I just finished eating a splendid breakfast and find myself, surprisingly, in a good mood, bio-polar style. If you haven’t figured it out by now, “The Fly” is obsessed with making large quantities of money and harbors extreme disdain for those who are not successful.
When it comes to money, there are two types of people who say “money isn’t everything.” The first type is the destitute poor guy with little prospects, outside of hitting the lottery, of making it big. The second type is the guy who is already rich. In case you didn’t know, money is the root behind all evil and happiness.
Early going, I am feeling rather optimistic about today’s trade. Ahead of merger Monday and more Egyptian bullshit, I sense money managers will pile into gold/silver/oil stocks. I sense these things because they are my friends and they have money to burn.
Top picks: EXK, NGD
Cheers!
What a lovely morning post!
Money in and of itself is not the “root behind all evil.”
It’s the love of money that brings out the evil.
that ancient saying is most grossly misled. it should substitute “power” for “money”
but, then, when that saying was born, money was far more powerful than it is today, so perhaps the original author was not so misled
I thought it was “women”
lol
My brother gave me an interesting take on the movie I am Legend.
He said that Will Smith’s character survives (for like 10 years?) alone against zombies, and the day he meets a woman, he dies and she steals his car.
That’s a chicken versus egg argument aka exercize in futility
According to the famous Cuban-American philosopher, Tony Montana, there’s no chicken and egg controversey at all. In fact, he even adds a helpful codicil —
Firs’, joo gets dah MAH-nee!
Den! Joo gets dah POW’r
DEN! Joo gets dah Wimmens!
[Snorts small iceberg of blow]
[Enter, Kim Whatserface, stage left…]
_________
…Michelle Pheiferface
Right, I think you missed an F, but Tony MontanYa, did not.
_______
Rode a chairlift in Aspen with her once, way back when…nice gal.
The 2nd best line in the movie
http://www.youtube.com/watch?v=ugTwbS24ZAQ
Jake,
Just watched Scareface again yesterday. What a great movie.
Oil stocks and refiners, yes. Crude futures, not so much. CL looks like it will attempt to break another buck lower today, removing ALL of the Egyptian premium.
Very uplifting!
TSO considering $29.50 offer
Karen Tso?
USD looks vulnerable here for reversal – bot EUR
Sold half for +28 pips
DX broke uptrend, USD/JPY sitting on support, EUR/USD just broke back above 100 day and moving above downtrend resist
FUCKING LOVE A GOOD BREAKOUT!
Thanks for the lunch money this morning Stevie Wynn 🙂
MOS
talk that NVDA is target of INTC
LULU just keeps dancin’
http://news.discovery.com/tech/carnivorous-furniture-powered-by-meat.html
MELI, GS, LVS
http://www.youtube.com/watch?v=OCkLEo-DT1Q
Nice little pop in COP. 20% increase in dividend and a nice play in the energy patch, imo as they have nice Bakken Shale exposure, Natty G, and oil.
Love COP.
__
Mubarak DONE
shorted CL & bot more EUR
covered CL short for 64 ticks
CNBC was, by the way a full 3 minutes late on that release. Shameful.
MSNBC broadcast Suliman live reporting Mubarak was done along with a live translation and the crowd erupting. Fox had some guy in the crowd saying “Something big just happened, we’re not sure what” LOL.
also reports that suliman stepped down as well and that the army is now in charge.
Squawk guy nailed it at 11:00 before the mkt showed even 1 tick of reaction. He said ‘military tribunal”.
Also said Suleiman is stepping down as well (unverified)
That’s what happens when you go hang out at the beach for awhile, see the babes in bikinis…you say, Ahhh Fuckit!
Thx for the MOS Mr. The Fly.
Sold CRU for a small loss (3%) on the Mubarak news … ironically CRU reported decent earnings today and a $.30 dividend letting me get out unscathed.
Can we get an Egyptian translation and not the guy from yesterday.
that was hilarious – he sounded like a stuttering Filipino girlboy
I’m guessing he’s going to pursue a new career, as he should.
Mubarek Fuckery!
11am POMO & Mubarak huge euphoria reaction. Doubt spoos & forex can get back to those levels today.
When bond market closes a lot of the POMO profits drift into equities late in the day. Plus, there was a DNT option at eur/usd at 1.3500 per Jamie at live, that was taken out so we could rally if we want to into the close. But, still the BIGGER picture is still unclear, IS CHINA GOING TO RESTOCK? The Shipping rates are spiking up, and spot ore out of China/India is hitting ANOTHER ALL TIME HIGH, but Shanghai Futures not so giddy and the Billets at the China Ports flat last night…the HISTORICAL construction season starts NOW over there, the question is whether they will restock or will this set up like 2008 after Copper, etc ran up to such crazy high bubble prices that Physical Demand could no longer afford it and with only Speculators in it, thus it fell like a house of cards?
My FXI puts are hoping for the latter.
Predicting orderly transition to democracy in the ME tomorrow.
Not.
More like Black Hawk Down II, except more dancing and costlier Big Macs.
I’m still long EUR/USD – was sweating 1.35 a bit knowing I’m fighting the tape & with the nasty 4hr h&s. DX never broke higher so I figured 3500 would hold for the day to give me an out (I’m green again now).
Aussie is fighting to hold parity but USD/JPY needs to crack before we can get meaningful downside in the DX. 83.679 (Jan high) should be the tell.
OZ was down under par last night, I thing Asia/Europe has a better take vs the US traders imho. The DNT was taken out so all the selling it took to hit it has to drift back into the market to raise eur/usd a bit…lol, probably the Trader that sold the DNT in the first place. Dollar likes to follow Oil, so ME settles down and China doesn’t “RESTOCK” we should be getting a stronger USD next week. Plus China will probably pushing up Gas Prices there too soon that could slow down demand even thought China Auto Sales AGAIN up in Jan http://www.shanghaidaily.com/article/?id=463485&type=Business
My bank guy is telling me there are now heavy (retail) stuck shorts below mkt to 1.3500 in EUR/USD – there’s also a hell of a lot of in the money new short positions. Stops are just above 3555 and through the 11am highs.
Expecting more of a squeeze into the close so I can dump my long. I don’t hold anything into the weekend and, if I did, it def would not be this!
major safety issues found @ Alaska pipeline – BP again – go figure
Holy bull market for the ages batman.
Throw darts, make money.
Uncredulous.
Instead of shorting just send your money (cashiers check) to the Fly.
Thanks in advance
$MOS and $TEX
Swiss gov’t freezing Mubarak assets (billions)
IMHO, the only thing that Money buys is Freedom, once you have Freedom to do what you want to, money is no longer important to you. So many people, even though their bank accounts are big, they are still slaves, not following their passion…I can’t figure that one out at all…bottomline, life is short, being free to do what you want each day is priceless.
Accurate translation from Mexico :
http://www.youtube.com/watch?v=MJ7SGwYczwM