Morning Audibles - 12.10.10

Once again... Futures are looking NORTH... I'm guessing it must just be in anticipation of the arrival of Santa...

JBTFD is all you need to know...

Hurry bulls! Jump in your cars, and get out to the mall as fast as you can, to buy that special fruitcake, new I-Pad that will be obsolete as soon as the battery wears out and/or Steve Jobs tells you it's time to buy a new one, and you're NOT COOL if you don't...

Me?... Well - Since I've no place to go... "Let it snow, Let it Snow, Snow"


& other stocking stuffers to get you thru the weekend


226 comments:

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karen said...

MOBI was a chinese ipo that didn't do so well today, i guess..

bizarre day.. really.

karen said...

faz at new 52 week low..

karen said...

gaj.. but the dividend is so great !!!

Anonymous said...

THC ... business is booming!

Leftback said...

LB is now 16% divvys, 2% SPY, 2% EEM and 16% short.
Also 22% HYG and 13% TIP. Leaves about 30% cash.

So not actually bearish equities as yet, but hedged.
Starting to be much more bullish on bonds but not there yet.

Anonymous said...

PZG ... San Miguel's "golden" sweet spot!

ben22 said...

haha, yeah, IWM looks like a squeeze if I ever saw one, someone is in the house of pain

Leftback said...

THE TIME TO GET SHORT is directly after a squeeze...

Pretty amazing market - there really is a pile of unbelievably over-priced crap among the small caps with astronomical P/E ratios. Just begging for a painful dump.

If China tightens this weekend, there will be a commodity sell-off that might last for a few days and take equities down with it. If not, we'll be gone from the short side by 9.35am on Monday....

On the back side of such an event, the EMs, energy and Japan all start to look more interesting.

Beware the Tuesday PPI. Not going near vanilla bonds until we manage to get through that number.

interested said...

lefty, you need a blogger website to post your trades and thoughts... just saying

ben22 said...

if/when the metals correct it will be epic

SLV was down nearly 10% in two days

but I know....buy the dip!

karen said...

Sign of the Times: NYT Co. dropped by S&P 500; Netflix is added.

Off to be more productive.. I'll try not to come to the Wrap too wine-soaked : )

ben22 said...

gee, that makes sense

NYT dropped out of the S&P yet C never was, among others?

TBTD I guess

Leftback said...

LB cannot consistently post every day so there will be no Lefty Trades site, but he will bring his pearls of wisdom here to SC from time to time.

Mainly for the intellectual company...

Leftback said...

The charts for the metals have that look about them here. The look that charts have when they get just the other side of the right hand shoulder after the blow-off top.... before the really serious cliff diving begins, the kind with margin calls and forced liquidations.... which would be fun, b/c it would actually be GOOD for the economy...

But who knows? There might be another even bigger blow-off top ahead of us..

Still, let's look at what we have, BUCKY is well off the floor, EUR is still disintegrating, US economy improving to some degree, China is worried about over-heating and exchanges all over the place are concerned about margin. It's got all the hallmarks....

If not now, it could come in another month, or two.... this commodity bull market cannot go on forever.... the cure for higher prices is demand destruction.... and in a deflationary backdrop in the West, that may arrive sooner than people think.

Anonymous said...

FYI, the origin of "Cold Steel"
http://www.dadsarmy.co.uk/maincharacters.html#Jones

I-Man said...

TJIF

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Disclosure/Warning

This blog should not be interpreted as investment advice of any kind. The authors are NOT representing themselves CTAs or CFAs or Investment/Trading Advisor of any kind. The authors may or may not trade in the markets discussed. The authors may hold positions opposite of what may by inferred by this blog.The information contained in this blog is taken from sources the authors believes to be reliable, but it is not guaranteed by the authors as to the accuracy or completeness thereof and is presented here for information purposes only. Commodity trading involves risk and is not for everyone.