As Europe deals with bad bond auctions, I am on the lookout for market deterioration. In order to get me to sell, I need to see fucked up price action in leadership stocks, as well as commodities. I might give gold, silver and oil a pass, due to mid-east chicanery.
And, I need to see both the bond markets and dollar firm up. In other words, I need to see Bernanke and his POMO ways take a breather, giving way to good olde fashioned deflationary vortex.
It’s a hard call, mainly because of seasonality. After all, we’re in fucking March, not September. According to the laws dictated by the seasonality Gods, we are supposed to trade up until May. However, we are dealing with a series of unforeseen events here that shit in the face of so called “seasonality Gods.”
In short, I’d love to see gorillas on cocaine ramp this market up, so that I can blast gangster rap music in my office, as I slap the shit out of low level employees with hot slices of pizza. But sometimes dreams do not come true, jackass. Welcome to the real world.
Speaking of which, Dykstra is back and crazier than ever. You’re all gonna suck his cock: the American ghandi.
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That Dykstra video is classic…he’s our East coast Charlie Sheen…take that you Left coasters.
Yep, you are onto something. The selling is just getting started. I would think gold and silver will fall too…
I didn’t say that. I am watching closely
let me know when you come over to the dark side
Wutang killah
everything looking a little weak today
How can one person be so consistently WRONG?
I agree. This gay bastard is an idiot. The market always does the opposite of what he says, and he still continues to blog like he is an expert. Give it a rest Huggie.
You give me too much credit. The market doesn’t do anything in consistent relation to what i say.
In other news, SHUT THE FUCK UP.
1) everyone has cold streaks
2) don’t count your chickens
How many times do we have to go through this lesson? BTFD!!!
screw it, i’m going skiing….
pocket rockets eh
I have an idea. Let’s continue to pretend we know what the fuck will happen.
Booyah! I knew Lenny would make it back!
He truly is one of the greats!
Take my word for it Cramerica!
I’m just here to try and make you money.
Minerva, my pet owl, is fluttering her wings. Be vigilant.
rofl^^
So what stocks or inverse ETFs would benefit in a market deterioration?
I like to play FAZ, but is there something out there better than that?
Thanks
zzz
I see, from his interviews on yahoo, that bill gross of pimco is buying treasuries again…
Nobody more willing to lie and use the media to help his book than gross
LOL – That Lenny video is great. He should be the next guest on Sheens Korner. #Crazypeople
There’s already been a radio show with them. Sheen is way more adept at appearing or being publicly nuts. Joaquin Phoenix should be ashamed of himself.
SPY just hit through the 132.28 area if resistance and may roll
my thoughts after watching that video..first off, it ‘s sad to see a person come to that…my guts says he has been chasing the wrong thing first..there is a verse in the bible that says..put your trust in money and down you will go…don’t want to judge, and it can happen to anyone.
..it also says in the good book that riches are deceitful. If you have wealth, it’s not a question of IF you are being deceived, it’s a question of “to what degree”. Wealth has a way of clouding our perspective on life if we are not careful. Money, investing, trading, etc. are all about making a difference in people’s lives — yours, your family’s and the world around you. Where and how you place your emphasis, in this regard, defines you. Choose wisely.
Here ends today’s lesson.
Just beautiful. Very true.
zzz
Most people are deceived to some degree, wealthy or not.
i do a lot of work for rich folk.they are disconnected to a degree, as you say. some are pretty blind.
@Yabollox,
Agree. Poor men suffer from avarice as easily as rich men.
(I guess I should not exclude the ladies from this topic, for we all are subject to the same delusions)
I’m dyslectic, bipolar, and starting menopause. Whatever I did yesterday means nothing today.
best comment of all time.
Apparently MOS is still in the sHell zone, as if yesterday’s pinless hand grenade action was not enough.
The Gods of March come from IMHO a strong China when it normally comes back from Holiday. So far these gods are not floating around there . OH OH check it out, Copper never has come back to its all time high of 10,000 tonne LME during the Chinese Holiday, it moved down and caugtht support in the 4.300ish area, then rallied up to test resistance and caught support today…Rajin Cajun has the Chart up in one of his recent blogs, He also has a very good chart on the USD just below it….yes, Scott B of course had a great copper chart up too in a blog on copper….Just one stupid bubble…btw Iron Ore spot out of India/China down to Jan price levels and 13th down day in a row…Shanghai Housing data showed a 60% drop in Feb….Car sales were down too per China Automative. Maybe the lesson is you can’t Fight the China Fed..OH OH, POMO, there is none on Thursday, but they announce their new schedule on that day…stupid POMO
We just need April copper to hold the January 25th closing low of 4.23 before expiration. Stock market should trade higher, especially if we see closing contract highs in copper.
Copper is one of the better economists out there.
Shanghai Copper Futures sold off HARD last night, China Trade data too this week. Copper has no fundie reason to hold support.
Plus, many global option ex days, ours isn’t towards the end of the month.
How do you keep your composure? When the final minutes trading that everybody knows (except the media) pomo related. And every dow component somehow goes straight diagonal