We’d be down more than 2% today. I know the metals do not hold the weighting to avoid such a decline. However, bulls look to those names as leadership. When the leadership is strong, bulls tend to hold onto their sell tickets. Look at the other sectors getting lit up today and ask yourself “does this make sense?”
Answer: of course it doesn’t, you stupid jackass.
I will make this simple for you. Europe is today’s boogieman. As a result, the euro is getting smashed to pieces, lending “apeman” strength to the dollar. The yen is powering forward, further destroying the entire country of Japan, Godzilla style. And, finally, TLT is ridiculous to the upside, as predicted by certain seasonality trends. This is a bad recipe for a rally. I am not ruling out a rally tomorrow. Understand me now, I am ruling out a rally for today.
My longs include FTK, iBN, C, BAC, GLW, GS, amongst others. I have decent exposure to financials and massive VXX positions. On a personal level, I am about 75% invested in TZA. The other 25% is cash, which will be reserved for dip buying opportunities. Essentially, you do not need to understand my methodology; but you must respect my pimp-hand–for it is strong.
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Still loving my ISLN baby.
The only way to describe our markets and therefore commentary regarding it is “manic depressive”.
Why the volatility? Because fundamental investors and long term investors have left the building and have entered the bond bubble. Robot trading is 5 to 1 versus humans (HFT), and everyone is attempting to play the swing. This is why we have had so many 90% days up and down plus significant new highs and new lows (H. Omen) because of mass confusion between economic reality and talking heads manipulating market sentiment.
Your dollar will be worth nothing in QEX^x, better spend it now!!! We are approaching the greatest depression, better save every dollar as everything becomes cheaper as the dollar strengthens in a low growth and low interest rate environment with global loans is USD where the dollar will be needed, crashing equity values and housing prices!!! Unusual uncertainty indubidibly, but this is ridiculous since these two commentaries are playing out almost weekly with the market gaining or losing.
Tim, is that you?
holy shit 75% in TZA. That is fucking crazy. Fly has prepared for the double dip.
On the oversold, I was 100% TNA/FAS/UCO
wtf dude. i did the TZA all in before you. totally jackin’ my style… obviously, i have to commend you on the better entry…. FIG, i suppose.
does anyone know why Gold popped up this morning at 8:00am.
That’s when I woke up.
______
more buyers than sellers
FIG, I assume he means that either A) he has currently purchased 75% of his planned purchase of TZA, or B) of his current holdings 75% is represented by TZA, which if he’s largely in cash could still be a fairly small position. If I am wrong and 75% of his total portfolio is in TZA then I agree, yeah, that’s fucking shit flinging crazy.
I think he means 75% of his portfolio is in TZA. He said he has 25% in cash for dip buying.
It is 75% in a personal acct – part of a highly complex, bareballs strategy.
Erin Burnett is about to use her pimp hand!
“Essentially, you do not need to understand my methodology; but you must respect my pimp-hand–for it is strong.” – Classic!
Mr. Fly is right again… $TZA
FLY you did it twice in one day. Announce that you are buying TZA and boom the price spikes.. almost to the minute..
My personal aggressive accounts exclusively trade the ppt oversold/bought ranges and are up triple digits this year. That’s all i will say.
I figured that. With multiple 10+% up days, you get to triple digits fast.
I can buy TZA and sell it via PPT instructions. Total automatic money making. However, Scott is not following the PPT for some reason.
Scott has his own methods.
Well, duh, we saw that coming….China closed 18 steelmills on Sunday and another 36 last night for about a month to end of the year. The China Billett prices spiked up along with Rebar futures on the Shanghai Futures cuz they think less steel mills means better steel prices in the future….but ahhhhh you still need Demand…and with over supply and slowing property and now buzz about slow down of autos…..this giddy guess could be a bit wrong…..but it explains the metals..
and my fustration on Sunday night over china government messing with it all.
So I take it you took a large metals position last Friday… Duh… the US markets have been closed since Friday.
DUH NOTHING. Sorry Nmph, but you are a perma-bear.
Well I am a perma bear cuz Shanghai Copper is a bubble that needs to pop…but the Metals being strong was just so fustrating cuz without China Govt action on closing mills , you are right FLY we would be down a lot more….Bullish…China acted when market was closed.
Fly..the “duh” part was my fustration with the Metals being strong ….they shouldn’t be, if China would have stayed out I could have had more of a sell off.
Set aside the fundamentals for now; it’s a fuckery market, of the government type
u trade like a monkey jumping back and forth on trees, im longer term bullish and medium term also, we are just a tiny bit overbought but overall taking the short side is a very greedy thing to do right now and is completely egotistical especially of you and the PPT
Who cares what you are doing? I am up 38%/250% respectively. That’s who I am and you’re nothing.
u da man. those are truly some space alien magician numbers!
Hahahhahhahahhahahahh
Fly is just jumping between trees that have fruit on them, FIG trees to be exact.
@john – do you really think losing your ass morally correct? oh. forget it. i don’t care.
Seems gramatically incorrect to me.
Cornelius and Dr. Zaius (from Planet of the Apes) were pretty smart primates.
Don’t listen to him. I’m 300% short with The Fly.