It was a very long weekend, book-ended by seafood banquets and central American cigars. Our graceful Commander in Chief, Barracks Obomba, gifted the Syrian regime with mercy– and has put the US congress in charge of declaring war. Being that the congress is unable to pass simple items, like the farm bill; suffice it to say, the market isn’t going to be plagued by the specter of yet another world war any time soon.
I don’t care if our President is evil or stupid. As long as the stock market trades higher, I am content. Plus anyway, the label “evil” is very subjective, which can be applied to just about any of you.
I am hoping to take back what I lost on Friday, which shouldn’t be an issue–considering SPY futs are +15.
If I had some coin to put to work and wasn’t such a degenerate, leveraged at 125%, I’d look at heavily shorted stocks that are down more than 10% over the past two weeks.
Here are some names, courtesy of The PPT
ONE, NES, P, ARO, PRKR, SCTY,LXK, BKS and HIBB.
PPT members can access this screen, here.
In closing, yes, The PPT closed OVERSOLD on Friday. It’s a time machine, god damn it.
Gentlemen (ladies aren’t permitted to read iBC after 8pm, as their duties of minding the dinner plates and washing the children are priority), prepare for gluttony.
NOTE: For PPT members only, the September seasonality report is out.
NOTE II: We’ve put up some serious comment spam filters and it is blocking all comments coming from the iBC iPhone app. If you are having trouble leaving a comment, email me: flybroker at gmail.com
http://www.youtube.com/watch?v=sFL42VuObI0
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I’m also very interested in buying this CVV dip, thanks to Seeking Alpha.
Went from all cash to 60% long at the close on Friday. Looking to get to at least 100% tomorrow for a few days trade.
Maybe i will buy one or more of them there short list stocks.
I wonder which companies are heavy into the processing and distribution of precursors for chemical weapons? Might be some good long term plays coming up in that field.
Ok but if there was someone less of a moron or less evil in the white house, the stock market would be going up anyway. Because it’s due to the fed policy. And that would be the same if Romney was president, no?
Had Romney been elected Republicans would be claiming a massive victory for this huge run we’ve had in the markets of stocks this year. If MSFT bounced when Balledmer resigned, just think of what it would have looked like had Obama gone back to organizin’ communitehs.
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Upon seeing the “gluttony awaits” image on the front page…
I laughed so hard I spit my beverage on my monitor. (no deluge..but I had to clean it up nonetheless.)
Got long GS calls on Thursday thinking that we’d rally after the holiday. Hoping someone makes a call to the guys who control the stock price, and request that they kindly adjust to $160.
Spam was so bad that you had to enable registered comments only? Wow!
Marc
It will be better this one. No more vagrants.
Fuck Dishes, lol. OK the Syria stuff has kept Bonds down over panic. Now, that is delayed I would expect US Bonds to rip up cuz Larry is coming to town. Yes, we have a MASSIVE POMO in the morning to deal with….but after that there is no reason to hold bonds. Market fades fast and hard…Bull Trap.
Lex Luthor is back. Mega mergers are usually a bad market tell, right?
IBC needs a bond take. First Apple goes huge now Verizon goes massive. Muni funds are imploding. Wtf does it mean?