Fuck You Bulls; You’re Dead

There’s no plausible scenario where the market can rally today. Looking at key stocks in important sectors, there is too much red for a recovery to magically occur. Stocks are getting kicked in the scrotum, as the “must retest the lows” camp takes control.

The biggest negative, once again, are the financials—with typical losses in [[ABI]], [[MBI]], [[C]], [[LEH]] and [[SOV]].

In addition, Ag stocks are breaking lower, alongside basic materials. Frankly, I’m shocked to see a certain someone break his promise of Lent, in order to buy [[BOOM]]. That fucker, mark my words, is breaking lower.

Other stocks with notable breakdowns include: [[AAPL]], [[INTC]], [[ORCL]], [[GILD]], [[DECK]], [[EDU]], [[APOL]], [[CRM]], [[INTU]], [[CTXS]], [[PMI]], [[GHL]], [[CALM]], [[UA]], [[BID]], [[CTRN]], [[SIGM]], [[AMD]], [[TSCM]] (boo-ya), [[RATE]], [[GM]], [[JPM]], [[AXP]] and [[VMW]].

In the bull camp, very few stocks stand out. Actually, the ones that are up are worth fading—which includes [[AMZN]], [[LULU]], [[NVDA]], [[GRMN]] and [[ESRX]].

Quite honestly, I’m making buckets of coin in my reverse etf’s, while giving up a few pennies in long term positions. During the remainder of the day, “The Fly” will drink multiple cans of Monster Energy Soda, while throwing jumping jacks out of his office window, mainly for fun.

Oh, and I may buy more [[SRS]].

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[youtube:http://www.youtube.com/watch?v=BZmE3fUKU5U&feature=related4 450 300]

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At the end of the day, I got smoked out of my [[RIMM]] short, taking a “ball busting loss.” However, since I’m still long RIMM, it was a wash, basically.

This is a losers market, with exception to the pending “palladium supercycle,” powering shares of [[PAL]] and [[SWC]] to unsustainable levels.

Banks and commercial re got lit up again, enriching “The Fly” with many points in his [[SKF]] and [[SRS]] positions.

My market position is the following:

Inflation in food commodities and oil/gas will decimate the consumer. This will lead to significant earnings short falls at big retailers, like [[M]], [[KSS]] and [[JCP]]. Specialty retailers, like [[DECK]], may be able to squeak out another quarter or two of “mind numbing” growth, but will fail—eventually.

The credit crisis will spill over into commercial paper and real estate. Liquidity in the capital markets will dry up, forcing money losing companies to either fold tent or seek unfavorable capital injections.

Oil stocks will begin to disconnect from the price per barrel and trade lower, as recession expectations dampen forecasts. The same goes for Ag. Despite ridiculous wheat prices, stocks like [[MON]], [[AG]] and [[POT]] will fall.

In short, everyone is a loser. Get short RIMM and find a myriad of upgrades waiting for you in the morning, effectively ripping your face off.

All in all, despite RIMM, I was up 1.2% today, erasing yesterday’s losses.

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Ara K. Hovnanian, CEO, Hovnanian Enterprises

First of all, that weird dude from [[HOV]] is a fucking liar, saying the bottom for the housing market will occur in late 2008. He has no time machine and has not won a championship in many years.

On the bull side, I can see [[RIMM]] melting up to $120+. Really, there is a massive squeeze occurring and little reason to sell the stock, considering they just guided up.

As expected, [[WBD]] is sprinting higher. Russia is corrupt. Therefore, Russian stocks are corrupt. To me, that seems like a viable investment approach, while planning my WBD trades. For now, I have a small position in the fucker, waiting for more corruption.

[[NTRI]] is going to $10. They blow.

[[DCR]] will go to $20, providing oil goes to $80.

[[LEH]] will be in the 40’s, shortly.

And, finally, should the market rally, [[FMCN]] may be good for 7 points of upside.

Nonetheless, I’m still bearish and hope for the country of New Zealand to be invaded by aggressive, yet patentless, space invaders.

UPDATE: Fuck large buildings, via [[SRS]].

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I sold short 2,000 [[LEH]] @ $54.25.

Disclaimer: If you sell short LEH because of this post, you will never learn from old mistakes. And, you may lose money.

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The contest will last for 6 weeks. You, as an advertiser, will get exposure to the most erroneous group of investors in America. Plus, lots of page views.

One way or another, “The Fly” will sell the space.

For those with interest, email me @  [email protected].

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Oil to $10,000 per barrel, God willing.

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[youtube:http://www.youtube.com/watch?v=eOb71LhXxEs 450 300]

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I have things to do, people to see. I’ll have you know, “The Fly” doesn’t have time to waste with internet fucktards, who are unable to make cogent financial decisions.

In the meantime, fellow bloggers, sign up to Ragin’s stock contest. I bet you third rate bloggers don’t have the *bollocks* to go head to head versus me.

With that being said, I bid you fuck you.

NOTE: The market looks strong today. If I was forced to buy something, I’d consider [[RIG]] or [[WBD]].

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Considering how gay everything is, the market is behaving quite well, with gains in a variety of stocks. Frankly, one (I) would think the market, with all the bad news, deserves to get its fucking mustache punched off. Nevertheless, here we are, sitting pretty, and the market has a full grown Rollie Fingers ‘stache.

[[REW]] is down slightly thanks to [[HPQ]]. In general, tech is weak, with the notable exception of the bastards at [[RIMM]]. Being both long and short RIMM, I am somewhat conflicted and don’t know which way to root.

[[USM]] and [[GRMN]] have been “de-balled.” GRMN is a homo stock. No one likes their stupid devices. Sell it twice.

Finally, [[ARTW]] has been “mushroom clouded” in recent days, proving not all ag plays are equal. And, judging by the current tone of the market, I sense a rally is in the cards. You might want to refrain from adding to short positions, at least until the end of the day.

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