Codytwit: Market to rip higher, LeBronchitis, and why BP is likely headed Bankrupt

Here's some of what I was tweeting about in just the last couple days at http://twitter.com/codywillard:

Take the other side of headlines proclaiming: "Dow Repeats Great Depression Pattern: Charts". I'm saying RIGHT NOW that market's about to rip 10% higher from this 9800 level this morning by summer end on its way to 12k by sometime 2011. $$ 12:32 PM Jul 7th

I'm baaack. My latest- http://bit.ly/cMuHSQ "What are you trying to prove, what does it prove?" 2:48 PM Jul 7th

Did LeBron possibly gain any new fans by how he's handled this? And if not, does it matter to his bottomline that so many of us are turned off by how he's letting everybody grovel to the King James? Apparently money/media is a motivating factor for the guy - and I would be fine with that. But this self-induced hypefest... on overdrive probably means lot of will ever admire him like we used to. With all this LeBron-athon going on,let's go ahead and say it: the MSM (certainly ESPN) have a bad case of LeBronchitis. And with that, I'm done contributing to the LeBron-athon hype. Next topic, please! about 21 hours ago

I figure there's more than $100BB worth of spill liabilities. BP = BK < 2yrs. (BP is going bankrupt, IMHO).

Question: Are you short BP, Cody? Answer: I don't trade at all right now. I probably would slowly buy longdated out-ofthe-$ puts over the next year were I running $.  I wouldn't trade BP at all as an individual investor though. Unless you can manage trading OTM puts and know how to create positive gamma if the trade starts working for you, don't mess with trying to trade BP. Unless you know what I mean when I say I'd try to use the beta in BP to create positive gamma to capture alpha, REMAIN AN OBSERVER of BP.

Also, let's keep it real: It ain't Obama that's gonna force BP into bankruptcy. It's the court system of the USofA. It's justice!

Since when are high end estimates relevant? Since when do analysts get it right? When BP first said 5k barrels a day, I laughed on TV and said we would soon find out it was probably an order of magnitude higher. High end estimates were 10-12k barrels a day. We're now at 60k estimates average? High end estimates are currently what? ;) Creative accounting or not, math can't trump a sucking sound of $100s of BBs of $s going out the door to clean up and meet endless claims. See Dow Corning about 14 hours ago

Driving into NYC today, Sabrina turns the Sirius to the Grateful Dead channel and as the music starts, the system flashes "Bob Weir calling". Bob and I talked biz and all...but come on, we summoned him, no? Du du du du. about 13 hours ago

Song o' the day: Grateful Dead- So Many Roads http://youtu.be/gfGD94CchJU Whining boy got nowhere to go, So many roads I tell you, So many roads I know about 12 hours ago

Comment of the day: "Who would want to use the internet to tell people things that they think?? Not me!" Article: http://gu.com/p/2t5yn/tw about 1 hour ago

How long have both bulls & bears been preparing for "deflation"? http://www.google.com/trends?q=deflation. I've always pointed out the big diff btwn "deflation" and "depreciation". Prices at the supermarket won't drop EVER in the fiat currency US. But we will go thru phases of seeing our assets depreciate, ie the stock... and real estate market crashes of 2008 and 2009. How I'd trade this concept: http://shar.es/mUir about 1 hour ago

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Cody, I'm so mad at Fox Business for canceling Happy Hour, it was one the best shows they had. You were all good -- a great show at such a unique place with interesting guests and great hosts. Loved you and Rebecca and even Eric, the variety of the show was the best so much better than listening to one person spouting off for a full hour (even if you did talk over each other most of the time). I watch the show from the beginning and it really helped getting al the different opinions. Wanted so much to get to New York to see the show maybe the next time.
Wish they would bring it back.
martha