This is going to be the easiest trade of my career. You fatalist bozos out there are convinced because the Fed said they might stop plopping $85 billion per month into the bond market, that means they will begin selling their bonds. You are entirely retarded, full bananas.
By purposefully sending rates higher, the entire country will be destroyed (awkward pause).
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I wish this blog was still a rated X venue, so that I could properly lecture you about how stupid you are for believing TBT is a long term investment.
Over the past 6 months, REITs and a slew of closed end funds have been dismantled. These are, traditionally, the safest investments for a long term oriented investor.
This is what is going to happen.
Rates will remain low, for infinity. Whoever sold short bonds this month, eagerly awaiting to be rewarded via Armageddon, will be ramrodded into a ‘fag box.’ All of the REITs and bonds that traded lower will rally, alongside stocks. A great giant reflation of bond prices awaits, because the fix has always been in and the United States of America is about to finance another war.
Closed End funds down more than 15%, over the past 6 months
GHI
BBF
EIM
NMO
PTY
MVF
MNE
REITs down more than 20%, over the past 6 months
ARR
JMI
CYS
ACRE
ANH
UHT
MITT
AGNC
ACC
I am sure many of you pole grabbers will take the other side of this trade. I am so convinced about the prospects of REITs, I’ve begun buying calls on IYR and have plans to accumulate a handful of these stocks, into weakness.
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I agree and am waiting to get into TLT calls. I don’t play options often but I feel this could be a big win over the next few months if timed correctly. Thoughts?
Like it
what about NLY? I bought a bunch sub 11 last week.
Futures are up on war fears. Trade in play now is all about the war trade. Need a warmonger screen in the PPT.
HOOK IT UP FLY!
It’s our patriotic duty to lower rates and help the troops, er drones, kill brown people (no Xenophobia).
Racist
What a racist comment! Why, our Tomahawks will kill all persons of any race or creed! Don’t Fuck with the U.S. fuckin diaper heads.
Umm diaper heads could be any color. If you wear a diaper on your head look out for drones pal!
If money is not free it should at least be cheap..
Our weapons do not discriminate ! Not like that PLO surplus scud crap! You see this is what separates us from the terrorist scm
I’ve reported all of you to your local magistrates for immediate detention.
Mitt
CEO been buying
MITT
10 year got a bit of pull back on Friday when housing data missed and Stupid rumors of Jackson Hole were flying around. But bottomline, the 10 year held that sweet over 2.75% level. Well Jackson Hole is done and Fed Heads were talking about how they don’t focus in on the EM when they talk about tapering..so it’s coming. Kuroda didn’t give out anymore Cocaine, just talking about all the Cocaine he has already given. I know Bill Gross is hoping the Fly is right,cuz he is in pain. But, imho..we won’t be moving in either direction fast until NFP post..and we should start to see a little testing of the upside soon after Asian session wraps up.
RATES WILL GO BACK DOWN (and then they will go back up 😀 )
REN,INTC …for short term trade
Paul Craig Roberts agrees with you Fly. Pick it up from about 2:40 http://www.youtube.com/watch?feature=player_embedded&v=fRlFjt-VkU8#t=460
What happened about the logo thing?
I like the contrarian thoughts and agree on the rate projection. What strike and time horizon are you playing with IYR?
Dr. Fly,
I’m wondering the same thing, what month for the IYR options?
Hopefully it’s like the CXO options, my biggest winner of the year!
maybe rates won’t go up in the near future, but likely they will be higher at the end of the decade.
AGU, POT and MOS should all go up today based on CEO of Russia’s Uralkali being detained due to abuse of office.
Uralkali said July 30 it decided to end output restrictions that underpinned world prices and halt exports through BPC, as the venture’s known. Plans to ramp up to full capacity may see prices sink below $300 a metric ton, from about $400 now, according to the company at the time. BPC and Belaruskali don’t support Uralkali’s new strategy and don’t agree with the price scenario, Belaruskali CEO Valery Kirienko said on Aug 19.
Belarus is seeking to arrest four other BPC employees and board members, including Oleg Petrov, through Interpol, Traulko said. Petrov is Uralkali’s director for marketing and sales as well as a BPC director.
Wow
Yea what happened to that garbage logo contest, this site has fallen out of my top ten bc it is very ratch
DK
Fly thoughts on CCI or AMT. The towers have pulled back substantially.
buy $PMT best hybrid mortgage REIT out there.
yes its done pretty well this year
Trying to decide who is more dehydrated between Jules and The Harper is very difficult.
HDK
Is it now…