Short BP

Now that everyone knows that Simmons deserves Asshat of the Year, Hayward is gone, BP is not going bankrupt, and that oil is dispersing into the sea, I’d say that there is little good news that can propel the stock higher. They are still selling assets off like they are dying. With the stock closing the gap at 40.70, I’d say its a good short here. You really think BP is going to come out of this looking good?

Currently Trading 40.46.
Disclosure: Short from 40.26

You’ve never had an idea in your little head that wasn’t put there by someone that is out to fuck you over. No wonder most of you are bullish, because they are selling to you. You are looking to 1220, but little do you know that you need to watch for the homo with hammers. Why are buying dips in a bear market, you dumb fuck.

You make these guys look like good traders:

Choo Choo, mother fucker. This homo and his hammer is hiding out in the 1121 -1124 range. Many have gone up to see him but are unaware that he is an angry bastard likely to take his hammer out and bash their brains in. Question is whether our little homo can be overrun by the reglious right praying from a Republican victory in November, or if the homo come out with his friends and start laying hammers all over every head they can get their slimy hands on.

Expect the worse; no need to take a nine pound hammer in the head or a nine incher up the bum… Look what happened to this guy: http://en.wikipedia.org/wiki/Phineas_Gage

Cheers,

Turd

Did you feel it? Did you like it? Today’s homohammering brought to you by this guy:

UPDATE: 1PM. Homo looking for his hammer. Market begging for it.

It’s been some time since we’ve had ourselves an Asian probrem. I’m not saying that Asia hasn’t had a probrem during the last few years but I don’t know if the news people (and thus 99.9% of public) have come to recognize what those little people face. We observe that news seems to move in cycles. We had our time in the limelight, then Europe; what’s next?

I’m thinking we’re going to start seeing fear out of Asia. Aside from the Chinese Probrem (bullshit numbers, building up ghost towns, an unaudited private sector(see NEP)), Japan has some serious probrems. For instance, their base rate is .1%, now yields falling below 1%, currency being driven up, and the Nikkei is teetering completely unable to participate in the bullshit rally we’ve had in the past month.

With the yen on fire, you know what that has in store for your favorite index, right?

I give you, the next Xu to drop; Yapan.

I’m not going to sit around and play babysitter to a market that doesn’t move more than 30 ES handles every 24 hours. Thus, until friday, when shitty action will become asspounding homohammering death to every asset class, I will not be around.

I am still short NFLX and Long AAPL. I have to buy some fucking SPY calls soon unless they realize they have no business trading where they are. No plans on trading until Friday. Oh, why the fuck not: throw a little TZA on there too. Fucking piece of shit market.