I am eliminating my fucking cash position, since it is not the behavior of a distinguished gentleman to have large pools of cash, just lying around doing nothing.
My dilemma: it’s stupid to go “all in” after the fact. If I conducted myself in such a manner, to hell and with bollocks, I’d run out of savings inside of 3 months time.
Instead, I’ve decided on a hybrid model, which is: bet against the Cramer circle jerkers, via long FXP/SRS/FAZ, while at the same time long some pretty gnarly (garbagio) tech stocks, just in case the “Cramer clan” decided it’s 1999 again.
As an aside, the action in KIM, following a 70 million share offering, is impressive. However, with regards to REITS, I’m afraid if you are not long KIM, MAC or SLG today, you’re getting punched in the throat.
As for the banks:euro trash banks are still running. I can offer zero reasons to buy the insolvent AIB, yet here we are and the stock is up 25%. In addition, RBS, LYG, BCS and UBS are green. For the most part, U.S. bank bulls have had their fill and are running for the cold part of the volcano, away from the hot hot magma.
Finally, I like my chances here, whatever the fuck it is that I think I am doing. I haven’t quite figured out exactly what my agenda is just yet. Just know, whatever it is, I shall win. After I am finished winning, I shall win again.
The process just keeps on repeating itself. I swear, no lies.
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