The city of Detroit filed for bankruptcy protection today, burdened with $20 billion in debt, thanks to democrats and unions. This is your future, American–prepare for MOAR.
The S&P 500 is +4.7% for the month of July, so far. Looking for precedent, there have been bigger gains for the month in the past. During the years of 1997, 2009 and 2010, the market soared more than 6% in July. But in two out of three times, the market fell sharply in August.
Either way, I think it’s time to take the foot off the pedal and reduce exposure to risk. We’ve been running red hot for weeks, with hardly any pullback. Yet, I feel somewhat stunted, almost cheated, by some of my positions sitting idle amidst an orgy of buyers.
In the past, whenever this happened, a correction was just around the corner.
Earnings are about to start rolling in and I think a near term top is anywhere from 1-2% away.
Oh yeah, I had a shrimp ceviche for dinner.
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For dinner I’m checking out the options at SWY.
i ate cake. iguana stile with whipped cream.
Several years ago, on this here site, I told everyone get the hell out of Detroit.
I had roasted iguana for dinner, Detroit style: http://www.youtube.com/watch?v=eyCEexG9xjw
On a health note for all you la z boy jockeys, get up
http://articles.mercola.com/sites/articles/archive/2013/06/23/vernikos-sitting-kills.aspx?e_cid=20130623_SNL_Art_1&utm_source=snl&utm_medium=email&utm_content=art1&utm_campaign=20130623
Have pity on us peasants Dr. Fly.
For dinner I had a turkey sandwich with fresh tomatoes.
Oh well….
I ate chilled Hormel tamales chased by a peppermint. Complacency. Bernanke has removed the invisible hand. All you metal teeth will pay sharknado style.
Maybe a tycoon like Donald Trump will buy all the real estate in the Detroit city, rename it “Trump City” and evict everyone until further notice or else they will all be forced to watch Celebrity Apprentice
Detroit is a cesspool. I hope all of those city fucks eat shit and die.However, I smell Obama stepping into the mess. He must make this move because Illinois could be next.
Sold everything into strength today. In the last month or so I got 35% long. (big deal and who cares.) Now I am 99% in cash. Feels weird being so conservative.. But whatever. It’s good to be flat.
Fits my style. I want GMCR again on a dip. The stock trades and has momentum. Earnings should rock because coffee is in the shitter.. Thus, margins should be good. Even though the kuerig like space is becoming commoditized. I just hope there are no more accounting problems.
I hope it is wild gulf shrimp. not that farm raised shit from asia grown in human feces.
For dinner I ate cock!
Cannibal
For dinner I ate cock!
lady Markus R….yes?
Missed the new Senor Fly post so will say again. Charles Barkley is one of the coolest guys on the planet. Grandma titties got the interview of her life. Charles broke down life and current events in a fluff whatever setting. Seriously a must see. Mr Barkley should be a professor the fucking schrools need the guy.
Saw it. Very good.
Godzilla is having a down day tonight. The horror. Still think the tape lives or dies on Tokyo. Beware the price of rice.
Godzilla is an A-sexual Tyrant
Roberto Carlos loves ceviche
The Senator may be in luck. Gold has an angry look. Will the bullshit everything is fine the japs are buying Rockefeller Center again get inflation pumping?
inflation???? saw a bag of spuds yesterday,my jaw dropped,i couldn’t believe it,potatoes are up 500%.dont believe me,go to the store.inflation is here and now!!!
During our 34 (I think) years of marriage I have done just about all of the cooking and grocery shopping.
I now go to 3-4 different grocery places a week.
Publix for BOGO, Aldis for some of their fruit and vegetables (Blueberries-.99,seedless watermelon-.2.99, mini sweet peppers-.2.29, cauliflower-.99,etc.), the local fish market(like the poster said above NO farm raised crap from Asia), Wal Mart for drug sundries, etc.