I am not talking about small, localized stupidity. What we are witnessing in Congress is grand, industrial sized, infectious stupidity than can only be matched by the head Generals at the Department of Defense. Do not think they are here to help you. They have no issue, whatsoever, taking your dumbass and throwing it under a bus or on top of an IED.
Although I nibbled on a little BLTI, mainly for novelty, I do not trust this tape and remain in a 60% cash position. Moreover, for personal accounts, I am long some TZA as a hedge. Mind you, for the reading impaired (CH), “hedged” is the operative word. I’ve given up trying to make money on the short side. It’s too hard. I rather sit in cash or treasuries and wait for the margin liquidation crowd to get nailed and/or PPT OVERSOLD signals be my guide.
Tune out the noise and think about what’s important here: making another 3-5% in a high risk environment or preserving hard fought gains.
Your call, goatfuckers.
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“goatf ucker” – my favorite insult.
Well for chrissakes, I thought it was a term of affection.
Yeah.. that’s an awesome word! I agree.
Awful word.
Dems want a bigger government sector, Repubs want to shrink it. Of course most of all they want to get re-elected and take control of gov’t in 2012. Dems seem willing to take just about any deal now if it will get them past 2012 elections. Repubs want to have this debate again just before 2012 elections.
Which Republican? Calvin Coolidge?
.
Thanks for breaking it down.
Fly:
You holding BPFH through earnings tomorrow?
What about TZA?
Do you think this thing is going higher, Dr. Fly?
Fly,
U adding to any GSVC here? looks like it bottoming somewhat, or wait
Thanks
A
Honestly Fly,
What is your solution in simple words to us plebians to the debt ceiling crisis?
No taxes, some taxes, what?
Thanks.
ATTACK CHINA; FLEECE THEM OF THEIR RESERVES.
This whole circus is the most ridiculous spectacle of our country’s existence. I hope the Chinese are eating bowls of rice while they laugh at us.
I’m not clear how a proposal to cut this and that, reduce this and that, but yet at the same time RAISE THE DEBT CEILING $2+ BILLION is any kind of solution. Exactly where is the reform/restraint/reduction in this plan?
True reform would mean somebody says “ok guys, we bring in $xx each year, so let’s spend about half that amount and use the rest to pay interest and reduce debt.”
Whatever, let’s just fuck ourselves silly while we play with our ipad, while listening to pandora, in between poking people on facebook.
I’m old enough to remember when being fiscally conservative meant your were fiscally conservative. You believed that your gov’t should take in enough to cover what it planned to spend, averaged out over a business cycle.
Now we have the spectacle of people who call themselves conservative, clamouring for the government to take in waaaaay less than what it plans to spend, because by some kind of magic, borrowing billions will make us all rich, and the budget will, hey presto, balance itself! The fact that this hasn’t worked doesn’t seem to bother them.
A true conservative would refuse to sign any pledge against higher taxes. A true conservative would buckle down and do what needs to be done to get the gov’t’s financial house in order. A true conservative who loves their country would pledge to learn the facts BEFORE they make up their mind.
I don’t know what the Republican Right Wingers are, but they certainly are not conservative.