To hell with the King of Saudi Arabia.
The dollar is on a ridiculous path. See chart.
It is up in the order of 25% since 2011, +14.5% over the past year, outperforming the SPY. Like I said: ridiculous.
However, think of the great boon this is for bedraggled microbes living out fanciful idiot lives in Europe and Brazil, amongst other savage places. They took their inferior currencies, bought our stocks, bonds and real estate, price in dollars, made +15% on the investment end and another +14.5% in our King Dollar.
America is the shit.
But the time has come for mean reversion. A great many of you are neatly tucked away in ‘fag-boxes‘ and will now be dispatched into outer space to live out the duration of your pathetic lives in destitute poverty. TLT, UUP, short oil will be losing trades over the next 6 months.
HERETO: now is the time to accumulate shares of SLCA, EMES, PDCE, DVN, CLR, ECR and FMSA, amongst others. Once the tide turns and oil breaks $55 to the upside, all of you fucking faggots will be tripping over yourselves, knifing each other in the backs, to get a piece of the action.
Since I am already positioned, I have nothing to do but wait.
As you were.
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Goat fucking Allah willing that shit will come true.
Two words: whirling dervish.
https://www.youtube.com/watch?v=-DT7bX-B1Mg
So funny
Fly talking to shorts – https://www.youtube.com/watch?v=WTYmuHatJ14
Sodomites….
/Agreed. My horses in the race include SLCA, SN, AXAS, AREX and GST. I am a beta junkie.
Dear Le Fly: I am heavily long the Yankee dollar. I thought currency movements lasted years. Is it time to book profits?
Fly,
I respectfully ask that you stop posting photographs of me, even if it’s a back shot. Thank you.
PS
I hope you have tried those killer protein shakes I gave you the recipe for a couple month ago.
.
ROCK … PAPER … SCISSORS !!!
.
.
Place Your BETS !!!
.
Never!
KING DOLLAR shall reign for at least another year
[insert pic of king dollar mercilessly bludgeoning the stupid euro]
Mecca meals with convert or die fries. Habit for the dollar death winship.
Gains in the value of the dollar wiped out your stock market losses from last year! Maybe it’s time to buy Euro stocks, or double dip with buying Euro oil companies.
Not! It’s early to buy oil and Euro assets. But the time will come in 6-9 months, I’m guessing. Buy US consumer stocks, transports, manufacturing, anything that benefits from low oil prices. That stuff is running now and looks better short term. Oil is screwed for some time. All the oil in storage has to come out of there. It takes time to shut in wells and for e&p’s to go banko.
SLCA is the wrong stock now. Unconventional drilling is more expensive than conventional drilling. Frac sand will not need much for some time.
Are you still long NNA? That trade’s dead if short oil’s dead. I’ve been scaling out of my short oil position with the plan of going into the weekend flat but will look at reopening a short on Sunday night. There’s still a glut of oil out there that’s getting worse.
DXY is at 92.12 right now. Looks like it’s got until 95.6 until there’s any serious resistance. That’s the 50% retrace from the 2002 top to 2008 low.
DXY may even want 101.5 which is the 61.8% retrace, considering the status of Europe and Japan.
Long live King Dollar.
EOG