I was just joshing around when I said: “time to buy stocks.” I hope some of you lower IQ types detected sarcasm in my syntax.
The constant peppering by Cramer, calling bottoms and shit, is so perplexing; one would think he was some sort of coked out heroin addict. I mean, there is zero upside in calling bottoms, particularly when he has been so wrong on everything from gas to cash.
I, on the other hand, have no problem with making outlandish statements, such as: “we will hit new 52 week lows by Labor Day,” partly because I have a “calculator brain” and drive a plutonium powered time machine.
As you well know, there is no valid catalyst for being long equities, other than shorts being forced to cover. Now, if you sit back, light up a cigar and sip on some aged whiskey, you will realize how fucktardedly incompetent you are for espousing such a specious argument.
As far as I’m concerned, we have 500 points of potential upside and 2,000 points of downside.
How do you like them odds?
To play this looming disaster, I am looking to overwhelm buried bulls in bullshit bank stocks, via shorting them. At the moment, I happen to be long [[MS]], [[STI]] and [[UYG]]. However, they are hedges; bought to protect myself from mental instability.
On the short side, I really do like [[LEH]], [[TCB]], [[PCBC]], [[FED]], [[FHN]], [[PACW]] and [[LVS]].
Or, you can take the lazy man rout and go long [[SKF]], [[SRS]] and [[FXP]].
NOTE: iBC’s new blogger will be making his debut by tomorrow.
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