Protests in Hong Kong are causing a disruption in the matrix. Agents are being dispatched to deal with these freedom fighters. The world has had enough cries for freedom. Next thing you know, someone is getting their head sawed off.
Futures are sharply lower; but there are plenty of deals to speak of.
The biggest one is ATHL being acquired by ECA. This is significant for all permian basin players. Expect to see some of these names bucking the trend today.
AMBI was acquired for a huge premium. DWA is said to be in talks with Softbank. TIBX was acquired by private equity. And AMAG did a deal, sending their shares soaring.
These are examples of why it’s hard to bet against this market. Sure, there are pockets of weakness and we may correct for a bit. But there is a bid to behold thanks to all of that corporate cash on the sidelines, burning a hole in executives pockets.
TLT is up this morning, as yields sink lower. The dollar is stronger, especially versus the NZ dollar and european markets are soft. I didn’t expect to see the market opening down 100 this morning. But there is nothing I can do about it now. I’ve made my bed, one built from dreams of fantastic stock market runs, and now I will lay in it.
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It sounds like you still believe in some sort of “fundamentals”, Fly, besides the obvious one of the global liquidity bubble.
Good luck with your stock picking.
Bubble is such a glib word.
This one:
http://research.stlouisfed.org/fred2/series/TCMDO
You still inspire respect and fear, and … love, Fly. But in the immortal words of our 43rd chief executive, this sucker’s going down.
hope you’re killing it today with spy puts, sir.
Pulled them … and UVXY as well. Both profitable, but the tape is the tell here, this does not look like a (iii) of 3.
This market is a knife-fight! We could still have one more ATH ahead.
come back to the group, sir. you are missed.
Oh god. Elliott Wave is such a joke.
Wish I could attend the conference. I’m about due to riddle my ball sack with chlamydia.
Persons of your caliber are not needed at the conference. Seek the help of a urologist.
US Economic data continues to improve, Friday’s job numbers should be interesting.
revolution always results in a lot of executions.
Market will gap down and go up to finish nicely in the green.
On our way…
Not to be a bummer. But M&A usually markes the top of a market cycle.
^^
Cascadian let me help you
BlueStar: Consistently Wrong
Read my posts tool.
Tool? What are you 12?
I have. You said yourself you have been bearish and long puts. Therefore you have been consistently wrong.
I can’t wait to take all your money. It will be fun to watch you cry. Plus your reading comprehension sucks.
Speaking of ‘obvious bubble’
<>
oops– that didn’t work.
A game.
The top of a market cycle can only be seen afterwards — anyone who claims they can see it beforehand is not to be trusted. M&A activity marks nothing.
For God’s sakes Fly, heed our Almighty One, “NO MOAR STAWKS”. You’ll thank us (THAT’S GOD AND ME) later.
Fly, I always enjoy your writing. Once again you’ve motivated me to research grammar, and learn something new. Best regards.
Was thinking about your “wheat gods” post of a few days back. Which stocks would you use to play this?
RJA looking interesting
“This one:
http://research.stlouisfed.org/fred2/series/TCMDO
You still inspire respect and fear, and … love, Fly. But in the immortal words of our 43rd chief executive, this sucker’s going down.”
You do understand that the S&P was at 30 in 1955. So lets compare oranges to oranges.
Dr Fly, I just wanted to express my preference for the original iBC Illuminati medallion over this new iBC arcade token..
While that may be true, you are viewing this with an untrained eye. The resolution of this logo is by far better, at least 10x better.
For sure, I’m not claiming a trained eye. Also, I’m viewing via an archaic HTC’d Android. Resolution is meaningless in my daily world…
whats with the new logo?
I change logos with my moods.
I love all the top callers and doom and gloomers. The most hated secular bull market in history will feed on your entrails and then skull fuck you, metaphorically speaking. It welcomes your hate.
Substitute the word “market” for “candidate” and FDR’s famous quote seems very apropos for this market.
“Never before in all our history have these forces been so united against one market as they stand today. They are unanimous in their hate for me – and I welcome their hatred.”