A great man once said “it only happens because you let it.”
Natural gas stocks are in play. The commodity is the biggest winner of 2011, so far. Shares of SD, CHK and GMXR look great. Nevertheless, I am trained to believe it’s all bullshit. So, I will refrain from chasing. Although I am long GTE, OXY and WTI, I am really more into MOTR-boating and buying up shares of social-networking plays, things of that nature. I hop from thesis to thesis because I get bored easily. While you fat fuckers smoke cigarettes in your cars, windows rolled up, “The Fly” is taking down baseball player annual wages.
Are you going to teach us all how to invest? Fuck off, no one gives a shit.
Due to the spike in yields, the Fed is now insolvent, for all intents and purposes. However, since they are into expanding the money supply, they can simply print-buy Treasuries until they are blue in the face. If you think about it, Bernanke’s mandate has been achieved, as estimated inflation is now around 3%, up from 2%. Yields have gone up; but, nominally, after inflation, they are lower. Ben is a fucking genius; but he will need to get bailed out by Congress, whenever he decides to contract the money supply. His insolvency will be revealed when he decides to sell Treasuries. Because of this fact, I believe he will not be able to control inflation, when needed. When will he sell?
Answer: when inflation gets too hot.
You should know, the Fed doesn’t give a shit about commodity inflation. They only care about wage inflation. Commodities are temporary phenomenons, but wages last for awhile.
With my money, I am hoping for a dip, in order to allocate my last 10% of cash reserves. I am convinced, with the conviction of an innocent man on deathrow, that we trade higher, all based around the laws of science, dictated by the Earth, Sun and the Moon.
NOTE: The PPT will be blessed with a Social Networking Index sometime today.
[youtube:http://www.youtube.com/watch?v=63kRUCWstCo 616 500] If you enjoy the content at iBankCoin, please follow us on Twitter
THE FLY IS GOD!!
you are a feckin’ eejit
Zombie…
Dude all the best for the new year. How long are you going to keep this up as I think it’s been three years now.
First.
Also,
If you continue to read this blog, and cannot see value: Either start tracking the picks made by ANY of the bloggers or do yourself a favor and stop investing your or other people’s money.
Zombie beat me to it while i was writing it…
Could it be that your winship is causing birds to fall dead from the sky?
They keep running into his time travel space rocket.
It’s the invisibility cloaking device.
______
That shit only happens down south. It’s the fracking chems being turned into toxic mist.
Better up and move there.
Well they certainly don’t stay in Canuckistan in the winter!
Not even the penguins.
____
I guess it’s kind of a trade-off, what with our garbage being picked up on a regular basis and all.
________
Fly still think yields will go down in January?
Nothing goes up in a straight line. Dont underestimate the power of the FED.
If you want an example, look no further than crude. All of those bullish traders betting on $100 crude is getting smoked right now. My guess is that $80-90 is the new range for the first half of 2011.
With that in mind, I dont think that the economy is ready for a skyrocketing yield just yet. Ben Bernanke probably agrees with me.
High unemployment is the answer to wage inflation.
Agreed!
May 2013
I certainly give a shit and love it when you delve into the deeper workings of your investment theories. I am very anxious to hear more of your thoughts surrounding the Social Networking plays.
Ben’s wage inflation is being supplanted by portfolio inflation. Soon we’ll all be able to take out NELOCs (Nest Egg Lines of Credit) to buy food for the burgeoning third world countries.
Doubled my pos in CHK today . Now I have 2 shares LOL
saints be praised fig.ly
Wage inflation?
HA!….There is zero risk there? Insolvent companies cannot afford to raise wages. Bernanke is a fucking moron who is destroying this country.
Herr Fly, can I interest you in the Latino Facebook , QPSA??
take a look see .. check in with the wife on that one
Que pasa?
You guys might as well start cooking meth and getting your kids to sell it, maybe they’ll have more of a chance that way. Bill Gross: “We are like female mantises eating up the future generation.”
George