I made fun of “The Woodshedder Prophecy” yesterday for saying “we need several 800 point drops,” in order to form a bottom. Scratch that idea.
I am going to one up all of the fuckers on CNBC and say “we need” to drop like 5,000 points, over the next 3 days, in order to “form a bottom.”
Keep in mind, that bottom will be built upon fire and shit. Nonetheless, you will be happy to know, it will be “the bottom.”
Sifting through stocks this evening, I can make a strong argument for mass bankruptcies, from [[M]] to Prudential Financial, Inc. [[PRU]] . As you know, I have been warning of this crash for more than a year. As a matter of fact, up until two days ago, I was up more than 60% for the year. My gains are still bountiful, but my blood pressure is through the roof.
This failure is indicative of a failed society. One that let a corrupt government lead it by the nose into financial, moral and social bankruptcy, which inevitably may lead to national default.
Erroneously, I find myself long equities in the midst of this crisis. My plans, as always, is to slaughter them all. No seriously, I will be forced to duck and cover tomorrow. I might have to throw on some lightening fast hedges, in order to stem my losses. Moreover, I will look for a “real bottom” to form, around Dow 3,000—giving me motivation to lever up and get long some General Electric Company [[GE]] around $4.
No matter how much money you lose, always remember, there are armies of space aliens out there waiting to abduct you and perform anal cavity searches. Do not let those little big eyed green fuckers capture you and laser beam you up into their spaceships. They are first class asshats.
Top pick: Early Alien radar detection system
UPDATE: Apparently, Krull lost his shirt.[youtube:http://www.youtube.com/watch?v=QDD7Wjbot_8 450 300] Comments »