Many of you were lured into another bear trap this afternoon. With both the SPY and Dow plummeting from its highs, the Russell, as represented by IWM, held its own.
Have a look.
Forget about everything else. The Russell is the market, represented a wide array of names, irrespective of market capitalization. At the very highs of the session, I was +3.1% and ended up 2.4%, hardly a pullback–indeud.
What I am trying to illuminate to you is the underlying strength of today’s tape. My OWW didn’t pull back, neither did IMMR. We’re gonna make private prison money in the smaller cap names soon, coming up immediately.
The Devil is perplexed over the abrasive robustness of the IWM and how it pertained to his stupid puts. We shall oversee those puts trade down to zero tomorrow, such is the prophecy of The Fly. Ordained by the stock Gods and Shadows del Urinal, we shall eat his liver for lunch–laughing all the way to church.
http://www.youtube.com/watch?v=tBDes9TuGBg
If you enjoy the content at iBankCoin, please follow us on Twitter
Fly. What PPT stats can you give on the performance of the IWM after the yearly rebalancing of the Russles?
How about I stab your brain with a clawhammer?
Russell was a beast. Midcaps held their ground too. They were the tells on the way down, now they should lead us higher.
“I Fart In Your General Direction!”
He said. And she replied: “Don’t you fart in my face or I’ll stab your ass” http://www.fox19.com/story/22249466/woman-allegedly-stabs-boyfriend-after-he-farts-in-her-face
2013: Year of the Fly
IWM was an unbelievable beast today…really seems like its heading to new highs.
Which, personally, i think is a fantastic shorting opportunity. Everyone knows they run it up into the fourth of july so the holiday celebrations can be a little more decadent.
I am waiting GS to hit 160 in less than 2 weeks. Otherwise Mr. Fly will cut off his penis.
The Fly has good taste in music…perhaps he can influence The Devil to work with the iTunes folks and offer Maria (sopra La Carpinese) in the US
You can buy the entire album on iTunes.
Search Christina Pluhar
It gives me a ‘not in available in the us store’. No matter, went with the Arpeggiata: Tarentella (La) and La Capinese (Christina & crew)…good music to work on stock homework by. Thanks
Jeez…sorry I asked. That would hurt! Bad!
If something pops up, I’ll let you know.
Yo Le Fly!?!
My feeds are down – would you mind telling me how the rally into the close went, last nigth?
Thanks in advance
The democracy loving peaceful Egyptians in riot square or bullish fo sho. This tape is on borrowed time.
Now is the time to schedule an Egyptian Holiday to the pyramids. 80% of the Egyptian populace is on subsidized food. There are reports of food stocks running out because the government is to disorganize and broke to buy grain.
Military does not want to deal with such horrors, they will restore order, Morsi is a goner.
Since when do riots correlate with market tops
The Fly may jest about liver-eating but this guy sure don’t.
hey great vid. it’s 11:59 and only a few see it.
The alpha make of a wolf pack always eats the liver signifying his dominance.
Also, there is a guy on history channel who grew up with the wolves and lives in their cages and cooks liver and puts it back in the dead carcass wrapped up so he can simulate being the alpha male.
We should send him to Syria… He is ex-Marine anyways.
http://youtu.be/j4vFBXOoHs0
every race needs a leader, even if it’s to the bottom.