Staring Down The Meat Grinder

Yes I am down a demeaning 3%+ today, thank you for asking.

(Whispers sadistically)…WHO SAID THAT!?

(Eyes nervously twitching in all directions)

(Nervously laughs)…why, what else would I be on Tim Cook day?

What else would I be…?

_______________________________________________

Alright, upon externalizing my inner crazy, I feel better now. Today’s drawdown in everything I own, more or less, is most likely the mark of death touching the “SUPER SMART MONEY FUND MANAGERS”, liquidating them.

This action will most likely persist for several weeks more, with small and sharp bounces being met by fervent selling, as the “MOST INTELLIGENT PEOPLE YOU’VE EVER MET” continue to scale out of their late entry, money losing trades.

The 2014 blast off in names like HCLP was being driven in large sum by over allocation on the part of these hedge fund savants, blessings to humanity that they are. That is increasingly clear now. They conveniently showed up way after good entry could be had, provided those of us who actually have original ideas excellent opportunity to step out the door, hyped the crap out of these positions to people with 5 minute attention spans via cable networking, and are now immolating in a pyre.

Accordingly, the “ULTIMATE EXAMPLES OF HUMAN BEINGS ON EARTH” turned lit pieces of coal must be allowed to burn down before we can have some resolution to this little debacle. It is a most excellent buying opportunity to grab some great oil and gas companies…provided you still have both your arms.

As an extra thought, there is a lesson in all of this.

The hedge fund model is dead for the foreseeable future. Which is idiotic. The hedge fund model, on the face of it, makes complete sense. Hedge funds are supposed to be smaller, more versatile structures filled to the brim with excess money that comes from calmer and more financially secure sources. Fundamentally, the hedge fund world should persistently have an edge, free from jittery clients and hamstrung investment options.

In the beginning, that’s the way things were. Cue the copycats and mimics.

I have a long held theory, a secret point of view draped in conjecture: that the plights of the world can in many cases be seen best through the lens of the disappointing children of greater men and women. Mediocrity born behind the wheel; usually reserved for those who’ve demonstrated aptitude for actually handling it.

Everybody loves their children. Everybody wants to help their children succeed. And the result is the bastard sons of senators and business tycoons getting their start up funds seeded with doomed money; setting out into the world to be driven off a cliff or into a brick wall.

This is, in my imagination, the body of invisible and unseen forces currently bleeding all over my positions.

So the hedge fund mythos is dead. Heracles’ killed the Nemean Lion, but he couldn’t survive 6,000 posers dressing up like him and smashing his reputation to shit. Nice work, everyone. The whole concept will have to lie dead for a while, until this period gets smoothed over.

In the meantime, if you’re looking to trust a lucky sperm cell, have a close friend work off onto a four leaf clover – you’ll lose less money walking behind that.

Another Purchase Of HCLP For $44.48

I added more HCLP for $44.48. Turmoil continues to roll through the oil and gas sector, and weak hands get strewn about.

As the saying goes, you can’t make an omelet without scrambling a few eggs.

IT HAS COME TO PASS

But o’ the joy that broke this afternoon! What delicious delight, scattering my sour mood to the sound of obsessed cackling laughter. One of my designs now comes to pass.

For years I have sat on CCJ, waiting patiently, unmoving. Made of stone, I was.

Now, no more waiting, it would seem. The gargoyle springs to life; the golem lives.

Japan has begun restarting the nuclear fleet at long last!

See the results for your own eyes.

Moody For No Reason

You would think I’d be in a good mood, presently up more than 1% with seven out of eight stocks green. But my mood is sullen and sulky and dark.

BAS has me in a silent furry, washing over the walls of the room. The cat finally could not stand my presence, which seemed to put her on edge; her tail swishing her way to light side steps about me while she dared whether or not to approach. Finally, caution got the better of her and she briskly toed out the door.

I want to hurt the people hurting BAS. I want them to suffer a long, drawn out demise. I want it to be humiliating.

It’s not enough for me to win, anymore. This selloff was so spectacularly stupid, I want those across the table from me to lose. We’re past the grounds for accepting victory. I want to salt the earth of the conquered, burn the heritage landmarks to ashes, then shoot the first born.

I don’t just want a massive victory. Now I also want it to be brutal.

Going Higher

I don’t know if this is just a bounce or a new leg to the rally. But we’re going up, folks.

The EURUSD is back near 1.275, after bleeding below 1.27 earlier. The collapse of the euro has been the driving force of the move in oil and the correction in the markets. That’s it; the big mystery. The oil glut, the game of “guess demand whack-o-mole”, the sudden fear – nothing next to the euro.

The other excuses being provided are just not that relevant. The data is fine. Demand is shifting around and notoriously sluggish but altogether fine also. Jobs creation is slow, but fine. There’s no real data even reflecting the fears of observers on display yet.

But the euro is an undertow and its move from above 1.4 to below 1.27 did damage. It strengthened the dollar considerably and sent trade out of balance.

With the euro firming up a bit, it’s going to help take some of the edge off. For as long as the EURUSD is lifting I am constructive on stocks and commodities.

Added To CCJ For $17.30

I upped my stake in CCJ, placing an additional 5% of my account in shares, for $17.30.

Staring Down The Meat Grinder

Yes I am down a demeaning 3%+ today, thank you for asking.

(Whispers sadistically)…WHO SAID THAT!?

(Eyes nervously twitching in all directions)

(Nervously laughs)…why, what else would I be on Tim Cook day?

What else would I be…?

_______________________________________________

Alright, upon externalizing my inner crazy, I feel better now. Today’s drawdown in everything I own, more or less, is most likely the mark of death touching the “SUPER SMART MONEY FUND MANAGERS”, liquidating them.

This action will most likely persist for several weeks more, with small and sharp bounces being met by fervent selling, as the “MOST INTELLIGENT PEOPLE YOU’VE EVER MET” continue to scale out of their late entry, money losing trades.

The 2014 blast off in names like HCLP was being driven in large sum by over allocation on the part of these hedge fund savants, blessings to humanity that they are. That is increasingly clear now. They conveniently showed up way after good entry could be had, provided those of us who actually have original ideas excellent opportunity to step out the door, hyped the crap out of these positions to people with 5 minute attention spans via cable networking, and are now immolating in a pyre.

Accordingly, the “ULTIMATE EXAMPLES OF HUMAN BEINGS ON EARTH” turned lit pieces of coal must be allowed to burn down before we can have some resolution to this little debacle. It is a most excellent buying opportunity to grab some great oil and gas companies…provided you still have both your arms.

As an extra thought, there is a lesson in all of this.

The hedge fund model is dead for the foreseeable future. Which is idiotic. The hedge fund model, on the face of it, makes complete sense. Hedge funds are supposed to be smaller, more versatile structures filled to the brim with excess money that comes from calmer and more financially secure sources. Fundamentally, the hedge fund world should persistently have an edge, free from jittery clients and hamstrung investment options.

In the beginning, that’s the way things were. Cue the copycats and mimics.

I have a long held theory, a secret point of view draped in conjecture: that the plights of the world can in many cases be seen best through the lens of the disappointing children of greater men and women. Mediocrity born behind the wheel; usually reserved for those who’ve demonstrated aptitude for actually handling it.

Everybody loves their children. Everybody wants to help their children succeed. And the result is the bastard sons of senators and business tycoons getting their start up funds seeded with doomed money; setting out into the world to be driven off a cliff or into a brick wall.

This is, in my imagination, the body of invisible and unseen forces currently bleeding all over my positions.

So the hedge fund mythos is dead. Heracles’ killed the Nemean Lion, but he couldn’t survive 6,000 posers dressing up like him and smashing his reputation to shit. Nice work, everyone. The whole concept will have to lie dead for a while, until this period gets smoothed over.

In the meantime, if you’re looking to trust a lucky sperm cell, have a close friend work off onto a four leaf clover – you’ll lose less money walking behind that.

Another Purchase Of HCLP For $44.48

I added more HCLP for $44.48. Turmoil continues to roll through the oil and gas sector, and weak hands get strewn about.

As the saying goes, you can’t make an omelet without scrambling a few eggs.

IT HAS COME TO PASS

But o’ the joy that broke this afternoon! What delicious delight, scattering my sour mood to the sound of obsessed cackling laughter. One of my designs now comes to pass.

For years I have sat on CCJ, waiting patiently, unmoving. Made of stone, I was.

Now, no more waiting, it would seem. The gargoyle springs to life; the golem lives.

Japan has begun restarting the nuclear fleet at long last!

See the results for your own eyes.

Moody For No Reason

You would think I’d be in a good mood, presently up more than 1% with seven out of eight stocks green. But my mood is sullen and sulky and dark.

BAS has me in a silent furry, washing over the walls of the room. The cat finally could not stand my presence, which seemed to put her on edge; her tail swishing her way to light side steps about me while she dared whether or not to approach. Finally, caution got the better of her and she briskly toed out the door.

I want to hurt the people hurting BAS. I want them to suffer a long, drawn out demise. I want it to be humiliating.

It’s not enough for me to win, anymore. This selloff was so spectacularly stupid, I want those across the table from me to lose. We’re past the grounds for accepting victory. I want to salt the earth of the conquered, burn the heritage landmarks to ashes, then shoot the first born.

I don’t just want a massive victory. Now I also want it to be brutal.

Going Higher

I don’t know if this is just a bounce or a new leg to the rally. But we’re going up, folks.

The EURUSD is back near 1.275, after bleeding below 1.27 earlier. The collapse of the euro has been the driving force of the move in oil and the correction in the markets. That’s it; the big mystery. The oil glut, the game of “guess demand whack-o-mole”, the sudden fear – nothing next to the euro.

The other excuses being provided are just not that relevant. The data is fine. Demand is shifting around and notoriously sluggish but altogether fine also. Jobs creation is slow, but fine. There’s no real data even reflecting the fears of observers on display yet.

But the euro is an undertow and its move from above 1.4 to below 1.27 did damage. It strengthened the dollar considerably and sent trade out of balance.

With the euro firming up a bit, it’s going to help take some of the edge off. For as long as the EURUSD is lifting I am constructive on stocks and commodities.

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