The global markets are in a state of sheer panic now, thanks to the monstrous jobs report of +54k reported in the United Steaks of America last week. Investors, in between joy rides in their smart cars, have been forced to sell equities, based upon the premise that the “double dip recession” is all but a foregone conclusion(apparently, there is no statute of limitations on declaring a “double dip recession,” no matter how long it has been since the last recession). In the event next month’s jobs number are good (heaven forbid), the smart cars will stop again and everyone will pile back into equities, like a herd of jackasses running towards a mirage.
The people from the teevee have given up hope, declaring this market “toxic” thanks to that heinous and barbaric +54k jobs report.
Just yesterday, we had a decent rally going; but then all of a sudden, a monster of sorts appeared—frightening everyone out of the markets. As this monster ROARED and THUNDERED throughout Wall Street, investors sashayed in and out of stocks, like dogs chasing feathers attached to their tails. By the end of the day, most investors cowered under the beds or in their respective closets, sending the Dow lower for a 6th consecutive day.
Over in Europe, as you read this, they are fleeing from stocks, like little Greeks running from Turks. Indices are down more than 1%, effectively sending our futures lower. The sad and grotesque reality is: there is no future.
All in all, the stage is set for another day of hedonistic adventures, as the usual cast of actors and actresses make their way down to the NYSE. All of the tiny, itsy, bitsy day traders are ready to go “FAZzing” and most, if not all, have declared this market to be deader than reason and democracy inside of any middle eastern country of your choosing.
Lights…cameras…action!
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we will rally
FIG
That was a masterpiece…beautiful, positively gorgeous.
Amazing – Fly I have a question that requires your expertise:
If a tree falls on a short seller in the woods, will anyone give a fuck?
It doesn’t sound like you are anticipating a rally of sorts!
XOM massive oil find in the Gulf of Mexico.
http://www.streetinsider.com/Corporate+News/Exxon+Mobil+(XOM)+Makes+Two+Major+Oil+Discoveries+in+Gulf+of+Mexico+Post-Moratorium/6567959.html
Indeud.
I love the bit about there being no statute of limitations on declaring a recession to be a “double-dip”…a very astute observation.
My feeling is we are actually heading for a triple-dip-a-lip stagcession, as in reality all counting should have started with the dotcom boom and from that point forward everything, forevermore, should be considered connected.
Doesn’t a double dip recession requires a recovery of some sort first? As in real recovery in employment and stocks in relationship to commodities rather than the dollar?
I think it best to be called a quad-queasy-flop-Carter-induced-when is this gonna end-WTF-flation started back in the late 70’s.
We are triple dipping from the 1929 stock market crash!
I can’t dump stocks and breathe into a paper bag at the same time….ARRRRGGHHH!!!
Hilarious post. Another hit for a multi-platinum album.
This isn’t a recession, its a depression you stupid fucks. We’re just taking our time getting there.
Please let us all know when we get there, so I can tell Mrs. Fly to cancel dinner arrangements and head over to the soup line.
45 million on food stamps…
You can’t double dip if you have never had a real recovery.
Yeah, like they’re really buying food with that…try cigs, malt liquor and crack.
You will not be able to stay home, brother.
You will not be able to plug in, turn on and cop out.
You will not be able to lose yourself on skag and skip,
Skip out for beer during commercials,
Because the revolution will not be televised!
I think Mr Monkey took too many Allegra Ds today… chill out monkey you could have a heart attack
GSH RIP
still short $RIMM, but not even a blizzard of cocaine can stop $RIMM’s plummet
“the sad and grotesque reality: there is no future”. sad, but becoming truer. we need a caped crusader. LOOK, up in the sky,it’s a bird, it’s a plane,……………. no, it’s a flying bearded clam, he’ll save us………….
Wait a second!
Where is the sheer, unadulterated panic?!
I want panic and I want it now.
Back to eating oatmeal.
Any maple syrup with the oatmeal?
you want panic, show alphaDogs’ ppt blog post for the “unsubscribed”. that will get them thinking.
So where is our bounce ? PPT is sub 2.6
S&P minus 1!!!!!
I’m gonna jump!
Funny what 5 down days will do to sheeple. Where’s Devil Dog?
$SPX TO 125!!
What about ‘Mr. Preseident’ with his oft-repeated “DOW 9000!” nonsense. I wonder under what moniker he is posting now…
I forgot about him…
I think he’s still here… lurking in the trees.
Pussies
http://www.zerohedge.com/article/watch-bikini-wax-indicator
Lol. Not a bad approach.
Obviously the price increase reflects the seasonality of the beach market economy, not inflation.
if things get too bad,all they’ll have to do is use a vinegar and oil douche and call it a fresh garden salad
Apparently there is a build-a-burger group meeting near the deli between the lettuce and the cheese, to plan out financial destiny and all the Jekyll island shit. Hopefully we can get some fries with that.
http://geraldcelentechannel.blogspot.com/2011/06/jim-tucker-oon-bilderberg-2011-meeting.html
very ironic thought i had while beginning to read that,emanual rushed to mind just seconds before i read his name in waiting. if civil unrest occurs,it will be struck, right here in the heart first. no one see’s the triangulation of things about to come…….
When Cassandra Whitney was on Squawk this morning, they were freely and recklessly referring to the “horrific” employment numbers. Maybe I missed something, but even in May it was POSITIVE 54k, right? I mean, the every day distortion of the economic data in an effort to fill the dead air by “explaining” why the market is acting in a certain way is unfounded speculation by folks who are barely qualified to work fast food at best and totally fucking knowingly fraudulent at worst.
+54k is the new -300k
I pick up as much good market information on CNBC as I do from watching “Mob Wives” – a great show btw if you like watching bitches brawling w/big boobs.
cover sooon
okay… NOW!
OPEC Decision – that was an easy one to call.
CNBC was tooled yesterday. Hope blondie enjoyed her trip.
‘we had a decent rally going”
That “rally” was anemic at best. Fly, your bullish posts last week were 100% wrong (more if you were leveraged). Your PPT must stand for Pud Pulling Tool, because what you posted was pure jerking off. Your call was something I’d expect to here from a CGC, (cock gobbling charlatan), or worse, for a GUESSER. Instead of banking your coins, it looks like you’ve been flipping them. No go grind your own face in the dust. And all your minions, who gave me a thumbs down after I posted that I went long FAZ, well, they know where to look for that thumb.
Baron, I would think you would be happier given how genius and how many great trades you post here all the time, according to yourself…your profits must be amazing.
Your anger leads me to believe that you really don’t trade with real money at all…it’s just paper trading.
You’re just a blog hogger looking for accolades and friends – I suggest a dog.
Ban yourself. I am tired of you.