If you are interested in betting against stocks, avoid small names. Money is free and Wall Street is in beast mode, setting up mergers and acquisitions. It’s simply too hard to short retail, even though it makes all the sense in the world. These corporations do not care about valuations. They know the free money in their bank can buy them something of value, so they do it.
Having said that, I am short AEM because they are big. My other short, MELI, is definitely a takeover candidate. So, I need to heed my own advice and cover, else get my mustache punched off.
The market is a mixed bag of balls today. Metals and banks are weak, while tech holds up the nasdaq. Thus far, there are no Chinese Lotto winners. Then again, I call it “lotto,” so what do you expect?
I still like HEAT, AKS and FTK on the long side. And, HRBN is trading more than .80 below an all cash offer.
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First
Second!
Russians touring plant to inspect their mega-buy of oil equipment. They seem impressed with our work, we are american workers, whats not to like? But i hear they want to buy more, god bless them.
It’s “free money’ time….
Ben blessed them and all foreign buyers…
Indeud.
last time i heard something was for free……………i wanna know if your conviction for vxx is still intact sir.thank you
During the April thru June SPX decline VXX doubled from around 18 to 36. Just half of that kind of move from the current VXX 15 level would put it up around 27+. I’m still holding VXX for now but not enjoying being far underwater.
thanks yo Z., as i have never followed anyones picks before.but for some stupid reason i have faith in this young man.i started a position alot lower,just above where it sits now,my gut tells me to add some more here,but i think that the market is more screwy now than in 08.at least in 08 we new where stuff stood.i just keep getting the felling of a mighty bull trap of some sort. along with what you guys here call the “fuckery”. which imo is pretty easy to see. i’m not in no way saying that people should not partake in this run, and make money. i havent missed much of it,even though i have pared back my holdings since april,it just doesnt feel right to me. thanks
You’re in pretty good shape then. Just hold the VXX, add if you feel like it & wait for the market reversal. At least you’ve participated in this rally.
.You said “it just doesn’t feel right to me” ….. that pretty much says it all.
thanks yo Z.i was beginning to think that i should have started calling my self.”sum-dum-drummer and one beat-off.
I’m holding onto my large $VXX bag of shit until the market starts making some sense. Too many mofos out of work for a 11,000 DOW. I expect this house of cards to collapse once the Nov elections are over and George Soros stops boosting everyone’s 401Ks. But hey whatthe fuck do I know, I’m just a monkey with a buttload of expensive $VXX.
i usually add near the eod.but hell yea, i just see it as inexpensive insurance for the inevitable.
Europe’s exports and economy were shutting down at Euro 1.18. But,Im supposed to beleive exports and tourism are now thriving at 1.40?
Anyone on the ground in “Euro land”? Are your “Food Libraries” doing a brisk business?
http://www.youtube.com/watch?v=dpcE9QgqnPQ#t=0m18s
I am German, I live in Germany, I cannot say anything, as the statistics here a extremely manipulated.
I even read now daily Swiss online news about Germany, as in Germany there is no fee press and opinions. The press in Germany is also manipulated to fit for the “parties”.
Switzerland, the land of the free, the one and only real democracy in the world.
Viva Helvetia!
free press
Get with the Times, New Roman.
Our business news channels are so heavily manipulated it’s comedic.
Name,i am very glad that you, a german national, can admit that.For a long time,on another site,having professed that duetsche bank is THEE biggest manipulator ever to step foot in the markets. and they were the ones in particular, at the time oil went to 147.50 by having the TURKS cross the border in iraq and chase kurdish rebels during the first yr that america got into the war. at the time the turks did that,duestche bank needed 20 billion dollars to shore up its reserves,or be nationalized. the turks have been doing germanys’ bidding for yrs because they CANT OUTRIGHT DO IT THEMSELVES. YOU KNOW BECAUSE GERMANY HAS THEE LARGEST TURKISH GETTO SLUMS OF ANY OTHER COUNTRY IN THE WORLD. but germans in nature,are manipulative and controlling anyway. i was married and had 3 kids with one. i could write a book. as my dead german father in – law was living proof. what goes around, comes around.karma is alive and well my friend………
Not exports. They were thriving. You could see it from Germany’s stellar performance, when they surprised everybody with record high GDP. But I’m not sure now. There’s “price stickiness” in export business, so we might see reductions of corporate net margins, but volumes might still be the same as when EUR was 1.18 as you say. Also a lot depends on purchases from China and other “emerging markets”.
Switzerland writes history on October 15 th. 2010!
The Gotthard Base Tunnel: the world’s longest railway tunnel witnesses its final breakthrough in Switzerland on 15 October
Since 14 years huge boring machines have been tunneling through the mountain.
http://www.presseportal.ch/de/pm/100001296/100611871/swissinfo
http://www.swissinfo.ch/eng/Home/index.html?cid=28292830
OK, who should we short?
hehehe DB
All that needs to be said…
http://tinyurl.com/39voxn2
Yikes… that didn’t work like the plan. Disregard immediately.
Instead copy and paste this bad boy:
http://www.phuckpolitics.com/wp-content/uploads/2008/12/who_fucking_cares.jpg