IT’S TIME TO PLAY WITH THE SUN

I bought SUNE because it’s heading for new highs.

NOTE: I never said I wasn’t ‘crazy.’

If you love Obama, Harry Reid, and the rest of the gang, you’re probably warming to the idea of buying this market. You figure there isn’t any way the GOP can withstand the Godship of the democratic party, led by Jesus himself, and thereby caving into the messiahs demands–sooner rather than later. However, I believe you underestimate the true crazy that is embedded at the heart of the new religion based, gold bug, wing of the republican party.

No longer are the republicans wearing checkered pants on the golf course, working diligently to keep out the riff-raff from their respected country clubs. These new guys are only interested in the default of the US treasury. They feel, and have always felt, “we’re spending recklessly” and it’s “best to take our medicine now than later on” when it might taste bad, filled with sugar and all sort of fillers. The GOP wants you to die from cancer right now and do not feel the need to bother with expensive chemo-therapy treatment.

The faster you die, the quicker you will get to meet Jesus, then be reincarnated, back to living a sin-less life of austere conservatism, purchasing wares with coins made from 24k gold.

THAT’S WHAT YOU’RE DEALING WITH NOW. Good luck.

UPDATE:

You suckers better start getting used to this. The BDI has bottomed and Wall St is completely oblivious to the fact that the shippers are the best engine for year over year growth in the market right now.

They’re gonna learn the hard way after earnings are released.

Top pick: BALT

I don’t mean to brag, but I’m gonna do so anyway.

Who’s the guy with a 33% cash position with his largest positions up for the day?

BALT and YELP don’t care. They urinate in your face from atop a skyscraper. I told you to move sideways and out of that ANGI, done with the female escort after taking her for 12%. Did you listen to me? Of course not.

Instead, you pepper me with questions on twitter and here. Look here pal, buzz off. “The Fly” doesn’t have time for the likes of you. He’s building empires, plotting to buy his competitors in bankruptcy.

I’m gonna buy the blood, your blood. I sit here waiting, patiently, like a vampire in a blood bank.

Disclosure: I made 0.3% today.
http://www.youtube.com/watch?v=XBupdeRZx48

Give this man a third term.

This is a total train wreck. I am tempted to buy a million dollars worth of VXX. Someone out there who cares about the mental health of Le Fly, please talk me out of it. But, seriously, doesn’t it look good?

This is the perfect scenario for volatility. No one believes congress will willingly crush the spirits and souls of investors, via a self inflicted/catastrophic default. HOWEVER, that’s exactly what they’re going to do, AND MORE.

When it happens, everyone is going to freak out, running around like chickens without heads. At that juncture in time, “The Fly” will be snacking on protein, drinking creatine shakes and generally chuckling at the drama.

So far, during my lifespan, I’ve learned to trust no one, not even Santa Claus. If you’re buying stocks here, you are trusting congress to act rationally. Now tell me, is that a rational bet on your behalf?

All that aside, BALT looks good, as well as NTE and CLSN (no position in the last two).

Oh, by the way, MODN announced they will begin firing people. That is exactly what they need to do, in order to preserve value for shareholders. With a smaller headcount, their burn will be less; hence, their net cash position, which is now $4.50 per share, is even more attractive.

VXX tits for Halloween fools. You know the routine.

The BDI index is sharply higher this morning.

The rising day rates literally go straight to the bottom line. This is very bullish for a number of companies.

Here’s a look at the fleets of some of the more prominent dry bulk names.

Top picks: BALT, EGLE

Let it be noted, the only reason why I sold EGLE is due to fear of a secondary being announced. Unlike BALT, many of the dry bulk names NEED to raise capital to improve their balance sheets. In the long run, this is incredibly bullish for the industry. They need this respite to fix their financials. However, in the short run, companies with maturing debt and stretched debt/equity levels are dilution risks to shareholders.

It’s fascinating to watch this lunatic explain his stubbornness.

In my career, I have not seen a less attractive risk-reward ratio than a long investment in Herbalife common stock at current levels.

S&P futs are 9 points below fair value. Somewhere in a dark cellar, your local congressman is beating off to the carnage.

Enjoy.