The beige book data indicated economic contraction, into early May. However, there were signs of a rebound in housing. Nonetheless, the data was Yankee bullpen shitty, with the overall theme pointing towards deflation.
Well, shiver me timbers, oil is breaking the necks of lower class commuters and the metals are acting as if “global growth” is back in full force. I realize, deep down, the next sick trade will be on the short side. I am sure there will be an empty elevator drop over the next 3 months. My plan, as always, is to be in cash, during such said events.
There is so much money being printed now; it will be hard to stop this runaway train. The new money is not only plugging holes, but chasing assets. It’s obvious, as well as evident, those fiat dollars are chasing stocks, like a gorilla in a banana tree.
There is nothing legitimate or legal about what world governments are doing, via manipulating prices. But, as a manager of assets, my job is to determine the future move in equity valuations, not bitch and moan about the fucked up nature of the collective printing presses.
My money is better off alongside the criminals than with the likes of you, which in a fucked up way makes me an accomplice to a crime against humanity. Try and catch me, see what happens, fuckface. I’ll knock your sideburns to the front of your head, then off.
Top picks: FTK, OVTI
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Fly,
What about TRID?
still in it
I loaded up more on TRID on the dip. Fly will you be adding or staying at current levels?
‘scuse me, boss
That post was far “too smart” for me…
So, are you positioning yourself on the short side, or you bias still bullish?
if that post was “too smart” for you then you need to go back to 4th grade
he is long because he feels the governments are doing anything and everything, illegal or not, to push the markets up but knows that there is an impending elevator drop coming and he wants to be in cash by then
small mike….
Right on brother!!
watching the commodity bulls get stomped when deflation becomes the theme and flight to safety of the dollar will be glorious…
dollar will be at parity with euro and pound in next couple of years
Bears a pathetic, we end higher today.
For all of you green shooters out there:
http://www.federalreserve.gov/fomc/beigebook/2009/20090610/default.htm
I would give this a read and see if you believe the hype.
A must watch for you Josh lovers
http://www.xtranormal.com/watch?e=20090610144359600
LVLT in play
Sprint Nextel (S) may integrate its long-distance business with Level 3 Communications (LVLT) in a joint venture, people familiar with the matter said, according to the Wall Street Journal . The two companies have held preliminary negotiations about the matter in recent weeks but could instead decide to undertake a commercial partnership, possibly involving network sharing, the sources added.”
gappy, what are you into today? Banking any serious coins?
Josh: “I lost my shirt and now I have lost my pants.”
rofl
What’s up with UUP — what the dollah hollah is telling us.
With cool Petty theme song, to ice it.
_________
FTK and LVLT are exploding to the upside. Thanks FLY!
Note to Jake:
The Petty tune was disabled.
I could’ve used it to keep me awake through the close.
FTK going Gretzky!
FTK put on the cashmere, bro.
SMH making nice EOD off lows.
Not as nice as FTK, but then again I like to sleep at night.
I sleep at night. I have a fucking time machine, dip shit.
Fly, Great calls, great site. Thanks. I don’t know where the haters are coming from. I guess maybe they missed out?
gonna be raising more cash before the day is up, fly?
Indeud.
Prepare to go green for no reason.
thanks, jake …
==========
“JakeGint Says:
What’s up with UUP — what the dollah hollah is telling us.
With cool Petty theme song, to ice it.
_________”
Fly:
Those FTK profits (I’ve been in with you for 3 weeks now – thanks) will pay for that new A/C you need.
Although, you could just hire Steve The Neighbor and his kids to follow you around with large ostrich feather fans.
These end of day rallies are getting pretty strange.
found this, but whatever:
“We are seeing about a 40% average daily volume differential between the major indexes and their underlying versus the corresponding ETFs. The late day pop we are seeing is a combined ETF/futures buy program. This could be short-lived or run through the close. We have seen several of these big volume skews over the last 10 sessions, which have helped keep the indexes within a very tight horizontal range. The ETFs are the tail wagging the dog for the moment.”
Fly, is your target for FTK still $3?
Fly, is $3 still your target for FTK?
I think FTK’s target is much higher than $3; I am thinking $4-5 over the summer.
the market is giving bulls an out, i recommend it be taken
Drew:
“I think FTK’s target is much higher than $3; I am thinking $4-5 over the summer.”
I need 6 so I can buy one of those leftover Chrysler’s.
fly and all his flying burrito bros. ragin,jake,ca and those i fail to name-this is the best financial site on the web.the past 4years have allowed my son to go to any state school he wants and to pay for 500 years of the ppt subscription.yes i am a cheap fuck but i know who butters the bread baby-so i will be signing for the PPT.
Schizophrenia allows you to hold more than one view about the market simultaneously. This may be the secret to Fly’s success.
Brilliance is beautiful.