8 All of my theses are working, with names taking off, oh except for EXK and GLD, slkdjfoiwejfoiwejfoasdiofhzsouafpowuaef!!!!! Why you ask? Well, apparently some clown of ass at the Fed decided they did not want to play Benjamin Shalom Bernanke’s game anymore. Guess what PAL! “The Clam” will use you as his own personal ashtray, ashing his blunts in your open mouth, with you begging for more. “Please sir, may I have another?” Guess what? WE ARE JAPAN, just a far less educated, less polite, fatter, and lazier version. Then again, they do some weird stuff. Don’t bother with that, mind you, as Senor Tropicana sits upon his stead with Katana in the air, ready to unleash “The Rhino” upon those who do not want to participate in POMerica [sic @raul3].
You may have won the battle today, but you will lose the war. A war of attrition, with asset purchases being dropped on your head like gold bars from a Sopwith Camel. Adieu.
8 Responses to “Bet Against Me, and You Bet Against The Clam”
TraderCaddy
While bad for hard commodity stocks like the PMs a steepening yield curve should be good for the major banks (JPM,C,BAC,etc.).
They borrow at the short end and lend it out with rates closer to the mid and long end. Also could reflect a stronger economy and more lending.
That is the theory anyway.
Rhino
Problem is no one is looking to expand, so the demand for lending is low. Mom is a banker.
elizamae
Rumor has it that Japanese businessmen enjoy laying under a glass coffee table while a (hired…typically) woman squats on top of it and takes a sh….oops, I think I’ve said too much.
Rhino
I believe it also involves a few electric eels….
Cris
Freaking insane what a day make, yesterday GLD was rising every minute now we are back to square 1.
How is the fed manipulating this, can they even stop spending..
Are you still holding GLD rhino?
Technicals are very bearish and with these kind of news, it’s not helping
Rhino
Yeah, I am still holding GLD and EXK, not safe to bet against the Clam.
Cris
Thanks for the reply,
Wondering what’s your view with Gold, i’m hedging with Gold because like Fly posted,
Unemployment rate has dropped from 8.3% in august to 7.7% last december,
so it shows spending actually works.
How can FED says its not working, and as fly said. unless unemployment rates tomorrow or this year gets to low rate like 6.5% approx.
How can they stop spending? It clearly shows improvement.
I’m buying gold because fundamentally i believe the currency war do exist.
Thinking to hold gold for at least 2 years as an investment until there’s some sign of a ‘bubble’
Noobie trader here, pardon my idiocy
TraderCaddy
Watching KRE etf (Regional Banks).
It has been going higher all PM along with some larger ones like PNC,ZION,RF,etc.