Watch Out For Those Murderholes!

My gut says the market goes higher, despite us weakening here—late in the day. However, there is a disturbing thought, in the back in my mind, that Geithner will fuck up big time, effectively sending the market spiraling into the ocean. Plus, Obama and his democrat cohorts have no fucking idea what they are doing. Franky, they remind of children trying to operate a fake boat.

With my money, I’ve held firm, keeping both long and shorts. At the present, my only meaningful shorts are in the oil/gas field. Early this morning, Goldman Sachs slapped a downgrade on CVX, while upgrading lesser names, like CHK and MUR. Basically, they are trying to time a rotation, out of “safe” oil plays, into more risky.

I could not disagree more.

The reason why I am bullish, short term, has nothing to do with the economy, but seasonality. It is very common for the market to rally, going into spring, then seemingly fall off a cliff into summer.

Right now, I have rich gains, being on top of my game since day 1 of 2009. The goal now is to push the envelope a little, into a possible short squeeze for the ages.

Remember, the market is overvalued, but still at a very low point, numerically, if that makes any sense. In layman’s terms, we could shoot higher 1,000 points from here and no one would bitch about valuations.

“The Fly” conforms to the wind gusts and wins much more than you could ever imagine.

NOTE: I initiated two new positions today: LNN and ACM, both flagged by PPT.