Fly on WallStreet

Sometimes doing less is more. Many of my "smart friends" are making a mockery of themselves, trading this market. One 15 minute interval, they are short equities, then long. Short-long-short-long, until their fucking brokerage accounts are "zeroed" out.

As you know, "The Fly" doesn't have time to fuck around with tricky markets. I'd rather fall asleep for two hours in a tanning bed, than trade this psycho tape.

On days like this, I give thanks to my "calculator brain," who has enabled "The Fly" to be properly diversified, amongst many different asset classes.

As for today's trading:

During this roller coaster of a session, I noticed how hated tech stocks are. I mean, they are selling off, hard, at any given moment.

For this reason and others, I want to stay away from the Semi's.

Thanks to Warren Buffett's purchase of a few rail stocks, the Trannies are doing well, with decent moves in RAMS, ACLI and BNI.

Also, it's worth noting, there is strength in OSTK, REDF, JADE, SNE, TDK, MSCC, RNOW, TIVO, DELL, PALM, SIMO, SMI, INTL, KTC, BTM, XING, NTL, ALCO, ABLE, ERS, RTP, BOL, ABC, JNJ, BMRN, HAQ-WT, DNDN, CVLT, QXM and EII-WT.

Finally, with my money, if I feel up to it, I will start shorting that pig, CWTR. Or, maybe I'll just throw falafel at my servant/trader, while asking him to buy me some more RS and LNN.