We’re on fire again. Nothing like some good ol’ fashioned government data to pick the market up.
Across the board, stocks are ripping. My inverse etf’s are being shredded. However, to offset them, all of my long are on steroids to the upside. Right here, I like [[CTSH]], [[AAPL]], [[RIG]], [[PCZ]], [[QTWW]], [[BAP]] and [[FMCN]].
As of now, my only short position in the banking sector is [[FED]]. I plan to use this bounce in the indices to expand my bearish bets.
However, much to my chagrin, [[FXP]] is getting its face ripped off, thanks to sharp gains in [[CHL]]. I’ll look to buy more FXP, under $65, if possible.
Finally, the commodity trade is back in a furious way. The interesting this is, they are all shooting higher, despite dollar strength. Apparently, the “global growth” story is more important than the stupid dollar.
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Fly,
What do you think about water infrastructure stocks? National Geographic had a big article about the “Drying of the west”, and there is another recent study which suggests that we’re fucked. With Arnold declaring a drought, what do you think??? PHO is the easy way to go, no?
“However, much to my chagrin, (FXP: 70.03 -4.95%) is getting its face ripped off, thanks to sharp gains in (CHL: 74.61 +2.67%). ”
I thought CHL ‘will soon be in more danger than a flamboyantly gay Jewish man, with a “Vote Bush†bumper sticker on his car, driving slowly in the mountainous regions of Pakistan, while blasting gangster rap music.’
What gives ?
It is, asshole.
However, in the event you’re living in a cave, the market is blasting off.
Fly, thanks for your advice, keep it up.
The best advice you gave me was buying positions in increments so you can sleep better at night. It does help me sleep better and it helps my portfolio.
Time to lever up long, we are going to the moon!
Gap:
If you will, please tell us all why X is going higher at such a rapid clip.
Thanks.
Because Guy Adami said it would.
X is going higher because I sold it last week. How’s my hair?
Anton, did you sell POT, MOS and MON, too?
X is going higher because its compelling, on a valuation basis
I got some RS earlier in the week.
My opinion, it has “more rope” with which to hang itself, in the strict Leninist analogy.
But let’s not kid ourselves, the rope eventually grows taught after the trapdoor drops, and “gravity will out.”
Anton,
Very “Beatles-esque.”
As good as that book was, it takes half crazy geniuses like the Coen brothers to dream up a “look” like that for a homocidal maniac*.
That’s why there’s no one better than them out there right now.
_______________
*(Remember the other maniac from “Fargo?” Think there’s some sort of deep-seated theme they’re working out here?)
__________
Fly,
Do not shun TMR just because you missed that first pop.
There’s plenty of crack left for everyone.
Smoke responsibly.
_________
BanD
Look at HEK …. they just bot my Chinese water play CWDK and that stock has been hot …. seems like CWDK is very cheap here considering cash and stock takeout. Could have been had yesterday for 7.25 while HEK is at 10.
Guy was right about NUE ….
POT making brand spanking new all time highs.
You’ll only cover at $100 between now and the year 2010 if they do a 3:1 stock split.
Trichet says ECB may raise interest rates next month.
Bye-Bye dollar. Hello commodities.
This market is going higher. Traders going right back to the same names in energy and materials.
We’ll prolly trade back up to resistance at 12,900 DJIA.
It doesn’t take a genius to dream up my coiff, just a failure to tip at SuperCuts.
PS Jake: I was at a party with the actor who played the scary “Fargo” villain and Javier Bardiem (sp?). Bunch of debauched Hollywood types. Javier had just done “Before Night Falls” and was standing with Julian Schnabel, who looks EXACTLY like Falstaff. Mr. Fargo was wearing a “tuxedo” that looked like the wallpaper in a downmarket burrito joint, complete with cacti. He is scarier in person than he’s been in any of the Coen Bros. films.
Fly,
Appreciate all your advice. Even though I tore my sack today on FXP.
Would you step out of the car, please? Just step out of the car. Hold still…
LOL.
You got your “pneumatics” with you, Anton?
___________
I have no doubt that most of the actors the Coen Bros employ are bat shit crazy.
Heck, Steve Buscemi alone should endow a Beverly Hills psychiatric ward for “branding purposes.”
_____