Fly on WallStreet

The fucking robot's, who trade stocks on the NYSE, are gay. There I said it.

Aside from that, we are off to a good start. However, as always, I am somewhat skeptical of this rally holding, considering the overwhelming majority of people who were caught with their pants down yesterday. In short, there is going to be risk reduction selling, amongst asset managers, sometime in the very near future.

With that in mind, I think it is important to comb through holdings and sell the vulnerable equities and overweight the stable. Also, with my money, I have started to put hedges up, via QID, SSG, short AMKR, short ATHR, etc.

Furthermore, I do not expect to make money on any of my shorts today. As a matter of fact, I expect to lose money-- as the market bounces here. My strategy is to just get the fuckers printed, so that my beta comes down. Still, I have a lot of volatile equities and I need to address that asap.

As for today's trading:

Watch the Financials. This morning, a very influential analyst from Merril downgraded the brokerage sector, including GS, BSC and LEH. Once again, many "smart people" are expecting the market to roll over-- withing the next two weeks.

Personally, I would rather see those "smart people" dipped in hot chocolate-- then fed to wild pigs. Nonetheless, it makes sense to be cautious-- following the "machine gunning" the bulls underwent yesterday.

The following Financial have mojo:

ISE +4.4%
CME +4.2%
NFI +3.3%
ICE +3%
SDA +2.9%
BOT +2.9%