HOW’D YOU LIKE THAT?

I looked into the depths of hell and decided to spit in its face. The end result is what I deem as a ‘best case scenario’ with today’s ‘key reversal’ washout. Some weaker men will take this respite as cause to sideline themselves, like crabs. However, I think we have at least 15% upside in most growth stocks during the month of May.

I have written off April. I am not counting on this rally to continue forever. I expect to exit April with egregious losses, but not too much lower from here.

Bottom line: Ditch the dividend old man stocks, man up, and go long growth.

NOTE: My losses for the year stand at -24%

https://www.youtube.com/watch?v=ysWRb9bqB-Y

Courtesy of The PPT‘s flawless track record in measuring YELP, I added to my position.

If I keep buying and buying, eventually I’ll be right. All that aside, this is the first time since YELP’s drop that the algorithms flagged it as OVERSOLD.

I cannot find a single instance when a group of stocks, like tech, fell this far in such a short period of time without bouncing. I have looked at the data going back to the late 90’s and it is an absolute black swan to expect stocks to trade down in May, following a collective 30-50% beating during the months of March and April.

This included 2000, 2008 and 2009, during the worst stock markets known to mankind. What is so exactly unique about this decline to warrant another leg lower in May?

While we might drawdown another 2-5%, from now until the end of April. I am having a hard time justifying selling now, aside from my desire to “just end it all”, which is being guided by the weaker side of my emotions.

When I said I could hold my breath a long time, I meant it.

I know this is the car wreck that most of you wished didn’t happen; but you come here to see it anyway. As my stocks careen lower again, a very common question is “how are you holding up?” or “how does it feel?” Honestly, if you’ve been in the market for more than a decade, I am sure you’ve had some really bad draw downs, so you should already know.

For me, this is a little different, especially since I had such a great 2013 and kick ass beginning to 2014. To undergo this sort of carnage is surreal and I know it hasn’t hit me yet, the daunting ramifications of it all. The dream of a V-shape recovery is scoffed at over here, meaning my office. I am almost resigned to the point of apathy, waiting it out, in between bouts of frenetic energy that says to just sell it all and start fresh.

Again, I want to keep an honest dialogue here, so I can tell you that the idea of selling everything and “starting fresh” is very appealing to me, even if it meant I sold at the lows. You can’t change what’s already done and a stock is only as good as tomorrow’s closing price. Whatever happened in the past happened. It’s no use lamenting over it and wallowing in misery, since that’s counter-productive and doesn’t help anyone.

To answer your question: shock is the best word to describe it.

Everything was all fine and dandy until a war broke out in the Ukraine. I can’t say for certain that this means nothing, since our government seems to be pretty hellbent on protecting Ukraine, in some shape or fashion. All of the comparisons of Putin to Hitler are a joke. It’s a sad situation for the good people living in Kiev and I’d hate to be living there right now, looking down the barrel of a Russian gun. However, on a macro level, the Ukraine isn’t very important to world trade.

I hope this can get resolved peacefully, through some good old fashioned diplomacy. This truly is Obama’s defining moment as President.

As for stocks, they’re frightening right now, the way they’re whipsawing back and forth. However, it’s worth noting they are going much more back than forth. Nevertheless, I remain constructive around the idea of stabilization. It’s a very contrarian opinion, one that I’ve been wrong on for some time now, digging in my heels to the point of absurdity. But aside from the action of the past 6 weeks, we’ve certainly crossed the threshold of significant oversold levels late last week. Any further deterioration is simply salt atop the wounds, gratuitous gluttony mixed with fear on behalf of the market assembly.

While it may succor me to think that the bounce off the lows will be fierce and magnanimous, there hasn’t been too many signs of optimism.

One can still dream of upward reversals, bears running down narrow corridors, trampling over and skewing those in their way. In glorious fashion, the market would soar to new highs, amidst earnings beats and upped guidance. Putin would be declared a “miscreant fool”, as the UN bombed the Kremlin into a garbage can.

One can dream and dream I shall. Until then…reality.

So far, this is the biggest single day draw down for gold since the taper day. If bonds can get hit too, dare I say, we are setting up for a really rip roaring market here today.

There are some dislocations in the market, due to high margin interest, margin calls and fear. The forced selling will abate, as the market stabilizes, and those with ample cash reserves should fill the vacuum and bid stocks higher–at some point in this bear cycle. Even if you are the biggest, grizzliest bear, you should know, based upon market history, that drawdowns take time. Bear markets extend over a long period of time, torturing longs with small drops, false moves higher, then large gaps to the downside.

Aside from the high growth drawdown, the general market is doing just fine.

The only reason why I stubbornly stick to my bullish thesis is because I am conditioned, via 5 years of uninterrupted stocks market gains, to believe that the stock market is the only thing worth saving in America. There is a lot of liquidity out there and no place to put all of that money.

Argue against it all you like; but buying any dip, no matter the news, has been a winning strategy since 2009. Pray tell me, why is it different this time around?

All of you manure eaters, bragging about your short positions, offering me expert financial advice on the markets, will soon see those god damned perverted erections cut off, and nailed to the wall.

Do you hear me you faggots?

Nailed to the wall!

Truth be told, when the market’s reversed lower today, I wanted to die. I turned the screen off and ate some grilled chicken, made a few calls, and watched the teevee. I am not thrilled by today’s action, but happy enough to spit in your face. You rotten rats greedily piled into your shorts at the lows, hoping we’d cascade lower. Now you find the shoe on the other foot. You’re all going to die soon, especially when this market jack-knife’s higher and flattens your head into the pavement.

In all of my years blogging on the internets, I’ve never witnessed so many malcontents, people deserving of death by torture.

In the end, we all get what we deserve. I can only use the tools available to me and not deviate from my passion, otherwise I am lost. Will I regain all lost coin and completely kill all of my naysayers will one giant act of violence? Perhaps. Stay tuned.

What a rally, from 10am until 12pm. I mean, seriously, it was very cool and awesome.

But it’s all over now and the margin clerks are here, liquidating into the bell, punching people in the face with brassed knuckles. I’d like to be wrong here, but the inevitability of a runaway market to the downside is all but a foregone conclusion.

Always remember the good times, but never forget to embrace the horror.

When the chips are down, you get to see inside of the souls of people. When times are good, we all wear the facade, acting pleasant with one another, tipping a hat, holding a door. But when things get hard, you get to see the guy who’d slam the door on a woman’s face, or stab another man in his back for a box of cereal. To a lesser degree, we get to see it here too, inside of the comments section, where all of the trolls reside.

For some reason, these people are jealous of me. I don’t know why, as I can’t think of any particular reason why one would be envious of my life. I live rather modestly, indulging myself on occasion with things that aren’t too absurd, and generally try to treat others the way I’d like to be treated. If I’ve ever mistreated anyone here it is because he or she earned it.

Don’t get me wrong, I am not asking for leniency. It’s not in your nature. I’ve never had any confidence in man, as we are a barbaric, backwards, species, always clawing at one another in the never ending rat race for dominance. You know, the bible and the ten commandments were invented because of guys like you, a bunch of Eddie Barzoons running around, out of control.

Now I’ve been kind enough to let you all in, as I’ve undergone the largest drawdown of my career, so that you could vent your misplaced anger towards me. But don’t come to the site, impersonating me and insulting people with childish remarks. That, I will not have.

As for the market, believe it or not, I just bought more EGRX and FEYE. Maybe I have a death wish, or maybe I like cheap stock.

Remember, cancer is right around the corner (extra ASCO).