You’d be glad to know Mrs. Fly has upped the ante and is now spending at a $2k per day clip, on gratuities, things of that nature. I’ve been put back in touch with my old partner. Any of you fucktards remember Broker B? I can’t remember the reason why we stopped talking to each other. It’s been such a long time–the details are foggy to me. However, I’m glad to see he is doing well.

One subject that isn’t broached on this site is failure. I like to keep the ball rolling and work towards progress. However, being the generous person that I am in the “year of generosity”, I am willing to hear about your trials and tribulations, if only for a brief period of time. Believe me when I tell you, I’ve crawled from the depths of hell, burned by the fires of failure, before I got to a comfortable space. The business of money management is an arduous one. Most try and fail.

I’ve been sitting here thinking about the market and how amazing it is to see it at new highs, despite a struggling economy. The economy has a distinct feeling of sloth, stuck in the amber of a post-apocalypic failure that wasn’t allowed to die, that now lives as a faux bull market buoyed only and explicitly by counterfeit money.

The Federal Reserve has your back, gentlemen. Don’t you ever fucking forget that.

Nevertheless, only miscreants and arch fiends go all in on anything. You’re not Andrew Carnegie you fucking moron. Take it easy, limit your position sizes to 20% and live to fight another day.

The very best of the market is in front of us. Before you know it, the Turkey Gods will present themselves to us, splendidly pecking away at the competition because they are bears. After that is “The Santa Claus Rally”, an experience designed to offer full joy and bliss to any smart investor. For fucks sake, 2012 is going to end with guns blazing–putting immense amounts of coin into our already deep pockets.

Don’t blow it by doing anything stupid.