If I hear any more shit, regarding “The September Surge,” I will find you and split your head in four parts. I’ll go QCOM 4 for 1 on your asses, without regard for personal injury. The market is simply testing my staying power, by way of perpetual, yet insidious, daily melt ups. Little does Mother Market know, “The Fly” can hold his breath a long, long time. I’m the type of guy that is willing to die for a cause, providing it is a cause only reserved for a gentleman. From my vantage point, this is a most distinguished task, one that cannot and will not be underwritten by the likes of you.
I reckon, you are far better off obtaining the friendship of a Mr. James Cramer, than emailing “The Fly” with money management requests. For the last time, small plebs, “The Fly” is not accepting new money. Moreover, even if “The Fly” was down to his last nickel, he’d never accept clients from the internets. Let it be known. Let it be archived: I have my own fucking money. Fuck you very much.
Back to the subject of perpetual mark-ups: do you think that it bothers me? On the surface, it vexes me to the point I am stroking out, like a fucking retard on a life endangering insane roller-coaster ride, doing loops. However, deep down, I don’t give a fuck. Next thing you know, POOF, “The Fly” is in Mexico City doing shots, hanging out with first rate idiots. This stock market business that you speak of is simply child’s play. My near term focus is to raise enough private capital to sink my enemies, simply out of spite. You do not know what I speak of; therefore, I will say no more.
At the end of the day, the market is all about pricing and timing. Sometimes my pricing is off. Other times my timing is off. On Jupiter’s stone and the eyes of my future great grandchildren, your pricing is completely and utterly wrong.
Good night to you and farewell.
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FIG … well almost
This a great fucking story….
you need to read a bit more
try something called a ‘novel’
From http://economictimes.indiatimes.com/markets/forex/China-India-urge-stability-of-reserve-currencies/articleshow/6482750.cms
As BRIC nations debate the need for stable reserve assets, China, India and Russia, three of the five biggest foreign-exchange reserve holders, raised gold stockpiles to record levels this year, central bank data from the countries show.
China’s gold stocks were at 33.89 million ounces at the end of June and the value India’s holdings peaked at $19.9 billion in July, according to Bloomberg data.
How much gold is in Ft. Knox?
zero
That thing is filled with the most expensive commodity, also a massive quantifiable export. Think dirty tires, emtpy buckets of greasy chicken, mouth retainers, disgusting Karl Malone hightops…that’s right T-R-A-S-H.
Damn I love when the technicals and fundamentals align…. We see 950 before 1175 (probably 1160)
?
ya, mos def, ??
yous a wanna be Mr. Bilderberg?
Or I AM Mr. Bilderberg. Makes you think, doesn’t it?
Ok I will keep quiet… I’m sorry I love this shit as you do. I don’t need a QCOM style splitting nor a BIDU style one either.
I have no doubt on your staying power.
So if timing is right and pricing is wrong, then … higher prices, voila!
So what are you sayan?
This is Primary Wave III > We go higher, higher than most expect … there, I said it.
What if some scary shit happens?
Therefore we crash on Halloween (even though it’s a Sunday this year).
A black swan event could change the current wave structure … but that would change everything anyway, right?
Fly, are you still short AEM?
He said he would short it all the way up to $71. Which is fast approaching.
Thought he had one more tranche of 2000 he was shorting at 71 … his last.
one more bullet left for AEM. $71 or better.
It hit $71 today… thought you nailed it.
________
noticed that
quite the whinefest of late via twitter. very unbecoming
you’re banned. How’s that for unbecoming?
banned! finally!
WRONG. Now that you want to be banned, it is not granted.
Cantankerous, you are.
How feel you about that?
There has been 34 days from June 20 highs of 10594 in the DOW to the high bar of 10719 on 08/09/10. From 10719 on 08/9/10 to todays high its been 34 days. Watch out. I know I was calling for DOW 36K and I still do. I am not stupid markets dont go up forever. The market will go down tommorrow or else my work is silly and I should be back in some cubicle cranking up reports and doing so me BS recons. the lady in the hat has spoken.
the best part about the tech meltup is aol getting active in m&a…shitty techcrunch, at that
I will sell iBC to AOL for 50 mill, then use proceeds to short AOL.
A Win-Win.
I will ride your coattails …. banking coin while short iBC … odd, no?
You can never short iBC, for our stock is not for public use.
short via AOL …
tea – I will let you borrow my shares for a
MODEST
interest rate.
I’m thinking prime + 8,000 basis points per day?
Why don’t you just sell them to me now before Fly sells out and shorts them via AOL rather than hold AOL to zero?
it certainly wont be a “merger of equals”
Le Docteur … if we melt through 1150 what vehicle will you use to offset your short position assuming you hold them … another ETF or high beta equity?
Le Fly … Spider got your tongue?
Isn’t this sort of post how Henry Fool got axed? Good shit. Ha.
No Henry, you were axed because you IMAX’d yourself.
We need some cool IPOs, thus we need to get rid of SOX.
GNC …. ToysRUs … Facebook
IPOs planned week, full of shit: AMRS, CCIH, CCSC, ELT, KEYW, LMAC, MY, and RNO.
Hmmm, you still long CHS … think you were long retail, right?
I wasn’t in CHS. I had ETH and DSW, both of which have returned 20-25%. I sold into those initial surges and have missed this recent push that started last week.
You Fucking lonely or what?
A preview of Fly in the coming weeks. Just watch.
http://www.youtube.com/watch?v=irYInw9B9BQ
Lol.
Frank: “Never wear a striped tie with a striped shirt.”
Dweeb: “I do it for the ladies.”
Frank: “Do the ladies ever tell you that you look like a fucking optical illusion?”
That clip is killin’ me.
Mother of all melt ups underway. Bernanke the bearded clamfucker will send all assets to the moon with masssive QE! BUY BUY BUY!!!!
Ah, Mexico City, stay in “La Zona Rosa” and keep everything sealed in the shower (like your eyes and mouth!)
As far as Rosa from the “zone-a”, that’s a greasy memory I hold dear to my lower heart from many years ago. God bless her, because she took me to the best mariachi clubs that the town possesses. Only an insider/local would have known.
Nothing like the smog down in them-there parts, as well. However, I digress.
The market……THIS market, well, to put it simply,
The FLY SHALL PREVAIL, it’s all smoke and mirrors at this point, Mr. Goldman.
Just got home, 1:00am and catching up…le Fly thank you for my BD shout out on Monday’s blog…means a lot……Just starting to skim thru it sure looks like that POMO Tips buying spiked the Market, again. Tomorrow no POMO but it’s back on Thursday….tonight Rebar/Wire/Billet is down…India/China Ore was down yesterday with no demand….this Fed buying our Treasuries every other day is really messing up the health of the market imho…ponzi scheme that isn’t going to end nicely at all…..I had a great day, even though not allowed to even look at the market….which is painful for me, lol.
I will not mention the “ninth month surge” . However, I must draw attention to the “October surprise”, which could be a lot of things, except for a market meltdown which is not a surprise. Logical thought, no?
Just know, good sirs, that the market is not overbought yet.
Exhibit A:
http://stockcharts.com/def/servlet/SC.pnf?c=%24BPNYA,P
Notice the bullish percent reading for the NYSE currently sitting just shy of 60%. For those unfamiliar with Point & Figure (PnF), this simply means that roughly 60% of the stocks on the NYSE are on PnF buy signals.
As you stare at the above linked tic-tac-toe chart of market wisdom, you will see that the bullish percent level in April top-ticked 84%—-then we got the big Q2 correction. At levels above 80%, we typically see corrections over 10% in the market. However, the 70% level is considered overbought.
We are not there yet.
Just know, however, at these levels, we are still at risk for a 5% – 7% correction.
Good day and happy trails.
correction:
supplant 82% instead of 84% for the April reading.
my lasik surgery is proving ineffective this morning.
i thought you were bearish a couple of months ago
I was. Then I wasn’t.
Fundamentally, I am bearish. However, the shorter term outlook turned bullish the end of August, due to market technicals.
Just know that with fundamentals still in a trough, the most obvious way for the banks and their robots to make money is to push the market up and down.
Therefore, be swift, be nimble.
cool…i just thought you were ultra bearish before….of course, things change…..by necessity in this market
In addition, I should also point out that at the current bullish % level of 60%, the NYSE is on a bullish double top breakout. I would not officially call an end to this bullish cycle of sentiment until we get a pullback to where the readings are at 54% or lower.
That chart is an easy one to monitor to get a 30,000 ft view, so to speak.
Unloading TZA at the open..
needle dick – can I ask why you are unloading tza at this particular juncture? Seems to me the market rally is finally slowing a little. Or sadly looking like it might breakout which would be just swell given the fact I am leaning about 45 percent bearish right now.
making new lows, will it clear 31, my price ? velocity of upward moves says sure. But how low will it go? Got a 26 limit order in.
No bit of bad news seems to move this market. Weak dollar trade? Shit I guess, you have to put money to work some where. Commodities, Gov paper, equities. I know better, should have had stops in. But it is a 3x etf so I expected a large moves.
hey hows that PPT software goingFLY? Everybody figure out it is bullshit after they got thier asses burned? you don’t even mention the scores anymore. Corelations don’t work con man!!!!\\\Wake up idiots, dont give this goofball any dough
How did you get access to a computer in the psych ward? They need to up your meds.
PPT not BS.
I’m using a derivative of the PPT readings….10 day MA to smooth out the whipsaw effects.
Also using it in a 10 day “turtle breakout” to trade ProFunds ulta emerging markets and govt bond plus. That is, when PPT makes 10 day high, I sell ultra emerging mkts fund and buy the govt bond plus. Do the reverse when PPT makes 10 day low.
130% annualized since PPT readings started.
Both long term treasuries and equities are bullish. FLY and others with a brain – Currently, are bullish treasuries a result of the US buying it’s own debt and will eventually correct and sell? Or is the debt market just giving an indicator of what’s to come in equities? Thanks!
The IMF’s new Financial Stability Board is laying out the global economic plan that all countries will abide by, lest they be economically destroyed by the central bankers. So you know the IMF’s plans are going to happen, no matter what.
The plan is for a new World Treasury comprised of the IMF, and also an IMF-issued wolrd reserve currency that will ultimately replace the US dollar and create more global economic stability. This currency may turn out to be Special Drawing Rights, since this is already being used for this purpose.
It makes sense that LT treasuries would be reflecting optimism, as the currency state of the global economy appears to have been intentionally manipulated to scare everyone, so that it would be easier to create the institutions mentioned above.
Equities will take a hit until countries are begging for a new World Treasury and a new world reserve currency. Treasuries already know what the final outcome will be.
It’s an insiders game,
All ya come on down and will put in our newest movie starring Ginger Friedapples and Teddy the Tiezer
in. ” somebody give me an insanty tablet, cause i can’t guess right no more”