Friday, March 18, 2011

My Head is Swimming

I caught a story out of Baltimore where a camera based traffic ticket must be signed by verified and signed by a police officer. Okay. Well, it appears that over 2000 of them have been verified and signed off on by an officer that has been deceased for 7 months.

Law and order right?
Right.
Held to a higher standard?
Sure.

Okay, forget that for a minute.

My 7 regular readers(thx guys) know how I have harped on ad nauseum regarding the absence of trust and integrity in our capital markets. Further to this is my contention that this epidemic of lawlessness is not isolated to the capital markets and finance arena as it has infested all aspects of our society (the story above is exhibit #1034 in evidence).

But as I did some headline scanning I came across this piece Japan Nuclear Disaster Caps Decades of Faked Reports from Bloomberg.

I was left breathless.

Falsifying safety reports at a nuclear reator?

What is wrong with these people. I mean seriously, what is WRONG with this people. A word comes to mind

depraved
[dih-preyvd

–adjective
corrupt, wicked, or perverted.


evil, sinful, debased, reprobate, degenerate; dissolute, profligate; licentious, lewd. See immoral.

lets use this in a sentence.
The depravity of these people is absolutely mind boggling.


After reading the article my head is swimming. People like this walking the planet. I am at a loss to reconcile 'things' in my head. Maybe the guy on the street ringing the bell shouting " save yourself, the end is near" is not a kook after all. Maybe prayer is in order.

But hey we have a no fly zone in Libya so the oil and gas will be flowing shortly no worries here and Jim Cramer and the other spineless armchair chicken hawks can breathe easy as the doritos and Bud light will not be cut off.

We have coordinated G7 intervention in the currency markets to make sure no losses need be taken by Wall St. prop desks (jeopardising the bankers bonus pool) and necessitate the imposition of martial law.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".


Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $96.70
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $98.25
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit U.S. Dollar Bull ticker UUP @ $22.56 stop @ $21.44
Short 1 unit Freeport McMoran ticker FCX @ $56.40 stop @ $57.76
Short 1 unit Darden ticker DRI @ $49.51 stop @ $60.11

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