It’s the Banks, Stupid

These fuckers (the banks) will not stop going down. They’re getting “clown stomped” on a daily basis, and no one seems to give a fiddle. Everyone is too busy bidding up coal and steel stocks to worry about the financial integrity of the fucking world.

Who cares, right?

Much to my chagrin, I have zero [[SKF]]. In addition, I have zero bank shorts, aside from [[FED]].

See, this is a perfect example, at my expense, of what happens when an investor tries to get “cute” and attempt to “milk Mother Market.” I hate the banks, yet I wanted to sell them at higher prices. Isn’t that nice?

Pure asshattery on my behalf.

To rectify the situation, I will be forced to sell short some small stupid regional bank, worth killing.

Coal stocks are up, yet again. My small position in [[BTU]] is responding nicely. However, other stocks like [[PCX]] and [[MEE]] are “homo hammering” the competition.

The general breadth of the market is weak. Taking a step back, I believe the market is 10-15% overvalued. Quite frankly, stocks have no fucking idea how badly they’re about to get beaten. Wait until municipalities try to balance their budgets. Just wait.

All municipalities peg their construction expenses to the CPI index, like the fucktards that they are. The only problem: raw material expenses, for concrete, steel and copper are through the roof—at least 3x what the CPI reading has been. As a result, construction projects will either grind to a halt or municipalities will have to make up the short fall—somehow.

In other news, [[CHL]] cannot hold up. It’s weak/stupid and wants to trade down.

On the other hand, the refiners were upgraded today. From the group, I like [[VLO]], [[TSO]] and [[HOC]].

NOTE: With natty [[UNG]] gapping higher today, look for the consumer to get claw hammered by their local utility, sometime soon.

And I forgot to where my gold chain.

Here is a partial excerpt of some of the shit that was said at this egregious party, in Brooklyn, for kids, mind you:

“Whoa, the nerve of you, Mr. Fly, comin’ ova here with no chain or tan. What you live in a fucking igloo or somethin’? Ova here, we gots lots of gold rings and rope chains to go with our bronze skin. Wouldja like to have a salsich and peppas samwich? While you’re at it, why not grab yourself one of those fountain sodas ova there?

“The fucking kids love it.”

In other news, the market will get elephant stomped this week.

Watch yourself.

Developing…

UPDATE: The entire redneck state of Oklahoma has been banned, on all iBC blogs—except the PG and Wood. You can thank “Scum Bucket” for that.

The infamous iBC purge of 2008 aka “The New Mariel Boatlift” has begun.

Developing…

[youtube:http://www.youtube.com/watch?v=tGLK0-8KHIo 450 300]

Never bet against the guy with the time machine, fuckface.

The Dow traded lower, as predicted.

Off to drink some “rich mans whiskey.”

[youtube:http://www.youtube.com/watch?v=t997hlTqepw 450 300]

Just go long, dumb man. Go long.

I bought 1,000 [[BTU]] @ $73.85.

Disclaimer: If you buy BTU because of this post, “peak oil” will come to fruition, within months. And, you may lose money.

I bought 5,000 [[CTSH]] @ $35 and 2,000 [[SAY]] @ $28.75.

Disclaimer: If you buy the above stocks because of this post, you will be deported to India. And, you may lose money.

NOTE: As predicted yesterday, all of the Indian IT companies are running. Check [[INFY]], [[IGTE]], [[KNXA]], [[WIT]] and [[WNS]] for possible movers.

The price action in [[KOL]] is just insane. Now, it remains to be seen if a Democratic White House will stand for such “coal action.” However, for now, these fuckers are running like “medically enhanced” sprinters.

RC already alerted you to mining play [[JOYG]]. Their competitor, [[BUCY]], is smoking too, and looks as if it has room to the upside.

Some of the leaders include:

BTU, ANR, MEE, FCL, ACI, CNX, WLT and PCX.

Some of the more spec plays include:

JRCC, WLB, ICO and NCOC.

Across the board, energy related names are outperforming, led by big dicked gains in [[PVA]], [[GMXR]] and [[HK]].

Some of the oil field equipment companies are making minced meat out of the bears, in particular [[NOV]]and [[WFT]].

Some new names that caught my eye include [[HLX]] and [[NR]].

NOTE: All of the solar burrito stocks are razing the bears too.

[youtube:http://www.youtube.com/watch?v=e3WTOm21qaY&feature=related 450 300]

He demonstrates how [[JPM]] keeps beating Wall Street estimates.