Let me explain this to you: nothing can stop this market, because all things priced in dollars are under assault. If you haven’t heard the news by now, the U.S. government, through the conduit of the IMF, will backstop the entire continent of Europe, vis a vis trillion dollar loan. Let that sink in for a minute.
Okay, time’s up. This is some seriously fucked up shit and I am sure goes against everything this country was founded on. Forget about your bullshit Austrian economic models. They mean nothing.”The Bernanke” is only interested in Zimbabwe style inflation. Thinking about where the Dow should be: if the dollar drops by another 40% from current levels, you’d be nuts not to think it will not be above 14,000. Let that sink in for a minute.
Okay time’s up. I am not bullish because I believe the hype, like that idiot on teevee (which idiot, huh?). I am bullish because I have no choice. It’s obvious, the Federal Reserve is going “Lotso” on the world, enslaving people with dollars. You fucking sinners out there, betting on a decline, will be greeted with black flags at your surrender ceremony. We are going “full Dykstra” into the New Year.
In closing, in the future, talking apes will point towards the statue of liberty and say “those people were fucking idiots,” just prior to eating a “trove” of bananas. This is the era of Groupon, where nothing makes sense and everyone is at risk.
Enjoy it while you can.
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Infuckingdeud
Yeah, great fracking, flocking post!
Merry Christmas (in advance).
Short dude. It a new service I have called The _Fly indicator – it we measure the constriction of the fly anus …
Dear Le Fly,
Respecting your space alien magic may I submit by only being invested in the first day of the month, lesser beings could have received returns since March 2009 almost identical to being invested each day with far less risk. Better put, almost all the gains have been contained on March 1, April 1, May 1, June 1, etc.
http://www.fundmymutualfund.com/2010/12/more-first-day-of-month-effects.html
This too will pass. Like a bad Chinese Burrito.
Speaking of Dykstra, in case you missed this last month, he was in our local:
http://www.vcstar.com/news/2010/nov/22/dykstras-calif-estate-sold-at-bankruptcy-auction/
If Dykstra hadn’t been such a retard, he would have hit .330 lifetime.
Just saying……
I am much bigger than some child’s game. I contribute to popular culture – hence “full Dykstra”.
If Lenny was still solvent he would be buying mink ranches and running personalized coffee mug kiosks in the Galleria…
Dykstra screwed up when he went to work for Cramer.
Fly, you see the truth of things.
I need to figure out how i can best become rich during this period of idiocy, and avoid the total system collapse that will surely mark its ending.
Have a wire transfer account setup with APMEX in advance. Start moving your profits into junk silver, gradually… starting in January 2011.
Maybe more to the point would be to ask, how do we keep what we do have left when the wheels come off this crazy train.. Our money will not be worth anything that’s for sure.
http://www.youtube.com/watch?v=JRbPWcLode0
that was his best set up ever. tommy aldridge.randy rhodes. and ozzy looked so much healthier back then.
up 3.5% today.
thats pretty much criminal.
Im flat after my biggest position finished the day down 2%. Makes me want to rip the fucking mustache off of someone.
At least you weren’t holding a big position in MMT like me. It’s still mostly up. But a big move off the high (temporarily). I still think I’ll sell at new highs in the next week or so. But it doesn’t feel good…
OMG! I was up 3.6% today … 0.1% more than The Fly. NEVER did I expect that to happen. Must be some kind of cosmic shit.
But I manage millions, while you trade 4 figs Zeeco
This stuff is hard. I admire The Fly and all who successfully bank coin, even those four fingered zeccos.
He beat me by almost 100 bp’s today.
That’s pretty good.
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40% drop in the dollar? If europe cant economically function with the euro at 1.30, how would they do any exports or tourism at euro 1.70?
Look for the Russell to drop around 20 points by friday. In fact, it should drop even faster if jobs number is good ( as it would boost the dollar).
That’s the thing orangy: Europe too will go down (almost in lockstep) while developing countries (like Canada) will take a relative rise.
LOL @ Canada a developing country.
Yeah we just got clean water up here, and flushing toilets.
Can you spare us some food aid?
Ignorant! Learn a little about your neighbors.
We just got a second area code, and FM radio a few weeks ago…
Still hoping I can get electricity in the next 5 years or so.
Could someone spare a snow knife. I need to build another igloo to store my American $$ in as we will soon need dog sleds to cart that soon to be exponentially inflated currency around.
Go2Mars is a canuck, I’m pretty sure.
He’s talking about developing as in “natural resource heavy,” I think.
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I was mainly kidding. Canada will rise based on somewhat firmer adherence to common sense w.r.t. banking practices, in conjunction with vast natural resources. But the truly developing world, who aren’t involved in this silliness because they essentially have no economy yet, or limited exposure, are the real winners.
I live in Calgary.
Did you guys get electricity yet?
elec-what-city?
Forgot to add this–
http://chart.ly/jucm8ly
Some market profile charts (Volume histogram studies), demonstrating why the Russell could make such a drop
I respect anyone who uses Sierra…
Those aren’t sierra charts. I use ninjatrader
The official platform of ninja traders
http://www.youtube.com/watch?v=-SLsA_Opybw&feature=related
Oh, I see…
Buy the Dip…
Fly’s message… in a short cartoon…and it sounds like him, too.
http://bit.ly/ikyboo
rated “G”..lol
If the dollar is going down, then housing values should should start to go up soon also, right? Just asking because my house value has decreased 40% in three years.
KBH
Added some before the close …. following your battle cry!
Texan “housing values should should start to go up soon ”
housing values should should start to go up – eventually.
They may continue down for awhile. Still lots of inventory in & being added to the market.
Fly Re: KBH, well played. Who was it saying what a bad idea that was yesterday?
‘We are going “full Dykstra” into the New Year’ – that’s an awesome sound bite.
But remember, in his playing days, every time Lenny went into “full Dykstra” mode he’d end up on the DL, pissing off old-school fantasy baseball owners everywhere..
This is America taking over the world. If the Euro’s were smart they would refuse the Bernanke Bux.
Noone talks of this outlier scenario: USA wins the endgame. Although the extremely crowded trade has dollar to zero, put your feet up and imagine what if…
What if the Eurozone slowly implodes one country after another and eventually falls apart as a failed idea. The dollar could be the safe haven and shoot up as a result. As the story goes: “when the bear is chasing the group, you need not be the fastest, just not the slowest. ” Maybe the USD is that refuge when JPY and the EUO aren’t considered safe. Oh, and thus the clam would be correct and take a victory ride down wall street.
eom
When did you switch teams, Cebu?
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Haven’t really switched Jake, just woolgathering. I read an interesting article on BlackSwanI which talked of liklihood of EZ imploding: the irish and Greeks will start throwing cobblestones soon over forced austerity. (Imagine you are a 20 rear old irish son wanting to beginyour life, buy a car etc. Then learn, no you are an indendentured BK slave, must pay tons on taxes, poor wages and less services. It’s gotta make em crazy.) I’m confident that will occur and maybe this will end well for the usa.
Let’s face it the odds are(90%+??) the dollar falls in the long run… but this may take a crazy turn.
The Irish and Greeks will just do what their forefathers all did (like mine did, in fact)…
The will emigrate to Inwood, Manhattan and Astoria, Queens.
God bless and keep those bastards coming. I never liked that our historic brain drain of picturesque old Ireland (and to some extent, Greece) was ending with financial independence in those states anyway. Besides, It’s the natural right of the United States to get every other country’s best and brightest. Haven’t you ever heard of Manifest Destiny? 😉
Screw those Celtic Tigers!
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Yep. However with the Republicans initiative to cut the deficit you can forget about economic growth for a long, long time. USD might be safe, but will it be profitable?
Right, because if we don’t have consistent government overspending into eternity, there is absolutely NO WAY the economy can survive!
Thank you, Frederick “Sharky” Engels.
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Always at your service shall you decide to broaden your knowledge in the world of macro.
The fuckin’ Republicans have never cut a deficit in their lives.
Don’t give us the shit about “But Clinton had a Republican Congress after 1994”.
That “Republican Congress” did not do diddly squat to address deficits. It was
all Clinton-Rubin-Panetta initiatives – and the Clinton Boom- that balanced the budget.
Please read history. Clinton was brought to the table, kicking and screaming over balanced budget.
Prior to the Republican Revoliution of 1994, his economic wiz team (including the Reptilian Rubin) had promised the nation that they would balance the budget…. in 12 years!
Leon Panetta? Are you serious?? LOFL!
++++++++++++++++
Everyone loves the idea of Santa Ben dropping money from helicopters. There R acrtoons of him doing this all over the Net. But dropping them on Europe? That was not our expectation.
cartoons I meant to type
Well said Mr. Fly.
Nothing like watching the leaders of this country drive it right off a cliff.
ahem. leaders of the central banks are the ones behind the wheel.
Bernake bails out the EU and not a peep from those “Tea Baggers” or Caribou Barbie or Beck!
What Comedy!
Of course not. Who do U think is paying those folks to maintain the status quo totally while pretending to be rebels?
Right, those “Tea Baggers” just got Ron Paul elected to head the oversight of the Fed.
Prepare ye, assholes.
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Right. Insult me all you like. It won’t change the facts which will be seen with time. Time will tell whether these Tea Partiers do anything constructive or not. Although I hope that they do, I would be surprised if they did.
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120104658.html
Like this?
Was it a bad thing?
“”The programs involved have since been shut down, and most loans have been repaid””
Probably it was a good thing and avoided a much worse situation..
The secrecy was the bad thing.
The co-opted Tea Party movement that was originally created by bonafide Libertarians will never do anything constructive, since it was co-opted by central bankers for the sole purpose of never accomplishing anything. You really thing neocons such as Palin and Beck represent true Libertarianism?
Thanks for playing.
Your evidence of Central Banking robot control being?
(I know, I know… you’ve got the Prison Planet pre-medicated website right here)
This is why legitimate attacks on the stupidity of central bankers lose credibility…. nutbags.
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Ron’s awesome. I just wish he were 20 years or so younger.
Ron Paul is not the answer.
How about a rusty nail to the scrotum — is that what you had in mind?
Talk about stupid brains….. Did you really swim across the Rio Grande?
I want a Groupon for half off a pound of sterling silver.
Call it “a Soros.”
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http://www.cnbc.com/id/40454469
Who is the largest shareholder in imf? Is it the U.S. government? Or is it the Federal Reserve (private european citizens primarily)?
The US is the biggest contributor to the IMF, the talk was the US would make an extra committment to be directed to the Euro’s for their troubles. This was denied later in the day. They would never be grateful, no matter what. Just blame us for their shit.
Again. Define US. Is it the US Federal reserve (a few uber-rich european shareholders primarily) or is it the actual US government doing this via imf?
Name your uber-rich European shareholders. The most conspicuous owner of one of the Fed shareholders is actually an Arab prince.
Capital is mobile, conspiracy theorists! Time to update your theories.
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Where can I buy into the FED? Conspiracy my ass.
If the Dollar does go down 40% wouldn’t the Dow need to go up that much just to break even?
Just asking!
Yes. All else being equal. But it won’t be equal.
40% x 250% = 1
Barbie says: “Math is hard.”
Ok, a 40% DROP is 60% of what it was, takes 160% to get back to even. Or something.
FTK made it on the techticker on Yahoo. http://finance.yahoo.com/tech-ticker/article/535667/What-the-%22Frack%3F%22-Natural-Gas-Is-Key-to-Americas-Energy-Independence%2C-but-Is-It-Safe%3F
Dad?
My best screen of the year
http://tinyurl.com/25bjp8d
Special formal stovepipe hats in honor of the Festival of Lights!
Mazel tov!
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David Tepper?
As much fun as seeing the market sky rocket from here would be, I don’t like the idea of the greenback losing 40% of its value… Shit, all my money is invested in USD trading, have to convert it back to CAD to actually use it… 8-(
Buy gold. Plenty of it (and miners of it) in Canuckistan.
Maple leafs is wot I gots.
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