Q4 GDP Surges By +5.7%

Here’s your spark bulls. Run with it.

I’ve been combing through The PPT for hours now, looking for historically low ranks, in order to fish out stocks that are oversold. Much to my amazement, there are very few names to pick from. Being in a world of my own, isolated from the extreme events taking place outside my sphere of influence, I am shocked to see the type of broad-based carnage in the markets. Absolutely SHOCKED, mind you.

Although I am well aware of my capital set-backs, I never take them too serious, since I always seem to find a way to win— and do so with style.

So you know, The PPT has not flagged extreme oversold conditions yet. Looking deep inside of its underbelly, it’s whispering to me that there can be one or two more “fuck you, you’re dead” days, before we bounce large.

Thus far, after combing through all large cap names in the universe, I have identified two stocks that closed with historically low hybrid scores:

ArcelorMittal (ADR) [[MT]] and Portugal Telecom, SGPS (ADR) [[PT]]

Many other names are close to historically low scores, but no cigar.

I think the price action in ArcelorMittal (ADR) [[MT]] and Portugal Telecom, SGPS (ADR) [[PT]] accurately represents the type of tape we are in now.

Ouch.

NOTE: BEAS completed his final post of the month, as KOPG. He did so with flair and in video.

iBankCoin was down most of the day due to the Obama administration trying to stifle the seditious opinions of Jakegint.

I will make this brief, concise and to the point.

I will not waiver. I will not give up. I will endure this sell off and come out on the other end of the sewer pipe victorious. Watch, see, as if you were learning the Chinese alphabet for the very first time. For the most part, earnings have been great. I will pin my hopes and dreams, of swimming in colossal profits, on the on doings of our finest technology firms.

Good day to you.

NOTE: Someone is fucking with Flotek Industries, Inc. [[FTK]] into the bell, every day. Fascinating.

Okay, we’ve crossed over the Rubicon line of humor, where declining stocks are no longer a delight, but instead a disgusting hindrance. Through stupidity, mixed with a little delusional machismo, I’ve managed to nearly squander all of my 2010 gains, thanks in large part to this death-tape. Fuck you very much. Yeah, lots of stocks are cheap; but that doesn’t seem to matter anymore. Perhaps the robots at Goldman are mad and no longer buoy this market with retardo style buy orders. Or, maybe just maybe the bears are right and we’re in for a long walk down. Either way, it’s important to recognize when things go awry; and boy oh boy are things fucked up in the land of bullshit, where everything is good news, even bad.

Maybe if I wasn’t so, shall we say, “less stubborn,” I would have followed the advice of the thousands of worldly folks on twitter and jumped in the FAZmobile for a little spin. I keep myself up at night thinking about such scenarios and dream of a day when I TOO can ride in the FAZmobile, with the wind blowing in my face and butterflies in my hair. I’d drive to the rainbows and pick up me pot of gold, then go spend that shit on howitzers and automatic Nolan Ryan baseball pitching machines.

Instead, I am here in this broken down jalopy, with fresh bolts of lightening christening my every move.

In the big scheme of things, this is not such a big deal, at least not yet. I have the whole year ahead of me, with lots of time to find treasures at the end of rainbows. However, as always, when in a losing position, the pain of being so stupid is overwhelming. Nonetheless, I’ve taken it upon myself to eat sandwiches and think of creative ways to recapture lost coin. Believe you me, having Green Mountain Coffee Roasters Inc. [[GMCR]] up so much is a blessing; but it doesn’t blunt the losses of my other 20 stocks declining into this “fuck the union” tape.

If the market could be presented to me right now, in the form of a physical person, I’d mace his face then kick him out of a window, regardless of the consequences. It would be a “crime of passion”; and my attorneys would convince a jury of my peers off my “unwavering innocence.”

Top picks: Nucor Corporation [[NUE]] , Ctrip.com International, Ltd. (ADR) [[CTRP]]

I am going to buy several Apple iPads. Steve Jobs is an American hero and should be ARRESTED and executed by the clown-fuckers on capital hill, being that they’re into hating on success and all.

We have a bullshit market upon us, mixed with pending earnings from Green Mountain Coffee Roasters Inc. [[GMCR]] . I’m holding my little GMCR position through earnings, AND MORE (until $100). Let me just say, I was exactly wrong on the steel stocks, so far. The raping of United States Steel Corporation [[X]] has been very viscous and oh so dramatic. Both Nucor Corporation [[NUE]] and POSCO (ADR) [[PKX]] have dropped off a cliff, as of late. It was a call, a bad one so far. However, I’m not in the stock for 1-2 days. Should we get the recovery I think we will get, in 2010, steel stocks will rip to new highs. They are very volatile and not for people with weak arteries.

Secondly,  education stocks are ripping higher today, led by DeVry Inc. [[DV]] . This is a heavily bet against sector, with LOTS of upside and cheap valuations. I like Corinthian Colleges, Inc. [[COCO]] until $20.

Finally, there is something to be said about enduring multiple punches to the scrotum without fighting back. In hindsight, I should have shorted something, especially since I knew the decline was coming. You live and you learn. I do not want to compound my first error (not shorting)  by shorting here, at the low end of the range. Although there is a shot we break lower, in homofied fashion, odds are we bounce soon and hard.

NOTE: Most inverse ETF’s in The PPT are ranked the highest in history. Once again, this is usually a sign of a pending reversal, meaning: get long.

Here is a little rally cry song for you [[GMCR]] longs aka bilingual coffee lovers.

Thank you Congress for confirming any doubts that people with “non-retarded” IQ’s may have had, when trying to determine whether or not you are fucking idiots. This whole roast Geithner fiasco on the teevee is so fucking transparent it’s sickening. Americans HATE you, not because you are incompetent and unable to perform at a high level. They hate you because you are full of shit.

It’s funny how everyone has selective memory, with regards to the crisis of 2008. We were in vapor-lock mode, as represented by the 99% drop in the BDI. However, now that things have stabilized, everyone wants to play gotcha. Please, do yourselves a favor and jump into a lit fireplace.

I know you Tea Party players want to stop spending in order to “get our fiscal house in order.” Generally, you fuckers are idiots and know very little about the current situation we are in. Without EXCESSIVE government spending, the middle class in America will be offered “the black flag,” where they will enjoy the luxuries of the welfare system. It’s too early in the recovery cycle to pull back on government stimulus. The only reason why the republicans are bitching and moaning about spending is because the democrats are in power. When Bush was chilling in the White House, those elephant fuckers were sucking the treasury dry.

Much to my chagrin, I’m afraid Prezident O’bama will campaign during tonight’s State of the Union speech. That man hardly governs. All he does is campaign, mainly because he is a weak leader and doesn’t know how to do anything. Fucking shocker. With populist mumbo-jumbo on the front burner, Wall Street will drop napalm on the 401k’s of the average, blue collar dipshit collecting trash for a living, by way of tanking this market until the O’bama administration says “mercy.”

Say mercy Prezident O’bama, say mercy. Don’t even think about shouting out “freedom.”

At any rate, regardless of politics, this market is nearing extreme oversold levels and will bounce soon. Write the down and trade accordingly.

All we need is a spark.

In the real world of money management, people talk about what will make them money tomorrow. Here, on the fucking internet, bloggers yap about the injustices being committed and other things that have nothing to do with making money. Do you get my drift?

The internet is one big intellectual sinkhole, where clever men dressed in burlap suits talk amongst themselves and meet at Tea Parties, putting forth dreams of upheaval spearheaded by 1860’s style “civil war.”

While some bloggers are worthy of a read, namely everyone here on iBC as well as one or two others, for the most part it is devoid of money making ideas and will eventually be eliminated through attrition. To read some of these bloggers gloat about economic hardship and practically circle jerk with the morons in their comments section, over the prospects of a “double dip” recession, is appalling and downright despicable. Nonetheless, I could care less: I am just making a point.

The point is: if you are a mathematician, tell me how to build a catapult. If you are a politician, talk about gay rights. If you don’t know how to bank coin, quit talking about stocks; don’t even mention a fucking ticker symbol, else I will have your legs removed from your torso and “chuck” you into the Coney Island amusement park, where savage clowns and freak show people will pick you apart, reducing your physical frame into a meatless carcass.

Enough of the disillusioned haranguing.  This market is a piece of offal, wrapped in bacon, fried up real nice, served on a garbage pail cover.

Foreign related names are getting lit up, most down more than 15% over the past 2 weeks. Commodity related stocks are down more than 10%. Tech stocks are down more than 10% and retail names are sucking dick too. To sit here and tell you “everything is great” would mean that I am a psychopath, unable to feel the emotion called “frustration.” As cold and calculating as I am, this market is uncomfortable and needs to get going soon, else I will lose my patience and throw bananas at it.

Lots of names are trading at compelling valuations; but I will not bore you with my picks. If and when we turn up again, most stocks will charge higher in a convoy. The million dollar question is: when?

The last reading of the Overall PPT score was in the 2.30’s, not too far away from the historical oversold levels of sub 2.30. Once again, not to get all redundant and shit, I was crazy enough to be long stocks into the teeth of the 2009 “Great Depression.” I consider myself equally crazy to be long here, ahead of Mr. O’bama’s egregious “state of the Union” address.

At the end of the day, I have zeros in my fucking checking account. All of this shit is sport to me.

I bought 5,000 Cummins Inc. [[CMI]] @ $47.35 and 5,000 Nucor Corporation [[NUE]] @ $44.40.

Disclaimer: If you buy the above stocks because of this post, you will find out at a much later date that your prized $50,000 Rolex time piece was in fact a counterfeit, effectively meaning that you would have lived out your life as a liar and a fraud, aside from being bamboozled like a 16 year old kid at the “follow the bee” street card game. And, you may lose money.