With the IMF actively raping people and Portugal on the front burner, I’d rather sit around the house all day, watching reruns, than fuck around with this murderhole of a market. I realize there is plenty of money to be made and I need to make up lost ground. However, these are not ideal conditions for me, so it’s better that I excuse myself, cordially, than make matters worse. At the present, more than half of my assets are tied up in cash and treasuries (long dated). The rest of my liquid assets are long refineries and flamboyant silver stocks.
Frankly, a lot of this stuff is making less sense, as time progresses. Silver is no longer trading with the dollar or gold. It’s just sort of winging it, dramatic opera style.
The market is afraid, but wants to go higher. It always “wants” to go higher. Remember that. However, there are periods of “rest” or consolidation that allow for insane clown raping rallies, later down the road. For the most part, I am all about insane clown raping rallies.
In short, I am waiting to see how the market responds to a bit of adversity, prior to reinvesting. In the meantime, I will build a list of stocks worth buying on dips.
NOTE: The Reformed Broker nails the Red Collared Crime Wave
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It needs to be said…
It’s almost “Boner Time” for one of The V.King’s trades….Do you want to know which one? Then subscribe to the greatest money making engine out there…The PPT
I’m actually think part of this down leg is about concerns with the end of QE. Could be that the market was held up because of QE. However here’s an interesting point. Well I think it is, so fuck everyone else. If we going to have inflation for ever etc. why is TBT at close enough to the highs of the year? Answer that one Bill Gross, you self serving prick.
Here’s what I reckon.. I reckon the long end of the bond market will behave itself after the fed stops buying as their buying would not have stopped the weight of money getting out of the long end if people really thought it was going to collapse because of QE.
the transmission belt from the Fed to the banking system has still not worked and it’s only now that the banks are reporting loan demand. My thinking is that the economy will do well after the end of QE and the stock market could rocket if it sense inflation is relatively tame.
So this is the big macro bet as far as i’m concerned. If you think there’s goign to be a pile of inflation then you also have to explain why the bond market is not showing it. I don;t want to fucking hear any bullshit about a fixed market either as that shit doesn’t work. The market would have discounted inflation some other way and whether the fed was in buying or not for QE it would not have stopped rates going up.
As far as commodities go.. I think it was one huge fucking pile on and it’s finally correcting now. Lower commod prices are good for stocks… other than mining stocks.
As for oil… all that will take is for one of the big engine markers to come out and say they have a decent gas based engine and oil is long term fucked like you won’t believe because the BTU arb between gas and oil is huge and there is now tons of fucking gas.
Mind you gas is also made for gluts because the shale gas lines can’t be closed down. You either use it of fucking lose it. But that shit is slightly longer term though.
Just all random thoughts.
hey J, i think that most of the market is seriously spooked cause they are blind to the fact that sooner or later the cord of qe has to be cut, just to see if “baby” can stand and walk on its own.if “baby” starts to show any signs of stumbling,then yea, benny will close in with qe3. but screw that, and Make baby stand on her own.
Thank you J for posting. Good to hear your thoughts.
There’s a tax attorney who argues the yields from the two QE’s has provided sufficient “growth” as to make unnecessary a QE 2. I’m not buying it either, but there it was.
oops sorry should have proof read.
This market feels like zugswang; any way you move, you lose. That said, I put in a limit order for FXC at 101 and am still waiting for my low-ball order for Intel to be filled. I’ve been waiting a week for that. My order to sell SLV at $38 is laughing at me.
Nimble and daytrading only. No holding $hit.
Today is wild choppy shit day bias up. TNA long be good.
Sell in May, walk away…
Yep, here’s what Geithner just did because Congress did not raise the debt limit. These actions are supposed to keep the USG solvent until Aug.2. It will be interesting to see what this means for the USD:
“The Secretary declared a “debt issuance suspension period” for the Civil Service Retirement and Disability Fund, permitting Treasury to redeem a portion of existing Treasury securities held by that fund as investments and suspend issuance of new Treasury securities to that fund as investments. He also suspended the daily reinvestment of Treasury securities held as investments by the Government Securities Investment Fund of the Federal Employees’ Retirement System Thrift Savings Plan.”
There is no point participating in this market right now.
This tape is like trying to attempt THE IRON LOTUS. Look it up.
from Urban Dictionary:
Iron Lotus, (n.): when one person hooks up with a girl, and LESS THAN 30 minutes later, the first person’s friend does the same thing, so the second person is, in a way, really hooking up with his friend.
this action can be done knowingly or unknowingly.
-“hey dan i heard you pulled an iron lotus on annabelle last friday after the football game”
-“Ah fuck, who was the dude?
-“it was me haha”
-“DOUBLE FUCK”
__________
Here is the IRON LOTUS in action
http://www.youtube.com/watch?v=1weVp4S8IFc
In the US we have what is known as the IRON POTUS:
http://2.bp.blogspot.com/-OPrIRmFq76c/TccS78v3S6I/AAAAAAAAFoI/eI9YGLZg_z8/s1600/r-OBAMA-LION-KING-large570.jpg
Lol.
Forsooth, what breaketh against Ser Tran of Sporte’s lance? Tis the Holy Hand Grenade of Antioch, methinks!
_______
watched old rerun of true grit last week on thursday to sit it out.
Didn’t this end of the World on May 21st have something to do with Noah’s Ark? Because the way it is raining around here, we are all going to need one soon.
Good thing I got my boat…anyone need a ride?
You’re going to need a bigger boat.
_____
I really tee’d that one up for you Jake.
And make sure you bring two of everything that is important…
…Two blonds, two brunettes, two red heads….two vodka, two scotch, two gin
Pop this baby hard :O)
in reality who cares
Jesus up in this mug Saturday and he’s long rape.
My second is getting confirmed on Sunday, so I think He’ll wait.
________
I thought you were against those trying to bear-raid Chinese stocks?
Hahahahah….i like how the market is moving up on END OF THE FUCKING WORLD type news….
Lets see….
1. The US is about to default
2. The IMF and Greece are in a shambles (portugal is not far off)
3. The NY manufacturing index comes in way weaker than expected
4. Inflation and interest rate increases are spreading across the globe
Otherwise, everything is great….good time to get long some ekities
Thank you Alphadawg, who had the best idea and blog in the PPT,
BUY GOLD
We just had 2 weeks of consolidation. We go higher.
Bot some AIG for laughs. Perfect stock for days like these.