Today’s action is incredibly bullish. Soon to be defunct hedge funds are just throwing Haily Mary’s here, trying to save their careers with leveraged long trades. Fucktards, like Jim Cramer, are stoking the fire, in order to help these idiots stay in business, with dog mouthed bullish bullshit rhetoric.
Anyway, there is no point in fighting the current trend, no matter how much you hate it. Instead of bitching and whining, why not take some money from the midgets who are getting hit with shovels?
I told you the homos at M have a rock solid line of credit. Regrettably, I own all but a token position. Nonetheless, the stock looks poised for $12-13, near term.
Also, I like gold for a trade here, specifically GG, ABX and RGLD.
Some finacials can be bought here. You know those bastards will try to goose step C, up to $10. And, you know AFL can go higher, just based upon those idiotic commercials.
Despite hating “the inflation story,” UYM, MOS, CF and POT are working.
And, finally, oil stocks will not go down, despite $40 crude. I cannot get behind any oil stocks, so sorry.
Keep in mind, the fundamentals of the market are horrid. At all times, you should pair your longs with some shorts, like FAZ or even SRS. Or, if you are sick and tired of the 200% fuckery, get short VNO and WFC.
To sum up this article: get in the idiot box and scalp some longs.
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Good advice.
Why will you not get behind oil stocks with oil lower? Maybe they are just the leading indication that oil may b worth a tad more down the road, $60-$70ish.
“You know those bastards will try to goose step C, up to $10.”
Back in the old days you would talk about C being goose stepped to $25. Wait that was only 3 months back !
Just curious, what’s the PPT rating for overall market conditions?
DOW down 30, $VIX down 4%
Odd no?
SRS = $56.70 and falling.
Commercial Real Estate is a great investment now and for the next few years, right?
Chairman Cox is a disgrace.
Breaking News:
Effective Monday, SRS will begin trading under a new ticker symbol: SARS
The Fly is God.
FAS interesting here – i nibble. stop in place.
Chairman Cox is doing everything in his power to appear incompetent. When you’re guilty of fraud, perjury, and corruption, incompetence is a pleasant alternative.
Zombie,
You nailed it.
And right now SaRS is kicking my ass from here to Tiananmen Square.
Master Fly, I’m bored. How bout postin a poem or sumthin??
SRS has a giant ass hole – the wider it gets the closer it appears to you, the closer it appears the wider you watch it get
The world will not deny the masters of the universe – OIL
Although I feel there is no preference here – it’s not a level playing field. I would not bet against oil here at $40
The GNP is made up from several groups, the largest is the Government – negative spending (Taxes collected, greater than Gov. expenditures) would put pressure downward – the reverse will create inflation, lower $, higher oil.
The Government will “Blast” InfraStructure, with gazillions
and money placed in that area will stay mostly in our country. It takes gobs of fuel to move infrastructure.
Nice to have you back el grande pooussy !
“The Last Samurai” just started on AMC.
SARS, what a great nickname for SRS heh. It’s a keeper.
Right On Fly…again
OT Thought…… Is the name “Ponzi” the best example of a word fitting what it means. “Ponzi Scheme” sounds exactly as it should.
I mean can you imagine if Bill Gross created this scam it would be called a “Gross Scheme” or a “Hebner Scheme” or a “Mohamed El-Erian Scheme” just doesn’t work…but Ponzi thats just perfect.
BTW..everyone of those Pimco fuckers they march out on CNBC make my Bullshit detector go off. Praying their own book.
got a PPT rating on COP?
BUY! BUY! BUY!
COP:
Debt/Equity 5
PEG Ratio 5
Price/Book 5
Price/Sales 5
Profit Margin 4
Sub Rosa 0.12
Final Score 4.92
PPT Recommendation: Strong Buy
Accumulation Distribution 3
Price Performance 1
Relative Strength 1
Volatility 3
Volume 2
Sub Rosa -0.21
Final Score 1.59
PPT Recommendation: Strong Sell
2.99
Sell
Almost a buy (3.0)
PPT Overall Score
Average Technical Score: 2.03 Sell
Average Fundamental Score: 3.522 Buy
Average Hybrid Score: 2.658 Sell
PPT Top 10:
1 DCM 4.20 4.66 4.40 0.69% 11.11%
2 ORH 3.80 5.10 4.34 0.46% 2.84%
3 NTT 4.20 4.51 4.33 0.70% 43.38%
4 COGT 4.00 4.40 4.17 0.48% 10.03%
5 DLTR 4.00 4.40 4.17 0.48% 18.13%
6 ACET 3.80 4.61 4.14 0.49% 23.21%
7 SHEN 4.00 4.27 4.11 0.49% 25.30%
8 FFH 3.30 5.10 4.05 0.50% 13.76%
9 RGLD 4.34 3.65 4.05 -3.11% 10.96%
10 CWT 3.80 4.31 4.01 0.50% 16.91%
Top 10 ETF’s
1 BND 5 4 5 1 3 4.2
2 BIV 5 4 4 1 4 4.15
3 DTO 5 5 4 5 1 4
4 TLT 5 4 5 1 2 4
5 AGG 5 4 5 1 1 3.8
6 BSV 5 4 5 1 1 3.8
7 FXY 5 4 5 1 1 3.8
8 IEF 5 4 5 1 1 3.8
9 IEI 5 4 5 1 1 3.8
10 PLW 5 4 5 1 1 3.8
PPT, intra-day, biggesy hybrid score moves, by sector
1 Solar 2.10 3.84 2.84 12.68% 10.66%
2 Drugs – Generic 2.25 3.32 2.70 12.63% 13.12%
3 Air Delivery & Freight Services 2.03 3.82 2.78 11.12% 9.19%
4 Railroads 2.32 4.10 3.07 10.07% 15.14%
5 Lumber, Wood Production 2.22 2.79 2.46 9.93% 20.37%
6 Industrial Equipment Wholesale 2.30 4.30 3.14 9.87% 10.86%
7 Trucking 2.04 3.76 2.77 9.78% 14.07%
8 Aluminum 2.37 3.26 2.74 9.05% 4.23%
9 Education & Training Services 2.29 3.65 2.86 8.76% -0.73%
10 Long Distance Carriers 2.15 2.77 2.41 8.36% 0.18%
Top 10 sectors, by Hybrid rank
1 Industrial Equipment Wholesale 2.30 4.30 3.14 9.87% 10.86%
2 Water Utilities 2.79 3.55 3.11 3.59% 17.66%
3 Accident & Health Insurance 2.34 4.14 3.10 4.16% 20.89%
4 Home Health Care 2.23 4.27 3.09 2.67% 4.33%
5 Major Integrated Oil & Gas 2.07 4.63 3.08 -5.34% -8.56%
6 Industrial Equipment & Components 2.11 4.41 3.08 3.03% 10.18%
7 Metal Fabrication 2.26 4.20 3.07 1.90% 11.77%
8 Railroads 2.32 4.10 3.07 10.07% 15.14%
9 Steel & Iron 2.07 4.44 3.06 1.46% -0.79%
10 Agricultural Chemicals 2.40 3.93 3.05 -0.12% 8.29%
Finally, top 10 stocks, with market cap more than 10 billion
1 DCM 4.4 82695410000
2 NTT 4.33 67348577106
3 APOL 3.92 11560955560
4 XOM 3.82 397775961810
5 NVS 3.8 105376725000
6 AZN 3.65 56924980000
7 ABX 3.57 24198000000
8 GG 3.56 17877464000
9 HON 3.54 20103631717
10 DHR 3.53 15910161358
Buy OFG, 7.56% divy and about to btfo of 60 min daily flag.
Just want to remind everyone, I’m here, I’m relevant, and when you least expect it, I will make an appearance and destroy your Christmas and New Year!
Is AUY a good call?
Devildog…
Thanks for the movie update… this is better than eating a sandwich
Was at a xmas party the other night with a guy who runs marketing for premier office/retail complex in SF. Best RE in town. Said they have lost major tenants in ’08 and are getting ready for major exodus of retailers after xmas. They are renegotiating office rents for big law firms and such. But office space already looks to be above the 10% vacancy they hit after dotcom bust. Lots of new space coming online here. They are bracing for as much as 30% vacancy, with almost half of their retail space empty next year. He says he has pals in commercial RE in NY, Atlanta, Miami, Orange County, etc. and this is true for space in every city he knows.
On what basis is SRS is dropping here? Makes no sense, even if they bailout the autos, the banks, whatever.
SRS looking cheap (like a filthy fucking whore)
Anton Cigur, I might be stating the obvious but I think iETF’s die when volatility dies and not to some true underlying supply and demand. Thats why they go buck nutty when VIX is going buck nutty.
They will rise when fear returns.
Stopped out of my BOOM short.
Damn, that thing is gonna be up 100% since the lows a few weeks ago. Bah!
From the SRS Prospectus:
“Principal Investment Strategies
ProShares UltraShort Real Estate’s principal investment
strategies include:
• Taking positions in financial instruments (including
derivatives) that ProShare Advisors believes, in
combination, should have similar daily return characteristics
as twice (200%) the inverse of the Dow
Jones U.S. Real Estate Index. Information about the
Index can be found in the section entitled
“Underlying Indexes.”
• Committing at least 80% of its net assets, including
any borrowings for investment purposes, to investments
that, in combination, have economic characteristics
that are inverse to those of the Index.
• Employing leveraged investment techniques in
seeking its investment objective.
• Investing assets not invested in financial instruments
in debt instruments and/or money market
instruments.
• The Fund will concentrate its investments in a particular
industry or group of industries to approximately
the same extent as the Index is so
concentrated. Because all of the securities included
in the Index are issued by companies in the real
estate industry group, the Fund will be concentrated
approximately 100% in the real estate industry.”
These guys aren’t doing so well, are they?
Boy do I want to bet against this rally in fins, but just can’t ….
I like how I’m losing money on both DXO and DUG.
Pretty awesome.
Thanks re SRS. No matter how crazy I get, I just cannot out-crazy this market. Fundamentals absolutely do not matter here, I guess.
(Gio has done great work, btw, riding the volitility waves.)
MarketRaider – You’re in Dubai, correct? Is the space there filling up? Have a business friend, sales VP with an architectural software company there. He loves the place. Last I saw him, over a year ago, he said he couldn’t sell software subscriptions fast enough. Will probably talk to him in January.
As of 9/08, here were the top 10 components in the DJ US REI:
Top 10 Index Companies1
Weight
Simon Property Group Inc. 7.76%
Vornado Realty Trust 4.69%
Public Storage 4.56%
Equity Residential 4.31%
Boston Properties Inc. 3.99%
ProLogis 3.87%
HCP Inc. 3.59%
Plum Creek Timber Co. Inc. RE 3.08%
Kimco Realty Corp. 2.90%
Avalonbay Communities Inc. 2.71%
I thought these guys were all toast. Why hasn’t SRS risen more?
As I said a few days ago, CEC is being led higher by Howard Lindzon. What a venture!
Zen,
Yep, I read the SRS prospectus. Unfortunately, they are doing exactly what they promised. But somebody dropped Xanax or acid or something into the water supply and suddenly down is the new up.
I’m going to kill you bulltarded motherfuckers!
Looks like the reinflation trade is finally slowing down. Expect a down day tomorrow in your gold and silver names.
Regarding SRS. I tried to get in on that, but the last fakeout spooked me. I really didn’t care, just wanted to see if I could ride the wave.
I believe SRS goes up tomorrow btw.
Thanks, Shorty. Tend to agree w/you. SRS just missed my bid earlier. Coming into the last hour, all bets are off, anyway.
Anton,
The property value in Dubai is decreasing as is rent from what I am hearing. I am also hearing that distressed sales are increasing. Villas in The Palm are selling at steep discounts for example. I have been a bear on Dubai for a couple of years now and wish there was short Dubai ETF. The problem I see here is everyone here seems to be related to construction and real estate somehow. So imagine a real estate market where 90% of the people that live in it are somehow real estate related. Think Detroit.
I can see how the software might be doing well especially since its architecture related. I am thinking AutoDesk?. I left the states and came here a year and a half ago and I love it, don’t want to go back. That’s not to say that they don’t have their problems though.
Raider,
Was in Hong Kong about a year ago and wandered too close to a meeting room in my hotel where they were pitching condos at The Palm. HARD sell felt desperate. Not many Asian takers that I could see.
I think Dubai is going to make every solvent multinational an offer too good to pass up to relocate their HQs in the coming years. Probably a good place to be.
On the nose, re ADSK. My friend and his wife are ethnic Indian and really quality people. ADSK stock may never get back to where it was a couple of years ago. Executive management not what it was in the heyday.