That was one fuck of a bullshit trading session. For the most part, everyone but “The Fly” lost, as mental illness infects the trading robots at the NYSE.
At the end of the day, I feel confident that the wheels will fall off that stupid Chinese wagon. It’s nasdaq 5,000 all over again.
In time, the Chinese exchange will have a 3 handle, deservedly so.
Aside from that, the financial bulls got their fucking heads punched off, led by dumb guys at C and WM.
Let’s just say it: WM is going under.
In closing, “The Fly” demands you get market neutral or bearish. Don’t be stubborn with your positions, else you’ll wind up like the tanned one at CFC.
Right now, I will keep big positions in VMI, MVIS, GD, RIMM, AAPL, FXP and SKF. And, I may take out some short positions on both BSC and LEH, tomorrow.If you enjoy the content at iBankCoin, please follow us on Twitter