What do I know, right?
Most of you guys on the twitter stream have the universe figured out, simultaneously pwning a Rubik’s Cube while banging Kelly Brook. To label me a permabull illuminates your lack of historical knowledge of my work, not to mention your overall lack of class and civility, good sir.
If entrance to “The Wine’s” tab were like a nightclub, I would have my bouncers tossing your scrawny asses so hard into the ground, that your bullshit Cavaricci jeans would split at the seams.
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As for the market, the selloff this morning was nasty. Congratulations to all of the ursine-minded traders out there who positioned for this dump out. On a very short term basis, it was an above the rim trade to go short at the close yesterday. However, for those of you with a bit longer term view (longer than a few hours, that is), I remain skeptical that today marks the start of a fresh leg down. In essence, we have retraced the entire move from last Monday, which on the S&P 500 is 1070.
As evidence, I will proffer my reliable “tell,” old $FCX. If the market were supposedly dumping out and commencing a move to new lows, one would think that Freeport would be down at least 4% on heavy volume, leading us lower. However, as you can see in the updated daily chart below, the stock is holding up very well today. Moreover, the wisdom of The PPT dictates that today should be much more of a buying opportunity than a selling one.
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The PPT is dead. Long live the PPT
Rumors of the death of The PPT have been greatly exaggerated.
Todays HorrorScope: You will lose all of your followers and get kicked out of every listed group….several times
Tomorrows another day, set your watch by it
and now for my truest Indicator….I shall order one fortune cookie….
When China starts panicking?
So will will I
Must admit though (dark DARK Humor)…Safety Nets installed outside the balcony windows (foxconn)…Must be a sight to see .
Anyone know what they were chanting at the pep rally?
If there was ever material for a cartoon…..
Ha! My followers just went up.
That first paragraph sounded more like Fly than you. Are you sure you not dead.
LOL I haven’t laughed that hard in a while, man.
long SSO and SPY september calls @ 1071 for a fast money trade. my money says we see 1080 – 1084 in short order.
Good to see you getting a little feisty.
Haters have no business riding you. You add tremendous value to the community. It takes balls to put all your trades out there for public consumption.
Keep up the great work.
Thanks, Sean.
CNW permabull? I never trusted those yayo smoking Twitter pukes. They cost my friend Angel his life.
– Tony Montana
Gracious, Senor Tony!