So, thanks to a plethora of overzealous bankers, coupled with credit card dependent dreamers, we get a bear market.
Am I missing something?
As a result of the criminal lending that took place, RIMM, AAPL, VMW and the entire fucking DOW is going down the empty elevator shaft.
Some of my ‘smart friends,’ who are bearish, point to the huge miss at JCP. I replied: “who the fuck shops there anyway.” I guess the same fucktards who bought a $750,000 house, with an annual income of $75,000, who is about to get foreclosed on.
Looking at the financials today, I feel like throwing it all on the kitchen floor, then burning the house down.
Big losses are abundant in NFI, DSL, FED, CORS, CCRT, LAZ, MS, etc.
Across the board, there is carnage amongst momentum stocks, like VMW, EJ, POT, CF, RIMM, DRYS, TNH, etc.
In short, I find it increasingly dificult to fight this tape. As you well know, ignorantly placing long trades, over the last 4 years, has led to “big dicked” gains.
However, the longer this shitbox of a tape continues to melt its most fervent longs, the greater chance it will continue to slide.
I bought a little stock today, but nothing meaningful. Should this trend continue, I suspect “The Fly” will turn foamed mouth bearish, looking for the next CWTR to shit the bed.If you enjoy the content at iBankCoin, please follow us on Twitter