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Great day for the bears in burlap shirts.

Let me tell you, there is some fuckery going on in this market, with funds manipulating the tape, everyday, 10 minutes to the close. What kind of shit is this?

There is no way everyone decided to sell off of the benign news out of General Electric Company [[GE]] . The SEC is a piece of shit and they are too busy sucking the cocks of our political leaders, than pay attention to what is going on in the trenches. Assholes, your fucking market is broken. This is not the way equity markets are supposed to work, unless of course you are trading in Africa.

Mid-day, I was up more than 10%, but due to the late day robbery; I ended up 3.45%. All of the gains in [[UYG]] gone. Poof!

Normally I’d say this is terrible news for bulls. But, I am telling you now, that was not real. It was a bunch of homos, probably hanging out in the perfume section at Macy’s, driving stocks lower, in order to save themselves from further redemptions.

I want these faggots arrested and throw into a Vietnamese pit filled with alligators.

Top picks: National-Oilwell Varco, Inc. [[NOV]] , The Mosaic Company [[MOS]] and [[UYG]] . Fuck you.

The 50 basis point cut by the lunatics at the Federal Reserve is daring inflation to come back. The Fed is spitting in the face of those who drill for oil or make potash.

If history has taught us anything, it is that they (The Fed) are always wrong.

I am not an inflation hawk. As a point in fact, I chuckle, not laugh, at those who think the U.S. is in some sort of weird inflation era.

Wrong.

But, at the same time, the deflation ghouls have overshot to the downside, via pecking away at commodities and their related equities.

So, into this orgy of free money, I want to stay long the names that have been cast aside by margin players, at least for awhile.

CF Industries Holdings, Inc. [[CF]] , The Mosaic Company [[MOS]] , Potash Corp./Saskatchewan (USA) [[POT]] , Agrium Inc. (USA) [[AGU]] , National-Oilwell Varco, Inc. [[NOV]] , Transocean Inc. [[RIG]] and Arch Coal, Inc. [[ACI]] all look attractive.

Following an 11% day, don’t be stupid and buy big here. Wait for a pullback, as much as 5%, then consider taking a position.

These grotesquely deformed men are sweating in their burlap shirts, as the market slowly melts higher. What scares them is the “fuck you, you’re dead” move in commodity stocks.

As you know, people who short stocks, after the market craters 25%, are well deserving of having all of their coin taken from them. These people are worthy of insult to injury afflictions too. May their brokerage accounts go to zero and their bullshit bachelor pads be burglarized, all in the same day.

With the Fed meeting ahead, I would not want to be short equities. The text book says, we rally until the the monstrous faces of bearshitters are ripped off with old pick axes.

Also, brave men, like Vince Farrell, are calling bottoms on CNBC. This, as you know, is an excellent omen.

With my money, I am buying small lots of [[UYM]] and [[EEM]] . My cash position is still north of 20% and my gains are extraordinarily bountiful.

Forget about the pending doom and prospects of another great depression for a moment. Let’s imagine the world was not in a perpetual spiral down to nothing and people/businesses were still interested in partaking in commerce, instead of just giving up and closing up shop.

What stocks have been hardest hit by the unwinding/going out of business sales by money managers?

Answer: commodities.

Let’s assume that massive deflation does not grip the Unites Steaks of America. The recession will hurt; but, eventually, asset prices will rise, mainly due to the Fed throwing freshly minted money at problems.

Things looks really bad now, as they did during the lows of 2002. I remember feeling a sense of hopelessness in the markets, with no chance for equity prices to rebound back then. My colleagues and I would make fun of the Nasdaq’s crash course, by comparing the levels to actual years on the calender, and what important shit happened during those years. We’d relish at the thought of the Nasdaq going back to “Roman Times.”

I made a living on bonds, preferred stocks and select regional banks, which for some reason outperformed back then.

Then, with the help of Greenspan cutting rates to nearly nothing, coupled with some stimulative tax policy, the market turned on a fucking dime and went straight up in 2003. I made several hundred percent on my money in ’03, getting long egregious quantities of semiconductor names.

This is the point:

The low percentage bet is to position for a total bust. It is so rare; one would have to be a fucking imbecilic moron to think it’s going to happen, no offense to ordinary morons.

The Government is reflating like a motherfucker and it is not hurting the dollar. Therefore, there is a distinct possibility the markets and economy can run and run hard, in anticipation of a late 2009 rally.

Just like in ’03, the markets will go higher, far before you read positive headlines, regarding the economy. There comes a point where the bad news is shrugged off and stocks run anyway, due to an increased level in investor confidence. It feeds upon itself.

In short, you want to get long the names/sectors that have been tossed aside by failed funds and distraught investors, such as oil, ag, tech and even some biotech.

My favorites, for now, are in the commodity sector.

Here is a list of the highest rated commodity plays, courtesy of “The PPT“:

TOTAL S.A. (ADR) (TOT: 52.67 +3.80%) 3.7
Chevron Corporation (CVX: 71.50 +2.11%) 3.68
Exxon Mobil Corporation (XOM: 75.65 +1.06%) 3.47
Eni S.p.A. (ADR) (E: 42.83 +4.31%) 3.46
BP plc (ADR) (BP: 47.41 +1.91%) 3.45
ConocoPhillips (COP: 51.46 +3.56%) 3.29
Manitowoc Company, Inc. (MTW: 8.93 -15.03%) 3.59
AGCO Corporation (AG: 27.95 +4.21%) 3.45
Joy Global Inc. (JOYG: 23.98 -0.79%) 3.44
Precision Castparts Corp. (PCP: 58.82 +9.21%) 3.17
National-Oilwell Varco, Inc. (NOV: 27.34 +7.26%) 3.43
Natural Gas Services Group, Inc. (NGS: 11.89 +2.41%) 3.41
Baker Hughes Incorporated (BHI: 32.97 +5.98%) 3.24
Lufkin Industries, Inc. (LUFK: 46.38 +3.43%) 3.21
Smith International, Inc. (SII: 31.15 +4.67%) 3.17
FMC Corporation (FMC: 38.46 +8.49%) 3.36
The Dow Chemical Company (DOW: 24.94 -0.20%) 3.31
E.I. du Pont de Nemours & Company (DD: 31.02 +0.94%) 3.1
Syngenta AG (ADR) (SYT: 33.83 +2.67%) 3.25
CF Industries Holdings, Inc. (CF: 53.79 -0.68%) 3.23
Potash Corp./Saskatchewan (USA) (POT: 74.76 +7.29%) 3.23
Terra Industries Inc. (TRA: 19.33 +5.57%) 3.17
The Mosaic Company (MOS: 31.56 +5.27%) 3.07
Sterlite Industries India Limited (ADR) (SLT: 5.01 +3.30%) 3.3
EnCana Corporation (USA) (ECA: 46.24 +5.79%) 3.63
Occidental Petroleum Corporation (OXY: 50.92 +2.45%) 3.54
Cabot Oil & Gas Corporation (COG: 28.49 +3.90%) 3.4
Questar Corporation (STR: 28.77 +0.66%) 3.34
CNOOC Limited (ADR) (CEO: 65.39 +3.22%) 3.28
Devon Energy Corporation (DVN: 73.21 +4.24%) 3.11
Apache Corporation (APA: 74.28 +3.24%) 3.08
Alcoa Inc. (AA: 10.58 -1.86%) 3.34
Murphy Oil Corporation (MUR: 46.35 +3.23%) 3.32
Imperial Oil Limited (USA) (IMO: 32.17 +3.77%) 3.28
Hess Corp. (HES: 53.25 +5.42%) 3.08
Sasol Limited (ADR) (SSL: 25.71 +3.34%) 3.01
ENSCO International Incorporated (ESV: 37.99 +0.58%) 3.61
Noble Corporation (NE: 28.72 +5.12%) 3.5
StatoilHydro ASA (ADR) (STO: 18.42 +5.02%) 3.34
Diamond Offshore Drilling, Inc. (DO: 81.93 +7.44%) 3.21
Gulf Island Fabrication, Inc. (GIFI: 17.66 +0.11%) 3.15
Petroleo Brasileiro SA (ADR) (PBR: 22.80 +1.33%) 3.15
Unit Corporation (UNT: 33.00 +5.26%) 3.15
Helmerich & Payne, Inc. (HP: 29.37 +4.71%) 3.04
Pride International, Inc. (PDE: 15.58 +3.04%) 3.04
BHP Billiton Limited (ADR) (BHP: 35.50 +4.84%) 3.59
Yanzhou Coal Mining Co. (ADR) (YZC: 4.93 +0.61%) 3.33
Teck Cominco Limited (USA) (TCK: 9.80 +6.75%) 3.13

Angelo Mozilo, Rich and Retired, CountryWide Financial

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“The Fly” was dutifully rewarded for sticking with his gut feeling today. Gains of more than 10% were bestowed upon Senor Tropicana, much to the chagrin of egregious bearshitters. From [[EEM]] , to The Mosaic Company [[MOS]] to [[ROM]] to [[DIG]] to [[M]] to National-Oilwell Varco, Inc. [[NOV]] , I banked fucking coin today.

The bears, hell, they were busy stepping in murder holes all day, as the sharp blade of Mother Market turned on them like an bedeviled sociopath, slashing their nuts off.

They received, without a doubt, the ominous “Black Flag” of annihilation.

Mark my words: this rally will stick and stick hard, spilling over into Asia tonight, then Europe tomorrow. My guess, this was the bottom, fuckfaces.

Enjoy it and be sure to thank “The Fly” for his steady hand, during these tumultuous times.

NOTE: “The Fly” wins again.

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NOTE: Devildog is in the front of the boat.

As you know, “The Fly” is “embedded” in his belief that the market needs to punish, and torture, short sellers, who have over stayed their welcome. While it’s true, the market is gayer than a three legged statue of Dennis Kneel; the shorts will die anyway.

I fucking traded the bear markets of ’97, ’98, 2000-2002; it does not go straight down, assholes. Learn your history, before stepping to Plutonium Petey.

Much to my chagrin, National-Oilwell Varco, Inc. [[NOV]] can’t get out of its own way, thanks to a few rig cancellations at Transocean Inc. [[RIG]] . The mind numbing decline in commodity based stocks is equal to shooting howitzers in the face of overzealous hedge fund managers, which is a good thing. However, lots of retail pikers got taken down too.

All of this carnage has resulted in massive mistrust on Wall Street. The mistrust is causing stocks to nosedive lower, as if the world was about to get sucked into a fucking blackhole.

But, this mind set will flip on a dime, once we get a sustainable rally. Any rally lasting for more than 3 days will set off an uncontrollable wave of panic buying, which in turn will make bearshitters cry and pray for respite.

There will be no quarter for you short selling homos, only the ominous, yet Godly, “black flag.” We will take out your entrails and give them to our children to play “tie up the bad guy.” We will milk your bullshit brokerage accounts for all of its value, effectively putting you in a very bad homeless situation.

In closing, “The Fly” is at the wheel of the SS Titanic and he is not turning back. I will drive through that fucking iceberg, as if it were made from marshmallows— and toss cantankerous bearshitters into the shark infested waters below.