The bear and clown slaughter persists without relief. Every fucking day for the past month, asshole short sellers continued to press their bets. Until today. Today, the bulls (who I've named Rocky) have said enough!
And the bulls continue the rampage.
Barney Frank just announced that they are considering re-implementing the uptick rule. The rule is designed to prevent the bear-raids that we have been seeing over the past year. This news just added fuel to the fire and the market moved up another leg. It was way too easy making money on the short side for bears. That’s not a good reason to push stocks down. Stupid (non-critical thinking) people who are making too much money in the stock market always is the sign of a bottom/top. We saw the same damn thing in November.
Don’t underestimate how high we can bounce from here. There are going to be some big moves in stocks. And it’s the doom and gloom, coffin-humping, bear-shitters who are going to lose money! That’s the natural order of things. They will continue to talk their game, but their portfolios are going to turn into shit.
These things ALWAYS turn out the same way. This time is not any different. Markets ALWAYS recover and always go up over time.
Folks, this is Johnny Newsmaker signing off. We now return you to your regularly scheduled programming… "When Bulls Attack!" only on Ranting-TV…
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