God Bless America!
We’ve all heard it before. “You Americans are out of touch with the rest of the world”. We’ve heard stories of how people overseas despise the “Ugly Americans”….and more recently, we had a group of Olympic French fags in speedos talking trash about how they were going to smoke our USA mens swim team in the medley relay. HA!
(U-S-A!… U-S-A!…. U-S-A!)
EFA vs. SPY:
Remember back in 2003 when a lot of people started getting into international funds? At that time international mutual funds gained a lot of attention in a big way. They were all the rage. Pretty soon investors were pouring 10%, 15%, 20%, 25% of their money into international stock funds. I even heard one guy tell me that 75% of a U.S. investors money should be in overseas investments. After all, he reasoned, we are only about 25% of World GDP. Therefore it only makes sense that investors here in the U.S. should “diversify” in order to have a truly “global portfolio”.
(U-S-A!… U-S-A!…. U-S-A!)
About a week ago, on the first day of the “Orympics”, I saw for the first time, since October of 2003, the relative strength chart favor [[SPY]] over [[EFA]] . How fitting. Don’t just take my word for it. Look it up. Test it. It’s true.
(U-S-A!… U-S-A!…. U-S-A!)
Also, on that very same day, August 8, 2008, when people were ooohing and aahhing over the opening of the Beijing Olympics, the U.S. Dollar made a significant shift in trend vs. the Euro—at least in the near term. True story.
(U-S-A!… U-S-A!…. U-S-A!)
At a time when people are negative on America and Americans, our stock market and the U.S. Dollar are showing signs of strength vs. other foreign markets and currencies.
Keep an eye on this trend that is developing. Investments and markets fall in and out of favor. The only thing that remains constant is:… change.
God Bless You and God Bless America!
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God bless this post. Nice one Alpha, def interesting trends to keep up on.
August 14th, 2008 at 7:16 pmAmen.
August 14th, 2008 at 7:38 pmFreedom isn’t free. It costs folks like you and me…
August 14th, 2008 at 7:54 pmIn the spirit of IBC’s sometimes resident Costanza trader (A-dawg), I will be going long FNM tomorrow, in size. Kind of like The Flys WB trade, only more egregious. And I’ll be going loong that corrupt POS until the Bears can grow a pair for more than a day.
The technicals indicate some positive divergences combined with a hefty short position could have this POS retesting bar-mitzvah status by labor day.
A-Dawg, may I have the pleasure of your company in this one? You’ve gone down this road before.
August 14th, 2008 at 7:55 pmFNM is a suckers play.
Might as well join me in Bob Steel’s turnaround at WB.
Or, better yet, go buy some WM.
August 14th, 2008 at 8:12 pmAlpha must still live in an ancient part of N. America, where people are proud to be American.
Unfortunately,I live in a cess pool, in the upper northeast corridors of hell, where people shoot each other in the face for a pair of sneakers.
August 14th, 2008 at 8:14 pmJuice, now is not a time to gamble, it’s a time where you should preserve capital as best you can.
August 14th, 2008 at 8:26 pmI love the USA very much.
Stocks however…. how should I say it under the New Politeness Code … are for apple-shaped rear protuberances crowned with headgear. Begging your pardon, of course.
August 14th, 2008 at 8:30 pmFly, move down to Richmond. You can rent the empty office space next to Gartman.
And as a bonus, there will be no shooting in the face for shoes, as down here, we don’t wear any.
August 14th, 2008 at 9:40 pmSure. I’ll run into men with sheets over their heads at night.
August 14th, 2008 at 10:23 pmWB already had its 2ble off the bottom .. the mo is gone there. FNM & FRE look an awful lot like the Bobbsey Twins of capital destruction - ABK & MBI, before their quadruples off their butts.
Woodshedder: How about a technical look at FNM & FRE ?
August 14th, 2008 at 10:58 pmFly, you’re a racist.
Juice, FNM and FRE both look like good dice rolls, with stops under today’s lows. It appears they might be getting ready to move big.
Still, don’t forget the headline risk.
August 14th, 2008 at 11:06 pmJuice,
August 15th, 2008 at 1:04 amI will pass for now on FNM and FRE. However, should those twin IEDs hit $7 and $4, respectively, I will join in the fray.
Fly,
You would love it out in WY. Clean, fresh air, mountains, big skies, beef cattle (no goats), no income tax, and the constant sound of money, (aka, drilling rigs).
Btw, out here, we shoot those people who shoot people to steal tennis shoes. We don’t put up with that kind of immoral, egregious shit. Plus we’re not like those bare-footed Southerners with sheets over their heads.
August 15th, 2008 at 1:13 amDo not rissen to dee Arpha Dawg! Dere are no brack pepers out heah because he and he flens shoot dem when dey get offa dah Gleyhound bus!
And I am indenchahed selvant! Not even arrowed to go to catch Bluce Ree movies if I finish cutting potatos erry!
Back to dah kitchen wif me…
__
August 15th, 2008 at 1:21 amYeah, Hop Sing, get back in the kitchen and make me a kung pao chicken sandwich, beeitch. Chop, chop.
August 15th, 2008 at 1:25 amYes, Boss.
Solly, Boss.
_
(Fucktahd)
August 15th, 2008 at 1:27 amJ&J (JNJ) Cut to Neutral at UBS.
August 15th, 2008 at 8:37 amI spit on UBS and their wholly [sic] cheese.
August 15th, 2008 at 8:53 amalphadawgg: I spit on your spit destined for UBS. And in addition to that I will collect all the spit of all my extended family and friends and simultaneously throw the spit at UBS for good measure.
UBS indeed blows.
Anyone want a job as an analyst for UBS for the insurance industry in the Europe ? They are having trouble finding someone. How embarrassing. Anyone ? Anyone ?
August 15th, 2008 at 9:11 amInvestments and markets fall in and out of favor…. history demonstrates this when it comes to countries/empires as well…babylonia, egyptians, persians, greeks, romans, british,…
August 15th, 2008 at 10:03 amLets call the rally off the July lows the Mike Phelps rally in honour of this outstanding American athelete….
August 15th, 2008 at 10:10 amI have some friends and acquaintances at UBS. They’re gnawing on their fingers while waiting for the next shoe to drop.
The call is being heard to abandon ship, but some of them are afraid of change, so they won’t budge.
How about your stock gets cut in half this year?…What does that tell you?….Is that enough to get you off your ass and start looking for another place to land?
Sheesh.
August 15th, 2008 at 11:55 amyup I keep buying more shares through the ESP as our stock price drops…..too bad they won’t let me increase the % of discounted shares I can buy…..we were 20 points off our high now we are only down a dozen….
August 15th, 2008 at 1:04 pm[...] God Bless America. [...]
August 15th, 2008 at 3:30 pmanjing, sorry for your loss.
August 15th, 2008 at 4:06 pm[...] with the dollar strengthening, the focus now is away from international stocks and back to the good ol’ USA. The foreign developed market countries are breaking down and emerging markets are already [...]
August 27th, 2008 at 1:11 am