Yields are fucking soaring in Bernanke’s face. Take a look at munis or treasuries: ouch. One might say “rates are normalizing” because the economy is roaring back. It’s not coming back, but ROARING. However, if that’s the case, then why do we have QE2? Conundrum.
With my money, I stepped up and added to my EXK position, when it was down 5%. On Jupiter’s Stone, that motherfucker responded to my emotions and ripped higher. Moreover, I added to my REXX position into bullshit weakness. That came back a little too. As of now, EXK and REXX represent #1 and #2 positions by size.
Two Chinese ipo’s worth noting: YOKU and DANG were stellar outperformers today. This bodes well for investment banks. Not only are they busy with mergers and acquisitions, but their ipo desks are humming. At some point, YOKU is a must own, for the long term.
All I have to say to you dirty bastards: indeud.
[youtube:http://www.youtube.com/watch?v=sOIMA3cnUlI 616 500] Comments »