When the market was knifing lower 200-300 points daily, it scared people. Newspaper men started to write stories; and people from the government became opportunistic. So, the bears changed the approach.
Death by a thousand cuts, instead of the “sword of gay death.”
Notice, all of the “party stocks,” like [[AAPL]], [[RIMM]] and [[GME]], remain chockfull, while other stuff falls by the wayside, namely the bastards from [[LEH]].
If any of you leeches have been reading my poetry for more than 6 months, you know “The Fly” was always bullish. Gee, he’d run outside, following consumption of 4 cans of Monster Energy soda, and kick old men down stairs, or idle manholes—just to celebrate his long positions.
He was the “perma-bull” variety, until everything changed.
What changed?
It is a very long story and I do not care to bore you with the details. Just know, the stench from Wall Street, with all of its greed and folly became too much for “The Fly” aka Senor Tropicana. He read of massive errors being made at trading desks, coupled with “homo-hammered” retail sales.
He saw how stupid the internet trading community was, with all of their disgusting charts and loathsome market commentary.
So, he made a market call. One that was meant to last the entire year of 2008, not a few measly months.
The call was and is, as you know, to bet against the coked out guy on CNBC, talking gibberish. To bet against former Forbes magazine editors, who like to see equities trade higher, even in their nightmares.
In short, fuck stocks for all of 2008. “The Fly” will win, because God designed him that way.
Top pick: Short [[LEH]]
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