Over the weekend, a few friends of mine joined me for some brandy and intelligent conversation. Aside from discussing the mental ailments of many of our politicians, actors and lauded asset managers, we broached the subject of “the perfect bear trap.”
Unanimously, we came to a conclusion, which would not please some of you.
The perfect bear trap is an environment where the equity markets and the dollar index advance, simultaneously, much to your local bearshitters chagrin. I know most of you will toss away such talk as “slave-minded rubics cube.” However, I am telling you, it is entirely possible.
It is NOT written anywhere that stocks must adhere to the fluctuations of the U.S. dollar, regardless of historical reference. I am telling you, once again, Mother Market is far too sinister and dynamic to be gamed like that. Fuck around, betting against this market, and you will lose your house, wife and half of your net worth, via egregious divorce settlement.
I will remind you, until further notice, this is a LONG ONLY market.
For the day, I enjoyed gains in Lennar Corporation [[LEN]] , Flowserve Corporation [[FLS]] , Teva Pharmaceutical Industries Ltd (ADR) [[TEVA]] , Sears Holdings Corporation [[SHLD]] , Equinix, Inc. [[EQIX]] , Mechel OAO (ADR) [[MTL]] , ICICI Bank Limited (ADR) [[IBN]] , SandRidge Energy Inc. [[SD]] , ATP Oil & Gas Corporation [[ATPG]] , CGG Veritas (ADR) [[CGV]] , Masco Corporation [[MAS]] and [[YONG]] .
As an aside, I wanted to make something abundantly clear. “The Fly” is not better than you because he enjoys a network of workaholic professionals, who share ideas with one another on a continuous basis. He is not better than you because of his experiences, good and bad. He is better than you for one reason and one reason only: he is much smarter than you.
Think about that pal the next time you leave a fucking “gay camel lounging on the beach” message on this website. Think about it.
[youtube:http://www.youtube.com/watch?v=YeUMfZzdiEc 616 500]
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