You could hear a pin drop in the 9th floor, as my mood sours considerably throughout the course of today.

Despite calling for this September rally – even dropping my cash position by 10% allocated to BAS – I find myself on the outside of it, looking in. Only my silver position is really making me money.

BAS sold off hard before the rally got underway, and despite an impressive 20% rally inside of 5 days (brutally raping all short sellers and their fan-boy option cheering, money losing methods) that puts me at about break even in the position. I obviously should have jumped in for an average down buy; but I wanted to keep a 25% cash minimum and still do.

I could still enjoy this rally, if it weren’t for the fact that my REITs just don’t seem to want to participate in it. AEC and CLP are both sucking wind here. If I weren’t so thoroughly committed to the idea, I’d drop them just for infuriating me.

AEC is obviously not rally material. This is a face ripping risk on rally. REITs are for the “panic” positions of deflation-gripped terror we found ourselves in 2 months ago. AEC cannot rally as they are only making boatloads of money with absurd levels of occupation not seen in apartments in the past 100 years.

Should we start to sell off, that all changes. Then, AEC wouldn’t be rally material for a whole other host of reasons…

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There are evil and mysterious forces about – like one highly transparent Mr. Scott Bleier – who believe that AAPL is a mispriced and overvalued company.

Through their relentless barrage of “facts” – like AAPL is overbooking unrealized sales from new products – they aim to dislodge you from buying and holding forever the greatest company on Earth.

This is unacceptable. If you were to stop buying AAPL, it would look bad for all the analysts who have it permanently rated a buy. Also, AAPL’s market cap is, quote, “cool”, and I want to see how high we can get it. Plus, if you stopped buying AAPL, you’d be forced to draw your head out of your ass, and might actually start buying some of these highly undervalued stocks – please refer to my entire book, which is sucking it up here.

I must defend you from these brazen villains and keep my stocks cheap – I absolutely hate making money.

You see, your theory of a “cheap AAPL” is perfectly vindicated. Men like Scott are not counting on AAPL’s culture of absolute ingenuity. I have it on good faith that their latest creation will secure the ENTIRE smart phone market, ending what we may refer to as the “GOOG Exodus”, while simultaneously making good on Steve Jobs’ dying wish to hurt the Google heathens.

AAPL has undergone secret research into Poincare geometry to learn how to curve space.

Upon its release, the iPhone Singularity will transform the near radius of roughly 10 feet in every direction of it into a highly elliptical space, trapping the holder permanently. Every path will lead back to your new iPhone, where you will have little choice but to live time blog about your experiences, while ordering pizza’s from secured AAPL vendors to be tossed carelessly into your hole.

“The iPhone Singularity: Once You Pick One Up, You’ll Find You Just Can’t Walk Away From It…”

The marketing genius surrounding this strategy is undeniable as it will free AAPL from any form of competition ever again. Moreover, they will strew their new toys around Google’s headquarters, inverting gravity, and launching that bullshit organization out of the known universe – where it will presumably never harm Apple again.

Based upon this top secret R&D information I have secured, it is pivotally important to purchase AAPL at every tick between here and $1,200, while ignoring the wicked and ignorant bias of one, “Scott”. It is your duty and right to become rich from buying AAPL, while neglecting pretty much everything else.

Sally forward, ladies and gentlemen.

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Despite the mid-day collapse, my portfolio still managed to squeeze higher, on the backs of everything but AEC (which God himself has cursed).

Resting with 25% cash, I cannot say I am too concerned with the prospect of continued weakness. However, I find myself rooting for further upside here – why not, let’s really live up the “hope trade”? Winter is coming, people, and with it will come renewed calls for “a bottoming process”.

Everyone fell for it for the last two years, why not again? As soon as winter holiday activity blips, analysts will be tripping over themselves for forcasts growth in everything from housing, to retail consumption, to manufacturing activity.

It is odd, no, that we have come to talking incessantly about growth in the winter?

The situation warrants close monitoring. I’ll give the prospect of a rally a little longer to materialize.

Meanwhile, oil is getting ever closer to feeling the first pinch of my bite. Soon. Soooooon.

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Please pardon my lapse of delivery with the goods, but the more I delve into the water space, the more I come back to surface carrying what you might call “real pieces of shit.”

These companies, particularly the ones associated with fracking, are all in rough shape – in large part because of the pure natural gas fracking companies themselves pulling back on production when natty prices collapsed.

Also, it’s the water space, so regulations abound and bad balance sheets are easy to find.

I was already aware of some of the issues from my earlier investment in AWK (which was something of a gold speck in cow manure). But I had not expected it to be this bad.

In some cases, these companies are teetering on bankruptcy. But seeing that, I’m disinclined to short any of them because there seems to be some M&A consolidation sweeping through the industry.

At any rate, I will continue to research the issue, but don’t feel like declaring anything more concrete yet.

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I take exception to the idea that today was a simple flat day. It felt like anything but to me, as every stock I owned was so good as to crumple like a pigeon getting blasted with a shotgun.

Today’s level close seems more a product of stocks pulling hard in opposite directions rather than any form of greater, orchestrated trend.

Now, I am most unsure of where things are; which is why I insist on holding such a large cash position.

Should we begin to run lower, I will feel the pain; most severely that it will come. Stocks like AEC, CLP, and CCJ will be mutilated without second thought by the weak people who hold them. They have not so far shown any resiliency in the face of adversity, and I don’t expect bravery from these cowards now.

I was very pleased with silver’s action today. A clear bottom is being set it, and it appears that weakness has been tempered by the heat.

Now I am setting off to the world beneath, to return home for refreshment and relaxation.

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This is just a post dedicated to me throwing in the towel on my prior prediction that market turbulence would force an IPO delay. The FB IPO has conquered this market, at least for the time being.

I do not brush dumb things I say under a carpet. I will be hanging my head in shame this afternoon.

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