Fly on WallStreet

UA just punched the chicklets out of many bears, who have incidentally "shit the shower." Oh, don't forget GYMB or JCG. They're shooting buckshot all over Wall Street today, effectively dashing the bears' hopes of retail depression.

Look you, once the sentiment shifts, back to bullish, I will be eating the livers of those who sell my stocks. For example, MCHX should be good for a quick $1.50 to the upside. And, don't forget the basic material stocks, like CENX, RS and KALU. They're all cheap.

However, I'll try not to get lulled into some sort of false rally, where bulls typically lose their horns. You know, the type of market that looks great, but next thing you know; you're on Gov't assistance.

Thus far, the general tone of the market is good, with just about every sector green. However, it's worth noting, most sectors are barely up, which makes them vulnerable to a sell off.

Keep your eye on the CYC, XBD and TRAN.

Finally, for a trade, "The Fly" may buy some more RS.

NOTE: If the price of oil keeps going up, it may become a problem for the bulls. It's a future bear story, once this sub-prime shit blows over.

NOTE II: Please take the new "Fly Survey." Are you bullish or bearish on the markets?