So far, the market has advanced in 16 of the 18 trading days in March. The volume has been nothing short of pathetic, which incidentally is the best environment to jack prices higher. As prices move higher, the market advertises itself to the unwashed degenerate OTB guy. The end of this rally will be marked by speculation on a grand scale, within all of the lowest end names, like all listed Chinese companies.
If you must plow into the market, take a look at POSCO (ADR) [[PKX]] , Korean steel company, down at these levels. Also, play the short squeeze in SandRidge Energy Inc. [[SD]] , sub $8, ahead of the speculative money. The keyword for the market is “degenerate.” So, with that in mind, stocks like CIT Group Inc. [[CIT]] , Lloyds TSB Group plc (ADR) [[LYG]] and E TRADE Financial Corporation [[ETFC]] stand to do well in this environment.
Industrials stocks are “locked higher,” thanks to our Chinese overlords and their devoutness to all things material. From coal to iron ore, the Chinese want it and they want it now. Cummins Inc. [[CMI]] , Emerson Electric Co. [[EMR]] and Flowserve Corporation [[FLS]] will never trade down again.
In summary, this is so easy it’s scary.
NOTE: Going with the lottery theme, I am playing Adobe Systems Incorporated [[ADBE]] into earnings.
UPDATE: I bought some Brocade Communications Systems, Inc. [[BRCD]] and [[SD]].
[youtube:http://www.youtube.com/watch?v=JKmRs91VgOA 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
What news caused this jump in the last 20 min.
More buyers than sellers.
Move along.
ha!
Fuckin Janet Yellen! Crackhead
Adbe has never missed earnings when backlog exceeded 5%. going into this report, they were at 11
People
The stock is up a mere 5%. Get a grip.
A serious question from my stupid self: does TLT go down hard, even if momentarily, if US bonds get downgraded? That might be painfully obvious, but I truly don’t understand the various influences. TLT makes a lot of sense to me here; but when nothing is sensible, it’s hard to think straight.
stock is only up 5.5% but the $37 APR Call Options are doing quite well.
Regarding adbe: you’re welcome
Degenerate gamblers FTW
All we are missing is Jake with his 8-balls
No rest for the markets till 11k Dow, 1200 SPX. may be after that a 2-3% drop to entice Mr. Merlin.
More fun with stats from PragCap:
Market up 85% of the days since Feb., 22 of 26.
Up 8+% in that period.
Running at a 96% annualized rate of change which would put us at 2350 by next February.
Construction issues rallied [on the Kospi Exchange in South Korea] amid order expectations after local media reports South Korean builders were likely to win a significant portion of an estimated $6.6 bln order from Saudi Arabia.
Why don’t they just use sugar and lumber? Create a massive Candyland of sorts where fat fuck children can eat their way through their neighbor’s garage door.
nice
fly – congrats on ADOBE – stellar call ….picking your brain …you bought ADOBE in front of earnings versus CCME – what made you go with ADOBE?
American stocks vs Chinese overall bias?
Sector strength OR is it company specific?
Candyland…Everland…
End of quarter means little downside risk? There has never been a down second year in the stock market recovering from a recession. Doesn’t mean there will not be a nasty downdraft soon, but …………..just saying.
Wow earnings today…..this is more fun than NCAA action.
I’m sure we can’t gain to much knowledge on what markets are doing given all the steroids its ingested.
Are you talking about me? And if not…why not……
The V.King is here…even when he’s not.
King….have you ever had to use “The Head But”
Wanna here sumpin funny …..my oldest son gettin married
Guess the date right ….win 1 share of C
4/20?
10/10/10
Split adjusted, I think I owe you money.
winner winner chicken dinner…….you can paypal me
10 10 10
We shall celebrate your oldest son’s wedding day in the great hall….
This all reminds of that scene in Die Hard 3 where Samuel L. is told by the street punks that it’s Christmas in July (?) and that you could steal City Hall.
Well, it’s Christmas in damn March ovah heah. Stealing profits left and right. Don’t really matter what you buy; just buy something and watch it go higher.
There’s gonna be a lot of people left crying when it comes to an end.
When The Fly and Ragin’ are in agreement a la SD, I gotta get me some of dat
CIT = Nice!
c u @ the otb
Perfect formula: stay whiney/bitchy-bearish as the market rises, while mentioning stocks I “sorta” like-
If the market keeps going up, I look ultra-hip-contrarian while making some coin on the longs, and when the market inevitably corrects, I look like Nostro-fucking-damus, at least to the gullible and dimwitted. Swweeet !!
That’s not hip contrarian or Nostra whatzhisface-like. Simply prudent and very smart investing.
I sprinkle diamonds on everything I eat. Why? It’s the most ballin shit you could possibly do to your food.
I remember in ’99 the market went up every fucking day. Junk would go up 3/4/5% every day. Everyone was giddy just like you jokers. Then there was a couple of days were nothing much happened, like the feeling you get at the top of the roller coaster. I’m mostly in cash waiting to load up on those 3X nightmares.
Shhhhhh, get drunk and buy stocks.
The Assmiral from Fastmoney said we’re ok, Spider.
right there with ya buddy….
Your dollars will be worthless at some point. Enjoy it while it lasts.
Breaking News…………………………..
PPT Score just crossed 3000
damn Fly, I thought you were smarter than trying to fight the tape. What will it take to get you bullish again?
Momma?……………………………….Momma?!!
You the man Fly! Nice call on Adbe! They smashed estimates. Where can I send you a gift?
The Fly does know how to pick them
ADBE – noice call, boss 😛
Love dat PDF
I use Acrobat 24/7
Thanks so much for ADBE!
The Fly is God.
5000 shares in at 3:40 PM at $35.19 out at 4:16 PM at $36.65 for a cool $7300
Thank Fly
should wait longer but money in pocket beats paper gain any time
2000 shares at $34.80 and still in hoping for a powerful gap tomorrow
Prepare for liftoff:
http://www.reuters.com/article/idAFN2310905820100323?rpc=44
UPDATE 1-U.S. DOE, USEC reach $90 mln cost share agreement
Tue Mar 23, 2010 5:20pm EDTStocks
* Agreement will help USEC demonstrate its Ohio plant
* DOE had asked USEC to pull its loan request for the plant (Adds background)
By Ayesha Rascoe
WASHINGTON, March 23 (Reuters) – The U.S. Energy Department on Tuesday said it has finalized a $90 million cost share agreement with USEC Inc (USU.N) to help develop and demonstrate its uranium enrichment technology.
The agreement will support the manufacturing and operation of advanced centrifuges to help demonstrate the commercial viability of USEC’s American Centrifuge Plant in Piketon, Ohio.
Last year the Energy Department asked USEC to pull its loan guarantee request for the planned Piketon plant, citing technical problems with the project.
At the time the department offered to help fund some of the company’s research to resolve these issues.
“We have made significant progress and continue to work hard to address the recommendations of DOE’s independent engineer,” said USEC President and CEO John Welch in a statement.
The activities supported by the funding “will give us valuable operational data and experience as we prepare to update our loan guarantee application,” Welch added.
Under the cost share agreement, the department will take over the disposal obligation for some of the company’s depleted uranium tails. This will free up $45 million USEC had set aside to meet government requirements for disposing of these materials.
USEC will match this investment.
=============================================
You guys have fun with ADBE. I will stick with USU, NG, and ES. All of which are way up also, and headed much much higher.
SD? Why invest in any company that makes something that is not in demand. NG is a toxic waste ..invest in companies that dispose of the stuff – – like chem companies or clne.
Nice call on ADBE though.
lol nice embedded message on the URL
I cannot fucking wait until tomorrow’s meltup. I bought me a 20-pack of ES cars tonight and i’m set and ready. Lets burn this fucker, no sense in waiting. 1200 is in our cross-hairs and there is no a doubt in the world that we cross that threshold before March has ebbed and the month of death is upon us.