POOF! Your Bid is Gone

Well, my theory just went out the window.

I fancy this market to be in plunge mode now, all thanks and praise go out to the FUCKING Spaniards and Guidos for that. What is to discuss? Yields are simply to high. Money is being hoarded in well-to-do nations, as represented by negative yields in 6 countries. This doesn’t have the look and feel of something I want to test out for an extended period of time. My guess is that many traders are approaching this market in a similar vein, waiting to see if we bounce. The problem with waiting is the 2nd leg lower might be worse than what you see now.

We know the central banks will not allow the system to fail. We also know Bernanke is ready and willing to start QE3, if we are in dire need. So, having said that, shorting the market is out of the question. The only course of action, frankly, is to raise cash and wait for an opportunity to use it.

My cash position is just under 20%. I will most likely up that level today, not to be hypocritical about my previous bullish stance. Instead, I view my malleability as the primary reason I am still here today, successfully managing money because I ceded to the demands of the market in the past. There are battles to be fought and wars to win. Sometimes it’s best to spectate and let others step on land mines or get eaten alive by rabid wilder beasts.

Futures are lower, amidst renewed concerns in Europe. How many times must we deal with this issue?

Answer: until they collapse.

This isn’t going to end until the EU collapses and the global financial system is flushed, mind you, down the toilet. However, it doesn’t have to happen right away. Japan is the canary in the coal mine. They’ve been monetizing their own debt forever, now upwards of 200%, yet yields are at the lows.

I have clients who swear the dollar is going to zero; but those concerns are based upon political idealism and not fact.

Fact: the US is in better shape than Europe.

Fact: US dollars are in high demand. As a matter of fact, there is a scarcity of dollars around the world, pushing its value higher.

Fact: The US economy is still, by far, the best and most diverse economy in the world. China eats bags of shit.

We might trade lower tomorrow; but there is a silent hand in this market, helping us underlings bank coin without interruption.

My advice is simple: avoid names that missed earnings last quarter; because they will likely miss them again. When you have profits in excess of 10%, consider booking some, unless of course you are long term oriented. Lastly, keep some cash aside, maybe 20%, not to be a pussy, however. Keep the cash to buy the blood, margin liquidations of men clad in burlap straight-jackets.

As for me, I’ve been dealing with my new environment in the most belligerent way possible. Just this morning, I witnessed 5 fucking deer in my yard. GET THE FUCK OUT OF HERE. Immediately, I hired a mason to build an iron fence (with spikes), connected with pillars of limestone with lights atop, to encircle my property. It is a very tedious task for them; but that’s why I am paying them to do it. I will not stand for filthy, disgusting and stupid animals roaming about my property without invitation. It is rude, frankly, and without top-hat.

Very soon, I will impale them with my iron fence!

My “Diseased America” post from earlier today was supposed to be an honest rant about how I view America’s social fabric. Amazingly, many of you turned away from the subject of some lunatic killing a dozen during a Batman movie to “Fly curses, therefore, he is evil too.”

Surprisingly, I have these same debates with Mrs. Fly, as she loathes my colorful internet persona and feels it is something she’d rather avoid. While it’s true, I don’t need to curse in order to make my point. It’s also true, comedy just isn’t the same without foul language.

Anyone here thinks Richard Pryor or George Carlin were “boorish” individuals? Who gives a fuck what you think! Those men provided comic relief to millions, something that only a few can do right.

I am coming to my point now.

If you are somehow distracted by the four letter language on this site, there is something wrong with you–just like there is something wrong with Mrs. Fly. You’re too uptight/conservative, focusing on the aesthetics and not the mechanics. This is an adult venue and we discuss money here. I am not a cartoon character telling Joey to fuck his Mother, mind you.

There is a time and place for everything. Frankly, this is the fucking time, and the place, for me to tell you, and others, to fuck off else face “wildish”, animistic acts of violence. I say these things with the utmost sincerity and candor. I ask nothing from you– but to take your shoes off when walking on my Persian rugs.

And remember, this site isn’t about you extracting information and using it for your own selfish purposes. This is my chalkboard and I get to spray paint on it, if that’s what I feel like doing.

My last post brought out some bible thumpers, attempting to beguile me into running a curse free environment here. Good Sir/Lady: fuck off. I don’t believe in your book of fantasy and have walked this earth for over 36 years, raising three well-mannered, and exceptionally smart children, all the while cursing at you since 2007.

Back to the markets.

I am up 0.25% today despite the bad tape. The reason for that is simple: I am a consummate professional manager of money, whereas you just monkey around in the banana trees throwing fecal matter at the ground. Even inside the halls of The PPT, one of you had the audacity to announce a short position in one of my holdings: ALJ.

Bet against me: lose your house, kids and wife.

In case you haven’t noticed, I am burning white hot. Long time readers know I am very streaky: I’m the Joe DiMaggio of this stock business.

In short, I still like LNN, MOS, CRESY, ALJ, RFMD and EXK–even YELP looks great. By design, my biggest wins have yet to be revealed. Just know and understand, I am unrelenting in my pursuit for greatness and nothing is going to get in my way, not even a Chinese burrito.

What the fuck is going on in this stupid country? A dozen plus people were brutally murdered while watching a fucking movie, by some asshole with an ax to grind.

There is a reason why I disallow my children from watching network tv or anything coming out of Hollywood. I don’t want them being part of the “social fabric.” Even the PG rated movies are filled with degeneracy, promoting sex, drugs and gratuitous violence. I cannot turn on the radio without some idiotic rap song identifying women as “bitches and hoes”, while promoting codeine pills and cocaine.

The social fabric of this country is being methodically unraveled, by the fucking pedophiles who work in the media. Most kids today have absentee parents and/or broken homes because Dad or Mom is too busy fucking the mailman. The parents split and the kids are raised by Warner Brothers and Saturday Night Live. Everything is a fucking joke until 12 people are shot dead inside of a movie theatre. This is heart wrenching and my deepest sympathies go out to the families who lost loved ones.

Politicians will blame guns for this massacre; but we all know who is to blame. It’s the lack of respect and honor amongst people that leads to such senseless crimes. Nothing is sacred anymore, not even children. When you stop caring about the well-being of children, sentencing convicted pedophiles to serve less time in prison than a drug dealer or a shop-lifter, there is nothing left saving in society.

I cannot speak for other countries. But I can tell you this, with 100% certainty: America is filled with rot, from the top down, and is in desperate need of a hard reset.

The PPT‘s oversold signal for SPY has been correct 10 out of 11 times over the past 12 months, giving it a 91% win rate. Albeit, these signals do not come often, perhaps once per month. Nevertheless, it is full of win and has been my #1 guide into and out of this market for the past 3 years.

Inside, we offer scores and signals for every stock and ETF traded, with accuracy statistics transparently displayed for user critique. It goes without saying, this is my time machine and the next iteration (PPT 2.0) will be super-charged, better than anything you’ve ever seen in your pathetic lives. You will glance at it in passing and feel like shooting yourselves out of carnivale cannons because nothing you do or say will ever compare to its grandeur.

You don’t subscribe to The PPT, but become a member of an elite trading community, one that punches others in the dicks and face (absolutely no homo involved with that last statement).

You know my risk appetite is extreme when I start buying Chinese burritos aka “pinless hand grenades.” Do not worry, small plebs, the position size is small and cannot hurt me, even if it went to $00.00.

For the day, I broke even, thanks to profit taking in ag related names. Today was a big tech day, which is why I started a position in RFMD.

I sold out of two laggards today: RBCN and DMND. Both stocks were trades that took too long to materialize. Instead of making them emotional trades, I cut them loose and carried on.

Bottom line: I am indeud going to win in grandiose fashion. There is nothing you or your stupid friends can do about it.

http://www.youtube.com/watch?v=YiYnfn0kyK0&feature=related

I started a small position in Chinese Burrito Ag play: CGA.

If your stocks aren’t performing, swap out of them. I do not know how long the sun will shine; but I can tell you with certainty, it is beaming now. Soon, before you know, the winter will be here, casting black clouds over your castles or housing tenements, to each his own.

I am working with feverish haste to tax this dollar for every red cent (no IRS). Before I am a senior citizen, America will cease to exist in the form you see today. We are heading down the path of destruction and there is nothing that can be done, save a violent revolt, to save it.

I accept that as fact and truth and have been preparing for such occurrences for the better part of 4 years. Nonetheless, I am hired to make money for wealthy individuals, regardless of long term opinions. Fortunes are made and lost in days. Wealth is something that is preserved over generations. You cannot be wealthy without having a fortune. Having said that, quit betting against me you fucking insolent wretches: I trade from the future.

YELP is kicking higher, alongside a number of tech stocks.

Get in.

Top picks: RFMD, EXK, LNN, MOS

Although I like the walnut story with DMND, I am swapping it out for shares of chip company RFMD. The money is swarming over to tech today and RFMD is enjoying tailwinds from SWKS.

I like RFMD under $5.