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Obama is having a harder time soothing concerns of the bond market vigilantes than the stock market investors.
CrossingWallStreet - Barron's Punches Hole in Green Mountain Coffee (GMCR). This stock has been a regular visitor to the new highs list throughout the bear market, but now it does indeed look ripe for a setback.
Pet Millionaires: Seven Cats and Dogs Who Are Actually Richer than You.
A Hospital Themed Restaurant in Latvia?
North Korea prepares to launch Intercontinental Missile.
Newsvine - A look at North Korea's missile arsenal.
Inch-wide single-celled creatures discovered rolling across the sea floor. Gromia sphaerica are superbig amoebas, growing up to 1.5 inches in diameter.
Russian woman blasts off boyfriend’s penis with firecrackers.
The Photography of Hunter S. Thompson.
Interview: Paul Tudor Jones II, May 2008.
Q. "What was your single best trade or investment?"
A. "Probably buying March put options on the Japanese stock market in early February of 1990. The volatility was an absurd 5 percent, owing to the newness of the options market, with which many Japanese had little experience. Much like the U.S. stock market just before the 1929 crash, the Japanese stock market in early 1990 was following the same price pattern with remarkably similar fundamentals and valuations that provided enormous profit opportunities in a truncated period of time. I actually felt sorry for the people who were on the other side of that trade when I was buying those puts."
Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago - the biggest April drop since 1981.
The Next Bubble(and perhaps the last for a while) is government. The state government bubble is beginning to burst even as you read this. The federal government bubble is next.
U.S. National Debt Clock : Real Time.
The Parabolic Trigger for V Tops and Bottoms - Chuck LeBeau. There is a time for everything, and when it really is time to go against the flow, this is one of the best techniques I've seen.
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Sunday, May 31, 2009
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About Me
- Mr. Monopoly
- Any investment information in the blog is for educational purposes only and nothing written here should be construed as investment advice. I may have long or short positions in any of the securities discussed without disclosing it.
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Mr. Monopoly
5 comments:
Wow, I just spent a whole lot of time on that Russian News site. Now that's real tabloid stuff.
Concerning the Next Bubble is Gov't., I got this feed today from Colin Twiggs: "If the Fed and other central banks monetize government debt by buying treasury bonds they will start a mad scramble for real assets. Whether they be stocks, commodities or real estate — a high risk investment is better than a certain loss."
Can you explain this to me? How does the Fed buying Bonds excite the assest classes? Bonds have been trading lower, but even so, it's not like interest rates are going to plunge from some high level. just wondering.
Russians are really interesting to watch. They are like Americans gone bad! I am saying that with admiration.
I think what Twiggs is trying to say is that the Fed's actions are causing the money supply to increase exponentially; therefore bonds have to depreciate in value relative to the dollar and real assets have to appreciate. I don't see that stocks have to go up in that scenario.
I bought a nice slug of GSG, a broad-based commodity ETF on May 18 and it is responding in a really gratifying manner.
Thanks for helping with that. It's still a little confusing though. Here the Fed is buying the bonds (and equally confusing is why the Chineese are continuing to do so. Can't they find anything better?) But the bonds will depreciate anyway. And although everyone is expecting massive inflation due to the trillions in money supply, certain assets like real estate continue to deflate. The battle of viewpoints in fundamentals always leaves me frustrated, which is why I stick to the technical side. That way, when prices go the opposite way of what the masses expect, I'm not screaming that the market was wrong.
Looks like GSG bottomed in March. And being favorably weighted in energy,I can see why it's doing well. And oil up agan today which is really pissing me off.
The whole economic thing is really confusing! What is "money" anyway? What a bunch of BS. Still, I like to keep an eye on what they are saying about the fundamentals in the hopes of learning about some new trend that is just getting started.
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