18 Greece was oh so tragic tonight, wrong CNBC, there was nothing tragic about it. It is somewhat shocking to me that it all went so swimmingly. What is even more crazy to me is that the maniacs in the left-wing party who want to reject bailout terms and somehow (how!?) keep their lazy ass lifestyle. I’m afraid General Le Fly has given me the war order. He has ordered me to ready the trebuchets, the orbital space cannon, and to have the dick guillotines sharpened. I am readying my infantry(cash), for the coming battle. TNA is a no brainer and I am going to put that order in tonight with a limit of $50. I wouldn’t be surprised if it hits $60 tomorrow. It may however, go down, because anything it seems can get “fuckbooked” at any moment. I am contemplating shorting VXX, what’s another good play that is bullish(bearish on volatility I guess?)? I, for some fucked up reason, am a really good short seller and it actually feels more comfortable to me, which is kind of creepy. It’s such a negative tone, “fuck you! You are going the fuck down!” that sounds horrible.
My ZNGA puts expired worthless, also lesson be learned, NEXT TIME SHIT HITS THE FAN BUY MORE INSTEAD OF SELLING ASSHOLE. That is me talking to myself. Damn did I blow it on not riding out ZNGA and especially YELP. Can’t cry over spilled milk I guess. I gave my lady the advice to put in a limit order for PMM at a price of $7.52, this is a great muni-fund that I actually convinced her into investing in. She has been loving the monthly dividend, 4x that of a CD with the liquidity of stock, yes, I know there is risk but it is extremely low, SMART ASS. Here is the advice I gave my parents about their IRA’s and 401k’s that I don’t have control of.
I advise going long into equities tomorrow, with a position allocation of 50% for the low risk investor, in your guys case I would do the same. No need to gamble, I’ll be throwing a lot in but I have the time to make it back. With the Greek election results we should see an epic rally, thus propelled by QE3. The estimate is that $3trillion will be printed, even though this is only less than the liquidity demand throughout world markets. The rising strength in the Euro and other currencies will hopefully lower the demand, thus keeping the dollar at a semi-deflated state. When QE is officially announced the rally will be of epic proportions, I will give notice, at this point I advise going all in. After making 10-20%. I advise, liquidating 30-50% position allocation then transferring half of said funds into cash and money markets, in order to hedge against risk and volatility in today’s information driven markets.
So yeah that is the fuckin deal gents. I’m priming the cannon currently, about to hit the “submit order” button. May you all enjoy victories in the coming battles.
The Once and Future Rhino.
The Greeks wish it was a perfect world but I’m afraid it can’t be, or can it?
18 Responses to “So Tragic”
elizamae
Going all in on the other side of any stupid fucking special that CNBC puts on has been the trade of 2012. First $FB now Greece. There were probably others earlier in the year as well. I find it hard to believe that a competitor hasn’t stepped up to dethrone those clowns.
Rhino
Dude, it is ridiculous, but Bloomberg is actually worse I think?
elizamae
I don’t really watch Bloomberg, but at least they don’t make a complete circus out of these events using the guise of “trust”.
My favorite CNBC commercial is the rancher who moonlights as a commodity trader and uses the CNBC app to keep up with his commodity trading. LULZ.
Rhino
LMFAO dude!
drbigboss
cnbc is just a bag full of idiots. amazing that they still exist? I’m not sure who still watches that pollution and thinks its relevant. Probably the same ass clown mutual fund managers that move stocks on “upgrades”??
elizamae
The redhead who I only see in “highlights” from the early morning show is pretty cute…that’s about where the redeeming value of CNBC ends. That little bald guy with the beard who does all the yelling and screaming is tolerable for a chuckle, not really for financial advice though.
drbigboss
I am certainly long the change from boring old men to hot women with little financial knowledge on mainstream investment news.
DJMarcus
wouldnt be surprised to see us red tomorrow. i’d like to see a bit of digestion first. but generally see us trading the way you just described.
Rhino
Yeah me either, it seems as though dips and spikes can some from literally anywhere in this market.
thetapeguy
Head fakes galore
rhino
PeePee stomp.
Dogbreath
How do you see this not being a rerun of last Monday? Spanish bailout; futures up big then declining; high print at the open and then the steady downdraft? Or is it too obvious that the same scenario would repeat itself a week later?
thetapeguy
Rhino you see more official QE announcements after this? Shit for all we know, the bernanke could have a gun to his head in order for obama to win this one.
Rhino
Oh he def does, but not for the private sector because they are doing just fine.
drbigboss
while greece not deciding to unleash the zombie hoards on europe is positive for stocks I don’t know how much impact this will have on the various country sized bank runs going on over there.
Rhino
‘ever the pessimistic one.
drbigboss
I get paid to be a realist so I just have to call it how I see it. Greece still going to have to reneg on the bailout terms, maybe this changes the timing and maybe not. I’m down to trade this on the long side but I can’t help but feel like every monday I could get up, make my coffee, sit on the porch and drink it at 5:30am and then come in to see the S&P -19% on news the shit has finally hit the fan in euroland. Tough to be long with conviction when the upside is maybe 10% on the S&P from here and maybe -30% should this go badly.
noodleboy
Dope post Rhino man