Next on Deck: Chinese Housing Bubble

So buy speculative chicoms. There is much discussion about the dire share performances of Chinese mortgage/housing plays, due to the fact that they are in the process of building an immense housing bubble. Having said that, buy bullshit, half bankrupt Chinese stocks with fucked up auditing practices and American CEO’s, based in Shanghai. Nothing says “look at me I’m a fucking criminal enterprise” like a Chinese company, run by some fucktard from the midwest.

If you want some names, go visit RC’s blog.

Keep in mind, all of this shit we are doing here, buying and selling numbers and letters, will be rendered useless in 3 months. Today’s market is not tomorrow’s. I am a firm believer in “feeling the market.” If you follow this blog, for more than 6 months, you know damn well “The Fly” is not feeling this market. But I’ve managed to minimize my losses to virtually nil, due to my larger than life cash position (50%). I cannot stress this point enough. In the past, when I got cold, I lost a hilarious amount of coin. That’s because I was always “all in.” These days, with some maturity and lots of experience, I know when to turn down the dial, so that I can do no harm. I know my market position has been dreadful. But look at where I am, as a whole. I am still up 30% for the year and half of my book is in cash, waiting for an opportunity.

When I was younger, like RC, I did not think about the market going down. I just bought the hottest stocks and pissed on my competition when I was taking home 100k, after taxes, for the month. Although at times I push the envelope, my current investing style is more of the sniper variety, than rolling into the town square in a tank, guns blazing.

Bottom line: If you have the itch, look at some degenerate Chinese lottery names. Or, if you are like me, wait for your market, in the tall grass.