If it weren’t for my largest position [[FTK]] being blown the fuck up, I’d be as happy as a fat fuck in a donut factory. Instead, “The Fly” is enduring uppercuts to the scrotum, as men with small penises sell FTK in size.
As an aside, I threw on a bunch of shorts, namely [[CYN]], [[CSE]], [[HRB]] and a few inverse etf’s—via [[TWM]] and [[REW]].
It’s bloody murder out there; all hands on deck. The idiotic managers of mutual funds and ‘value’ oriented hedge funds are losing their shirts. All of the cheerleading ham fuckers on CNBC are eating some serious shoe here, as the markets nosedive, without safety net. Note ever 10 point uptick, they say: “we’re stabilizing, well off the lows.”
What the fuck is wrong with these people?
What happened to all of the misfits who said “buy the banks”? Or, more importantly, what happened to the people who participated in dilutive secondaries?
My guess, those people are now dead.
“The Fly” warned you of pending doom, should the economy fail to recover in the 2nd half of 2008. Well, we are close to the 2nd half, let me ask you: has the economy bottomed, fuckface?
I thought so.
Finally, it’s important to note that buying dips is no longer a viable investment philosophy. The market is having its head sawed off for it, on a daily basis, without respite.
Do yourself a favor, and get short some bank names to pair up your energy longs. We’re not done going lower.Comments »