It’s All About “Yayo Yellen”

Of course the very best plays are refinery stocks, spearheaded by none other than ALJ.

After three consecutive up days, I am taking a breather, off by 1%. BALT is down in tandem with the rest of the shippers, as cape rates continue to slide, led by “apparent” weakness in the chinese iron ore markets. This is what was told to me from a chief over at a certain shipping company. However, he’s hellbent on the iron ore market and feels it will have a banner year in 2014, which is why he is buying vessels like a heroin addict in a poppy field.

By the way, I don’t even know how EGLE blew that quarter. I am sure it has a lot to do with them being tied to charter rates, instead of spot. Also, they messed up, big time, by not doing a secondary when the stock was $9. There is no excuse for that type of incompetence, considering their huge debt load. I would avoid that stock for now.

BALT seems to be the best way to play this bedeviled industry.

CSCO’s miss is causing a lot of old guard tech stocks to drop, like my BRCM.

Today’s tape is fueled by “Yayo Yellen”, lower rates, surging homebuilder stocks and a resurregent REIT market. Gold and silver look good too. If I had some liquidity, I might buy a little AG down here.

Hell, if bit coin can trade above $400, gold can catch a bid.

Yellen is gonna give us more of that stuff we need. QE for life (Fly throws up gang signs and fires 5 shots in the air with his desert eagle).

 

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