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…
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…
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.
New doors are opening…
Priceline.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…
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)
Freddie Mac is hot on StockTwits as the government sponsored mortgage giant surged over 125% after reporting a profit. As I mentioned here, try to ignore public perception, financial companies related to mortgage securitization are prospering; look at AIG and Fannie Mae. Breaking to multi-month highs with strong volume, FRE is trading in an uptrend…
The NASDAQ McClellan Oscillator, a short term breadth indicator, began a downtrend on Wed. Whether this turns into a sustained move lower remains to be seen, but it is an early warning sign that you should be aware of. To my dismay, I was stopped out of one of my favorite leading stocks, STEC. Weakness…
It’s not what you say. It’s what they hear. -(A sign in an advertising office)
American International Group was hot on StockTwits as the insurer opened below $14 and closed at $22, a remarkable daytrade indeed. Whatever voodoo catalyzed the squeeze remains to be seen, though my sources tell me it involved monkey flatulence and Franz Geithner. Though AIG is in a primary downtrend, the secondary trend is above the…