Thanks to crazy people, some of the beaten up financials are bouncing today, led by spikes in [[ABK]], [[RDN]] and [[NCC]].
With the current strength in the financials, “The Fly” will sell them short again, via [[SKF]].
The only real/non-bullshit moves can be found in the refiners, specifically [[TSO]], [[VLO]], [[DK]] and [[ALJ]]. Additionally, wheat prices are at new highs, as inflation infects the economy like retards on a yahoo message board.
Basically, I’m bearish on the markets. There are too many negative headwinds to deal with, mainly thanks to the inaction by the Fed.
Many of you, from the non-luxury of your bullshit pleather chairs, will cite inflation data and use it as an argument to destroy the world. That’s fine. However, I am far more fearful of deflationary forces, which if left alone can leave 2/3rd of you retards without adequate food supplies (“The Fly” likes to exaggerate on Monday afternoons).
In short, I am not selling my [[FXP]] position. I will be buying more SKF, while selling down more of my long positions.
If my time machine is somewhat accurate, the market is going to get its whig pushed back, during the first few weeks of the New Year.If you enjoy the content at iBankCoin, please follow us on Twitter