I bought some AMKR and GS today, because I can. My cash reserves are all but depleted (7%), thanks to my recent buying binge—fully acknowledging the markets magical powers with regards to clams with beards. Unfortunately, The PPT is registering the highest score of this rally, at 3.18, making it the first real OVERBOUGHT signal of this cycle, thanks to 75%+ of large cap stocks being rated buy or higher.
What does this mean?
Most likely it means we fishtail higher. Do you QE2? I most certainly do; thank you very much.
I’m highly dysfunctional; I realize that. Put “The Fly” in a room with stocks and a dozen cold callers: there will be blood.
The good news is I won the CHINESE LOTTERY today, via large position in PWRD. Did I sell into a 13% melt-up? Of course not, you brainless idiot. I want another 13% tomorrow, so that I can buy new rims for my car. My dart throwing skills are greater than anything you can imagine. One day, I will do a video, displaying my dart throwing accuracy, in “difficult” markets, such as this.
On a serious note, if I had a dog’s brain, I could make money in this tape. Wait for the top and embrace the elevator ride down, you little trollops.
[youtube:http://www.youtube.com/watch?v=nhjRmhP2f-8 616 500]UPDATE: PPT closed at 3.08 aka NOT OVERBOUGHT
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