You people are just flat out gay. There is no other way to explain your investment methods, sashaying in and out of stocks—as if it were a fashion show. You’re over there sucking the fucking lemons off stocks, in the midst of a topping formation that will eventually lead to a stiff and burdensome decline. What am I doing, you ask?
Well, hang on a second or two and I will tell you.
My cash position is 20%, [[VXX]] 28% and long positions 52%. For the day, I am up a whopping 0.2%, led by gains in SINA Corporation (USA) [[SINA]] and GMX Resources Inc. [[GMXR]] . In other words, I’m eating carrots over here, watching you spin your wheels.
Do I find pleasure in watching others make mistakes?
As a matter of fact, yes, I do.
On the bright side, we are seeing a bounce back in many steel names, giving hope to the global growth crowd that China’s recent stock market smashing was all a mirage, a cruel joke of sorts. As you readily know, China is the Santa Claus for the world. When in doubt, just ask China to buy your shit; they have endless pools of money and are really, really stupid.
In short, “The Fly” is still preparing to buy your margin liquidations. So, get out there and go buck crazy, silly kids.
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