So the bankrupt Greek economy has produced a bull market in 2012, with the Athens exchange up 25% year to date. On the other side of the ledger, creditor nation, China, is down 10%. We live in interesting times.
The new head of the BOE is a good ol’ chap from Goldman Ballsachs. Such a brazen act of patronage calls for a 5 second golf clap.
The status quo is the desired outcome here. The power elite want the market to go up, and they want countries like Greece to default, without having to actually declare it. Essentially, they want to have their cakes and eat them too. It’s clear to me, as of right now, the market has no intention of trading lower. Perhaps it can trade lower tomorrow, amidst rumors of war and fiscal malfeasance. But for today, we are going north.
I purchased shares of UA–because I like large cap short squeeze ideas. Other stocks that fit the criteria are LEN, LULU and FB. Out of 4,000 stocks in The PPT database, just 4 fit the large cap short squeeze criteria–definitely something to behold.
I added to my SWHC position because the south is going to secede from the union and march an army of militia into DC to arrest President Obama. I cannot think of a reason to sell RGR, SWHC into economic and social upheaval.
Lastly, I’m a big fan of the homebuilders, and anything to do with construction. I haven’t ‘sacked up’ yet to buy into the bull run, aside from the occasional BZH trade. But it is my belief that residential construction is on the rise again. Homies like BZH, HOV, LEN, RYL, PHM and SPF should continue to rise as credit becomes available to qualified buyers. Inventories are low and rates are a steal.
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Let them eat Twinkies!
A steal is right. Just refi’d at 2.75 for 15 yrs.
The market is kind of like the Bubble Boy world. Insulated from reality. But, sooner or later there will be shrinkage. Like a frightened turtle.
FSLR! Sun Powered Potato Canons to defend against the seceding hordes of the south.
KDog…where the HECK do you live? ..I can’t get those numbers in NY!
Miami, FL
there are plenty of qualified home buyers in FL.
In 2012 in the Miami area, 20% of the buyers are from?
Brazil, of course
…and they either live on Brickell, Miami Beach or Doral. A lot of South Americans in Doral.
A 1970 grad of Southwest Miami HS here (before they put up the razor wire to keep the students in). Grew up off Miller Road (SW 56th) and played many a pin ball at the UM student union.
I recall when Dadeland was just built (wasn’t enclosed) where there were pole bean fields at the end of two laned Palmetto.
Shorty’s was always there off US 1..
Good to meet you TraderCaddy. You’ve got some years on me but we grew up around the same place. I went to Columbus but I had many friends that went to Southwest. My parents went to Miami High…it was the one of the only HS’s around at the time from what I understand. Southwest must have just been built when you attended. I’ve seen a lot of change in my years but not nearly as much as my parents. This place has changed a lot for sure.
Columbus had pretty good sports teams back then. Andre Dawson, the ex MLB player was in my class as was Illeana Ross who is a big deal now in the US House of Rep. She was the editor of the paper and I was the Sports Editor. We enjoyed the runs to Royal Castle on Sunset Drive.