What the fuck is the world coming to when I have to wait for some Greek vote to determine my economic fate? If the vote goes bad, we plunge. Should the vote go well, we melt up. Please do not confuse trading catalysts with a long term thesis. My intention was never to own stocks indefinitely. As a matter of fact, I was somewhat sour on the markets, until this Greek shit presented an opportunity.
Yes, this is taking much longer than I had expected. By now, I intended to be cash rich, planning out my summer vacations. Instead, I am playing catch up, down 8% for the year.
I will have my inflation trade one way or another. Do not believe for a second global policy makers will all of a sudden find religion and let institutions fail. If you believe that, you are a fucking hairy gorilla driving a clown car. They are committed to this course of action. Therefore, as an investor, it is my duty to take the high probability play, not the logical one.
More later.
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eggzactly
$USD down, everything else up … the inflation trade is back on
lets do this
did anyone see TVIX? what about my short UNG?
I can’t get no love
why would you be shorting ung when natty has been inching up for more than 2 weeks? didnt you know obamas’ silver bullet to a second term will be natty….
I covered 2 days ago and I was making a point
the chart was predictable.
hey, for long term, i dont think you can go wrong. friday night, for the first time. i saw a car commercial, running on nat gas. and nat gas stations are opening,so, fwiw.
Well put. Reasonable thesis. Timing is a bitch though. Will they do a panic first? Will Greece keep getting bailed out until forever? How long before Germans tire of infinite bailouts of a lazy & volatile country? How long until Greek debt credit default swaps get added to the American taxpayer burden? Will the Nigel Farage/Timo Soini/Max Keiser movements affect the outcomes in Greece?
No doubt, global policy makers will not let institutions fail.
Regarding the greece bailout, most negotiations are akin to a game of chicken.
(Whoever flinches first looses, thus getting the “shit end of the stick”.)
If Greece has to sell of hard assets. (highways, tourist areas, casinos, parking meters, whatever)
And the citizens have to take deep cuts to wages, retirement plans, medical benefits whatever..
Expect the average worker to get extremely lazy. (Why work hard when the government and central bankers changes the rules?)
Thus another deficit to be on the horizon.
Ultimately if Greece does not get bailed out now.. Perhaps the US will step in (ugh.)
market is going to tank today boyz
Sound just like a hairy gorilla
driving a clown car …
it’s called “head fake tuesday”. been going on for sometime now.
time to revisit the lumber yard.
Paulson is down 20% for the year.
1310-1320 is an easy target for a bounce here.