The market has bottomed, again.
Yaaaaa-whoooooooo!
[youtube:http://www.youtube.com/watch?v=m_Yyao8obPc 450 300]NOTE: I’m going for a walk; maybe beat down a few local old guys.
Comments »Fly Sell: JEC
I sold short 10,000 [[JEC]] @ $73.65.
Disclaimer: If you sell short JEC because of this post, the next time you are at Lowes, you will be run over by a speeding forklift. And, you may lose money.
Comments »Fly Buy: CLF
I covered my [[CLF]] short, buying 13,000 @ $88.50
Comments »Look Ma, No Hands
You can’t make this shit up, even if you tried. “The Fly” is just minting new money, on a daily basis—sort of like the U.S. Treasury minus the fucking homos.
[[MXB]] announced a secondary; the stock is eating pavement. Oil is gapping lower, effectively pile driving commodity stocks, with exception to [[RIG]]. [[SMN]] and [[DUG]] are sprinting higher.And, last but not least, [[CLF]] is being raped.
Thus far, I am up 2.5% for the fucking morning.
If the market can’t climb on oil being bled like this, there is no hope. My guess, there is some sort of bounce in the making. With my money, I want to be short the basic resource sector, long rig makers, while cash rich.
[[AA]] is reporting after the bell. They will miss, mainly because they are loosers [sic].Oh, by the way, now we know why [[VMW]] had such a big short position.
Fuckers.
Finally, I want to short all the industrial and basic resource stocks. All that stupid shit that makes up the ‘global growth’ story. I want to sell [[CAT]], CLF, [[X]], [[PCX]], [[TEX]], [[VMC]] and the whole gambit, if I may be so bold.
Top pick: Long SMN
Comments »Asia Deballed in Early Trading
Developing…
Comments »Staind: Can’t Believe
[youtube:http://www.youtube.com/watch?v=u6X1M-dL-zo 450 300]
Comments »My Trade is Complete
I covered all of my shorts, with exception to [[CLF]], [[MXB]], [[PACW]] and double inverse longs: [[FXP]], [[DUG]], [[SMN]] and [[TWM]].
Here are some final parting thoughts:
Was it a good idea to raise Fannie Mae’s GSE portfolio caps to $730,000? Everyone with an IQ over 100 knew it was a horrid idea.
When will CNBC stop inviting fucktards who have been poleaxed in this tape, in exchange for stock Gods like “The Fly”?
Finally, beware of more “this is the bottom” calls.
Top pick: long [[RIG]], short MXB
NOTE: [[FED]] hit 5 and change today.
Comments »How’s That Decoupling Working Out For You?
I always find it amusing when talking skulls espouse the theory of “foreign decoupling” from the U.S. wreck. Please, for the zillionth time, there is no such thing.
As sure as I’m sitting here, Asian and South American banks will get compressed into small pieces of candy, for the bears, on the news of a widespread/global housing crisis. If you thought the California real estate market was nuts, wait until you see what happens to the speculators in Hong Kong. Those fuckers will be swinging from lamp posts.
Swinging, mind you.
Assholes like Cramer have been sucking the balls off of South American banks. For what?
Those ham hockers know how to run financial institutions like “The Fly” knows how to operate a server farm.
Just in case you thought “foreign assholes” have been laughing at our banking crisis, take a look at their banks:
[[IBN]], [[HDB]], [[STD]], [[MTU]], [[NMR]], [[BBV]], [[RBS]], [[BBD]], [[ITU]], [[UBS]], [[CS]], [[DB]], [[BNS]], [[AIB]], [[SAN]], [[BCH]], [[BMA]], [[BFR]], [[BLX]], [[CIB]], [[BCS]], [[HBC]], [[KB]], [[LYG]], [[MFG]], [[NMR]], [[SHG]], [[WF]], [[UBB]] and [[WBK]].From my vantage point, thus far, the only bank unscathed is [[BAP]] aka “The Bank of Cocaine.” Obviously, they’re an “ag play.”
Comments »Bank Long Approaches Two Bears
[youtube:http://www.youtube.com/watch?v=dxHT9oPuqac 450 300]
Comments »ROFL @ FNM
What the fuck?
[[FNM]] just hit an iceberg, called California. Abandon ship and grab onto any floating doors and shit.My “Reverse Five Horsemen” of agony keep printing coin: [[FED]], [[PACW]], [[DSL]], [[CORS]] and [[FHN]].
Folks, we have a full fledged panic in the markets, with wheel chaired bank stocks leading the way. Sadly enough, I know some very good people who are heavily long banks now, trying to catch that allusive bounce.
There will be no bounce, only the “black flag.”
On this “Fairy Fannie” move, [[FTBK]], [[FMBI]], [[WFSL]], [[MI]], [[STI]], [[TCB]], [[WB]], [[ACF]], [[PJC]], [[BBT]], [[CYN]], [[RF]], [[PZN]] and all of the brokerage stocks, amongst many many others, are receiving the “Death Ax of Indecision.”
If you’re still long the market, please see your local shrink for a dose of psychotropics and sedatives.
NOTE: On this FNM move, other “GSE playas” are feeling the pain: [[NLY]], [[CMO]], [[MFA]] and [[ANH]]
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