FLY BUY: BZH

THE HOUSING RECOVERY IS HERE TO STAY.

I am sure many disagree, yet revenue growth says you’re a fucking liar.

Just because Ben didn’t come with his printing presses today and push the market up by another 300, this is reason to be somber? You people are fucking babies. You wan’t everything the easy way, which is why you gravitate to charts. Instead of doing the heavy lifting  of research, you look at moronic moving averages and make wild declarations.

The Bearded Clam said a few things, smoked a few blunts, and you’re all pissy about not making ALL OF YOUR MONEY BACK in two days. Well fuck you asshole. The market has been down for 9 FUCKING CONSECUTIVE WEEKS. Pardon the eccentricities of those who have been beaten red to a pulp, wanting to sell on the first lift. There are no guarantees in this business. The market runs on the caprices of others. Never forget that.

Having said that, I am up 2.2% today. Albeit, I was up 3.6% earlier; but you can’t have it all. I am an immensely competitive person, but do not possess the savage greed that many of you have as character traits. I am as patient as an elephant and have no complaints about being up nearly 8% on my AUM over the past two days. My gains are nearing 6% YTD and the wind is behind my sails.

Let the speculators and the vagrants cast their shares aside for dosages of FAZ and TZA. It’s a suckers gamble betting against central banks. They would like very much to keep their heads.

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

This is amateur hour. I am not in this game for 100 points on the Dow or 3% moves in XYZ. The Bernanke speech is completely and entirely IRRELEVANT. This is not an FOMC meeting and he will not tip his hand. Remember the Fed will only do QE3 if they need to do it. When they do it, they will seek ti surprise and destroy short sellers. No, I am not exaggerating. The Fed is interested in killing short sellers. That is a fact.

I am not selling anything and will gladly give back 1-2% today if need be. I do not bend the knee to gratuitous day traders.

Off to eat a sandwich.

Well, I nailed the Chinese easing surprise. I knew it was coming, but was off by a week. My spies inside the communist government say there is more to come. At 6.31% interest rates, the Chinese are out of their fucking minds tight. If they want to negate the horseshit that is taking place in the west, they will need to cut rates to a much greater extent over the next 12 months.

Barring something horrendous out of Bernanke’s lips starting at 10 am, this market has momentum to the upside. With that momo comes responsibility. The bulls must make the bears sweat, hit them with clawhammers and cut off their dicks. I expect heavily shorted stocks to get going and anything related to China to sprint.

Names like MTW and TEX stand to benefit greatly from Chinese easing.

It’s been a really bad 9 weeks in the market. We seem to get hammered at least once per year thanks to the tenuous nature of the global economy. It’s the new normal. Nevertheless, we have a chance to run a little bit here. Let’s hope policy makers don’t drop the ball.

This isn’t about earnings or valuation. It’s not about trend lines or volume. Believe it or not, this isn’t about debt or rich balance sheets.

The market is about two things:

Computer driven liquidity pools and government and central bank intervention.

There are outliers and you can make money in niche plays, if they are well thought out and vetted. But, in general, the market is a giant convoy being directed like marionettes by people trying to maintain status quo.

I am not interested in making a difference or outthinking the great thinkers. It is what it is and I will continue to adjust by building my own tools (algorithms) and trading ahead of the interventionists. It is a never-ending process and correlations keep changing. We are getting “first time evers” on a regular basis. Being nimble and objective (no YELP) is the best course of action. And it needs to be practiced, not just preached (talking to myself).

I’ve been betwixt regarding buying or selling after today’s melt up. As you know, The PPT flagged overbought on TZA two days ago, for the first time in months. Since then, TZA has knifed lower by more than 10%. There are some things happening in PPT that I’d rather not talk about here, just know there is a hard decision to be made and I did it.

Due to the nature of this rally, with breadth upwards of 85%, I’ve elected to hold onto my positions. The last time we had breadth like this, literally, was 12/20/11. Despite the LTRO melt up of early 2012, we never breached 85%, at least inside of The PPT. As you also know, 12/20 marked the beginning of that cocaine gorilla run to the upside.

So, we have the specter of EXTREME easing by both the ECB and Fed, coupled with a market that has been pissed on for 9 consecutive weeks. By selling here, I pretty much guarantee mediocrity, something I loathe more than anything else.

If you know how to read above a 5th grade level, you know that I haven’t waivered at all on my holdings. I’ve traveled to the fucking pit of hell itself with YELP, TEX, MTW and others, while lamenting over losses in a very public manner. I have no issues sharing my setbacks with you because your opinions mean nothing. It’s like a mouse chirping away at a lion. The lion doesn’t even look at the little cheese eating mouse, because he’s too busy planning to eat elephants.

We are going the fuck higher.

I added to my NXPI position.

I sold 90% of my AG position.

As I write this shit, I am speeding in a car made from dynamite sticks, heading for the sun, +5%. Today’s lift puts me at +2.5% for the year, easy come, easy go.

How’d I do it?

All in, no cash, long heavy amounts of TEX, MTW, AG, MTW, TDC, CLF just to name a few. With the Nazzy up 2% for the day and most high beta stocks up 5%, I think it’s fair to say you can go fuck yourselves. All of you cocksuckers were warning of danger at the exact bottom. As a point in fact, just yesterday I had to talk three clients out of selling out their portfolios. These are men of industry, strong willed men, bending the knee to you fucking faggots in Europe.

Check this out: the market still wants higher. It is not only my destiny to enjoy outsized returns under extreme circumstances, but my right.

Fuck the world and you with it. “The Fly” is banking coin again, banging on his African jungle drums and stiff arming mustaches off of people’s faces.

In closing, as you sit there getting “zerohedged” under a barrage of flaming arrows, remember this day for as long as your pathetic organic state continues: “The Fly” wins all the time, especially when he appears to be losing with alacrity.

http://www.youtube.com/watch?v=KWlu8VhcqtM

For the faint of heart, this is where you take money off the table. The market is not running on cocaine yet, just an oversold bounce. There is optimism based around ideas, but nothing real–yet. As for me, I am holding until higher prices. I am positioned for Chinese easing and God damn it I will get it.

Aside from The Fuckbook, everything is up. If you insist on buying into strength, look for names that are down more than 20% over the past three months with % of shares sold short over 20%. Buy on momentum and pray to the Gods for a squeeze.

My top picks on Chinese easing are TEX, MTW and CLF. Other names worth buying are TCK, FCX and FLS.

Contrary to what you probably expected from me today, on a +150 upswing, I am not boastful. I graciously accept today’s respite and tip my hat to my robot overlords for helping me remain solvent. Should we continue to spread our wings here, I will fire my rail guns at all of you fuckers who were calling for calamity.

BEWARE.