I am at my limit, with just 10% left in cash. I’ve had my fill with the long side, heavily invested in EXK, AG, CIEN, NFLX, RENN and WNR–just to name a few. On the short end, I am in VXX and short EXH. Based upon the irrefutable laws of mathematics, the market is rising today.
In this world, there are certain axioms that hold true. The PPT is one of them.
For those of you who doubt my pimp-hand, I intend to smack you with it. On the beard of Benjamin Bernanke, we shall have a rally, AND MORE, then scurry down the wormhole to enjoy the horrors of another great depression.
I don’t mean to sully you by calling you names and/or speaking to you with an overbearing condescending tone. But you must understand, I am very busy preparing for elaborate celebratory engagements, as iBankCoin turns 4 on November 12th. It’s been quite a ride since I’ve started this campaign, transforming iBC from a bullshit five finger website– into a fucking fist. Over the years, iBankCoin has undergone many transformations and bloggers have come and gone. But what we have done recently, adding the Blogger Network and ramping up our Financial News arm will elevate this site to levels that only God himself can see–even if there isn’t such an absurd thing.
In summary, I am very long here, but holding onto legacy hedges “just in case.” I am not bullish or bearish, but advantageous.
Off to see about some gorilla with cocaine leaves in his mouth banging on my front door.
[youtube:http://www.youtube.com/watch?v=rY4Ctq1MRHs 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
first
2nd
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OPEN ha ha ha
Overlap RENN chart with OPEN…predictive?
V.King
Will there also be a simultaneous celebration for Mr. and Mrs. Fly’s Anniversary and, of course, the birthday of Grandpa Fly?
I suggest weapons be checked at the front door.
no. ibc anniv is one week after that
It will be a Christmas miracle if you pull off a win with RENN.
Not looking good. Greece is rockin’ the markets.
You are spot on Damon, this will be short lived. On another note, what ever happened to SpyderCrusher?? All I remember is that SOB hotter than lava with calling the market about a year back or so, than he just vanished from the Blog??
I SECOND THIS
… perhaps he got “crushed” !
.
Spyder opted out.
I thought I saw him in the OWS crowd. I think he’s playing the drums while riding a skateboard.
He is shooting his ten guage ball peen shot slingshot at the OWS crowd whilst doing Jaegar shots.
_______
“gauge” !
(A-game)
.
And it’s “Jäger,” Sir.
But I do miss Danny around this joint. He’s kicking ass over on the Twitter. For those who wish to follow him — and people who like making money should — just look for SPYder_Crusher.
Danny makes those who bet against him whine, “OWS!” as he skateboards over them on a silver board with diamond-spiked wheels. This is not a metifer (sic).
Thank you guys very much for the thoughts, and semi-accurate (some cases highly accurate) references! Really great, and I thank each one of you.
I’m glad to know I’m missed, but I’m still very much writing about and trading in the market!
I would not dare link whore in Fly’s fine blog but you can find my website by clicking my name above and I welcome you all to stop by anytime, or on the twitters.
and thanks again!
EUR/USD going down. Gold is near even for the day after being up 1.3% (almost bought).
We are at support levels for SPY at 123.10. Look how we stabilized there. If we break, I am pressing my shorts…most notably DB.
I might take a long position on FXI as a hedge… Calling we hit 50EMA, before any noticeable bounce.
VXX in the green, NO free $ from Fed= SELL SELL SELL!!!! You’ll be sorry…
IBC app fixed yesterday, thanks Fly.
me too me too I just got long AMZN seconds ago.
” transforming iBC from a bullshit five finger website– into a fucking fist”
indeed
DID YOU GUYS JUST FORGET WHAT THE FUCK HAPPENED THE LAST TWO DAYS OR SOMETHING?
no. STFU though
yes, I forgot.
Forgot what? Huh?
lol
Now we got the Israel wildcard! Woo hoo!
http://www.drudgereport.com/
Here comes try #3
The Fed is dreaming on forecasts.
Thank you Dr. Fly for being kind considerate and gracious unlike the boorish annoying uncouth alf…….who has somehow escaped a double banned.
Ouch … you really know how to hurt a guy !
😥
.
Alf,
44 year old Texan…like me?
.
On counsel’s advice, I invoke my right under the Fifth Amendment not to answer, on the grounds I may incriminate myself.
.
Guess the 44 could represent .44 magnum
… or, Reggie Jackson (Yankees)
… or, Jim Brown, Ernie Davis & Floyd Little (while at Syracuse)
… or, Danny Ainge (Celtics)
… or, Barrack Obama (the 44th POTUS)
… or, Ruthenium (an element with an atomic number of 44)
… or, nevermind !
.
This post took the old man an hour to research. I hope you’re happy.
FU !
.
Or 1944….
FU2 !
.
So QE3 by years end or early 2012?
Last bullet in Bernies chamber…
Fly, I think I saw the Gorilla with the cocaine leaf hanging from his mouth when I was in Rwanda, I think I still have a picture
Man…Ben uses a lot of “uhhh….”
“The economic forecast….uhhh….have been…uhhhh….uhhh….uhhh…”
That’s because he’s lying. He NEEDS to keep everyone in this game, although he knows it’s already over.. LOL!!!
Calling Mr. Bernanke a lier? That’s a criminal offense where I come from.
Normally we would publicly chop your balls off for that statement…
Your retarded. [sic]
The “uhhhs” have replaced the quivering. I wonder if he received professional help for that.
Let me recap. We are nearly 15 trillion in debt.
Most cities are above 10% unemployment (except D.C.)
46 million American families on food stamps.
Oil goes down, but gas prices don’t
Europe is basically insane & Greece is basically in default.
Israel wants to nuke Iran…badly.
Things are dandy! Lets buy stocks!
You forgot the Deficit Super Committee isn’t getting anywhere and the deadline approaches.
And MF is only the beginning.
Quite the Debbie Downer arn’t you?
Which is why OUR Fed and the Europeans should be printing money hand over fist.
There is no inflation. There IS NO DOWNSIDE to printing money by the boatload!
Lol, no sh*t.. Unreal..
Somebody’s nuts got roasted today … were you on the voyage of the DMND Vegas?
T,thinking the same on dmnd.this is the time they do,no matter what.which is telling
Strong and long TZA since $47, just a matter of time before I get it all back, plus some nice coin..the crash will be swift and devastating, just when idiots least suspect it..
I can only imagine how cocky you must get when you arn’t sitting on negative 33% return.
The eventual 1:5 reverse split in TZA doesn’t count as getting it all back.
How many more steak dinners to we have on the horizon? LOL
“do” (A Game)
Mr. Fly, I hope you will consider going long in Q1 2012. In any case, imho I think we are in for a bearish winter Q4.
In the last 4 years, I have gone against the grain of The Fly’s market predictions with a trade, maybe twice.
Actually, today was number two.
Anyone got a rope and stool?
OEW Daily Recap:
“During Bernanke’s news conference the markets were assured by the chairman, at least twice, the FED is ready to take whatever steps are needed to meet their employment and inflation mandates. It sounded like another round of liquidity is in the wings ready and waiting if needed. The market rose during and after the conference.”
“Short term support is now at the 1222 pivot range, the lows 1200s, and then the 1187 pivot range. Short term resistance is first at the 1240 pivot range, then the 1261 and 1291 pivots after that. The short term OEW charts remain in a negative bias after yesterday’s decline. To turn positive again the SPX would need to clear the 1240 pivot.”
Vegas, you better keep an eye on 1240 … then 1261, then 1291 and finally 1302. Expect big losses with TZA until then …
FU tea bagger
actually you’re the one who’s FKD:
The Vegas Triumvirate of Doom:
#1 Fly’s Turkey Gods
#2 The Santa Clause Rally
Who can take a sunrise, sprinkle it with dew, cover it with choc’late and a miracle or two?
#3 The ClammyMan Can, Yes The ClammyMan Can … ‘Cause he mixes it with love and makes the world taste good.
Good Luck Sucker …. AH, HAHAHA!!!
Congrats! You are now in the exact mindset that they want you in, then one day, suddenly your eyes pop out of their sockets, you abruptly stop tea bagging your boy friend, than proceed to cry on his shoulder while he strokes your little 3 inch pecker and tells you everything will be ok..
Right, that’s why the EZ gave Greece till 12/18 to resolve their referendum issue … How convenient, now they can kick the can further down the road while the market continues to climb the wall of worry …
PS: Go Fuck a Cactus in a Sandstorm
Bernanke has done one hell of a job in his years at the helm.
“The danger of the rocks has surely past”, but the Loralie keeps calling.
Man of the Year Award:
I give it to George Papandreou, he’s got solid brass balls.
Evidently, his countrymen are behind him:
http://blogs.wsj.com/source/2011/11/02/live-blog-greece-and-the-g-20-summit/
(Live blog of the Greece/G-20 summit)
This is a must see update video:
(Papandreou/Greece)
http://news.sky.com/home/world-news/article/16102160
The futures don’t seem to like it.
Thanks Damon!
test
you will fail tomorrow. miserably.