BULLS PULL A RALLY OUT FROM THEIR BEHINDS

I didn’t want to admit the market was going to rise by 500, so I ended up flat for the session — giving up early gains of +95bps. These type of things happen, when you are a dynamic thinker. Those one track minded PERMANENT BULLS of course made 2% today and every other +500 point day; but they will also feel the wrath of my sharpened blade (made in China) when the worm turns and the mood darkens.

In typical American fashion, nothing matters. The scum ran prices up instead of lower and I am sitting with a loss on my SQQQ position.

Since I cannot be fooled either way, I also possess a sundry of longs and am leveraged at 108% due to my outsized SQQQ positions. That’s neither here nor there. The point here is to withstand the BOOLISH barrage and relinquish the longs into rallies but bank on there eventual demise of both Jim Biden and the US stock exchange.

Whilst this might sound like a rather curmudgeon and bleak outlook on life in general, I cannot tell you how elated and happy it makes me feel to know I am living to see the end of western finance as we know it today and look forward to the happier times to come in a caravan of armed wagons shooting at one another on the trade route.

There is a hope and a dream of a November rally — based upon seasonal factors. There are those who will point out “America loves to stuff their fat fucking faces with stocks before cranned berries” and that betting against the market in the month of November, ahead of the pagan holidays, is sacrilege. But this is stupid, since Americans do not posses an iota of religion and scatter away rather quickly when the bear comes looking for food. I suspect, and again I am only speculating here, the bear will be famished during November and will walk heavily upon the stock exchange biting off the heads of traders and spitting them into their Bloomberg terminals, whilst taking a shit atop of Goldman Sachs’ trading desk.

I didn’t want to admit the market was going to rise by 500, so I ended up flat for the session — giving up early gains of +95bps. These type of things happen, when you are a dynamic thinker. Those one track minded PERMANENT BULLS of course made 2% today and every other +500 point day; but they will also feel the wrath of my sharpened blade (made in China) when the worm turns and the mood darkens.

In typical American fashion, nothing matters. The scum ran prices up instead of lower and I am sitting with a loss on my SQQQ position.

Since I cannot be fooled either way, I also possess a sundry of longs and am leveraged at 108% due to my outsized SQQQ positions. That’s neither here nor there. The point here is to withstand the BOOLISH barrage and relinquish the longs into rallies but bank on there eventual demise of both Jim Biden and the US stock exchange.

Whilst this might sound like a rather curmudgeon and bleak outlook on life in general, I cannot tell you how elated and happy it makes me feel to know I am living to see the end of western finance as we know it today and look forward to the happier times to come in a caravan of armed wagons shooting at one another on the trade route.

There is a hope and a dream of a November rally — based upon seasonal factors. There are those who will point out “America loves to stuff their fat fucking faces with stocks before cranned berries” and that betting against the market in the month of November, ahead of the pagan holidays, is sacrilege. But this is stupid, since Americans do not posses an iota of religion and scatter away rather quickly when the bear comes looking for food. I suspect, and again I am only speculating here, the bear will be famished during November and will walk heavily upon the stock exchange biting off the heads of traders and spitting them into their Bloomberg terminals, whilst taking a shit atop of Goldman Sachs’ trading desk.

I didn’t want to admit the market was going to rise by 500, so I ended up flat for the session — giving up early gains of +95bps. These type of things happen, when you are a dynamic thinker. Those one track minded PERMANENT BULLS of course made 2% today and every other +500 point day; but they will also feel the wrath of my sharpened blade (made in China) when the worm turns and the mood darkens.

In typical American fashion, nothing matters. The scum ran prices up instead of lower and I am sitting with a loss on my SQQQ position.

Since I cannot be fooled either way, I also possess a sundry of longs and am leveraged at 108% due to my outsized SQQQ positions. That’s neither here nor there. The point here is to withstand the BOOLISH barrage and relinquish the longs into rallies but bank on there eventual demise of both Jim Biden and the US stock exchange.

Whilst this might sound like a rather curmudgeon and bleak outlook on life in general, I cannot tell you how elated and happy it makes me feel to know I am living to see the end of western finance as we know it today and look forward to the happier times to come in a caravan of armed wagons shooting at one another on the trade route.

There is a hope and a dream of a November rally — based upon seasonal factors. There are those who will point out “America loves to stuff their fat fucking faces with stocks before cranned berries” and that betting against the market in the month of November, ahead of the pagan holidays, is sacrilege. But this is stupid, since Americans do not posses an iota of religion and scatter away rather quickly when the bear comes looking for food. I suspect, and again I am only speculating here, the bear will be famished during November and will walk heavily upon the stock exchange biting off the heads of traders and spitting them into their Bloomberg terminals, whilst taking a shit atop of Goldman Sachs’ trading desk.

Th halcyon days of 2006 are never coming back, the era of the shopping mall and peak Pax American are a far and distant memory. We believed in 9/11 and the wars and everything America stood for: freedom and democracy. It turned out, all of it was a fraud and the people who concocted these schemes are arch criminals, who, as a matter of fact, still rule you and are now telling you we need to protect the “democracy” of Ukraine — which was elected by sniper rifle in a 2014 coup.

In 2001, at the onset of the New World Order, America’s debt burden was $5.5 trillion or 55% of GDP. At the time it was considered to be an atrocious thing and responsible people wanted it reduced by ending the deficits. Well if you thought that was bad — how does $32 trillion or 124% of GDP sound in a era where the GDP portion is about to decline?

The only reason why the US dollar isn’t toilet paper is because of petrol dollar schemes. That, amongst many other things, are in play with the war in Ukraine — which is why they are going all in.

Tomorrow we have employment data. Hope for bad news.

I closed at session higher +102bps and amazingly my quant closed +255bps — with a bias to the downside in trading.

All trades are publish in real time inside Stocklabs.

The world is falling apart and the poor souls playing in the World Cup aren’t permitted to wear their gay armbands. Both Turkey and Serbia are on the move, militarily, and war is all but a foregone conclusion between Russia and the Unites Steaks.

Recession is here and now and we are seeing levels of distress not seen since 2008.

Personal savings and debt are inversely correlated on steroids, which reminds me that we had it all in 2021 and because of it — we were shattered to pieces and much much more.

Personal Savings vs Credit Card Debt pic.twitter.com/vV9qYLqxnZ

— zerohedge (@zerohedge) November 21, 2022

The EU, at the behest of the US, have schemes to initiate an oil price cap for Russian oil — which is on par with not liking the price of bread at the store and refusing to visit said store for bread. The end result will be Europe without oil and other Russian customers with their oil.

We are at the very onset of the ending salvo of the fourth turning. By next year today, things will be monstrously worse for society and we can only hope this pain and suffering will bring about actual death and carnage to all of those who afflicted us with this sorrow.

THAT BEING SAID, I am directionally long and leveraged long into National Festival. I did not get involved with shit stocks like COIN or AFRM, but instead own risk averse names with some ERX, TSLA, and GOOGL to boost. My bed has been made and tonight I will fantasize of stuffing and thickly ladled gravy on top of turkey legs and dream about the good old days and pine for them to return — when homosexual armbands could fancied about without hazard and trannies could run about freely cutting their dicks off in the green pastures and yellow sunshine — cascading into the blue ocean of freedom and liberty.

I was going to short the fuck out of the tape because I really really want the market to collapse. But then I thought twice about it and conjured up all recent dips and how THEY mechanically stop markets from careening lower when needed most, so then I covered my shorts and kept a 70% long book, 30% cash.

My positions are moderate and if we bounce tomorrow, I won’t make a huge amount of money — but perhaps enough to erase todays -0.5% decline. I rarely get taken to the woodshed in any large drawdowns, since I play both long and short — as a professional risk manager should. If I was ONLY bullish, I’d be dead right about now.

Much of what we are seeing in this tape can be viewed cathartically via the Elon Musk twitter feed, who is absolutely losing it. Here are a few examples.

Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?

— Elon Musk (@elonmusk) November 28, 2022

What’s going on here @tim_cook?

— Elon Musk (@elonmusk) November 28, 2022

Did you know Apple puts a secret 30% tax on everything you buy through their App Store? https://t.co/LGkPZ4EYcz

— Elon Musk (@elonmusk) November 28, 2022

Apple should publish all censorship actions it has taken that affect its customers

— Elon Musk (@elonmusk) November 28, 2022

pic.twitter.com/uKEY9mVujp

— Elon Musk (@elonmusk) November 28, 2022

My bedside table pic.twitter.com/sIdRYJcLTK

— Elon Musk (@elonmusk) November 28, 2022

I’d be lying if I wasn’t entertained and hooked into the whole “FUCK THE ESTABLISHMENT” cunts vibe Elon is giving out. But then I remember he’s the wealthiest man in America and, like Trump, enjoys hearing himself breathe. I won’t be fooled into advocating for Musk — but will secretly enjoy and support him from the rafters. It’s important to have balance in all things and even though Musk has short comings, like all of you, he is serving a purpose to expose his ilk — which is partly demoralizing, partly invigorating. I haven’t made a final decision on this chapter in The Ending of Pax Americana; but it’s damned well entertaining. That’s for sure.

Ok, let’s hope for some upside tomorrow, so that I can sell and profit and then sink lower when I throw some shorts back on.

I was going to short the fuck out of the tape because I really really want the market to collapse. But then I thought twice about it and conjured up all recent dips and how THEY mechanically stop markets from careening lower when needed most, so then I covered my shorts and kept a 70% long book, 30% cash.

My positions are moderate and if we bounce tomorrow, I won’t make a huge amount of money — but perhaps enough to erase todays -0.5% decline. I rarely get taken to the woodshed in any large drawdowns, since I play both long and short — as a professional risk manager should. If I was ONLY bullish, I’d be dead right about now.

Much of what we are seeing in this tape can be viewed cathartically via the Elon Musk twitter feed, who is absolutely losing it. Here are a few examples.

Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?

— Elon Musk (@elonmusk) November 28, 2022

What’s going on here @tim_cook?

— Elon Musk (@elonmusk) November 28, 2022

Did you know Apple puts a secret 30% tax on everything you buy through their App Store? https://t.co/LGkPZ4EYcz

— Elon Musk (@elonmusk) November 28, 2022

Apple should publish all censorship actions it has taken that affect its customers

— Elon Musk (@elonmusk) November 28, 2022

pic.twitter.com/uKEY9mVujp

— Elon Musk (@elonmusk) November 28, 2022

My bedside table pic.twitter.com/sIdRYJcLTK

— Elon Musk (@elonmusk) November 28, 2022

I’d be lying if I wasn’t entertained and hooked into the whole “FUCK THE ESTABLISHMENT” cunts vibe Elon is giving out. But then I remember he’s the wealthiest man in America and, like Trump, enjoys hearing himself breathe. I won’t be fooled into advocating for Musk — but will secretly enjoy and support him from the rafters. It’s important to have balance in all things and even though Musk has short comings, like all of you, he is serving a purpose to expose his ilk — which is partly demoralizing, partly invigorating. I haven’t made a final decision on this chapter in The Ending of Pax Americana; but it’s damned well entertaining. That’s for sure.

Ok, let’s hope for some upside tomorrow, so that I can sell and profit and then sink lower when I throw some shorts back on.

A boring tape is a tape you do not sell short. Although the NASDAQ is lower today, I’d venture that this is, ahead of a holiday extended weekend, nothing more than the calm before the storm.

I am, at the moment, fully long without hedges. I might grab a hedge by the close — but probably not. I depart for Boston and then NYC, so I will be busy catching planes and making sure Mrs. Fly doesn’t make me late.

Barring a late day collapse, I made more than 3% for the week, a refined move higher after weeks of surrender. I look forward to re-establishing the long tradition of winship back at these confines. It should be noted that Stocklabs nailed the trough on 8/16 and those following the signal made coin without having to break a sweat.

I wish you all well and hope you find happiness and fortune in this market. But just know that whatever salients of success you progress through pale in comparison to what The Fly transcends into on a regular basis. It’s good for you that I, as a point in fact, discuss markets in a public venue so that, perhaps you, might glean from me small tidbits of greatness and wisdom — like chum bandying around a great white shark.

Signing the fuck off — happy Labor Day work slobs — be well.