Saturday Night Thought

The fucking assholes at BAC need the TARP funds so that they can give the piker brokers at MER retention packages.

Congrats to the “Ottnot” family for introducing a baby boy to this twisted world. May he sell short many shares of stupid bank stocks, during the course of his long/illustrious life.

[youtube:http://www.youtube.com/watch?v=7WRiRxUaWA4 450 300]

I’m might buy a little SRS into the bell. I know many of you horse fuckers will stay long, hoping to hit the Obama inauguration lottery. However, just know this, stocks always trade down on inauguration day.

The remnants of my investments consist of small FAZ, EEV, REW and long VCLK, PFE, NITE positions. I’m thinking, I really need to apply myself here, in an effort to nail the next trade.

The catalyst for higher prices today was the BAC bailout. But, if you look at all of the bank stocks, they’re all down. Therefore, this rally is made from shit and sand.

Ideally, I will get printed on my SRS purchase, sub $60.

If you are long crude, via DXO or UCO, it makes sense to hedge that with a DUG position. I realize that trade is not working today; but eventually it will.

In closing, if a shot gun was put to my head, in order to extract one stock pick, I’d say: “shoot me sir if you must, but before you do, get short that bitch KIM.”

BAM-UPDATE: Got my fucking print: I bought 2,000 SRS @ $58.85

Life as a retiree is not as eventful as I thought it would be.

Between putting sun screen on my nose and kicking the asses of the men on shuffle board courts, I’m rather bored.

Luckily for me, I was not forced to watch CNBC today and bear witness to their fucking asshole fuckery. For example, I just turned it on now and BAM, some bitch is talking about all the cash on the “sidelines” coming into the market.

ROFLFLGFGSDFHFGGSDFGDFHDFBDFGSDFG—VXCFZHFGGGDF!!!

I call BULLSHIT!

As an aside, it’s worth noting, had I listened to my own post retirement advice this morning, getting long DXO, I would have lost money.

So goes the life of a retiree. I had no idea what the fuck I was talking about. But don’t worry, my faculties are back.

Take a look at JPM: they’re fucking doomed. Like BAC, JPM is buying all sorts of stupid shit too—From Bear Sterns to Washington Mutual.

I should have held onto my FAZ position; but I didn’t. I will be happy with my victories and careful with how I redeploy my cash.

Going into the bell, I can’t help but believe SRS is buyable.

NOTE: Take a look at BCS–LEH. Ouch.

What the fucking is going on?

How can our government officials be so stupid? Or, are they complicit?

Ken Lewis, CEO of BAC, has been spending money like a dog in a bone shop on acquisitions, and other stupid shit. But now he needs a bailout? Even worse, our government gives it to him like it’s no big deal.

Here you go Ken. Do us a favor and try to keep the bonuses under $10 billion in ’09, ok?

Thanks. This is one fuck of a great country to live in, providing you are into fleecing and other degenerate activities.

As you know, “The Fly” has only 10% of his money invested, at the present. It’s really nothing, with longs and shorts offsetting each other. Hell, I could do whatever the fuck I want and not worry about my face being ripped off.

I am a free man.

That’s right, I am free to throw hot tea out my office window, on the revelers below. Or, I can take long naps or watch non-financial television.

For the love of large vats of acid, I could go on vacation!

Life without the stock market has been fantastic, thus far.

As for the markets:

I think oil can bounce a little here, with t-bills selling off and the dollar getting raped. If I am so inclined, I may nibble on some UCO or DXO. However, do not misconstrue my bullish position on $35 crude for full fledged lunatic bullishness on oil stocks. Again, their businesses are impaired. They will, eventually, go much, much lower.

Today, I expect the market to bounce, led by short squeezes in banks and possibly oils. If I were an investor or had millions of dollars in equities, I would NOT be a buyer of stocks, ahead of Obama’s inauguration.

Instead of fucking around with stocks, go eat a meatball hero, with mozarella and a little marinara sauce.

Top pick: cash

Off to take a nap. Wish me luck!

Gov’t gives BAC 138 billion big ones.

In other news, if BAC did not get your money, John Thain would have missed out on a huge investment banking payday, for brokering the BAC for MER deal. That would have been a shame, for that cock sucking scum bag mother fucker.

The good news is: BAC gets to acquire MER. If they were not able to complete the deal, without a doubt, the entire planet, as we know it, would have been sucked into a great void—lost for good.

I am not in the market. I have no real positions to speak of—just stupid ancillary bullshit.

Let it be known, when the market was printing the lows of the day, The PPT ranks were moving up in score. I was confused. Hell, I thought for sure the scores would be at new lows. However, instead, they were showing signs of strength, which was entirely opposite from what the market was showing.

With all of the bullshit in the market, coupled with the information coming out of The PPT, I blew out of most my positions—long and short—near their intraday highs. Another Fly win.

Anyway, we are not out of the woods yet. And, I am sure there is a rally or two left, prior to the ultimate mind numbing unscheduled decline, which is inevitable. But, let it be known, “The Fly” has, pretty much, retired from this stock game. I have had enough of this shit, quite sincerely.

Hell, if I am going to go out, I might as well do it while on top, no?

I am within 10% of my all-time highs, which was accomplished during the fun days of November, 2008. I will hit that cock sucking number, then vanish, like a thief in the night, never to be seen of or heard from again.

The Legend of “The Fly” will make its circles around the filthy coffee machines down on Wall Street. Piker brokers will talk of such a Godly investor, like rap fans speak of Tupac or Biggie Smalls.

The internet will search far and wide for Senor Tropicana. However, he will be nowhere to be found, since he will be living on some backwards island, sipping on hard liquor, just south of America. Maybe he will become a Jamaican. Who knows, mon?

Here are some stats from PPT:

Market Overview
Average Technical Score: 1.54 Strong Sell
Average Fundamental Score: 3.67 Buy
Average Hybrid Score: 2.43 Sell

PPT Top 10 (no market cap screen)

No. Ticker Technicals Fundamentals Hybrid Score Hybrid Change – Daily Hybrid Change – Weekly
1 ESI 4.64 3.80 4.29 23.28% -11.08%
2 CECO 4.24 4.25 4.25 21.43% -0.56%
3 APOL 4.09 4.20 4.13 14.40% -0.96%
4 CWT 3.89 4.45 4.13 19.71% 18.68%
5 ASEI 4.19 3.95 4.09 19.59% 5.14%
6 DLTR 3.79 4.40 4.05 25.00% 14.57%
7 MANT 3.74 4.30 3.98 15.03% 23.99%
8 GXDX 3.89 4.00 3.94 2.34% 56.35%
9 AVAV 3.79 4.05 3.90 30.00% 19.05%
10 EMS 3.54 4.35 3.88 2.11% 25.16%

PPT Top ETF’s

No. TickerAcc/Dist Price Perf. Rel. Strength Volatility Volume Final Score
1 DTO 5 5 5 5 3 4.64
2 BIV 5 4 5 1 5 4.46
3 SCO 5 5 2 5 5 4.29
4 DEE 5 5 5 3 1 4.14
5 UUP 5 4 4 1 3 3.94
6 AGG 5 4 5 1 1 3.79
7 BSV 5 4 5 1 1 3.79
8 REW 5 4 1 5 5 3.79
9 SSG 5 4 1 5 5 3.79
10 CIU 5 4 5 1 1 3.79

PPT Top Sectors

No. Industry Tech. Fund. Hybrid Hybrid Change – Daily Hybrid Change – Weekly
1 Education & Training Services 2.90 3.59 3.19 15.54% -6.08%
2 Home Health Care 2.22 4.30 3.09 5.48% 3.48%
3 Drug Stores 2.27 4.05 3.01 6.59% 15.73%
4 Consumer Services 2.09 4.09 2.93 6.88% 0.66%
5 Industrial Equipment Wholesale 1.88 4.27 2.88 8.58% 1.42%
6 Water Utilities 2.21 3.79 2.87 8.29% -1.13%
7 Defense/Aerospace 1.72 4.35 2.82 5.84% 1.88%
8 General Contractors 1.76 4.24 2.80 8.67% -6.43%
9 Industrial Equipment & Components 1.55 4.49 2.79 6.62% 0.43%
10 Healthcare Information Services 2.23 3.55 2.78 11.98% 2.08%

(Note: only 3 of 198 sectors are ranked a “buy”)

PPT Bottom 10 (Price screen over $10)

1 SBAC 1.29 17.59
2 IPI 1.54 19.64
3 RGC 1.62 10.03
4 CCI 1.63 18.10
5 UAUA 1.65 11.10
6 CCE 1.66 11.40
7 CVC 1.67 17.92
8 JRCC 1.70 14.56
9 MA 1.70 129.51
10 NETL 1.70 21.04

PPT Bottom 10 Sectors

No. Industry Tech. Fund. Hybrid Hybrid Change – Daily Hybrid Change – Weekly
1 Silver 1.31 3.10 1.97 3.98% -8.11%
2 Semiconductor- Memory Chips 1.41 2.73 1.97 5.86% 0.50%
3 Auto Manufacturers – Major 1.20 3.07 1.97 4.86% -5.06%
4 Major Airlines 1.84 2.21 2.00 7.85% -9.81%
5 Publishing – Newspapers 1.37 2.93 2.03 8.34% -0.55%
6 Lumber, Wood Production 1.37 2.96 2.03 5.04% -0.86%
7 Residential Construction 1.37 2.96 2.04 4.94% -0.48%
8 Resorts & Casinos 1.31 3.05 2.04 4.75% -1.66%
9 Office Supplies 1.39 3.01 2.07 5.49% 1.52%
10 Movie Production, Theaters 1.46 2.97 2.09 3.67% 1.27%

Personally, I want to sell short Pacific Coast banks on a bounce, specifically PACW, PCBC, NARA, EWBC and CATY. And, I want to revisit my “fuck commercial Re” thesis, through sales of KIM, EQR, UDR, VNO, TCO and just plain O.

[youtube:http://www.youtube.com/watch?v=uirHqHbLJck&feature=channel_page 450 300]

I am done for the day. I nearby went to 100% cash. I will think this market through this evening, over a warm cup of Earl Grey tea, indeed. In the meantime, BEHOLD, “The Fly Show” episode #1.

Enjoy.

NOTE: Here is the post, pertaining to this clip.