My Market Call

We will be appreciably higher within 3 trading days.

The technicals have been eroding over the past week. We’ve see the “June Swoon” really grip the hearts and minds of the unwashed, as they now scurry for the exits like rats aboard the SS Titanic. Very sorry, there aren’t any lifeboats reserved for rats.

This is the sort of tape that needs to be waded through. Headline news will be negative and sentiment dour. Nonetheless, every single time the chips have been down, our Central Bank Overlords have saved the day. I don’t see any reason why this shouldn’t happen this time around. Look at the euro. It’s up for the day.

Does that make sense?

Of course not.

Prepare the helicopters for rapid papering over and subsequent stock market rallies. I’ve always been a huge fan of QE, now more than ever. In this regard, nothing has changed. As a matter of fact, the printing presses need to work with even greater vigor and tenacity now, since the ass-end of Europe has decided to shit out their economy into the Mediterranean.

I am living Victorian style, finally.

Who needs the basic luxuries of modern refrigeration when you have perfectly good coolers filled with ice to preserve provisions with? Sure, the $800+ amount of WFM groceries that had to be idly tossed away was a write down; and yes, it’s a bit of an inconvenience to be forced to eat out each and every night. But we will manage and prevail, yes?

Why haven’t I purchased a new fridge, you ponder?

Apparently, Mrs. Fly is hellbent on seeing her warranty honored. The yam eating repairmen are all on vacation, cavorting about the Disneyland in search of dipping dots, while I am here in the 19th century tending to the melting ice. After all, what better use of the Space Alien Magian (SAM) than have him dealing with menial tasks, such as preservation of perishable goods?

Markets are starting to look dicey. I was mocking them this morning, while down just 130. But now we’re down over 220 and the fucking NASDAQ is no joke to the downside. I’m not even gonna get emotional over this. I know you’re waiting for me to pop off, pissed off about this or that. It’s not gonna happen this time, lads.

“The Fly” is a new man, a person of great distinction and emotionally recalcitrant to the modus operandi that rules your body, minds and souls.

Wake me up when black smoke and chards of metal are bustling through the city streets.

My XLU is up. My SAGE is even up. And only 50 NASDAQS have been stolen from the national treasury. Am I supposed to be fearful of this? If you want my attention, you’re gonna have to steal at least 100 NASDAQS. Even then, my emotional barometer is a bit broken right now, maybe because of the fact that I DON’T GIVE A SHIT.

Fuck the Greece monkeys and everyone else north, south, east and west from it. Fuck them all.

We will wait and see this whole ordeal out. I have some cash on the side and my XLU position is very large, leaving me in a position of dominance over you. Now you can talk shit about how awesome and amazing you are, as your stocks knife lower and your net worth plummets to negative equity.

Off to see about a sandwich, since I don’t have a fucking refrigerator anymore and live out of a god damned ice-box/water cooler.

Greece walked away from the Nazi table and will exercise a bank holiday tomorrow, as well as implement capital controls. Bordering Macedonia is taking precautions as well. This is the end game for the Greek people. Very soon, they will be starving, en masse, as deflationary forces grip their heads into the vice of German machines.

The euro is down about 1% and the outlook for equity markets looks ominous.

But will Grandma Yellen and co simply sit back and watch these shenanigans without taking action? Will the good Dr. Benjamin Bernanke, in his dimly lit corner office at Citadel, sit back and watch his good work go to waste?

1. Forget about Fed tightening. It’s a ridiculous notion and will never happen when police are in riot gear trying to control fuckers who don’t want to pay their bills.

2. The ECB will be forced to print until their heads explode, to backstop any losses due to a Greek exit. Fuck all of you assholes who say “Grexit.”

The ECB has been giving money to Greece in order to keep their euro pipe dream intact. The biggest loser in all of this is Germany, giant fucking bagholders, ashtrays for the lazy giraffe eaters in Crete.

Dips will be bought.

I don’t know why some men dislike Brad Pitt. For the love of God, the man starred in Fight Club, Inglorious Basterds, Legends of the Fall, A River Runs Through It, and now Fury.

This is a fantastic war film, offering a less jingoistic approach to glorified battle in favor for the harsh realities. This is not a sugar coated WW2 war film and it will make you feel uncomfortable at times. It’s haunting, inspiring, and also bad ass (cue Pitt speaking in German as he mows down the Nazi bastards).

Because of my wide ranging portfolio of stocks, I shed 0.5% for the day. However, my core trading positions performed well today, with gains in XLU (largest position), SBNY, CENX–with moderate losses in ARWR and SAGE. That being said, I invite you to bet against me.

The stage is now set, good people from the inter webs, to enjoy splendour on a very large scale. We’re gonna scale this bitch to the maximum next week.

In exactly 3 days hence, the market, especially the NASDAQUERIES, will be measurably higher.

Two things of note.

1. Tune into to a free demonstration at 4:30 at After Hours with Option Addict, where Raul will explain the glory of Exodus.

2. Remember to visit tomorrow, where I will delve into a testosterone laden movie, one of my recent favorites.

I am a firm believer in the hacking game. As such, I bought back shares of QLYS.

This tape is reminiscent of the tape that nearly destroyed me last year. There is a divergence between risk assets and non-risk. Hospital stocks are up, while biotech decidedly lower. Utilities are strong, while tech is getting hammered.

Oil, solar, chinese burritos: all in the gutter.

See to your affairs lads. The market might want to correct (extra Delbert Grady) some of you fuckers out there in search of bounty.

Until I see a reason to jump, XLU will remain my largest holding. Depending on how today’s tape develops will determine whether or not I take quick losses on some of my latest positions.

Ten thousand apologies to the gentlemen in the orchestra seating area for these seemingly endless barrages of wanton salesmanship. After all, iBankCoin is a business and I must tend to it, every so often.

I appeal to you this evening to inform you that tomorrow will be the last day to behold the grandeur of Exodus throughout a live trading day, before trials end this Sunday night. If you haven’t partaken, I insist that you partake.

Email me for credentials: [email protected]

Good night.

NOTE: Tomorrow Raul will be doing a live demo for Exodus inside of After Hours with Option Addict. It will be open to all to view.

It’s entirely possible the world will end tomorrow. Also, I thought it might make for a fine Friday afternoon to see your faces beading with sweat due to largess paper losses.

I’ve taken a very large position in XLU and have seen it go lower by 3% since I bought it.

A lesser man would toss himself into a lit fireplace, doused with gasoline, because of these losses. “The Fly” simply brushes them off, like a mosquito attempting to land on my dinner plate.

I will have you know, yields will go lower again. You can bank on it. When they do, you’re all going to be sucking my knee-caps, praising my foresight into the dark and evil lands of utilities.

For the day, I shed 0.24%, like a pedestrian, sewer pipe style.