Fuck running away from losses. Stand there, like a fucking man (even if you are a woman), and take the hits. It’s one fucking day, you ADD addled, ritalin taking homo—no offense to gay guys of course. Look for GDP estimates to come tumbling down, due to obvious signs of hitting a wall. Because of this factoid, the markets will get raped in September. However, that does not mean we cannot “feed the troll” before Wall Street’s veterans get back from their summer vacations. Take advantage of the stupid junior trading robots at Goldman, while you can. Those junior robots are stupid and have 1/5th of the microprocessors of their superior senior robot overlords.
Having said that, like my personal idol, George Bush, I am “going it alone,” long biased into a fucking weekend. ROFL. Ask me if I am scared; I fucking dare you.
As the clowns on CNBC monger around, like little peasants in Thai rice fields, “The Fly” is poolside, sipping on a cold glass of gasoline. Look, I got money to burn, motherfucker. Let rates collapse and foreclosures spike; I will only get richer.
As for this tape: it is bounded by the laws of mathematics to trade higher, before trading lower. Losses are expected and acceptable. Set backs are part and parcel of being an investor/trader. Do not fear the loss, embrace it. Hug it like it was your favorite stuffed animal, strapped with lit dynamite sticks. If you are scared, hedge your portfolios. I’ve been telling you to do that for months, ever since we entered the meat grinder. The fact that the markets are still above 10,000 is a fucking blessing, considering how low yields are. The upside, the silver lining if you will of rates being so low, is room for upside. Should bonds get hit, money will come flooding into equities, like a fucking Tsunami high on twenty eight balls of cocaine. If that shit doesn’t happen, well then, we’re fucked.
Happy trading.
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Lottsa Israel does Iran chatter, this weekend ….. that should be good for equities …. nothing like starting a war when the Fed is outta bullets.
The Fed is shooting blanks.
The Israel’s won’t be.
Tell that to Señor TBT .
I would imagine the chatter goes along the lines like this:
Israel: Oy Vey Mr. Mahmoud Ahmadinejad. Are you mishugina? Stop the nonsense and we will send you some of the finest Gefilte Fish and Brisket you ever tasted.
Iran: Benjamin Netanyahu, May I call you Ben? Throw in some borscht and we will stop the enrichment. And will you tell that Obama guy to STFU
Israel: Agreed on Obama and the food is on the way by way of IDF planes.
Iran: One more thing Ben. I would like to open a strip bar in Jerusalem called Persian Delights.
Israel: 50-50 split Mahmoud. Deal
Reactor loadup is August 21st. Israel has less than 24 hours now. NOTHING will happen. Its a dead subject, juiceyfruit.
http://www.timeanddate.com/worldclock/city.html?n=246
Goddamn I love this site, “Sipping a cold glass of Gasoline, I’ve got money to burn MotherFuckers! ” I will be using that line in the near future. In the mean time, I’ve been too busy outsourcing my neighbors jobs to China so I have not had a chance to follow thing especially close, but Im still Long FAZ and and dabbled with UNG, VXX, and UUP, have a good one.
Excellent. I like your style.
It’s 150 points people. Like the pyramids, this is Child’s play.
TheUrinalShadow says: Buy DELL now. You will be able to dump it in the AM for a nice profit. It will feel like a pleasant flush on a Spring day.
That sounds about as safe as wearing a cape in a lumber factory.
aren’t you “tits long” $TNA? ouchie
Classic stuff
What a way to end the day. beauriful and prosaic…
This is what I learned – verbatim – while clicking the Rothchilds link a droite:
“Ariane de Rothschild now occupies the second most important position in the Group after her husband, Benjamin. The Baroness, who trained as a trader and knows the ways of the world, agreed to meet the Swiss press for the first time.”
“Say no more!,” as Eric Idle would say….
The Baroness…. she likes…. photos? Eh? eh? Eh?
Say n’more, say n’more!
_____________
Is she a “goer”, eh?
Money coming out of bonds must go into the Government Motors IPO, or you all will be investigated by Nancy Pelosi for being unpatriotic and opposing the government bailouts.
Trade in your Lexus and buy one of these… http://gm-volt.com/about/…..or face the wrath.
Good day.
We’ll have to call for an investigation to get to the bottom of who is funding this intense dislike of me…
— Baroness von Nancy de Pelosi.
It’s because she claps like a seal….
“Hug it like its your favorite stuffed animal strapped with lit dynamite sticks” That is hilarious! Been feeling a bit down today, but that got me laughing out loud. Good work, Fly. Oh, and I bought a little CMI and feeling good about my liitle Ruby (RBY)
Nice thing about the market….. each day we start again…you are right Fly, it’s like Ground Hog Day…
Sans the comedy of Bill Murray.
alpha…Actually the comedy of the market is rather totally amusing in a black humor type of way..bad days, good days it always seems to make me laugh.
…so you’re saying it’s schadenfreude funny?
lol, No, it’s more darker humor at a much more amusing level…. sort of like a masochistic tango kinda thing, ala Dr Demento… http://www.youtube.com/watch?v=TytGOeiW0aE&feature=search
“The Fly is poolside, sipping on a cold glass of gasoline. Look, I got money to burn, motherfucker. Let rates collapse and foreclosures spike; I will only get richer.”
“Should bonds get hit, money will come flooding into equities, like a fucking Tsunami high on twenty eight balls of cocaine.”
These are possibly the greatest quotes I have ever heard.
One of your very best.
But, are you scared??
“like my personal idol, George Bush, I am “going it alone,” – LMAO
The Fly is Colbert, Einstein, Mark Twain and Muhammad Ali rolled into one glorious, supernal being. He floats like a lightspeed butterfly, and stings like a plutonium-fueled bee, whilst smoking a massive cigar blessed by righteous truthiness.
INDEUD
Rates are going to zero. Your government check is in the mail so you can spend money you own tax money on stupid shit!
30 year mortgages at 1%, no points or closing costs!
Get approved for one mortgage, and then strategically default on you old mortgage with no consequences!
Free health care for all!
FDIC Insurance up to $1,000,000!
Free gas if you own a hybrid!
Free insurance (paid for by the banks and brokers) on stock market losses!
Call 1-800-FUC-YEAH
It’s FREE! Everything is FREEEEE!!!!!
Strategically default on one mortgage
I approve of this message.
Ditto, lol
Enigma is obama
The FUC-YEAH number was Rahm’s idea though.
Vacation is great. Just chillin’. From the sound of it we dropped 800 points today, no? Time to get back to the grill. That is all. Carry on.
TLT is the devil’s preferred sandwich
Milo Minderbinder’s firm wishes it were producing crazy sheeite like this campaign.
heh.
_________
What was it that Buffet said? Be greedy when others are fearful? If TLT is a measure of “fear”, well, let’s get greedy then, can’t imagine a better time! 🙂 I’ve got TNA coming out of my eyes, ears, and nose, bring it on! Worst scenario, well, I’ll sit the next 1-1.5 months out, waiting for a return to these levels, minus the 5-10% 3x decay penalty.
That’s the game, just accept it and embrace it – otherwise go get a nice 9-5 job with a 3h daily commute and a steady paycheck.
Let’s PLAY BALL! 🙂
that would be the VIX and its just starting to roll
I am long TNA, FAS, CRUDE via Futures, and even TBT
Its time to find an excuse, any excuse, to burn the balls off these bears.
I am also up like 9 out of the last 10 days. This type of market suits me perfectly. So impatient i take profits and reverse quickly, and that is working here.
I am holding my long positions unless we close below 1060. Than I might get affeared.
And i sold my VXX…..that’s not working like it was.
ha ha ha
up like 9 out of 10 days….
riiiight…. and today you give all those nickel and dime profits back. TNA, FAS, TBT ????
ENJOY FRIDAY.
i predict we close tomorrow at 1085
mark it.
WGAF?!?
marked
Fly, welcome to the west coast. I would like your approval to be your official paparazzi.
Go to businessinsider blog and actually look at the Philly charts – all but a couple current & future indicators are lower now than they were in mid-09 at the worst of the recession. The pathetic little 72-hour beaten-down sold-off “tradeable” bounce ended lunchtime last tuesday and was pure mirage. Why again should we be above 940-ish? Cuz everyone was licking lollipops and smiling at helicopters for awhile?
London
Agreed, but not yet. Wait for the senior robots to get back from vacay
I’m betting on Red 666 eventually. Spin the whell please.
Love.This.Post.
Men don’t take it. They dish it out!
Fly …perhaps while out on the “West Coast” …
…you might try the “Shark” !
Grilled of course !
—
Pah-leeze … no jumpin’ !!!
.
heads up
Everyone on this on this thread is banned.
Goodnight.
ROFLMFAO!
that has to be the best ever post!
your writing is much better when you are losing $$$
Judging from the last thread I bet most of you fucking faggots have never had a loaded gun pointed at your forehead or have been succumbed to execution style handgun submission. You losers have no idea what fear is. I would put a cigarette out on most of your faces, but thankfully because I do not smoke, I would hold your mouth open and envelop your lungs with moths.
Cut down on the late night absinthe shots.
_______
You get held up by lunatics and see how your opinion changes about firearms. I don’t drink that shit either, I prefer my ears intact.
Your comment indicated the presence of hallucinogens.
As for “having a gun stuck in my face,” why in the world would that change my mind about the legal ownership of firearms?
You’d prefer only the dirtbags be armed?
___________
I have no problem with legal ownership, it’s just the barrier of entry is incredibly low and unfortunately people think they are cowboys and find a need to assert superficial power for little money and psychopathic quenching. If I owned a gun I certainly would not carry it around with me in a city and be compelled to shoot someone if threatened. There’s not much you can do with a wallet and a bunch of cards now these days so it’s easier just to comply. It’s annoying to hear people say that they buy guns with the intent to carry them around to protect themselves when they clearly cannot fathom the thoughts one goes through when threatened and the risk/rewards surrounding the decisions one must make in that situation.
And yet, you are obviating the fact that the presence of “packing” individuals tends to give the true sociopathic predator element pause.
Ghandi-like, I will tolerate the “cowboy element” that so rankles you for that bit of free social insurance.
_______
Dateline 2011: UPS Delivery Women Shot by Kentucky Survivalist
(Shooter boasted: “Yeah, I shot that brown shirt.”)
I admit that I was “scared shitless” about three years ago when my wife and I went to watch our son play a college golf tournament at Reynolds Plantation (Greensboro,GA area).
We leave the side door of the motel about 6:30 AM and as I get ready to shut the door (one of those you open with your key card) I look up and there were about a half dozen cops with weapons drawn yelling at us to get out of the way and to “get down get down.”
So we hit the dirt and I look up and there were about a dozen more county and State troopers rushing the place.
We heard a shot or two and then about five minutes later they are hauling out a young thug who robbed a Zaxbys chicken place next door.
I think I was more scared because I was defenseless and didn’t have any control over the situation
You are always staying in the class motels, TA. 😉
_______
To all the camels – I told you in my last post this week was going to be determined by macros more than anything else and that my slant was bearish. But you didn’t listen. No respect, I tell you. Now get ready for mercury retrograde.
Speaking of which, just completed my post in P.G. No one else will talk about it. So I will – Rx Retrograde! http://www.ibankcoin.com/peanut_gallery/index.php/2010/08/20/mercury-retrograde/
mamut has spoken
MR Tropics, maybe is better to stay out of the market after a reverse like yesterday and after these datas , instead of carryin around losses in the backbone
sometimes the rule of the game change, when it happens the mathematical wisdom of yesterday doesn’t apply to today/tomorrow tape..
omen, too funny !! i am sitting today out, my glw will do what it does, will revisit all over the weekend…
Bonds and Notes lookin’ heavy
FWIW, I started this tread in my Peanut Gallery Article on Breadth…this is latest…”I am still fine tuning it but so far (when I do my math correct) it has been working pretty good….it’s my Nymph take of Breadth…….I calculate S (Support) and R (Resistance) levels for NYSE Advance- Decline and NYSE Advance Volume – Decline Volume…..this was my anlysis last night based on closing data….”OK I am keeping this up…….for today, Thursday…..August 19, 2010 Analysis..OK we went thru support today nicely and tomorrow we have either a retest of that support or a continued freefall. TRIN is up to 2.85 and ISEE is 72…the TRIN is not super super high and ISEE is not super super low so we still have some gas in the tank if we want to continue the downtrend. For tomorrow Support Levels, Advance – Decline Volume = S1 -100,000,000 (VERY IMPORTANT ONE) S2 -400,000,000 S2-750,000,000 For Resistance it just needs to have a positive number, R2 1,000,000,000……….For Advance – Decline = S1 -2840 R1 340…………….So for tomorrow, because the Advance – Decline has alot more room to the downside and Advance – Decline Volume has such a key Support level so close, I would assume we test that support and if we can take on S1 on Adv/Decline Volume we can continue our downtrend nicely.”
Yeah, what she said …
lol….hey, hey also…High Court of Karnataka heard the arguements last night and should make ruling next week about the India Iron Ore Ban…..last night spot for Iron Ore china/india was a little bit up again still keeping 3 week high but no demand
Is this Trading Nymph or Fake Trading Nymph writing now?
_____
It’s real me….
analysis paralysis
Shaz, I don’t have too many years in this game, so I am really just trying to put it all together….I am totally short biased, doing the Hugh H Dance…but,.I am still learning how to understand these small little moves that Fly is so good at while I wait for my crash.
I feel sorry for you… but I did warn you to go to cash 3 days ago..like I did…. you are still looking for a side…. this market has no right side … as soon as you get comfortable you get fucked… cash is a position.
It takes a man a long time to learn all the lessons of all his mistakes.
Jesse Livermore
“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages.”
…you know what I mean dear sir….
First, STFU, second, why do people quote Livermore all the time? He killed himself over the markets!!!
Livermore was an interesting guy. Suffered from depression all his life. There’s a fine line between genius and insanity.
No question. See above author who cavorts with his urinal shadows.
_______
My favorite story about Jesse was that he decided to close all his shorts and go long right before the 1929 crash….he was getting killed by short position and didn’t trust himself enough….
He was widely believed to be the man responsible for causing the Crash of 1929.
He made $100 million shorting the Crash of 1929… cannot imagine how much that would have been in todays money…
really… you must know a lot about his personal life and love life…
more than he did apparently… lol
stupidy has no limits..,… i said it … not livermore lmao
I think the urinal shadows have left, so Fly cannot foretell anymore where the market is headed….
Omens, urinal shadows nymphettes looking for underwire resistance, depression. It’s all so depressing. Fortunately my stubbornness kept me in AKAM and voila, my onions are preserved for another day. Life is good with a stiff underwire.
TheUrinalShadow says: I haven’t left. I am just waiting for the lunch crowd. Fridays are always busy because of the 2 for 1 beer specials
‘Madam’ Nancy Pelosi’s Brothel
The real ‘Madam’ in Washington DeCeased wants to investigate law-abiding citizens who oppose the Ground Zero mosque!
This is Pelosi’s way to muddy the waters and draw attention away from her Marxist comrades with their criminal bent.
But what she really wants to divert attention away from is the wide-open sex brothel she’s been protecting in her San Francisco district!
Think I’m kidding? Just Google “Madam Nancy Pelosi’s brothel district” which is in the latest version of “Imam Bloomberg’s Sharia Mosque.”
Nancy reminds us of an Egyptian travel poster: SEE NILE! But there’s actually nothing wrong with her appearance that a 10-point earthquake couldn’t fix!
A Kansas Patriot (who won FIRST PLACE in a nationwide Americanism Essay Contest !)
[discovered the above just now on the net!]
Nancy should go ahead and investigate. Maybe she would learn something.
Surprised all the traders here are not more bullish on the market…particularly with PPT hitting low levels for 3rd time in 8 days???
There are traders within and without, no?
________
This market is oversold.
there is no such thing as “oversold”
Indeud