Are you interested in big gains? Sorry, you’re gonna have to settle for 3-5% two day returns before sharp trend reversals transform them into 5% losses. That’s been my issue for weeks, small gains turning into small losses. I cut them out because I don’t want them to metastasize.
Case in point: futures were down about 100 earlier this morning, but now they are up. You have been fucked, Mr. FAZ ride this shit down to zero like a bear market hero. You are a child.
All of a sudden, the drug cartel of Mexico is a safe haven. You have to be fucking kidding me, right?
But, but, but, Mexican 10 year yields are 6.34%.
In other news, yields in Denmark, Finland, Czech Republic, Hungary, Poland and Austria have been on the rise this week. They’ve been out of the conversation. It’s always nice to have new guests. I deem them to be rather interesting.
The most interesting new guest of them all is Columbia! Their yields have doubled in recent months to about 8%. The cocaine trade is quite the volatile one.
At any rate, the NYPD is going to club the shit out of the dirty bastards at Occupy Wall Street. They were expecting 30,000 to protest, yet only 400 are there now. Idiots.
In short, take your quick 2% gains and run for the hills.
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I hate this market. I have swung from +130% (hi ho Silver! Options are the coolest!) to -60% (Fuck you Silver! Fuck options, fuck everyone) and right back to flat. I am now +.05% for the year.
Bueller? Bueller? Bueller?
lol!
I have had a similar experience.
Fucking Silver…
Seems like you have a great risk control system.
Fly, I remember a great story you once told about buying bonds during the Enron debacle as people thought all similar companies were frauds.
Do you see a similar situation materializing in Europe? Or is the risk of the Euro completely breaking up too great? Some longer term positions in countries that are going to be tied to Germany’s economy (like Holland and most of northern Europe) whether they are in the Euro or not?
good question. I am sure a lot of banks will rebound. The problem with Europe is the mothership is infected, not some sector. The govt debt itself is no good and all of the banks own it.
Do I dare say the US looks to be the cream of the crop on this round mass we call earth.
…or is it really flat and we all have been duped?
No, you are correct. US greenbacks are the best terlet (sic) paper out there.
_______
Mexico is the new Brazil…NOT!
Maybe Moody’s will have some wise credit rating remarks 1 minute before the close today just to one-up Fitch. Such a fickle market…
Mexico’s stock market has risen 500% in the last couple of years. You didn’t read that in the US financial propaganda machine, did you? They’ve made Mexico look like the worst place in the world, when in fact it’s likely where most of us will be required to retire — if we expect to retire at all.
Fly, you thinking about getting back into VXX? It’s the only thing I’m holding right now, have been for about a month. And the type of losses that you mention are about 90% of my mistakes this year. My timing on purchases has been pretty stellar, but my lack of discipline at selling and booking profits has cost me big time. Stupid greed.
“They were expecting 30,000 to protest, yet only 400 are there now. Idiots.”
There’s strength in numbers. Unless your numbers don’t show up. Just 400 idiots? Heck, NYPD should be able to bust 400 skulls without breaking a sweat. Any NY cop that finishes his shift without a bloody nightstick should be docked a half days pay.
There are riots all over the planet comprised of well over 400 individuals, at any given moment. That the entire US propaganda machine is focused on 400 people shows how much the central bankers need us to believe the OWS movement is a real grassroots movement.
@FLY – WNR getting clobbered. Dip buy or no? Feel like we have seen this before.
not yet
what point??
when 321 spreads stop going down.
shit man…Im fuked!! this pipeline reversal could send me into never never land with this fucking company!!!
When are the NYC pigs gonna beat the shit out of the REAL terrorists, the Wall Street bankers and brokers and elected officials who have victimized the bottom 99%?
Then and only then will we recognize that we live in a free and fair country.
Shouldn’t you be busy standing in someone’s way on the subway?
lol
I would pay to see the NYPD pepper spray a few central bankers… forget WS bankers and brokers — they had nothing to do with anything. They are easy distractions to keep you from realizing central bankers are the problem.
Those OWS are a bunch of tools. Anybody knows that if you want to change things in this country you don’t protest but buy yourself some politicians. Or better yet, buy yourself a news network AND some politicians. Then you can do whatever shit you want and no one will even know you’re doing it…
Fly – short CRM?
no shorts for me.
balls to the wind.
`Trade is trade’ but sings a lie:
‘Tis only war grown miserly.
Lanier had a groovy beard.
Groovy! All hail the 70’s (before we are banned.)
BAC ignoring the bank crowd so far today…perhaps reaction to large insider buying reported this morning?
the H series of perfs are down. YEAHHHHHY
I quit this Occupy business. Too many smelly people and the Po Po are not being nice.I will use my Harvard MBA to either run for Congress or get a job at JP Morgan. Inside trading rules.
Garbage men in New York bank six figures with a little overtime…and still allows you to occupy the streets.
GSVC – who’s whipping that around with the big 100 share block today?
It’s turning into a real roach motel…careful.
Not thrilled about not selling out at B/E a few weeks ago $16.36(ish)
yes, the good old us of a is the best horse…at the glue factory
Kuwaiti’s storming their parliament. This’ll go over BIG in the oil patch.
Yields?……Yields are going to go up alllll over the world, because, it is a world wide reconciliation of the “books”. No country is immune.
Wild predicton. Germany bails on Europe.