I Don’t Trust This Cocaine

I’ve been fooled for a week straight with false rallies, only to dissipate and stab me in the back of the head. Whatever cash I have left will remain in my coffers, reserved for a real sell-off, a catastrophe that even Scott Bleier could embrace.

Slowly but surely, the market is inching its way lower. I am up 0.84% for the day; but it won’t last.

ANR just reaffirmed guidance. This should cause a massive squeeze in coal names. I forewarned you of this possibility yesterday. The coals have been unduly beaten down, just like some of the good shippers, like OSG. But we are in a very tenuous place for the markets right now. GDP is advancing by a pathetic 1.3% clip and China is in dire need of stimulus. Those stupid fuckers are busy retooling obsolete Soviet Union aircraft carriers, instead of minding to their bullshit economy. By far, regardless of what the man in the bowed tie says, China has the WORST  developed economy in the world. I say that because their risks and dangers have not been brought to the light. They are hidden under accounting fraud and government controls. If the Chinese economy was allowed to float freely, it would collapse like a cheap accordion–being played by a chimpanzee– in a small Italian town on the coast.

Nevertheless, I remain defiant in the face of immeasurable obstacles, long by 90%, up 30% for the year aka much better than you.

Using a simple screen inside of The PPT, I searched for companies growing revenues by 15%+ that have “enjoyed” share declines of 10% or more over the past week.

One of the aforementioned names is DDD, a top 5 position of mine. Why the stock is dropping like a stone is anyone’s guess. However, it’s important to remember that high growth, evolutionary, stocks–like DDD–always jar investors with volatility before the earnings outlook is solidified amongst investors. Once that happens, the stock will take off and never look back.

AAPL, MLNX, CMG, ISRG come to mind.

I can’t begin to tell you how pleased I am to lose a little money. Without doing so, I wouldn’t get to meet all of you fucking awesome and amazing stock market experts. Comments like “who the fuck buys at 5 year highs” are just so rich, filled with oxymorons, I wouldn’t know how to function without them.

Soon enough, as the slide continues and my losses deepen, the SHIT-TALKERS will emerge, like trolls from the manholes, to educate me on all things to do with finance. These misfits of Manhattan, pikers of broadway, will teach me what I need to be told. It’s all very true, indeud, we all need a good talking to. However, as Mother Market is my witness, I’d commit spontaneous acts of murder if you and I were left alone in a dark alley way. I’d sever your heads and kick them to the moon.

Aside from that, futures are higher; but they are lying to you.

Tomorrow morning I will throw out some good dip buying ideas. Eventually, this horrific decline of historical proportions will cease and we can commence “Operation Cocaine Train” again.

In an era of cheap money and immorality, I expect better than 5 consecutive days lower. If they want me to keep spending at a $2k per day clip, I need to see greener stock prices. As it stands now, I am not making any money. In fact, believe it or not, I am losing some.

DDD got lit up again. I waited patiently to buy into it, thinking the slightest pullback would offer a great buying opportunity. Apparently, the industry has gone to shit over the past week and now I’m stuck with outrageous losses.

My other big loss is coming out of JIVE, now down 7% from basis. The hits keep coming and the market is just getting revved up.

Everyone is telling you to “not worry” and how things will hold here and move higher next week. I dare to tell you the exact opposite.

RUN for fucking cover. On Jupiter’s Stone, we’re cooked. I say this, totally selfless, fully invested in stocks with just 10% in cash. I am determined to punish myself with egregious losses, as a lesson to adhere to the warning signs. I saw them and didn’t listen: now I will pay the price with blood.

PPC is moving up. Therefore, I am still “The Chicken Man.” My losses stand at 1.2% for the day, somewhat hedged by two of my top 3 positions being up: KMB and ESRX.

I am hiding away in my basement, like a troll, typing away like a blogging gorilla doped up on meth.

Basic materials have bounced. ANR, ACI, and others, are ripping to the upside. Sterne Agee is out with a report citing coal demand is sustaining and increasing upon recent share gains at utilities and has done so every month since the April lows. Moreover, they feel the recent drawdowns in supply bodes well for pricing going forward. In a word: HORSESHITTERY.

As long as natural gas is selling for dirt nuts, coal is in the penalty box. Nevertheless, some of those names can springboard higher for a trade. To think, I sold ANR more than $2 higher just last week.

I’m still waiting for my fucking boat stock to reverse higher, OSG. And, let’s not forget, I am taking 4-D losses in this fucking 3-D stock. DDD is the future. However, the future is never guaranteed.

At the moment, I am down 1.06% for the day.

The Fed already fired its QE3 shot.

Both Italian and Spanish yields are climbing again.

Utilities and large cap dividend plays are running.

Apple is falling.

Commodities are falling.

The euro is falling.

Basic material stocks are being dismantled.

TLT is ripping.

War in the middle east is ongoing and expanding.

Obama is leading in the polls.

October is an ominous month for stocks.

There you have it. I encourage the JAKEGINT’s of the world to climb this wall, without harness. I am sure he will fair well in his golden goose stocks, when the world falls into a fucking sinkhole of depression and despair.

I’d like you to know, “The Fly” gets incredibly somber, almost melancholy, when he is losing. Right now I am Captain Extraordinaire of the SS “Fucked”, steering my passengers–almost intentionally–into catastrophic ice bergs and coral reefs. I am drunk from stupidity, paying the price for my greed.

Aside from all that mind bending fuckery, my home has been invaded by multiple construction crews. Since Mrs. Fly has decided to renovate everything all at once, I find myself without internet access, clinging onto whatever bandwidth my little “hotspot” device decides to grant me. The fireplace guys are lazy goat-fuckers, lamenting hard work, attempting to gain my permission to cut through the walls upstairs, in order to access the chimney. I had to correct them and let them know the roof was their only point of access to said chimney.

The wood guys are setting off my fire alarms, with their fucking saws and the trim guys are making a ridiculous mess of my driveway. Oh, and the HVAC guy is trying to sell me some bullshit ozone air purifier, in order to afflict my family with irreversible lung damage.

Aside from all that, things are great.

I hope you are enjoying the tepid opening because the shit, mind you, will hit the fan later on today. I am very gloomed and doomed. My prospects at making some decent coin in this market has been smashed to pieces by QE3 buyers, who are now unwinding, running for safe haven.

TLT is heading higher. I’ve made my bed from concrete and intend to sleep in it, regardless of market action. Over the past two weeks, I’ve moved things around, quite a bit. I am tired of running and will opt to face my worst fears, even if it steam rolls my person into the fucking pavement, permanently solidifying my embodiment into the halls of great stupidity.

There is no silver lining. You’re entirely fucked. Same here, pal, so don’t get uppity.

There is no need to offer platitudes and tell you ‘longer term, you’ll be okay.” No one gives a shit about the long term. We want our blow now and we want it white.

I love how people paint pigs all the time. “Don’t worry, after your open heart surgery, you’ll be in tip top shape.” Truth is, once your body is opened, you’re fucked. Besides, anyone undergoing open heart surgery is super-fucked for at least 3 months, debilitated by pain. There is no silver lining in that; you’re fucked pal.

If you don’t want to undergo open heart surgery, quit eating cheeseburgers you stupid shit. If you don’t want to feel the pain of the market’s knife twisting inside of your guts, quit investing like a fucking degenerate OTButtfucker.

In 6 months, everything will be great, or it won’t– right? You can listen to the so called “experts” littering the Twitter and Stocktwits streams; but most of those clowns can’t string 5 cogent sentences together, let alone bank fucking coin in the market every God damned year since the dot com bust. I am going to give it to you straight: we are entering a very dangerous place and seasonality begs to differ with the overall bullish theme playing down on Wall. It can turn on a dime, stuffing you clowns, firmly, into cannons–shot out into the Van Allen belt.

If we don’t move up soon, we’re going down hard for a month straight. It just might be a VXX HALLOWEEN, yet again. By that time, I’ll be collecting famous human heads and placing them on my mantle, as “conversation pieces.”

I can’t think of a worse position to be in, other than August of 2011. Back then, I saw all of my gains vanish and go negative by 8%, before making a miraculous comeback. Today’s market action wreaks of market top. It has all of the hallmarks of being the beginning of sheer fuckery, pain thrusted upon those who dared to go long near the highs.

As I write this missive, I am now down 2% for the day, a 7 fold increase in losses since I spoke with you last. This is the nascent stages of my demise. My gluttonous greed has led my astray, away from my own advice, fully exposing me to the turbulent winds of the Fall.

The winter is coming and I am outside playing ball in a tanked top and speedos, like a fucking true bastard.

Once again, I glared at the warm market waters and dove in, without prolixity. My head hit pavement and my skull cracked in half, paving the way for my brains to fall out of my head–leaving me stupid.

Yes, indeud, the market is heading lower. There is a person on my teevee who believes we are going to crash again, 2008 style. Quickly, everyone panic and go to cash! I timed the market with precision, military grade, at the ultimate top of today’s trading range. I stepped in and purchased large blocks of DDD, JIVE, ESRX and ULTA, like a big fancy bow tied money manager, drinking shots of century old scotch as I pressed “buy.”

We were +50 back then, now we’re down 30 and just getting warmed up. Hell, the man on the teevee says we’re going to zero, so we might as well listen to him. After all, he must a denizen of truth and prosperity, being a CNBC guest and all.

Cocksucker!

I am down 0.3% today, which isn’t so terrible. But I was up more than 1% this morning. This market is, without equivocation, the very definition of “circle jerk”, an iron lotus to the head, sharp clawhammer to the top of your noggin. I am so fucking pissed off right now, I feel like punching holes through my windows.