This summer, The House of Fly will be “road tripping” it down south: destination Savannah. Along the way, I will be throwing pig bones and chicken wings out of the window of my Ford pick-up truck. I will carry 10 shot guns and 10 hand grenades, into “enemy territory.” Just like the Northern Masters of The Federal Reserve are ripping through your purses, via egregious inflationary policies, “The Fly” will burn your country to the ground, and more.
I’ve told you before: I always see the worst in people. It’s in my nature. I wish life was simple and dynamically pleasant. Unfortunately, my mind is racing 200 mph through complex asset management strategies, some of which, inevitably, end up being losers. While you think toast, I am making croutons. You fish for food: I break your pole. Scratch that homo line, pardon me very much, to the 3rd degree (highest degree possible).
Tonight I will get drunk, but not from some low-end pumpkin ale. “The Fly” drinks amongst honorable people, consuming the very best wine available for retail consumption. Check me on twitter: @ The_Real_Fly for twitpics later on this evening.
I know you want to talk about the market and “picks.” Frankly, I don’t have an interest.
Finally, I’ve decided to break a long standing policy on iBankCoin to avoid talking politics. I’m going Costanza on that policy and will be offering FULL COVERAGE on election night, here on iBC. Believe you me, you will not get better political commentary anywhere else on the web. As the young, punk, wise-ass fly used to say: “you’ll see.”
Top pick: Kings of Leon album.
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First
Fly,
There is some stock related talk show that automatically streams from your blog about 1 hr before the market opens. Who is this guy? He has woken me up like 3 times now.
That would be me. See “CREATECOIN” and “SCOTT BLEIER”.
Scott,
I read your blog, it was based on logic and facts. Absolutely no stock analogies involving time machines, bearded clams, or street canons. Couldn’t even find a single hooker reference. That’s no way to trade stock.
That’s Scott Bleier. He blogs here. It’s not on auto anymore. Sleep well
You must now press the “play” button…But I make a good alarm clock, heh?
Very effective alarm clock. My speakers are cranked up on high all the time.
Thank God it’s not on auto anymore. Don’t get me wrong, I appreciate Scott’s commentary, but his presence is the ultimate block when you start up Firefox at work and he is screaming like Cookie Monster through your speakers that you forgot to lower. Yea everyone look at me, I’m doing work.
GIVE ME COOKIE!!! more like Oscar the Grouch!
Happened to me as well.
Nothing to talk about in this market today anyway.
What is the wine of choice this evening? I am in the mood for some quality white wine (opposed to the grocery store wine), can you make a recommendation? Not like a 1000 bottle more like a 20 – 40 bottle.
If you can get Culmen Reserva (Spain) 2004, buy it. 96 rated, WS. One of the best wines I have ever tasted.
Called my local wine merchant… he has never heard of it but is intriugued – says he’s gonna do some research and call me back.
What region is that from?
It’s a grenache-temperanillo mix. I’ve long been a fan of light temperanillos (they have had the added bonus of being cheap), so I am eager to try this one.
Good as the Barolos??
_________
How about Bodegas Lan Addition 2005?
I know very little about wine but he said its very close. 91 rated
That was his alternate option $56.99
Earlier this year I was in the Finger Lakes region (upstate NY) and really liked the offerings from Hermann J. Wiemer, a perfect wine for hyperinflation. They have a good Gewurztraminer and Riesling. I recall them saying 2007 was one of the best years they’ve had at the winery and in the region.
In fact, Gary Vaynerchuk has a review of it: http://tv.winelibrary.com/2008/02/page/2/ Episode #409
In direct contradiction to the mass produced cheap trendy pinot grigios, I suggest the 2007 Movia Pinot Grigio. Available, I believe, in some better eateries in NYC. Ask at Breslin Bar if they have a PG from Slovenia. That would be the one suggested above.
Dry like domestic Chard? Do you want more grapefruit or looking for tropical citrus? What about light and floral? Whites can see a huge difference. Ever have a Riesling made from Botrytis Cinera grapes?
A quality white wine you ask? $20-$40? It can run from standard Napa Chards to the Viognier blends very similar to the Rhone blends. White Bordeaux as well as Chablis would be a good area to look, but as to a Chateau I don’t have a recommendation on that front.
Several of my favorites domestically would be Sonoma Coast Vineyards Sauv Blanc ($23.99), Rombauer Chardonnay ($29.99), Hall Sauv Blanc ($21.99) or for a heavy, oaky and golden Chard – Franciscan Sauvage ($39.99) – a wild yeast Chard that is on one end of the extreme spectrum of Cali Chards.
As mentioned – Italian PGs drink drier then the domestics, and Oregon is producing some fine PG’s called Pinot Gris- no difference in the grape however, just a state ruling to call it Gris.
Mr. Fly, be sure to eat here – http://www.vicsontheriver.com/index.html – when you get to Savannah. Ask for the corner table where you can peruse the map drawn by Gen. Grant which was discovered during renovations.
Love Savannah, but bring your gat. Totally serious.
+______________
I had to look up gat. Never heard that one.
Tybee Island.
Flyseph, of course when you come through Richmond I”ll give you all the scoop. Charleston/Savannah were my old stomping grounds.
The election was in the bag for the right since spring. As soon as i saw “real unemployment figures” cross 20%, i knew the republicans had no chance of losing. Even at this point, any scandal imaginable could break out, and they’d still be likely to win. That, at least , kept me from even trying moderate swing shorts until last few weeks.
As far as the subject of 7 dollar burritos.
Nothing but a dark future for CMG :
Dow rally=Food input prices continue skyrocketing.
Dow drop=Discretionary restaurants will sell off hardest.
http://www.youtube.com/watch?v=yz3A5JHgQLI&feature=related
The irony here is that the GOP (if they follow through with what they’ve been promising) is more likely to cause the market to go down than the Democrats. Cutting spending favors companies and ventures that don’t exist yet, since most large scale spending ends up in DOW pockets.
I mean, I think it needs to happen, but the market rallying in the face of this obvious outcome is going to be in for a shock if suddenly companies that have been sneaking government contracts start posting huge disappointing numbers.
Same thing if the GOP reins in Bernanke, really.
“Sneaking”? You’re 100% correct, even though it’s been in the open for the past 30 years. I think the most telling statistic regarding the growth of the federal government and its consequent spending is the growth in the metro DC area over the same 30 year timeframe.
It will be interesting to see the effect the tea party has on the dynamic of government spending.
Maybe the market is rallying to keep the Dems in the majority?
I have trouble seeing any elements of the market possessing that kind of discipline. Besides, the Democrat’s problems stem from a perception of over spending, negligence of the economy, and behaving tyrannically on social issues. The stock markets behavior doesn’t necessarily fall into any of those categories or manage to trump them. So if this rally is trying to hail mary for the Dems, I doubt it will play out to their favor.
Stock market loves gridlock. Think about it.
fuck yeah i was dreading election night but now i’ve got something to look forward to
fuck yeah!
there we go!
If Le Fly is 1/2 as funny on his political commentary as he is on his stock commentary this blog is gonna blow up (in a good way)
Cheers!
I am thinking of joining the Rent is Too High party 🙂
Indeud. I was thinking hard about how to do a Halloween costume with that hair do and mustaschio [sic].
What’s the wine equivalent of Bud Light? Yeah, I’ll have that.
Miller High life….The champaign of beers!
Bullish
I don’t have the spelling in front of me. If you go to my twitter page, i posted a pic of bottle. It retails for about $60
OK thanks. I feel like drinking like an honorable person this evening… but if I don’t make it to the wine store by eight, I’ll be drinking fine vodka like a non-honorable person. Either way, I’ll be drunk.
On your way to Savannah try and stop at the Waffle House at the I-95 Hardeeville, Ga exit and ask for the waitress Gladys.
She is the one missing a few teeth and has sweaty arm pits.
Get the Pecan Waffles with a side of biscuits and sausage gravy along with a triple order of hash browns smothered with onions.
You won;t regret it.
That would be “won’t” regret it.
Damn cataracts.
He has to stop at Pepe’s South of the Border too, Spring-break kitschy style.
___________
Isn’t Gladys the one who wrote the book on behind the counter hummers? Or was that Peggy at the Cracker Barrel down the ave.?
Oh he’ll regret it. In 3 hours.
Ps my new android phone moto droid x is badass
Probably.
His Yankee stomach can’t handle good Southern vittles.
At least while in Savannah he can calm his stomach down with some shrimp and cheese grits or a low country seafood boil or perhaps some peach cobbler.
BLACK-berry cobbler. (Remember that video w. the three guys and the one dude on skates? I’m still laughing at that to this day)
_________
Verizon!!
I’d recommend road tripping in a replica Dukes of Hazzard car instead.
This is the correct answer!
How about the CMG to the moon party? Sheeech
Random Political Thought….Fed Meets day after election, if Republicans take the vote…wonder if Fed will delay QE to give the impression that their election caused the market to crash….I’m bored.
Market will crash on “sell the news” anyway.
The Fed is apolitical, save for “status quo ante”
_____________
In theory…political appointments by past presidents says that these people are not there just on merit alone. Agree on the “sell the news”……
Fed said they are going to do 100 Billion QE per month, that equals a 5 Billion POMO every day of each month. So, since the market never goes down on POMO days then that means starting 11/3 the market will be UP EVERY DAY. We will never see a down day again. Zimbabwe Ben has decreed it will be so.
Good. Let’s get the Dow up to 20,000, the buck down to 0.50 Euros, and inflation up
to 5% per year for a decade or so. We’ll be back in Fat City.
Too bad your deficit is chugging along at $120 billion per month. That’s bigger than QE.
Its not bigger than QE plus 5% inflation (700 billion a year)
120 Billion/month Deficit minus 100 billion per month QE does not equal 58 Billion/month inflation ($700M/year). It’s not as simple as that. There is the hidden deficit. Promises. Fran & Fred, GM, bank bailouts, FED mystery spending/lending, upcoming Forclosuregate bailouts, Social Security, crappy health care for all, etc.. Without austerity measures, QE’s must grow fatter and fatter as a result. Net result = Fly’s aforementioned robbery of middle-class America via inflation to Neptune. As in you’ll need a wheelbarrow full of money stacked roughly to the orbit of Neptune to buy a tomato.
The net equation at the end of the day has been prescribed to be inflation. I think that this baby inflation they are fucking for will run away on them and get really big and hairy in a nearby cave, suckled and raised by wolves. Then he will attack the peasants in the village known as America with his spiked club and hockey helmet.
Remember to bring a thousand friends with torches, and burn a path a mile wide to savanah. There take up residence as an american ceasar. Then call the president, and tell him you have taken over georgia in the name of republicians!
It’s a good idea, but better to take it over thereby establishing a formal monarchy. It would make sense to change your name to George. That way if Obama says “I don’t see your name on it” you can quirk an eyebrow at him and say “Hand me that map fella.”
The south shall rise again:
http://static.tvfanatic.com/images/gallery/cartman-as-general-lee.jpg
Which reminds me…
What has 5 teeth….7 titties and a hunch-back ?
The night shift at Waffle House
lol.
I totally thought it would be Jeffrey Dahlmer’s vegetable drawer in his fridge.
..or the bottom of the crock pot..
pass on the corn niblets
The night shift is not that good looking.
Trippin’ on next summer’s road trip?
Neighbor Fly. Can Steve, Jr, and I come with you to Savannah next summer? We can stop at South of the Border like Jake suggested. We can go to the Sombrero Observation Tower and throw tacos at the tourists on the ground. We can play miniature gold and maybe TraderCaddy can meet us there for a round or two. Just like the sign says- “Chili today and hot Tamale.” We can get some of those cool fireworks and sneak them back into New York and you can throw them off your roof at old lady Botticelli.
We can also take the road trip over to the Stuckeys in Darien,Ga. and pick up some Pecan Log Rolls and then maybe get over and see the world’s largest peanut in Ashburn.
Sounds like fun. Let us know.
Since we are on the subject of politics…….
I was traveling in Ohio a couple weeks ago doing some rep work at a trade show and I passed a place with one of those never ending yard sales going on each day. A sign in the yard said “Democrat kittens, FREE”. For the first three says I drove past, it said the same thing. Then on the fourth day I did a double take because the sign now said Republican kittens, FREE.
I debated in the back of my mind all day long what could possibly have caused the resident to change the sign in such a manner. My curiosity got the best of me on the way back to the hotel sand I stopped to inquire about the sign change. Walking up to the lady, I asked if she had a different batch of kittens today than the previous days. She replied, “no, they are the same cats” and also that many people had asked that same question.
“So”, I said, “what makes them Democratic kittens yesterday and Republican kittens today”? She never batted and eye and matter of factly said, “Yesterday their eyes was closed, today they’re open”……….
I’m just sayin…………..
That was my neighbor… you should see when she puts out the sign, independent kittens, $5
Good story heaterman! Love it!
Ex nyc’r now charlezton. Savannah/ hit ‘vics on the river’. Shrimp n grits, biscuits n gravy, oyster roast, any pig cuts.
Love Charlestown, but Greenville’s better for bidness and raising kids.
Greenville may very well be the best city in the whole damn country. No shit.
__________
Damn Jake, did you follow me around? Lived in Traveler’s Rest…
Business seems to be great in Charleston. My friends who run businesses there aren’t complaining. And as for kids, Charleston is absolutely better. What kids doesn’t love his choice of beaches? Fishing? History?
Don’t miss Sea Pines on Hilton Head Island.
Everything on Hilton Head is overrated, especially the golf.
I’ve considered the Savannah portion of the east coast as an area to buy a home for later in life. The area seems to be a good weather compromise.
btw- my first impression reading Fly’s post is that he is suggesting the market rally may continue into next spring.
Does anyone know any bullish market blogs?…Cramer, yes, that’s a given…but otherwise I can only find bearish ones telling us about how screwed up the world is, and how everything we are doing is wrong…just wondering.
Quint
How about all of ibc’s bloggers? Wtf
Fly, I can’t agree…I don’t hear any of them saying they are long-term bullish, they are just trading the trend…if we get two down days, they’ll all turn bearish, and I believe most of them don’t trust the state of the economy or market.
As opposed to any major stock market blog – they are all bearish, and some uber-bearish. I”m just sayin that I can’t find anyone blogging that they belive we are in a long term secular bull market – whereas all I can find is everyone still telling me we are in a long term secular bear market.
Please point me towards the uber-bulls…
Did i see the lowely texas rangers beat the mighty yankees out of a place in the world series??
Guess that money does not buy a champion make, eh?
Being from texas, i think that i will laugh all weekend.
Being from Boston, I will laugh too.
We sucked this year.
Fans everywhere should boycott
the Major Leagues
as we pay nearly $8 for an 8-ounce cup of beer
and $5 for a bag of peanuts.
Take me out to the ballgame my azz…
QE2
Considering that the borrow and spend, spend, spend voodoo economics of Reagan and Bush are the cause of our economic grief, the Republican kittens are the ones sucking on the military industrial teat.
Somebody had to come here and say that. Are the political ads nastier than ever this year? I mean, from both sides. Just nasty and full of lies about each other.
Politicians………..when they lie, they speak their native language.
What we need are some true statesmen, not weaselly mealy mouthed politicians interested only in how the press release will read tomorrow. Bastards. All of them!
You can’t prove that.
In 1981 Reagan signed the largest tax cut in American history. During his time in office, the national debt went from 700 billion to 3 trillion.
Bush signed tax cuts totalling 1.2 trillion over 6 years. $4 trillion was added to the debt during that time, including a 1.4 trillion deficit in his last year in office.
$6.3 trillion was added to the debt by the fiscal policies of those two presidents. I stand by my comment of “borrow, borrow, borrow.”
The US needs to cut spending drastically and to sharply boost taxes if the country wants to avoid a financial catastrophe.
Carl Futia and Tony Caldaro are bullish.
Who?
Tony=OEW
Fucking Ryan Howard staring at strike 3. Fuck you blackbeard the closer. Fuck Cody Ross. Fuck Lincecum who looks like the kid from Dazed and Confused. I haight [sic] your loser team.
Go Giants!!
The Bearded Clam wins again
Wilson is a cross between Ricky Vaughn and Ben Bernanke, with better eyesight.
Anyone look up ibankcoin on Alexa? Its rating is at 55000 while the slope is at 67000. Ratings are down for the slope…