All of you dick-suckers who talked shit about the buck in 2010 were disillusioned. Like a magician, Bernanke managed to print a “fuck-load” of new dollars and manage to post a year to date gain, for the dastardly currency. All of that, AND MORE, is about to change in 2011. I realize our resident gold bug, Senator ‘Gint is now bearish on silver/gold stocks; but that doesn’t make him right—just like when I was pining for the world to get sucked into some sort of laissez faire deflationary vortex. It never happened.
Going into 2011, you have a decision to make: book the tax loss on some losers, in order to offset winners. Or, leave them in place, hoping that you will get an instant pop after 1/1. You can’t buy said names back until after 30 days of sale, in order to avoid a wash sale. But, everything trades in a convoy these days, no? Let’s say, hypothetically, you had an unrealized loss in XOM. Why not sell that fucker and buy COP? Get my drift? As the year winds down, go through your portfolios and look for losses. Take them and put the proceeds into comparable companies.
As for me: I am doing numerous things, all pertaining to the arts of proper money management. I hope you realize and understand the gravity of my situation, booking mid double digit returns, following several high double digit returns. I hope you do realize how such wild and unchecked success in the markets might affect a person, such as myself.
For the remainder of that day, I will scrounge around for new idea.
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Indeud.
Have you reached your fill of MOTR? It keeps getting cheaper here for no reason other than idiots who want out due to huge gains from the IPO.
I appreciate the MOTR call very much. I expect to start 2011 with a bang thanks to it.
shut up
dont worry,the ben bernanke has our back.(cough cough).
me thinks the senator was calling “his” top for pm’s.but the unwashed,who are awaking,have not yet been counted,the pm’s is enfuego. he’s waiting for his 6 handle on exk. might be a bit of a wait though.
Just because the wind didn’t blow hard enough in 2010, doesn’t mean that the dollar critics were incorrect about adding height to the house of cards.
Keep an eye on M2 velocity. (the wind)
Don’t throw in the towel for da BULLS. We still have a few more innings as Q1 2011 will be a launching board for the new economy. Bernanke and Obama haven’t finished pumping Americans with happy gas!
weak dollar – who cares?
unemployment – who cares?
etc. – who cares?
LONG on margin.
As for me: I am doing numerous things, all pertaining to the arts of proper money management.
I hope you remember the Arts in 2010 in your charitable giving. They are all sucking hind-tit.
Don’t bother with The Met, however, as it’s a mismanaged bunch of cash torchers.
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How about SHZ zzzzllll as a spec play ?
Bot @$5.03 this morning after taking $north of $3 in REE….YIPEEEEEEEE
oil has had every reason to go down lately and it hasn’t so i guess it wants to continue higher.. dollar is gonna get crushed like the fly says. lets all help bring the us economy to its knee’s again and drive oil up to $150. sure the fundamentals don’t support it but who cares us speculators will make money. i am long silver from this mornings gap up. might want to wait till next week b4 starting an oil position – thin markets.
Don’t disagree on “you ain’t seen nothing yet.”
My thesis has the dollar going to mid sixties, minimum.
Gold and silver are merely overbought right now. The respite should be no more than a few weeks, maybe six or seven on the long side.
If I was buying here for the first time, I wouldn’t fret too much about holding through a downturn (and I’ll hold at least half my position come hell or high water).
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Tell it to MVG … I won’t catch you in the SOTY contest (save for a buyout) but I’m catching up …
See my comment on my blog. I have tonnes, but am hedging as of today.
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Sold losers awhile ago, as my only losers were iregreek names, if I decide I want them back, it looks like they won’t be more expensive.
I am still holding off selling winners until january, to maximize working capital after april, but I have hedged against the appropriate amount and type of securities