I am not going to waiver on this prediction. The market is going up 20% from here, at a minimum. You cannot be short stocks here. I don’t care what you think about Obama or the economy. The “open ended” POMO by the Fed will buoy stocks. You have to be long, with cocks in hand and red bull swashbuckling in your mouths.
You don’t have to buy today, following all of the rookies and vagabonds into heated sectors. But you should see to it to get some exposure as soon as possible, for the market is going up for the next 6 months, into the reelection of Prezident 0bama.
The industries worth buying lie in the basic materials and tech. I do believe coal is buyable, as well as steel and iron, despite Chinese and EPA fuckery.
After I pen this post, I will plot out my investment strategy and start executing on it shortly.
If you enjoy the content at iBankCoin, please follow us on Twitter
$CLF iron ore thrown into the cocaine metal blade fans.
I guess I’m buying ANR.
Fuck you Clam…I hate you. Oil is going to 140.00 so that is the plan to fix the economy…stupid evil Clam.
LOL! a poor prediction on the Clam’s prediliction?
Oops– predilection, my bad.
Totally agree, Central Bank Analysis is my weakest area.
Retail gasoline $5 for holiday shopping
It’s a bull market, you know.
Stay on course!
You bet!
Simple concept… amazing that most do not understand since March of 2009
All follow The Fly! (Preparing to unleash my cash hordes, waiting for my signal…)
DGP profit has been taken, finally…
still holding GLD
Bernake, while being cheered on by greedy so called free-market republicans, just reelected Obama
He didn’t need the help. The bungler from Bain took care of that.
Better yet, the Teabag Congress will have to play ball now instead of taking it home again … Ha!
I regret to inform you that Fly posted the wrong Fed Minutes.
FOR IMMEDIATE DISTRIBUTION
Information received since the Federal Open Market Committee last met in 1932 suggests that we are screwed. Everybody is unemployed or underemployed except for the bandits on Wall Street and senor Fly.
Consistent with it’s’ statutory mandate the Committee will order additional copiers and printing presses from China to start printing more Yuan. Crap. I mean dollars. Additional helicopters will be used to drop same.
To support a stronger economy and consistent with our dual mandate Jake Gint will buy more gold, V. King will lift more weights, and Fly will drink more nasty tea.
Further and to promote more spending The Committee will apply for more credit cards at Target and Amazon. Hopefully, we will be approved this time.
Voting for this was Al Capone, Jeffey Daumer, John Phillips Souza, Barrack 0bama, and Herbert Hoover.
Voting against was Trading Nymph.
Free market, bought-and-paid-for market, red state, blue state, I don’t care as long as my P&L is in a state of green.
Disclosure: Was only 65% long going into this, on account of I didn’t think he’d actually do it. Even thought he hinted as much at Jackson Hole.
I was ODing on clams and stayed 120% in for the move …. Wheeee!!!
A Game fail.
Even *though* he hinted as such. I blame the dusting of stimulus being sprinkled over the economy today.
May the currency wars begin…
Someone pulled the trigger on $DDD
Wow. Surprised by the Fed.
Yep. Election’s over.
4 more years for the HOBOma.
Not after an Ambassador gets killed. Even the hillbillies in Iowa have that one figured out. A round of golf anyone?
I’m pretty sure I’m supposed to act politically-correct in condoning that form of racism and find humor in that; this, however, is not the case.
FLY,
Think you’re right about destination, but believe it will be less than a straight path. QE3 was expected and we’ve gotten healthy bounce. Market will be looking for an excuse to sell off and morons in Middle East may give them that excuse. Personally, I’m taking profits and looking for slight pull back to jump back in for ride higher.
Buying the heavily shorted stuff here.
Let’s see how high gas prices go. Could be an SPR announcement to make Nobama look like he’s got our backs before the election.
At this rate I think $AAPL will beat dow to 16k
Cash is down to 10%. I will post buys soon
Somebody asked me “who are you voting for?”
As an investor… I’m voting for the current guy that is dishing out free money!
Ask me that again when I have no money to invest and I can’t use the gains to pay for my gas and food.
Dude is giving out free money to people who are already rich. And it’s our collective wealth that is being allocated.
I’m not arguing that point whatsoever. Agreed.
>Bernake…just reelected Obama
Romney just reelected Obama yesterday. Timing is perfect from The Clam’s point of view. With Romney’s self-destruction QE3 doesn’t even look as political as it would have last week. What a joke American politics are.
You mean the Senator was wrong anout the Mitten’s attack on 0’s handling of Libya …. Nooooo????
You’re an incomprehensible boob, you know that?
Fuck Obama. POS!
Here we go again…
http://www.prepareandprosper.net/wp-content/uploads/2011/04/Weimar-Germany.jpg
“The Fed should LIMIT this type of purchasing from FannieMae and not from the bankers. That will have a more direct impact rather than providing a dumping ground and golden parachutes for the bankers.”
In fact.. I think most non-investors aren’t aware of this QE thing but will see the stock market as a reflection that the current President is getting them out of the hole Bush dug for them.
In reality, the hole is bigger, it was dug by many past presidents and they are being robbed now but being told they are being saved.
If you are not an investor, or ultra-rich with millions invested. this latest round of QE will hurt you in the long run as the 20% you make from X stock won’t offset the rising costs and hidden inflation.
But what can you do?
It’s not a system design for YOU.
Play the game or get kicked down the stairs as the next player steps up.
+1000000
dow 40k…. sometime around 2016
The inflation will not be hidden.
_____
when gold and oil reach incomprehensible levels then inflation will be dealt with via big & often rate increases … it worked in the 80’s and it’ll work again.
waiting for 1500 to hit 🙂 first
I am 100% cash and I consider this announcement a disgrace. I will not follow the herd on this one and I will rather take an approach of building short positions into this massive rallies.
gld,gold.
Maybe Dow 16,000 by the end of the week!
Fly, could you please post your most recent buys? Thanks.
I am away. They were posted inside Ppt at the time of purchase.
16,000? That’s piffle change!
More like 160,000 in Ben and Barry”s Weimar America!
Fug me!
_______
Don’t fight the fucking FED!
Stay short FakeAmish … stay short my friend …
You are a incredible blogger
I am going out to burn some Korans before OBama apoligizes to mid east countries (E and L) for our freedom of speech and expression. Go Romney
got stopped out of AGQ on tues…missed that run…dry powder ready for the next….Fly??
Does the congress include the Senate? Fuck Pelosi, Reid, and Odumbfuck!
If I were to write an algorithm that went long/short the market based on the music linked to this very blog, we’d be 200% long right now.