GLOBAL GROWTH IS BACK
Zynga is going public. The ticker symbol will be ZNGA. If you can’t get the ipo, buy GSVC. I don’t understand why there isn’t more hype around GSVC, as it is the only way to indirectly invest in Zynga, Facebook, Twitter and Chegg, amongst others. It is the CMGI of this generation.
Retail sales came in well above expectations, sending futures through the roof. On this news, ahead of the weekend of European debt negotiations, we are off to the races. It doesn’t matter what I think or feel. The animal spirits of the market will take over and offer death blows to those leaning short.
Into strength, I will be unwinding my positions, slowly but surely. I will most likely keep all of my WNR, which represents 15% of my assets. 321 crack spreads are north of $34 and end user demand is robust. Apparently, the economy if off to the fucking races again. That shit we just experienced in August was a mere blip in the grande scheme of things, a liquidation party of sorts for Mr. John Paulson.
Global growth is back, much to my surprise. Today’s retail sales numbers were so surprising, it literally stopped me in the midst of punching someone’s mustache off. Truly groundbreaking stuff.
43 Responses to GLOBAL GROWTH IS BACK
S&P may break through resistance today!
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S&P cracks resistance!
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And to add on to this, the tightening cycle in China is almost certainly complete. Hugely bullish.
Let’s be honest — with the exception of the fucktards in Europe, all signs point to a much higher market.
Not saying Europe won’t eventually cause everything to explode, but if they can put something in place that defers that shit out a year, we could end up at 1450 in a flash.
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by the way, i still think the first real resistance will be around the 200 day. 1260- 1270 or so.
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FUCK YEAH. GO CHINA GO.
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Now you’re getting the spirit!
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Huggie, I love you!
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NO HOMO LOL
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SOL is up 60 % in 8 days. Beaten up small caps have a huge potential for gains.
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SOL up another 8% this morning!
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Yes, out of favor now so small/midcap buying opp.
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Firing Officer! Prepare to launch tubes 1, 2, 3 and 4. Battle stations everyone!
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We bought 4, he fronted 5 more!
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There were 5 Fridays in September this year and only 4 Fridays in last year’s September. If you live pay check to pay check that means you got 3 pay checks in this Sept. This October there are 4 Fridays and last year there were 5. Soemthing to think about when looking at retail sales
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Goldilocks 2.0! BUY BUY BUY!
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Back out the seasonal adjustments and you get a nothingburger. Rally On!
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Hmmm, nothingburger. With or without cheese?
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My “Relax” admonition has been updated…
Today’s market is proof of why the PPT is even more important than ever in negotiating the shoals of a tricky bear-leaning market.
I’m predicting you will soon have Timmah as a subscriber.
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Why the fuck anyone would want to turn the mothership over to the GOP is beyond me. We are on the verge of a epic rebound that lifts all boats. Steady as she goes.
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You are familiar with the works of one Nan C. Pelosi and you are asking that question in seriousness?
What’s absolutely nuts about the Dems is that if they were forced to take one Econ 101 class before they were admitted to Congress (or higher office), they’d never get forced out of power.
But then, it’s about the power, isn’t it?
When you finally learn that there’s more power in keeping an economy humming than in doling out favors to endlessly warring separatist interest groups, you will finally have come out of the woods.
In the meantime, see you in 30 years again.
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The Dems will lose the next 4 election cycles. By then the old white pasty face bad hair hippy congressmen left over from the 60′s will be dead…
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I dunno– perhaps there is more power in power and bullshit. There is higher standard of living in keeping the economy humming, but power comes from power and propaganda.
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But there’s only so much practical evidence people will look over, no matter how brain-washing the propaganda is.
Reagan’s “Morning in America” worked because it was like the country was waking up again.
“Hope and Change” however, is leading to a feeling of hopelessness, and loose change in one’s pocket instead of folding money.
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The only hopelessness is among teabaggers trying desperately to return the country to the idyllic ’50s (The 1850s that is).
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Hey Dick.
Where do you, Chris Dodd and “the Kennedy’s” have that secret, gold-plated bust “trust” museum so your family and friends can stare at your highfalutin selves?
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Jake you are a rank fucking amateur. http://en.wikipedia.org/wiki/Nixon_goes_to_China is how the real world works. I hope you are not a money manager, your lack of strategic foresight must be expensive. If Obama owns both the epic recovery and spending reductions the world is a better place. Never underestimate the value of social cohesion.
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You make no sense Hermes. Nixon going to China was not social cohesion. It’s the idea that a leader from the opposite side can cross over more effectively and effect change. So far, Obama has not shown much propensity to cross over and help our capitalist economy. Obama has not done anything like Nixon going to China.
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I am voting for Anita Perry. I always had a soft spot for Tammy Faye. Also can’t wait for 999 to fund seal team six. I maay even join a Mormon cult on my way to the voting booth. whhttp://www.youtube.com/watch?v=mKgHMUhlgCI
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Herpes, Obama is the opposite of Nixon going to China.
A much better example is Clinton signing NAFTA and welfare reform and a huge cap gains tax reduction.
Three things the hard left Ideologue Obama would never do.
Look at him now! He thinks the way to get elected is by going out and preaching class war?
Seriously? What decade does he think we’re living in? People get their information from more than the New York Times these days…
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You really are a simpleton. You make Anita Perry look like Thomas Sargent. Obama can sleep easy knowing your brain trust is on the case to defeat him. Elections do not occur in a vacuum, they occur in a whorehouse house and the prettiest whore banks the coin. tl:dr my whore is prettier than your whore.
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Recycled and trite left phrases, strung together. Congrats! You deserve a pin from one of the left cable networks. Yay 4 U!
The sad thing, is liberals aren’t smart enough to be silent, I’m not even talking about “educating” a leftist.
The elevator doesn’t “go top flight.” Like Churchill, don’t teach the pig to dance.
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>>I don’t understand why there isn’t more hype around GSVC, as it is the only way to indirectly invest in Zynga, Facebook, Twitter and Chegg, amongst others.>>
Where do you think those companies will IPO vs. what Moe paid for GSVC’s shares?
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Just to clarify:
“…vs what Moe paid for those companies’ shares on behalf of GSVC.”
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Western Refining, the crude oil refiner and operator of U.S. gas stations and convenience stores, aims to cut debt by $600 million in a quest to boost creditworthiness.
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Sprockets
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Ah CMGI, those were great days!
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Still short FSLR and NFLX, no problem so far.
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Don’t look now but here comes the VXX and TLT…
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Gentlemen of power arguments remember, the old Sicilian proverb, Potere è Meglio Di Fottere! And so it shall be.
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thanks fly for yesterday tough call but i stayed with the wnr still holding
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The market is doing the dance of death. I’m short here and preparing for a crash. Banks are still in the red. We can’t rally without them.
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WLT rumor won’t die. Hmmm…
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GLD technicals a rising wedge on shrinking volume. Looks like a pullback below 150 is in order. Currently 162.50…resistance at 165 and support…lower…around 145.
Short that mofo…
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