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Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,419 Blog Posts

Futures Are Lower, So Expect Stocks to Trade Up

Dr. Fly Tue Jun 9, 2020 9:27am EST 8 Comments

I have a busy morning and probably at a bad time — having a bunch of absolute shit on my sheets with Dow futs -325. The Nasdaq is merely down 48, but I feel like I could get fucked if I’m not careful here. The market is up so much as of late and all of the fucking MORONS are at the trading turrets, blessing the tape with their inane stupidity.

Nevertheless, the overarching trend has been for SHARPLY HIGHER prices — all dips bought twice over — head stomping all short sellers until their bodies turn into dust.

Let me be clear: WE ARE ABSURDLY overvalued — but will it matter?

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8 comments

  1. flea
    flea
    June 9, 2020 at 9:42 am

    “Let me be clear: WE ARE ABSURDLY overvalued — but will it matter?”

    Indeud.

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      marymaclurcan
      June 10, 2020 at 3:24 am

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  2. trumpmeister
    trumpmeister
    June 9, 2020 at 9:46 am

    A fantastic opportunity to buy the dip for cheap.

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    • metalleg
      metalleg
      June 9, 2020 at 10:11 am

      You use the terms “dip” and “cheaply” quite loosely.

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      lifini4850
      June 11, 2020 at 3:51 am

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  3. trumpmeister
    trumpmeister
    June 9, 2020 at 11:55 am

    Donny Boy will call Powell after today red tape to push the tape even higher tomorrow.

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    jatifav251
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