Fly Sells: TBT, C, FAS

I sold out of my C position, for an egregious loss. I sold out of the little FAS I had left, for a loss. And, I sold out of my entire TBT position, some at a loss—some at a gain.

In other words, I’m taking off the long side hedges.

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I bought 5,000 EEV @ $53.65

Disclaimer: If you buy EEV because of this post, you may never get rid of your addiction to leveraged etf’s. And, you may lose money.

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Quit embarrassing yourselves, you fucking idiots. All of a sudden 2009 comes and you think the appetite for risk is back? What kind of crack/cocaine blend are you smoking? I bet it’s the good stuff, with very little additives.

Look you, China’s economy is collapsing. I’ll say it again, China’s economy is collapsing, not just pulling back. They are the factory for the world and their domestic economy, led by former farmers with a pitch forks in hand and shit on their shoes, is as broken as a debit card from Bernie Madoff’s brokerage firm (rim shot!). Okay, enough with the Madoff jokes already.

All of their (China) recent output and consumption data is pointing towards recession, not 9% growth—you fucking faggots.

Over the past 16 months, investors, worldwide, have been depleted/relieved of their capital, in a very rude/abrupt fashion. As a result, we now have billionaires jumping in front of speeding trains and thousandaires shooting howitzers shells at their faces. And, all of a fucking sudden, in the miracle of all miracles, you believe the Gods have bestowed a “generational stock market bottom” on us, in the form of President Obama and his magical job creating microphone. You believe his microphone will suck the pants off of you, if you just, well, believe— hard enough.

You say to yourself: “I believe it will, oh Lord Obama. I believe that a change is a comin’ and Bill Miller is a gonna be right buying asshole stocks, in 2009. I believe.”

Then, much to your chagrin, a few jerkoffs from Brooklyn snatch your chain and wallet, while your busy praying to a statue of a Chinese coal factory.

The good news is: as always, “The Fly” will end up being right.

The bad news is: you’re not qualified or capable of staying in this business of investing.

Let me clarify.

If you are “day trading,” you’re a loser anyway. Therefore, I don’t even bother spitting in your general direction. See day traders are like little vultures flying above, waiting for a snack, while the lions below “eat their share.”

On the other hand, some of you punk investors are entrusted with vast amounts of coin, via clients, family trusts or through others means—maybe mafia related. Who knows? Anyway, you just can’t help yourself, buying stocks all the time—can you?

You suffer from a mental disorder and need to seek therapy right away.

Look, I’m sick of making my point. I’m really fucking busy right now, planning to chop off the heads of a few bad oil/gas names. Do me a favour [sic], good Sir, and go fuck yourself.

Happy trading!

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[youtube:http://www.youtube.com/watch?v=O_TjBNjc9Bo&feature=channel_page 450 300]

Thoughts?

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Obama upped his job creating skills from 3 million to 4 mill. Hell, if i was President, I’d create like 200 million jobs. This guy is some sort of fucking loser.

Some punk Korean blogger was arrested for talking shit about Korea’s economy. Good for him. If I was the President of korea, I’d give him the electric chair.

Rumors are spreading about Citi being “forced” to sell Smith Barney. The real question is: who the fuck is going to buy them? ROFLMAOASFDRGHSRGTFGHDFGSDF!!!!

In all seriousness, I’m sure the Government will give Morgan Stanley some dough so they can eat Smith Barney.

No one has money, except internet assholes. People on the internet seem to think the economy will not affect them. I got news for you fuckface, it will, indeed.

Mr. Cramer said the market didn’t go down last week. Apparently, he was looking at his charts upside down. I love it when lame propaganda gets obvious to the dumb guy. Even some people I know, who worship Cramer (don’t ask why), think he’s full of shit. Moreover, they’d like to throw stale jelly donuts at his limousine, if given the proper introduction.

Finally, we have over 8 million part time workers in America. God only knows how many illegal Mexicans are out of work. Poor little guys, with their sombreros and chihuahua dogs.”The Fly” does not feel sorry for them; but Senor Tropicana does—let it be known.

One thing is for certain, as a matter of fact it is resolute, the new stimulus plan will be a great boom for Mexico.

Update: The Krullster

[youtube:http://www.youtube.com/watch?v=00RYIIgpqiY 450 300]

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[youtube:http://www.youtube.com/watch?v=2S1j2FrKGBU&feature=related 450 300]

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“The Fly” has a multitude of events to partake in, prior to the markets close. Therefore, this will be my closing comments for today’s session.

There is support for crude around $40 per barrel, which, incidentally, is grossly irrelevant to the share prices of RIG and NOV. Basically, the crash of crude has already ripped the arms off of NOV and RIG. You cannot ask them to throw the ball around anymore, since they have no fucking arms.

I refuse to cover any of my short positions, namely XOM, NOV, KIM, VNO and HANS. I am fully aware of the prospects of a government sponsored rally. I guess, when it’s boiled down to a fine reduction, I just don’t have as much faith in the government as some of my bullish counterparts.

With that being said, I want to sell short everything Guy Adami recommends on Fast Money. Clearly, he is a man with a pervasive mental disorder, called bullshititis. I’d like to “rambus” my way all the way down to 700 s&P, if you know what I mean.

Basically, the volume is tepid and the underlying tone is bullish. I would not be surprised to see the market close up today, at least on the Dow, since the bears lack the internal fortitude to press their blades.

For now, the market is being led around by oil. Where XOM goes, so does the market. As far as I’m concerned, time is on my side.

UPDATE: Before I left, I bought 1,000 DVY @ $39.94, 2,000 AKAM @$15.40, 300 SRS @ $55.65 and 500 EEV @ $50.42.

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I bought 2,000 EEV @ $51.10.

Disclaimer: If you buy EEV because of this post, the government will mandate that you let homeless people live in your basement. And, you may lose money.

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I see mustard seeds everywhere. You got to love free market capitalism, despite it not being here folks. I predict a panic buying spree. You got to make love these mustard seeds. They’re great. Folks, you just got to do it.

-Larry Kudlow’s mafia clothes

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I’m not cracking the champagne bottles, due to my shorts are working this morning. Fuck, for all I know, this market can spin like a Tasmanian Devil—upwards—into the close.

What I do know: gambling on big event economic data is a suckers play. Sure, from time to time, it’s cool to roll the dice and get on the right side of the trade. There is no better feeling than nailing a controversial pick, no?

But, I must say and insist, gambling in this market is foolish. We’re up too much too quickly to be levering up long, hoping for more.

I remember when the dot com bubble burst in 2000; I believe it was March, to be exact. I knew stocks were ridiculously expensive. As a matter of fact, I was in 100% cash, just prior to the collapse—sometime in April. However, seeing the market go up everyday, watching my colleagues bank millions on asinine dot com ideas eventually got to me and forced me back into the market—just in time for the fucking crash. I was young and overzealous.

I could have been a fucking hero. But, instead, I ended up being like all the other poor losers/saps, getting poleaxed by panic selling. I will never forget those lessons and will punch it into your fucking heads, if you choose to ignore these warnings.

In other news, PALM and DRYS are off to the races. It really is a non-event. They are not leaders. Ignore them.

Let’s talk about important shit:

Oil cracked $40. It cracked $40, despite a weak dollar, because the world economy is grinding to a halt. And, my guess, there are lots of asshole speculators out there who have been storing oil or long contracts, waiting for a higher prices. As the price action deteriorates, those fuckers panic sell crude.

Ignore the eps warning at CVX , if you must. But, there will be many crude warnings to come and cap ex budgets will be slashed. It is a dead sector, regardless of the price of crude. That damage has been done.

There is strength in select banks, like GS and MS. However, if you are long those names, I’d suggest taking a profit.

By the way, the main distributor for HANS, old Budweiser, has begun selling its own energy soda, called 180. This is a fucked up thing for HANS, since BUD places it right next to Monster, on store shelves. I think HANS can be shorted here. However, keep in mind, it is always a takeover play.

Finally, my shorts in XOM, NOV, KIM, VNO and HANS are working well, for now. As for my longs, they are doing poorly. However, with all of the 200 and 300% levered etf’s (SRS, FAZ, DUG, REW, SSG, EEV, ERY, SMN) on my books, I find myself in a rather enjoyable predicament, at the moment of course. Stubbornly, I will hold my shorts until I sense capitulation.

As of now, the market sentiment is still extraordinarily bullish.

UPDATE: More Madoff fun.

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