Today’s melt up, erased Friday’s melt down. Quite gay, if you ask me.
Much to my chagrin, crazy people continue to press their bets in banks stocks, causing swift annihilation for holders of [[SKF]]. Despite ridiculously bad economic news, market participants are painting the pig with gold—snapping up asshat stocks like [[KBH]], [[PHM]], [[BAC]] and [[WM]] in size.
The downside of all of this optimism is a Federal Reserve let down. If so, prepare to die a very “unglorious” death, at the hands of filthy old bearish guys.
Quite frankly, I hate bears. As a matter of fact, even though I am bearish, I still wish all perma-bears a unique death, similar to the one’s featured in Final Destination.
On the long side, “The Fly” managed to pare some of his stubborn bears bets with gains in [[RIMM]], [[CLX]], [[GME]] and [[GD]].
In short, I am not willing to go “all in” on the bear side, especially ahead of an FOMC meeting. Additionally, throughout time, the market always seems to find a way to fuck the bears.
Lucky for me, I own a time machine. Therefore, I do not need to wait for “time to tell” anything.
Off to prepare several 2 1/2 inch rib eyes.If you enjoy the content at iBankCoin, please follow us on Twitter