The little cubs are out in force today, pressing stocks lower to the tune of 1.3%. The little cubs, if I might be so bold, have small paws and dull teeth. I let these little living stuffed animals chew on my arm, out of sympathy, for I know they cannot hurt me. I throw raw pieces of meat around the office, daring the little cubs to come and get them; but they never show.
I declare: the days of fearing the bear are somewhat over, at least temporarily, as the drunken bulls shift their fiat currency from one piece of shit stock to the next. Much to the chagrin of the little cubs, there is nothing they can do to stop the tidal wave of reckless abandon. People are making money in stocks again and it is a dangerous task trying to stop a runaway locomotive.
As for me:
I have monstrous gains in ABK, thanks to Lord Jake and his puppet sock band. My biggest intra-day loser is TWI. But, I am still up following Friday’s melt up. And, my latest foray into RFMD has proven to be an accurate one, thus far.
Bottom line: If you are keen enough to catch the dips, do so, However, just know, the stock Gods have blessed this market, and in my opinion, it is going higher. At the moment, capital is flooding the banking sector, in order to fill egregious secondary offerrings. Once the offerings cease, BAD-BING, up we go.
UPDATE: I sold out of my ABK position, north of $1.88
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I bought more QQQQ’s here…watch how we had a HUGE rally right off a bounce on the 200EMA.
QQQQ’s was positive near 1% while market was down 1%…interesting divergence;
I am hedging myself however by buying June 35’s Puts…
Now boarding IBC 1 ….
fuck yeah, fly.
bears can’t even do a -300 down day to make the bulls believe that the run is over. instead bulls can comfort themselves and say “profit taking!”, while loading up some more to screw the bears. (i will have to admit, the QQQQ breaking below 33.8 did make me watch the market closely for a little bit though)
this rally is based on the china story, and they’ve got some really important numbers coming out in the next few days on the chinese consumer. looks like we may be in a holding pattern for that? if the numbers are good, we may follow the HSI and start recovering the sept/oct lehman breakdown, and then the bears will be really screwed. if the numbers look shitty, i’m prepared to unload everything at the drop of a hat irrespective of what QQQQ tells me.
one thing i’m not sure about is how the treasuries market action is playing out, it’s seriously confusing me.
Mike, I think the Cubes are playing crystal ball here, a couple of days ahead of everyone else, as it should be.
My three SONS looks like it’s getting ready to smack their Uncle Charlie — an acknowledged bearshitter and paedophile (sic).
_________
ELN..starting to perk up…(long)
That Uncle Charlie stole my job and deserves to get smacked.
Fly
Is that Bada bing or just “bad bing”?
I’m wondering if you’re getting the Sopranos mood right here for the little cubs as they may not understand the terminology and then fall into Dante’s (inferno) 9th circle of hell which is where the treasonous and the falsifiers end up.
———
Actually when I think about it the little cubs could end up in nearly all the circles of hell and damnation
Here’s the list.
VESTIBULEàNeutrals and Opportunists, indecisive, no real beliefs, those who don’t choose sides
bullet CIRCLE #1–LIMBOà Virtuous Pagans and Unbaptized Babies
bullet CIRCLE #2à Carnal and Lustful
bullet CIRCLE #3à Gluttons
bullet CIRCLE #4à Hoarders and Wasters
bullet CIRCLE #5à Wrathful and Sullen or Slothful
bullet CIRCLE #6à Heretics
bullet CIRCLE #7.1à Violence Against Neighbors
bullet CIRCLE #7.2à Violence Against Oneself (Forest of the Suicides)
bullet CIRCLE #7.3.1à Violence Against God
bullet CIRCLE #7.3.2à Violence Against Nature (Homosexuals)
bullet CIRCLE #7.3.3à Violence Against Art (Users)
bullet MALABOLGIA
bullet CIRCLE #8.1à Pimps, Panderers, and Seducers
bullet CIRCLE #8.2à Flatterers
bullet CIRCLE #8.3à Simonists (Users if the Church)
bullet CIRCLE #8.4à Fortunetellers and Soothsayers
bullet CIRCLE #8.5à Grafters
bullet CIRCLE #8.6à Hypocrites
bullet CIRCLE #8.7à Thieves
bullet CIRCLE #8.8à Evil Counselors and Deceivers
bullet CIRCLE #8.9à Sowers of Discord/Scandal/Schism
bullet CIRCLE #8.10à Falsifiers
bullet CIRCLE #9.1–CAINAà Treacherous to Kindred
bullet CIRCLE #9.2–ANTENORAà Treacherous to Country or Political Party
bullet CIRCLE #9.3–TOLOMEAàTreacherous to Guests
bullet CIRCLE #9.4–JUDECCAàTreacherous to Lords or Superiors
bullet LOWEST LEVEL OF HELLàThe worst of those who betrayed their benefactors
There’s even a place in the 10th circle for those that have betrayed the fly by going short.
think about that fellas.
mrkcbill is pleased to learn of Boy George’s release from prison. j, STFU…..go fuck a roo.
A break of 200EMA’s on the QQQQ’s…I am a net seller….
Jed, likes to put on a referee’s uniform and then go buy shoes at Foot Locker.
ah-hem….ELN ladies and gents…
So I see Target is going to try to sell groceries just like Walmart……. fucking copy cats.
mrkcbill prances around the house in spandex lip syncing to I Touch Myself
Cap:
Are you sure it’s not you that plays that music when you’re blowing yourself?
CAP sucked his own cock. Disgusting.
small paws and dull teeth; on fucking fire today
What fear???
Every person on the street is bullish and the risk trade is back. I smell no fear.
Space shuttle launch @ 2:01.
Gonna stick my head out the door to watch it as it breaks above the horizon.
Pretty much no clouds so it should be a good one.
first nibbles on srs and fxp… most longs gone, now, mostly cash. I think there’s a while of “hmmm did we make a mistake?” coming up.
load longs later.
FLY,
whats your take on ALTI over 1.50…nice volume today
There goes shuttle Atlantis.
Over the horizon and heard the rumble.
Nice.
No direction, chop, chop, chop.
Time for a sandwich.