What A Beautiful Weekend

I pray you all had a wonderful Father’s Day, relishing in the perfect weather we had. It was one of quiet reflection and cheer amongst the Thaler brood, as the various Patriarch’s of our branches met to be doted upon. A small feast of a quarter hecatomb was made (one cannot be too exorbitant) out in the garden’s; well kept. Although no one was inside, the floors were well polished and the wood was oiled. Incense was burned in every room, and the 9th Floor was a spectacle of good form.

With the guests setting out back to their respective halls, Cain sat in one of his quiet places outside and enjoyed a nice book (on ring homomorphisms).

Today, the sublime weather carried over for another day, my treasury is up another .45%. Be sure to make good of these small blessings.

Just Nothing Happening

We’ve been churning nowhere for months now. It’s getting real boring. BAS and HCLP clobbered me on Monday but they were up so much, I’m still – still – ahead. That’s almost unbelievable, but it’s true.

So I’m doing what I always do when I’m bored and trying to avoid getting real work done. I’m running around Twitter throwing things at various political groups, because it’s entertaining.

Naturally, the 9th floor is a good ol’ boys club, replete with both whiskey and hunting rifles (best combination ever). Reading some of the flagrantly unfair “studies” being published by Bloomberg’s sprawling anti-gun fetish, I can completely see why the NRA opposed any gun studies being published with taxpayer money. Having nothing would still be more useful to the public than what’s coming out right now.

How do you squeeze 70+ school shootings in one year onto a map? Simple: just pretend like things that obviously aren’t school shootings are actually school shootings.

Thankfully, the disinformation campaign seems to be having zero effect. American’s have never been more opposed to treating violent crime as an excuse to restrict gun liberties, and I frankly couldn’t be happier about it.

Welcome Back

I hope your long weekend was well and filled with rich celebrations. Many thanks to all of our veterans, naturally.

I’m watching some of my stocks reverse from this mornings rally. Several of my higher performing names have turned lower. Yet others of my worse performing names are continuing upwards. This could be money reallocating into risk, or it could just be the first swing to a weak close.

Mind you, I am not acting on the above paragraph. This is just me musing.

There were several developments that occurred this weekend which you should be aware of, if not concerned about.

The first was a sweeping rebuke of Putin’s “We Were Invited” argument for annexation of his neighbors property. Ukraine voted overwhelmingly, in all regions of the country, to retain sovereignty. Putin was forced to acknowledge this humiliation, as Ukrainians demonstrated real courage, casting votes of disobedience at the point of a gun. Well done. Then this morning, Ukrainian forces successfully hunted down a group of insurrectionists that had seized an airport. This all goes a long way to stemming the bleeding.

The second was an equally sweeping referendum of an election against the EU. The powers that created the EU have, again, been put on the spot, much to their surprise. While they sputter and try and pretend that this isn’t happening, the average European citizen (who is not a crazed ideologue) continues to clearly articulate that the deterioration of country borders into a power, international entity is unwelcome.

That is more or less the sole purpose of the EU. Whether or not it translates into action remains to be seen. For the moment, one can simply comment that much of the purpose of the Union which goes above and beyond mere open trade and international cooperation, is being received very poorly even this long after the beginning.

Greece Just Retroactively Taxed Greek Bond Gains For Entities 33%

Well, I guess I may have my absent news story. I’m not going to track it down, but it appears that non-national entities holding Greek debt are about to receive a 33% retroactive haircut on any profits. And if you cross check the timeline involved here, Greek debt having traded down from yields well above 20% to below 6% today well…that’s quite a dick move on their part. Particularly when you consider how desperate Greece was for an extension of any lending around that point in time.

The Greek 10 is taking this news “casually”; Greek yields being up about 50% at the time of this writing. And oh look! Italy and Spain appear to be in play too.

This follows another “casual” conversation earlier about maybe Greece fucking off and getting kicked out of the EU.

I do so love this recurring nightmare…

UPDATE: For the record, the Greek Finance Minister is vehemently denying the report. Also for the record, the bond market doesn’t believe him.

Day End, Up 2%

Now is not the time for fear. Now is the time for holding fast, with big brass balls, goading the fearful to try and move you from your stance.

Dispense with your crash calling, immediately. All that you need know is as simple as this; the market has never been higher, and the future points up.

I confess, I bordered on fearful just last week. I almost did something about it too.

But almost doing something matters not. My positions are bouncing off their respective moving averages, and I don’t own anything worth fretting over.

Now comes the part where, unflinchingly, we round on those fleeing towards us, causing them to derail, in terror.

Get ready for quite the spectacle.

I Want To Raise Cash, But Have Nothing To Sell

This is a very aggravating point which I find myself in; stewing around the 9th floor, pacing up and down the length of the rug.

On the one hand, I do not trust “the market”. “The market”…is a real dick and is always out to get me. “The market” is populated by the lowest common denominator of human life. “The market” is driven by emotions and cheaply dismissed arguments.

“The market” can go to hell.

But on the other, I cannot for the life of me identify what it is I should sell. I’ve been through my portfolio twice, with a comb, and frankly, it’s just not that expensive.

If I get a wooden stake through my heart owning a company like MAA, 95% occupied multifamily rental business during a disappointing re-collapse in mortgages, with almost no multiple baked in for growth…I mean, what am I supposed to own?

The only position I have which I can clearly identify as “overvalued” – based exclusively on the metrics – is CCJ (or UEC). But those positions have nothing to do with the metrics, and are still so cheap…what, are we going to not trade uranium ever again? Sure, why not let the fuel for 10% of the grid go offline through massive mining failures. I love playing Dystopia as much as the next kid on the block.

And I know what’s going to happen. The instant I buckle and buy some hedging, one of my positions goes on “the run” again and I miss out.

So that’s the wrap. I just can’t see how the market doesn’t correct – you don’t sustain the kind of damage some of these stocks have seen without there being some follow-through repercussions. I find myself having too little cash and nothing to sell – and horror! I was at 30-40% cash just in February.

To hell with all of you. I blame the NASDAQ for this. You should need a license to invest in tech stocks – way too much responsibility for some of you.

What A Beautiful Weekend

I pray you all had a wonderful Father’s Day, relishing in the perfect weather we had. It was one of quiet reflection and cheer amongst the Thaler brood, as the various Patriarch’s of our branches met to be doted upon. A small feast of a quarter hecatomb was made (one cannot be too exorbitant) out in the garden’s; well kept. Although no one was inside, the floors were well polished and the wood was oiled. Incense was burned in every room, and the 9th Floor was a spectacle of good form.

With the guests setting out back to their respective halls, Cain sat in one of his quiet places outside and enjoyed a nice book (on ring homomorphisms).

Today, the sublime weather carried over for another day, my treasury is up another .45%. Be sure to make good of these small blessings.

Just Nothing Happening

We’ve been churning nowhere for months now. It’s getting real boring. BAS and HCLP clobbered me on Monday but they were up so much, I’m still – still – ahead. That’s almost unbelievable, but it’s true.

So I’m doing what I always do when I’m bored and trying to avoid getting real work done. I’m running around Twitter throwing things at various political groups, because it’s entertaining.

Naturally, the 9th floor is a good ol’ boys club, replete with both whiskey and hunting rifles (best combination ever). Reading some of the flagrantly unfair “studies” being published by Bloomberg’s sprawling anti-gun fetish, I can completely see why the NRA opposed any gun studies being published with taxpayer money. Having nothing would still be more useful to the public than what’s coming out right now.

How do you squeeze 70+ school shootings in one year onto a map? Simple: just pretend like things that obviously aren’t school shootings are actually school shootings.

Thankfully, the disinformation campaign seems to be having zero effect. American’s have never been more opposed to treating violent crime as an excuse to restrict gun liberties, and I frankly couldn’t be happier about it.

Welcome Back

I hope your long weekend was well and filled with rich celebrations. Many thanks to all of our veterans, naturally.

I’m watching some of my stocks reverse from this mornings rally. Several of my higher performing names have turned lower. Yet others of my worse performing names are continuing upwards. This could be money reallocating into risk, or it could just be the first swing to a weak close.

Mind you, I am not acting on the above paragraph. This is just me musing.

There were several developments that occurred this weekend which you should be aware of, if not concerned about.

The first was a sweeping rebuke of Putin’s “We Were Invited” argument for annexation of his neighbors property. Ukraine voted overwhelmingly, in all regions of the country, to retain sovereignty. Putin was forced to acknowledge this humiliation, as Ukrainians demonstrated real courage, casting votes of disobedience at the point of a gun. Well done. Then this morning, Ukrainian forces successfully hunted down a group of insurrectionists that had seized an airport. This all goes a long way to stemming the bleeding.

The second was an equally sweeping referendum of an election against the EU. The powers that created the EU have, again, been put on the spot, much to their surprise. While they sputter and try and pretend that this isn’t happening, the average European citizen (who is not a crazed ideologue) continues to clearly articulate that the deterioration of country borders into a power, international entity is unwelcome.

That is more or less the sole purpose of the EU. Whether or not it translates into action remains to be seen. For the moment, one can simply comment that much of the purpose of the Union which goes above and beyond mere open trade and international cooperation, is being received very poorly even this long after the beginning.

Greece Just Retroactively Taxed Greek Bond Gains For Entities 33%

Well, I guess I may have my absent news story. I’m not going to track it down, but it appears that non-national entities holding Greek debt are about to receive a 33% retroactive haircut on any profits. And if you cross check the timeline involved here, Greek debt having traded down from yields well above 20% to below 6% today well…that’s quite a dick move on their part. Particularly when you consider how desperate Greece was for an extension of any lending around that point in time.

The Greek 10 is taking this news “casually”; Greek yields being up about 50% at the time of this writing. And oh look! Italy and Spain appear to be in play too.

This follows another “casual” conversation earlier about maybe Greece fucking off and getting kicked out of the EU.

I do so love this recurring nightmare…

UPDATE: For the record, the Greek Finance Minister is vehemently denying the report. Also for the record, the bond market doesn’t believe him.

Day End, Up 2%

Now is not the time for fear. Now is the time for holding fast, with big brass balls, goading the fearful to try and move you from your stance.

Dispense with your crash calling, immediately. All that you need know is as simple as this; the market has never been higher, and the future points up.

I confess, I bordered on fearful just last week. I almost did something about it too.

But almost doing something matters not. My positions are bouncing off their respective moving averages, and I don’t own anything worth fretting over.

Now comes the part where, unflinchingly, we round on those fleeing towards us, causing them to derail, in terror.

Get ready for quite the spectacle.

I Want To Raise Cash, But Have Nothing To Sell

This is a very aggravating point which I find myself in; stewing around the 9th floor, pacing up and down the length of the rug.

On the one hand, I do not trust “the market”. “The market”…is a real dick and is always out to get me. “The market” is populated by the lowest common denominator of human life. “The market” is driven by emotions and cheaply dismissed arguments.

“The market” can go to hell.

But on the other, I cannot for the life of me identify what it is I should sell. I’ve been through my portfolio twice, with a comb, and frankly, it’s just not that expensive.

If I get a wooden stake through my heart owning a company like MAA, 95% occupied multifamily rental business during a disappointing re-collapse in mortgages, with almost no multiple baked in for growth…I mean, what am I supposed to own?

The only position I have which I can clearly identify as “overvalued” – based exclusively on the metrics – is CCJ (or UEC). But those positions have nothing to do with the metrics, and are still so cheap…what, are we going to not trade uranium ever again? Sure, why not let the fuel for 10% of the grid go offline through massive mining failures. I love playing Dystopia as much as the next kid on the block.

And I know what’s going to happen. The instant I buckle and buy some hedging, one of my positions goes on “the run” again and I miss out.

So that’s the wrap. I just can’t see how the market doesn’t correct – you don’t sustain the kind of damage some of these stocks have seen without there being some follow-through repercussions. I find myself having too little cash and nothing to sell – and horror! I was at 30-40% cash just in February.

To hell with all of you. I blame the NASDAQ for this. You should need a license to invest in tech stocks – way too much responsibility for some of you.

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