez Oblablabla, Tax Cheat Gehtner and Heli Ben in charge.
the greatest ponzi scheme is being everyday re-inflated in wait for YOURS much awaited better job datas ..
when we reach them , it will pull . maybe .
should it collapse , mind the real money ( banks ) will be the seller , the same one that have been the buyers .
and they will buy again another time.
Banks are not disappearing anytime soon .
everything has been bad for years, go back to yahoo’s msg boards.
Spoos w/ the strong finish! Trying to make you think twice about holding shorts over the weekend. Fuck’em and feed’em FAZ!!! Have a good weekend all.
Cocksuckers!!!
Jake wins again!
oil and 80 bux and shit
Whew! Done. Thanks for the bannanas!
So we have anothet 980 points to go.
978.58 points.
and MORE!!!
You hear that. Last chance to sell your shit before the market will hammer your longs into obliviation
yeah, that was what he said 300 Dow points lower.
Fly, I hate to nag cuz I do respect you, but there seems to be something wrong with VXX. Outside of some serious “woooooshhh, there goes the bid” selling, it doesn’t go up… Also seems like one would be forced to keep buying lower to maintain a position due to its daily measure. I see its hedging advantages over using puts, but how is it better than just simply being short SPY? Thanks
HP boss stepping down. Could it be it has something to do with wasting 1.2 bill on Palm. No position. But thinking it could be a good short.
Sexual harassment ? or was it Fatal Attraction.
40-50 million severence pay. Boss fucks up and shareholders pays again. STUPID. They could have hired a $1000 hooker a day to keep boss happy for a heck lot less.
Gotta buy some HPQ @ 41.75
Added to HPQ @ 41.40 Now my largest position
This could be good.
52 week low before today were 41.93.
Tremendous value.
Anyone who will stop buying HP printers because of this?
Are you kidding me:
HP lost 9 billion dollar market cap over this? Outrage of the year!
A source familiar with the situation told Reuters that Hurd never had sex with the woman and that the expense account issues stretched over two years and amounted to no more than $20,000.
For 9 billion dollar someone should have a good time.
HP still makes great PC’s and the best printers.
HP does not “make” anything
they are a shiny plastic cover on top of internal parts from over-seas
The fed is about to shoot the last bullet next week. It will be the last opportunity to get short before “the el grande” staglfationary future—Oil at 100+ , Dow at 8k or below.
You can take that to the bank
http://www.youtube.com/watch?v=1O-0PEFrGxs#t=0m37s
yes… But why would I want to be short with 100+ Oil? I figure 100+ oil means higher stock prices, not lower ones.
It will only help XLE and XLB sector stocks.
Everything in discretionary and retail will start to get hurt.
At best, You’ll see a stairstep decline to 9500. And we’ll do a Nikkei style sideways chop for many few years.
The Fed wants to reinflate, and they will do so. The problem is that the only thing people will buy, and thus the only things reinflating, will be food, energy, and gold.
Almost closed in green…as mentioned. Well, Monday will be an interesting day. Chances we’re up is 70%.
Good luck all.
Nsaid
Its contango. But it will work its way out with a minor sell off
Tnx Fly… starting a position today
It’s all bullshit. Fantasy island
(1) gap fill support, (2) 50% retrace of 1088-1128, (3) trendline support — ALL clustered around 1107-1108 – good close and great call by Scott Bleier
If thats the case, what is the case for higher stocks?
none, Fundamentally speaking – technically there might be for the short term, unless we break this wedge line
momentum trading
Fly
The case for higher stocks:
1. Commods up; 2. EM Currencs up (GRAB); 3. Treas spread yearly high and BO; 4. The IBanks suck Bens cock — Ben sucks OBamaramas cock- This daisy chain will maintain an uptrend for Novembers election. It is profane but inevitable. The POWER has the lever and the lever says going up. Ben loves this weak $USD.
Ben leaked rumor that QE2 light will be announced this week. Going up.
(free , illimitate ) money flowing in a de-flating market , to reflate it .
and yes , this process is done with “momentum” and opportunism .
Wow, I leave for the day, do a little charity golfing and much to my surprise… Bullish wins again! I can’t remember a day I’ve closed in the red in… hmmmm a very long time.
Bearshitters beware… a crappy jobs report can’t even keep this market down.
Bullish
Sounds like hubris no?
I learned it from watching you! LOL
Ouch!
@Fly, the case for higher stocks may seem to be synonymous with your notice of egregious state and local government spending. Perhaps investors are counting on waves of bailouts, quantitative easing, etc. as the governments are, fighting deflation and sending stocks higher..not on the company’s fundamentals, but because all asset prices are going higher…
Inflation
Please cite periods of inflation that coincided with higher stock prices.
Thanks
?? Inflation always exists, unless deflation exists. Deflation has been much more uncommon over history, and index levels as of the last 3 years are higher than they have ever been
more specifically, from the 20th century saw inflation at about 3%. index levels higher.
Nonetheless about inflation or reflation..but quantitative easing has psychological benefits as well, limiting fear and giving people reason to look for risk……
Bottom line, if governments are spending and depending on future bailouts, then no doubt investors are as well…
With all that said, I am in your camp. Completely hedged, fed up with the bullshit markets and looking for a major pullback…. Until, of course, QE II….
2003 through 2008 saw great stock returns and high inflation for anyone that lived in a house, drove a car, and ate food.
But nothing dramatic for any of the other 1,000 + activities and purchases that we do every day…
Depends on how you classify “inflation”.
1980 to 2000 the money supply tripled. Sure it didn’t look like what people refer to as “inflation” as gold lost 90% of it’s purchasing power, and consumer price index stayed low… but the money supply was inflated.
sold the rip didnt even think about buying the dip..yes i did plunder your town
A case for higher stock prices could eventually come as a result of the perception that M&A activity is going to pick up.
Consider this…..cash and cash equivalents on mega cap and large company balances sheets are, on average, at the highest levels we’ve seen in the past 20 years. Sooner than later, corporate boards will have to forge a balance between maintaining liquidity and ROE, especially in this low interest rate environment.
Couple that with the idea that the time of easy margin expansion that is associated with the early part of “the recovery” is now over, and now you’ve got a competitive environment for additional market share.
The market looks primed for M&A activity in the small and mid cap space. The risk is a sharp decline in the global economy, but as I indicated, in a prior post this morning, global economic activity is still chugging along based on some of the data from the global container/shipping sector. The underlying activity, at least in Asia, is not as bad as the average Joe investor might think.
If I were going to look for names, they would be small-mid sized companies in developed countries with significant market share in the Asian economies and China, relative to their peers.
Just saying…..
Small to midsize companies with little or no debt.
Also…
steady and predictable cash flow, tangible assets (for loan collateral), secure market position and revenue sustainability, divestible assets that can be a source of cash, potential for expense reduction as a result of the merger, etc., etc…….
The move in the 10 year bond today was fucking scarey. There is about to be another flash crash, this time in bonds though. I am unsure what effect this is going to have on stock prices. I figure gold is going to fucking skyrocket, and interest rates are going to skyrocket overnight. This is going to leave companies with fucked up balance sheets to die.
It is going to spur a tremendous amount of M&A as well.
If you own anything that has really high debt, expect that stock to tumble.
Notice how yield stuff like EMB TLT LQD JNK etc. keep edging up? No higher interest rates are expected anytime soon. Historically, this 2nd year of the Presidential cycle is a flat year – next year is the boom year. The season August-Sept. Oct. is the worst season with the best following. It probably will not happen but down 20% from here could set up a 50% bull move into next year.
Rates are about to fucking roar like you have never seen in your life. You can count on it!
Timeline?…..on that rate increase? The best government rate in the world is the yen rates in Japan due to deflation giving a 4%+ real yield on 10 year government.
…maybe the U.S. if a deflationary spiral takes hold.
exactly. The markets are stretched big time right now. Something’s got to give on the bond market very soon.
Rates are not going up dipshit. There is no inflation
There will be if the dollar keeps tanking, and if the Bush-caused climate change keeps burning wheat, and if Obama keeps banning oil drilling..
I’m not too worried about either climate change or lack of oil drilling.
LOL! Now that’s a good one! Trying to link global warming to the U.S. dollar’s demise! You’re getting imaginative, but you need to try harder.
“Yeah, that evil Dubya caused the climate change responsible for millions of Russian children not getting any sandwiches.”
Boo-hoo. Sell it to somebody else, kool-aid guzzler.
Meanwhile, the African continent is experiencing cooler than normal temps……
Shit, you mean he changed the climate in Africa as well. It’s worse than I thought.
Alphadawgmatic, you need to chillax or you’re gonna pop a vein.
LOL!
Indeud.
Bush-caused climate change keeps burning wheat?????
You must be retarded. Are you long or short? I’m going the opposite direction.
He is fully retarded.
I used to think it was an act, but this last claim… lol… too much pot in that last year of shoppe class.
“Curse of the Townies.”
____________
The only inflation is in consumer goods like food, gas, bank fees, airline tickets, taxes, Disneyland tickets and whatever.
But for some reasons you can still find a good deals on lobsters.
Inflation is in the eyes of the beholder.
The US Consumer please RIP.
If indeed this ban doesn’t have an effect on pricing as they claim with ME still producing 90% of the nations catch.
http://www.newsoxy.com/business/lobster-ban-east-coast-13896.html
Long ME and black Flys!
Question: can’t the rates go up for reasons other than inflationary… like bond buyers may be worried about the risk of the US defaulting (because of DEFLATION) and demand higher rates? Or fears about the US losing it’s credit rating? Or maybe bond holders all of a sudden decide to sell and get into some other investment.
It seems on top of that there are many who fear inflation w(hether or not there actually is or will be any inflation or not)
Rates are not going up, unless the bond vigilantes boycott the 10 year. Dollar would have to be in the tank and the U.S. a single-A credit.
What about the 30 year?
Hmmm. Some soothing motivational music.
http://www.youtube.com/watch?v=_w5JlDn9WCw
Purdy
That was due to housing. What asset is rising now,wheat?
That was due to housing, energy, insurance, food …everything except interest rates and Chinese electronics.
…yes, pretty much just wheat right now.
Howabout gasoline? Earl?
Just wait, “Enry Iggins” Just wait.
__________
Why be a CEO if you can’t get a little pussy? And $50 Million for getting fired.
I’m just a gigalo
did someone say pussy?
long CAT still…
added DD (41.75) and C (4.03) today to my pussy collection also
I saw GT and went long. (to the uninitiated, fear not, you will get this joke once Wallstreet II comes out)
She was a marketing consultant and an events host…. Sheesh! what do you expect? Hurd was maybe a geek trying to be a playah…. bimbo got her hooks into him, needed to be paid, so there were the expense accounts.
Okay, some of you are arguing on totally different time fractals. I think you can’t short the market for short term trading with a long term bearish macro, and vice versa. That is fucking stupid. And you can’t fucking talking like an investor when you are trading.
unless you’re a bank or have a similar sized assett ( or money access ) , you’re not entitled at all to think or speak like an investor .
Hey buddy, I invented the internet that you enjoy today. I can do what i want, say what I want, when I want to. Who cares if I don’t know jack about stocks? I look and feel goooood! Why do I always feel gooood? Because, I get free sexy massages in hotels everywhere I go, anytime I want to, especially after stressfully lying, ….er, ….I mean speaking, at global warming conferences.
Gore 2012.
And, you just bot a $9 Million mansion in California. How is your carbon foot print now Al?
He’ll tell you after you realease his second chakra!!!!
Bill Gross said he did not expect FED to raise rates for 2-3 years today. VIX was in a range all week,hit its 5 day high AND low today..Fixed income mkts are DOA,Record low yields but no rush by compainies to borrow at absurd levels…whats up with that???
They are not borrowing because they are smart enough to see what is coming.
Bush invented global warming
Yeah, it’s an energy saving measure. Less heating necessary in the winter. Go ahead and sweat in the summer. Shut down the airliners if this is serious.
I say bullshit.
I did.
actually global warming is caused by the hymen of the earth being torn open by space craft we and china deploy…and all the sling shoting being done by the alien craft to return home slows the earths rotation..and since the atmosphere in china is collapsing due to their inferior craft this allows excessive rays in..thought you would want to know the real cause ..of course the gooberments will not confirm or deny this train of thought..but muttering was heard about a dinner jacket with no arms or something
Winston Churchill knew about the alien craft but did not release the info for fear of panic.
And it had to be Ronald Reagan who started man made global warming because in the ’70s global cooling was all the rage of the enviro nutjobs.
Global warming is occurring on every planet in the solar system. Maybe the planets are just cyclically gyrating back and forth from close to the sun to far away. But then again, talking about alien spacecrafts does sound a lot more interesting. Maybe the sun is actually just a plasma cannon made by alien gods to keep us all controlled.
And FYI Bush invented the slinky and silly putty.
And Pringles chips.
_____
made .5% today…..thats after two previous days of .25% gains.
best part/. im not really long or short, and not much trading.
25% allocation to TLT is a big part of it though
JACKASS 3D:
http://www.youtube.com/watch?v=fKwjU_pSSW4&fmt=18
Can’t fucking WAIT!
Mark hurd must think he is starring in mad men and living in the 50’s. Hardcore putz move
Agreed about the putz move. I am an upper level employee in a public company, and I am very careful.
No even remotely sexual humor, no political talk, no religion or personal conversations.
If I am in a room and someone else starts up with it, I remain silent and walk out.
Must be fun to go to work everyday at your place.
_________
lol
50 mil can buy a lot of MD20.
He’s an amazing CEO, who gives a fuck what pussy he’s into
SAN FRANCISCO (Reuters)
HP said an investigation into allegations
of sexual harassment involving Hurd and a former HP contractor determined that there was no violation of HP’s sexual harassment policy, but did find violations of HP’s standards of business conduct.
??
Fucking the Company out of some cash is the new Sex Crime?
No complaints of his actual Leadership abilities
Who really got fucked here
HP said Hurd, who is 53 and married, had a “close personal relationship” with the contractor and had submitted inaccurate expense reports.
or was there more…
how much longer till “end of earnings reports “
They never stop.
Spreads have come in considerably
JNK is a commodity now (doesn’t look good). Don’t sell it to anyone, you’ll get arrested and your car will be impounded.
I just started watching The Fat in the Hat’s movie named “Capitalism” whilst drinking. I’ve never shouted at my teevee but he made me do it. I’m the envy of the wrestling fan. Michael Moore is a joke.
Mark hurd is a degenerate rapist
Das drinking unt der blogging ist verboten…
im still holding a small amt VXX..until there is a nice sell off im not going long,im not chasing here
Even cramer is a bear right now. Says the S & P ocillator is at +12.
Even cramer is a bear right now. Says the S & P ocillator is at +12.
u r so funny. u wrote this post and 5 min later the market exploded. lol good luck on that VXX
Ryan
Please enlighten us with your worldly stock market advice.
Enlighten us? Please… We would learn more from our friend DevilDog telling us how to trade 3X ETF’s on the way to SPX 125.
Oh my good God, this thread is too long to even try to read.
http://earthsky.org/tonight/venus-mars-saturn-form-planetary-trio-in-west-around-august-7
Friend of mine posted this – check it out tonight.
How high plus has the S & P ocillator been ever? Do anyone have some history
Speaking of whats the longest thread ever on a blog site?
yea, me and another trader got into a “HUGE” argument over at stockpickr,it was the summer of 07,it took almost 12 pages, in the time span of about an hour,or a few.got over 1400 views before 2:00 am chicago time. turned out the dude i had it out with,was bald ass cramers’ nemisis. when,during the time a day or so later is when cramer appeared on the today show, and told “sexy” Meredith Veara,(sorry i know i misspelled her last name) that he wouldnt come back and post on pickr,unless this person (poster) was gone. but the SOB only posted a few times after that anyway. try hanging at a joint like that,and have to read crap,just to catch WTF happened overnight. it was stupid, and didnt prove natha
Now Drummerboy,
remember the post with Jimmy07, who by the way really does exist,
and his question about what to do with BAC?
He’d bought it at 26?
That one got over 10K views….
A lot of fuckery back then, if you recall, lol…
Does this mean the fuckery is over?
no. what is life without some fuckery. with no fuckery, comes no ass kickin…….oh yea.and we’s got to kick some booty. thanks for the memories flyaway. missin you guys.
Every time I see your name, I want to say, oh my f’n god it’s jd.
I’m like OCD with it.
Thanks Man. Me too.
One monkey don’t stop the show.
i can tell you’ve never put on a show.lol
what are you all going to do if the fly never returns again ?maybe he decided this is end of days for his posts
I would go back on suicide watch.
I think I saw him face down under that bronze bull on wall street.
It sucks to be early.
That’s a great Gravatar.
You should change your name to Mr. Blofeld or No. 1.
I prefer Ernst Stavro Blofeld.
LOL. Ah yes. The great Mr. Blofeld.
Quite appropriate given the current trend of a giving birth to zombies.
HA!
cause this dude is real, he needs us, we need him.now if he had to stand next to erin with a woody between his legs like cramer does,then yea, maybe he could cut out. i’ll betcha that this is more fun though.lol
It’s ok, we have his number, I’ll share it with yous all: 12631
dow to 12631?
Good morning, all. (Just adding to the record setting thread)
A quick reminder:
The Fly is God.
He’s planning the biggest come back ever.
Cut me Mick
The eye of the tiger is looking out over the valley. Waiting with paws that strike with the force of a sledge hammer, covered in razor sharp hooks, and the remorse of a cluster bomb.
Fxy has be climbing
The world ain’t all sunshine and rainbows. It is a very mean and nasty place It will beat you to your knees and keep you there permanently if you let it. You, me or nobody is going to hit as hard as life. But it ain’t about how hard you hit, it is about how hard you can get hit and keep moving forward, how much can you take and keep moving forward. That’s how winning is done!
It doesn’t hurt to be the dealer with the stacked deck and plenty of security either.
stop buying shit, stop trading shit, stop reading blogs or twits, wake up …
you are about to get fucked out of your brains…
this is a bull market, being stubborn and cocky never made money to anyone…
if you are not long.. I mean 100%…. you are screwed.
playing both sides will get you STD…
Are you related to the Iraqi disinformation minister?
And now for another odd video.
http://www.youtube.com/watch?v=fxv6R9fUO74