Only Congress Can Stop Us Now

I am expecting a most absurd rally. Unfortunately, I am not focused on stocks this morning, due to the ongoing operations at Casa del Fly, this time of the flooring variety. Mrs. Fly has decided to ditch the remainder of the rugs in favor for wood, which is fine with me. The only problem that I have now is the 5 Mexicans upstairs banging on my floors with their little rubber hammers.

Regardless of whether we shoot higher today, tomorrow or next week, rest assured, we will shoot higher, led by housing related stocks.

Do your homework and buy the dips.

NOTE: Yes I see GOGO this morning.

The market is going to continue hit new highs and I will be buying them.

I realize the debt ceiling topic will be something to “worry” about. But the truth is, congress literally as to rectify this situation, one way or another. It’s not like they can just shut down the government and go home. At the end of the day, something will be hashed out and any dips produced from CNBC fear mongering will be bought.

Think about what suffered, over the past 2 months, thanks to CNBC fear mongering over “tapering.”

All things related to rates, precious metals, bonds and construction plays. I am going to buy them all. As a matter of fact, I believe many housing stocks are 30% undervalued, based upon inane assumptions of rates skyrocketing to the moon.

This is the new normal.

POMO (permanent open market operations) all day, every day, suppressing rates–inflating asset prices. The ultimate result is a semblance, or perceived notion, of inflation. Taking a granular look at the market, you will want to be long names like MHO, HOV, USG, FBHS, MAS, RLGY, O, MTG, PGEM and even the god damned precious metals. They should be back in play, as “reflation” of bonds buttresses the idea that inflation is a distinct possibility, since the Federal Reserve proved, yet again, it’s damn serious about the idea.

What do buy?

I am going to switch my focus away from tech, for the time being, and into this thesis. MHO will be my largest position and I will buy this thesis, continuously, as long as TLT trades higher.

10th symphony! friendo

I am very constructive about today’s move. I feel, barring some government foul up with the budget talks, this market is destined for higher prices. I know you’re scoffing at my bandwagon jargon. But that’s just the way it is, pal, not the way you want it to be.

I’ll be allocating money, up at these levels, over the next few days.

If you haven’t checked him out by now, today’s the perfect day to give The Option Addict a shot, with his After Hours webinars–starting at 4:30 NYC time (the only times that counts).  That’s not to take anything away from the boys inside of 12631, also on fire.

The train is gone. Only congress can stop it now, by throwing citizens in front of it.

Here was today’s biggest movers, by sectors:

I bought a gargantuan position in MHO. The homies are all going to new highs, within weeks.

They just don’t care about the consequences.

An old phrase comes to mind: if it isn’t broken, don’t fix it.

My problem is the lack of long exposure into this surprise. With just 60% of my assets invested, I have work to do. Right away, I am looking at what got hit the hardest due to CNBC fueled “taper talk.”

Homies, Reits and other rate sensitive plays come to mind.

Large hedge funds look for certain criteria when picking stocks to buy. First, they need to be liquid stocks, trading at least 250k per day. Secondly, they need to have enough shares outstanding to absorb 9 figure position, putting the market cap minimum above $1 billion.

If you’re thinking about putting your money with a manager, ditch that idea and just select 10 stocks from the list I am about to post and go eat a sandwich.

YELP

OIS

DVN

WFT

EOG

BX

GE

OSK

NOW

FDX

URS

CRM

CTSH

MMC

BA

GM

BIIB

CE

The list goes on and on and on. Funds are buying the same names, which opens up opportunities in small caps who are being left out of the buying frenzy. The problem with small caps is boredom. Before you get a move in small caps, you may need to endure months of rank nonsense, watching those stocks trade stupidly, as everything else melts up.

If Bernanke doesn’t taper, TLT will rip higher, along with stocks, by at least 1.5%.

The most likely scenario is a $10-15 billion taper, which might be market neutral to moderate weakness. If, however, the great bearded one decides to “correct” the market with a taper greater than $15 billion, you are going to regret the day you were conceived. Because of this, I have a 40% cash position, listening to Chopin, throwing the bone around the house for the dog.

As an aside, it looks like the new iPhone is getting great reviews, which bodes well for GTAT and RBCN, if in fact sapphire is being used for the home button. People who know how to do channel checks are suggesting pricing is firming, so you might want to keep your eyes on those two for explosive moves, especially RBCN.

FLTX is doing a secondary today. That’s another name that I like for the long term, along with WDAY.

Lastly, I want to own MHO and OWW–but at slightly lower prices. It’s worth noting, the BDI index has been shooting higher daily. My favorite dry bulk shippers are EGLE, SBLK, GNK and DSX.

You gobblins are going to lose all of your money one day, playing with your margin accounts, betting on stocks. You know and I know it.

I see how people treat their money. They view it as numbers on a screen, not real, like true gamblers at the OTB. Degenerate pigs, betting on an upward spiraling tape into World War III. You should be ashamed of yourselves. If your parents were alive, they’d punish you and send you to your room.

The market has a putrid scent of perfume, a decadence I do not care to shower myself with. I can see tomorrow’s headline today (time machine) and it spells doom for many in the reader class of the SS iBankCoin.

You trust in online gurus, who do nothing other than blabber a few things on the teevee or type a few words into the computer. But they’ve never suffered with client assets. They’ve never a had 6’5, 250lb client show up at their office (RAMP’d), unexpected, at 8am to discuss why their stock was down 50% the night before. All they know is the blog, the online persona that protects them from reality.

“The Fly” shields himself, not for the sake of himself or his family, but for the protection of his readers. I’d kill every last one of you if anything interrupted my nightly cup of Earl Grey tea (a little milk and a dash of honey).

The Federal Reserve is going to disappoint tomorrow and those who are leveraged long are going to lose 3 weeks of gains inside of two short, yet dreadful, trading sessions.

http://www.youtube.com/watch?v=FGwz_MoSCqA

I own size in YELP, ANGI, IMMR and POWI, which is allowing me to participate in this run up. But I have no interest in jumping into a fresh batch of speculation, ahead of what can be a stark moment in the history of the exchange.

As an aside, I find it humorous that all you baby boomers blame “violent video games” for mass murders. Look friendo, just because you were subjected to playing with marbles and wooden rocking horses as a child doesn’t give you an air of superiority. As a matter of fact, your generation is the very worst generation since the collapse of Rome. Instead of playing with games, you hippie communist bastards gleefully took up the avocation of heroin usage, at a time of war.

Shame on the baby boomer generation for what they’ve done to this country, shaming the very best generation (their parents) by tarnishing this country with ineptitude.

Technology is a good thing, even video games.

The market is very risky from now until the close of trade tomorrow. “The Fly” is up 53% for the year and is busy listening to Chopin, whilst working out at the gym, preparing to rip the heads off his enemies like overripe peaches.

Despite having a ravenous appetite for more gains, I’m inclined to wait out the Fed meetings, due to the potential risk of “taper.” We were down a whole 3% in August, marinating in the depths of squalor and barbarism. Now we’re up 4% in September, with commentators gleefully sashaying in and out of CNBC’s studios declaring “higher prices ahead.”

The momentum trade works until it doesn’t.

I like FSLR down here, especially with The PPT flagging oversold. However, historically, solars perform dreadfully in October. I’ve regained market supremacy in 2013, following a disappointing 2011 and 2012. The formalities of the Fed meetings are somewhat meaningless in the long term. We know the government cannot afford higher rates, being saddled with 16-17 trillion in debt. Rates will be low FOREVER or until the country dies. Knowing that makes worrying about dips superficial. You’re all jackasses, gay giraffes driving iced cream trucks.

Let the weak and financially disabled fritter their money away, betting on Fed day. If you’re up like me, there’s no reason to play along with the amateurs.

Here’s to the professionals.

Cheers!