We haven’t had a down month since May, when we got poleaxed for 6%. Month to date, the S&P is up almost 3%, pushing new highs, despite a slowing global economy. The stage is NOT set for a big down September, contrary to what many of you bearshitters believe. We’ve had two really bad Septembers over the past 10 years, one in 2008, the other in 2002. Both times the markets were already in sell mode. However, right now, we’re hitting new highs, elated with our good President and Federal Reserve champion.
Decadence has never been gaudier. Immediately, send your pets to boarding school and enjoy a hedonistic and perverse lifestyle with your loved one and tell everyone else to fuck off.
I am looking for a small drop in September, nothing too extreme. I thought August would offer bowling balls to the scrotums of bulls, but their chastity belts proved too sturdy.
Into the bell on Friday, I started a big position in MCK. If the market doesn’t sell off this week, I will sell my HDGE hedge and reallocate the monies long. Plainly, there is nothing to fear but Ben himself. If the Fed disappoints at “The Hole”, there is a strong chance of lower equity prices in September. If he delivers, we’re going straight up for the next six months. That is not opinion, small chap, but fact.
Go do some research.
If you enjoy the content at iBankCoin, please follow us on Twitter
To your point, look for a small drop in September to suck in the bears….and then a massive reversal leading to all new highs and a big run into the election.
This year, we crater into the holidays, post-election.
The big play right now is REELECT OBAMA…Europe will do everything they can to avoid dealing with the wackos on the right again.
Hugster, you say and write a lot of really good shit but, it would be constructive for you to STFU about your personal fucked up politics.
For some retarded reason really smart comment makers in these hallowed halls are 0 ball jugglers. No fucking clue why. They must be trust fund babies. How else is it possible?
I turn a blind eye to your support of the right wing Republican crazies and let your stock avarice speak for itself. In an elegant forum such as this, you should do the same. Choosing not to support the spineless Mitt Romney or his libertarian lunatic seems perfectly logical tomany.
Many innumerates..
_______
Allowing Obama to appoint more Supreme Court justices will fuck us all for several generations. It’s really that simple.
Yep.
Most 0-bots are uneducable. There’s precendent, however. Into the late 80’s there were still some in the American Left making excuses for the murderous Josef Stalin.
No joke, read the history.
_______
I am just creating entertainment…i knew that comment would get a rise out of some folks.
I agree with everything i said, but that last bit doesn’t necessarily reflect my sentiment, but i do believe it reflects the sentiment of european leaders and i do believe they are getting squishy on bond purchases to goose the markets to clear Obama for another term.
not Al Swearingen says:
I can’t believe that some Americans are shortsighted enough to be unable to resist eating 5 lbs of fuckin candy just before bedtime when we know we already have diabetes and need to lose wait. Of COURSE the eurofags want this cocksucker re-elected so he can continue his leftist socialist extremist policy both domestic and foreign. Not just the eeuro-cocksuckers, but all Americas enemies, from radical Islam to Russia are lined up hoping HUSSEIN obama wins – as he told Medvedev on open mike (I cant believe this didn’t awaken everyone yet) “I’ll have more flexibility after elections” – can you imagine what that cocksucker will do unimpeded by re-election concerns in a second term? Don’t be a cocksucker, vote fuckin Romney.
SHIT, sorry cocksuckers thats weight not “wait”
-not Al Swearingfuckingen
What the EU is doing really has nothing to do with saving O-bamer. It has everything to do with saving their own asses from total devastation. They might mingle with the O, but he’s the least of their worries right now.
The tape is a full diaper. Hard to find a bear these days other than the all in crowd proclaiming such.
>The tape is a full diaper
I like this analogy.
This is so easy it’s sick! Buy and Hold on STEROIDS.
(unless it’s ATPG)
“This is so easy it’s sick! Buy and Hold on STEROIDS.”
+1
Good ol’ MCK. I’ve been in it since $66. Sold off around $90, and recently bought into this most recent drop in prices.
Should’ve went all in on AGQ, but didn’t have the balls. Damn…
Never go “all in” AGQ, even in a good silver market.
Better to go the long term on SLV.
____
The Dems have done a good job of quieting down the occupy crowd this summer.
Look for them at the conventions.
Already making trouble, from what I hear…
_____
OEW Weekend Update:
MEDIUM TERM: uptrend
Medium term support remains at the 1386 and 1372 pivots, with resistance at the 1440 and 1499 pivots. The internal count we have been tracking for this Major wave 3 uptrend continues to unfold fairly well. Major wave 3 is naturally dividing into five Intermediate waves. Intermediate waves i and ii completed at SPX 1363 and 1309 respectively. Intermediate wave iii has been underway since that low. Intermediate wave iii is subdividing into five Minor waves. Minor waves 1 and 2 completed at SPX 1375 and 1329 respectively. Minor waves 3 and 4 appear to have recently completed at SPX 1427 and 1398. Minor wave 5, to complete Intermediate wave iii, should be underway now.
Should the recent SPX 1398 low hold for Minor wave 4, this projects Minor 5/Intermediate iii will likely top in the SPX 1460?s area. Also, at SPX 1469 we have a fibonacci Int. wave iii = 1.618 times Int. wave i. As a result we lower our original SPX 1470 target for Intermediate wave iii to 1460-1470.
http://caldaro.wordpress.com/2012/08/25/weekend-update-359/
Once we see the 1460-1470 area we should experience the usual consolidation via an Intermediate Wave4 followed by an Intermediate Wave5 rally and the completion of Major Wave3 into the year end with the target being the 1499 pivot.
Then a good Major Wave4 correction and the final leg (Major Wave5) up to around the 1545 level mid-late 2013.
Are you still holding MRVL and do you plan to hold until next quarter’s surprise earnings beat?
lol.
Yes, I still own it.
Ben won’t disappoint before elections since his job is on the line. I’m buying the blood in MCP. Apparently, so are the insiders.
If this turd stays solvent it could be worth a shot. Insiders have bought in small pieces the whole way down. Not exactly reassuring but 9 is cheaper than 40 or 20 or etc.
Oil Rally nothing more. Central Banks don’t have their power anymore… Oil Rally in 2008 Sept too…funny how this repeats itself.
btw, Regarding that AAPL case, the Foreman on the Jury is talking about how he used his Patent Expert Knowledge in the Jury Room per News Articles tonight…if true,IMHO I would be expecting a filing of a motion for a New Trial based on Jury Misconduct on Monday based on that if it is true…Judge should grant it too if it is true.
If what what was reported was true you would be correct.
The other jurors in the jury room would be looking to the one juror with the expert knowledge for how they should think and vote.
Not sure why they didn’t exclude him from the jury.
One time I was on a jury(criminal case) and when we were back in the room the others wanted me to be the foreman (foreperson is pc term) and wanted me to go first with my opinion-I am an attorney.
I declined on both since I knew they would be unduly influenced by my opinion.
Trader..It is always funny how many of us Esq are drawn to the game, I think we secretly crave the abuse we got in Law School, lol. FWIW, I would have kicked you off, I am surprised they left you on? Crim Law is what I use to do before I was made a Free Slave.
You must know something I can’t see about NFLX.