Everyone got suckered into the Fed announcement, mocking the fiscal cliff as old hat. A friend of mine will be attending the White House holiday dinner tonight. I hope to learn about some shady deal by tomorrow.
Today’s sell off is catastrophic. It marks the very top of tops of 2012, until we jettison the fuck higher tomorrow of course.
Just like in life, the stock market is a casino. Sometimes you get rich, other times you end up with a tin can begging for coffee money. One thing is for certain, the crowd is rarely right, with exception to shorting social media stocks down 75%. We’re all too optimistic. What this country needs is a forceful correction, to wash out the unemployed and liquidate the disabled. I intend to neutralize a great many in the recession of 2013, conforming to the very basic darwinistic instincts that are within me.
I feel like a stupid fool, buying into JRCC and BZH today, although I am bullish for more than a day. If there is one thing to be certain of, it is upheaval.
Chaos is right around the corner and it’s begging for you to look at it the wrong way.
At the time of this blog, “The Fly” was long SWHC.
NOTE: At midnight, iBC will be holding elections to anoint its next 3 tabbed bloggers. In case you’re just tuning in, Chuck Bennett dropped out due to reports of ‘sexual indiscretions.’ Early polling suggests dark horse candidate, Maximus, is amongst the front runners, following “The Fly’s” endorsement and subsequent moral backing.
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