Fly Buy: $TRLA

I added to my TRLA position.

The 300 point rally cracked the cement heads of Tea Party republicans to strike a deal. Although nothing has been announced yet, I am fairly certain something will be announced within a week. Now the focus will shift to earnings, then holiday sales. For the most part, retail sales have been lackluster. But, many retail stocks have been hammered in recent months. There is opportunity in the sector.

Gold is being destroyed today because stupid people own it.

I like my chances at adding to gains today. Optimism should continue into the weekend. I can’t think of a reason to be short right now. It is a recipe for capital losses.

Top picks: BALT, YELP, YY, SUNE.

Your mother is a goat-sucking whore! If my stocks go down tomorrow because of you, I am going to fill this fancy box with your testicles (maniacal laugh…OVER).
-SKELETOR

Do not fret about stocks any longer. Rejoice in the grandeur that is Secretary Lew. He saved the day, with his annoyed demeanor and direct punches to the face of retarded congressmen.

Expect the market to trade to new highs, because QE infinitum is back in play.

Several hours ago, I went back in, fully long, leveraged at 120% long. Aside from the stocks that I own, I like GOGO, GIMO, WETF and WDAY.

This isn’t a debate. I am relaying future facts to you today.

Just in case you’re wondering, yes, The PPT nailed it again.

Much to my surprise, the GOP caved after the Lew testimony. Based upon my over-arching bullish thesis, I am obligated to go “all in” on any news that we will not commit national suicide.

As such, I added to BALT, NSTG and YELP, while starting new positions in YY and TRLA.

http://www.youtube.com/watch?v=lRhNcH1aIf8

Being 70% long into today, I am enjoying the respite. After watching Secretary Lew’s testimony, I am more convinced than ever about the stupidity infecting the brains of our congress, especially the GOP.

WHAT HAPPENED TO THESE PEOPLE? I thought they were the party of big business? Now they are the party of destruction, gold bugs in the craw of the American public. I can’t take it anymore.

Look, I’d love to tell you the crisis is over. His testimony was very direct and eloquent. However, these Tea Party guys, spearheaded by hard core ideologues, ARE NOT LISTENING.

In short, enjoy the respite and take money off the table. Do not trust your local congressman to do the right thing.

I am pleasantly surprised by the ferocity by his exchange with the Jesus loving crisis deniers in the GOP. As such, futures are up even moar. HOWEVER, don’t think for a second the Tea Party cares. They want to reincarnate you.

Here is the live feed of his presentation and Q and A.

UPDATE: Republicans keep saying “they’re not buying” the notion that the “sky is falling.” UNREAL.

S&P futures are +16. Don’t bother to look for news, because there isn’t any.

The Treasury Sec will make a presentation at 8am, in an attempt to “scare congress straight” (no homo).

Here is a live feed of his stupid speech.

Let me start this missive by saying the buck stops at the desk of the President. The fact that he is presiding over this without striking some sort of compromise speaks to his narcism and inability to negotiate without his teleprompter. The far right part of the GOP wants to go over the debt ceiling. After carefully analyzing these people, I can tell you they are losing control of the republican party. The moderates know they don’t have a strategy to defund Obama-care and understand how reckless it is to throw the country into a deliberate financial crisis.

But the Tea Party believes in “fighting” and “pressing on”, using such absurd platitudes to embolden the weaker links in their caucus. They believe Obama-care will destroy America. Therefore, they will destroy it on their own terms, by defunding everything and going into default.

Some of these people actually believe we will not default. They cite net revenues versus expenditures and surmise we can “wing it” until a deal is brokered. This is a preposterous way of thinking. The bottom line in all of this is dramatic economic slowdown, one way or another. As such, stocks will be marked down accordingly.

At the end of the day, Obama-care will not be defunded because the votes aren’t there. This whole mess is one big show, conducted by people who operate on emotion and haven’t thought this through. It is the result of low quality persons occupying the seats in Congress, power hungry perverts, pandering to special interests.

This market is going to hell in a hand basket. If it wasn’t for the millions of dollars lost in previous VXX trades, I’d do another one right now.

These GOP congressmen are incorrigible, unbending, and outright reckless. I understand the notion to become “financially responsible”, but doing it AT THE DEADLINE is purposeful. If the GOP really wanted to right our ship, they would’ve broached this debate months ago.

This isn’t an accident. The Tea Party folks, backed by the Cock Brothers, have planned this for years. They aren’t going to blink because they want to ruin Obama’s legacy by causing an economic crisis. Their brilliant advisers put party ahead of country. They only think about votes and that’s why we are going to default.