iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

All Eyes on China

I hate when people write or say “all eyes on ‘XXX'”. Therefore, I just wrote it.

I am 40% cash, heavily long ag through LNN and MOS, with side dishes of CPST, EXK, RBCN and DMND. I’d like to say “the dick guillotines are rolling out into the city square, preparing for usage.” However, no one even knows where Bernanke keeps those things anymore. Besides, it’s summertime and Europe is as stupid as ever.

To put it bluntly, the fate of western markets lies in the east now, with tonight’s GDP numbers coming out of China.

Until then,

Ciao

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37 comments

  1. Dog

    I hate that word Ciao.

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    • The Fly

      it’s the most annoying form of goodbye.

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      • ruggyup

        Annoying and trite, yes. But, for sheer clumsy and arrogance there is the Putinese, Do svidaniya!

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        • Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.
          Sur Platonic Platueu Du Tecnocrats, B.R.A., D.J.D.

          Don’t upset the real POTUS. Ruggy.

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          • Mr. Cain Thaler
            Mr. Cain Thaler

            Your ability to escape the filter is, for lack of a better word, amusing.

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      • Mark

        But nice symmetry as you started and ended with something you find annoying.

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  2. halfbloodpope

    I am short Chinese accounting integrity.

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    • surplusdroids

      Me too. But I am long the Chinese bureaucracies ability to lie, cover up, and sell the story. Also long American investor stupidity in buying their garbage stocks.

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      • Mr. Cain Thaler
        Mr. Cain Thaler

        What if everyone’s long everyone else’s stupidity?

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  3. Bullish

    Stupid bubble. I expect a – 10% read on GDP… but instead it will be +8% just because they said so.

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  4. GoldDiggah

    I found the missing guillotines they were last seen on a giant cargo ship destined for China.

    -GD

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  5. prospectus

    LIEBOR pikers got nothing on the original fraudsters in Bejing

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  6. FUCKGOLDMANSACKS
    FUCKGOLDMANSACKS

    Ciao baby. Even more annoying

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  7. tm

    “the dick guillotines are rolling out into the city square, preparing for usage.”

    That’s interesting, do you know if most schlong guillotines are “wheeled?”

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  8. Cascadian

    Summertime in Europe. They take the month of August off. But it won’t hurt their productivity much.

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  9. Testicules

    Gazing into the Wal-Mart crystal ball:
    CNY mixed bag

    GDP 7.9
    Industrial Production 9.7
    Retail Sales 14.1

    tootles

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  10. Kirby

    I wonder if China sold enough fake merchandise on EBAY to boost GDP

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  11. dave

    When the current FOMC operations cease, longs will be begging for more QE. Until then, enjoy dragging that bag full of dicks.

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  12. drbigboss

    I’m sure China’s GDP numbers will be fine. Even, and perhaps especially, if China’s true GDP numbers are not fine.

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  13. the boost

    china ? who dey ?

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  14. Heisenberg

    why does everyone put so much onus on China’s numbers??? They’ve been lying the whole fucking time and we know that..hello? Communist country? They can say what they want! No QE or coke left on the table and we’re grasping for straws…

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    • the boost

      i dont know..im watching the jpm earnings tomorrow,more important to me ..if it is bad i will be shoving big time into well my favorite ..

      100% cash sold my faz ..looking to shove

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    • Testicules

      Not much else on at 10pm?
      Cajun Justice?
      Rambo?
      Auction War/kings/hunters/seekers/pilfers/punks and pundits…!??

      FOLLOW THE MONEY, CNY moves the cash : AUD,EURO,JPY,US
      Could be the mover for an over seas rally of sorts.

      OR,
      Could just add fuel to the fire and stir the smoking embers one more time

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  15. Heaterman

    Tomorrow is after all Friday the 13th. Who the flip knows how many superstitious traders there are? Chinese superstitious?

    Just sayin’………

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  16. xxxHuggieBearxxx
    xxxHuggieBearxxx

    The world seems to be on the edge of collapse. Unless the Bernanke can cross-over from monetary to fiscal stimulus, we are fucked.

    Quite honestly, even QE3 would only have a sharp, but muted and limited-duration impact. Money is fucking free at this point…making more of it available in theory, but without putting it into pockets in practice, is only a short-term trading event at most.

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    • the boost

      what they should do is pay all goberment employees with the freshly printed money for 5 yrs and have no federal tax for the huddled masses for 5 yrs also ..gets the money into the economy and you know the rest

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    • mickeyd

      oh stfu..shove that whiney shit someplace else. or better yet..buy yourself some razor blades.

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  17. xxxHuggieBearxxx
    xxxHuggieBearxxx

    I need EXK to announce some unbelievable numbers on their mine acquisition tomorrow…should be an interesting day.

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  18. pedro

    Fly,
    Just got back from Turks and Caicos. Great time! Amazing food. Coco Bistro was phenomenal, and Bay Bistro/Caicos Cafe were stellar. Villa del Mar is most definitely the place to stay. Thinking about going back again next year.

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  19. kelkun

    “I hate when people write or say “all eyes on ‘XXX’”. Therefore, I just wrote it.”

    I hate that especially because as soon as that news comes out, within seconds there’s a knob writing “now all eyes turn toward…”

    It’s a farce.

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  20. gravestonedoji

    $WMT Saves China! Beware next Quarter though. America’s main economic engine (extended unemployment benefits) is about flamed out.

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  21. razorsedge

    protection is the real value in this mkt. you can say this is whats gona happen, but in reailty you dont know shit. it is what it is. you can bet one way or another, but u dont no shit. its commin get your shit in order.

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