I’ve discussed this numerous times with you: the market is doing the opposite of what it is supposed to do: Costanza style. We all know the economy doesn’t merit a rising market. But there are so many vermin out there, roaches to be stepped on, shorting stocks without thinking.
Early this morning my twitter stream was littered with small men discussing the great decline that was to come. Yet here we are, in the latter part of the afternoon, melting up. I do not take solace in being correct, only in seeing the dissolution of those opposed to my culture.
Having said that, I am experiencing a draw-down of 0.4%, giving up early gains under a mini-barrage of sell orders. Shares of TEA, VHC, CTRP, DECK, EL and JACK are lower, but nothing too severe. I am keeping a keen eye on my holdings and have declared today to be “sandwich day,” a day in which I do nothing–exercising the mind to partake in riddles and puzzles instead of financial concerns. I’ve been over-trading, making mountains out of mole hills. Just because your stocks look like shit today, doesn’t mean they can’t boot stomp higher tomorrow. Look to JVA and GMCR as examples.
I am looking forward to CPST earnings tomorrow. I sense the company is on the verge of something significant and will hold my million share position into the fire. At the time of this post, EXK was my largest position.
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Happy Sandwich Day!!!
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GSVC earnings after bell. Should be interesting at the very least.
A “D-Cup” Double top forming in the S&P.
Not to $hit on the parade here, but money is money, and the weather in the middle east will start cooling. Think war.
Finally, silver is crossing numerous moving averages.
Many people are treating PM’s like an ex lover. No more textual experiences. Slandering the commodity like it contracted herpes.
It’s an ideal hedge given geopolitics at issue.
Raul please report to the V.Kingdom…
Hoping for another “hint” from the PPT as to when I can short GMCR again.
My Ups RAX BCE STX and MITT (no willard)
And if I was in the area I would get a corned beef on rye at Sarge’s Deli.
It won’t kill you to indulge once in awhile.
http://www.yelp.com/biz_photos/jNRT5vY1Hvp5WDTaHy4Mhw?select=9NbWmTnP3N3VUcsWaPCz3g#9NbWmTnP3N3VUcsWaPCz3g
And keep the pickles coming- ty very much.
You are officially invited to join the V.Kingdom
~RSVP
You are up to 2.2M right now but don’t worry, when re-elected 0bama will impose the 75% “France tax” on you so that you drop back into the more managable top 5% bracket. Besides, you didn’t build iBankCoin, somewhere along the way you had a teacher in school or a postman that delivered your mail.
I think the economy does merit a rising market. There’s a lot of smart people out there doing good work.
Starting to look at VIXY & VXX. Always have bad luck with these though…
Can we get some Lil Wayne – Green & Yellow? Fall ball in full swing, the Pack is looking TOUGH.
Viqueens, not so much… Sorry V.King.
And boom goes the dynamite, PANW.
May 45lbs plates fall from the sky on all my enemies…
Viqueens = Vikings = Minnesota Vikings. Get it?
Very Cheesy indued…{sic}
‘merica, mind your manners, lest you implore me the satisfaction of showing you a pillory.
Where, possibly, Pulp Fiction flogging shall commence.
Repent. Sinner. At once!
-Sur Platonic.
I feel sorry for your mother.
(The wrecking crew enters).
“Time to get medieval on that ass.”
BRA keeps shop.
Not sure if L.A. can be short-sold, but from the ground it’s as if the real estate market just took a serious flush down the Sewer Lane.
I live in LA County close to SB County and short and regular sales are being snatched up like crazy. If it’s a good property, it’s sold within a week.
..which occurred not long after the cops were harassin’ my spouse–for walking while oblivious!
For lease signs and rental property EVERYWHERE!
Here in L.A., the real estate market’s as basackwards as the standard markets. Value means nothing when the banks are hoarding property and the city smells like a sewer with no decent transportation or public services like parks, public space or bathrooms, for instance.
I mean, is it even possible to buy one of those fancy loft work spaces??? I’m still looking, but with bleak cash holding positions, seems like it’s not in the cards..