There are too many of them. What we need to get this market going, a nice Santa Claus rally, is massive layoffs or exporting of good paying jobs to Mexico, China or Brazil. The ADP report of +210k jobs for the month of November is too much to bear. As a result, futures have swooned, mind you, lower.
I’ve never been a ‘big fan’ of jobs and would rather my neighbors live out the rest of their lives in leisure, roam about the golf course, taking it easy for the rest of us (extra Big Lebowski). I understand that many of you want/need jobs, in order to pay bills and acquire sustenance. However, for the sake of the greater good, can you think about someone other than yourselves for once and demand that your job be stripped from you, so that we might enjoy a Santa Claus rally?
In other news, the BDI is ripping higher again this morning. Cape rates surged ahead $1,858 to $28,899. BALT just took delivery of two Capes yesterday. The timing could not be better. By the way, Supramax rates are nearing $16k, making that +100% for 2013.
Why isn’t anyone else getting excited over the God damned shippers by now? What do you people need, engraved invitations, a fire works display and grande entrance via hot air balloon?
If you enjoy the content at iBankCoin, please follow us on Twitter
Is anyone perturbed by the fact that the whores on Wall street care only about the S&P 500, or the next round of QE and don’t give a damn about America? They don’t care if the fundamentals of the US economy (i/e jobs are created instead of welfare and food stamp handouts) are improved? Seems as long as they can get short term gains on their portfolio the wall street whores don’t care that we are allowing the worst regime since the Third Reich (Iran) develop nuclear weapons and rockets to deliver them around the world. I had to hear the morons on CNBC say how ‘nice’ it will be if the deal with Iran holds… “nice’? Are you KIDDING?!? How could anyone trust these people or make a ‘deal’ with them? Have we lost all morality? These are the Nazi’s of the 21st century. Their centrifuges and entire industrial complex should be magically set back to the stone age which is in sync with the med-evil philosophy they live in. You want to give these barbarians an Atomic bomb? I know were all here to make coin, but at what price? What good will it do if we make a short term gain but destroy our world? we are screwing ourselves and plunging our nation and our world into darkness while bovine pigs climb over each other’s heads for the next clearance sale at Walmart while our constitution, and our freedom is sold for handouts.
You, Mr. Pirate, have blessed us with a wonderful outlook on the world. I happen to hold the exact same beliefs concerning the clusterfuck that is Iran. However, I also love the Federal Reserve, so go figure.
No, no one is perturbed.
Next question.
BTW I DO realize the ‘FLY’ was being sarcastic, I just felt the need to stand on my soapbox in the background of all this inequity.
The soapbox you shall have, but nothing more.
if its the Muslims you fear, Pakistan already has da bomb mate, not sure they know how to use it tho…
$BALT not moving cause you and I are not selling
You might be onto something with that. However, I would rather die, literally, than see BALT go without me onboard.
Those headline scanning algos are messing with you, Fly. Once you sell BALT and post it on the interwebs the computers will take BALT higher. Best bet is to post a headline about selling it without actually doing so.
misdirection?
I like it.
they call it “the ol’ okey doke”
or Kansas City Shuffle
A Thousand Year Reich!
If the shipping rates are lower they will export more coal to china. Coal is already looking alive
working for the man, been there done that
working for my self now, rest of youse carry on
How are those VXX puts doing?
i have next week 45’s i got for 40 cents…you do the math.
Nice. I’d sell now.
these are potential 3x baggers.
Fly coming off a sugar high from a birthday cake (he probably skipped his workout and had a BIG piece for breakfast).
Off for a bike ride and a bear hunt.
The bear is off for a manhunt.
thanks for top ticking the vix, sethster.
You’re welcome.
$BALT FTW
the run begins today. To the moon!
Into $BALT yesterday-can’t take the pressure.
cheers
Full disclosure: I am long BALT from $4.60s.
I understand that BDI is are rising. Should we be comparing the rise to what was expected? How much was BDI expected to rise? So simply rising does not matter but how the rise compares to the projected rise? Which I guess would translate into what cash flow is priced in to the equity, and whether the current trend of rates means the Company will end up exceeding what was forecast?
Are you buying it because of momentum (I think yes), or because the rates are better than expected and valuation is cheap (also yes).
Buying because thinking maybe oil is low
for a while and that should really help
$BALT.
cheers