Just

You do it to yourself, you do
and that's what really hurts
You do it to yourself, just you
you and no-one else
You do it to yourself
You do it to yourself

This is the chorus of the song Just by Radiohead (cool song and video too). It's my response to the permabears and top pickers who keep banging their heads on the wall wondering why the market won't go down in a meaningful way while blaming manipulation, the fed or whatever...anyone but them. They fail to realize that their serial top picking and stubbornness has been adding fuel to this torrid rally.

Anytime we get a rally like this I notice some of the permabears saying they promise to be more "flexible" next time, playing both sides of the market. What a fucking crock of shit. As I said before, this is like the abusive, alcoholic spouse who says he promises to get sober and never lay a hand on his wife again and then of course he repeats the cycle of abuse and promises over and over. I've seen these losers make the same "I promise to be more flexible" rant before and all it takes is a 10-15 point drop in the market for them to go back to permabearing. Other losers who run bearishly slanted blogs have claimed to have been flexible all along, scolding their followers for having a bearish bias. That's a side splitter let me tell you. Who the fuck are these idiots kidding?! lol! The permabear blogs have become a circus act. I've been following a couple of bag holders for amusement and sentiment purposes. One clown happens to be bag holding quite a bit of Oct 49 puts on the QQQQ. While his account is getting smoked he's been making jokes and social conversation with other losers. Great...just pretend everything's going to be OK and make jokes while you lose your ass day in and day out. What a loser and it’s an example of the lack of capitulation from bears.

Well now, let's get to the market. Another new rally high day today with the market closing right at the HOD which yet again suggests this rally still isn’t over. That ISM number today laid some serious smack down on bear bag holders clinging for dear life praying for the data to show any sign of the elusive double dip. I bet quite of few of them had their hopes up for that number to be sub 50.

Bottom line: The song remains the same. Until we see more people embrace this rally instead of fighting it, calling top after top anytime the market drops 5 points, the path of least resistance remains up and the only downside we'll probably get are modest pullbacks.

And speaking of crocks of shit, it appears that the email notification widget I added to my site doesn't work so I took it down. So much for technology.