Everyone loves a good funeral, no? The dollar, as you know it, is about to get its lights punched out, for good. The daily dips of 0.5% will soon be replaced with 2-3% drops, all thanks and praise to the Federal Reserve and Executive branch for such gifts of fiat.
To hedge your wallet, once again, you should be long basic material stocks. Names like BHP Billiton Limited (ADR) [[BHP]] , [[VALE]] , Southwestern Energy Company [[SWN]] , Arena Resources, Inc. [[ARD]] , Suncor Energy Inc. (USA) [[SU]] , POSCO (ADR) [[PKX]] , Allegheny Technologies Incorporated [[ATI]] etc, can be bought in size. Howsoever, when I say “size,” I do not mean right away. Only idiots buy everything at once. Measure your buys over a period of time. There is no rush to own anything. The likelihood of you hitting a homerun is far less than you striking out.
With commodities running higher, it’s only a matter of time before the shippers respond in kind. Names like Genco Shipping & Trading Limited [[GNK]] , TBS International Limited [[TBSI]] , DryShips Inc. [[DRYS]] and Diana Shipping Inc. [[DSX]] can be owned as well.
Truth be told, I am not buying anything. Into this rally, I will lighten up, in order to build my cash position back up to 25%. Selling is a process too, by the way.
In short, as long as the dollar [[UUP]] is weak, equities are free to run with the wind. If you are short stocks, you are in for a very arduous Halloween.
Top picks: Equinix, Inc. [[EQIX]] , Sociedad Quimica y Minera (ADR) [[SQM]] and Guess?, Inc. [[GES]]
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Death to the motherfucker who served me tainted shredded beef yesterday.
Shredded Beef is piker food. No?
It is the dunkin’ donuts coffee of Mexican food. I just wanted something “authentic.”
Just because you have money, does not mean you have to eat Ribeyes for lunch.
I have become quite fond of the $20 lunch
I also started shopping @ Whole Foods….go figure.
No matter how high my net worth goes, I find it hard to believe that I will ever be comfortable spending more than $10 on lunch. I’m weird, I know.
Whole Foods is an acceptable place to shop…for beer, only. Only so many places sell Chimay Blue.
On the topic — any of y’all ever read “The Millionaire Next Door”?
Book is alright. Let me summarize it for you
Be Frugal
Now you don’t have to read it.
Pork Carnitas…..is the way to go Amigo.
Feel Better.
Are you kin folk to Jake?
What he said. Never deviate from shredded pork.
Thx, I can keep water down now… Was not aware of Jake’s adventures.
Never again!!!
Will pork around exclusively from now on.
No, that’s the other initials, similar.
And TCK
Added TESO for a BO around $10 …
COP is a beast. I avg’d in at $45, and it’s been strong since. No sign of slowing. Will buy more.
add martha stewart to the list of useless skanks on tv
any one notice Martha’s dog out fits, looks like its giving you the finger…. Skank indued.
the 33 billion dollar egg! http://bit.ly/1ASyD
That’s just silly.. to even print that on a piece of paper… it’s like someone is joking… seriously.
Laura=USD
Pitfall avoidance @ 5sec=Yesterday
Water Dragon= y’know
Something that we all kinda knew already…but here it is in raw numbers: 93% of tech names have “beaten” earnings, 92% of healthcare…77% overall:
http://bespokeinvest.typepad.com/bespoke/2009/10/sector-beat-rate-this-earnings-season.html
Heavy call action on EQIX going into earnings.
i am begging someone to bitch slap Cabrera live on tv,..then move on to the gay penis man Kneale..
My favorite ATI that I’ve owned for many months now took a dump this quarter and is now getting a well deserved beat down.
Fly,
can a reader of IBC take a victory lap for a comment I made back in September about my fave stock?
Cree is ripping higher today but I think there is strong upside left as a secular mega trend play. This stock may go parabolic as every growth fund thinks they need to own it. This stock is acting today like it would need to if 100 were in the future. Not saying it is going there, but I have some otm calls in case it does.
I think this is a great stock for next three to five years. It is what INTC once was to semis.
I could see the MMs getting bold tomorrow in efforts to make this a momo stock and painting it a couple bucks higher in tomorrow’s pre trading session.
tampa trader says:
September 8, 2009 at 1:16 pm
reply for P Andy:
i think cree is a strong long term hold. LEDs might be on the verge of a dot-com/fertilizer like run. More and more articles on insatiable demand for LEDs. Not too long until the fin news channels start referring to LED stocks as a sector. CREE seems to be in great position if the run does happen. I am holding some common but also a bunch of out of the money Jan 10 lotto tix.
CREE raised mid quarter last quarter and beat. Option volume on Friday 10 x open interest for Sep 40.
good luck
Have always liked CREE and their technology, but they’ve disappointed many many times.
_____
Jake
agreed on the many disappointments, I think the trend to LED might be so major though that even if they make a lot of mistakes they can do well. Not saying jump in up 10 pts last two weeks but over the long term the trend to LED should be huge. If you look at their CC their biggest challenge is they are running at 100 percent capacity and have to find ways to expand it. Their offering was the biggest since 2007 I was told and they have like 900 million in cash. A lot of good facts converging that could make this a great stock..the stock could become phenomenal even if the company is just average
good luck
1-800-OBAMAMONEY
I pay you plenty. Now go make me a burrito and NO onions.
did you mean Obama-Monkey..?
No, I need some free Obamamoney.
It’s Obamoney, Dipshitz.
In one of my latest posts, I have taken a “short what you know” attitude.
In my household, we can no longer afford video games anymore and have not gone back to Gamestop in a while. I guess because of my trading losses I have had to make some cuts especially with today’s strength further whitting down my 200 short positions of S&P components. God-damn it, I sold DIG yesterday.
I know what your saying. Most of these video games are really owned by guys in their 20s and 30s. They are being played by a lot of them who are sitting at home unemployed and using unemployment checks to fund the operation. The fundamentals are not at any better time for stocks like GME then right now.
Well, Im going to ignore that sound logic and open up a huge short position, via put options, because since we can no longer afford video games then GME is a short.
lol.
This has to be “Lemonjello”
Well played. What’s scary is that it does sound like Timmah logic.
_______
Nope not me, Fly called a stop to the Timmay bashing a while back so I’m sitting on my hands so to speak. A soon as he lifts the embargo I’ll start mule-kicking again. Also, I’m a wee bit short right now so I actually need that pile of dung to be right for a change.
P.S. This guest post thing is the signal to short the Slope, not only is the quality of these latest posts atrocious, but it’s harder to get my daily dose of gay humor with all the lectures on trading psychology and other bull-shit drowning it out.
Who’s your favorite beatle?
That was actually a ‘guest’ post by some random sloper but it did indeed sound like Tim to the point where people were asking about it like it was Tim.
Long term the thesis is correct but as usual it’s not investable
The chip stocks sucking wind.
Thanks for the second SMH short and I am done.
WHY, OF ALL THE PERVERTED BITCHES !!!!!!
Guys I m sure you will appreciate the latest statement from this so called female mammal, an equity strategist with Federated Investors !!
YES !!! This morning she claims : ” I m bullish in expecting a consolidation “.
How does that grab your balls guys ?? Of all the living reptiles on earth, she takes the cake !!
You know what ?? At least with a whore you know exactly what you are getting for your change. Unfortunately that is not the case with those perverts from Wall Street !! they are the most evil, prostituting their mothers or even their daughters……………………………… to make a buck !!.
Have a beer guys !!!
MOMO
Did someone just trip over the plug?
Indeed, I haven’t seen something like that since March
This is scary!
The Fuckery just dropped its new LP:
ANAL DANGER, MY BULLISH STRANGER
At finer Wal-Marts Everywhere
lol…WTF is a “finer” Wal-Mart?
Galleon liquidation, beige book (can’t be – that was 1400 ET, shit hit the fan at 1515 ET), or some congressional crap about health care, take your pick.
I’m going with forced Galleon liquidation (and/or funds piggybacking on it) and eating a sammich. But yeah, it sure is scary to see the WTF pattern back in the charts.
TQNT just collapsed!!
check out the last question on the bunge 3q conf call transcript. to paraphrase quickly: if the dollar stays low vs the real, brazilian commodity prices must come up or the brazilian farmer simply won’t plant.
sounds like a recipe for inflation to me.
There isn’t enough brainjuice in these comments to wet the backside of a postage stamp. Not much of a surprise, any moron can make money in a bear market rally. The question is – as always on Wall Street – Can they keep it?
With this kind of “thinking”, the answer is NO. Fed ain’t operatin’ in a vacuum out there pokey! Other CBs have finally, belatedly, realized that they are getting absolutely sodomized by a mild mannered former professor of economics at Princeton. The American financial equivalent of H. Himmler, in my view.
Guess who has more currency management flexibility? Countries whose currencies are held as reserves or countries who hold those reserves? Don’t bust a neuron thinking about it, the market is about to answer the question for you.
Thanks for ringing the bell at the bottom on USD. I will double-down on UUP calls after reading this posting.