Today was the first day of school in New Jersey. I went to the morning ceremonies and then took my wife to breakfast, to celebrate in advance another long, arduous, year of making sure our children do not grow up to be idiots. Truth be told, school is an excellent day care centre and I am grateful for the tranquility around the house when they are being educated.
For me, the summer is over. It’s time to get back to work.
Draghi is the new Bernanke. As we end QE, Europe begins. This isn’t a coincidence and the euro has been sliding because of it. The dollar has been on a rocketship and our yields are at record lows. The US dollar is up almost 1% today. This is the macro trade that every Tom, Dick and Harry are piling into now. It’d be interesting to see how much profit taking in TLT can persist, while UUP heads higher. My guess, our bonds will be sopped up soon.
America is the place to be–the venue of choice for money managers. We have the safest currency, best technology and strongest military, next to the feared beards of ISIS of course.
Again, and I hate to bore you with my boredom, but I need at least two more weeks to see if my topping prediction will be correct. It’s very early September and the market is making new highs. Thus far, there is nothing but blue skies ahead.
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FUCK isis, Fuck Hamas, Fuck Islamic Jihad, Fuck Boko Haram, Fuck the Fakestine Authority, Fuck AlQaeda, Fuck Hezbullah, Fuck Islamic terrorists. Fuck em. Short terrorist cocksuckers, Long western civilization.
+1
Well said Pirate
https://twitter.com/SenJohnMcCain/status/339455679800700928
Important visit with brave fighters in #Syria who are risking their lives for freedom and need our help pic.twitter.com/tx4uX572ZP
Fuck @SenJohnMcCain
You forgot two – Fuck Israel and Fuck the New York Mets! They both are nothing but problems.
Fuck Israel.
Yes, fuck Israel.
Fuck antisemites. Israel is on the frontline against terror and is facing the Jihadists head on.
Oh, and before you start that, ‘I don’t hate Jews, I just hate Israel’ lie just answer this: Can you name an antisemite who LOVES Israel? Didn’t think so…
Super Fuck Israel with a Big Arab Cock!
Israel is full of nut case war criminals. Just another bunch of nationalistic racist fascists. No better morals/ethics than ISIS, if you can’t comprehend that you are retarded. ISIS cuts off people’s heads on video – Israelis pour oil down a child’s throat and set him on fire. FUCKING ANIMALS – ALL OF THEM!
Uh Neigh, did you forget to mention that Israel defends itself from Hamas/Hezbullah/isis terrorists by using fire breathing dragons and space aliens in its army also? I think you need to try your ridiculous propaganda elsewhere where the IQ’s are substantially lower.
Google it idiot – then punch yourself in the balls – fucking animals.
http://www.cnn.com/2014/07/05/world/meast/mideast-tensions/
Hamas shoots a model rocket at the US taxpayer funded iron dome system and Israel retaliates by dropping a 2,000 pound bomb on a UN school. Even fire breathing dragons and space aliens have more brains that that. Fuck ’em all – behave like animals, die like animals.
FUCK isis, Fuck Hamas, Fuck Islamic Jihad, Fuck Boko Haram, Fuck the Fakestine Authority, Fuck AlQaeda, Fuck Hezbullah, Fuck Islamic terrorists. Fuck Israel. Fuck Tards.
They’ll cut your head off. Just to call you out and say they are tougher than you, With Allah’s help they will take over the world ending western debauchery. Our women will be distributed to their fighters in forced marriages. Several for each.
your top call while not retarded like ms. nymph traders….is ultimately no different, sir. to the fag box it goes.
Nymph has been a bear all day, every day, for 6 years. She’s correct as often as a broken clock. Fly at least calls out changes in direction as he sees them.
Buying NSPH
Is obviously in retardo mode but cant help it. I sold a swing trade on a spike a month or 2 ago and posted. Taking the plunge
Where is the “BUY NUGT” guy?
Nice to have him absent. Perhaps he is with your children in school.
Versus the guy who is buying crap small cap media stocks at alltime highs and is down 25% YTD?
If the day ends in Y then you must buy.
S&P 3000 sez never wrong Morgan Stanley.
Unmarried Childbearing
Number of live births to unmarried women: 1,609,619
Birth rate for unmarried women: 45.3 births per 1,000 unmarried women aged 15-44 years
Percent of all births to unmarried women: 40.7%
Make sure they do not make friends with bastard kids.
Seems we’re ever closer to the future envisioned in ‘1984’ with it’s 3 large big brother powers
Great movie.funny how it’s very seldom (if ever) on.Coincidence?I think not.
Actually Idiocracy is more accurate on how not thinking is going to work out for the majority of civilization.
As far as tops go I read that Carmelo Anthony has started a VC firm, the top could very well be in.
http://blogs.wsj.com/venturecapital/2014/07/21/nbas-carmelo-anthony-gets-into-the-seed-investing-game/
Good point. Also the screaming brats commercial that has been playing all summer. “We are going public!”.
The dumpage could start manana.
no top,just a slow melt up through 401k season
ENPH and CSIQ still banging off the ceiling. Too bad I sold most of my positions.
Long and strong September. Just bought FEYE!
My wife got a raise. She is increasing her 401k contribution where they don’t allow short positions…Soon the Goldman brothers will be borrowing her stock in order to assure that she properly allocates her portfolio. Fuck ISIS.
You were a day too early. Short Term Top is Today. Market has to see Draghi actually start up QE anne frankly I don’t know if it can stop the contagion, it’s probably too late.
You’re probably right. Got back to my march highs and giving a good chunk back today.
Our military is the most overrated in the world. Yeah, it’s mostly due to our political leadership and misuse of forces, but a serious review of the track record since 1950 will tell all but the utterly blind that we haven’t been getting anywhere near our money’s worth. The revolving door between the Pentagon and private industry is just as disgusting as the one in congress. But hey, Goering was right: just tell everyone constantly that even a bunch of ragheads thousands of miles a way are a threat to their children and the sheep fall right in line.
Miners WAY oversold here. Buy NUGT. Dec 50 calls at 2.50. That should tell you something.
NUGT is soon about to become a bannable ticker lol
NUGT prints 45 next week
NUGT went from 43 to 36 today.