Futures are pointing higher because China lied about their intentions regarding depegging from the US dollar. People, all of a sudden, are into the risk trade, big gay time.
Kind folks from the interwebs, the 19,000 dollar bacon cheeseburger is back on the table, ready for your gluttonous consumption. All of the fucked up price action in the metals, industrials and semis, during the recent 3 week market swoon, was a joke. Serious investors were on a Sancho Panza style siesta, while motherfuckers like me were swinging at windmills.
I suppose this means I will have to adapt to the new bull market, by way of throwing a brick of cocaine on the desk and throwing some cold callers into it. Either way, I will end up a fucking winner; because that’s what I do.
Into Monday’s “epic” rally, I am 61% long.
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The Fly is the shiznit!
How did the 16,000 bacon cheeseburger become 19,000 already? That’s some serious inflation
Good thing they will accept FASit cards – only accepted currency in the future
Best communo-capitalists in the world!
The Chinese have been expert traders for centuries. The Squid ain’t got nothin’ on them.
http://simple.wikipedia.org/wiki/Silk_Road
China is depegging so fast, oh my. Up 0.14% vs the dollar.
I am thinking that imitation crab is yummy, thanks for asking.
I pay no attention to those lying slant eyed chinese motherfuckers, hell Bp and china owns these mother fucking politicans over here any ways. Fucking Dow going back to 6500 prolly by December this year. while oil goes up. Choke on that shit Bulls.
In so many ways…
Shut the fuck up, Will.
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LOL
My Yankees are back in their rightful place, that being “first.”
Not wholly coincidentally, so are all my picks.
Happy Father’s Day, all!
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Good to know “Dear Leader” has got his priorities straight.
Can I get an “UN-fucking-believable?”
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Jeez Jake. With all the things that he’s fucking-up, that shit is relatively innocuous …the mere background buzz of the nanny state.
Focus Jake.
No government contracts to “journalists” to push the initiative – “UN-fucking-Bushable!”
“While the United States is heavily financing the war in Iraq and Afghanistan, China is taking advantage of U.S. security there”
http://money.cnn.com/2010/06/18/news/international/China_investments_Greece.fortune/index.htm
Well, I’m long FAS and TNA, let the ride begin… have lots of cash lying around, maybe I’ll pick up some TYH
Fuck the pegging nonsense talk, they will loosen the reigns [sic] eventually. Look at the shadow inflation now in the form of rising wages at the factories. Expect an expansion of credit as rickshaws will require wooden twenty-fo’s and street urchins will no longer beg to write your name on a single grain of rice. His majesty, General Tso, will be raising costs of fried viscous chicken everywhere.
I maintain CAGC.
All about the coveted jones act jake. We would’nt want to upset some union leaders
please add “Chicago style politics” when passing on Faux information
Simple plan for opening bell.
Buying VXX if we open at 10500, or higher on the Dow. VXX has yet to see one day without at least one good violent reversal off its lows, for several days. Im currently 25% short the nasdaq, but will scale in up to 50% more via VXX shorts intraday.
http://www.mapsofnewmexico.com/images/USA-Population-Map.gif
The damage to XHB , XLY , RTH has not been properly calculated. This will also take all hopes of an employment turnaround off the table. Businesses within the coastal zone of business influence will be scared to expand hiring for a long time.
The population density around the Gulf is completely underestimated by most people. No, were not going to start crashing parabolic.You can’t have deflation under a 6 month drilling moratorium, and war ships approaching Iran. The price of Oil rules most commodities.
However, the best the bulls can hope for is sideways chop. Most likely, we see a gradual choppy decline. Then, full blown staglflation when oil breaks 100 by august. I was in the Bull camp until the middle of last week. Ill admit, even I was falling for the ” 20k barrels a day” lie. I was wrong.
Wow, they staged enough UN buses in Jacksonville Fl before the gulf oil spill to relocate 400,000 people to camps. http://www.youtube.com/watch?v=oM3WRQljSsk
yeah baby
When the fuck is FTK going to print $3?
You can’t rush art.
Thank you Dayman.
FTK is like painting the ceiling of your local Church. It takes time; but entirely worthwhile in the end.
Back to painting I go.
FTK will print $3 AFTER Elin divorces Tiger
Horizontal drilling will increase significantly there, benefiting FTK among others.
Too many junk shots can hardly be beneficial, though. In fact, it could be that several relief wells will be in order.
don’t forget the horizontal drilling that Tiger has been doing…
Baltic Dry Index breaks down after a triple top:
http://www.dryships.com/pages/report.asp
Everyone is using the 2009 playbook tonight. Can’t fight the herd…even though it’s 2010..
First let me acknowledge my ignorance in the face of the current market. Having done that, will somebody please explain to me how revaluation of yuan can be a good news for US & A, which are a net importer of Chinese goods and US companies have manufacturing in China and thus yuan-denominated cost base? The latter fact should lessen the argument that more expensive yuan will make it easier for US companies to compete on the domestic market. I just don’t really understand the train of thoughts here…
Yuan was expected to rise in relation to USD, but now will not, apparently. I am reading news articles that suggest the yuan may in fact decrease in value vs. USD.
I’vre read today (http://www.businessweek.com/news/2010-06-21/yuan-climbs-most-in-20-months-after-china-signals-end-to-peg.html) that yuan has actually already appreciated.
The China Story is something that is very difficult to explain in one paragraph. Today the World is using the Jim O’Neal Playbook that China is super strong and doing so great that it has to remove it’s stimulus. But, one, this is just hope that they will move up Yuan. Two, China is an export country which their exports are still weaker. Three, China Govt is not giving the loans to buy commodities like 2009 because there is a surplus in the country….This is a rally of hope, imho be careful.
Fly, Are you 61% long….. or are you really 39% short?
Allocating 1/8th portfolio into long VXX at 24.09
Later this week we get the may report for housing which I think will be down. The next several months could show that the market may not be able to sustain itself. We need real jobs for a sustainable market.
So China is just going to stop financing debt in the midst of a huge cultural immigration taking place from its countryside to its major cities, consigning themselves to aweful unemployment for the next decade, are they? I’ll believe it when I see it.