Basic materials are down a scary amount today. I’m not sure if it’s due to the liquidation of a fund or something is horribly awry in China. Either way, one must be concerned with the way PCX, ANR and CHK are trading. On top of that, I am intently focused on AG and EXK, being that I own them and do not enjoy having my nuts used as a speed bag. Thank you very much.
The entire basic material space is off today; but the carnage is most horrific in silver and coals.
“Silvers and coals. Silver and coals. Oh how I dream of silver and coals.” It sounds like a X-mas song.
My take on today’s tape, thus far: complete horseshit.
If you are lucky enough to be in some old man (CHD, PEP, LNCE)/young whipper snapper (GRPN, ZNGA, P, YELP) stocks, you are making money. Everything in between is plain ol’ vanilla gay.
PREPARE TO BE ZEROHEDGED BEFORE THE CLOSING BELL. This market cannot withstand the selling barrage that is sure to come, as the bulls do not have the tenacity, nor the fervor, to stay long overnight into the European mystery soup.
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What’s up with UNG on the other hand? Up 2.5%.
Fuck that Oil!
$ERY 12.43….9.33
OK day because I am heavy social, but it doesn’t make up for the shitty april and may.
Silver looks like death.
Who said we have an inflation problem right now?
We NEVER have had an inflation problem and we never will. Inflation is a BENEFIT to everyone but the monied rich.
It would bail us out of our debt, fix the pension funds and housing, and get the economy and stock markets ROARING.
I want TEN PERCENT INFLATION RIGHT NOW!
Bought some shares of UCO and some UCO calls. $Silver not quite low enough for me to buy some shares of AQG and AGQ options but it’s getting very close. Same goes for $RUT/TNA.
who was it talking about 80% of his book in GDX? put him on suicide watch
Anybody heard from Huggie lately?
$NUGT = Kiss of Death!
$LYSCF still loading up on this one.TOL announcement will bring a minimum of 40-60% upside within a couple of days.This stock is amazing when good news comes.7-0 batting average with LYSCF! Ha! DD required!
Goodbye Oblama, it wasn’t nice knowing you.
http://www.weeklystandard.com/blogs/dem-primary-challenger-down-7-obama-arkansas_645010.html
Going long @1330.5 spx to save u fly
Man, what a shitshow. Bernanke should lob some cruise missiles at Athens.
Toasted
Robots in control
AAPL is your “Tell” for this market. The money isn’t running. No real breakdown….yet 🙂
Oil appears to be near a bottom to me. Bought some UCO calls and shares of UCO. Just a small position that I am prepared to add to on weakness. The calls are the July expiration $39 strikes.
Looking for a bounce to help me cover some small losses I’ll take on a long $RUT position.
You’ll be hearing from my lawyers.
Sheesh! I leave for a couple of hours and the market goes tits up. Can’t you guys keep things in order during my absense?
I guess GM was jealous of all the FB attention?
Awesome Jefferson Krull video!