Early rumblings suggest there will be a new crisis by March, as the republicanus and dummocratis prepare for ‘Battle Retard.’ Also, most economists are predicting very weak economic growth for 2013, ranging from 0.00 to 1.5%. Scott Bleier has been saying ‘We Are Japan’ for years. I reckon he is correct.
Speaking of Japan, the yen is stronger today, so Japanese stocks are on sale. I am a buyer of HMC on dips and will continue to do so until the stock hits my price target of $45.
If the market is serious about going higher, it will not give back too much today. We’re more likely to see a moderate pullback, then another leg higher. That being said, don’t think this market isn’t capable of being truly idiotic–whipsawing novice investors into bankruptcy filings.
For now, however, we must remain bullish until price action says otherwise.
Top pick: JRCC
If you enjoy the content at iBankCoin, please follow us on Twitter
Can 0bama not raise the debt ceiling under an Executive Order if the GOP tries to pull a fast one?
no
Well then its just crazy that congress can ask for money, and then hold government hostage and decide when and if to pay.
President should have that power to to make an EO if legislators are tools.
Either way rating could be affected. Moody’s and S&P played nice last time. This time they may have to act and downgrade.
The president should not have that much power
The masses are crying for their Ceasar.
I would like mine with an extra shot of Vodka
12 dragon rolls, 7 philly rolls #hedgeyesushiorder
Bought SMH etf (semis) this AM for the daytrade of the day.
Rationale- INTC,TXN down .50-.75% and they make up 25% or so of the etf and it is unchanged.
Got my stop in as I go for a bike ride and as I ride by HQ of Ticonderoga pencils I’ll give a shout out.
Shouldn’t you buy the individuals and short the ETF in that scenario?
Obviously, all crises are manufactured by the Illuminati, aka smart money, to get the unilluminati aka da dumb money, to puke up their shares, thereby enabling the illuminati to snap up all the worlds assets on the cheap
Just curious, why do you like HMC more than TM? TM makes moderately more attractive cars (Honda is losing market share to the Kias and Hyundais every day) and I believe TM has greater int’l reach.
HMC is more than cars
Samurai do not explain their investments to lowly merchants like you.
Think I answered my own question – HMC has 77% of revenues on exports, whereas TM has 60%. Given your yen thesis this would be a contributing factor. Of course, the assumption would be that this isn’t baked into the price already.
Another manufactured crisis to help the market reach 1500 + SPX