Shut Up and Buy

Over the weekend I saw a great documentary called “Searching for Sugar Man.” For those of you who’ve never heard of it, I highly recommend watching it. It’s such an unbelievable story; it’s almost too good to be true. I won’t give away the storyline. But it’s an important reminder to never give up on dreams. I do believe we all have our own, unique, special talents. You just have to exert the effort and courage to make them come true.

Turkey is going “full mohammed” on their government. I wouldn’t worry too much about revolution there. The country is protected by a secular military, who will drop cluster bombs on powerful religious zealots, before ceding control of the country to them.

Futures are higher and stocks look poised to recover some of Friday’s losses. As always, at the first sign of weakness, I got scared out of stocks, turned all bearish, and starting reading Zerohedge again. I really need to stop over-thinking the market, trying to time tops, and just get long the names that I like. I can’t tell you how many huge winners I’ve missed out on this year, and over the past two years, due to fear of losing money. It’s more than that, actually. I want to avoid losses and time bottoms too, also a ridiculously hard task–even with The PPT.

Bottom line: I have a few names that are worthy of my time and I am going to buy them today.

I’ll tell you how, you stupid bastards. It goes lower. That’s what it does.

Down, miserably, in 5 of the last 6 years. You might be saying to yourself “self, but, it was up nicely last year, so it might do it again.” However, what you should consider is the fact that the market moved LOWER in May of last year by 6%. Therefore, the move higher in June was nothing more than a bounce.

Let it be noted, this year, the SPY closed up by more than 2% for May–leaving it naked for abuse in the showers by junior traders on Wall Street (extra homo).

Good night Lucy.

The Caesars who manage America’s money all went to the Hamptons this weekend and will stay there until late August. In there place are junior traders who are scalded with hot, boiling, coffee– if they should spoil the treasure. They are told, under the crack from a leather whip, “do not mess anything up while I am gone. I am off to party with pounds of cocaine and hookers. See you in the Fall.”

As soon as the senior traders and managers leave, the juniors set their goals on destroying said institution via really dumb trading, desperate to make a name for himself.

Yes, it’s true, most of this is occurring in my head, exclusively. However, I think it’s fair to assume, with the SPY +15% for the year, the summer is going to be a snoozefest. We should all prep ourselves for a different type of market, one that doesn’t bend to the caprices of gamblers.

I just can’t get over the fact that my FRO got shaved for a quick 70 cents inside of a week. I knew I should’ve sold some. But I am going ‘full maniac’ on this one, even though (and this is a very important though) I haven’t any formal expertise in the shipping industry. I don’t even know how to tie a bowen knot, let alone be onboard a shipping vessel and not throw up on someone’s face.

I like to believe my intuition and experience count for something, when making bold decisions. The truth of the matter is, the market doesn’t wait for logic. My rationale might be spot on– but is the time frame? We shall see inside of a year.

Aside from that, I’ve been dealing with my allergies to the Earth. I am not from this planet and do not like your pollen. Where I’m from, one can breathe the air without violently sneezing into the wind. I’d like to hit the person who invented pollen with a god damned shovel–right in the nose.