Full disclosure, The PPT flagged OVERBOUGHT for the market on 8/29-8/31, when the SPY traded $121-$122.22. Out of respect for current PPT members, I will not reveal some of the things it is spitting out today. However, let’s just say, the robots have gone mad.
Swiss 3 and 6 month yields are NEGATIVE. Money is pouring in US treasuries, as well as German and UK bonds.Why? Because big money needs safety. They can’t leave it in the bank; the FDIC doesn’t secure big money, just the plebs. If you are a manager of a large amount of assets, you have no choice but to buy government bonds. They need the full faith and credit of a secure sovereign nation. Frankly, these sort of developments should scare you. There is an unknown here and the fucktards at CNBC do not know what it is.
Buying here means everything resolves itself over the long weekend and we’re back to snorting cocaine out of $10,000 bills again. The cynic in me keeps me from buying into that fairytale.
There is a major bubble being built in “non-risky” assets, ironically. Swiss Francs, government bonds, high grade corporate bonds, gold, silver, utilities, are being overrun with old money. I’ve been thinking about this for a long time now and have not figured it out. The push is coming from sovereign governments, insurance firms and monstrous asset management firms. Apparently, their economists believe we are heading into deep recession. That’s what the market is suggesting, in my opinion.
The bottom line: I am interested in buying several names down here, but will wait until Tuesday. I own WNR, GSVC and TBT for “risk on” trades and TZA for HORATIO.
This shit is giving me a headache. I need a drink.
[youtube:http://www.youtube.com/watch?v=ZR0v0i63PQ4&ob=av2e 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
some pundits have gone so far as to say we never got out of the recession b4 so still in it.
Excellent news – we aren’t entering a 2nd recession. Buy, buy, buy.
Oh oh…..The new money newb trader is back at it. I like the Rihanna playa. hahahaha
This coming from a professional yhoo message board miscreant.
I have no clue where this market is going.
I’m avoiding the meat grinder, again.
“When in doubt, do nothing. Sitting 100% cash”
Just took 40% of my SHORT position of for a small profit !
—
Added some LONGS as I endeavor to “git my weekend “hedge” on … AGAIN !
—
NOW … going into the holiday weekend I stand at :
60% SHORT
40% LONG
20% CASH
—
I’m GOLDEN !!!
.
of = off
Sorry !
.
A game.
The golden shower is much over-rated. But clearly you enjoy it.
… in my haste to git that post up before the CLOSE … I misspoke !
—
CORRECTION …
I am ACTUALLY :
60% SHORT
~ 10% LONG
~ 30% CASH
—
Sincerest apologies ! 😕
.
So the above was your “Z game?”
_______
No !
It’s my “G game” !!!
—
“G” … for GOLDEN !!!
.
.
😀
.
Have a good weekend, “Senator” !!!
.
A GAME MOTHERFUCKER
Fly … take the family out to the USTA Tennis Center this weekend …
… enjoy some great US Open action !!!
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That’s where I would be if I were in NYC !!!
.
Shit I’ve got a splitting headache too.
still cash, and holdin..ahhhhh .i hate this mkt.
A drink for you means.. WATER?
who can aford water?lol
I will have some red this evening. I will Tweet the bottle. Tomorrow I am off to NYC where I will be inebriated beyond repair.
Good! Please do. I will be watching.
My understanding is that most sovereign wealth originates from oil revenue. Same as printing money. You have to invest new skids of cash somewhere every week. Maybe you do not care about return on your assets if you have truck loads more arriving every week. You MIGHT be concerned, however, about not losing 20% of everthing in the fund though if exposed to risk.
good point
A book I recently read had a table with the 50 largest sovereign wealth funds. All 50 funds combined have (had) $4 trln in assets. $2.35 trln was oil and gas related. Of those 50 funds, 29 were oil and/or gas.
The greatest transfer of wealth in the history of the world, willingly accepted by our fucking leaders.
T. Boone realizes that also. It’s one of the reasons he has been beating the natural gas drum for so long.
Don’t forget his wind ideas. Too many morons that inhabit this country equate wind with some commie pinko greeno plot, while they willingly send their hard earned dollars to countries that hate us.
There’s a difference. Those people would RATHER send their hard earned dollars to Texans and Alaskans and Canuckistanians, who only hate you Yankee bastards a little bit, but fools who think wind power is ever going to supply more than 2% of the energy (and none of it to their cars) are making them shop in Saudi.
😉
__________
For your consideration: http://www.youtube.com/watch?v=zy6UAbC4gh0
Now, now Senator — this Canuckistani doesn’t hate on ya, and I’m a blue-eyed oil sheik from Alberta. I do however find sum-a-yu’all vexatious in your political proclivities.
Have a great weekend and trade well.
There are genuine reasons to think dubiously about wind.
Yah that.
We have aboot 25 1.5&2.5MW turbines just 10 miles from my humble adobe. Went past them on Wednesday morning. Not a single one turning anywhere. Talking ZERO output.
Who wants to have juice only when the wind blows? Wind will never be anything more than something to augment normal power production.
BTW…you can see those suckers plain as day from 10 miles and even 15 miles away. People that think they will not be obtrusive if the are a few miles off shore or a couple miles away on land have another thing coming. Biggest thing people around them bitch about is the shadow of the blade sweeping over their house….that and the stench from all the dead birds piled up at the base of each turbine. :O
I removed the link, was going to post here, BUT you may have heard of a company called “Siemans.” Now, as “worldly” resident ([credit the Senator] not just US traveler), I’ll share thus: Sie Mans is German / Deutsche for “The Men / The Man / Them Man” depending on the context.
You may recall, England was Anglo-Saxon, you speak a Germanic language in case no one ever educated you on this point.
Again, NYSE is owned by Germany’s Deutsche “Boerse” which is also “bank” (English) or (more recognizably) “banque” si vous prefere la motte comme cette (or bank, as we think of “it” today since King William, of Normandy [Scandinavian French]) has so offered us our our modern knowledge in tongues.
Again, Siemans has begun the installation of said wind turbines you contributors of the Midwest (who are, absent clear and convincing evidence, NOT of ranching kin [tho I digress]) might appreciate.
Those “non-moving” wind turbines are subsidized by the no brain East board family’s (aka God Bless America that they’re gone – the Kennedy’s – didn’t the young drunk from Maryland get forced out???? dunno) as they’re tiny voting populace would have rebelled at the voting booths if they “had to look at windmills – heaven forbid – pull out the tanks and war machine, no?).
Finally, it is my hypothesis (note not thesis), that wind and solar energy can replace fossil burning fuels. But, as I say, class is dismissed, anyone watch Obama’s favorite NFL team (Btw: I’ll save you the search query – that’s tongue and cheek)?
Dismissed.
Addendum: “A+-Game” in content (calls for Editors he admitted), it’s summer, absent an intense storm, they’re ain’t wind in the hot summer in most parts of the summer.
Duh.
Exactly Mr Ant. No wind. No power. How’s that work for any of us?
Solar in the “warmer” months HM.
Plus battery storage has improved dramatically.
Geothermal technologies are in process. See Economist’ 2010 fall Quarterly on the topic.
Yes wind power will save us and while we’re at it let’s throw a trillion dollars at solar power and watch more companies go belly up.
But it turns out, the natty reserves were all lies, at least at Marcellus shale
Not so. There’s plenty of gas in the Marcellus shale.
The “Rockies” Mountains, as a range, seats one super volcanoe, in case no one here has family in aerospace. East coasters are not exempt IF the Pacific Rim erupts fyi. I advise against Iceland too. Nova Scotia area is one idea if becoming European sounds to much like You’re a peon.
Plenty of that wealth right here, if the Greenies would take a powder for a couple of years.
Instead, they line the Saudi pockets, whining all the way.
_________
‘Sides, it’s not really a transfer of wealth when all they do is invest in our shit.
Possession being 9/10’s and all that.
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Though I would suggest money that you send to the Middle East (or Alberta for that matter) mostly does not come back to you.
Where do you think it goes?
Singapore?
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Transfer of wealth made me think of the news story about the Tampa Fl tax refund scammers.
It appears this government stimulus DID make it into the local economy
http://seminoleheights.patch.com/articles/epic-tax-scam-uncovered-in-tampa
LOL Jake. So now I need to read the comment below to avoid being misinterpreted? Have a good weekend.
Monthly trade deficit is running about $53 Billion now.
http://www.census.gov/indicator/www/ustrade.html
Over the last 3 years about 60% to 40% of our deficit has been petroleum based.
http://energypolicyinfo.com/2011/05/oil-trade-deficit-rises-20-percent-in-march/
So, currently probably around $34 Billion per month is bled from the USA for Oil. Just another reason politicians piss me the fuck off.
For good reason. Everyone still wants to drive, have bananas flown in, cool or heat their homes, use plastic bags, etc. It’s a good racket.
People can live without financial services which shuffle money between eachother in high-risk derivative goofiness and excesses like science/engineering degrees for their kids.
Fuck it let’s have a $20 trln 30-year auction at -1% next week. Seller’s market right now.
Good luck with that.
nice and green today,and if this pos goes down another 500 pts i’ll stay in the green. yea fly something is afoot. a shoe is gonna drop from it. almost think that they may kill bac this weekend. money piling into the 30 year. who the hell wants a 30 year? more like big foot gonna be inserted into someone’s ass.hope it’s not us taxpayers.
What will Uncle Warren do if they nuke BAC? Can you imagine how many bonfires made out of his books would be lit up across the land?
uncle warrens stocks are way off their highs and wont come back for a while.if it were’nt for any of his insurance holdings they would be lower. kinda “almost feel sorry for the guy……ya know,being stupid and all
I didn’t mean to sound disparaging against Uncle Warren, poor wording on my part. The intent was here’s a guy that the entire world looks to for advice. His track record is stellar. He goes out on a limb during a time of heightened fear to make a gutsy call. A possible side benefit to his move is a calming of market jitters.
Just when things start to look better-ish, wham the government slaps a beat down on his investment. The same government that comes running to him to help out every time a crisis raises its head. Combine this with the government torpedoing GS last year and Buffett’s got to wonder why fucking bother any more?
In other words when the next big doozy of a crisis comes up don’t expect Buffett to go out of his way to calm fears. He’s a classy dude, but I wonder if he wouldn’t be tempted to go all gangsta and basically say “Fuck all y’alls”.
Warren doesnt ‘go out on a limb’. He doesnt try and make money over a short period, he is content to wait very long periods to make his return. He is a calculating individual. One day, he might look like a pro for his move. History will tell.
so the gov sues the banks we just bailed out, then the banks need more capitol, then the fed who backs them bails them out again? who r we kidding.
Aaaaand there you have it!
Watching CNBC thru all of this drop, shockingly they bring out the wicked witch of the west and others slamming extended unemployment benefits and calling out of work americans scammers and lazy…..Then!!! they bring out Wall Streets best practically begging for Government Wall Street Handout #QE3!!! Some wonder why we may be headed to class warfare????
“may” be? “are” would be the more appropriate word.
We will know for certain when the top decides to cut Food Stamp Program for all the “degenerates” ….then the top will experience those same recipients havin’ a 38 up their demanding their wallet!
In order for class warfare to occur, the masses will need to stop being mesmerized by ” The Jersey Shore”, or other inane drivel spewed through the tube,before they grab a pitchfork and head into the streets………………..
That will happen when they can no longer afford their cable or dish.
Have you ever been to Mexico? Every 6×8 foot starvling shack has a dish on the roof. People get more addicted to shit on TV than cigarettes.
They are counting on the disenfranchised to remain unorganized, but all it really takes is one charismatic leader and SPARK – see you at Selma, or worse, Kent State.
In the end, however, the result is the same: it’s hard out here for a chinch…
it’s even harder if your a chooch
Selma worked not because it was violent (it wasn’t on the part of the protesters at least), but because it was righteous.
______
The unemployed are too lazy to hire high-priced lobbyists or to bribe Congress with piles of “campaign” contributions.
QED Wall Street wins again.
(QED is QE500 in Roman numerals)
Well someone got them 24 months of free checks.
Pretty good lobbying job for a bunch of sofa squatters.
________
Heh. The Wall Street lobbyists have done their work well if you didn’t notice what Wall Street got every time the unemployed were granted a few more weeks of living the good life on $300/week.
What did they get? CDO’s based on Unemployment cheques?
_________
Congress gave it to them because they were scared shitless about what would happen if they didn’t.
We are now at the point where we may find out the answer to that……….the fed being out of bullets and all.
I personally still think we have 50/50 odds of either warp factor 7 type inflation or everything going in the shitter and all the air coming out of the balloon. No way we are able to stay at status quo and peacefully work or way out of this. Too many mindless talking heads, too many Al Sharpton types (in a non racial sense) and too many ignorant and non-engaged members of John Q. Public to ever come to a rational conclusion.
In short….oatmeal will be a luxury.
go read the ibc news feed about the taco.class warfare? i keep a VERY long list for when the shtf. for when the shtf, is the best cover to get back at people like the taco cop………. just like some countries use world wars to disguise genocides…….. the cops have been getting briefed lately………..something is afoot.
I sold my TZA 36 calls for $11.90 at the close. I made 150% in 2 1/2 days.
I have remaining a long 50, short 57 call spread (Sept) on TZA that I got in to for free, after my last TZA foray. But I’m not expecting much out of it.
The best trade out there now is selling October or November out-of-the money PUTS on dividend-paying stocks. You can get a nice premium. For example I sold the GE Nov 15 puts for 81 cents. Worst case I have to buy
GE for $14.19. Best case I just keep the money.
Option premiums are high, as the VXX is telling you.
Could be they’re high for a reason.
Would sure suck paying $14 dollah for $8 Buck Chuck GE stock.
__________
Worst case: u buy GE @ $7 or less. Where were u I ’08?
Right here my friend.
________
Just arrived in Buffalo for a wedding. Once a city populated with the most millionaires in the US, it is currently not far from Gotham. I think I just saw the Joker riding a bike with no shirt on and bags of empty cans hanging from the handle bars. Times are tough in the ‘All America City’.
Thank the New York State Legislature for that.
I think this may be part of Barack’s plan. He wants only “millionaires and billionaires” in New York so it easier to do fund-raisers there without running into any “riff-raff.”
_______
Buffalo was empty when I was there. I mean, E-M-P-T-Y.
+ 1.5%
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“Apparently, their economists believe we are heading into deep recession. That’s what the market is suggesting,”
Self-fulfilling prophecy, or glimmer of reality setting in?
Fly,
Respectfully, please remove the “rate comments” portion of your forums. The reason being that it promotes homogeneity across everyone’s opinions. The end result is that we all seek to think the same thing. This can’t possibly be a good thing. Variety is the spice of life.
Spice of life coming from a Taco.
REQUEST DENIED.
He’s obviously Homogenuitophobic.
____________
How about a middle finger symbol?
… I actually LIKE the “middle finger” idea !!!
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Total “outside tha box” thinkin’ !!!
VERY CLEVER !!! imo
.
.
… VERY CLEVER … indeed !!!
.
What’s most interesting is that most traders are wrong about their trades. The vast majority fail.
Yet we are expected to believe here, in these forums, that the majority knows what is best? So we let them vote to tell all of us what is best?
Damn, you got it all figured out. I’m sure the big hedge funds come here anonymously, post a trade idea, then count the thumbs-up thumbs-down responses to see what they should do.
hey po,why not, they did it over at stockpickr. christ,even high falutin politicos came by stealing idea’s. as a matter of fact,cramer used to come by and rob idea’s evey other day just for show idea’s……..
Don’t get how a rating system would promote homogeneity of opinion. You can rate it however you like. And you can choose to agree with the red or the green side.
Anecdotal evidence I have two neighbors one retired air force his benifits go down each year and he has to pay in to his health care which also goes up each year ( not what he signed up for ) the other is an experienced aircraft mechanic who said his full time job is about to go ( he has a part time job servicing fed ex jets ) yet our congresspersons and senatepersons get the retirement and healthcare for life option with no copay and if needed they can rent their garages to the secret service for extra dough something is going to change here !
Your retired Air Force neighbor is jerking your chain. He gets a yearly COLA and 100% medical plus PX priviledges (no tax)…
What’s gotta change is your unhealthy distaste for punctuation.
There was only one ee cummings, thank the Lawd.
__________
You have to make touch choices in these tough times – punctuate your comments, or put food on your family.
touch choices
Even the spellchecker has to go when times are tough.
If you put food on your family won’t that attract ravenous bears into your home? And not the burlap clad of course.
I hope you wrote “put food on your family” on purpose cause it’s hilarious.
Bushism.
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So the Feds are going against the Banks to recover losses for fraud.
After this is done the taxpayers will do another tarp to help the balance sheets of the Banks that the Feds just sued.
As an attorney (inactive status) I can tell you that the law has already been settled and their is legal precedent.
It is the 6th US Circuit Ct. case of Moe v.Curley (1938).
This case regures both the Banks and the Feds to slap each other in the face and then do a round of eye pokes.
Case settled.
Confidence in fiat economies is very close to expiring. If it fails completely, we will be digging out for a long time. Decades not years.
And why wouldn’t consumer confidence fall to zero? Nearly everyone now realizes all the money in the world is worth no more than the paper it is printed on……..Full faith and credit my ass.
All the humungo players are seeking safety. They are scared. Awwwww to bad, so sad for them. Their wealth will be reduced to nothing in the coming carnage where nation after nation is destroyed. There will be no respite.
A piece of bread will buy a bag of gold.
Y’all have a nice weekend now. 🙂
There is no Dana, only Zuul.
______
Tell that to the people buying Swiss francs
BTW: Deutsche Boerse (ya know, those “Euronext” peeps who own that little thingy called the NYSE) did mention that USD/CHF will be at parity by year’s end. JFYI, so far, bad advice.
ceresota=unbleached for a hundred years
Von ryan , Not sure just believe the man is telling the truth he also lost his job recently due to a senority clause the point is things are not rosey on main street on a lighter note fertilizers and farm land may be a good currency play held up well today
Once again ol’ Hugh Hendry is “doing the Hugh” on the face of inflationtards everywhere.
For newbs like me – what does this comment mean?
TLT
Gold says you’re wrong.
_____
Well fuck…maybe something is brewing.
I suspect it has nothing to do with the US economy, and everything to do with Greece and the Eurozone. I wouldn’t be shocked if the end-game is near there, and Greece is about to go belly up AND leave the eurozone. And I bet it doesn’t end there.
It appears we are repeating the 1930’s on purpose.
“Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.”
and then what?
“It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people.”
-Andrew W. Mellon
excellent
Penned by Andrew Mellon, Hoover’s Sec of Treasury.
THEN WHOOSH!
He was FDR’s too.
________
And then 1939.
World War III?
I beleive that will be the culmination of the financial mess; what else left to do when things get that fucked up but to assert military dominance………. East V West
Oops…. BELIEVE….
Then we’ll know the true bottom is in.
And then the guys who have endless money come in and scoop up the assets at discount prices through a complex shield of shadow-companies (aka mega corporations) owned through a complex web of intermediaries to re-exert power over the little guy, making it easier to usher in political poison best represented as the opposite of what Ron Paul would do.
We find the next Hitler and go kick his ass.
just got home from a six hour hike on the AT, where everything was peaceful blissiness.
And now I am sitting here fucking stewing about this TBT trade…grrrr
The more i think about it, the more i should have been suspicious that it was getting crushed while the market was melting up.
I am just going to look to exit that trade on a bounce at this point…shit is not safe when bonds are going up 3%-4% in a day.
I am giving it one more day.
Huggie, what section of the AT were you hiking? I do the sections in the White Mtns often. Sorry about TBT. I almost pulled the trigger on that in the PPT. There will be a time for TBT but in a few years, just saying…………..
Today we did a section in PA, its called The Pinnacle. Moderate hike of about 8 miles, but with pretty awesome views considering we are in PA. The only other section i’ve done was the northern terminus hike on Katahdin (which was incredible).
Would love to do a lot more, and in fact would love to do the entire trail. Maybe once the kids are raised 😉
Hey look at the bright side you Tea party austerity having devils.
AT LEAST WE’LL HAVE A BALANCED CHECKBOOK, umm, I mean budget.
Our great great great grandchildren will be much better off. As for the rest of us Eartly inhabitants, we will be forced to grow our own food and move backwards on the evolution scale.
Oops, I forgot under tea party rule, any mention of evolution will be considered treasonous.
ha, well done
“Yes we can”
We didn’t vote for Obamalamadingdong, but please, keep planting your dumbass decisions on our back.
That’s what scape goats are for, no?
____________
You’re not scape goats, you’re job creators.
We’re still waiting.
Obamalamadingdong? Obummer?
Jake, you seriously have some of the funniest nicknames for the President.
Obama is clearly a ding dong, but the tea party is just crazy.
I am a very divided independent (registered GOP). It’s the election of dumb or dumber.
If you don’t know by now Jake has a very deep bench. ohh eee oo ah ah ding dong, who put the rama lams, etc.
Bonana fanna fo…. now let’s do Chuck!
Everyone who calls for changing the stupid things we do over and over again will of course be called crazy. But isn’t it running up trillions in debt through wasteful spending the real craziness? Even the spending that is done is not proven to reap rewards (in fact the opposite could be demonstrated) and yet they still want to grow the federal govt bigger.
A 85 year old rich guy shook my hand and about broke it.. I was shocked that this old guy had that much strength. I am no little man, strong as an ox. Just another reminder to lay off drinking, and eating like a stupid fool. We all have choices in life, make sure you take care of yourself.
Tell that to the poor bastard who gets whacked by a tornado, hurricane, earthquake, or other disaster. Oh, we’ll find the money someday. Let’s cut NOAA’s budget. Oh you didn’t see that Cat3 hurricane coming? Buy and fly your own weather satellites my man.
Texas drought and brush fires got you down sonny? No problem! Hire yourself a fire department Bucky. Tough love. That’s it. You’re kids will be debt free, but they’ll be living in your burned out car catching rats and foraging for grasshoppers.
Right, the first thing I know I’m thinking about is making sure FEMA has enough dough to spread around.
Cause, jeez, where they hell would we be without the Fed’l gummint?
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U.S. M2 money supply has been on a massive ramp past few months. Fastest pace in years. The German weirdos need to stop filming strange porn for long enough to bailout the original butt fuckers, the Greeks.
Wow, I haven’t laughed out loud over a comment for a long time.
Original buttfuckers indeud.
Only the lather inducing sweat from anger over the chumps running global politics can make me funny. I’m better now, bourbon in tow. Going to eat half a steer. Enjoy your labor days all.
Don’t worry, Hugh Hendry says there’ll be no inflation.
Carry on.
________
http://www.youtube.com/watch?v=fAw0_wiDcd8&feature=player_embedded my business
Raz, I just posted that 3 days ago, gimmie a break ! Got a clip of your parents, though …
http://youtu.be/4wbLdYeZvoc
im old i get to watch the same movies over n over…sorry for copy.plus i can hide my own easter eggs..the raz
Ok Raz, I won’t rag on your family, but this is your cat:
http://youtu.be/9PaYds6dya4
You all need to chill. Here ya go!
http://dailyrushbo.com/obama-sings-gloom-despair-and-our-economy-hee-haw-parody/
Here’s how you get ready for the end as we know it. My son and I installed a big wood fired boiler for the guy that owns this thing last week.
http://www.youtube.com/watch?v=BcJEFosXfFQ
Turn up the volume for full effect. Everyone should have one of these. Cool beyond belief.
Wolverines!
Depressing!!!!!!!!!
http://www.youtube.com/watch?feature=player_detailpage&v=ntLsElbW9Xo
Ill drink to that fat azzzzzzzzzzzzzzzzzzz!!!!!!
Low volume breakout in TLT to new highs, looks like an institutional move to raise price knowing retail will buy as price drifts back down to support and that retarded uprising trendline starting from 8/8/11. Once they have unloaded shares and stole retail money, the rug will be pulled.
If my thinking is wrong, and institution are really buying treasuries, I will take a small loss and move on. The better risk reward trade is short here.
Either way, fuck those fucking institutions.
Pop. Not sure why anyone should be surprised, I am only surprised of its evolution. Watch RBA Monday night..reading thru their PMI they have to go dovish.
I like TBT here. I just don’t think 10 yr yields dip much below 2% given the risk of Inflation.
Bought 2012 calls on TBT last week as a hedge to my shorts. Not selling them. I think this trade eventually will work.
belly ob da beast, lol that is my cat. ok i had to bury him today, dont get teary eyed . i didnt bury him deep he got out , and is reaking terror on my toilet paper as i write.
How old are you Raz ? You live in Queens, right ? ………….. Nymph, your domg is showing !
http://youtu.be/0yuFy_qjolU
Belly, OMG, I am totally going to call 555-aaah ,can’t wait to see what the cool down is. I love a good workout.lol
what’s afoot may just be that big money is acting on the fear/knowledge that the global economy is sliding into recession; that europe also faces a sovereign solvency problem that will also take down its private financial system sans massive interventions; that policy response is likely to be hair of the dog (which hasn’t really worked other than to forestall and make worse the inevitable); and that there’s a real risk of a policy “mistake” occurring (whatever that is…not funding ESFS…pending German court ruling…etc.). People can call it bullish or bearish but just maybe these risks are at a tipping pt vs. the most optimistic forecasts that call for weak “subtrend” growth. And if you don’t like full exposure to negative bond rates and currency risk, buy some gold and hard assets. Maybe this is what’s happenning.
Maybe Big Money was like me, up at 1am reading the Markit PMI reports from Italy, Germany, Russia, Etc and just is shaking head on how ugly all of this is. The German Ruling is really not an issue, they have been trying for awhile to fight this in the courts with little success. Whether China will file an Appeal on Rare Earths with WTO is more of a legal issue of interest to me, they will lose, but question is whether they are even going to file with the deadline coming.
Nymph, fix the spelling of your name, your domg is showing.
Solar been ass raped.Buying TAN 4.50-5.00 looks good for a longer term hold.imo
So. Do I have this all straight?
1.The banks let people lie and packaged bogus mortgages to resell as investments.
2.That all went to hell.
3. Congress and a couple POTUS’ (poti?) used taxpayer money to bail the banks and other vary large entities out after they whined about going BK.
4.We the people are now in debt for dang near forever and have no recourse but to try and vote the bastards out.
5.Now the Feds are suing the shiza out of the very banks that they bailed out with our money.
6.If the Feds win, our money, used to bail out the banks, will be taken by the Feds to make Fannie and Freddie whole again…?
7. And then what will be left of the big banks. Not only US banks but banks all over the world. Nothing?
So. What’s the net result here? Who or what entity is at the end of this process, which I feel has a long way to travel yet?
Who is going to wind up with my money?
What bank(s) will be left at the end of this.
Is the intent to force consolidation and then federal ownership of all financial institutions?
God help us all if that happens.
More consolidation of the banking industry scares the hell out of me. The TBTFs just get bigger in this case. They have already proven that size is no measure of safety.
a) Who or, whatever is perceived to have the ruthless ambition and power to emasculate any competitors. Note: the winner will not be identified with character, wisdom or intelligence.
b) Nobody you can trust.
c) They will not be banks as you currently understand them to be in form, service delivery and management.
d) Of course that is the intent, only you (we) can interrupt that seeming inevitability.
While I may disagree, at face value, with Gravestone, I ponder when he speaks.
Will have to consider thus and thus. this and dis and that and thought and stuff.
Time to get long…
http://www.bloomberg.com/news/2011-09-02/short-selling-against-s-p-500-companies-surges-to-highest-since-november.html
“Short selling of the gauge reached a three-year high of 5.52 percent in August 2008, before the worst financial crisis since the 1930s drove the stock index to a 12-year low in March 2009”
It would appear that the last time short selling ramped up, it was not time to buy, but time for the market to collapse within a few short months, and the time to buy wasn’t really for another 7 months after the august peak in short sales. So I guess on the bright side, we haven’t reached a 5% level yet, so maybe there are still a few months worth of trading in and out that can be done for short term profits before the big collapse happens? Is that what you meant when you said to go long?
Of course we would be lucky if a giant collapse only lasts 7 months.
Test..Not sure why my name was wrong..lets see if comes up ok.