Instead of buying stocks up here, go play with small sticks of dynamite or hand grenades. Take the pins out, wait 3 seconds, then put them back in. It’s fun and nerve racking, at the same time. Just be sure to powder your hands up, prior to taking on this endeavor.
Look, buying up here is equal to declaring the Dow and S&P will be down, less than 5% for the year. Stranger things have happened, but in my book that’s plain ol’ chicanery.
When shit is running, the rookie move is to jump in at the top and end up getting your fucking legs and arms blown off, by a failed “pin reentry,” via slippery hands.
There is no way we end 2008 down less than 10%. So, with that in mind, get drunk and feel free to short [[LEH]], with the courage and bravery of a lion in a chicken coop.
However, seasonality is on the side of the bulls. Often times, even in bear markets, the indices advance during April-May. So, be prepared to live on edge, if you are short here—for about a month.
After that, during the summer, you can kiss this fucker (market) goodbye, as big money walks away from the asshattery, leaving assholes in their place to eat pavement.
Top pick: Short LEH.If you enjoy the content at iBankCoin, please follow us on Twitter