C R U S H E D

I must admit, I did not see that coming. What was that, 300 points down in 15 minutes? People are just getting banged out, via egregious margin clerks.

Maybe the world is ending after all?

Brutal.

I ended up losing some coin in [[UYG]] , but did alright in The Mosaic Company [[MOS]] , [[DIG]] , National-Oilwell Varco, Inc. [[NOV]] and Apple Inc. [[AAPL]] .

The only thing left to do is chase the rabbit down the hole, if needed.

Thank God for ample cash supplies.

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I made my bed; but I will not lay in it. I’ll just stand around it and admire its perfect symmetry.

I have zero interest in the moonstruck intra-day fluctuations of the market. I am not a day trader; but it’s worth noting, I could do it if I wanted.

Again, the world is ending, until it doesn’t. You can fuck around with short sales, amidst epic valuations, or you can man up and think clearly.

Don’t believe for one second we are going lower. Tell those naysayers “Dear Sir, fuck you and your Mother.” If you close your eyes real tight, all of  your wishes will come true, sort of like fairy tales with dragons and magic dust and shit.

“The Fly” is leaving, victorious once again.

In my truancy, be sure to be cordial to one another and NEVER click on my ads. I could get in trouble for that.

TED spreads easing. The Fed and Co. are on the ball. Fear for God and Country is rampant in the American psyche.

This is perfect.

Originally, I was going to get all flaky on you pikers and go small. I changed my mind.

I am buying buckets of The Mosaic Company [[MOS]] , [[DIG]] , National-Oilwell Varco, Inc. [[NOV]] , [[UYG]] and Apple Inc. [[AAPL]] .

However, I will not put both balls on the line today, just one.

I will keep my cash position at 30%, until I run across more celestial buys.

I bought 20,000 The Mosaic Company [[MOS]] @ $35.13.

Disclaimer: If you buy MOS because of this post, your dog will bite your balls clean off. And, you may lose money.

While it’s true, markets usually bottom after such severe beat downs; oddly enough, it’s not happening.

Energy stocks are getting mauled to death, as if their lines of credit have been cut off.

Hmmm.

The credit default swap market is 64 trillion big, larger than all the worlds economies combined, yet it remains entirely unregulated. That makes no sense. And, to make matters worse, only 10% of swap owners actually own the underlying notes.

Some economists say it’s all air. One big disaster waiting to happen.

Did you know a version of cds’s were banned back in 1909, due to the market makers inability to prove it wasn’t gaming?

Look, all I can tell you is the market is setting up for a “classic bottom,” during “non-classic times.”

Just know, I have put my buys on a scale, considering the knifing action. For National-Oilwell Varco, Inc. [[NOV]] , I will buy a certain amount every 3 points. For [[UYG]] , I will buy a certain amount every point.

Finally, I am shocked to see Bank of America Corporation [[BAC]] back down to these levels. Those idiots made a mammoth mistake by waiting to raise capital. The the stock was in the high 30’s, last week.

To sum things up, until this storm passes, I will hold a 50% cash position, 4% gold [[DGP]] , and begin to allocate the rest into egregious longs. I cannot justify selling short down at these levels.

These are trying times and “The Fly” is here to pawn them.

UPDATE: TED spreads have reversed and are easing here. Get long something, you pussies.

Despite the grim prospects for the world, in general. The fuckery in the stock market must come to an end now. After an ass kicking for the ages, followed by wild jargon of apocalypse, it’s time to asshole dip our way back into the arms of Mother Market.

However, do it small and don’t get all nervous and shit.

For example: if you’re rolling with 100k, buy 1,000 [[UYG]] and 500 National-Oilwell Varco, Inc. [[NOV]] , or some other commodity stock, then walk away.

With my money, I am up so fantastically huge, I can afford to take insane stabs; but I won’t. This time, towards the end of the year, I want my gains to stick. Hence, I will be trading light, until some celestial trade comes my way.

Look you, we all know the economy sucks. Moreover, the stock market will eventually touch down on 8,000 Dow. But, we are way oversold here.

Actually, there are no models, aside from the Armageddon one, that supports being short here.

Do yourself a favor and call a bottom. You’ll feel better about yourself in the morning.

“The Fly” has retired.

I sold the remainder of my [[SRS]] , [[EEV]] and [[SKF]] and went to cash.

As an aside, I do not think the market will crash; it just sucks.

I may take a little coin and buy some stocks. Or, I may play handball inside my office.

Developing….

UPDATE: I couldn’t help myself. I bought 10,000 National-Oilwell Varco, Inc. [[NOV]] @ $32.

UPDATE II: Okay, this looks like a classic bottom. But you never know. I bought 100,000 [[UYG]] @ $11.85 and 10,000 [[NOV]] @$32.10.

UPDATE III: I bought 20,000 [[NOV]] @ $29.25.

I am done for the day.

Notice how all of you smores eating flower fuckers were looking to fish for bottom yesterday, only to catch a sharp ax to the neck today? Way too many rookies are long equities here, hoping and praying for the Fed or the Treasury to buy them a new polo sweater.

You fucking pikers need to stop thinking so small. And, you little bullshit penny stock whores need to get off iBankCoin. Just make believe iBC is a crime riddled ghetto and you are some cornball with expensive gold chains on your neck. If that made any sense to you, then you know where I stand.

Going forward, expect to see insurers get racked, particularly The Allstate Corporation [[ALL]] , MetLife, Inc. [[MET]] , Hartford Financial Services [[HIG]] and Prudential Financial, Inc. [[PRU]] .

Finally, my cash position is immense. Frankly, it’s more than 75% of my assets under management. First thing tomorrow morning, I will blow out of the rest of my [[SRS]] , [[SKF]] and [[EEV]] , then prepare to go long.

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