Rakim – Follow the Leader

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The bull camp of Goldman Ball Sachs is disgusting. For some reason, those ‘tards believe [[GS]] can keep doing it.

Rubbish!

I don’t care how smart and well they cheat, the firm will suffer, as the market melts into oblivion. Aside from market and credit losses, how about m&a?

Look you, now is not the time to paint your face blue, get drunk, then buy stocks. During “Santa time,” people are oblivious. No one cares about the market. And, those who are paying attention are as nervous as a cat on a hot tin roof.

Late in the day, I took some profits in [[FXP]], catching more than 20% in a short week.

With the proceeds, I bought more [[SKF]].

Essentially, I’m betting against GS, and all of the hatfuckers who cheerlead for them.

Fuck Goldman.

Finally, sometime soon, the market is going to get a relief rally. When it happens, all of the talking heads will tell you to ignore inflation data and weak retail sales. They will say: “financials are a great value here.” However, what they fail to acknowledge, as always, is the “E” part of “PE.” Meaning: earnings will be absent in the financials, for most of 2008.

Look for the market to correct to the tune of 10-15% in 2008.

I bought 3,000 SKF @ $102.14.

Disclaimer: If you buy [[SKF]] because of this post, 2008 will be your worst trading year ever. And, you may lose money.

I sold 5,000 [[FXP]] @ $87.41.

I bought 1,000 SKF @ $100.

Disclaimer: If you buy [[SKF]] because of this post, inflation will be the cause of your future divorce. And, you may lose money.

I sold 1,000 [[LZ]] @ $60.10.

It’s sort of like waiting for a bus, in a really bad ghetto—always a bad idea.

With [[GS]] numbers due, “The Fly” has zero interest “playing a bounce.”

This is serious business, ladies and asshats. Instead of getting all confident, buying dips and shit, why not play a few games of chess or darts?

Right now, I’m setting up for a worst case scenario, which I anticipate to occur early 2008.

Top picks: [[SKF]], [[FXP]]

With the possibility of a rally brewing, I will hold off on any inverse ETF buys, until 3:30.

No market goes down in a straight line, as do-gooders throw good money at bad.

For the most part, the ag sector is the only sector worth investing in, with nice momentum in [[BG]], [[MOS]], [[CF]], [[AGU]], [[POT]], [[ADM]] and [[VMI]].

Currently, I hold a sizable position in VMI.

Watch the financials. Should they continue to rally, there is a better-than-average chance the market will turn its “homo-hammers” on the bears.

UPDATE: Fuck it. Go ahead and shoot.

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Thanks to crazy people, some of the beaten up financials are bouncing today, led by spikes in [[ABK]], [[RDN]] and [[NCC]].

With the current strength in the financials, “The Fly” will sell them short again, via [[SKF]].

The only real/non-bullshit moves can be found in the refiners, specifically [[TSO]], [[VLO]], [[DK]] and [[ALJ]]. Additionally, wheat prices are at new highs, as inflation infects the economy like retards on a yahoo message board.

Basically, I’m bearish on the markets. There are too many negative headwinds to deal with, mainly thanks to the inaction by the Fed.

Many of you, from the non-luxury of your bullshit pleather chairs, will cite inflation data and use it as an argument to destroy the world. That’s fine. However, I am far more fearful of deflationary forces, which if left alone can leave 2/3rd of you retards without adequate food supplies (“The Fly” likes to exaggerate on Monday afternoons).

In short, I am not selling my [[FXP]] position. I will be buying more SKF, while selling down more of my long positions.

If my time machine is somewhat accurate, the market is going to get its whig pushed back, during the first few weeks of the New Year.