Yields are fucking soaring in Bernanke’s face. Take a look at munis or treasuries: ouch. One might say “rates are normalizing” because the economy is roaring back. It’s not coming back, but ROARING. However, if that’s the case, then why do we have QE2? Conundrum.
With my money, I stepped up and added to my EXK position, when it was down 5%. On Jupiter’s Stone, that motherfucker responded to my emotions and ripped higher. Moreover, I added to my REXX position into bullshit weakness. That came back a little too. As of now, EXK and REXX represent #1 and #2 positions by size.
Two Chinese ipo’s worth noting: YOKU and DANG were stellar outperformers today. This bodes well for investment banks. Not only are they busy with mergers and acquisitions, but their ipo desks are humming. At some point, YOKU is a must own, for the long term.
All I have to say to you dirty bastards: indeud.
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lol, nice… instead of a song, can you just post some sweet titties from now on?
Nah, I don’t post soft porn. This is a respectable house.
I’m haing flash backs to the days when Chuck B somehow got a tabbed blog spot. That was classic.
aw, damn… can’t please everyone i suppose 😉
lol – now I know why your name is stinkystank.
By the way, what is with your picture? It’s kinda creepy. Just curious.
hehe, u sure about that? hint, ‘stank’ rhymes with ‘dank’ 😉
that’s my junior-high prom pic. i had the SWEETEST tux
Lol
Go check out The V.King peanut gallery past post…Now I need to go back to doing 45lbs kettle kickbacks and being banned…
what does it take to get banned?
You owe Chuck Bennett one arm Sir.
Your LMLP bullshit is back to where it was.
The yields and economy conundrum reminds me of a mobius strip and a headless chicken at the same time.
Fly,
Aren’t you a little concerned that both Oil and Silver seem to be poised for a massive correction?
Until Fly gets here, I have an answer for the silver at least. Gold and silver are more unquestionably in a bull market than anything else under the sky. If there’s a major correction, I don’t whether Fly would sell, because sometimes he doesn’t hold things for the long term. But any long-term investor holding high quality gold and/or silver stocks would just hold all or most of them right through any correction, as the precious metals have the prettiest long-term charts out there.
Regarding the oil, until we come up with a cheaper source of energy that can and will be widely used, oil will be valuable. However, everyone and his brother does seem to be working on developing more efficient and cheaper solar power, wind power etc.
I meant on a little bit shorter time frame($2-$3) for both.
The short-term bias in EXK is down.
It will be cheaper in January.
Shut up
Why do we need QE2? Good question.
I think it has to do with Bernanke’s lack of self-esteem and the fact that he drives a Ford Focus.
Somehow, spending $600 billion of funny money must make him feel rich and powerful.
I am flabbergasted and speechless. You should be thinking me, for I am about to make you all rich (on paper).
.rather…..thanking me….I know you think about me all the time.
well hurry the fuck up will ya,santa’s coming
Apparently the Bearded Clam has worked his magic on YOKU today.
DANG good, too.
“Two Chinese ipo’s worth noting: YOKU and DANG were stellar outperformers today.”
Sterrah outpelfolmahs? Sterrah? Dees stahks lipped da faces off da beahs and pissed on dair empty skurrs! I lich, but now moah lich. I go buy gorden monkey with top hat to go in my aviary. Maybe buy nukrear submaline, oar some ting expensive.
We need QE too so that banks will get richer quicker, so that folks who invest in hedge funds will make so much money that they will buy extra McMansions, causing housing to reflate and making homeowners happy. And the housing reflations will make all those underwater loans on the books at FNM and FRE and elsewhere not so underwater any more. And QE2 will also make it so that hedge funds will own so many stocks that they will decide they need to spend their additional riches diversifying into bonds, thus bringing interest rates back down and helping housing in another way. It’s all about 1) housing and 2) the bonuses at TBTF banks and hedge funds, and 3) bonds.
Watch china over this weekend. If this is the start of the big china collapse, money will involuntarily get forced into safety assets, like TLT and (oddly) MUB
A 2 year tax cut extension, and a TLT collapse, has only boosted the dow an average 10 points in last 2 days. That divergence is profoundly bearish.
I mean, the three sources of the next moves up were supposed to be
1.money managers fleeing bonds,
2. QE 3 on 60 minutes,
3. 2 year tax extension.
We’ve gotten all 3. And not a damn thing has happened.
We CAN crash into christmas/new years—Remember, we crashed over 1000 points in that period during 2007.If a tax deal, bond collapse, and hints of QE 3 cant trigger a new leg up over last 3 days—what will?
I’ve had a vision of Shanghai’s richest neighborhood in 2015. Not too pleasant.
http://www.myspace.com/video/vid/15075637
Bring the troops home from Iraq and Afghanistan; sent them into Detroit and Philly and LA and have them round up and beat the fuckin shit out of these kind of hip-hoppers, cuff em and fly ’em over to Somalia and drop ’em off there. Without parachutes.
Thanks for the chuckle.
Makes my root canal feel better.
“We’ve gotten all 3. And not a damn thing has happened.”
Yet.
Watch the markets. All the time, all the time, other bloggers other than Fly are always saying: Obviously this market is weak because this, that and the other good things have happened, and the market hasn’t even gone up. People were saying that when it was at 6500, 9800– you get the picture. They say that, and then, next thing they know, they turn around and it goes up 1000 Dow points. Sometimes it just stalls temporarily to fake you out and make a lot of people get short so that they can be squeezed later. Which is the origin of the saying “Never short a dull market.”
I was extremely bullish below 10000 this summer. But, I do get your point on permabears who sat short all the way up.
Historically, there has never been a consistently profitable permabear, or permabull
and yet, those 2 types of clowns are the most popular financial gurus. Hard to understand.
thats cause idiots believe them
Hey Guys, I have a question that I’m dying to know. How much you do you think technical traders such as WEEKLYTA, ALPHATREND, ZORTRADE, TRADERSTEWIE, CHESTNWINE, RAGIN CAJUN.. make annually?
I’m learning TA. I’m willing to invest all my time on it but I want to make sure the reward I’m getting.
Thanks and good luck to your trading,
Not as much as back in the day when T/A worked.
the jake gint said a few back that,”i made some money this last couple of years,,but it was more of perserving capital”.oh so true,but dont be fooled,these guys can make some coin,they can lose some coin,but they will have a steady stream of income,just by providing the sites that we like to frequent everyday. its not easy making coin in trading/investing,and its doubly hard to do both. they have done it long enough. i have been doing it for almost 5 yrs,the self induced apprenticeship is not easy but after time you come around.and ta is not a weekend course.the whole deal is a commitment to a craft. and im surer chess’s chest, is allright. happy hunting
Hedge funds for everyone. Suits can make the 2 and 20, if they support the proper political party, and only pay capital gains rates on their income. Fastest route to prosperity. Allow one to invest their projected social security proceeds in these special hedge funds.
youku is de facto youtube nobody ever had a chance to make money on youtube becouse google bought them out. well now is your chance
Yes
WOW, finally decent music track!!!
What music?
I just kept staring at what’s her name.
It looks like some kind of feminine hygiene commercial, but maybe I’ll press play anyway…