Most of you are perma-bulls, pretending to be “technicians.” So please, spare me with the details of how awesome you are, with regards to this run. Frankly, broken clock trading works on both sides of the spectrum, every so often. Let me see you bob and weave this market, like I have for over 15 years, then get back to me with lessons from your alleged pearls of wisdom.
A good friend of mine runs a pretty big staffing company, specializing in IT. He reports: “vapor-lock on jobs, bro.” The jobs market is dead, unless of course you are being spoon fed federally sponsored job programs, which favors the poor over qualified, skilled workers. Things are wretchedly awful for him, much to my chagrin.
However, bad news could be good news, in a world where QE II is the elixir to all that is bad and evil. We could have a scenario where the numbers are bad, but the market trades up anyway. Naturally, the chart people, from the basement, will praise their bollinger bands, as to the reason why the markets kept going up. But, if I might intervene with a bit of logic: your methods exclude any notion of mean reversion, which is the sweetest part of investing to begin with. Let’s just agree to disagree on methodology and market bias. Always remember, while you might be right today, “The Fly” will toss you off a building, just prior to snatching your man-purse, tomorrow.
I’ve been doing this for too long, successfully, than to even contemplate the idea of you giving me financial advice.
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yea ok FIG MOTHERFUCKER
I am praying for a terrible jobs number so my longs explode in their full glory
lol better put some k-y on that
BOB AND WEAVE……………….INDUEDLY
agree 100% is longer scheme of things everybody wins or looses the game is all about mean reversion and TIMING
You don’t need timing if you have insurmountable amounts of cash
just patience
if you dont have timing you will considerably under perform even though you have insurmountable amounts of cash
True … if your timing is off, all of your “insurmountable amounts of cash” will eventually wither away.
banned
timing is everything.
so is grammar.
after all, it’s the difference between
FUCKING A DUDE
and
FUCKING A, DUDE
roflmao crusher.
That’s punctuation. Grammar would be “A FUCKING DUDE”. Now get back to school.
do you really think I have time to re read what I wrote on internet blogs????
you should. because studies says we remember only 20% of what we hear and read. 80% of what we say and write.
now where does the 80% comes from?
Our time will come.
Soon.
Hows that AKS thing working for ya?
We will see tomorrow.
aks should wham bam thank you maams on that back of that aa number
AA and AKS are both local companies. They both suck. Both run by tools.
banned..
“Alcoa is the worst performing stock in the Dow Jones Industrials this year, registering a 24 percent decline.”
Read more: http://www.post-gazette.com/pg/10280/1093363-100.stm#ixzz11iEfPuOS
AA revenue is up 15%, aluminum prices up 2%, profits down 21%.
AKS is fucking struggling. just sayin.
great tune, brian eno….killer dude…chain me down….but still free
AA beat .. nicely
AA meets expectations at PE over 50. And it’s been there for 2 years. After all those stimuluses and economic recovery. Jesus.
looks like AA had a good Q
“……….But, if I might intervene with a bit of logic”
you dare use the L word???? there is no more logic. the estimates are so #$#@ LOW that every earning news will beat the estimates. for a change, I would like to screw that bitch of a market for once ….. I am running out of Vaseline and my butt is hurting like hell.
so take a good dump..lol
George says that all the action by the Fed could result in stocks going much higher – an asset bubblicious. George Soros.
I work in semi cap equipment (not KLIC). We are hiring for the first time in a while, but sadly, I take it as a sign of a top.
I supply companies like yours with components. So far new orders (not sales) have fallen about 50% this far into the month compared to last month. It’s almost like everyone was rushing to make their shipments last quarter and now things are really cooling off. We’ll see if this new trend holds up.
Fly, it is not about being right or wrong, but about being too early or too late to the game. The last 15 years should have taught you that.
Your only as big as your last hit. Unless you go to your grave as a hit, you are considered a has been.
Every business has a life cycle.. Something to think about. If you want to be remembered you have to be a legend. Like Ronald Regan, or a Billy Graham, “the fly”, for example.
just for giggles
You’re banned.
You are cracking me up
Tis better to not be remembered than to be dismembered.
To wake, and then to bake…
LDO, then some ibogaine to help make sense of the market.
Inverses oversold?
Horatio is awakening from his slumber.
Check out the photo in the bottom left of this page related to surgery. Seems familiar from somewhere.
http://www.washingtonpost.com/wp-dyn/content/article/2010/10/07/AR2010100704254_2.html?hpid=topnews
facelifts specifically.
not advice
just
“shit is gonna get wacky”
oil was 3 bux off the top today.. thats kinda wacky.
Hardly a big surprise on the oil move. As i said a few times this week, very vivid “complex head and shoulders” top on the daily chart.
http://thepatternsite.com/chst.html
http://finviz.com/futures_charts.ashx?t=CL&p=d1
At the same time, the even more vivid inverse H&S on the gold chart (see Feb 2008 – July 2009) has hit it target. (1000 + (1000-700), roughly speaking)
Everyone is banned
http://www.youtube.com/watch?v=MrTsuvykUZk
lol
Here’s the deal I’m the best there is. Plain and simple. I wake up in the morning and I piss excellence
You only wish you secreted awesomeness constantly, I have to walk around with buckets to collect it like sap from the sugar maple tree.
Hugh Hendry: “I am dealing with things which are slow to develop. I have some young children and I recall we planted some seeds and I said to them, ‘This is going to grow into a beautiful flower.’ And every day we came out and we watered it, and after the fifth day they lost interest. They said, ‘Daddy, you’re making it up.’ And that’s the danger. If you’re pressed against the screen, watching every moment of it, you end up giving up.”
A very wise parable from a wise man.
bake!! and get ya pop-cone ready
Great advice…per usual.
Looking for some info how the PPT can benefit a Canadian?
By some US money (its cheap) and start an american account log on to ppt find some good shit and make your trade
wow buy i meant
Fly, you bring up a good point on mean reversion. It will happen at some point.
However, I get the sense that the jobs data tomorrow has already been baked in. It should come as no surprise that many people’s expectations are for a bad number.
Consider this: If it’s a good number that’s where the surprise will be—to the upside…..and the risk, therefore, falls more on those who are short or underinvested at this point.
If it’s a bad number, as expected, then I think we do get that sell-off and depending on the severity of the number, it will most likely be contained to around a 5% correction. In that scenario, stocks should be bought, given the current market trend.
Your humble correspondent is just saying….
But, IF I DID give you advice, it would be to add your own traffic cam wherever possible!
New Database: Traffic Camera Revenue Exceeds Expectations
http://www.kcrg.com/news/local/New-Database-Traffic-Camera-Revenue-Exceeds-Expectations-104268749.html
“I love those calm little moments before the storm”
http://www.youtube.com/watch?v=gKjJKbgqf2A&p=63877E6C8B415F4F&playnext=1&index=55
Gary Oldman killing it…..
Everything is baked into thw ultimate free lunch dessert cake
Private jobs in line.
The early daytrade plan: Up financials (XLF)($$ flowing here the last 10 days), down semis (SSG)(MU didn’t help), and only God knows about the golds.
Caveat: Just watch the dollar= buy everything if it goes down, sell everything if it goes up- would still see XLF,WFC,JOM,BAC as possible intra day longs.
Need to layoff more Gov’t workers and cut their pensions. Make them contribute like private workers, and NO full retirement benefits before 62.
that would be JPM, not JOM
It will be 68 in a few years.
The market will rocket higher seeing the numbers. Bears are screwed, including me :(.
I just watched as we initially jumped negative after jobs report……then magically the dollar started going down bringing the market positive.
Is the govment purposely using the dollar to dismiss yet more bad data??? Sure seems like it!