Back to “The Fuckery”

Now this is the type of market I can commit murder over. This is the type of “pinless hand grenade action” that pushes a man to throw everything a way, in favor of stabbing people in the face with jars of peanut butter. First we dive, then we rise. Now we just sort of sit on the flat-line, fucking with people’s brains. It’s moments like this that “The Fly” wished to dear God that he was a zombie. Instead of enduring this mouse-wheel, I’d be on Wall Street taking bites out of people skulls, right about now.

“Pardon me Miss, can I bother you for the time?” CRUNCH!!!!

For better or for a lot worse, I’ve been adding to my TZA position, as it trades lower. I’ve done nothing with VXX. I am done buying that. And, in light of this “gay as fuck” rally, I added to my GLW position. Essentially, one way or another, we all get split two for one by Mother Market. Some make it to an old age, like that Kerkorian fucker. But, rest assured. we all split two for one.

In short, GET IN THE MEAT GRINDER! We’re serving up tacos for supper.

Lots of stuff to look at here. First off, most of the upside ETF’s are OVERSOLD here. However, there is a certain waiting period involved for these trades to work out. It’s interesting to see oil, gold and the Euro ripping tits; but what about the Yen? WHY IS THE YEN RIPPING TITS?

Without a doubt, that is a big negative, in bold letters.

Treasuries are selling off and natty is up. Essentially, MOST of the ingredients for a rally are present, with a notable exception in retailers. Across the board, retailers are weak. I am not sure if it matters. People may ignore them and just go long, for fear of “missing out.”

All I know is this: we are supposed to trade lower. If I lose on my TZA and VXX positions, it was worth the risk. With my mammoth cash position, despite being tempted to go long, I am sitting on my hands in “do nothing” mode.

My largest long position is GLW.

Rolled in around $32.38.

UPDATED: Added at $32.20

Booked a small gain. This fucker is too bogged down.

Onto the next one.

Developing…

For centuries, stupid men with big fucking beards have been trying to debate the inalienable truths of mathematics. They’d gather near the fireside and argue against 2+2 or 3×1, until someone got tossed into the fucking fire. Fast forward 10,000 years and people are still getting tossed into lit fireplaces, over tedious squabbles, regarding the basic fundamental laws of mathematics.

The fact of the matter is: the sell off ensuing in the market is young. You might be tempted to jump in there, with grandiose hopes of “doing something special”; but you’re only going to end up embarrassing yourself or WORSE: end up on the receiving end of a fucking lit fireplace.

Ladies and plebs, do not fight The PPT, for it is a space aged time machine, while your charts are nothing more than localized graffiti. Frankly, if I was a police officer, I’d arrest many of you chart fuckers for vandalism, because that’s exactly what you are doing and it’s a motherfucking crime!

In closing, I am not trying to make a killing on the decline, sans my personal trading accounts. I am here, mind you, to see you deposited into lit fireplaces then, ever so gingerly, buy out your egregious margin liquidations.

It’s important to acknowledge what is moving the indices everyday. The biggest companies, by market cap, is where the big money hides. Using a simple screen in The PPT, cross referencing companies with market caps over 10 billion and ranked highest by technicals— using our algorithms— here is your current leadership.

HDB
LVS
GENZ
SAN
FIS
AZN
UBS
FMS
CMCSA
PX
HIT
BBD

NOTE: Cajun is gifting away 12631 t-shirts. But there’s a catch.

Much to my surprise, the bulls kept it together today, despite all of the ingredients present for a most horrendous decline. Everything resets tomorrow, except for the inevitable pullback in Asia tonight, led by the Samurais in Japan, thanks to strong Yen. CAT and XOM kept the ball rolling today, effectively knee-capping all beartarded attempts to bring the big index lower. Nevertheless, it looks like I will close with marginal gains in both VXX and EDZ, for the day.

One this is clear to me: you cannot have the Yen and Treasuries up here and expect the market to rally. Life doesn’t work like that.

While it’s true, the CDS market has improved a great deal over the last two weeks. It’s also true that the CDS market is now littered with fucking morons who think they are going to hit “Bear Sterns lotto” or some shit. I do not think the market will crash, nor will we see grandiose failures. I’m just looking for a pullback.

Bottom line: If we are setting up for a 10% move in the market, what do you think is more likely, 9,000 or 12,000 Dow?

The time for games ended yesterday. With this post, I hereby put you on notice: the “black flag of absolute death” (not that half measure shit) is coming your way. Run now, else, ummm, receive the black flag.

That is all.

A corrupt judge just ruled that it is illegal to uphold the law in Arizona. The O’bama administration has no idea what it just started. The majority of people view illegal Mexicans worse than Al Qaeda, mainly because most Americans have the IQ of a llama. However, it goes without saying, if you are going to run a fucking country, it needs laws. Without the law being enforced, the law in an ass. Going with that train of thought, this country, as a whole, sans states who want to uphold the immigration laws, is an ass.

In my opinion, this should have little to no bearing on the markets. If anything, it increases the chances of big GOP wins this fall, which will undoubtedly buoy the market, if only for a couple days.

Nevertheless, I am disgusted by the policies and inaction of the Federal government. There is no one there to represent the will of the people. That includes BOTH SIDES OF THE AISLE. I know some of you will point to one or two “good guys”; but they have no power. The power in consolidated into one train of thought: milk the people.

As for the markets: very boring. It’s never a good idea to short a boring market. I want you to understand, despite my gloomy forecast, I still hold a plethora of longs and even more cash. I have built up a colossal cash position (40%), so that I might endeavor to buy your margin liquidations, yet again. As absolute as my convictions may be regarding this market coming down, it is NEVER easy riding out tops, or bottoms for that matter. I loathe the process.

Keep your beady little eyes on the Yen, for it is your master.

You’re over there, all comfortable and shit, watching some delightful movie in 3-D, while picking at a box of raisins. They taste quite delectable. As a matter of fact, they taste so fucking good, you offer one heavenly raisin to your wife, saying “honey, OMG, you must try one of these, they are sooooo good.” Much to her horror, your fucking raisin has antennas and its legs are scurrying about trying to break loose of your fucking grip!

You’ve been eating roaches the whole time, you sick, perverted, son of a bitch!

The same shit applies to this market. All of the earnings and growth numbers being reported: fucking lies.

I read the comments section here and see many of you make excuses to lose money. You bitch “awww man Fly, just yesterday you liked stocks and now you don’t. How can I follow you when I have to work and do not have time to do trades during the day?”

Oh really? You dumb son of a bitches don’t have lunch breaks? You mean to tell me your life savings or investment nest egg is not priority? If so, pal, you’ve come to the wrong site. Plus anyway, I’ve been telling you fuckers I would start to sell off my longs, as The PPT approached OVERBOUGHT. I told you I’d add to my EDZ/VXX positions. Furthermore, I told you when the market reverses, it will not be a one day event.

Quit making excuses for mediocrity.

In closing, the market is one big roach.

Having said that, I sold out of my BAC position and added to my EDZ.

Today’s tell: FXY