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TLT

TLT


Not surprising but worth noting, TLT is showing up on my list of rising products with large short positions, coinciding with the Bullidex making fresh lows as the markets continue to weaken. Stay liquid.

S&P 500: Look Out Below!

Bullidex for May 5 20012

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Bullidex for May 5 20012

Hey folks, I haven’t been on the box for quite some time, but I just wanted to make a small observation about the US markets. It looks like the ride up the ol’ S&P 500 is coming to an end as the Bullidex is now trading below a falling 5 period avg. Periods of increasing volatility and fewer rising stocks make riding the wave up much harder, so go to cash or get short until the coast is clear.

Comic for September 10, 2011

Dilbert Daily Strip

via Comic for September 10, 2011.

Jewbook

Rising Prices $DJP

You think $4 gas is a problem? Wait till it’s $5.50 and you’re stuck at a gross gas station that charges $5 to use a credit card. You’ll impatiently wait in an unfordable expensive cotton t-shirt and curse the hipster in front of you who is smoking a $20 pack of cigs as he fills her hybrid vehicle. No commodity seems safe, Starbucks will be replacing your coffee with the cheapest legal substitute, just like gasoline is giving way to ethanol. Luckily, computers are always cheaper tomorrow. Unfortunately, they lack nutrients, fail to fit in a gas tank and cannot be worn comfortably. Judging by the performance of commodities, QE3 is around the corner and the hot money is chasing risk like sailors on leave.

Inflation Outlook $TIP

There are no signs of deflationary hysteria  as inflation protected papers continue to strangle comparable 7-10 yr. notes.  The long legged pimp daddy in the White House says we’re defending our “interests and values” abroad, but it won’t be cheap.  Gas prices continue to climb, undoubtedly a plot by the Bavarian Illuminati to destabilize my beach parties.  Unfortunately the April/May seasonality won’t soften the ascent, but I have assistance in such matters.  My central scrutinizer hedged my exposure to this growing transportation rape-tax, by purchasing tickets to Italy months ago.  Soon I’ll be dancing in the streets with angry Libyan refugees as I throw fist fulls of freshly unearthed truffles at effigies of Our Dear Leader.  Yet, in the end, I’m still long America and our interwebular weapons of kinetic face slapping.

Rule: Personal political opinions shall not interfere with the Work.

Simple…

Setting up my own website and email is turning out to be easier than I expected. Unfortunately, creating content is not, but expect regular updates as I undress my virtual avatar for the leering trolls on the interwebs.

Blogging from my android

New doors are opening…

New High Short Squeeze ($PCLN)

PCLN090810Priceline.com has been a winner since breaking past 119 on July 20th, subsequently rising 25% in less than a month. As a stock making new highs with a large percentage of the stock short, the squeeze has been a thing of beauty as PCLN flies past 2008 levels.

Trading in an uptrend above a rising upper Bollinger is an indication that the online reservation business is strong, and that the market expects continued prosperity in this sector. At the risk of sounding like a paid endorsement, I use Priceline’s hotel room bidding service to find great deals on four star hotels, often 30-50% cheaper than advertised rates.

A break below 133.2 would start a secondary downtrend, suggesting profit taking, but PCLN looks like a great investment in a well branded company so long as it can stay above 99.2. In a perfect world, a pullback to the 120′s before resuming the upward path would provide a great entry point, but only time will tell.

Quote Corner

There is no tool to change human nature… people are prone to recurring bouts of optimism and pessimism that manifest themselves from time to time in the buildup or cessation of speculative excesses.

-Alan Greenspan (Fed Chairman 1987-2006, July 18, 2001 monetary policy report to the Congress)