So the imbeciles in D.C. debated for a month over budget cuts, only to slash by $38 billion. What a fucking joke. How did these clowns get so much power? Our government is a dictatorship, bought and sold by special interests. The people do not wield any power, so why take part in the process?
Wake me up when the guillotines are transported to Washington D.C., to punish those who have committed treason against the people of the United Steaks of Amerika (sorry, I went to public school).
After early losses, the market reversed and went higher. Despite crack spreads falling today, refinery related shares recovered. In order to cover my bases, I bought a little ALJ for novelty. It is the least owned by institutions and well positioned to profit from these insane spreads. As I write this, I am up just 0.3% for the day. However, remember, I am preparing a stew, not some Chinese stir fry shit. I have all the ingredients in place and have placed the heat real low, in order to allow the flavors to release—at their full potential.
Naturally, if I am wrong about this stew of mine, I will need to eat my own hands, in order to avoid starvation. But that’s a market, so quit acting like you know anything.
Let me close with this: if you have never made or lost a million dollars in the market, you are not qualified to offer “The Fly” financial advice. Understand, this is the bare minimum of qualifications, in my book. You can be a great little “swing trader” and make lots of cute picks. But you’re not in the same league as me, pal—so fuck off. You’re playing school yard stick ball, while I’m hitting grand slams out of Yankee stadium.
Into the bell, I am liking this oil sands play, WG, into melt up mode.
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your a jerck
Thanx, you two.
I love the spelling and grammar…Yung, “your” Chinese to English translator ain’t working…it’s probably a knock-off.
You’re, Your…wtf!
Jerk > Jerck?
as in jerck the chicken … jeesh
Nice song selection. You wearing skinny jeans and a scarf today?
NO ONE,IN THEIR RIGHT MIND,CAN COMPETE WITH YOU SIR.
I’ll see your tune and I will raise your tune…
http://www.youtube.com/watch?v=wuHCmRV6zDU&feature=related
wnr lovers, 5pm webcast http://ir.westernrefining.com/phoenix.zhtml?p=irol-eventDetails&c=194293&eventID=3960842
fly, the real number is actually somewhere close to 352 MILLION. read this and you will really be pissed –
http://www.businessinsider.com/cbo-on-the-budget-deal-2011-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29&utm_content=Google+Reader
I have given up on any politicians to solve any problems. They’re all stupid lawyer monkeys, scratching their butts and eating bannanas with unwashed hands. Gross, I know.
If I offended any monkeys with the above statement, I apologize, but it’s the truth.
Fly for President.
Why you don’t buy silver anymore is an enigma to me. Do you think the trend changes in the immediate future?
It’s an enigma why it’s not that appealing to dive into $42 silver when it was $30 a month ago? Plus, why would you waste your time with silver miners when you’re addicted to crack?
Silver miner space is due for a dose of reality, in my humble opinion, of course. Go read about the nationalization happening right now in Bolivia. Yeah, this could drive the price of silver higher, but that mean nothing to miners facing a nationalization environment. As far as I’m concerned, the risk factors in SLV and/or miners seems to get higher as the dollar drifts into further oblivion. Very much parallels the context of a Peak Oil scenario, doesn’t it? Even the sharpest of PM traders like Senator Gint have to have exited strategies long before any kind of infinity top that the Zerohedge crowd likes to tout.
Got the plastic pipe burning hot.
“As far as I’m concerned, the risk factors in SLV and/or miners seems to get higher as the dollar drifts into further oblivion.”
Maybe the miners per your nationalization argument but SLV having a higher risk factor as the dollar drifts lower?
The US government will never confiscate gold and silver in this global environment as it would annihilate the dollar overnight.
Johnny,
Didn’t mean to imply the U.S. would engage in confiscating practices, even though it wouldn’t be the first time if they did. Rather, SLV’s risk factor increases because it’s a paper-version of silver’s price. In other words, there isn’t enough of the hard stuff to back each share of SLV. As the hard stuff increases in price, it becomes harder and harder to come by. And so, the actual silver backing each share becomes less and less, as the physical stuff is harder to come by.
As long as the silver they already own is denominated in dollars, who cares? If it’s harder to come by, the price will increase commensurately. That’s a market.
If SLV is following its rules, it HAS to buy silver to match it’s invested dollars per day. If that means it’s driving the price of silver up as a result, well, God bless!
___________
Big if. I don’t believe that they actually have enough unencumbered silver in SLV.
Any suggestions on “paradigm” shifting “reads” re PM (esp. gold & silver) relation to currency “management?” Thanks – emph. JG & Mars.
Good thing you said Yankee Stadium, rather Citifield. Only road teams can hit HRs in Citifield, and you my friend, are a New Yorka!
Fly,
The best part about having made and lost money, is that you know you will always “be back” if you take a hit.
besides its just a scorecard.
right behind you on the losses and gains, though not the millions just high 6 figures.
lets await the spoils on WNR !
I think it should be “…made AND lost a million dollars…” I don’t trust anyone who hasn’t admitted to at least one egregious loss, even if it is relative. Battlescars beget prowess.
I got absolutely drumsticked in the dot com crash.
I had the daily double — public AND private investments.
________
Been there done that.
Fly, your thoughts on a Chinese stock that had doubled since june 10…FMCN?
and Happy Passover to all
This WNR music sounds like men sashaying through the woods in capes swinging wicker baskets full of jam and cheese. The CEO of WNR should scratch the record to a halt, grab the mic, and start spouting Rick Ross lyrics yelling about crack and spreads and how much fucking money they’re making.
LMAO. Nice.
“All I do is win,” “Mo money, mo problems,” “Big Face Hundies”
Pick any one of these.
Sounds more like “Aston Martin De-leveraging.”
He is making so much money now he doesn’t even need to count it
My neighbor has a DB7, he drives that thing even in the winter. Yes his plate is 007 and he’s English.
Everybody thinks the imbeciles in Washington DC are the ones on the other side.
YO ! LOVE THAT EQUATION ! ..JUST LEFT THS ONE ON wOODSHEAERS LIST OF BACKTESTS !!
GOLD;
The gold price takes the form of a very uncomplicated formula,” says Jim Grant, “all you have to do is divide 1 by ‘n’ … ‘n’ being the trust in the capacity of people like Ben Bernanke to manage (paper money). The smaller ‘n’, the bigger the price,” says Grant, explaining the yellow metal’s bull run. Comment
I would not know about loosing millions of dollars. I do know about making billions of dollars in the market. You need to understand, we the ultra rich have a separate stock market that only goes up. cha ching
We at Uppington Industries are working on a new formulation for Soylent Green. All of you IBC freeloaders should report to 123 Chop Chop Blvd. We will be offering you a chance of a lifetime. Please shower well and do not wear any strong perfumes it taints the flavor.
Good Luck
Biff Uppington
The whole Biff thing works a lot better without the Joe the Plumber spelling and grammar.
Just sayin’…
________
Indeud
Wti-Brent spread added to front page
i understand the crack spread, but how does the Wti-Brent spread affect WNR’s profitability?
They get their crude from Eagle ford, Permian, which is cheaper than Brent. The price of gasoline does not change due to where you get your crude. It’s all in the margins
Here’s one sure way to turn the Mets into the Yankees in a few short seasons…
Way better than the imbecelic Wilpon family, that’s for sure.
______
@fly thanks for the wnr comments. in 2006-2007 we had a big run in refiners $VLO $TSO etc.
how can $WNR mangement be so sure that a year from now we are not down to $10 crack spreads? Do you really think this +$20 spread can last indefinitely. if so these refining stock will likely triple from here. they easily 5-10 baggers the last time.