If stocks are for asshats, then bonds are for retards. Explain to me why people are buying 3 and 6mo Swiss bonds for (0.75%) to (1%) yields? The buyers of these bonds are paying the Swiss government 1% to lend them money?!?! What!
If I was running the Swiss bank, I’d issue a gagillion in debt and buy the world, enslave everyone under the banner of the CHF and invade France for fun. Are things really THAT bad or is this the work of dramatic individuals playing stupid with other peoples money?
Here at home, treasuries are absurdly cheap too. There cannot be a sustainable rally if fucktards are still bombing the bond markets with fresh cash. I stepped in and bought some TBT today, as a play against this insane flight to safety. I will limit my downside to $1.
Today’s tape is confusing. On one hand, industrials are doing quite well. On the other, a variety of names that interest me aren’t trading with vigor. Things are sort of milquetoast after the early morning push. It didn’t help that the morons who run our country slapped AT&T with an anti-trust for the T-mobile acquisition. The anti-business environment of this government is pervasive and an obstacle. They are not helping sentiment.
Aside from my TBT purchase, I am sitting this fucker out. I made back 25% on my assets over the past 3 weeks. If I was to push the envelope here and fuck up, due to Friday’s jobs report ball and chaining the market, I would not be able to reconcile with myself. It was bad enough that I missed the beginning of the August crash, part 1, by one day. This time around, I am sticking to my game plan.
[youtube:http://www.youtube.com/watch?v=H5fuyFjgPRE 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Then we could all be watchmakers, downhill skiers and eat free chocolate…oh and expert yodelers.
ASTE– great chart, great industry to be in… Roadbuilding is everywhere.
FYI – the Qs failed at the 50-day.
If I was looking for an easy yield I would buy STO. Not only did they just announce a big find but they have a 4+% div. Pretty solid. I would do it if I wasn’t fully invested in slv options, gsvc, wnr and trit.
>>It didn’t help that the morons who run our country slapped AT&T with an anti-trust for the T-mobile acquisition. The anti-business environment of this government is pervasive and an obstacle.<<
Dude, if you believe in anti-trust laws AT ALL, this was clearly one that shouldn't have been allowed. Perhaps you hadn't seen this: https://secure.dslreports.com/shownews/Leaked-ATT-Letter-Demolishes-Case-For-TMobile-Merger-115652
http://www.youtube.com/watch?v=JHa16644e-k
“Wake Me Up When September Ends”
Summer has come and passed
The innocent can never last
wake me up when September ends
like my father’s come to pass
seven years has gone so fast
wake me up when September ends
here comes the rain again
falling from the stars
drenched in my pain again
becoming who we are
as my memory rests
but never forgets what I lost
wake me up when September ends
summer has come and passed
the innocent can never last
wake me up when September ends
ring out the bells again
like we did when spring began
wake me up when September ends
here comes the rain again
falling from the stars
drenched in my pain again
becoming who we are
as my memory rests
but never forgets what I lost
wake me up when September ends
Summer has come and passed
The innocent can never last
wake me up when September ends
like my father’s come to pass
twenty years has gone so fast
wake me up when September ends
wake me up when September ends
wake me up when September ends
just had to listen to blvd. of broken dreams. love that tune. thanks tea
I called this week perfectly – the rally to the three day holiday weekend.
Fourth of July part II.
Allow me to illuminate further, our 30 point addition to the S&P 500 on the 29th happened on a day with $2.75 – 3.5 billion in Tentative Outright Treasury Operations (like POMO just not permanent).
Tomorrow, we have another $2.5 – $3 billion coupon and the market can increase based on this. There might be buying tonight before the close in anticipation of this juice.
So tomorrow could go up due to the juice, and following perhaps a follow through on Friday prior to the 3 day weekend I would think the market should obey the overbought signal. Don’t we have to keep pressure on the Fed for 9/20? If the market is strong going into that meeting how do we justify QE?
You are so fuckin’ smart!
Bonds are not retarded however I agree that Obama is.
Treasuries are for the dumb and blind!
Just an FYI :
… from their July HIGHS … to their August LOWS …
…the 3 Major Indices are ALL currently @ their 50% Fibonacci Retracements !!!
😉
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… translation ?
Gotta give some back here !!! imo
.
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In The Land Of The Blind … The One Eyed Man Is King !!!
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Where is the Land of the Blind? That’s correct – there is no such place.
Alf…that wasn’t clever the first time you said it!
I actually agree with TBT buy, I looked at the chart today too and its getting very close to heavy fibo support level (261% to the downside) from its original IPO open price.
Oh no!
Oh man, you’re fucked now.
lol.
oh my
… leave the chart analysis to tha grownups, “nymph-O” !
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The site is under development. I am assuming that I can utilize this venue to draw millions of pissed off bitches to freedom. God speed.
GSS looks like it may be coiled back to go higher
From your lips…
Dr. Fly where would you feel the fury footwear fits you again?
If anyone’s confident on the week’s taper into Labor Day: $ABV (fckuing luv’n me some), $CAT and $DE (in addition to $WYNN).