TLT is north of $130 and stocks are barely down. This, of course, is fucking horseshit and something will give soon. You cannot have a massive flight to quality and higher stock prices. The world as we know it doesn’t work like that.
On one hand, I don’t want to miss out on all of the gay (no homo) fun. But on the other, big red lights are flashing in my head, screaming DO NOT BUY, as TLT punctures new highs.
The only sector that might do well, even in a calamitous decline, is gold/silver. According to the textbook, they should be getting their brains blown out, right about now. Deflation is not exactly a good thing for inflationary hedges. However, investors these days seem to take a different approach to precious metals. They’re being used as de-facto currencies and the miners are levered bets.
I still like EXK here.
In summary, this is fucking hedonism, you pigs. You cannot have your cake and eat it too.
If you enjoy the content at iBankCoin, please follow us on Twitter
Foist….
You bother your new neighbors yet with some of that rap music?
Mrs. Fly doesn’t permit me to listen to such delicacies. I only listen to that modern day opera in these confines.
Is this Mrs Fly?
http://tinyurl.com/79ogne4
LOL
Short the base metal miners.
Also, the parallell movesort of makes sense if QE3 expectations are what’s driving markets today. (It makes no sense to trade based on QE hope alone, but that’s beside the point.)
Fly, I’m in the bond business and couldn’t agree more. Something is amiss here. The bond market normally is where the “smart money” is. Guess we shall soon see.
Well said.
Congratulations on completing your move.
Did you at least tell your neighbor Steve you were moving?
I never understood that expression “have your cake and eat it too”. Whats the point of having cake if you can’t eat it
Mutual exclusivity
Steve hasn’t been around these parts for months. He must have moved to Israel waiting for the messiah to come.
Fax@ $22.27 in….. Lates
Do the fucking Hugh, bitches.
No comment on Barton?
RIP Barton Biggs. Many great calls over the years.
In my humble and usually incorrect opinion regarding the equities… massive short balances in both NYSE listings as well as EURUSD may launch retards stories higher before the election, and fiscal doorstep, chainsaw arrives.
the fed said they will sell low end and buy the high end. this was one of the easier trades this year
You mean the easier trades last year?
The only thing the Fed said this year is, “we’re finishing what we started, when we said we’d finish it.”
That doesn’t necessarily guarantee treasuries keep collapsing like this.
Look at WMT, this says that we need toilet paper and light bulbs even if the market tanks, forget about gold, WMT is the new gold.
Don’t forget about all the beautiful people who shop at WMT.
They wear clothes that make my crack look like Sunday’s best.
After this market craps, that toilet paper is going to come in handy.
If WMT is the new gold, toilet paper will be the new WMT.
Stock up now. Shitfest is coming.
it seems the powers that be want us to be in stocks, but the people are running to safety . if the smart money is looking for return of capital instead of return on capital who am i to argue?
Don’t fight the FED. EVER! TLT is manipulated. You have been warned.