It’s amazing to see”professional money managers” on CNBC exclaim we are at or near a bottom and brag about being fully invested. Mutual funds do not have to be 100% in stock. What’s wrong with having a 10-15% cash position?
I mean, really, if you are bullish and insist on being long stocks, dollar cost average into your favorite positions—from now until summer. Upon doing so, I’m sure you “bottle fuckers” will only be down 20%, instead of 40%, by the 4th of July.
As for Europe:
I want to sell short the entire country of Germany. In 2008, earnings are expected to be down 18%, as slow growth, coupled with a weak dollar, knee caps their exports. The whole world is fighting for the Asian consumer. The one advantage us Americans have over the Euro whores is our incredibly shrinking dollar. It’s killing them.
My guess, German markets will double whatever egregious losses that come out of the U.S., effectively sending the DAX below 6,000.
Oh, and another thing: quit excluding financials from your fucking earnings estimates for the S&P 500. That’s as stupid as the fucktards who exclude food and energy from the inflation data.
Thanks.
Finally, with my money, I want to add to [[SMN]], [[DUG]] and [[LEH]] short. Also, without doubt, oil has significant downside here, which will benefit [[DCR]].
As of right now, my largest position is [[SKF]].
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As screwed as Brazil?
Hit MOS here, too.
Or SMN, as MON will “take the bagel” today as well.
Who is responsible for walking up this shit today?
JakeGint, how bout updating your blog once in a while?
http://www.jakegint.blogspot.com/
Out of MOS for 4 pts this morning. I think we see a pullback this afternoon.
Scalping with tomahawk in hand.
keep an eye on DEEP. something is up there.
MOS will get my cleaver to the head on a break below 93.
Europe is the Beast of Revelation.
…especially if people cut from the mold of this guy get the nod at the EU.
We don’t hear political speeches with this kind of energy anymore. Not that we really want to.
Just saying……..
Would the S&P just go to 1320 already? My pockets are smoking.
Know what you ask for Alpha…
Brazil screwed??? James L. Cramer has said it’s his favorite economy inthe world.. gues that put the hex on those unsuspecting people. Some Brazilian should do someting bad to him, for doing that to their country.
anybody concerned about CSCO’s earnings after the bell? JDSU had a positive outlook.
Fly,
Most mutual fund managers must be 95% invested at all times. This means they have no other choice but to tell the world to buy.
BRIC ON FIRE…Burning Down the House. Germany will get schnitzeled.
Europe slowing down means ECB will cut rates=bullish for the dollar.
And gold.
Fly,
You still in / like FXP here?
GW:
I’ve heard people say this before. I know for a fact that some funds DO NOT demand their managers be fully invested.
My advice: if your fund demands its assets be 95% invested at all times, sell it.
Alph:
Yes. But I own more EFU.
Ugly shoes is either finished forming the right shoulder now from its head, or its not going to go down.. ever.. never again.
what is the top pick here?
eev, skf, smn, dug?
resistance is futile
http://arcticbeacon.com/sound_tidbits/2008/0107-2008-Cloak&Dagger-Eric_Jon_Phelps_Greg_Szymanski.mp3
Germany…..as (or more) screwed as Spain and Italy? If so, is your thesis based on relative stock valuations or do you believe that Germany is in for more troubles on an absolute basis than Spain and Italy?
CHEERS!
D
what % long do you suppose Ken Heebner is right now? I will continue to trust him with my money.
AAPL is looking like hell today. I saw the chart and thought I was looking at Giuliani’s poll numbers before he dropped out.
Yeah, we’re close to a bottom .. another bottom … another 5% rally bottom
late next week
Thanks for the info. Down with the banks.
Down with Rockefeller.
Shroom-
I talked to one of my contacts that Heebner manages money for.
Heebner is about 4% cash.
He still thinks we’ll avoid a recession by the skin of our teeth.
Barely avoiding a recession is barely better than a recession, and can be even worse than a recession if the period of barely avoiding drags on and requires the Fed to engage in heroics that have bad side effects further down the road (see bubbles, series of).
CRM has done its thing – someone here can fucking thank me and apologize for all the insolence.
update.. ugly shoes has also done its thing, the right shoulder dropped for a quick two quid
Been with you the whole way, Calvin.
(‘Cept for that Hucksterbee shit…)
so why have fly (by cover) and some other guy (by warning) got cautious on DECK short? rumor of good earns?
Is there an easy way to be short Germany? Or all of Europe, for that matter?
cal-
congrats on CRM, been rooting for you the whole time.
fuck i hate that stock, nice textbook bearish engulfing candle today.