I am being FORCED, mind you, to look at long positions. I do not want them at all. As a matter of fact, I want to be 1,000% Direxion stupid, head tilted far to the left, retard short, going into the Fall. I will say, in my estimation of course, there is 100% chance of a sharp decline this Fall. The only issue is: will it dive from 10,600 or 11,200? That is the question that must be begged and answered!
All of the “stuff” that people point to as reasons to own stocks, I spit on them with grave disdain. There is nothing in this market that pleases me, from asshole low rates to the stupid new nature of the yen. Yes, I understand quantitative easing and I am keen to the fact that the market may go up on more free money news. But, it’s all bullshit. We are simply spinning our wheels in the mud, all the while digging ourselves a deeper hole.
Nevertheless, it is my job to protect accounts and adhere to the laws of market forces, instead of bowing to ideology. I’ve pulled back by about 10% in recent weeks, due to a flurry of anomalies, all to do with “The Fly” being wrong. I am not surprised or “taken aback” by my recent set-backs. Betting against me is like pushing up against a 6 foot coiled spring. Eventually you are going to get tired and I will push your weak ass into outer-space. As time goes on, the odds of Le Fly being exactly right rise, exponentially.
When I do claim victory and subsequently piss on your heads, you will remember to never bet against me. Most of you are waiting for my downfall. You figure all good things must come to an end, Senor Tropicana included. See, that’s where you’re fucking wrong pal. “The Fly” is like an energy force that cannot be quantified or contained. He is wild, out in the open, “mushroom clouding” friends and foes alike. Admittedly, I am behaving like a spoiled brat, who is throwing a fit because someone just shit on his favorite GI Joe toy. However, rest assured, I will have my revenge.
In closing, I am biding my time; but I need to add one position to the mix.
Cool!
It (can) dive from 1144 S&P
http://jeffmatthewsisnotmakingthisup.blogspot.com/2010/08/hurd-instinct-one-fiction-leads-to.html
Jeff Matthews on the (Mark) Hurd Instinct.
right. HP is a fucking scam. Who buys their crap?
September redemtion will feel ooohhh so good.
“The megalomaniac differs from the narcissist by the fact that he wishes to be powerful rather than charming, and seeks to be feared rather than loved. To this type belong many lunatics and most of the great men of history.”
— Bertrand Russell
I concur with your assessment of me.
That’s an awesome quote.
google “Icy Hot”, the balm ostensibly used to treat joint pain. it seems that little boys, imagining a hot cunt, are using it in a different way…
slow day here…
From what I just read, stimulation with icy hot is just like FED stimulating this economy via bailouts:
Read:
“After finishing the dirty work, your penis feels supersensitive to the point of pain. The active ingredients in Icy Hot is Methyl Salicylate and Menthol, which causes an inability to lose your erection. So now you have a rock hard painful erection, which is now turning blue and purple because of the chemicals that you decided to play with.
Once again, being one who thinks with their brain, you decide to wash it off with a nice hot shower. Jumping into the steam, you now have a new understanding of pleasure vs. pain. Although you eventually washed it off, it was not without periods of jumping out of the tub for fear that your penis was on fire.
For the rest of the day you are condemned to walk around with a bright, glowing red, and semi-erect penis. Maybe next time you’ll remember that masturbating with Icy Hot is a bad idea. ”
Maybe next time they will remember stimulating with bailouts is a bad idea.
Is this why Icy Hot is always sold out in the stores surrounding The Villages and Del Webb Retirement Communities?
I’ll have to ask my students about this, LMAO.
Ok, which company makes Icy Hot? I wanna try it on my latest houseboy!!!!
Time to get your daily 40.
it comes down to this
Either bernanke hands out free mortgages, or the white house will greenlight Israel’s “defensive action” on Iran.
The administration HAS to do something drastic by November. Only question is, what will it be? They cant just sit there and let the democrats get completely routed. There has to be something under the table.
http://www.youtube.com/watch?v=ReJ3RltihME#t=5m23s
I want my 30yr 1% mtg now!!
It’s been great long, but Fed will reit the economy sucks and will only refer to QE in the back pocket. Market will not be pleased that things are “not bad enough”. I’ve sold half my longs and am starting VXX today. I’ve never known Fly to NOT be directionally correct, forget timing nits.
Exceptional!
That is Indeed the $6MN question: “I will say, in my estimation of course, there is 100% chance of a sharp decline this Fall. The only issue is: will it dive from 10,600 or 11,200? That is the question that must be begged and answered!”
IF, SPX 1133 is ‘taken-out topside’ on a ‘closing’ basis and can ‘stick’ for 48 hours, a ‘potential’ (measured on the ‘potential’ inverted Dandruff) move into SPX 1180 cannot be ruled out which would of course coincide with DJIA 11,200.
Nevertheless, whichever way the wind shall blow in the days/weeks ahead, a bull-trap is being set in order to fleece the sheep.
Ultimately, the March ’09 lows are ‘taken out’ with a final destination/resting in the SPX 500-550; DJIA 5000-5500 zones concluding the secular bear (2016-18).
$USD——-> 72——–>62——–>52-55!
All in due time.
Peace Senor “T”.
Indeed!
pretty hefty prediction.just short of ww 3 for that to happen
SPX 666 last occured in July 1996 ONLY 12 months earlier it was 550, another quarter earlier it was 500! Still seem like WW3?
I have decided who will win the KoPG this month….
Developing
I hope it’s StocksRider. That boi looks pretty cute!!!!
can one of you gents tell me, what would happen if ben and company decide a .05 rate increase from where we are now. considering that their #’s are not at 10% for unemployment? just have a dumb feeling about it this time now that there #’s are 9 1/2% unemployment. and what would take a nosedive first. thanks
1. They won’t increase the rates.
2. Yes, market would nosedive, which is why they won’t.
NOTHING WILL HAPPEN… NOTHING
LOOK AT CANADA, AUSTRALIA.. ans so on.
panamaorange
The government handouts are on the way. FHA is teaming up with the GSE’s to have “underwater” mortgage holder’s debt reduced. See Huffington Post for details.
http://www.huffingtonpost.com/2010/08/09/freddie-mac-post-huge-los_n_675400.html
Unbelievable!
I actually think the white house is leaning towards the Iran option.
A. It worked great for Reagan
B. Its less obvious. I mean, if they start handing out free money tomorrow, they’ll just further infuriate the tea party types. With Iran, they could throw up there hands, and pretend they had no idea Israel was about to make a move.Long Gasoline lines might even be be a deterrent to many voters, which would further benefit incumbents.Most people are too lazy to walk a mile to their local poll station, especially after waiting in “carter era” lines at the local pump.
I agree with you on the Iran option. It’s already picking up a little steam in the mainstream press. That being said, why can’t they try and implement both options to cover all of their bases?
Free mortgages for everyone in Tehran.
It should be a good long term economic bet, after they are all granted radiation induced superpowers.
Did not work out so well for Carter.
You would not want to be a POW this time around, either.
For votes, the Dem’s will choose more bailouts, I’m sure of that. And, higher taxes for those of us who didn’t make foolish investments, use their homes for ATM’s and run up too much credit.
Teaparty’ers will have a field day with this one.
>>Yes, I understand quantitative easing and I am keen to the fact that the market may go up on more free money news. But, it’s all bullshit.<<
If QE jacks up the CRB, most stocks will NOT be joining the party. Here's a piece I just wrote about this for Seeking Alpha:
http://seekingalpha.com/article/219545-implications-of-qe2-and-the-soaring-crb#comment_update_link
Ha! one of the best posts ever. How do you think of this stuff?
“Betting against me is like pushing up against a 6 foot coiled spring. Eventually you are going to get tired and I will push your weak ass into outer-space. As time goes on, the odds of Le Fly being exactly right rise, exponentially.
When I do claim victory and subsequently piss on your heads, you will remember to never bet against me. Most of you are waiting for my downfall. You figure all good things must come to an end, Senor Tropicana included. See, that’s where you’re fucking wrong pal. “The Fly” is like an energy force that cannot be quantified or contained. He is wild, out in the open, “mushroom clouding” friends and foes alike. Admittedly, I am behaving like a spoiled brat, who is throwing a fit because someone just shit on his favorite GI Joe toy. However, rest assured, I will have my revenge.”
Instant Classic
large corporate institutions with partner programs and legacy systems. HP blade servers paired with Cisco switches/routers – top selling scenario.
We will shitdive from Dow 10,9635.38 to be precise. Set a .0001 cent stop and you will be good..
Market manipulation and $75,000/per day vacations = Obamanomics!
omelzer, whose ass is that? best thing I have seen here in a long time
an amateur selfpic of an auburn alum. no one famous.
BP KILLED MATT SIMMONS!!
http://www.bloomberg.com/news/2010-08-09/matthew-simmons-investment-banker-peak-oil-theory-advocate-dies-at-67.html
That is why i didn’t trust Lowes to install my Hot tub time machine.
The loose handrail fitting may cause you might slip, and fall on a pair of silenced .22 caliber bullets.
Maybe all that disappearing oil drove him to madness?
TZA, FAZ or VXX any thoughts?
PURE FUCKERY
pure fuckery because you think the market is going to keep going up or because they are etf/etn’s?
Both, they not just ETF .. they are daily rebalanced, leveraged ETFs… huge time decay due to rebalancing…. these are very dengerous products…. you should be prepared to lose money
None of them. This market keeps levitating. I made the mistake of buying VXX today, and all it has done is go down. I believe the reason for this is that everyone knows the market is going to dive this fall, thus, the underlying put options for these companies are highly inflated, creating a squeeze in the market for the next month or so.
Was the VXX for a hedge or a directional bet?
Direxion is like sex. In and out…repeat til you are there.
LOL !
That kind of humour reminds me of reading the Tucker Max book.
Whoop Ass.
Falling knife
Try S @ M instead.
If Dow goes to 11200 can you handle the pain. At 11200 where will TZA, FAZ and VXX be? 20/18/8
Suckers rally for sure. But it easy for the Algo to drive the market up on low volume.
Place your bets if you dare.
Stopped out of TZA at 30.80 earlier today. Looking to get back in soon?
Position: VXX
Fly is winding up that giant spring to launch the market during the last hour.
Which means that the people who own the pork belly contracts are saying, “Hey, we’re losing all our damn money, and Christmas is around the corner, and I ain’t gonna have no money to buy my son the G.I. Joe with the kung-fu grip! and my wife ain’t gonna make love to me if I got no money!”
Bets are now piling up on FEF. For you perves that know only the icy hot in your underwear, FEF = Fly Energy Force. Much coin is to be banked ‘ere the FEF goes counter cyclical and flys up its own asshole. Until then, Minerva counsels me to be bold.
Duke and Duke.
It got me started in the biz.
Remember when I taught you how to corner the frozen orange juice market? Those were fun days.
we will do it again my friend