Keep An Eye on LEH

That piss o’ shit is getting flushed and the market is ignoring it. Actually, the market is acting like a scared kid, putting his hands over his eyes, in order to avoid seeing the horror.

I have no position in [[LEH]]. However, if I had to bet, I’d say that fucker is going out of business.

And, many of the other brokers are “doing the Lehman,’ via diving daily. From [[SUSQ]] to [[MER]], they all blow.

I see some of you think your bullshit Honda Accord is in fact a time machine, via selling short my [[RIG]]. Go ahead, have a ball. Just know, betting against “The Fly” is illegal in 32 states and punishable by lethal injection or electric chair.

Gold looks sweet here. [[DGP]] gets it done.

And, Finally, [[JEC]] is rallying today off of SGR‘s numbers. To hell with both of them. I want to sell JEC right here, right now.

Top pick: short [[CAT]], short JEC

NOTE: Aside from LEH, keep an eye on [[FNM]], [[FRE]], [[FCSX]], [[NLY]], [[CMO]], [[MFA]] and [[MTG]] too. No way the market can hold up with all this shit floating around.

Jim “Asshole with a Bow Tie” Rogers’ new home country, Singapore, just caught a fastball to the mustache.

So much for the ‘global growth story’

Singapore’s real gross domestic product rose by an estimated 1.9 percent on year in the second quarter of 2008, the Ministry of Trade and Industry said on Thursday.

That was well below analyst expectations of a 5.1 percent annual increase, and it was also down from the 6.9 percent annual expansion in the previous quarter.

On a quarterly and seasonally adjusted basis, real GDP was down 6.6 percent after an increase of 15.6 percent in the previous quarter.

[youtube:http://www.youtube.com/watch?v=rm2UVwnBofA 450 300]

Put your fucking monkey’s away and sell something short.

The banks are being killed, again.

I like:

short [[EWBC]], short [[CSE]], short [[PACW]], short [[VLY]], short [[ONB]], short [[CAT]], short [[JEC]], short [[TEX]], short [[WFSL]], short [[LFC]], short [[CHL]] and short [[VMC]].

Long [[RIG]], long [[REW]], long [[TWM]], long [[FXP]], long [[SMN]], long [[PCZ]] and long [[FTK]].

However, it’s worth noting, I am very busy at the moment and will not have the time, nor the fervor, to execute any trades. Plus, I don’t need to.

Closing Comments:

I can’t believe that I missed out on the epic collapses of hotel/casino stocks. Names like [[WYNN]], [[OEH]], [[MGM]], [[MPEL]], [[BYD]] and even [[TRMP]] have been bastions of joy and solace for the bears.

I mean, not shorting TRMP is the pinnacle of having ones head in the sand.

Sometimes I just block shit out. I don’t even pay attention to some sectors, because I’m too focused on another. I never look at airlines and rarely punch up auto stocks. For the most part, I move from one project to the next. For months, I have been killing it on the banks. Now, I am geared towards betting against ‘global growth.’

In all honesty, as opposed to outright fibbing, the hotel stocks still blow. I bet they get castrated, again.

If you’re long this market, the life just got sucked out from your skull—with the markets down more than 200. You were over there thinking: “hey man, these wicked banks look totally gnarly”; until some asshole knocked down your door and broke your nose with a frozen can of Monster Energy Soda.

Speaking of which, [[HANS]] is dead. I am floored by the gay trading habits of that name. Luckily for me, I don’t like equities and have no position.

On the day, “The Fly” aka Senor Tropicana aka Plutonium Petey was up 1.9%, pushing his year to date gains to nearly 60%.

Off to eat a few rib eyes.

Thanks to the fucking asshats on CNBC, I am fully aware that the indices, excluding the S&P, are now in ‘bear market territory.’

What shall I do now?

Developing…

Hey kid, you made it big. From this day on, you can tell your kids: “one day I was the headline story for Fly’s website.”

Go ahead people, bet against oil, see where it gets you. As a matter of fact, go buy some “oil down” bullshit, via [[DOY]]. I guess the assholes who created DCR were so pleased with it “zeroing out,” they decided to build another one. Genius!

What the fuck is wrong with those assholes, making ETF’s that go to zero?

Look, I threw out my economics 101 book a long time ago. If you are going to live a life of luxury, off of egregious stock market gains, you cannot think rationally. Shit is backwards, turned inside out. By the time you figure it out, it self destructs—blowing your arms, legs and balls off.

At this juncture, only assholes bet against crude. They are the same people who are buying bank stocks on the dip and are avid CNBC fans. Some of them even have posters of Bob Pisani, walking the NYSE, on their bedroom walls.

If you insist on betting against oil, do it with style. Go with the ETF (DOY) that can send your bullshit account to zero, effectively leaving you broke, penniless and plain ol’ vanilla gay.

I bought 500 [[RIG]] @ $147.65, 2,000 [[FXP]] @ $81.90 and 2,000 [[REW]] @ $66.50.

Disclaimer: If you buy the above stocks because of this post, people will suspect you are a heroin addict. And, you may lose money.

I sold short 2,000 [[MXB]] @ $32.25.

Disclaimer: If you sell short MXB because of this post, the next time you hire a contractor to do work on your house, he will not finish the job. And, you may lose money.

I am one step ahead of Mother Market and her bitchy ways. Always.

Do you see what’s going on with [[CLF]] today? Had I not covered that fucker yesterday, I would have torn my office apart, from rugs to mugs. Instead, I get to sit here and chuckle, not laugh, at the pedestrians who are still short the name.

In other news, the banks are setting up nicely for another short sale. Many of these fuckers are extending yesterday’s gains and are begging for a beat down.

Much to my chagrin, ag related names and other stuff in the [[SMN]] are powering forward, leaving me to ponder if the devil really did make that fucking ETF.

I bought a little [[CLNE]]. Don’t ask me why.

And, I see [[RIG]] caught an upgrade. Who cares? I don’t invest in stocks for analyst upgrades/downgrades. 99% of those fuckers aren’t qualified to shine my shoes, let alone offer financial advice.

Once again, the only shorts on my books are [[MXB]], [[CAT]] and [[JEC]]. Believe me, there are many more on my watchlist. But, for now, I rather keep a large cash horde, due to my suspicions of some sort of bull run.

Finally, right here, right now, I like [[FXP]], [[PCZ]], [[FTK]] and [[REW]]. Also, shit looks fucked up at [[LEH]]. Keep an eye on the brokers.

Santa Claus can’t afford coal and shit for bad kids anymore.

UPDATE: Check out my new cell phone. “The Fly” keeps it old school.