ATTENTION BEARS

While you dine at your favourite [sic] eatery, Le Chateau Feces de Bear, your life savings is withering away. Like sand in the wind, you are allowing all of your hard work and effort go up in smoke, all due to your thick skull. Believe me, I know the feeling, being wrong and digging in your heels. There is definitely a case for being bearish, but not now.

Think about it: do you really think the market is going to crash? Do you really believe the architects of this economy will allow 230+ years of work to fritter away, thanks to some overzealous bankers? Well, there is an argument that supports the notion that it does not matter what the government wants, since it will happen anyway. The country has too much debt and we do not produce anything of substance. All of these things may be true: however, as a nation, we still possess incredible wealth, through investment, and other nations invest here because we are the gold standard. All of the talk of China supplanting the US, as top economic power, is accurate–eventually. But for now, we have a recovery underway and there is nothing you or your stupid friends can do about it.

My advice to you: cut your losses and invest in what is working now.

Thanks to a Cramer pump, my TEKELEC [[TKLC]] is vamoosing to the upside. My opinion, following the Cisco Systems, Inc. [[CSCO]] for Starent Networks Corp. [[STAR]] deal, TEKELEC [[TKLC]] , Ceragon Networks Ltd. [[CRNT]] and ADTRAN, Inc. [[ADTN]] are prime takeover candidates.

In other news, my POSCO (ADR) [[PKX]] has catapulted to new heights, trading above $114 now. I bought the sucker a week ago, from $99 to $106. This is a classic $100 roll. I discussed such things ($100 roll) in The PPT and put up a custom screen, so that you—the non-ingrate—may attempt to duplicate my success.

In short, I like the market and all of my positions. Let the bears eat sod, while we eat cake.

UPDATE: I sold 6,000 [[PKX]], north of $114.