If you really want to play the oil sector, go with OIH. Fucking around with individual names, like RIG or BP now is pure gambling. At least with OIH, you get a modicum of sector diversification.
Lucky for me, I have been out all day in meaningless meetings, chomping on bread and shit, looking at the birds. As far as I am concerned, the summer is here and I have little to no interest in the stock market, barring the eventuality of a HORRIFIC crash. Even so, I am much more interested in not living out my existence like some of you middle aged, office drones, whose big daily highlight is lunch. Maybe our European suckers have it right, with all of their leisure time, hanging around Ficus trees, smoking cigars. Granted, such a lifestyle is counterproductive and leads to all sorts of fucktarded lifestyle choices. However, the American lifestyle is pretty much as dumb as it gets; so I will take my chances—going with a “hybrid” version.
I always say: “never work hard, but smart.”
As for the markets:
Yen weakness is allowing stocks to rally. I do not trust it and spit in the faces of those who do. Yesterday you asshats were buying FAZ, today FAS. You don’t know what you are doing and should be executed for crimes against finance. With my money, I will let it marinate, for today only negates yesterday’s rape. I will be sure to do something tomorrow.
In the meantime, I am long vast amounts of VXX (16%), and 35% of my assets are invested in a long position, amongst stocks like PKX, GS, ATPG, SD and FTK.
Patience killed the cow and ate the steak. That is, without a doubt, my middle name.
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FIG
Lord of the Fleas!
show us your tinyurl
Nice work, jg.
The Fly is God.
YAAH
UNG is budging out of its descending triangle set from last January high.. Who said TA doesn’t matter. You know fly is chomping that chart as we speak looking for a bottom in SD.
Fly how about your FAZ still holding it??
Still own it.
Fly, why do you generally prefer VXX for FAZ for this situation?
yesterday he said VXX was the main play or something along those lines.
Exactly, and I was wondering why VXX over FAZ. Looks like thread is dead though.
This is not work……..never has been.
Oh really, you try dealing with rich assholes everyday.
(laughter) you should remind them that business is a two way street, and throw some of the more obnoxious ones to the birds.
I’d pay to have a picture of some millionaire being told his money is gay because he comes along with it.
Quite Disturbing.
http://www.cross-currents.com/archives/2010/05/12/very-few-things-shock-us-anymore/
What a sick fuck she is …we should definitely fund religious nutjobs on the other side and have them slaughter people in international waters to make up for feelings that she may have bruised.
I also put no creed in this rally. Medium to long-term trend is lower. FAZ and VXX should continue to be bought on dips.
All technical analysis attempts to quantify the fundmentals.
ps Scipio is from a book, not teevee
Need a hobby?
http://www.theecologist.org/how_to_make_a_difference/food_and_gardening/473024/how_to_be_an_urban_beekeeper.html
Actually, the highlight of my day is when I crawl under the desk of my cubicle and take a long nap. Nobody misses me and sometimes I bring in my portable TV,put on the earphones, and watch a ball game. George taught me this when he was working for the Yankees.
“…office drones, whose big daily highlight is lunch.”
So funny, so true!
Thank you for your daily entertainment.
Fly,
When you marinate 3x leveraged vehicles… don’t you lose to the leverage decay?
Just curious your thoughts on that.