Kill the Leprechaun

I thought we’d board the cocaine train to hedonism this morning, celebrating all day long–partaking in a great many frivolities. Instead, it looks like cowards are selling into strength, scared to pieces over sequestration. This is all very disconcerting, as the market needs to truck higher to support the revenue base of the United Steaks of America.

I have numerous positions, some are merely flings, others long term commitments. I’ve held CHD, RS, KMB, WM and PEP for almost a year. But there is one thing that I feel is a certainty and that is substantially lower gold/silver stocks.

They are broken. Hedge funds who are focused on the miners shall be liquidated. I declare we should free that money and let someone else more capable manage it! Forced selling will occur and the miners will suffer. They should’ve made more money by now. Instead, due to waste and stupidity, these miners are still trying to make money–even though prices have soared over the past 10 years.

They are a disgrace to capitalism.

I am short AG with conviction.

Many of you submitted blogs for review. I took the time out of my day to read them. This is what I think of them.

Rhino: The majority of you know Rhino, him being an interim tabbed blogger of mine, popular vote winner in the great blog elections of 2012. I have an inside track into the work habits of Rhino, since he writes for the site. Without a doubt, he has what it takes to be a successful blogger. There is frequent engagement on his blog, as his articles either evoke love or unparalleled hatred amongst his readers. Either way, he gets them to read and comment and that’s good. He posts at a minimum of 3 times per day, keeping content fresh and relevant. As for criticisms: I feel the grammar and spacing of paragraphs can be made to be easier on the reader. Also, from time to time, Rhino comes across as a guy who just got done sticking a rambo knife into someone’s abdomen. That’s not necessarily a bad thing. However, one must learn to balance the insane with the competent, in order to garner trust from the reader. Grade: B+

Trader Habits: He doesn’t post enough. He has a few recent posts, then it looks like he went on a cocaine binge for weeks at a time, spitting on his readers, leaving them to die of thirst in the desert. Because of that lack of fresh content and relevant material, the site is rendered to be useless–subsequently without traffic and reader participation. That’s too bad, especially since the content is pretty good, save the sales pitch stamped at the end of the post. I can tell you from first person experience, running a 7 figure premium service, it’s not smart business to talk business all the time–if you know what I mean. Grade: D

Following Price Action: I hate the name of the site. It reminds me of a dog site that might be named “Walk the Dog” or ‘Clean up Poop”. The layout is clean–but the content is MIA. Do you people really think success can be accomplished with zero effort? I understand that some of you do it as a hobby and that’s cool. But I am only interested in serious minded bloggers, men who want to share wisdom, frailties and personality. It appears this gent is quite active on Twitter, but ignore the site. That makes no sense. Twitter should be used to bolster web traffic, not the other way around. There isn’t any traffic or reader participation to speak of, due to lack of effort. On the bright side, the content is pleasant, light and decent enough to check in from time to time.  Grade: D

Ringer Capital: My guess he is a college kid, tooling around on the internets, throwing mashed potatoes at the screen after he’s done. This site isn’t updated enough. Moreover, the last post was a god damned thesis on a 20 cent penny stock. Look, kid, get your head from out of the gutter. You can write and have some talents. Keep your posts short, to the point, exciting, and often. Then get back to me. Grade: D

Greedy Picks: Sometimes I feel the blogosphere is to twitter what newspapers are to the internet. Then I look at iBankCoin’s revenue statements and remember that there is money to be made here. What the hell is wrong with you Twitter fiends? This blog isn’t updated. Content is decent, but too sparse. He does spend plenty of time chinwagging on Twitter, however. Grade: D

BCLund: I know this guy because he heckles me on Twitter. This site has a stupid car as a header. I’d like to see that car in a horrific accident and sent to the old car junkyard for good. This bozo has some personality, but prefers to defecate on himself while tweeting, instead of working a real man’s job on the blogosphere. Once again, the blog lacks content and honorable web design. Grade: D-

Cracked Market: Finally a decent blogger. This site is updated regularly, not enough to be called a top tier site, but enough to avoid being graded a D. Right away I enjoyed his post. The layout was clean to the point and logical. But then I thumbed down and was chagrined to find EVERY GOD DAMNED POST IN THE SAME FORMAT. Excuse me Sir, are you a robot? If I stabbed you with a knife, would you bleed red blood, or white android fluids? His free subscription suggestion is a little confusing. I was expecting something of the premium nature there. People don’t want stuff emailed anymore. Boxes are loaded with spam as it is. The last thing I want is an excerpt from some stock market creep, robotting his way into my lavish life. Nonetheless, I like the content. Grade: B

The Housing Time Bomb: Are you kidding me with this site name and the big stupid bear on the top of the page? This is like having a “KILL ALL VIETNAMESE” blog in 1980. It might’ve been cool in 1970; but dude, it’s 1980. You just look strange (danger!) and psycho. It’s a bear blog and the content should be placed elsewhere, on a new site, under a new name. Post often and bring hell. There are lots of like minded people out there who’d be happy to join your cult. Grade: F

Body Building Secrets Live: Marc has been a huge supporter of the site for many years. I know he’s a big fitness guy and loves to trade stocks. His site is purely fitness and is loaded with lots of great information. I’m not sure if the site needs to be updated more, since he has a “freemium”style going–a little free info for a lot of paid info. He might get tons of clicks through google for services. I just don’t know. If I was him, I’d buy lots of google adwords and take a more active approach on Twitter to get customers. Hell, this is one of those services that’s actually worth trying, considering it can save your life. My strongest suggestion is to post more content, written or video. Grade: A-

eWallStreeter: Ditch the pop up thingy right away. The cost/benefit isn’t there to piss off new readers with that thing. I’d click right off the site, if I wasn’t commissioned to review it.  Okay, I really hate this site. The design is dreadful and the ads piss me off. I click on an article and that stupid pop up thingy gets in my face again. I see he is boasting being the “favorite website of CNBCs Fast Money.” Really? HOW IS THAT POSSIBLE? The layout is an abomination–too busy and wasting good space with inane subjects. Stop it. Grade: F-

On the wine scale: I love wine, so find myself biased to like this site. The genre is under represented, so reading anything about wine is interesting to me. The content is good, but he’s ruining any chances of greatness by committing basic and avoidable blogging sins. First off, you need more content. Also, fix the layout. Just have it going top to bottom in one column. Thirdly, post PICTURES and videos. People who are serious about wine like to see the bottle or the glass and want more information. I want to know where the vineyard is, its history, other vineyards in the area who produce popular wines, and EVERYTHING about the taste. It’s not good enough to say “I liked this wine.” How about the tannins, alcohol content, drinkability? What does it pair well with, etc? Grade: C

Run By Beats: This rap site hasn’t been updated since June. Grade: F

The Buttonwood Tree: This site was designed by a crazy person. Free advice, if you do not have a web designer, just go with a free template that is simple. Having the big BUTTONWOOD people header is simply a waste of space. No one cares about that, just like no one cares about the drivel below the fold. I still don’t know what that is supposed to be. Plus, you don’t update the site, ever. Grade: D

Rick J’s Handicap Picks: Truth be told, I’ve never bet on a sporting event in my life, so this is foreign to me. I imagine if I was a degenerate OTB guy looking for some hot picks, a site like this might come in handy. But Rick, baby, you need more personality. I want you to tell me how awesome you are and how all of the horses fear your whip when you visit the track. If I am merely a degenerate OTB guy, then you should be a super degenerate, doing youtube vids, smoking cigars and counting all of the money from your handicapped winnings. Grade: C

Yahoo Finance: I love Marissa Mayer and would leave my wife and 3 kids to make sex to her, if I was some sort of base, primal, creature– whose sole focus was to procreate and do drugs. Grade: A

Independent Capitalist: I needed a magnifying glass to read this site. Fix the fonts pal. It’s possible that some old folk might stumble upon your site and would mistake it for a black hole, instead of a rather nice, well read and seasoned blogger. He has potential. He sounds like he’s in the business of money management, or is simply a seasoned investor. With a better layout and honorable web design, I might read this site on occasion. Grade: B

3ddHedgeInvestments: What is this nonsense? Who let this nutcase out from the asylum, with this lime green color and retarded donate button at the top of the site, captivating me into believing he is using donations to finance terrorism? Why is every single letter CAPS LOCKED and why is there a god damned 500 word disclaimer on every post? Are you an idiot, or just play one on the internets? Stop blogging at once. Grade: F-

The Trading Wife: Decent site with lots of content. She has lots of ideas and has a nice, clean, spreadsheet that tracks her successes and failures. Although I know who she is from iBC/PPT/12631 and feel she is capable of handling a premium service, I’m afraid as a new reader I’d be put off by it. Not because of the suggestion of subscribing to someone who knows stocks, but due to the newness of the site. Frankly, premium services are hard to maintain and even harder to build. You cannot start a blog and offer a service right away. You need to put in sweat equity. All that aside, I like the site, but would change the design slightly. Grade: B

Aleph Blog: This is a tier one site, run by someone who is extremely capable. But why is the comments section so dead? Clearly he knows his stuff and produces plenty of content. Maybe he’s more popular at Real Money? Either way, he needs to promote and engage better. Grade: A

iBergamot: This site is a god damned mess. Change the name of the site immediately. Why is there a moon widget on the side? I want to punch that thing in the face. Stay focused, clean up the site. Websites are not christmas trees. You don’t have to put a toy on every branch. This is a gentleman’s business and your website should reflect that. Your paragraph structure is screwy too. It’s too bad, since this site is updated frequently with decent content. Grade: C-

Slope of Hope: My so called arch nemesis, TIM Knight and his burlap’d blog. If I was a bear, I’d love this site. It has tons of content and plenty of crazy people in the comments section making fun of perma-bull sites, like iBankCoin. The only problem with this site is TIM isn’t very good, at least that’s what I am told. From what I gather, there is a lot of smoke and mirrors at play here. Granted, it’s been a tough slog being a bear these past 5 years. I do, however, commend him for keeping up his evil, sinister, plan to break the back of western finance, via blogging. My sole suggestion is to fire all of the other bloggers writing for the site. No one visits TIM’s cave for strawberries. They want the Knight in burlap’d armor. Grade: A+

Herd Mentality:  UPDATE your freakin’ blog pal. I really like the design and clean layout. This site would have potential if someone actually wrote on it. And don’t make me click for more articles after just 2 posts, you idiot. Stop whoring for page views and make it an enjoyable experience for your readers. There should be at least 8 fresh articles per page. Just so you know, aside from news, I post 5-8 times per day. ChessnWine posts 10 times per day. Work. Grade: D

SovaTrades: Interesting. This fine gent is an iBankCoin blogger network blogger and just posts links to his iBC post on his blog. A little confusing. If I might suggest, duplicate the iBC posts on your blog or ditch your blog altogether. Also, ditch the paypal donate button. No one ever donates and it makes you look homeless. You don’t need the donation, so don’t ask for it. On your iBC blog, you post plenty of charts, but hardly any written content. You’re one of those chart guys. Truth is, you can be a chart guy and annotate the charts with clues. Either way, you are incomplete, pal. Grade: C

Is this the top: Ha! Very clever. Grade: A+

Note: Here was my last blog review. I bet most of those bastards quit blogging and became sanitation workers.

I was just playing one of my favourite games, making millions of dollars disappear into thin air, when the closing bell interrupted my entertainment.

I added to several positions today, in large testicle’d manner, ignoring the minimum basics of risk management.  It says “when markets start to drop, take a step back pal, chill out, and eat a sandwich. If you even think about buying stocks, I’m gonna call the SEC on you.”

My television was filled with all sorts of interesting and vibrant things today. From Reformed Broker’s new hairstyle to Mr. #TIMESTAMP taking the bull side against  Dennis Fartman–intertwixt by bouts of sheer lunacy represented by the CNBC anchors. It was fantastic, as always.

I managed another down day, this time off by about 1%–nothing too extravagant– yet perplexing enough to have me watching the teevee all day long.

I look forward to playing these games tomorrow.

Added to BX.

I added to both BZH and USG.

I added to my $AG short.

Disclaimer: If you sell short AG because of this post, when you die, you will go straight to hell. And, you may lose money.

Many markets, many things, have attempted to destroy this market–but all have come up Webster. Make no mistake, I’ve been known to have down periods, spurred on by plagues and blackness–but nothing has stopped me from forging ahead–thanks to the miracle on Wall Street.

Nothing has changed from two days ago, but the headlines on the teevee box predicting doom. Feel free to urinate on your televisions before throwing them out of your window.

The housing market is setting up for unparalleled decadence. Men will buy real estate during lunch breaks and sell them for profit at dinner.  Frocks will become stylish again and contact lenses will be replaced by monocles.

Why bother buying a new SUV when there are plenty of calashes available for purchase?

The losses are painful and we all want to kill ourselves now. I get it.

But don’t do it! Before you know it, great whores will suckle from your anatomy and the stock market will soar to new heights, giving license to move around freely–spending money like a addicted heroin fiend in an afghan poppy field.

We’re in free-fall mode, as high beta/return stocks get beat down like a homeless man taking a piss on a police car.

I am selling where I can to reduce exposure, now at +70% long exposure, with about 15% of cash on hand. Yes, it’s true, I’ve been selling some VHC to help finance my longevity. It doesn’t help that my late day, reactionary, short sale–AG– is up today. It’s a good thing the feces company, CCL, is heading lower–else I would have nothing to cheer me up this morning.

Between WNC, BX, BZH and USG, I want to stick my head inside of a howitzer and fire away. I’ve seen these types of sell offs before. But for some reason, I can’t get used to them, or grow accustomed to their devilish ways.

It’s a down elevator with a broken elevator cable.

Proceed with caution.

Every election day Americans draw from the worst luck, choosing people who are the very worst at managing affairs of state, perverts and scoundrels–corrupted by money and power. Those votes are going to produce a catastrophic event one day–that much is guaranteed.

Starting March 1st, massive cuts in government spending will take place–not because the GOP are hell bent on wrecking the economy–but because Obama is unable to lead. You’re unable to lead. I’m unable to lead. We’re all unable to lead.

It’s too easy to blame the pesky republicans for the sequestration. After all, their demands are very sensible: saving the US economy from eventual destruction.

They feel, in their learned wisdom, that balancing spending versus income is the only path to long term, sustainable, solvency. Everyone else wants cocaine chuck wagons–mainly because their heart isn’t into the nationalist movement. Most people don’t care about future debts, since they’ll be dead.

Chiefly, stock market gains muffle the mortal illness that afflicts America– assuaging market participants to willfully accept and clamor for the lethal path.

It’s the entitlement generation/disease who purports this dangerous/selfish way of thinking.

Rely on your government to meddle in your lives, wrecking your investment prospects. Compromises will not be made, because we are led by a pack of wolves whose ideologies are financed by people who want to destroy America, rather than see it thrive for another 237 years.

It’s the stupidest lesson  never learned. Each and every time I float about the office in ancient Roman costume, burning sage in fire pits, slapping people with my leather sandals, I get corrected. I get corrected when I focus more on spending my money than earning it.

I get corrected when I push the limits of reason to the extreme, begging for something bad to happen, daring it to happen.

Over and over again, I exhibit periods of brilliance, only to be foreshadowed by irrational emotion.

I had to reduce my exposure today due to the severity of my drubbing, off by an appalling 5.2%–cutting my year to date returns down by a third. My overall net exposure, after my AG and CCL shorts, is 90% long. Shorting AG was purely reactionary, an act of destitute desperation, as my face melted off into the bell.

As luck would have it, yours truly was escorted out from his office into a large truck to “pick up a couch” from a store. The insanity of Mrs. Fly has no bounds, as she cuts corners on furniture delivery, only to attempt to bankrupt me with persian rug purchases.

The market is either going to trade up or down in the immediate term. How’s that for a predictions. I can’t lose.

Like I said yesterday, only the Fed can bring the market down, and that’s exactly what happened today. Some of the beardless members at the Fed are calling into question QE-infiitum. They don’t have the balls or the facial hair to challenge Mr. Bernanke and shall be vanquished, dispatched, in short order.

Young folks out there, the reader class, you have nothing to fear–whatsoever– but yourselves. Only you can crush your brokerage accounts by making poor decisions. Move up the market cap ladder and avoid taking on leverage after 12 up weeks in a row.

I feel like punching a grandfather clock in the face–losing all of this money in one afternoon–humbled and corrected.

Listen to the brooding melodies of Glass, symphony 8, mvt II, as it embodies my mood perfectly.