You can’t make this shit up, even if you tried. “The Fly” is just minting new money, on a daily basis—sort of like the U.S. Treasury minus the fucking homos.[[MXB]] announced a secondary; the stock is eating pavement. Oil is gapping lower, effectively pile driving commodity stocks, with exception to [[RIG]]. [[SMN]] and [[DUG]] are sprinting higher.
And, last but not least, [[CLF]] is being raped.
Thus far, I am up 2.5% for the fucking morning.
If the market can’t climb on oil being bled like this, there is no hope. My guess, there is some sort of bounce in the making. With my money, I want to be short the basic resource sector, long rig makers, while cash rich.[[AA]] is reporting after the bell. They will miss, mainly because they are loosers [sic].
Oh, by the way, now we know why [[VMW]] had such a big short position.
Finally, I want to short all the industrial and basic resource stocks. All that stupid shit that makes up the ‘global growth’ story. I want to sell [[CAT]], CLF, [[X]], [[PCX]], [[TEX]], [[VMC]] and the whole gambit, if I may be so bold.
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