iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,417 Blog Posts

I AM BILL MILLER

I’m just going along for the ride here, albeit my “seat” is strapped to the bottom of a pick up truck–face down. Let’s hope to avoid any road bumps, shall we?

Germany is rather adamant about not giving a fuck about Spain and Italy. I am only hating on Germany now because it suits my book. If I was net short, I’d be praising them. I’m fucked up like that.

This is all you need to monitor from now until death:

Italian 10 yr

Spanish 10 yr

France 10 yr

As an aside, keep your eyes on this shit too:

Hungary

Czech

Poland

Belgium (BLOWING THE FUCK OUT)

Austria

Did you know Saudi Arabia was 87% debt/GDP back in 2000? Since 9/11, they got uber rich off the greatest transfer of wealth in the history of mankind, allowing them to pay it down to just 10%. On the other hand, western nations are all bloated pigs, even Germany, even Canada. Countries like Nigeria are thriving, as we suck dick. Our President seems to believe we need more solar panels and wind farms. As he lies to you, America continues to transfer wealth to the camel fuckers in the middle east.

Looking over potential buys, I can only come to grips with gold and silver, once again. The policy makers are adamant about extending the lunacy. Right now the play is deflation. However, if we ever get a bounce, ever, I sense gold and silver miners will be the best plays in the market.

Moving on to NFLX. This company can file for bankruptcy if the ship doesn’t turn around soon. The $400 million raised today is dilutive and the terms are onerous. Their cost to run the business is ridiculous and they no longer have access to the bond markets. I would steer clear of this one–scary.

Bottom line: I am Bill Miller, purposely ignoring reality in exchange for fantasy land.

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27 comments

  1. Jakegint

    The turkey gods will smile upon you my son… you have shown the proper humility, and they are pleased.

    As a personal aside, that burlap three piece suit with the matching canvas homburg is just smashing!

    Dollar puke, silver spike… starting now.

    _________

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  2. ?

    News flash to mortal readers.
    You can’t make money in all markets.
    No, you can’t, sorry.

    The good news?
    You don’t have to play.

    What kind of Fisher (pun intended) are you?
    Day trader, swing trader, Son of Buffett?

    Your personality and skillset will fit some markets……others, not so much.

    Find out who you are and what you do well and just do that.

    Otherwise, stay the fuck away. Nobody has a gun to your head to guess, chase, lose and then whine. Our wounds are self inflicted.

    Play YOUR game.

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  3. KCScott

    I don’t know how Nigeria can be thriving when their Princes keep trying to get me to help them smuggle vast sums out wealth out if I only help them pay the court costs

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  4. Mr. Cain Thaler

    Ha, can you imagine if Austria or Belgium of all places were the first one to blow up, sparking the run?

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    • Jakegint

      Belgium isn’t even a proper country.

      How could one be when one is run by Walloons speaking Flemish of all things?

      One needs a Kleenex just to pronunciate!

      __________

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      • Blind Read Ant

        Being multi-lingual, as BRA is, it’s like stepping back in time for me.

        At least in German, you get to the point, the Dutch/”Waloon” language sounds like truncated English and garbled German to my ears.

        No. The languages are not sooo different: Nederland v. Belgium. Dialectics, that’s all.

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  5. ALLPROz

    You Sir are no Bill Miller…thankfully!

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  6. TMoe

    My GS 100 puts are shining!

    Screw the financials

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  7. TraderCaddy

    Mr. Cramer:
    I bought LU (Lucent) right after 2000 for about $82 (based on your advice) and now I see ALU is about $1.80.
    Buy, sell, or hold. (Don’t screw me like you did with DITC and SUNNW).

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  8. Trading_Nymph

    Tonight we are getting Flash PMI’s out of China and Europe. You know, after that giddy October Rally we had here, there is a chance they won’t suck so much. Not good for me, a bear, but it will make bulls giddy happy to buy the dip.

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  9. noodle

    the rally has started the rally has started
    see YOU GUYS at higher prices

    fly is best btw

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  10. Dick pepperfield

    Fly what do you think of wnr at these prices?

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  11. Mr. Cain Thaler

    Where did the IMF rumor come from? They have no announcement on their website.

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    • Mr. Cain Thaler

      (laughter) found the link. The IMF line is enough to fund Italy and Spain for – wait for it – six weeks.

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      • Dick pepperfield

        Hahah.

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        • TeahouseOnTheTracks
          TeahouseOnTheTracks

          Breaking news from Liesman … he’ll be back with the rest of the story once he has time to actually read the entire announcement … The whole story from CNBC in bits and pieces!

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      • Tom

        Six week end of year rally and bonus distribution. Then crash… Can’t crash before bonuses are paid.

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  12. Jakegint

    Gobble! Gobble!

    Hurry, or there won’t be much silver and gold left.

    ______

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  13. Frog Playing a Colorful Accordion
    Frog Playing a Colorful Accordion

    Martin Armstrong from Sunday

    The Real Reason Gold Will Rally: The End of Capitalism

    http://www.martinarmstrong.org/files/Gold%20Rally%20End%20of%20Capitalism%2011-22-2011.pdf

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  14. howard

    Fly, are you a Traveling man?

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  15. noodle

    gaaaahhh the option play is going to be in long calls!!!

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  16. Benjamin

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  17. Leon Palacio

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