Looking at some of my Godly indicators, I can tell you with a certain amount of certainty, barring martians landing on the NYSE and buying up all of our companies on the cheap this afternoon, we should close down between 2-5%.
The blood in the Dow and top Nasdaq stocks are too much to overcome, especially on a grim Friday afternoon.
You can fuck around all you want, playing with oil, banks and tech; but at the end of the day, this fucker eats pavement.
On the other hand, the stubbornness of the banks/Chinese cocksuckers is quite impressive. As a result, I’ve been buying small quantities of JPM, willing to lose money on the trade, just to hedge the upside on my insane FAZ position.
Remind me to never buy/sell 300% etf’s again.
Speaking of which, I’ve been buying ERY, which is also a lunatic etf. I must admit, all of this leverage rattles my cage a bit. As sure as I’m sitting here, in my non-staples chair, truckloads of unwashed peasants are throwing away the inheritance in this instruments of hell.
Where’s the SEC? I mean, the reason why we are in this position is due to excessive leverage, no?
The answer: let uneducated idiots try it too!
Unfuckingbelievable.
The breakdown in oil/gas is pervasive. It is infected the psyche of our dear friends in the middle east and Venezuela. Expect massive bankruptcies in the space, inside of 12 months. Many of this ham and eggers mismanaged at the top. As a result, Russia will be forced to devalue its currency, within 3 months.
Write it down.
Once again, money is flooding into treasuries. Is it a coincidence that ever since Paulson doled out billions to the banks there has been a parabolic move up in treasuries? Do you think some of our banking executives are stashing the money in t-bills, instead of lending it out?
Get the fuck…
One sector with marginal strength are the mortgage players: NLY, CMO, ANH and RWT. The theory: with mortgage rates coming down, people will start to refinance again. Who knows?
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