Cuter than Bing, no?
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I’ll have you know, the direct translation of “too ra loo ra loo rah” is “Get drunk, you Irish monkey, and buy stocks.”
Here’s hoping my good friend M. Le Docteur de la Fly, who is resoundingly French on all days save this one, will comply.
Why?
Well, it seems the tell-tale market indicator, the BKX, has broke the shilelegh (sic) out, and wants to take the rest of the market with it. Everyone with an ounce of Galway joostice (sic) in him knows that means the market wants to rip.
Want proof? Here’s a shot of Jamison’s and a chart for ye to consider in your bear suit:
Will we have a pullback? Sure, most likely. And I will likely lighten a bit more tomorrow, as I did today, with my Silver Wheaton Corp. (USA) [[SLW]] calls, [[GDX]] calls and [[AGQ]] sell off, all at a tidy profit, mind you. But I haven’t sold a drop of BB&T Corporation [[BBT]] or even Pacific Capital Bancorp [[PCBC]] as I think the banks are for real here.
You see, the dollar has begun it’s move back down to the $78.50 or so level, and that’s going to be tough love for those of bearish persuasion going forward, even after our expected pullback.
As a matter of fact, you might even think of adding to your [[TBT]] because Ben as much said he’s all for inflation today, that crazy bearded leprechaun of questionable heritage.
I’m hoping all my fellow Irishman will lay down their “dukes” (sic) and join me in a pint of Guinness (and some Diageo plc (ADR) [[DEO]] ? ) this glorious day. Celebrate our heritage, get a little drunk, get a little long.
It’s easy.
Erin go Bragh!
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And you are buying that line or shorting to it?
already bought before the break, added at the break. Will hold for the pullback.
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OEW agrees:
“Rallies in Gold and the Swiss Franc today suggest the uptrend in the USD should be over. A declining USD should support the rest of this stock market uptrend.”
No Teatotaler [sic] here ….
My personal Celtic favorite.
http://www.youtube.com/watch?v=w97uEToBzJ4&feature=related
Rest in Peace all of them. Liam was the last man standing and he left us last December.
Clancy Brothers were also a big one in my house, and not just on St. Pat’s.
I’m more of a Chieftan’s fan.
Check out this cultural melange!
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I’ve seen them in concert many times. They have played with a surprisingly broad group of people over the years.
Yeah, I think Van Morrison is their best natural partner, being a native and all. Emmy Lou Harris is nice too.
You are very Celtic for a sub-Continental!
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Hi Jake —
You may find these news articles interesting —
http://search.wn.com/?search_string=bancor&action=search&corpus=current&sort_type=-pub-datetime&language_id=1&results_type=video_news
About the Bancor, which is being actively discussed as the new world currency that will replace the USD.
Not sure if I buy it, frankly. First, the US will not participate, and second, you need to have all those clowns agree on a currency, a la the Euro.
Who wants to abandon sovereignity?
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Especially now that we all see what fuckwad countries like Greece have done to the Euro.
Eggsactly. Who wants to risk their national flexibility by being tied to some other retahd country’s inefficiency.
Did you see that letter from the Bundt Chairman to the Treasury guy in Greece? “Get out of bed earlier, ya lazy Trojans!”
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speaking of banks, been meaning to have you look at one i’ve owned for a while and has been on a steady move for the last year (65+%). Check out Cardinal Financial CFNL. It’s a regional NOVA bank.
see what you think
…speaking of Banks
I am going out for a few “points” m’self.
Got a BRAND NEW awesome Irish bar right that just opened right behind my building. 79 flavors of beer. All of them green.
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Went to Dirt-kid’s bar yesterday afternoon around lunch to say hey, have a leisurely pint or two and reminisce about boiled meats, limp cabbage and flavorless soda bread. The place was completely mobbed with willing and able college girls (Saw a few t-shirts that read “Fuck me I’m Irish.” Maybe not exactly take-home-to-ma types, but still). Ridiculous. That kid’s living the life.
A Brief History of the Norse Occupation of Dublin for Bostonians: http://www.mcsweeneys.net/2010/3/17geirsson.html
And a blessed St. Paddy’s to all, especially the designated drivers.
“There even anywhere a guy can ohdah a fuckin’ coffee regulah ’round here? Fah Christ’s sake, where’s the fuckin’ Double-D? Yah fuckin’ shittin’ me? This place don’t even have a fuckin’ donut shop? Whatah fuckin’ shithole.”
Ahh, that’s precious.
Haha, nice Boondack [sic] Saints reference there Jake.
I’m out of SLW now, not sure when I will be back.
I have loosed all but the very last of my SLW calls, so I am in line with your risk sensibilities.
I will, however, hold my core stock position for now. I don’t think the pullback will be much.
One thing… St. Pat’s of 2008 market a top (for the time) in the PM markets.
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Out of SLW as well today, shoulda been yesterday, but whatarya gonna do… It’s weakness today while SLV/GLD is holding up is something to consider.
Holy carp. PCBC went bazookie today.
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Jake – I bought this at 1.20 on your recommendation as a worthy gamble if you had some money you weren’t afraid to lose……where do you think it is going?
I don’t know, but I sold 40% at 2.19 (entry @ 1.08) so I am seeing what I can see ovah heah.
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This damn South region is giving me fits. Duke gets upset in the 2nd round but who the fuck makes it to the Final Four? Certainly not ‘Nova.
Louisville? A&M? Notre Dame? Baylor?
I really need to figure who will keep Kansas, K State, & WVU company there…
Baylor.
WVU will get immolated by UK, should they match up. WVU has no answer to Cousins and Patterson, and Wall is better than Da’Sean.
Lou knocks out Duke.
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UK will have big time trouble with Cornell, book it!
I like Baylor too in the South.
You are being “white boy silly.” Cornell cannot sneak up on anyone, anymore.
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“white boy silly” LOL, too much! Yeah, Cornell was a force…back when Colgate and Dartmouth played good football.
Hey! Dartmouth was pretty good in the early nineties. Sent a QB to the NFL as I recall.
My point is that no one is ever going to let themselves get “jumped” by smart white boys from the Ivy League again, after Princeton made that run to the Sweet Sixteen with their slow down back door white boy Pythagorean Theorum Ball.
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Cornell almost ended our multi year home winning streak this season. I was very impressed by them, they are way better than the Princeton teams of old. I don’t have them beating UK in my brackets (I do have UW finishing off the Cats), but I think it will be close if they meet up.
UK gets knocked by Wisconsin.
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ROBERT MORRIS!!!
Please. Those milk luggers will be lucky if they get that far.
Robert Morris is simply a cog in the great Dukie Conspiracy Machine.
Luckily, a failed one.
Back to making crack secretaries for them.
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RGLD (grandmawmaw) and XRA are “pants on fire” right here.
Sold the remainder of my GDX calls, btw. Phat.
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jake, how far do you think slv’s pending pullback will bring it to?
been disappointed with the relative performance of EXK over week or so, lightened up as precaution
Yeah, the lower priced suckers will always drive you crazy at the most inopportune times. If this helps you any, I just think of them as “no lapse” options, and just stick em away and wait for them to blossom.
Some of them will not, but enough of them will, in this secular bull, to keep you very happy.
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What month and strike were these? I’ve got some June SLW & GDX I’ve been sitting on and they are under water.
Are you seeing a pullback before a final big surge in the coming months like Gary and others?
I bot the June $11, at between $3.60 and $4.40. I had a ton — about 240 of them. Retaining 30 for the heck of it.
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This selloff in NATGAS is interesting… I wonder if we see 3s before the season kicks in again in the summer.