Call me Perma-Long. I’ve walked this path before and it always ends the same: major melt up, punching the clocks off the faces of bears.
I will most likely sell everything tomorrow, being that I just made that declaration today. But, at this moment in time, I feel as if the sell off is shallow and the yen will soon start to tumble again.
God save us if gold becomes a safe haven. Like I said in a pervious post, I don’t know where the money is going. When stocks sell off, indadvertedly, dollars are purchased via money market accounts, which sends the dollar higher. But we’ve been getting hit with the dollar and bonds lower. It makes no sense.
Coffee was down 5% today. Over the past 2 years, coffee is down nearly 65%! God damn it, why wasn’t I looking at that, then buying GMCR, SBUX and SJM too?
Same goes with corn. When corn was up, chicken prices soared, hurting the shares of PPC, SAFM and BWLD. Now look at them.
The good news, from a macro point of view, input prices are markedly lower. Cocoa and sugar getting hit is good for HSY. The pressure is coming off of our corporations. Now if only oil can take a 40% hit, maybe FRO can live a little. 67% of FRO’s expenses are fuel. The shipping industry needs that Brent crude price to get hit hard.
If you enjoy the content at iBankCoin, please follow us on Twitter
No one pays much attention to Frozen Concentrated Orange Juice either. But its up like 40% +/- this year.
Meanwhile, coffee is down about the same. Inconceivable!
All the orange trees are dying. There will be no orange juice. It’s another omen…..
“Now if only oil can take a 40% hit,…”
YES!! PRAISE JESUS YES!
My dumbass stayed in FSLR even after the solars got overheated.
Its delevering – the money simply disappears. That’s the real bitch when levered trades unwind – there is no slosh, no rotation.
SBUX would be up prolly another 25% if they hadn’t have hedged their prices when coffee was up 65%. God know what they were thinking, they are still working off the inventory. But SBUX is defintiely not going anywhere.
You are still in ANFI? It’s trading wide and loose like a burrito addicted whore
Sold DRV,UVXY (for now)
Back over $98, and I think Oil trades much higher ..
Where is the Money Going?…ah, Margin Clerks 🙂
Yeah, the short squeezes are a pain!
About 2 weeks ago I sold my SWY shares because they were not doing shot…. Fuck me … Craaaap lol
Now partner, you are not following your own advice as The Old Turkey. You know what I mean, too, lol.
I got tired… I can still pick a winning stock though, couldn’t hold tight … Mind you, anyone also picked SWY? Lol
You’re still the finest man I’ve ever met!
NIKKEI getting raped again in the early going.
Kuroda did it… he will forever be know as Destroyer… in other news: millions of Japanese tourist are packing to visit with yen skyrocketing 🙂
PS: there is always a bull market somewhere
Its official Godzilla has gone entirely Lee. The ring is being given away.