Given the asshattishness of this market, 70% long is my ceiling. The rest of my money will just sit here, collecting dust, drinking Earl Gray tea.
At the open, I doubled down on my TBT position, with cause. It appears the power elite are dismantling the “risk off” trades, namely Swiss Francs, Gold, Silver and very soon Treasuries. If this market is set to trade up, there is no way treasuries hold their value. Without a doubt, yields MUST go higher, at least for awhile.
Additionally, I bought a shitload of CLF, sub $80. With the WLT news, I suspect coal and steel plays will catch bids. Plus anyway, CLF is best of breed and will trade higher, providing this market bounces.
Last but not least, I added to my WNR.
In closing, “The Fly” is in his fucking spaceship, abducting Tea Party people from Ohio and laser beaming their mustaches off. I am long WNR, GSVC, TBT, TNA, CLF and FL, in size, because I fucking S.H.O.MP. Do you?
NOTE: For the next two days, The PPT members will gain free trial access to 12631. If you were on the fence about both products, I advise you join now, in order to get a free look at the unparalleled work of Chess and RC at 12631.
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I can’t S.H.O.M.P Rick Ross style; but I am trying.
Well no one can, clearly. He is the next Chairman of the Fed, beard and all.
fly, i joined the PPT today, can you please tell me how to get access to the SPX hyrbrid score chart? i put up a new post in the PPT asking the question but havent heard from anyone yet..
thnx
For now, it is done manually by RC. I just posted it.
thnx fly. so the best way to get the scores is signing up for the hourly email notifications correct?
Yes and no. The scores update every 45 mins and you can see them on PPT pages or via email.
Your call.
Swagger on a hundred thousand trillion.
Chess and RC inside of 12631 are the finest gentlemen, and always come to the site dress to impress.
Recent stats show 38% of all Europeans suffer from some form of mental illness. What do you thinks the odds are for a bunch of those folks being Finance Ministers and their advisors?
What was the title of that Savage (Michael, not Gary) book?
Liberalism is a Mental Disorder?
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Do you have a link for that statistic? Sounds pretty unlikely.
it’s correct, the remaining 62% enjoy their mental illness
Fly’s coat-tails are nice. Up 10% YTD.
Frog,
As requested:
http://www.cbsnews.com/8301-504763_162-20102085-10391704.html
I comes from CBS/AP.
Need to add an additional 20% to get the true figure.
“It”
I comes from Miami.
Thanks, Ruggyup. It’s unclear whether these numbers are comparable to what found elsewhere, but still interesting. As the study says
“Because researchers in other areas use varying definitions of what constitutes mental illness, it’s hard to compare European rates to those elsewhere”
Certainly economic issues are causing lots of stress on many people the world over. Finance ministers and their advisors would be more stressed than the average person, at least if they take their jobs seriously– as they are supposed to be the ones responsible for solving the problems.
And they can’t solve them without a lot of constructive action from the people in their societies. Imagine being a finance minister in Greece.
Bank Of England is not going to give the Cocaine loving Traders more QE tomorrow…nor the Clam. And the CPI out of China won’t be so low that RRR is cut. Us bears will be back soon.
Nymph, I don’t get it, you can make money on any side, provided that it’s correct, why are you stubbornly keep leaning only on one of them and keep losing?
Because I have to figure out how the major market moves over the longterm vs day moves. 2008 really messed me up.
2.5 years is a pretty longterm move.
Albert Einstein once quipped, “Reality is merely an illusion, albeit a very persistent one.”
The entire world is filled with gloom and doom. It makes logical sense to be a “bear.” That is not the reality tho. The power elite and sociopaths driving the bus will indeed decide when it stays on the road or nose dives. Negativity is consuming when it comes to the trials, tribulations, truths and consequences of the world’s power. Positivity comes from enjoying life in the everyday here and now.
Swing trading the f*** out of ETF’s seems to be the most resourceful form of trading at this time in my life. PPT hybrid score helps with this. Everyone is at different stages in life. As long as money is being is made………… then the sun shines just a tad bit brighter 😉
What about finding a stock with strong fundamentals and timing the buy with technicals.
Jmmpangaea..I did that in 2007/2008, and then all my good fundamental stocks were sold off hard and ugly. Looking for bigger picture..I don’t want to be a monkey playing her accordian.
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Adding to my SHORT position here !!! fwiw
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ROFL
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I don’t know that acronym but guess Right On Fucking Loser.
Right Out Fucking Loud. Over 47.5?
Guys.. We have rallied 55 spx points from yesterday.. I called the rally yesterday morning, now I’m telling you to sell your stocks…55 spx points is a gift in bear market…take it
The fly is buying into strength and I disagree.. Get your short list ready
No one gives a shit what you think.
Got damn my pimp hand is strong today
Hope you didn’t hedge yourself out of a nice day.
At night, in the darkness, in the land of the blind, the one eyed man is equal to the plebeians
p.s. I hope this 23 year old kid w/gun (apparently) “hangs” in Phili and neva’ returns to LV.
LV’s super nice to visit right now BTW. Tons of improvements, it’s quite, America’s broke, and there’s actually an international flavor (as US currency is shat on and disrespected everywhere – thanks to Generation Snoop Hog).
But, if you’re a foodie, amazing discounts (check eatinglv.com).
You should stop by and say hi to Gary Savage. He’ll probably end up Howard Hughs-ing that town by the time he’s done.
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He was great on “The Wonder Years”.
WNR ready to explode!!!
Just signed on for an new job at a place that triples my income (at worst)!
I’ll splurge and get some KFC tonight!!! ;D
Nice work. You may have tripled your income, but the gov may find that to be too much, so we will need to take half back and spread it around.
Thanks. I’ll still get half of a lot!
Congrats Go2. Let me know what you think of:http:
//www.sovereignman.com/expat/with-immediate-effect?a_aid=CRX
I’m into Lichtenstein, Switzerland (not right now), Austria — New Zealand/Tanzamania/Chile.
Good for you kid.
Remember, “it’s what you keep.”
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An excellent thing to bear in mind. Thanks.
My wife keeps me on a tight budget, so I don’t foresee extravagance for a good long while. Raising three boys (so far), in concert with philanthropic goals ought to help keep me from getting too overwhelmed by the hyper-consumerism that plagues the silly.
Fly… What about the short list you wanted to build… I think the time is near
I will short when we are overbought
I’m not taking any trading advice from a guy with a faux hawk.
(just kidding!)
This bear’s ass is getting a little sore here. Can’t… walk.. straight…