Terrific market action today, with just about everything going gangbusters, even Goldman Sachs Group, Inc. [[GS]] . With Cisco Systems, Inc. [[CSCO]] reporting close to 40 billion in cash, look for the company to make some acquisitions. I have some ideas and will share them, whenever the fuck I get around to it.
The way I am positioned now, I am “safe,” meaning the beta of my accounts are very low—due to the long equities/volatility structure of my portfolios. My near term strategy entails bulking up on longs, then liquidating them into strength. It doesn’t matter what I think: the market is too busy sucking its own cock to look up at the guy ready to strike it with a clawhammer to the brain.
NOTE: For the day, I was down 0.3%
[youtube:http://www.youtube.com/watch?v=UzKyYt9Aw0U&feature=related 616 500]
Schweet! SGG 😉
China in bear mode so why SINA and CTRP?
Just because they are in bear mode doesn’t mean they will remain in bear mode. I have never said they would.
seemed like u were implying it
Are you saying the market is “CAP”ped, here?
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ha
indeed
whattever happened to cap? maybe he devil-dogged himself
clawhammer is the next truthiness
.3% is pretty impressive, given the sheer volume of VXX you own.
See my top 10 holdings in PPT for further detail.
Gold and silver represent the only plays right now.
Everything else is a wait and see unless you are scalping.
Tell that to the guy long SY.
That’s the M&A pop everyone’s forgetting about here. 2010 is the “last good year” for capital gains, folks.
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true
Re PPT: March 2010, July 2009. We will see.
http://www.youtube.com/watch?v=Q40aPuFQ2us&feature=related
One proud junkie there.
“..the market is too busy sucking its own cock to look up at the guy ready to strike it with a clawhammer to the brain”
Yep, that sums it up. Pithy and brilliant.
I think gold is the way to go anyway, check on MTO.V ready to go too !
Alas the mother of all markets has no cock.
But you could suckle at her rancid breast. Knock yerself out.
told ya fucks
BIDU
my brokerage’s cruel joke last night – they adjusted the Bidu pre-split shares but not the price..I was a pasha for 3 gorgeous hours. If felt good.
Like having $25 on a roulette #
With debt running amok, spending going bonkers(see new health care stats), inflation on the countdown waiting for lift-off, I have to like the precious metals and technology. Especially data storage and cloud computing. Oh to be as nimble as Fly, clearly immune to the swatter.
http://www.youtube.com/watch?v=IvNH8WFihCc&feature=related
I was up over 2% today, thanks to The Fly’s platinum market hand, and his minions in the PPT. New high-water mark for my account. That’s with 50% cash and a small hedge (TZA) in place. Indeud.
Casey getting all fire and brimstone….
http://www.caseyresearch.com/displayCwc.php
As I’ve said before, it seems the PPT is more consistent at picking bottoms in an uptrend and tops in a downtrend.
Seriously here people……….What are the odds of GS, BoA, Citi and JP Morgan ALL turning in perfect quarters?
Something stinks about that…………
somebody on Cnbc said it was because they were doing less proprietary trading and more market making. Their days of making huge bets/coin may be behind them. If the Volcker rule passes expect more 100% profitable quarters.
You can’t make serious money unless you have some losing days. Unless you have a time machine.
40 points a day, dude.
with an occassional 1,000 point drop courtesy of the HFTs and the Greeks.
Greece hasn’t had such a major effect on the world in Centuries. From Socrates to Soros–kind of makes me question the whole Darwin theory.
thank you so much for posting DEADMAU5!!!!!
AWESOMENESS