Asian Bulls Ransacked, in Early Trading

As always,

Developing…

[youtube:http://www.youtube.com/watch?v=ORc5Td_T6og 450 300]

At the close of trading, I fuckng [sic] threw my bowl of soup at the televsison [sic].

I love how some of my bullshit stocks went up, 1 or 2%, into the close—after getting lit aflame all day.

In other words, they (conspiracy market guys) are trying to keep me in these shitbag stocks, in order to fleese [sic] me a little bit more.

Plain and simple, this is distrbution [sic]. Big institutons [sic] are blowing out of positions, at any price, in order to raise cash.

While there are many reasons for the sell off, who cares?

It is what it is: shit on a spindal [sic].

In closing, “The Fly” hates dropping shoes and people who talk about them. I hate stocks too and will go home, take my fucking turkie [sic] out of the fridge, and beat it senseles [sic] (I realize frozen turkies [sic] are dead).

NOTE: Anyone still beleive [sic] we are in a bull market?

On days like this, it’s important to run some screens, in order to identify what is working (going up).

The reasoning: stocks that outperform in bad tapes, usually rip the heads off of bears in strong tapes.

Often times there is a news item that can create anomalies; so do some research prior to buying one, fuckface.

Here is my raw list:

ADBE, ICE, NDAQ, CME, ISE, NLY, IAAC, HRL, PEP, MCD, SLE, HANS, CPO, BAGL, TDG, DSL, FED, TYC, PMFG, MIDD, CHD, LMT, DRS, UN, ALE, WCG, ISRG, CN, BRNC, NOV, CAM, SM, BTJ, FTI, SPIR, OSIP, ZGEN, BLUD, LH, WLP, UNH, HSP, MHS, IIG, AMZN, MMM, MO, SFLY, FSLR, QCOM, DIVX, STAR, COH, ZRAN, HIT, ATVI, ELX, DISH, BRCM, NOK, XMSR, PAY, LXK, BTUI, FTE, DT, PHI, SVR, LUNA, COMV, CVI, RIMM and all of the utilities.

[youtube:http://www.youtube.com/watch?v=i-m5fwjjob4 450 300]

If you are scratching your head, wondering why the market is weak, take a look at the yen versus dollar, via FXY.

With the yen carry trade unraveling before our eyes, liquidity is getting tighter. This all comes at a time when U.S. banks are crippled, thanks to sub-prime issues and the Fed, foolishly, worrying about inflation, instead of blood in the streets.

I know some of you dumb fuckers believe they (Fed) should stop cutting rates, in order to defend the dollar. However, I’m telling you now, if they fail to “rescue” the banking system, there will be dozens of publicly traded banks filing for bankruptcy.

Basically, the Fed needs to figure out a way to save the economy. Let the Treasury figure the dollar out. How about a dollar buyback?

So, in the meantime, financials, retail, and homebuilders are in recession, while everything else teeters.

Regarding the market:

We will retest the August lows. I’m not buying anything until 12,800.

We can’t go down on turkey weak, come on.

Plus anyway, I just spoke with a friend of mine and he said: “we’re gonna bounce today.”

However, it’s worth noting, he says: “we’re gonna bounce today,” pretty much everyday.

Also, when the market is ripping higher, he says: “we’re going lower today.”

Costanza trading at its highest level.

So, forget all of your idiotic charts or fundamental analysis. We’re gonna bounce today, because some dude from NYC said so.

How’s that for meaningless market commentary?

…pack your bags and go home.

Everything is getting the “homo-hammer” of death, except RIMM and AAPL—bull market favorites.

Here’s my take:

Watch those two stocks closely, because if they start breaking down, the Naz is going to “shit the shower,” in a very bad way.

Furthermore, if you’re bearish, it makes sense to sell them short here, for a trade.

If you’re long, like me, go eat a sandwich—then take a nap or sell everything

Either scenario is perfectly acceptable.

NOTE: Should the market go up from here, I suspect both AAPL and RIMM will offer leadership.

Why bother buying the dips, if all we get is the same miserable tape, every-single-day?

Look at FNM. That stock has been obliterated, alongside almost every other financial related stock.

Running through my list, SOV, BBX, C, RBS, MER, MS, LEH, BSC, BCS, just to name a few, look terrible, while GS presses higher.

Providing the market stays in the tank, there is no way GS can sustain its current valuation. I don’t care how “smart” those fuckers are; the stock will trade lower—eventually.

As for today’s trading:

UN, LMT, PCP, MCD and other defensive stocks continue to press higher, while everything else languishes—preparing for the death blade.

Barring a miraculous reversal, the market is on its way to shed another 1-2%, led down by financials, basic resources and retail—all recessionary signals.

This market is pretty much gay.

Enjoy.

So, for months, I’ve been seeing this “stock robot” trading machine ad, all over the net. From time to time, it would pop up on my blog too; so I bought one.

The “stock trading robot” was delivered in a metal box, about half the size of a coffin. I’m sure my neighbors thought “The Fly” was having dead monkey’s delivered to his house. Very nice.

Fuck them.

After the delivery men left, I opened the mini-coffin and turned the robot on—thinking this ugly fucker was my next meal ticket.

At first, he was just an ordinary robot, with stupid movements and “low-IQ-ish” behavior.

But, I noticed he was picking up on some of my mannerisms, such as asking for coffee, then pouring it into an idle Starbucks cup.

Crazy shit.

After getting familiar with this robot, I decided it was time to see what the fucker could do at the trading desk.

One day, me and this coffee pouring robot stepped into the office, much to everyone else’s chagrin. I introduced the “stock robot” to everyone, declaring: “take a good look at your future replacement.” I even programmed the robot to say cool things, like: “fuck you, you’re dead” and “your Mother is a goat milker.”

He would constantly say that shit. Good times.

So anyway, seeing the robot trade for about a week, I was somewhat unimpressed. I mean, all that fucker would do is buy MVIS, sell short CWTR, then automatically throw something at my trader/servant— every 47 1/2 minutes (I programmed him to do that).

With the amount of money I paid for this fucker, I thought he was going to make me billions. Instead, this shitcan ended up short circuiting himself, via pouring an entire pot of hot hot coffee over his dumb robot head.

A terrible way to die, indeed.

The moral of the story: “stock trading robots”are fucktards and they don’t work. Keep those fucking robots in the factories and out of the trading room.

Trust me.