The dollar is ripping higher today, yet stocks are yawning it off. Is it possible for stocks to rally, as the dollar strengthens? Sure, why the fuck not?
If real growth can take hold in the U.S., the reflation story will take a back seat and equities will trade based on fundamentals again, not some absurd “death to the dollar” scenario. However, I will admit, people are sort of mind fucked when it comes to the dollar/equity relationship, which may initially jar stocks, as the death to the dollar trade unwinds. The dollar carry trade has been ongoing for a very short period of time and will likely be unwound, slowly, overtime. I do not think the dollar is due to spike higher. I am just laying out a scenario where it stops going down, and stocks still go higher, nonetheless.
If this scenario unfolds, the worst possible investment will be gold. It will feel like dot comville, April 2000, for the doom and gloom gold buggers.
With my money, I much rather buy coffee machines, via Green Mountain Coffee Roasters Inc. [[GMCR]] , or something easy like [[HEAT]] and CGG Veritas (ADR) [[CGV]] .
Bottom line: we are running downhill now, without sneaker or socks. This is a long only market and it should be treated as such.
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Can’t have a slice of my dollar bill pie.
Fly, we have one of those K-cup machines at work, but there are long lines and I feel like cutting in line. What should we do?
Also, have you ever emptied your K-cup bin and looked at the K-cups? They each have 2 holes – a larger hole in the center of the lid and a smaller hole on the bottom edge. What do you make of this design? Do you think they placed the smaller hole on the edge so that the punch on the top wouldn’t collide with the punch on the bottom, or do you think this decision was based on fluid dynamics?
Have you had the place inspected for mice?
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I didn’t see any mice shit.
http://www.washingtonpost.com/wp-dyn/content/article/2009/12/13/AR2009121302442.html
vote 5 or die
I thought the V King got banned
He escaped.
I thought the V King got banned.
Sounds like one of my children.
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Hey Fly — I am loaded up on FTK a few months back, do you plan on buying more here at $1.00? I hardly follow along on any of your picks but ended up with a buttload of this one.
tough call. I bought some down here. But the co is unresponsive. There are better places to put money, as of now. They need to come to terms with the bank by 12/31
Fly,
What do you think of POWR? DYN? IOC? BML-H? And Steven Seagal’s skills?
I don’t think about them.
lol
rofl
If this scenario unfolds, the worst possible investment will be gold. It will feel like dot comville, April 2000, for the doom and gloom gold buggers.
How wed are you to this thesis?
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I am not wed to anything.
Save the estimable Mrs. Fly, of course.
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Glad to hear on the other.
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Naturally. I am also wed to my curse: the ability to bank coin no matter what.
Naturally, but then “heavy is the head, etc. etc.”
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Can you feel the exhale?
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Jake you are a GINT among men….