Before I get into it, let me just say I am thoroughly impressed by participation in the iBC Blogger Network. In just one day, we have over 130 new bloggers signed up providing content. If you want to be heard, sign up and compete. Eventually, I will be rewarding A list bloggers. Also, if you link up your Twitter account to the blog, you stand to gain many new followers, as we auto tweet your blogs on our corporate account (18,700+ followers) with your twitter name.
iBC is a force not to be fucked with.
For the sake of fantasy, let’s assume the crisis we just endured, the China scares, the Euro gayness, were nothing more than bullshit. Again, imagine yourself in 2006 and the global growth story is in hyper speed, flattening bears along the way. After this gicockulous run, what stocks are still cheap?
For the most part you want to be long companies with high ROE ratios, one of my favorite gauges to determine if a company is well run. Then you want to compare FPE’s and PEG ratios of companies in the same industry. Lastly, go listen to the fucking conference calls or read some research to get a feel.
Here is my “best case scenario” “Fly in wonderland” list of stocks that will rip chest hairs off the bears.
AGU, NOR, KRA, HUN, FCX, DE, CNH, CPE, WLT, BTU, SWC, X, WLL, HFC, OMN, SOA, SID, MTL, TS.
Lastly, I am thoroughly impressed with TEA. Think of TEA as GMCR without the accounting scandals, selling the shit Asia likes to drink via retail stores. I will do a complete post on TEA this weekend. If they execute, the stock trades to $100 within 2 years.
A great man once said “Gentlemen: you have undertaken to cheat me. I won’t sue you, for the law is too slow. I’ll ruin you.”
Yours Truly
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priceless.
you should found a college, like the commodore
Why? He’s already founded a collage. A Picasso wrapped in flypaper.
Thought I read somewhere Chinese were moving away from tea /tradition…(have to check sources…real Chinese) and drinking beer…wine and Domestic Jx Daniel
Who wants to join me in shipping out Canadian Beer to Chinese?
They don’t deserve it. Send them tasty antifreeze in lead bottles – child proof, of course.
Good analysis of how fucked up the euro deal is:
http://www.economist.com/node/21534849
Britain’s Economist? Comments on Euro land?
Haha.
I don’t think so. But I still read the non-1st-Amendment respecting pub. from time to time.
Are you fucking insane? Chinese not drinking tea? That’s like black people not drinking purple kool aid, or Natives not drinking gasoline. WTF is wrong with you?
Here’s the thing — the meltup is only just now about to kick off. NO shit. It really is. Everything is aligning, and we are about to experienced FORCED BUYING not unlike some sort of cosmic anti-equivalent to margin liquidations.
I know as much as the rest of you do that the market shouldn’t keep going up after running up a gajillion points in 30 days. AND YET IT WILL DO SO.
Any and all tiny dips will be murderously purchased. Hell, there might not even be any dips.
I make no claims for after Turkey day, but from here until then, we will get 10% – 15% more on the upside.
sheesh Huggie, that’s a pretty bold prediction. Frankly, we’ve gone from being very oversold to very overbought and I am looking for the market to take a breather for a week or two.
Huggie/Flyaway:
The kink in the deal could be that Germany can’t raise the 1.3 Trillion, China is saying they might contribute 50-100 billion (with very harsh attached conditions)
Then again, the zombie buyers could come out.
A lot of gaps to fill today!
@xxxHuggieBearxxx
I agree. High tide is coming in, but just like waves in the ocean there will still be ups and downs. For example, today. (Fri oct 28th.) The market hasn’t opened yet and I can already tell you that today will be a v or a u shape, but mostly a neutralish day with at the end of the day it ending higher than it started. However, it will look like it is going down for at least an hour if not a couple.
Monday the stock will go up, and I can’t predict accurately out far enough but Tuesday will most likely be a down day, even if it isn’t down by much.
Geez Huggie. Just live to trade another day. Why make it any more complicated.
whats easier than riding an epic meltup? Even if there is some profit taking, it will prob be temporary and shallow.
maybe, but i do not believe asset managers can afford to let the market breathe.
Unless we start getting legitimately bad econ news…
I’m confused by your statement about “legitimately bad” news.
If the current financial landscape and goings on do not constitute “bad news”, what pray tell does?
Give me a working definition of bad news.
bad forward looking econ indicators here and in china….they have not been indicating recession the last few weeks….ecri may have been wrong for once.
remember, the effin GDP number has TWO revisions coming and they are always (magically) lower than the original
Q1 ending up at .8 after the first report of 2 or whatever it was
Also China PMI was flash the real number coming up may be softer
Dr Funk-
They rarely revise upward, do they?
I think those numbers have a lot to do with the executive branch, and politics in general.
China is in a slow contraction.
Copper went up today based on China, and one of the big miners (FCX) have not even been able ship and process ore because of months-long strikes at their mines.
Also, they don’t seem in a real hurry to make more based on the last earnings conf. call.
Either way, after today, we need to correct, IMHO.
Good info D
I should understand the formulas better. What gets me is the first Gdp runs in news headlines all day, becomes a rally reason, then months later the real number is “backward looking” even though the impact wouldve been much diff.
A problem with China is they measure Gnp in production not sales. So if they make something it counts! Doesn’t matter if they sell it… Or if someone consumes it… Nice
The strikes would explain further the FCX weakness
I would humbly offer that the numbers being put forth by our government are full of shit…..for lack of a better phrase.
And China? Let’s just say they don’t practice the same “generally accepted practices” as the rest of the accounting world.
But then, what government does these days? It’s all smoke and mirrors. This Euro deal especially.
LMAO thoroughly impressed with the fine credentials of the fine IBC institute… You mean a bunch of highschool kids who watch porn whille ripping bongs, trying to trade with the pros be reading some college drop outs blogs about how his positions always suck IBC ROCKS YOU GOT IT
What about AGRO?
Come to the pavilion !
Come to the pavilion, my children !
There is a fresh batch of ice cold … albeit “funny tasting” KOOL-AID awaiting !
Please ! Enjoy as many glasses as you dare !
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Cool…you drink first though…
lol.. and creepy, Mr. Jones..
Alf has already drunk the kool-aid.
He’s an 0-bama supporter… still!
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… better the “Obama Kool-Aid” …
… than the “Herman CO-cain” your clueless ass is snortin’ !!!
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You went with “McCain” last time and lost miserably … now apparently you believe if you shorten the name to “Cain” … and change the ethnicity … you can somehow contend !
You can’t make this shit up !
Too funny !
Too bizarre !
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I didn’t “go McCAin” he was forced upon me.
You went ZeroBama the first time, you clueless fuck, and you’re sticking with that pick?
Herman Cain’s dog, Zelda, dead these many years and stuffed-in-residence over his mantle, would make a better choice than Zero (as in “nothin'”) Bama.
Clue in, Grampy.
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Dig this … Einstein !!!
The President Of The United States Of America … Barrack Hussein Obama … will walk through the General Election with virtual ease if he faces ANY of the fuckin’ clowns presented so far on the Republican side !
Your ONLY hope is for someone … other than these fools … to step out … and step up !
And it is getting a little late in the game … so they might want to hurry it up !
Just sayin’ …
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They won’t improve their lot … In fact, they’re happy to let the Democrat win … after all, with the current POTUS they are “WINNING” despite their protestations.
AGREUD!!!
Agreed. The republicans have nobody that can beat Obama. The guy hasnt even started campaigning yet in full force. Wait till that starts and the true scrutiny of republican candidates begins by the media. Do not F with a Obama campaign, even the Clintons couldnt defeat it.
Holy shit, you rubes are smoking the crack pipe hard these days.
Get off the couch and do some research on the Carter and Mondale campaigns. Then next November, you’ll get the real “Deja vu” effect.
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…for the record, I didn’t “GO” with Obama !
HE … was “forced upon ME” !!!
I was pullin’ for Hillary !
That said, we got him … and I’m stickin’ with him !!!
“Clue in” Jakeass !!!
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Gicockulous.
Amazing.
… that’s a real mouthful isn’t it … uhhh … Linda ?
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I like to stroll down the list of names on the iBC Blogger.
Most of the names give me a chuckle like Canadian Beaver, Looser (not loser), etc.
Most also make for a good read.
Let me know when they’re serving Venezuelan beaver cheese!!
Yeah. Canadian Beaver. I can go there.
Gentlemen, meet our new-age masters:
http://www.ft.com/cms/s/0/7505d210-00ba-11e1-8590-00144feabdc0.html#axzz1c2SoKftu
Interesting rumor around a France debt downgrade after hours on Friday hit the trading desks today.
This wouldn’t surprise me and it’ll leave a mark if it’s true.
That is what I’m waiting for Edge
They better be reviewing this
How quickly did they get us after 8/2
100% of S&P financial sector is above their 50 dma…what the hell…just like that.
Watch the CMG double top for a short.
“What do I care about the law, ain’t I got the power?”
Nothing in the euro announcements is remotely adequate to end the crisis and lead us to happy days.
At some future time, we shall do this all again
I betcha Merkel is getting the high hard one tonight.
After all, she pretty much pulled a rabbit out of a hat….even if only for a day.
But that does go along with the magic theme, and the smoke and mirrors, etc.
Game on, baby!
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Rangers up by 2 … 7 to 5 … Cards up bottom of the 9th !
Rangers are 3 outs away !
GO RANGERS !!!
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Better the Rangers than the Crackboys.
Although I hope they beat down the Beagles this weekend.
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Does that classify as a choke?
Rangers 1 strike away … Cards tie the ball game 7 to 7 … End of the 9th !
Extra innings !
SIGH !!!
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Yea BABY !!!
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NICE……Congrats Texas….
Rangers up 9 to 7 … bottom of the 10th … 3 outs away !
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This is ridiculous…Just like the market today….Good Luck Alf,,,
What about CLF? CLF hit a low of 47.31 on October 03, 2011 and closed today in after hours trading ( after a solid earnings release) at 73.15! A whopping 54.6% increase in just over 3 weeks! This should be on everybody’s radar on any pullbacks.
The Canadian Wheat Board is going to lose its monopoly on Canadian wheat and barley sales soon, according to the new Conservative gov’t. Other grain companies stand to gain a lot of business but many of them, like Cargill and Richardson, are private. Viterra is one of the public ones. Its share price went from 9 to 12 when the election was called, and is now hovering around 10.50. Might be an opportunity in the food business here because the wheat board is huge so a lot of new business might go to other grain handlers.
The down side is that the board sets prices so prices for wheat may slide.
Just a thought. I don’t have any investment in this industry but I am interested in hearing people’s opinions.
Thanks for the ideas, Fly. TEA definitely goes on my further research list.
I am now 10.43% below my YTD high reached on Feb 13, 2011. I’m so close!
I’ll be very surprised if we end UP at the end of the day tomorrow! If we do, I think it will be a very Bullish sign. I am sitting at about 16% cash and I will buy nothing that I am interested in unless there is at least a 10% haircut.
Cards win in the 11th !
Un-freaken-believable !
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Bring on Game 7 !!!
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ALF
….
nah, I don’t need to add anything!
Go Cardinals!
Wow, the lowest rated WS ever goes to 7. But I digress…
Nothing personal of course
Cards
Rangers
May the best red team win
Who gives a fuck about the ratings?
If someone isn’t pumped for a Game 7 after that game they probably should stop wasting their time with sports.
… correct ! You DON’T need to add anything !
You ban me from posting on your blog … and then slither over here and take shots at me !
Classy !
While you’re here you may as well degrade, denigrate and insult my deceased Mother again !
Why stop with Mom … go ahead and again make more lewd insinuations about my wife while you’re at it !
You can apparently say and do whatever you want with complete impunity …
Give it your best shot !!!
You must be very proud !!!
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Gosh Alf your oh so extremely clever reference to fellatio in your response to my previous post just reeks of class. Sigh. I kind of used to like you actually.
But more importantly, I can’t believe I’m engaging in an internet argument. Bigger sigh.
… it was meant to be funny !
I thought it was sortta funny !
Sorry if I offended you !
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A perfect post for our resident Fossil, Alf, who is so old he could stand for carbon-dating.
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Looked over the TEAVANA web site. Not favorably impressed:
–pictures of trays of each tea mostly look like either potpourri, puke, or the contents of an ash tray
–when you look for TEAVANA store locations by clicking the target state on a US map, the list of locations that comes up is sorted by the name of the mall, not the city
–when you search for locations by entering a state/city/zip code, the map of matching locations won’t show locations out of that area when you scroll the map to a new area.
But, what the hell. If they can actually sell sugar for $8.50/lb and honey for twice that amount, they ought to be able to make money.
I did the same and felt the same about TEAVANA. Website is clean but looks to be aimed for the metrosexual.
Getting Americans sold on tea will take the equivalant of a cultural change.
You want to bet on a cultural change when there are Starfux on every corner?
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JTU you could be right with your prediction of where the day will end. Australian stocks jumped early but faded near the finish post. Excuse the analogy but Tuesday is Melbourne Cup race day in Australia. Europe has been up and down in the morning but one cannot help feeling that after such a strong showing yesterday they will run out of puff at the finish line tonight.
Europe gets to be saved again. Should be good for another rally.
An auction of 2.98 billion euros ($4.2 billion) of 10-year Italian government bonds on Friday produced a yield of 6.06%, up from 5.86% in an auction last month, Reuters reported. The yield was the highest since Italy joined the euro. Italy also sold 3.1 billion euros of three-year bonds, with the yield rising to 4.93%, reports said, while a sale of 2019 bonds produced a yield of 5.81%.
Dice in play – no more bets!!
New usage for Wall Street Swag: Serfdom:
http://www.mountgrace.org/sites/default/files/Binder1.pdf
Athol was only about 30 miles from where I went to college. I remember there was a Zoo Mass guy we know from there with a lisp… we used to call him “The Athole from Athol.”
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Completely untrue (at least that last part), but it makes for a good story doesn’t it?
Roll the dice is right….a daily gamble.
http://www.youtube.com/watch?v=_6Q1TnaxjhU
asked the wife if she would ever buy anything from Teavana, she said no. enough said.