Say what you want about valuations. Inflation will kill this market faster than a flamboyantly gay goat in a conservative Iranian goat village.
Hey assholes, oil is at $112. Natty is above $10. Price inflation of rice is causing riots in Egypt.
It’s the end of times friend. And there you are buying stocks because of a fucking “technical breakout.”
Sometimes, extraordinary events demand that you get your fucking heads out of the text books and look around.
Is it really that bad?
Answer: Ask Bernanke.
Now, if you believe the greatest credit meltdown in 100 years warrants a modest 5% decline, year to date, you deserve to work for me, tending to my garden and cleaning my patio—instead of managing money in the market.
I do not fear the market going up. I have 100% conviction in my position that I am willing to endure painful short term losses, in return for bountiful long term gains.
Right now, with my money, I like short [[FED]], short [[DSL]], short [[WM]], short [[LEH]], short [[MS]] and short [[MON]]—just for fun.
Oh, and with Cramer mucking up his picks on a daily basis, I am uber confident that [[TSCM]] will trade significantly to the downside.
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