Keep buy SRS, you FAZtard. While you are busy, diligently erasing your childrens inheritance, “The Fly” will be adding digits to his mystical, yet substantive, brokerage accounts.
As predicted, commodities are off to the fucking races, rogue gorilla in a Zoo style. My bountiful ERX position (2nd largest holding) has been punching mustaches off all day long. My sense, that fucker spills into the 40’s soon, taking bear guts with it.
We are in a very simple market. The banks have been quarantined and the Government is interfering with the business cycle. There is so much ambiguity out there, investors are opting to go long, since it is too early to know if the recent rebound is legitimate or not. Plus, with oil racing higher, there is a distinct presence of reflation creeping back into investor psyche. This explains the rich prices in copper, gold, silver and food commodities.
In short, financial engineers need to allocate funds somewhere. For the moment, the economy is taking a backseat to liquidity pools, with regards to how they are allocated. There is proof that economic activity is rebounding, but from very low levels.
I will remain bullish until the Dow hits 10,000 or if new evidence suggests world wide end user demand is back in the shitter. Until then, I will continue to buy the dips, much to your chagrin.
Top Pick: GLW
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