Despite my enthusiasm and desire to see higher stock prices, I am not buying here. I am 90% invested long and have no desire to allocate the rest of my cash into stocks here. Perhaps if we dipped another 5%, I’d be willing to step in. However, for now, I’ll just sit back and watch this fuck of a market, with my 3-D glasses on.
In pre-market activity, Cummins Inc. [[CMI]] and Corinthian Colleges, Inc. [[COCO]] were ripping to the upside, based upon better than expected earnings. Now that the market is open, both stocks are selling off in size. Cocksucking, motherfucker.
At any rate, the news out of Cummins Inc. [[CMI]] is extraordinarily bullish. I will buy that stock on any dips. And, moreover, I shall go “loco for COCO” on stupid sell offs.
Bottom line: Do not react too quickly to minute by minute market machinations. Take your time. Eat sandwiches and let the Gods guide you over a longer period of time than your small ADD addled mind is accustomed to.
Top picks: Ctrip.com International, Ltd. (ADR) [[CTRP]] , Cummins Inc. [[CMI]] , Nucor Corporation [[NUE]] , Masco Corporation [[MAS]] and TEKELEC [[TKLC]]
Comments »