Classic October

Later on today I will do a post about long term positions. Over the years, a slew of clients have asked for ‘good’ names to “buy and hold”, for the kids, grandkids or what have you. I happen to have a fine list of stocks, thoroughly researched, that can be shared inside of these fine halls. But it all depends on how stocks behave today. If stocks bleed lower again, my mood might become violent, filled with rage, causing me to harbour a significant amount of animosity towards the world. Under that scenario, there isn’t a chance at seeing me behave in a charitable, distinguishable manner.

Earnings season is here, by the way. That means you need to sell non-core stocks before their earnings are reported. I have a feeling there is going to be a lot of blood drawn this quarter. Looking at retail, which is the US consumer, the economy is underperforming. If you don’t have an edge, get out of the way.

Speaking of which, Dry Bulk rates are lower this morning, due to a drop in Capesize rates. However, Supramax and Panamax rates were higher, once again–which might support some share appreciation in the bulkers today. Truth be told, I am flabbergasted by the weakness in the shippers. Isn’t anyone else paying attention to the god damned shipping rates?

JOSB is bidding for MW. This small deal should remind short sellers of the amount of cash on corporate books. It’s a very dangerous game to sell short, particularly heading into Q4.

Dark clouds are overhead, in classic October fashion. The goal should be to make it through in one piece, then prepare for an unrivaled, perverted, run heading into Turkey day (gobble, gobble) and into Xmas. Better times are ahead.