Some choose to beg for the apocalypse and ride in FAZmobiles. They are called permabears. Others snort looooooong lines of coke and carry margin documents in their side pockets. They are called permabulls. I have invented an entirely new class of investor, not too hot or cold. Nothing quite excites or agitates me. I don’t snort coke and I try to avoid the apocalypse at all costs. I am PERMA-NEUTRAL.
That’s right folks. Buckle up your seat belts, for we are going nowhere. I have the car locked on “N” and I am just sort of sitting here, waiting for clouds to pass over me, since those fuckers might carry rain. As you know, I try to avoid rain at all costs.
Today I am enjoying wins in my equities, while enduring losses in bonds and Vix. However, do not fear, for I am not making or losing any money. I am doing exactly what I aim to do every single day: break even. I keep my stacks neatly preserved and try to avoid any action that can change the status quo.
Wonder what Angelo Mozillio is doing this very second?
I try not to get too excited. I wonder what Switzerland is doing.
that is among the most fucking hilarious come-backs in your long list….
Last I heard he is on a Tanning around the USA vacation getting in his last sessions before the tanning bed tax kicks in.
Where can I get some of those side pockets?
so u listening yet, u should b buying LDK, EK HPQ and STEC C and other names, this market is just beginning. don’t get too smart u might miss this bullmarket
But that would change the status quo. So sorry Mike, Dr. Neutrality does not want to change anything. I will feed the kids, kick the goats and live life as if it never happened.
Trying to get my definitions clear: Would you be termed a perma-bear if TLT breaks down at 1PM and you held?
Only if I was long TLT exclusively. My equity holdings are offsetting the minor price swings in TLT. I mean, the fuckers is moving at a 1% clip.
You’re taking a big non-financial risk …can you imagine how obnoxious Jake will be on these pages if long rates pop?
The Fly is God
Get drunk and buy stocks
Drunk?
Sorry, I will drink water and try to balance the PH of my house.
Hydrate and sit calmly.
I have a thought about dollar/Treasuries. What if the US Federal Reserve starting buying up Chinese Renminbi and forcing them to float their currency? Because the yuan is pegged partly to the USD, it would force the Chinese to purchase USD ahead of Treasuries sending liquid dollars up and Treasuries remaining neutral. Raising interest rates by the Fed would push people into Treasuries but curtail credit expansion and job creation. So by purchasing Chinese currency the Fed can inflate the US stock indices vis a vis negative Treasury correlations and cheap financing from low interest rates, with the added bonus of closing the trade deficit with China! If the result became a floating Chinese currency, the Fed’s investment would appreciate and the US would be able to compete with the prices of Chinese goods, thus stimulating our impotent manufacturing sector and perhaps the rest of our economy.
I like the way you think…
I feel lucky to be able to take the risks I am taking. If I had a year like last year (FLY), I’d be playing it safe too.
Escalator up continues. Until it doesn’t. Trade well.
Escalator SIDEWAYS.
You sir are a whole lot of funny ! Blogfather fo’ sho’
You owe me a new monitor. I just spewed GMCR all over my old one and it shorted out!
I hate this market, but I must say its been benficial to your writing (which was already impressive)
Sign me an Moob up for one of these side pocket thingamagiggys.
The Put/Call ratios on the indices are still very high making me think that even if this market sputters out and can’t go any higher, we will not see any sort of violent pull-back. I’m guessing we stay over 1150 for 2 months at least.
Which ones?
(Index) Put/Call ratios are _always_ higher in bull markets. Equity p/c ratios tend to mirror the markets more in the way you expect (lower in bull; higher in bear).
” I have the car locked on “N” and….”
Hello Neighbor Fly- Glad to see you got the transmission fixed on your yellow PT Cruiser. Fly, Jr. told me what happened when you accidentally poured motor oil where the transmission fluid goes.
And don’t forget to come over for Passover. We will be serving Kosher BBQ ribs along with the Manischewitz wine plus having a good time singing songs but try not to throw out the “F” bombs like you did last year.
If you want new leadership…if you are fed up, then go to the following website…
http://www.firenancypelosi.com
Please feel free to spread this around to your friends through email, place widgets on your blog and share it on facebook. Spread the word now!
I’m seeing nice size being placed on SPY ask…not that the robots aren’t gnawing though alot of it,but I sense a little selling pressure here…VIX now @ 17.07