The Gods Grant Another Squeeze

This is “balls on the guillotine” trading, where the bears are having their eyebrows punched off in perpetuity. Aside from my early morning sales of [[CDNS]] and [[CAVM]], I am still all in, aside from a 25% cash position.

You stupid bastards need to understand: the market doesn’t care about your homofied press clippings or rumors of insolvency. The market, as always, takes the path of maximum pain. Unfortunately, for the bears, max pain means we trade higher, until they are reduced to picking sandwiches out of NYC trash cans or begging for apples in Los Angeles.

For a down day, this is as benign as it can get, with loser banks dropping and heavily shorted stocks sticking green shoots in the ears of unlucky bears. Mind you, the government sponsored stress test is the most idiotic thing ever concocted by the U.S. Treasury, and they know it. Because of this simple fact, I refuse to believe the news will rock the markets.

People, it’s just one big circle jerk to nowhere, while the SEC creates new/interesting ways to stick short sellers into dog cages.

“The Fly” made even more coin today, spearheaded by the frenetic buying action in [[FTK]] and [[CAVM]] (sold). In short, try to resist selling short stocks. If you are uncomfortable being long, go to cash and eat a sandwich.