We are at an interesting cross roads, where sentiment has decidedly shifted bearish from fucktarded, brainless bullish. I want to fade the consensus, at least until I see the whites in their eyes. In the short term, I feel the European situation will slow down, leaving the market free to run up a little. This puts the shorts in extreme jeopardy of losing hard fought gains. It is my belief, again in the short term, to expedite their rush into the proverbial vice, by way of buying stocks that are heavily bet against.
I have a very long list of names worth perusing. One of my favorites is [[ATPG]], mainly because oil is too hated. If the rally continues, you will bear witness to a most egregious and horrendous short covering rally, one that will shock and amaze bearshitters around the globe, AND MORE.
As an aside, the decline in the Euro is not alarming, if the Yen is declining as well. Keep your stupid eyes on [[FXY]].
In short, this rally is for real, but will be tested by the circle jerk crowd. I will stay the course, at least until S&P 1,125.
Top picks: [[ATPG]], [[MTW]], [[PKX]], [[FLS]] and [[EMN]]
NOTE: I am now up more than 30% for the year.
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The Fly is God.
Still in Bay Ridge?
Yes, Sir.
Cross the bridge over into Staten and go get a pizza pie at Denino’s. You will know why and will enjoy said pie.
Didn’t warn him about the $11 ($12?) verrazano bridge toll?
Xpensive pizza.
____
Dr Fly, we are not worthy of your greatness, but are thankful of your largesse
MCO needs a fortune cookie.
Are we gonna ride this little sawtooth up? Sell on the tippy top?