Don’t look now but French 10 year yields are blowing out today, +6% to 3.4%. When they break 3.5%, people will discuss. I don’t know what is going on, just reporting the small nuances that is the stock market.
I sold out of NFLX to raise cash. I am now about 22% cash and intend to raise more.
Gold and silver are being liquidated. It is always a painful and arduous trade. But, more often than not, buying the dips turns out to be profitable.
I am not buying here and sense a lot of weakness, sans the trannies.
Bottom line: we’re not out of the hot water and stocks should be viewed with a skeptical eye.
UPDATE: I bought ERY.
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France is like the strongest country in the EU. If France falls, so does Europe. I don’t buy it.
Fuck Europe, fuck Greece, fuck Italy, and fuck France. I’m in the USA and I buy and sell stock in the USA. Europe can die for all I care. The USA will not fall with it more than a couple of percent.
I think the Germans, Swedes, Luxembourgians, Denmarkasites (sic), Norwegians and a number of other countries might take umbrage at your depiction of the Maginots being “the strongest” country in the EU.
They are the strongest of the Mediterranean bon vivants, perhaps.
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touché
LOL
EU GDP 16.2 trillion
US GDP 14.5 trillion
Italy implodes -> French banks implode -> France implodes -> US Banks take billions in losses
no country in the EU that doesn’t run a trade surplus can survive, and the path of forcing austerity on trade deficit nations is so economically destructive that a mild recession is the absolute best case, and not a very likely case. Severe recession is likely in Italy, Spain, and any country that has a trade deficit which is forced into austerity.
It is the worst monetary system of all time, and austerity is the worst possible (and in fact, EXACTLY the wrong) idea.
They are doing everything wrong, as if their goal is to destroy themselves.. and…
Force political union. You are witnessing a German invasion of Europe, for the 3rd time in the last 100 years. This time they decided to not use guns.
Man, I am just warming up to NFLX.
Me too. I hope to revisit.
Once again, spot on.
Fly: What’s your cost basis on EXK? I’m looking at starting a position in it today (down ~4%) but wondering if I should hold out for lower.
MPEL beats earnings and is currently down 12%. FML
China is nexter? Or a hedge fund is blowing up…:
Check out LVS today.
LVS is getting blown the fuck up today, but more importantly so is AAPL.
yes that’s quite important place where the money flow from , these two . to say that some liquidation going on in those two names spell ( probability of ) disaster
Fly, about NFLX you wrote “Should next quarters earnings show subscription growth, we will look back on this time as an unbelievable opportunity to own one of the great internet franchises.”
Still believe that?
I just had to raise money and holding NFLX in the midst of French yields blowing out is borderline lunacy.
I’m still running my Keurig machine, drinking coffee and watching those DVD’s they send to my house. That $10/month they take out of my checking account, who cares?
ERY? Oil looks strong, it’s Silver that looks weak.
It’s like you’re trading around that foolish EXK position JakeGint conned you in to.
ERY is a small buy. EXK is a core position.
i must say have been in and out of exk 6 times this year,it’s when I DIDNT LISTEN TO JAKE THAT I LOST MONEY. no shit
They plant trees so the Germans can march in the shade.
Austrian finance minister says Euro-zone split is unimaginable, can’t believe France and/or German would suggest split of currency union.
Not out of the hot water?
Um..Didn’t we just get into it?
Fat Wave 3 (the largest of waves) – coming down to a theatre near you.
Currencies show the direction – and the U.S Buk has clearly, clearly , clearly chosen a direction (ie…UP)
Boiling water to follow
Schroders: Italian 2012 debt sales ‘near impossible task’.
Schoders: Italian credit rating will be cut in coming months. He forecasts serious recession for Euro region in 2012.
FED EVANS: Financial crisis exposed weakness in global banking system.
SMH etf (chips) not confirming this dip and either is KRE etf (regional bank etf).
We go up today- tomorrow I have no clue.
lumber is confirming it though. tomorrow we down
did NFLX project to lose 800k customers?
rumors floating around about french downgrades.
Got long a little CSCO. Very small.
Take a look at FTNT. I like their story better.
French yields +8.5% to 3.47%. WOW
I want to ‘Jerry Sandusky’ asshole dip buyers.
yeah, bad taste dude.
Oy, that’s just wrong?
You see the latest rumor? That he was pimping little kids?
I say give everyone the benefit of the doubt, but if that schit is true… drawing and quartering would be too slow and too kind.
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Thats poor taste two fingers…
Not Bonds, they are OATS there..lol.
I already bailed on my CSCO. I may have been nuts for getting in at all, but better out with a little gain than out with an afternoon destroyer on the books.