Fly on WallStreet

With the market at new highs, it makes sense to go long the financials, particularly the brokers. Even though "The Fly" is not heavily invested in the sector, doesn't mean some fucktard (you) on the interent shouldn't.

As you know, the financials represent 21% of the S&P 500, making them a must own for most mutual funds. Recently, thanks to robust growth, the brokers have dominated the sector with spectacular returns.

However, due to a myriad of non issues, many of them have sold off. In my opinion, the recent declines in GS, BSC, LEH, MS, MER and BCS represent an ideal buying opportunity.

Naturally, if I had to choose one, I'd say go long GS.

Additionally, smaller firms are enjoying monster runs, based upon takeover rumors. Look at OPY.

Aside from finanacials, I like the action in the Trannies, especially OSG, KEX and FDX.

Finally, I would not chase iphone plays, such as SNCR. AAPL has a history of fucking their partners, mainly because Steve Jobs is a ruthless prick. Also, following bullshit numbers, MRVL looks good for a trade here.