Thanksgiving Has Been Canceled

To replace it, President Obama has declared the old Thanksgiving to be renewed with “government appreciation day.” Look at Katrina, look at Sandy. Without the government, you’d be dead. Without the government, gentlemen, you’d be buying diapers from a store managed by the Taliban.

You should give praise to them for their stock market wizardry and for saving millions of jobs, bailing out your favorite banks and auto companies. Let’s not forget, without government you’d have no food!

Mysteriously, stocks are down today, ahead of government appreciation day, scheduled for Thursday of next week. It is my understanding, through nefarious channels, they (the government) are all buying Facebook today.

Surprisingly enough, I’ve been unable to dodge this fucking market meltdown, despite having 50% cash. I was down 2% yesterday and another 2% today. It’s unbelievable how stupid the world works. It’s like that movie Final Destination. You try to avoid death by locking yourself in a rubber room, then the room itself kills you with oddball toxins.

The sell offs in SWHC, VHC and EXK (silver is up, hello, fuck face) are buying opportunities–but I’m not buying yet. I much prefer buying into a semblance of strength, after a move lower, in an effort to catch upside reversals. Buying into a stock as it knifes lower is risky and Le Fly is tired of risk.

In many ways, I’ve become pussified, trained almost, to fear the markets. When I was a small boy, running about the schoolyard, I thought the stock market was a place of wonder, excitement and opportunity. I felt it was a venue for gentlemen, a place where a poor lad like myself could make a fortune. Well, I made a fortune, but it wasn’t easy. Now I feel like the whole thing is a giant snare, intended to wipe out investors with “Tsunami-like” precision.

The PPT is not oversold yet. It has nailed the top end of the range to the exact date and will most likely nail the bottom, as is customary for the algorithms to do so.