Anyone can make coin in a roaring bull market. All one has to do is pick up the IBD or gloss over the 52 week high list and throw a few million dollars at a name—then wait.
I’m talking about our prized asset managers, the fucktards who manage billions for pension funds and 401k plans. Most of these guys can’t handle bear markets. They get all frazzled and shit, perpetually buying stocks like a habit—not too much different than a Brooklyn crack fiend.
Take a look at the mutual fund performance sheets. If a certain fund is greatly underperforming the S&P, odds are that fund will suffer cataclysmic redemptions. Most people have no loyalty when it comes to asset management. All they give a fuck about is returns.
With that in mind, here are a few losers to shoot at (sell short):
[[PZN]], [[CLMS]], [[JNS]], [[OZM]], [[LM]], [[FII]], [[BEN]], [[IVZ]] and [[PFG]].Do your own research, lazy internet leeches. Go find out which funds have the worst performance stats, then get back to me.
If you enjoy the content at iBankCoin, please follow us on Twitter
Citigroup at 16ish looks very interesting…but then again, I thought BOFA was good at $27; and UBS at $24.
Dougie Kass is long DUG/RTH; seriously, how much money that man lost on DUG? He’s been bullish on that since it was in the 40’s range.
Watch for Thursday my dear ones, should Trichett really raise rates on the ECB, $ will crash, Oil will sky rocket = bad for market.
Off to eat some KFC…yum
3Q will see rotation/covering into financials with another wave of “well maybe there won’t be a recession and the world may not COMPLETELY fall apart” sentiment. Commodities plateauing on flat money flow – for a while. My guess is surprises for Thurs are dollar flat/strong on whatever Trichet does and employment data will get “glass half full” spin as money goes to work for 3Q upturn on oversold conditions
……….Watch for Thursday my dear ones, should Trichett really raise rates on the ECB, $ will crash, Oil will sky rocket = bad for market…………..
yes, but you think the market hasn’t discounted that?
I think it would be time to buy a little after that once the also rans have come in to sell.
………Watch for Thursday my dear ones, should Trichett really raise rates on the ECB, $ will crash, Oil will sky rocket = bad for market…………..
yes, but you think the market hasn’t discounted that?
I think it would be time to buy a little after that once the also-rans come in to sell.
No the market has not discounted that.
As far as internet leeching, I encouraged you to shoot Bill Miller last week, and continue to do so. In a figurative sense of course.
update.. there is nothing surprising about this run up. The Imperial War college knows that the Tankan tomorrow is going to be shit, so they are throwing their filthy fucking yen around. This rally started at 4 am and will continue until we impose 100 percent import duties on the enemy.
WOW, Bove and Kneale 69ing on TV.
there is no way Trichet raises rates with the condition of Spain, Ireland, Italy and bunch of other euro trash economies. their real estate prob is worse than our
Here might be a place to start:
Symbol Fund Name 1-Year Total Return
WCPSX Profunds UltraSector Mobile Telecomm Svc -65.15
BKPSX ProFunds Banks UltraSector Svc -64.99
WCPIX Profunds UltraSector Mobile Telecomm Inv -64.76
BKPIX ProFunds Banks UltraSector Inv -64.63
AHEGX American Heritage Growth -64.03
FNPSX Profunds UltraSector Financials Svc -56.38
FNPIX Profunds UltraSector Financials Inv -55.94
FSVLX Fidelity Select Home Finance -55.53
FEFPX Frontier MicroCap -52.88
CIJVX Touchstone JSAM Institutional Value -51.15
TVCCX Touchstone Large Cap Value C -50.42
TLCAX Touchstone Large Cap Value A -49.94
CIJLX Touchstone JSAM Institutional Lg Cp Val -49.49
UJPSX ProFunds UltraJapan Svc -47.86
UJPIX ProFunds UltraJapan Inv -47.28
IFSCX AIM Financial Services C -47.06
IFSBX AIM Financial Services B -47.04
DXJLX Direxion Japan Bull 2X Inv -46.71
FSFSX AIM Financial Services Inv -46.62
This is an interesting article I found yesterday on the poor returns of “legendary money managers”.
http://seekingalpha.com/article/83121-guru-returns-show-just-how-tough-the-going-has-been-lately
Fly – it is time to move to Mexico with your gardeners.
http://www.fox6.com/mostpopular/story.aspx?content_id=503808d8-13d7-4128-a61b-7987df65ea44
*Who is buying this speculator/supply/demand bullshit argument of why oil is up? Dollar destruction cometh ++++
Fuck you, whoever you are anonymous.
You are the same money managers that says: “ohh, the market is a forward looking instrument and has already discounted that”
Forex market is like a crap shoot…you cant predict squat; hence the market has in no way discounted 1.61/US, let alone those fucking assholes at the oil pits.
You have been warned. Class dismissed!
i love that anheuser-busch is now going to crush their workforce to avoid a buyout. hope the local politicians are happy there in missour-ah.
Wheat shitting the bed.
Worst ETF on the planet is UYG, down almost 50%, followed by INP, down about 46%.
RHY, down 45%, decapitated retirees seeking yield.
All this in one year. Very egregious.
ETFs: redistributing wealth the smart-guy way.
i’m investing in a short robin hood etf (SRHD) that buys back food stamps from unemployed alcoholics at .12 cash per dollar face amount, uses the stamps to buy food, and resells the food to charitable organizations at .70 on the dollar.