Zynga is going public. The ticker symbol will be ZNGA. If you can’t get the ipo, buy GSVC. I don’t understand why there isn’t more hype around GSVC, as it is the only way to indirectly invest in Zynga, Facebook, Twitter and Chegg, amongst others. It is the CMGI of this generation.
Retail sales came in well above expectations, sending futures through the roof. On this news, ahead of the weekend of European debt negotiations, we are off to the races. It doesn’t matter what I think or feel. The animal spirits of the market will take over and offer death blows to those leaning short.
Into strength, I will be unwinding my positions, slowly but surely. I will most likely keep all of my WNR, which represents 15% of my assets. 321 crack spreads are north of $34 and end user demand is robust. Apparently, the economy if off to the fucking races again. That shit we just experienced in August was a mere blip in the grande scheme of things, a liquidation party of sorts for Mr. John Paulson.
Global growth is back, much to my surprise. Today’s retail sales numbers were so surprising, it literally stopped me in the midst of punching someone’s mustache off. Truly groundbreaking stuff.