I caught some really bad luck with AKS. Those fucked faces chose to issue an earnings warning today. Had they just shut the fuck up for a day, I’d be 9% to the good right now. Instead, I am off by 9%. I can’t complain too much, after an electric week– +34.5% for the year. I saw my assets rise and rise again, all thanks to turmoil in the middle east, Obama up in the polls and the Fed doing a little QE3–unlimited version.
During lunch today, I was sitting next to some broker. I can smell a broker out from 100 yards away. He was meeting with his old fucker of a client, discussing horseshit while praising himself. Note to young punk brokers starting out in the business: don’t try so hard. Your clients are just people, not Gods. Their net worth is only a small part of who they are and when you come across as “canned” or scripted, they know you are a piker-bitch-cocksucker. I fucking hate brokers and make it my business to scowl at them whenever possible.
As I prepare to leave the office, I see the market is reversing lower. I am not concerned and this is to be expected. Look at bonds, via TLT. Absolute carnage. People are taking profits. However, the point remains, we have at least six months of unmitigated upside in this market. Position wisely and take profits along the way. But rest assured, the Fed is going to make sure asset prices rise, in order to propel GDP higher.
Top picks: ATML, PPC, DDD
52 Responses to Six Months of Free Money
Bonds are now deemed “uncool”.
Comment: You have completely nailed the last few month. Absolutely awesome!
Suggestion: New site is great, but I liked being able to toggle between “next posts” and “last posts” Now it just lists last posts.
Question: Are you considering buying some gold/silver/miners? What is the rationale for your action?
I refuse to address these questions for reasons too private to reveal.
Of course he’s going to buy (MORE) gold and silver miners!
He’s not MAD you know!
YELP to $32 here FLY. Get on that train.
You work in an office????
Don’t you find alot of the commentators here doing the same thing to you as you describe the broker??
Not in the least, fucked face. And to answer your previous question pal, only vagabonds and vagrants don’t have offices to work out of.
I am who I am.
I “don’t try hard” at all (no “piker-bitch-cocksucker”).
LOL. You and Fly are brothers under the skin, TC.
Do you own your call letter, btw?
Translation: Do you own TC caddy?
Thanks for translating JakeSpeak.
It can be confusing some times.
I think it comes from a New Yorker moving to the South.
Yes, I have lost “the city” and acquired “eccentricity.”
No offense Fly.. Just figured that a Space Alien Magician with a time machine ‘transcends’ offices.. That is all. I wouldn’t know, I’m the vagrant Mrs Fly contracted to weld your shit, my office is iPhone 5…
My office happens to be in my house.
Fuck brokers, and sell side motherfuckers.
Hey now… !
Everyone sells, believe it.
Louisville FB looking good this year.
We’ll see tomorrow against that giant NC o-line.
Just hate the culture, in about 90mins they will all be at the bars acting like they are 6’5″ instead of 5’6″. Nothing against you bro, I’m talking GS and MS types.
Punch holes through them Rhino!
The only way I know.
I eat bodybuilders for breakfast, pal.
I know a trader that just got fired from MS. Either they are downsizing or the dude is an idiot. I’ll go with the idiot theory. If he wasn’t leveraged long he was leveraged short, he must have convinced his boss that he had a magic feel for market timing. Didn’t work out to good, now he’s crying in his beer wondering what went wrong.
Nothing like a little liquid superman, tonight I curl 12 ounces of Budweiser, _The_ King of Beers.
What a relief to be back in the greatest country in the universe, where we have toilet seats in our lavatories and we don’t have to pay 0,20 euros for a packet of fucking ketchup.
The last two days have been spectacular. I own all the major gold and silver names, plus some “small bombs.” I won’t waste your time withy that.
I also own tonnes of TC, AVL, QRM, the whole (formerly) shit show.
Oh yeah, and a bunch of TBT too.
And yet, I am filled with meloncholy. I know this shit can NOT end well.
It’s gotta go at some point no? Your silver be rippin.
But it’ll be awhile, not ’till after the election, for that tape to play out, right?
So which point you gonna take profit on NAK, 6,12,16 ? Thanks Jake !
My Uncle Fly says it goes back to 20, but I will prolly take some beard off at that point.
One can’t have too long a beard.
Thanks Jake. I’m dreaming 10ish. I’m a humble being : )
propel GDP higher. nominal or real? Nominal yes, real doubtful
Great week. Congrats to all that made $.
very great tune..
These last two weeks have me looking to buy a second house.
My hood is cheap as hell.
But to that regard, isn’t Benjamin putting a good pump in, if I want TWO money pits? I mean, I bought the first one in February!
Which side of Detroit do you live in?
You can buy a whole block of De-twat for $1000.00 these days
worst mistake EVER was buying “income” property…renters are fucktards plain and simple, make friends with a Lawyer (you may need more than 1). Most tenants are angry to the core that they cannot “own” anything and hate the thought they owe you money EVERY month, so they break shit….then they just dump shit in places you didn’t think shit would fit….then of course it’s up to YOU to get it fixed pronto, so they can break more shit
Tenants are a pain.
But worth diversifying.
Hiring managers puts BS buffer from renter playing games.
NOLO has great clauses. Much cheaper than lawyers, similar outcomes.
Pre-qual. employment and reference is critical.
Why are most of the kids I come in contact with so liberal in thinking?
1) Not everybody needs that much so let’s take from the top and give down.
2) People will naturally want to do what’s right for society. It’s not all about money!
3) It’s okay for the middle class and higher to give up a bit of comfort so that others below them can be comfortable too (especially those who can’t afford the comforts you do!)
How come none of the kids who are telling me this seem to have jobs or the desire to work?
Why do they insist I watch Food Inc but then go to Taco Bell?
They watch TV shows and think their lives should be like that.
I believe many of Ron Paul’s constituents are young as well. Mixed bag. Probably depends on which part of the country they’re in.
It’s been a happy circle jerk week. People exchanging 100 dollar bills like in Donnie Brasco. Congrats to all who profited. I got my ass kicked being short but next week is all red, blood red.
The only thing blood red next week will be $TLT and the steak tartare I consume, purchased from the proceeds of ass raped equity shorts. I may wear a Bernanke sized condom to be civilized about it. But maybe not.
Last I looked, the stats said there were not a lot of good paying jobs out there of the type where people can afford Whole Foods rather than Taco Bell.
If they think, “People will naturally want to do what’s right for society. It’s not all about money!” it is because they have not grown up yet, & certainly have not closely watched a politician.
if they think “It’s okay for the middle class and higher to give up a bit of comfort so that others below them can be comfortable too” maybe they are following a guy named Jesus, who said to feed the hungry, give drink to the thirsty etc.
And maybe they do’t think that big borkers do much that is socially redeeming or helpful, in order to deserve their multi-million dollar bonuses, and super low tax rates, after having been bailed out by taxpayers.
A guy I know with a sandblasting business figured out a way to get SSA disability income. He pulls in $100K/month, and I’m sure he will keep the business working.
Six months sounds reasonable. But this is neverending POMO. This clusterfuck should have more sparkles. The new poor will need to learn the ropes of bus riding and EBT card cashing for booze and whores rather quickly. Will follow the Fly’s guidance on this new american dream trade.
Do Ramen spice packs count as stocking stuffers in the ghetto?
The Fly is God.
Where is the FIG post to start this thread? You degenerates are fucking up, again.
Jesus fed the hungry. He didn’t give a mountain of bread to the sodomites, and tell them to disperse it as they see fit.
I’m glad you fuckers didn’t shake me out.