Incoming!

All of you doom and gloomers are tasting the steel of the Federal Reserve this morning, served molten hot by the Chief, Benjamin Bernanke. Over the weekend, the bears were running around in their burlap dresses, snatching portable video game devices from young children, while peddling furiously on their stupid bicycles. Once again, it doesn’t matter what you think, since the world is hell bent on higher prices. When I say “hell bent,” I do not mean garden variety “meh, let’s send stocks higher” conviction. I am talking about “let’s bet the world on this shit going higher (spoken in extraordinarily deep baritone voices),” certitude.

So, before you go out and bet against men with big beards and loaded pistols, think about how insignificant you are and trade accordingly.

As predicted, steel stocks are surging ahead, on the back of good earnings from AK Steel Holding Corporation [[AKS]] . Additionally, euro-fag banks are gapping, including [[RBS]] , Barclays PLC (ADR) [[BCS]] , Credit Suisse Group AG (ADR) [[CS]] and Deutsche Bank AG (USA) [[DB]] .

With my money, I am taking the advice of The PPT‘s oversold signals in steel and initiating a position in Nucor Corporation [[NUE]] , just north of $45.10. And, because I can, I’m buying more Cummins Inc. [[CMI]] and Ctrip.com International, Ltd. (ADR) [[CTRP]] .

I’m thinking the sell off is over and we’re going straight the fuck up; but I could be wrong. What do I know? I’m just a space alien magician with an IQ just north of 155. I’m also thinking I need to add to my Green Mountain Coffee Roasters Inc. [[GMCR]] position ahead of earnings. Those motherfuckers are stealing money from people, by way of selling K-Cups with absurd profit margins. Then again, life is all about increasing profit margins, much to the chagrin of the low-enders who jerk-off at shopping malls.

“The Fly” is into the idea that slapping people with hot hamburgers has a future in motivating others to stop acting so damn childish. I do not mean to be harsh or speak out of line; but most of you deserve several big macs to the nose, AND MORE.

In summary: I’m buying stocks down here because behaving in such a manner has made me rich-er over the past year. My picks are Nucor Corporation [[NUE]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] , Cummins Inc. [[CMI]] , POSCO (ADR) [[PKX]] , Equinix, Inc. [[EQIX]] , TEKELEC [[TKLC]] and Flotek Industries, Inc. [[FTK]] .

NOTE: For those of you who are late comers aka lazy yam eaters, iBC welcomed Scott Bleier to the team today. Be sure to tune into his daily morning radio show, which is simulcasted live here from 9am to 10.