iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,446 Blog Posts

And the Correlations Settled In

The metals were weak all morning long and it finally caught up with the greater indices. They were like little mosquitoes, draining the market little by little, until it was too weak to stand. Well, here we are now and X is diving into cement pools, with the SPY not too far behind. This is especially disheartening since TLT is down so much. But I digress.

Soon enough, you will come to understand that “The Fly” is blessed by the stock market Gods. They bestow gifts of coin to him, while preparing his harem in the after world. While it’s true, VXX is not behaving and is deserving of scolding hot water to the face. I am subsidized, emotionally, by the joyous action in TZA.

I TZA your face.

In short, prepare for the rollover, AND MORE.

UPDATE: I bought 10,000 SCO @ $15. Fuck oil.

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31 comments

  1. omen

    Riding a small TZAmobile.. 🙂

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  2. Itchy & Scratchy

    TZA is the ticket right here.

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  3. Trading_Nymph

    Music of course to my ears…..I want to see even an uglier sell off in commodites tonight in Asia…

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  4. ALLPROz

    VXX is really just a number relative to itself the day before, it’s the tail of a tail of a tail of a dog.

    Powerful indicator to track but TERRIBLE for trade as usually you pay a premium.

    ALLPROz

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  5. Patrick

    TZA’ed should be a porn reference:

    “HAAAAAAA!!!!! She got TZA’ed in the eye!!!”

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  6. TA

    VXX has returned to it’s rightful title as the UNG of volatility.

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  7. TraderCaddy

    The rising yield curve will help the financials have some wind at their backs for a change.

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  8. buylo

    But, but, but, but SCO? aren’t the hurricanes coming?

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  9. Flatman

    I been riding the DRV scooter all day. Weeeeeeeeee!

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  10. nd4spdgt

    Don’t TZA me bro! Don’t TZA me!!!

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  11. Frank White

    I am blessed by stock market Goats.

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  12. Russian Saylor

    I UCO your face… lmao.. just kidding… no position in oil..

    PS. get the fuck out of VXX… switch to VXZ.. if you want to own that shit at all….
    contago can fuck you like nothing also can….. welcome to UNG paradize.

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    • hubbs

      just looked up VXZ – compare with this VXX seems only goes down fast, no? while most trader use VXX then?

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    • shaz

      Yep…I had a paired trade of long VXZ ($2) and short VXX ($1) for the last 2 weeks or so. Cashed out today, up 5%, with little risk…Just let the contango and other various factors weigh it down.

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  13. Rand

    That would be 100 virgins in paradise, but if you are king of the peanut gallery, you only get 72. Don’t ask me why, his own blog says so.

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  14. TraderCaddy

    TZAnia is in Africa.

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  15. Arod

    Fly,

    Yes, you know what your doing, however you continue to bury yourself deeper in the VXX hole. When will you say you are wrong and sell your position?

    Apparently things have changed, which means the VXX no longer trades as it did when you initially made your big hit, infact it trades down when the market trades down.

    Even if the market declined to 8500, you still wouldn’t be able to make back the losses.

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  16. Ol' Jack Burton

    Seems the market stole fizzy lifting drinks today…tomorrow, the big burp?

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  17. needle dick the bug fucker
    needle dick the bug fucker

    TZA = vertigo

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  18. Keren Or Shalom

    Sorry to blow your bubble but Quantitative Easing is over since August 25, secretly and unobserved, Quantitative Tightening is now on:

    Operation TWIST Again: Quantitative Tightening

    Giving Tempo to the TWIST.

    Operation TWIST Again: Market Crash Cheap Date.

    Update you Software

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