Joined Nov 10, 2007
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That was superb….hilarious
agreed.
That’s the Krullmyster at his best!!
its like Warren Buffett said: ” the market was designed to transfer money from the active to the patient.” Degenerate fuckin gamblers is who we are, unfortunately.
Fly, you know him personally? Seems like he’d be a friend of yours. Funny character.
I like this word coined in Barrons this weekend – “Farm-ageddon” … which is what Fly is wishing, hoping and praying for, with his short the farmer trade, of POT.
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FOR THOSE WHO PREFER THEIR MARKET SIGNALS to arrive with a thud on the doorstep, last Wednesday’s papers were a treat. Here was The Wall Street Journal’s front page declaring, “Grain Companies’ Profits Soar as Global Food Crisis Mounts,” while the New York Times intoned, “Cost and Shortages Threaten Farmers’ Crucial Tool: Fertilizer.” This after agricultural commodities were already up 60% in a year and fertilizer stocks Potash (POT) and Mosaic (MOS) up 700% and 400% in the past two years? Is the front-page treatment the ringing of the bell for the “Farm-ageddon” trade, as Woody Dorsey of Market Semiotics — a very early commodity bull — calls it?
It’s tempting for contrarians to think so. The sell-side loves these stocks, and pretty much no one was short them at last report. And yet, doesn’t it also feel as if too many folks (66% in the latest Barron’s Big Money Poll) are hoping for the commodity trade (which most missed) to unravel?
The fertilizer stocks are still not particularly expensive, and they’ve tended to undergo nasty corrections all the way up. Potash, for one, has had a handful of 15% drops, such as the one just sustained, since early 2007. Unlike the crop processors Archer Daniels Midland (ADM) and Bunge (BG), which are price-taking middlemen akin to oil refiners, the fertilizer companies are part of any long-term solution to improving crop yields. It’s probably too early to bet that these stocks have seen their ultimate peak.
Love Jeff Krull, so krazy, manic and funny, all at the same time. Maybe he could be a write in candidate in the election.
Unless he’s actually the Fly’s alter-ego, in which case it would be duplicative.
Wonder if this would send SMN up?
http://online.wsj.com/article/SB120968518398861073.html
Holy Crap:
Krull quoted Don Harrold!!! He must be a trading genius.
krull can suck it while i tag his girllllllll.
“Boat’s left fucker” – great shit