Being that defunct businesses are all the rage these days, CIT Group Inc. (CIT: 36.95 -0.22%) is a company of interest to me. Could John Thain, The Real American Psycho, rape a 3rd company in a row, without a single win? We shall see.

For the day, I did well, with gains in Flotek Industries, Inc. (FTK: 1.45 +3.61%) , (TLT: 90.48 +0.62%) , SandRidge Energy Inc. (SD: 8.22 +3.53%) and Sociedad Quimica y Minera (ADR) (SQM: 38.01 +1.85%) leading the charge higher.

Regarding Silicon Storage Technology, Inc. (SSTI: 3.08 0.00%) :

A competing bid to MCHP’s must be made this weekend or I am out, first thing Monday morning. Selling the company out at $3.05, in the midst of a major up cycle, is a fucking crime. Nonetheless, I am not an activist investor and have more important things to do than stick my beak inside merger and acquisition koolaid.

My plans for the weekend, as always, is to partake in the great American experiment called “Consumerism,” courtesy of Mrs. Fly and her ever so fashionable, yet fickle, taste in the finer things in life.

With today’s move, I am up around 15% for the year, yet you have the audacity to look at me crooked. The music will end buddy; and when it does, you will be shining my shoes. I don’t care how many resources you think you have, research teams, overpaid analysts, whatever. They all suck. You will be on the receiving end of a sticky bomb and that’s all there is to it.

As for the blogosphere: I am the Blogfather. Any questions?

Good.

So, to wrap this post up, we’ve been going up, up, up; but the next move is to visit your burial site.

Top picks: (TLT: 90.48 +0.62%) , (VXX: 23.85 -0.96%) , (TAN: 8.53 +1.31%)

I want to chase some ag names here, based on the Potash Corp./Saskatchewan (USA) (POT: 125.27 +7.13%) news. However, I am resisting the temptation by eating sandwiches.

On a separate note, Briefing.com is reporting Dril-Quip, Inc. (DRQ: 62.14 +0.94%) for Flotek Industries, Inc. (FTK: 1.45 +3.61%) takeover rumors. As much as I would like to believe that, being long a million shares, Briefing can go fuck themselves, with their asshole rumors. Seriously, those coffin stuffers disseminate false rumors daily. NEVER buy into them.

If you have been long, take profits and enjoy the weekend. If you have been sitting out this rally, too bad fuckface. You missed it: better luck next time.

With (TLT: 90.48 +0.62%) and (VXX: 23.85 -0.96%) about to go green, Le Fly is heading back to his bear cave for a little nap.

Before you eat your strudel (invest in stocks), I insist that you wait for the creme (see if the rally can hold). I am holding off on any moves until after 10:00am.

Thank you.

8:24 ET 3/11/10 POT Potash guides Q1 EPS to $$1.30-$1.50 vs prior $0.70-$1.00 and Reuters $0.94 ($116.93) Company notes that the upward revision reflects a sharp rebound in potash demand that is expected to drive a record quarter for North American sales volumes and strong offshore shipments, as well as higher-than-expected margins in nitrogen and phosphate. Adds that any revisions to annual guidance will be addressed in its Q1 news release on 29-Apr. Note that the current Reuters consensus for 2010 EPS is $5.12. “

Needless to say, I will be deploying capital to the ag sector, immediately, based upon this massive shift in the potash market. It appears, as I have discussed before (check my archives), farmers are no longer starving their soil, in order to save a few bucks. To do so would endanger future yields. As you can see with these Potash numbers, it’s time to milk the farmer again.

I will take 5-10% of assets and buy a basket of ag stocks, starting tomorrow morning.

Be sure to tune into Scott Bleier’s video update today at 4:30, regarding this wacky tape. The trial is free, so quit being such a lazy ‘tard and sign up.

NOTE: Merlin was last seen playing with his rubics cube, while mumbling to himself.