Sure the market reversed today and idiots are abound comparing Twitter to Pets.com. But does that mean that The Option addict and his band of goons have to give back their gregarious wins in X and TWTR call options? Does it mean that YELP, BCS, VNET and everything else that is holy and sanctimonious will stop working higher? You people are kidding yourselves. This is only the beginning of the end for your kind of people (no Hitler).
You’re being fooled into a false sense of insecurity. The reader class always responds last, easy to trick and certainly dumb enough to waste time.
Do yourselves a favor and stop thinking. The economy is smoking hot again. Janet Yellen is getting cremated in her social media/biotech shorts. And “The Fly” is hosting his 7th annual iBankCoin dinner this weekend. All is good, my friends.
I’m liking VNET and ZPIN here. Longer term, HCA is a dunkshot.
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Why is HCA a dunk shot?
PPACA is good for business!
$SRPT gonna squeeze like lemons, or a buy out offer
You want me to meet you guys at Keene’s or Quality Italian for the dinner?
‘the economy is smoking hot’ – LOL
I thought you had been “banned”?
why do you care?
Don’t look now but SPLK is starting to move. GIT SUM!
I did.
Me 2.
Got dat FEYE here too.
Love me the FEYE.. You take calls OA?
I’m a turd with skinny arms and a party hat so proceed on SPLK with caution.
buy GDRZF
Dunkshot
http://www.youtube.com/watch?v=mZJAiuYT7Q4
Darn that TLT call yesterday not good. Down a lot even as market falls. long term treasuries are not cash. SHY or high grade corporate bonds are closer to cash
I think we need to entertain the worst possibly: rising inflation – or – thee expectation of rising inflation, which is much more insidious
Some ppl say that the CPI is low and the usual low inflation argument, and this is true, but the market looks waaaaaay ahead of all of that. It may sense Yellen raising rates too soon or too much a year or longer before ut hapens.
After a rake hike more people will pile into TLT and the like and out of stocks because the “risk free” return will increase in bonds.
I didn’t buy Tlt for one day, misfit
Flyboy – The economy is in fact “smoking hot.” The amount of new construction in my area (Boston) is insane. As soon as the weather warmed up, restaraunts and retail stores were busier than I’ve ever seen since moving here. The GDP number comes as no shock. Leave your town, and move to a real city.
ah – the provincial effect. what will you say when this GDP number is undoubtedly revised downward next quarter?
Long OTM $YELP call options they will beat earnings just like $TWTR.
BTW, Boston=shithole. bunch of inarticulate gumbas that are insanely bitter and jealous toward NYC
You sir are a laughable fucking idiot.
The provincial effect is definitely real. No denying that. Having grown up in Upstate NY, there’s no denying that many are still feeling the effects from the 08′ fallout. Even still, there are plenty of positive metrics that could be used to argue a stronger/improving economy, overall. As I said before… leave your current town/city, and head somewhere where opportunity exists.
Boston has plenty of scum – but they’re only visitors or service employees in the city; they don’t live in Boston proper. Tough part about that is that they do tend to congregate to Fenway, constantly, in the summer, polluting my hood. I find for the most part that people live here to avoid the NYC lifestyle. Boston’s small. Really small. It’s an easier lifestyle.
you have no idea where I live
I liked that sock puppet associated with Pets.com.
Le Fly, Why do you like BCS? They seem to get killed more than any other bank in terms of bad press and lawsuits…
Lawsuits go away. Bcs is cheap
They are the JPM of Europe
The ultimate polarization of america is about to explode. Uncertainty?
People see bubbles and black swans everywhere. By definition they are extremely uncommon.
$CYNK
This is a pretty strong run up on earnings for YELP. So basically, everyone is expecting them to blow out earnings? It’s so risky.
Yup. A little worried, but also worried they get taken out without me holding a sizable position.
LOL at RUT. Time for the metals to have their run
buy MXAM
I’m insane and got some $TWTR puts for a gamble.
Do i buy my EWZ stake back, thats the question
scaling back in…
Keens a fine selection Dr. Enjoyed a rather large portion of Teed Bone there last saturday – service impeccable. Thanks for the recommendation
Mike
You should have had the mutton. First class
never had it bro…Im not a big fan of Lamb and I know Mutton is from an adult so I would expect an even stronger “Lamb taste”..I stick with heavily salted, seared red meat
I didn’t catch the address for our dinner. Don’t want to be late
WFM going gangbusters into earnings
NUGT getting ready to take some viagra
The current bull market began March 9, 2009, It has been intact for 5.4 years, 64 months, with one 18%, 5 month correction May thru Sept 2011.
This latest UPLEG began Oct 1 2011, and we are into the 34th month (2 3/4 years)
Market cycles usually last 4 1/2 years – 2 1/2 up and 2 down.
On the basis of TIME ALONE, I am calling a market TOP here.
I called the GENERATIONAL BOTTOM Nov. 2008 into March 2009. I am not saying this is a GENERATIONAL TOP, but it is about ready for a 20% to 30% correction.
Fly notwithstanding.
No one cares what you think. Seriously
They didn’t care when I called the generational BOTTOM in March 2009, either.
But they should have.
Are you referring to your mom who’s house you live in and who’s food you eat, as well as your child brother?
Now, don’t mess this up for the rest of us. When we follow the market predictions of some anonymous person on the Internet, that always works out so well, LOL.
Triple hat tip to Fly for LEJU. Glad I bought when volume was low. Up 31%
I followed Fly out when risk is off. In general, unless it’s my own trade, I follow through with the master. More often than not, you’d be punished if you fade the trade.
Market top when there is no hope or when the jig is up.
There is no jig and lots of hope so I say
more to go.
The economy is also BOOMING here in Austin, TX, but then it has been for a while. Pretty much all of TX is humming economically.
Shit, even my home state of CA will have a budget surplus this year b/c of increased tax revenue due to the economy improving significantly.
Well, here’s the final nail in the Bear case
http://www.bloomberg.com/news/2014-07-30/greenspan-says-stocks-to-see-significant-correction-.html
I just noticed what $RUBI did today and muttered a number of obscenities as I couldn’t take the pain anymore last week and closed my position.