Following an off year, “The Fly” is geared up (extra commando) and ready to resume his supremacy in the capital markets. The first week of January is always the most important. It sets the tone for the year and is crucial in determining mood and sentiment.
I step forth into 2015, not as a broken man across the rocks and gravel, but one keenly intent on redemption. I am like a shark circling a pirate ship, waiting for someone to take a swim.
Early going, I expect bounce back rallies in a lot of beaten down industries, then more of the same. Remember, earnings are around the corner and these oil companies are going to disappoint and scurry about to raise capital. It would be wise to profit from the coming reflation trade, segue out of it, then re-focus your efforts on industries who benefit from cheap energy.
Cash and half measures are reserved for the weak and mediocre. I am not interested in making a little bit of money, God damn it. I want it all.
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FIG?
Looking forward to this, sir. Recall that last year, the indices took a pretty decent hit in the first week of the year. Wound up not presaging anything.
did to my account.
Any chance we get 100 NASDAQS tomorrow, or do we have to wait until Monday?
Macho Fly once said: “You will eat my rear rockets and like it! Ohhhh yeahhh!” http://shar.es/1HCaOc
Oil will be back over $70 in 2 months and a lot of those cheap energy plays will lose steam. Why not instead find the best positioned oil related companies? The equity markets are already assuming oil will continue to stabilize and then climb. SN is up 30% from its lows despite oil making a new low late last week.
esquared, I’m on the opposite side of the oil. I’m short oil and expect the fall to continue. The oil risk premium is leaving the building (I saw Elvis last night on the streets of Vegas, hence the reference).
jetzzz, Elvis left the building but he always went back into another building at some point….err meaning low oil prices in and of themselves create geopolitical risk, but good ‘ol American shale plays are insulated from that risk. Their wells won’t be blown up by ISIS when ISIS needs more control due to less oil revenue.
I’m short oil so I’m talking my book here, but oil’s in pretty deep contango so I don’t see it rising until it gets closer to backwardation.
As far as ISIS, they’ve been pretty vulnerable to airstrikes and their leadership’s been getting knocked off like flies. Othman Al Nazih just got his one way ticket yesterday to meet his 72 virgin boys.
ISIS sucks so badly against airstrikes that the UAE sent a woman to bomb them. Even worse, the Saudi’s sent the son of the Crown Prince to bomb ISIS! If the Saudis are willing to send a prince to bomb ISIS, how tough are they? http://www.dailymail.co.uk/news/article-2769089/Saudi-prince-Emirate-s-female-pilot-lead-blitz-ISIS-Arab-states-send-squadrons-fighters-blast-terror-group-Iraq-Syria.html
What happens when Isis cuts off a saudi oil king’s head?
Like a hydra, a Saudi crown prince becomes king and two crown princes take his place in line for the throne.
When news of King Abdullah being admitted to the hospital broke on the wires, the price of oil dropped. No policy changes under King Salman.
GI Joe… great American hero.
No one is a bear anywhere. Every talking dildo that has ever been on the teevee was seen last month. The tape is vulnerable here.
Be forewarned: the 2015 market(the House) will be out to pick your pocket and steal your wallet.
It will not think twice about leaving you pennyless in the gutter with just the clothes on your back.
OIL JUST DROPED TO 52 bucks a barrel. IM FUCKING SICK OF THIS SHIT!!!!
Oil is pretty much done for in the near-term. Dual effect of people leaving it as asset class + supply&demand offbalance
Oil to the 40’s by February. The price drop will not see corresponding increase in consumption, especially in the cold and anemic winter months. Mild winter weather (extra Fargo) will keep the temps low but the shovels dusty.
Watch transports take off, as well as big box stores (which are just warehouse and trucking networks with a bank of registers inside the door).
P/L YTD: $0.00
Ohhh… Yeeeeeaahhhhhhhh… !! Hahahha
Jan 2…stocks are milked toast.
I am extremely excited about this wiping of the slate. I am up for 2015 so far….feeling good.
another plunge. what else is new