Bulls Get De-balled in First Trading Session of 2008

“The Fly” doesn’t feel sorry for you. You were given three weeks notice of pending doom, yet did nothing to protect your family from swift “de-banking.”

Now, many of you feel the short trade is “crowded” or “long in the tooth.”

Fuck you. I don’t think so.

I’m very busy now. So , I don’t have time to explain the intricacies of how this game works.

Just know, fund managers will position themselves accordingly, early 2008, much to your chagrin.

I bought 1,000 [[EEV]] @ $75.68.

Disclaimer: If you buy EEV because of this post, your water heater will burst. And, you may lose money.

[youtube:http://www.youtube.com/watch?v=8RHBOfM9CFQ&feature=related 450 300]

Apparently, the bull asked the bear to look at him.

I bought 2,500 [[FXP]] @ $78.75.

Disclaimer: If you buy FXP because of this post, “The Fly” will buy your house in foreclosure, in 2008. And, you may lose money.

Over the weekend, I was doing some screens and found [[CMO]]. With the word “mortgage” in the company name, one would think the stock would be getting killed. But, it is thriving.

Plain and simple, 99% of CMO‘s holdings are Gov’t agency bonds. As rates go lower and the spreads widen, they bank even more coin.

Also, because they have REIT status, the company will pass the extra coin to you (leech investor).

During the last rate cut cycle, CMO went from $8-34, while paying off loads of dividends.

Barring armageddon, CMO can be an interesting play, as rates drop.

Over the next week, I will highlight stocks on my radar, in order to help you understand how men with greater intelligence operate.

Viz.

While you incur large market losses today, “The Fly” laughs at your folly.

I fucking warned you this would happen. I told you: “during the first two weeks of the New Year, the ‘homo-hammer of certain death’ will rain down on your gay heads. ”

What did you do to prepare?

You bought more high beta securities.

Tonight, while driving my plutonium powered time machine, I’ll be sure to buy your house, in foreclosure—sometime in the near future.

What to do now?

Fucking sell, asshats.

I’m keeping my [[MVIS]] lotto tickets, mainly because I feel CES will kick ass.

Additionally, I will add to my burgeoning short positions, via [[FXP]] and [[SKF]].

And, I feel [[LEH]] blows. I will sell them short three times today.

Off to celebrate, via throwing large painting at my trader/servant.

[[MVIS]] unveiled its new standalone projector, named SHOW.

Without doubt, the new device kicks ass. Now, let’s see how the market likes it.

Having a real time machine is a curse, not a decadency.

[youtube:http://www.youtube.com/watch?v=Atz6ojI5rD4 450 300]

“How ’bout a year end Asshat of the Year Award?”

Angelo Mozilo, CEO, Countrywide Financial 

Oh, there were so many candidates, for “Asshat of the Year Award” in 2007, since there were so many asshats. However, I think it’s fair to say, Angelo “stole the cake,” ate it, then baked a new one.

Mozilo, not to be confused with Firefox’s “mozilla,” or former Met “Lee Mazzilli, is an asshat.

I refuse to explain the reasons as to why Angelo is an asshat. Just look at his stock, [[CFC]].

In short, men like Angelo fucked up the world, with their weak lending standards. Many people will lose their jobs and have their lives flipped upside down, thanks to the retard-in-charge at CFC.

Congrats to Angelo.

A true master in the arts of Asshattery.