Many of you are discounting “The Fiscal Cliff” as something to mock.
Dear friends, you are going to be enveloped in big government bureaucracy. All of the joys and splendour enjoyed under the Bush administration will be gone. A new era of higher taxes and punitive regulations awaits you and it will change the way you invest; you just don’t know it yet.
Companies will reduce and suspend dividend payments and newly forged healthcare dictatorships will force companies to contract their labor forces. Only thanks to the Federal Reserve and cheap money do you escape the pain of American austerity.
Having less than 20% cash, invested in high beta names, I am hardly in a position to claim “conservatism.” However, “The Fly” has plans for the month of January. I’ve told you many times before, the month of December is a non event. If it was a person, it would be called ‘persona non grata’.
The cold winter nights will reveal themselves in full force, only after you’ve inebriated yourself stupid, celebrating the new year.
I was +1.8% for the day.
If you enjoy the content at iBankCoin, please follow us on Twitter
the markets have broken the crude correlation, if only temporarily – momentum of money is building, and behind that big time inflation – both are bullish, though civil strife will exist –
someone’s going to be taking it in the tailfeathers in the new year, “the 2%” or the middle class slave race – who will it be and how do we profit from it – that is the question –
“Being “+ 1.8% for the day” is fine, but how many longs and how many shorts do you have?” – Hedgehog
I been trying to mock mocking but do realize sarcasm does not translate well to print.
As IBC elections near I thought a questionnaire (like the League of Woman Voters does) would help us in our decision. I know all are very good at the financial stuff, but what do you know about the real important matters. Please post your answers for our review.
1.The color of Fly’s old radio.
2. The name of Fly’s best friend and favorite neighbor.
3.The name of the NE US National Park (in Maine) where Fly vacationed a couple of years ago.
4.The physical disaster that happened to Fly when he vacationed at a water park several years ago.
5. The ingredients in a Cuban sandwich (wink wink Raul3).
6.Mrs. Fly’s favorite grocery store.
7.The kind of exterior lighting stolen from Fly’s house.
8.The blogger who is Fly’s enemy (think a motorcycle).
9,The Company that makes Fly’s favorite pencil (think a campaign slogan from years ago).
TY
Correction to No. 9- Think of a Fort and town in upstate NY.Scratch the campaign slogan tip.
5. Pork, good pork, and lots of it. It’s all about the pork TC.
Wow, TC you should do Fly trivia. I am impressed with your memory.
Oh yeah, I almost forgot, that’s because you’re an attorney.
I do believe it is time to crank up the “Fly Bus Tour” just like the Peterman Tour Kramer ran on Seinfeld.
Show the tourists (for a fee, of course) the basement apartment you lived in trying to scratch out a living, Granpa Fly’s residence,the Staten Island home, the Dunkin Donuts store you frequented, the various manholes old men were tossed, etc.
I see a big demand.
1 black and white 2 steve 3 acadia 4 flood 5 mark 6 whole 7 christmas 8 cramer 9 ticonderoga
guessed most
You got 4 correct UncleHar- did get a couple of the more difficult ones.
I thought the Blackwing was his favorite pencil. Great quiz though
I stand corrected Fidel. Blackwing is his favorite pencil and I was under the assumption it was made by (Dixon)Ticonderoga ( was part of the discussion when mentioned by Fly months ago).
Maybe it’s because the Dixon Ticonderoga HQ is 5 minutes by my house (and almost hit the other while on my bike by a maniac driver).
No, 9 is thrown out. TY Fidel.
I can’t seem to post because of awaiting moderation but I tried submitting to the TC quiz around 5pm. The radio was blue. The neighbor is Steve. The park is Acadia. The waterpark answer is sunburn or being embarrased in front of the lifeguard by his kids knocking him over coming down the water slide. Cuban is obvious- pork, ham, swiss, pickles, mustard, and sometimes salami. Whole foods is the store. Solar sphere were the lawn items. Ducati is the enemy and the pencil is Blackwing 602.
I’m having a terrible fucking time trying to post on this site, but the missing ones are blue radio, sunburn (or getting knocked over by his kids coming out of a water slide and getting embarrassed in front of the lifeguard), solar spheres, ducati, and blackwing.
I keep getting awaiting moderation, but I originally posted this around 5pm:
1. Blue
2. Steve
3. Acadia
4. Sunburn, and knocked over by his kids (bonus points)
5. Ham, roasted pork, Swiss cheese, pickles, mustard, and sometimes salami on Cuban bread.
6. WFM
7. Solar spheres
8. Ducati
9. BLACKWING 602
The Real Hmmm is correct all of the way. Sometimes butter is used on the Cuban and the sandwich is usually pressed.
A true reader of iBC over the years.
Congratulations and maybe you will get on Jeopardy and some of these questions will be asked.
I was + 2.05% today
Then we can all vote for the one with the lowest score– which would mean the person didn’t have time to notice such things, because they were too busy with stock analysis.
Look into PRSC. Very interesting story developing.
Thanks for prsc.
My new favorite stock. No joke.
Agreed. Nice 0 play no doubt.
From that response I guess you also think Coliseum Capital will turn this business around and sell it to private equity the same way it did with rural/metro.
At 5% margins and 7x EV/EBITDA we are looking at $25. It can go for much more….rural/metro was sold at 9x EV/EBITDA.
Timeline is one year however…so it’s a buy and hold.
Good luck with the trade!
MCP fires CEO. Was he bonking the hired help again?
MCP-Down 9% AH
Molycorp Ousts CEO; Names Director as Interim Successor
http://www.nasdaq.com/article/molycorp-ousts-ceo-names-director-as-interim-successor-20121211-01227
Must have something to do with the SEC investigation. This might be a good buying opportunity if MCP is down 9% in the morning.
This is absolutely a great buying opportunity. Somebody’s head had to roll for the bullshit. Now they can focus on growth.
The “New Normal” will also find academic socialist elite scumbags running for cover as the lunatic Lansing union types demand their “fair share” or else. Starting a class war can be dangerous when you do not deliver the goods. Quid pro quo.
How many union types figured on “four more years” meaning a new life on foodstamps? But if they “work hard” and then by some fucking miracle get to take a “nothing fancy” vacation they will be living the new American dream.
Your team lost. Get over it.
http://money.msn.com/investing/how-feds-next-trick-will-hurt-bonds
(WNR) declares special dividend of $1.50/share. For shareholders of record Dec. 21. Payable Dec. 28
MCP-Insiders are buying up Molycorp including ousted CEO Mark Smith.
http://www.reuters.com/finance/stocks/insiderTrading?symbol=MCP&name=&pn=1&sortDir=&sortBy=
Fly – What’s your favorite alcohol for writing?
I rarely drink, but when I do it’s Earl Grey or Bordeaux.
Throwing my vote for Raul3.
Most of the candidates write well enough but Raul3 is the only one (elizamae on occasion has, also) who has attempted to communicate with us non-PPT types.
The PPT crowd will split their vote, however, if we non-PPT types stick together as a bloc and all vote for Raul3 all the way to the end we can turn this election on it’s head (remember Dewey-Truman).
Let’s get some respect here and vote for Raul3
I would like to add question #10 if you don’t mind – What was da Fly’s most embarrasing moment?
“All of the joys and splendour enjoyed under the Bush administration will be gone” …so you mean tapped phones, two wars, increased bureacracy (see Homeland Security), Patriot Act, etc…am I missing something?