This market has QE priced in at irresponsible multiples, meaning that if there is no news tomorrow, (I didn’t say “bad” I said “no,” bad is a whole different story), that there is a drastic cliff of downside. You ever hear, “Take the stairs up and the elevator down?” That is what I am talking about here. I again, was expecting more of a rally today, especially in the Nasdaq. Why, because ORCL’s earnings yesterday, MSFT’s tablet, and the fact the ADBE had earnings out today. Thus I bought QQQ, and at the end of the day my book is fiercely in the green, however QQQ is break even. ADBE beat, but it advised lower forward looking multiples based on European exposure. Just can’t get away from those assholes. So if tech is not a safe haven, where is? I like a few names that I have kept in my book no matter what AABVF, HDSN, AAPL, and PMM. I’m actually going to be looking to buy more AABVF here. The only saving grace would be some kind of hint toward QE.

Do we need it at this point? Probably not, but the problem is that everyone has it priced way the fuck in. Just like the assclowns that gave 10x forward looking EPS numbers on ZNGA, while also giving no consideration to the impending income statement liver punch that was stock based compensation. Be seriously fucking cautious here. The riskiest shit I own here in order is short ZSTN, and long QQQ and AAPL. Not all that risky right? I’m up 1.8% on the day, but am still trying to gain back April and May that ripped my YTD returns in half. This is an absolute confusing shit storm, as Scott and I discussed earlier today on Twitter @createcapital. I am going to say this one more time, be careful, who knows what happens at the Fed meeting tomorrow. Better to ride it out in cash then bet on the bivalve, no?

I leave you with this, this assclown today wanted to take my parking spot and my car is having problems with the alarm shorting. So I was trying to pull th battery and this fuck stick rolls up. He is driving a brand new Lexus, with blacked out lights, the car is grey, he is blasting the wackest Rap/R&B bullshit, thus adding to my frustration. This guy is white as fuck, in a brand new $60k car, that has stupid ass $8k wheels on it. I looked at him like he had a dick growing out of his forehead, and said I wasn’t leaving. I was on the phone with @theDrBigBoss and though this pissed me off he made me laugh “don’t get mad dude! I love clowns like that! I just want to tell them thank you for being a clown and entertaining me you fucking moron!” Moral of the story, I am trying to laugh at people more instead of getting mad.

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