While it’s true, one day does not make a trend. It’s also true, last week’s short covering rally does not mean we’ve bottomed.
Last week, those fucking soup lines from “early January” magically morphed into high end Starbucks cafe’s, as poor became rich and the market had “bottomed.”
However, in the real world, where people are getting their houses snatched, financial institutions are eating wood. Capital spending is down and margins are being squeezed.
With my money, I will make sure the downside move is legit, prior to selling more of my long positions. Additionally, I want to remain short [[DECK]], [[LEH]], [[C]], [[BAC]] and [[WM]].
On the long side, again, I like [[AIZ]], [[CMO]] and [[CLX]].
Also, I have a floating position in [[NTRI]], hoping for the fat fuckers to “diet up,” sending the stock higher.
Finally, ahead of the Chinese holiday, expect to see ridiculous runs in China related names, as euphoria peaks. However, this is a perfect opportunity to fleece the fucking rice farmers of their coin, via buying [[FXP]], [[EEV]] and [[EFU]].
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The Fly and the FBI are watching you.
http://www.cnn.com/2008/TECH/02/04/fbi.biometrics/index.html
BAC short looks interesting. BAC, C, MER only down 1-2% today while WM tanked hard. Could be a good month to hold SRS and SKF.
where is everybody, you guys all hungover?
Love the resurgence of NTRI, would you short Dan Marino?
Cramer has totally fucking lost it!
“The Fly” owns an electricity company.
Jeff,
Have no fear. I am actively watching The Fly and his FBI buddies. I know if they’ve been naughty or nice.
re: the banks. That’s right, fuck them.
One question, when is ugly shoes going to follow its leader cwtr?
The 108 is nothing for the bully, however Hank’s 150 billion for all from the future, has started fucking with the long bonds – finally. I have been waiting for the CBOT boys to start pounding that brick back. 400 bil deficit and that’s not counting the ‘items’ paying for latrines in the desert and in the mountains overseas. Auctions coming WEds and Thurs – anyone thinking of paritcipating inversely with the bonds? The fuck Joe Public game that Hank and Ben are playing can keep going as long as the bonds allow it.
I am banking palladium coins on SWC and PAL and what the heck are you doing? How high do these two need to go before you will listen?
I have very very good reasons to put 95% of my 401K into these two. Now the South African electricity crisis means keeping the other 5% is a big mistake 🙂
calvino wrote:
400 bil deficit and that’s not counting the ‘items’ paying for latrines in the desert and in the mountains overseas.
That $400 billion is also after borrowing the $330 billion excess cash flow into the Social Security trust fund. The real deficit is over $730 billion.
I am wondering what will happen when the market starts pricing in the threat of a Hillary or Obama win, thats when the panic will set in. Minimum 11% tax hike can’t sit well. Health insurers will be sold like the plague. Energy companies will be sold. Solar Burritos will soar. Organic companies will scream higher. Abortion and Stem cell companies will skyrocket. Jewelry companies will soar in anticipation of massive gay marriage. What else am I missing? Car companies will collapse unless they make Hybrids.
Got SKF?
http://www.canada.com/ottawacitizen/news/business/story.html?id=db0041ae-fa25-43a2-b472-f8fbb851a367&k=53982
Gap –
You forgot to mention that with a democrat, the market will price in a peace dividend. Its likely that they will end Bush’s war that has drained our treasury.
Leawoodblues: Where will the dividend be funded from? Will it come from high GDP growth rates in the economy which will allow the dividend to be cut? Will I have to pay 15% or 30% on this dividend? Will the dividend price adjust the market as it would a typical stock? Thats my guess as there is no free lunch on Wall Street.
Gap –
I don’t even know how to respond to that…..you make no fucking sense.
Leawood, he’s gigging you. Not much of a “dividend” if all you have to do is ramp it up again when the Dems get lax on defense like they did in the nineties.
More like a “credit card spree.”