We are seeing classic examples of short covering today, with a myriad of low quality names running— no sprinting—higher.
Stocks like ETFC, C, BAC, AIG, GGC, RT, BEXP, SEED, BBX, HIG, GNW etc.
Once again, I want to be in cash, while shit is floating to the top, as the country collapses from within. It’s a very dangerous game to play here, considering the circumstances. We are in a depression. Anyone who says otherwise is either too stupid to understand the numbers or Larry Kudlow.
This rally, like all others before it, shall end. It will likely last for another month or even two. However, when it ends, you will regret being born into this bastard of a world.
The gist of this article is to alert you to the fact that low end names are running higher; the market is chockful of degenerate OTB guys. And, furthermore, you need to head for the hills. These are the weak hands invested, who will sell at a drop of a hat. So, as you sit there, watching your 4 figure accounts appreciate, remember to put strict stop losses on your positions, considering the casino-like demeanor of this market.
NOTE: If you bought KIE on my suggestion, consider taking profits here.
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Anyone who says otherwise is either too stupid to understand the numbers or Larry Kudlow.
ROFL.
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Have you poichased some earl based stocks yet?
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Thanks for sharing. I’m checking in on market and your blog from time to time. Wishing you well with your upcoming transition you had mentioned.
Achee-wawa, C with a triple off the lows in ….
eight days??
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13:52pm MON Citigroup maintains Buy before earnings but cuts MON ests and target price (to $98 from $110)
Anyone who says otherwise is either too stupid to understand the numbers or Larry Kudlow.
LOL nice
just bought some UBSI under 16
Anyone watching my SONC or ADBE 🙂
Gold stocks moving.
Question: Is this like monetizing the debt?
Anybody?
TLT ripping
30 year bond just jumped up over 5 points…just another day in the funnel
UBSI first bank stock I’ve bought in 1000 years
PPT likes the fundies and I like the Chart so there!!
T MOE shorts SPY at 80 and buys GLD
No disrespect to FLY, but we have seen far more dangerous days since Lehman went down the shit hole, than the what we’re dealing with now.
Gross just answered by question.
T MOE buys TBT
Not good for TBT
30 year bond now up 7 points
Careful there T MOE.
I did that at the last Fed announcement and had my head handed to me.
Wait about a week or so IMO.
8 points
Buying TBT right here.
Monetizing debt is good for gold.
Holy shit, I go out for a samich and I come back and the dollar has shat the bed in a big way!
Time to get long earl, gold, coal, other common oddities.
They’re knifing the dollar like a cheap hood in a back alley.
WTF w. TLT, though??
(Preparing TBT Hoovers!)
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30 year up only 6 1/2 now…dealer pays TMoe and Gapping
Is Cramer breaking down?
Somebody call Bellview.
ERX with an erxion.
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I had the most terrible dream. The country was collapsing from within, the dollar fell, I was fired from Duke and Duke, Penelope hated me, and it was all because of this horrible, awful negro.
My biggest problems with this rally have been who’s led it. First off, because it’s been led by shit names in the financials and REITs that I know aren’t quality, and second off, because I’ve been long but stayed away from those names, giving me an issue because I didn’t get all the move. Fuck.
At this rate my 4-figure account will be 5-figures by the end of the week.
Deal with it.