This time the bottom is really in, for real. The King and all of his men have promised to bestow gifts of leavened bread and sea urchins on us regular folk. They give us 401k plan balance increases, by way of trying to cause inflation. If you think about it, it’s a fucking odd sort of monetary policy, one that everyone seems to be clamoring. They have programmed us into believing “inflation is good,” while “deflation will make you die.”
Who made that shit up?
Last I checked, I like when prices drop. After all, I’ve got money in the bank and spare change in my fucking pockets. The last thing I want is to see the value of my savings deteriorate via gangsterism induced inflation.
If these 4%+ up days weren’t so frequent, I’d be shooting myself in the face with cannon fodder right now. However, looking at the market rip higher today, exploding with joy if you will, it only suggests yet another selling opportunity—at least that’s how I see it.
Nonetheless, luckily for me I am 100% cash, missing out and at the same time protected from myself.
If I was trading today, I’d likely belly up to the oil bar, going long some names, due to the SU for PCZ deal. APC, CEO or OXY look decent for a trade, with a small DUG position as a pair, of course. Also, I think it’s time to short the euro again, via DRR. And, finally, ISIL looks ripe for a long side dice roll.
NOTE: If I was long into this rally, I’d sell half today and more tomorrow morning.
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Missin a little something in the first paragraph.
sea urchins…too efffing good.
The only thing surprising about the housing numbers is the fact that anyone in the media called it a surprise.
It’s been due. It IS meaningful. There actually WILL BE a spring selling season, this year, for the first time in 3 years. And it does build a case that says housing is bottoming, stimulus is still pending, earns may be bottoming right now, and joblessness may top-out by 4Q/1Q. Are we overmanic today? Don’t know, don’t care. But I’ve been sitting 50% long and will get longer when we pull back, probably by 1Q earns.
Now is time to start contemplating Fed over-stimulus, under-pullback, how fast is the earnings bounceback, the creation of the inflationary vortex (so Fly can still be glum about SOMETHING) and the slow decline of the dollar.
Hey Fly,
What happened to the PPT advertisement berating women? Did you bow to political pressure?
The Fly was generous enough to pin point his location on the front page.
I doubt that CNBC fans can make use of the PPT without a complete brain rinse.
You will also note that Romania is surrounded by countries that know no end to their prosperity, a virtual cornucopia of opportunity and large bank balances.
cnbc skanks…fat sloppy stupid pigs..wouldnt bang cabrera with my dogs dick…fucking beaner wash woman…
London, I disagree entirely with you on housing.
1) A Feb increase over January is a seasonal effect. The year-over-year number is down, and down by more than it was in January.
2) A huge percentage of sales is foreclosures.
3) Prices in the bubble areas are still too high on a historical basis, except for the low-cost zones where foreclosures rule the market.
4) Unemployment is still very high and climbing = very strong reluctance to buy.
Shorter version: what Calculated Risk blog said.
Cash-N-Guns:
I’ll take Cabrera’s boobs over Erin’s anytime …
and I’ll do her doggy style and like it!
E8– my man have at it…her gut is bigger that her sloppy tits..but with enough alcohol u might be able to do her without puking when the goat faced bitch disropes.
Krull latest rant is legendary! 😉
playing oil with thinly traded CFK
I luv sloppy tits and some meat on the bones … and ya don’t have to deal with her goat face or gut from behind anyway … so, as Dandy Don Meredith would say … turn the lights out baby!
E8- sounds like u have a good plan….! have fun laddie..! just please punch her in the throat when ur done for me..
Gaps (up or down) are always eventually filled. Today’s huge gap up will be filled sooner rather than later…
ottnott is right but who cares? this is a tradable rally; tight stops and/or control the greed somehow, Pilgrims!
Yo Fly,
Someone very wise told me last year that whoever has egregious amount of cash on the sidelines is a fucking pussy…
What you think ?
Listen people…..the media is bought and paid for. anything that they say needs to be researched again and again to find the real truth. media today is a joke….CNBC is case in point. (I don’t watch it anymore)
Media makes it’s living by selling ads on the media and most of them are the same companies they talk about and interview so they will not piss them off with hard questions that expose anything that will have them pull their ads…
people right now “want” to hear good news so that is what the media (and all the paid off cronies therein) are going to say.
Housing is NOT better today than yesterday. Bank sales are up due to the overwhelming amount of property the banks now own and have to get rid of.
So let me ask you this. If a house that sold in 2002 for 500,000.00 dollars was re-sold in 2006 for 900,000.00 and then repossessed by the bank in 2008 and sold at auction for 375,000.00 3 weeks ago is that a “good” sign of housing getting better?
Fuck no, it is not. it is mearly a bank owned firesale.
No one but me apparently goes out in the real world and drives around and sees in person the houses that are still sitting with for sale signs that have had for sale signs in the yard over a year now…. still today, as I drove around yesterday to check all the ones in my town for progress, still there, unsold…..
get out people and look around and judge for yourself in your own towns.
any asshat in the housing sector that is going on the air and talking housing up and saying everything is looking up is just plain lying to you…..unless they consider a sale at auction from a bank repossession sold for 70% of it’s value a good sign….
anyone can have a firesale…..firesales of homes by banks is not what I consider good news.
They have programmed us into believing “inflation is good,” while “deflation will make you die.”
Who made that shit up?
=
Makes sense for america from a selfish viewpoint… Those in massive debt need to inflate their currency. Basically the rest of the world produces, making shoes for $1, we give them dollars, and then we just print more and more money out of thin air so we can pay for it. Eventually by the time it gets to the consumer, they’re willing to pay what cost someone $0.90 to make, and originally was made for $1 for $50. Why in the world would we? Because america runs on credit. People know that they can bborrow 20 times what they have to buy a house, then use a friggin credit card to buy stuff. If they get in trouble, they merely take out a home equity loan, to pay off their debt.
Of course it works because everyone continues to be willing to go along with it. third world contries don’t have other opportunities, retards pay $50 for a couple shoes, knowing that their employers make enough money from the massive leverage and upselling they have to pay them enough at their job to payfor it.
Meanwhile the rest of the world lives on $2 a day or less on average.
Of course in the long run it’s a giant ponzi scheme that won’t work…. But if we can actually get rid of government subsidizing of farms they can remove restrictions on how much we can grow, the world inflation and lack of food will get really bad, then we just buy up all the food, hold a monopoly and the entire nation is held at ransom to give us all their minerals. Africans, if you want to eat, give us your diamond mines and gold mines and any other minerals you got.
Otherwize they all die and then we take over anyways…
it’s an evil game of world domination going on but even though the solution is easy, we’re actually going to make it more difficult, and more painful in the long run as the entire world is brought to it’s knees and instead we’re forced into some world government AFTER we all destroy ourselves and if there’s anything left, then the elitists come in and form a world government. Guess they enjoy collateral damage.
But that’s why the american businesses run on massive leverage as do the banks. that’s why for us inflation is good. that is our scheme. Without it we wouldn’t get anywhere because we don’t produce anything but guns.
TheArtist,
I think it’s more that the media is easily manipulated, and there are some wealthy people that know how to do manipulation without buying and paying for. press release submit!
talk up everything so we can short, start rumors “cramer style” on apple to pump and dump. wash rinse repeat.
AIG bonus bill delayed by senate till next month …
Fly why are you not playing your book on HME, ACC, MAC, WRI? The shorts are being lit aflame.
inflation is completely pointless.
This blog has gone down the shitter fly, fuckin do something about it before its lost…
feels like a melt-UP into the close…
Martin Biggs predicts 30-50% rally off of 667 intermediate bottom on FBN …
AND I AM SELLING INTO THIS RALLY
up 14% for the day … taking profits and adding hedges
Damn, if this doesn’t feel like a change in trend. The bears are caught flatfooted just like the bulls were last year. Very interesting tape indeed.
Trying to stick with what I know, and not get fancy
Those of you with me on DXO I am letting another 1/4 of the position go to right size it here. Its up 40% at the moment. Additionally I am punting 1/4 of the ADBE position here for a 30.5% gain.
Added some FAZ and SRS here … hoping we don’t melt higher
Thanks E8, With the bulls in charge, Averaging into those myself. Only the FLY knows how long the rally will last. FAZ all time low!
Gaps — I added to ERX on Friday. Contemplating shaving some here.
Will probably sell some FAS as well.
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FAS up 34% — I’d better sell before Congress passes a law to tax my egregious winnin’s at a 95% rate.
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