YOU’RE PERMASTUPID

Critiques of GRPN will say “it’s a stupid company, bloated, and it’s going to zero.”

Pardon me, Sir, would you rather pay full price? Isn’t GRPN in the sweet spot of the new American economy, where vagrants clip digital coupons to save money? The pessimism in the social media space is un-fucking-believable. Before you chime in, understand that the stock price action has nothing to do with the underlying businesses. Last I checked, YELP, GRPN, P, Z, TRIP, ZNGA, JIVE, LNKD, ANGI and AWAY all beat expectations. Now the market decided, in its infinite wisdom, that all publicly traded companies related to the internet MUST go bankrupt. Fine. After all, the dot com bubble happened; therefore, it must happen again.

Do you realize how fucking stupid you sound? So let me get this straight: these companies thrived for years in the private markets; but since going public, the stories have materially changed and they are ALL going to zero. On top of that, Facebook is the new Myspace, even though Myspace at its peak was 1/100th as big as FB, if that.

Fuck you people. Fuck you hard and with sand.

I don’t like you and I will never like you. I might be taking daggers in the face long YELP; but at least I went down in something I adamantly believed in. If I blamed the horrendously criminal Facecrook offering for sapping the life out of the social media space, you might say “they were going down anyway.”

Fuck you in the wind, snow and with rocks.

My cost on YELP is around $22. If I make up some of my losses, now down 2.5% year to date, I will add to YELP down at these levels. It can go to $12, maybe even $9. Or, it can bottom here and go straight to $22. Investing is not only a mystery, but an enigma. The poetry of prices swashbuckles between bull and bear, washing fucktards away to oblivion. It happens all the time. I made a great error by letting a big gain turn into a break even. I made an even greater mistake by letting break even transform into a small loss.

Lastly, I made a mountainous error by letting a small loss become my albatross.

Despite all that, whether you like it or not, these fucking companies, ON THE HAIR OF HERCULES, as hated as they are right now, are in the process of bottoming. They will be here longer than you and will make people rich one day; you’re just too glib and permanently stupid to know it.

Today Netflix aka “blood bag” announced they are getting into the CDN business, competing with the likes of AKAM and LLNW. On the surface, it makes sense because NFLX is one of the main users of bandwidth on the internet, yet the stock is lower.

Odd no?

Didn’t NFLX just do a fucking PIPE offering, raising money in a desperate attempt at staying in business? The CDN business is very capital intensive. I feel this investment can and will bankrupt the company, eventually, as they are not paying attention to the vampire behind them.

When it comes to content, no one beats iTunes. It’s only a matter of time before Apple buries NFLX for good, just like they buried RIMM, NOK, Sony etc. Eventually, Apple will bury Samsung too, when they release their Apple tv. After the tv is launched, app developers will make REAL games for it, effectively impaling the fucking X-box and Playstation.

We live in a world filled with vampires. Nothing is created, just transferred. The money in Spanish and Italian banks aren’t vanishing. On the contrary, they are being sucked into the vaults of Germany, Japan and the United States.

It’s never a high probability trade to bet against vampires; they have big teeth and move quickly with super-human abilities. Goldman Sachs, love them or hate them, has successfully been sucking the life out of their competitors for decades. Sure, the stock is down and morale is low. But they will come back, just like Apple and the United Steaks of America.

Other vampires include WMT, COST, XOM and GOOG. Am I forgetting any?

Why the fuck am I long? The bond market isn’t just speaking soft tales of deflation, but mentally ill charging systemic failure. I look at everything on paper and find zero reasons to own stocks, except for one simple thing: the Federal Reserve.

Is this the moment in history when the Fed decides to give up? All of the trillions invested in seeing this economy stay above water will be for nothing if they do not act now. More than that, the Europeans threaten themselves with irreversible depression, which will lead to violent revolutions in their filthy streets.

Am I exaggerating?

Maybe just a bit. But the idea of doing nothing as rates shrink to nothing is not only suicidal, it is MADNESS (I am not sure if suicidal is better than madness, but it sounded okay).

In other words, I am being treated as “The Gimp”, who is trotted out to buy stocks whenever things look really fucked up. My master, the Fed, has trained me to believe in its magical powers. Hell, back in 2010 I bet against Le Fed and was taught a lesson through fire to the tune of a $5 million loss in VXX tits.

What is going to be your VXX tits? Perhaps you will be caught short some homosexual social media play when the Fed punches you in the cock? Or, maybe the Fed will do nothing and just watch this shit unravel, whilst listening to gangster rap music?

Either way, I am sick of this shit and want out.

In related news, The PPT flagged Overbought for TZA yesterday, the first signal in a while. Generally, an OB signal in TZA is met with unrelenting selling, which means the market goes up. Average loss for a 7 day hold period is -17%.

Happy fucking trading.

http://www.youtube.com/watch?v=KWlu8VhcqtM

A clown can throw darts at a pile of trash, littered with ticker symbols, and make money when the market bounces. When it does bounce, there will be 20-30% winners inside of a few short days. The plan will be to lick my fucking wounds and retire from this idiot business and take my money to build “Social Media Prisons”, where I will lobby for the arrest and detainment of fraudulent social media executives.

Also, I will rebuild my time machine and start using my fucking space orbital cannon with extreme belligerency.

My stocks are positioned, as hilarious as it sounds, for a Chinese stimulus package. At my funeral, I expect all of you to throw “Chinese burritos” at my coffin– that will be shaped after a fucking pineapple.

Look, I own silver, social media, tech, old man stocks etc. I own all of that shit. I own it all. I am in the soup, cooking myself, pouring broth over my head. There is no need to plan for anything. I will sell my stocks when they go higher. I will visit the television channels and proclaim “this is a generational buy of a lifetime” then get liquid on my viewers. I will partake in all sorts of debauchery, when I am on the teevee. You won’t know it’s Le Fly. I will be represented under an alias, under the most ridiculous pretenses ever, with the explicit purpose to drop CNBC into a media murderhole.

Let’s get the Twitter ipo thing going already. I can’t think of any reasons why they’d delay such an offering, after “The Facebook fervor.” In anticipation of such greatness, we may want to “play the Twitter” by owning some GSVC again. You know, get in before the bozos get it at ipo. The private equity pirates will make sure Twitter ipos through Margin Stanley at a gilded era valuation.

The black flag of unmerciful aggressive offensive tactics is ready to impale those fucking bears in my way. The news flow is very predictable, very doomful and scornful. We all know it’s going to shit (no toilet bowl), so it makes sense to ride these fucking horses until they are dead or until they stomp out the faces of our enemies.

http://www.youtube.com/watch?v=5Sn6u5YPfZA

iBankCoin has become both a funeral home and cemetery, mixed in with a little mortuary. I am here to remind you of your imminent death. Do not “get hooked” into believing the depression is over, for it has only yet to begin (no Samsonite).

Many of my holdings reversed and traded higher, which is very nice for health and well being. But I am not optimistic. Don’t worry about “The Fly” capitulating, for it can never happen, scientifically. I’ve made my bed, as wretched as it is, and now lie in it.

Everything you thought you knew about The Facebook was a lie. Apparently, it’s a giant fraud, a reverse QE of sorts, flung upon us by geeked out asshats with insidious intentions. My new target for the S&P 500 is 1,200, then zero. Take a “barbell” approach by investing in formaldehyde and Egan Jones, short of everything else.

All of the professional money managers, who are not naive, are short equities here. It’s very obvious and terribly bountiful. The rest of us are simply being used as tinder for the financial fires. At one point in my life, I stood atop mountains and urinated on the heads of people like Egan Jones. Now I am being kicked in the head, repeatedly, by his ilk.

In closing, let’s all focus on the crisis and take in the aromas of execution. Surprisingly enough, GRPN is going straight to zero. Didn’t you know the market for Groupons are idiotic and indeud stupid in a post apocalyptic world?

Everything is going to get worse. We will all be buried alive shortly.

I think it’s fair to say we’re all fucked.

I don’t have anything good to say and I don’t have anything to boast about. I find myself, oddly enough, speechless, in what can only be described as decapitated. This is a good hard lesson for me, something I might talk about until the day I die, or not. One thing is for certain, I’ve gone too far than to see my resolve shrink now.

I will pray to all of the Gods, both old and new, in order to make my stocks go higher. I will smoke some hopium and base investment decisions upon the eyes of sacrificed goats.

There is no form of compensation worth the angst I receive from doing this disgusting job. I’d be better off shoveling shit in Louisiana than buying and selling stocks like a carnivale monkey.

The boogieman is still there, under the bed, waiting to snatch the market’s feet.

Futures reversed off -13 to now +4, which is great. Italian and Spanish yields are dropping and the CAC is up almost 1%. Everything seems to be going well, except for the fact that NOTHING has changed, structurally. I hope to the heavens, and all that is dark and sinister, that I too can enjoy a respite this morning. Instead of having my face devoured by a “Miami Zombie”, I’d like to look at my trading platform without horror, reticent to do anything but wallow in profits.

Instead, I’m afraid my destiny is one of rocks, iron, ash and smoke.

Japanese markets are at 28 year lows, down 9 weeks in a row. The fucking Heng Seng is trading 6x earnings and our markets are for shit.

On paper, we should rally today, especially since futures reversed higher and France is up; but we won’t. As soon as this fucker opens, all of the assholes will start selling again, turning my smile upside down.

In the event that we do rally, a fucking miracle of sorts, I like NXPI, CLF and TEX. AG is one of my larger positions and feel it will begin to benefit from gold/silvers resurgence as safe haven. I’d like to say “YELP is homosexually cheap”; but how can I when the stock sucks dick? The social media craze is over, unfortunately. But YELP should not be tethered to Facebook, since it can be acquired and deserves a premium.

Bottom line: there are too many weak hands out there and without news flow to cut the sacks off the bears, I’m afraid this market is nothing more than a giant fucking sinkhole, where money goes to die.

http://www.youtube.com/watch?v=CmSqxNrX6aE

Supporters of Germany’s moral high ground say “why should the hard working, industrious, Germans pay for the sloth of its neighbors?”

Is it really that simple?

When the euro was created, the architects encouraged European institutions to buy the sovereign debt of all members countries, including Greece, Italy, Spain Ireland etc. The Germans knew they’d benefit because the euro would ensure that no one could undercut them via currency devaluation. They had successfully stripped Europe of its independence and locked members–and the institutions who bought sovereign debt– into a currency prison.

Aside from Greece, there aren’t any cash calls in Spain and Italy. The panic is spreading, forcing yields up, and giving the perception that everything is about to unravel. Confidence is everything. As money flees troubled states, it swarms into German banks, pushing their borrowing rates to record lows.

It’s quite nice to be a German today, no?

On top of that, the Germans refuse to monetize troubled states debt, instead forcing them into austerity. The result is a downward spiraling economy for the austerity stricken, crippled by an overvalued currency and inability to provide stimulus for their beleaguered economies. Is this simply a case of Germany taking the moral high ground, drawing a line in the sand in an effort to protect their tax payers?

Fuck no.

The Germans know what they are doing and it has nothing to do with taking the moral high ground. They are creating this crisis in order to maintain German manufacturing superiority and to finance their own mountains of debt at extraordinarily low interest rates.

How can you have a common currency with 16 other nations and fail to guarantee their debts? Is it preferable to see the entire Eurozone collapse, eliminating the idea of credit and prosperity, just so Merkel and co. and say “we took the moral high ground?”

THEY SHOULD HAVE THOUGHT ABOUT THIS SHIT BEFORE THEY ENTERED THE EURO!!!

If the euro collapses, forget about stocks even trading. How could they, if they won’t have a currency to denominate into? Markets will crash, then close. Eurozone GDP will fall by at least 25%, taking Asia and America with it. Unemployment will soar and Germany will be able to borrow money for free.

Those fuckers may finally get to win a world war.

Congrats.

Members of The PPT know it has been locked in OVERBOUGHT mode since December of 2011, meaning it missed out on the early year run up. We have a system in place that buys TZA/TNA with spectacular 3 year results. There were three purchases of TZA in early 2012 that were very much underwater for a long time. However, thanks to the recent dip, those purchases may prove to be eventful or at a minimum hardly damaging to the system’s track record.

I will not reveal what the Overall Hybrid is flagging, out of respect for paying members of this elite club. However, I will tell you breadth is incredibly low and certain ETFs are being flagged OS, alongside a wide array of equities.

Here is the data on DIG.

My heart wants the market to bounce on Monday; but my brain says we will flush out a little more before a respite is delivered. Either way, we’re closer now to being legitimately OVERSOLD than at anytime since late 2011.

[youtube:http://www.youtube.com/watch?v=af0dSZXGK9Q 603 500]