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That’s right, folks, I’m just going to keep steepening the metaphorical curve until this market breaks, no matter how ridiculous I eventually become.
Don’t worry, “SuperNova” is still some weeks away, and for now we will talk about silly bulls idling about in a bucolic wheat field only to be set upon by a near-silent International Harvester Combine with razor sharp blades that will quickly render them into so many two and a half inch ribeye’s ready for dry-aging.
Again, despite myself, my portfolio edged up again today, a half percent, sparks flying and hedges hedging. And weirder still, my half and one-third positions (thus far) in QID, SDD and SDS were all off rather minimally today. In fact, SDD was even up a tad. None of this action is making me think my thesis is wanting, though I may be stuck waiting while we grind to the end of this current cycle.
The only hedge that drew significant blood today was the one that had no counterpart (unless you count my small core position in SLV), which was my one half position in ZSL, the silver commodity ultra-short ETF. Everything else was offset, including my SLW sold calls, which were outpaced by the underlying stock’s gains.
Many of you chided me today about silver having a good day, but in your heart of hearts, you saw how the price struggled, and how my two favourites, SLW and EXK struggled to retain gains. This is not the action of a bull ready to take off, but rather one that is seeking a siesta.
Make sure you have cash on hand, and please, stay out of the cornfields, Children…
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Don’t get too crazy.
http://www.youtube.com/watch?v=Hd5d50c00ow
You are looking through the prism of a gold bar.
How much is gas in SI? $7.28 a gallon?
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http://www.businessweek.com/news/2011-01-19/u-s-stocks-near-significant-top-tom-demark-says.html
“U.S. Stocks Near ‘Significant’ Top, Tom DeMark Says”
Indeud.
BTW, while scoping out that webpage, I noticed this Gina Bianchini interview.
I have no idea whom she is, or what Ning is, but if this hot mama were brought in to replace Jobs, we’re probably talking about a $1,000 stock, just on geek rave alone.
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ning. you can go there build a web site and go into beta phase until your site is up and running,if your main objective is to garner paid subs to the site. try going to stockbuz .ning. tell the main fox there.and she is a fox.that da bears are going to the superbowl.
Not sure I understand… are you saying there is a babe runnning Stockbuz as well, or are we talking about the same girl.
No matter your meaning, the Packers will soundly asswhip the undeserving Chicago Bears.
All other bears will win, however.
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Similar performance here down 1/4% today while being fully hedged. If the hedges were perfect I’d be in cash instead. What fun is that?
Yeah, I was actually up due to the fact that I still hold a core holding despite the hedges. I think the dollar does one more reach down today to 78, and then heads north.
If not, then I “release the hounds!”
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Get used to providing the red carpet treatment to your Chinese Overlords
wouldn’t it be a strange world where Americans beg to work for the Chinese in dare I say, American sweatshops?
Soon enough the US will be forced to sell its military tech to China just to pay the bills and they will create in 10 yrs what the US took 50 to make
Blasphemy …. corporate traitors hanging themselves with their own ropes for a few more % pts of growth … why let China dictate the rules to play in their backyard when we are the ones with the bat and ball? Fuck them … if they want to advance their economy let them play by our rules or let them eat cake!
Must you sprinkle the echoes of long dead Marxist barrel thumpers into every post? Really, it does you no credit, although I happen to agree w. your following statements.
Frostbite — you take a much too pessimistic view of the United States viz the Chinese. As long as we can fight back some of this Barackian-Pelosian Red Tape, we will have something they never will — flexibility.
Flexibility is key in business. Remember when the Japanese were going to kick our asses 25 years ago?
Inflexiblity killed them, and they are circus acrobats compared to the Red Chinese.
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Exercising my first amendment rights ….
Not trying to abrogate your rights, just trying to make you use sense in your discourse.
Why did you go back to Dan Haggerty, btw?
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Your spam protection sucks … my response to your remark was lost but I’ll post the link to Fly’s blog for the rational behind my bearish gravatar:
http://ibankcoin.com/flyblog/2011/01/19/sticking-with-the-magic-clam/#comment-198806
BTW, Trump is speaking my language … though it’s doubtful he’d get my vote based on his prior business dealings.
Lots of deviled ags got pounded today, especially the evil MON. When I saw that I thought of ye olde jake. Glad you hedged. Death to MONsatan.
When did the Amish elders release you from the village Scum Bucket Luddites?
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