There isn’t any momentum, aside from a select handful of banks making incremental moves higher. We are continuing the pattern of yesterday’s losers being today’s winners and vice versa. This chop fest is mincing self directed investors to the point of horror, ahead of an election that is sure to add fuel to the show.
I have no idea how the market will respond to a Romney or Obama victory. All I know is that a Romney win is a victory for the good folks down in West Virginia.
I have a 20% cash position for a specific reason: to buy the blood.
I could very easily lift that amount of over 40% with the sale of one, singular, security. However, it’s become a bit illiquid at the moment, busy dealing with the perplexities of litigation and such. I scored a minor victory with ANR, but that has been offset, AND MORE, by the decline in silver–plaguing the shares of EXK. Nevertheless, I intend to buy more EXK into this decline.
DECK is bouncing for a second day. The winter is coming and it’s going to be very, very cold.
All in all, I am down 0.6% today and hating life. Back in the days of three weeks ago, “The Fly” was on top of the world, throwing champagne parties (no Treu), painting the walls with fossils. Now my walls are lined with shit and I’m drinking a fucking Calvin Cooler.
http://www.youtube.com/watch?v=Ah14jOLKnSs
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Shorting more LNKD
I miss the party life with Jason Treu.
Love all you guys up there Scotty, Chess, Fly… (no Travolta)
Have good weekend !!!!!!!!!
$AG > $EXK, short and long term
Nevertheless, I intend to buy more EXK into this decline.
Wise.
RGLD on sale today as well.
Buy it for your grand-maw maw in West Vahginny!
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Sure took a crap since this morning.
welcome to the “Obama is gonna be el prezidente for another four years” selloff
I’ll take the other side of that bet.
I’ve been hearing a lot of people say that Sandy will help Obama and that will push him to victory. I’m not claiming that’s your argument but I think the swing states now lean Romney and I would be (I am) buying coal right now and into Monday/Tuesday of next week on weakness as the “Obama gonna win” mantra is heard across the land.
I’d play some November calls options on some coal names as well since the price weakness and short duration will give the biggest bang for the buck.
If I am wrong, I’ll have a lot more to worry about than some losses on coal stocks.
http://core.talkingpointsmemo.com/election/scoreboard
The Market being down today is telling you that because of the jobs numbers that Obama has most likely secured his position in getting re-elected. If the jobs numbers had of gone the other way, I believe that gold and silver would have been up and the Market would have rallied on a Romney win being more imminent.
Most people don’t give a shit about jobs numbers.
People don’t but traders do.
Romney is shit. Pure, dirty shit.
Getting a frisson of the old ultra-violence, are we, me droog?
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todays takeaway: they sold strength..thats all you need to know
Oil starting to look good here. If Romney is elected, we will attack Iran within a year. If Obama is elected, Israel will attack them by summer.
The market smells like swamp ass.
Yesterday’s gains are today’s losses. Sigh!
Beautiful music today….it’s feast or famine here.
@FLY use your words! your penchant to pick me up on shitty trading days (down 1.6% today) is really appreciated. was out a bunch today. returned to the above mentioned decline around 3 pm and was thinking of ingesting bath salts and going for a walk ready to wreak havoc on all encountered. instead i read your posts, smiled, got some perspective, and drank a beer. thank you.
seriously, you fell for the; “this is bottom for sure”, trick. They used it 4 times this week for christs sake…
Does anyone in this country understand the straw man fallacy? For fucks sake people, stocks go up, stocks go down. If you really think the president controls the destiny of the market more than the banks you deserve the fleecing your account is about to take…
Thought you guys were smart. But you allz dumb. Never heard of the shadow govt that buys the elections… bank of international settlements. Go play with your tinker toyz after your circle jerk, little boyz…