Don’t ever doubt my powers. As you know, “The Fly” is a visionary, who is able to make money in all types of weird, yet fucktarded, tapes.
While it’s true, over the last 3 months, I sort of lost my edge, with regards to making pristine market calls. However, I am back, big time, much to the chagrin of my detractors.
All day, I bulked up on my short positions, via inverse ETF’s. Currently, I have a slight bias to the downside. For the day, I ended up .2%, recovering most of my early session losses.
Within the rumor mill, I hear [[NTRI]] is regaining traction, ready to launch a new ad campaign and menu, early next week. Additionally, I understand BMY‘s dietary drug, Alli, is losing momentum, to the benefit of NTRI. Right now, I own less than 1,000 shares of NTRI, but will consider buying more.
Also, I hear [[FRX]] will clear some of the roadblocks to get FDA approval for Bystolic (beta 1 blocker). which may give a bouncy bounce to shares.
Finally, expect to see massive layoffs at the big brokerage houses. All in all, it appears 2008 is setting up to be one heck of a bowser. Once the job market softens, be sure to get the fuck out of equities and run for sweet Jesus.
Viz.
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Google just released their yearly search results and NTRI wasn’t even in the top 10 for diet searches. Weight Watchers was number 1. I don’t know much about what they included or excluded from the “Diet” results but it is something to consider.
The list includes:
weight watchers
jenny craig
volumetrics
slim fast
atkins diet
beck diet
ornish diet
zone diet
best life diet
mediterranean diet
http://www.google.com/intl/en/press/zeitgeist2007/alltherage.html
Jim Rogers says buy commodities. They will rise as stocks fall. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3Ffprxw004o
Fly, what is the recommended way to short Treasuries?
OT: tune
http://www.youtube.com/watch?v=DAF15FPMLQM&feature=related
Fly – how’s the traffic on the site compared to old school?
i am with you inverse EFT’s. its the ONLY way to make money in this type of market.
Buy EEV,FXP, QID, SDS, SKF, SRS, TWM. Just hold these for the next six months.
Fry,
It too ealry to crose out positions fo da ye-ah. Wha da fluck? No mo wahnt to bank quan?
Fry busy dlinking egg nog wealing led sweater.
NTRI Having worked in the low glycemic food space for 2 years you’d think I’d have NTRI locked down. Never have I been so assed backward on my option trades earlier this year…and had my ass handed to me. The only thing that worries me about NTRI is the overhang of class action lawsuits. Just my opinion, I think they have the right product at the right time, I just can’t read the fucking thing…
just read the first post on ths thread and unless you live in the 17th century you can’t miss them on TV…
I’m once again a fan of the NTRI myself. Rode it up a few times this spring; was luckily enough to have the stop in before the crumble…
Long again @28.
Mr. Bow Tie (Jimmy Rogers) is wrong about commodities and he should know better. If we enter into a worldwide recession and the Dow Theory is correct and the bear is here then commodities will sell off. Equity investors will sell everything and raise cash. Demand for goods will soften and plunge if the recession is severe. Gold will be $350 or less at the bottom, oil will be $35 or less, grains will collapse along with all other metals. I don’t know of any global recession in the last 50 years where the commodities increased in value.
BTW cool clock countdown to edit a comment.
Gold will not be near $350 in this cycle. Not the way Ben’s been devalueing money.
Hey fucktarded, ad spending does not equal consumer interest. Besides, I hear the food is awful. I personally think it’s a great idea to deliver pre-prepared small portion meals to the fatass fuckers in this country. This has got to be the only country in the world where the “poor” people are fucking overweight. Maybe the federal food aid programs should start funding NTRI programs exclusively.
please refer to my NTRI article.
http://www.ibankcoin.com/dannyblog/index.php/2007/10/24/ntris-capital-weightloss-plan/
So far, traffic is up by 3 times on page views, but down slightly on unique.
Coupled with people hating a non-blog format and seasonality, unique views are down for the first time in Fly blogging history.
However, the site will eclipse 400,000 page views this month.
Fly don’t you think you should own FLY?
PoorOkie you really are briliant…your parents must be proud
Fucktarded: When making intellectual insults, pleeze(sic) cunsult(sic) a dicktonary(sic).
Caddy,
“Mr. Bow Tie (Jimmy Rogers) is wrong about commodities.”
I’m not a fan of bowties but ignore Mr. Bow Tie at your peril.
“If we enter into a worldwide recession and the Dow Theory is correct and the bear is here then commodities will sell off. Equity investors will sell everything and raise cash. Demand for goods will soften and plunge if the recession is severe. Gold will be $350 or less at the bottom, oil will be $35 or less, grains will collapse along with all other metals.”
The logic make perfect sense, except that things don’t work that way. The supply of commodities will drop faster than the demand will drop causing price increases. No major oil field has been discovered in the world for more than 35 years. Oil production at existing fields declines every year everywhere except Saudi Arabia. Their reported reserves have remained the same for 15 years, no matter what they pump, odd no?
Virtually no new mine shafts have been opened in 20 years worldwide. How long do you think it takes to find & open a new mine, mine, refine & deliver to market? In the interim, prices go up.
“I don’t know of any global recession in the last 50 years where the commodities increased in value.”
Commodities beat stock returns 1969 – 1980.
i thought PBR discovered some huge oil field (Tupi)
Danny,
Could be. I took this verbatim from his 2007 paperback edition of the book: “No major oil field has been discovered in the world for more than 35 years”. The original copyright was 2004, so maybe that was discovered recently or it’s not “major” compared to other fields.
These are also direct quotes:
“Virtually no new mine shafts have been opened in 20 years worldwide.”
“Commodities beat stock returns 1969 – 1980”
PoorOkie Not bad, but is that all you’ve got? Not to mention you missed my original point of ‘net searches don’t equal sales…
Commodities beat stock returns 1969 – 1980
Err, that period wasn’t a recession. Real GDP growth averaged about 3% annually during that period, in spite of the high average inflation during that period.
Ot,
Never let the facts get in the way of a good story. But seriously, I’m just regurgitating what he said. Since he retired at 37, I’m going to assume he knows more than me.
Now into town for a beer.
Fly or webmaster thanks for the editor.
Heh. Maybe he could have retired at 32 if he hadn’t screwed up so badly.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=tm&bn=27329&tid=159391&mid=159411&tof=3&rt=2&frt=2&off=1
MVIS+
Fly reply?
1969-1980 was a period of devaluing money, inflation and the after effects of taking us off the gold standard for good (post Bretton Woods, 1971).
Idiots Nixon and Carter tried to battle the inflation caused by the Viet Nam war printing presses and Nixon’s taking us off gold by “fixing prices” by Executive Order. Result, ginormous gas lines, I’m told by my parents.
Of course commodities are going to outpace dollar denominated securities in that situation. One is reality, one is fiat.