I am in great, barbaric danger of allowing my brain get in the way of making coin. It’s embedded in my head that the market will not be able to bail out Italy and Spain. However, equity prices tell a different story. Put the macro stuff aside, this is a buying opportunity. Pardon me while I vet out my feelings in real time.
My EDZ is higher and TZA is hardly down. My little GSVC made 5 acquisitions today, all well known private companies. Don’t look now, but GSVC is becoming the one stop shop for playing the private equity market, and the as an extension, the booming ipo market. Hypothetically, GSVC could double and still be considered a “value”, when considering their business model is unique to the equity markets and is without competition. Stocks like KKR and BX do what GSVC does, but much, much bigger. Hence, the upside is less. Naturally, there are two sides to the coin. Should the U.S. equity markets freeze up, the ipo market will shut down, alongside GSVC’s prospects.
I am still hanging onto MWW, if only by a thread. With the Italian 10 year near 6%, and $2 trillion in debt, I am having a hard time buying stocks here, despite the decent price action.
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YEY!!!!
Diving headfirst into a river full of rocks!
Yesterday I bought CVI and FCX and today TER!
I can’t believe how SOL came off of today’s lows of down 10% to now up over 1% after a downgrade!
Amazing!
just let us know when to get back in $WNR boss haha
Fly
they’ll QE and consolidate their debt. It’s where those idiots are heading.
some time better to just sit in the blind and let the game make its way to you
Spain and Italy priced in. Market getting tired of fretting over the issue. Ready for a bounce back and summer rally. Debt ceiling will be a non event, Gov must do it. they know it and the street knows it. If we were spending all tax revenue on debt then we have something to worry about. Obama does not want to be the first President in the history books to fuck up on debt repayment. All is well on Wall Street.
i don’t know shit, but it seems to me the GOP and Democrats will need a catalyst that means something to their constituency before they will have any excuse to compromise. I think a 400 pt single day drop that is directly associated to the debt ceiling would get Boehner and Pelosi on the teevee shaking hands.
I’ve been waiting for that day. its right around the corner (I think). We have a bunch of ego’s playing with our lives. Wish we could just kick all their sorry ass out. and start with people who have nothing to lose and love this country
I would recommend that he wash his after shaking hers. just sayin……….
ECB will start buying bonds and become a banana republic like us. problem solved. buy everything…. just pretend and extend and play along 🙂
Now you are being more level headed. This market won’t just collapse until the problems get so bad that there is no amount of bailing out to save us. That won’t happen for over a year. In the meantime, buy the dips and sell the rips. This is a buying opportunity, but I don’t think we will be out of the woods until Boehner and Obama agree.
QE3 back on the table. Rally time.
DB Deutsche bank cannot lose here
If the weaker euro countries get kicked out, they skyrocket in value.
If bernanke uses IMF to bailout the weaker countries, they skyrocket too!
Rare that you see a trade that seems to win no matter what. But DB is setting up that way
LNG + 2.76%
IN AT 8.99
The Fly is on fire!
He was also very bearish yesterday. Again that’s why I listen to Chess.
Seems Chess is listening to me, too.
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Breaking spx1330 would confim an uptrend … just saying (SPX now 1326)
“A few members noted that, depending on how economic conditions evolve, the Committee might have to consider providing additional monetary policy stimulus, especially if economic growth remained too slow to meaningfully reduce the unemployment rate in the medium run.”
Ben just lobbed a bowl of rigatoni back on Italy.
just when u thought u heard all the news, netflx raises rates, by 60%, 9.99 to 15.98, they seperated on line from dvd business,
GSVC is a fraud and so it Mike Moe – he willl end up in jail and all “investors” will lose all their money.