Bank Stocks are for Losers
Using Cramer’s logic, seeing the old momentum stocks bust caps in the bears, one could make the argument that “late cycle” plays are being bought—due to the end of the arduous recession of 2008.
Some of my old positions are blasting higher, such as (RIMM: 74.5903 +0.13%), (AAPL: 223.88 -0.11%), (RS: 47.53 -1.92%), even (MVIS: 2.66 +1.92%). On the other hand, all of the coveted “early cycle” plays are being beat up and stripped of their lunch money, such as (SCA: 0.53 0.00%), (MTG: 8.43 -0.24%), (FHN: 14.24 +2.23%), even (AXP: 40.915 -0.23%).
Back on earth, us humans who do not like to gamble with money say “fuck the banks,” as we drink florescent green soda from diamond encrusted chalices.
Ag stocks are very strong, as wheat and other food commodities press higher. Should wheat stay “retardo high,” I want to be short (PZZA: 25.55 -0.20%) and (DPZ: 13.5299 -4.65%), due to their inability to pass along cost. (DBA: 24.97 +1.01%) and (JJA: 41.3192 +0.56%) are excellent ways to play the boom in food commodities.
Pizzeria’s are fucking doomed.
Finally, I will use this rally in (RIMM: 74.5903 +0.13%) to sell. And, I will take advantage of the spikes in (FCX: 80.70 -0.65%) and (MON: 72.21 -0.07%) to buy more (SMN: 7.102 +1.46%).
NOTE: Eric “the oil barrel” Bolling is on Wallstrip today. Special bonus: He says all you global warming believers are asshats. Good stuff.
my largest position is SKF, thanks to you.
Good times.
I’m beari$h thanks to The Fly, Wood and Ducati
But when ready to go long, Ragin is where it’s at.
SKF to 140
Skiffles still over $100….
Um, I mean $105….
Oh… sorry… $108….
Can you short the SKF? Wouldn’t that be a double long position on the banks? Seriously, the way this bitch moves around, why not make money on both sides of the trade?
Buy puts on SKF
Is there and inverse ETF for the 10 year bond aka TFT or even a double inverse. Thanks for the help.
If you don’t like the volatility of SKF, why not short KRE? I did.
How many times will we bounce at Dow 12,150. Are we going to need some bad news timing to break through?
uyg double long banks, I think.
Shocker, I agree with this post… but prefer to play the whoresmen directly, C, MER & COF now.
One of my core positions is short FXE (euro$) but it’s an expensive trade since shares cost 100x the euro. In retrospect, i should’ve bought a bear put spread. i think there is still juice in this trade as ECB becomes more sensible. yesterday’s language indicated to me that they are finally starting to realize that they can’t control the cost of oil and food (the things that are causing +3% inflation in their economy) and the real concern is growth. with helicopter Ben dropping rates and ECB going into recession, the Euro will decline further.
A motivational message from your friends at i Bank Coin.com.
Yea, global warming is bullshit.
Avg. temps are higher, due to total solar irradiance increases, which is cyclical.
Mars is also warming up and ice caps melting. Do they have SUV’s there?
Global Warming = Global Tax
Down with Rockefeller and Bilderbergers and NWO
SMN+
Thanks Fly, UYG is the ticket. I think if the SKF can’t break through about 119, it’ll be back down quite a bit before it moves higher. This looks like a trade that will continue to work. . . until it doesn’t!
Got rid of all my SRS, it almost topped SKF today.
I really want to nibble at HANS here.
Thank you Fly!
Is this the same Eric Bolling that said NYMEX floor traders have no effect on the price of oil?
LOL @ Pizzarias are doomed, lol
You guys shorting the banks are in good company, the clerk at my convenience store and the beer delivery guy are buying puts!