I’ve never seen such a tape as docile as this one. In the best of markets, the pullbacks were always ferocious. I recall a half dozen times longing to throw myself into a lit fireplace, for the losses that I had endured at the hands of Mother Market. Yet, here I am, clearly without any lasting wounds to speak of, discussing the vagaries of this penis sucking market.
Now to the point: I’ve been spending greater lengths of time inside the 12631 trading room and intend to do so for the foreseeable future. It is a unique place where ideas are shared and money is to be had, run by ChessnWine and RaginCajun. Because there is demand, I am going to run a promotion soon, so you can see for yourself what you’re missing out on.
I’ve recently dedicated to changing iBankCoin back to the ways of the old, focused much more on actionable trades, talent in the markets, less so in the art of writing. As such, we’ve added The Option Addict, The Devil and RAUL to the staff. I will be inviting whoever I feel can offer some value to the readership, on a regular basis, also discarding them as quickly as I’ve procured them when their worth has been spent.
We are going to make a great deal of money in 2013. So help me god, if we do not, I will vaporize North Korea down to its last morsel of rice with my Orbital Space Cannon (OSJ).
NOTE: If ARG doesn’t do “the hundy roll” withing 30 days, I will castrate myself.
http://www.youtube.com/watch?v=RW3Y4OuTPHQ
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I see futures down only a few handles
I’m pretty hype for the 2H’13 of iBC
closed my shorts last week, after holding on like a bulldog. not sure that means anything, other than there isn’t much upside left.
ARJ…believe you meant ARG
Thank you
Equities have yet to receive the memo…
http://www.businessinsider.com/global-inflation-surprising-low-2013-5
Metals getting poleaxed. ES looks calm, all things considered. Not saying it’s going to happen tomorrow, just saying that I don’t see how this can resolve itself in an orderly fashion.
Oh, and On the Important Matter of Jobless Claims Trending Lower:
Great note out by Hedgeye about how Obamacare is actually driving hiring. Businesses cutting current staff below 30 hours and just hiring a bunch of temporary workers to skirt around the law. This = lower jobless claims. And interestingly, in the latest non farm jobs report, avg. workweek decreased by 12min, or the equivalent of losing 700,000 jobs.
Pedro, the market goes to 30,000 over the next decade. Just buy some stocks and enjoy the ride.
“I don’t see how this can end in an orderly fashion”
What relevance does that have? Just because you can’t see a scenario playing out, doesn’t mean it won’t.
Don’t get caught up thinking you’re smarter than the price action.
OSJ?
“penis sucking market” somehow you manage to talk without using an ‘f’ word lol
WE WILL BE GREEN IN MORNING..
because it’s a bull market, you know and I still have plenty of HD and LOW to sell to the masses tomorrow.. and that is my plan..
Futures follow the DAX 90% of the time – as they have for many, many months.
A default mechanism – phone it in. If it is expiration I suspect down then up and near flat by Friday.
In the good old days ( last year ) we would have action / stocks moving before the sun came up. Now people don’t bother until mid afternoon.
And DAX follows Bunds, Gilts, etc.