This is not some credit related sell-off. As of now, emerging markets, corporate, local municipalities and even California are unscathed. Should you begin to see credit clam up again, run for your fucking lives.
Place all of these close end funds on your little/bullshit monitors:
[[JNK]]
[[EMB]]
[[LQD]]
[[PCK]]
Eaton Vance Insured Municipal Bond [[EIM]]
Todays action is why i am not short.
Are you still holding SD, into earnings?
I love it when all those short term shorts are being thrown out like rotten vegetables from the top of a roller coaster. I love it when I am not one of those short term shorts.
Señior Tropícana, My Roach Motel GHM looks pretty good today. I may let you in if you ask nicely.
The brief tick up i thunk to do eur/jpy surge. Bears love that its almost 3:00, I dont trust this slow, snowy market.
Holding sd until $15
Bobby
Which is why the safety trade is for you.
Esss esss ess esss
Ayyy Ayyy Ayyy Ayyyy
Efffff Efffff Effffff
Eeee Eeee Eeee
Tee Tee Tee Teee
Why-yiii-yiio-yiii
You can trade if we want to…
The night is young and so am I
And we can dress real neat from our hats to our feet
And surprise ’em with a victory cry!
Say, you can trade if want to,
If we don’t nobody will
And you can act real rude and totally removed
And I can act like an imbecile
[Refrain]
I say, we can trade, we can trade
Everything out of control
We can trade, we can trade
We’re doing it from wall to wall
We can trade, we can trade
Even Zombie gonna get laid
We can trade, we can tradee
Even Boomer gonna get paaaaaiiiiiiiddd!
Safety TRADE
Is it safe to Trade?
Is it safe to Trade?
S-s-s-s A-a-a-a F-f-f-f E-e-e-e T-t-t-t Y-y-y-y
Safe,
TRADE!
______________
Appreciate the feedback, senor. I’ll take a look at TLT which is to what I assume you are referring.
fid
Nothing wrong with viewing price action. The church of ta is another story.
10 10 10
LQD and JNK are not closed-ended funds. HYG is another “credit” play.
quit mincing my words or I will behead you.
They are “close” end funds.
Read more carefully next time, Mr. Green Eggs and Yams.
_____
Gint spends so much time on his knees
Damn straight.
It’s a habit you ought to contemplate.
__________
To MON or not to MON, that is the question … victim of sell off or something under the radar? 2010 Est’d earnings $3.10-3.35 … too low?
Why risk mutant corn lawsuits? Buy straight potash instead.
Also, MON is among the stocks that is most popular with money managers.
Buy, hold, sleep.
Repeat.
Ater 10,000 repetititons, hand grandchildren keys to their diamond encrusted Bentleys.
___________
Jake,
I went ahead and bought 10,000 shares of LEHMQ at 0.07 just for giggles. Any idea how I did?
OMGIFJD — don’t bullshit… really?
___
Of course. Normally I’m a strict investor in quality when markets are down. But, occasionally I demonstrate day trading prowess.
Thankee Cap’n! arrrrrg!
Also, watch performance of JNK relative to LQD. Quick and dirty way to follow the market’s appetite for risk.
Very nice, thanks
Fly, did you double down on BRCD as you stated?
I know what you are trying to do, hide that pesky LOD call. Why else post charts?
I stand by my LOD call.
Epic
don’t stand too close
Bears on the lunch menu
Something just happened to the Fazmobile
http://www.youtube.com/watch?v=8g_GeQR8fJo
We’re going higher.
lol @ Tim Knight buying and then selling UNG for a loss, multiple times this week.
A month from now, he’ll be telling everyone how well he did
did anyone see that article where berkshire had accounting fraud and buffett paid some fine and it went away?
What if all the books are cooked, of every corperation, and the fed has sold/loaned out all the gold and there’s nothing left? What if all these companies are lying about earnings. We all know the government tinkers with the numbers to make things look better. Food and fuel inflation don’t count as just wone example. I mean if the US is in all this debt and they have no gold left because the Fed stole it and leant it, as if the credit ratings aren’t over rated enough, then isn’t there just an all out panic?
And if my shit was chocolate I’d never be hungry…We could play this game all day.
Then you’d be the overweight Willy Wonka kid.
This is the kind of volatility that makes a trend-follower like me feel as though I’m taking upper cuts to the scrotum. Still feels like the path of least resistance is shifting from up to down. Still expecting to hit bids on currently held longs and build positions in inverse etf’s over the next couple of weeks.
fid
TICKETS! … TICKETS!
AALLLL ABOOOARD !!!!
The CHU-CHU train is preparing to leave the station ……..
Captain! Our Yahoo! Message board senses are sending readings off the chart!
Prepare photon torpedoes, Mr. Chekov….
________
Must be reading too much O’Henry … haha
But a win is a win …………
Ahhhhhh CHU!
Did the fly just post CHARTS?????
Fly, can you do anythiing about the snow? Maybe use the rocket ship to warm up the atmosphere. Last year I was playing golf in March.
Interesting how all of the listed credit proxies are above where they were trading prior to the credit seize, with the exception of munis.
Also, EMB was the sneezer during the John Paulson bank robbery. The first to make a sudden move and get its head liquidated. It was the first to recover too.
Anyone want to make bets on tomorrows direction.
It’s sure got me confused.
Lots of data tomorrow, better flip a coin
was that a V King comment? Dude you had the best stuff on the peanut gallery? where are you?
I believe, fundamentally, things are motherfucking BAD, but today’s market is telling a different story. Market recovers, $ sells off and gold rallies…look at GDX.
As much as I would like to tell you this market is going lower, I can’t. Market wants to rally!, for now.
BAD=Greece, the entire PIIGS/Europe for that matter, about to implode, Consumer confidence, housing changing direction now to the downside, States that are de facto BROKE, $1Trillion unfunded pension shortfall, Commercial RE, Inventory restocking nearly over, end of QE, China bubble (housing in cities at 80 times avg income and end of QE) and continuation of production capacity building to an already overbuilt production capacity. (You have not only empty buildings there but entire fucking cities emty) Japan 200% debt to gdp and their dwindling savings/inability to keep rates low…Yet the market seems un-effected by this? Even though the market is now 20% overvalued by historic metrics. Something’s got to give, just not now according to the market action. Dont even get me started with geopolitical events that could creep in, Pakistan…, Iran being blown up by the hebrews with our backing….
I can guarantee you, you will see the $ over .85, gold $930 or less and DOW ~ 8500 this year.
For now, enjoy!
don’t forget the floating rates—JFR EFT yada yada
Don’t forget BND and BSV and TIP as a safe haven for your $$$$$.