A Marvelous Marvel

Rolling into today’s trade, the entirety of my personal account was long just one stock, leveraged at 150%. Additionally, for managed accounts, one stock made up 20% of my holdings.

Ladies and Gentlemen,

I win even when losing. Like the inexplicable nonsense taking place at Puma Punku, “The Fly” finds himself practically unscathed by today’s carnage, long boatloads of OPEN, much to your chagrin. Naturally, your initial reaction will be one of denial, classic third class behavior. However, I insist that you respect the banner by which I am represented. You do not need to like me, just respect the hammer, for it is stained with the brains of my mortal enemies.

For managed accounts, I was down less than 1.25%, thanks to the fucking homos at APC.

My sense, we trade up soon. On the eyes of Jupiter, the bulls shall have their revenge soon and it will be served in a very vengeful manner.

Indeud.

Commodity related stocks are leading to the downside here, as investors trample over each other for the exits. The dollar (UUP) and treasuries (TLT) are both up 0.9% and 1.4%, respectively. People are interested in deflationary trades, yet again. Hence, the old “Hugh Hendry trade” is back on.

The biggest laggards amongst large cap stocks are ARMH (-9%), CLF (-6.5%), NTAP (-6.5%), NVDA (-6%), SLW (-6%), NOV (-6%), ASML (-5.7%) and BTU (-5.5%)

Elevator down.

I added to my OPEN position, as if this market was up.

Data provided by The PPT:

(stock, % of float sold short, daily % change)

1 NFLX 36.3 5.18
2 CLWR 30.2 4.83
3 YOKU 36.39 4.38
4 UAL 28.5 2.79
5 AMRN 25.86 2.54
6 SYNA 38.9 2.13
7 SODA 34.3 1.63
8 CBEH 31.4 1.62
9 OPEN 39.4 0.95
10 CADX 81 0.92
11 CSTR 41.1 0.91
12 CHBT 26.2 0.74
13 ARNA 35.7 0.67
14 RJET 26.4 0.65
15 PATH 286.2 0.52
16 AHD 48.6 0.34
17 RBCN 88.7 0.32
18 MNKD 28.3 0.26
19 BKS 40.3 0.08
20 DSW 27.4 0.05
21 PPD 56.3 0.03

Despite all of the talk of the U.S. dollar dying, it was up last year and barely down this year, off by just 2.3%. The weakest currency, at least in the developed world, is the New Zealand dollar, off by almost 5%.  On the other hand, commodity and vodka rich Russia has seen its retarded Ruble appreciate by more than 8% this year. And, the Swedish Krona and the Euro have gained 5% and 4.5%, respectively.

Now, if we’re talking about a 3 year time frame or longer, the dollar is one of the dumbest places to keep money ever, save The First Bank of Tulip.

I swear, we get a little baby sell off and you fuckers are ready to jump out of the window. Who gives a shit? We have plenty of money here, right? And for those of you who do not have lots of money, please do not comment. You’re like third tier, bottom shelf. Go out there you lazy bastards and make something out of yourself, THEN and only then, come back to iBC.

As unbelievable as it may seem, I stepped into today 150% leveraged in my personal account. Now that’s down from 275%. I’ve been selling. Luck for me, so far, the entirety of my account is long OPEN.

HENCE THE TERM, ASSHOLES-

“The Fly Wins all the time, even when he appears to be losing badly.”

Separate from that, managed accounts are trading down, naturally, thanks to declines in APC, BZ, PSUN, MAS, FLWS and BORN. However, I am long lots of ARO and OPEN, so my losses could be worse. The important aspect about this sell off is that it’s bullshit. It will be short lived and before you know it, we’re all laughing and doing long lines of blow off gasoline pump handles again. For the record, I do not endorse drug usage and find it reprehensible.

Always remember, “The Fly” is a gentleman of the third degree. You are probably too infantile to understand what that means. However, I’d be remiss if I didn’t remind you, nonetheless.

Stocks that are bucking the trend, going higher in an awful tape, are:

GMCR +27%

HGSI +9.5%

FCEL +8%

SBUX +7.5%

IRM +6%

BIOD +5%

HRB +5%

DAL +5%

It’s worth noting, airlines are doing exceptionally well today, as oil declines, with gain in UAL, AMR, DAL and LCC

I took out the trash. Done with them.

The commodity itself is undergoing a rather tepid pullback, with gold off a little more than 1% and silver 3%. However, the hot money is running for the exits in the equities. A great man once said “stocks take the stairs up and a lunatic elevator down.”

Data provided via The PPT:

AG Silver -11.46
GPL Silver -10
EXK Silver -7.7
SVM Silver -7.53
SSRI Silver -6.31
SIL Silver -5.75
SLW Silver -5.69

KBX Gold -10.56
VGZ Gold -7.99
CGR Gold -7.59
NAK Gold -7.51
UXG Gold -7.34
NG Gold -7.19
NSU Gold -5.98

Just in case you were pondering where to put your money the next time the market craters, take a look at today’s melt up in some of America’s finest weapons of financial destruction.

TVIX +9.7%
ERY +8.07%
SOXS +7.4%
EDZ +7.29%
ZSL +6.71%
TZA +6.16%
DUG +5.49%
EEV +4.89%
SMN +4.85%
VXX +4.59%
SPXU+4.58%
BGZ +4.5%
FAZ +4.38%
TWM+4.11%