With the 20% cash I have left, it is reserved for “buying the blood” only. Although I believe there are absurd values out there right now, like WLT, WNR, FLS, I need reserves for the “holy shit, dude, did you see that”? moment. Having 80% long is enough to participate in today’s reflex, better than expected, jobs report rally.
I am sure the numbers were fudged; but who gives a fuck? We need a little respite, in order to give the incompetents in Europe time to fix their mess over the weekend.
I do not believe we will sell off into strength today. However, I’ve seen crazier shit happen.
One thing is for certain: I am addicted to bailouts. Some of you fuckers were correct in chastising me yesterday for asking for government help. But I hope you understand I am not looking for private sector bailouts. I want those idiots to fix their own sovereign issues. In other words, I want government to bail out government, plus throw in a little QE3 on the side for us for the novelty.
Why do I want QE3?
Because it makes the market go up.
Are you surprised? Don’t be.
I’m not gonna judge this tape until 11am.
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