Ignore today’s warning from SLAB at your own peril. Ignore Samsung’s warning, speaking of “DRAM gluts”, and lose your limbs during the next semiconductor down-cycle. There is a reason why INTC is cheap. Frankly, I am done trying to hold onto tech. As a result, first thing this morning, I blew out of my GLW position. It was one of my biggest. Instead of playing whack-a-mole with tech, I’d much prefer another industry for my hard earned investment dollars. Thank you very much.
Hell, I am better off playing commodities, than tech. Essentially, any sector, with marked exception to the degeneracy of biotech, is better than tech. Your smartphone is dead; long live your fucking steel plant.
We’re off to a decent start this morning, with FXY, UUP and TLT down. Risk, for now, is back in play!! YEAH, BABY!!
Nah, just kidding. I am not impressed. Into this nonsense, I will raise more cash.
On a serious note, breadth is very good and this rally should stick. However, I do not have an interest in playing it today.
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Fly, what are you doing with your TYH?
I do not own TYH.
” long live your fucking steel plant”
Great line – and great for my local economy
Birmingham? Pittsboig?
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Hint: The emperor of the free world is coming to town
…for dead in O-hi-o.
Cleve-burg??
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Yea, and long live oil!
Drill, baby, drill!
Starting 21 new multimillion dollar units.
From russia and iraq with love.
There are some interesting REITs within 10% of their 52-wk highs with decent divis that I’m checking out. Expect more talk in the Beige Book about strength in aircraft/aerospace production, helping my TIE position. PPT and I made a good call with MIR on the oversold indicator, even though utilities have been a strong sector.
I still don’t think we will get any long lasting rally until fuckface politicians get out of their bullshit DC restaurants and do themselves and everyone else who has to look at their disgusting bodies a favor and get to fucking work. Once the whole tax/healthcare/winter vacations/etc. are decided, managements abroad can decide where to deploy cash.
Fly
I bought a stock last year which is now taking off to the races. It’s involved in shit called rare earths. At fist I thought it was trumped bullshit, but this shit from the light crap to the hevey rare earths is used in nearly all the new technology that’s coming out . My hunch is that it’s used to reinforce various meals etc. It’s used in IPhones.
China stopped shipment around the world and there’s now a serious shortage that has developed. listened to Lynas report and they think that china has blocked shipment because they don;t have enough of this shot to go around. It’s also used is high tech arms.
I bought into lynas immediately after the Chinese bid for the company was pulled. The government here in Australia refused to allow the bid for strategic reasons My conclusion is that the US government called the Australians and told them to pull the Chinese bid because this is is too valuable to let them cart it away. There’s supposed to be a strategic shortage of this crap in the US.
Anyways I’m holding this to the bitter end. I bought it at 52 cents and it been as high as $1.24.
Rare earths are worth looking into as it doesn’t seem to be bullshit.
You’re on a good one J.
http://moneycentral.msn.com/investor/charts/chartdl.aspx?showchartbt=Redraw+chart&CA=1&CB=1&D4=1&DD=1&D5=0&DCS=2&MA0=0&MA1=0&CF=0&symbol=%24CA%3aOSPTX&nocookie=1&SZ=1&CP=0&PT=6
Check out this chart. For the last 10 years the Canadian economy has outpaced the US consistently. That’s because we’ve been increasing our oil production and exports, and US production has been declining. Think Obama’s response to BP will help your economy? No. It’s just another major burden for your overextended economy to suffer with. Already about 1 in 5 barrels of oil used in the states comes from Alberta. More that half of the oil you burn comes from outside the States. This ratio will only get worse for the States and better for Canada (specifically Alberta-companies).
Imagine how this chart will look in another 10 years as you consider your investing/industries. A rising tide floats all boats & such. Yada yada yada. Might as well fool around in stocks with good fundamentals, as opposed to trying to extract doorknobs from a slowly sinking ship with a crowbar, hoping that you’ll get out before it’s too late. If you’re good at shorting stock, and/or nible as Dr. Clawhammer, then great. But for longer term holds, you might as well park your money somewhere relatively safe.
Canada is the richest nation in the world when you look at natural resources per resident.
Not to mention, there’s gold in them thar hills.
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(No, not hers)
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THEY TOOK RRRRRRRRR JOBSSS!
LMAO
I call bullshit on your resources per resident claim.
Canada just shot their Wade on a rate hike this morning and in the statement it sounds like they are going to go slower in the given months. This Rally today is all just them….watch the OZ.. .9200 is the resistance…
Wade Boggs?
The Canadian gov’t finally hunted him down, did they?
Well, good riddance, I say.
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Wade Boggs is a legend amongst mere mortals. The tale of Boggs reads that he consumed 60-70 Miller Lites on a cross country flight and when asked about what happened during that fateful journey he responded, “let’s just say it was a few Miller Lites.”
lol…me and my sucky spelling…Wad…..but “shooting Wade Boggs” is a lot funnier….
I think he was referring to Wadd, as in Johnny.
Yes, good riddance.
….sorry, “she was referring to”, per the Nympho Trader.
So it’s Wadd, not wad…………………..you know there is no stock ticker with either WAD or WADD……If IBank Coin ever goes public that would be a great ticker symbol….
we export “green backs” Oh Canada, does not.
I wish my 5500lb SUV ran on greenbacks.
No actually they import them. True. The US has a trade deficit with the Iceberg up north.
ok import dollars and export GOV paper…
Super-Fly, my brother,
“On a serious note, breadth is very good and this rally should stick”
Then why (no disrespect intended) are you in TZA?? Yesterday you said: “you do not need to understand my methodology; but you must respect my pimp-hand–for it is strong.”
Is your left “pimp-hand” not talking to your right pimp-hand on this one?
http://www.celebitchy.com/115996/james_franco_masturbates_four_or_five_times_a_day/
His pimp hand has been detached, Saudi-Arabian-stealing-a-loaf-of-bread-style.
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Do not question the Fly’s methods or try to understand the advanced logic from his plutonium powered brain.
See?
Above-mentioned recently detached hand is now posting on it’s own.
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Gmcr… Whee!
What is the PPT score right now?
subscribe and you will know.
9 bazillion give or take a few
The PPT is at 3.14159265358979323846264338327950288419716939937.
can you calculate it to the last digit? 🙂
That number makes me hungry.
3.07
7.03
3.07 is borderline of overbought? is it rite?
A PPT score over 3 does not mean to short, it just means the markets are nearing a top. If anything, just start nibbling on some shorts. We can stay overbought for several days, so just be patient. It seems that oversold scores (more quickly to go long) fair better than overbought scores. Fly seems to be selling into these rallies (not trusting them), but he is not ready to go full on short. He is raising cash into these rallies before going full on short.
PPT binary update: 0011.1 +/- 0000.1 (Next update in hex)
Just spare us the octal 🙂
got my limit order in TZA @ 31.75 800sh
Thar she blows. Market starting to get hit, just as Fly and the PPT commanded.