Goldman Tradebot3000 was especially cranky today, jerking the market around like a “homofied” poodle. I see, in the comments section, many of the bearish people, my people from 2008, are making some noise. I will communicate with you, through baseball analogies, since everyone likes baseball.
I am Ty Cobb, hitting .425, spiking people in the face for getting in my way. You are Scott Cooper. Who is Scott Cooper?
I am entitled to make errors, especially since I am batting .425, with, 230 hits, 110 runs scored and 100 stolen bases. You giving me advice is equal to Scott Cooper telling Ty Cobb how to hit a curve ball.
So, if you want to converse with “The Fly” or even offer some picks, just place your balls on your kitchen table and start speed chopping carrots, via blogging in The Peanut Gallery. Since I started iBankCoin, I have made it a point to hire people who show good investment acumen, most commonly discovered in The Peanut Gallery. If you are bearish, seriously, I do not hate you. I love a challenge and enjoy listening to compelling arguments. Do yourself a favor, vent a little in The PG. Moreover, inside of 3-4 months, I might be exclusively shorting stocks again. Who knows?
As for this market: absolutely nuts. I am a little jarred by the volatility and do not have great confidence in anything, near term. On one hand, this could be a great opportunity to get long growth stocks at a discount. On the other, the banks are looking a little dicey here, which may —eventually— lead to another leg lower. If I was going to sell short, I’d sell PacWest Bancorp [[PACW]] and get long Non-Levered ETF’s, like [[DOG]] , [[SH]] and [[EFZ]] .
In short, I smell opportunity and I am man enough to tell you: I have no idea which direction the market is heading tomorrow.
Top Picks: POSCO (ADR) [[PKX]] , Equinix, Inc. [[EQIX]] , TEKELEC [[TKLC]] , Ctrip.com International, Ltd. (ADR) [[CTRP]]
NOTE: The Reformed Broker (no idea what that means) made something clever, for science/blog nerds only.