Let’s see who’s right, shall we?
You and your sub 100 IQ or “The Fly’s” market mastery and 155 IQ.
You know as well as I, today was a horrendous day for the market, which was masked by strength in oil and [[BA]].
At this point, I have my cards. I am playing my hand with the temerity of a hungry mountain lion, inside Bob Pasani’s house.
My top holdings include: [[SMN]], [[SRS]], [[SKF]], [[FXP]] short [[FED]], short [[DSL]], short [[LEH]], short [[TSCM]], short [[MON]], short [[WM]] and long [[DGP]].
Now, I’ll just sit here, patiently, waiting for recessionary eps reports to come rolling in.
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Not to forget, you still hold the brick house called GD right?
i am a genetic engineer i think my IQ is higher.
Me have IQ of 155 too.
But dat brain in shop.
Yes, you’ve been very patient.
Speaking of which, how many more hours until A-Dawg wins the “Woodshedder Lazy Ass Blogger of the Month” award?
Kurt:
Judging by your run on sentence, I say no.
What exit point do you have in mind for FXP?
Fly:
I said I was a genetic engineer not an english teacher. I have decided to use colloquial language and grammar as to not alienate your “sub 100 IQ readers”.
Anyways the Fly might win sometimes, but the bag of flesh you call a body will eventually need my company’s cures. Hence, I will get the final victory.
I dndi”t rlaeize taht poprper pcatuinoun! spleling? and” (/grmmaer/) was a good inidcaiotn of itelnlingece, aslo kwonn as I?Q?
BBBY – buh-bye
Moment of Clarity
Would I be right in saying SMN will likely not go up if the dollar inflates to it’s demise? (not saying it will) or would that be incorrect?
I guess that’s why DGP is a good hedge…
When kurt says he’s a genetic engineer, he just means his dad drove trains too.
^hahahaha
Ugly forecast by BBBY….I’m gonna have to spend some time in the armory tonight.
Fly,
I’ve got my Proshares Prospectus in front of me, but they don’t seem to have anything retail specific (short, or long).
You (or anyone?) know of any short retail ETF’s?
Jake: XRT
Global Retail and Consumer Goods & Services ETFs
======================================================
iShares S&P Global Consumer Discretionary Sector Index Fund (RXI)
Broad Global Retail and Consumer Goods & Services ETFs
======================================================
Consumer Discretionary Select Sector SPDR Fund (XLY)
Consumer Staples Select Sector SPDR Fund (XLP)
iShares Dow Jones U.S. Consumer Services Sector Index Fund (IYC)
iShares Dow Jones U.S. Consumer Goods Sector Index Fund (IYK)
Merrill Lynch Retail HOLDRs (RTH)
SPDR S&P Retail ETF (XRT)
Vanguard Consumer Discretionary ETF (VCR)
Vanguard Consumer Staples ETF (VDC)
Retail and Consumer Goods & Services Sub-Sector ETFs
======================================================
Claymore/Robb Report Global Luxury ETF (ROB)
iShares S&P Global Consumers Staples Sector Index Fund (KXI)
Foreign Retail and Consumer Goods & Services ETFs
======================================================
WisdomTree International Consumer Cyclical Sector Fund (DPC)
WisdomTree International Consumer Non-Cyclical Fund (DPN)
Equal Weight Retail and Consumer Goods & Services ETFs
======================================================
Rydex S&P Equal Weight Consumer Discretionary ETF (RCD)
Rydex S&P Equal Weight Consumer Staples ETF (RHS)
Fundamental Index Retail and Consumer Goods & Services ETFs
======================================================
PowerShares FTSE RAFI Consumer Goods Sector Portfolio (PRFG)
PowerShares FTSE RAFI Consumer Services Sector Portfolio (PRFS)
Quant Strategy Retail and Consumer Goods & Services ETFs
======================================================
First Trust Consumer Discretionary AlphaDEX Fund (FXD)
First Trust Consumer Staples AlphaDEX Fund (FXG)
PowerShares Dynamic Consumer Discretionary Sector Portfolio (PEZ)
PowerShares Dynamic Consumer Staples Sector Portfolio (PSL)
PowerShares Dynamic Food & Beverage Portfolio (PBJ)
PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ)
PowerShares Dynamic Media Portfolio (PBS)
PowerShares Dynamic Retail Portfolio (PMR)
PowerShares Dynamic Telecommunications & Wireless Portfolio (PTE)
Leveraged Retail and Consumer Goods & Services ETFs
======================================================
ProShares Ultra Consumer Goods ETF (UGE)
ProShares Ultra Consumer Services ETF (UCC)
Inverse (Short) Retail and Consumer Goods & Services ETFs
======================================================
ProShares UltraShort Consumer Goods (SZK)
ProShares UltraShort Consumer Services (SCC)
Retail and Consumer Goods & Services Sub-Sector ETFs
======================================================
PowerShares Dynamic Food & Beverage Portfolio (PBJ)
PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ)
PowerShares Dynamic Media Portfolio (PBS)
PowerShares Dynamic Retail Portfolio (PMR)
PowerShares Dynamic Telecommunications & Wireless Portfolio (PTE)
Jake:
I assume you want to short discretionary retailers?
I haven’t found a proshares one that is real good for that purpose
BTW I was tied up all day today in meetings.
Can’t say that I am familiar with the history of firing/not firing the grunts, but I can say that besides general layoffs across the board (front/middle/back office) offers are being pulled for interns………..So sorry.
Also, FUCK LEHMAN
http://www.ft.com/cms/s/0/58571d70-0660-11dd-802c-0000779fd2ac.html?nclick_check=1
Thanks fellahs… it looks like XRT is the only one with sufficient volume to trade around.
Shame it doesn’t have an inverse… Proshares, get on it!
May I be the first body part to say that I’m “grossed out” by the thought of Boomer’s hairy, sweaty back?
DCR, inverse oil ETF getting liquidated.
SZK: ultra short consumer goods
My back is not hairy, thank you very much.
Shit, Lurker, I’m glad you weren’t off in an aloha suite anywhere… (ggg).
I guess you never went through an “analyst program” (it’s the “straight outta college” thing) in a Bulge?
Well, from my experience, most of the Bulge’s have had a “force field” around those people for the history of those programs. Even when shit was hitting the proverbial fan at First Boston (before it had to sell itself to the Suisse), and they were letting entire departments go in order to raise capital, they did not let one IB analyst (or their trading floor equivalents) go.
This was true of the other Bulge’s too, from my experience and from what I’ve heard from friends. True even during the Dotbomb meltdown, etc.
And Goldman, crap, they don’t let that many people go, period (I always likened them to an Ivy League school… hard to get into, but once you were there, you had to set the managing partner’s/Dean’s office aflame in order to get fired/kicked out).
So obviously, when I heard this piece of news today, it raised some red flags. Now, caveat… I have not been in NY for a while, and that whole “cultural” aspect surrounding the analyst programs may have gone by the wayside in the last couple of years.
It just doesn’t seem to make sense, though, as one of the reasons they made a practice of NOT killing the juniors is that it was bad for recruiting when they wanted to ramp up again.
It sort of gives me the willies that those considerations have been set aside.
Your back has a back?
Are you hunchbacked, then?
I donated my back hair to locks of love, makes wigs for asshats.
http://www.flickr.com/photos/rooftop_redhead/97831423/
Fly, thanks, but consumer goods is a little bit different, for my purposes (not that the two are not linked).
I really like the ticker on that luxury goods ETF — “ROB.”
It’s a shame it only trades 100 shares a day…
The problem with SZK (assuming you want to short discretionary names) is that it is heavily weighted in non-cyclical names.
Top 10 Index Companies1
Weight
Procter & Gamble Co. 16.52%
Altria Group Inc. 11.43%
Coca-Cola Co. 9.42%
Pepsi Co Inc. 8.54%
Kraft Foods Inc. -Cl. A 3.64%
Colgate-Palmolive Co. 2.91%
Anheuser-Busch Cos. Inc. 2.77%
Kimberly-Clark Corp. 2.13%
Archer Daniels Midland Co. 1.97%
Nike Inc.- Cl. B 1.69%
Index Sector Weightings2
Beverages 23.62%
Household Goods 23.06%
Food Producers 16.70%
Tobacco 13.63%
Personal Goods 11.18%
Automobiles and Parts 6.49%
Leisure Goods 5.31%
I donated my back hair to locks of love, makes wigs for asshats.
__________________
Well, isn’t that… (sickmaking) … special!
Jake:
You are correct.
I never went through a formal analysts training program (thank God)
I came in later as an experienced hire.
two good bill cara posts
http://www.billcara.com/archives/2008/04/caras_commentary_community_cha_173.html#more
http://www.billcara.com/archives/2008/04/daily_report_for_wed_apr_09_20.html#more
gold headed south near term, then up and away
Dear Mr. BOOMER:
Thank you for your generous contribution of back hair. We fashioned a stylish asshat toupee for one of our biggest asshats, Mr. Assholio.
Please enjoy the covering of his asshatness:
http://www.flickr.com/photos/97489578@N00/2127404074/
http://www.flickr.com/photos/97489578@N00/2127401086/
http://www.flickr.com/photos/97489578@N00/2127401092/
Sincerely,
LOCKS OF LOVE
Dcr had a big forced sell today according to the desk I talk to. It decoupled from oil about mid day when it fell through 7. I would expect this to correct soon. I am hedged long dvn.
Doesn’t 450 oil make your car get better has mileage? That’s what they told me atleast on cnbc.
Gapping:
“The reason DCR is down so much today is because there is an early termination clause in the structure of the notes. If the front-month price of crude closes above $111 for three consecutive days, the termination clause takes place and the notes will stop trading at their NAVs on the 4th business day prior to the end of the quarter that the termination occurs. Shareholders will receive distribution on the 3rd business day following the end of the quarter.
Going into today, DCR was trading at just over $9 per share, but its NAV was $3.82. Remember, if oil closes above $111 for 3 consecutive days, the termination clause goes into affect and the shares are redeemable at NAV at the end of the quarter. As oil trades above $111, the share price has moved lower and lower. This trend should only accelerate as oil stays above $111. Currently, DCR is down 26.33% to $6.76.”
Holy shit, Boom, it’s the look of gratitude that really makes all that awkward shaving worthwhile, isn’t it?
Aside: Your immediate (or, whenever) “Mr. Music Bidness” take on this site/product offering/service?
I never went through a formal analysts training program (thank God)
I came in later as an experienced hire.
What complete bullshit! I protest!
That’s like getting into the Marines with all the cool knifing and shooting gear & shit without having to go through Paris Island or Quantico!
Unfair!
Aside:
Is there a cooler commercial on the air right now than that one showing all the Marines doing the twirling thing with their carbines in a huge line stretching all the way across America, even to commie San Francisco that hates them?
Doesn’t 4.50 oil (sic) make your car get better has mileage? That’s what they told me atleast on cnbc.
(I assume you mean gas.)
Answer: Likely, because you’ll tend to walk more and consolidate short trips. Longer trips get better mileage, on average.
Jeff Macke is a fucking idiot.
he says:
It doesn’t matter at what price C sold is leveraged loans.
This is bullish?
When was the last time that stupid fuck made a good call.
I am the worse stock caller on tv
Maybe Fly can use his influence to get an Ultra-Short the high rent mall stores ETF? We arre gonna back-stop you on all that stuff, Fly. Short everything except gold and oil?
Wallstreetlurker: thanks for the info.
Jake: Well said I was typing on the blackberry and got carried away. Good analysis though. Now what about 8 dollar corn providing more nutrition than 4 dollar corn?
Jakey:
Don’t hate.
I make no apologies for not having to be a data crunching slave
I salute the sacrifice of the adderall addicted model monkeys.
Besides, I put in more than enough time and took more than my fair share of abuse as an overpriced lunch delivery man and random errands runner.
Jake – I looked at that site. Its for a small niche genre, electronic/DJ stuff. Virtually zero sales as a genre.
However, I like how they sell the loops/samples for DJs and the finished tracks for consumers/fans. The loops and samples are the money makers as producers/programmers need fresh stuff to make remixes and new albums. It’s as important today as a great vintage Les Paul was decades ago.
The space is very competitive, and technology dictates what kids of samples work for the producer – Reason, Apple Logic, Protools, etc. File types are proprietary, so its hard to roll up the whole genre. You have to productize the audio by technology and that gets expensive. Frequently the hardware side reserves file types as proprietary, and wont let samples get released without a licensing fee.
Some friends made a nice chill out CD in this genre, which I recommend. Found here:
http://www.chillodesiaclounge.com/
They are selling it, at my advice, in lifestyle stores primarily. High end furnishings, high end clothiers, etc.
There is no money in music right now. Some money in the gear/software that makes the music.
If you are investing in them, and need advice, I’m happy to help.
Check out AVID, a company that does this stuff:
http://finance.yahoo.com/q/bc?s=AVID&t=1y
BOOMER
Boom,
Thanks for the input. They are looking for dough, and I have a group of local mafiosi that looks at this kind of shine.
I will let you know if we schedule them for a thorough CT scan.
Now what about 8 dollar corn providing more nutrition than 4 dollar corn?
Vitamin fortified, or no?
FLY
You need to talk to Adam. What the fuck are his posts all about? It would be nice if he threw some ideas out there or maybe a trade or two. He is fucking up ibankcoin.com with some dumb ass shit. Get him to write about options or get him the fuck off the site.
By the way, the Mets suck too.
Boom,
I dig the cover shot. Right out of this website!
I don’t agree, Hank.
I mean, I agree the Mets suck, but that’s it.
I sense that old man Adam is a wonderful teacher/writer but a horrible trader. He should probably post a real position every once in a while to convince us otherwise.
Yeah. Bark out those trades right or wrong.
Hank, chill the fuck out, dude. Cut Adam some slack & let him be himself. No one tells you to follow in my footsteps, because you can’t follow my act. I was the best there ever were, Pauley Girl.
Adam, post a trade for Hank to follow. Give him a few winners & when he really thinks you are the poop to end all, then give him a stinker, to shut him, the fuck, up.
Hoot mon!
If ye hadanae bawls, ye’d ha gone long in DUG alsay!
Wer’s yer pecker, laddie!
Ammo check
http://online.wsj.com/article/SB120768896446099091.html?mod=hpp_us_whats_news
I just come back flom home in Hong Kong wheah I check out malkets and arso visit honolable Palents raundlomat/dly creaning service.
I tell honolable Mama-san arr about Mistah Fry and she velly implessed wif him. (Especiary when I tell huh how he finary serr LIMM!)
She so taken wif Mistah Fry dat she ask me to recold speciar message flom huh to Mistah Fry and post heah. Heah it is:
Hey Robert, you’re so smart, you changed your first name to “James?”
Clintonista Alzheimer’s, it happens to the best of ’em.
someone tell me why DCR was down 29% !! , with crude up only 2%?
very fishy, very rigged
all I can say is beware of these etf’s/inverse etf’s
Juice,
http://seekingalpha.com/article/71752-inverse-oil-etf-plunges-26-what-gives
I’m a Molotov Cocktail and my IQ is so far off the charts it can’t be detected!
Anyone got a light?
http://www.moneymorning.com/2008/04/08/exclusive-interview-investment-guru-jim-rogers-predicts-more-pain-for-the-greenback-and-the-failure-of-the-federal-reserve/
jimbo rogers
Thanks Uncle Sam … wow .. I guess I should bid no more than $3.00 for DCR.
Wall St. screws the small investors once again.
Egregious !
And Ducati was arguing with me that ETF’s aren’t derivatives…
My childhood IQ score was in the upper 150’s (true story) but then I watched too many Gilligan’s Island re-runs and and it went to shit.