Inside The Mind of “The Fly”

Those of you new to iBC get confused by my seemingly never-ending manic rages, bull to bear, bear to bull epic clashes– inside a mind of a person with a 155 intelligence quotient. It’s a lonely world having all these crazy ideas bottled up inside of you. At heart, I am a writer. I enjoy making myself laugh, as well as others, with stories of intense absurdity.

Some of these ideas come to me while driving. Mrs. Fly’s uptight demeanor is a very good inspiration, as well as the millions of people around me in NYC.

Each post takes about 10 minutes to write, some are concocted in 5. I always post without proof reading my blogs, staying with my habit of dynamic thought-flow. The blogs are edited after I post, which might confuse some of you with “what the fuck, that wasn’t there two minutes ago” moments. By the time I finish editing my posts, there shouldn’t be any grammatical or syntax errors; however, sometimes a few slip threw.

I exaggerate my emotions to get a rise out of you. I know what blogs will annoy, elate, motivate or conjure up sympathy from my readership. No blog gets published without sharp sarcasm. Nothing is happenstance: I am the Blogfather.

The front page pictures are carefully selected to either convey a message or to enhance the lunacy of my blogs.

At times my blogs are riddles, rarely picked up by any of you. When I poke fun at people it’s rarely a direct assault on a single person; I am way above that. I attack whole continents of people at a time, swaths of idiots across the great plains to the very top of mountain ranges. There must be a clear and present danger to iBC at all times, else life is boring.

Finally, my money management ideas are not intended to be advice for anyone. This is one man’s journal, for better or for worse. I’ve been granted with the gift of having spectacular years on the internets, show casing triple digit returns, as well as mediocre–like the shit you are seeing in 2012. I tell you these things because many of you are blogging for me now. There are over 200 of you in the Blogger Network now, voicing opinions and sharing news. I greatly appreciate your efforts and hope the exposure you get on iBC fulfills some void inside your pathetic lives. HOWEVER, quality is a must when being apart of the #1 finance site in the whole world. I have my people monitoring every single item posted here and names are going down on ledgers, with positive and negative attributes affixed.

Fuck around on iBC and you will get your mustache axed off your gorilla face!

“This is my passion. If you fuck with it, I will burn your house down.”
-Fly, 2003

Big reversal, especially in the NASDAQ. If I was a degenerate OTB guy, today would chagrin me a great deal. I could have sold everything at higher prices and bought FAZ or TZA. Luckily for me, I do not comport myself in such a manner. I will leave the odd lot trading for you and yours. While you’re busy with that, I will be accumulating shares of TEX, MTW, NXPI, YELP, TDC and CLF on dips.

You must understand: I wasn’t scared when the markets were crashing. There is no way in warm hell this shit is scaring me.

We sold the news. Big.Fucking.Deal.

The panickers will panic. The only way I become a seller is if the Europeans cease to help themselves from shooting each other in the faces with trebuchets.

I gained 1.6% for the day.

A Bull and a Bear

I’d like it very much if the market lifted up by 900 points today, in a concerted effort to eradicate any and all semblances of short sellers. I realize they do the market a service and many of them are my friends. Nevertheless, it’s important that I find an enemy to fixate on at all times, else I get bored. Hence, I’d like to bury them in salt.

I am on the cusp of making so much money, you’re heads are going to fall the fuck off your shoulders.

A small man commented, in one of my previous blogs, an unvarnished truth. He said something along the lines of “yesterday you were a whining little bitch and look at you now.”

Precisely.

That’s how the world works, pal. One minute you’re slipping down a sewer pipe into the abyss below and the next you are kicking someones mustache clean off their face.

I crush skeletons into dust in markets like this.

Without exaggeration, “The Fly” is back in control of his destiny. With 6% year to date gains and 10% cash in reserve, I sense a summer shift coming, one that will be remembered for centuries to come. Your great, great grandkids will read of such tales, “during the summer of 2012 when the Europeans decided to act like men and bail everyone the fuck out for the sake of banking coin” (lots of illogical statements in that last sentence). Men will be made over the next few months and women will go back to cooking me pancakes. By that time, you will be long dead; but your family legacy will live on, as you nailed the summer surge and made trillions of dollars–buying and selling like a crazed arab in a dynamite shoppe.

We’re likely to close at the highs on the Dow. I am fairly certain we are safe today; but I cannot offer similar securities for tomorrow.

You fuckers are getting Cherry Blossomed betting against Ben.

http://www.youtube.com/watch?v=Etzzikix4Mk

THE HOUSING RECOVERY IS HERE TO STAY.

I am sure many disagree, yet revenue growth says you’re a fucking liar.

Just because Ben didn’t come with his printing presses today and push the market up by another 300, this is reason to be somber? You people are fucking babies. You wan’t everything the easy way, which is why you gravitate to charts. Instead of doing the heavy lifting  of research, you look at moronic moving averages and make wild declarations.

The Bearded Clam said a few things, smoked a few blunts, and you’re all pissy about not making ALL OF YOUR MONEY BACK in two days. Well fuck you asshole. The market has been down for 9 FUCKING CONSECUTIVE WEEKS. Pardon the eccentricities of those who have been beaten red to a pulp, wanting to sell on the first lift. There are no guarantees in this business. The market runs on the caprices of others. Never forget that.

Having said that, I am up 2.2% today. Albeit, I was up 3.6% earlier; but you can’t have it all. I am an immensely competitive person, but do not possess the savage greed that many of you have as character traits. I am as patient as an elephant and have no complaints about being up nearly 8% on my AUM over the past two days. My gains are nearing 6% YTD and the wind is behind my sails.

Let the speculators and the vagrants cast their shares aside for dosages of FAZ and TZA. It’s a suckers gamble betting against central banks. They would like very much to keep their heads.

http://www.youtube.com/watch?v=wBfKXHoSvDM

This is amateur hour. I am not in this game for 100 points on the Dow or 3% moves in XYZ. The Bernanke speech is completely and entirely IRRELEVANT. This is not an FOMC meeting and he will not tip his hand. Remember the Fed will only do QE3 if they need to do it. When they do it, they will seek ti surprise and destroy short sellers. No, I am not exaggerating. The Fed is interested in killing short sellers. That is a fact.

I am not selling anything and will gladly give back 1-2% today if need be. I do not bend the knee to gratuitous day traders.

Off to eat a sandwich.

Well, I nailed the Chinese easing surprise. I knew it was coming, but was off by a week. My spies inside the communist government say there is more to come. At 6.31% interest rates, the Chinese are out of their fucking minds tight. If they want to negate the horseshit that is taking place in the west, they will need to cut rates to a much greater extent over the next 12 months.

Barring something horrendous out of Bernanke’s lips starting at 10 am, this market has momentum to the upside. With that momo comes responsibility. The bulls must make the bears sweat, hit them with clawhammers and cut off their dicks. I expect heavily shorted stocks to get going and anything related to China to sprint.

Names like MTW and TEX stand to benefit greatly from Chinese easing.

It’s been a really bad 9 weeks in the market. We seem to get hammered at least once per year thanks to the tenuous nature of the global economy. It’s the new normal. Nevertheless, we have a chance to run a little bit here. Let’s hope policy makers don’t drop the ball.

This isn’t about earnings or valuation. It’s not about trend lines or volume. Believe it or not, this isn’t about debt or rich balance sheets.

The market is about two things:

Computer driven liquidity pools and government and central bank intervention.

There are outliers and you can make money in niche plays, if they are well thought out and vetted. But, in general, the market is a giant convoy being directed like marionettes by people trying to maintain status quo.

I am not interested in making a difference or outthinking the great thinkers. It is what it is and I will continue to adjust by building my own tools (algorithms) and trading ahead of the interventionists. It is a never-ending process and correlations keep changing. We are getting “first time evers” on a regular basis. Being nimble and objective (no YELP) is the best course of action. And it needs to be practiced, not just preached (talking to myself).

I’ve been betwixt regarding buying or selling after today’s melt up. As you know, The PPT flagged overbought on TZA two days ago, for the first time in months. Since then, TZA has knifed lower by more than 10%. There are some things happening in PPT that I’d rather not talk about here, just know there is a hard decision to be made and I did it.

Due to the nature of this rally, with breadth upwards of 85%, I’ve elected to hold onto my positions. The last time we had breadth like this, literally, was 12/20/11. Despite the LTRO melt up of early 2012, we never breached 85%, at least inside of The PPT. As you also know, 12/20 marked the beginning of that cocaine gorilla run to the upside.

So, we have the specter of EXTREME easing by both the ECB and Fed, coupled with a market that has been pissed on for 9 consecutive weeks. By selling here, I pretty much guarantee mediocrity, something I loathe more than anything else.

If you know how to read above a 5th grade level, you know that I haven’t waivered at all on my holdings. I’ve traveled to the fucking pit of hell itself with YELP, TEX, MTW and others, while lamenting over losses in a very public manner. I have no issues sharing my setbacks with you because your opinions mean nothing. It’s like a mouse chirping away at a lion. The lion doesn’t even look at the little cheese eating mouse, because he’s too busy planning to eat elephants.

We are going the fuck higher.

I added to my NXPI position.