I caught some really bad luck with AKS. Those fucked faces chose to issue an earnings warning today. Had they just shut the fuck up for a day, I’d be 9% to the good right now. Instead, I am off by 9%. I can’t complain too much, after an electric week– +34.5% for the year. I saw my assets rise and rise again, all thanks to turmoil in the middle east, Obama up in the polls and the Fed doing a little QE3–unlimited version.
During lunch today, I was sitting next to some broker. I can smell a broker out from 100 yards away. He was meeting with his old fucker of a client, discussing horseshit while praising himself. Note to young punk brokers starting out in the business: don’t try so hard. Your clients are just people, not Gods. Their net worth is only a small part of who they are and when you come across as “canned” or scripted, they know you are a piker-bitch-cocksucker. I fucking hate brokers and make it my business to scowl at them whenever possible.
As I prepare to leave the office, I see the market is reversing lower. I am not concerned and this is to be expected. Look at bonds, via TLT. Absolute carnage. People are taking profits. However, the point remains, we have at least six months of unmitigated upside in this market. Position wisely and take profits along the way. But rest assured, the Fed is going to make sure asset prices rise, in order to propel GDP higher.
Top picks: ATML, PPC, DDD