Make no mistake, we are in the beginning stages of a reflex rally. In order for this rally to have legs, the current boogeyman must be shot dead. The problem with that, of course, is the boogeyman cannot be killed (extra Michael Meyers). That’s alright. All we need and require is a little obedience and we too can gallivant around town, clad in $20,000 suits and top hats made from the skulls of enemies.
Instead of going hog-wild retard into today’s circle jerk, I took a measured approach and opted to play a low rate environment, which should benefit REITs and Utes. To play this fucking oil spill catastrophe, I bought TRN–because once a rail man, always a rail man.
Keep in mind here lads, I already own 35 stocks, all of which have been ravaged by the market elements. Those positions are spread out and correlate the NASDAQ 100 fairy well, so I have my bases covered there.
In addition to that, I have open trading positions in TNA, CYBR, CLR, ETR, WRE, HE and YELP. Thank the stock Gods and the celestial beings who watch over me at night while I sleep for guiding me out of ARWR, EMES and BITA before they detonated and ripped shareholders to pieces.
My caprices allow me to change with the winds. I am not beholden to any mantra or bias, other than making money. This has been a hard year for me (extra penis) and I am trying to navigate these waters well enough to leave me in a pole position to make a late year run. Avoiding disasters is my #1 priority, even if it means playing the reflex rally to come like some sort of office clerk coward, monitoring the front lines from his jackass perch.
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The Fly is God.
Zombie – I posted this earlier while you were still in your crypt. Tell me how you want me to handle this next time. http://ibankcoin.com/flyblog/2014/10/08/im-gonna-take-a-different-route-if-thats-alright-with-you/#comment-452678
HA. I’ll track him down. Right after the IBC after party, I’ll add AZ to the itinerary. Thanks, UB.
“In a Republican district I was a strong Republican; in a Democratic district I was Democratic, and in doubtful districts I was doubtful. In politics I was an Erie Railroad man all the time. We had friends on both sides – friends in a business way.”
I suspect Devil Dog and his servant Samsonite Hamburgalar will attempt to crash the IBC after party.
I suspect they will.
https://www.youtube.com/watch?v=wTTd6KGNnQM
Love those vids. Watched them all again recently. “On the Contrary” and “The Death of Samsonite Hamburgalar” are my favorites.
Sam Fries was the shit. Who wouldn’t want an assistant whose sole job it was to saunter around dumping boxes of hot coffee on muscle-bound losers?
market gonna go splat again .
NUGT sky rocketing
Forgot about this one. Your xtra normal videos are amazing. You need to make more. Samsonite Hamburgler. What a son of a bitch.
BTW – This is the new Xtra Normal: http://nawmal.com/
I will reiterate that the most bullish thing in this scenario is nasty overnight futures action being erased to the upside during cash hours.
That might be the case today and today would be the perfect day for such a thing.
African jungle music can be heard in the background.
Have no fear, the rally is here.
EARL not looking to healthy again.