Pardon my imprudence for interrupting your evening with yet another blog. However, I thought it was a good time to update you all on my Silvery Reversal post from last week. Happily for my good friend, Senator Gint, both gold and silver have saved him from a rude opening to 2012. Out of nowhere, inflation seems to be the trade. However, I warn you now, be careful about acting in haste and do not forget the insolvent realties in Europe.
Here are the results from The PPT proposed ZSL short.
Naturally, one would assume that this is mere coincidence, an aberration of sorts. The truth is, this is the 15th of 16 previous occasions that The PPT has nailed ZSL, almost to the day.
What next?
Well, I added one last round of TZA today, completing the third tranche of my buying program. Should this trade end up a loser, I am willing to accept that. The whole idea is adhering to certain disciplines and believing in them, especially when your faith in them are tested.
Having said all of that, I enjoyed a 1.65% rally in my holdings today. I will be selling into strength, but not all. My target cash percentage goal is anywhere from 40-60%. As you could understand, I was in no way largely exposed to the market elements today, as most of you vagrant gamblers made north of 5%.
At any rate, it’s gonna be a long, long year and the majority of you, on your own, will be insolvent before 2013 is ushered in. Everything you saw today was a lie. Enjoy it while you can because it will be short lived and Italy is gonna fuck the planet soon enough.
UPDATE: This is hilarious, especially if you’re in the business.
H/t Backnfill
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Fig
U so funny/phoney – but not in the way you think. Holdings up 1% “soaring” picks – like Deck. Go back and use your fingers to count where you actually bought and averaged down. Glurp, Glurp, bubble, bubble. I know: I’m banned (supposedly, again).
Pray tell me, is DECK my only holding? Did I say I was up 10% over the past week?
As a matter of fact, I believe everything said was pertaining to today.
No, you are not banned. Instead, tell me, what in this post is foreign to the truth?
It would be too easy for you if I banned you. I await your answer.
And there is no need to look back for my cost basis on anything. It is right in front of my face and they are all time stamped and recorded inside The PPT. Additionally, I disclosed here my basis was just north of $90.
Now does that make me a bad investor? Does this mean that I am doomed to fail in DECK because it went down since I bought it?
Are you entirely new to the field of investing. If so, do you require some reading materials to familiarize yourself with managing money?
That damn DECK is displaying some strange behavior.
I sold out my long side this AM, kept my short stuff overnight.
May the force be with me.
if everybody here is such a loser, why are you even defending your trades against such lowlifes? time and the market are the ultimate judges of your performance..not your rationale anyway. there are tons of “geniuses” and their offspring eating out of dumpsters today.
fly, just did a post in 12631. the stocks in your,”Will You Partake in Discount Buying”, entry did quite well, none down, max 9.9%.
this vagrant gambler is bank some coin. thanks for the pearls.
pearls, Pearl Necklace?
My only problem with this Le chiffre is that Unless one bought pre market they would have missed the whole move. Just sayin. Huge gap this am.
Naturally. I give no credit to myself for that post. However, it’s worth noting, the biggest losers of 2011 were the biggest winners today.
Le Chiffre? The bad guy with the ball-sack weapon in the Bond Film?
ROFL!
Awesome avatar, too.
The babe in that movie was extraordinary… Eva Green, I think?
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I believe Le Fly owns one of those chairs as well
JakeG. correct and…. she is stunning!
yeah, i know, gonna play around with the list and see if i can mine something
Le Flu is never wrong.
Ever.
KD style, yo.
Banned!!
So much of the ISM, Global PMI should have already been priced into the market. Now, I have a China Closing and no restocking ala 2011 to look forward to in the next PMI data next month. Low volume on this first day of trading…only Stupid Iran and its threats of launching 150 missles at Isreal if US invades..omg, I am going on Vacation until Jan 30 when EU says it won’t impose sanctions on Iran so they can stop all this silliness and I get the econ data I want. BTW, US Auto Sales really surprises the heck out of me…I guess we are back to easy credit again.
I’m no expert, but I know at least some of it is channel stuffing. GM certainly is counting a sale as vehicle shipped to lot.
Record number of cars sitting in lots currently…
People really are buying (leasing) cars! -0- percent interest, high used car prices; the lease terms are quite attractive. No interest and a high residual.
Thanks guys. I forgot about Auto Makers counting sales like that..thank you Dr. Funk. Yabollox..I wonder what the rate of buying vs leasing there is? Leasing is such a rip off..can’t believe so many go that route. High Used Car prices, I wonder if that is that special gift to the USA used car buyers that cash for clunkers indirectly gave…such a great example of Freakeconomics, lol.
Indeud!!
GM is up to their old tricks of ramming inventory down dealers throats.
A good friend of mine is part owner of a Chrysler dealership and says that they have tons of ready buyers coming in to try and purchase a car or truck but few are deemed credit worthy by the financial institutions. He estimates that nearly 40% of potential buyers are turned down on credit approval.
Things are not what they seem in the car biz.
Heaterman..Thank you, it is amazing what is happening. FWIW, It appears that leases are now 25% or so of the “sale” figures, and it looks like they are trying to go for the entry level buyer who really can’t afford any of it, ouch. http://www.edmunds.com/car-leasing/leasing-is-back-with-some-new-twists.html
Heaterman,
I have a friend that owns a Toyota dealership, and everyone there is “credit worthy”. It’s subprime in the auto-industry.
The financing decisions come from Tokyo. He says that if someone has a pulse they can get a loan through the japanese.
I like the change in the days-ending music; I can only hope this will cause a lot of the undignified proles to scurry off.
Only proles write in ALL CAPS
out of your ass.
Dr,
thanks for the music…
you surprise me every time..
Estonian, way to go..
Baltic countries are great place to visit by the way,
economy crapy, but great for tourists.
I’d visit a Baltic country only if the desire to live left my soul.
haha , it’s very safe just like Scandinavia would be,
you can also take a cruise on Baltic sea, which is awesome
but a bit cold in winter
It felt like a lie to me, watching the tape all day long.
Big money hedge-fundy industrial lies.
stop feeling and start trading, you’ll feel better 🙂
Let me guess Fly, missed another gap up? How predictable, next thing you know you’ll buy the top and be holding my bag – Your followers can’t do better? Lol
Did I mention in this blog that I missed a gap up, Sir? Are you in need of a elementary school reading tutor? I will furnish one for you, at my expense, if this is the case.
God bless your generosity, sir, but your offers to pay for tard tutelage will be swiftly abused by legions of dope slopers – led by their douche in Chief…
The time may have finally come for would-be posters here at iBC to be required to sign an official …
“iBC Comments Participation Agreement” !
—
It might go something like this …
—
I (name here) do solemnly swear to “The Fly” that I am …
Never gonna give you up,
Never gonna let you down
Never gonna run around and desert you
Never gonna make you cry,
Never gonna say goodbye
Never gonna tell a lie and hurt you !!!
—–
Isn’t it about time ?
Make it happen !!!
.
Is it just me that finds this hilarious?
He just rick n rolled his post.
Nice.
http://www.youtube.com/watch?v=okqEVeNqBhc
… Never gonna give … Never gonna give …. Give you up !
Never gonna give … Never gonna give …Give you up !!!
😎
.
ROFL
Why do I suspect Alf owns the original Astley album?
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barry white….rip
Funny that nobody mentions that German unemployment hit 20 year low last night… this is huge..
Yeah, remember when THEY were the guys struggling with a schlerotic, 10% unemployment economy?
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are you still in SKF oh genius of the silver set?
I still have about a 100 shares, so I can keep an eye on it.
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Lot of churning today. Defensive got sold for commodities. Probably meaning not much cash out there. Meaning the big boys are either out or just riding.
Baltic Dry index crushed. owie
The last time the BDI meant anything was…….?
before 2007 🙂
one day does not a trend make…keep your powder dry and your knickers moreso…today was a trap
Rick Santorum? Wtf?
… the depths of stupidity in this country is seemingly without limits !
Fuckin’ scary !!!
.
unfuckingbelieveable. Santorum? The biggest tool America has ever let out of the goat pen.
Certainly the election to the Presidency of the United States of the farthest left, least experienced, least vetted junior Senator in U.S. history is proof of that, Alf.
But at least the Crackboys are home for the playoffs, right?
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you need help packing?
Fun Facts:
The “stimulus/recovery” we are currently experiencing is fake.
This whole ride is all smoke and mirrors.
The world economy is being sucked into a giant vortex.
How? You ask…..
It is being fueled primarily by our government, borrowing money.
For example:
In 2007, the US GDP was 14.0 trillion.
In 2010, the US GDP was 14.6 trillion.
-a net increase of $600 billion.
Versus US Government borrowing & spending:
In 2007 We borrowed and spent $163 billion.
In 2010 We borrowed and spent $1.4 trillion.
-a net increase of $1.2 trillion.
This means that the entire increase in our GDP in that period, can be attributed to the increase in government borrowing AND spending.
Guess what? It is NOT getting better!
Sell into strength, my friends…sell into strength.
woohoo…those are big scarey numbers billy! ..or are they? how can you make those statements? maybe trillions are really chump change today…context dude..context
I said from Day 1 … that I was happy that the country would finally see what many of us Texans have known for years. That is … Rick Perry is a MORON !!!
By ALL accounts … he has proven that to be true … without a doubt !
After mounting a short-lived “campaign” … that at times seemed like an outtake from “Hee Haw” … the dipshit finished a distant 5th in Iowa and has NOW announced “he will go back to Texas and reassess his “campaign” !
REALLY, Rick ?
Ya think ?
Sounds like double-speak for … “stick a fork in my dumb fuckin’ ass … I’m done !!!”
Sadly, you are still the Governor of Texas !
FU Rick Perry !!!
.
Here here. I had the same thoughts as you did when he announced he was running. He plays up to the rednecks well… rest of normal America, not so much.
Read last months Rolling Stone article on Perry, and how he sells state assets to the highest nuclear waste dump bidder.
Hey, maybe he can get back in town in time to take the new offensive coordinator slot for the Cracks?
I hear he’s buds with the Sleestack.
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If Santorum wins. This is going to be an opportunity for a guy like Trump to run as an independent and actually have a chance.
Maybe Jesse Ventura would be available, can he take Arnold as his veep or does the veep need to also be US born?
Have you ever been IQ tested?
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Stand back!
The first of many Prophesies of Jakerodamus have COME TRUE!
Place your bets now….
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those that think they know how the game will be played this year will be the first to GO INSOLVENT peddling bad fish living in Italy with their retarded relatives.
I ONLY WANNA RETIRE WITH 25