Europe is up over 2% and the Chinese were up over 5%, them and their 5 stocks that were open for trade. Our futures are indicating a +195 at the open. Needless to say, I am not impressed.
Yesterday’s sell off and halting of the NYSE was a crime against humanity. For as long as I live, I will not forgive yesterday. Five hundred years from now, I will still be bitter about the NYSE halting and market dropping upwards 250 points, for no God damned reason at all.
Therefore, I cannot get excited over pre-market futures–because I know how stupid and dastardly this market can be. For all I know, we might close down another 250.
I was away on business today, pressing our rights because we are entitled. While I was gone, markets careened lower–poleaxing a wide swath of humans–sending them to the sewer pipes.
Asian markets are open and they are getting goon’d up, lower. And then you have the nation of China–absolutely insane. Their actions over the past 10 days is so bizarre, I’m starting to think they are trying to reenact our 1929 crash. Perhaps they believe it is a right of passage, for their investors to suffer extreme losses in order to wash out the excess–kill off a few hundred million people through starvation.
Either way, they’re retarded.
Why should I suffer because the Greeks and the Chinese have a deathwish? I should be able to go about my days without a care in the world, partake in grande stock market gains and pursue a life of leisure.
I am sure you tuned in to read about “Fly going off the handle again.” Nothing could be further from the truth. I took today’s losses, like all losses that came before it, with a calm normality.
As I watch China getting their brains punched in, down by another 6%, I am delighted. Why am I delighted? Am I a very sick man?
Let us revisit our recent history, shall we?
All of these declines in stocks and commodities have always resulted in one thing. What would that be?
QE, bitch.
Right now, as we speak, Grandma Yellen and the Federal Reserve are plotting and scheming to fuck up your shorts. They will act and pull the rug out from under your filthy feet when you’re leveraged most. How do I know this?
Again, we are saddled with $20 trillion in debt. Rates will not go up, ever. Moreover, the central banks have demonstrated, with insane ferocity, that they will do ANYTHING to reflate stock prices.
Read that again.
I am not saying they are interested in global growth. They want higher stock prices. It’s their hail mary pass, an attempt to create a “wealth effect” that will ripple throughout the economy. Thus far, they’ve been unsuccessful, so they cut oil prices in half. Maybe that will work? Give it a year and then judge.
But one thing is certain: the trillions of dollars that have been committed to the stability of markets will not be derailed by the butt-fuckers who reside at the ass-end of europe.
This market that you see here is an illusion and is transitory. Once this issue is dealt with, markets will roar higher and not look back.
I am going to keep adding to positions into this tomfoolery and will leverage into sharp declines, if need be. This is the trade of 2015.
NOTE: Yes, it’s true, Exodus is flawless in timing OS signal over the past 6 months, having nailed one this afternoon too.
Close but no cigar. On paper, we’re still fucked. Breadth was weak, albeit not apocalyptic like this morning. Nevertheless, the market has a lot of work to do, if it’s going to mount a rally soon.
China is hugely important tonight, them and their crazy ways. If they catch a bid tonight, odds are speculation will return–if only for a day.
Today’s purchases cemented CYBR as a top 3 holding, along with AAPL, SBNY and now CRM. ONCE is also a large holding, but illiquid. The CMCM and YHOO purchases were small and do not hold sway over my performance.
Bottom line: it’s good to be alive. But we’re not living yet.
I added to CYBR and YHOO. I also started new positions in both CRM and motherfucking #5: CMCM
The market reversal portends a short squeeze of wooly mammoth proportions. The zerohedge clan is now on the run, slipping into active volcanos, becoming one with the earth.
All of their parlour tricks are being called in today. Years and years of corruption, scandal, and abuse thrusted upon the American people have culminated to this very day: the death of the Chinese burrito.
Look at those intra-day losses, boy (extra Raul). These “take private” prissies are being taught a lesson in capitalism today. I am very sorry for those of you who got caught long. I understand and know your anguish. But there is a great good being played out here. These motherfuckers are getting their heads split wide open and all of their nonsense is spilling out onto the pavement (extra #5).
Nevertheless, where there is pain and agony, there is also opportunity.
Which Chinese burritos of honor have dipped enough to warrant our attention?
As you can see, the lower the market cap, the more depraved the stock action is. This, of course, is indicative of a strong retail presence being washed away here–a good sign for vultures, such as myself. You want to wade into these stocks and sell the reflex rally–for it will come fast and furious–without warning.
XLU is rising through the rafters and stocks are plummeting through the floor boards. People are wrought with fear, panicked, running for exits inside funhouses without doors, just mirrors and margin clerks.
Massive declines in risk names, especially hacker stocks, because they taste better crispy.
My average down in CYBR proved to be a tad early, as it slides down the path towards hell, greased with the blood of those who bought before me. ONCE is a little resilient, if only for awhile. And AAPL is AAPL, a $700 billion Vampire Squid, hard to move, even harder to kill.
The rest of my stocks are on the grounds prepared for scorched earth exercises. Naturally, we’re bearing the full brunt of Europe’s ineptitude, just like in WW2. Sure, have us do all the heavy lifting and bleed for you, as you sit idle on the isles of Martinique sipping daiquiris. This all happening on the eve of the birth of a shit city called Paris is extraordinarily apropos.
One way or another, the bear only crowd is going to get grape raped. I cannot believe they’re falling for the olde Greek backdoor bull trick. They will soon find themselves fashioned inside ‘brazen bulls’, cooking because the meat tastes better that way (extra cannibal!).
Look no further than the market leaders, to play the coming bounce.
Biotech, Hacker stocks, and Tech.
Fuck those Chinese shits. They’re all criminals with ski-masks over there.
My way to play the coming bounce is via AAPL, CYBR, ONCE and SBNY.
Fuck oil and the entire commodity complex. Also keep your position sizes human, and quit trying to be Jay Gould, and shit, out there with your piker assed accounts. After you’ve made a small fortune in the tannery business, then maybe you can sashay (no homo) in and out of stocks with style and a little pizzaz.
Until then, buy the fucking dips and shut up about it.
I doubled down in CYBR and added to ONCE. My largest position is APPL and cash is upwards of 20%. Needless to say, I skirted today’s festivities and look forward to acquiring your margin calls tomorrow morning.
Having said that, I’ve given up almost 7% from the top of the market and now find myself mired in the midst of naked gorillas, trying to banana rape me into submission. “The Fly” is readying his ape killing trebuchet and will be very aggressive in his booking of profits, should they, per chance, happen to fall upon his person.
See how that rally fizzled out, just when you were tempted to buy in? They do this on purpose. They try to ruin you on purpose, not for monetary gain, but for sport.
I haven’t even opened my trading turret today. I just ate a turkey sandwich with a side order to two fucking barrels of coffee. I am sure most of you had carnivale food for lunch, entailing generous portions of hot dogs, kettle corn, corn dogs, deep deep fried shrimps, funnel cake and of course frenched fries lathered in cheese, gravy, bacon bits and meat.
You’re a disgusting man.
Be mindful of the fact that the margin clerk will be making her rounds after 3 o’clock this afternoon. The selling will likely exasperate, lending an element of terror to an already fretful tape. This market bottoms when Wall Street is flooded with the tears of the self-directed investor.
This is exactly the sort of market that Exodus was built for. We’ve already did the free trials. I invite you to join our ranks now, before it’s too late. As an aside, if you’re interested in the OVERSOLD/OVERBOUGHT levels of your favorite stock, or all of my buys/sells over the past month, email [email protected] and he’ll shoot it out to you, FREE from charge.
Our generosity is without boundaries and it will continue to amaze you, without ever ceasing–not even for a solitary moment.
