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Wednesday
May162012

Balls to the Wall: Long and Strong

Gunter here::::::

 

I'm buying everything tomorrow. Tomorrow is risk on. $SPX just keeps getting hammered along with lower type volume and $AAPL getting plugged in the ass.  Unfortunately, Apple has become the market.  However it moves, is how the market ends up.

The market of stocks has become unruly and needs a thrashing.  This short termism is being controlled by thugs and punks.  We're staring down another nasty weekly run out of stocks as the excuse on Fridays must be "who the fuck wants to be short going into the weekend and another bank run on Greek shit."  But look at what happened on the way to the Agora... Europe closed mostly up today and America, Captains of Pessimism and the cheapest get rich quickisms, sold off at the end of the day... Buying the Dips and Selling the Rips.  Who's long the market overnight anymore?

 

Crickets.

 

Balls to the Wall. It takes Balls.  The amount of companies trading below book or at super low Prices relative to earnings and Revenues.  Hey, Petrobas.  You made more Revenue than last year? Fuck you.  You're 20.  Get real long right here.

 

$SPX is 1324.80 right now.  Remember that figgger, bitches.

 

Now. I have to go drink and eat.

Thursday
May032012

The New Modernism is Comfortably Uncomfortable

(when you google: Futuristic Fucking Picture: This fucking shit pops up and Google Fucking Wins!)

Or; perhaps the other way around.


For years oil companies have had their own message board systems in place for solving problems quickly, in-house.  It wouldn't be much for an engineer working on a project in the Gulf of Mexico to post queries into a form that any number of viewers could see and have his prayer answered or at least discussed and debated.  An engineer in Khazakstan could see the problem and having solved a similar or perhaps same dilemma she or he could at-once respond and without much delay and  the challenge was overcome.

 

Within a short amount of time intereactive vehicles for every sort of construction or deconstruction or, let's face it, both have materialized.  While, far from ideal at this point, anyway- services such as twitter and long-used message boards have developed and so too has a new level of community.  This feeling of community was merely incidental to the stated goals of discussing oil patch work or for that matter professional football or professional women.  

 

Yes, we are barbaric creatures, but, we have feelings too.

There are those of us that have discovered our inner barbaricness on said forums or those of us that have inspired others through various ways.  We have made personal friends.  Even acquaintances.  We have have come to identify certain monikers and avatars [Pictures] with sex, knowledge of economics, individual stocks, great porn, hilarious ways of telling incredibly false stories that our eyes cannot tear themselves away from and much more.  We have developed disdain for some, but a true appreciation for most whether incredibly benign and innocent; irrelevent to us; or benevolently necessary to our being.  It is something that is new to our time.

It is different.

And there is that word: different.  It doesn't matter who you are, the feeling of differential is never the most easily undertaken.  This is why I feel that the next stage of human evolution is indeed upon us.  In order to separate from its predecessor a species moves ever so fractionally away from what had been a core item.  

In this near-space-age of movement we have become detached from our former cores of family and local community.  With the freedom to be where you would like to live it generates a new realm.  It's almost a dream.  You can wake at any moment and touch whomever you would like or you can keep walking into space and commingle.  At all times your old connectedness, whether you should like it or not, is within an eyetwitch or fingertap. 

"Mom?"

"Yes."

"I love you."

(keep in mind these quotes are from an online communication--- And thank fucking goodness for that because this whole tuck me in at my desk at work routine would take about an hour on the phone-)

 

Nevermind the parenthetical quote of insobriety above.  Let's face it, our parents, and our grandparents were much less connected to their parents than we are.  Our grandparents fought in wars and got FUCKING DRAFTED (Imagine that, while we pivot around in our soft cotton wombs of lifestyle we're so accustomed to living,  absolutely spoiled rotten (by ourselves, mostly).  Actually, some of our parents were and even people we consider friends- were drafted.  Can you imagine winning the lottery to go and die? This happened.

Here we sit.  In kitty cat land. No literally, in kitty cat land. I see more pictures of cats doing stupid shit than I can tell you.  I feel bad that our relatives died for this right but knowing German people, I'm pretty sure they'd have been all about the cats, too. Just kidding. They did give the whole fucking world a run for its money.

Let's take over Antartica.

Just kidding.

So left field.

That shit is real. Or at least was real, but at least now if the grownups all decided they wanted to have  a war, we could all go on twitter and say, "I'm out" on both sides and definitely tell those who really deemed it so necessary that it's not really so fucking necessary because I have a friend from there and there is no fucking way I'm going to kill my friend just because you say so.  And guess what? My friends friends friends friends are.... my friends.

 

Whether we're internet homies or merely acquantances there really is no reason for me to hate his ass. Religion? What's religion? We were never really discussing that in the first place, unless of course we met on a forum for mutual debate and deconstruction as a place to come to terms or learn or win a VERBAL WAR as to who might be right.  What's the worst that could happen? Your new friend says, "Nahhhh, that's dumbest thing I ever heard?"

 

Yeah, that's about it.

 

Go deep. I'll hit you.

 

Monday
Apr302012

Oh fuck....

Yep...she's back.  After not hearing much from Abby Joseph Cohen for a while, she is now back preaching about how the US will avoid a recession for the next few years.  Whew...I feel better now that I heard that.

For any of you who dont know who this...thing...is, she is the perma bull who works at Goldman Sachs.  She has NEVER, EVER said anything negative about the market in her life.  She is right up there with Barton Biggs as a person you should never listen to.  I distinctly remember those two pounding the table to buy tech stocks in late 1999 and early 2000 when the NASDAQ was about to peak.  Ditto to early 2008 after Bear Stearns went under and there was "nothing to worry about".  We used to have a guy at my old firm like this.  I wont use his name, but we will here call him Al.  Al was always talking about "looking past the valleys to the peaks ahead".  He was full of shit.  And so is this clown...

 

Friday
Apr202012

This Sums Up My Feelings

 

Billy Bob Balls--- Krull is the Man

 

I'm building positions in European Banks that still make money and are over 20billion in Market Cap.

Thursday
Apr052012

Coming this summer....

So now that Greece is in the rear-view mirror, who is next?  You dont really think that "everything is good" again in Europe, do you?  Please say you dont....PLEASE...

 

My guess is that Spain is next...that Spain will be the next "problem" that needs addressed...probably this summer as that seems to be the time all this shit hits the fan...just like that shit the market took last summer with Greece.  So we are about 1400 on the S&P now...maybe we can get a nice 10 to 15% correction this summer...get down to maybe 1200 (just enough to scare the shit out of Joe and Jane retail) and get the rest of my cash back into some of these markets. 

 

Speaking of idiot retail clients, I had one call me today.  They have been badgering the shit out of me for weeks now with 1099 questions and general stupidity.  I wanted to reach through the phone and smack the shit out of her.  She has no money and has no level of sophistication in the markets.  Doesn't know the difference between preferred stock and livestock.  So she calls today wanting to buy a Barclays structured note that is tied to CAT with a 8.5% "coupon".  And you wonder why people lose lots of money in the markets?  Through stupid fucking decisions like buying a structured note when you are a conservative income person.  She has no clue that the 8.5% coupon in not guaranteed.  She has no idea that if CAT goes down 20% in value at anytime in the next three years she gets NO fucking coupon.  And CAT is trading near an alltime high....hmmmm I wonder who is gonna make out on this one?  You guessed it...the bank!  The client is going to end up getting her money back in 3 years...the bank is going to get use of her money for three years essentially for free... and she would have been better of just buying a dividend paying stock and holding onto it.

 

I just keep wondering what douche suggested she buy this dogshit?  Probably one of these guys who used to be a used-car salesman and could give two shits whether this lady gets what she needs...as long as he gets his two or three points.  I am sure the guy sells structured products and index annuities and holds himself out as a "Financial Advisor".  These idiots need to be shot...

 

On an unrelated note...tomorrow is "Good Friday"...not so much for me.  Tomorrow is D-Day for me.  Gunter knows what I mean...all the rest of you can keep guessin.  Plenty of Miller Lites tonight....