This is Why Romney Won the Debate

Obama CRUSHED Romney with one line zingers and insults. He was like an attack pit-bull, biting on another dog because he just finished eating dog food laden with gunpowder.

Romney was affable and soft, agreeing with Obama on many controversial points, like Syria.

But this debate wasn’t about making the other guy look like a jackass. It was about convincing the morons who are still undecided to vote for them.

In short, Obama was snarky and not very likable, speaking down to Romney in a very disrespectful tone. Romney played it safe and likely convinced MOAR people to vote for him, as a result.

The word has been spoken. Do not bother debating its merits.

Romney to win in a landslide. You will see why in about 1 hour.

I will be “live tweeting” the grande finale.

Follow me @The_Real_Fly

note: “The Fly” is in possession of a plutonium powered time machine and therefore cannot be debated because he’s been to the future. Incidentally, it has lower stock prices in it too.

Do you know what it takes to make money in this market, pal?

It takes religious faith to make money in this market–not balls. Providing you can avoid the occasional OSG in exchange for SVU, the market will reward you. That being said, I barely made any money today, advancing by just 0.25%. But, I am encouraged, based upon the sublime laws of mathematics, as so eloquently stated in today’s PPT summary. For the uninitiated: I give a full daily summary of the day’s events, as seen through the eyes of my mechanical brain aka The PPT.

Bottom line: the market didn’t collapse following Friday’s debacle. The bears need to respond quickly, else they will lose the initiative and the momentum will tumble in favour of the bulls, yet again–as prophesied by the blunt smoking pimp, Benjamin Bernanke.

http://www.youtube.com/watch?v=wHrmr0yeSrc

I’m ignoring today’s action in favor of several dozen sandwiches. I’d like to relay that message to all of you.

As you sit there panicked, almost haunted, by the stock exchange, “The Fly” will be devouring sandwiches whole, without any bites. Sure, there are lots of cross-currents in the short term. Take OSG as an example. Two weeks ago I was “on the boat”. Now I’m not and it’s sinking. Coincidence?

I think not.

We all have enemies, some obvious, other opaque. I dare say we share a common enemy: uncertainty.

Uncertain about our life-spans, longevity of relationships (business and personal), the way we deport ourselves and how said deportment is perceived by others, etc. In my estimation, all forms of uncertainty are legitimate reasons to lament, worrying about the prospects of our respective futures. Howsoever, when it comes to stocks, on a broader outlook, I think it’s fair to say they will go higher, no matter what, over the longer term. It’s all we have to look forward to, as a nation and once great society. It’s the great facade, a picture painted perfect on a rotting interior.

I’m reluctant to give out any strong opinions this morning. On paper, there is no reason to sell stocks, unless you fear a Romney Presidency. It’s true, earnings have been coming in a little light. But when was the last time this market cared about that? Once the earnings season is over, this market will trade in a convoy again–all up or down based upon macro-themes.

Italian and Spanish yields are ridiculously low and there is renewed demand for their paper. The crisis has been blunted and there’s nothing you or your stupid friends can do about it.

Tech is very oversold. If I was putting money to work this morning, I’d buy tech. As I write this, I’m +0.6% for the day. Following Friday’s -3% drubbing, today’s gains are merely a trifling.

My philosophy with stocks, for lack of a better term, has been religious. Faithfully, I believe that stocks will trade up, all the time, even when they’re supposed to go down–not so much different from your faith in “Le Fly” winning on a continuous and frequent basis. In a sense, that makes me a “perma-bull.” However, I’m naturally a pessimist, always favouring the dark mug steeped with black smoke instead of the glass of sunshine. It allows me the latitude to never be disappointed. Life is nothing but upside surprises for Senor Tropicana.

I need a few right now.

http://www.youtube.com/watch?v=tiLkmMueK0Y

As Romney extends his lead over Obama to landslide territory, one must ponder “is this a good thing for stocks?” Aside from the fact that Obama is Stalin reincarnate, sans all of the messy bloodshed, he does come with a strong financial henchman: Benjamin “The Fucking Bearded Clam” Bernanke.

We all know how Romney feels about Ben. He’s gonna fire the man on day one and implement some responsible/boring plan to right America’s financial ship. PFFFFFFFFFF, please. We all want the cocaine version of the economy, not some balanced budget shit.

Plainly, Romney is going to get rid of the Cocaine Gorillas and his running mate will implement ‘dark ages’ type of austerity. Be careful for what you ask for, good Sir, for you might receive it sooner than you thought.

Romney comes with cool shit too, such as ZERO cap gains taxes, lower taxes for the rich etc. Perhaps it all evens out in the end?

Maybe not, for this man (see below) will be out of a job by Valentine’s Day.

What’s Ben worth, 1,000, 2,000, 3,000 dow points?

It was the best of times. It was the worst of times. At the end of the week, the market did nothing, having absconded an early rally in exchange for drama. We’re all so panicked now, wondering what this bewildering market has in store for us next week.

We are reminded to #timestamp our trades and offset all gains with losses and losses with gains. One must always obey the specter of risk, as a market calamity is always right around the corner.

Keep in mind, good folks from the internets, the Portuguese used to be the currency reserve 600 years ago. Therefore, don’t be surprised if America entered an era of crisis by the year 2612.

Life used to be good– but now it’s bad.

For the day, I shed a staggering 3% because that’s what I do. I risk money to make money. There’s a reason why I bang on African drums most of the time, while you enjoy seltzer water on the weekends. Life is to be lived; and the market is to be played. Today I lost. But tomorrow, I shall win.

Please be sure to check out my market summery inside of The PPT and ChessNWine’s Weekly Strategy Session. It should make for excellent fireside chatting.

On the anniversary of the 1987 crash, the market crashes? Come on with this fucking horseshit. When was the last time the market fell by more than 200? It just had to drop today, out of all days, as a way to fuck with people.

I’m getting lit up, seven figure losses, down more than 3% for the day, led by everything. Miraculously, coal and the homies are holding their ground– but it doesn’t matter.

The sick, perverted, stock Gods have decided to play a prank on us by pulling the strings out from the marionette, leaving us without a captain to direct the ship. Consequently, it’s down, down, down for the market and the fucktards, such as myself, who are long.

Gone are the days of yesterday when mocking the bears for being “stupid fucking retards” was fashionable. Today the bears are celebrating, decked out in their finest burlap’d costumes, dining on the livers of overzealous longs.

VIX is spiking and so is TLT. It’s a classic “risk off” day, which if history is of any use will be short lived.

Fuck the crash of 1987. I remember that day as if it was yesterday, running around my stupid apartment, dodging cockroaches. I was 11 years old in 1987, an avid investor in all things to do with baseball cards and the occasional football variety.

Some of you are well aware of the caution flags exhibited inside of The PPT yesterday and the day prior. I take get pride when saying “I am in possession of a time machine, gentlemen. Would you like to go for a ride?”

We’re coming off an OVERBOUGHT condition, flagged two days. My position is one of supreme elegance, spitting in the faces of those who are short VHC. My FFIV position is higher too; but everything else in my chambers is lower, decidedly so. Current cash position, following yesterday’s sales, stands at 15%. My best guess, based upon the non-negotiable laws of mathematics of the sublime nature, is for the market to head lower over the next 5-7 days, as prophesied inside of the halls of The PPT.

10/17/12

10/18/12

As of now, I have zero exposure to the other black gold, aka coal. It’s not that I don’t love coal or possess amorous thoughts regarding the wonderful state of West Virginia. It’s just that, frankly, mining for money in coal is tiresome. I need me a break, unwind a bit, enjoy the scenery.

Don’t worry, should coal drop a bit, I’ll be right back in the mine with the rest of you.

Futures are lower; but I stand to make some of my fucking money back in FFIV today, off the RVBD numbers.

My top picks are MCP, VHC, FFIV and APKT.

As you were.