I gave you a heads up last night. Consider it a pagan X-mas present come early. Free trials are over, fucker. No more peeking under the X-Mas tree. Should I find you doing it again, I’ll give your head a 2 for 1 split.
Commodity related stocks are roaring today. Just yesterday I was combing over the spreadsheets of embattled oil names, hoping they’d go bust. Well, here we are today praising their virtue. Following a larger than expected drawdown in crude, reported by EIA, oil is off to the races.
Both FCX and KMI cut the divvy, a good thing. I called for this on Tuesday.
The world isn’t how you want it. We are facing an unprecedented decline in commodity demand, as China decelerates. The Jim Rogers commodity run has been over for years and will not be back any time soon. Nevertheless, even a dead body twitches at the morgue.
Even with this rally, I am unimpressed. Most of it is due to DOW-DD tie up, so don’t get too enthused.
It’s been a belittling year. Don’t let the internet make you feel like a fucking moron, even though, odds are, you might be just that. Surfing the web, you will find sociopaths taking pictures of themselves inside of luxury cars, outside luxury hotels, all thanks to stock market wins. The truth is, they’re nothing more than traveling salesmen, like a toaster salesmen circa 1953.
This is a hard tape, but we’ll get through it.
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The truly amazing mountaintop speech by MLK. Loved that.
I would say it’s closer to the encyclopedia sales person circa 1953.
Toasters were generally given away free in ’53 for opening up a passbook savings account (an actual bank book that they put in a printing machine to show the deposits, interest etc.) at the local bank.