I sold out of TZA for ERY.
And, I bought 50,000 CIEN under $14.
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Joined Nov 10, 2007
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fig
Fly,
What top global growth stocks do you watch to keep your finger on the world’s economic pulse?
Enn Eee Ess Tee Ell Eee Ess,
NESTLE’s make the very bess’
_______
lol
Just sayin, but:
You sir, are an idiot.
Are you sure you’re not addressing the mirror in front of you?
Pretty sure but let me check and report back.
hahahahaha
Quote from @cheapsuits: “People are still delusional about economic recovery and I don’t know why”. And I fully share this keen observation.
Anyone see the mortgage insurers? They are in blast off mode all of sudden. Granted they have had their teeth kicked in daily for the last few weeks.
You’d be much more serene in gold right now.
Serene like Lorne Greene on your tv screen.
Orson Bean.
________
My GLD, VXX, and TBT have me up nicely today, even though I am mostly long equities….
Gold is tough to trade right now. its decoupled from deflation, its decoupled from inflation.
And yet, it still cant escape the orbit of Glenn Beck’s watermelon sized head.
Thanks, but I’m riding the seas while it’s on the rise,
and we patiently await BP’s not so sudden demise.
How many people here even know who Orson Bean was? Geez. 😉
FAZ
VXX
FTW
Since June 1st, BP has dropped 25%, but, XLE is only down 1%. So, if BP goes to zero, isn’t it possbile the max amount of damage to XLE would only be another 5%? I mean, based on the current rate of decoupling.
I looked up the holdings of XLE last week and BP wasn’t listed as a holding (the list went down to .33%). XOM and Chevron make up some 30% of XLE so just follow those two along with SLB which is about 7% and that will be the general direction of XLE.
Well, they don’t have BP directly. But, RIG, HAL APC have all been trading in tandem with BP lately, on daily charts. In theory, this 25% drop should have hurt the whole sector more than it has. So, overall, the energy sector is showing surprising resilience.
At least, until we get a oil hurricane. Then everything in every sector goes to zero. Except for SWHC.
Kaboom! 200 point down day coming to a trading floor near you.
“Lose your 200” will soon be the new “Get your 40”.
Waiting with buckets.
Hugh Hendry will not stop until he has the head of George Zorros’ horsie. I agree with him about Asia but would like to see a tire tread of the inflation tractor there first. New Bloomberg interview:
http://www.youtube.com/watch?v=I8snTSBLOX4&feature=player_embedded
Why CIEN?
They suck. You betting they are going to suck less since they bought sucky Nortel’s shit?