Everything is falling apart. We are at the lows of the day and I knew this would happen. Did I do anything about it? Of course not. Deep down, I must enjoy losing large sums of money during fucked up times of plague, war and famine.
There is ZERO chances of a late day rally, even my utilities are getting crushed. This is the day that tips the scale. The massive losses endured by hedge funds who were long Shire is laughable, and well deserved. They’ve had it good for too long.
Apparently, ebola is the biggest medical scare in the past 10,000 years. Millions of people are going to die from it and all of us should heed caution and be wearing hazmat suits at all times.
I realize you want the market to bounce. I know your losses are harrowing and you don’t know what to do. That’s too bad. I’ve accepted my fate, one of a vagabond–roaming the earth in search of sport. The stock market will be remembered as a stupid experiment in American capitalism.
My advice to you is to panic, as always. The market is like a mugger, chasing after you to get all of your money. There aren’t any police around to save you. Your only option is to stop running, give him your money, and hopefully walk away alive.
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Frist
Mentally yelling FUCK a lot these days.
I recommended going short via index puts (out of money SPY)
over a week ago, based on wild market gyrations a la Oct 1987.
So I’m pleased that this BEAR market is following my whim.
And APPL at 95+ is beginning to be peeled, on its way to 75.
I hear there’s a huge party going on a “Slope of Hope” – everyone is invited
Haven’t been following. What was going on at Slope of Hope?
And why wouldn’t SLCA be up on a day like today…I’m a long term holder of it, but I can’t explain this one
Not a big follower of perma-bear self-promoter Doug Kass, but he said that a medium sized hedge fund was being liquidated this morning, throwing piles of Roman candles and M80s onto the funeral pyre.
oil’s fall from grace is very reminiscent of the manipulation of gold/silver,
an investor friend of mine always said the trend is your friend, until it is not,
and the trend for weeks has been down
Chess absolutely nailed the ebola trade, which is decoupled from the market, and long from over. Being a health care worker, i work far to much, and i completely missed out to this point. However i must say we are completely unprepared for ebola, ie this trade is just beginning,….
potential for ebola in cleveland now
http://www.nytimes.com/2014/10/16/us/ebola-infected-dallas-health-worker-was-on-flight.html?_r=0
Miss the days when Ben would step up.. you knew the Bears were about to get graped raped. Now even if Yellen speaks.. it’s like high school’s 6th period on a Friday. Yawn…
Is it SPX 1755 yet? Frustrated today cuz my Website Crashed.
http://theyflyblog.com/2014/10/15/billy-meiers-update-isis/
i live in Dallas…fuck..herd got that look in their eye…
Margin Calls anyone?
You know that Janet is not making this call. It’s well above her pay grade. You can hate her anyway but I believe this has everything to do with dropping the oil price down to squeeze Vlad’s nut sack until he cries uncle. When you hear dyadya (Russian for uncle), it will be time to go long again.
Until then do svidaniya!
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… Larry Kudlow was screamin’ last week to BUY BUY BUY !!!
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What a clueless asshat !!!
.
Time really is a flat circle.
(black monday.)
Anyone think the robots will panic into the close?
I have been in cash.
Put together a short portfolio together a week ago. It is up 10%. (not real money. just a paper trade for shits and giggles.)
Truth be told, I would have sold it when it was up 5% about 4 days ago.
I would not have kept the shorts on into the weekend.
Link
http://imgur.com/vG06knk
ETF’s and not balanced across indices.
Just short as hell.
>give him your money, and hopefully walk away alive.
Wisdom
and we will dance as the palaces burn!