Truly, I enjoy throwing people down elevator shafts and knocking mustaches off the ugly. Yesterday’s news of free money made me ebullient with ravenous barbarity. I envisioned a market place littered with the corpses of overzealous shorts, strewn across the globe in size order. Sadly, this did not come to fruition.
In Spain, the IBEX was up 5.9% on open, but closed down 0.65%, dreadfully anti-climatic. As a whole, Europe tanked into their respective closes, leaving us alone in the wilderness with ferocious bears, keen on eating the flesh of the living.
Despite what my position is, as steward of iBC, you can rely upon me to give you an honest assessment and disseminate news, bullish or bearish, in both a timely and honorable fashion. Although it chagrins me to lose money on a day I thought might lead to outright celebration at The Offices del Fly, it is what it is. At this moment in time, I am quieted by the fiends outside my gates. Basic material stocks are being dismantled, partly thanks to the Goldman downgrade of AKS.
Have a look.
My only silver lining is APPL, up on a relatively abysmal day.
I am down 2.3% for the day, as you read this, up about 7% for the year aka “better than most.” In sterling fashion, I recaptured 12% of my AUM last week alone, making today’s decline very acceptable and almost par for the course.
While the vagabonds and the weavers of finance figure out the next move in a seemingly endless game of death-match chess, “The Fly” will wait for his destiny to unravel, live, for all the world to see.
http://www.youtube.com/watch?v=iEFbuXuShOE
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Today sucks, but it’s not end of the world type suckage.
Heh heh heh……ciao
the bow tie is on cnbc still regurgitating his 2008-09 devildog calamity.
Shit storm brewing on the horizon.
The Eurocrats got a running start, wound up and really got their leg into it. In spectacular fashion the can bounced down the road. Before the can came to rest it was caught by a gust of wind and thrown back in the Eurocrats faces.
100 billion Euros doesn’t go as far as it use to.
Jim Rogers ” They are not smart people that’s why they work for the government!
6 to 7 back to back red days on SPX coming up.
Target is SPX 1225 by Monday
Stop it.
I myself am long YELP because I believe the recent lows will hold … $16 will hold IMO.
But SPX does seem shot to hell for next week or two.
I will stop posting bearish comments if you insist.
I was thinkn more like 1100 on the $ spx and start shorten the Dow since seems ripe for the picken
First lets get past 1285 and then 1225. If we do, then one can talk 1100. I do believe that 1210-1225 will be where Ben will step in.
No he wont
Short $The Fly
Easy Money!
Bannes
“Bannes”? I believe you meant BANNED! You need a phone with bigger keys 🙂 – Tim Cook was here
Le Fly, tenderly trying to mask the fact that he’s soiling his britches.
LOL at the new image
No disrespect to Le Fly, of course.
Tim Cook is talking. The rocket is ramping.
Like a prototype Chinese spy satellite launch…
Greek versions of this fable and a 5th century Latin version by Avianus… ‘A reed before the wind lives on, while mighty oaks do fall’……oak, which trusts in its strength to withstand the storm and is blown over, and the reed that ‘bends with the wind’ and so survives.[
I refer to this irrational exuberance as the
AndyWhite Swan affect.Shower is being deuced on right now.
http://vimeo.com/32562556
I believe this was the “Hubirs Effect”™ – Kelkun was here
Odds on Greece converting from euro to drachma better than Las Vegas book on #85 learning the Dolphins passing routes.
What are the odds Germany leaves euro and returns to the mark
Very Interesting day…you have to love this game. Eur/USD again under pre LTRO lows…
well my stake in tex is taking another beating so i guess i will have to get it all back by betting on Ukraine to stomp on the pussies from Sweden
I don’t think there are any men left in ukraine…all the women are leaving looking for husbands
they can be coke fueled zombie robots for all i care as long as they win. and to any Ukrainian ladies reading this bathsalts is single and looking
Fly this pattern off the April 2 high has to play out.
Today, we are either continuing a wave 3 down or starting a wave 5 down – (my gut tells me it’s the latter) but in both cases the key word is down
Any good news will be met by selling until this has played out
The wave will turn into a tsunami
I’m looking at a minor wave4 down, of intermediate wave1 up, of major wave3 up, of primary wave3 up in a bull market … WTF?
Apple just announced that they have formed a partnership with YELP and that it will be be integrated with Siri in the new iOS 6. Boom.
Poof. Your bullshit rally is over.
Yikes! Yelp!
YYYYEEEEELLLLLLPPPPP!!!!!!
OPEN & YELP did the same jump and recoil after the Apple SIRI announcement.