What the fuck? I was just about to get me some [[BAC]] or [[FED]] or [[LEH]] up 50%, over the last 5 days. That shit looked cheap.
Are you telling me the economy is in the shitbox? I thought America had a ‘goldilocks economy’?
My inverse etf’s are outperforming; but I am vexed for not have the balls to short FED yesterday.
In an effort to ‘dip my toes’ back into the murky market waters, I took the liberty to buy more [[FXP]], [[SKF]] and [[SRS]], if you don’t mind. After some recovery in my disheveled portfolios, I shall and will short some banks. As sure as I’m sitting here, I will have my revenge against those bastards.
My new longs are not working: [[CLNE]] and [[FMCN]]. As you understand, this makes matters worse. However, being able to have a time horizon longer than 2 days gives me comfort in knowing “The Fly” is never wrong.
For those of you who are stuck in [[RIG]], unable to get out, be patient. The company is going to report earnings soon. I expect there will be a bounce. On that bounce, let go of some shares.
Keep in mind, everyone is killing the energy names, acting as if oil is $30 per barrel. Asshats.
I suspect, the decline in crude will be short lived. Once it starts gapping up again, there will be a frantic panic to get back in RIG, [[SU]], [[UPL]], [[OXY]], [[ARD]], just to name a few.
All of the assholes who were short banks are now short energy stocks.
You know how this story ends, don’t you?Comments »