I read today’s move wrong. I should have been selling, not buying. Then again, the day isn’t over yet, is it? Nevertheless, all of my buys were at bad prices, for today. Perhaps in two weeks, those prints will look ingenious. However, for now, I’m feeling pretty fucktarded for allocating fresh capital to this stupid, motherfucker of a market.
The math all makes sense. Thanks to the market being controlled by computer trading programs, all you have to do is understand what the computer is, umm, computing. They do not like BP, APC and RIG getting raped, at the hands of the U.S. government no less. It makes no sense for Obama to talk down the share price of BP, BEFORE they have paid the U.S. government for damages. That market cap can be used for raising new capital, in order to pay off damages. Look, the Obama administration is AS DUMB AS IT GETS, folks. I thought Bush and co. were retarded. Boy, these fuckers make Bush look like someone who is qualified to rule the free world.
By the way, a BP bankruptcy will be catastrophic for the market. They are a monstrous company, with a very large r&d budget. Be careful for what you ask for, with regards to a BP bankruptcy, for it might end up raping you.
Also, the computers do not like the Yen trading up. Slap FXY on your 15 inch monitors. When that fuckers ticks up, hold your buy orders. And, as you know, we are all fixated on the Euro. If FXE goes lower, be careful.
Look, I made my call and I will give myself a few days to be proven wrong. Should things go against me, in an egregious way, I will simply pick up the pieces and make it all back. For now, my 30% cushion puts me leagues ahead of my so called competition.
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