Everyone is piling into homies, financial and tech. The credit crisis has ended and investors are putting cash to work.
The only problem: people are losing their fucking jobs.
Don’t take your eyes off the employment picture son, else you will end up being foreclosed on. An ironic twist of irony, indeed.
So, with everything gapping higher, I like my chances going short here. Look for max pain, for the shorts, at around 12,800. I will be very aggressive with my downside bets, up at those levels.
During the day, I had some “space alien magician” buys and shorts, not worthy of repeating.
Just be at ease knowing, “The Fly” is smarter than you and will end up making far more in this market, than most of you combined.
Finally, going short ag stocks here may work, even in an up tape. Much of the bull case here is deflating commodities, while inflating banks. So, I can see a scenario where stocks like [[POT]] and [[MON]] trade lower, despite the market melting up.
NOTE: Fuck everyone on CNBC who said the word “bottom” today.
NOTE II: I love this post, for a multitude of reasons—particularly the hastily manufactured photoshop. Not too much different than the “hastily” priced [[BSC]] deal.
Holy Shit Warning: VLO guides Q1 EPS $0.10-0.35 vs $0.91 First Call consensusIf you enjoy the content at iBankCoin, please follow us on Twitter