A Most Hideous Decline

De Ja Vu all over again.

XLU is rising through the rafters and stocks are plummeting through the floor boards. People are wrought with fear, panicked, running for exits inside funhouses without doors, just mirrors and margin clerks.

Massive declines in risk names, especially hacker stocks, because they taste better crispy.

My average down in CYBR proved to be a tad early, as it slides down the path towards hell, greased with the blood of those who bought before me. ONCE is a little resilient, if only for awhile. And AAPL is AAPL, a $700 billion Vampire Squid, hard to move, even harder to kill.

The rest of my stocks are on the grounds prepared for scorched earth exercises. Naturally, we’re bearing the full brunt of Europe’s ineptitude, just like in WW2. Sure, have us do all the heavy lifting and bleed for you, as you sit idle on the isles of Martinique sipping daiquiris. This all happening on the eve of the birth of a shit city called Paris is extraordinarily apropos.

One way or another, the bear only crowd is going to get grape raped. I cannot believe they’re falling for the olde Greek backdoor bull trick. They will soon find themselves fashioned inside ‘brazen bulls’, cooking because the meat tastes better that way (extra cannibal!).

Look no further than the market leaders, to play the coming bounce.

Biotech, Hacker stocks, and Tech.

Fuck those Chinese shits. They’re all criminals with ski-masks over there.

My way to play the coming bounce is via AAPL, CYBR, ONCE and SBNY.

Fuck oil and the entire commodity complex. Also keep your position sizes human, and quit trying to be Jay Gould, and shit, out there with your piker assed accounts. After you’ve made a small fortune in the tannery business, then maybe you can sashay (no homo) in and out of stocks with style and a little pizzaz.

Until then, buy the fucking dips and shut up about it.

I doubled down in CYBR and added to ONCE. My largest position is APPL and cash is upwards of 20%. Needless to say, I skirted today’s festivities and look forward to acquiring your margin calls tomorrow morning.

Having said that, I’ve given up almost 7% from the top of the market and now find myself mired in the midst of naked gorillas, trying to banana rape me into submission. “The Fly” is readying his ape killing trebuchet and will be very aggressive in his booking of profits, should they, per chance, happen to fall upon his person.

See how that rally fizzled out, just when you were tempted to buy in? They do this on purpose. They try to ruin you on purpose, not for monetary gain, but for sport.

I haven’t even opened my trading turret today. I just ate a turkey sandwich with a side order to two fucking barrels of coffee. I am sure most of you had carnivale food for lunch, entailing generous portions of hot dogs, kettle corn, corn dogs, deep deep fried shrimps, funnel cake and of course frenched fries lathered in cheese, gravy, bacon bits and meat.

You’re a disgusting man.

Be mindful of the fact that the margin clerk will be making her rounds after 3 o’clock this afternoon. The selling will likely exasperate, lending an element of terror to an already fretful tape. This market bottoms when Wall Street is flooded with the tears of the self-directed investor.

This is exactly the sort of market that Exodus was built for. We’ve already did the free trials. I invite you to join our ranks now, before it’s too late. As an aside, if you’re interested in the OVERSOLD/OVERBOUGHT levels of your favorite stock, or all of my buys/sells over the past month, email [email protected] and he’ll shoot it out to you, FREE from charge.

Our generosity is without boundaries and it will continue to amaze you, without ever ceasing–not even for a solitary moment.

It’s very nice to see the market recover and kick shorts down into sewer pipes. But don’t get cocky now; nothing has been resolved yet.

As our markets recover and you gleefully skip across the grassy fields, the chinese are stuck in the half-world, fending off beasts and craven devils who possess farmers to buy and then sell their stocks with vigor and tenacity.

Have a look at some of the chicoms today.

The Chinese Lotto guys have been killed. There has never been anything even remotely cool about China, a denizen for dogs eaters and the Father of all lies. But this sort of carnage is bound to have ramifications.

Be mindful of your surroundings lads. If you didn’t buy the opening bloodfest, you’re chasing now. Enjoy the respite and take pride in the fact that you aren’t a chinese farmer leveraged out to the hilt in A shares right now.

Why, nothing at all.

Markets like to pretend everything is a fucking drama. It will get worked up over this Greek tragedy, as it has gotten worked up by countless issues over the years, panic people into selling, induce fear and make people do things that are detrimental to their net worths.

It’s a dizzying panorama of madness, trying to balance the scales of sanity between the German and Greek governments.

The talking potatoes on CNBC are going to drum up the drama to a feverish temperature. But their motives are insidious, out for ratings and ad dollars. What is really at play here? It’s a nonsensical moronic dance between ancient people, who traditionally hate each other. Eventually, this will end and there will be a deal or a flat out default and mega-crisis in Greece.

Odds are, there will be a deal.

The losses that you’re enduring now will become a faint memory and new highs will be had again, much to the chagrin of a certain Bluestar–presiding from the volcanic ashes of Hawaii.

Nevertheless, don’t underestimate the fear that is out there now and how it could wreak havoc, at least for awhile. Be patient and buy quality.

It was very apropos of me to feature the film “The Crash” yesterday, was it not?

Futures are indicating a 250 point slide at the open; but it will be much worse than that. The homo hammer of certain death will appear in Europe this evening to annihilate them once and for all. Don’t be shocked to find 5% declines across Europe this evening, as the euro experiment burns up in the funhouse it was ended in today: Greece.

None of your charts mean anything tonight. Get your watchlists handy and focus on companies with a heavy emphasis on domestic sales. Stocks like HAIN and SBNY come to mind. Homebuilders and mortgage plays too, all focused on domestic growth.

The Greek people celebrate America’s birthday this evening by defecating on its flag and the flag of all western nations beholden to it–thanks to its enormous debt burden. Naturally, we’re all interested to find out the exposure risk and who is going to get fucked the hardest. None of this should propagate a credit crisis, a la Lehman Bros circa 2008. To equate the two in the same sentence is fucking ridiculous. Nevertheless, markets are ruled by emotions. In the interim, people are scared and leveraged. This is a dynamic recipe for a sharp sell off, one that will prove to be the single best buying opportunity of 2015.

Luckily for me, I am upwards of 25% cash, with AAPL being my largest position. However, I still expect to lose money tomorrow, as I am exposed to vast quantities of shares that will get clown raped as soon as trade begins. My choice is to cut the rest loose and wait out until a better market presents itself. Or, I can simply hold what I already own and opportunistically average in and then exit upon a reflex rally.

Either way, most of you are 100% fucked. Enjoy tonight’s supper, Greek style.

None of you Wall Street motherfuckers have heard of this movie, as you’re too busy keeping your heads registered in mountains of cocaine to ever attain a semblance of culture in your lives.

Classic Wall Street film, made during the height of the Great Depression.

This is about having it all and then losing it. You get to see how some spoiled rotten harlot conducted herself, after her husband lost his wealth. But the most interesting aspect of the movie, to me, was the fact that the crash had just happened 3 years before the movie was made. It’s a time capsule of sorts, an interesting peek into a world of whorish vaudeville and extravagant excesses, just like today!

You can watch it on Youtube for $2.99 or rent it on Amazon for the same price.

https://www.youtube.com/watch?v=u1pNh6R2POw

I cannot partake in blogging experiments today, as I am too busy to mind the store. I will refer back to myself for your entertainment and daily dose of stocked market wizardry.

I present to you, the reader class fucked face pleb: The Un-Gentleman Guide of 4th of July Festivities.

Risk is off. Don’t let the late day respite fool you. XLU is leading the charge and a wide array of risk stocks are off.

How can I prove it?

Inside Exodus, I keep a ‘Bubble Basket’ to assess the risk climate of the tape. The basket is comprised of high risk/high reward plays. This is the 3 mo chart.

Into the bell, I am upwards of 25% cash. I hold only a few trading positions now: ONCE, AAPL, CYBR and SBNY. I’ve been whipsawed over the past two weeks, shedding more than 6% from the highs. I need to slow shit down, up the market cap of my holdings and reduce the volatility.