Greetings distinguished gentlemen and low-life degenerates of the interwebz. (sic)
It’s summer and the volume is light. Sure we’re rebounding back but not on the volume of the last sell off. I *may* enter some positions, but probably not. Truth be told I’m looking for other businesses that produce a steady somewhat passive income.
If you’re still eager to get in the market, I’ve attached the top and bottom industries according to the wildly successful PPT.
| Rank | Industry | Hybrid | Hyb. Chg. (Daily) | ||
|---|---|---|---|---|---|
| 1 | Major Airlines | 1.46 | -1.59% | ||
| 2 | Regional – Midwest Banks | 1.82 | +1.86% | ||
| 3 | Regional – Pacific Banks | 1.84 | -4.14% | ||
| 4 | REIT – Office | 1.86 | -6.68% | ||
| 5 | Regional – Southwest Banks | 1.93 | -0.77% | ||
| 6 | Silver | 1.94 | -1.96% | ||
| 7 | Regional – Southeast Banks | 1.97 | -0.28% | ||
| 8 | Regional – Mid-Atlantic Banks | 2.03 | +2.29% | ||
| 9 | REIT – Residential | 2.04 | -5.94% | ||
| 10 | REIT – Diversified | 2.09 | -3.82% |
On another note, I told you I had “gone fishing“, didn’t I? Being the man of my word I have been. I caught a big Pike yesterday. Before that fish something else that is rare but cool happened. I caught a perch and was using it as bait as I *thought* I saw a true monster lurking in depths near a drop off. So I took the perch still on the line and cast it shallow then pulled him out through the drop off. Sure enough as it was right near my boat a true fucking monster came eating the smaller fish (maybe 6-8”) whole and took my line with it. The leader I had on was for bass and this monster destroyed it in NO TIME. Had I had steel wire, I’d be with a fucking trophy right now.
You see, between fishing and golfing and other “leisure activities” I’m quite busy. I’m not a money manager and as a result the stock market isn’t that “appealing to me” right now. Should we have a decided move on heavy volume higher… I’ll be more enticed.
Finally – What kind of fucking lame ass society do we live in if THIS is a headline “First Lady Revealing Too Much!?” GOD HELP the sex life of whoever is married to someone who thinks those shorts are too “riské” (sic). What a bunch of fucking prudes.
I even heard someone refer to them as “Short Shorts… No, those are not “short shorts”, these are:
Ah, fishing. The life of a king…
Your story got me thinking….On a somewhat unrelated note, I love how everyone is so bullish on nat gas. Ha! Can’t wait for all these nat gas stocks to tank and the tiny producers to shut in their gas and add to the misery by firing all their employees and selling their shamefully small production to the bigger fish. Only the monsters shall prevail. Unlike with your unfortunate trophy missing from your wall, I would begin to look at the small producers out of sask/alb/bc. The only monster i’ve heard that’s hedging (and not hurting their bottom line) is Encana.
Got some contract renewal forms from some natural gas utilities for companies in all industries and of all sizes the other day. Demand is not looking pretty.
While everyone is thinking that nat gas is trading down, I shall be laughing while I’m waiting for HNU to hit $2.50, and NYMEX (as predicted) finally has $2 handle. Life is definitely good.
Here’s to catching the monster [move] (raising glass)
I see lots of speculators capitulating and just “giving in”. I’ve done that before, regrettably of course.
I see it like this, I did some bottom picking and the floor fell through to the tune of ~40% ha.
I could cut my losses like a silly bitch or just wait it out. (Oh the beauty of no margin)
I plan on waiting it out and in the mean time hope we get some abnormal weather and the like.
Be sure to let me know when you start buying as I till have some rounds left. Quite frankly I’m thrilled I’ve resisted to “average down” as of yet at these levels.