Really a classic production job today. One of new favorite lines as well…’I am liquidating my LIFE’. Actually there were many Wallstrip classic lines in this one. It’s fun seeing Julie get her friends involved, talking stocks and porn. Only took a few weeks :) .

When the market sucks like this for trend followers like me, you get smacked around. You do less, you honor your stops and if you must trade, you stick and move. Obviously there are some major trends on the short side, but it is not my game. I am dabblimg a little with the inverse ETF’s and having ok results.

Word on the street and history show that vice stocks outperform and actually do well during recessions. Last time I checked, they have done well always.

We have covered guns, booze, ammo, weapons, sex, condoms, pills, boobs but never LIKE THIS.

My favorite vice show/stock before todays was one of our first shows – Altria .

As a habit I don’t buy weakness and I am sticking to my guns. I make exceptions for great brands on occassion – ERTS, IGT, MO, SBUX (mistake). Talking stocks when you are not buying is just not that much fun. The average investor needs to practice patience and stick to their day job. In good markets, one will be back soon, you make enough money to forget about times like this.

This blog will be firing back on all cylindars when the time is right.

It’s best now just to make fun of all the stupidity on Wall Street and sit on your hands.