The Future Will Be Decided in July

Both Spain and Greece will be going to market, in a laughable attempt to rollover short term debt. This is either going to end very badly, or HORRENDOUSLY. By late July, we will have a good read on the BP relief well. And, the market will get to analyze another round of U.S. unemployment data—always good fun.

In a not-so-surprising press release, it is being reported that the U.S. savings rate rose to 4%, the highest level in 8 months. And, as we speak, the TLT is about to enter the vortex aka $100+.

On the inflation side, umm, I think there are some imaginary printing presses working somewhere. And, central bankers are committed to imposing “austerity measures” in order to reduce debt. Oh shit, that’s deflationary. So sorry.

My advice to you pal, quit thinking so much and go eat a meatball hero.

Top picks: VXX, ERY

Just in case you weren’t paying attention, the dry bulk index has declined 21 days in a row.

Let’s keep in mind how stupid the bdi is when laughing at the decline. I understand the state of denial that many of you inflation wish casters are in, especially since, well, we’re not on the fucking gold standard anymore. But even the most ardent inflationist needs to acknowledge the vapor lock like deflationary vortex we are now entering.

Note: The bdi is down 40% in June. That’s right, June.

Like GW Bush aka “The Mastermind behind all things sinister,” I’m going it alone, totally skeptical of any substantial rally, especially on a lazy Friday afternoon. Don’t you know fucked up things happen over the weekend?

I just got back to the office, as I was out and about, frolicking around town. I do not like to be in front of my computer,  where I can execute trades, because it’s a distraction. I know what I want to do and will stick to my game plan, regardless of meaningless intra-day spikes and dips. Hey asshole, not every tick in the market is a seminal moment.

My longs are doing well, as well as my hedges.  I’m banking coin in GS, C, TEVA, SD, SHLD, ERY, HEAT and break even on VXX. But none of that matters.

Listen to me and listen to me good: I am fucking fixated on accomplishing my mission. Truth be told, it’s none of your concern what that said mission entails. All you need to know is “The Fly” is zipping through the future, while traders beat their faces in against their trading terminals, over at the famous homosexual club, The NY Stock Exchange.

Off to do something fun.

UPDATE: Having said that, I bought more CIEN, HEAT and  GS

Holy shit it’s worse than I thought. The pin action is actually pinless hand grenades, fragging investors while they sit on toilet bowls. As you know, yesterday, I stepped in and bought some CIEN: BIG FUCKING MISTAKE. That little hand grenade just blew up on my lunch platter, mixed in with my lettuce and shit. It was camouflaged.

Here’s what you need to look at: Euro down, Yen up,  TLT up, stocks getting murder smashed. Assume the position, run for cover, and protect your fucking pebbles.

Oh, by the way, The PPT is NOT oversold either.

Top picks: Heavily long VXX, ERY (in it for a little BP to zero action)

Fuck with The PPT aka S.H.O.M.P. lose your fucking house to foreclosure proceedings.

BP, RIG, APC and the entirety of the oil group are enjoying a fucking rout in their shares today. I think this is just the beginning. Granted, if you value the shares based upon proven reserves, using today’s price of oil, you’d come to the conclusion that all oil and gas stocks are “prison cheap.” However, if my deflation premise is correct, a sharp “broken jaw” move to the downside is due, for oil, literally any day. Also, with BP raping the Gulf and the entirety of the South East United States, I foresee a “blue blazer” event taking place, again, literally any day.

New rules and regulations, coupled with declines in commodity prices, yet to be seen, leads me to believe going short oil, via ERY, is a fucking bet worth writing home to Mom about. As a result, with my personal cash horde, I swapped out of TZA for ERY, going full tilted retard, short, into the bell.

NOTE: It’s also worth noting that CDS spreads have been blowing out for BP and APC. Should they go bust, the rippled effects will be devastating.

I sold out of TZA for ERY.

And, I bought 50,000 CIEN under $14.

Believe it or not, for the last hour I’ve been screening on The PPT for buys. I know my commentary is bearish as shit and I believe, fervently, we are going lower. However, I am also keen to the fact that things don’t always work as planned. Therefore, it would be wise for me to have a few “go to” stocks on the front burner, for my easy consumption.

Also, the strength in the Euro has me thinking about a reflex rally, perhaps as early as tomorrow.

My strength lies in my oversized, large cocked, cash position, now more than 40%. Without it, I’d be forced to trade without error, or like a 100% hedged retarded monkey. With my personal money, I sold off a little TZA, in order to make room for ERY. Should BP go to $20, then $10, as I think it will, I want a piece of that Armageddon action. Remember, should BP get fucked, everyone gets fucked, from CDS players— all the way down to those stock monkeys long large quantities of BP in their pensions.

If you are confused about the market and need guidance, go fuck yourself. I’m not here to make you rich. I’m here to brag about my wins and random acts of violence.

Tip: X is today’s tell.

NOTE: If I am going to buy anything, it will be done on close.

I bought 10,000 ERY @ $11.38

Disclaimer: If you buy ERY because of this post, your Greek neighbors will ask you for a loan. And, you may lose money.

Go find a chart of lending in China. While you’re at it, go find a chart of U.S. treasury consumption by our commercial banks.

Did you know that Japan’s debt is 200% of GDP? Did you know that 90% of it is funded internally? Think about this for a second, for we are about to go down the road of Japan, via our retarded monetary policy. If you are a bank, why would you ever lend money to Joey Bag O’Creditcards, when you can buy Treasuries, virtually risk free, and grab a big fat spread?

Well, that’s exactly what is transpiring today, as evidenced by the data.

All of you fuckers are worried about financing the deficit. I’ve been telling you all along: the American deficit will be funded by the American people.

Get in the vortex.

As an aside, Germany is starting to sound like they’ve had enough of being the EU’s piggybank. Coupled with Obama’s plead for Germany to spend more, this years g20 meeting should be interesting.

Scotty Bleier has been telling you for months now: we are Japan. Indeud we are. What part of vortex don’t you get?