I did warn you bears it was a trap.
Traders are cavorting outside the NYSE with just shirts on (extra cock shorts). Their entire genitalia exposed, as they traverse the streets of Wall, rolling into the City Square dick guillotines. Any and all bears will rounded up for sentencing and placed into this arcane device. For posterity purposes, just know that it is I who relished in the idea first of killing short sellers with medieval torture devices.
On days like today, with both European and American markets shooting higher amidst a flurry of energetic buying in commodities and bonds, I am proud to call myself a member of the enlightened cadre of money changers. The wall of worry is built with the bones and the marrow of those who dared to tare it down. If you were to ask me ‘Fly, how did that wall get there to begin with?’ I couldn’t tell you. That’s chicken v egg shit, way above my pay grade.
So how am I doing today? Old man good.
Many of you whipper snappers are making, hell, 10-15% in some of your brainless stocks that keep chugging higher. I’m merely partaking in a small enjoyment of gains, long TLT, GLD, AUY, AU and ABX. Some of my gains are being offset by FCX short, which has melted higher due to a renewed bullishness in China. But my overall thesis has proven to be correct. I’m no longer interested in maximum potential gains. Instead, I favour high percentage returns with the least amount of risk. I emphatically believe both bonds and gold represent that narrative supremely.
As mentioned earlier, debts are assets. Good news is good news. Bad news is good news. Up is up and down is up.
Up, up, up.
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Like Old Man Golf – not real long, but right down the middle every time
Thanks again for that post on Morgan Stanley downgrading $FCX – easy money
FCX will trade lower.
Purely enjoying the timing signal JPM provided. Wouldn’t surprise me to see it at $20 by end of year then look for JPM to upgrade for a sell signal
Free O.J.
Hang on to your FCX short if you think events in China will influence the share price.
China is a shit storm waiting to happen. It’s just a matter of time before the chickens come home to roost over there.
Countries cannot function normally with a debt to GDP ratio of 2.5, if indeed that is accurate…who knows with all the nefarious accounting practices undertaken by the lotto players over there on a daily basis.
Falsification of “books” is a way of life for the Chinese much the same as Middled East type savages chopping off heads.
It’s just what they do.
Along the vertically challenged line of thinking (short…)
How would one play Japan? Financial machinations in that country are reaching insane levels. Japan is indeed a bug in search of a windshield.
Given that both China and Japan are hard pressed financially, and the fact that historical interactions between them are less than, shall we say less than placid…how long will it take before they start sniping at each other to settle old differences?