So Cramer says it’s time to buy “early cycle stocks,” like shitty retailers or banks. He exclaims: “the worst they are, the better.”
I must admit, the recession of 2008 was plain ol’ vanilla gay. I mean, it had no teeth. During the entire recession, I witnessed only one soup line and three boarded up buildings. Other than that, my neighbor’s kept buying shit, without fear of job loss or house depreciation.
God willing, the next recession will bring some ol’ fashioned homelessness.
Bring back the soup lines and the low-end dock jobs.
Anyway, with regards to this market:
Following yesterday’s terrific bounce, I expect to see follow through. However, unlike other ‘tards, if I were giving advice to people who actually invested real money, as opposed to excess cash—post cocaine expenditures,Â I’d suggest buying stocks with good fundamentals, such as [[CLX]], [[RIMM]], [[GILD]], [[FMCN]] or even [[VLO]].
Currently, as you know, I have a gigunta cash position, with a decent sized short position in the financials, via [[SKF]].
Listen to me: I will live this trade. I will not walk away from killing a few “early cycle” bank plays. My game plan includes sitting around, drinking some Monster Energy soda, taking short naps, going for egregious walks, then nibbling at SKF—until the banks fuck themselves, again.
Waiting for the proverbial “shoe to drop,” if you will.
Aside from that, I hate [[DECK]] and the assholes who buy their boots. I shoulda, woulda, coulda covered my short yesterday, when it was down $17. However, now I own the bitch, for better or for worse.
Finally, I may try my luck on a few long side trades, specifically within financials, despite hating them. I might hedge my hedges with [[UYG]] or worse [[SAW]].
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