We are live from the airwaves of Volatility Radio via satellite from the Silicon Valley–where rich, white-collar businessmen are given access to the president of the United States, Barack Obama, so they can vent the disillusionment of their generation.

I am disillusioned with their disillusionment. After all, wasn’t everyone in the “Town Hall Meeting” employed? It’s likely the majority of them also own their own home, replete with loads of equity.

The Town Hall Meeting today was testimony to the horrid shilling that takes place on television channels all over the world, each and every day.

Someday soon, someone out there is going to start a real show about the economy and the markets. The current programming available to the investing public can be summed up in one word: PATHETIC.

Have you heard about the Lonesome Loser
Beaten by the Queen of Hearts every time
Have you heard about the Lonesome Loser
He’s a loser but he still keeps on trying

Sit down, take a look at yourself
Don’t you want to be somebody
Someday somebody’s gonna see inside
You have to face up, you can’t run and hide

Have you heard about the Lonesome Loser
Beaten by the Queen of Hearts every time
Have you heard about the Lonesome Loser
He’s a loser but he still keeps on trying

Unlucky at love at least that’s what they say
He lost his head and he gambled his heart away
He still keeps searching though there’s nothing left
Staked his heart and lost, now he has to pay the cost

Have you heard about the Lonesome Loser
Beaten by the Queen of Hearts every time
Have you heard about the Lonesome Loser
He’s a loser but he still keeps on trying

“It’s okay” he smiles and says
But this loneliness is driving him crazy
He don’t show what goes on in his head
But if you watch very close you’ll see it all

Sit down, take a look at yourself
Don’t you want to be somebody
Someday somebody’s gonna see inside
You have to face up, you can’t run and hide

Have you heard about the Lonesome Loser
Now tell me have you heard about the Lonesome Loser

Well c’mon, man, I hear that Bobby’s back from being upstate
He learned his lesson, so they say, well I guess we’ll wait and see
He’s got a new corvette, he says it does a hundred and twenty, easy
Got some catchin’ up to do, some crazy score to settle

When I first heard Bobby’s back, the first thing that I thought of
Was how his chic like up and left with some guy she just met
I don’t think that he knew it yet, man it sent a chill right through me
The only thing he ever loved just left with his last paycheck

Bobby’s back, maybe for good this time
All his life, he was the last in line
Bobby’s back, maybe for good this time
All my life, he was a friend of mine

Bobby’s face looked pale and thin, as if some ghost had haunted him
When he asked me what was new, I wasn’t quite sure what to say
How come everybody’s stickin’ bloody fingers in my face?
I almost cried and said, “They sure don’t make cars like they use to”

Bobby’s back, maybe for good this time
All his life, he was the losing kind
Bobby’s back, maybe for good this time
All his life, he never had peace of mind

I shook him hard and said,”Listen man you can’t go back in time again”
And never ’til the day that I die did I see tears fall from Bobby’s eyes
Four or five years had gone by when I read about how Bobby died
He crashed his car into a wall, messed up on drugs and alcohol
Another brother led astray, well I’ll be damned if I go that way
Say a little prayer for him he lived a life you just can’t win

Bobby’s back, maybe for good this time
All his life, he was the last in line
Bobby’s back, maybe for good this time
Bobby’s gone, he was a friend of mine

Honorable mention: Whoever gave Setzer his mullet. So 80’s. And so cool.

Some people never go crazy. What truly horrible lives they must lead.
–Charles Bukowski

First got it when he was six
Didn’t know any tricks
Matter fact
First time he got on it he slipped
Landed on his hip and bust his lip
For a week he had to talk with a lisp
Like thisssssssssssssssssssssssssss
Now we can end the story right here
But shorty didn’t quit it was something in the air

Lupe Fiasco - Kick Push
Music Video Codes at www.blastro.com

Meanwhile, back at The Factory, the expansion continues and my mission is in motion. Extensive time travels have my clock out of whack. Life is so strange — Destination Unknown.

Conditions

S&P 500 - Weekly

Since the March 2009 bottom, we have seen an uptrend with little interruption. In light of some regression analysis, it is evident that we could go either way. This could be a time to buy the index, or it could be a time to sell it. Like a man on a high wire, falling down and being out of the game is not an option. But I must make it back to one side. Will it be the buy side or the sell side? In correlation, here are some data points that I ponder:

1) Dubai Credit default swaps have continued to trade wider, at levels not seen since November.

2) The Volatility Index (VIX) made a large move higher last week.

3) Volatility dispersion is at it’s highest level in months–indicating higher probability of a systemic problem and trouble with the entire structure of the market and it’s underpinnings. If the market is a sell, it will be best to short the market indexes as opposed to individual names.

4) Some individual names look as though they can move much, much higher from here. My re-positioning will depend on various factors that I will continue to monitor.

I am a trader
and Flexibility is
my reality.

And the beat goes on.