We are sort of in no mans land with regards to the market. The Fed meeting is behind us and the fundamentals stink. Couple that with the fact that school is almost over and people in my industry prefer to be drunk on a tropical island, instead of at their “trading turrets”; and you have conditions for a lifeless market. This market fucking sucks.
I’m not going to be hoodwinked into this tomfoolery on the Friday afternoon. There are certain conditions that need to be met before I step in again. First and foremost, I need to see TLT trade down hard. There’s a fucking bond bubble because the market fucking sucks and the Germans are conducting financial warfare against its neighbors.
People like Rick Santelli, and his tea party ilk, are the most dangerous people in the world right now. They are like financial terrorists, wanting to impose harebrained austerity on crippled economies. I tell you, it’s insidious, ignorant, and will never work. Borrowing costs in Europe have gone up since Germany thrust austerity upon its neighbors– because growth matters and balance sheets eat ten dicks.
I have about 32% cash, 5% HDGE and the rest long equities, about half of which is tied up in YELP. There’s really no point in telling you what I like, since I do not like anything enough to make me buy. If anything, I am warming to precious metals, particularly AG and EXK again.
If you enjoy the content at iBankCoin, please follow us on Twitter
first
They only want Austerity until they are elected. Then the spending begins anew…
What about tech such as ARMH, that you were positive about?
I like ARMH. But I am already long NXPI, AVGO and NUAN.
Got it. Cheers!
dont u believe the ECB will announce over the weekend LTRO3?
That’s just selling more debt to bailout the banks. They need to have the ECB ease and set a higher inflation target. Until they do and really try to stimulate, austerity and the deflationary vortex will rule Europe.
with regards to resuming spending remember “past mistakes are no guarantee of future success ” There’s not enough money to reinflate….try as they may that road has reached its end.IMHO
“…balance sheets eat ten dicks.”
“Eat ten dicks.” Love it. Consider it stolen.
Make the most of yourself, for that is all there is of you.
12-12-12
FSLR is money
Drachma money
Could be , don’t really care about anything other than price
Hey Fly,
Assuming 0bama care is ruled unconstitutional what names would you look at going into nest week? Insurers?
next
🙂
Congrats. I wished the Heat had lost but I have to admit they crushed OKC.
Thanks!
Austerity is not the answer. Just keep piling the debt onto our grandkids. That’s the answer! Eventually we pull off the big banko. Do the markets like that idea?
ETN is being accumulated at alarming levels at my brokerage.
Long CATM. Watch me fly (no Le Fly).
“people in my industry prefer to be drunk on a tropical island”
Probably one of the many reasons I live where i do.
Hooray!
I am now a paying member.
Formerly Loki.
Indeed this market sucks, at this moment…
Totally psyched for my first Fly recommended trade.
Have a nice weekend you sexy people!
trade vixy
Thanks for the idea.
I love the VIX trades. Have been going for SVXY and XIV on fear spikes. I do better shorting fear than waiting for fear.
Yesterday’s spike was a good one. I was looking more for a move to 21-22 to go VIX short.
Sold my NXPI on this bump.
Catching up to the 50. Strength early shouldnt need to sell yet
Hey Fly, can you list your current long holdings.
Thanks
funny u should mention “tropical island’ goin to bimini in 2 weeks,,60mi from my house. im bringing my own hotel, bar and entertainment.