The boogieman is still there, under the bed, waiting to snatch the market’s feet.
Futures reversed off -13 to now +4, which is great. Italian and Spanish yields are dropping and the CAC is up almost 1%. Everything seems to be going well, except for the fact that NOTHING has changed, structurally. I hope to the heavens, and all that is dark and sinister, that I too can enjoy a respite this morning. Instead of having my face devoured by a “Miami Zombie”, I’d like to look at my trading platform without horror, reticent to do anything but wallow in profits.
Instead, I’m afraid my destiny is one of rocks, iron, ash and smoke.
Japanese markets are at 28 year lows, down 9 weeks in a row. The fucking Heng Seng is trading 6x earnings and our markets are for shit.
On paper, we should rally today, especially since futures reversed higher and France is up; but we won’t. As soon as this fucker opens, all of the assholes will start selling again, turning my smile upside down.
In the event that we do rally, a fucking miracle of sorts, I like NXPI, CLF and TEX. AG is one of my larger positions and feel it will begin to benefit from gold/silvers resurgence as safe haven. I’d like to say “YELP is homosexually cheap”; but how can I when the stock sucks dick? The social media craze is over, unfortunately. But YELP should not be tethered to Facebook, since it can be acquired and deserves a premium.
Bottom line: there are too many weak hands out there and without news flow to cut the sacks off the bears, I’m afraid this market is nothing more than a giant fucking sinkhole, where money goes to die.
http://www.youtube.com/watch?v=CmSqxNrX6aE
If you enjoy the content at iBankCoin, please follow us on Twitter
GSVC is turning in a double bottom. They are trading near cash on hand levels too.
Time to load the truck?
Sadly you are correct the euroboys have cried wolf for 2 yrs and now…there’s little chance of rescue…China was supposed to be the global savoir….F that idea
🙂
dig Alexander Ebert..
DXD all day, Joe Rogan podcast by night!!
Forgive them father those that eat human flesh.
Learn form the mistakes of others. You will not live enough to learn them yourself –
12-12-12
The V.King Cometh
You make a great case for yelping.
Well…..there goes all my short/put positions. The market has decided to come out of its syphilis infested benign tumor and spread everywhere. WHY MUST YOU BOUNCE WALL ST?
Greedy man
The Germans and USA are buying time, so they can refinance their debt at 1.5% for ten years.
This takes time as they roll into ten-year as the T-Bills and long bonds mature.
That’s the reason for all the delays on inflating, and also why all you see in the papers is fuckin’ “Queen Elizabeth” and “Obama hates capitalism”.
POOF !!!
There goes your “dead cat bounce” !
.
Bottom must be near is Alf is back. Good to see ya Alf!
Haaaaaaaaaaa!
Second that! I was really surprised when Fly said he banned you. I for one enjoyed your comments!
8)
.
Even if we go up today, I would like to see a down morning tomorrow. An up morning is never a good thing on Turnaround Tuesdays.
So Bobby, do we get more of a % bounce out of Rut vs S&P for a few days?
Death by a thousand cuts….The slow bleed.
Not sure why I’m still holding yelp if the only hope is an acquisition and the odds are against us…
we better go down down down
WTF. I was up 10% morning for about a few minutes. I must learn to capture my profits and GTFO out of the market. I am now down.
Just a thought …
Pull up a 10 year Monthly chart of Dollar Tree (DLTR) …
A position in DLTR in Jan. 2008 would have returned you about 650% on your money with hardly a hiccup along the way. From ~$14 to ~$104 in about 4 1/2 years with little to no stress.
No sweating every tick of every move. No staring at a trading platform till you’re bleary eyed. Instead, you could have spent that time walking your dog … working a bit harder on your golf swing … taking the boat out more … living !!!
DLTR isn’t some high beta name !
DLTR isn’t some risky social media name.
DLTR isn’t glamourous !
But, frickin’ DLTR could’ve made you a nice bundle in less than 5 years.
SIGH !!!
.
i have been all over that one for 4 years bro.such a delight to behold,no.thats my pick on RC’s yearly contest
yeah three other home runs SBUX WFM and TJX …..where my girlfriend shops constantly…..
ive’ been on that since 21.i love that company.is also my pick on mr.RC’s yearly contest
yeah in hindsight trading we’re all rich you fucking dickhead
… just makin’ an observation. Why all the anger and vitriol ?
Nice screen name btw… you must be very proud of that.
.
Welcome back Alf
Thanks !
I worked in the prison library and did the Warden’s taxes and was granted early release on “good behavior” !!!
Make that … the PROMISE … of good behavior !
.
I thought you got out this way, ” Andy crawled to freedom through five hundred yards of shit smelling foulness I can’t even imagine, or maybe I just don’t want to. Five hundred yards… that’s the length of five football fields, just shy of half a mile”
… you plumbers are so obsessed with sewage. Did you also conjour up your best Morgan Freeman voice as you were peckin’ that post out ?
.
Yippee yeah lets borrow more now that rates are zero…we can spend till the cows come home ….the resusitator is on… but the patients are slowly dying
USA, England, Germany have a once in TEN lifetimes chance to solve their debt problems.
Ten-year rates are under 1.5%. USA could finance our $15 trillion Federal debt for $225 billion yearly,
for the next ten years. Furthermore, if we have a
$1.2 trillion annual deficit, this can be financed for
a measly $18 billion a year additional.
And we could borrow for a $500 billion infrastructure and jobs program, at a cost of $7.5 billion per year.
Only the insane Tea Partiers and Dimwit Republicans stand in the way. I say OFF both groups, every time you see one!
True that. And I agree with your premise 100%. The problem is the profligate spending habits of the social program Demo’s will burn through any and all saving generated by the low rate refinancing of our debt. If I thought that the lizards in congress would act in a responsible manner are reign in spending along with injecting some $$ into real business friendly investment programs, then i would say there might be some hope for change (pun intended). As it stands right now though, I think that group is lost in the woods.
Repubs standing with an axe over the neck of the world economy. Dems circle jerking at the prospect of unlimited funds. (Picture Nancy Pelosi doing that…..) …..No. For the sake of your mental health, don’t.
And the solution to a drug addict’s problem is more heroin.
Are you drunk? How in the name of god can the US fund 15 trillion in the 10 years by selling bonds to cover the debt in that period. You think the market won’t wake up to that hump. Stop being a fool.
Nobel Prize winning economists favor such actions.
As I said earlier, they are doing exactly that as they buy time with Queen Elizabeth, cannibals and face-eaters and centrifuges.
A rise in ten-year rates would spur the stock market higher, as buyers of stocks saw that bonds are money losers.
And it would put a whiff of inflation into the air, so that people accelerated buying of homes and major purchases before the price rose.
You are not too good at the macroeconomics game, are you?
“so that people accelerated buying of homes and major purchases before the price rose.”…….
Bear in mind that the number of people who, (A) have the funds and (B) have the credit, to buy a home or move up the food chain to a nicer, larger one, has been cut by at least 50% since 2008. Maybe if home prices fall another 30%……..
Tomorrow we will see the “Grand Master Plan”. Markets will rally!
what is the story on the CPST sell off of late?
announcing earnings in 10 days.
I like the clf idea Sir Fly, thx. I’m hoping for a miracle today.
… as Steve Grasso would say …
“Triple Nickles” is a key Support level to watch for AAPL !
That’s $555 for you that weren’t paying attention.
.
.
Slip sliding away, slip sliding away …
You know the nearer your destination, the more you slip sliding away …
Whoah God only knows, God makes his plan.
The information’s unavailable to the mortal man.
We’re workin’ our jobs, collect our pay.
Believe we’re gliding down the highway, when in fact we’re slip sliding away !
.
fly, seen google local? good luck yelp…
Do you know anyone that uses google+?
Yea, I didn’t think so.
ok, so you can make that point.. but google is making a big push, do people use google search? do they use google maps, gmail, youtube? i think so.. let me know how long it lasts that people don’t start using google local and eventually google plus
wrote that quickly .. but I think the point is clear
Acquisition! That’s the ticket. Everyone wants a six year old company that’s losing money faster every day. A company whose management said they would never, ever work with Yahoo and a company that Google vowed to crush. At a going rate of $500 mil., yelp is worth $8 a share so a buyout would net shareholders -50% profit. That’s Internet speak for Inverse Revenue Performance (IRP). Not to mention, a buyout would involve dumping 800 employees. Other than that, Yelp is ready for eager buyers. Mark “Instagram” Zuckerman should be first in line.
I don’t think the bulls problem is a lack of news. There is plenty of news, it’s just that most of the news blows. I enjoyed a first class beatdown in May till I reduced positions and started micro-sizing my positions. It is good to see Alf back.
Karma for the idiotic comments re Germany
I hope Merkel sticks it to them. Rules for the mediterraneans:
1. Work 40 hours per week with a two week vacation.
2. Pension at 65.
3. Must pay 1/2 of medical benefits.
4. Slackers can be fired.
5. No bribes for a choice job
6. Wages frozen for five years
Oh yeah, that will happen.
Not without a war and much killing of slothful citizens of the new country called Gretaliard.
note the US bank squeeze via $TNX-$IRX. When the spread narrows, banks loose coin.
Please tell me you and everyone else is out of YELP. Imagine a world where current and expected next quarter P/E determined everything, and price accordingly. Social media does not come off looking healthy here.
Nope. Sigh…
agreed, no chance for yelp
I’ve been doing ok playing the fluctuations on Tsla. Probably not a stock for long term unless oil prices skyrocket.