Fucking war is wonderful for stocks. The more brains left on tarmac the better. Pardon my demeanor in the last post, I am far from a humanitarian. As a matter of fact, should the world population decrease by half, I’d celebrate such an event over a nice plate of fava beans. I’d also eat lots of swordfish, despite its great many nutritional detriments.
Wars and such are annoying. From an investing standpoint, it fucks up the basic equations. They are, without a doubt, knuckleballs. Case in point: Iraq war.
I remember when the war in Iraq started people thought oil would drop from the mind-boggling price of $30. ROFL. Look what that shit did to oil. Also, one could make an argument that the “wars on terror” precipitated the eventual collapse of the banking system in 2008, through a “loosy goosy” monetary policy, coupled with BUSHENOMICS. The trillions plus spent on the military-industrial complex, over the past 10 years, has contributed to the instability of the dollar and has spurred on inflation.
As far as the market is concerned, barring some sort of environmental meltdown in Japan, the news is all good. Monster deal announced: T buying T-Mobile. And, for crude lovers, this Libyan shit is nirvana. Bomb that fucker into the future. Let’s create some sort of fucked up black hole in Libya, then drop electricity bombs on Ghaddafi’s house—shocking that fucker into the black hole, sending him to the future. Once he gets to the future, we can arrest and torture him, then send him back. He will make all sorts of wild accusations about being tortured “in the future,” but no one will believe his crazy ass stories. Then we can lock him up in some fucked up mental institution, where Doctors can remove pieces of his brain to “help him adjust” better to his environment. These are well thought out policies that should be considered by the new “coalition of the #winning.”
Long oil, and other shit, especially refiners etc. Cash is going back in.
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Nothing like having everything tidied up over the weekend. Up we go !!
Nobody bounces higher than Le Fly….I suggest some oatmeal for breakfast tomorrow.
Merger monday
AT&T to Buy Rival in $39 Billion Deal
How do you go about being one of the news-casters? Seems like I remember reading that anyone can offer up news but it apparently only a couple are participating as seen in the reporter list. Is this by design or are the offerings sub-par resulting in editorial flushes?
You can post news from the Peanut Gallery. Just mark it as “news.”
I am not sure if Jeremy hooked it into the feed yet.
I couldn’t find it either, fwiw.
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Jake
At the bottom of news page says admin. Just log in there and post away, same credentials
I booked some uranium profits on Friday and left some shares untouched in case of a futher bounce. I exited because the average Billy with an investing account (no offence intended to Billy’s out there) doesn’t realize that Fuck-U-Shima has more than 10 times the amount of radioactive materials laying around than Chernobyl had/has. There is a chance for another pullback if this and catastophic radiation levels registered in Tokyo make headlines this week. If so, I will buy uranium companies again at a steep discount, thank God I’m not in Japan, and send an oragami dollar or three toward the isle of free-market ninja’s.
If any of you see another significant pullback in uranium stocks this week, sell something and get some! Producers are safer, but jr.s with a solid deposit are more volatile. They fundamentals of the uranium sector looked good before Godzilla made waves. Now they will float back up to higher levels, but with potential volatility swings greater than oil. Put otherwise, this week the uranium sector might be as stable as the mood of a 13 year old female.
Invest in deep uranium dips if you see another nuclear frightfest.
i saw that on zerohedge also, all that “dwarfs chernobyl” crap
i recommend an entire salt block with every article read on zero hedge
Who’s saying this dwarf’s Chernobyl? The only zero hedge one I saw was this one: http://online.kitp.ucsb.edu/online/plecture/bmonreal11/pdf/BMonreal11_PublicLecture_KITP.pdf
The doomsayers are prophesizing in the streets, once more. The fact that they’ll all be shown wrong tomorrow doesn’t seem to deter any of them today.
it was on ZH maybe fridayish
“nuclear risk at fujujikimotshi dwarfs chernobyl” or something, talked about how, for sure, the world would end pretty soon.
its nothing that your recent ventures into uranium and nuclear need to worry about, just typical ZH dramatizing.
If you’re real curious I can check my browser history for a link.
and yes, the world is going to end.
Again.
For sure.
I mean, for total suresies, like for reals.
And, no, not one of the doom predictors will be even one slight bit compelled to apologize or even admit wrong when they are not just wrong, but totally wrong.
Above rant not aimed at you, go2mars, at all.
Sir,
Just for the record, I did not participate in that post in any way shape of form. Period. LOL
I never saw that article. And I left some $ in uranium in case we see a further bounce. If things style nicely, I’ll just put it back in silver stocks by the end of the week. But if I see another hysteria based drop in uranium, I will buy it like a starving drunkard at a 3 AM Wendy’s window buys baconators.
FuckYouShima is nothing like Chernobyl. Not even close. The anti-nuclear activists have been pissing all over themselves getting on TV to act like experts and grossly exaggerate the dangers. When the dust settles and the events at Fukushima are analyzed in detail it will become apparent the problems can be solved, and nuclear power can be safely pursued. Back-up diesel generators protected from Tsunami would have avoided the problems there. The reactor vessel withstood the earthquake just fine.
The reactors have been stopped. Now how can that be compared to Chernobyl, where nuclear fission got out of control? The worst what can happen is contamination, which is still a far better outcome than radiation from active reactor core.
BTW, some details on what had happened there, if you haven’t read it (courtesy of industry insiders):
“The earthquake occurred on March 11, 2011, the epicenter was 170 km from the NPP, about 8.9 magnitude… The acceleration in the vicinity of the NPP Fukushima reached 0.18 g. Tsunami struck the NPP’s area one hour after the quake. Wave height was about 10 m. The wave destroyed the diesel generator and fuel tanks. The project was designed for a wave max 6.51 m. Wave height on the site reached 7 m. AC and DC systems located in the basement of the NPP were flooded.”
My comments: for high-seismic areas (as Japan) electrical equipment is calculated for at least 0.3 g, but mostly for 0.5 g. However it has no chance against direct waves. Both main and back-up circuits were wiped-out. I have no idea why they put DC battery back-up power supply in the basement if tsunami scenario was considered in the calculations. Probably they only paid attention to direct earthquake in the NPP’s vicinity, but not tsunami waves.
If you’re planning on sending Ghadaffi/Kodaffi/Kadaffy into the future, make sure he brings back a copy of the WSJ. Would like to check on my portfolio…
Ok, I pee’d a little right there. Nice rant. Hammer down into the sun, ES_F to the moon.
You mean like THIS?
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Long Depends.
And butt plugs.
hope you only pick up the winning habbit from Charlie
The last time crack spreads were at 24 WNR was in the low $40’s. But that was also in 2007. Let’s see a short squeeze
I have found a bottle of Captain Morgan in a moving box I just unpacked, and I ahve decided to drink it.
I have nothing to say about this except the wisdom of “Flogging Molly”. I mean, how can you possibly dispute the wisdom of a band who realizes, so clearly, that girls named molly need a good flogging? Having dated a couple of them, I can certainly testify that they do.
“Well it breaks my heart to see you this way
The beauty in life where’s it gone
And somebody told me you were doin’ okay
But somehow I guess they were wrong
Well it breaks my heart to see you this way
The beauty in life where’s it gone
And somebody told me you were doin’ okay
But somehow I guess they were wrong”
thank you, that is all.
Carry on with the cocaine fueled gorilla rally.
On a more serious note, how about that Big East conference? Could they have had a worse performance in the tournament so far?
OVER-RATE-ED
Lots of bad luck, and vindictive reffing will do that to you.
Notre Dame, however, was overrated all season, and they DID have the refs on their side (chuckle).
PS — when the selection committee pits two Big East teams against one another, of course one must lose, no?
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You got 11 teams in the tournament. Surely you would expect more than 1 freakin’ team to get this far. Very similar to the Big 10 back in the mid 90’s when they would get 7 teams in and they would all be gone by the Sweet 16.
Perhaps the selection committee did them a favor facing off two Big East teams. It’s about the only way you could win a game.
Performance = deplorable. There is no other way to sugar coat it.
My bad… two teams.
2 / 11 = 18%. Bad, but not the complete fail that 1 / 11 would be.
Hey, they had a bunch of ’em play each other!
When the Big East starts getting cake brackets like Florida (a bullshit #2), then we can talk.
Fact is, the selectors were too afraid of Joe Lunardi mocking them to leave Villanova out (a legit fuckup, IMO) so they took it out on the Big East by schtupping them in every way possible, bracket match up wise.
Lou gets in-state micro-giant Morehead (starring legit top 5 draft pick Kenny Faried) two out of three years in a row??
Combine that w. the bogus #4 draw and you’ve got someone really hating on Pitino, which justified or not, is some truth in recent years for sure.
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So what’s the play with all the oil showing up in the GoM again?
http://news.yahoo.com/s/ap/20110321/ap_on_re_us/us_gulf_coast_guard
Nothing to see here.
http://www.offshore-mag.com/index/article-display/5276923302/articles/offshore/drilling-completion/us-gulf-of-mexico/2011/march/atp-receives_deepwater.html
Someone post this on iBC FNN … Jeremy/Fly?
The time to accumulate was last week. The question you must ask: Did you lose your nerve?
Stay off the swordfish — too much mercury can affect the mental facilities.
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Cribbing Dr. Lecter tastes are we Sir Fly?
yep risk….totally sucks.
For the Bears
true..love Matt G
I am going to make so much bank today its sick. Long and only long with no hedges for the first time all year going into “Full Retard” Monday…long gold futures, long SLW, long ATPG, long long long.
I should move firmly into the black for the year today…
CCJ is bouncing back hard, and it’s past the time to get out of any solar stocks. I agree with your SLW, but I would add GDXJ. If someone wanted to add something for the long haul, which is probably an anathema on this blog, PBT and MVO could be looking good. There is definitely “blood on the streets”.
Love PBT.
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