When the Bush tax cuts went into effect, sometime in late 2002 or early 2003 (I’m getting old), the markets blasted the fuck off. Markets loved the idea of lower taxes, especially on dividend income. I can’t help but think, no matter how AWESOME AND AMAZING higher taxes on the rich are, this is going to fuck markets. Look at what companies are doing now, rushing to pay out dividends before the year ends. The tone is slowly changing right before our eyes and it will crest upon the completion of the tax hike agreement.
The only reason we are not fucked now is because of Santa Claus. The markets are benign, almost catatonic, as is customary during the month of December. We haven’t gone down more than 2% in December since 2002.
I can’t help but believe that January is going to bring hell. This is all very reminiscent of 2007, when I was saddled HEAVY SHORT into the New Year. Stocks were making new highs and everyone was high as fuck on the real estate cocaine train–until 2008 came. I don’t know what it is about year changes, but the market is very sentimental about the calendar. Brace yourselves for a very black January, filled with toxic smoke and chards of metal floating throughout your neighborhoods.
I am so convinced about this eventuality, coupled with the inevitability of us going over the fiscal cliff, I may rescind my promises to “never short the market” and just fucking do it. Stocks will quickly dive lower, as soon as 2013 hits because the forecast is grim.
If there is one thing that is a given, from my reservoir of experience, it is to BEHOLD the month of January, for it brings gifts of volatility and excitement.
http://www.youtube.com/watch?v=U3zW6uRRn3Q
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Thanks Fly!
Would you short individual stocks or the less risky indices?
thanks
zzz
better to do index
Welcome back. Tech is gonna get fucking stomped.
Why the Fiscal Cliff is a Scam
http://therealnews.com/t2/index.php?option=com_content&task=view&id=767&Itemid=74&jumival=9238
Go see WSJ article posted in ibc news.
I trust WSJ over “the real news”
Why do you trust that ozzie bastard to give you your news?
That friggin guy just said we have higher priority problems such as climate change. Better get on that STAT!
Frog is an asshat. No matter what the point of EVERYTHING fraggot spews is ultra leftard. The dude is a robot. Any fascist would love him. Barks when told everytime.
Frog’s views are different than mine, but he’s alright.
May be so. But rarely have i met a person that is “alright” that can not think for themself.
I’ve watched this guy speak on panels of economists a few times, where he (and others) have gone into greater detail about this. It’s actually way more scary as a full presentation. lol
Next year will be 2013… , for a lot of people the #13 represents a bad omen of some type.
Say, January starts off bad. CNBC runs with the jinx 13 attention grabber and suddenly no one wants to own a “13”, Vehicle for example. The anti-Obama-antiChrist Mob link end times with 13 (just in case the Mayans missed and we are all still here mind you)
Can you imagine Friday the 13th of the 13th year?…Sept & Dec
Calm down!
That asshole that blasted his girl then himself with a handgun in KC could affect the gun stock trade. Fucking ass bleeders already demonizing gun ownership on national tv.
Those cries for stricter gun control laws might send paranoid people to there local cabelas to stockpile an arsenal, though.
*their local cabelas. A game.
Long SWHC right now just not sure if this is good or bad.
The 80,000 pd Gorilla in the room
is the welfare queens and illegals that are squeezing us by the balls, draining us dry. The Repubs don’t have the guts to talk about it and 0bama knows it.
So 0bama can paint them into the corner as angry rich white men willing to throw Grandma down the cliff in order to make a few extra dollars.
So we get the worst of both worlds, liar democrats and pussy republicans.
Sounds like someone may have visions of the VXX dancing in their head. Perhaps that is the stocking stuffer of choice this year?
Decker’s Receives Positive Mad Money/Jim Cramer Mention -CNBC
Jim Cramer on DECK
http://video.cnbc.com/gallery/?video=3000132883&__source=yahoo%7Cheadline%7Cquote%7Cvideo%7C&par=yahoo
What does the market see as a worse? Cliff diving or tax hiking?
Ridiculous Fly – Obama and Ben have come this far and printed this deep, to allow this silly fiscal cliff thing to derail the “inflate til you die plan?” No Chance.
The dollar has clearly put in it’s yearly cycle high weeks ago and is now right on track for new lows.
This Forex Kong guy is nailing this comparitvely and is positioning for new highs in equities and new lows in the dollar.
Think about it! Ben’s new cash hasnt even begun to hit the market! – Januray gonna be up up up !
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