For the record, I am not short [[MOS]]. In an odd twist of genius, I covered it all, below $95—a few weeks ago.
If you’re a bull, you have to be fucking thrilled with today’s non-farm payrolls. Think about it.
Who gives a shit about U.S. jobs, when there are plenty being created in China? After all, the U.S. stock market is no longer dependent on the U.S. As a matter of fact, big companies, like [[KO]], [[PEP]], [[CL]] and [[CAT]] urinate on the U.S., while taking advantage of the “global growth story.”
Fast forward ten years, the whole country will be one big “shanty town,” but [[X]] will be at an all-time high, thanks in large part to the wonderful emergence of China.
Regarding steel stocks:
Is anyone remotely interested in knowing why they are raising prices? I guess people think it’s just another “global growth play,” right?
How about sky rocketing iron ore and coking coal prices? Does any of that shit resonate with you?
As you can see, “The Fly” is a very sore loser. He is not pleased with recent losses, including his inevitable defeat in the Final Four contest.
Taking a step back, I can tell you, it is natural for the markets to rip higher in April, following an abysmal first quarter. Go ahead and look back at your stupid charts. I’ve already done the leg work.
However, typically, these April respites do not last. I would bet my head, that by May 11th, the market is lower than where it is today.
If the market were efficient, they’d meet today’s payrolls number with a fucking mountain of sell orders. However, instead, the bulls are running around, high on excess cocaine, acting like a hungry mountain lion on the floor of the exchange, just biting people’s arms off and shit.
Bad guy UPDATE: [[FED]] to zero, motherfuckers.Comments »