I am 99% sure the market will goose step higher in November. However, before we can enjoy such fascist behavior, we need to finish up October. With the Presidency nearly guaranteed to Obama, Wall Street needs to price in shit, such as higher taxes.
Did you know, during the great depression, taxes went from high 20’s to 70% for rich folk? Perhaps we will get to enjoy such draconian measures, sometime soon. After all, fuck the rich guys; let’s help the homeless.
With my money, I sold 1/4th of my [[SKF]] position, north of $155. I didn’t do anything with the proceeds. It’s sort of just sitting there, doing nothing. Also, I was quite pleased to see National-Oilwell Varco, Inc. [[NOV]] crush numbers. In a normal tape, that fucker would be up 25%, right now.
I repeat: I am not selling ANY National-Oilwell Varco, Inc. [[NOV]] and The Mosaic Company [[MOS]] , at these levels. Fuck that.
And, finally, you fuckers need to bring cogent ideas to the comments section. It’s become some sort of mob hangout, where imbeciles run around naked—each trying to “outidiot” one another. I can’t say I am surprised; but for fucks sake, show mercy on the people with IQ’s north of 90.
Finally, I do not trust this market. I think it is imperative that one stay long, with protective shorts. For example, long Freeport-McMoRan Copper & Gold Inc. [[FCX]] and short the underlying metal, via [[BOM]] . Into strength, I will continue to add to [[SKF]] , hopefully sub $150, until I am fully hedged.
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