iBankCoin

ROOTING FOR FAILURE

I want to address something that’s been annoying me to no end. What the fuck is wrong with all of you fuckers, especially on Twitter, who want nothing more than complete failure in the markets? Doesn’t it get tiring?

We’re all pessimists, ultimately. But the one sided nature of sentiment seems a bit overdone, to say the least. I get the fact that we all talk our book. If I was short, I’d be rooting for fires and famine too. The only difference is I’d take profits on my shorts and, eventually, look to buy something. Some of you motherfuckers NEVER, EVER buy stocks. It’s hilarious, actually.

Look at today’s rally fizzle. According to market gawkers, today is tragic. This is awfully negative, post Spanish bailout. After all, futures were up 1.5% last night and this was supposed to be the day when all shorts got their dicks cut off, no?

Not really.

Everyone needs to chill the fuck out and cease looking for “the D-day” of stocks, because it isn’t coming. I am not stupid. I see the negative headlines and understand the fact that global growth isn’t so rosy anymore. Moreover, last I checked, I haven’t dedicated my life to defend the honor of bulls. I am just a space alien magician looking to pull another rabbit out of his ass. If the market drops today and I lose money, big deal. I will not enjoy it; but I will live.

Here’s my bottom line: I am fixed in the belief that we are long overdue a rally. Whether it happens today, tomorrow, or next week is immaterial to me, since I will not sell anything. My largest position just exploded by 40% last week; do you really think I am worried about this shit? Come on.

Go eat a sandwich.

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60 comments

  1. acehood

    You’re the guy who had a year end 800 S&P target at year’s beginning. Only one way to get there, ultimately.

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  2. donker

    I would get some FB before the russell add

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  3. razorsedge

    poof, da samich is gone, twas delicious.

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  4. jimmy_two_times

    Fly,

    I agree .. a lot of ZHers out there looking for the mad max scenario, well, just because. Other may be talking their book hoping for a Taleb type of pay off.

    At the end if it wasnt for these outright shorters there would be no none to squeeze.

    Embrace them, let them take on hazardous positions, nurture them, then cut their throats.

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  5. Fly Swatter

    There is no doubt that the markets are going to go up huge. The super-rally is not going to be fueled by what everyone thinks, but rather by cheap energy supplied by the secret oil boom that is happening all over the US right now (and in the Gulf). Wait for it….wait for it….

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  6. DipChit

    You sure were taking the talk last night only not to be walking the walk today….kinda funny

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    • The Fly

      How else can I ‘walk the walk” asshole?

      I am long, am I not?

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      • DipChit

        Sorry to hear that.

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        • The Fly

          Perfect example. How lame was that?

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          • TradingProdigy

            Pretty Lame. I would suggest buying TNA right here. Market Rocket liftoff as soon as Apple releases so many products that the collective trading consciousness of the world will unite in Bull harmony.

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          • DipChit

            Lame is buying TNA right here,please look at the charts and you will realize TZA is the key to making money the next couple months..FYI

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          • The Fly

            Charts farts.

            Buy what you believe in and set limits. That’s all.

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          • DipChit

            Tru Dat

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          • DipChit

            And never circle jerk the futures as they are lightly traded and never give you a true set up for the open.

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          • The Fly

            You have to understand my desire to fuel the flames.

            It’s commentary meant for offensive purposes.

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    • Mark

      Funny is a self-described DipChit who doesn’t blog or post trades in real-time criticizing someone who does.

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  7. MetalLeg

    Loading up on silver and silver miners now.

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  8. Po Pimp

    Over the last few years everyone was shitting themselves over Greece. Not so much because Greece is that important, but rather because their problems could spread to other real countries, ala Spain.

    Now that Spain gets their cocaine shipment all the headlines say Greece fears are the problem again. Make up your God damn minds.

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  9. mariofats

    How’s that huge rally working for you?

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  10. Yogi and Boo Boo
    Yogi and Boo Boo

    Come on Fly, you know the score with these asshats. If they could trade they would. Instead they keep trying to predict Armageddon, so if they are right, they can run huge e-mail campaigns exclaiming their “fucking geniusness” [sic] while they try to hoover up more AUM from a get rich wannabe public.

    We see them in here all of the time. They need to find another line of employment.

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  11. ckalt

    Is it rooting for failure or change? I can’t see how supporting a corrupt system benefits my kids.

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  12. dean

    Face it Fly. The bankers got bailed out by the taxpayers, and were never forced to ‘eat their own cooking’ or forced to admit that they committed frauds in the markets. The bailouts we got have totally distorted the markets ability to work as a true and legitimate pricing mechanism. HFTs and more bailout bullshit sends the market off on wild gyrations. That’s not INVESTING. Politicians continue to promote the lie that we need more debt to fix a debt problem. Most taxpayers (and people not big enough to benefit from the TBTF label), and most voters want the non-sense to end. Maybe a crash is the only way to force the madness to end?

    I for one, want to see the frauds prosecuted. But I sadly don’t think we ever will.

    You love bailouts. And you are smart enough to know that more debt can not and will not solve the problem of too much debt and too much debt fueled spending. The math just is. But you are conflicted. It’s hard to recognize something is true when your livelihood depends on it being false. Someone famous said something like that.

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  13. Jim

    I thrive on negativity 😉 The bulls have had their fun for 3 years. Now it is our turn.

    “If I was short, I’d be rooting for fires and famine too.”

    Why complain when your morality is on the same level as the rest of us motherfuckers?

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    • The Fly

      You make a fair point. But to be perma anything is just ideology. I know many of you believe I am permabull, but it’s not true. I go back and forth. But when I am bullish, like now, I am very vocal.

      Some of you bearshitter never, never buy stocks and I find it hilarious.

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  14. John Silb

    Markets are supposed to be a means for allocating capital – not ensuring a broken status quo. I want governments out of the markets. I’m betting they’re gonna be forced out. If that’s deemed rooting for failure…

    …then fuck it… Come on, Failure! Daddy needs a new pair of shoes.

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  15. hattery

    A foo bird shat on a man’s clothes. He washed it off in the stream which contaminated the water supply and got everyone sick… The moral of this story is, If the Foo Shits, wear it!!

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  16. chuck bennett

    RED RUM, RED RUN, REDRUM

    regards

    chuck

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  17. decklap

    Being negative and reading ZeroHedge makes people feel smart, it takes no strength of character to say “fuck it, it can’t work, we’re doomed”. Harder to find reasons to move forward….

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  18. The V.King

    “The world is all gates, all opportunities, strings of tension waiting to be struck.”

    12-12-12

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  19. Rearviewmirror

    And in the meantime, Brent is at 98$/bbl. Not 48, not 38…98. Come on girls. We’re going higher.

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  20. OG

    Trolls are no long just under the bridge.

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  21. Yelp = Yell for Help
    Yelp = Yell for Help

    Good morning everybody. Hope longs and shorts are all doing well.

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  22. asteroids

    I like cash here. I’ll buy stock when I have an edge. I just don’t have it in this market.

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  23. alf44

    Mr. Ichimoku says we going “ROWER” !

    .

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  24. RoboGal

    Bull Trap…That is all.

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  25. Yelp = Yell for Help
    Yelp = Yell for Help

    6 to 7 back to back red days on SPX coming up.

    Target is SPX 1225 by Monday

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  26. lowoffer

    its funny, you make your losses and near failures as transparent and even dramatic as you possibly could, not hiding a damn thing..Admirably, you did not capitulate in Yelp, called the bailout, called china easing…yet..yet, we have today’s comments, which I will honestly not read a tenth of because I already know what they say.

    currently eating a sammich at a french cafe in CT (I reside in NYC). because fuck the wall st hype and fuck it, lets eat some croissants. to the french (no homo)

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