A great degenerate man once said “the fucking charts are lying to me.”
The market is knifing lower and MF Global is “Corzine’d.” Is that a reason to panic? No. However, the market is up about 15% over the past month. Based upon the laws of reason, we should pullback 3-5%. But I am not counting on that shit to happen. Just like the ruins at Puma Punku, logic does not exist on Wall Street.
For the day, I am down 0.25%, thanks to gains in my VXX, short EXH, long RENN, long BORN etc. My silver stocks are getting hammered. But all of that is likely a temporary phenomenon. Remember, I fucking hate stocks and would love to see them dismembered.
At any rate, I would not buy stocks here. Italian yields are north of 6.1%. I cannot justify buying stocks with meatballs under pressure.
If you enjoy the content at iBankCoin, please follow us on Twitter
You think MF Global is going to be the only one? LOL!! We’re going to a bull fight and I’m the ball less matador!!!!!!!!!
Short the ‘vampire squid’ into oblivion ?
No worries. We’ll just print ourselves to prosperity.
Meat balls under pressure– very nice.
Gowd…Im like a deer staring into a headlight.
Is today a great entry point? or starting a leg down?
Credit market is still not confirming this rally…
Anybody buying stocks here? I want to jump in on US Steel, but EUR/USD pretty much gave out all their gains on Thursday. We are a 1.392 from a high of 1.42.
EURUSD may bounce at 1.3875ish, if not there, look to 1.3780ish.
Are the rumors true about Trading Nymph and Playboy?
what you smokin willis