Get Your Charts Ready

I just printed out a few charts, took out my favorite ruler; and now I am ready to chart the shit out of this market. Whenever I see the market move, I will mark it down on my charts, sort of like keeping score at a baseball game. This way, I can’t lose.

The market, in hilarious fashion, is spinning out of control, lower. There is no point in debating the awesomeness of banks any longer, when you have [[SRS]] going ape shit to the upside, reaching for the high hanging bananas.

It’s treasury time people! The government, with the courteous help of Goldman Sachs, is funneling you back into treasuries, whether you like it or not. [[TLT]] is back on its gay way higher, as all of the big balled money managers abide by the edict and flee equities, for fear of the “summer doldrums.” It’s a flight to quality, distinguished people of the interwebs; and you are cordially invited. You should all feel special.

As an aside, it appears the commercial real estate industry is going out of business again, despite being able to raise a gagillion dollars in secondary offerings. Apparently, there is no sum of money too large that can save them. It is their destiny to head back down to $00.00, so be it. As for the banks, it’s only a matter of time before the FAZ people start holding graveyard parties again. I can’t wait to attend.

Last year, I remember quite vividly, Devil Dog crashed his Dodge Viper into a mausoleum, drunk off the rum soaked donuts The Great Roubini made. It was quite a riot, burlap suits, “Death to CNBC” chants, the works!

In closing, I wish you luck in your stock market market adventures; you’re certainly gonna need it. As for me, after I get done with these kick-ass charts, I will continue throwing expensive china out of my window, at the people down below. And, in between breaks, I will buy and sell stocks.

That’s all.