As you can see, RBCN is up today, offering “The Fly” a semblance of respite in an otherwise abysmal day. According to the scientific laws granted to us by The PPT, TZA is increasing in value, making a winner out of those who adhered to its rules.
I find it interesting to see gold and silver getting punched in the cock, so late in the year. It’s almost as if the stock Gods designed to punish John Paulson one final blow before 2011 was completed. Without a doubt, both gold and silver will be worth buying soon. As a matter of fact, it may be worth buying now, providing you have cash reserves to average down. However, my plate is filled to the edges with LULU, DECK, RBCN and GSVC. My cash position is about 25%.
All in all, the end of the year will prove to be uneventful. The Italian bond auction of late January looms and there is no one who can know, without a doubt, what is on the singular mind of the German Chancellor, Angela Merkel. Because of that, one much tread carefully in this market and respect the macro-catastrophe that will come to fruition.
NOTE: At 5pm, iBC’s annual predictions will be released.
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What would you think about buying SPY puts instead of TZA when the ppt flags overbought?
It works, and the bid ask spread on SPY options is awesome.
SPY = SP500 / TZA = Russel 2000
Even though all indices may appear to move in lockstep / there are differences
Can’t wait to read your prediction for 2012. I am especially looking forward to your prognostication in the dual between inflation, and his arch nemesis The Deflationator.
If memory serves me right, Fly posted very early on that 2011 was not the year for TBT and that prediction proved accurate the second half of the year. It will be interesting to see if this is addressed in the 5 p.m. blog.
The singer, is he a hint? the original FAZ?
It will also be interesting to see the iBC predictions for the Kardashians and the fate of the NY Mets.
with the size of kims’ ass, i predict she gets cornholed.
Here was my 2011 predictions
http://ibankcoin.com/flyblog/category/2011-predictions/