I’ll get to you oil haters in a second.
As you know by now, “The Fly” is pimping this market with a very heavy hand, being long the banks. As unbelievable as it may seem, I knew this was coming, sort of like how animals know bad weather is coming (call me an ape and I’ll have your chest hairs punched off).
I sold out out of 95% of my inverse etfs’s yesterday, leaving me net long banks—in a very egregious way.
Part 2 of my victory will be in the energy pit—watch me.
Now I know many of you noodle twisters are big time oil bears. You make lots of offhanded, corny remarks, about how oil is “so doomed dude. Like totally, it’s going down.”
Let me remind you, criminals run the oil markets. They do not bow down to your asinine economics 101 rules. That’s like telling the Italian mafia to lower the interest rates on your loan, since Ben Bernanke lowered the Fed funds rate.
Sometimes I think many of you are delirious, from all of the misinformation you are fed, on a daily basis.
Calm down, put your charting rulers down and think.
Can we have it both ways—growth and lower oil?
Answer: No
Naturally, due to the nature of “betting on a storm,” oil will trade lower—should it (the storm) weaken or veer off course. But, the longer term picture has not changed. So, I will buy dips in crude and pray to Poseidon for furious winds to knock over those idiotic rigs, littering the Gulf of Mexico.
Aside from all that, I like Equinix, Inc. [[EQIX]] and short Legg Mason, Inc. [[LM]] .
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