This 4th of July Belongs to China

I realize many of you Americans like to eat hotted dogs and frenched fries during your nations birthday. You hang around the pool, with your fat wife, texting your mistress. You guzzle can after can of “Coors lite” and Budweiser beers, inebriating yourselves to the point of stupor. Then you blow off each other’s fingers with small sticks of dynamite (made in China), pretending to reenact, in some sort of perverted way, the revolutionary war.

As all of this happens as the sun gods shine on the magnanimous nation of China. Gone are the days of fortune cookies and #3 fried rice specials. The 21st century belongs to China. Get used to their accounting practices for they will soon become the gold standard!

Being the sagely sage that I am, foreseeing these events, I positioned myself alongside the communist party aka “The Red Chinese” through the purchase of LEJU. I’ve been a spectator of the great chinese burrito for a long time and now it’s time to join in the fun.

Finally, I will have you know that I intend to liquidate some of my American domiciled names, before this 4th of July, in favour of equities that hail from the land of mandarin.

God bless Beijing.

This is exactly what I said would happen: sharp melt up into the summer. If we are truly traveling down the path of 2000, which I believe we are, the market will continue to offer cold, hard, cash for speculators until late August, until the second coming of the Apocalypse strikes down those nearest to you.

To be clear: I am very long, very bullish and antagonistic to anyone who isn’t. However, this market goes down for the count in the fall.

Bull versus bear has never been displayed so elegantly than this scene.

Today’s buys were LEJU and ONVO.

It never ceases to amaze me how riled up some of you unsuccessful types get when I post a buy. It’s as if you took great offense to the company I purchased shares in because it was responsible for killing your grandparents. Why is it hard for you to understand that there are investments and then there are trades? Moreover, if my recent purchase of ONVO should go astray, do you really think it will hurt me, materially? Do you even trade, bro?

I’m not buying size here, folks. I understand that the sector is fluff and undergoing a squeeze. If I lose a quick 10% on 0.25% of my assets, so be it. The bulk of my investments are tied up in other names, ones that are outperforming.

When I sold TSL this morning, I did so because it was barely up in a robust tape. I don’t have time to play games with underperformers in a rip-roaring market. If my rapid fire, ADHD like, trading is too much for your to bear, please, look away and save yourself the anguish of getting angry each and every time I do something that you disapprove of.

Aside from that, I am looking for the market to rip tits into the bell. I told you we were going to get an epic squeeze–well here it is. It’s the celebration of our countries birthday. Anyone who dares to get in front of that shall be on the receiving end of a George Washington era musket ball in fairly short order.

Artificial organs and blood are all the rage these days.

As a result, an epic short squeeze of biblical proportions is taking place in the 3-D space.

To 3D print vascular networks, the researchers fabricated fine, interconnected fibers with an advanced bioprinter. Then they coated those fibers with human endothelial cells — these sit between circulating blood and vessel walls in the interior of blood vessels — and subsequently applied a protein-based material. They hardened the whole structure with light, then delicately removed the fibers, leaving behind an complex network of hollow cell material. After a week, those cells organized themselves into stable capillaries.

Cells inside the bioprinted vascular networks survived, differentiated, and proliferated at better rates than cells that received no nutrient supply, the study found.

“Imagine being able to walk into a hospital and have a full organ printed — or bio-printed, as we call it — with all the cells, proteins, and blood vessels in the right place, simply by pushing the ‘print’ button on your computer screen,” said Bertassoni.

I bought ONVO.

I bought more LEJU.

I sold out of TSL for a 6.5% profit.

I bought back BALT, following an explosion to the upside in Capesize rates. China is red hot now.

The wall of worry is steeper than ever. There are more bears trapped in this tape than ever before. They really did think ‘this was it,’ the proverbial top, the redux of 2000 with all of its hideous trimmings.

PREPARE FOR THE SHARPER END OF MY BLADE.

Today’s melt up will be ordinary for men of industry, those taking advantage of a seemingly perpetual melt up in stocks at the expense of the old man who used to own CDs. Rates are low and will continue to stay low. The stock market is the only game in town.

I’ll have some actionable ideas for you throughout the day. For now, my top picks are my in my own book: RUBI, TSL, LEJU, IFON and PE.

This just out.

China’s manufacturing activity grew at its fastest pace for six months in June, suggesting that recent stimulus moves have started to have an impact.

The official purchasing managers’ index (PMI) rose to 51, from 50.8 in May.

The PMI is a key indicator of the sector’s health and a reading above 50 shows expansion.

China, the world’s second-largest economy, has taken various steps in recent months – including cutting taxes for small firms – to help boost growth.

Last month, China’s central bank said it will cut the reserve requirement ratio (RRR) – the amount of cash banks needs to keep in reserve – for banks engaged in lending to agriculture-related businesses and small companies.

China’s central bank, the People’s Bank of China, said it would also encourage banks to lend more to exporters to boost shipments.

In April, the government said it will cut taxes on small firms and speed up the construction of railway lines across the country.

The government has also announced plans to build railways, roads and airports along the Yangtze River – which connects China’s less developed inland provinces to Shanghai.

China’s economy expanded at an annual rate of 7.4% in the January to March period, from a year ago, down from 7.7% growth in the final quarter of last year.

Get long Chinese burrito stocks with reckless abandon. I am long LEJU.

The market barely budged, yet 90 of the 100 stocks in David Einhorn’s ‘bubble basket’ went nuclear to the upside. I have so many names ready to bust loose, a cornucopia of future winners. It’s ridiculous, really. I am going to post about 10 of them inside of The PPT this evening, as a reward to the initiated, not you bedraggled misfits.

I have a better mind than to waste my time speaking to microbes. But I can’t help myself. I’m addicted, like a garbage man picking through his treasures, or a pharmacist making believe he’s a doctor for all of the elderly women in wheeled chairs.

THIS IS WHAT IS GOING TO HAPPEN NEXT.

We are going to see a spectacular event in the market, within the week, if not sooner. All of the heavily shorted stocks will ‘harpoon’ higher, nailing those short to the bottom of the ocean floor–with the rocks and clams. All of the people on Twitter, the Wall Street 2.0 crowd, will cease offering financial advice and go back to the slums of Canada to play hockey.

Le Fly will be victorious, triumphant even–amidst great gains and greater violations against international laws of war (extra mustard gas).