There is one constant in this market since 2009. Going on four years straight, we’ve been grinding higher, with only 2 real declines. If you are still waiting for a repeat of the 2008 crisis, you are not qualified to manage money for yourself or anyone else for that matter. It’s reckless to believe we’re heading down in any significant way, in the midst of a $600 billion+ injection of Federal Bucks into the market.
Housing starts broke out last month, eclipsing estimates by 15%– the highest levels since 2008 (872,000). Anecdotally, from my vantage point, real estate prices are on the rise in the tri-state area. When housing comes back with its full potential, unemployment statistics will shrink faster A-rod’s confidence in playoff baseball.
Romney mentioned coal about a dozen times last night. He’s a coal man, just like me. After booking a 30% gain in ANR for the second time in a month, I now prefer a larger company, with indirect exposure to coal: CLF. JOY looks good too.
We never really needed the economy to come back in order to have a bull market. We have Bernanke for that. But imagine if we had a real recovery, led by housing, coupled with Ben’s printing press?! WTF, say hello to Dow 20,000.
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FTF
Do ya think the stats were leaked = Lumber futures up limit yesterday across the board.
Party on Rick Rozay.
As usual, I am losing money on every single position this morning.
This is Obamas fault.
http://blogs-images.forbes.com/mikepatton/files/2012/10/Federal-Revenue-Tax-Brackets5.png
Thats cuz you been sellin so many damn pizzas
That sucks as I was hoping for an even bigger recession since, according to O’bama, that’s the only way we see gas under $2 per gallon.
I’m really hoping that the rip-roaring economy in Europe starts to tank so I can avoid $8 gallon gas when I’m over there this winter.
never heard of “demand destruction?”
The O was absolutely correct on that one …
I have.
I’ve also heard of ‘malarkey’ and more importantly, ‘asshat’.
2016 = Dow 40,000
Slick transition from ANR to CLF.
Dr,
You sound like me 🙂
it is long only market as bull market should be.
One of my babies got taken over today CLT.TO by Exxon +45% on the day.. trading port crossed 93% YTD return… it’s my smallest port though with very high beta plays….
Amazing year for me 5 M&A plays, nexen short while ago and now this…
Happy trading all.
This market sucks!
Fly, where are you on TC these days? Still liking it?
beware the TC pipe!
Yes! bring on another housing bubble. Millions can cash out their equity and use it to buy stocks! Oh, wait… What equity?