Euro Rapery

The market is not fancy on seeing the Euro choke, while the Yen flourishes. There are all sorts of ominous cross currents that puts me in a box. On one hand, I have never seen The PPT spit out an OVERSOLD reading without a decent bounce transpiring shortly thereafter. On the other, this time is different.

I know it’s very cliche of me to say so. As Mrs. Fly would say “suchness is sooo overrated.”

While I do not know what the fuck that means, nor do I bother asking, it’s worth noting that there is a certain amount of genius built into statements that mean absolutely nothing. It takes a lot of skill to say nothing.

Back to the market.

I am getting RINO’d in this fucking RINO, deservedly so. What in the world am I doing buying low end chicoms, in the midst of a fucking meltdown. I deserve the losses, AND MORE. Furthermore, I am enjoying pivot kicks to the scrotum in GS, ATPG and GLDD as well. With VXX and FAZ barely up, my losses are outstripping my gains, making Le Fly a very unhappy space alien.

With credit default swaps widening across the board and the Euro diving, be very careful about taking on aggressive long only strategies. Trust me, I am much smarter than you, certified by IQ tests and have been banking coin in this market, ever since puberty.

Top picks: Short MET, long TNA

UPDATE: I sold out of my FAZ position @ $16.80. Respecting the Hybrid.