Post market wipe out, I want to reassert my wild eyed claims that there isn’t a better sector than the refiners. They have money coming out from their ears and margins have not given back at all, despite the monstrous drop in crude. The Brent-WTI spread is here to say, at least for another two years. And the mid-continent refineries are the best ways to profit from it.
My favorites are HFC, CVI and of course WNR. Other refiners worth a look: DK and MPC.
It’s my fall back sector, one that I am confident in, despite the fucked up economy.
Today, I bought CVI and TCK, in order to press my bets on the coming 10,000 point rally. After my post, I’ve been adding to both CVI and TCK, bringing my cash position down to 30%. I will not throw anymore money into the flaming barrel of garbage, also known as the market. I will simply have to suffice on 70% long and my small EXH hedge.
In summary, I am long TCK, WNR, GSVC, TNA, CVI, TEX, DECK, IPGP and CLF. You cannot stop Le Fly. You can only hope to contain him.
[youtube:http://www.youtube.com/watch?v=5Wt3VfljmjA 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
Anybody know why commercial real estate is so weak today? IYR down 3.4%.
REITS crushed, I know.
Only SPG financing this morning. Can’t find anything
Banking woes.
Flattening yield curve is hurting them.
I’ve been considering collateralizing my undeveloped commercial lands for res-rentals.
From my micro-viewpoint (relative), who expects “grass roots” tenants with current welfare cheques via Bank of America and the complicit populace.
I just read DUI’s are down (as peep’s are drinking at home[?]).
Bank (de?)regulation could open the spigots with a new “standard” of what constitutes egregious usury lending rates, inducing massive commercial agreements, but that’s the only setup I can see incentivising biz-investors undertaking the risque (and people creating larger penumbrae of wealth cycles), i.e. enriching the old U-S-of-A.
Don’t tell Barry, he didn’t learn about that in law school, as a law prof. or vote-for-Wal-Mart cards campaigner (but he did teach Sen. Reid that game in 2010).
This is impossible in the years 2008-2012. Will 2012-2016 be different?
I love that song, I don’t really know why… we gettin Arab money!
Will you please clarify what you mean by 10,000 point rally? I’m confused.
You’ve come to the wrong place young man.
I think this is what you are looking for:
http://danversstateinsaneasylum.com/
Haha, well we’ll see who’s insane.
we won’t even hit the 50 day ma
I’m not your ma.
That was some nice architecture.
(no Dan Patrick)
to leg: Now that was funny
this is nothing more than a dead cat bounce..
just sold my longs and am bracing for the coming sell off..
looks at the banks
FAZ up a little more than 3%
>>I will not throw anymore money into the flaming barrel of garbage, also known as the market.<<
lol
short term time frames across the board currency wise – all look to be turning over in favor of “risk”.
good trades here.. set up short Yen and long Commods for anyone interested.
bounce bounce bounce…lets see how high!