Many markets, many things, have attempted to destroy this market–but all have come up Webster. Make no mistake, I’ve been known to have down periods, spurred on by plagues and blackness–but nothing has stopped me from forging ahead–thanks to the miracle on Wall Street.

Nothing has changed from two days ago, but the headlines on the teevee box predicting doom. Feel free to urinate on your televisions before throwing them out of your window.

The housing market is setting up for unparalleled decadence. Men will buy real estate during lunch breaks and sell them for profit at dinner.  Frocks will become stylish again and contact lenses will be replaced by monocles.

Why bother buying a new SUV when there are plenty of calashes available for purchase?

The losses are painful and we all want to kill ourselves now. I get it.

But don’t do it! Before you know it, great whores will suckle from your anatomy and the stock market will soar to new heights, giving license to move around freely–spending money like a addicted heroin fiend in an afghan poppy field.

We’re in free-fall mode, as high beta/return stocks get beat down like a homeless man taking a piss on a police car.

I am selling where I can to reduce exposure, now at +70% long exposure, with about 15% of cash on hand. Yes, it’s true, I’ve been selling some VHC to help finance my longevity. It doesn’t help that my late day, reactionary, short sale–AG– is up today. It’s a good thing the feces company, CCL, is heading lower–else I would have nothing to cheer me up this morning.

Between WNC, BX, BZH and USG, I want to stick my head inside of a howitzer and fire away. I’ve seen these types of sell offs before. But for some reason, I can’t get used to them, or grow accustomed to their devilish ways.

It’s a down elevator with a broken elevator cable.

Proceed with caution.

Every election day Americans draw from the worst luck, choosing people who are the very worst at managing affairs of state, perverts and scoundrels–corrupted by money and power. Those votes are going to produce a catastrophic event one day–that much is guaranteed.

Starting March 1st, massive cuts in government spending will take place–not because the GOP are hell bent on wrecking the economy–but because Obama is unable to lead. You’re unable to lead. I’m unable to lead. We’re all unable to lead.

It’s too easy to blame the pesky republicans for the sequestration. After all, their demands are very sensible: saving the US economy from eventual destruction.

They feel, in their learned wisdom, that balancing spending versus income is the only path to long term, sustainable, solvency. Everyone else wants cocaine chuck wagons–mainly because their heart isn’t into the nationalist movement. Most people don’t care about future debts, since they’ll be dead.

Chiefly, stock market gains muffle the mortal illness that afflicts America– assuaging market participants to willfully accept and clamor for the lethal path.

It’s the entitlement generation/disease who purports this dangerous/selfish way of thinking.

Rely on your government to meddle in your lives, wrecking your investment prospects. Compromises will not be made, because we are led by a pack of wolves whose ideologies are financed by people who want to destroy America, rather than see it thrive for another 237 years.

It’s the stupidest lesson  never learned. Each and every time I float about the office in ancient Roman costume, burning sage in fire pits, slapping people with my leather sandals, I get corrected. I get corrected when I focus more on spending my money than earning it.

I get corrected when I push the limits of reason to the extreme, begging for something bad to happen, daring it to happen.

Over and over again, I exhibit periods of brilliance, only to be foreshadowed by irrational emotion.

I had to reduce my exposure today due to the severity of my drubbing, off by an appalling 5.2%–cutting my year to date returns down by a third. My overall net exposure, after my AG and CCL shorts, is 90% long. Shorting AG was purely reactionary, an act of destitute desperation, as my face melted off into the bell.

As luck would have it, yours truly was escorted out from his office into a large truck to “pick up a couch” from a store. The insanity of Mrs. Fly has no bounds, as she cuts corners on furniture delivery, only to attempt to bankrupt me with persian rug purchases.

The market is either going to trade up or down in the immediate term. How’s that for a predictions. I can’t lose.

Like I said yesterday, only the Fed can bring the market down, and that’s exactly what happened today. Some of the beardless members at the Fed are calling into question QE-infiitum. They don’t have the balls or the facial hair to challenge Mr. Bernanke and shall be vanquished, dispatched, in short order.

Young folks out there, the reader class, you have nothing to fear–whatsoever– but yourselves. Only you can crush your brokerage accounts by making poor decisions. Move up the market cap ladder and avoid taking on leverage after 12 up weeks in a row.

I feel like punching a grandfather clock in the face–losing all of this money in one afternoon–humbled and corrected.

Listen to the brooding melodies of Glass, symphony 8, mvt II, as it embodies my mood perfectly.

I sold short Jakegint into the bell.

I am going to live out the rest of my day in shame.

To eliminate leverage and reduce risk, respecting market forced beyond my control, I sold out of MOS,GS and MTW–bring equity exposure down to 101%.

I am not going to burden you with my problems, whining about being 140% invested with most of my stocks down 3% for the day. When I read other people do that I want to take their heads and drive it through a god damned windshield.

This is my first day of heavy losses in more than 2 months–down almost 4% for the day and counting. I could very easily just ignore it and chalk it up to a one off event, due to some economic data and earnings season, hoping for the best–embedding myself into denial. The losses might continue for days or even weeks, until I am down for the year, vanquished by small blips in the market. Or, I could sell now and miss out on the bounce to come–if it’s coming at all.

The Dow is off by just 15 points and most stocks are extended. If this is the first of many down days, at 140% leverage, I will be cut to ribbons within days. I could sell off some up positions, bulk up on my short CCL and mitigate risk. Or, I can buy this dip, like a true master of the suicide arts, and play handball with a grenade in my backyard.

It’s rather amazing, isn’t it? When it rains, it pours. WNC has no business getting the clawhammer today, as it is completely unrelated to housing. It’s as if the stock market Gods were pointing their fury directly at me, punishing me for all of the hubris I’ve exhibited over the last few days.

Ironically, the very stock that I deemed most risky, VHC, is bucking the trend–shooting higher for the day. Without it, I’d be eating the travertine from my bathroom floors, sick to my stomach–smashed to pieces–carpet bombed in stocks.

As I write, Scott Bleier’s TICK is going bozonko to the downside, further worsening my losses. I’m like a jackass stuck in a pot of honey with lions biting away about my cheek and nose.

Before it gets better, I know it will get worse. Consider yourself burdened.

This morning’s housing data was good, but not good enough. Moreover, the vagrants over at TOL missed earnings. The result is a broad pullback in housing related stocks, contributing to my demise.

I’m enjoying losses, across the board–most readily abundant in USG and BZH. To add insult to injury, the stupid farmer genre has gone rogue and ran over yours truly with a tractor. Shares of MOS are sharply lower, off the stupid CF numbers.

As you can see, I am on “vacation”, enjoying the day with large capital losses. Of course I will make back all of the losses and more. I’ve done my homework and feel confident that it is a mathematical impossibility to lose money until after tax collection day. Therefore, there isn’t any cause for concern, only plots and schemes to take more money from short sellers.

Unbelievably, NFLX is about to break $200. Everyone counted them for dead, save Carl’d Icahn. Now Zombie NFLX has gone haywire on short sellers, eating their principal without pause.

One thing for you to acknowledge is this market is at new highs, despite AAPL being down 25% from its highs. This would’ve been unthinkable last year. Since 2009, every single crisis set bears up for a massive short squeeze. I see no reason to believe the crisis in AAPL won’t resolve itself, trapping all of the people who are shorting it now, as well as derivative plays CY, CRUS and ZAGG.

When APPL recovers, just like FB and NFLX, the nasdaq is going to rip higher, sending tech stocks to new, unbelievable, heights.

If you run a blog and want some honest, often brutal, feedback– what’s working (or not) about your style– post a link to your cesspool in the comments section.

Attention readers:

If you really, really like a new blog (or old one), post the link and I will be grading it shortly.

I’ve done this before and it was a lot of fun. I’m not doing this to simply make fun of my peers who write poorly, bad syntax and grammatical sins, but to expand my own library of links. Throughout the day I am too busy managing money and polishing these halls to notice any new bloggers out there.

Don’t be bashful. There’s a good chance I’ll be “hiring” a few new bloggers soon, so fire away.