The ultimate show down approaches, with the month of December. Billions of hedge fund dollars will go back to work this holiday season, in a last ditch effort to chase performance and salvage the year. The overall economy is “meh”, but the stock market is fixed–helped by the Fed. That’s the upside.
The downside is a tragic amount of tax hikes looming in 2013. Most people believe there is no way the government will let it happen. Why not? It will add $500 billion to the “revenue side”, alleviating budget constraints, so that the government can spend even MOAR.
Ask yourself these questions:
Did the government fuck up with the TARP vote?
Did the government fuck up with the debt ceiling extension?
Those were simple, straightforward propositions. The fiscal cliff is far more complex. I am expecting a dysfunctional government to once again reemerge as the dominant factor in fucking shareholders.
I’m already at 40% cash, so there isn’t much for me to sell up here. I might even take out a few trades, providing the uptrend continues. But rest assured, your government will fuck this up and markets will panic because of it.
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that does not even include european problems. greece already got 700 billion euro from the bundesbank, prior to any bailout package.
Fiscal cliff is main problem.
yeah just fight debt, with more debt.
Fighting household debt with government debt, unless the fiscal cliff isn’t resolved.
WE drive off the fiscal cliff before fixing it next year, along with a debt extension deal. So the market will drop off the fiscal cliff for a short time there too.
Buy the special dividends.
as far as ‘chase for performance’ in a short amout of time, i think the coal sector is ‘due’ for another barbecue of shorts..for a trade
WLT can to from 29 to 34 in 2 days imho
I had always thought that the fiscal cliff would be latest in a string of “chicken little” scenarios we have seen. Then, in the last gasps of tension, someone would blink and solve it all. However, yesterday the BoE hires Mark Caney to be Govenor?! WTF? What hideous turds are lurking near the rim of that toilet bowl that they can’t deal with it internally? or is there a storm comiong that they can’t weather on their own? I have not knit an nice new bear suit out of human hair acquired from my local barber shop. ….GROOOOWL!
Goldman for the win
DECK-getting a lot of upgrades lately.
Did the government (Republican Party) fuck up with the TARP vote?
Did the government (Republican Party) fuck up with the debt ceiling extension?
…YES
Senor, toothpaste: fluoridated or non fluoridated?
GNRC-up 8%
After announcing that insiders were going to sell 11,500,000 shares the stock tanked yesterday on the news! After the market closed yesterday, GNRC announced that they were withdrawing the secondary offer of shares. I guess management did not realize that it would impact their shares so much.
Fucking Dummies!
DDD-I was hoping that Douglas House’s second negative article regarding DDD would offer a better buying opportunity today. The stock was down as much as 4% today but recovered at least 1/2 of that. Not enough for me to bite. I guess you can’t fool the fools twice!
DDD-discussion between Gray Wolf and Douglas House.
Gray Wolf: House, that last article you wrote was not enough to cover our short position! We need more!
House: I’ll see what I can do.
The performance anxiety starts to build among fund managers.