The Gilded Era of 40 is Back

I’ve decided to punish myself for missing out on this epic rally. From here on forth, until the Dow touches down on 10,000 again, “The Fly” will behave like a gentleman and WILL FORGO using the devil’s language aka cursing. It’s the least that I can do, considering the stock market Gods must be upset with me. It’s a sacrifice of sorts, a symbol of dedication and delusion.

If you haven’t noticed, I’ve taken a break from rational thinking and find myself rooting for disaster, zero-hedging without compunction. It takes a big man to buy NFLX every day. In that regard, “The Fly” is somewhat small. However, I do know a great deal about the inner-workings of the market, as it has afforded me a comfortable living for more than a decade. All of my principals and investment acumen point to one singular position: caution. Is it acceptable to lose money due to your beliefs?

Well, that’s a question that is up for debate. By no means am I an ideologue, some ashhat [sic] who finds pleasure in disaster. Quite the contrary. See, I am only and specifically interested in buying your margin liquidations. This type of market is of no use to me, as everyone is running together, like a herd of zebra. I will have you know, “The Fly” is unique and would never be seen with a herd of any sort.

Some of my longs went up today, specifically C and FTK, which in turn helped couch the pervasiveness of my VXX loss. In actuality, I made money today in managed accounts, yet chalked up another loser in my personal.

I said it once and I will say it again: this run is unsustainable and will fail. Everything about it is illogical and deviates from rational thinking. Everything you read and hear is a lie, a grand scam. Look you, I have immense staying power and will ride this out, as long as I deem fit. As the market continues to defy the basic tenets of logic and reason, I will get more aggressive and bet bigger. This is not a game anymore and I am not flogging around. Always remember, “The Fly” wins all the time, especially during periods of grave duress. This story will end, as all of the others in the past: winship for yours truly.

[youtube:http://www.youtube.com/watch?v=szwLbBNl5o0 616 500]

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Commodity stocks are ripping today, thanks to QE2. However, even though QE2 really does exist, tech stocks are lagging. Naturally, they are playing rope a dope, ahead of merger Monday. But, it is worth noting the weakness in the nasdaq, as evidenced by two consecutive days of downside reversals. I speak of NFLX, PCLN, BIDU, QCOM, ATHR, SYNA and AKAM, all stalling out here a little.

Do not be alarmed, as this frightening occurrence must be a temporary glitch in the QE2-3000 algorithms. I am sure they will have it fixed shortly. At that time, you may resume your regularly scheduled “perpetually higher” tech stock rally.

As an aside, I used my final bullet to short a little more AEM, in the $71.50 range. I may now proceed to lose vast sums of dollars, as QE2 inflates the value of everything, sans the shit in my pocket.

NOTE: TLT is not down as much as it seems. They paid a divi today.

Goodbye and farewell.

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Despite a weak economy and Detroit devoid of jobs, oil is trading north of $80. Think how lucky we are, to enjoy such prices, even though we have RECORD supplies of oil. Correct me if I am wrong, but don’t we have more oil now than at any time in the history of the world? To think, should this economy “come back,” oil will trade north of $400. Actually, if oil did trade up to $400, I’d enjoy it a great deal, as it would force all of you blue collar losers off the road, leaving it for the rich only—a gentleman’s pastime of sorts.

Once the rich are left on the roads, driving will become a privilege and an honour, once again—as it was intended by God. People will tip their hats to one another, as they ferry their respective families to far away park grounds, where picnics will take place. Granted, it might cost $500 just to fill up a tank; but it will be money well spent.

Additionally, airplane usage will be reserved for the wealthy, as fat fuckers with 10k in their 401k’s will be “X’d” out of the whole ordeal.

Frankly, thinking about the future of big oil gives me goose bumps. I might just buy a few oil stocks today, just for the novelty. Or, after seeing EDMC and LLNW rip higher, I might buy a Goldman Sachs holding, or two. I have the full list inside The PPT. Just to name a few: H, CVI, NPD, CIE, KAR…

Seeing the futures, we are set to rally at the open. It makes no sense, small boy, to ponder about these things, as the Federal Reserve has more punches for your scrotum. They do not care about dollars or family trips to the park. All they care about is QE II. They have QE on their brains, 24/7. When their wives ask them to throw out the trash, I am 100% certain they reply: “QE II, bitch. Throw that shit out yourself, ho.”

To be honest, I can’t wait for QE II. By the way, when rates start going up, how will the Fed unwind all of that paper they are buying? Wait, I know: QE III.

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If you rubes like wine, you will enjoy his show.

[youtube:http://www.youtube.com/watch?v=NGAHDTM39yk&feature=sub 616 500]

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Little by little, the chairs are being removed from the floor. Soon enough, the music will end you will be left sitting on the floor, with tin cup, without coin. What you are witnessing today is classic end of the quarter bullshit, as money managers dress their respective windows with all of the finest shit. We haven’t seen this type of volatility in awhile. If you are long NFLX and made 30% this month (LOL!), you have to lock that shit in. At the same time, you have funds who are cash heavy dying to get in the game.

A few things that interest me, aside from perpetually higher equity prices:

FXY fishtails higher daily, much to the chagrin of the Bank of Japan and Japanese exporters.

TLT is rock steady, as retail money floods into bonds.

Banks have been weak all month long, despite the mega-charged, QE2, rally.

The market is controlled, once again, by the minute by minute fluctuations of the dollar.

Gold is the new reserve currency (rolls eyes)

No one seems to be concerned with weak European growth, following continent wide austerity programs.

Why do people think devaluing the dollar will lead to prosperity? Did it work for Japan? Furthermore, are we seeing inflation or purposeful currency devaluation on behalf of the Federal Reserve? Remember, Japan’s currency went down forever, amidst bone rattling deflation.

In short, ignore today’s volatility. It means nothing. Some of you think the market is going to new highs, based upon technicals and other stuff, ideas totally devoid of logic and reason. Others think the market will crash, due to the inexecutable, improbable and impractical U.S. policies that aim to print money, in order to solve deep rooted economic problems. The rest of you don’t know what the fuck is going on and have opted for the luxuries of cash. One thing is for certain: the animals in the zoo are running and in charge of the nuclear arsenal.

Feel lucky?

At the end of this quarter, my gains stand at about 27%. I am currently long large amounts of VXX, despite you motherfuckers panning it daily. I am short AEM. I am long large quantities of TLT and have been buying FXY. I have some longs left, but nothing meaningful.

For the love of homosexual dogs and criminal enterprises, I am positioned for a pullback.

[youtube:http://www.youtube.com/watch?v=FgDnrm8eZ5s 616 500]

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Ireland bailed out their big stupid bank with monopoly money. That bailout, when scaled up to our size, is worth 4 trillion dollars. Had that news come out 2 months ago, the Irish would be throwing fire bombs in Dublin, trying to kill off their government. No, none of that would be had in the gentrified month of September, 2010. Instead, we get rallies upon rallies.

I just got back to the office, as I was out all day conducting business—if you must know. Looking at the market now, I see nothing was missed. Big rally. Failed rally. False breakdown. Get your popcorn ready.

NFLX, JCP, JWN, IVN, BIDU, CNH and LINTA all popped more than 30% in September. MCP and FNSR soared more than 50%. Folks, the market is as gay as a three legged statue of Liberace, with all of them diamonds and shit on it. Do not pretend to understand; just move on.

As for me, I managed to miss out on one of the coolest melt ups in the history of the stock market. I did take some bullets to the chest, through VXX/TZA positions. However, for the most part, damage was contained due to asset allocation weightings. Going into October, I carry the same bullshit that gave spastic strokes in September (full position sheet inside The PPT). Some of you call it madness. I consider my dedication to be religious. Don’t fuck with my religion, else I’ll go Ireland on your candy asses.

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This guy is pretty good. Always objective, unlike most of you bullshitters.

[YOUtUBE:http://www.youtube.com/watch?v=b9ONaeiC_yg&feature=youtube_gdata_player 616 500]

What’s your number?

[YouTube:http://www.youtube.com/watch?v=Humfsis-QLI&feature=youtube_gdata_player 616 500]

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Do not be silly, small pleb. The market is not going lower, nor the shares of NFLX—ever. Thanks to QE2, the Taliban has surrendered and Osama Bin Laden killed himself, via rpg to the face. Fighting the BEARDED CLAM is simply too hard. The world, as we know it, has changed forever. Remember, stock prices are always attractive, no matter the price. FFIV, AKAM, CRM, AAPL, BIDU and friends will bring about a new renaissance, not seen since the go-go days of the late 90’s.

I know some of you were annoyed by some breaking news story, regarding JPM and fraud. Please, ignore all stories, as QE2 is about to commence. For the record, QE2 does not like when you sell securities.

As for me, I am plagued with a disruptive mental disorder. Therefore, I cannot and will not be held responsible for my own actions, which are many. Thus, I initiated a long position in FXY, with the hopes and prayers that the great country of Japan will capitulate and swim in its own feces. Aside from that, if you haven’t noticed, I’ve given up trading stocks. I’ve been waiting for some semblance of a retreat, much to chagrin of my daily account balances.

Oil spiked today, as well as small cap equities. Prepare for the continuation of “September Surge,” first thing tomorrow morning.

[youtube:http://www.youtube.com/watch?v=Cq-NShfefks&p=59E10A90561B4AE4&playnext=1&index=21 616 500]

Top picks: psychotropics

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I’ve come to embrace this melt-up and now find myself rooting against myself. Life simply isn’t fulfilling without NFLX, FFIV, CRM, CMG and AMZN trading higher. I want the highest prices possible, for all stocks, particularly those with PE ratios north of 40. If you find yourself catching pinless hand grenades inside of a murderhole, resurrect yourself and transform into an asshole dip buyer. It’s pretty simple. Join the party and piss on those who think the market is expensive.

With the Bearded Clam on your side, you can’t lose. No point in “fighting the Fed,” while there are plenty of easier fuckers to fight.

Looking at today’s tape, I see nothing but green pastures, littered with daises and lavender. For some oddball reason, banks are trading down this morning. However, from what I gather, banks are no long used in America. Therefore, the market can go up without them.

Haters drinking haterade.

In closing, life is all about HPQ ripping out your long position at a 55% premium. Don’t hate the player; hate the game.

[youtube:http://www.youtube.com/watch?v=ca3hhFfFH-k 616 500]

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I am happy to report, “The Fly” has won the honor of being named “Best Blogger of the Year Award,” by the good folks over at Blogger Institute For Finance (B.I.F.F.) Naturally, the process was democratic, with the BIFF delegates casting anonymous ballots, choosing from 99 finance bloggers, worldwide.

Here are some of the results:

1. “The Fly” (iBankCoin) 77%

2. Big Picture (10%)

3. Zero Hedge (8%)

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56. HOWARD LINDZON (1/2%)

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99. Reformed Broker (1/32%)

Once again, congratulations to “The Fly” for winning this years BIFF award.

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