We’re at Dow 15,000. It feels like just yesterday when Green Writer was predicting the Dow would bottom out at 38, but the real number was around 6,000. The rally is hated because the market is supposed to follow the economy. When the economy is at all time highs, so should the markets. But the markets have deviated, greatly, from the general economy, as of late. There’s no use in fighting it any longer. The middled class no longer dominates and the shadow economy, filled with illegal migrants, is more than likely filling in the void.
The rich have been in a super bull market since 2009. Their lives depend on the stock exchanges, as it is a main source of income and wealth for them. Inside of this world, inflation is running upwards of 10%, with an insatiable demand present for all things luxury and collectibles.
I am allocating some serious money into MU today, not only because of the better than expected jobs numbers, but because they are benefitting from a runaway bull market in their commodity: DRAM.
Observe.
Talking to industry insiders, I got the feeling MU/INTC and Samsung were partaking in a little price fixing. Apparently, Samsung isn’t flooding the market in order to take share any longer. As a result, profits at MU should be fantastic.
I also added to my USG position, off of those incredible BZH numbers. There will be pricing power in wall board. Wait for it.
Benjamin Bernanke has it all under control. Asset prices are rising, ever so swiftly, all the while commodity prices press against the earth. This is a best case scenario for the US consumer. Apparently, someone intends to price that in today.
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IMO the market is too well known. Every chart pattern is known, Every technical indicator is well known. Volumes are supposed to be tells are well known. All this is programmed into every colocated comuter there is. All this wellknown-ness is the reason, and given birth to, the Constanza market. Support levels are the new BTFD. Resistance…. is futile.
Good to see the return of Bernanke’s friend and colleage, the noted economist Rick Ross (aka Rick Ro$$).
Who put the rocket up the market’s ass and the cocaine on the Ben Bernanke’s Bearded Bling Bomb?
Probably the same guy who put the DRAM in the drama llama’s ding-dong, and got the tip, bought the dip-da-dip-da-dip.
(Holy crap. Not only is Barry Mann still alive, he’s still a songwriter with 635 songs to his credit. I’d like to shake his hand.)
You dear sir made me laugh out loud. I thank you. Dip da dip… flat out hilarious!
Not in this column but, interesting to note how many “smart” folks get all orgasmic over one week’s jobs report and associate it with unlimited upside market euphoria, much the same as AAPL bulls at 700. Some things simply refuse to change.
“The quickest way to double your money is to fold it in half and put it in your back pocket.”
– Will Rogers
Check out the option play in TRLA …for two days the volume had been ultra high in both the 30s and 35s and mysteriously…….poof ,the open interest is gone .
Saw this several months ago with Natures Bounty (NBTY ) and guessed correctly on the takeover .
love Chuckie Munger ! the dude is badass! Warren’s evil twin who never bites his tongue
Sell in may and cry all day. The Bernank is gettin’ then bitches.
I know some in the halls of IBankCoin do not believe in a god. I think Benjamin Bernanke is god.
I see you’ve converted to the Timestamp school of thought: lower commodity prices are bullish for consumption. My brain is too small to understand this, in the context of Fed induced growth.
At this point, what commodities are lower, besides gold and silver?
Crude back at $95. Copper and natty blasting higher. It looks like anything industrial related is getting a nice spike (just as ISM reports crumple)
Unless you believe the Fed can thread the needle, there are two scenarios: either we get explosive inflation as the economy roars back or the Fed has failed in its quest to inflate and we enter the deflationary vortex. If the economy is truly on the mend and we are on the verge of 3-4% organic growth-which today’s market action is indicating-we should be seeing CPI run hot. Hardly the case, last month being negative.
Steve Liesman- Please seek medical attention, your erection has lasted for more than 8 hours!
If bernanke is god and fly is god then is FIGBIG or BIGFIG the new moniker for these halls?
Contrarian indicator: Fly says ‘no use fighting it any more’?
All market pullbacks will manifest only in a sideways market forever, even though you may perceive a pullback, your mind computer is giving you false data, please ignore.
erimus vobis divitibus
seems like smart money got in dec/jan rode it up..and should be trimming big money now,but that wouldnt be too boring now
Not too sure ’bout those picks or Bitcoin. But i’m now a follower.
http://www.GurmitBhatia.com
http://www.youtube.com/watch?v=osUGZ7_fhUA