Grandpa Fly used to say, in a very belligerent tone: “I’ll pay that much with confederate money!” As you know, he was not a big fan of “southern aggression,” nor am I a fan of buying stocks ahead of “The O.”
As expected, the market is rebounding, following 6 straight days of unrelenting selling. Once again, clowns with large noses are piling into XOM. Just so you know, XOM is the stock they (conspiracy theory) use to jerk the market higher.
Banks are ripping to the upside. I rather watch you make money in them, than have a heart attack going long. Whatever longs I have left, namely LNN and JRJC, are bouncing a little.
Bottom line: I’m not buying stocks ahead of President Obama’s speech. Fuck that. This guy is like one big hoax come true, in a very weird science fiction way. Cramer, and his jelly beaned friends, are trying to save their jobs, via goosing stocks up. I’m just trying to avoid having my brains scooped out of my skull, by roaming homeless men.
Towards the end of trading, I will nibble on a little DUG/ERY.
Fuck Gold: I bought 20,000 DZZ @ $20.35.
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