National League=Bank Stocks.
UPDATE: Mr. Mortgage on the wonderful world of housing.
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Joined Nov 10, 2007
23,423 Blog Posts
LOL. You know the American League is better. They have better hitters, ballparks and are more tenured.
However, the National League does have better hurlers that serve up nice fat pitches right down the middle of the plate.
Hey, that makes it only 11 in-a-row for the AL (+1 soccer-style draw)!
Like the Cubbies, there is always next year, NL!
New paradigm afoot. The carries are now manhandling the dollar. In times of yore, market volatility would knock down the kiwi and the aussie hard, as in March. NOt now. They are manhandling the dollar. Yesterday the Aussie looked like it was heading for parity. The Loonie is going there as well, bringing me to my next topic. Harvest is a Canadian integrated that just caught a downgrade yesterday. However it paid the same as most other canucks. While it is true that it has a three to one debt to cash flow, troubling indeed, it does have an upgraded sour crude refinery in Newfoundland as a result. The knock is that its upstream operations are falling off and it can not get more financing. It can however sell plenty, it has land in the Bakken on the canuck side, and it know how to find oil. It also has nat gas, about half of crude reserves. NOw that the major upgrade is over, Harvest can spend money on exploration, and sell some assets to bring down debt service. It appears to be bottoming, and you do get a good dividend while you wait, even if it does get cut down from 15%. I also like that it has a built in hedge. If oil crashes, it makes money in the refinery. If oil booms, it makes money selling land. It did fuck up its hedges though to get financed for the refinery upgrade. Look at Trinidad and Precision drilling as well. They moved off the bottom since late winter and if this drilling buzz keeps going, their prices keep going up. Trini esp has over a hundred new rigs. you get divs there as well.
Nouriel Roubini’s rosy outlook for the economy & stock markets.
I think Nouriel, Mr. Mortgage & Fleck (and lets not forget Mr. The Fly) should all be arrested for rumor mongering down markets and companies, stealing 401k’s & pensions, and spreading un & antiamerican fear and panic amoungst [sik] the citizenry.
Death for treasonous propaganda seems reasonable.
The short sellers nightmare … I am short some ANR and was gonna start pressing that bet today. CLF taking them out for $128 from a $95 close. OUCH!
wtf are they thinking buying them at all time highs? They must think they better use their own currency before the fall.
I think you short (for a trade) any pop in the other coals off this news. FCL MEE BTU ACI PCX JRCC
Please identify the new faces of iBC. (The middle guy we all know as Uncle H)
Who are those guys?!??
Does anyone sit through Mr. M’s 10 minute diatribes? Dude, you need to cut those things down to 2-3 minutes.
I don’t even watch 10 minute porns.
I just shorted the whole lot of those coal fuckfaces .. they’re all up egregiously. Piker shorts panicking.
Bob Fuckface Faulkner, tech “expert”(LOL), from RealMoney waxes positive about good tech earnings from INTC, ALTR .. Mr. Fuckface leaves out ASML bringing guidance down significantly, STX margin squeezage, not to mention a CSCO downgrade. Sure JAVA preannounced positively but JAVA lowered the bar enough for a double amputee to clear.
He may ‘know’ tech but whats up with leaving out the negatives? This is so typical of these book-talking, hidden-agenda, sell-siders.
CPI 1.1 (0.8exp) WOW
core CPI is 0.3 (0.2exp)
1970s redux. I recall my Dad hoarding sugar and paper towels when it was on sale. Funny thing though is that we lived in Miami (very humid) and two years later when he opened up the sugar it was like a brick.
My Scottrade quotes might be messed up, but did anyone else see the VIX hit 38 at the open, and then immediately fall to 27? This I am hoping is just a mistake, but if it is legit, is the gov’t now fiddling with the volatility index as well? Thought being that if it gets that high, people will think the market bottomed and start buying again??
Bruce,
Nice call here. I am looking at JRCC at $49.10, which is it’s 23.6% long term (two year) fibo, and “coincidentally” right at the downtrend line as well.
Sorry about ANR, although it’s well below the takeout price right now.
_
Fly,
You still holding VLY? I think this little run up will be short lived and the stock will eventually die. I hope I think.
Edit: I just got stopped out, fuck that bank.
Holy shit, there goes JRCC!
__
Mac:
The VIX open WAS 38.83, probably a misquote
I assume it was, but like I said, I don’t put anything past the PPT in order to get this market going. I’ll be interested to see if shows up on the daily chart.
At least I’m not going insane, yet.
The fishes in the barrel have found some guns of their own and are firing back. FMBI VLY
We could be in for that elusive pause to the downside.
Will it be a day, a week, a month or the usual hour? Stay tuned.
jrcc won’t crack this easily. patience perhaps.
covred jrcc