The Kudlow Crowd, led by Larry himself, are tasering short sellers in the face this morning, on better than expected employment data. Senor Tropicana is making boatloads of coin this morning, with big wins in Alcatel-Lucent (ADR) [[ALU]] , Pacific Capital Bancorp [[PCBC]] , Huntington Bancshares Incorporated [[HBAN]] etc. It pains me to see Central Pacific Financial Corp. [[CPF]] , UCBH Holdings, Inc. [[UCBH]] and Sterling Financial Corporation [[STSA]] fly higher than HBAN, but that’s life.
I intend to spend the rest of my day, sipping on some lemonade, while throwing chicken bones at some of my bearish colleagues.
The retail broker is dead, thanks in large part to inverse ETF’s. It’s an interesting story that is getting zero airtime. You see, most retail brokers are abject morons, only skilled in the art of sales, not investing. In previous bear markets, they got eaten alive due to their inability to effectively short stocks. Then came the inverse ETF’s. At first, they were a God-send for Captain Coldcaller and Co, enabling them to make money in a bear market— but then came the screwball. The recent implosion of [[SKF]] , [[FAZ]] , [[SRS]] etc. has skinned the average retail broker down to the bone. Right now, the lawyers are busy crushing brokerage firms, through arbitration, under the weight of multiple 7 figure ETF related losses.
Indeud.
If you are in the business, and find yourself to be very stupid, do yourself a favor and take them (FAZ, SKF, SRS etc.) off your screen. You do not need them.
With my time, I will pray for wilderbeasts to bite the lips off of the Flotek Industries, Inc. [[FTK]] shit talkers today. Generally speaking, I am having a great day and do not care to ruin it talking to the likes of you.
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buy C?
Nice wins all around, Fly.
What do you think of DRL?
FIG
T MOE adds to his trades for the day and shorts TOL
Enjoy deliciously nutty new Flotek.
From the makers of FAZ!
Someone mentioned SYNA earlier. I am in at $27.04. A short squeeze could be pretty devastating to the bearshitters.
One day reversal in dollar-equities trend but remains to be seen how long this will last. Might get long gold, on future rate increase whispers, if this trend continues.
Of course, everyone on teewee is waving a big red flag about it, which would indicate that buying anything related would result in immediate mustachio removal.
Can’t see how they can raise rates anytime soon as they have too many problems in the way. Weak housing and labor markets. Low interest rates are staying with us for quite while and longer than what people think.
haha fucking awesome
lawyers getting rich off of FAZ and SRS
Right. Lawyers LOVE leveraged ETF’s.
Whatever happened to Lady G? Did she go the way of the Dykstra?
When the PPT opened up she got drunk and went on the forums and that is the last I heard from her.
She finally found a man.
A metro sexual, no doubt.
Not that there is anything wrong with that.
man, you can’t beat a good BLT in the summer.
Let’s see manufacturing, industrial, and services continue to rack up job losses.
Gains in government,health and education.
To me it’s obvious that government and education grew because they have been recipients of stimulus money. My county itself save a bunch of teachers and aides, etc with stimulus money and they were scheduled for layoffs.
I know a bunch of long term unemployed people who have given up looking for now ( I assume they don’t count anymore in the report).
I say BS on the job reports. But the market says let’s go up so I do too.