An October Surprise
You are not permitted to discuss politics anymore. Instead, we all get to “enjoy” the carnage of a classical ‘October Surprise’, whereby stocks get destroyed because they can. We’re set to drop by 150 this morning, following the fucked up pinless hand grenade action in Europe. Without a doubt, I stand to lose a spectacular amount of money this morning.
Also without doubt, this is a buyable dip. The market is simply following seasonal patterns. This market drought ends with the Turkey Gods splashing apple cider in the faces of the bears. If you have to stem the tide by selling, so be it. But have faith in knowing “The Turkey Gods” are coming and their powers are very real.
No one bets against stocks going into Turkey day. That’s madness.
Dips can be bought in basic resources. However, I am very worried about riding tech/retail into earnings season. As a matter of fact, just avoid earnings all together. It’s OTB guy gambling. Fuck that.
http://www.youtube.com/watch?v=DCAV6tonYh0
15 Responses to An October Surprise
The good news is I won $25 on the Bears game.
Reply
You didn’t earn that!
Reply
Yeah, that $25 was already there, fucker.
Reply
that ‘hammer’ bottom formation yesterday, from all the candlestick maker chartists, is gonna get shoved right up their arses today
thats why there are no chartists as the richest people in the world
so it goes..i want my 10% flash crash…today is as good a day as any
Reply
So will you hold DECK with earnings in a few days Fly?
Reply
I want you to sell it.
Reply
FFIV … comment?
Reply
SMH etf was a gift on the gap this AM.
Got some INTC,FB to flip later as day trades.
And ty for banning political talk.
I refuse to comment.
Everything is down, except VHC.
I am very busy now studying life under MORMON RULE.
Women beware!!!
Reply
Don’t forget to check out the part about magic underwear (so I hear).
I don’t believe Fruit of the Loom has them.
Don’t think multiple spouses is a good idea (you need an even bigger house) unless you go to Legal Zoom and get some pre nups and even then….
Funny a month ago every GOPer I know told me the polls are all skewed by the liberal media in favor of Obama. Yet those same people have been telling me all week how Romney is now tied in the polls!
Exactly why I hate politics.
Selection bias, baby. We see/hear what we want, and we are all guilty of it…except for me. And thank you Bullish, I *do* look fantastic in this suit.
Reply
That is great looking suit Willie. Fits you well.
Reply
the media ‘creates’ an atmosphere so people read/watch their ‘news’
look at cnbc and count how many times they use the words ‘BIG’, ‘HUGE’, ‘MASSIVE’, ‘GAMECHANGING’ etc…its disgusting
seriously, count how many times they do it in any given week..you’ll be shocked
Reply
If we are lucky enough to drop the Dow 300 pts today, the CNBC producers will surely have a special market coverage show tonight – spooky music included and a tag line like… MARKETS IN TURMOIL.
Reply