This tape has all of the earmarks of a market about to swan dive lower. Housing related stocks are getting crushed, as evidenced by USG, BZH, NSM, LPX etc. Take my word for it, the underpinnings of this market are coming apart.
My biggest short, AG, is bouncing after yesterday’s debacle. But it won’t last long. The stock, in my opinion, is heading for a 12 handle.
Nonetheless, I don’t want to confound anyone with my current positions, whether it be soon-to-be-bankrupt banks stocks or short positions in ridiculously hideous retailers. My true position is patience, waiting in stead with a 60% cash horde, prepared and ready to buy margin liquidations at a blink of an eye.
I am overjoyed (no orgasm) with pleasure to see housing stocks get crushed, since I want in on the big house rush of 2013.
Let there be blood. “The Fly” is a vampire who feeds off the plasma of others, immortal and immune to all things–with exception to apathy.
http://www.youtube.com/watch?v=Bkd6Vv5dWy8
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MCD hits 100. Nice.
That woman has a enticing “come-hither” look
Just got my Money magazine and the cover page is …
“Housing is Back!”
Herr Fly Schadenfreude
SIR Fly… Whatcha think of Eldorado Gold $EGO down here?
No good
Thx Fly. A Random thought by the way, if you “evah” search for used auto parts in NYC, (call junk yards etc) and they do NOT have the part you need, my experience is that the answer given is ALWAYS ‘no good’, never, ‘we don’t have it’ or ‘sorry’ etc., don’t ask me why…