Wow, that old fucker Kirk Kerkorian got wiped the fuck out this year, losing more than 12 billion dollars in the stock market casino via Ford Motor Company [[F]] and MGM MIRAGE [[MGM]] . How egregious is that? The man is 91 years old and he is still playing the market—totally nonsensical.
The numbers out of Freeport-McMoRan Copper & Gold Inc. [[FCX]] sucked. Therefore, all of the copper players are trading off. The reality of lower copper prices is finally starting to hit home.
Post yesterday’s melt up, today is just one big let down. The air is slowly coming out of the market, as jerk offs with series 7 licenses take profits and/or begin to place short positions. On the other hand, at least the volatility has subsided, which is great for my fucking heart and brain.
Earnings season is upon us and it will not be pretty. However, with my money, I am pretty sure there is some milk left in this cow to drain. So, on dips, I will add to my National-Oilwell Varco, Inc. [[NOV]] , The Mosaic Company [[MOS]] , Arch Coal, Inc. [[ACI]] and [[UYG]] positions.
But, just know, I can turn on a fucking dime. Do not be surprised to see me buying [[FXP]] or [[SRS]] , for outrageous laughs and somber cries.
In short, go eat a sandwich.
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