The market is going to continue hit new highs and I will be buying them.
I realize the debt ceiling topic will be something to “worry” about. But the truth is, congress literally as to rectify this situation, one way or another. It’s not like they can just shut down the government and go home. At the end of the day, something will be hashed out and any dips produced from CNBC fear mongering will be bought.
Think about what suffered, over the past 2 months, thanks to CNBC fear mongering over “tapering.”
All things related to rates, precious metals, bonds and construction plays. I am going to buy them all. As a matter of fact, I believe many housing stocks are 30% undervalued, based upon inane assumptions of rates skyrocketing to the moon.
This is the new normal.
POMO (permanent open market operations) all day, every day, suppressing rates–inflating asset prices. The ultimate result is a semblance, or perceived notion, of inflation. Taking a granular look at the market, you will want to be long names like MHO, HOV, USG, FBHS, MAS, RLGY, O, MTG, PGEM and even the god damned precious metals. They should be back in play, as “reflation” of bonds buttresses the idea that inflation is a distinct possibility, since the Federal Reserve proved, yet again, it’s damn serious about the idea.
What do buy?
I am going to switch my focus away from tech, for the time being, and into this thesis. MHO will be my largest position and I will buy this thesis, continuously, as long as TLT trades higher.
10th symphony! friendo
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Relf what?
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How about a little LPX?
Of course the gov’t will continue to spend and the Fed will continue buying T-Bills on the open market at $85 Billion/month. The only other option is depression. Of course, that means the rich get richer and the poor stay at -0-. -0bama hates that.
Wrong, Obama loves that.
See “the Hunger Games” for reference. There are six counties in the U.S. with median incomes over $100,000.
Four of them are suburbs of the Statist Hub — Washington D.C.
What is one to do save smoke some cheeb and bide one’s time?
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I live in the area. I wonder if there is a downtown DC construction crane index?
Government getting smaller is a joke. When traffic on the beltway is lighter, then you know the government has really gotten smaller and more efficient.
Housing prices in the area were quite resilient.
Why worry about tomorrow…LIVE FOR TODAY!!! It will be someones else’s mess down the road!!! Let the good times (and the dollar presses) ROLL!!!!
All the talk about a Fed Chairperson tapering. Well OK, but why would anyone in that position NOT choose to simply kick the can down the road, and enjoy the DC ride? The Fed chair job pays no money (for that level of status/ego ). Unless the person is already wealthy they must consider what they will do afterwards.
RAS!?!?!?!
NLY its time has returned
GOGO anyone stay in this moonshot? nice
i sold half GOGO position tuesday then bought back at 2:01 pm yesterday, looking good this morning. $20.00 looks reasonable