This is the ammo that the bears will use to justify “the big selloff”.

1) National debt too Large!

2) Unemployment rate spiraling out of control ie..breaking 10%.

3) Just heard this one today…Iran.

4) I’ll throw in North Korea for the hell of it too.

5) Commercial Real Estate Market implosion.

6) The US Dollar getting punked.

7) The swine flu or a capitalists migraine so dubbed by Ice-T.

8.) The charts tell me so…die SPX, die.

9) Hey easy on the froth up here.

10) DJ Inflation coming back for another spin.

11) Get the paddles…I think Joe the consumer just flatlined.

12) October surprise? Give me a break…didnt know we had elections this year.

13) Sell Wilson, Sell….the VIX is scary….how crazy is that?

14) Oil is going to $200 as soon as China puts a car in every garage in the next 6 months.

15) Foreclosures, credit card defaults spiking.

16) No more new homes shall be built in the 48 contiguous states.

17) BIGFOOT has been spotted in a Santa Suit…run!

The hedge funds and other market suspects have gone ridiculously negative ignoring ALL positive news…hell they have even declared the recent rally “Greatest Bull Market Ever”….did we forget the dot com bubble?…how can you even compare? Thats insane..its a waste to time to listen to the media shaping the news by inviting all the usual yahoo’s from Jellystone Park on.  Do you really expect them to say anything positive?   

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Thats the stance that many shorts or people sitting on their hands have about the impending correction thats gonna happen soon. It is not a matter of if, but when. I have never been good about timing corrections and I wish the best to all who try to by fighting the market tooth and nail picking up nickels in front of a bulldozer. When the market breaks for the down, I have cash to participate….but I will not give up the gains to be had going up.

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Texas Instruments (TXN) just raised guidance!

No Positions 

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There are a group of traders/investors/journalistas out there that feel that every tick up in this market is suspect. They can always find a billion and one things wrong with the world to prove their point….well bad news has been with us from the beginning of time and will always be with us.  I find it much easier and profitable to run with the bulls when they are stomping instead of trying to place contra bets against the market all the way from 6500 to 9500? Thats an almost 50% move up and it does seem lofty, but remember the market fell from much higher levels.

The bears will eventually be right as a broken clock is right twice per day. But because of the upward velocity of the market, the bears have been placing small bets to hedge themselves….so when the “BIG” day does happen, they wont have enough “on” to profiteer from.

The rose colored glasses are in my desk draw…I promise. There are a whole bunch of people who think the bulls are delusional…case in point — Cramer. Oh, “he is a snake-oil salesman”, “the eternal optimist”, “never met a stock he didnt like”…but it all comes down to PnL (profit and losses)….and he will be in the positive column this year, bigtime.  

Over the years I have learned the hard way not to go against a market and trying to front run it by going contra leading to insolvency. My point is “make hay while the sun shines” and quit complaining about froth…you wanna see froth, go check out Amazon’s (AMZN) or ebay’s (EBAY) graphs from 1999 - 2000.
 

Disclaimer: No Positions above. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.

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As we head into the labor day weekend one can only imagine what is in store for September…a traditionally brutal month for the market. No more excuses of light volume, fake rallies or impending doom based on a one-day pullback. My bets for the rest of the year are on technology. One such name is Nvidia (NVDA) - $15.11….this stock has been a stray dog. It finally broke above 15 which should give it some momentum to march higher as the holidays approach.

Why do I like like Nvidia or tech for that matter?  Its that time in the tech cycle for system upgrades to Windows 7 and new hardware. Now NVDA chips aren’t in every unit sold, but it should get some pin ball action. As always do your own DD.

Disclaimer: I am LONG Nvidia (NVDA) stock as of the posting date of this article. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.

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