Fuck running away from losses. Stand there, like a fucking man (even if you are a woman), and take the hits. It’s one fucking day, you ADD addled, ritalin taking homo—no offense to gay guys of course. Look for GDP estimates to come tumbling down, due to obvious signs of hitting a wall. Because of this factoid, the markets will get raped in September. However, that does not mean we cannot “feed the troll” before Wall Street’s veterans get back from their summer vacations. Take advantage of the stupid junior trading robots at Goldman, while you can. Those junior robots are stupid and have 1/5th of the microprocessors of their superior senior robot overlords.
Having said that, like my personal idol, George Bush, I am “going it alone,” long biased into a fucking weekend. ROFL. Ask me if I am scared; I fucking dare you.
As the clowns on CNBC monger around, like little peasants in Thai rice fields, “The Fly” is poolside, sipping on a cold glass of gasoline. Look, I got money to burn, motherfucker. Let rates collapse and foreclosures spike; I will only get richer.
As for this tape: it is bounded by the laws of mathematics to trade higher, before trading lower. Losses are expected and acceptable. Set backs are part and parcel of being an investor/trader. Do not fear the loss, embrace it. Hug it like it was your favorite stuffed animal, strapped with lit dynamite sticks. If you are scared, hedge your portfolios. I’ve been telling you to do that for months, ever since we entered the meat grinder. The fact that the markets are still above 10,000 is a fucking blessing, considering how low yields are. The upside, the silver lining if you will of rates being so low, is room for upside. Should bonds get hit, money will come flooding into equities, like a fucking Tsunami high on twenty eight balls of cocaine. If that shit doesn’t happen, well then, we’re fucked.
Happy trading.
[youtube:http://www.youtube.com/watch?v=vN7HQrgakZU 616 500] Comments »