“I am going to tell you all you need to know for the rest of your lives.”
Nothing matters. Whether we are discussing Italian debt or Greek insolvency, the fix is in. The ECB is forcing banks to buy sovereign debt again in order to give the impression that the crisis is over. I surmise, they can do this forever, without ever having to deal with onerous consequences. In the meantime, stocks are trading the fuck higher because there is no fear, whatsoever.
Did your company report earnings and see its stock trade lower?
No fucking problemo, hombre. Buy the dip and get your share of the billions being made in the market. Eventually, everything will trade up. Look at shares of JVA today, totally devoid of rationality. But who gives a fuck? There is a gazillion dollars in counterfeit money without a home. Those dollars need to go somewhere, why not stocks?
Okay, I know this missive is confusing many of you because you’re not a cynic like me, so let me be clear.
I am mocking the market. I believe stocks are in a bubble, but can continue to inflate because there are no boundaries to the level of risk that people are willing to take. We’ve learned nothing from the collapse of 2008. As a matter of fact, things are exponentially worse today than the mere housing debacle that we experienced then. Today’s bubble is on a global scale, stemming from governments with insatiable appetites for spending without a worry in the world.
Our pension funds are heavily exposed to the market. A friend of mine runs a very large pension fund and has 95% exposure to equities. He is not allocated in bonds or precious metals, just stocks. When the market collapsed in 2008, he was down almost 60% on the pension. Like many others, he desperately needed the stock market to rise and rise quickly, in order to remain solvent.
Now you know why the market is rising and how the odds are stacked in favor of the bulls. I do not suggest shorting stocks; it’s too hard. As a matter of fact, I too want to bathe in the splendour that is the stock market bubble. However, I want to do so on my terms.
Unfortunately, it appears I may have to wait a long, long time.
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What was your take on ALJ’s earnings?
Chinese Lotto Time!
Patiently waiting for the PPT Buy signal for my $GMCR. Buy that dip!
VIX goin to zero…
VXX tits for the win!?
Hard to make rational investing decisions in an irrational market. But that’s the way the market likes it. Too early for a sandwich, so I’ll go back to sleep.
The most important thing is for 0bama to get re-elected. The markets and the economy have to look good for about 8 more months.
in the context of your post, who pays for the bail-outs. in a fiat currency, does it matter? the reality is what? gold should be smokin, but if all deflate becomes 0 gain.
when fund managers finally decide to get into pm’s,the mania will have already begun. were nowhere near it, yet. and they will eventually lose more money as the devaluation of the almighty has begun.
it will be a riot!
raz,you still holdin clne?
Hard to see how this doesn’t end black hole implosion style, but I’ve been wrong about that for many months now.
Sold EXK and NGD this morning. Your PPT algo’s nailed it once again. Thx.
get back in for round 2 then !
Here’s a comment from a frequent reader and infrequent commentator:
I am the most risk averse guy you’ll ever meet – from the industry – retired at 40- and until 2007 was happily living off my bank deposit income, which was 99% of my liquid wealth. Now – I’ve had to chase equities to get yield and have 40% equity exposure for those f***ing dividends. I am terrified of this market, and am terrified to sell. Am brushing up my resume …
You seem more Canadien to me.
#habssuckballsdeep
Leslie Neilsen said it best…
http://www.youtube.com/watch?v=R7boUa5FXBg
ALL governments have sovereign debt, and almost all corporations have corporate debt, and almost all consumers have mortgage debt or credit card debt.
So who gives a fuck about debt? Just INFLATE IT AWAY, and if you are a pension fund, switch from bonds to equities.
Any other solution is totally irrational.
maybe you were unaware, but on the last post the “gold” screen said “accident and health insurance” ? didn’t anyone bring this to your attention? lol
lamo…
FLY DO COKE AND BUY STOCKS BRO
wtf you’re being a pussy lately
the gov has our back
Anybody who uses the expression “has our back” should have his nuts cut off with a rusty hacksaw blade. That includes Obama.
This is as DUMB an expression as ever has been created, and to attempt to show one’s alleged “savvy” by using it is PATHETIC.
lol,that one is right up there with,” you’ll come up smellin like roses”.anytime any body tells you that,tell them to turn around,because it always ends up sticking your boot up said rose peddlers ass
Don’t forget the toxic, “got your six”.
Fly, you ditching ALJ?
Fly…
I also “run” a pension and I can say without hesitation that your friend is violating his fiduciary responsibility to the pension membership. No model, especially with regards to pensions, would ever advocate such a large percentage of assets to equities…even with bonds being in a bubble-like environment. I trust this is a private pension because no way that BS flies in the public sector.
IT’S TIME FOR Ultimate Warrior Nymph with her sidekick the little US Dollar to put on our War Paint and go after the Clams again. The Broke Clam, (ECB) kicked me a new one in Dec/Feb by killing its balance sheet. They threw everything at it, and way too much hot money went back into commodity plays in China (like it always does)..French and Greece Elections coming up should start to put the fear back in..Come On Germany, Stop this madness. Bank of Japan is tonight, if they stimulate their dead horse then that will actually be good for the USD. Our Clam with GDP, NFP being good has no bullets, all it has is rumors in the WSJ which is so lame. This market is going to die in one of the worst bubbles I can imagine…yet everyone still buys AAPL…ugggggh
How can you afford internet access to post this drivel? You have been so consistently wrong you must be broke by now. It’s not surprising since all of your “theories” are non-nonsensical hyperbole.
Only logical conclusion is you are either living at home in your parent’s basement, or homeless and using the public library to post this junk.
Ignore the double negative. Your theories are nonsensical hyperbole.
PM’s getting crushed!
Fly would you double down on ALJ?
What about VXX? You adding?
I bought PAAS @ 22.40, VXX @ 22.36 and double downed on ALJ @ 8.73.
*Waiting for CPST to trade up*
CPST looks lower to me but just my opinion
Buy helium… seriously.
The New Word:
“Ineptocracy”
I could not find it in my old Webster’s. Googled it and discovered it is a recently “coined” new word.
Read this one over slowly and absorb the facts that are within this sentence!
Ineptocracy (in-ep-toc’-ra-cy)
– A system of government where the least capable to lead are elected by the least capable of producing, and where the members of a society least likely to sustain themselves or succeed,
are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
Pretty cool word, it will become a recognized English word…finally, a word to describe our current political situation.
ahhhhh,might i add the word mallaprop to that. ineptocractic mallaprop,is the quintessential new word that truly describes a real politician……….you heard it here first..PAL
If you want to do “quintessential new words” get rid of one fuckin’ “l” in your mallaprop.
The stock market today reminds me of me Saturday morning hungover as fuck. Watching it/my vxx position makes me want to kill myself.
lol the electric votes.
some just gots to find fault wit everyting
Missing in action!
Not sure silicon is going to help those VXX tits in the short term, you could be left holding those tits for a while, Fly.
revenge trades never work,even when your winning.lolol