You think you are making a fortune? Try taking your winnings to Italy for a 5 course meal, then tell me how awesome your winnings are. The declining dollar is robbing you of gains, a percent here a percent there. It adds up. Unlike us, foreign countries are enjoying robust currency action, as well as stock market.
A few weeks ago, during the decline, I launched a Foreign Index, for PPT users. During the recent revival of the bull run, my foreign related holdings, such as Ctrip.com International, Ltd. (ADR) [[CTRP]] , POSCO (ADR) [[PKX]] , ICICI Bank Limited (ADR) [[IBN]] , Mechel OAO (ADR) [[MTL]] , Vimpel-Communications (ADR) [[VIP]] , Aracruz Celulose SA (ADR) [[ARA]] , Sociedad Quimica y Minera (ADR) [[SQM]] and CGG Veritas (ADR) [[CGV]] have crrrrrushed my American stocks, reducing them into little yankee doodle cupcakes.
The point: quit thinking the Russians are going to nuke your schoolyard and start looking abroad, since that’s where the growth is. Follow the growth and prepare for volatility.
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EWZ
thanks PPT
You left the preposition hanging?
but you are right…abroad is where it is…..at.
shut up, AT ONCE.
too funny…lol
Artist you have a great Gravatar.
thanks…
I just noticed mrkcbill has something similar…is that one of yours?
I’m pissed at the oligarchs who have made a goat out of our precious dollar.
How have companies ruined the currency?
something I found out a few months ago: if you just plain suck dick at trading/investing, or are a crazy person, the PPT will not be a miracle cure for your hemorrhaging portfolio. nothing replaces hard work.
edit: on another topic, this guy is awesome:
http://www.youtube.com/watch?v=KIyARZQrX4s
correct. But you are still a…
Damn I can’t curse till 10,500.
See you then.
can’t wait….
for both, that is…..
the cursing and 10500, what a great combo that day will be…
I wounder what your headline will be?….hummmmm
well… i considered everything you said, and looking back, I was a little confused and belligerent.
Fly, “damn” is a curse word.
Hammy, I agree. I’m sure I am not milking the PPT to it’s full potential, yet.
I will say though, that it is the best tool vis-a-vis streamlining the research work I have to do in order to feel confident making a trade. ALSO, there have been a lot of charts lately, pointing out the impressive top and bottom picking that’s been going on. Let’s be honest, anybody can read charts.
On another note, getting paid in Euro’s has never felt so swell. Sometimes I dream about UUP price action. The post-communist hilarity can be frustrating, however.
You know, that guy kind of looks a little like Andy Swan.
Swan is a little more calm, however.
___________
I tired to get a swine flu vaccine today and they told me come back in two moths they wre giving all they had to the GS Traders.
The guy at the front mumbled something like “HEY, IF THEY HIT THE WRONG BUTTON THE ENTIRE WORLD FINANCIAL SYSTEM COULD COLLAPSE”
Man they are just twisting the knife into us bears today. Thank God I covered almost all of my shorts at the open. These low, shitty volume melt ups are killing me. I am stepping out of the way and will stay 85% cash, because the market can stay irrational longer than I can stay solvent.
Barron’s had a positive story on VIP this weekend …….. nice pic
Belski is a bafoon, an idiot.
I am going to buy 2K shares of SRS and 2K shares of TZA later this week, probably Wednesday. I will hold them for “a minute.” Sold EQIX, PKX, ARA today (thanks Fly). Holding onto CAGC, CMG, GLW, TEVA, SVA, GS, HBC, and what’s left of my motherfucking CIT.
Anyone in ABAT with me?
i still own it….from $4.20 and $4.
Do you see it getting up there again or should i commit seppuku now?
Any thoughts on PCBC, Fly?
It done hammered down pretty good. Seems worth the gamble at sub .90.
Move cash to a basket of foreign currencies. US banks are useless for this but a descent brokerage (I use IB) will allow you to keep your account cash in any currency and you use the FOREX market for the actual exchange so you are only paying bid/ask spread. I moved 1/2 our savings from a 0.15% savings account not too long ago to a basket of 5 currencies GBP, JPY, NZD, EUR, AUD. Look out for a dollar rally but I haven’t regretted it and it has yielded a far better return that the 0.15%.
Dude, put down the bong – we’re fucked, the rest of the world is fucked worse. Now it’s confirmed there is a USD carry trade, this could blow up any minute and send the dollar higher, so there is no point in betting on foreign assets in the meantime, as the carry unwind will come WITHOUT WARNING….like you will wake up one morning and have gotten RAMMED as no-one has the common sense to use stops or shit. I know I don’t. Anyway, I told the world I was long the dollar 2 weeks back based on some anecdotal nonsense from some losers about credit card companies raising their interest rates, and am now getting corn-holed, but I am afraid I will look like some freakin’ con-artist if I change my mind to my suckership (again), so it’s long dollars for me, and if that don’t work out, then I will just blame Berspankme for corn-holing J6P by deliberately devaluing the dollar, even though I stated numerous times that banksters want a strong dollar, and anyway none of my shit has made sense before so why should it make sense now?
Lol
DON’T FORGET KARL’S ALL CAPS EMPHASIS!
As an aside – are there really any good ways to avoid getting reamed overnight for us piker traders? Stops are great and all but when overnight prices go nutty you just get stopped out at the shitty opening price not your stop (or you just don’t get filled if you limit). And when there’s a bounce from the opening dip, well that’s just rubbing salt in the wound after getting stopped out.
Dude
Sorry. No. I don’t accept excessive capitalization on this or any other site, as it is akin to shouting on the internets. Now if you will excuse me, I gotta go ban the growing number of restless masses on my site who are starting to see that I am just a retard wannabe Hillbilly with a personality disorder and poor record at prognostication. Then I gotta go explain the dollar carry trade, and how the dollar is going down because of how low interest rates in the US mean folks are borrowing from Berspankme at 0.5% and lending in Australia at 3%, and how the Feds need to raise rates to 2% to stop things from going [insert cryptic nuke animated gif that could be taken to mean anything] even though I stated on numerous occasions that the Fed can’t control interest rates, and Australia isn’t even in the fuckin’ Dollar Index anyway.
Wish me luck.
Oh fuck, now people are pointing out the fucking silly flaws in my ill-thought out logic about the carry trade, borrowing in dollars to invest abroad and the S&P here at home goes up don’t make no sense. Goddamit, I don have a friggin’ clue how the carry trade works, I just read some stuff about it on Zero Hedge once. Anywayz, I need an excuse for the way the market pwns my azz every time I step outside my Gold section and make a prognostication in public, and thought carry trades sounded good, cuz when they unwind (or whenever the market turns around for a few percent) I can start a Ticker called “I Told You So” and bask in the dick-sucking from my sycophantic suckership….even though Tickers are in no way to be confused as trading calls, and I will ban anyone who brings up my fuckin’ asinine prognostifications.
Inflation better than deflation….
Also picked up some GMCR at 68 (thanks for the nice pice on coffee Fly)
With my winnings I will join the PPT…