Very soon, before you know it, while you’re not looking, the market will “surprise sex” you–vaporizing your 4 figure brokerage accounts with reckless abandon.
All of the money you’ve saved, being a good boy, trying to buy a house or a used automobile, will be liquidated by lesbian margin clerks.
At that time, “The Fly” will be in a rocking chair, playing with his globe, blowing smoke into vaulted ceilings. You schmucks think you have all of the answers, bold and brazen in your contempt of my prophecies, impatient to be proven wrong.
All you need to do is wait, very quietly, and you shall be proven wrong–yet again.
I am going to “go away in May” because some cliches are worth believing in. Just like woman are absolutely psychotic during menstrual cycles, so is the stock market during the month of May.
***YOU’VE BEEN WARNED***jackass
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Hahahahahahah, best post on the entire interwebs!
fair analogy
why don’t you rejoin me on the short precious metals bus?
and by bus i mean decked out 80’s caddie limo with spare top hats inside
YOU WILL ALL DIE, EVERY SINGLE ONE OF YOU.
I don’t ride in short busses.
you need help in reading comprehension
they do seem to have a tendency to take a roll off the nearest cliff, in a road runner-eque dive to certain fieury, but never permanent doom.
Fly..are you still long GTAT and RBCN?? If so when you cashin out?? If not did I miss the sale??
Booked gains in GTAT, still big in RBCN.
He sold GTAT and bought RBCN.
he cashed out GTAT and still has RBCN
The trade was rather stanky,
For G-TAT, twas small bank-y
The good ones he’s seen,
go POOF in between,
And a Rubed Con will make him quite cranky
Is it that time of month again? I hear when there are a number of females in the same house they sync up…I’m going to have to move out soon if that happens.
Fly, eventually you are going to be right about one of your disaster calls. I also believe that something BIG is coming. I want to badly do an “All In” bet on some index puts for mid six figures.
You will shut up after reading this reply.
Yellen for the chairmanship could cause that exact problem,
She is going to be doing Jackson Hole this year…The Clam is staying home.
Well if doom and gloom is near let’s have a TV party tonight;
http://www.youtube.com/watch?v=a6otjCKg594
no one ever talks about Ben retiring and handing the shit storm to Yellen. That’s his exit strategy from QE,
Thought he half out of GTAT and all in on RBCN ? What price u sell the rest??
Why does The Fly worship me in other months but doubt me in May? I am greater than May. (puff on cigar) I am not going out on my retirement tour like a bitch. (puff on cigar)
Great party, easy money and great crack.
In May… everyone knows that everyone knows it’s supposed to happen, therefore they know it won’t happen. Therefore it will happen. Fly wins.
When everyone is trying to be a contrarian, do the opposite and bet on what seems too obvious.
Added EPV, DRV, FAZ
I can be wrong for a little. Sick what is going on.
Go on, greedy America. You don’t think it will come back to bite you?
1) no inflation, no growth –> more QE. Simple.
2) thoughts on WNC’s Q? Strong top line growth – looks like they are on their way to executing their long term strategy.
Hehehe. The wall of fear is strong among you lemmings. Those of you top calling pipsqueaks that won’t go broke will be chasing the market at SPX 1800.
2% SPX drawdown mid-May a mere hiccup in trend higher until this summer. July should bring the real 2013 correction, 7-10% before SPX heads put to 18% YE gains.
We’re now in 5th year of a bull market, reminiscent of 2006.
For the palm (chart) readers out there. In my opinion the only “precedent” to today is the 1930’s. Specifically, we had a massive liquidity event (1929/2008). This isn’t your run of the mill cyclical 5 year up 3 year down deal, especially in light of the asset buying.
you’ll see some things you recognize here:
http://www.yardeni.com/Pub/GREATDEPRESSIONCB.pdf
Drama queens. A 90% style decline isn’t happening, that would mean commodities to zero and interest rates negative and Bernanke sitting on his hands.
The US is fighting the 1929 depression scenario and Europe is fighting 1920s hyperinflation of Germany. Neither will happen.
Right now you have Austerity continuing in Europe and Euro’s system has inflationary checks, (while the US has deflationary checks and an elastic money supply.)
But with no central euro bond, just like when gold was fixed, and the demand of gold causes prices of everything else to drop, euro cannot print at will, so instead countries get short of capital and the individual countries that can’t come up with capital can’t print. So to raise money their yield skyrockets.
Then those in charge say oh crap, we better raise more money so we can bailout whoever, and so they go into debt and have to tax people sooner or later to come up with the capital.
The global increase of taxation is not good for the economy, and deflation is the concern at the moment, but it’s hardly going to be a depression style scenario. Especially in the US when they will go into huge debt and bailout the banks and throw excess capital at whoever needs it to avert a crisis.
You missed the point. I was saying that we already had the drop, in 2008. I was making the point that this recovery isn’t of the 5 year variety, as mentioned by the original commenter. It’s of the 10+ year variety, like that of 1932-1942.
Btw, what happened to no more cursing, fly?
My moneys on the rotation thesis, many good chart setups out there to be found.
Serious question: How can someone be delusional enough to believe that strong dollar, lower commodities is bullish for growth? Is this 1995? What the fuck is Mr. 25 Longs, 20 Shorts smoking? The latest leg of the bull run has been predicated on POMO-laced cocaine, with the presumption that we will get inflation. Look at the destruction in the metals space, the rise of the dollar, and it’s apparent the Fed has failed in their mission to create inflation. Once the stock market wakes up to this reality–that no inflation is coming–we shall plunge like its 2008. So, again, I ask, Mr. Timestamp, how the fuck do strong dollar, lower commodities mean future growth?
His tweet from a couple of days ago: But #commoditydeflation is huge #taxcut, and it drives US consumption #growthaccelerating
A bigger tool does not exist on the interwebs. I don’t get how he can claim he manages money and spout stuff like this. Someone please, let me know if I’m off here. I feel like the only way you can come up with this stuff is if you’ve been under a rock the last four years.
It’s funny that I knew instantly you were speaking of KM. I think I spend too much time on Twitter. Ha
“Once the stock market wakes up to this reality–that no inflation is coming–we shall plunge like its 2008.”
like 2008? you mean a 50% decline? Saying that it is 2008 would mean that commodities were overbought and running higher even as the market had peaked and turned down. That isn’t happening. It isn’t the end of the cycle where commodities peak AFTER the market. Just a 20% correction where people liquidate on fears and the dumb money believes it’s 2008 and sells at the bottom.
The big takeaway from these comments(if there is one) no one is talking about the real economy. The polluted market is laughing at everyone that doubts. Except those in the know. Ponzi boomer style. A big fuck you to all the kids, they will get new hips on your dime. Wicked.
This is not a gilded age. It is the age of the gilded generation. The boomers did not give a flying fuck about the elders and now care even less about the youngins. Truly amazing.
metals? look at the 87 crash in them. my spy puts end in june. what a disapointment so far, gld,slv has preformed well recently.