The wall of worry is steeper than ever. There are more bears trapped in this tape than ever before. They really did think ‘this was it,’ the proverbial top, the redux of 2000 with all of its hideous trimmings.
PREPARE FOR THE SHARPER END OF MY BLADE.
Today’s melt up will be ordinary for men of industry, those taking advantage of a seemingly perpetual melt up in stocks at the expense of the old man who used to own CDs. Rates are low and will continue to stay low. The stock market is the only game in town.
I’ll have some actionable ideas for you throughout the day. For now, my top picks are my in my own book: RUBI, TSL, LEJU, IFON and PE.
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Get the guillotine ready Fly. We have many heads to lop off this morning.
Where’s zombie. It just doesn’t feel right without him on this thread.
He’s eating brains
There can’t be a crash with so many armchair doomers.
Oh my new top pick, it’s a penny stock, is NB.V!
When watching football with my father as a youngster, he used to yell “WE GOT ONE!!!!!!” when someone on the opposite team was down on the field with an injury. I will be yelling “WE GOT ONE!!!” all day as I watch my account get back to even on the year, and watch these crybaby shorts lose some moarrr of their asses.
Anyone bothered to look at the quiet success story across the pond? The UK registered a PMI of 57 plus. They have the quiet achievers of QE with mild austerity and the economy is going gangbusters having reached close to full employment. They’re bond market is well behaved too.
People shouldn’t think this isn’t much because no one gives too much of a shit about the UK. However it’s very illustrative to the Euroweenies across the pond. In that QE combined with mild budgetary consolidation offers great confidence to business. A ever so slightly conservative government careful with spending has worked great since the crisis.
The UK is exhibit A why that fucking idiot, Paul Krugman is dead wrong about reducing spending. It’s monetary policy you bearded loon.
Mark Carney, former Bank Canada Governor, now head at BofE — the first non-Brit to hold the position. He has even silenced the looney Brit tabloids.
damn should have spell checked….
I work with people who care more about spell check than content – it isn’t a fun place
Lol
Teflon Don approves.
GPRO still ripping. Regret selling at $45 already.
As I have stated several times I would say look at gold stocks.
It looks like Phase 2 of a secular bull beginning- one where the stocks outperform the physical (unlike Phase 1).
This is more typical of the ’70s and ’80s runs.
Just watch as the physical goes down or is flat- the gold stocks stay elevated or go up.
In the old days there would be about a 6 month lag between the gold stocks and the physical.
Keep trying to find value.After the momos
are bid crazy high they have to come your way