Wednesday, September 05, 2007

 

Sector Spotlight: Financials

I spit on those housing numbers.

What's wrong with this country? Bunch of poor fuckers, led astray by boiler room mortgage brokers.

Fuckers.

Plus, the retailers, once again, suck balls, as COST gets knifed.

Look, there is no way to sugar coat this; the economy is in the shitter. There, I said it.

Anyone of you little fuckers who are against the Fed cutting rates will get your chest hairs punched off, by one of my "illegal Mexicans."

Aside from the "machine gunning" I am enjoying today in the market, to make matters worse, I missed a lay up take over play: APLX. Fuck me, I knew it.

I wasted my time, listening to hours of the their conference calls, and what did "The Fly" do?

Nothing. I was too busy eating oatmeal or some shit.

As for my holdings:

I expect most of them to receive the "death hammer," as the market is sure to be down 2%+ today. However, it's worth noting, NTRI, ALJ, UNG, FMCN, DCI, VLO and AAPL are bucking the trend, with iiG not far behind.

With regards to the financials, TIMBER, those fuckers are going lower.

Already, big losses are found in OPY, NFI, KBW, NMR, LAZ, WM, BCS and CCRT.

The only silver lining is the unexpected strength in the basic resource stocks, down less than 1%. And, don't forget, for the most part tech is strong.

I'm not giving up on a late day rally, yet. But, I seriously doubt it.

Comments:
Agree with your comments, horrible data and a US recession is coming closer day by day.

It really is that simple. Period. How you trade this view is an entirely different matter.

http://throughtheswings.blogspot.com/
 
Oscar Goldman's Slacks! Gobble, Gobble!
 
I hope you are in BIDRU, Hans Brix!

How you like dat? Huh, Hans Brix??
 
Mark. 11:34:20

Time to buy.
 
I'm assuming the market won't like the Beige Book either.
 
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