We’re in Stupidville, Again

Okay, it’s time to consider the possibility that fucktards are indeed running the trading turrets, unable to read news clippings or financial statements.

The market should not have traded up today, but it did.

As a result, I will look to overweight some longs tomorrow, providing today’s pattern persists.

On the top of my list, is the “Bank of Cocaine” aka [[BAP]]. And, as you already know, I like a variety of oil/gas stocks.

With regards to my shorts, I will add to [[FXP]] and [[SRS]], only on dips. And, I am keeping [[FED]], until the turd hits single digits.

All in all, today was a MASSIVE win for the bulls. If we are to follow the recent trend, the Dow will retest 13,000, yet again.

Shorts are scrambling here, covering their bets in a variety of bank names. As you know, I covered most of my bank shorts yesterday, with exception to [[FED]].

I’d wait for a bounce to nail the banks again.

In other news, [[HANS]] looks good here, based upon a potential [[BUD]] buyout.

But, by far, the best looking stocks are in the oil/gas space. My favorites, right now, are [[PCZ]] and [[FTK]].

And, don’t forget, the ethanol plays are working, in a very quiet way. There, I like [[VSE]] and [[AVR]].

If you have been in a cave all day, rumors are swirling that [[LEH]] needs capital.

Unfortunately, I only have a small short position left. I kept some as my “Hail Mary” play, hoping for another Bear.

Oh, and, [[FED]] is going to hell in a hand basket.

Good reverse times.

This market is easy to trade, providing you stick with the trends. It’s easy to fuck up when you over think a trade or a strategy.

For example: Oil at these levels defies logic. Yet, just giving into the fuckery has made oil longs very happy, over the past 6 months. The same goes with ag.

As you know, I was shorting ag related names, with great vigor, only to book a quick 25% loss on [[SMN]] and hold an unrealized loss in [[POT]]. Obviously, shorting ag was a dumb, pedestrian like move.

For the most part, being short financials/long commodities has worked, with God-like efficiency. Why should that trade reverse?

Until it does, I have no problem with pairing my bank shorts with oil/gas/ethanol longs.

The following financial stocks can’t get out of their own way:

KEY, ABK, RF, FED, WB, WFC, JPM, LEH, MER, MS, GS, FITB, STI, FHN, CORS, DSL, BPFH, CRBC, UMPQ, SUSQ, MTB, UCFC, IBCP, ADVNB, HBAN, MII, HBHC, SNV, WBS and HRH.

The following commodity related stocks can’t stop going up:

MOS, POT, CF, AG, TNH, SQM, SYT, MON, VMI, LNN, ANR, BEXP, SWN, UPL, DO, RIG, NOV, HERO, ESV, ATW, COP, SU, MCF, EOG, SD, BTU, ARD, BUCY and JOYG.

Feel free to add your own names.

Bottom line: Why try to outsmart the market, when it is giving you coin, on a golden platter?

I bought 5,000 [[FXP]] @ $70.85 and 5,000 [[SRS]] @ $86.12.

Disclaimer: If you buy the above ETF’s because of this post, the wood paneling in your office will fall off. And, you may lose money.

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Once again, “The Fly” will make all of you look silly, like a gay giraffe driving an ice cream truck. Much to my chagrin, the banks are on the express elevator down. It appears the pending liquidity crisis is coming sooner than I thought, as evidenced by today’s news from [[AIG]].

At the present, I am heavily short [[FED]], with great pleasure. Also, I may take the “internet advice” of the one called “JakeGint” and sell some [[FITB]]. It doesn’t look much better than FED.

For those of you who believe [[FXP]] is going lower, sell it short. I beg you to do it.

Nothing will please “The Fly” more than taxing your bullshit brokerage accounts and using the proceeds to finance some egregious landscaping project, via “illegal immigrants.”

Take a look at the banks, you fucking faggots; they’re knifing lower. Why?

Well, you will all learn soon, why this crisis is 100x worse than the LTCM debacle of 1998.

At this point, “The Fly” is not able to assist you; it’s too late. The wheels are in motion; the roller coaster is already on the incline, ready to dive.

I’ll have you know, all day, I’ve been preparing for an “exogenous event” via multiple short sales. I must be careful of what I espouse on this stupid blog. But just know, “The Reverse Four Horsemen” is a “reverse money maker,” which includes: [[FHN]], [[DSL]], [[CORS]] and FED.

This just in:

I employ many people. One of these individuals happens to be a “chart chomping” fool. Every day, he prints out like 10,000 charts and draws ridiculous lines on them.

I tell him: “Hey fuckface, why not wear a Nostradamus style hat when your predicting the future over there”?

His reply, like other “technicians,” is: “I am looking for breakouts of the 50, on large volume, out of a base.”

As you know, this is all rubbish. He, like other “technicians,” just make this shit up as they go along. When their charts work, they say: “classic breakout.” When they fail, they say: “this was an unusual exogenous event. An anomaly, if you will.”

They (chart chompers) believe they have found the keys to the secret treasure or some shit. When in reality, all they are doing is buying shit that is going up anyway.

Hey asshole, when a stock is ripping higher, 10 out of 12 days, it’s not rocket science when it goes up a couple more.

Anyway, “my guy” is telling me: “the FXP looks poised to bust the fuck out. And, CHL looks doomed for a 6 handle.”

I tell you this, with the utmost amount of selfishness, because it fits into my “fuck China” thesis.

That’s all. I just wanted to say that. Now quit reading this and go eat a cupcake, you fat bastard.

UPDATE: AlphaDawg speak the truth. Fuck Chairman Mao and his fucking boxes.

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Following a glorious week of splendor, “The Fly” had his balls busted to the tune of 3.1% today, thanks to a sharp decline in FTK. However, I did catch 10,000 shares long, near the lows of the day. Also, late in the day, FXP knifed lower. The ridiculous part of the FXP decline is that it shouldn’t have traded down. CHL and LFC make up the majority of FXP‘s bear bets, and they were down.

Will some-fucking-body explain this Chinese fuckery?

All day, I covered numerous shorts. They were all egregiously profitable and big wins for “Senor Tropicana.” However, my cash position was very low (less than 1%); therefore, I felt like bulking up in the event of a classic bounce—following a sharp decline.

AAPL, RIMM and other big tech charged higher, as retards manned trading turrets.

In short, I have little interest in making big directional bets. Instead, I will trade here, invest there, sort of bouncing around like a loose cannon ball—ready to explode. Without a doubt, the economy will continue to slow and many banks will be closed.

Shockingly, the leverage in the system is at all-time highs, following the “credit crisis” hitting the front pages. My guess, all of our brilliant bankers are stuck with their bullshit leveraged bets and are afraid to sell—which may lead to a domino effect—leading to massive write-downs.

In my opinion, all of the banks will report disappointing numbers and will have a very difficult time raising money in the future. While it’s true, the banks have raised an enormous amount of coin, over the last 6 months. It’s also true, that is their detriment now, as the main underlying asset behind their paper depreciates at an alarming rate.

However, I am waiting for a bounce in the financials, before reentering short. At the present, my only short position is FED and a little LEH.

Aside from the banks, I have POT short and a myriad of 200% inverse ETF’s.

For now, my top pick has to be FXP, due to its fuckery.